Major Historical Financial Ratios
| MDI Stock | CAD 7.92 0.22 2.70% |
Major Drilling is lately reporting on over 93 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 60.46 will help investors to properly organize and evaluate Major Drilling Group financial condition quickly.
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About Major Financial Ratios Analysis
Major Drilling GroupFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Major Drilling 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 Major financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Major Drilling history.
Major Drilling Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Major Drilling Group stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Major Drilling sales, a figure that is much harder to manipulate than other Major Drilling Group 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 Major Drilling Group dividend as a percentage of Major Drilling stock price. Major Drilling Group dividend yield is a measure of Major Drilling stock productivity, which can be interpreted as interest rate earned on an Major Drilling 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.Most ratios from Major Drilling's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Major Drilling Group 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Major Drilling Group. 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, Major Drilling's ROIC is very stable compared to the past year. As of the 29th of March 2025, Net Income Per Share is likely to grow to 0.78, while Price To Sales Ratio is likely to drop 0.98.
| 2024 | 2025 (projected) | Dividend Yield | 0.004632 | 0.004401 | Price To Sales Ratio | 1.0 | 0.98 |
Major Drilling fundamentals Correlations
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Major Drilling Account Relationship Matchups
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Major Drilling fundamentals Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Price To Sales Ratio | 1.3 | 1.47 | 1.22 | 1.11 | 1.0 | 0.98 | |
| Ptb Ratio | 0.96 | 2.01 | 2.65 | 1.98 | 1.43 | 1.33 | |
| Days Sales Outstanding | 91.69 | 81.18 | 69.44 | 65.11 | 58.6 | 60.46 | |
| Book Value Per Share | 3.47 | 4.37 | 5.46 | 6.0 | 5.4 | 3.31 | |
| Free Cash Flow Yield | 0.005588 | 0.0471 | 0.0608 | 0.0489 | 0.044 | 0.0462 | |
| Operating Cash Flow Per Share | 0.43 | 1.15 | 1.37 | 1.36 | 1.22 | 1.29 | |
| Stock Based Compensation To Revenue | 6.85E-4 | 5.67E-4 | 6.9E-4 | 3.92E-4 | 4.51E-4 | 4.28E-4 | |
| Capex To Depreciation | 0.8 | 1.14 | 1.24 | 1.42 | 1.64 | 1.74 | |
| Pb Ratio | 0.96 | 2.01 | 2.65 | 1.98 | 1.43 | 1.33 | |
| Ev To Sales | 1.3 | 1.44 | 1.12 | 0.98 | 0.89 | 1.0 | |
| Roic | 0.0344 | 0.0303 | 0.13 | 0.15 | 0.12 | 0.14 | |
| Inventory Turnover | 4.3 | 5.28 | 4.85 | 5.01 | 4.51 | 3.18 | |
| Net Income Per Share | 0.12 | 0.65 | 0.9 | 0.64 | 0.74 | 0.78 | |
| Days Of Inventory On Hand | 84.89 | 69.18 | 75.19 | 72.87 | 83.8 | 106.93 | |
| Payables Turnover | 5.04 | 4.98 | 5.47 | 6.44 | 5.79 | 4.3 | |
| Sales General And Administrative To Revenue | 0.1 | 0.0825 | 0.0831 | 0.0975 | 0.11 | 0.13 | |
| Capex To Revenue | 0.0662 | 0.0783 | 0.0724 | 0.0768 | 0.0798 | 0.12 | |
| Cash Per Share | 0.28 | 0.87 | 1.14 | 1.17 | 1.05 | 1.1 | |
| Pocfratio | 16.34 | 10.07 | 7.92 | 7.03 | 6.32 | 6.64 | |
| Interest Coverage | (0.95) | 8.97 | 11.04 | 43.84 | 50.42 | 52.94 | |
| Capex To Operating Cash Flow | 0.91 | 0.53 | 0.52 | 0.66 | 0.59 | 0.62 | |
| Pfcf Ratio | 178.97 | 21.25 | 16.44 | 20.45 | 23.51 | 24.69 | |
| Days Payables Outstanding | 72.49 | 73.33 | 66.71 | 56.7 | 65.21 | 76.92 | |
| Income Quality | 2.54 | 1.39 | 1.16 | 2.11 | 1.9 | 1.99 | |
| Roe | (0.24) | 0.0358 | 0.15 | 0.11 | 0.12 | 0.13 | |
| Ev To Operating Cash Flow | 16.25 | 9.9 | 7.31 | 6.21 | 5.59 | 5.87 | |
| Pe Ratio | 56.1 | 17.86 | 11.96 | 14.83 | 13.35 | 14.01 | |
| Return On Tangible Assets | (0.17) | 0.0264 | 0.1 | 0.13 | 0.0904 | 0.11 | |
| Ev To Free Cash Flow | 177.97 | 20.9 | 15.18 | 18.07 | 20.78 | 21.82 | |
| Earnings Yield | 0.0178 | 0.056 | 0.0836 | 0.0674 | 0.0776 | 0.0814 | |
| Intangibles To Total Assets | 0.0213 | 0.0492 | 0.0425 | 0.0405 | 0.0365 | 0.0506 | |
| Net Debt To E B I T D A | (0.0605) | (0.14) | (0.47) | (0.73) | (0.66) | (0.69) | |
| Current Ratio | 2.94 | 2.73 | 3.15 | 3.4 | 3.06 | 2.15 | |
| Tangible Book Value Per Share | 3.37 | 4.04 | 5.15 | 5.7 | 5.13 | 3.06 | |
| Receivables Turnover | 3.98 | 4.5 | 5.26 | 5.61 | 6.45 | 5.49 | |
| Shareholders Equity Per Share | 3.47 | 4.37 | 5.46 | 6.0 | 5.4 | 3.31 |
Pair Trading with Major Drilling
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 Major Drilling 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 Major Drilling will appreciate offsetting losses from the drop in the long position's value.Moving against Major Stock
| 0.66 | FDY | Faraday Copper Corp | PairCorr |
| 0.57 | AG | First Majestic Silver | PairCorr |
| 0.54 | VZ | Verizon Communications | PairCorr |
| 0.51 | BRK | Berkshire Hathaway CDR | PairCorr |
The ability to find closely correlated positions to Major Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Major Drilling 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 Major Drilling - 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 Major Drilling Group to buy it.
The correlation of Major Drilling 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 Major Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Major Drilling Group 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 Major Drilling 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 Major Stock
Major Drilling GroupFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Major Drilling 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 Major financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Major Drilling history.