Globex Historical Financial Ratios
GMX Stock | CAD 1.11 0.04 3.74% |
Globex Mining is recently reporting on over 94 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 PTB Ratio of 1.52 or Days Sales Outstanding of 4.23 will help investors to properly organize and evaluate Globex Mining Enterprises financial condition quickly.
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About Globex Financial Ratios Analysis
Globex Mining EnterprisesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Globex Mining 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 Globex financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Globex Mining history.
Globex Mining Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Globex Mining Enterprises stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Globex Mining sales, a figure that is much harder to manipulate than other Globex Mining Enterprises 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.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.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.Most ratios from Globex Mining's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Globex Mining Enterprises 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globex Mining Enterprises. 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, Globex Mining's Payables Turnover is very stable compared to the past year. As of the 2nd of December 2024, Cash Per Share is likely to grow to 0.47, while Price To Sales Ratio is likely to drop 11.86.
2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 1.37 | 25.54 | 4.46 | 4.23 | PTB Ratio | 1.74 | 1.23 | 1.6 | 1.52 |
Globex Mining fundamentals Correlations
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Globex Mining Account Relationship Matchups
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Globex Mining fundamentals Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Price To Sales Ratio | 8.31 | 5.1 | 1.72 | 19.16 | 12.48 | 11.86 | |
Ptb Ratio | 4.12 | 3.46 | 1.74 | 1.23 | 1.6 | 1.52 | |
Days Sales Outstanding | 44.11 | 10.93 | 1.37 | 25.54 | 4.46 | 4.23 | |
Book Value Per Share | 0.0874 | 0.2 | 0.63 | 0.56 | 0.58 | 0.61 | |
Free Cash Flow Yield | (0.0769) | 0.0142 | 0.12 | (0.0833) | 0.0405 | 0.0425 | |
Operating Cash Flow Per Share | (0.0275) | 0.0102 | 0.14 | (0.0546) | 0.041 | 0.043 | |
Capex To Depreciation | 0.35 | 0.7 | 12.84 | 1.91 | 2.41 | 2.29 | |
Pb Ratio | 4.12 | 3.46 | 1.74 | 1.23 | 1.6 | 1.52 | |
Ev To Sales | 7.61 | 4.46 | 1.38 | 18.39 | 10.88 | 10.34 | |
Free Cash Flow Per Share | (0.0277) | 0.009814 | 0.13 | (0.0575) | 0.0376 | 0.0395 | |
Roic | (0.19) | 0.29 | 0.67 | 0.0322 | 0.0535 | 0.0561 | |
Net Income Per Share | (0.0198) | 0.11 | 0.43 | (0.0744) | 0.0248 | 0.026 | |
Days Of Inventory On Hand | 161.17 | 15.3K | 0.00896 | 0.004406 | 0.005067 | 0.004813 | |
Payables Turnover | 0.35 | 0.23 | 0.37 | 0.54 | 0.71 | 0.75 | |
Sales General And Administrative To Revenue | 0.65 | 0.15 | 0.0539 | 1.15 | 0.27 | 0.26 | |
Capex To Revenue | 0.004468 | 0.003179 | 0.0148 | 0.079 | 0.0452 | 0.0429 | |
Pocfratio | (13.1) | 67.35 | 8.0 | (12.63) | 22.69 | 39.72 | |
Capex To Operating Cash Flow | (0.007044) | 0.042 | 0.0689 | (0.052) | 0.0821 | 0.078 | |
Pfcf Ratio | (13.01) | 70.3 | 8.59 | (12.0) | 24.72 | 25.95 | |
Days Payables Outstanding | 1.1K | 1.6K | 979.73 | 681.09 | 511.94 | 486.34 | |
Income Quality | 1.39 | 0.0939 | 0.32 | 0.73 | 1.65 | 1.74 | |
Roe | (0.23) | 0.55 | 0.68 | (0.13) | 0.0426 | 0.0447 | |
Ev To Operating Cash Flow | (12.0) | 58.92 | 6.4 | (12.12) | 19.77 | 38.1 | |
Pe Ratio | (18.21) | 6.32 | 2.56 | (9.27) | 37.53 | 39.4 | |
Return On Tangible Assets | (0.0163) | (0.18) | 0.5 | 0.63 | 0.0423 | 0.0445 | |
Ev To Free Cash Flow | (11.91) | 61.5 | 6.88 | (11.52) | 21.54 | 22.62 | |
Earnings Yield | (0.0549) | 0.16 | 0.39 | (0.11) | 0.0266 | 0.028 | |
Net Debt To E B I T D A | 1.67 | (1.08) | (0.38) | 0.69 | (4.76) | (4.52) | |
Current Ratio | 35.4 | 58.21 | 11.43 | 117.93 | 165.3 | 173.56 | |
Tangible Book Value Per Share | 0.0874 | 0.2 | 0.63 | 0.56 | 0.58 | 0.61 | |
Receivables Turnover | 8.27 | 33.38 | 266.01 | 14.29 | 81.92 | 86.01 | |
Graham Number | 0.2 | 0.7 | 2.47 | 0.97 | 0.57 | 0.98 | |
Shareholders Equity Per Share | 0.0885 | 0.0874 | 0.2 | 0.63 | 0.56 | 0.58 | |
Capex Per Share | 1.94E-4 | 4.3E-4 | 0.009479 | 0.002844 | 0.003367 | 0.003198 |
Pair Trading with Globex Mining
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 Globex Mining 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 Globex Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Globex Stock
0.73 | AG | First Majestic Silver | PairCorr |
0.85 | IE | Ivanhoe Energy | PairCorr |
0.84 | FDY | Faraday Copper Corp | PairCorr |
Moving against Globex Stock
0.8 | HPQ | HPQ Silicon Resources | PairCorr |
0.66 | NG | NovaGold Resources | PairCorr |
0.51 | INFM | Infinico Metals Corp | PairCorr |
The ability to find closely correlated positions to Globex Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Globex Mining 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 Globex Mining - 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 Globex Mining Enterprises to buy it.
The correlation of Globex Mining 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 Globex Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Globex Mining Enterprises 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 Globex Mining 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 Globex Stock
Globex Mining EnterprisesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Globex Mining 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 Globex financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Globex Mining history.