Albion Net Working Capital vs Other Current Assets Analysis

ALB Stock

0.04 0 2.27%

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

Net Working Capital vs Other Current Assets

Net Working Capital vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Albion Resources Net Working Capital account and Other Current Assets. At this time, the significance of the direction appears to have pay attention.

The correlation between Albion Resources' Net Working Capital and Other Current Assets is -0.9. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Albion Resources Limited, assuming nothing else is changed. The correlation between historical values of Albion Resources' Net Working Capital and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of Albion Resources Limited are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Net Working Capital i.e., Albion Resources' Net Working Capital and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.9

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Net Working Capital

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

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

Issuance Of Capital Stock is likely to gain to about 1.7 M in 2024, whereas Selling General Administrative is likely to drop slightly above 352.5 K in 2024.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	2.2M	878.7K	778.4K	682.2K
Depreciation And Amortization	17.9K	41.9K	126.5K	87.9K

Other Operating Expenses Depreciation And Amortization

Albion Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Inventory	Other Current Assets	Short Term Debt	Net Tangible Assets	Other Stockholder Equity	Net Invested Capital	Capital Stock	Net Working Capital	Property Plant And Equipment Net	Capital Lease Obligations	Property Plant And Equipment Gross	Property Plant Equipment
Total Assets		0.82	1.0	-0.99	-0.72	0.93	1.0	1.0	0.96	-0.1	0.69	1.0	0.87	0.91	-0.82	0.86	-0.17	0.98	0.63	-0.62	0.52	-0.62	-0.3	-0.3	-0.3	-0.54
Total Current Liabilities	0.82		0.81	-0.8	-0.53	0.95	0.81	0.81	0.9	-0.32	0.94	0.81	0.66	0.77	-0.83	0.78	0.35	0.76	0.34	-0.56	0.13	-0.57	-0.19	-0.19	-0.19	-0.18
Total Stockholder Equity	1.0	0.81		-0.99	-0.72	0.92	1.0	1.0	0.95	-0.09	0.66	1.0	0.87	0.91	-0.81	0.85	-0.2	0.98	0.63	-0.61	0.53	-0.61	-0.31	-0.31	-0.31	-0.55
Net Debt	-0.99	-0.8	-0.99		0.74	-0.91	-0.99	-0.99	-0.94	0.08	-0.63	-0.99	-0.91	-0.93	0.82	-0.84	0.24	-0.99	-0.64	0.64	-0.56	0.64	0.41	0.41	0.41	0.6
Retained Earnings	-0.72	-0.53	-0.72	0.74		-0.52	-0.71	-0.71	-0.66	-0.56	-0.45	-0.71	-0.94	-0.91	0.76	-0.92	0.1	-0.79	-0.95	0.95	-0.84	0.95	0.63	0.63	0.63	0.88
Accounts Payable	0.93	0.95	0.92	-0.91	-0.52		0.92	0.92	0.96	-0.39	0.83	0.92	0.72	0.81	-0.77	0.76	0.05	0.87	0.36	-0.5	0.21	-0.5	-0.2	-0.2	-0.2	-0.25
Cash	1.0	0.81	1.0	-0.99	-0.71	0.92		1.0	0.95	-0.1	0.67	1.0	0.87	0.91	-0.81	0.85	-0.19	0.98	0.63	-0.61	0.52	-0.61	-0.3	-0.3	-0.3	-0.55
Cash And Short Term Investments	1.0	0.81	1.0	-0.99	-0.71	0.92	1.0		0.95	-0.1	0.67	1.0	0.87	0.91	-0.81	0.85	-0.19	0.98	0.63	-0.61	0.52	-0.61	-0.3	-0.3	-0.3	-0.55
Net Receivables	0.96	0.9	0.95	-0.94	-0.66	0.96	0.95	0.95		-0.17	0.79	0.95	0.83	0.89	-0.81	0.84	-0.02	0.95	0.55	-0.63	0.43	-0.64	-0.33	-0.33	-0.33	-0.41
Common Stock Shares Outstanding	-0.1	-0.32	-0.09	0.08	-0.56	-0.39	-0.1	-0.1	-0.17		-0.27	-0.1	0.31	0.2	-0.09	0.29	-0.09	0.03	0.71	-0.55	0.73	-0.54	-0.42	-0.42	-0.42	-0.67
Total Liab	0.69	0.94	0.66	-0.63	-0.45	0.83	0.67	0.67	0.79	-0.27		0.67	0.51	0.63	-0.69	0.75	0.55	0.61	0.28	-0.54	0.0	-0.55	0.01	0.01	0.01	-0.01
Total Current Assets	1.0	0.81	1.0	-0.99	-0.71	0.92	1.0	1.0	0.95	-0.1	0.67		0.87	0.91	-0.82	0.85	-0.19	0.98	0.63	-0.61	0.52	-0.61	-0.31	-0.31	-0.31	-0.55
Common Stock	0.87	0.66	0.87	-0.91	-0.94	0.72	0.87	0.87	0.83	0.31	0.51	0.87		0.98	-0.82	0.91	-0.22	0.93	0.87	-0.88	0.79	-0.87	-0.67	-0.67	-0.67	-0.84
Short Long Term Debt Total	0.91	0.77	0.91	-0.93	-0.91	0.81	0.91	0.91	0.89	0.2	0.63	0.91	0.98		-0.9	0.93	-0.1	0.95	0.81	-0.86	0.71	-0.86	-0.61	-0.61	-0.61	-0.75
Inventory	-0.82	-0.83	-0.81	0.82	0.76	-0.77	-0.81	-0.81	-0.81	-0.09	-0.69	-0.82	-0.82	-0.9		-0.84	-0.19	-0.83	-0.65	0.7	-0.53	0.7	0.41	0.41	0.41	0.58
Other Current Assets	0.86	0.78	0.85	-0.84	-0.92	0.76	0.85	0.85	0.84	0.29	0.75	0.85	0.91	0.93	-0.84		0.11	0.87	0.83	-0.9	0.63	-0.9	-0.4	-0.4	-0.4	-0.66
Short Term Debt	-0.17	0.35	-0.2	0.24	0.1	0.05	-0.19	-0.19	-0.02	-0.09	0.55	-0.19	-0.22	-0.1	-0.19	0.11		-0.24	-0.19	-0.09	-0.44	-0.1	0.33	0.33	0.33	0.45
Net Tangible Assets	0.98	0.76	0.98	-0.99	-0.79	0.87	0.98	0.98	0.95	0.03	0.61	0.98	0.93	0.95	-0.83	0.87	-0.24		0.72	-0.7	0.65	-0.69	-0.45	-0.45	-0.45	-0.66
Other Stockholder Equity	0.63	0.34	0.63	-0.64	-0.95	0.36	0.63	0.63	0.55	0.71	0.28	0.63	0.87	0.81	-0.65	0.83	-0.19	0.72		-0.88	0.94	-0.87	-0.57	-0.57	-0.57	-0.91
Net Invested Capital	-0.62	-0.56	-0.61	0.64	0.95	-0.5	-0.61	-0.61	-0.63	-0.55	-0.54	-0.61	-0.88	-0.86	0.7	-0.9	-0.09	-0.7	-0.88		-0.72	1.0	0.66	0.66	0.66	0.76
Capital Stock	0.52	0.13	0.53	-0.56	-0.84	0.21	0.52	0.52	0.43	0.73	0.0	0.52	0.79	0.71	-0.53	0.63	-0.44	0.65	0.94	-0.72		-0.72	-0.67	-0.67	-0.67	-0.95
Net Working Capital	-0.62	-0.57	-0.61	0.64	0.95	-0.5	-0.61	-0.61	-0.64	-0.54	-0.55	-0.61	-0.87	-0.86	0.7	-0.9	-0.1	-0.69	-0.87	1.0	-0.72		0.66	0.66	0.66	0.75
Property Plant And Equipment Net	-0.3	-0.19	-0.31	0.41	0.63	-0.2	-0.3	-0.3	-0.33	-0.42	0.01	-0.31	-0.67	-0.61	0.41	-0.4	0.33	-0.45	-0.57	0.66	-0.67	0.66		1.0	1.0	0.74
Capital Lease Obligations	-0.3	-0.19	-0.31	0.41	0.63	-0.2	-0.3	-0.3	-0.33	-0.42	0.01	-0.31	-0.67	-0.61	0.41	-0.4	0.33	-0.45	-0.57	0.66	-0.67	0.66	1.0		1.0	0.74
Property Plant And Equipment Gross	-0.3	-0.19	-0.31	0.41	0.63	-0.2	-0.3	-0.3	-0.33	-0.42	0.01	-0.31	-0.67	-0.61	0.41	-0.4	0.33	-0.45	-0.57	0.66	-0.67	0.66	1.0	1.0		0.74
Property Plant Equipment	-0.54	-0.18	-0.55	0.6	0.88	-0.25	-0.55	-0.55	-0.41	-0.67	-0.01	-0.55	-0.84	-0.75	0.58	-0.66	0.45	-0.66	-0.91	0.76	-0.95	0.75	0.74	0.74	0.74

