Platinum Ev To Sales vs Days Sales Outstanding Analysis

PTM Stock  CAD 2.12  0.05  2.30%   
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 Ev To Sales and its Days Sales Outstanding 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 board of governors.

Ev To Sales vs Days Sales Outstanding

Ev To Sales vs Days Sales Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Platinum Group Metals Ev To Sales account and Days Sales Outstanding. At this time, the significance of the direction appears to have pay attention.
The correlation between Platinum Group's Ev To Sales and Days Sales Outstanding is -0.85. Overlapping area represents the amount of variation of Ev To Sales that can explain the historical movement of Days Sales Outstanding 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 Ev To Sales and Days Sales Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ev To Sales of Platinum Group Metals are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Ev To Sales i.e., Platinum Group's Ev To Sales and Days Sales Outstanding go up and down completely randomly.

Correlation Coefficient

-0.85
Relationship DirectionNegative 
Relationship StrengthSignificant

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.

Days Sales Outstanding

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 board of governors.
As of the 11th of December 2024, Tax Provision is likely to grow to about 50.7 K, while Selling General Administrative is likely to drop about 5.9 M.
 2023 2024 (projected)
Non Recurring677.5M711.4M
Interest Income525.6K499.3K

Platinum Group fundamental ratios Correlations

0.450.990.98-0.440.730.870.710.990.70.92-0.560.10.23-0.09-0.250.30.980.66-0.13-0.290.60.680.480.24-0.42
0.450.340.390.30.180.660.220.390.210.41-0.440.520.440.69-0.130.840.390.560.33-0.280.880.720.440.230.0
0.990.340.98-0.530.770.810.720.980.710.92-0.51-0.040.13-0.19-0.260.150.980.62-0.26-0.220.520.580.420.18-0.47
0.980.390.98-0.370.70.770.61.00.590.88-0.510.110.25-0.18-0.210.271.00.52-0.1-0.270.520.60.570.22-0.37
-0.440.3-0.53-0.37-0.49-0.4-0.81-0.38-0.8-0.540.070.670.480.50.140.58-0.37-0.520.76-0.020.030.030.350.020.48
0.730.180.770.7-0.490.620.570.720.560.65-0.73-0.10.1-0.14-0.720.030.70.49-0.330.350.420.480.28-0.31-0.89
0.870.660.810.77-0.40.620.830.770.820.89-0.640.250.280.25-0.30.490.770.93-0.02-0.30.750.810.270.25-0.39
0.710.220.720.6-0.810.570.830.611.00.81-0.4-0.18-0.09-0.15-0.240.00.60.88-0.38-0.20.40.46-0.060.17-0.44
0.990.390.981.0-0.380.720.770.610.60.87-0.520.10.24-0.18-0.230.261.00.53-0.11-0.270.530.610.560.22-0.4
0.70.210.710.59-0.80.560.821.00.60.81-0.42-0.16-0.08-0.16-0.240.010.590.88-0.36-0.210.40.47-0.060.17-0.44
0.920.410.920.88-0.540.650.890.810.870.81-0.540.030.21-0.06-0.250.230.880.78-0.19-0.230.550.630.210.19-0.38
-0.56-0.44-0.51-0.510.07-0.73-0.64-0.4-0.52-0.42-0.54-0.45-0.62-0.210.84-0.51-0.51-0.51-0.22-0.15-0.59-0.78-0.270.140.67
0.10.52-0.040.110.67-0.10.25-0.180.1-0.160.03-0.450.790.48-0.110.90.110.090.93-0.30.330.610.50.240.22
0.230.440.130.250.480.10.28-0.090.24-0.080.21-0.620.790.27-0.350.720.250.080.77-0.170.380.630.330.130.01
-0.090.69-0.19-0.180.5-0.140.25-0.15-0.18-0.16-0.06-0.210.480.27-0.030.66-0.180.320.35-0.10.590.47-0.040.080.09
-0.25-0.13-0.26-0.210.14-0.72-0.3-0.24-0.23-0.24-0.250.84-0.11-0.35-0.03-0.14-0.21-0.250.02-0.56-0.28-0.36-0.090.430.76
0.30.840.150.270.580.030.490.00.260.010.23-0.510.90.720.66-0.140.270.340.76-0.330.660.750.540.270.14
0.980.390.981.0-0.370.70.770.61.00.590.88-0.510.110.25-0.18-0.210.270.52-0.1-0.270.510.60.570.22-0.37
0.660.560.620.52-0.520.490.930.880.530.880.78-0.510.090.080.32-0.250.340.52-0.16-0.250.670.69-0.050.21-0.37
-0.130.33-0.26-0.10.76-0.33-0.02-0.38-0.11-0.36-0.19-0.220.930.770.350.020.76-0.1-0.16-0.240.050.330.430.20.42
-0.29-0.28-0.22-0.27-0.020.35-0.3-0.2-0.27-0.21-0.23-0.15-0.3-0.17-0.1-0.56-0.33-0.27-0.25-0.24-0.31-0.4-0.12-0.87-0.47
0.60.880.520.520.030.420.750.40.530.40.55-0.590.330.380.59-0.280.660.510.670.05-0.310.850.240.26-0.3
0.680.720.580.60.030.480.810.460.610.470.63-0.780.610.630.47-0.360.750.60.690.33-0.40.850.310.33-0.34
0.480.440.420.570.350.280.27-0.060.56-0.060.21-0.270.50.33-0.04-0.090.540.57-0.050.43-0.120.240.310.090.02
0.240.230.180.220.02-0.310.250.170.220.170.190.140.240.130.080.430.270.220.210.2-0.870.260.330.090.53
-0.420.0-0.47-0.370.48-0.89-0.39-0.44-0.4-0.44-0.380.670.220.010.090.760.14-0.37-0.370.42-0.47-0.3-0.340.020.53
Click cells to compare fundamentals

