Adyton Cash vs Net Working Capital Analysis

ADY Stock

CAD 0.17 0.01 5.56%

Adyton Resources financial indicator trend analysis is way more than just evaluating Adyton Resources Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Adyton Resources Corp is a good investment. Please check the relationship between Adyton Resources Cash and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adyton Resources 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.

Cash vs Net Working Capital

Cash vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Adyton Resources Corp Cash account and Net Working Capital. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Adyton Resources' Cash and Net Working Capital is 0.84. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Adyton Resources Corp, assuming nothing else is changed. The correlation between historical values of Adyton Resources' Cash and Net 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 Cash of Adyton Resources Corp are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Cash i.e., Adyton Resources' Cash and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

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Cash

Cash refers to the most liquid asset of Adyton Resources Corp, which is listed under current asset account on Adyton Resources Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Adyton Resources customers. The amounts must be unrestricted with restricted cash listed in a different Adyton Resources account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Net Working Capital

Most indicators from Adyton Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Adyton Resources 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Adyton Resources 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.

Selling General Administrative is likely to drop to about 355.4 K in 2024. Issuance Of Capital Stock is likely to drop to about 380 K in 2024

Adyton Resources fundamental ratios Correlations

	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Other Assets	Net Receivables	Other Stockholder Equity	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Accounts Payable	Cash	Common Stock Shares Outstanding	Total Liab	Net Invested Capital	Capital Stock	Net Working Capital	Other Current Liab	Other Current Assets	Property Plant And Equipment Net	Property Plant And Equipment Gross
Total Current Liabilities		-1.0	0.7	0.77	-0.48	-1.0	-0.21	-1.0	-0.99	-0.97	-0.97	-0.86	0.41	-0.66	-0.83	-0.97	-0.83	0.8	1.0	0.63	0.78	0.77
Net Tangible Assets	-1.0		-0.72	-0.8	0.48	1.0	0.2	1.0	1.0	0.96	0.96	0.85	-0.43	0.7	0.82	0.96	0.84	-0.81	-1.0	-0.67	-0.8	-0.8
Retained Earnings	0.7	-0.72		0.86	0.18	-0.73	0.27	-0.74	-0.74	-0.52	-0.53	-0.26	0.92	-0.84	-0.25	-0.53	-0.97	0.91	0.68	0.85	0.95	0.94
Other Assets	0.77	-0.8	0.86		-0.28	-0.81	-0.1	-0.82	-0.83	-0.63	-0.64	-0.52	0.62	-0.86	-0.53	-0.64	-0.82	0.79	0.76	0.93	0.92	0.92
Net Receivables	-0.48	0.48	0.18	-0.28		0.47	0.69	0.47	0.47	0.6	0.59	0.83	0.53	0.07	0.82	0.59	-0.05	0.05	-0.5	-0.13	-0.05	-0.05
Other Stockholder Equity	-1.0	1.0	-0.73	-0.81	0.47		0.18	1.0	1.0	0.95	0.96	0.84	-0.44	0.71	0.81	0.96	0.85	-0.81	-0.99	-0.69	-0.81	-0.81
Total Current Assets	-0.21	0.2	0.27	-0.1	0.69	0.18		0.19	0.2	0.33	0.32	0.54	0.4	-0.13	0.66	0.32	-0.17	-0.03	-0.24	0.12	0.15	0.15
Common Stock	-1.0	1.0	-0.74	-0.82	0.47	1.0	0.19		1.0	0.95	0.95	0.84	-0.45	0.72	0.81	0.95	0.85	-0.81	-0.99	-0.69	-0.82	-0.81
Property Plant Equipment	-0.99	1.0	-0.74	-0.83	0.47	1.0	0.2	1.0		0.95	0.95	0.84	-0.45	0.72	0.81	0.95	0.85	-0.82	-0.99	-0.7	-0.82	-0.81
Total Assets	-0.97	0.96	-0.52	-0.63	0.6	0.95	0.33	0.95	0.95		1.0	0.94	-0.23	0.53	0.9	1.0	0.7	-0.69	-0.98	-0.45	-0.6	-0.6
Total Stockholder Equity	-0.97	0.96	-0.53	-0.64	0.59	0.96	0.32	0.95	0.95	1.0		0.93	-0.24	0.53	0.89	1.0	0.71	-0.69	-0.98	-0.45	-0.61	-0.6
Accounts Payable	-0.86	0.85	-0.26	-0.52	0.83	0.84	0.54	0.84	0.84	0.94	0.93		0.09	0.35	0.98	0.93	0.44	-0.45	-0.88	-0.34	-0.42	-0.42
Cash	0.41	-0.43	0.92	0.62	0.53	-0.44	0.4	-0.45	-0.45	-0.23	-0.24	0.09		-0.67	0.06	-0.24	-0.85	0.84	0.39	0.64	0.77	0.77
Common Stock Shares Outstanding	-0.66	0.7	-0.84	-0.86	0.07	0.71	-0.13	0.72	0.72	0.53	0.53	0.35	-0.67		0.28	0.53	0.79	-0.7	-0.64	-0.87	-0.8	-0.8
Total Liab	-0.83	0.82	-0.25	-0.53	0.82	0.81	0.66	0.81	0.81	0.9	0.89	0.98	0.06	0.28		0.89	0.43	-0.49	-0.85	-0.32	-0.42	-0.42
Net Invested Capital	-0.97	0.96	-0.53	-0.64	0.59	0.96	0.32	0.95	0.95	1.0	1.0	0.93	-0.24	0.53	0.89		0.71	-0.69	-0.98	-0.45	-0.61	-0.6
Capital Stock	-0.83	0.84	-0.97	-0.82	-0.05	0.85	-0.17	0.85	0.85	0.7	0.71	0.44	-0.85	0.79	0.43	0.71		-0.96	-0.82	-0.76	-0.93	-0.93
Net Working Capital	0.8	-0.81	0.91	0.79	0.05	-0.81	-0.03	-0.81	-0.82	-0.69	-0.69	-0.45	0.84	-0.7	-0.49	-0.69	-0.96		0.79	0.67	0.86	0.86
Other Current Liab	1.0	-1.0	0.68	0.76	-0.5	-0.99	-0.24	-0.99	-0.99	-0.98	-0.98	-0.88	0.39	-0.64	-0.85	-0.98	-0.82	0.79		0.61	0.76	0.76
Other Current Assets	0.63	-0.67	0.85	0.93	-0.13	-0.69	0.12	-0.69	-0.7	-0.45	-0.45	-0.34	0.64	-0.87	-0.32	-0.45	-0.76	0.67	0.61		0.93	0.93
Property Plant And Equipment Net	0.78	-0.8	0.95	0.92	-0.05	-0.81	0.15	-0.82	-0.82	-0.6	-0.61	-0.42	0.77	-0.8	-0.42	-0.61	-0.93	0.86	0.76	0.93		1.0
Property Plant And Equipment Gross	0.77	-0.8	0.94	0.92	-0.05	-0.81	0.15	-0.81	-0.81	-0.6	-0.6	-0.42	0.77	-0.8	-0.42	-0.6	-0.93	0.86	0.76	0.93	1.0

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Adyton Resources Account Relationship Matchups

Adyton Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Current Liabilities	8.0M	8.0M	748.2K	410.7K	288.7K	274.2K
Retained Earnings	(6.6M)	(6.5M)	(5.7M)	(8.0M)	(8.7M)	(9.1M)
Net Receivables	24.5K	24.2K	107.5K	5.5K	21.1K	36.1K
Total Current Assets	80.9K	1.3M	1.3M	225.4K	200.1K	190.1K

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