China Historical Financial Ratios
| CGG Stock | CAD 6.79 0.17 2.44% |
China Gold is presently reporting on over 95 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 0.0579, PTB Ratio of 0.94 or Days Sales Outstanding of 1.03 will help investors to properly organize and evaluate China Gold International financial condition quickly.
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About China Financial Ratios Analysis
China Gold InternationalFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate China 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 China financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across China Gold history.
China Gold Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing China Gold International stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on China Gold sales, a figure that is much harder to manipulate than other China Gold International 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 China Gold International dividend as a percentage of China Gold stock price. China Gold International dividend yield is a measure of China Gold stock productivity, which can be interpreted as interest rate earned on an China 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.Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.Free Cash Flow Per Share
The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.Most ratios from China Gold's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into China Gold International 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 China Gold International. 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, China Gold's Research And Ddevelopement To Revenue is very stable compared to the past year. As of the 21st of December 2024, Cash Per Share is likely to grow to 0.35, while Price To Sales Ratio is likely to drop 3.50.
| 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0853 | 0.0867 | 0.0579 | Price To Sales Ratio | 1.05 | 3.68 | 3.5 |
China Gold fundamentals Correlations
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China Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
China Gold fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 0.55 | 0.66 | 0.94 | 1.05 | 3.68 | 3.5 | |
| Ptb Ratio | 0.25 | 0.36 | 0.59 | 0.62 | 0.99 | 0.94 | |
| Days Sales Outstanding | 14.44 | 15.11 | 8.32 | 2.88 | 1.08 | 1.03 | |
| Free Cash Flow Yield | 0.0759 | 0.19 | 0.25 | 0.35 | (0.0354) | (0.0372) | |
| Operating Cash Flow Per Share | 0.4 | 0.66 | 1.05 | 1.13 | 0.003971 | 0.003772 | |
| Capex To Depreciation | 0.88 | 0.75 | 0.81 | 0.22 | 0.51 | 0.48 | |
| Pb Ratio | 0.25 | 0.36 | 0.59 | 0.62 | 0.99 | 0.94 | |
| Ev To Sales | 2.17 | 1.8 | 1.61 | 1.42 | 5.14 | 9.45 | |
| Free Cash Flow Per Share | 0.0698 | 0.28 | 0.66 | 1.01 | (0.15) | (0.16) | |
| Roic | 0.0112 | 0.05 | 0.1 | 0.0955 | 0.0159 | 0.0167 | |
| Inventory Turnover | 2.13 | 2.21 | 2.46 | 2.45 | 1.3 | 1.24 | |
| Net Income Per Share | (0.0811) | 0.28 | 0.67 | 0.56 | (0.0643) | (0.0611) | |
| Days Of Inventory On Hand | 171.62 | 165.05 | 148.22 | 149.01 | 280.73 | 153.75 | |
| Payables Turnover | 4.44 | 6.03 | 8.07 | 10.21 | 20.09 | 21.1 | |
| Sales General And Administrative To Revenue | 0.069 | 0.0376 | 0.0346 | 0.0401 | 0.0848 | 0.0805 | |
| Research And Ddevelopement To Revenue | 0.0257 | 0.0214 | 0.0232 | 0.023 | 0.019 | 0.0253 | |
| Pocfratio | 2.3 | 2.19 | 2.56 | 2.6 | 1.1K | 1.1K | |
| Interest Coverage | 0.57 | 3.89 | 10.87 | 12.48 | 1.51 | 1.58 | |
| Capex To Operating Cash Flow | 0.83 | 0.58 | 0.37 | 0.1 | 39.05 | 41.01 | |
| Pfcf Ratio | 13.18 | 5.23 | 4.06 | 2.89 | (28.25) | (29.66) | |
| Days Payables Outstanding | 82.12 | 60.5 | 45.22 | 35.76 | 18.17 | 17.26 | |
| Income Quality | (6.37) | 2.08 | 1.34 | 1.62 | (0.0843) | (0.0885) | |
| Roe | (0.0224) | 0.0709 | 0.15 | 0.12 | (0.0149) | (0.0157) | |
| Ev To Operating Cash Flow | 9.01 | 5.96 | 4.39 | 3.51 | 1.5K | 1.6K | |
| Pe Ratio | (11.34) | 5.1 | 3.99 | 5.22 | (66.36) | (63.04) | |
| Return On Tangible Assets | (0.0101) | 0.0337 | 0.0821 | 0.0697 | (0.008996) | (0.009445) | |
| Ev To Free Cash Flow | 51.57 | 14.24 | 6.96 | 3.91 | (39.45) | (41.42) | |
| Earnings Yield | (0.0882) | 0.2 | 0.25 | 0.19 | (0.0151) | (0.0143) | |
| Intangibles To Total Assets | 0.004847 | 0.004514 | 7.75E-4 | 3.61E-4 | 4.15E-4 | 3.94E-4 | |
| Net Debt To E B I T D A | 5.61 | 2.79 | 1.5 | 0.77 | 5.4 | 5.67 | |
| Current Ratio | 0.56 | 1.32 | 1.58 | 1.15 | 1.56 | 1.48 | |
| Tangible Book Value Per Share | 3.66 | 4.02 | 4.62 | 4.8 | 4.36 | 4.58 | |
| Receivables Turnover | 25.28 | 24.16 | 43.89 | 126.74 | 337.57 | 354.45 | |
| Graham Number | 2.57 | 5.03 | 8.34 | 7.75 | 2.5 | 2.04 |
Pair Trading with China 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 China 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 China Gold will appreciate offsetting losses from the drop in the long position's value.Moving against China Stock
| 0.52 | MAC | Themac Resources | PairCorr |
| 0.51 | PIC-A | Premium Income Split | PairCorr |
| 0.5 | ORE | Orezone Gold Corp | PairCorr |
| 0.49 | INFM | Infinico Metals Corp | PairCorr |
The ability to find closely correlated positions to China 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 China 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 China 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 China Gold International to buy it.
The correlation of China 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 China Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Gold International 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 China 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 China Stock
China Gold InternationalFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate China 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 China financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across China Gold history.