Taseko Mines Return On Asset vs. Cash And Equivalents

TGB Stock  USD 2.02  0.06  2.88%   
Based on Taseko Mines' profitability indicators, Taseko Mines is performing exceptionally good at the present time. It has a great likelihood to showcase excellent profitability results in January. Profitability indicators assess Taseko Mines' ability to earn profits and add value for shareholders. The current year's Operating Cash Flow Sales Ratio is expected to grow to 0.30, whereas Price To Sales Ratio is forecasted to decline to 0.99. At present, Taseko Mines' Operating Income is projected to increase significantly based on the last few years of reporting. The current year's Income Before Tax is expected to grow to about 139.5 M, whereas Accumulated Other Comprehensive Income is forecasted to decline to about 13 M.
For Taseko Mines profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Taseko Mines to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Taseko Mines utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Taseko Mines's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Taseko Mines over time as well as its relative position and ranking within its peers.
  
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For information on how to trade Taseko Stock refer to our How to Trade Taseko Stock guide.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Taseko Mines. If investors know Taseko will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Taseko Mines listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.46)
Earnings Share
0.11
Revenue Per Share
2.008
Quarterly Revenue Growth
0.231
Return On Assets
0.0337
The market value of Taseko Mines is measured differently than its book value, which is the value of Taseko that is recorded on the company's balance sheet. Investors also form their own opinion of Taseko Mines' value that differs from its market value or its book value, called intrinsic value, which is Taseko Mines' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Taseko Mines' market value can be influenced by many factors that don't directly affect Taseko Mines' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Taseko Mines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Taseko Mines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Taseko Mines' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Taseko Mines Cash And Equivalents vs. Return On Asset Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Taseko Mines's current stock value. Our valuation model uses many indicators to compare Taseko Mines value to that of its competitors to determine the firm's financial worth.
Taseko Mines is rated fifth in return on asset category among its peers. It is rated below average in cash and equivalents category among its peers creating about  3,586,290,801  of Cash And Equivalents per Return On Asset. At present, Taseko Mines' Cash And Equivalents is projected to increase significantly based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Taseko Mines' earnings, one of the primary drivers of an investment's value.

Taseko Cash And Equivalents vs. Return On Asset

Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

Taseko Mines

Return On Asset

 = 

Net Income

Total Assets

 = 
0.0337
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.

Taseko Mines

Cash

 = 

Bank Deposits

+

Liquidities

 = 
120.86 M
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).

Taseko Cash And Equivalents Comparison

Taseko Mines is currently under evaluation in cash and equivalents category among its peers.

Taseko Mines Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Taseko Mines, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Taseko Mines will eventually generate negative long term returns. The profitability progress is the general direction of Taseko Mines' change in net profit over the period of time. It can combine multiple indicators of Taseko Mines, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income16.6 M13 M
Operating Income186.2 M195.6 M
Income Before Tax132.9 M139.5 M
Net Income82.7 M86.9 M
Income Tax Expense50.1 M52.7 M
Total Other Income Expense Net-53.4 M-50.7 M
Net Income From Continuing Ops13 M13.7 M
Net Loss-23.4 M-22.2 M
Interest Income2.7 M2.6 M
Net Interest Income-47.5 M-49.9 M
Change To Netincome69.4 M72.9 M
Net Income Per Share 0.28  0.29 
Income Quality 1.83  1.92 
Net Income Per E B T 0.62  0.59 

Taseko Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Taseko Mines. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Taseko Mines position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Taseko Mines' important profitability drivers and their relationship over time.

Use Taseko Mines in pair-trading

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 Taseko Mines 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 Taseko Mines will appreciate offsetting losses from the drop in the long position's value.

Taseko Mines Pair Trading

Taseko Mines Pair Trading Analysis

The ability to find closely correlated positions to Taseko Mines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taseko Mines 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 Taseko Mines - 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 Taseko Mines to buy it.
The correlation of Taseko Mines 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 Taseko Mines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Taseko 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 Taseko Mines 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Taseko Mines position

In addition to having Taseko Mines in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Artificial Intelligence
Artificial Intelligence Theme
Technology companies, funds, and ETFs across multiple industries that are involved in research or development in the field of reasoning, learning, natural language processing and perception as well as its application to science and commerce. This theme may also include entities involved in cybernetics and cognitive brain simulation field. The Artificial Intelligence theme has 42 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Artificial Intelligence Theme or any other thematic opportunities.
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When determining whether Taseko Mines offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Taseko Mines' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Taseko Mines Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Taseko Mines Stock:
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For information on how to trade Taseko Stock refer to our How to Trade Taseko Stock guide.
You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
To fully project Taseko Mines' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Taseko Mines at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Taseko Mines' income statement, its balance sheet, and the statement of cash flows.
Potential Taseko Mines investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Taseko Mines investors may work on each financial statement separately, they are all related. The changes in Taseko Mines's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Taseko Mines's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.