Avino Silver Working Capital vs. Z Score

ASM Stock  USD 0.59  0.01  1.72%   
Considering Avino Silver's profitability and operating efficiency indicators, Avino Silver Gold is yielding more profit at this time then in previous quarter. It has a moderate probability of reporting better profitability numbers in April. Profitability indicators assess Avino Silver's ability to earn profits and add value for shareholders. As of the 28th of March 2024, Price To Sales Ratio is likely to drop to 1.37. In addition to that, Operating Cash Flow Sales Ratio is likely to drop to 0.03. At this time, Avino Silver's Total Other Income Expense Net is very stable compared to the past year. As of the 28th of March 2024, Net Income is likely to grow to about 579.5 K, though Operating Income is likely to grow to (782.6 K).
For Avino Silver profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Avino Silver to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Avino Silver Gold utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Avino Silver's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Avino Silver Gold over time as well as its relative position and ranking within its peers.
  
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Is Avino Silver's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Avino Silver. If investors know Avino will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Avino Silver listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.60)
Earnings Share
0.01
Revenue Per Share
0.362
Quarterly Revenue Growth
(0.14)
Return On Assets
0.0015
The market value of Avino Silver Gold is measured differently than its book value, which is the value of Avino that is recorded on the company's balance sheet. Investors also form their own opinion of Avino Silver's value that differs from its market value or its book value, called intrinsic value, which is Avino Silver's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Avino Silver's market value can be influenced by many factors that don't directly affect Avino Silver's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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.

Avino Silver Gold Z Score vs. Working Capital Fundamental Analysis

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.
Avino Silver Gold is rated below average in working capital category among related companies. It is rated fourth in z score category among related companies . The ratio of Working Capital to Z Score for Avino Silver Gold is about  604,178 . 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 Z Score vs. Working Capital

Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .

Avino Silver

Working Capital

 = 

Current Assets

-

Current Liabilities

 = 
8.82 M
Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Avino Silver

Z Score

 = 

Sum Of

5 Factors

 = 
14.6
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Avino Z Score Comparison

Avino Silver is currently under evaluation in z score category among related companies.

Avino Silver Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Avino Silver, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Avino Silver will eventually generate negative long term returns. The profitability progress is the general direction of Avino Silver's change in net profit over the period of time. It can combine multiple indicators of Avino Silver, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for 2024
Accumulated Other Comprehensive Income5.8 M3.9 M
Operating Income-823.8 K-782.6 K
Income Before Tax-519.4 K-493.4 K
Total Other Income Expense Net304.5 K319.7 K
Net Income551.9 K579.5 K
Income Tax Expense-1.1 M-1 M
Net Income From Continuing Ops1.3 M1.3 M
Net Income Applicable To Common Shares2.8 M2.9 M
Interest Income187 K177.7 K
Net Interest Income-286 K-271.7 K
Change To Netincome6.3 M6.6 M
Net Loss(1.06)(1.01)

Avino Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Avino Silver. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Avino Silver position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Avino Silver's important profitability drivers and their relationship over time.

Use Avino Silver in pair-trading

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.

Avino Silver Pair Trading

Avino Silver Gold Pair Trading Analysis

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 CorrelationCorrelation Matching

Use Investing Themes to Complement your Avino Silver position

In addition to having Avino Silver in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Communication Services Thematic Idea Now

Communication Services
Communication Services Theme
Companies that provide networking, telecom, and long distance services. The Communication Services theme has 48 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Communication Services Theme or any other thematic opportunities.
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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:
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You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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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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To fully project Avino Silver's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Avino Silver Gold at a specified time, usually calculated after every quarter, six months, or one year. 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 can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Avino Silver investors may work on 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.