First Price To Sales Ratio vs Days Sales Outstanding Analysis

FR Stock

CAD 8.40 0.02 0.24%

First Majestic financial indicator trend analysis is much more than just examining First Majestic Silver latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Majestic Silver is a good investment. Please check the relationship between First Majestic Price To Sales Ratio and its Days Sales Outstanding accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Majestic Silver. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Price To Sales Ratio vs Days Sales Outstanding

Price To Sales Ratio vs Days Sales Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Majestic Silver Price To Sales Ratio account and Days Sales Outstanding. At this time, the significance of the direction appears to have almost identical trend.

The correlation between First Majestic's Price To Sales Ratio and Days Sales Outstanding is 0.98. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of First Majestic Silver, assuming nothing else is changed. The correlation between historical values of First Majestic's Price To Sales Ratio and Days Sales Outstanding 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 First Majestic Silver are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Price To Sales Ratio i.e., First Majestic's Price To Sales Ratio and Days Sales Outstanding go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Price To Sales Ratio

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

Days Sales Outstanding

Most indicators from First Majestic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Majestic Silver 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Majestic Silver. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

At this time, First Majestic's Selling General Administrative is very stable compared to the past year. As of the 17th of June 2024, Sales General And Administrative To Revenue is likely to grow to 0.12, though Tax Provision is likely to grow to (57.8 M).

First Majestic fundamental ratios Correlations

	Total Assets	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	Inventory	Short Long Term Debt Total	Other Current Liab	Short Term Debt	Current Deferred Revenue	Short Term Investments
Total Assets		0.94	1.0	0.99	0.5	-0.82	0.82	0.57	1.0	0.94	0.8	0.28	0.94	0.99	0.73	-0.33	0.99	0.98	0.9	0.91	0.99	0.92	0.93	-0.11	0.65	0.83
Total Current Liabilities	0.94		0.93	0.95	0.45	-0.68	0.89	0.58	0.94	0.85	0.72	0.37	0.82	0.92	0.68	-0.33	0.95	0.93	0.84	0.78	0.9	0.81	0.83	0.09	0.71	0.66
Total Stockholder Equity	1.0	0.93		0.99	0.47	-0.81	0.8	0.58	0.99	0.93	0.81	0.25	0.94	0.98	0.73	-0.33	0.98	0.97	0.9	0.91	0.98	0.91	0.93	-0.11	0.62	0.84
Property Plant And Equipment Net	0.99	0.95	0.99		0.56	-0.78	0.8	0.5	1.0	0.92	0.73	0.25	0.91	0.98	0.72	-0.38	0.99	0.98	0.85	0.9	0.98	0.9	0.92	-0.02	0.65	0.79
Net Debt	0.5	0.45	0.47	0.56		-0.57	0.3	-0.29	0.56	0.58	0.0	0.05	0.44	0.58	0.28	-0.56	0.56	0.58	0.2	0.6	0.59	0.67	0.57	0.08	0.16	0.43
Retained Earnings	-0.82	-0.68	-0.81	-0.78	-0.57		-0.66	-0.46	-0.8	-0.82	-0.72	-0.24	-0.89	-0.85	-0.48	0.32	-0.83	-0.78	-0.79	-0.84	-0.84	-0.92	-0.84	0.34	-0.5	-0.83
Accounts Payable	0.82	0.89	0.8	0.8	0.3	-0.66		0.74	0.79	0.71	0.72	0.61	0.75	0.82	0.56	-0.21	0.84	0.77	0.84	0.64	0.76	0.71	0.65	-0.11	0.76	0.48
Cash	0.57	0.58	0.58	0.5	-0.29	-0.46	0.74		0.5	0.42	0.89	0.53	0.6	0.55	0.43	0.2	0.56	0.44	0.84	0.33	0.49	0.46	0.45	-0.35	0.62	0.39
Non Current Assets Total	1.0	0.94	0.99	1.0	0.56	-0.8	0.79	0.5		0.94	0.75	0.24	0.92	0.99	0.73	-0.38	0.99	0.98	0.86	0.92	0.99	0.92	0.94	-0.06	0.64	0.82
Non Currrent Assets Other	0.94	0.85	0.93	0.92	0.58	-0.82	0.71	0.42	0.94		0.69	0.16	0.82	0.94	0.76	-0.32	0.93	0.97	0.81	0.95	0.95	0.9	0.96	-0.24	0.56	0.83
Cash And Short Term Investments	0.8	0.72	0.81	0.73	0.0	-0.72	0.72	0.89	0.75	0.69		0.32	0.84	0.77	0.56	-0.03	0.77	0.69	0.96	0.63	0.75	0.74	0.74	-0.33	0.58	0.76
Net Receivables	0.28	0.37	0.25	0.25	0.05	-0.24	0.61	0.53	0.24	0.16	0.32		0.31	0.33	0.3	0.3	0.34	0.19	0.46	0.11	0.27	0.25	0.1	-0.35	0.53	-0.08
Common Stock Shares Outstanding	0.94	0.82	0.94	0.91	0.44	-0.89	0.75	0.6	0.92	0.82	0.84	0.31		0.93	0.58	-0.23	0.92	0.87	0.9	0.84	0.93	0.91	0.86	-0.21	0.56	0.84
Non Current Liabilities Total	0.99	0.92	0.98	0.98	0.58	-0.85	0.82	0.55	0.99	0.94	0.77	0.33	0.93		0.73	-0.35	1.0	0.96	0.89	0.92	0.99	0.95	0.94	-0.17	0.68	0.8
Other Current Assets	0.73	0.68	0.73	0.72	0.28	-0.48	0.56	0.43	0.73	0.76	0.56	0.3	0.58	0.73		0.02	0.73	0.72	0.63	0.77	0.74	0.62	0.74	-0.29	0.76	0.5
Other Stockholder Equity	-0.33	-0.33	-0.33	-0.38	-0.56	0.32	-0.21	0.2	-0.38	-0.32	-0.03	0.3	-0.23	-0.35	0.02		-0.35	-0.4	-0.08	-0.38	-0.34	-0.39	-0.31	-0.41	-0.04	-0.34
Total Liab	0.99	0.95	0.98	0.99	0.56	-0.83	0.84	0.56	0.99	0.93	0.77	0.34	0.92	1.0	0.73	-0.35		0.97	0.89	0.9	0.98	0.94	0.93	-0.11	0.7	0.78
Property Plant And Equipment Gross	0.98	0.93	0.97	0.98	0.58	-0.78	0.77	0.44	0.98	0.97	0.69	0.19	0.87	0.96	0.72	-0.4	0.97		0.82	0.93	0.97	0.89	0.93	-0.08	0.59	0.8
Total Current Assets	0.9	0.84	0.9	0.85	0.2	-0.79	0.84	0.84	0.86	0.81	0.96	0.46	0.9	0.89	0.63	-0.08	0.89	0.82		0.74	0.87	0.83	0.82	-0.34	0.63	0.76
Other Assets	0.91	0.78	0.91	0.9	0.6	-0.84	0.64	0.33	0.92	0.95	0.63	0.11	0.84	0.92	0.77	-0.38	0.9	0.93	0.74		0.93	0.87	0.91	-0.23	0.6	0.81
Inventory	0.99	0.9	0.98	0.98	0.59	-0.84	0.76	0.49	0.99	0.95	0.75	0.27	0.93	0.99	0.74	-0.34	0.98	0.97	0.87	0.93		0.95	0.96	-0.16	0.6	0.84
Short Long Term Debt Total	0.92	0.81	0.91	0.9	0.67	-0.92	0.71	0.46	0.92	0.9	0.74	0.25	0.91	0.95	0.62	-0.39	0.94	0.89	0.83	0.87	0.95		0.94	-0.22	0.54	0.85
Other Current Liab	0.93	0.83	0.93	0.92	0.57	-0.84	0.65	0.45	0.94	0.96	0.74	0.1	0.86	0.94	0.74	-0.31	0.93	0.93	0.82	0.91	0.96	0.94		-0.19	0.53	0.86
Short Term Debt	-0.11	0.09	-0.11	-0.02	0.08	0.34	-0.11	-0.35	-0.06	-0.24	-0.33	-0.35	-0.21	-0.17	-0.29	-0.41	-0.11	-0.08	-0.34	-0.23	-0.16	-0.22	-0.19		-0.14	-0.17
Current Deferred Revenue	0.65	0.71	0.62	0.65	0.16	-0.5	0.76	0.62	0.64	0.56	0.58	0.53	0.56	0.68	0.76	-0.04	0.7	0.59	0.63	0.6	0.6	0.54	0.53	-0.14		0.28
Short Term Investments	0.83	0.66	0.84	0.79	0.43	-0.83	0.48	0.39	0.82	0.83	0.76	-0.08	0.84	0.8	0.5	-0.34	0.78	0.8	0.76	0.81	0.84	0.85	0.86	-0.17	0.28

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First Majestic Account Relationship Matchups

First Majestic fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.0B	1.2B	2.1B	2.1B	2.0B	2.1B
Total Current Liabilities	71.9M	101.6M	172.8M	167.4M	120.1M	126.1M
Total Stockholder Equity	662.3M	850.2M	1.4B	1.4B	1.4B	1.4B
Property Plant And Equipment Net	712.1M	782.3M	1.5B	1.5B	1.4B	1.5B
Net Debt	8.7M	(65.3M)	(16.8M)	96.5M	93.8M	98.5M
Retained Earnings	(361.6M)	(338.9M)	(347.8M)	(468.9M)	(609.9M)	(579.4M)
Accounts Payable	36.3M	49.9M	72.4M	71.1M	48.2M	24.9M
Cash	169.0M	238.6M	237.9M	151.4M	125.6M	79.9M
Non Current Assets Total	784.9M	881.5M	1.7B	1.7B	1.7B	1.8B
Non Currrent Assets Other	21.7M	29.5M	126.5M	143.6M	125.6M	131.9M
Cash And Short Term Investments	175.5M	274.9M	264.4M	186.0M	213.9M	224.6M
Net Receivables	33.9M	45.9M	54.3M	41.2M	10.1M	9.6M
Common Stock Shares Outstanding	201.6M	215.9M	244.7M	263.1M	287.1M	301.5M
Liabilities And Stockholders Equity	1.0B	1.2B	2.1B	2.1B	2.4B	2.5B
Non Current Liabilities Total	293.8M	285.7M	541.2M	531.3M	498.1M	523.0M
Other Current Assets	3.0M	(1K)	17.9M	5.6M	8.7M	9.2M
Other Stockholder Equity	90.7M	102.0M	98.9M	(12.0M)	(13.8M)	(13.1M)
Total Liab	365.6M	387.3M	714.0M	698.7M	618.2M	649.1M
Property Plant And Equipment Gross	712.1M	782.3M	2.1B	2.5B	2.0B	2.1B
Total Current Assets	243.0M	356.0M	397.2M	370.3M	309.1M	324.5M
Accumulated Other Comprehensive Income	90.7M	102.0M	98.9M	98.9M	113.8M	119.4M
Other Assets	57.9M	1K	200.8M	188.3M	216.5M	227.3M
Inventory	30.5M	32.5M	60.6M	64.8M	63.7M	66.9M
Short Long Term Debt Total	177.8M	173.3M	221.1M	247.9M	285.1M	299.4M
Other Current Liab	45.9M	32.7M	76.2M	78.5M	90.3M	94.8M
Short Term Debt	8.1M	16.3M	12.0M	14.4M	16.5M	16.8M
Current Deferred Revenue	4.5M	2.7M	12.2M	3.4M	3.9M	2.9M
Short Term Investments	6.5M	36.3M	26.5M	34.5M	62.4M	65.5M
Common Stock Total Equity	636.7M	827.6M	933.2M	1.1B	1.3B	727.3M
Common Stock	933.2M	1.1B	1.7B	1.8B	2.0B	2.2B
Other Liab	109.1M	128.7M	332.1M	297.7M	342.4M	185.6M
Net Tangible Assets	662.3M	850.2M	1.4B	1.4B	1.6B	854.7M
Long Term Debt	154.6M	141.7M	181.1M	209.8M	219.0M	117.3M
Short Long Term Debt	1.2M	11.0M	125K	551K	426K	404.7K
Property Plant Equipment	712.1M	782.3M	1.5B	1.5B	1.8B	937.0M
Long Term Debt Total	169.7M	157.0M	209.1M	233.6M	268.6M	137.1M
Capital Lease Obligations	21.9M	20.6M	39.9M	37.6M	36.7M	24.7M
Non Current Liabilities Other	4.7M	5.4M	5.8M	5.7M	5.6M	4.7M
Net Invested Capital	818.1M	993.1M	1.6B	1.6B	1.6B	1.2B

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Additional Information and Resources on Investing in First Stock

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

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Majestic Silver. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

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

Price To Sales Ratio vs Days Sales Outstanding

Price To Sales Ratio vs Days Sales Outstanding Correlation Analysis

Correlation Coefficient

Price To Sales Ratio

Days Sales Outstanding

First Majestic fundamental ratios Correlations

First Majestic Account Relationship Matchups

High Positive Relationship

High Negative Relationship

First Majestic fundamental ratios Accounts

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

Additional Information and Resources on Investing in First Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Non Current Liabilities Total
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Total Assets

Short Long Term Debt Total	- 0.92	Retained Earnings
Common Stock Shares Outstanding	- 0.89	Retained Earnings
Non Current Liabilities Total	- 0.85	Retained Earnings
Other Current Liab	- 0.84	Retained Earnings
Inventory	- 0.84	Retained Earnings
Other Assets	- 0.84	Retained Earnings