Wheaton Capex To Depreciation vs Price To Sales Ratio Analysis

WPM Stock

CAD 89.19 0.53 0.60%

Wheaton Precious financial indicator trend analysis is more than just analyzing Wheaton Precious Metals current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wheaton Precious Metals is a good investment. Please check the relationship between Wheaton Precious Capex To Depreciation and its Price To Sales Ratio accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wheaton Precious Metals. 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.

Capex To Depreciation vs Price To Sales Ratio

Capex To Depreciation vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wheaton Precious Metals Capex To Depreciation account and Price To Sales Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Wheaton Precious' Capex To Depreciation and Price To Sales Ratio is -0.35. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Wheaton Precious Metals, assuming nothing else is changed. The correlation between historical values of Wheaton Precious' Capex To Depreciation and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Wheaton Precious Metals are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Capex To Depreciation i.e., Wheaton Precious' Capex To Depreciation and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

-0.35

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Wheaton Precious Metals stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Wheaton Precious sales, a figure that is much harder to manipulate than other Wheaton Precious Metals multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Most indicators from Wheaton Precious' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wheaton Precious Metals 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wheaton Precious Metals. 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 November 2024, Selling General Administrative is likely to grow to about 61.3 M. Also, Tax Provision is likely to grow to about 1.5 M

	2021	2022	2023	2024 (projected)
Gross Profit	658.9M	565.5M	573.4M	299.4M
Total Revenue	1.2B	1.1B	1.0B	552.7M

