Africa Depreciation And Amortization vs Cost Of Revenue Analysis
AOI Stock | CAD 2.07 0.04 1.97% |
Africa Oil financial indicator trend analysis is way more than just evaluating Africa Oil Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Africa Oil Corp is a good investment. Please check the relationship between Africa Oil Depreciation And Amortization and its Cost Of Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Africa Oil 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.
Depreciation And Amortization vs Cost Of Revenue
Depreciation And Amortization vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Africa Oil Corp Depreciation And Amortization account and Cost Of Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between Africa Oil's Depreciation And Amortization and Cost Of Revenue is 0.66. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Africa Oil Corp, assuming nothing else is changed. The correlation between historical values of Africa Oil's Depreciation And Amortization and Cost Of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of Africa Oil Corp are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Depreciation And Amortization i.e., Africa Oil's Depreciation And Amortization and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.66 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Cost Of Revenue
Cost of Revenue is found on Africa Oil Corp income statement and represents the costs associated with goods and services Africa Oil provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most indicators from Africa Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Africa Oil 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 Africa Oil 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. As of the 24th of November 2024, Enterprise Value is likely to grow to about 710.2 M, while Selling General Administrative is likely to drop about 30.3 K.
2023 | 2024 (projected) | Interest Income | 7.8M | 6.2M | Minority Interest | 43.9M | 39.0M |
Africa Oil fundamental ratios Correlations
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Africa Oil Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Africa Oil fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 812.3M | 910.5M | 991.6M | 917.7M | 966.2M | 541.3M | |
Other Current Liab | 41.7M | 12.1M | 7.6M | 44.5M | 22.4M | 27.2M | |
Total Current Liabilities | 43.0M | 12.5M | 7.6M | 44.5M | 22.4M | 26.6M | |
Total Stockholder Equity | 766.7M | 754.3M | 948.1M | 830.6M | 894.6M | 493.4M | |
Net Debt | (326.2M) | 102.9M | (58.5M) | (199.3M) | (232M) | (220.4M) | |
Retained Earnings | (590.6M) | (610.7M) | (412.2M) | (496.3M) | (432.3M) | (410.7M) | |
Accounts Payable | 30.6K | 41.0M | 10.5M | 3.6M | 4.2M | 3.5M | |
Cash | 329.5M | 38.7M | 58.5M | 199.3M | 232M | 152.8M | |
Cash And Short Term Investments | 329.5M | 38.7M | 58.5M | 199.3M | 232M | 152.9M | |
Net Receivables | 161K | 1.4M | 658K | 1.4M | 5.1M | 4.8M | |
Common Stock Total Equity | 1.3B | 1.3B | 1.3B | 1.3B | 1.5B | 1.1B | |
Common Stock Shares Outstanding | 471.1M | 471.8M | 477.4M | 474.4M | 471.0M | 244.9M | |
Liabilities And Stockholders Equity | 812.3M | 910.5M | 991.6M | 917.7M | 966.2M | 541.3M | |
Other Stockholder Equity | 51.4M | 50.8M | 51.1M | 59.2M | 61.6M | 58.6M | |
Total Liab | 45.6M | 156.2M | 43.6M | 87.1M | 71.6M | 41.8M | |
Total Current Assets | 333.7M | 41.9M | 59.5M | 201.1M | 237.1M | 158.7M | |
Common Stock | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | 1.2B | |
Other Current Assets | 4.3K | 1.4K | 600.0 | 400K | 5.1K | 4.8K | |
Non Current Liabilities Total | 2.6M | 143.7M | 35.9M | 42.6M | 49.2M | 28.1M | |
Non Current Assets Total | 478.6M | 868.6M | 932.1M | 716.6M | 729.1M | 540.2M | |
Non Currrent Assets Other | (411.7M) | (190.4M) | (932.1K) | 2M | 2.8M | 2.9M | |
Property Plant And Equipment Net | 415.0M | 191.1M | 194.3M | 63.6M | 19.1M | 18.1M | |
Property Plant And Equipment Gross | 105K | 36K | 3.3M | 730K | 657K | 624.2K | |
Intangible Assets | 411.7M | 190.4M | 194.3K | 63.6K | 19.1K | 18.1K | |
Net Tangible Assets | 355.0M | 563.9M | 754.0M | 767M | 882.1M | 462.4M | |
Property Plant Equipment | 3.3M | 730K | 209K | 63.6M | 57.2M | 80.2M | |
Other Liab | 587K | 2.4M | 35.9M | 42.6M | 49.0M | 51.4M | |
Capital Surpluse | 51.4M | 50.8M | 51.1M | 59.2M | 68.1M | 56.3M | |
Long Term Investments | 63.6M | 677.5M | 737.8M | 651M | 707.2M | 358.6M | |
Cash And Equivalents | 329.5M | 38.7M | 58.5M | 199.3M | 179.4M | 211.6M | |
Net Invested Capital | 766.7M | 895.3M | 948.1M | 830.6M | 894.6M | 712.1M | |
Net Working Capital | 290.7M | 29.3M | 51.9M | 156.6M | 214.7M | 173.8M | |
Capital Stock | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | 1.0B |
Pair Trading with Africa Oil
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 Africa Oil 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 Africa Oil will appreciate offsetting losses from the drop in the long position's value.Moving against Africa Stock
0.62 | PIC-A | Premium Income Split | PairCorr |
0.47 | ENB-PFU | Enbridge Pref L | PairCorr |
0.35 | SAGE | Sage Potash Corp | PairCorr |
0.31 | ENB-PFV | Enbridge Pref 5 | PairCorr |
The ability to find closely correlated positions to Africa Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Africa Oil 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 Africa Oil - 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 Africa Oil Corp to buy it.
The correlation of Africa Oil 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 Africa Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Africa Oil 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 Africa Oil 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 Africa Stock
Balance Sheet is a snapshot of the financial position of Africa Oil Corp at a specified time, usually calculated after every quarter, six months, or one year. Africa Oil Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Africa Oil 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 Africa currently owns. An asset can also be divided into two categories, current and non-current.