GoldMining Price To Book vs. Return On Asset
Considering the key profitability indicators obtained from GoldMining's historical financial statements, GoldMining may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in January. Profitability indicators assess GoldMining's ability to earn profits and add value for shareholders.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. 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.
Please note, there is a significant difference between GoldMining's value and its price as these two are different measures arrived at by different means. Investors typically determine if GoldMining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoldMining'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.
For GoldMining profitability analysis, we use financial ratios and fundamental drivers that measure the ability of GoldMining to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well GoldMining utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between GoldMining's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of GoldMining over time as well as its relative position and ranking within its peers.
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GoldMining Return On Asset vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining GoldMining's current stock value. Our valuation model uses many indicators to compare GoldMining value to that of its competitors to determine the firm's financial worth. GoldMining is rated # 3 in price to book category among its peers. It is rated # 5 in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value GoldMining by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for GoldMining's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.GoldMining Return On Asset vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
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| = | 2.01 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
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| = | -0.12 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
GoldMining Return On Asset Comparison
GoldMining is currently under evaluation in return on asset category among its peers.
GoldMining Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in GoldMining, profitability is also one of the essential criteria for including it into their portfolios because, without profit, GoldMining will eventually generate negative long term returns. The profitability progress is the general direction of GoldMining's change in net profit over the period of time. It can combine multiple indicators of GoldMining, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
GoldMining Inc., a mineral exploration company, focuses on the acquisition, exploration, and development of projects in Brazil, Colombia, the United States, Canada, Peru, and other regions of the Americas. GoldMining Inc. was incorporated in 2009 and is headquartered in Vancouver, Canada. GOLDMINING INC operates under Gold classification in Canada and is traded on Toronto Stock Exchange. It employs 21 people.
GoldMining Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on GoldMining. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of GoldMining position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the GoldMining's important profitability drivers and their relationship over time.
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios. 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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
To fully project GoldMining's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of GoldMining at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include GoldMining's income statement, its balance sheet, and the statement of cash flows.