Avino Accounts Payable vs Other Assets Analysis

ASM Stock  USD 1.15  0.01  0.88%   
Avino Silver financial indicator trend analysis is way more than just evaluating Avino Silver Gold prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avino Silver Gold is a good investment. Please check the relationship between Avino Silver Accounts Payable and its Other Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avino Silver Gold. 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.

Accounts Payable vs Other Assets

Accounts Payable vs Other Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avino Silver Gold Accounts Payable account and Other Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Avino Silver's Accounts Payable and Other Assets is -0.28. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Assets in the same time period over historical financial statements of Avino Silver Gold, assuming nothing else is changed. The correlation between historical values of Avino Silver's Accounts Payable and Other 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 Accounts Payable of Avino Silver Gold are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Accounts Payable i.e., Avino Silver's Accounts Payable and Other Assets go up and down completely randomly.

Correlation Coefficient

-0.28
Relationship DirectionNegative 
Relationship StrengthInsignificant

Accounts Payable

An accounting item on the balance sheet that represents Avino Silver obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Avino Silver Gold are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Other Assets

Most indicators from Avino Silver's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avino Silver 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 Avino Silver Gold. 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.
At this time, Avino Silver's Selling General Administrative is very stable compared to the past year. As of the 22nd of November 2024, Issuance Of Capital Stock is likely to grow to about 6.1 M, while Tax Provision is likely to drop about 171.9 K.
 2021 2022 2023 2024 (projected)
Interest Expense76K372K381K307.3K
Depreciation And Amortization2.1M2.1M3.0M3.2M

Avino Silver fundamental ratios Correlations

0.48-0.060.90.980.730.16-0.50.880.130.980.540.170.830.860.480.7-0.420.790.960.670.490.960.040.180.88
0.480.480.640.290.630.660.280.22-0.060.43-0.130.130.570.060.860.27-0.340.870.310.50.830.410.40.880.22
-0.060.480.12-0.160.130.370.29-0.11-0.11-0.04-0.19-0.150.0-0.210.29-0.04-0.020.24-0.07-0.090.19-0.10.170.52-0.21
0.90.640.120.840.730.39-0.340.86-0.030.910.450.050.70.720.50.77-0.440.840.880.540.460.82-0.020.30.73
0.980.29-0.160.840.64-0.02-0.640.90.220.960.610.210.750.940.290.71-0.370.630.970.640.320.96-0.06-0.020.92
0.730.630.130.730.640.24-0.190.460.210.69-0.120.240.550.470.690.7-0.390.780.610.730.70.70.340.480.58
0.160.660.370.39-0.020.240.590.18-0.790.250.1-0.620.4-0.230.670.08-0.240.640.13-0.180.550.030.280.68-0.12
-0.50.280.29-0.34-0.64-0.190.59-0.53-0.53-0.47-0.42-0.36-0.23-0.840.37-0.440.20.05-0.54-0.390.29-0.570.340.58-0.77
0.880.22-0.110.860.90.460.18-0.53-0.110.930.79-0.110.650.870.170.7-0.340.580.960.320.120.81-0.28-0.090.78
0.13-0.06-0.11-0.030.220.21-0.79-0.53-0.11-0.02-0.30.94-0.10.3-0.170.10.04-0.150.030.66-0.040.26-0.02-0.160.3
0.980.43-0.040.910.960.690.25-0.470.93-0.020.620.00.810.850.440.73-0.410.770.980.530.430.92-0.010.140.85
0.54-0.13-0.190.450.61-0.120.1-0.420.79-0.30.62-0.310.490.65-0.130.24-0.130.20.68-0.07-0.190.49-0.42-0.340.51
0.170.13-0.150.050.210.24-0.62-0.36-0.110.940.0-0.31-0.040.220.010.070.00.010.030.740.120.26-0.020.030.25
0.830.570.00.70.750.550.4-0.230.65-0.10.810.49-0.040.590.670.29-0.430.820.720.540.690.830.280.420.73
0.860.06-0.210.720.940.47-0.23-0.840.870.30.850.650.220.590.00.68-0.360.390.90.520.040.88-0.22-0.280.93
0.480.860.290.50.290.690.670.370.17-0.170.44-0.130.010.670.00.15-0.330.880.30.520.960.430.530.90.21
0.70.27-0.040.770.710.70.08-0.440.70.10.730.240.070.290.680.15-0.290.480.760.40.150.630.06-0.080.58
-0.42-0.34-0.02-0.44-0.37-0.39-0.240.2-0.340.04-0.41-0.130.0-0.43-0.36-0.33-0.29-0.43-0.37-0.31-0.3-0.51-0.07-0.24-0.57
0.790.870.240.840.630.780.640.050.58-0.150.770.20.010.820.390.880.48-0.430.660.580.840.710.310.720.52
0.960.31-0.070.880.970.610.13-0.540.960.030.980.680.030.720.90.30.76-0.370.660.50.280.91-0.080.00.84
0.670.5-0.090.540.640.73-0.18-0.390.320.660.53-0.070.740.540.520.520.4-0.310.580.50.590.720.250.340.64
0.490.830.190.460.320.70.550.290.12-0.040.43-0.190.120.690.040.960.15-0.30.840.280.590.460.610.860.27
0.960.41-0.10.820.960.70.03-0.570.810.260.920.490.260.830.880.430.63-0.510.710.910.720.460.050.150.93
0.040.40.17-0.02-0.060.340.280.34-0.28-0.02-0.01-0.42-0.020.28-0.220.530.06-0.070.31-0.080.250.610.050.46-0.08
0.180.880.520.3-0.020.480.680.58-0.09-0.160.14-0.340.030.42-0.280.9-0.08-0.240.720.00.340.860.150.46-0.07
0.880.22-0.210.730.920.58-0.12-0.770.780.30.850.510.250.730.930.210.58-0.570.520.840.640.270.93-0.08-0.07
Click cells to compare fundamentals

Avino Silver Account Relationship Matchups

Avino Silver fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets72.6M68.8M86.3M121.2M129.7M136.2M
Short Long Term Debt Total7.3M3.1M1.1M6.7M3.5M5.8M
Other Current Liab178K154K361.4K503K187.7K178.3K
Total Current Liabilities9.6M5.0M3.8M16.8M13.8M14.5M
Total Stockholder Equity53.9M59.0M78.5M98.0M105.5M110.7M
Property Plant And Equipment Net45.5M44.9M46.7M93.9M52.8M29.4M
Net Debt(2.3M)(8.6M)(23.7M)(4.6M)766K804.3K
Retained Earnings(47.2M)(54.3M)(56.0M)(52.0M)(51.2M)(48.6M)
Accounts Payable4.9M2.1M3.1M9.5M11.7M12.3M
Cash9.6M11.7M24.8M11.2M2.7M2.5M
Non Current Assets Total49.8M49.1M50.8M95.6M106.3M111.6M
Cash And Short Term Investments9.6M11.7M24.8M11.2M2.7M2.6M
Net Receivables7.0M5.6M4.6M2.7M10.0M10.5M
Common Stock Shares Outstanding70.0M83.2M100.2M117.6M125.3M131.6M
Liabilities And Stockholders Equity72.6M68.8M86.3M121.2M129.7M136.2M
Non Current Liabilities Total9.1M4.8M3.9M6.4M10.5M6.2M
Other Current Assets594K757K962K5.4M2.0M2.1M
Total Liab18.6M9.8M7.8M23.2M24.2M25.5M
Property Plant And Equipment Gross45.5M44.9M69.7M118.9M130.4M137.0M
Total Current Assets22.8M19.7M35.5M25.6M23.5M11.9M
Other Liab16.4M6.0M4.5M3.2M3.7M3.5M
Net Tangible Assets75.2M53.9M59.0M78.5M90.3M94.8M
Long Term Debt5.1M6.3M2.6M195K224.3K213.0K
Common Stock Total Equity81.5M88.0M96.4M108.3M124.5M130.8M
Inventory5.6M1.7M5.2M6.3M8.8M9.3M
Long Term Investments3.2M4.2M3.9M1.7M934K629.7K
Short Long Term Debt1.5M3.6M72K4.9M164K155.8K
Accumulated Other Comprehensive Income4.8M5.1M4.6M4.6M5.8M3.9M
Short Term Debt4.3M2.8M389K5.9M1.8M1.7M
Common Stock96.4M108.3M130.0M145.5M151.7M159.3M
Property Plant Equipment45.5M44.9M46.7M93.9M107.9M113.3M
Long Term Debt Total3.0M278K680K745K670.5K637.0K
Capital Lease Obligations1.1M486K1.1M1.7M3.1M3.2M

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When determining whether Avino Silver Gold is a strong investment it is important to analyze Avino Silver's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Avino Silver's future performance. For an informed investment choice regarding Avino Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avino Silver Gold. 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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Is Precious Metals & Minerals 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 Avino Silver. If investors know Avino 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 Avino Silver 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
(0.03)
Earnings Share
0.02
Revenue Per Share
0.407
Quarterly Revenue Growth
0.604
Return On Assets
0.0203
The market value of Avino Silver Gold is measured differently than its book value, which is the value of Avino that is recorded on the company's balance sheet. Investors also form their own opinion of Avino Silver's value that differs from its market value or its book value, called intrinsic value, which is Avino Silver'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 Avino Silver's market value can be influenced by many factors that don't directly affect Avino Silver'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 Avino Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avino Silver is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avino Silver'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.