Africa Historical Financial Ratios
| AOI Stock | CAD 1.97 0.01 0.51% |
Africa Oil is presently reporting on over 91 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 Dividend Yield of 0.029, PTB Ratio of 1.07 or Days Sales Outstanding of 0.0 will help investors to properly organize and evaluate Africa Oil Corp financial condition quickly.
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About Africa Financial Ratios Analysis
Africa Oil CorpFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Africa Oil 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 Africa financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Africa Oil history.
Africa Oil Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Africa Oil Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Africa Oil sales, a figure that is much harder to manipulate than other Africa Oil Corp 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 Africa Oil Corp dividend as a percentage of Africa Oil stock price. Africa Oil Corp dividend yield is a measure of Africa Oil stock productivity, which can be interpreted as interest rate earned on an Africa Oil 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.Stock Based Compensation To Revenue
A metric that compares the total value of stock-based compensation granted by a company to its total revenue, indicating how much of the revenue is used to compensate employees with stock options or awards.Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.Research And Ddevelopement To Revenue
The ratio of a company's research and development expenses to its total revenue, indicating how much of the revenue is invested back into developing new products or services.Payout Ratio
Payout Ratio is the proportion of Africa Oil Corp earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Africa Oil Corp dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Africa Oil Corp is paying out more in dividends than it makes in net income.Most ratios from Africa Oil's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Africa Oil Corp 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Africa Oil Corp. 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, Africa Oil's Return On Tangible Assets are very stable compared to the past year. As of the 1st of December 2024, Earnings Yield is likely to grow to 0.0001, while Book Value Per Share is likely to drop 1.16.
| 2010 | 2023 | 2024 (projected) | Payables Turnover | 0.46 | 1.19 | 1.25 | Days Of Inventory On Hand | 2.7K | 2.5K | 2.2K |
Africa Oil fundamentals Correlations
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Africa Oil Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Africa Oil
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 Africa Oil 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 Africa Oil will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Africa Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Africa Oil 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 Africa Oil - 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 Africa Oil Corp to buy it.
The correlation of Africa Oil 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 Africa Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Africa Oil Corp 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 Africa Oil 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 Africa Stock
Africa Oil CorpFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Africa Oil 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 Africa financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Africa Oil history.