Click cells to compare fundamentals

Albion Resources Account Relationship Matchups

Albion Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.6K	4.6M	2.7M	3.3M	2.7M	2.1M
Total Current Liabilities	53.2K	136.4K	148.6K	49.4K	38.9K	70.3K
Total Stockholder Equity	(50.5K)	4.5M	2.5M	3.2M	2.6M	2.0M
Net Debt	39.8K	(4.5M)	(2.4M)	(3.2M)	(2.6M)	(2.8M)
Retained Earnings	(84.6K)	(529.8K)	(2.7M)	(3.5M)	(3.4M)	(3.2M)
Accounts Payable	12.8K	136.4K	93.6K	49.4K	38.9K	53.6K
Cash	622.0	4.5M	2.5M	3.2M	2.6M	2.0M
Cash And Short Term Investments	622.0	4.5M	2.5M	3.2M	2.6M	2.0M
Net Receivables	2.0K	44.2K	32.6K	16.5K	28.1K	19.5K
Liabilities And Stockholders Equity	2.6K	4.6M	2.7M	3.3M	2.7M	2.1M
Total Liab	53.2K	136.4K	244.2K	49.4K	38.9K	36.9K
Total Current Assets	2.6K	4.6M	2.6M	3.3M	2.7M	2.1M
Common Stock	34.1K	4.7M	4.6M	6.0M	6.9M	7.3M
Other Current Assets	2.0K	10.7K	22.6K	18.4K	17.0K	13.0K

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Albion Stock Analysis

When running Albion Resources' price analysis, check to measure Albion Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Albion Resources is operating at the current time. Most of Albion Resources' value examination focuses on studying past and present price action to predict the probability of Albion Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Albion Resources' price. Additionally, you may evaluate how the addition of Albion Resources to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC