Thor Pb Ratio vs Days Sales Outstanding Analysis

THX Stock  CAD 0.31  0.01  3.33%   
Thor Explorations financial indicator trend analysis is much more than just breaking down Thor Explorations prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Thor Explorations is a good investment. Please check the relationship between Thor Explorations Pb Ratio and its Days Sales Outstanding accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thor Explorations. 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.

Pb Ratio vs Days Sales Outstanding

Pb Ratio vs Days Sales Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Thor Explorations Pb Ratio account and Days Sales Outstanding. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Thor Explorations' Pb Ratio and Days Sales Outstanding is 0.11. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of Thor Explorations, assuming nothing else is changed. The correlation between historical values of Thor Explorations' Pb Ratio and Days Sales Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pb Ratio of Thor Explorations are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Pb Ratio i.e., Thor Explorations' Pb Ratio and Days Sales Outstanding go up and down completely randomly.

Correlation Coefficient

0.11
Relationship DirectionPositive 
Relationship StrengthInsignificant

Pb Ratio

Days Sales Outstanding

Most indicators from Thor Explorations' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Thor Explorations 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 Thor Explorations. 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, Thor Explorations' Selling General Administrative is fairly stable compared to the past year. Tax Provision is expected to grow at the current pace this year, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense83.8K14.6M13.1M13.8M
Depreciation And Amortization133.1K41.2M38.1M40.0M

Thor Explorations fundamental ratios Correlations

0.950.970.960.990.890.630.980.51.00.50.920.93-0.330.990.970.910.060.940.73-0.090.780.70.80.870.73
0.950.940.840.970.970.490.930.350.970.350.840.86-0.30.990.870.93-0.010.870.89-0.060.660.780.750.80.66
0.970.940.920.930.910.750.990.350.970.350.810.93-0.340.970.950.960.010.980.7-0.050.860.570.660.780.58
0.960.840.920.930.750.660.930.590.950.590.920.88-0.310.90.970.850.180.940.55-0.120.830.550.80.880.76
0.990.970.930.930.910.50.940.490.990.490.940.9-0.310.980.910.870.090.880.81-0.110.670.80.850.880.78
0.890.970.910.750.910.490.890.130.910.130.740.83-0.280.940.780.920.00.830.91-0.050.620.720.630.690.55
0.630.490.750.660.50.490.760.140.590.140.370.74-0.240.590.750.69-0.140.820.10.050.91-0.030.150.370.11
0.980.930.990.930.940.890.760.380.970.380.830.96-0.340.970.960.930.00.980.67-0.050.850.590.670.790.6
0.50.350.350.590.490.130.140.380.471.00.610.32-0.160.420.590.25-0.030.360.13-0.080.330.460.650.670.59
1.00.970.970.950.990.910.590.970.470.470.920.92-0.320.990.940.910.070.930.78-0.10.740.730.810.870.74
0.50.350.350.590.490.130.140.381.00.470.610.32-0.160.420.590.25-0.030.360.13-0.080.330.460.650.670.59
0.920.840.810.920.940.740.370.830.610.920.610.82-0.340.880.850.720.260.790.68-0.160.560.760.920.920.9
0.930.860.930.880.90.830.740.960.320.920.320.82-0.330.920.90.810.00.910.61-0.060.740.60.640.770.6
-0.33-0.3-0.34-0.31-0.31-0.28-0.24-0.34-0.16-0.32-0.16-0.34-0.33-0.32-0.34-0.3-0.16-0.36-0.21-0.07-0.29-0.19-0.23-0.31-0.2
0.990.990.970.90.980.940.590.970.420.990.420.880.92-0.320.930.92-0.010.910.82-0.070.720.760.760.840.68
0.970.870.950.970.910.780.750.960.590.940.590.850.9-0.340.930.880.010.960.55-0.060.880.550.720.840.64
0.910.930.960.850.870.920.690.930.250.910.250.720.81-0.30.920.880.020.950.73-0.040.860.490.60.70.5
0.06-0.010.010.180.090.0-0.140.0-0.030.07-0.030.260.0-0.16-0.010.010.020.070.01-0.130.01-0.060.30.170.39
0.940.870.980.940.880.830.820.980.360.930.360.790.91-0.360.910.960.950.070.57-0.050.930.430.620.750.56
0.730.890.70.550.810.910.10.670.130.780.130.680.61-0.210.820.550.730.010.57-0.070.280.860.660.620.58
-0.09-0.06-0.05-0.12-0.11-0.050.05-0.05-0.08-0.1-0.08-0.16-0.06-0.07-0.07-0.06-0.04-0.13-0.05-0.07-0.01-0.13-0.37-0.1-0.4
0.780.660.860.830.670.620.910.850.330.740.330.560.74-0.290.720.880.860.010.930.28-0.010.120.40.570.33
0.70.780.570.550.80.72-0.030.590.460.730.460.760.6-0.190.760.550.49-0.060.430.86-0.130.120.780.710.73
0.80.750.660.80.850.630.150.670.650.810.650.920.64-0.230.760.720.60.30.620.66-0.370.40.780.880.98
0.870.80.780.880.880.690.370.790.670.870.670.920.77-0.310.840.840.70.170.750.62-0.10.570.710.880.83
0.730.660.580.760.780.550.110.60.590.740.590.90.6-0.20.680.640.50.390.560.58-0.40.330.730.980.83
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Thor Explorations Account Relationship Matchups

