American Pacific Borates Limited
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Quick analysis of American Pacific Borates Limited (30 sec.)

1. Valuation of American Pacific Borates Limited (5 min.)

Live pricePrice per share (EOD)

A$2.65

Book Value per Share

A$0.26

2. Growth of American Pacific Borates Limited (5 min.)

Is American Pacific Borates Limited growing?

	Current year	Previous year	Grow	Grow %
How rich?	$73.3m	$26.6m	$25m	48.4%

How much money is American Pacific Borates Limited making?

	Current year	Previous year	Grow	Grow %
Making money	-$3.2m	-$846.1k	-$2.3m	?
Net Profit Margin	-210,244.0%	-12,461.4%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of American Pacific Borates Limited (5 min.)

4. Comparing to competitors in the Metals & Mining industry (5 min.)

Industry Rankings (Metals & Mining)

Fundamentals of American Pacific Borates Limited

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating very inefficient.

Liquidity Details

	Compared to previous year	Compared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

1.1. Profitability of American Pacific Borates Limited.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit American Pacific Borates Limited earns for each $1 of revenue.

Above 10% is considered healthy but always compare American Pacific Borates Limited to the Metals & Mining industry mean.
A Net Profit Margin of -161,657.2% means that $-1,616.57 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of American Pacific Borates Limited:

The MRQ is -161,657.2%. The company is making a huge loss. -2
The TTM is -210,244.0%. The company is making a huge loss. -2

Trends

Current period		Compared to		+/-
MRQ	-161,657.2%	TTM	-210,244.0%	+48,586.8%
TTM	-210,244.0%	YOY	-12,461.4%	-197,782.6%
TTM	-210,244.0%	5Y	-67,685.0%	-142,558.9%
5Y	-67,685.0%	10Y	-67,685.0%	0.0%

Compared to industry (Metals & Mining)

Period	Company	Industry (mean)	+/-
MRQ	-161,657.2%	4.0%	-161,661.2%
TTM	-210,244.0%	3.0%	-210,247.0%
YOY	-12,461.4%	5.9%	-12,467.3%
5Y	-67,685.0%	2.7%	-67,687.7%
10Y	-67,685.0%	1.5%	-67,686.5%

Measures how much net profit American Pacific Borates Limited earns for each $1 of revenue.

Revenue is the amount of profit American Pacific Borates Limited generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit American Pacific Borates Limited earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare American Pacific Borates Limited to the Metals & Mining industry mean.
Can be used to compare companies within the Metals & Mining industry.

You typically want a high profit margin. This means that for each $1 in sales, American Pacific Borates Limited makes more profit. This shows the investor how efficiently American Pacific Borates Limited is operating in general and compared to other companies in the same industry. American Pacific Borates Limited operates in the Metals & Mining industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of American Pacific Borates Limited. If profit margins remain low (compared to the Metals & Mining industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of American Pacific Borates Limited is -1,616.57. This means that American Pacific Borates Limited earned $-1,616.57 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Metals & Mining industry is 4.0%.
What is the trend?
The trend is important because it shows you how American Pacific Borates Limited is performing over time. The most recent quarter might be important if American Pacific Borates Limited released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for American Pacific Borates Limited up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare American Pacific Borates Limited with other companies in the same industry (Metals & Mining).
Net profit margin should rise over the years.
Can be influenced when American Pacific Borates Limited sells assets (profit will increase while costs remain the same).
It won’t show what part of American Pacific Borates Limited is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of American Pacific Borates Limited

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ American Pacific Borates Limited = -5,060
Total revenue MRQ American Pacific Borates Limited = 3
$-5,060 / $3 = -1,616.57 or -161,657.2%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient American Pacific Borates Limited is using its assets to generate profit.

Above 5% is considered healthy but always compare American Pacific Borates Limited to the Metals & Mining industry mean.
-4.5% Return on Assets means that American Pacific Borates Limited generated $-0.05 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of American Pacific Borates Limited:

The MRQ is -4.5%. Using its assets, the company is very inefficient in making profit. -2
The TTM is -6.5%. Using its assets, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-4.5%	TTM	-6.5%	+2.0%
TTM	-6.5%	YOY	-3.3%	-3.2%
TTM	-6.5%	5Y	-4.9%	-1.6%
5Y	-4.9%	10Y	-4.9%	0.0%

Compared to industry (Metals & Mining)

Period	Company	Industry (mean)	+/-
MRQ	-4.5%	-0.1%	-4.4%
TTM	-6.5%	0.2%	-6.7%
YOY	-3.3%	0.8%	-4.1%
5Y	-4.9%	0.2%	-5.1%
10Y	-4.9%	0.2%	-5.1%

Shows how efficient American Pacific Borates Limited is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare American Pacific Borates Limited to the Metals & Mining industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively American Pacific Borates Limited is using its resources to generate profit. If the return on assets (-4.5%) from American Pacific Borates Limited are higher than the Metals & Mining mean (-0.1%) that means American Pacific Borates Limited is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of American Pacific Borates Limited is -4.5%. This means the company generated $-0.05 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Metals & Mining industry is -0.1%.
What is the trend?
The trend is important because it shows you how American Pacific Borates Limited is performing over time. The most recent quarter might be important if American Pacific Borates Limited released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for American Pacific Borates Limited up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example American Pacific Borates Limited

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from American Pacific Borates Limited = -5,060
Total assets MRQ (balance sheet) from American Pacific Borates Limited = 112,211
-5,060 / 112,211 = -0.05 or -4.5%

ROA is an important ratio as it will tell you how effectively American Pacific Borates Limited is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient American Pacific Borates Limited is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare American Pacific Borates Limited to the Metals & Mining industry mean.
-4.6% Return on Equity means American Pacific Borates Limited generated $-0.05 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of American Pacific Borates Limited:

The MRQ is -4.6%. Using its investors money, the company is very inefficient in making profit. -2
The TTM is -6.6%. Using its investors money, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-4.6%	TTM	-6.6%	+2.0%
TTM	-6.6%	YOY	-3.6%	-3.0%
TTM	-6.6%	5Y	-5.9%	-0.6%
5Y	-5.9%	10Y	-5.9%	0.0%

Compared to industry (Metals & Mining)

