Parex Historical Financial Ratios
| PXT Stock | CAD 13.57 0.18 1.31% |
Parex Resources is promptly 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 Book Value Per Share of 19.32, Free Cash Flow Yield of 0.0124, Invested Capital of 0.0 or Operating Cash Flow Per Share of 1.8 will help investors to properly organize and evaluate Parex Resources financial condition quickly.
Parex |
About Parex Financial Ratios Analysis
Parex ResourcesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Parex Resources 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 Parex financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Parex Resources history.
Parex Resources Financial Ratios Chart
Add Fundamental
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Parex Resources stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Parex Resources sales, a figure that is much harder to manipulate than other Parex 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.Stock Based Compensation To Revenue
A metric that compares the total value of stock-based compensation granted by a company to its total revenue, indicating how much of the revenue is used to compensate employees with stock options or awards.Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.Most ratios from Parex Resources' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Parex Resources 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parex 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 board of governors. At this time, Parex Resources' POCF Ratio is very stable compared to the past year. As of the 17th of December 2024, Interest Coverage is likely to grow to 5,338, while Price To Sales Ratio is likely to drop 1.62.
| 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0447 | 0.0594 | 0.0337 | Price To Sales Ratio | 1.03 | 1.71 | 1.62 |
Parex Resources fundamentals Correlations
Click cells to compare fundamentals
Parex Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Parex Resources fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 2.44 | 3.24 | 2.02 | 1.03 | 1.71 | 1.62 | |
| Ptb Ratio | 1.94 | 1.42 | 1.53 | 0.98 | 1.02 | 1.07 | |
| Days Sales Outstanding | 47.06 | 49.8 | 62.08 | 25.13 | 32.96 | 31.31 | |
| Book Value Per Share | 9.58 | 9.69 | 11.13 | 15.1 | 18.4 | 19.32 | |
| Free Cash Flow Yield | 0.0796 | 0.091 | 0.15 | 0.27 | 0.0131 | 0.0124 | |
| Operating Cash Flow Per Share | 2.49 | 2.1 | 4.27 | 8.66 | 3.54 | 1.8 | |
| Stock Based Compensation To Revenue | 0.0249 | 0.0162 | 0.0262 | 0.0116 | 0.026 | 0.0247 | |
| Capex To Depreciation | 0.98 | 0.91 | 1.42 | 3.55 | 1.06 | 1.05 | |
| Pb Ratio | 1.94 | 1.42 | 1.53 | 0.98 | 1.02 | 1.07 | |
| Ev To Sales | 1.45 | 2.09 | 2.68 | 1.67 | 0.78 | 1.59 | |
| Free Cash Flow Per Share | 1.48 | 1.25 | 2.57 | 3.99 | 0.25 | 0.23 | |
| Roic | 0.23 | 0.32 | 0.25 | 0.0822 | 0.39 | 0.51 | |
| Inventory Turnover | 652.1 | 148.79 | 287.03 | 134.29 | 65.82 | 116.77 | |
| Net Income Per Share | 2.24 | 0.72 | 2.42 | 5.38 | 4.32 | 4.54 | |
| Days Of Inventory On Hand | 0.56 | 2.45 | 1.27 | 2.72 | 5.55 | 5.27 | |
| Payables Turnover | 6.7 | 2.77 | 2.47 | 6.42 | 1.22 | 1.16 | |
| Cash Per Share | 2.71 | 2.39 | 3.02 | 3.69 | 1.32 | 1.27 | |
| Pocfratio | 7.45 | 6.56 | 4.0 | 1.72 | 5.31 | 5.57 | |
| Interest Coverage | 5.4K | 3.6K | 75.6K | 11.1K | 4.1K | 5.3K | |
| Capex To Operating Cash Flow | 0.48 | 0.37 | 0.41 | 0.54 | 0.93 | 0.98 | |
| Pfcf Ratio | 12.56 | 10.99 | 6.64 | 3.72 | 76.55 | 80.38 | |
| Days Payables Outstanding | 54.45 | 131.71 | 147.73 | 56.87 | 298.58 | 283.65 | |
| Income Quality | 1.11 | 2.92 | 1.76 | 1.61 | 0.82 | 0.78 | |
| Roe | 0.32 | 0.23 | 0.0741 | 0.22 | 0.36 | 0.46 | |
| Ev To Operating Cash Flow | 2.63 | 6.37 | 5.43 | 1.3 | 5.19 | 5.45 | |
| Pe Ratio | 8.29 | 19.15 | 7.06 | 2.76 | 4.35 | 4.57 | |
| Return On Tangible Assets | 0.24 | 0.2 | 0.0677 | 0.18 | 0.27 | 0.21 | |
| Ev To Free Cash Flow | 10.73 | 9.09 | 5.48 | 2.81 | 74.84 | 78.58 | |
| Earnings Yield | 0.12 | 0.0522 | 0.14 | 0.36 | 0.23 | 0.24 | |
| Intangibles To Total Assets | 0.0436 | 0.0477 | 0.0412 | 0.0317 | 0.0304 | 0.0289 | |
| Net Debt To E B I T D A | (0.63) | (1.14) | (0.6) | (0.43) | (0.0688) | (0.0653) | |
| Current Ratio | 2.62 | 3.61 | 2.31 | 1.17 | 1.31 | 1.24 | |
| Tangible Book Value Per Share | 9.08 | 9.16 | 10.54 | 14.45 | 17.71 | 18.6 | |
| Receivables Turnover | 7.76 | 7.33 | 5.88 | 14.52 | 11.08 | 6.67 | |
| Graham Number | 21.98 | 12.51 | 24.62 | 42.77 | 42.31 | 44.43 | |
| Shareholders Equity Per Share | 9.58 | 9.69 | 11.13 | 15.1 | 18.4 | 19.32 | |
| Capex Per Share | 1.01 | 0.85 | 1.69 | 4.67 | 3.3 | 3.46 |
Pair Trading with Parex Resources
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 Parex Resources 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 Parex Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Parex Stock
Moving against Parex Stock
| 0.82 | ARA | Aclara Resources | PairCorr |
| 0.71 | RCI-A | Rogers Communications | PairCorr |
| 0.58 | CCL-A | CCL Industries | PairCorr |
| 0.45 | SAGE | Sage Potash Corp | PairCorr |
The ability to find closely correlated positions to Parex Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Parex Resources 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 Parex Resources - 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 Parex Resources to buy it.
The correlation of Parex Resources 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 Parex Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Parex Resources 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 Parex Resources 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 Parex Stock
Parex ResourcesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Parex Resources 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 Parex financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Parex Resources history.