Thor Explorations fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets53.7M141.5M263.2M223.3M341.7M358.8M
Total Current Liabilities1.1M17.1M107.4M78.8M167.5M175.9M
Total Stockholder Equity52.6M77.9M75.2M86.8M147.9M155.3M
Property Plant And Equipment Net46.9M107.9M213.7M166.4M206.3M216.6M
Net Debt(5.3M)(7.6M)89.9M36.9M62.6M65.7M
Retained Earnings(21.0M)(24.8M)(26.7M)5.5M40.0M42.0M
Accounts Payable480.2K10.4M44.7M46.9M77.4M81.3M
Cash5.4M28.3M1.6M6.7M10.3M10.9M
Non Current Assets Total47.0M108.2M233.0M186.0M265.8M279.1M
Cash And Short Term Investments5.4M28.3M1.6M6.7M10.3M10.9M
Common Stock Shares Outstanding376.5M549.4M625.4M650.3M655.2M688.0M
Liabilities And Stockholders Equity53.7M141.5M263.2M223.3M341.7M358.8M
Other Current Assets200.3K552.7K5.2M10.5M10.1M10.6M
Other Stockholder Equity5.4M6.3M5.7M3.4M1.00.95
Total Liab1.1M63.6M188.0M136.5M193.7M203.4M
Total Current Assets6.7M33.3M30.2M37.3M75.9M79.7M
Net Receivables1.1M56.7K294.5K220.4K370.2K209.6K
Accumulated Other Comprehensive Income559.1K(769.7K)(3.7M)(2.5M)461.5K749.1K
Other Current Liab552.6K6.1M65.7M19.6M21.2M22.2M
Non Currrent Assets Other23.3K4.0195.3K282.8K59.4M62.3M
Non Current Liabilities Total35.4K46.5M80.6M57.7M26.2M19.6M
Common Stock67.6M97.1M99.9M80.4M107.5M60.0M
Net Tangible Assets33.1M42.8M52.6M61.6M70.9M35.8M
Other Assets30.1K23.3K38.4K242.0K278.2K292.2K
Property Plant Equipment35.7M43.1M46.9M91.7M105.4M110.7M
Net Invested Capital52.6M98.5M143.5M114.6M115.6M94.4M
Net Working Capital5.7M16.2M(77.2M)(41.5M)(69.5M)(66.0M)
Capital Stock67.6M97.1M99.9M80.4M81.5M87.8M

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