Period	Company	Industry (mean)	+/-
MRQ	-4.6%	0.3%	-4.9%
TTM	-6.6%	0.6%	-7.2%
YOY	-3.6%	2.6%	-6.2%
5Y	-5.9%	0.2%	-6.1%
10Y	-5.9%	0.1%	-6.0%

Shows how efficient American Pacific Borates Limited is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare American Pacific Borates Limited to the Metals & Mining industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Metals & Mining industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of American Pacific Borates Limited is -4.6%. This means American Pacific Borates Limited generated $-0.05 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Metals & Mining industry is 0.3%.
What is the trend?
The trend is important because it shows you how American Pacific Borates Limited is performing over time. The most recent quarter might be important if American Pacific Borates Limited released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for American Pacific Borates Limited up to 10 years back (depending if American Pacific Borates Limited existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of American Pacific Borates Limited

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) American Pacific Borates Limited = -5,060
Shareholders equity (balance sheet) MRQ American Pacific Borates Limited = 110,187
-5,060 / 110,187 = -0.05 or -4.6%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of American Pacific Borates Limited.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient American Pacific Borates Limited is operating .

Measures how much profit American Pacific Borates Limited makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare American Pacific Borates Limited to the Metals & Mining industry mean.
An Operating Margin of -86,589.2% means the company generated $-865.89 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of American Pacific Borates Limited:

The MRQ is -86,589.2%. The company is operating very inefficient. -2
The TTM is -84,121.7%. The company is operating very inefficient. -2

Trends

Current period		Compared to		+/-
MRQ	-86,589.2%	TTM	-84,121.7%	-2,467.5%
TTM	-84,121.7%	YOY	-10,552.6%	-73,569.1%
TTM	-84,121.7%	5Y	-40,009.1%	-44,112.6%
5Y	-40,009.1%	10Y	-40,009.1%	0.0%

Compared to industry (Metals & Mining)

Period	Company	Industry (mean)	+/-
MRQ	-86,589.2%	-27.7%	-86,561.5%
TTM	-84,121.7%	-24.5%	-84,097.2%
YOY	-10,552.6%	-17.4%	-10,535.2%
5Y	-40,009.1%	2.0%	-40,011.1%
10Y	-40,009.1%	2.2%	-40,011.3%

Measures how efficient American Pacific Borates Limited is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare American Pacific Borates Limited to the Metals & Mining industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit American Pacific Borates Limited is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of American Pacific Borates Limited is -86,589.2%. This means that American Pacific Borates Limited earned $-865.89 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Metals & Mining industry is -27.7%.
What is the trend?
The trend is important because it shows you how American Pacific Borates Limited is performing over time. The most recent quarter might be important if American Pacific Borates Limited released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for American Pacific Borates Limited up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of American Pacific Borates Limited

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ American Pacific Borates Limited = -5,699
Total revenue MRQ American Pacific Borates Limited = 3
$-5,699 / $3 = -865.89 or -86,589.2%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient American Pacific Borates Limited is keeping operating costs low.

Below 1 is considered healthy (always compare to Metals & Mining industry mean).
An Operation Ratio of 0.00 means that the operating costs are $0.00 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of American Pacific Borates Limited:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.000
TTM	-	YOY	43.944	-43.944
TTM	-	5Y	158.016	-158.016
5Y	158.016	10Y	158.016	0.000

Compared to industry (Metals & Mining)

Period	Company	Industry (mean)	+/-
MRQ	-	1.374	-1.374
TTM	-	1.376	-1.376
YOY	43.944	1.429	+42.515
5Y	158.016	1.443	+156.573
10Y	158.016	1.352	+156.664

Measures how efficient American Pacific Borates Limited is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare American Pacific Borates Limited to the Metals & Mining industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of American Pacific Borates Limited is 0.0%. This means that American Pacific Borates Limited earned $0.00 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Metals & Mining industry is 1.37.
What is the trend?
The trend is important because it shows you how American Pacific Borates Limited is performing over time. The most recent quarter might be important if American Pacific Borates Limited released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for American Pacific Borates Limited up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example American Pacific Borates Limited

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
( +) \ 3 = 0.00

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of American Pacific Borates Limited.

1.3. Liquidity

1.3.1. Current Ratio

Measures if American Pacific Borates Limited is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Metals & Mining industry mean).
A Current Ratio of 29.65 means the company has $29.65 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of American Pacific Borates Limited:

The MRQ is 29.647. The company is very able to pay all its short-term debts. +2
The TTM is 28.457. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	29.647	TTM	28.457	+1.189
TTM	28.457	YOY	5.899	+22.558
TTM	28.457	5Y	11.278	+17.179
5Y	11.278	10Y	11.278	0.000

Compared to industry (Metals & Mining)

Period	Company	Industry (mean)	+/-
MRQ	29.647	1.899	+27.748
TTM	28.457	1.898	+26.559
YOY	5.899	1.670	+4.229
5Y	11.278	1.855	+9.423
10Y	11.278	1.914	+9.364

Measures if American Pacific Borates Limited is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Metals & Mining industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for American Pacific Borates Limited if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of American Pacific Borates Limited is 29.65. This means American Pacific Borates Limited has $29.65 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Metals & Mining industry is 1.90.
What is the trend?
The trend is important because it shows you how American Pacific Borates Limited is performing over time. The most recent quarter might be important if American Pacific Borates Limited released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for American Pacific Borates Limited up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example American Pacific Borates Limited

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
55,098 \ 1,858) = 29.65

The current ratio measures if American Pacific Borates Limited is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if American Pacific Borates Limited is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then American Pacific Borates Limited does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate American Pacific Borates Limited is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if American Pacific Borates Limited is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare American Pacific Borates Limited to the Metals & Mining industry mean.
A Quick Ratio of 29.33 means the company can pay off $29.33 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of American Pacific Borates Limited:

The MRQ is 29.330. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 14.328. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	29.330	TTM	14.328	+15.002
TTM	14.328	YOY	2.937	+11.391
TTM	14.328	5Y	5.626	+8.702
5Y	5.626	10Y	5.626	0.000

Compared to industry (Metals & Mining)

Period	Company	Industry (mean)	+/-
MRQ	29.330	0.730	+28.600
TTM	14.328	0.758	+13.570
YOY	2.937	0.675	+2.262
5Y	5.626	0.772	+4.854
10Y	5.626	0.781	+4.845

Measures if American Pacific Borates Limited is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare American Pacific Borates Limited to the Metals & Mining industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast American Pacific Borates Limited can pay off its short term debts. This shows if American Pacific Borates Limited can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of American Pacific Borates Limited is 29.33. This means that American Pacific Borates Limited can pay off $29.33 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Metals & Mining industry is 0.73.
What is the trend?
The trend is important because it shows you how American Pacific Borates Limited is performing over time. The most recent quarter might be important if American Pacific Borates Limited released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for American Pacific Borates Limited up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example American Pacific Borates Limited

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio American Pacific Borates Limited: (54,369 + +141) / 1,858 = 29.33

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of American Pacific Borates Limited.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of American Pacific Borates Limited assets are financed with debt.

