Avino Price To Sales Ratio vs Capex To Depreciation Analysis

ASM Stock

CAD 1.00 0.07 6.54%

Avino Silver financial indicator trend analysis is way more than just evaluating Avino Silver Gold prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avino Silver Gold is a good investment. Please check the relationship between Avino Silver Price To Sales Ratio and its Capex To Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avino Silver Gold. 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.

Price To Sales Ratio vs Capex To Depreciation

Price To Sales Ratio vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avino Silver Gold Price To Sales Ratio account and Capex To Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Avino Silver's Price To Sales Ratio and Capex To Depreciation is -0.13. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Avino Silver Gold, assuming nothing else is changed. The correlation between historical values of Avino Silver's Price To Sales Ratio and Capex To Depreciation 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 Avino Silver Gold are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Price To Sales Ratio i.e., Avino Silver's Price To Sales Ratio and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

-0.13

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Avino Silver Gold stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Avino Silver sales, a figure that is much harder to manipulate than other Avino Silver Gold 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.

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 indicators from Avino Silver's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avino Silver Gold 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Avino Silver Gold. 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.

At this time, Avino Silver's Selling General Administrative is very stable compared to the past year. As of the 1st of May 2024, Issuance Of Capital Stock is likely to grow to about 6.1 M, though Tax Provision is likely to grow to (999.4 K).

	2021	2022	2023	2024 (projected)
Interest Expense	76K	372K	381K	337.8K
Depreciation And Amortization	2.1M	2.2M	2.5M	2.6M

