New Days Sales Outstanding vs Free Cash Flow Yield Analysis

NGD Stock

CAD 2.98 0.03 1.00%

New Gold financial indicator trend analysis is infinitely more than just investigating New Gold recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Gold is a good investment. Please check the relationship between New Gold Days Sales Outstanding and its Free Cash Flow Yield accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New 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.

To learn how to invest in New Stock, please use our How to Invest in New Gold guide.

Days Sales Outstanding vs Free Cash Flow Yield

Days Sales Outstanding vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Gold Days Sales Outstanding account and Free Cash Flow Yield. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between New Gold's Days Sales Outstanding and Free Cash Flow Yield is -0.03. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of New Gold, assuming nothing else is changed. The correlation between historical values of New Gold's Days Sales Outstanding and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Sales Outstanding of New Gold are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Days Sales Outstanding i.e., New Gold's Days Sales Outstanding and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.03

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Days Sales Outstanding

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

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

To learn how to invest in New Stock, please use our How to Invest in New Gold guide.At this time, New Gold's Tax Provision is very stable compared to the past year. As of the 2nd of June 2024, Sales General And Administrative To Revenue is likely to grow to 0.05, while Selling General Administrative is likely to drop about 19.5 M.

	2021	2023	2024 (projected)
Other Operating Expenses	612.4M	713.1M	748.8M
Total Revenue	745.5M	786.5M	426.6M