Below 1 (100%) is considered healthy but always compare American Pacific Borates Limited to Metals & Mining industry mean.
A Debt to Asset Ratio of 0.02 means that American Pacific Borates Limited assets are financed with 1.8% credit (debt) and the remaining percentage (100% - 1.8%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of American Pacific Borates Limited:

The MRQ is 0.018. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.024. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.018	TTM	0.024	-0.006
TTM	0.024	YOY	0.077	-0.053
TTM	0.024	5Y	0.077	-0.053
5Y	0.077	10Y	0.077	0.000

Compared to industry (Metals & Mining)

Period	Company	Industry (mean)	+/-
MRQ	0.018	0.365	-0.347
TTM	0.024	0.362	-0.338
YOY	0.077	0.424	-0.347
5Y	0.077	0.444	-0.367
10Y	0.077	0.431	-0.354

Measures how much % of American Pacific Borates Limited assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake American Pacific Borates Limited than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare American Pacific Borates Limited to Metals & Mining industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of American Pacific Borates Limited is 0.02. This means means that American Pacific Borates Limited is financed with 1.8% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Metals & Mining industry is 189.9%.
What is the trend?
The trend is important because it shows you how American Pacific Borates Limited is performing over time. The most recent quarter might be important if American Pacific Borates Limited released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for American Pacific Borates Limited up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why American Pacific Borates Limited has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example American Pacific Borates Limited

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
2,025 \ 112,211 = 1.8% or 0.02.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if American Pacific Borates Limited is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare American Pacific Borates Limited to the Metals & Mining industry mean.
A Debt to Equity ratio of 1.8% means that company has $0.02 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of American Pacific Borates Limited:

The MRQ is 0.018. The company is very able to pay all its debts with equity. +2
The TTM is 0.025. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.018	TTM	0.025	-0.007
TTM	0.025	YOY	0.084	-0.059
TTM	0.025	5Y	0.110	-0.085
5Y	0.110	10Y	0.110	0.000

Compared to industry (Metals & Mining)

Period	Company	Industry (mean)	+/-
MRQ	0.018	0.477	-0.459
TTM	0.025	0.497	-0.472
YOY	0.084	0.570	-0.486
5Y	0.110	0.487	-0.377
10Y	0.110	0.519	-0.409

Measures if American Pacific Borates Limited is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of American Pacific Borates Limited is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of American Pacific Borates Limited is 0.02. This means that American Pacific Borates Limited can pay off $0.02 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Metals & Mining industry is 0.48.
What is the trend?
The trend is important because it shows you how American Pacific Borates Limited is performing over time. The most recent quarter might be important if American Pacific Borates Limited released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for American Pacific Borates Limited up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example American Pacific Borates Limited

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
2,025 \ 110,187 = 0.02 or 1.8%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of American Pacific Borates Limited

2. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings American Pacific Borates Limited generates.

Above 15 is considered overpriced but always compare American Pacific Borates Limited to the Metals & Mining industry mean.
A PE ratio of -188.66 means the investor is paying $-188.66 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of American Pacific Borates Limited:

The EOD is -438.554. Company is losing money. -2
The MRQ is -188.661. Company is losing money. -2
The TTM is -169.449. Company is losing money. -2

Trends

Current period		Compared to		+/-
EOD	-438.554	MRQ	-188.661	-249.893
MRQ	-188.661	TTM	-169.449	-19.212
TTM	-169.449	YOY	-109.318	-60.132
TTM	-169.449	5Y	-115.821	-53.629
5Y	-115.821	10Y	-115.821	0.000

Compared to industry (Metals & Mining)

Period	Company	Industry (mean)	+/-
EOD	-438.554	-0.136	-438.418
MRQ	-188.661	0.759	-189.420
TTM	-169.449	2.101	-171.550
YOY	-109.318	5.008	-114.326
5Y	-115.821	6.357	-122.178
10Y	-115.821	3.992	-119.813

Measures how much money you pay for each share for every $1 in earnings American Pacific Borates Limited generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare American Pacific Borates Limited to the Metals & Mining industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of American Pacific Borates Limited is -188.66. This means the investor is paying $-188.66 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Metals & Mining industry is 0.76.
What is the trend?
The trend is important because it shows you how American Pacific Borates Limited is performing over time. The most recent quarter might be important if American Pacific Borates Limited released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for American Pacific Borates Limited up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example American Pacific Borates Limited

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
-2,530 \ 379,865 = EPS
PE ratio MRQ = -188.66

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of American Pacific Borates Limited.

Lower is better.
A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of American Pacific Borates Limited:

The MRQ is -188.661. Very Bad. -2
The TTM is -119.113. Very Bad. -2

Trends

Current period		Compared to		+/-
MRQ	-188.661	TTM	-119.113	-69.548
TTM	-119.113	YOY	-122.371	+3.258
TTM	-119.113	5Y	-2,915,932.562	+2,915,813.449
5Y	-2,915,932.562	10Y	-2,915,932.562	0.000

Compared to industry (Metals & Mining)

Period	Company	Industry (mean)	+/-
MRQ	-188.661	4.319	-192.980
TTM	-119.113	6.303	-125.416
YOY	-122.371	2.401	-124.772
5Y	-2,915,932.562	16.018	-2,915,948.580
10Y	-2,915,932.562	18.168	-2,915,950.730

PEG Ratio	Meaning
0.5	You can buy the stock cheap based on future growth
1	You pay a fair price based on future growth
2	The stock is overpriced based on future growth

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of American Pacific Borates Limited is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Metals & Mining industry mean).
A PB ratio of 4.33 means the investor is paying $4.33 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of American Pacific Borates Limited:

The EOD is 10.069. Seems overpriced? -1
The MRQ is 4.332. Neutral. Compare to industry.
The TTM is 7.616. Seems overpriced? -1

Trends

Current period		Compared to		+/-
EOD	10.069	MRQ	4.332	+5.738
MRQ	4.332	TTM	7.616	-3.284
TTM	7.616	YOY	3.691	+3.925
TTM	7.616	5Y	4.451	+3.165
5Y	4.451	10Y	4.451	0.000

Compared to industry (Metals & Mining)

Period	Company	Industry (mean)	+/-
EOD	10.069	0.956	+9.113
MRQ	4.332	1.066	+3.266
TTM	7.616	1.080	+6.536
YOY	3.691	1.217	+2.474
5Y	4.451	1.107	+3.344
10Y	4.451	1.104	+3.347

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of American Pacific Borates Limited.

