Avino Free Cash Flow vs Depreciation Analysis

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

Free Cash Flow vs Depreciation

Free Cash Flow vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avino Silver Gold Free Cash Flow account and Depreciation. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Avino Silver's Free Cash Flow and Depreciation is 0.11. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Depreciation in the same time period over historical financial statements of Avino Silver Gold, assuming nothing else is changed. The correlation between historical values of Avino Silver's Free Cash Flow and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Avino Silver Gold are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Free Cash Flow i.e., Avino Silver's Free Cash Flow and Depreciation go up and down completely randomly.

Correlation Coefficient

0.11

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Depreciation

Depreciation indicates how much of Avino Silver Gold value has been used up. For tax purposes Avino Silver can deduct the cost of the tangible assets it purchases as business expenses. However, Avino Silver Gold must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Most indicators from Avino Silver's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avino Silver Gold 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 Avino Silver Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Avino Silver's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Issuance Of Capital Stock is likely to grow to about 6.1 M, though Tax Provision is likely to grow to (999.4 K).

	2021	2022	2023	2024 (projected)
Interest Expense	76K	372K	381K	337.8K
Depreciation And Amortization	2.1M	2.2M	2.9M	3.1M

Interest Expense Depreciation And Amortization

Avino Silver 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	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Current Deferred Revenue	Common Stock Total Equity
Total Assets		0.48	0.12	0.9	0.98	0.98	0.12	-0.49	0.88	0.19	0.98	-0.21	0.25	0.22	0.46	0.86	0.45	0.92	0.76	-0.59	0.76	0.96	0.7	0.79	0.23	0.75
Short Long Term Debt Total	0.48		0.45	0.64	0.29	0.45	0.64	0.28	0.21	-0.02	0.43	-0.13	0.51	0.17	0.71	0.05	0.86	0.53	0.12	-0.41	0.89	0.31	0.51	0.05	-0.25	0.1
Other Current Liab	0.12	0.45		0.26	0.03	0.05	0.21	-0.02	0.04	0.11	0.07	-0.21	0.06	0.13	0.09	-0.01	0.35	0.23	0.21	-0.21	0.35	-0.04	0.29	0.08	-0.02	0.19
Total Current Liabilities	0.9	0.64	0.26		0.84	0.91	0.36	-0.34	0.86	0.03	0.91	-0.18	0.17	0.1	0.41	0.71	0.48	0.81	0.69	-0.52	0.82	0.87	0.57	0.63	0.02	0.58
Total Stockholder Equity	0.98	0.29	0.03	0.84		0.95	-0.05	-0.64	0.9	0.26	0.96	-0.2	0.14	0.24	0.32	0.94	0.26	0.85	0.8	-0.54	0.6	0.97	0.65	0.86	0.27	0.81
Property Plant And Equipment Net	0.98	0.45	0.05	0.91	0.95		0.24	-0.43	0.92	0.0	1.0	-0.17	0.21	0.02	0.4	0.83	0.43	0.91	0.8	-0.54	0.76	0.98	0.54	0.72	0.18	0.67
Net Debt	0.12	0.64	0.21	0.36	-0.05	0.24		0.62	0.14	-0.78	0.21	0.23	0.34	-0.61	0.37	-0.28	0.64	0.3	0.11	0.0	0.61	0.09	-0.2	-0.35	-0.23	-0.31