Interest Expense Depreciation And Amortization

Avino Silver fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Assets	Common Stock Total Equity	Inventory	Short Term Debt	Common Stock
Total Assets		0.57	0.79	0.9	0.98	0.98	0.0	-0.49	0.88	0.19	0.98	-0.21	0.52	0.61	0.86	0.45	0.91	-0.41	0.76	0.96	0.7	0.25	0.75	0.82	0.7	0.76
Short Long Term Debt Total	0.57		0.56	0.72	0.39	0.55	0.64	0.21	0.34	-0.06	0.54	-0.09	0.18	0.72	0.15	0.86	0.53	-0.36	0.92	0.42	0.55	0.49	0.22	0.63	0.88	0.16
Other Current Liab	0.79	0.56		0.88	0.74	0.86	0.28	-0.18	0.88	-0.22	0.85	-0.06	0.22	0.27	0.62	0.35	0.77	-0.31	0.68	0.85	0.29	0.01	0.34	0.6	0.69	0.45
Total Current Liabilities	0.9	0.72	0.88		0.84	0.91	0.25	-0.34	0.86	0.03	0.91	-0.18	0.36	0.57	0.71	0.48	0.83	-0.42	0.82	0.87	0.57	0.17	0.58	0.72	0.87	0.62
Total Stockholder Equity	0.98	0.39	0.74	0.84		0.95	-0.19	-0.64	0.9	0.26	0.96	-0.2	0.58	0.48	0.94	0.26	0.88	-0.37	0.6	0.97	0.65	0.14	0.81	0.74	0.59	0.84
Property Plant And Equipment Net	0.98	0.55	0.86	0.91	0.95		0.11	-0.43	0.92	0.0	1.0	-0.17	0.36	0.54	0.83	0.43	0.92	-0.38	0.76	0.98	0.54	0.21	0.67	0.8	0.69	0.71
Net Debt	0.0	0.64	0.28	0.25	-0.19	0.11		0.71	-0.03	-0.72	0.08	0.2	-0.6	0.35	-0.41	0.67	0.11	-0.09	0.57	-0.06	-0.2	0.37	-0.38	0.25	0.42	-0.43
Retained Earnings	-0.49	0.21	-0.18	-0.34	-0.64	-0.43	0.71		-0.53	-0.55	-0.46	0.42	-0.6	-0.03	-0.83	0.4	-0.39	0.16	0.09	-0.54	-0.39	0.26	-0.74	-0.11	-0.14	-0.76
Accounts Payable	0.88	0.34	0.88	0.86	0.9	0.92	-0.03	-0.53		-0.06	0.93	-0.08	0.35	0.24	0.87	0.13	0.82	-0.33	0.53	0.96	0.35	-0.08	0.62	0.65	0.57	0.71
Cash	0.19	-0.06	-0.22	0.03	0.26	0.0	-0.72	-0.55	-0.06		0.03	-0.4	0.8	0.22	0.34	-0.11	0.01	-0.13	-0.08	0.08	0.69	-0.01	0.49	0.0	0.01	0.44
Non Current Assets Total	0.98	0.54	0.85	0.91	0.96	1.0	0.08	-0.46	0.93	0.03		-0.16	0.38	0.54	0.85	0.41	0.92	-0.39	0.74	0.98	0.56	0.2	0.7	0.8	0.68	0.73
Non Currrent Assets Other	-0.21	-0.09	-0.06	-0.18	-0.2	-0.17	0.2	0.42	-0.08	-0.4	-0.16		-0.29	-0.23	-0.21	-0.14	-0.05	0.01	-0.18	-0.13	-0.32	0.15	-0.13	0.04	-0.08	-0.09
Cash And Short Term Investments	0.52	0.18	0.22	0.36	0.58	0.36	-0.6	-0.6	0.35	0.8	0.38	-0.29		0.18	0.6	0.0	0.35	-0.21	0.18	0.44	0.77	-0.04	0.58	0.24	0.33	0.58
Net Receivables	0.61	0.72	0.27	0.57	0.48	0.54	0.35	-0.03	0.24	0.22	0.54	-0.23	0.18		0.26	0.82	0.53	-0.36	0.81	0.4	0.72	0.66	0.51	0.72	0.59	0.37
Common Stock Shares Outstanding	0.86	0.15	0.62	0.71	0.94	0.83	-0.41	-0.83	0.87	0.34	0.85	-0.21	0.6	0.26		-0.05	0.77	-0.31	0.34	0.9	0.52	-0.06	0.83	0.53	0.45	0.88
Non Current Liabilities Total	0.45	0.86	0.35	0.48	0.26	0.43	0.67	0.4	0.13	-0.11	0.41	-0.14	0.0	0.82	-0.05		0.42	-0.32	0.89	0.26	0.51	0.65	0.11	0.67	0.59	0.0
Other Current Assets	0.91	0.53	0.77	0.83	0.88	0.92	0.11	-0.39	0.82	0.01	0.92	-0.05	0.35	0.53	0.77	0.42		-0.42	0.71	0.91	0.53	0.45	0.61	0.76	0.69	0.65
Other Stockholder Equity	-0.41	-0.36	-0.31	-0.42	-0.37	-0.38	-0.09	0.16	-0.33	-0.13	-0.39	0.01	-0.21	-0.36	-0.31	-0.32	-0.42		-0.42	-0.35	-0.38	-0.14	-0.35	-0.31	-0.36	-0.32
Total Liab	0.76	0.92	0.68	0.82	0.6	0.76	0.57	0.09	0.53	-0.08	0.74	-0.18	0.18	0.81	0.34	0.89	0.71	-0.42		0.63	0.61	0.51	0.35	0.8	0.81	0.3
Property Plant And Equipment Gross	0.96	0.42	0.85	0.87	0.97	0.98	-0.06	-0.54	0.96	0.08	0.98	-0.13	0.44	0.4	0.9	0.26	0.91	-0.35	0.63		0.52	0.12	0.7	0.74	0.61	0.77
Total Current Assets	0.7	0.55	0.29	0.57	0.65	0.54	-0.2	-0.39	0.35	0.69	0.56	-0.32	0.77	0.72	0.52	0.51	0.53	-0.38	0.61	0.52		0.38	0.73	0.65	0.59	0.66
Other Assets	0.25	0.49	0.01	0.17	0.14	0.21	0.37	0.26	-0.08	-0.01	0.2	0.15	-0.04	0.66	-0.06	0.65	0.45	-0.14	0.51	0.12	0.38		0.09	0.51	0.34	0.01
Common Stock Total Equity	0.75	0.22	0.34	0.58	0.81	0.67	-0.38	-0.74	0.62	0.49	0.7	-0.13	0.58	0.51	0.83	0.11	0.61	-0.35	0.35	0.7	0.73	0.09		0.61	0.47	0.97
Inventory	0.82	0.63	0.6	0.72	0.74	0.8	0.25	-0.11	0.65	0.0	0.8	0.04	0.24	0.72	0.53	0.67	0.76	-0.31	0.8	0.74	0.65	0.51	0.61		0.62	0.6
Short Term Debt	0.7	0.88	0.69	0.87	0.59	0.69	0.42	-0.14	0.57	0.01	0.68	-0.08	0.33	0.59	0.45	0.59	0.69	-0.36	0.81	0.61	0.59	0.34	0.47	0.62		0.47
Common Stock	0.76	0.16	0.45	0.62	0.84	0.71	-0.43	-0.76	0.71	0.44	0.73	-0.09	0.58	0.37	0.88	0.0	0.65	-0.32	0.3	0.77	0.66	0.01	0.97	0.6	0.47

