| LN Stock | | | CAD 0.48 0.02 4.35% |
Loncor Resources financial indicator trend analysis is infinitely more than just investigating Loncor Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Loncor Resources is a good investment. Please check the relationship between Loncor Resources Invested Capital and its Price To Sales Ratio accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Loncor Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Invested Capital vs Price To Sales Ratio
Invested Capital vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Loncor Resources Invested Capital account and
Price To Sales Ratio. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Loncor Resources' Invested Capital and Price To Sales Ratio is 0.46. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Loncor Resources, assuming nothing else is changed. The correlation between historical values of Loncor Resources' Invested Capital and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Invested Capital of Loncor Resources are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Invested Capital i.e., Loncor Resources' Invested Capital and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | 0.46 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to Loncor Resources. There are two different methods for calculating Loncor Resources invested capital: operating approach and financing approach. Understanding Loncor Resources invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Loncor Resources stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Loncor Resources sales, a figure that is much harder to manipulate than other Loncor Resources 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.
Most indicators from Loncor Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Loncor Resources current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, 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 Loncor Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
As of the 4th of December 2024,
Sales General And Administrative To Revenue is likely to grow to 595.18, while
Selling General Administrative is likely to drop about 711.5
K.
Loncor Resources fundamental ratios Correlations
Click cells to compare fundamentals
Loncor Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Loncor Resources fundamental ratios Accounts
Other Information on Investing in Loncor Stock
Balance Sheet is a snapshot of the
financial position of Loncor Resources at a specified time, usually calculated after every quarter, six months, or one year. Loncor Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Loncor Resources and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Loncor currently owns. An asset can also be divided into two categories, current and non-current.