Other Operating Expenses Total Revenue

New Gold 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	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Current Assets	Short Term Investments	Non Currrent Assets Other	Other Liab	Net Tangible Assets	Other Assets	Short Long Term Debt
Total Assets		0.8	0.54	0.28	0.95	0.99	0.41	0.39	0.23	0.68	0.99	0.63	0.59	0.25	0.82	0.11	0.82	0.52	0.8	0.38	0.64	0.64	0.51	0.92	0.83	0.5
Short Long Term Debt Total	0.8		0.5	0.13	0.67	0.8	0.81	0.09	-0.09	0.36	0.81	0.31	0.53	0.34	0.85	-0.35	0.82	0.34	0.54	0.2	0.58	0.61	0.3	0.58	0.61	0.51
Other Current Liab	0.54	0.5		0.59	0.36	0.55	0.29	-0.22	0.4	0.38	0.52	0.39	0.39	0.55	0.66	0.07	0.71	0.35	0.48	0.52	0.7	0.29	0.55	0.33	0.28	0.69
Total Current Liabilities	0.28	0.13	0.59		0.16	0.31	-0.04	-0.45	0.68	0.19	0.28	0.24	-0.06	0.76	0.35	0.33	0.41	0.72	0.22	0.48	0.09	0.06	0.57	0.24	-0.01	0.64
Total Stockholder Equity	0.95	0.67	0.36	0.16		0.93	0.27	0.61	0.18	0.69	0.94	0.6	0.53	0.02	0.6	0.26	0.59	0.4	0.76	0.2	0.53	0.61	0.28	0.99	0.87	0.26
Property Plant And Equipment Net	0.99	0.8	0.55	0.31	0.93		0.47	0.35	0.28	0.59	1.0	0.54	0.56	0.28	0.82	0.15	0.82	0.52	0.73	0.38	0.63	0.65	0.5	0.91	0.83	0.54
Net Debt	0.41	0.81	0.29	-0.04	0.27	0.47		-0.11	-0.16	-0.24	0.49	-0.3	0.35	0.21	0.58	-0.4	0.55	0.01	-0.04	-0.05	0.36	0.57	0.06	0.18	0.4	0.37
Retained Earnings	0.39	0.09	-0.22	-0.45	0.61	0.35	-0.11		-0.22	0.37	0.39	0.27	0.23	-0.76	-0.08	0.29	-0.11	-0.25	0.3	-0.24	0.06	0.41	-0.31	0.61	0.69	-0.51
Accounts Payable	0.23	-0.09	0.4	0.68	0.18	0.28	-0.16	-0.22		0.11	0.23	0.16	-0.11	0.45	0.16	0.72	0.25	0.41	0.14	0.18	0.29	0.11	0.43	0.28	0.02	0.62
Cash	0.68	0.36	0.38	0.19	0.69	0.59	-0.24	0.37	0.11		0.58	0.99	0.36	0.15	0.48	0.08	0.48	0.46	0.97	0.38	0.49	0.12	0.39	0.67	0.41	0.25
Non Current Assets Total	0.99	0.81	0.52	0.28	0.94	1.0	0.49	0.39	0.23	0.58		0.52	0.57	0.23	0.82	0.12	0.81	0.5	0.72	0.35	0.61	0.7	0.48	0.91	0.86	0.49
Cash And Short Term Investments	0.63	0.31	0.39	0.24	0.6	0.54	-0.3	0.27	0.16	0.99	0.52		0.32	0.22	0.49	0.06	0.49	0.51	0.95	0.46	0.45	0.05	0.48	0.6	0.32	0.32
Net Receivables	0.59	0.53	0.39	-0.06	0.53	0.56	0.35	0.23	-0.11	0.36	0.57	0.32		0.08	0.55	-0.04	0.53	-0.02	0.53	0.17	0.58	0.49	0.32	0.47	0.58	0.22
Common Stock Shares Outstanding	0.25	0.34	0.55	0.76	0.02	0.28	0.21	-0.76	0.45	0.15	0.23	0.22	0.08		0.56	-0.12	0.59	0.72	0.27	0.53	0.29	-0.09	0.68	0.03	-0.21	0.83
Non Current Liabilities Total	0.82	0.85	0.66	0.35	0.6	0.82	0.58	-0.08	0.16	0.48	0.82	0.49	0.55	0.56		-0.27	0.99	0.58	0.67	0.58	0.63	0.55	0.75	0.54	0.55	0.73
Other Stockholder Equity	0.11	-0.35	0.07	0.33	0.26	0.15	-0.4	0.29	0.72	0.08	0.12	0.06	-0.04	-0.12	-0.27		-0.2	0.0	0.02	-0.07	0.14	0.06	-0.03	0.38	0.2	0.04
Total Liab	0.82	0.82	0.71	0.41	0.59	0.82	0.55	-0.11	0.25	0.48	0.81	0.49	0.53	0.59	0.99	-0.2		0.59	0.66	0.6	0.65	0.54	0.78	0.54	0.54	0.78
Property Plant And Equipment Gross	0.52	0.34	0.35	0.72	0.4	0.52	0.01	-0.25	0.41	0.46	0.5	0.51	-0.02	0.72	0.58	0.0	0.59		0.51	0.6	0.1	0.13	0.71	0.44	0.19	0.58
Total Current Assets	0.8	0.54	0.48	0.22	0.76	0.73	-0.04	0.3	0.14	0.97	0.72	0.95	0.53	0.27	0.67	0.02	0.66	0.51		0.44	0.61	0.26	0.52	0.73	0.51	0.41
Other Current Assets	0.38	0.2	0.52	0.48	0.2	0.38	-0.05	-0.24	0.18	0.38	0.35	0.46	0.17	0.53	0.58	-0.07	0.6	0.6	0.44		0.25	-0.08	0.8	0.21	0.17	0.53
Short Term Investments	0.64	0.58	0.7	0.09	0.53	0.63	0.36	0.06	0.29	0.49	0.61	0.45	0.58	0.29	0.63	0.14	0.65	0.1	0.61	0.25		0.35	0.38	0.46	0.43	0.56
Non Currrent Assets Other	0.64	0.61	0.29	0.06	0.61	0.65	0.57	0.41	0.11	0.12	0.7	0.05	0.49	-0.09	0.55	0.06	0.54	0.13	0.26	-0.08	0.35		0.25	0.57	0.82	0.12
Other Liab	0.51	0.3	0.55	0.57	0.28	0.5	0.06	-0.31	0.43	0.39	0.48	0.48	0.32	0.68	0.75	-0.03	0.78	0.71	0.52	0.8	0.38	0.25		0.28	0.24	0.69
Net Tangible Assets	0.92	0.58	0.33	0.24	0.99	0.91	0.18	0.61	0.28	0.67	0.91	0.6	0.47	0.03	0.54	0.38	0.54	0.44	0.73	0.21	0.46	0.57	0.28		0.85	0.26
Other Assets	0.83	0.61	0.28	-0.01	0.87	0.83	0.4	0.69	0.02	0.41	0.86	0.32	0.58	-0.21	0.55	0.2	0.54	0.19	0.51	0.17	0.43	0.82	0.24	0.85		0.06
Short Long Term Debt	0.5	0.51	0.69	0.64	0.26	0.54	0.37	-0.51	0.62	0.25	0.49	0.32	0.22	0.83	0.73	0.04	0.78	0.58	0.41	0.53	0.56	0.12	0.69	0.26	0.06

