Teck Payout Ratio vs Inventory Turnover Analysis

TECK-B Stock

CAD 64.30 0.64 0.99%

Teck Resources financial indicator trend analysis is much more than just breaking down Teck Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Teck Resources is a good investment. Please check the relationship between Teck Resources Payout Ratio and its Inventory Turnover accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Teck Resources Limited. 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.

Payout Ratio vs Inventory Turnover

Payout Ratio vs Inventory Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Teck Resources Payout Ratio account and Inventory Turnover. At this time, the significance of the direction appears to have no relationship.

The correlation between Teck Resources' Payout Ratio and Inventory Turnover is 0.09. Overlapping area represents the amount of variation of Payout Ratio that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of Teck Resources Limited, assuming nothing else is changed. The correlation between historical values of Teck Resources' Payout Ratio and Inventory Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payout Ratio of Teck Resources Limited are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Payout Ratio i.e., Teck Resources' Payout Ratio and Inventory Turnover go up and down completely randomly.

Correlation Coefficient

0.09

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Payout Ratio

Payout Ratio is the proportion of Teck Resources Limited earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Teck Resources dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Teck Resources is paying out more in dividends than it makes in net income.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Most indicators from Teck Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Teck 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 Teck Resources Limited. 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 present, Teck Resources' Enterprise Value Over EBITDA is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 8.07, whereas Selling General Administrative is forecasted to decline to about 251.3 M.

	2021	2022	2023	2024 (projected)
Total Revenue	13.5B	17.3B	15.0B	15.8B
Depreciation And Amortization	1.6B	1.8B	1.9B	2.0B

