Wesdome Historical Financial Ratios
| WDO Stock | CAD 12.23 0.02 0.16% |
Wesdome Gold is currently 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 Price To Sales Ratio of 3.25, Dividend Yield of 0.0139, PTB Ratio of 1.77 or Days Sales Outstanding of 13.46 will help investors to properly organize and evaluate Wesdome Gold Mines financial condition quickly.
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About Wesdome Financial Ratios Analysis
Wesdome Gold MinesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Wesdome Gold 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 Wesdome financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Wesdome Gold history.
Wesdome Gold Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Wesdome Gold Mines stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Wesdome Gold sales, a figure that is much harder to manipulate than other Wesdome Gold Mines 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 Wesdome Gold Mines dividend as a percentage of Wesdome Gold stock price. Wesdome Gold Mines dividend yield is a measure of Wesdome Gold stock productivity, which can be interpreted as interest rate earned on an Wesdome Gold 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.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.Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities.Most ratios from Wesdome Gold's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Wesdome Gold Mines 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wesdome Gold Mines. 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, Wesdome Gold's ROIC is very stable compared to the past year. As of the 1st of December 2024, Inventory Turnover is likely to grow to 12.19, while Price To Sales Ratio is likely to drop 3.25.
| 2023 | 2024 (projected) | Dividend Yield | 0.0153 | 0.0139 | Price To Sales Ratio | 3.42 | 3.25 |
Wesdome Gold fundamentals Correlations
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Wesdome Gold Account Relationship Matchups
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Wesdome Gold fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 8.49 | 6.85 | 6.14 | 4.01 | 3.42 | 3.25 | |
| Ptb Ratio | 6.74 | 5.62 | 4.08 | 2.67 | 2.66 | 1.77 | |
| Book Value Per Share | 1.51 | 1.89 | 2.82 | 2.8 | 2.89 | 3.04 | |
| Free Cash Flow Yield | 0.008843 | 0.0229 | (0.007754) | (0.0758) | 2.8E-4 | 2.94E-4 | |
| Operating Cash Flow Per Share | 0.52 | 0.74 | 0.93 | 0.46 | 0.69 | 0.72 | |
| Stock Based Compensation To Revenue | 0.0182 | 0.0129 | 0.009905 | 0.0125 | 0.0123 | 0.0101 | |
| Capex To Depreciation | 3.2 | 3.39 | (2.04) | 3.28 | 1.05 | 1.36 | |
| Pb Ratio | 6.74 | 5.62 | 4.08 | 2.67 | 2.66 | 1.77 | |
| Ev To Sales | 8.36 | 6.61 | 5.98 | 4.13 | 3.42 | 3.25 | |
| Free Cash Flow Per Share | 0.0899 | 0.24 | (0.0893) | (0.57) | 0.002161 | 0.002269 | |
| Roic | 0.19 | 0.2 | 0.18 | 0.22 | 0.0127 | 0.0133 | |
| Inventory Turnover | 4.82 | 10.07 | 8.13 | 9.69 | 10.53 | 12.19 | |
| Days Of Inventory On Hand | 75.72 | 36.24 | 44.91 | 37.66 | 34.66 | 49.16 | |
| Payables Turnover | 6.75 | 8.17 | 4.46 | 4.56 | 9.33 | 9.8 | |
| Sales General And Administrative To Revenue | 0.0589 | 0.0472 | 0.0503 | 0.057 | 0.0709 | 0.0447 | |
| Cash Per Share | 0.23 | 0.31 | 0.26 | 0.46 | 0.4 | 0.28 | |
| Pocfratio | 19.59 | 14.44 | 12.32 | 16.33 | 11.23 | 9.6 | |
| Interest Coverage | 87.28 | 70.67 | 85.66 | 8.71 | 1.17 | 1.12 | |
| Capex To Operating Cash Flow | 0.83 | 0.67 | 1.1 | 2.24 | 1.0 | 1.29 | |
| Pfcf Ratio | 113.08 | 43.62 | (128.96) | (13.19) | 3.6K | 3.7K | |
| Days Payables Outstanding | 54.09 | 44.7 | 81.85 | 79.97 | 39.12 | 37.17 | |
| Income Quality | 1.74 | 2.02 | 1.0 | (4.43) | (16.38) | (15.56) | |
| Roe | 0.2 | 0.19 | 0.33 | (0.0369) | (0.0145) | (0.0152) | |
| Ev To Operating Cash Flow | 19.28 | 13.93 | 12.0 | 16.81 | 11.24 | 9.38 | |
| Pe Ratio | 34.01 | 29.12 | 12.29 | (72.43) | (183.95) | (174.75) | |
| Ev To Free Cash Flow | 111.27 | 42.08 | (125.59) | (13.57) | 3.6K | 3.7K | |
| Earnings Yield | 0.0294 | 0.0343 | 0.0814 | (0.0138) | (0.005436) | (0.005708) | |
| Net Debt To E B I T D A | (0.26) | (0.5) | (0.19) | 0.66 | 0.0117 | 0.0122 | |
| Current Ratio | 2.16 | 2.78 | 1.74 | 0.67 | 0.92 | 0.88 | |
| Tangible Book Value Per Share | 1.51 | 1.89 | 2.82 | 2.8 | 2.89 | 3.04 | |
| Graham Number | 3.19 | 3.94 | 7.71 | 2.55 | 1.65 | 1.78 |
Pair Trading with Wesdome Gold
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 Wesdome Gold 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 Wesdome Gold will appreciate offsetting losses from the drop in the long position's value.Moving against Wesdome Stock
| 0.57 | GOOG | Alphabet CDR | PairCorr |
| 0.52 | AMZN | Amazon CDR | PairCorr |
| 0.48 | XOM | EXXON MOBIL CDR | PairCorr |
| 0.45 | WMT | Walmart Inc CDR | PairCorr |
| 0.42 | FDY | Faraday Copper Corp | PairCorr |
The ability to find closely correlated positions to Wesdome Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wesdome Gold 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 Wesdome Gold - 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 Wesdome Gold Mines to buy it.
The correlation of Wesdome Gold 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 Wesdome Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wesdome Gold Mines 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 Wesdome Gold 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 Wesdome Stock
Wesdome Gold MinesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Wesdome Gold 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 Wesdome financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Wesdome Gold history.