Almaden Historical Financial Ratios
| AMM Stock | CAD 0.06 0.01 8.33% |
Almaden Minerals is presently reporting on over 90 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 Dividend Yield of 0.0, PTB Ratio of 2.87 or Days Sales Outstanding of 1.9 M will help investors to properly organize and evaluate Almaden Minerals financial condition quickly.
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About Almaden Financial Ratios Analysis
Almaden MineralsFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Almaden Minerals 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 Almaden financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Almaden Minerals history.
Almaden Minerals Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Almaden Minerals stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Almaden Minerals sales, a figure that is much harder to manipulate than other Almaden Minerals 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.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to Almaden Minerals. There are two different methods for calculating Almaden Minerals invested capital: operating approach and financing approach. Understanding Almaden Minerals invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.Return On Tangible Assets
A profitability metric that measures a company's ability to generate earnings from its tangible assets.Most ratios from Almaden Minerals' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Almaden Minerals 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Almaden Minerals. 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. At this time, Almaden Minerals' Capex To Revenue is very stable compared to the past year. As of the 13th of December 2024, Days Payables Outstanding is likely to grow to 3,905, while PTB Ratio is likely to drop 2.87.
| 2023 | 2024 (projected) | Days Sales Outstanding | 1.8M | 1.9M | PTB Ratio | 3.62 | 2.87 |
Almaden Minerals fundamentals Correlations
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Almaden Minerals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Almaden Minerals fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Ptb Ratio | 1.24 | 0.97 | 0.64 | 0.65 | 3.62 | 2.87 | |
| Book Value Per Share | 0.68 | 0.66 | 0.61 | 0.51 | 0.0511 | 0.0485 | |
| Free Cash Flow Yield | (0.0665) | (0.0435) | (0.0856) | (0.0747) | (0.09) | (0.0945) | |
| Invested Capital | 73.2M | 75.9M | 86.6M | 77.6M | 69.9M | 46.8M | |
| Operating Cash Flow Per Share | (0.0169) | (0.0107) | (0.0121) | (0.012) | (0.0108) | (0.0113) | |
| Average Payables | 639.7K | 787.9K | 868.1K | 447.6K | 402.8K | 380.8K | |
| Capex To Depreciation | 25.76 | 12.47 | 20.24 | 14.26 | 7.1 | 6.74 | |
| Pb Ratio | 1.24 | 0.97 | 0.64 | 0.65 | 3.62 | 2.87 | |
| Free Cash Flow Per Share | (0.0505) | (0.0257) | (0.0329) | (0.0246) | (0.0166) | (0.0175) | |
| Roic | (0.0501) | (0.0464) | (0.0493) | (0.0529) | (0.36) | (0.34) | |
| Net Income Per Share | (0.0359) | (0.03) | (0.0199) | (0.0863) | (0.46) | (0.44) | |
| Payables Turnover | 0.0259 | 0.23 | 0.56 | 0.27 | 0.51 | 0.15 | |
| Cash Per Share | 0.0705 | 0.008165 | 0.0216 | 0.0858 | 0.0309 | 0.0294 | |
| Pocfratio | (44.87) | (55.2) | (31.93) | (27.39) | (17.12) | (17.97) | |
| Capex To Operating Cash Flow | (1.98) | (1.4) | (1.73) | (1.05) | (0.54) | (0.57) | |
| Pfcf Ratio | (15.04) | (22.98) | (11.69) | (13.39) | (11.11) | (11.67) | |
| Days Payables Outstanding | 1.6K | 646.82 | 1.3K | 711.38 | 2.4K | 3.9K | |
| Income Quality | 0.5 | 0.4 | 0.6 | 0.14 | 0.0233 | 0.0221 | |
| Roe | (0.0585) | (0.0493) | (0.0333) | (0.17) | (9.08) | (8.63) | |
| Tangible Asset Value | 68.6M | 71.2M | 80.2M | 69.8M | 62.8M | 46.7M | |
| Ev To Operating Cash Flow | (45.89) | (55.58) | (27.97) | (26.02) | (19.2) | (20.16) | |
| Pe Ratio | (21.16) | (19.7) | (19.31) | (3.82) | (0.4) | (0.42) | |
| Return On Tangible Assets | (0.0542) | (0.0459) | (0.0306) | (0.15) | (5.01) | (4.76) | |
| Ev To Free Cash Flow | (15.38) | (23.14) | (10.24) | (12.72) | (12.47) | (13.09) | |
| Earnings Yield | (0.0473) | (0.0508) | (0.0518) | (0.26) | (2.51) | (2.38) | |
| Net Debt To E B I T D A | (0.62) | (0.19) | 3.54 | 0.23 | (0.73) | (0.7) | |
| Current Ratio | 2.94 | 6.29 | 19.03 | 18.4 | 6.08 | 5.77 | |
| Tangible Book Value Per Share | 0.68 | 0.66 | 0.61 | 0.51 | 0.051 | 0.0485 |
Pair Trading with Almaden Minerals
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 Almaden Minerals 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 Almaden Minerals will appreciate offsetting losses from the drop in the long position's value.Moving together with Almaden Stock
Moving against Almaden Stock
| 0.73 | WCN | Waste Connections | PairCorr |
| 0.67 | FFH | Fairfax Financial | PairCorr |
| 0.64 | CSU | Constellation Software | PairCorr |
| 0.5 | FSV | FirstService Corp | PairCorr |
| 0.44 | WN | George Weston Limited | PairCorr |
The ability to find closely correlated positions to Almaden Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Almaden Minerals 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 Almaden Minerals - 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 Almaden Minerals to buy it.
The correlation of Almaden Minerals 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 Almaden Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Almaden Minerals 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 Almaden Minerals 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.Other Information on Investing in Almaden Stock
Almaden MineralsFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Almaden Minerals 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 Almaden financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Almaden Minerals history.