Orbit Historical Financial Ratios
| OGD Stock | CAD 0.85 0.05 6.25% |
Orbit Garant is promptly reporting on over 92 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 89.41 will help investors to properly organize and evaluate Orbit Garant Drilling financial condition quickly.
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About Orbit Financial Ratios Analysis
Orbit Garant DrillingFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Orbit Garant 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 Orbit financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Orbit Garant history.
Orbit Garant Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Orbit Garant Drilling stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Orbit Garant sales, a figure that is much harder to manipulate than other Orbit Garant Drilling 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.Dividend Yield
Dividend Yield is Orbit Garant Drilling dividend as a percentage of Orbit Garant stock price. Orbit Garant Drilling dividend yield is a measure of Orbit Garant stock productivity, which can be interpreted as interest rate earned on an Orbit Garant investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.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.Payout Ratio
Payout Ratio is the proportion of Orbit Garant Drilling earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Orbit Garant Drilling dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Orbit Garant Drilling is paying out more in dividends than it makes in net income.Most ratios from Orbit Garant's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Orbit Garant Drilling 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orbit Garant Drilling. 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, Orbit Garant's Days Of Inventory On Hand is very stable compared to the past year. As of the 29th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.12, while Price To Sales Ratio is likely to drop 0.13.
| 2021 | 2022 | 2023 (projected) | Days Sales Outstanding | 74.81 | 56.51 | 57.6 | PTB Ratio | 0.39 | 0.52 | 0.41 |
Orbit Garant fundamentals Correlations
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Orbit Garant Account Relationship Matchups
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Orbit Garant fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 0.46 | 0.24 | 0.14 | 0.12 | 0.16 | 0.13 | |
| Ptb Ratio | 0.47 | 0.29 | 0.55 | 0.39 | 0.52 | 0.41 | |
| Days Sales Outstanding | 59.86 | 93.51 | 74.81 | 56.51 | 57.6 | 89.41 | |
| Book Value Per Share | 1.84 | 1.9 | 1.67 | 1.65 | 1.61 | 2.49 | |
| Free Cash Flow Yield | (0.25) | (0.0549) | 0.0502 | 0.15 | 0.0195 | 0.0205 | |
| Operating Cash Flow Per Share | (0.018) | 0.25 | 0.26 | 0.16 | 0.38 | 0.3 | |
| Stock Based Compensation To Revenue | 0.001858 | 0.001421 | 0.001054 | 4.13E-4 | 8.06E-4 | 7.65E-4 | |
| Capex To Depreciation | 0.93 | 0.75 | 1.08 | 0.85 | 0.81 | 1.0 | |
| Pb Ratio | 0.47 | 0.29 | 0.55 | 0.39 | 0.52 | 0.41 | |
| Free Cash Flow Per Share | (0.0291) | 0.0522 | (0.16) | 0.13 | 0.0129 | 0.0135 | |
| Roic | (0.0608) | 0.012 | (0.0135) | (0.1) | (0.001301) | (0.001236) | |
| Inventory Turnover | 2.55 | 3.2 | 3.71 | 3.83 | 3.74 | 2.41 | |
| Net Income Per Share | (0.2) | 0.0619 | (0.18) | (0.0179) | (0.0352) | (0.0335) | |
| Days Of Inventory On Hand | 143.39 | 114.05 | 98.43 | 95.27 | 97.48 | 138.88 | |
| Payables Turnover | 5.52 | 6.77 | 4.69 | 5.41 | 6.61 | 6.01 | |
| Capex To Revenue | 0.076 | 0.0481 | 0.0614 | 0.047 | 0.0482 | 0.0778 | |
| Pocfratio | 2.09 | 3.93 | 4.15 | 2.21 | 2.67 | 2.81 | |
| Interest Coverage | (2.29) | 1.14 | (0.31) | 1.91 | (0.13) | (0.12) | |
| Capex To Operating Cash Flow | 1.11 | 0.8 | 2.05 | 0.66 | 0.95 | 1.0 | |
| Pfcf Ratio | (18.2) | 19.93 | (3.96) | 6.46 | 51.28 | 53.84 | |
| Days Payables Outstanding | 53.94 | 77.81 | 67.44 | 55.2 | 57.65 | 67.87 | |
| Income Quality | (1.32) | 2.06 | (1.72) | 33.46 | (1.83) | (1.74) | |
| Roe | (0.0453) | (0.11) | 0.0326 | (0.0109) | (0.0219) | (0.0208) | |
| Ev To Operating Cash Flow | 5.96 | 7.41 | 10.86 | 4.64 | 6.34 | 6.65 | |
| Pe Ratio | (2.67) | 16.8 | (3.65) | (47.48) | (18.73) | (19.67) | |
| Return On Tangible Assets | (0.0569) | 0.0166 | (0.0486) | (0.005257) | (0.011) | (0.0105) | |
| Ev To Free Cash Flow | (51.92) | 37.55 | (10.35) | 13.54 | 121.53 | 127.6 | |
| Earnings Yield | (0.37) | 0.0595 | (0.27) | (0.0211) | (0.0534) | (0.0561) | |
| Intangibles To Total Assets | 0.004529 | 0.001021 | 0.002335 | 0.00232 | 0.00176 | 0.001672 | |
| Net Debt To E B I T D A | 5.33 | 1.94 | 3.94 | 2.34 | 3.69 | 3.87 | |
| Current Ratio | 3.05 | 2.48 | 2.41 | 2.6 | 2.8 | 3.4 | |
| Tangible Book Value Per Share | 1.82 | 1.89 | 1.66 | 1.64 | 1.61 | 1.54 | |
| Receivables Turnover | 6.1 | 3.9 | 4.88 | 6.46 | 6.34 | 3.74 | |
| Shareholders Equity Per Share | 1.84 | 1.9 | 1.67 | 1.65 | 1.61 | 2.49 |
Pair Trading with Orbit Garant
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 Orbit Garant 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 Orbit Garant will appreciate offsetting losses from the drop in the long position's value.Moving together with Orbit Stock
Moving against Orbit Stock
| 0.6 | ORE | Orezone Gold Corp | PairCorr |
| 0.53 | INFM | Infinico Metals Corp | PairCorr |
| 0.39 | VZ | Verizon Communications | PairCorr |
The ability to find closely correlated positions to Orbit Garant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Orbit Garant 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 Orbit Garant - 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 Orbit Garant Drilling to buy it.
The correlation of Orbit Garant 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 Orbit Garant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orbit Garant Drilling 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 Orbit Garant 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 Orbit Stock
Orbit Garant DrillingFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Orbit Garant 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 Orbit financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Orbit Garant history.