Cameco Days Sales Outstanding vs Average Payables Analysis

CCO Stock  CAD 83.56  0.89  1.08%   
Cameco Corp financial indicator trend analysis is way more than just evaluating Cameco Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cameco Corp is a good investment. Please check the relationship between Cameco Corp Days Sales Outstanding and its Average Payables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cameco 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 board of governors.
To learn how to invest in Cameco Stock, please use our How to Invest in Cameco Corp guide.

Days Sales Outstanding vs Average Payables

Days Sales Outstanding vs Average Payables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cameco Corp Days Sales Outstanding account and Average Payables. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Cameco Corp's Days Sales Outstanding and Average Payables is -0.58. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Average Payables in the same time period over historical financial statements of Cameco Corp, assuming nothing else is changed. The correlation between historical values of Cameco Corp's Days Sales Outstanding and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Sales Outstanding of Cameco Corp are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Days Sales Outstanding i.e., Cameco Corp's Days Sales Outstanding and Average Payables go up and down completely randomly.

Correlation Coefficient

-0.58
Relationship DirectionNegative 
Relationship StrengthVery Weak

Days Sales Outstanding

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.
Most indicators from Cameco Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cameco 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 Cameco 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 board of governors.
To learn how to invest in Cameco Stock, please use our How to Invest in Cameco Corp guide.At this time, Cameco Corp's Tax Provision is very stable compared to the past year. As of the 4th of December 2024, Issuance Of Capital Stock is likely to grow to about 1 B, while Selling General Administrative is likely to drop about 123.2 M.
 2021 2022 2023 2024 (projected)
Gross Profit1.9M233.3M561.7M522.6M
Total Revenue1.5B1.9B2.6B1.7B

Cameco Corp fundamental ratios Correlations

0.880.640.470.990.750.40.940.60.510.960.260.390.570.920.950.560.16-0.070.980.460.770.310.230.3-0.76
0.880.510.510.830.760.660.850.510.260.930.070.030.620.780.880.65-0.22-0.20.940.260.490.540.220.09-0.53
0.640.510.250.630.450.150.540.170.410.540.110.460.230.530.650.440.160.150.640.320.680.52-0.20.45-0.44
0.470.510.250.40.270.70.330.660.00.51-0.130.090.470.650.330.110.16-0.050.530.640.240.030.190.0-0.4
0.990.830.630.40.730.330.940.570.530.940.310.430.510.910.930.560.18-0.090.940.460.80.270.20.35-0.76
0.750.760.450.270.730.510.890.450.190.72-0.040.060.610.560.780.71-0.140.050.750.080.570.460.510.25-0.29
0.40.660.150.70.330.510.40.5-0.430.52-0.31-0.460.450.420.360.59-0.41-0.080.480.180.00.570.21-0.06-0.05
0.940.850.540.330.940.890.40.520.420.920.240.260.610.810.910.620.07-0.020.90.270.70.340.350.28-0.62
0.60.510.170.660.570.450.50.52-0.020.58-0.320.170.60.650.440.250.330.260.590.570.45-0.070.570.27-0.32
0.510.260.410.00.530.19-0.430.42-0.020.40.590.740.150.540.57-0.110.42-0.250.480.420.62-0.21-0.110.06-0.78
0.960.930.540.510.940.720.520.920.580.40.270.160.570.90.920.560.02-0.170.970.40.570.360.20.08-0.69
0.260.070.11-0.130.31-0.04-0.310.24-0.320.590.270.27-0.10.350.32-0.110.29-0.220.20.010.17-0.17-0.23-0.25-0.64
0.390.030.460.090.430.06-0.460.260.170.740.160.270.150.40.31-0.20.680.170.30.430.81-0.340.030.61-0.58
0.570.620.230.470.510.610.450.610.60.150.57-0.10.150.560.520.10.280.380.60.130.40.150.540.17-0.31
0.920.780.530.650.910.560.420.810.650.540.90.350.40.560.860.370.32-0.120.90.680.690.150.150.15-0.88
0.950.880.650.330.930.780.360.910.440.570.920.320.310.520.860.620.04-0.150.960.380.720.430.180.16-0.74
0.560.650.440.110.560.710.590.620.25-0.110.56-0.11-0.20.10.370.62-0.52-0.190.550.060.370.770.050.29-0.16
0.16-0.220.160.160.18-0.14-0.410.070.330.420.020.290.680.280.320.04-0.520.580.070.370.44-0.590.220.27-0.42
-0.07-0.20.15-0.05-0.090.05-0.08-0.020.26-0.25-0.17-0.220.170.38-0.12-0.15-0.190.58-0.1-0.240.17-0.110.440.40.23
0.980.940.640.530.940.750.480.90.590.480.970.20.30.60.90.960.550.07-0.10.440.70.360.240.19-0.72
0.460.260.320.640.460.080.180.270.570.420.40.010.430.130.680.380.060.37-0.240.440.46-0.12-0.140.11-0.64
0.770.490.680.240.80.570.00.70.450.620.570.170.810.40.690.720.370.440.170.70.460.10.220.71-0.67
0.310.540.520.030.270.460.570.34-0.07-0.210.36-0.17-0.340.150.150.430.77-0.59-0.110.36-0.120.1-0.30.130.02
0.230.22-0.20.190.20.510.210.350.57-0.110.2-0.230.030.540.150.180.050.220.440.24-0.140.22-0.30.120.09
0.30.090.450.00.350.25-0.060.280.270.060.08-0.250.610.170.150.160.290.270.40.190.110.710.130.12-0.09
-0.76-0.53-0.44-0.4-0.76-0.29-0.05-0.62-0.32-0.78-0.69-0.64-0.58-0.31-0.88-0.74-0.16-0.420.23-0.72-0.64-0.670.020.09-0.09
Click cells to compare fundamentals

