Novo Financial Statements From 2010 to 2024
| NSRPF Stock | USD 0.05 0 3.85% |
Check Novo Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Novo Resources' main balance sheet or income statement drivers, such as , as well as many indicators such as . Novo financial statements analysis is a perfect complement when working with Novo Resources Valuation or Volatility modules.
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Novo Resources Corp OTC Stock Return On Equity Analysis
Novo Resources' Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Novo Resources Return On Equity | -0.49 |
Most of Novo Resources' fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Novo Resources Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Based on the latest financial disclosure, Novo Resources Corp has a Return On Equity of -0.4899. This is 153.84% lower than that of the Metals & Mining sector and notably lower than that of the Materials industry. The return on equity for all United States stocks is 58.03% higher than that of the company.
Novo Resources Corp Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Novo Resources's current stock value. Our valuation model uses many indicators to compare Novo Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Novo Resources competition to find correlations between indicators driving Novo Resources's intrinsic value. More Info.Novo Resources Corp is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Novo Resources' earnings, one of the primary drivers of an investment's value.About Novo Resources Financial Statements
Novo Resources stakeholders use historical fundamental indicators, such as Novo Resources' revenue or net income, to determine how well the company is positioned to perform in the future. Although Novo Resources investors may analyze each financial statement separately, they are all interrelated. For example, changes in Novo Resources' assets and liabilities are reflected in the revenues and expenses on Novo Resources' income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Novo Resources Corp. Please read more on our technical analysis and fundamental analysis pages.
Novo Resources Corp., together with its subsidiaries, engages in evaluating, acquiring, exploring, and developing natural resource properties in Canada, Australia, and the United States. Novo Resources Corp. was incorporated in 2009 and is headquartered in Vancouver, Canada. Novo Res operates under Gold classification in the United States and is traded on OTC Exchange. It employs 111 people.
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Other Information on Investing in Novo OTC Stock
Novo Resources financial ratios help investors to determine whether Novo OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Novo with respect to the benefits of owning Novo Resources security.