Platinum Asset Turnover vs Gross Profit Margin Analysis

PLG Stock

USD 1.62 0.12 6.90%

Platinum Group financial indicator trend analysis is much more than just breaking down Platinum Group Metals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Platinum Group Metals is a good investment. Please check the relationship between Platinum Group Asset Turnover and its Gross Profit Margin accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Platinum Group Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Asset Turnover vs Gross Profit Margin

Asset Turnover vs Gross Profit Margin Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Platinum Group Metals Asset Turnover account and Gross Profit Margin. At this time, the significance of the direction appears to have pay attention.

The correlation between Platinum Group's Asset Turnover and Gross Profit Margin is -0.85. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Gross Profit Margin in the same time period over historical financial statements of Platinum Group Metals, assuming nothing else is changed. The correlation between historical values of Platinum Group's Asset Turnover and Gross Profit Margin is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Platinum Group Metals are associated (or correlated) with its Gross Profit Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit Margin has no effect on the direction of Asset Turnover i.e., Platinum Group's Asset Turnover and Gross Profit Margin go up and down completely randomly.

Correlation Coefficient

-0.85

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Gross Profit Margin

Most indicators from Platinum Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Platinum Group Metals 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Platinum Group Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

The Platinum Group's current Tax Provision is estimated to increase to about 50.7 K, while Selling General Administrative is projected to decrease to roughly 6 M.