Platinum Group Account Relationship Matchups

Platinum Group fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets37.4M51.2M53.7M50.0M57.5M54.6M
Total Current Liabilities4.3M30.3M1.1M1.4M1.6M1.5M
Total Stockholder Equity(20.3M)1.9M32.5M25.7M29.6M28.1M
Property Plant And Equipment Net35.4M44.4M40.7M42.2M48.6M46.1M
Net Debt35.4M21.9M(12.3M)(6.7M)(7.7M)(8.1M)
Retained Earnings(746.3M)(759.8M)(768.4M)(774.7M)(697.3M)(662.4M)
Accounts Payable1.4M2.5M1.0M1.3M1.5M1.4M
Cash1.3M6.1M12.3M7.0M8.0M7.6M
Non Current Assets Total35.5M44.6M40.9M42.5M48.8M46.4M
Cash And Short Term Investments1.3M6.1M12.3M7.0M8.0M7.6M
Net Receivables218K476K382K215K247.3K234.9K
Common Stock Shares Outstanding61.5M71.9M89.6M99.9M114.9M120.7M
Liabilities And Stockholders Equity37.4M51.2M53.7M50.0M57.5M54.6M
Non Current Liabilities Total37.3M1.5M1.0M1.3M1.5M1.4M
Other Current Assets385K71K52K563K647.5K615.1K
Other Stockholder Equity28.3M30.1M32.1M33.8M38.8M46.1M
Total Liab41.6M31.7M2.1M2.6M3.0M2.9M
Property Plant And Equipment Gross37.2M35.4M40.7M42.2M48.6M46.1M
Total Current Assets1.9M6.6M12.8M7.6M8.7M8.3M
Accumulated Other Comprehensive Income(164.1M)(159.2M)(166.2M)(170.3M)(153.3M)(145.6M)
Other Current Liab2.9M27.8K81K48K55.2K52.4K
Short Long Term Debt Total36.7M27.9M44K317K285.3K271.0K
Non Currrent Assets Other108K170K190K235K270.3K256.7K
Common Stock861.9M890.8M935.0M937.0M1.1B784.6M
Other Liab3.2M509K1.3M959K863.1K819.9K
Net Tangible Assets(16.6M)(20.3M)1.9M32.5M29.3M27.8M
Property Plant Equipment37.2M35.4M44.4M40.7M36.7M34.8M
Capital Surpluse26.8M28.3M30.1M32.1M36.9M29.8M
Long Term Debt Total34.9M36.7M130K44K39.6K37.6K
Long Term Investments65K108K170K190K171K162.5K
Cash And Equivalents5.6M1.3M6.1M12.3M11.1M11.7M
Net Invested Capital16.3M29.7M32.5M25.7M23.2M28.0M

Pair Trading with Platinum Group

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 Platinum Group 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 Platinum Group will appreciate offsetting losses from the drop in the long position's value.

Moving together with Platinum Stock

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Moving against Platinum Stock

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  0.4INFM Infinico Metals CorpPairCorr
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The ability to find closely correlated positions to Platinum Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Platinum Group 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 Platinum Group - 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 Platinum Group Metals to buy it.
The correlation of Platinum Group 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 Platinum Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Platinum Group Metals 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 Platinum Group 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.
Pair CorrelationCorrelation Matching
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:
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 board of governors.
You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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.