Total Revenue Depreciation And Amortization

Teck Resources 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	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Current Deferred Revenue	Common Stock	Short Term Investments	Good Will
Total Assets		0.89	0.8	0.91	0.99	0.99	0.86	0.98	0.92	0.04	1.0	0.18	0.04	0.94	0.58	0.98	0.99	0.51	-0.56	0.99	0.61	0.72	0.02	0.74	-0.71	0.14
Short Long Term Debt Total	0.89		0.68	0.78	0.82	0.88	0.92	0.78	0.76	0.15	0.88	0.15	0.15	0.9	0.57	0.96	0.86	0.39	-0.61	0.94	0.59	0.67	0.01	0.73	-0.68	0.25
Other Current Liab	0.8	0.68		0.86	0.77	0.78	0.68	0.79	0.77	-0.03	0.78	-0.16	-0.03	0.64	0.34	0.75	0.79	0.87	-0.3	0.8	0.63	0.76	-0.08	0.42	-0.48	0.01
Total Current Liabilities	0.91	0.78	0.86		0.86	0.92	0.83	0.91	0.97	-0.17	0.91	0.15	-0.16	0.83	0.21	0.84	0.92	0.68	-0.23	0.91	0.45	0.89	-0.01	0.41	-0.37	-0.12
Total Stockholder Equity	0.99	0.82	0.77	0.86		0.97	0.78	0.98	0.89	0.07	0.98	0.21	0.07	0.9	0.63	0.94	0.98	0.48	-0.59	0.95	0.63	0.66	0.06	0.77	-0.75	0.17
Property Plant And Equipment Net	0.99	0.88	0.78	0.92	0.97		0.89	0.97	0.94	-0.07	1.0	0.23	-0.07	0.93	0.52	0.97	0.98	0.49	-0.48	0.98	0.53	0.72	-0.04	0.69	-0.66	0.06
Net Debt	0.86	0.92	0.68	0.83	0.78	0.89		0.78	0.85	-0.25	0.89	0.26	-0.25	0.85	0.35	0.9	0.83	0.43	-0.32	0.91	0.32	0.68	-0.16	0.54	-0.5	-0.08
Retained Earnings	0.98	0.78	0.79	0.91	0.98	0.97	0.78		0.94	-0.02	0.97	0.19	-0.02	0.89	0.5	0.91	0.98	0.52	-0.46	0.94	0.57	0.73	0.05	0.66	-0.63	0.07
Accounts Payable	0.92	0.76	0.77	0.97	0.89	0.94	0.85	0.94		-0.24	0.94	0.22	-0.23	0.87	0.25	0.86	0.93	0.56	-0.22	0.92	0.38	0.79	-0.05	0.45	-0.41	-0.19
Cash	0.04	0.15	-0.03	-0.17	0.07	-0.07	-0.25	-0.02	-0.24		-0.05	-0.29	1.0	0.09	0.49	0.09	0.05	-0.13	-0.7	0.02	0.62	-0.04	0.46	0.44	-0.4	0.82
Non Current Assets Total	1.0	0.88	0.78	0.91	0.98	1.0	0.89	0.97	0.94	-0.05		0.22	-0.05	0.93	0.54	0.97	0.98	0.49	-0.51	0.98	0.55	0.71	-0.03	0.71	-0.68	0.07
Non Currrent Assets Other	0.18	0.15	-0.16	0.15	0.21	0.23	0.26	0.19	0.22	-0.29	0.22		-0.29	0.22	0.15	0.15	0.19	-0.1	-0.08	0.16	-0.11	0.04	0.36	0.22	-0.09	-0.17
Cash And Short Term Investments	0.04	0.15	-0.03	-0.16	0.07	-0.07	-0.25	-0.02	-0.23	1.0	-0.05	-0.29		0.09	0.49	0.09	0.05	-0.13	-0.7	0.03	0.62	-0.04	0.46	0.44	-0.4	0.82
Net Receivables	0.94	0.9	0.64	0.83	0.9	0.93	0.85	0.89	0.87	0.09	0.93	0.22	0.09		0.54	0.95	0.93	0.35	-0.54	0.95	0.58	0.64	0.11	0.72	-0.65	0.13
Common Stock Shares Outstanding	0.58	0.57	0.34	0.21	0.63	0.52	0.35	0.5	0.25	0.49	0.54	0.15	0.49	0.54		0.63	0.51	0.08	-0.93	0.54	0.73	0.03	0.12	0.95	-0.98	0.63
Non Current Liabilities Total	0.98	0.96	0.75	0.84	0.94	0.97	0.9	0.91	0.86	0.09	0.97	0.15	0.09	0.95	0.63		0.95	0.43	-0.62	0.99	0.62	0.66	-0.02	0.79	-0.76	0.2
Inventory	0.99	0.86	0.79	0.92	0.98	0.98	0.83	0.98	0.93	0.05	0.98	0.19	0.05	0.93	0.51	0.95		0.51	-0.51	0.97	0.61	0.75	0.08	0.69	-0.64	0.11
Other Current Assets	0.51	0.39	0.87	0.68	0.48	0.49	0.43	0.52	0.56	-0.13	0.49	-0.1	-0.13	0.35	0.08	0.43	0.51		-0.04	0.51	0.46	0.61	0.03	0.13	-0.19	-0.23
Other Stockholder Equity	-0.56	-0.61	-0.3	-0.23	-0.59	-0.48	-0.32	-0.46	-0.22	-0.7	-0.51	-0.08	-0.7	-0.54	-0.93	-0.62	-0.51	-0.04		-0.54	-0.76	-0.14	-0.2	-0.93	0.9	-0.79
Total Liab	0.99	0.94	0.8	0.91	0.95	0.98	0.91	0.94	0.92	0.02	0.98	0.16	0.03	0.95	0.54	0.99	0.97	0.51	-0.54		0.6	0.74	-0.02	0.71	-0.68	0.13
Total Current Assets	0.61	0.59	0.63	0.45	0.63	0.53	0.32	0.57	0.38	0.62	0.55	-0.11	0.62	0.58	0.73	0.62	0.61	0.46	-0.76	0.6		0.4	0.31	0.7	-0.74	0.57
Short Term Debt	0.72	0.67	0.76	0.89	0.66	0.72	0.68	0.73	0.79	-0.04	0.71	0.04	-0.04	0.64	0.03	0.66	0.75	0.61	-0.14	0.74	0.4		0.06	0.22	-0.17	-0.01
Current Deferred Revenue	0.02	0.01	-0.08	-0.01	0.06	-0.04	-0.16	0.05	-0.05	0.46	-0.03	0.36	0.46	0.11	0.12	-0.02	0.08	0.03	-0.2	-0.02	0.31	0.06		0.13	-0.03	0.16
Common Stock	0.74	0.73	0.42	0.41	0.77	0.69	0.54	0.66	0.45	0.44	0.71	0.22	0.44	0.72	0.95	0.79	0.69	0.13	-0.93	0.71	0.7	0.22	0.13		-0.97	0.56
Short Term Investments	-0.71	-0.68	-0.48	-0.37	-0.75	-0.66	-0.5	-0.63	-0.41	-0.4	-0.68	-0.09	-0.4	-0.65	-0.98	-0.76	-0.64	-0.19	0.9	-0.68	-0.74	-0.17	-0.03	-0.97		-0.55
Good Will	0.14	0.25	0.01	-0.12	0.17	0.06	-0.08	0.07	-0.19	0.82	0.07	-0.17	0.82	0.13	0.63	0.2	0.11	-0.23	-0.79	0.13	0.57	-0.01	0.16	0.56	-0.55

Click cells to compare fundamentals

Teck Resources Account Relationship Matchups

Teck Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	39.4B	41.3B	47.4B	52.4B	56.2B	59.0B
Short Long Term Debt Total	5.7B	7.9B	9.3B	10.0B	11.1B	11.6B
Other Current Liab	1.2B	1.5B	1.6B	3.1B	1.7B	1.7B
Total Current Liabilities	2.8B	3.2B	3.8B	5.9B	5.9B	6.2B
Total Stockholder Equity	21.3B	20.0B	23.0B	25.5B	27.0B	28.3B
Property Plant And Equipment Net	31.4B	33.6B	37.4B	40.1B	45.6B	47.8B
Net Debt	4.7B	7.4B	7.9B	8.1B	10.3B	10.9B
Retained Earnings	14.4B	13.4B	16.3B	18.1B	19.6B	20.6B
Accounts Payable	1.3B	1.4B	1.7B	1.9B	2.3B	2.4B
Cash	1.0B	450M	1.4B	1.9B	744M	1.4B
Non Current Assets Total	34.9B	37.3B	41.3B	44.1B	49.7B	52.2B
Non Currrent Assets Other	764M	115M	164M	173M	1.1B	608.8M
Cash And Short Term Investments	1.0B	450M	1.4B	1.9B	744M	1.4B
Net Receivables	1.2B	1.3B	2.0B	1.6B	2.2B	2.3B
Common Stock Shares Outstanding	559.8M	534.4M	540.3M	535.9M	525.3M	475.2M
Liabilities And Stockholders Equity	39.4B	41.3B	47.4B	52.4B	56.2B	59.0B
Non Current Liabilities Total	14.5B	17.3B	19.8B	20.0B	22.0B	23.1B
Inventory	2.0B	1.9B	2.4B	2.7B	2.9B	3.1B
Other Current Assets	331M	352M	299M	2.1B	585M	614.3M
Other Stockholder Equity	219M	242M	253M	207M	213M	202.4M
Total Liab	17.3B	20.6B	23.6B	25.8B	27.9B	29.3B
Total Current Assets	4.5B	4B	6.1B	8.3B	6.5B	3.8B
Accumulated Other Comprehensive Income	309M	247M	202M	1.1B	693M	727.7M
Short Term Debt	189M	234M	340M	748M	710M	734.0M
Current Deferred Revenue	67M	46M	(442M)	30M	27M	18.7M
Common Stock	6.3B	6.1B	6.2B	6.1B	6.5B	6.7B
Good Will	1.1B	1.1B	1.1B	1.1B	1.1B	1.0B
Intangible Assets	162M	309M	395M	400M	345M	194.6M
Other Liab	8.9B	9.7B	10.8B	10.7B	12.3B	9.5B
Net Tangible Assets	20.0B	18.6B	21.5B	24.0B	27.5B	20.9B
Other Assets	975M	1.1B	1.2B	950M	1.1B	967.2M
Long Term Debt	5.0B	7.1B	8.4B	8.8B	9.5B	8.4B
Long Term Investments	1.3B	2.3B	2.6B	2.6B	1.5B	1.6B
Short Long Term Debt	29M	115M	213M	616M	515M	714.6M
Property Plant Equipment	31.4B	33.6B	37.4B	40.1B	46.1B	34.5B
Non Current Liabilities Other	20M	131M	351M	3.5B	681M	665.0M
Capital Lease Obligations	672M	692M	694M	571M	1.1B	682.2M
Net Invested Capital	26.4B	27.2B	31.6B	34.9B	37.0B	33.1B

Pair Trading with Teck Resources

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 Teck Resources 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 Teck Resources will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Teck Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Teck Resources 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 Teck Resources - 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 Teck Resources Limited to buy it.

The correlation of Teck Resources 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 Teck Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Teck Resources 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 Teck Resources 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

Other Information on Investing in Teck Stock

Balance Sheet is a snapshot of the financial position of Teck Resources at a specified time, usually calculated after every quarter, six months, or one year. Teck Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Teck Resources and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Teck currently owns. An asset can also be divided into two categories, current and non-current.

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Teck Payout Ratio vs Inventory Turnover Analysis

Payout Ratio vs Inventory Turnover

Payout Ratio vs Inventory Turnover Correlation Analysis

Correlation Coefficient

Payout Ratio

Inventory Turnover

Teck Resources fundamental ratios Correlations

Teck Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Teck Resources fundamental ratios Accounts

Pair Trading with Teck Resources

Other Information on Investing in Teck Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets
Inventory	+ 0.99	Total Assets

Short Term Investments	- 0.98	Common Stock Shares Outstanding
Short Term Investments	- 0.97	Common Stock
Common Stock	- 0.93	Other Stockholder Equity
Other Stockholder Equity	- 0.93	Common Stock Shares Outstanding
Good Will	- 0.79	Other Stockholder Equity
Total Current Assets	- 0.76	Other Stockholder Equity