New Historical Financial Ratios
| NGD Stock | CAD 4.07 0.31 7.08% |
New Gold is lately reporting on over 99 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 4.5 will help investors to properly organize and evaluate New Gold financial condition quickly.
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About New Financial Ratios Analysis
New GoldFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate New 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 New financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across New Gold history.
New Gold Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing New Gold stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on New Gold sales, a figure that is much harder to manipulate than other New Gold 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.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.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Income Quality
An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.Most ratios from New Gold's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into New Gold 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 New Gold. 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. To learn how to invest in New Stock, please use our How to Invest in New Gold guide.At this time, New Gold's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 13th of December 2024, Average Inventory is likely to grow to about 18.6 M, while Price To Sales Ratio is likely to drop 1.21.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 14.74 | 2.66 | 4.73 | 4.5 | PTB Ratio | 1.07 | 0.7 | 1.27 | 1.21 |
New Gold fundamentals Correlations
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New Gold Account Relationship Matchups
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New Gold fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 0.85 | 2.3 | 1.37 | 1.11 | 1.27 | 1.21 | |
| Days Sales Outstanding | 16.21 | 46.01 | 14.74 | 2.66 | 4.73 | 4.5 | |
| Book Value Per Share | 1.57 | 1.17 | 1.4 | 1.41 | 1.15 | 1.1 | |
| Free Cash Flow Yield | 0.019 | 0.007157 | 0.0748 | (0.15) | 0.0217 | 0.0228 | |
| Operating Cash Flow Per Share | 0.61 | 0.42 | 0.43 | 0.44 | 0.48 | 0.28 | |
| Stock Based Compensation To Revenue | 0.004282 | 0.00373 | 0.002012 | 0.001655 | 0.0108 | 0.009936 | |
| Capex To Depreciation | 1.01 | 0.96 | 1.86 | 1.5 | 1.72 | 1.63 | |
| Ev To Sales | 1.89 | 2.8 | 1.4 | 1.43 | 1.54 | 1.46 | |
| Free Cash Flow Per Share | 0.0167 | 0.0157 | 0.11 | (0.15) | 0.0317 | 0.0333 | |
| Roic | (0.009388) | 0.0668 | 0.0832 | (0.0139) | 0.057 | 0.0599 | |
| Inventory Turnover | 5.57 | 5.71 | 5.67 | 4.55 | 5.4 | 5.13 | |
| Days Of Inventory On Hand | 65.55 | 63.89 | 64.34 | 80.24 | 67.55 | 98.43 | |
| Payables Turnover | 15.43 | 12.81 | 11.02 | 8.52 | 10.68 | 9.74 | |
| Sales General And Administrative To Revenue | 0.0395 | 0.0306 | 0.0361 | 0.0322 | 0.038 | 0.0455 | |
| Capex To Revenue | 0.4 | 0.44 | 0.33 | 0.48 | 0.34 | 0.32 | |
| Cash Per Share | 0.14 | 0.34 | 0.79 | 0.35 | 0.28 | 0.27 | |
| Pocfratio | 2.04 | 5.02 | 3.15 | 3.5 | 3.47 | 3.3 | |
| Interest Coverage | (0.31) | 1.65 | 4.85 | (1.03) | 8.83 | 9.27 | |
| Pfcf Ratio | 52.72 | 139.73 | 13.37 | (6.54) | 46.02 | 48.32 | |
| Days Payables Outstanding | 23.66 | 28.49 | 33.12 | 42.86 | 34.18 | 32.47 | |
| Income Quality | (3.59) | (3.72) | 2.3 | (2.85) | (4.38) | (4.16) | |
| Roe | (0.0765) | (0.1) | 0.15 | (0.0696) | (0.0821) | (0.0863) | |
| Ev To Operating Cash Flow | 4.54 | 4.53 | 6.12 | 3.22 | 4.21 | 4.0 | |
| Pe Ratio | (7.32) | (18.68) | 7.26 | (10.0) | (15.48) | (16.26) | |
| Return On Tangible Assets | (0.0341) | (0.0352) | 0.0568 | (0.0298) | (0.0282) | (0.0296) | |
| Ev To Free Cash Flow | 116.94 | 170.14 | 13.63 | (8.45) | 55.84 | 58.63 | |
| Earnings Yield | (0.14) | (0.0535) | 0.14 | (0.1) | (0.0646) | (0.0678) | |
| Net Debt To E B I T D A | 2.78 | 1.74 | 0.0626 | 1.32 | 1.11 | 1.05 | |
| Current Ratio | 1.33 | 2.64 | 3.97 | 2.21 | 1.54 | 1.46 | |
| Tangible Book Value Per Share | 1.57 | 1.17 | 1.4 | 1.41 | 1.15 | 1.1 | |
| Receivables Turnover | 22.52 | 7.93 | 24.77 | 137.36 | 77.11 | 80.96 | |
| Graham Number | 2.06 | 1.75 | 2.55 | 1.76 | 1.56 | 1.48 |
Pair Trading with New 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 New 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 New Gold will appreciate offsetting losses from the drop in the long position's value.Moving against New Stock
| 0.64 | BYD | Boyd Group Services | PairCorr |
| 0.47 | FDY | Faraday Copper Corp | PairCorr |
| 0.36 | IE | Ivanhoe Energy | PairCorr |
The ability to find closely correlated positions to New 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 New 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 New 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 New Gold to buy it.
The correlation of New 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 New Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Gold 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 New 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.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Gold. 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. To learn how to invest in New Stock, please use our How to Invest in New Gold guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.