ASA Roe vs Average Payables Analysis

ASA Stock  USD 20.10  0.10  0.50%   
ASA Gold financial indicator trend analysis is way more than just evaluating ASA Gold prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ASA Gold is a good investment. Please check the relationship between ASA Gold Roe and its Average Payables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ASA Gold and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Roe vs Average Payables

JavaScript chart by amCharts 3.21.15201420162018202020222024-0.45-0.40-0.35-0.30-0.25-0.20-0.15-0.10-0.0500.050.100.150.200.250.300.35 160K170K180K190K200K210K220K230K240K250K260K270K
JavaScript chart by amCharts 3.21.15Roetotal: -0.01512123938775139Average Payablestotal: 2.2M

Roe vs Average Payables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ASA Gold Roe account and Average Payables. At this time, the significance of the direction appears to have significant contrarian relationship.
RoeAverage PayablesDiversified AwayRoeAverage PayablesDiversified Away100%
The correlation between ASA Gold's Roe and Average Payables is -0.3. Overlapping area represents the amount of variation of Roe that can explain the historical movement of Average Payables in the same time period over historical financial statements of ASA Gold and, assuming nothing else is changed. The correlation between historical values of ASA Gold's Roe and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roe of ASA Gold and are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Roe i.e., ASA Gold's Roe and Average Payables go up and down completely randomly.

Correlation Coefficient

-0.3
Relationship DirectionNegative 
Relationship StrengthInsignificant

Roe

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.
Most indicators from ASA Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ASA Gold 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 ASA Gold and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
As of December 24, 2024, Selling General Administrative is expected to decline to about 949.8 K. In addition to that, Sales General And Administrative To Revenue is expected to decline to 0.41
 2023 2024 (projected)
Interest Income87.4K83.0K
Non Recurring500.1K444.6K

ASA Gold fundamental ratios Correlations

-0.33-0.380.80.64-0.31-0.28-0.14-0.460.3-0.06-0.490.190.68-0.67-0.20.290.31-0.32-0.45-0.32-0.170.210.22-0.06-0.06
-0.331.0-0.23-0.140.980.61-0.490.94-0.940.10.79-0.310.43-0.40.33-0.13-0.940.950.26-0.120.310.770.760.10.1
-0.381.0-0.27-0.210.980.62-0.440.96-0.940.120.81-0.310.39-0.350.33-0.13-0.950.960.28-0.070.320.740.730.120.12
0.8-0.23-0.270.52-0.24-0.25-0.23-0.320.17-0.08-0.410.210.68-0.68-0.230.330.18-0.2-0.57-0.43-0.190.250.26-0.08-0.08
0.64-0.14-0.210.52-0.25-0.36-0.32-0.380.28-0.1-0.370.30.4-0.43-0.33-0.140.28-0.280.0-0.8-0.330.110.12-0.1-0.1
-0.310.980.98-0.24-0.250.71-0.380.96-0.940.130.83-0.420.45-0.410.44-0.04-0.950.960.19-0.030.430.740.720.130.13
-0.280.610.62-0.25-0.360.71-0.060.7-0.66-0.140.69-0.930.22-0.240.950.18-0.660.59-0.060.070.940.250.24-0.14-0.14
-0.14-0.49-0.44-0.23-0.32-0.38-0.06-0.230.420.250.05-0.09-0.50.540.120.080.42-0.350.190.470.12-0.68-0.680.250.25
-0.460.940.96-0.32-0.380.960.7-0.23-0.90.210.92-0.410.29-0.240.45-0.07-0.920.950.330.10.430.60.590.210.21
0.3-0.94-0.940.170.28-0.94-0.660.42-0.90.05-0.730.36-0.460.42-0.390.071.0-0.91-0.110.05-0.38-0.74-0.730.050.05
-0.060.10.12-0.08-0.10.13-0.140.250.210.050.350.29-0.050.22-0.2-0.040.010.340.460.19-0.20.040.041.01.0
-0.490.790.81-0.41-0.370.830.690.050.92-0.730.35-0.450.1-0.030.51-0.06-0.740.830.540.190.490.320.310.350.35
0.19-0.31-0.310.210.3-0.42-0.93-0.09-0.410.360.29-0.45-0.070.13-0.99-0.250.35-0.260.19-0.09-0.990.030.040.290.29
0.680.430.390.680.40.450.22-0.50.29-0.46-0.050.1-0.07-0.980.080.23-0.460.42-0.37-0.380.10.790.79-0.05-0.05
-0.67-0.4-0.35-0.68-0.43-0.41-0.240.54-0.240.420.22-0.030.13-0.98-0.11-0.240.42-0.340.460.41-0.13-0.77-0.770.220.22
-0.20.330.33-0.23-0.330.440.950.120.45-0.39-0.20.51-0.990.08-0.110.25-0.390.31-0.130.111.0-0.02-0.04-0.2-0.2
0.29-0.13-0.130.33-0.14-0.040.180.08-0.070.07-0.04-0.06-0.250.23-0.240.250.07-0.06-0.350.260.32-0.04-0.03-0.04-0.04
0.31-0.94-0.950.180.28-0.95-0.660.42-0.921.00.01-0.740.35-0.460.42-0.390.07-0.92-0.130.05-0.37-0.75-0.740.010.01
-0.320.950.96-0.2-0.280.960.59-0.350.95-0.910.340.83-0.260.42-0.340.31-0.06-0.920.250.010.290.740.730.340.34
-0.450.260.28-0.570.00.19-0.060.190.33-0.110.460.540.19-0.370.46-0.13-0.35-0.130.250.11-0.16-0.13-0.150.460.46
-0.32-0.12-0.07-0.43-0.8-0.030.070.470.10.050.190.19-0.09-0.380.410.110.260.050.010.110.12-0.2-0.20.190.19
-0.170.310.32-0.19-0.330.430.940.120.43-0.38-0.20.49-0.990.1-0.131.00.32-0.370.29-0.160.12-0.02-0.03-0.2-0.2
0.210.770.740.250.110.740.25-0.680.6-0.740.040.320.030.79-0.77-0.02-0.04-0.750.74-0.13-0.2-0.021.00.040.04
0.220.760.730.260.120.720.24-0.680.59-0.730.040.310.040.79-0.77-0.04-0.03-0.740.73-0.15-0.2-0.031.00.040.04
-0.060.10.12-0.08-0.10.13-0.140.250.210.051.00.350.29-0.050.22-0.2-0.040.010.340.460.19-0.20.040.041.0
-0.060.10.12-0.08-0.10.13-0.140.250.210.051.00.350.29-0.050.22-0.2-0.040.010.340.460.19-0.20.040.041.0
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ASA Gold Account Relationship Matchups

ASA Gold fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets464.7M482.7M326.3M335.6M302.1M323.7M
Other Current Liab433.6K462.3K312.4K370.6K333.5K316.8K
Total Current Liabilities433.6K462.3K312.4K370.6K333.5K316.8K
Total Stockholder Equity463.9M481.9M325.6M334.9M301.4M308.9M
Retained Earnings443.3M461.2M304.9M314.3M361.4M274.8M
Cash1.3M79.9K78.5K4.8M4.3M5.5M
Other Assets109.1K131.0K104.2K88.6K101.8K106.9K
Total Liab803.4K462.3K691.6K706.5K635.9K604.1K
Other Liab411.3K369.8K333.5K379.2K341.3K324.3K
Net Debt(1.3M)(79.9K)(78.5K)(4.8M)(5.5M)(5.8M)
Non Current Assets Total463.1M482.3M325.9M330.4M297.3M345.5M
Non Currrent Assets Other(463.1M)(482.3M)(325.9M)(330.4M)(379.9M)(398.9M)
Cash And Short Term Investments1.3M79.9K78.5K4.8M4.3M5.4M
Net Receivables177.2K236.8K183.8K328.2K295.4K237.0K
Liabilities And Stockholders Equity464.7M482.7M326.3M335.6M302.1M351.0M
Non Current Liabilities Total803.4K795.7K691.6K336.0K302.4K287.2K
Total Current Assets1.5M316.7K262.3K5.2M4.7M5.6M
Net Tangible Assets285.9M463.9M481.9M325.6M293.0M299.3M
Long Term Investments463.1M482.3M325.9M330.4M297.3M292.8M

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When determining whether ASA Gold offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ASA Gold's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Asa Gold And Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Asa Gold And Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ASA Gold and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ASA Gold. If investors know ASA will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ASA Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
3.282
Dividend Share
0.03
Earnings Share
3.25
Revenue Per Share
0.104
Quarterly Revenue Growth
(0.44)
The market value of ASA Gold is measured differently than its book value, which is the value of ASA that is recorded on the company's balance sheet. Investors also form their own opinion of ASA Gold's value that differs from its market value or its book value, called intrinsic value, which is ASA Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ASA Gold's market value can be influenced by many factors that don't directly affect ASA Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ASA Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if ASA Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASA Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.