AU Stock | | | CAD 0.62 0.01 1.64% |
Aurion Resources financial indicator trend analysis is way more than just evaluating Aurion Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aurion Resources is a good investment. Please check the relationship between Aurion Resources Asset Turnover and its Total Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurion 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.
Asset Turnover vs Total Current Assets
Asset Turnover vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Aurion Resources Asset Turnover account and
Total Current Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between Aurion Resources' Asset Turnover and Total Current Assets is 0.28. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Aurion Resources, assuming nothing else is changed. The correlation between historical values of Aurion Resources' Asset Turnover and Total 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 Asset Turnover of Aurion Resources are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Asset Turnover i.e., Aurion Resources' Asset Turnover and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.28 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Aurion Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aurion 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 Aurion 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.
At this time, Aurion Resources'
Issuance Of Capital Stock is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 60.2
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 2.5
M in 2024.
Aurion Resources fundamental ratios Correlations
Click cells to compare fundamentals
Aurion Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aurion Resources fundamental ratios Accounts
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Additional Tools for Aurion Stock Analysis
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measure Aurion 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 Aurion Resources is operating at the current time. Most of Aurion Resources' value examination focuses on studying past and present price action to
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