NexGen Price To Sales Ratio vs Average Payables Analysis
NXE Stock | CAD 12.00 0.25 2.13% |
NexGen Energy financial indicator trend analysis is infinitely more than just investigating NexGen Energy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NexGen Energy is a good investment. Please check the relationship between NexGen Energy Price To Sales Ratio and its Average Payables accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NexGen Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in NexGen Stock, please use our How to Invest in NexGen Energy guide.
Price To Sales Ratio vs Average Payables
Price To Sales Ratio vs Average Payables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NexGen Energy Price To Sales Ratio account and Average Payables. At this time, the significance of the direction appears to have pay attention.
The correlation between NexGen Energy's Price To Sales Ratio and Average Payables is -0.85. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Average Payables in the same time period over historical financial statements of NexGen Energy, assuming nothing else is changed. The correlation between historical values of NexGen Energy's Price To Sales Ratio and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of NexGen Energy are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Price To Sales Ratio i.e., NexGen Energy's Price To Sales Ratio and Average Payables go up and down completely randomly.
Correlation Coefficient | -0.85 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing NexGen Energy stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on NexGen Energy sales, a figure that is much harder to manipulate than other NexGen Energy 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.Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Most indicators from NexGen Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NexGen Energy 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NexGen Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in NexGen Stock, please use our How to Invest in NexGen Energy guide.At this time, NexGen Energy's Selling General Administrative is very stable compared to the past year. As of the 8th of May 2024, Issuance Of Capital Stock is likely to grow to about 207.3 M, though Tax Provision is likely to grow to (1.3 M).
2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 910K | 2.8M | 6.0M | 4.9M | Minority Interest | 7.9M | 3.7M | 10.6M | 13.6M |
NexGen Energy fundamental ratios Correlations
Click cells to compare fundamentals
NexGen Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NexGen Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 313.5M | 357.4M | 546.6M | 554.6M | 1.0B | 1.1B | |
Other Current Liab | 4.2M | 6.5M | 7.5M | 15.8M | 18.2M | 19.1M | |
Total Current Liabilities | 4.8M | 7.3M | 8.2M | 16.6M | 27.9M | 29.3M | |
Total Stockholder Equity | 164.7M | 94.3M | 433.6M | 417.9M | 820.0M | 861.0M | |
Net Debt | 70.1M | 156.9M | (126.6M) | (52.0M) | (46.8M) | (44.4M) | |
Retained Earnings | (103.4M) | (212.3M) | (333.0M) | (389.9M) | (304.0M) | (288.8M) | |
Cash | 52.1M | 74.0M | 201.8M | 134.4M | 290.7M | 305.3M | |
Cash And Short Term Investments | 52.1M | 74.0M | 211.1M | 140.2M | 161.3M | 82.8M | |
Net Receivables | 610.1K | 304.6K | 1.2M | 1.8M | 1.9M | 2.0M | |
Common Stock Total Equity | 196.3M | 208.7M | 218.8M | 256.0M | 294.3M | 309.1M | |
Common Stock Shares Outstanding | 413.4M | 402.7M | 370.5M | 459.3M | 525.3M | 315.4M | |
Liabilities And Stockholders Equity | 313.5M | 357.4M | 546.6M | 554.6M | 637.7M | 669.6M | |
Other Current Assets | 734.3K | 679.7K | 1.0M | 2.2M | 13.8M | 14.5M | |
Total Liab | 127.2M | 238.1M | 85.2M | 99.1M | 187.4M | 96.0M | |
Total Current Assets | 53.5M | 75.0M | 213.3M | 144.2M | 307.0M | 322.3M | |
Common Stock | 218.8M | 256.0M | 695.9M | 712.6M | 819.5M | 860.5M | |
Property Plant And Equipment Gross | 260.0M | 282.3M | 342.9M | 421.9M | 469.9M | 493.4M | |
Accumulated Other Comprehensive Income | 49.3M | 50.6M | 70.7M | 95.1M | 109.4M | 114.9M | |
Other Liab | 725.1K | 711.6K | 2.5M | 867K | 997.1K | 732.7K | |
Net Tangible Assets | 161.6M | 94.0M | 433.3M | 417.7M | 480.4M | 504.4M | |
Property Plant And Equipment Net | 260.0M | 282.3M | 333.2M | 410.3M | 456.8M | 235.4M | |
Accounts Payable | 3.2M | 5.7M | 7.4M | 13.7M | 15.7M | 16.5M | |
Non Current Assets Total | 260.1M | 282.4M | 333.2M | 410.4M | 700.5M | 735.5M | |
Non Currrent Assets Other | 514.7K | 95.8K | 85.4K | 76K | 68.4K | 65.0K | |
Long Term Debt | 119.6M | 226.9M | 72.0M | 80.0M | 158.5M | 126.9M | |
Non Current Liabilities Total | 122.4M | 230.8M | 77.0M | 82.6M | 159.5M | 116.1M | |
Other Stockholder Equity | 46.6M | 50.6M | 70.7M | 460K | 529K | 502.6K | |
Short Term Debt | 559.0K | 777.6K | 706K | 775K | 697.5K | 662.6K | |
Property Plant Equipment | 259.7M | 282.1M | 332.9M | 410.3M | 471.8M | 495.4M | |
Short Long Term Debt Total | 122.2M | 230.9M | 75.2M | 82.5M | 94.9M | 122.7M | |
Other Assets | 514.7K | 95.8K | 85.4K | 76K | 87.4K | 126.7K | |
Long Term Debt Total | 121.7M | 230.1M | 74.5M | 81.7M | 73.5M | 101.5M | |
Net Invested Capital | 284.3M | 321.1M | 505.6M | 497.9M | 978.5M | 502.6M | |
Net Working Capital | 48.7M | 67.7M | 205.1M | 127.6M | 279.1M | 158.7M | |
Capital Stock | 218.8M | 256.0M | 695.9M | 712.6M | 1.0B | 568.5M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NexGen Energy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, NexGen Energy's short interest history, or implied volatility extrapolated from NexGen Energy options trading.
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NexGen Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in NexGen Stock, please use our How to Invest in NexGen Energy guide.Note that the NexGen Energy information on this page should be used as a complementary analysis to other NexGen Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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When running NexGen Energy's price analysis, check to measure NexGen Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NexGen Energy is operating at the current time. Most of NexGen Energy's value examination focuses on studying past and present price action to predict the probability of NexGen Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NexGen Energy's price. Additionally, you may evaluate how the addition of NexGen Energy to your portfolios can decrease your overall portfolio volatility.
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