4. Summary

4.1. Key Performance Indicators

The key performance indicators of American Pacific Borates Limited compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	0.106	0.024	+339%	0.024	+337%	0.015	+628%	0.015	+628%
Book Value Growth	-	-	1.679	1.156	+45%	1.337	+26%	2.583	-35%	2.583	-35%
Book Value Per Share	-	-	0.263	0.186	+42%	0.096	+175%	0.090	+192%	0.090	+192%
Book Value Per Share Growth	-	-	1.679	1.156	+45%	1.337	+26%	2.583	-35%	2.583	-35%
Current Ratio	-	-	29.647	28.457	+4%	5.899	+403%	11.278	+163%	11.278	+163%
Debt To Asset Ratio	-	-	0.018	0.024	-26%	0.077	-77%	0.077	-77%	0.077	-77%
Debt To Equity Ratio	-	-	0.018	0.025	-27%	0.084	-78%	0.110	-83%	0.110	-83%
Dividend Per Share	-	-	-	-	0%	-	0%	-	0%	-	0%
Eps	-	-	-0.006	-0.009	+54%	-0.003	-49%	-0.004	-34%	-0.004	-34%
Eps Growth	-	-	1.000	0.441	+127%	0.889	+12%	0.498	+101%	0.498	+101%
Free Cash Flow Per Share	-	-	-0.019	-0.015	-22%	-0.005	-74%	-0.007	-62%	-0.007	-62%
Free Cash Flow Per Share Growth	-	-	1.000	0.375	+167%	0.951	+5%	0.706	+42%	0.706	+42%
Free Cash Flow To Equity Per Share	-	-	0.036	0.013	+174%	-0.004	+112%	0.000	+100%	0.000	+100%
Free Cash Flow To Equity Per Share Growth	-	-	1.000	1.645	-39%	0.164	+510%	0.923	+8%	0.923	+8%
Gross Profit Margin	-	-	1.000	1.007	-1%	1.021	-2%	1.040	-4%	1.040	-4%
Intrinsic Value_10Y_max	-	-	4.202	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	0.311	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	0.034	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-0.044	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	0.396	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-0.068	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	1.115	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-0.022	-	-	-	-	-	-	-	-
Net Profit Margin	-	-	-1616.572	-2102.440	+30%	-124.614	-92%	-676.850	-58%	-676.850	-58%
Operating Margin	-	-	-865.892	-841.217	-3%	-105.526	-88%	-400.091	-54%	-400.091	-54%
Operating Ratio	-	-	-	-	0%	43.944	-100%	158.016	-100%	158.016	-100%
Pb Ratio	10.069	+57%	4.332	7.616	-43%	3.691	+17%	4.451	-3%	4.451	-3%
Pe Ratio	-438.554	-132%	-188.661	-169.449	-10%	-109.318	-42%	-115.821	-39%	-115.821	-39%
Peg Ratio	-	-	-188.661	-119.113	-37%	-122.371	-35%	-2915932.562	+1545492%	-2915932.562	+1545492%
Price Per Share	2.650	+57%	1.140	1.320	-14%	0.338	+238%	0.484	+136%	0.484	+136%
Price To Total Gains Ratio	24.902	+57%	10.713	-74.599	+796%	-6018565.938	+56182616%	118276.583	-100%	118276.583	-100%
Profit Growth	-	-	0.000	-0.838	+53019972%	0.833	-100%	0.350	-100%	0.350	-100%
Quick Ratio	-	-	29.330	14.328	+105%	2.937	+898%	5.626	+421%	5.626	+421%
Return On Assets	-	-	-0.045	-0.065	+44%	-0.033	-27%	-0.049	+8%	-0.049	+8%
Return On Equity	-	-	-0.046	-0.066	+43%	-0.036	-22%	-0.059	+29%	-0.059	+29%
Total Gains Per Share	-	-	0.106	0.024	+339%	0.024	+337%	0.015	+628%	0.015	+628%
Usd Book Value	-	-	73307262.073	51732803.566	+42%	26681808.931	+175%	25081266.709	+192%	25081266.709	+192%
Usd Book Value Change Per Share	-	-	0.071	0.016	+339%	0.016	+337%	0.010	+628%	0.010	+628%
Usd Book Value Per Share	-	-	0.175	0.124	+42%	0.064	+175%	0.060	+192%	0.060	+192%
Usd Dividend Per Share	-	-	-	-	0%	-	0%	-	0%	-	0%
Usd Eps	-	-	-0.004	-0.006	+54%	-0.002	-49%	-0.003	-34%	-0.003	-34%
Usd Free Cash Flow	-	-	-5272287.608	-4125227.745	-22%	-1349359.131	-74%	-1986150.823	-62%	-1986150.823	-62%
Usd Free Cash Flow Per Share	-	-	-0.013	-0.010	-22%	-0.003	-74%	-0.005	-62%	-0.005	-62%
Usd Free Cash Flow To Equity Per Share	-	-	0.024	0.009	+174%	-0.003	+112%	0.000	+100%	0.000	+100%
Usd Price Per Share	1.763	+57%	0.758	0.878	-14%	0.225	+238%	0.322	+136%	0.322	+136%
Usd Profit	-	-	-3366331.511	-3229552.359	-4%	-846189.872	-75%	-1147941.284	-66%	-1147941.284	-66%
Usd Revenue	-	-	2082.389	778.401	+168%	6382.057	-67%	5075.749	-59%	5075.749	-59%
Usd Total Gains Per Share	-	-	0.071	0.016	+339%	0.016	+337%	0.010	+628%	0.010	+628%
	EOD	+3 -2	MRQ	TTM	+29 -8	YOY	+23 -15	5Y	+22 -16	10Y	+22 -16

