Avino Silver Financials

ASM Stock  CAD 0.61  0.01  1.61%   
We suggest to use Avino Silver Gold analysis to find out if markets are presently mispricing the company. We have collected data for thirty-five available fundamental indicators for Avino Silver Gold, which can be compared to its rivals. To ensure the equity is not overpriced, please confirm all Avino Silver Gold financials, including its shares owned by institutions, net income, short ratio, as well as the relationship between the price to sales and debt to equity . The stock experiences a somewhat bearish sentiment, but the market may correct it shortly. Check odds of Avino Silver to be traded at C$0.5917 in 90 days. Key indicators impacting Avino Silver's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Return on Equity4.354.03
Significantly Up
Very volatile
Return on Assets3.73.43
Significantly Up
Very volatile
Operating Income9.8 M9.1 M
Significantly Up
Slightly volatile
Profit Margin8.698.06
Significantly Up
Slightly volatile
Debt to Equity Ratio0.02060.0201
Fairly Up
Very volatile
Current Ratio1.811.76
Fairly Up
Slightly volatile
With this module, you can analyze Avino financials for your investing period. You should be able to track the changes in Avino Silver individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past Avino Silver Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Avino Silver's financial statements are interrelated, with each one affecting the others. For example, an increase in Avino Silver's assets may result in an increase in income on the income statement.
Evaluating Avino Silver's financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of Avino Silver's profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the Avino Silver's relative financial performance

Chance Of Distress

Less than 2

 
100  
 
Zero
Very Low
Avino Silver Gold has less than 2 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Avino Silver stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, Avino Silver's odds of distress score SHOULD NOT be confused with the real chance of Avino Silver Gold filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as Avino is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include Avino Silver's liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More Info
The data published in Avino Silver's official financial statements usually reflect Avino Silver's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Avino Silver Gold. For example, before you start analyzing numbers published by Avino accountants, it's critical to develop an understanding of what Avino Silver's liquidity, profitability, and earnings quality are in the context of the Metals & Mining space in which it operates.
Please note, the presentation of Avino Silver's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Avino Silver's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Avino Silver's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Avino Silver Gold. Please utilize our Beneish M Score to check the likelihood of Avino Silver's management manipulating its earnings.

Avino Silver Company Summary

Avino Silver competes with CIBC Active, Element Fleet, Evolve Future, Bip Investment, and Atrium Mortgage. Avino Silver Gold Mines Ltd., together with its subsidiaries, engages in the acquisition, exploration, and advancement of mineral properties in Canada. Avino Silver Gold Mines Ltd. was founded in 1968 and is headquartered in Vancouver, Canada. AVINO SILVER operates under Silver classification in Canada and is traded on Toronto Stock Exchange.
Foreign Associate
  USA
Specialization
Basic Materials, Other Precious Metals & Mining
InstrumentCanada Stock View All
ExchangeToronto Exchange
CIK Number0000316888
ISINCA0539061030
RegionNorth America
Business AddressSuite 900, 570
SectorMetals & Mining
IndustryMaterials
BenchmarkNYSE Composite
Websitewww.avino.com
Phone604 682 3701
CurrencyCAD - Canadian Dollar
You should never invest in Avino Silver without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Avino Stock, because this is throwing your money away. Analyzing the key information contained in Avino Silver's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Avino Silver Key Financial Ratios

Generally speaking, Avino Silver's financial ratios allow both analysts and investors to convert raw data from Avino Silver's financial statements into concise, actionable information that can be used to evaluate the performance of Avino Silver over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Avino Silver Gold reports annually and quarterly.

Avino Silver Key Balance Sheet Accounts

201920202021202220232024 (projected)
Inventories5.6M1.7M5.2M6.3M5.6M5.2M
Receivables7.0M5.6M4.6M6.4M5.8M5.2M
Accounts Payable4.9M2.1M3.3M9.5M8.5M9.2M
Total Assets72.6M68.8M86.3M121.2M109.1M88.1M
Current Assets22.8M19.7M35.5M25.6M23.0M20.7M
Cash and Equivalents9.6M11.7M24.8M11.2M10.1M9.0M
Shareholders Equity Attributable to Parent53.9M59.0M78.5M98.0M88.2M95.2M
Total Liabilities18.6M9.8M7.8M23.2M20.9M18.8M
Current Liabilities9.6M5.0M3.8M16.8M15.1M16.3M

Avino Silver Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Avino Silver's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Direct Expenses32.0M15.8M7.7M29.1M26.2M21.2M
Net Income(31.5M)(7.7M)(2.1M)3.1M3.6M3.8M
Operating Income(4.4M)(4.6M)(1.5M)7.9M9.1M9.8M
Revenues31.7M16.0M11.2M44.2M39.8M42.9M
Weighted Average Shares70.0M83.2M100.2M114.4M102.9M111.1M
Weighted Average Shares Diluted70.0M83.2M100.2M117.6M105.9M114.2M

Avino Silver Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Avino Silver Gold. It measures of how well Avino is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Avino Silver brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Avino had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Avino Silver has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Net Cash Flow from Financing5.0M4.2M16.1M(1.1M)(1.0M)(1.1M)
Net Cash Flow from Investing(3.7M)(2.2M)(3.2M)(24.1M)(27.7M)(28.4M)
Net Cash Flow from Operations5.5M72K109K11.8M10.6M11.5M

Avino Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Avino Silver's current stock value. Our valuation model uses many indicators to compare Avino Silver value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Avino Silver competition to find correlations between indicators driving Avino Silver's intrinsic value. More Info.
Avino Silver Gold is number one stock in shares outstanding category among related companies. It is number one stock in short ratio category among related companies . The ratio of Shares Outstanding to Short Ratio for Avino Silver Gold is about  49,335,686 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Avino Silver by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Avino Silver'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. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Avino Silver's earnings, one of the primary drivers of an investment's value.

Avino Silver Gold Systematic Risk

Avino Silver's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Avino Silver volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fifteen with a total number of output elements of fourty-six. The Beta measures systematic risk based on how returns on Avino Silver Gold correlated with the market. If Beta is less than 0 Avino Silver generally moves in the opposite direction as compared to the market. If Avino Silver Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Avino Silver Gold is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Avino Silver is generally in the same direction as the market. If Beta > 1 Avino Silver moves generally in the same direction as, but more than the movement of the benchmark.
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Avino Silver Gold Inventories Over Time

About Avino Silver Financials

What exactly are Avino Silver Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Avino Silver's income statement, its balance sheet, and the statement of cash flows. Potential Avino Silver investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Avino Silver investors may use each financial statement separately, they are all related. The changes in Avino Silver's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Avino Silver's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Avino Silver Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Avino Silver is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Avino has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Avino Silver's financials are consistent with your investment objective using the following steps:
  • Review Avino Silver's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Avino Silver's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Avino Silver's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Avino Silver's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

Avino Silver February 24, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Avino Silver help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Avino Silver Gold. We use our internally-developed statistical techniques to arrive at the intrinsic value of Avino Silver Gold based on widely used predictive technical indicators. In general, we focus on analyzing Avino Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Avino Silver's daily price indicators and compare them against related drivers.
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:
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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

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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.