Altamira Capex To Depreciation vs Days Sales Outstanding Analysis

ALTA Stock

CAD 0.12 0.01 9.09%

Altamira Gold financial indicator trend analysis is way more than just evaluating Altamira Gold Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Altamira Gold Corp is a good investment. Please check the relationship between Altamira Gold Capex To Depreciation and its Days Sales Outstanding accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altamira Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Capex To Depreciation vs Days Sales Outstanding

Capex To Depreciation vs Days Sales Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altamira Gold Corp Capex To Depreciation account and Days Sales Outstanding. At this time, the significance of the direction appears to have strong relationship.

The correlation between Altamira Gold's Capex To Depreciation and Days Sales Outstanding is 0.67. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of Altamira Gold Corp, assuming nothing else is changed. The correlation between historical values of Altamira Gold's Capex To Depreciation and Days Sales Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Altamira Gold Corp are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Capex To Depreciation i.e., Altamira Gold's Capex To Depreciation and Days Sales Outstanding go up and down completely randomly.

Correlation Coefficient

0.67

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Days Sales Outstanding

Most indicators from Altamira Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Altamira Gold Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altamira Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

At this time, Altamira Gold's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 106.3 K in 2024.

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	9.4K	10.2K	11.3K	13.5K
Interest Income	15.2K	51.4K	72.8K	76.4K

Reconciled Depreciation Interest Income

Altamira Gold fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Inventory	Short Term Investments	Other Liab	Net Tangible Assets	Common Stock	Property Plant Equipment
Total Assets		0.49	0.63	0.79	1.0	0.57	-0.58	-0.92	0.73	0.84	0.63	0.14	0.56	-0.2	0.64	0.16	-0.07	-0.4	0.85	0.84	-0.25	0.67	0.66	0.72	0.98	0.7
Short Long Term Debt Total	0.49		0.0	0.07	0.5	0.56	-0.47	-0.58	-0.07	0.66	0.19	-0.31	0.47	-0.23	0.32	0.47	-0.5	-0.13	0.24	0.65	-0.3	0.48	0.61	0.72	0.59	0.63
Other Current Liab	0.63	0.0		0.64	0.63	-0.13	-0.51	-0.47	0.72	0.57	0.49	0.62	0.48	-0.04	0.54	-0.48	0.42	-0.46	0.52	0.58	0.19	0.46	0.03	-0.06	0.56	-0.08
Total Current Liabilities	0.79	0.07	0.64		0.78	0.3	-0.36	-0.6	0.95	0.6	0.46	0.21	0.34	-0.14	0.41	-0.1	0.06	-0.43	0.96	0.6	0.15	0.29	0.38	0.43	0.71	0.44
Total Stockholder Equity	1.0	0.5	0.63	0.78		0.57	-0.58	-0.93	0.72	0.84	0.63	0.14	0.56	-0.2	0.64	0.16	-0.07	-0.4	0.84	0.84	-0.26	0.68	0.66	0.72	0.98	0.7
Property Plant And Equipment Net	0.57	0.56	-0.13	0.3	0.57		-0.26	-0.53	0.13	0.39	0.47	-0.42	0.26	-0.37	0.28	0.67	-0.51	-0.38	0.52	0.37	-0.45	0.38	0.84	0.87	0.65	0.89
Net Debt	-0.58	-0.47	-0.51	-0.36	-0.58	-0.26		0.36	-0.32	-0.79	-0.75	-0.54	-1.0	0.26	-0.8	0.36	-0.39	0.57	-0.38	-0.78	0.12	-0.65	-0.2	-0.36	-0.56	-0.25
Retained Earnings	-0.92	-0.58	-0.47	-0.6	-0.93	-0.53	0.36		-0.56	-0.75	-0.39	0.07	-0.34	0.08	-0.47	-0.39	0.25	0.1	-0.68	-0.75	0.39	-0.61	-0.68	-0.73	-0.92	-0.72
Accounts Payable	0.73	-0.07	0.72	0.95	0.72	0.13	-0.32	-0.56		0.55	0.41	0.3	0.29	-0.01	0.43	-0.21	0.18	-0.29	0.85	0.55	0.17	0.23	0.2	0.25	0.62	0.27
Cash	0.84	0.66	0.57	0.6	0.84	0.39	-0.79	-0.75	0.55		0.47	0.14	0.77	-0.15	0.59	-0.04	0.0	-0.32	0.61	1.0	-0.18	0.55	0.37	0.6	0.81	0.49
Non Current Assets Total	0.63	0.19	0.49	0.46	0.63	0.47	-0.75	-0.39	0.41	0.47		0.61	0.76	-0.37	0.88	-0.18	0.39	-0.75	0.55	0.46	-0.19	0.79	0.5	0.42	0.64	0.43
Non Currrent Assets Other	0.14	-0.31	0.62	0.21	0.14	-0.42	-0.54	0.07	0.3	0.14	0.61		0.55	-0.04	0.66	-0.79	0.86	-0.44	0.1	0.14	0.21	0.47	-0.24	-0.35	0.08	-0.36
Cash And Short Term Investments	0.56	0.47	0.48	0.34	0.56	0.26	-1.0	-0.34	0.29	0.77	0.76	0.55		-0.27	0.81	-0.36	0.39	-0.58	0.36	0.76	-0.11	0.67	0.21	0.36	0.55	0.26
Net Receivables	-0.2	-0.23	-0.04	-0.14	-0.2	-0.37	0.26	0.08	-0.01	-0.15	-0.37	-0.04	-0.27		-0.26	0.01	0.17	0.54	-0.26	-0.12	-0.16	-0.32	-0.36	-0.34	-0.28	-0.33
Common Stock Shares Outstanding	0.64	0.32	0.54	0.41	0.64	0.28	-0.8	-0.47	0.43	0.59	0.88	0.66	0.81	-0.26		-0.27	0.36	-0.56	0.47	0.58	-0.05	0.87	0.4	0.39	0.64	0.36
Non Current Liabilities Total	0.16	0.47	-0.48	-0.1	0.16	0.67	0.36	-0.39	-0.21	-0.04	-0.18	-0.79	-0.36	0.01	-0.27		-0.71	0.31	0.09	-0.04	-0.58	-0.03	0.65	0.58	0.24	0.63
Other Current Assets	-0.07	-0.5	0.42	0.06	-0.07	-0.51	-0.39	0.25	0.18	0.0	0.39	0.86	0.39	0.17	0.36	-0.71		-0.13	-0.11	0.01	-0.04	0.11	-0.48	-0.54	-0.19	-0.55
Other Stockholder Equity	-0.4	-0.13	-0.46	-0.43	-0.4	-0.38	0.57	0.1	-0.29	-0.32	-0.75	-0.44	-0.58	0.54	-0.56	0.31	-0.13		-0.52	-0.3	-0.3	-0.56	-0.39	-0.28	-0.46	-0.28
Total Liab	0.85	0.24	0.52	0.96	0.84	0.52	-0.38	-0.68	0.85	0.61	0.55	0.1	0.36	-0.26	0.47	0.09	-0.11	-0.52		0.61	0.06	0.42	0.62	0.63	0.82	0.66
Total Current Assets	0.84	0.65	0.58	0.6	0.84	0.37	-0.78	-0.75	0.55	1.0	0.46	0.14	0.76	-0.12	0.58	-0.04	0.01	-0.3	0.61		-0.18	0.54	0.35	0.58	0.81	0.48
Inventory	-0.25	-0.3	0.19	0.15	-0.26	-0.45	0.12	0.39	0.17	-0.18	-0.19	0.21	-0.11	-0.16	-0.05	-0.58	-0.04	-0.3	0.06	-0.18		-0.15	-0.34	-0.35	-0.25	-0.35
Short Term Investments	0.67	0.48	0.46	0.29	0.68	0.38	-0.65	-0.61	0.23	0.55	0.79	0.47	0.67	-0.32	0.87	-0.03	0.11	-0.56	0.42	0.54	-0.15		0.63	0.53	0.74	0.52
Other Liab	0.66	0.61	0.03	0.38	0.66	0.84	-0.2	-0.68	0.2	0.37	0.5	-0.24	0.21	-0.36	0.4	0.65	-0.48	-0.39	0.62	0.35	-0.34	0.63		0.87	0.76	0.91
Net Tangible Assets	0.72	0.72	-0.06	0.43	0.72	0.87	-0.36	-0.73	0.25	0.6	0.42	-0.35	0.36	-0.34	0.39	0.58	-0.54	-0.28	0.63	0.58	-0.35	0.53	0.87		0.79	0.99
Common Stock	0.98	0.59	0.56	0.71	0.98	0.65	-0.56	-0.92	0.62	0.81	0.64	0.08	0.55	-0.28	0.64	0.24	-0.19	-0.46	0.82	0.81	-0.25	0.74	0.76	0.79		0.78
Property Plant Equipment	0.7	0.63	-0.08	0.44	0.7	0.89	-0.25	-0.72	0.27	0.49	0.43	-0.36	0.26	-0.33	0.36	0.63	-0.55	-0.28	0.66	0.48	-0.35	0.52	0.91	0.99	0.78

