Signature Property Plant And Equipment Net vs Total Current Assets Analysis
SGU Stock | CAD 0.03 0.01 14.29% |
Signature Resources financial indicator trend analysis is much more than just breaking down Signature Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Signature Resources is a good investment. Please check the relationship between Signature Resources Property Plant And Equipment Net and its Total Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Signature Resources. 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.
Property Plant And Equipment Net vs Total Current Assets
Property Plant And Equipment Net vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Signature Resources Property Plant And Equipment Net account and Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Signature Resources' Property Plant And Equipment Net and Total Current Assets is 0.88. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Signature Resources, assuming nothing else is changed. The correlation between historical values of Signature Resources' Property Plant And Equipment Net and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Signature Resources are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Property Plant And Equipment Net i.e., Signature Resources' Property Plant And Equipment Net and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from Signature Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Signature Resources 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Signature Resources. 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, Signature Resources' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 3.5 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 888.2 K in 2024.
Signature Resources fundamental ratios Correlations
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Signature Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Signature Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 7.2M | 15.9M | 1.3M | 955.4K | 1.1M | 1.0M | |
Total Current Liabilities | 1.6M | 1.4M | 1.5M | 1.1M | 1.2M | 1.1M | |
Total Stockholder Equity | 5.4M | 13.6M | (942.2K) | (955.7K) | (1.1M) | (1.0M) | |
Property Plant And Equipment Net | 6.7M | 14.1M | 1.1M | 766.2K | 881.2K | 837.1K | |
Net Debt | (462.2K) | (75.3K) | (3.2K) | (121.2K) | (109.1K) | (114.5K) | |
Retained Earnings | (4.6M) | (6.0M) | (23.2M) | (24.3M) | (21.9M) | (20.8M) | |
Cash | 462.2K | 75.3K | 3.2K | 121.2K | 139.4K | 177.9K | |
Non Current Assets Total | 6.7M | 14.1M | 1.1M | 766.2K | 881.2K | 837.1K | |
Cash And Short Term Investments | 462.2K | 1.4M | 60.7K | 126.9K | 146.0K | 138.7K | |
Net Receivables | 63.1K | 254.5K | 52.1K | 14.9K | 17.1K | 16.3K | |
Liabilities And Stockholders Equity | 7.2M | 15.9M | 1.3M | 955.4K | 1.1M | 1.0M | |
Other Stockholder Equity | 2.2M | 4.0M | 4.4M | 4.5M | 5.1M | 5.4M | |
Total Liab | 1.9M | 2.2M | 2.3M | 1.9M | 2.2M | 1.5M | |
Total Current Assets | 548.0K | 1.7M | 185.0K | 189.2K | 217.6K | 416.4K | |
Other Current Liab | 1.0M | 1.0M | 971.9K | 934.8K | 1.1M | 1.0M | |
Common Stock Shares Outstanding | 23.0M | 41.6M | 10.5M | 80.9M | 93.0M | 97.7M | |
Net Tangible Assets | 4.4M | 5.4M | 803.6K | (942.2K) | (1.1M) | (1.0M) | |
Accounts Payable | 546.8K | 374.1K | 491.6K | 130.1K | 149.6K | 288.2K | |
Common Stock | 7.7M | 15.6M | 17.9M | 18.9M | 21.7M | 22.8M | |
Property Plant Equipment | 6.2M | 6.7M | 1.3M | 1.1M | 1.3M | 1.2M | |
Other Current Assets | 40.1K | 22.7K | 67.3K | 72.2K | 83.0K | 87.2K | |
Net Invested Capital | 5.4M | 13.6M | (942.2K) | (955.7K) | (860.1K) | (817.1K) | |
Net Working Capital | (1.0M) | 350.5K | (1.3M) | (875.7K) | (1.0M) | (1.1M) | |
Capital Stock | 7.7M | 15.6M | 17.9M | 18.9M | 21.7M | 13.3M |
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