Platinum Group fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Non Currrent Assets Other	Other Current Liab	Other Liab	Net Tangible Assets	Common Stock Total Equity	Inventory	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt
Total Assets		0.45	0.99	0.98	-0.44	0.73	0.86	0.71	0.99	0.7	0.92	-0.56	0.1	-0.1	-0.33	0.3	0.66	0.48	0.46	0.55	0.86	-0.34	-0.11	0.34	0.67	-0.17
Total Current Liabilities	0.45		0.34	0.39	0.3	0.18	0.66	0.22	0.39	0.21	0.41	-0.44	0.52	0.7	-0.14	0.84	0.56	0.43	0.7	0.07	0.31	-0.01	-0.51	0.17	0.3	0.32
Total Stockholder Equity	0.99	0.34		0.98	-0.53	0.77	0.81	0.72	0.98	0.71	0.92	-0.51	-0.04	-0.2	-0.34	0.15	0.62	0.42	0.38	0.58	0.87	-0.38	-0.01	0.31	0.67	-0.24
Property Plant And Equipment Net	0.98	0.39	0.98		-0.37	0.7	0.77	0.6	1.0	0.59	0.88	-0.51	0.11	-0.18	-0.29	0.27	0.52	0.57	0.5	0.59	0.9	-0.29	-0.17	0.32	0.77	-0.14
Net Debt	-0.44	0.3	-0.53	-0.37		-0.49	-0.4	-0.81	-0.38	-0.8	-0.54	0.07	0.67	0.5	0.19	0.58	-0.52	0.35	0.48	-0.2	-0.29	0.38	-0.64	-0.24	0.1	0.52
Retained Earnings	0.73	0.18	0.77	0.7	-0.49		0.61	0.57	0.72	0.56	0.65	-0.73	-0.1	-0.15	-0.77	0.03	0.49	0.28	0.18	0.3	0.53	-0.85	0.18	-0.06	0.4	-0.68
Accounts Payable	0.86	0.66	0.81	0.77	-0.4	0.61		0.83	0.77	0.82	0.89	-0.64	0.25	0.25	-0.36	0.49	0.93	0.27	0.42	0.32	0.62	-0.32	-0.12	0.38	0.34	-0.09
Cash	0.71	0.22	0.72	0.6	-0.81	0.57	0.83		0.61	1.0	0.8	-0.4	-0.18	-0.15	-0.3	0.0	0.88	-0.06	-0.11	0.19	0.44	-0.35	0.29	0.38	0.04	-0.35
Non Current Assets Total	0.99	0.39	0.98	1.0	-0.38	0.72	0.77	0.61		0.6	0.87	-0.52	0.1	-0.18	-0.31	0.26	0.53	0.56	0.48	0.59	0.89	-0.31	-0.15	0.3	0.75	-0.17
Cash And Short Term Investments	0.7	0.21	0.71	0.59	-0.8	0.56	0.82	1.0	0.6		0.8	-0.42	-0.16	-0.15	-0.3	0.01	0.88	-0.06	-0.11	0.18	0.43	-0.35	0.28	0.38	0.03	-0.35
Net Receivables	0.92	0.41	0.92	0.88	-0.54	0.65	0.89	0.8	0.87	0.8		-0.54	0.03	-0.05	-0.34	0.23	0.78	0.21	0.36	0.54	0.85	-0.31	-0.08	0.55	0.5	-0.07
Common Stock Shares Outstanding	-0.56	-0.44	-0.51	-0.51	0.07	-0.73	-0.64	-0.4	-0.52	-0.42	-0.54		-0.45	-0.2	0.86	-0.51	-0.51	-0.27	-0.4	-0.23	-0.3	0.74	0.33	0.06	-0.27	0.45
Non Current Liabilities Total	0.1	0.52	-0.04	0.11	0.67	-0.1	0.25	-0.18	0.1	-0.16	0.03	-0.45		0.49	-0.08	0.9	0.09	0.5	0.58	-0.07	0.0	0.16	-0.69	0.01	0.2	0.34
Other Current Assets	-0.1	0.7	-0.2	-0.18	0.5	-0.15	0.25	-0.15	-0.18	-0.15	-0.05	-0.2	0.49		-0.01	0.67	0.33	-0.04	0.52	-0.14	-0.17	0.08	-0.32	-0.02	-0.12	0.44
Other Stockholder Equity	-0.33	-0.14	-0.34	-0.29	0.19	-0.77	-0.36	-0.3	-0.31	-0.3	-0.34	0.86	-0.08	-0.01		-0.12	-0.3	-0.07	-0.13	-0.1	-0.15	0.94	0.03	0.23	-0.12	0.69
Total Liab	0.3	0.84	0.15	0.27	0.58	0.03	0.49	0.0	0.26	0.01	0.23	-0.51	0.9	0.67	-0.12		0.34	0.54	0.73	-0.01	0.16	0.1	-0.7	0.09	0.28	0.38
Total Current Assets	0.66	0.56	0.62	0.52	-0.52	0.49	0.93	0.88	0.53	0.88	0.78	-0.51	0.09	0.33	-0.3	0.34		-0.05	0.18	0.14	0.39	-0.3	0.09	0.38	0.03	-0.1
Non Currrent Assets Other	0.48	0.43	0.42	0.57	0.35	0.28	0.27	-0.06	0.56	-0.06	0.21	-0.27	0.5	-0.04	-0.07	0.54	-0.05		0.54	0.07	0.47	0.01	-0.37	-0.03	0.66	0.05
Other Current Liab	0.46	0.7	0.38	0.5	0.48	0.18	0.42	-0.11	0.48	-0.11	0.36	-0.4	0.58	0.52	-0.13	0.73	0.18	0.54		0.54	0.51	0.05	-0.73	-0.02	0.77	0.41
Other Liab	0.55	0.07	0.58	0.59	-0.2	0.3	0.32	0.19	0.59	0.18	0.54	-0.23	-0.07	-0.14	-0.1	-0.01	0.14	0.07	0.54		0.62	-0.05	-0.41	0.06	0.73	0.09
Net Tangible Assets	0.86	0.31	0.87	0.9	-0.29	0.53	0.62	0.44	0.89	0.43	0.85	-0.3	0.0	-0.17	-0.15	0.16	0.39	0.47	0.51	0.62		-0.12	-0.17	0.55	0.77	0.13
Common Stock Total Equity	-0.34	-0.01	-0.38	-0.29	0.38	-0.85	-0.32	-0.35	-0.31	-0.35	-0.31	0.74	0.16	0.08	0.94	0.1	-0.3	0.01	0.05	-0.05	-0.12		-0.25	0.29	-0.05	0.83
Inventory	-0.11	-0.51	-0.01	-0.17	-0.64	0.18	-0.12	0.29	-0.15	0.28	-0.08	0.33	-0.69	-0.32	0.03	-0.7	0.09	-0.37	-0.73	-0.41	-0.17	-0.25		0.02	-0.47	-0.45
Deferred Long Term Liab	0.34	0.17	0.31	0.32	-0.24	-0.06	0.38	0.38	0.3	0.38	0.55	0.06	0.01	-0.02	0.23	0.09	0.38	-0.03	-0.02	0.06	0.55	0.29	0.02		-0.01	0.48
Long Term Investments	0.67	0.3	0.67	0.77	0.1	0.4	0.34	0.04	0.75	0.03	0.5	-0.27	0.2	-0.12	-0.12	0.28	0.03	0.66	0.77	0.73	0.77	-0.05	-0.47	-0.01		0.12
Short Long Term Debt	-0.17	0.32	-0.24	-0.14	0.52	-0.68	-0.09	-0.35	-0.17	-0.35	-0.07	0.45	0.34	0.44	0.69	0.38	-0.1	0.05	0.41	0.09	0.13	0.83	-0.45	0.48	0.12

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Platinum Group Account Relationship Matchups