Gross Profit Total Revenue

Wheaton Precious fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Short Long Term Debt Total	Other Current Liab	Short Term Debt	Retained Earnings	Other Current Assets	Other Assets	Common Stock Total Equity
Total Assets		-0.23	0.96	0.89	0.07	-0.34	0.23	0.99	0.47	0.23	0.56	0.78	0.15	0.25	-0.36	0.13	0.93	0.25	0.64	0.19	0.14	0.04	0.84	0.1	0.81	0.91
Total Current Liabilities	-0.23		-0.21	-0.28	-0.24	0.93	0.12	-0.25	-0.3	0.12	0.11	0.11	-0.15	0.17	0.94	-0.08	-0.23	0.12	0.17	-0.26	0.34	-0.13	-0.27	0.09	-0.08	-0.14
Total Stockholder Equity	0.96	-0.21		0.79	-0.19	-0.35	0.39	0.93	0.36	0.39	0.73	0.71	-0.12	0.24	-0.36	-0.14	0.97	0.41	0.64	-0.08	0.21	0.02	0.93	0.01	0.86	0.9
Property Plant And Equipment Net	0.89	-0.28	0.79		0.32	-0.32	-0.05	0.91	0.58	-0.05	0.25	0.87	0.37	0.27	-0.34	0.35	0.76	-0.03	0.37	0.4	-0.04	0.11	0.59	0.15	0.79	0.91
Net Debt	0.07	-0.24	-0.19	0.32		-0.11	-0.78	0.17	0.4	-0.78	-0.68	0.14	0.96	0.04	-0.12	0.95	-0.16	-0.78	-0.13	0.96	-0.36	0.14	-0.38	0.29	-0.21	0.02
Accounts Payable	-0.34	0.93	-0.35	-0.32	-0.11		-0.01	-0.34	-0.2	-0.01	-0.07	0.05	-0.03	-0.14	0.97	0.04	-0.32	-0.02	0.02	-0.14	0.01	-0.05	-0.39	-0.11	-0.25	-0.25
Cash	0.23	0.12	0.39	-0.05	-0.78	-0.01		0.11	-0.17	1.0	0.65	0.17	-0.6	-0.07	-0.1	-0.59	0.33	1.0	0.38	-0.58	0.5	-0.18	0.57	-0.16	0.27	0.13
Non Current Assets Total	0.99	-0.25	0.93	0.91	0.17	-0.34	0.11		0.51	0.11	0.49	0.78	0.23	0.26	-0.36	0.21	0.91	0.13	0.61	0.27	0.08	0.07	0.78	0.11	0.8	0.91
Non Currrent Assets Other	0.47	-0.3	0.36	0.58	0.4	-0.2	-0.17	0.51		-0.17	-0.21	0.46	0.43	-0.11	-0.23	0.41	0.35	-0.18	-0.05	0.45	-0.26	0.57	0.16	-0.18	0.36	0.51
Cash And Short Term Investments	0.23	0.12	0.39	-0.05	-0.78	-0.01	1.0	0.11	-0.17		0.65	0.17	-0.6	-0.07	-0.1	-0.59	0.33	1.0	0.38	-0.58	0.5	-0.18	0.57	-0.16	0.27	0.13
Net Receivables	0.56	0.11	0.73	0.25	-0.68	-0.07	0.65	0.49	-0.21	0.65		0.3	-0.62	0.21	-0.08	-0.62	0.74	0.67	0.69	-0.61	0.39	-0.19	0.85	-0.03	0.64	0.49
Common Stock Shares Outstanding	0.78	0.11	0.71	0.87	0.14	0.05	0.17	0.78	0.46	0.17	0.3		0.27	0.25	0.0	0.28	0.63	0.19	0.43	0.26	0.14	0.15	0.5	0.13	0.72	0.83
Non Current Liabilities Total	0.15	-0.15	-0.12	0.37	0.96	-0.03	-0.6	0.23	0.43	-0.6	-0.62	0.27		0.01	-0.08	1.0	-0.11	-0.6	-0.02	0.99	-0.25	0.1	-0.31	0.3	-0.18	0.06
Inventory	0.25	0.17	0.24	0.27	0.04	-0.14	-0.07	0.26	-0.11	-0.07	0.21	0.25	0.01		-0.02	0.03	0.19	-0.03	0.19	0.02	0.7	-0.12	0.11	0.76	0.44	0.32
Other Stockholder Equity	-0.36	0.94	-0.36	-0.34	-0.12	0.97	-0.1	-0.36	-0.23	-0.1	-0.08	0.0	-0.08	-0.02		-0.01	-0.35	-0.1	-0.02	-0.19	0.04	-0.01	-0.44	-0.04	-0.2	-0.22
Total Liab	0.13	-0.08	-0.14	0.35	0.95	0.04	-0.59	0.21	0.41	-0.59	-0.62	0.28	1.0	0.03	-0.01		-0.13	-0.59	-0.01	0.98	-0.23	0.09	-0.33	0.31	-0.19	0.05
Property Plant And Equipment Gross	0.93	-0.23	0.97	0.76	-0.16	-0.32	0.33	0.91	0.35	0.33	0.74	0.63	-0.11	0.19	-0.35	-0.13		0.35	0.61	-0.07	0.09	-0.03	0.93	-0.05	0.83	0.84
Total Current Assets	0.25	0.12	0.41	-0.03	-0.78	-0.02	1.0	0.13	-0.18	1.0	0.67	0.19	-0.6	-0.03	-0.1	-0.59	0.35		0.39	-0.58	0.53	-0.19	0.59	-0.11	0.29	0.15
Intangible Assets	0.64	0.17	0.64	0.37	-0.13	0.02	0.38	0.61	-0.05	0.38	0.69	0.43	-0.02	0.19	-0.02	-0.01	0.61	0.39		-0.02	0.44	-0.04	0.65	0.22	0.48	0.5
Short Long Term Debt Total	0.19	-0.26	-0.08	0.4	0.96	-0.14	-0.58	0.27	0.45	-0.58	-0.61	0.26	0.99	0.02	-0.19	0.98	-0.07	-0.58	-0.02		-0.24	0.11	-0.26	0.31	-0.15	0.08
Other Current Liab	0.14	0.34	0.21	-0.04	-0.36	0.01	0.5	0.08	-0.26	0.5	0.39	0.14	-0.25	0.7	0.04	-0.23	0.09	0.53	0.44	-0.24		-0.18	0.21	0.53	0.27	0.12
Short Term Debt	0.04	-0.13	0.02	0.11	0.14	-0.05	-0.18	0.07	0.57	-0.18	-0.19	0.15	0.1	-0.12	-0.01	0.09	-0.03	-0.19	-0.04	0.11	-0.18		-0.13	-0.09	0.06	0.15
Retained Earnings	0.84	-0.27	0.93	0.59	-0.38	-0.39	0.57	0.78	0.16	0.57	0.85	0.5	-0.31	0.11	-0.44	-0.33	0.93	0.59	0.65	-0.26	0.21	-0.13		-0.07	0.75	0.7
Other Current Assets	0.1	0.09	0.01	0.15	0.29	-0.11	-0.16	0.11	-0.18	-0.16	-0.03	0.13	0.3	0.76	-0.04	0.31	-0.05	-0.11	0.22	0.31	0.53	-0.09	-0.07		0.09	0.06
Other Assets	0.81	-0.08	0.86	0.79	-0.21	-0.25	0.27	0.8	0.36	0.27	0.64	0.72	-0.18	0.44	-0.2	-0.19	0.83	0.29	0.48	-0.15	0.27	0.06	0.75	0.09		0.93
Common Stock Total Equity	0.91	-0.14	0.9	0.91	0.02	-0.25	0.13	0.91	0.51	0.13	0.49	0.83	0.06	0.32	-0.22	0.05	0.84	0.15	0.5	0.08	0.12	0.15	0.7	0.06	0.93

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Wheaton Precious Account Relationship Matchups