Click cells to compare fundamentals

Altamira Gold Account Relationship Matchups

Altamira Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	12.1M	11.8M	15.4M	19.8M	19.5M	25.0M
Other Current Liab	86.4K	88.5K	142.0K	101.4K	84.7K	672.8K
Total Current Liabilities	289.0K	175.0K	284.4K	365.4K	529.4K	712.3K
Total Stockholder Equity	11.7M	11.4M	15.0M	19.3M	18.8M	24.2M
Retained Earnings	(25.2M)	(26.3M)	(29.0M)	(30.6M)	(32.4M)	(34.0M)
Accounts Payable	120.7K	85.1K	142.5K	264.1K	444.7K	662.1K
Cash	1.1M	123.7K	4.0M	5.5M	1.6M	4.7M
Net Receivables	27.8K	7.0K	15.9K	18.4K	33.6K	64.1K
Non Current Liabilities Total	157.7K	148.5K	149.8K	92.0K	197.3K	0.0
Other Stockholder Equity	3.5M	3.8M	4.4M	5.0M	5.7M	174.7K
Total Liab	446.7K	323.6K	434.2K	457.4K	726.7K	712.3K
Total Current Assets	1.1M	139.3K	4.1M	5.6M	1.6M	4.9M
Other Liab	157.7K	148.5K	149.8K	92.0K	197.3K	57.4K
Net Tangible Assets	11.7M	11.4M	15.0M	19.3M	18.8M	566.9K
Common Stock	33.4M	34.4M	41.6M	46.5M	46.6M	52.6M
Property Plant Equipment	10.9M	11.5M	11.3M	14.2M	17.9M	648.4K

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Altamira Stock Analysis

When running Altamira Gold's price analysis, check to measure Altamira Gold'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 Altamira Gold is operating at the current time. Most of Altamira Gold's value examination focuses on studying past and present price action to predict the probability of Altamira Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altamira Gold's price. Additionally, you may evaluate how the addition of Altamira Gold to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC