Aya Days Sales Outstanding vs Free Cash Flow Yield Analysis

AYA Stock

CAD 13.41 0.65 5.09%

Aya Gold financial indicator trend analysis is way more than just evaluating Aya Gold Silver prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aya Gold Silver is a good investment. Please check the relationship between Aya Gold Days Sales Outstanding and its Free Cash Flow Yield accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aya Gold Silver. 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.

Days Sales Outstanding vs Free Cash Flow Yield

Days Sales Outstanding vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aya Gold Silver Days Sales Outstanding account and Free Cash Flow Yield. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Aya Gold's Days Sales Outstanding and Free Cash Flow Yield is -0.55. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Aya Gold Silver, assuming nothing else is changed. The correlation between historical values of Aya Gold's Days Sales Outstanding and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Sales Outstanding of Aya Gold Silver are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Days Sales Outstanding i.e., Aya Gold's Days Sales Outstanding and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.55

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Days Sales Outstanding

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Aya Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aya Gold Silver 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 Aya Gold Silver. 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, Aya Gold's Selling General Administrative is very stable compared to the past year. As of the 23rd of November 2024, Tax Provision is likely to grow to about 4.1 M, while Issuance Of Capital Stock is likely to drop about 51.4 M.

	2023	2024 (projected)
Cost Of Revenue	27.0M	28.4M
Research Development	217.5K	193.4K

Cost Of Revenue Research Development

Aya Gold fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Non Current Liabilities Total	Short Long Term Debt Total	Non Currrent Assets Other	Current Deferred Revenue	Accounts Payable	Inventory	Short Term Debt	Common Stock	Other Liab
Total Assets		-0.34	0.98	0.99	0.99	-0.08	-0.67	0.79	0.98	0.86	0.79	0.93	0.85	0.94	0.83	0.95	0.89	0.9	0.87	0.95	0.86	0.99	0.98	-0.5	0.98	0.4
Other Current Liab	-0.34		-0.31	-0.3	-0.37	-0.28	0.14	-0.1	-0.38	-0.2	-0.09	-0.32	-0.22	-0.32	-0.28	-0.41	-0.19	-0.46	-0.46	-0.44	-0.14	-0.37	-0.4	0.33	-0.33	-0.07
Total Current Liabilities	0.98	-0.31		0.95	0.99	0.07	-0.62	0.68	0.99	0.78	0.68	0.88	0.79	0.95	0.77	0.97	0.81	0.92	0.91	0.95	0.88	0.99	0.98	-0.35	0.93	0.27
Total Stockholder Equity	0.99	-0.3	0.95		0.96	-0.2	-0.71	0.85	0.95	0.9	0.85	0.95	0.89	0.93	0.86	0.9	0.94	0.84	0.8	0.9	0.87	0.97	0.96	-0.56	1.0	0.45
Property Plant And Equipment Net	0.99	-0.37	0.99	0.96		0.08	-0.6	0.67	1.0	0.77	0.67	0.88	0.79	0.93	0.79	0.98	0.8	0.94	0.92	0.97	0.83	0.99	0.99	-0.42	0.94	0.28
Net Debt	-0.08	-0.28	0.07	-0.2	0.08		0.46	-0.66	0.1	-0.49	-0.66	-0.29	-0.4	-0.07	-0.27	0.23	-0.51	0.33	0.39	0.21	-0.24	0.02	0.07	0.47	-0.23	-0.57
Retained Earnings	-0.67	0.14	-0.62	-0.71	-0.6	0.46		-0.77	-0.58	-0.78	-0.77	-0.79	-0.94	-0.64	-0.69	-0.53	-0.79	-0.45	-0.39	-0.49	-0.57	-0.63	-0.64	0.65	-0.76	-0.57
Cash	0.79	-0.1	0.68	0.85	0.67	-0.66	-0.77		0.66	0.93	1.0	0.84	0.86	0.71	0.77	0.58	0.98	0.49	0.43	0.59	0.77	0.71	0.68	-0.64	0.86	0.69
Non Current Assets Total	0.98	-0.38	0.99	0.95	1.0	0.1	-0.58	0.66		0.76	0.66	0.87	0.78	0.92	0.78	0.99	0.8	0.95	0.93	0.98	0.82	0.99	0.99	-0.42	0.94	0.28
Other Assets	0.86	-0.2	0.78	0.9	0.77	-0.49	-0.78	0.93	0.76		0.93	0.95	0.87	0.83	0.86	0.69	0.96	0.6	0.55	0.69	0.8	0.81	0.78	-0.58	0.91	0.67
Cash And Short Term Investments	0.79	-0.09	0.68	0.85	0.67	-0.66	-0.77	1.0	0.66	0.93		0.83	0.86	0.71	0.77	0.58	0.98	0.48	0.43	0.59	0.77	0.71	0.68	-0.64	0.86	0.69
Net Receivables	0.93	-0.32	0.88	0.95	0.88	-0.29	-0.79	0.84	0.87	0.95	0.83		0.92	0.93	0.88	0.8	0.92	0.71	0.67	0.79	0.83	0.91	0.9	-0.6	0.96	0.49
Common Stock Shares Outstanding	0.85	-0.22	0.79	0.89	0.79	-0.4	-0.94	0.86	0.78	0.87	0.86	0.92		0.8	0.8	0.71	0.91	0.63	0.57	0.69	0.73	0.82	0.82	-0.71	0.92	0.53
Other Current Assets	0.94	-0.32	0.95	0.93	0.93	-0.07	-0.64	0.71	0.92	0.83	0.71	0.93	0.8		0.8	0.88	0.83	0.79	0.78	0.85	0.9	0.96	0.94	-0.39	0.93	0.25
Other Stockholder Equity	0.83	-0.28	0.77	0.86	0.79	-0.27	-0.69	0.77	0.78	0.86	0.77	0.88	0.8	0.8		0.72	0.84	0.65	0.61	0.73	0.71	0.81	0.8	-0.56	0.86	0.52
Total Liab	0.95	-0.41	0.97	0.9	0.98	0.23	-0.53	0.58	0.99	0.69	0.58	0.8	0.71	0.88	0.72		0.72	0.99	0.98	0.99	0.78	0.97	0.97	-0.32	0.88	0.25
Total Current Assets	0.89	-0.19	0.81	0.94	0.8	-0.51	-0.79	0.98	0.8	0.96	0.98	0.92	0.91	0.83	0.84	0.72		0.63	0.58	0.72	0.84	0.83	0.81	-0.63	0.95	0.63
Non Current Liabilities Total	0.9	-0.46	0.92	0.84	0.94	0.33	-0.45	0.49	0.95	0.6	0.48	0.71	0.63	0.79	0.65	0.99	0.63		1.0	0.98	0.68	0.91	0.93	-0.3	0.81	0.22
Short Long Term Debt Total	0.87	-0.46	0.91	0.8	0.92	0.39	-0.39	0.43	0.93	0.55	0.43	0.67	0.57	0.78	0.61	0.98	0.58	1.0		0.97	0.65	0.89	0.91	-0.22	0.77	0.16
Non Currrent Assets Other	0.95	-0.44	0.95	0.9	0.97	0.21	-0.49	0.59	0.98	0.69	0.59	0.79	0.69	0.85	0.73	0.99	0.72	0.98	0.97		0.73	0.95	0.96	-0.36	0.88	0.28
Current Deferred Revenue	0.86	-0.14	0.88	0.87	0.83	-0.24	-0.57	0.77	0.82	0.8	0.77	0.83	0.73	0.9	0.71	0.78	0.84	0.68	0.65	0.73		0.87	0.82	-0.33	0.85	0.31
Accounts Payable	0.99	-0.37	0.99	0.97	0.99	0.02	-0.63	0.71	0.99	0.81	0.71	0.91	0.82	0.96	0.81	0.97	0.83	0.91	0.89	0.95	0.87		0.99	-0.44	0.96	0.3
Inventory	0.98	-0.4	0.98	0.96	0.99	0.07	-0.64	0.68	0.99	0.78	0.68	0.9	0.82	0.94	0.8	0.97	0.81	0.93	0.91	0.96	0.82	0.99		-0.45	0.95	0.28
Short Term Debt	-0.5	0.33	-0.35	-0.56	-0.42	0.47	0.65	-0.64	-0.42	-0.58	-0.64	-0.6	-0.71	-0.39	-0.56	-0.32	-0.63	-0.3	-0.22	-0.36	-0.33	-0.44	-0.45		-0.6	-0.55
Common Stock	0.98	-0.33	0.93	1.0	0.94	-0.23	-0.76	0.86	0.94	0.91	0.86	0.96	0.92	0.93	0.86	0.88	0.95	0.81	0.77	0.88	0.85	0.96	0.95	-0.6		0.46
Other Liab	0.4	-0.07	0.27	0.45	0.28	-0.57	-0.57	0.69	0.28	0.67	0.69	0.49	0.53	0.25	0.52	0.25	0.63	0.22	0.16	0.28	0.31	0.3	0.28	-0.55	0.46

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Aya Gold Account Relationship Matchups

Aya Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	48.2M	72.1M	161.3M	156.8M	333.1M	349.7M
Other Current Liab	1.7M	735.9K	3.4M	1.9M	145K	137.8K
Total Current Liabilities	5.5M	6.4M	17.5M	24.2M	46.7M	49.0M
Total Stockholder Equity	40.5M	61.0M	133.0M	125.7M	220.7M	231.8M
Property Plant And Equipment Net	26.8M	30.4M	63.5M	93.9M	221.5M	232.6M
Net Debt	(16.5M)	(30.2M)	(81.2M)	(39.1M)	9.0M	9.4M
Retained Earnings	(43.8M)	(48.5M)	(52.2M)	(53.6M)	(52.2M)	(49.6M)
Cash	16.6M	30.5M	81.7M	39.4M	49.8M	52.3M
Non Current Assets Total	27.1M	33.2M	67.4M	97.0M	252.7M	265.3M
Other Assets	305.9K	2.8M	3.9M	3.1M	3.5M	3.7M
Cash And Short Term Investments	16.6M	30.5M	81.7M	39.4M	49.8M	52.3M
Net Receivables	2.1M	6.3M	6.9M	10.7M	11.4M	12.0M
Common Stock Shares Outstanding	79.6M	83.7M	103.0M	113.0M	123.2M	129.4M
Liabilities And Stockholders Equity	48.2M	72.1M	161.3M	156.8M	333.1M	349.7M
Other Current Assets	39.7K	364.0K	955.5K	2.1M	2.3M	2.5M
Other Stockholder Equity	8.8M	16.2M	18.0M	19.9M	22.9M	24.0M
Total Liab	7.3M	10.1M	21.3M	26.5M	107.9M	113.3M
Total Current Assets	21.0M	38.9M	93.9M	59.8M	80.4M	84.4M
Non Current Liabilities Total	1.8M	3.8M	3.8M	2.3M	61.2M	64.3M
Short Long Term Debt Total	78.0K	316.3K	425.9K	287K	58.8M	61.7M
Non Currrent Assets Other	305.9K	2.8M	3.9M	3.1M	30.5M	32.1M
Accounts Payable	3.7M	5.4M	13.8M	22.2M	41.7M	43.8M
Inventory	2.2M	1.7M	4.4M	7.7M	16.8M	17.7M
Accumulated Other Comprehensive Income	(3.7M)	(2.1M)	(2.5M)	8.6M	(7.8M)	(7.4M)
Short Term Debt	57.0K	134.1K	244.6K	160.3K	233K	221.4K
Common Stock	79.2M	95.5M	169.6M	170.7M	260.9M	273.9M
Other Liab	1.8M	3.6M	3.6M	2.1M	2.4M	2.9M
Net Tangible Assets	40.5M	61.0M	133.0M	125.7M	144.6M	151.8M
Long Term Debt Total	21.0K	182.2K	181.3K	126.7K	114.0K	108.3K
Capital Surpluse	5.5M	7.4M	7.6M	12.1M	13.9M	7.9M
Property Plant Equipment	26.8M	30.4M	63.5M	93.9M	108.0M	113.4M
Net Invested Capital	40.5M	61.0M	133.0M	125.7M	278.4M	292.3M
Net Working Capital	15.6M	32.5M	76.4M	35.6M	33.7M	33.4M
Capital Lease Obligations	78.0K	316.3K	425.9K	287K	1.1M	1.2M
Capital Stock	79.2M	95.5M	169.6M	170.7M	260.9M	154.8M

Pair Trading with Aya Gold

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 Aya Gold 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 Aya Gold will appreciate offsetting losses from the drop in the long position's value.

Moving together with Aya Stock

0.82

ORE

Orezone Gold Corp

Pair Corr

Moving against Aya Stock

0.48	BRK	Berkshire Hathaway CDR	Pair Corr
0.31	TSLA	Tesla Inc CDR	Pair Corr

The ability to find closely correlated positions to Aya Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aya Gold 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 Aya Gold - 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 Aya Gold Silver to buy it.

The correlation of Aya Gold 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 Aya Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aya Gold Silver 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 Aya Gold 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.

Pair Correlation Correlation Matching

Other Information on Investing in Aya Stock

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

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Aya Days Sales Outstanding vs Free Cash Flow Yield Analysis

Days Sales Outstanding vs Free Cash Flow Yield

Days Sales Outstanding vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Days Sales Outstanding

Free Cash Flow Yield

Aya Gold fundamental ratios Correlations

Aya Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Aya Gold fundamental ratios Accounts

Pair Trading with Aya Gold

Moving together with Aya Stock

Moving against Aya Stock

Other Information on Investing in Aya Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Short Long Term Debt Total	+ 1.0	Non Current Liabilities Total
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets

Common Stock Shares Outstanding	- 0.94	Retained Earnings
Total Current Assets	- 0.79	Retained Earnings
Net Receivables	- 0.79	Retained Earnings
Other Assets	- 0.78	Retained Earnings
Cash And Short Term Investments	- 0.77	Retained Earnings
Cash	- 0.77	Retained Earnings