Skyharbour Average Inventory vs Capex To Depreciation Analysis

SYH Stock  CAD 0.37  0.02  5.13%   
Skyharbour Resources financial indicator trend analysis is much more than just breaking down Skyharbour Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Skyharbour Resources is a good investment. Please check the relationship between Skyharbour Resources Average Inventory and its Capex To Depreciation accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skyharbour 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.

Average Inventory vs Capex To Depreciation

Average Inventory vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Skyharbour Resources Average Inventory account and Capex To Depreciation. At this time, the significance of the direction appears to have very week relationship.
The correlation between Skyharbour Resources' Average Inventory and Capex To Depreciation is 0.22. Overlapping area represents the amount of variation of Average Inventory that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Skyharbour Resources, assuming nothing else is changed. The correlation between historical values of Skyharbour Resources' Average Inventory and Capex To 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 Average Inventory of Skyharbour Resources are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Average Inventory i.e., Skyharbour Resources' Average Inventory and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

0.22
Relationship DirectionPositive 
Relationship StrengthVery Weak

Average Inventory

The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.

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.
Most indicators from Skyharbour Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Skyharbour 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 Skyharbour 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, Skyharbour Resources' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 48 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 6.4 M in 2024.
 2023 2024 (projected)
Net Interest Income141.0K148.0K
Non Recurring53.5K41.9K

Skyharbour Resources fundamental ratios Correlations

0.871.00.99-0.95-0.920.760.950.990.910.910.990.070.870.910.530.820.890.990.960.820.910.760.92-0.73-0.73
0.870.850.89-0.85-0.770.780.870.890.690.980.830.081.00.70.120.960.660.790.750.510.740.440.82-0.9-0.9
1.00.850.99-0.95-0.920.750.950.990.910.891.00.070.850.920.550.80.90.990.970.830.910.770.92-0.71-0.71
0.990.890.99-0.91-0.920.760.911.00.840.930.980.090.890.850.430.850.870.970.960.750.880.670.9-0.76-0.76
-0.95-0.85-0.95-0.910.85-0.76-1.0-0.91-0.96-0.87-0.930.01-0.85-0.96-0.58-0.78-0.83-0.93-0.87-0.85-0.89-0.83-0.890.70.7
-0.92-0.77-0.92-0.920.85-0.73-0.84-0.92-0.8-0.77-0.930.23-0.77-0.81-0.47-0.7-0.87-0.91-0.91-0.75-0.83-0.65-0.830.590.59
0.760.780.750.76-0.76-0.730.760.760.680.770.750.00.780.690.290.60.680.750.750.590.620.460.65-0.52-0.52
0.950.870.950.91-1.0-0.840.760.910.950.890.930.00.870.950.560.80.810.930.870.830.870.810.88-0.74-0.74
0.990.890.991.0-0.91-0.920.760.910.840.930.980.090.890.850.430.850.870.970.960.750.880.670.9-0.76-0.76
0.910.690.910.84-0.96-0.80.680.950.840.740.90.010.691.00.790.620.840.930.860.930.880.940.86-0.54-0.54
0.910.980.890.93-0.87-0.770.770.890.930.740.870.190.980.750.210.950.720.850.820.60.790.520.85-0.88-0.88
0.990.831.00.98-0.93-0.930.750.930.980.90.870.070.830.910.560.780.910.990.980.840.910.770.91-0.68-0.68
0.070.080.070.090.010.230.00.00.090.010.190.070.080.010.00.160.080.090.090.050.140.060.15-0.09-0.09
0.871.00.850.89-0.85-0.770.780.870.890.690.980.830.080.70.120.960.660.790.750.510.740.440.82-0.9-0.9
0.910.70.920.85-0.96-0.810.690.950.851.00.750.910.010.70.780.630.840.930.870.930.890.940.87-0.56-0.56
0.530.120.550.43-0.58-0.470.290.560.430.790.210.560.00.120.780.080.620.620.550.860.640.920.550.020.02
0.820.960.80.85-0.78-0.70.60.80.850.620.950.780.160.960.630.080.60.730.670.450.730.410.82-0.92-0.92
0.890.660.90.87-0.83-0.870.680.810.870.840.720.910.080.660.840.620.60.920.910.90.950.770.9-0.37-0.37
0.990.790.990.97-0.93-0.910.750.930.970.930.850.990.090.790.930.620.730.920.980.870.910.810.9-0.63-0.63
0.960.750.970.96-0.87-0.910.750.870.960.860.820.980.090.750.870.550.670.910.980.820.860.730.83-0.59-0.59
0.820.510.830.75-0.85-0.750.590.830.750.930.60.840.050.510.930.860.450.90.870.820.90.950.83-0.29-0.29
0.910.740.910.88-0.89-0.830.620.870.880.880.790.910.140.740.890.640.730.950.910.860.90.830.98-0.51-0.51
0.760.440.770.67-0.83-0.650.460.810.670.940.520.770.060.440.940.920.410.770.810.730.950.830.77-0.3-0.3
0.920.820.920.9-0.89-0.830.650.880.90.860.850.910.150.820.870.550.820.90.90.830.830.980.77-0.62-0.62
-0.73-0.9-0.71-0.760.70.59-0.52-0.74-0.76-0.54-0.88-0.68-0.09-0.9-0.560.02-0.92-0.37-0.63-0.59-0.29-0.51-0.3-0.621.0
-0.73-0.9-0.71-0.760.70.59-0.52-0.74-0.76-0.54-0.88-0.68-0.09-0.9-0.560.02-0.92-0.37-0.63-0.59-0.29-0.51-0.3-0.621.0
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Skyharbour Resources Account Relationship Matchups

Skyharbour Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets11.1M16.1M23.0M24.6M33.4M35.1M
Total Current Liabilities167.0K94.8K464.9K751.2K2.2M2.3M
Total Stockholder Equity11.0M16.0M22.5M23.8M31.3M32.8M
Property Plant And Equipment Net10.3M10.1M14.3M18.7M26.1M27.4M
Net Debt(610.9K)(3.4M)(4.6M)(3.1M)(5.9M)(5.6M)
Retained Earnings(40.1M)(41.0M)(43.8M)(48.9M)(53.7M)(51.0M)
Accounts Payable158.4K87.9K464.9K513.8K590.8K620.4K
Cash610.9K3.4M4.6M3.1M5.9M6.2M
Non Current Assets Total10.3M10.1M14.3M18.7M26.1M27.4M
Cash And Short Term Investments610.9K5.6M8.2M5.4M6.6M7.0M
Net Receivables77.2K53.9K111.6K132.2K293.3K307.9K
Common Stock Shares Outstanding67.8M91.4M124.7M141.7M168.8M177.2M
Liabilities And Stockholders Equity11.1M16.1M23.0M24.6M33.4M35.1M
Other Stockholder Equity4.3M4.3M21.6K5.7M5.2M4.9M
Total Liab167.0K94.8K464.9K751.2K2.2M2.3M
Total Current Assets795.5K6.0M8.7M5.9M7.3M7.7M
Accumulated Other Comprehensive Income4.3M4.8M5.7M6.7M8.4M8.8M
Other Current Liab8.6K6.9K17.3K751.2K2.2M2.3M
Common Stock46.8M52.1M60.6M66.0M76.6M49.4M
Net Tangible Assets10.8M11.0M16.0M22.5M25.9M27.2M
Property Plant Equipment9.6M10.3M10.1M14.3M16.4M17.2M
Other Current Assets107.4K312.3K476.5K339.5K374.9K200.7K
Net Invested Capital11.0M16.0M22.5M23.8M31.3M19.4M
Net Working Capital628.6K5.9M8.3M5.2M5.1M4.3M
Capital Stock46.8M52.1M60.6M66.0M76.6M63.7M

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