Platinum Group fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	37.4M	51.2M	53.7M	50.0M	57.5M	54.6M
Total Current Liabilities	4.3M	30.3M	1.1M	1.4M	1.6M	1.5M
Total Stockholder Equity	(20.3M)	1.9M	32.5M	25.7M	29.6M	28.1M
Property Plant And Equipment Net	35.4M	44.4M	40.7M	42.2M	48.6M	46.1M
Net Debt	35.4M	21.9M	(12.3M)	(6.7M)	(7.7M)	(8.1M)
Retained Earnings	(746.3M)	(759.8M)	(768.4M)	(774.7M)	(697.3M)	(662.4M)
Accounts Payable	1.4M	2.5M	1.0M	1.3M	1.5M	1.4M
Cash	1.3M	6.1M	12.3M	7.0M	8.0M	7.6M
Non Current Assets Total	35.5M	44.6M	40.9M	42.5M	48.8M	46.4M
Cash And Short Term Investments	1.3M	6.1M	12.3M	7.0M	8.0M	7.6M
Net Receivables	218K	476K	382K	215.2K	247.5K	235.1K
Common Stock Shares Outstanding	61.5M	71.9M	89.6M	99.9M	114.9M	120.7M
Liabilities And Stockholders Equity	37.4M	51.2M	53.7M	50.0M	57.5M	54.6M
Non Current Liabilities Total	37.3M	1.5M	1.0M	1.3M	1.5M	1.4M
Other Current Assets	385K	71K	52K	348K	400.2K	380.2K
Other Stockholder Equity	28.3M	30.1M	32.1M	33.8M	38.8M	45.2M
Total Liab	41.6M	31.7M	2.1M	2.6M	3.0M	2.9M
Total Current Assets	1.9M	6.6M	12.8M	7.6M	8.7M	8.3M
Accumulated Other Comprehensive Income	(164.1M)	(159.2M)	(166.2M)	(170.3M)	(153.3M)	(145.6M)
Non Currrent Assets Other	108K	170K	190K	235K	270.3K	256.7K
Other Current Liab	2.9M	2.5M	81K	48K	55.2K	52.4K
Other Liab	3.2M	509K	1.3M	959K	1.1M	1.4M
Net Tangible Assets	(16.6M)	(20.3M)	1.9M	32.5M	37.4M	66.2M
Long Term Investments	65K	108K	170K	190K	218.5K	341.9K
Common Stock	861.9M	890.8M	935.0M	937.0M	1.1B	1.1B
Property Plant Equipment	37.2M	35.4M	44.4M	40.7M	46.8M	44.5M
Short Long Term Debt Total	36.7M	27.9M	44K	317K	285.3K	271.0K
Capital Surpluse	26.8M	28.3M	30.1M	32.1M	36.9M	29.8M
Long Term Debt Total	34.9M	36.7M	130K	44K	39.6K	37.6K
Cash And Equivalents	5.6M	1.3M	6.1M	12.3M	11.1M	11.7M
Net Invested Capital	16.3M	29.7M	32.5M	25.7M	23.2M	28.0M
Net Working Capital	(2.4M)	(23.7M)	11.6M	6.2M	5.6M	5.8M
Capital Stock	861.9M	890.8M	935.0M	937.0M	1.1B	971.4M

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When determining whether Platinum Group Metals is a strong investment it is important to analyze Platinum Group's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Platinum Group's future performance. For an informed investment choice regarding Platinum Stock, refer to the following important reports:

How To Invest In Platinum

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Is Platinum Stock a good investment?

Details

What is Platinum Group's Net Worth?

Details

Largest Other Precious Metals & Mining Companies

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Largest Basic Materials Companies

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Platinum Group Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

Is Precious Metals & Minerals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Platinum Group. If investors know Platinum will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Platinum Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.05)

Return On Assets

(0.11)

Return On Equity

(0.12)

The market value of Platinum Group Metals is measured differently than its book value, which is the value of Platinum that is recorded on the company's balance sheet. Investors also form their own opinion of Platinum Group's value that differs from its market value or its book value, called intrinsic value, which is Platinum Group's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Platinum Group's market value can be influenced by many factors that don't directly affect Platinum Group's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Platinum Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Platinum Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Platinum Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Platinum Asset Turnover vs Gross Profit Margin Analysis

Asset Turnover vs Gross Profit Margin

Asset Turnover vs Gross Profit Margin Correlation Analysis

Correlation Coefficient

Asset Turnover

Gross Profit Margin

Platinum Group fundamental ratios Correlations

Platinum Group Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Platinum Group fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.98	Total Assets
Property Plant And Equipment Net	+ 0.98	Total Stockholder Equity

Common Stock Total Equity	- 0.85	Retained Earnings
Cash	- 0.81	Net Debt
Cash And Short Term Investments	- 0.8	Net Debt
Other Stockholder Equity	- 0.77	Retained Earnings
Inventory	- 0.73	Other Current Liab
Common Stock Shares Outstanding	- 0.73	Retained Earnings