Nevada Financial Statements From 2010 to 2024
| NKGFF Stock | USD 0.22 0.01 4.35% |
Check Nevada King financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Nevada King's main balance sheet or income statement drivers, such as , as well as many indicators such as . Nevada financial statements analysis is a perfect complement when working with Nevada King Valuation or Volatility modules.
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Nevada King Gold Company Return On Equity Analysis
Nevada King's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Nevada King Return On Equity | -0.17 |
Most of Nevada King's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Nevada King Gold is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Based on the latest financial disclosure, Nevada King Gold has a Return On Equity of -0.1691. This is 118.58% lower than that of the Basic Materials sector and significantly lower than that of the Other Industrial Metals & Mining industry. The return on equity for all United States stocks is 45.45% lower than that of the firm.
Nevada King Gold Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Nevada King's current stock value. Our valuation model uses many indicators to compare Nevada King value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nevada King competition to find correlations between indicators driving Nevada King's intrinsic value. More Info.Nevada King Gold is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers . 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 Nevada King's earnings, one of the primary drivers of an investment's value.About Nevada King Financial Statements
Nevada King stakeholders use historical fundamental indicators, such as Nevada King's revenue or net income, to determine how well the company is positioned to perform in the future. Although Nevada King investors may analyze each financial statement separately, they are all interrelated. For example, changes in Nevada King's assets and liabilities are reflected in the revenues and expenses on Nevada King's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Nevada King Gold. Please read more on our technical analysis and fundamental analysis pages.
Nevada King Gold Corp engages in the acquisition, exploration, and evaluation of resource properties in Nevada. The company was formerly known as Victory Metals Inc. and changed its name to Nevada King Gold Corp in April 2021. Nevada King is traded on OTC Exchange in the United States.
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Other Information on Investing in Nevada Pink Sheet
Nevada King financial ratios help investors to determine whether Nevada Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nevada with respect to the benefits of owning Nevada King security.