Cameco Corp Account Relationship Matchups

Cameco Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.4B7.6B7.5B8.6B9.9B6.2B
Short Long Term Debt Total1.0B1.0B996.3M997M1.8B934.9M
Other Current Liab177.0M140.5M196.2M304.4M252.2M142.1M
Total Current Liabilities277.4M303.8M413.7M560.8M1.2B1.2B
Total Stockholder Equity5.0B5.0B4.8B5.8B6.1B3.9B
Property Plant And Equipment Net3.7B3.8B3.6B3.5B3.4B3.5B
Net Debt130.0M267.3M(17.9M)92.3M1.2B1.3B
Retained Earnings2.8B2.7B2.6B2.7B3.0B2.0B
Accounts Payable100.4M137.2M213.4M250.0M388.9M241.5M
Cash866.7M728.2M1.0B904.7M566.8M410.8M
Non Current Assets Total5.6B5.6B5.4B5.3B8.1B4.6B
Non Currrent Assets Other1.3B1.3B577.5M595.5M613.8M537.4M
Cash And Short Term Investments866.7M753.2M1.1B2.0B566.8M538.9M
Net Receivables338.3M231.9M304.3M217.2M413.8M322.5M
Liabilities And Stockholders Equity7.4B7.6B7.5B8.6B9.9B6.2B
Non Current Liabilities Total2.2B2.3B2.3B2.2B2.7B1.7B
Inventory406.3M769.8M504.9M822.6M692.3M622.7M
Other Current Assets195.7M190.1M233.3M239M169.0M165.4M
Other Stockholder Equity306.4M352.8M230.0M224.7M200.4M190.4M
Total Liab2.4B2.6B2.7B2.8B3.8B2.2B
Property Plant And Equipment Gross3.7B3.8B9.2B9.4B9.5B10.0B
Total Current Assets1.8B1.9B2.1B3.3B1.8B1.6B
Accumulated Other Comprehensive Income(5.3B)(5.5B)72.8M34.7M(15.3M)(16.0M)
Short Term Debt4.0M26.1M2.7M2.7M499.8M307.3M
Current Deferred Revenue(4.0M)114.4M(2.7M)(2.7M)24.1M22.9M
Intangible Assets60.4M55.8M51.2M47.1M43.6M69.1M
Common Stock1.9B1.9B1.9B2.9B2.9B2.2B
Other Liab1.1B1.3B1.2B1.1B1.3B1.2B
Net Tangible Assets4.9B4.9B4.8B5.8B6.7B5.6B
Other Assets1.6B1.6B1.5B984.1M1.1B1.4B
Long Term Debt996.7M995.5M996.3M997M1.3B984.0M
Long Term Investments252.7M219.7M233.2M211.0M3.8B4.0B
Short Long Term Debt499.6M33.1M26.1M499.8M449.8M748.0M
Property Plant Equipment3.7B3.8B3.6B3.5B3.1B3.4B
Long Term Debt Total1.0B1.0B996.3M997M897.3M948.2M

Pair Trading with Cameco Corp

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 Cameco Corp 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 Cameco Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Cameco Stock

  0.95ENB-PFV Enbridge Pref 5PairCorr
  0.76ENB-PFU Enbridge Pref LPairCorr
  0.9ENS E Split CorpPairCorr
  0.81ENS-PA E Split CorpPairCorr

Moving against Cameco Stock

  0.65SAGE Sage Potash CorpPairCorr
The ability to find closely correlated positions to Cameco Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cameco Corp 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 Cameco Corp - 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 Cameco Corp to buy it.
The correlation of Cameco Corp 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 Cameco Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cameco Corp 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 Cameco Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Cameco Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Cameco Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Cameco Corp Stock. Highlighted below are key reports to facilitate an investment decision about Cameco Corp Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cameco 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 board of governors.
To learn how to invest in Cameco Stock, please use our How to Invest in Cameco Corp guide.
You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Please note, there is a significant difference between Cameco Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cameco Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cameco Corp'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.