Largo Historical Financial Ratios
| LGO Stock | USD 2.17 0.10 4.83% |
Largo Resources is lately reporting on over 89 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Days Sales Outstanding of 63.76 will help investors to properly organize and evaluate Largo Resources financial condition quickly.
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About Largo Financial Ratios Analysis
Largo ResourcesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Largo Resources investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Largo financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Largo Resources history.
Largo Resources Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Largo Resources stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Largo Resources sales, a figure that is much harder to manipulate than other Largo Resources 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.Operating Cash Flow Per Share
A measure of the cash generated from a company's normal business operations per share, indicating how much cash is generated from a company's business operations on a per-share basis.Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.Most ratios from Largo Resources' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Largo Resources current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Largo Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Largo Stock, please use our How to Invest in Largo Resources guide.At this time, Largo Resources' Sales General And Administrative To Revenue is very stable compared to the past year. As of the 27th of November 2024, Average Inventory is likely to grow to about 26.7 M, while Price To Sales Ratio is likely to drop 0.70.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 9.47 | 4.71 | 4.22 | 3.26 | Days Of Inventory On Hand | 124.37 | 138.11 | 128.58 | 140.95 |
Largo Resources fundamentals Correlations
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Largo Resources Account Relationship Matchups
High Positive Relationship
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Largo Resources fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 4.94 | 5.54 | 2.99 | 1.52 | 0.74 | 0.7 | |
| Ptb Ratio | 1.95 | 2.69 | 2.23 | 1.31 | 0.59 | 0.56 | |
| Days Sales Outstanding | 20.94 | 58.09 | 43.6 | 33.4 | 47.03 | 63.76 | |
| Book Value Per Share | 5.07 | 4.03 | 4.15 | 4.26 | 3.99 | 3.79 | |
| Operating Cash Flow Per Share | 1.99 | (0.97) | 0.62 | 0.0537 | 0.33 | 0.35 | |
| Stock Based Compensation To Revenue | 0.0337 | 0.0137 | 0.0158 | 0.0103 | (0.001822) | (0.001731) | |
| Capex To Depreciation | 1.59 | 1.03 | 1.22 | 1.96 | 1.84 | 1.74 | |
| Pb Ratio | 1.95 | 2.69 | 2.23 | 1.31 | 0.59 | 0.56 | |
| Ev To Sales | 3.76 | 5.09 | 2.66 | 1.47 | 0.91 | 0.87 | |
| Free Cash Flow Per Share | 1.27 | (1.26) | 0.19 | (0.65) | (0.51) | (0.53) | |
| Roic | (0.0443) | 0.0605 | 0.0936 | (0.0294) | (0.0407) | (0.0386) | |
| Inventory Turnover | 4.48 | 2.5 | 2.93 | 2.64 | 2.84 | 5.41 | |
| Net Income Per Share | (0.52) | 0.11 | 0.35 | (0.0345) | (0.47) | (0.5) | |
| Days Of Inventory On Hand | 81.56 | 145.92 | 124.37 | 138.11 | 128.58 | 140.95 | |
| Payables Turnover | 1.26 | 7.19 | 9.47 | 4.71 | 4.22 | 3.26 | |
| Sales General And Administrative To Revenue | 0.0383 | 0.15 | 0.1 | 0.13 | 0.17 | 0.32 | |
| Capex To Revenue | 0.36 | 0.15 | 0.14 | 0.2 | 0.27 | 0.26 | |
| Cash Per Share | 2.38 | 1.29 | 1.31 | 0.85 | 0.67 | 0.63 | |
| Pocfratio | 4.97 | (11.17) | 14.92 | 100.85 | 6.95 | 7.29 | |
| Interest Coverage | (1.5) | 16.53 | 37.69 | 11.6 | (1.48) | (1.55) | |
| Capex To Operating Cash Flow | 0.36 | (0.3) | 0.69 | 13.19 | 2.53 | 2.66 | |
| Pfcf Ratio | 7.78 | (8.56) | 47.94 | (8.27) | (4.53) | (4.3) | |
| Days Payables Outstanding | 288.92 | 50.75 | 38.56 | 77.55 | 86.58 | 82.25 | |
| Income Quality | (3.85) | (8.8) | 1.76 | (1.55) | (0.66) | (0.69) | |
| Roe | (0.1) | 0.0274 | 0.085 | (0.008388) | (0.12) | (0.13) | |
| Ev To Operating Cash Flow | 3.77 | (10.25) | 13.25 | 97.27 | 8.54 | 8.97 | |
| Pe Ratio | (19.11) | 98.29 | 26.29 | (156.76) | (4.85) | (5.1) | |
| Return On Tangible Assets | (0.0777) | 0.023 | 0.0728 | (0.006388) | (0.0808) | (0.0849) | |
| Ev To Free Cash Flow | 5.91 | (7.86) | 42.59 | (7.98) | (5.57) | (5.29) | |
| Earnings Yield | 0.13 | (0.0523) | 0.0102 | 0.038 | (0.006379) | (0.21) | |
| Net Debt To E B I T D A | (6.46) | (1.53) | (0.95) | (0.33) | 8.84 | 9.28 | |
| Current Ratio | 2.0 | 3.1 | 3.84 | 3.96 | 3.23 | 3.76 | |
| Tangible Book Value Per Share | 5.07 | 3.96 | 4.09 | 4.15 | 3.9 | 3.7 | |
| Receivables Turnover | 17.43 | 6.28 | 8.37 | 10.93 | 7.76 | 6.82 | |
| Graham Number | 7.69 | 3.16 | 5.74 | 1.79 | 6.43 | 6.11 |
Pair Trading with Largo Resources
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 Largo Resources 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 Largo Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Largo Stock
Moving against Largo Stock
The ability to find closely correlated positions to Largo Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Largo Resources 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 Largo Resources - 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 Largo Resources to buy it.
The correlation of Largo Resources 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 Largo Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Largo Resources 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 Largo Resources 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Largo Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Largo Stock, please use our How to Invest in Largo Resources guide.You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Largo Resources. If investors know Largo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Largo Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.153 | Earnings Share (0.76) | Revenue Per Share 2.26 | Quarterly Revenue Growth (0.32) | Return On Assets (0.08) |
The market value of Largo Resources is measured differently than its book value, which is the value of Largo that is recorded on the company's balance sheet. Investors also form their own opinion of Largo Resources' value that differs from its market value or its book value, called intrinsic value, which is Largo Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Largo Resources' market value can be influenced by many factors that don't directly affect Largo Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Largo Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Largo Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Largo Resources' 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.