4.2. Fundamental Score

Let's check the fundamental score of American Pacific Borates Limited based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	-438.554
Price to Book Ratio (EOD)	Between	0-1	10.069
Net Profit Margin (MRQ)	Greater than	0	-1,616.572
Operating Margin (MRQ)	Greater than	0	-865.892
Quick Ratio (MRQ)	Greater than	1	29.330
Current Ratio (MRQ)	Greater than	1	29.647
Debt to Asset Ratio (MRQ)	Less than	1	0.018
Debt to Equity Ratio (MRQ)	Less than	1	0.018
Return on Equity (MRQ)	Greater than	0.15	-0.046
Return on Assets (MRQ)	Greater than	0.05	-0.045
Total			4/10 (40.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
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4.3. Technical Score

Let's check the technical score of American Pacific Borates Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	2.650
Total			0/1 (0.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
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Latest Balance Sheet

Balance Sheet of 2021-06-30. Currency in AUD. All numbers in thousands.

Summary

Total Assets	112,211
Total Liabilities	2,025
Total Stockholder Equity	110,187

	As reported
Total Liabilities	2,025
Total Stockholder Equity	+ 110,187
Total Assets	= 112,211

Assets

Total Assets	112,211
Total Current Assets	55,098
Long-term Assets	55,098

Total Current Assets

Total Current Assets (as reported)	55,098
Cash And Cash Equivalents	54,369
Net Receivables	141
Other Current Assets	589
Total Current Assets (calculated)	55,098
+/-	0

Long-term Assets

Long-term Assets (as reported)	57,113
Property Plant Equipment	55,660
Other Assets	1,453
Long-term Assets (calculated)	57,113
+/-	0

Liabilities & Shareholders' Equity

Total Current Liabilities	1,858
Long-term Liabilities	166
Total Stockholder Equity	110,187

Total Current Liabilities

Total Current Liabilities (as reported)	1,858
Short-term Debt	96
Accounts payable	1,387
Other Current Liabilities	376
Total Current Liabilities (calculated)	1,858
+/-	0

Long-term Liabilities

Long-term Liabilities (as reported)	166
Long term Debt Total	166
Other Liabilities	166
Long-term Liabilities (calculated)	332
+/-	166

Total Stockholder Equity

Total Stockholder Equity (as reported)	110,187
Common Stock	123,701
Retained Earnings	-27,450
Other Stockholders Equity	13,936
Total Stockholder Equity (calculated)	110,187
+/-	0

Other

Cash and Short Term Investments	54,369
Common Stock Shares Outstanding	379,865
Liabilities and Stockholders Equity	112,211
Net Debt	-54,107
Net Invested Capital	110,187
Net Tangible Assets	110,187
Net Working Capital	53,240
Short Long Term Debt Total	262

Balance Sheet

Currency in AUD. All numbers in thousands.

Trend

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-06-30

2016-03-31

2015-12-31

> Total Assets

0
0
0
1,559
1,559
15,982
25,115
25,115
23,806
23,806
26,818
26,818
29,135
29,135
33,112
33,112
0
73,401
0
66,530
0
112,211

112,211

66,530

73,401

33,112

29,135

26,818

23,806

25,115

15,982

1,559

> Total Current Assets

0
0
0
77
77
0
7,605
7,605
2,953
2,953
2,496
2,496
3,157
3,157
4,564
4,564
38,876
38,876
24,513
24,513
55,098
55,098

55,098

24,513

38,876

4,564

3,157

2,496

2,953

7,605

Cash And Cash Equivalents

0
0
0
69
69
0
7,560
7,560
2,882
2,882
2,449
2,449
2,894
2,894
4,274
4,274
0
38,743
0
23,820
0
54,369

54,369

23,820

38,743

4,274

2,894

2,449

2,882

7,560

Net Receivables

0
0
0
8
8
20
23
23
22
22
23
23
62
62
28
28
132
132
634
634
141
141

141

634

132

Other Current Assets

0
0
0
0
0
46
22
22
50
50
0
24
144
202
262
262
0
2
59
59
0
589

589

262

202

144

> Long-term Assets

0
0
0
0
0
0
0
0
0
20,853
0
0
0
25,978
0
0
0
34,525
0
0
0
57,113

57,113

34,525

25,978

20,853

Property Plant Equipment

0
0
0
1,482
1,482
11,033
17,510
17,510
20,853
20,853
23,899
23,899
25,461
25,461
28,026
28,026
30,872
30,872
32,990
32,990
55,660
55,660

55,660

32,990

30,872

28,026

25,461

23,899

20,853

17,510

11,033

1,482

Other Assets

0
0
0
0
0
0
0
0
0
0
423
423
517
517
522
522
3,652
3,652
9,028
9,028
1,453
1,453

1,453

9,028

3,652

522

517

423

> Total Liabilities

0
0
0
632
632
5,356
1,263
1,263
354
354
271
271
346
346
2,834
2,834
0
3,816
0
899
0
2,025

2,025

899

3,816

2,834

346

271

354

1,263

5,356

632

> Total Current Liabilities

0
0
0
632
632
5,356
1,263
1,263
354
354
271
271
346
346
2,834
2,834
3,816
3,816
899
899
1,858
1,858

1,858

899

3,816

2,834

346

271

354

1,263

5,356

632

Short-term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,604
0
0
0
0
0
96

2,604

Accounts payable

0
0
0
632
632
463
1,212
1,212
309
309
271
271
127
127
230
230
3,550
3,550
819
819
1,387
1,387

1,387

819

3,550

230

127

271

309

1,212

463

632

Other Current Liabilities

0
0
0
0
0
4,893
52
52
25
45
0
0
15
220
0
0
133
266
57
57
21
376

376

266

133

220

4,893

> Long-term Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
166

166

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
166

166

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
166
166

166

> Total Stockholder Equity

0
0
0
927
927
10,626
23,852
23,852
23,452
23,452
26,546
26,546
28,789
28,789
30,278
30,278
0
69,585
0
65,631
0
110,187

110,187

65,631

69,585

30,278

28,789

26,546

23,452

23,852

10,626

927

Common Stock

0
0
0
1,177
1,177
11,121
25,418
25,418
25,398
25,398
29,124
29,124
31,962
31,962
34,764
34,764
73,862
73,862
77,844
77,844
123,701
123,701

123,701

77,844

73,862

34,764

31,962

29,124

25,398

25,418

11,121

1,177

Retained Earnings Total Equity

Accumulated Other Comprehensive Income

0
0
0
0
0
0
0
0
0
1,703
0
0
0
3,497
0
0
0
7,584
0
0
0
13,936

13,936

7,584

3,497

1,703

Capital Surplus

Treasury Stock

Other Stockholders Equity

0
0
0
139
139
0
798
798
1,703
1,703
3,151
1,049
3,497
3,497
4,572
4,572
7,584
7,584
10,178
10,178
13,936
13,936

13,936

10,178

7,584

4,572

3,497

1,049

3,151

1,703

798

139

Balance Sheet

Currency in AUD. All numbers in thousands.

