Torex Other Non Cash Items vs Change In Working Capital Analysis
TXG Stock | CAD 28.41 1.46 4.89% |
Torex Gold financial indicator trend analysis is much more than just breaking down Torex Gold Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Torex Gold Resources is a good investment. Please check the relationship between Torex Gold Other Non Cash Items and its Change In Working Capital accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Torex Gold 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.
Other Non Cash Items vs Change In Working Capital
Other Non Cash Items vs Change In Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Torex Gold Resources Other Non Cash Items account and Change In Working Capital. At this time, the significance of the direction appears to have weak relationship.
The correlation between Torex Gold's Other Non Cash Items and Change In Working Capital is 0.37. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of Torex Gold Resources, assuming nothing else is changed. The correlation between historical values of Torex Gold's Other Non Cash Items and Change In Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Non Cash Items of Torex Gold Resources are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Other Non Cash Items i.e., Torex Gold's Other Non Cash Items and Change In Working Capital go up and down completely randomly.
Correlation Coefficient | 0.37 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Other Non Cash Items
Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Most indicators from Torex Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Torex Gold 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 Torex Gold 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, Torex Gold's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Tax Provision is likely to grow to about 50.2 M, while Enterprise Value is likely to drop about 422.7 M.
Torex Gold fundamental ratios Correlations
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Torex Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Torex Gold fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.2B | 1.3B | 1.4B | 1.6B | 1.8B | 1.9B | |
Other Current Liab | 900K | 4.1M | 70.9M | 46.4M | 69.9M | 73.4M | |
Total Current Liabilities | 242.6M | 205.2M | 194.4M | 243.3M | 281.7M | 295.8M | |
Total Stockholder Equity | 834.8M | 946.1M | 1.1B | 1.3B | 1.5B | 1.6B | |
Net Debt | 13.1M | (130.7M) | (252.4M) | (372.1M) | (140.8M) | (133.8M) | |
Retained Earnings | (158.5M) | (49.5M) | 102.2M | 291M | 495.4M | 520.2M | |
Accounts Payable | 90.6M | 119.9M | 121.4M | 86.4M | 101M | 106.1M | |
Cash | 161.8M | 174.1M | 255.7M | 376M | 172.8M | 108.8M | |
Cash And Short Term Investments | 161.8M | 206.2M | 255.7M | 376M | 172.8M | 110.3M | |
Net Receivables | 38.1M | 2.1M | 3.4M | 2.6M | 10.1M | 6.5M | |
Common Stock Shares Outstanding | 85.8M | 86.1M | 86.1M | 86.1M | 86.4M | 49.1M | |
Liabilities And Stockholders Equity | 1.2B | 1.3B | 1.4B | 1.6B | 1.8B | 1.9B | |
Non Current Liabilities Total | 152.2M | 101.1M | 64.1M | 59.9M | 59M | 114.9M | |
Inventory | 129.2M | 112.2M | 123.3M | 120.2M | 126.6M | 132.9M | |
Other Current Assets | 10M | 51.4M | 71.5M | 63.1M | 96M | 100.8M | |
Other Stockholder Equity | 33.3M | 24.4M | 24.3M | 24.2M | 27.8M | 52.7M | |
Total Liab | 394.8M | 306.3M | 258.5M | 303.2M | 340.7M | 183.7M | |
Total Current Assets | 339.1M | 371.9M | 453.9M | 561.9M | 405.5M | 425.8M | |
Property Plant And Equipment Net | 874.4M | 827.3M | 836.1M | 931.9M | 1.2B | 664.1M | |
Non Current Assets Total | 890.5M | 880.5M | 905M | 1.0B | 1.4B | 1.5B | |
Other Assets | 16.1M | 53.2M | 68.9M | 95M | 109.3M | 114.7M | |
Property Plant And Equipment Gross | 874.4M | 827.3M | 1.9B | 2.2B | 2.7B | 2.9B | |
Non Currrent Assets Other | 16.1M | 10.8M | 13.5M | 9.1M | 181.3M | 190.4M | |
Common Stock | 1.0B | 1.0B | 1.0B | 1.0B | 1.0B | 1.0B | |
Other Liab | 58.4M | 59.6M | 62.9M | 58.6M | 67.4M | 51.4M | |
Net Tangible Assets | 834.8M | 946.1M | 1.1B | 1.3B | 1.5B | 900.8M | |
Common Stock Total Equity | 966.4M | 1.0B | 1.0B | 1.0B | 1.2B | 1.0B | |
Property Plant Equipment | 874.4M | 827.3M | 836.1M | 931.9M | 1.1B | 905.0M | |
Short Long Term Debt Total | 174.9M | 43.4M | 3.3M | 3.9M | 32M | 30.4M | |
Short Long Term Debt | 56.2M | 82.8M | 81.7M | 2.2M | 2.5M | 2.4M | |
Short Term Debt | 82.4M | 3.3M | 2.1M | 2.6M | 23.9M | 24.4M | |
Current Deferred Revenue | 18M | 68.7M | 77.9M | 134.2M | 154.3M | 162.0M | |
Long Term Debt Total | 93.2M | 41.2M | 1.2M | 1.3M | 1.2M | 1.1M | |
Capital Surpluse | 33.3M | 24.4M | 24.3M | 24.2M | 21.8M | 23.4M | |
Cash And Equivalents | 161.8M | 174.1M | 255.7M | 376M | 432.4M | 454.0M | |
Net Invested Capital | 1.0B | 989.5M | 1.1B | 1.3B | 1.5B | 1.3B | |
Net Working Capital | 96.5M | 166.7M | 259.5M | 318.6M | 123.8M | 163.4M | |
Capital Stock | 1.0B | 1.0B | 1.0B | 1.0B | 1.0B | 1.1B |
Pair Trading with Torex 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 Torex 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 Torex Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Torex Stock
Moving against Torex Stock
The ability to find closely correlated positions to Torex 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 Torex 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 Torex 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 Torex Gold Resources to buy it.
The correlation of Torex 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 Torex Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Torex Gold 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 Torex 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 Torex Stock
Balance Sheet is a snapshot of the financial position of Torex Gold Resources at a specified time, usually calculated after every quarter, six months, or one year. Torex Gold Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Torex 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 Torex currently owns. An asset can also be divided into two categories, current and non-current.