Click cells to compare fundamentals

New Gold Account Relationship Matchups

New Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.2B	2.3B	2.5B	2.2B	2.3B	2.0B
Short Long Term Debt Total	738.4M	508.7M	501.7M	396.2M	455.6M	492.6M
Other Current Liab	132.2M	117.1M	120.9M	109.4M	76.9M	64.3M
Total Current Liabilities	171.9M	158.7M	172.9M	171.2M	229M	240.5M
Total Stockholder Equity	961.3M	789.3M	955.9M	959.5M	789.2M	1.1B
Property Plant And Equipment Net	1.9B	1.8B	1.8B	1.9B	1.9B	1.6B
Net Debt	655M	322.4M	20.2M	195.4M	210.5M	194.9M
Retained Earnings	(2.3B)	(2.4B)	(2.2B)	(2.3B)	(2.3B)	(2.2B)
Accounts Payable	39.7M	41.6M	52M	61.8M	64.1M	32.2M
Cash	83.4M	186.3M	481.5M	200.8M	185.5M	204.3M
Non Current Assets Total	1.9B	1.8B	1.8B	1.9B	1.9B	1.7B
Cash And Short Term Investments	83.4M	231.7M	541M	236.4M	271.9M	210.3M
Net Receivables	28M	82M	30.1M	15.9M	10.2M	9.7M
Common Stock Shares Outstanding	611.1M	676.3M	682.4M	681.9M	687.0M	721.4M
Liabilities And Stockholders Equity	2.2B	2.3B	2.5B	2.2B	2.6B	2.0B
Non Current Liabilities Total	1.0B	1.3B	1.3B	1.1B	1.3B	830.4M
Other Stockholder Equity	105.7M	106.7M	107.5M	107.8M	124.0M	117.8M
Total Liab	1.2B	1.5B	1.5B	1.3B	1.5B	877.1M
Property Plant And Equipment Gross	1.9B	1.8B	3.5B	3.8B	4.1B	4.3B
Total Current Assets	228.7M	418.8M	686.3M	377.5M	351.8M	329.6M
Accumulated Other Comprehensive Income	(13.6M)	(116.8M)	(93M)	(24.6M)	(22.1M)	(23.2M)
Other Current Assets	7.1M	12.7M	14.8M	11.3M	15.7M	8.6M
Non Currrent Assets Other	1.8M	3M	2.6M	2.1M	2.4M	2.3M
Other Liab	286.9M	793.4M	846.3M	716.6M	824.1M	491.7M
Net Tangible Assets	961.3M	789.3M	955.9M	959.5M	1.1B	1.3B
Other Assets	1.3M	3M	2.6M	2.1M	1.9M	1.8M
Common Stock	3.1B	3.2B	3.2B	3.2B	3.6B	2.4B
Property Plant Equipment	1.9B	1.8B	1.8B	1.9B	2.1B	2.0B
Long Term Debt	714.5M	489.2M	491M	394.9M	396M	514.9M
Inventory	110M	93.3M	101M	115.7M	126.7M	140.9M
Common Stock Total Equity	3.0B	3.0B	3.1B	3.2B	3.6B	3.2B
Long Term Debt Total	738.4M	508.7M	501.7M	396.2M	356.6M	552.2M
Capital Surpluse	105.7M	106.7M	107.5M	107.8M	124.0M	115.7M
Non Current Liabilities Other	1M	9M	3.7M	4.8M	3.4M	4.7M
Cash And Equivalents	17.4M	60.9M	144M	33.1M	29.8M	28.3M
Net Invested Capital	1.7B	1.3B	1.4B	1.4B	1.2B	1.4B

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

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New 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.

To learn how to invest in New Stock, please use our How to Invest in New Gold guide.

Note that the New Gold information on this page should be used as a complementary analysis to other New Gold'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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

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New Days Sales Outstanding vs Free Cash Flow Yield Analysis

Days Sales Outstanding vs Free Cash Flow Yield

Days Sales Outstanding vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Days Sales Outstanding

Free Cash Flow Yield

New Gold fundamental ratios Correlations

New Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

New Gold fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Net Tangible Assets	+ 0.99	Total Stockholder Equity
Cash And Short Term Investments	+ 0.99	Cash
Total Liab	+ 0.99	Non Current Liabilities Total

Common Stock Shares Outstanding	- 0.76	Retained Earnings
Short Long Term Debt	- 0.51	Retained Earnings
Retained Earnings	- 0.45	Total Current Liabilities
Other Stockholder Equity	- 0.4	Net Debt
Other Stockholder Equity	- 0.35	Short Long Term Debt Total
Other Liab	- 0.31	Retained Earnings