	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30
Accounts Payable	1,387	3,550	127	309	463
Accumulated Other Comprehensive Income	13,936	7,584	3,497	1,703	454
Capital Lease Obligations	262	-	-	-	-
Cash	54,369	38,743	2,894	2,882	11,737
Cash And Short Term Investments	54,369	38,743	2,894	2,882	11,737
Common Stock	123,701	73,862	31,962	25,398	12,827
Common Stock Shares Outstanding	190,784	222,099	190,784	164,622	83,600
Common Stock Total Equity	-	73,862	31,962	25,398	12,827
Liabilities And Stockholders Equity	112,211	73,401	29,135	23,806	13,120
Long Term Debt Total	166	-	-	-	-
Net Debt	-54,107	-38,743	-2,894	-2,882	-11,737
Net Invested Capital	110,187	69,585	28,789	23,452	-
Net Receivables	141	132	62	22	1
Net Tangible Assets	110,187	69,585	28,789	23,452	10,626
Net Working Capital	53,240	35,060	2,811	2,599	-
Non Current Assets Total	57,113	34,525	25,978	20,853	1,382
Non Current Liabilities Total	166	0	0	0	0
Non Currrent Assets Other	1,453	3,652	517	20,853	138
Other Assets	1,453	3,652	517	-	-
Other Current Assets	589	2	202	50	46
Other Current Liab	376	266	220	45	4,857
Other Liab	166	-	-	-	-
Other Stockholder Equity	13,936	7,584	3,497	1,703	454
Property Plant And Equipment Gross	-	30,872	25,461	20,853	1,244
Property Plant And Equipment Net	55,660	30,872	25,461	20,853	1,244
Property Plant Equipment	55,660	30,872	25,461	20,853	11,033
Retained Earnings	-27,450	-11,861	-6,670	-3,649	-498
Short Long Term Debt Total	262	-	-	-	-
Short Term Debt	96	-	-	-	-
Total Assets	112,211	73,401	29,135	23,806	13,120
Total Current Assets	55,098	38,876	3,157	2,953	11,738
Total Current Liabilities	1,858	3,816	346	354	338
Total Liab	2,025	3,816	346	354	338
Total Stockholder Equity	110,187	69,585	28,789	23,452	12,783

	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-06-30	2016-03-31	2015-12-31
Accounts Payable	1,387	1,387	819	819	3,550	3,550	230	230	127	127	271	271	309	309	1,212	1,212	463	632	632	-	-	-
Accumulated Other Comprehensive Income	13,936	-	-	-	7,584	-	-	-	3,497	-	-	-	1,703	-	-	-	-	-	-	-	-	-
Capital Lease Obligations	262	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash	54,369	-	23,820	-	38,743	-	4,274	4,274	2,894	2,894	2,449	2,449	2,882	2,882	7,560	7,560	-	69	69	-	-	-
Cash And Short Term Investments	54,369	-	23,820	-	38,743	-	4,274	-	2,894	-	2,449	-	2,882	-	7,560	-	-	-	-	-	-	-
Common Stock	123,701	123,701	77,844	77,844	73,862	73,862	34,764	34,764	31,962	31,962	29,124	29,124	25,398	25,398	25,418	25,418	11,121	1,177	1,177	-	-	-
Common Stock Shares Outstanding	379,865	-	350,981	190,784	190,784	190,784	190,784	-	190,784	190,784	190,784	-	164,622	164,622	164,622	-	-	-	-	83,600	83,600	83,600
Common Stock Total Equity	-	-	-	-	73,862	-	-	-	31,962	-	-	-	25,398	-	-	-	-	-	-	-	-	-
Liabilities And Stockholders Equity	112,211	-	-	-	73,401	-	-	-	29,135	-	-	-	23,806	-	-	-	-	-	-	-	-	-
Long Term Debt Total	166	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Debt	-54,107	-	-	-	-38,743	-	-	-	-2,894	-	-	-	-2,882	-	-	-	-	-	-	-	-	-
Net Invested Capital	110,187	-	-	-	69,585	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Receivables	141	141	634	634	132	132	28	28	62	62	23	23	22	22	23	23	20	8	8	-	-	-
Net Tangible Assets	110,187	110,187	65,631	65,631	69,585	69,585	30,278	30,278	28,789	28,789	26,546	26,546	23,452	23,452	23,852	23,852	-	927	927	-	-	-
Net Working Capital	53,240	-	-	-	35,060	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Assets Total	57,113	-	-	-	34,525	-	-	-	25,978	-	-	-	20,853	-	-	-	-	-	-	-	-	-
Non Current Liabilities Total	166	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Currrent Assets Other	1,453	-	-	-	3,652	-	-	-	517	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Assets	1,453	1,453	9,028	9,028	3,652	3,652	522	522	517	517	423	423	-	-	-	-	-	-	-	-	-	-
Other Current Assets	589	-	59	59	2	-	262	262	202	144	24	-	50	50	22	22	46	-	-	-	-	-
Other Current Liab	376	21	57	57	266	133	-	-	220	15	-	-	45	25	52	52	4,893	-	-	-	-	-
Other Liab	166	166	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Stockholder Equity	13,936	13,936	10,178	10,178	7,584	7,584	4,572	4,572	3,497	3,497	1,049	3,151	1,703	1,703	798	798	-	139	139	-	-	-
Property Plant And Equipment Gross	-	-	-	-	30,872	-	-	-	25,461	-	-	-	20,853	-	-	-	-	-	-	-	-	-
Property Plant And Equipment Net	55,660	-	-	-	30,872	-	-	-	25,461	-	-	-	20,853	-	-	-	-	-	-	-	-	-
Property Plant Equipment	55,660	55,660	32,990	32,990	30,872	30,872	28,026	28,026	25,461	25,461	23,899	23,899	20,853	20,853	17,510	17,510	11,033	1,482	1,482	-	-	-
Retained Earnings	-27,450	-27,450	-22,391	-22,391	-11,861	-11,861	-9,058	-9,058	-6,670	-6,670	-3,626	-5,729	-3,649	-3,649	-1,566	-2,364	-	-390	-390	-	-	-
Short Long Term Debt Total	262	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Term Debt	96	-	-	-	-	-	2,604	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Assets	112,211	-	66,530	-	73,401	-	33,112	33,112	29,135	29,135	26,818	26,818	23,806	23,806	25,115	25,115	15,982	1,559	1,559	-	-	-
Total Current Assets	55,098	55,098	24,513	24,513	38,876	38,876	4,564	4,564	3,157	3,157	2,496	2,496	2,953	2,953	7,605	7,605	-	77	77	-	-	-
Total Current Liabilities	1,858	1,858	899	899	3,816	3,816	2,834	2,834	346	346	271	271	354	354	1,263	1,263	5,356	632	632	-	-	-
Total Liab	2,025	-	899	-	3,816	-	2,834	2,834	346	346	271	271	354	354	1,263	1,263	5,356	632	632	-	-	-
Total Stockholder Equity	110,187	-	65,631	-	69,585	-	30,278	30,278	28,789	28,789	26,546	26,546	23,452	23,452	23,852	23,852	10,626	927	927	-	-	-

Cash Flow

Currency in AUD. All numbers in thousands.

	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-12-31
Begin Period Cash Flow	38,743	2,894	2,882	4,883	-	-
Capital Expenditures	25,549	6,081	4,573	9,429	1,912	2,392
Change In Cash	15,626	35,849	12	-2,002	7,325	4,754
Change In Working Capital	5	11	10	-	-	-
Change To Account Receivables	-15	-14	-38	-5	-99	-99
Change To Liabilities	522	60	26	-99	452	0
Change To Netincome	10,868	2,970	763	958	551	377
Depreciation	90	28	14	6	6	6
End Period Cash Flow	54,369	38,743	2,894	2,882	4,883	-
Free Cash Flow	-29,641	-8,228	-6,829	-11,370	-	-
Investments	-26,637	-6,081	-4,573	-9,429	-	-
Net Borrowings	-	463	463	463	463	-
Net Income	-15,589	-5,191	-3,020	-2,801	-1,273	-431
Other Cashflows From Financing Activities	12,255	2,742	-2,256	-1,941	-141	-141
Other Cashflows From Investing Activities	-1,088	-1,088	-1,088	-1,088	-	-
Other Non Cash Items	15,499	5,163	3,006	2,795	-	-
Sale Purchase Of Stock	-3,182	-1,411	-463	-1,010	9,746	7,200
Total Cash From Financing Activities	48,560	44,188	6,821	9,132	9,605	7,200
Total Cash From Operating Activities	-4,092	-2,147	-2,256	-1,941	-369	-54
Total Cashflows From Investing Activities	-26,637	-6,081	-4,573	-9,429	-1,912	-2,392

	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31
Begin Period Cash Flow	-	-	9,686	723	723	723	723	723	720	720	720	720	1,221	1,221	1,221	-	-	-	-
Capital Expenditures	6,691	6,691	6,084	1,520	1,520	1,520	1,520	1,075	1,143	1,143	1,143	1,442	2,357	2,357	2,357	2,800	1,912	1,029	514
Change In Cash	15,275	15,275	-7,462	8,962	8,962	8,962	8,962	690	3	3	3	-216	-500	-500	-500	1,338	-	34	34
Change In Working Capital	5	-	2	-	11	-	6	-	10	-	6	-	-	-	-	-	-	-	-
Change To Account Receivables	-8	-8	-8	-8	-7	-7	-	-	-19	-19	-19	-19	-3	-3	-3	-3	-	-	-
Change To Liabilities	261	261	0	0	30	30	0	0	13	13	0	0	-50	-50	0	0	-	0	0
Change To Netincome	997	997	4,437	4,437	1,161	1,161	324	324	85	85	296	296	231	231	249	249	-	126	126
Depreciation	46	46	15	15	10	10	4	4	4	4	3	3	3	3	3	3	-	-	-
End Period Cash Flow	-	-	-	9,686	9,686	9,686	9,686	723	723	723	723	720	720	720	720	1,221	-	-	-
Free Cash Flow	-	-	-	-2,057	-2,057	-2,057	-2,057	-	-1,707	-1,707	-1,707	-	-2,842	-2,842	-2,842	-	-	-	-
Net Borrowings	-	-	-	-	-1,172	-1,172	1,404	1,404	1,404	1,404	-	-	-	-	-	-	-	-	-
Net Income	-2,530	-2,530	-5,265	-1,298	-1,298	-1,298	-1,298	-1,194	-755	-755	-755	-1,040	-700	-700	-700	-758	-	-195	-195
Other Cashflows From Financing Activities	-1,005	-1,005	-586	-10,898	-10,898	-10,898	-10,898	-154	-2,269	-2,269	-2,269	-143	-2,768	-2,768	-2,768	-495	-	-495	-495
Other Cashflows From Investing Activities	-1,088	-	-544	-544	-544	-544	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Non Cash Items	-	-	-	1,298	1,298	1,298	1,298	-	755	755	755	-	700	700	700	-	-	-	-
Sale Purchase Of Stock	51,743	-	3,913	-353	-353	-353	-353	-	-116	-116	-116	-	-253	-253	-253	5,071	-	618	618
Total Cash From Financing Activities	22,910	22,910	1,370	-537	-537	-537	-537	2,651	-564	-564	-564	1,957	-485	-485	-485	4,576	9,605	1,235	618
Total Cash From Operating Activities	-1,234	-1,234	-812	-812	-207	-207	-866	-866	-2,256	-387	-1,481	-741	-461	-461	-509	-509	-	-69	-69
Total Cashflows From Investing Activities	-6,691	-6,691	-6,628	-6,628	-1,965	-1,965	-1,075	-1,075	-4,573	-844	-2,884	-1,442	-1,915	-1,915	-2,800	-2,800	-	-514	-514

Income Statement

Currency in AUD. All numbers in thousands.

