NextSource Historical Financial Ratios
| NEXT Stock | CAD 0.52 0.02 4.00% |
NextSource Materials is lately reporting on over 92 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 Days Sales Outstanding of 0.0 will help investors to properly organize and evaluate NextSource Materials financial condition quickly.
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About NextSource Financial Ratios Analysis
NextSource MaterialsFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate NextSource Materials 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 NextSource financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across NextSource Materials history.
NextSource Materials Financial Ratios Chart
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Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.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 NextSource Materials' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into NextSource Materials 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NextSource Materials. 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, NextSource Materials' Average Inventory is very stable compared to the past year. As of the 28th of November 2024, Days Payables Outstanding is likely to grow to about 6.5 M, while Book Value Per Share is likely to drop 0.29.
NextSource Materials fundamentals Correlations
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NextSource Materials Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NextSource Materials fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Ptb Ratio | (17.06) | (5.43) | (53.29) | 6.7 | 2.01 | 2.11 | |
| Book Value Per Share | (0.0173) | (0.39) | (0.0309) | 0.21 | 0.34 | 0.29 | |
| Free Cash Flow Yield | (0.0854) | (0.0406) | (0.0894) | (0.12) | (0.2) | (0.21) | |
| Operating Cash Flow Per Share | (0.0251) | (0.0214) | (0.0165) | (0.0601) | (0.0581) | (0.061) | |
| Average Payables | 164.9K | 310.3K | 600.3K | 1.0M | 916.8K | 962.7K | |
| Pb Ratio | (17.06) | (5.43) | (53.29) | 6.7 | 2.01 | 2.11 | |
| Free Cash Flow Per Share | (0.0453) | (0.0251) | (0.0863) | (0.15) | (0.18) | (0.14) | |
| Roic | 1.53 | 0.21 | 0.69 | (0.17) | (0.14) | (0.15) | |
| Net Income Per Share | (0.0186) | (0.63) | (0.22) | (0.0996) | (0.0588) | (0.0617) | |
| Cash Per Share | 0.004217 | 0.34 | 0.0987 | 0.0587 | 0.0703 | 0.0668 | |
| Pocfratio | (11.72) | (99.32) | (99.94) | (23.97) | (11.84) | (12.43) | |
| Pfcf Ratio | (11.72) | (24.65) | (11.19) | (8.22) | (5.0) | (5.25) | |
| Income Quality | 1.36 | 0.034 | (0.1) | 0.6 | 1.02 | 0.56 | |
| Roe | 1.07 | 1.61 | 7.0 | (0.46) | (0.17) | (0.18) | |
| Ev To Operating Cash Flow | (11.58) | (83.62) | (94.16) | (24.63) | (13.01) | (13.67) | |
| Pe Ratio | (15.87) | (3.37) | (7.61) | (14.47) | (11.7) | (12.28) | |
| Return On Tangible Assets | (3.58) | (1.56) | (0.73) | (0.22) | (0.0969) | (0.1) | |
| Ev To Free Cash Flow | (11.58) | (20.76) | (10.54) | (8.44) | (5.5) | (5.77) | |
| Earnings Yield | (0.063) | (0.3) | (0.13) | (0.0691) | (0.0855) | (0.0898) | |
| Tangible Book Value Per Share | (0.0173) | (0.39) | (0.0309) | 0.21 | 0.34 | 0.29 | |
| Graham Number | 0.0849 | 2.36 | 0.39 | 0.69 | 0.67 | 0.64 | |
| Shareholders Equity Per Share | (0.0173) | (0.39) | (0.0309) | 0.21 | 0.34 | 0.29 | |
| Graham Net Net | (0.0152) | (0.0182) | (0.46) | (0.23) | (0.18) | (0.19) | |
| Price Earnings Ratio | (15.87) | (3.37) | (7.61) | (14.47) | (11.7) | (12.28) | |
| Price Book Value Ratio | (17.06) | (5.43) | (53.29) | 6.7 | 2.01 | 2.11 | |
| Price Earnings To Growth Ratio | 0.23 | (0.001025) | 0.12 | 0.26 | 0.29 | 0.3 |
Pair Trading with NextSource Materials
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 NextSource Materials 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 NextSource Materials will appreciate offsetting losses from the drop in the long position's value.Moving together with NextSource Stock
Moving against NextSource Stock
| 0.87 | BBUC | Brookfield Business Corp | PairCorr |
| 0.77 | FDY | Faraday Copper Corp | PairCorr |
| 0.73 | IE | Ivanhoe Energy | PairCorr |
| 0.73 | FGAA-U | FG Acquisition Corp | PairCorr |
| 0.69 | RBA | Ritchie Bros Auctioneers | PairCorr |
The ability to find closely correlated positions to NextSource Materials could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NextSource Materials 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 NextSource Materials - 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 NextSource Materials to buy it.
The correlation of NextSource Materials 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 NextSource Materials moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NextSource Materials 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 NextSource Materials 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 NextSource Stock
NextSource MaterialsFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate NextSource Materials 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 NextSource financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across NextSource Materials history.