Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
The most important factor to remember is that the price of equity takes a firm's debt into account, whereas the sales does not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Australian Price to Sales Assessment
Based on latest financial disclosure the price to sales indicator of Australian Bauxite Limited is roughly 33.01 times. This is 95.56% higher than that of Basic Materials sector, and 729.4% higher than that of Aluminum industry, The Price to Sales for all stocks is 322.66% lower than the firm.
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Australian is currently under evaluation in price to sales category among related companies.
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