	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-12-31
Cost Of Revenue	-	-	-	0	0	0
Depreciation And Amortization	90	28	14	6	-	-
Ebit	-15,368	-4,505	-3,020	-3,052	-1,275	-432
Ebitda	-15,278	-4,477	-3,006	-3,046	-	-
Gross Profit	-	-	112	0	0	0
Income Before Tax	-15,589	-5,191	-3,020	-2,801	-849	-431
Income Tax Expense	-	-	-	0	0	0
Interest Expense	0	0	0	0	0	0
Interest Income	2,208	495	19	236	-	-
Net Income	-15,589	-5,191	-3,020	-2,801	-849	-431
Net Income Applicable To Common Shares	-15,589	-5,191	-3,020	-2,801	-1,273	-431
Net Income From Continuing Ops	-15,589	-5,191	-3,020	-2,801	-1,273	-431
Net Interest Income	2	-675	10	9	-	-
Operating Income	-13,324	-4,595	-3,176	-3,052	-849	-432
Other Operating Expenses	727	355	303	219	30	30
Reconciled Depreciation	90	28	14	6	-	-
Selling And Marketing Expenses	376	146	260	323	-	-
Selling General Administrative	9,345	2,869	1,307	1,120	830	265
Tax Provision	0	0	0	0	-	-
Total Operating Expenses	13,324	4,595	3,176	3,052	1,275	432
Total Other Income Expense Net	-2,265	-596	156	251	2	1
Total Revenue	5	11	112	9	2	0

	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-03-31	2016-12-31
Cost Of Revenue	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0
Ebit	-2,710	-2,710	-3,873	-3,873	-1,138	-1,138	-1,048	-1,048	-472	-472	-1,052	-1,052	-691	-691	-832	-832	-195	-195
Ebitda	-	-	-	-1,126	-1,126	-1,126	-1,126	-	-790	-790	-790	-	-761	-761	-761	-	-	-
Gross Profit	-	-	-	-	-	-	27	27	28	28	28	0	-1	-1	1	1	0	0
Income Before Tax	-5,060	-	-10,529	-1,298	-1,298	-1,298	-1,298	-1,194	-755	-755	-755	-1,040	-700	-700	-700	-758	-195	-195
Income Tax Expense	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0
Interest Expense	-	-	-	172	172	172	172	169	169	169	3	3	-	-	-	-	-	-
Interest Income	576	-	2,784	-	534	-	38	-	0	-	-	-	93	-	143	-	-	-
Net Income	-5,060	-	-10,529	-1,298	-1,298	-1,298	-1,298	-1,194	-755	-755	-755	-1,040	-700	-700	-700	-758	-195	-195
Net Income Applicable To Common Shares	-2,530	-2,530	-5,265	-5,265	-1,402	-1,402	-1,194	-1,194	-941	-471	-2,079	-1,040	-1,285	-642	-1,516	-758	-195	-195
Net Income From Continuing Ops	-	-	-	-	-	-	-1,194	-1,194	-471	-471	-1,040	-1,040	-642	-642	-758	-758	-195	-195
Operating Income	-5,699	-	-7,748	-1,142	-1,142	-1,142	-1,142	-1,048	-790	-790	-790	-1,052	-761	-761	-761	-832	-195	-195
Other Operating Expenses	210	210	153	153	25	25	153	153	24	24	175	175	25	25	135	135	135	135
Selling And Marketing Expenses	-	-	-	36	36	36	36	-	65	65	65	-	81	81	81	-	-	-
Selling General Administrative	5,063	-	7,443	717	717	717	717	919	327	327	327	865	280	280	280	698	195	195
Total Operating Expenses	-	-	-	388	388	388	388	1,074	399	399	399	1,052	401	401	401	833	195	195
Total Other Income Expense Net	-	-	-	-156	-156	-156	-156	-146	-35	-35	-35	13	-61	-61	-61	74	0	0
Total Revenue	3	-	2	-	5	-	6	27	28	28	28	0	3	1	6	1	0	0

Latest Income Statement (annual, 2021-06-30)

Gross Profit (+$)
totalRevenue	5
Cost of Revenue	--
Gross Profit	-	5

Operating Income (+$)
Gross Profit	-
Operating Expense	-13,324
Operating Income	-13,324	-13,324

Operating Expense (+$)
Research Development	-
Selling General Administrative	9,345
Selling And Marketing Expenses	376
Operating Expense	13,324	9,721

Net Interest Income (+$)
Interest Income	2,208
Interest Expense	-0
Other Finance Cost	-2,206
Net Interest Income	2

Pretax Income (+$)
Operating Income	-13,324
Net Interest Income	2
Other Non-Operating Income Expenses	-
Income Before Tax (EBT)	-15,589	-11,058 EBIT - interestExpense = -15,368 -15,589 -15,589
Interest Expense	0
Earnings Before Interest and Taxes (EBIT)	-15,368	-15,589
Earnings Before Interest and Taxes (EBITDA)	-15,278

After tax Income (+$)
Income Before Tax	-15,589
Tax Provision	-0
Net Income From Continuing Ops	-15,589	-15,589
Net Income	-15,589
Net Income Applicable To Common Shares	-15,589

Non-recurring Events
Discontinued Operations	-
Extraordinary Items	-
Effect of Accounting Charges	-
Other Items	-
Non Recurring	-
Other Operating Expenses	727
Total Other Income/Expenses Net	-2,265	-2

Technicals of American Pacific Borates Limited

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Directionalities and relatives.

Moving Average	Amount of candles	Trend	Price +/-	vs. MA 50	vs. MA 100	vs. MA 200

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

American Pacific Borates Limited Daily Moving Averages Chart

1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of American Pacific Borates Limited:

American Pacific Borates Limited Daily Moving Average Convergence/Divergence (MACD) Chart

1.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

The ADX helps you determine the strength of a trend. Let's take a look of the ADX of American Pacific Borates Limited:

The ADX is .

American Pacific Borates Limited Daily Directional Movement Index (DMI) Chart

1.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

The Parabolic SAR is lower than the price. The current trend is up. +2

American Pacific Borates Limited Daily Parabolic SAR Chart

2. Momentum Indicators

2.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

The RSI is below 50. -1
The RSI is below 30 and oversold. +2

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.