Retained Earnings	-0.49	0.28	-0.02	-0.34	-0.64	-0.43	0.62		-0.53	-0.55	-0.46	0.42	0.26	-0.37	0.24	-0.84	0.4	-0.26	-0.6	0.37	0.09	-0.54	-0.39	-0.79	-0.18	-0.74
Accounts Payable	0.88	0.21	0.04	0.86	0.9	0.92	0.14	-0.53		-0.06	0.93	-0.08	-0.08	-0.07	0.11	0.87	0.13	0.79	0.86	-0.4	0.53	0.96	0.35	0.71	0.16	0.62
Cash	0.19	-0.02	0.11	0.03	0.26	0.0	-0.78	-0.55	-0.06		0.03	-0.4	-0.01	0.94	0.12	0.35	-0.11	0.01	-0.09	-0.31	-0.08	0.08	0.69	0.49	0.11	0.49
Non Current Assets Total	0.98	0.43	0.07	0.91	0.96	1.0	0.21	-0.46	0.93	0.03		-0.16	0.2	0.04	0.39	0.85	0.41	0.91	0.82	-0.54	0.74	0.98	0.56	0.75	0.18	0.7
Non Currrent Assets Other	-0.21	-0.13	-0.21	-0.18	-0.2	-0.17	0.23	0.42	-0.08	-0.4	-0.16		0.15	-0.37	-0.02	-0.22	-0.14	-0.09	-0.11	0.52	-0.18	-0.13	-0.32	-0.16	0.07	-0.13
Other Assets	0.25	0.51	0.06	0.17	0.14	0.21	0.34	0.26	-0.08	-0.01	0.2	0.15		0.04	0.87	-0.06	0.65	0.42	-0.15	-0.18	0.51	0.12	0.38	0.03	0.08	0.09
Cash And Short Term Investments	0.22	0.17	0.13	0.1	0.24	0.02	-0.61	-0.37	-0.07	0.94	0.04	-0.37	0.04		0.24	0.25	0.06	0.05	-0.15	-0.31	0.08	0.07	0.76	0.39	0.2	0.4
Net Receivables	0.46	0.71	0.09	0.41	0.32	0.4	0.37	0.24	0.11	0.12	0.39	-0.02	0.87	0.24		0.06	0.81	0.58	-0.1	-0.42	0.73	0.31	0.61	0.14	0.03	0.16
Common Stock Shares Outstanding	0.86	0.05	-0.01	0.71	0.94	0.83	-0.28	-0.84	0.87	0.35	0.85	-0.22	-0.06	0.25	0.06		-0.05	0.67	0.82	-0.47	0.34	0.9	0.54	0.9	0.21	0.84
Non Current Liabilities Total	0.45	0.86	0.35	0.48	0.26	0.43	0.64	0.4	0.13	-0.11	0.41	-0.14	0.65	0.06	0.81	-0.05		0.61	0.09	-0.41	0.89	0.26	0.51	0.02	0.01	0.11
Inventory	0.92	0.53	0.23	0.81	0.85	0.91	0.3	-0.26	0.79	0.01	0.91	-0.09	0.42	0.05	0.58	0.67	0.61		0.68	-0.44	0.82	0.86	0.62	0.61	0.27	0.61
Other Current Assets	0.76	0.12	0.21	0.69	0.8	0.8	0.11	-0.6	0.86	-0.09	0.82	-0.11	-0.15	-0.15	-0.1	0.82	0.09	0.68		-0.4	0.43	0.8	0.27	0.7	0.24	0.71
Other Stockholder Equity	-0.59	-0.41	-0.21	-0.52	-0.54	-0.54	0.0	0.37	-0.4	-0.31	-0.54	0.52	-0.18	-0.31	-0.42	-0.47	-0.41	-0.44	-0.4		-0.53	-0.49	-0.55	-0.45	0.01	-0.45
Total Liab	0.76	0.89	0.35	0.82	0.6	0.76	0.61	0.09	0.53	-0.08	0.74	-0.18	0.51	0.08	0.73	0.34	0.89	0.82	0.43	-0.53		0.63	0.61	0.32	0.02	0.35
Property Plant And Equipment Gross	0.96	0.31	-0.04	0.87	0.97	0.98	0.09	-0.54	0.96	0.08	0.98	-0.13	0.12	0.07	0.31	0.9	0.26	0.86	0.8	-0.49	0.63		0.52	0.78	0.18	0.7
Total Current Assets	0.7	0.51	0.29	0.57	0.65	0.54	-0.2	-0.39	0.35	0.69	0.56	-0.32	0.38	0.76	0.61	0.54	0.51	0.62	0.27	-0.55	0.61	0.52		0.7	0.28	0.73
Common Stock	0.79	0.05	0.08	0.63	0.86	0.72	-0.35	-0.79	0.71	0.49	0.75	-0.16	0.03	0.39	0.14	0.9	0.02	0.61	0.7	-0.45	0.32	0.78	0.7		0.3	0.97
Current Deferred Revenue	0.23	-0.25	-0.02	0.02	0.27	0.18	-0.23	-0.18	0.16	0.11	0.18	0.07	0.08	0.2	0.03	0.21	0.01	0.27	0.24	0.01	0.02	0.18	0.28	0.3		0.35
Common Stock Total Equity	0.75	0.1	0.19	0.58	0.81	0.67	-0.31	-0.74	0.62	0.49	0.7	-0.13	0.09	0.4	0.16	0.84	0.11	0.61	0.71	-0.45	0.35	0.7	0.73	0.97	0.35

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Avino Silver Account Relationship Matchups

