Aclara Other Current Assets vs Net Invested Capital Analysis

ARA Stock   0.41  0.02  4.65%   
Aclara Resources financial indicator trend analysis is way more than just evaluating Aclara Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aclara Resources is a good investment. Please check the relationship between Aclara Resources Other Current Assets and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aclara 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 Current Assets vs Net Invested Capital

Other Current Assets vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aclara Resources Other Current Assets account and Net Invested Capital. At this time, the significance of the direction appears to have pay attention.
The correlation between Aclara Resources' Other Current Assets and Net Invested Capital is -0.85. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Aclara Resources, assuming nothing else is changed. The correlation between historical values of Aclara Resources' Other Current Assets and Net Invested 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 Current Assets of Aclara Resources are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Other Current Assets i.e., Aclara Resources' Other Current Assets and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

-0.85
Relationship DirectionNegative 
Relationship StrengthSignificant

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.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Most indicators from Aclara Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aclara 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 Aclara 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.
As of the 30th of November 2024, Selling General Administrative is likely to grow to about 7.2 M, while Issuance Of Capital Stock is likely to drop 0.00.
 2021 2022 2023 2024 (projected)
Depreciation And Amortization82K570K1.3M1.4M
Interest Income490K537K2.3M2.5M

Aclara Resources fundamental ratios Correlations

-0.94-0.43-0.83-0.94-0.92-0.970.80.72-0.97-0.8-0.97-0.89-0.53-0.781.01.0-0.39-0.82-0.77-0.86-0.970.52-0.53-0.61-0.85
-0.940.250.661.00.990.94-0.94-0.740.890.940.940.910.670.92-0.96-0.940.10.710.920.980.95-0.480.540.60.97
-0.430.250.850.230.320.550.05-0.610.3-0.050.560.59-0.28-0.15-0.41-0.430.470.83-0.150.190.53-0.480.720.640.09
-0.830.660.850.640.680.87-0.38-0.720.750.380.870.820.10.31-0.81-0.830.60.960.310.550.86-0.540.680.670.48
-0.941.00.230.640.990.93-0.95-0.730.880.950.930.90.680.93-0.95-0.940.080.690.930.980.94-0.470.520.590.97
-0.920.990.320.680.990.95-0.91-0.760.850.910.950.940.630.88-0.94-0.920.070.760.880.980.96-0.470.610.630.95
-0.970.940.550.870.930.95-0.78-0.820.890.791.00.970.480.73-0.97-0.970.290.90.730.891.0-0.560.680.710.85
0.8-0.940.05-0.38-0.95-0.91-0.780.59-0.76-1.0-0.78-0.77-0.84-0.980.820.80.13-0.44-0.98-0.95-0.80.32-0.32-0.42-0.97
0.72-0.74-0.61-0.72-0.73-0.76-0.820.59-0.54-0.6-0.82-0.88-0.19-0.520.730.720.09-0.8-0.52-0.77-0.770.87-0.9-0.97-0.75
-0.970.890.30.750.880.850.89-0.76-0.540.760.880.760.540.76-0.96-0.970.510.710.760.760.9-0.380.340.430.77
-0.80.94-0.050.380.950.910.79-1.0-0.60.760.790.770.840.98-0.83-0.8-0.130.440.980.950.8-0.340.330.430.97
-0.970.940.560.870.930.951.0-0.78-0.820.880.790.980.480.73-0.97-0.970.280.90.730.891.0-0.560.680.710.85
-0.890.910.590.820.90.940.97-0.77-0.880.760.770.980.470.69-0.9-0.890.130.890.70.90.96-0.580.770.770.85
-0.530.67-0.280.10.680.630.48-0.84-0.190.540.840.480.470.8-0.56-0.52-0.090.080.790.680.530.14-0.15-0.040.69
-0.780.92-0.150.310.930.880.73-0.98-0.520.760.980.730.690.8-0.8-0.78-0.130.381.00.920.75-0.30.270.370.96
1.0-0.96-0.41-0.81-0.95-0.94-0.970.820.73-0.96-0.83-0.97-0.9-0.56-0.81.0-0.35-0.81-0.8-0.88-0.980.52-0.53-0.61-0.87
1.0-0.94-0.43-0.83-0.94-0.92-0.970.80.72-0.97-0.8-0.97-0.89-0.52-0.781.0-0.39-0.82-0.77-0.86-0.970.52-0.53-0.61-0.85
-0.390.10.470.60.080.070.290.130.090.51-0.130.280.13-0.09-0.13-0.35-0.390.42-0.14-0.110.320.09-0.09-0.1-0.14
-0.820.710.830.960.690.760.9-0.44-0.80.710.440.90.890.080.38-0.81-0.820.420.380.650.88-0.610.830.770.57
-0.770.92-0.150.310.930.880.73-0.98-0.520.760.980.730.70.791.0-0.8-0.77-0.140.380.930.75-0.310.280.370.96
-0.860.980.190.550.980.980.89-0.95-0.770.760.950.890.90.680.92-0.88-0.86-0.110.650.930.89-0.480.580.630.98
-0.970.950.530.860.940.961.0-0.8-0.770.90.81.00.960.530.75-0.98-0.970.320.880.750.89-0.50.620.650.85
0.52-0.48-0.48-0.54-0.47-0.47-0.560.320.87-0.38-0.34-0.56-0.580.14-0.30.520.520.09-0.61-0.31-0.48-0.5-0.8-0.94-0.53
-0.530.540.720.680.520.610.68-0.32-0.90.340.330.680.77-0.150.27-0.53-0.53-0.090.830.280.580.62-0.80.940.52
-0.610.60.640.670.590.630.71-0.42-0.970.430.430.710.77-0.040.37-0.61-0.61-0.10.770.370.630.65-0.940.940.62
-0.850.970.090.480.970.950.85-0.97-0.750.770.970.850.850.690.96-0.87-0.85-0.140.570.960.980.85-0.530.520.62
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Aclara Resources Account Relationship Matchups

Aclara Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding12.3B162.6M70.9M162.6M163.2M155.1M

Other Information on Investing in Aclara Stock

Balance Sheet is a snapshot of the financial position of Aclara Resources at a specified time, usually calculated after every quarter, six months, or one year. Aclara Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Aclara Resources 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 Aclara currently owns. An asset can also be divided into two categories, current and non-current.