Torq Price To Sales Ratio vs Book Value Per Share Analysis
TORQ Stock | CAD 0.06 0.01 14.29% |
Torq Resources financial indicator trend analysis is much more than just breaking down Torq Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Torq Resources is a good investment. Please check the relationship between Torq Resources Price To Sales Ratio and its Book Value Per Share accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Torq 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 producer price index.
Price To Sales Ratio vs Book Value Per Share
Price To Sales Ratio vs Book Value Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Torq Resources Price To Sales Ratio account and Book Value Per Share. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Torq Resources' Price To Sales Ratio and Book Value Per Share is 0.14. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Torq Resources, assuming nothing else is changed. The correlation between historical values of Torq Resources' Price To Sales Ratio and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Torq Resources are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Price To Sales Ratio i.e., Torq Resources' Price To Sales Ratio and Book Value Per Share go up and down completely randomly.
Correlation Coefficient | 0.14 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Torq Resources stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Torq Resources sales, a figure that is much harder to manipulate than other Torq 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.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 indicators from Torq Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Torq Resources current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Torq 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 producer price index. At this time, Torq Resources' Selling General Administrative is fairly stable compared to the past year. Tax Provision is expected to grow at the current pace this year, despite the fact that Enterprise Value Over EBITDA is likely to grow to (1.31).
Torq Resources fundamental ratios Correlations
Click cells to compare fundamentals
Torq Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Torq Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 11.1M | 9.1M | 4.0M | 15.6M | 4.2M | 5.1M | |
Total Current Liabilities | 219.3K | 202.9K | 676.5K | 1.6M | 1.2M | 1.3M | |
Total Stockholder Equity | 10.8M | 8.9M | 3.3M | 12.0M | 1.0M | 986.0K | |
Net Debt | (10.8M) | (8.7M) | (1.9M) | (10.5M) | 1.5M | 1.6M | |
Retained Earnings | (46.6M) | (48.7M) | (55.1M) | (66.9M) | (86.1M) | (81.8M) | |
Cash | 10.8M | 8.7M | 1.9M | 12.5M | 488.0K | 463.6K | |
Cash And Short Term Investments | 10.8M | 8.7M | 1.9M | 12.5M | 488.0K | 463.6K | |
Liabilities And Stockholders Equity | 11.1M | 9.1M | 4.0M | 15.6M | 4.2M | 5.1M | |
Non Current Liabilities Total | 151.0K | 68.2K | 0.0 | 2.0M | 2.0M | 2.1M | |
Total Liab | 219.3K | 202.9K | 676.5K | 3.6M | 3.2M | 3.3M | |
Total Current Assets | 11.1M | 9.1M | 2.7M | 13.0M | 1.1M | 1.0M | |
Other Current Liab | 219.3K | 202.9K | 676.5K | 1.6M | 1.2M | 1.3M | |
Accounts Payable | 50.4K | 42.9K | 81.3K | 676.5K | 778.0K | 816.9K | |
Other Stockholder Equity | 8.4M | 8.6M | 9.4M | 10.6M | 12.2M | 16.0M | |
Other Current Assets | 187.8K | 303.8K | 664.4K | 466.1K | 559.0K | 587.0K | |
Accumulated Other Comprehensive Income | (19.0) | (1.3K) | (52.3K) | 89.8K | 14.0M | 14.7M | |
Net Receivables | 24.9K | 43.0K | 150.3K | 65.9K | 37.1K | 35.3K | |
Net Tangible Assets | 10.8M | 8.9M | 3.3M | 12.0M | 13.8M | 7.6M | |
Net Invested Capital | 10.8M | 8.9M | 3.3M | 14.0M | 3.0M | 2.9M | |
Net Working Capital | 10.8M | 8.9M | 2.0M | 11.4M | (114.8K) | (109.1K) |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Torq Stock Analysis
When running Torq Resources' price analysis, check to measure Torq Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Torq Resources is operating at the current time. Most of Torq Resources' value examination focuses on studying past and present price action to predict the probability of Torq Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Torq Resources' price. Additionally, you may evaluate how the addition of Torq Resources to your portfolios can decrease your overall portfolio volatility.