TRX Total Assets vs Retained Earnings Analysis
| TNX Stock | CAD 45.70 0.76 1.69% |
TRX Gold financial indicator trend analysis is much more than just breaking down TRX Gold Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TRX Gold Corp is a good investment. Please check the relationship between TRX Gold Total Assets and its Retained Earnings accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TRX Gold 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.
Total Assets vs Retained Earnings
Total Assets vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TRX Gold Corp Total Assets account and Retained Earnings. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between TRX Gold's Total Assets and Retained Earnings is -0.62. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of TRX Gold Corp, assuming nothing else is changed. The correlation between historical values of TRX Gold's Total Assets and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of TRX Gold Corp are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Assets i.e., TRX Gold's Total Assets and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.62 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Total Assets
Total assets refers to the total amount of TRX Gold assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in TRX Gold Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from TRX Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TRX Gold 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 World Market Map to better understand how to build diversified portfolios, which includes a position in TRX Gold 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. At this time, TRX Gold's Selling General Administrative is very stable compared to the past year. As of the 22nd of December 2024, Tax Provision is likely to grow to about 6.4 M, while Issuance Of Capital Stock is likely to drop about 120.2 K.
TRX Gold fundamental ratios Correlations
Click cells to compare fundamentals
TRX Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TRX Gold fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 38.1M | 56.5M | 71.8M | 84.2M | 96.8M | 101.7M | |
| Other Current Liab | 550.4K | 2.1M | 9.2M | 3.5M | 4.1M | 4.3M | |
| Total Current Liabilities | 10.6M | 7.4M | 17.3M | 17.8M | 20.5M | 21.5M | |
| Total Stockholder Equity | 25.1M | 48.0M | 48.8M | 53.9M | 62.0M | 31.0M | |
| Property Plant And Equipment Net | 32.7M | 41.1M | 51.6M | 64.1M | 73.7M | 77.4M | |
| Net Debt | 1.1M | (13.4M) | (8.5M) | (7.5M) | (6.8M) | (6.4M) | |
| Retained Earnings | (113.9M) | (117.5M) | (123.7M) | (121.4M) | (109.3M) | (103.8M) | |
| Accounts Payable | 4.9M | 5.3M | 5.6M | 11.6M | 13.3M | 14.0M | |
| Cash | 4.0M | 13.4M | 8.5M | 7.6M | 8.8M | 5.0M | |
| Non Current Assets Total | 32.7M | 41.1M | 56.0M | 67.0M | 77.1M | 80.9M | |
| Non Currrent Assets Other | 51.9M | 391.2K | 4.4M | 2.9M | 3.4M | 3.2M | |
| Cash And Short Term Investments | 4.0M | 13.4M | 8.5M | 7.6M | 8.8M | 5.1M | |
| Net Receivables | 546.0K | 460K | 2.5M | 3.1M | 3.6M | 3.8M | |
| Common Stock Shares Outstanding | 166.5M | 232.2M | 267.0M | 288.5M | 331.8M | 348.4M | |
| Liabilities And Stockholders Equity | 38.1M | 56.5M | 71.8M | 84.2M | 96.8M | 101.7M | |
| Inventory | 724.7K | 1.2M | 3.6M | 5.0M | 5.7M | 6.0M | |
| Other Current Assets | 86.8K | 332K | 1.2M | 1.5M | 1.7M | 1.8M | |
| Other Stockholder Equity | 3.4M | 7.3M | 8.5M | 10.5M | 9.5M | 17.9M | |
| Total Liab | 13.2M | 10.1M | 20.7M | 23.1M | 26.6M | 27.9M | |
| Property Plant And Equipment Gross | 42.8M | 42.9M | 53.9M | 68.1M | 78.3M | 82.2M | |
| Total Current Assets | 5.4M | 15.4M | 15.9M | 17.2M | 19.8M | 20.8M | |
| Non Current Liabilities Total | 2.7M | 2.7M | 3.4M | 5.3M | 6.1M | 6.4M | |
| Short Long Term Debt Total | 5.8M | 5.2M | 5.1M | 101K | 116.2K | 110.3K | |
| Short Term Debt | 5.2M | 5.1M | 0.0 | 65K | 74.8K | 71.0K | |
| Common Stock | 136.4M | 158.1M | 163.9M | 164.8M | 189.5M | 130.3M | |
| Net Tangible Assets | 17.8M | 32.8M | 48.0M | 48.8M | 43.9M | 30.6M | |
| Property Plant Equipment | 33.5M | 42.8M | 41.1M | 51.6M | 46.5M | 37.4M | |
| Other Liab | 5.2M | 3.5M | 2.7M | 3.4M | 4.0M | 3.8M | |
| Capital Lease Obligations | 78.8K | 88.2K | 0.0 | 101K | 90.9K | 87.1K | |
| Net Invested Capital | 39.5M | 48.0M | 48.8M | 53.9M | 62.0M | 46.7M | |
| Net Working Capital | (6.8M) | 8.0M | (1.4M) | (617K) | (709.6K) | (745.0K) | |
| Capital Stock | 136.4M | 158.1M | 163.9M | 164.8M | 189.5M | 151.7M |
Pair Trading with TRX Gold
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 TRX Gold 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 TRX Gold will appreciate offsetting losses from the drop in the long position's value.Moving against TRX Stock
| 0.72 | ORE | Orezone Gold Corp | PairCorr |
| 0.67 | VZ | Verizon Communications | PairCorr |
| 0.62 | INFM | Infinico Metals Corp | PairCorr |
The ability to find closely correlated positions to TRX Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TRX Gold 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 TRX Gold - 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 TRX Gold Corp to buy it.
The correlation of TRX Gold 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 TRX Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TRX Gold 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 TRX Gold 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.Other Information on Investing in TRX Stock
Balance Sheet is a snapshot of the financial position of TRX Gold Corp at a specified time, usually calculated after every quarter, six months, or one year. TRX Gold Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of TRX Gold 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 TRX currently owns. An asset can also be divided into two categories, current and non-current.