Sprott Free Cash Flow Per Share vs Roic Analysis
SII Stock | CAD 60.50 0.54 0.88% |
Sprott financial indicator trend analysis is much more than just breaking down Sprott Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sprott Inc is a good investment. Please check the relationship between Sprott Free Cash Flow Per Share and its Roic accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sprott Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Free Cash Flow Per Share vs Roic
Free Cash Flow Per Share vs Roic Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sprott Inc Free Cash Flow Per Share account and Roic. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Sprott's Free Cash Flow Per Share and Roic is 0.13. Overlapping area represents the amount of variation of Free Cash Flow Per Share that can explain the historical movement of Roic in the same time period over historical financial statements of Sprott Inc, assuming nothing else is changed. The correlation between historical values of Sprott's Free Cash Flow Per Share and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Per Share of Sprott Inc are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Free Cash Flow Per Share i.e., Sprott's Free Cash Flow Per Share and Roic go up and down completely randomly.
Correlation Coefficient | 0.13 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Free Cash Flow Per Share
The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.Most indicators from Sprott's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sprott Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sprott Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. As of the 24th of December 2024, Selling General Administrative is likely to drop to about 16.6 M. In addition to that, Tax Provision is likely to drop to about 6.7 M
2021 | 2022 | 2023 | 2024 (projected) | |
Gross Profit | 87.1M | 74.2M | 64.2M | 80.9M |
Total Revenue | 164.9M | 154.3M | 146.3M | 108.0M |
Sprott fundamental ratios Correlations
Click cells to compare fundamentals
Sprott Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sprott fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 324.9M | 377.3M | 365.9M | 383.7M | 378.8M | 358.7M | |
Other Current Liab | 7.7M | 15.2M | 15.8M | 12.3M | 7.8M | 7.4M | |
Total Current Liabilities | 35.2M | 47.2M | 28.1M | 25.8M | 21.4M | 40.4M | |
Total Stockholder Equity | 271.6M | 291.0M | 291.2M | 277.3M | 305.7M | 282.9M | |
Property Plant And Equipment Net | 16.2M | 16.6M | 16.5M | 12.5M | 10.9M | 8.7M | |
Net Debt | (39.4M) | (27.1M) | (20.0M) | 2.8M | 3.6M | 3.8M | |
Retained Earnings | (102.7M) | (104.5M) | (97.0M) | (105.3M) | (89.4M) | (84.9M) | |
Accounts Payable | 23.6M | 29.7M | 9.4M | 10.7M | 12.6M | 22.3M | |
Cash | 54.7M | 44.1M | 49.8M | 51.7M | 20.7M | 19.6M | |
Non Current Assets Total | 229.5M | 292.0M | 288.3M | 306.8M | 333.8M | 199.4M | |
Non Currrent Assets Other | 1.4M | 16.1M | 12.4M | 21.3M | 24.3M | 17.0M | |
Cash And Short Term Investments | 72.2M | 53.6M | 55.9M | 55.0M | 22.9M | 21.7M | |
Net Receivables | 10.1M | 22.5M | 14.8M | 13.2M | 8.7M | 8.2M | |
Common Stock Shares Outstanding | 24.4M | 25.8M | 25.9M | 26.2M | 26.1M | 23.6M | |
Short Term Investments | 17.5M | 9.5M | 6.1M | 3.3M | 2.2M | 2.1M | |
Liabilities And Stockholders Equity | 324.9M | 377.3M | 365.9M | 383.7M | 378.8M | 358.7M | |
Non Current Liabilities Total | 18.1M | 39.1M | 46.5M | 80.7M | 51.7M | 54.3M | |
Inventory | (21.6M) | (12.1M) | (7.8M) | (4.5M) | (3.0M) | (3.1M) | |
Other Current Assets | 13.0M | 9.2M | 6.8M | 8.7M | 13.5M | 19.9M | |
Other Stockholder Equity | 33.4M | 169.6M | 154.7M | 197.5M | 35.3M | 33.5M | |
Total Liab | 53.3M | 86.4M | 74.7M | 106.5M | 73.1M | 55.2M | |
Property Plant And Equipment Gross | 16.2M | 16.6M | 32.5M | 30.9M | 31.0M | 32.6M | |
Total Current Assets | 95.3M | 85.3M | 77.5M | 77.0M | 45.1M | 42.8M | |
Accumulated Other Comprehensive Income | 24.5M | (65.6M) | (64.6M) | (79.6M) | (74.9M) | (71.2M) | |
Other Assets | 24.5M | 17.8M | 13.9M | 23.0M | 26.4M | 14.2M | |
Good Will | 19.1M | 19.2M | 19.1M | 19.1M | 17.2M | 25.7M | |
Common Stock Total Equity | 312.2M | 303.2M | 316.3M | 417.8M | 480.4M | 355.9M | |
Intangible Assets | 114.0M | 156.0M | 170.1M | 178.6M | 182.9M | 96.7M | |
Common Stock | 316.3M | 417.8M | 417.4M | 428.5M | 434.8M | 384.3M | |
Other Liab | 6.7M | 14.3M | 8.5M | 8.2M | 9.5M | 8.2M | |
Net Tangible Assets | 138.4M | 115.9M | 102.0M | 79.5M | 71.6M | 68.0M | |
Long Term Investments | 74.5M | 82.5M | 68.8M | 73.6M | 93.5M | 64.9M | |
Property Plant Equipment | 16.2M | 16.6M | 16.5M | 12.5M | 14.4M | 11.4M | |
Short Long Term Debt Total | 15.3M | 17.0M | 29.8M | 54.4M | 24.2M | 20.7M | |
Short Term Debt | 3.8M | 21.7M | 37.6M | 73.8M | 32.0M | 24.1M | |
Capital Surpluse | 43.2M | 43.3M | 35.4M | 33.7M | 38.8M | 38.6M | |
Long Term Debt Total | 11.5M | 17.0M | 29.8M | 54.4M | 62.6M | 65.7M |
Pair Trading with Sprott
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sprott position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sprott will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Sprott could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sprott when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sprott - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sprott Inc to buy it.
The correlation of Sprott is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sprott moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sprott Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sprott can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sprott Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.