Click cells to compare fundamentals

Avino Silver Account Relationship Matchups

Avino Silver fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	72.6M	68.8M	86.3M	121.2M	128.3M	134.8M
Short Long Term Debt Total	7.3M	3.1M	1.1M	6.7M	7.7M	5.9M
Other Current Liab	380K	161K	194K	1.4M	1.6M	1.7M
Total Current Liabilities	9.6M	5.0M	3.8M	16.8M	13.8M	14.5M
Total Stockholder Equity	53.9M	59.0M	78.5M	98.0M	106.0M	111.3M
Property Plant And Equipment Net	45.5M	44.9M	46.7M	93.9M	103.2M	108.3M
Net Debt	(2.3M)	(8.6M)	(23.7M)	(4.6M)	(4.1M)	(3.9M)
Retained Earnings	(47.2M)	(54.3M)	(56.0M)	(52.0M)	(51.4M)	(48.9M)
Accounts Payable	4.9M	2.1M	3.3M	9.5M	11.9M	12.5M
Cash	9.6M	11.7M	24.8M	11.2M	2.7M	2.6M
Non Current Assets Total	49.8M	49.1M	50.8M	95.6M	104.8M	110.0M
Cash And Short Term Investments	9.6M	11.7M	24.8M	11.2M	12.9M	13.6M
Net Receivables	7.0M	5.6M	4.6M	6.4M	3.3M	3.0M
Common Stock Shares Outstanding	70.0M	83.2M	100.2M	117.6M	128.7M	135.2M
Liabilities And Stockholders Equity	72.6M	68.8M	86.3M	121.2M	139.4M	146.3M
Non Current Liabilities Total	9.1M	4.8M	3.9M	6.4M	8.5M	6.1M
Other Current Assets	594K	757K	962K	1.7M	2.0M	2.1M
Total Liab	18.6M	9.8M	7.8M	23.2M	22.3M	23.5M
Property Plant And Equipment Gross	45.5M	44.9M	69.7M	118.9M	130.4M	137.0M
Total Current Assets	22.8M	19.7M	35.5M	25.6M	23.5M	12.6M
Accumulated Other Comprehensive Income	4.8M	5.1M	4.6M	4.6M	5.3M	3.8M
Common Stock Total Equity	81.5M	88.0M	96.4M	108.3M	124.5M	75.8M
Inventory	5.6M	1.7M	5.2M	6.3M	8.8M	5.7M
Short Term Debt	4.3M	2.8M	389K	5.9M	6.8M	3.7M
Common Stock	96.4M	108.3M	130.0M	145.5M	167.3M	89.6M
Other Liab	16.4M	6.0M	4.5M	3.2M	2.9M	2.8M
Net Tangible Assets	75.2M	53.9M	59.0M	78.5M	90.3M	61.7M
Long Term Investments	3.2M	4.2M	3.9M	1.7M	934K	1.4M
Short Long Term Debt	1.5M	3.6M	72K	5.0M	164K	155.8K
Property Plant Equipment	45.5M	44.9M	46.7M	93.9M	107.9M	63.4M
Long Term Debt	6.3M	2.6M	0.0	195K	175.5K	166.7K
Long Term Debt Total	3.0M	278K	680K	745K	670.5K	637.0K
Capital Lease Obligations	1.1M	486K	1.1M	1.7M	3.1M	3.2M
Net Invested Capital	56.7M	59.1M	78.5M	103.0M	106.4M	88.1M
Net Working Capital	13.2M	14.7M	31.6M	8.8M	9.7M	12.3M

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 Avino Silver 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, Avino Silver's short interest history, or implied volatility extrapolated from Avino Silver options trading.

Pair Trading with Avino Silver

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 Avino Silver 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 Avino Silver will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Avino Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avino Silver 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 Avino Silver - 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 Avino Silver Gold to buy it.

The correlation of Avino Silver 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 Avino Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avino Silver Gold 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 Avino Silver 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 Correlation Correlation Matching

When determining whether Avino Silver Gold is a strong investment it is important to analyze Avino Silver'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 Avino Silver's future performance. For an informed investment choice regarding Avino Stock, refer to the following important reports:

How To Invest In Avino

Details

Is Avino Stock a good investment?

Details

What is Avino Silver's Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avino Silver Gold. 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.

You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

Complementary Tools for Avino Stock analysis

When running Avino Silver's price analysis, check to measure Avino Silver'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 Avino Silver is operating at the current time. Most of Avino Silver's value examination focuses on studying past and present price action to predict the probability of Avino Silver's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avino Silver's price. Additionally, you may evaluate how the addition of Avino Silver to your portfolios can decrease your overall portfolio volatility.

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Please note, there is a significant difference between Avino Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avino Silver is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avino Silver'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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Avino Price To Sales Ratio vs Capex To Depreciation Analysis

Price To Sales Ratio vs Capex To Depreciation

Price To Sales Ratio vs Capex To Depreciation Correlation Analysis

Correlation Coefficient

Price To Sales Ratio

Capex To Depreciation

Avino Silver fundamental ratios Correlations

Avino Silver Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Avino Silver fundamental ratios Accounts

Pair Trading with Avino Silver

Complementary Tools for Avino Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.98	Total Assets
Property Plant And Equipment Net	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Total Assets
Property Plant And Equipment Gross	+ 0.98	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 0.98	Non Current Assets Total

Common Stock Shares Outstanding	- 0.83	Retained Earnings
Common Stock	- 0.76	Retained Earnings
Common Stock Total Equity	- 0.74	Retained Earnings
Cash	- 0.72	Net Debt
Retained Earnings	- 0.64	Total Stockholder Equity
Cash And Short Term Investments	- 0.6	Retained Earnings