Wheaton Precious fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.3B	6.0B	6.3B	6.8B	7.0B	7.4B
Total Current Liabilities	64.7M	31.2M	29.7M	30.7M	26.1M	40.0M
Total Stockholder Equity	5.3B	5.7B	6.3B	6.7B	7.0B	7.3B
Property Plant And Equipment Net	5.8B	5.5B	6.0B	5.8B	6.2B	3.5B
Net Debt	774.8M	6.0M	(223.2M)	(694.1M)	(540.3M)	(513.3M)
Accounts Payable	11.8M	13.0M	13.9M	12.6M	13.5M	13.8M
Cash	104.0M	192.7M	226.0M	696.1M	546.5M	573.9M
Non Current Assets Total	6.1B	5.8B	6.0B	6.0B	6.5B	6.8B
Non Currrent Assets Other	4.5M	5.0M	6.9M	18.1M	5.9M	5.6M
Cash And Short Term Investments	104.0M	192.7M	226.0M	696.1M	546.5M	573.9M
Net Receivables	7.7M	6.7M	12.4M	10.2M	16.0M	16.8M
Common Stock Shares Outstanding	446.9M	450.1M	451.2M	452.3M	453.5M	301.7M
Liabilities And Stockholders Equity	6.3B	6.0B	6.3B	6.8B	7.0B	7.4B
Non Current Liabilities Total	887.4M	211.5M	16.3M	11.5M	19.6M	18.6M
Inventory	41.5M	2.4M	8.7M	10.5M	1.4M	1.3M
Other Stockholder Equity	160.7M	126.9M	47.0M	8.1M	7.3M	7.0M
Total Liab	952.1M	242.7M	46.0M	42.2M	45.7M	43.4M
Property Plant And Equipment Gross	5.7B	5.5B	8.9B	8.3B	8.9B	9.4B
Total Current Assets	154.8M	201.8M	249.7M	720.1M	567.4M	595.8M
Accumulated Other Comprehensive Income	160.7M	126.9M	47.0M	66.5M	(40.1M)	(38.1M)
Intangible Assets	4.9M	3.0M	2.7M	2.3M	6.4M	6.7M
Short Long Term Debt Total	878.8M	198.6M	2.9M	2.0M	6.2M	5.9M
Other Current Liab	41.5M	76K	136K	17.3M	12.0M	18.5M
Short Term Debt	724K	773K	813K	818K	604K	573.8K
Retained Earnings	1.6B	1.9B	2.5B	2.9B	3.2B	3.4B
Other Current Assets	41.6M	64K	49K	431K	871K	827.5K
Other Assets	65.6M	54.8M	64.4M	72.5M	83.4M	42.5M
Common Stock Total Equity	3.5B	3.5B	3.6B	3.6B	4.2B	3.0B
Common Stock	3.6B	3.6B	3.7B	3.8B	3.8B	3.2B
Other Liab	9.4M	13.7M	14.3M	10.4M	11.9M	7.4M
Net Tangible Assets	5.3B	5.7B	6.2B	6.7B	7.7B	5.5B
Long Term Investments	310.6M	199.9M	61.5M	255.5M	246.7M	151.7M
Property Plant Equipment	5.7B	5.5B	5.9B	5.7B	6.6B	6.0B
Deferred Long Term Liab	5.2M	5.2M	5.6M	5.8M	6.6M	3.5M
Long Term Debt Total	878.0M	197.9M	2.1M	1.2M	1.0M	985.0K
Net Invested Capital	6.2B	5.9B	6.3B	6.7B	7.0B	6.9B
Cash And Equivalents	104.0M	192.7M	226.0M	696.1M	800.5M	840.5M

Pair Trading with Wheaton Precious

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 Wheaton Precious 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 Wheaton Precious will appreciate offsetting losses from the drop in the long position's value.

Moving together with Wheaton Stock

0.89	AG	First Majestic Silver	Pair Corr
0.76	IE	Ivanhoe Energy	Pair Corr
0.62	FDY	Faraday Copper Corp	Pair Corr

The ability to find closely correlated positions to Wheaton Precious could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wheaton Precious 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 Wheaton Precious - 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 Wheaton Precious Metals to buy it.

The correlation of Wheaton Precious 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 Wheaton Precious moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wheaton Precious Metals 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 Wheaton Precious 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.

Pair Correlation Correlation Matching

When determining whether Wheaton Precious Metals is a strong investment it is important to analyze Wheaton Precious' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Wheaton Precious' future performance. For an informed investment choice regarding Wheaton Stock, refer to the following important reports:

How To Invest In Wheaton

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Is Wheaton Stock a good investment?

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What is Wheaton Precious' Net Worth?

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wheaton Precious Metals. 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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Please note, there is a significant difference between Wheaton Precious' value and its price as these two are different measures arrived at by different means. Investors typically determine if Wheaton Precious is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wheaton Precious' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Wheaton Capex To Depreciation vs Price To Sales Ratio Analysis

Capex To Depreciation vs Price To Sales Ratio

Capex To Depreciation vs Price To Sales Ratio Correlation Analysis

Correlation Coefficient

Capex To Depreciation

Price To Sales Ratio

Wheaton Precious fundamental ratios Correlations

Wheaton Precious Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Wheaton Precious fundamental ratios Accounts

Pair Trading with Wheaton Precious

Moving together with Wheaton Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash And Short Term Investments
Total Liab	+ 1.0	Non Current Liabilities Total
Non Current Assets Total	+ 0.99	Total Assets
Short Long Term Debt Total	+ 0.99	Non Current Liabilities Total

Total Current Assets	- 0.78	Net Debt
Cash And Short Term Investments	- 0.78	Net Debt
Cash	- 0.78	Net Debt
Net Receivables	- 0.68	Net Debt
Total Liab	- 0.62	Net Receivables
Non Current Liabilities Total	- 0.62	Net Receivables