Avino Silver fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	72.6M	68.8M	86.3M	121.2M	128.3M	134.8M
Short Long Term Debt Total	7.3M	3.1M	1.1M	6.7M	3.5M	5.8M
Other Current Liab	3.7M	154K	163K	503K	127K	120.7K
Total Current Liabilities	9.6M	5.0M	3.8M	16.8M	13.8M	14.5M
Total Stockholder Equity	53.9M	59.0M	78.5M	98.0M	106.0M	111.3M
Property Plant And Equipment Net	45.5M	44.9M	46.7M	93.9M	103.2M	108.3M
Net Debt	(2.3M)	(8.6M)	(23.7M)	(4.6M)	766K	804.3K
Retained Earnings	(47.2M)	(54.3M)	(56.0M)	(52.0M)	(51.4M)	(48.9M)
Accounts Payable	4.9M	2.1M	3.3M	9.5M	11.9M	12.5M
Cash	9.6M	11.7M	24.8M	11.2M	2.7M	2.6M
Non Current Assets Total	49.8M	49.1M	50.8M	95.6M	104.8M	110.0M
Cash And Short Term Investments	9.6M	11.7M	24.8M	11.2M	2.7M	2.6M
Net Receivables	1.5M	529K	4.6M	2.7M	3.3M	2.1M
Common Stock Shares Outstanding	70.0M	83.2M	100.2M	117.6M	125.3M	131.6M
Liabilities And Stockholders Equity	72.6M	68.8M	86.3M	121.2M	128.3M	134.8M
Non Current Liabilities Total	9.1M	4.8M	3.9M	6.4M	8.5M	6.2M
Inventory	5.6M	1.7M	5.2M	6.3M	8.8M	9.3M
Other Current Assets	6.1M	5.8M	962K	5.4M	8.7M	9.2M
Total Liab	18.6M	9.8M	7.8M	23.2M	22.3M	23.5M
Property Plant And Equipment Gross	45.5M	44.9M	69.7M	118.9M	130.4M	137.0M
Total Current Assets	22.8M	19.7M	35.5M	25.6M	23.5M	12.6M
Accumulated Other Comprehensive Income	4.8M	5.1M	4.6M	4.6M	5.8M	3.9M
Common Stock	96.4M	108.3M	130.0M	145.5M	151.7M	91.4M
Common Stock Total Equity	81.5M	88.0M	96.4M	108.3M	124.5M	75.8M
Short Term Debt	891K	2.8M	389K	5.9M	1.8M	3.2M
Other Liab	16.4M	6.0M	4.5M	3.2M	2.9M	2.8M
Net Tangible Assets	75.2M	53.9M	59.0M	78.5M	90.3M	61.7M
Long Term Investments	3.2M	4.2M	3.9M	1.7M	934K	1.4M
Short Long Term Debt	1.5M	3.6M	72K	5.0M	164K	155.8K
Property Plant Equipment	45.5M	44.9M	46.7M	93.9M	107.9M	63.4M
Long Term Debt	6.3M	2.6M	0.0	195K	175.5K	166.7K
Long Term Debt Total	3.0M	278K	680K	745K	670.5K	637.0K
Capital Lease Obligations	1.1M	486K	1.1M	1.7M	3.1M	3.2M

Pair Trading with Avino Silver

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Avino Silver position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Avino Silver will appreciate offsetting losses from the drop in the long position's value.

Moving together with Avino Stock

0.95	AG	First Majestic Silver	Pair Corr
0.74	IE	Ivanhoe Energy	Pair Corr

Moving against Avino Stock

0.47	TD	Toronto Dominion Bank	Pair Corr
0.32	AQN	Algonquin Power Utilities	Pair Corr

The ability to find closely correlated positions to Avino Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avino Silver when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Avino Silver - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Avino Silver Gold to buy it.

The correlation of Avino Silver is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Avino Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avino Silver Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Avino Silver can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Avino Silver Gold is a strong investment it is important to analyze Avino Silver's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Avino Silver's future performance. For an informed investment choice regarding Avino Stock, refer to the following important reports:

How To Invest In Avino

Details

Is Avino Stock a good investment?

Details

What is Avino Silver's Net Worth?

Details

Largest Other Precious Metals & Mining Companies

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Largest Basic Materials Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avino Silver Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Please note, there is a significant difference between Avino Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avino Silver is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avino Silver's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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

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Avino Free Cash Flow vs Depreciation Analysis

Free Cash Flow vs Depreciation

Free Cash Flow vs Depreciation Correlation Analysis

Correlation Coefficient

Free Cash Flow

Depreciation

Avino Silver fundamental ratios Correlations

Avino Silver Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Avino Silver fundamental ratios Accounts

Pair Trading with Avino Silver

Moving together with Avino Stock

Moving against Avino Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.98	Total Assets
Property Plant And Equipment Net	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Total Assets
Property Plant And Equipment Gross	+ 0.98	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 0.98	Non Current Assets Total

Common Stock Shares Outstanding	- 0.84	Retained Earnings
Common Stock	- 0.79	Retained Earnings
Cash	- 0.78	Net Debt
Common Stock Total Equity	- 0.74	Retained Earnings
Retained Earnings	- 0.64	Total Stockholder Equity
Cash And Short Term Investments	- 0.61	Net Debt