Azimut Free Cash Flow Yield vs Average Payables Analysis

AZM Stock

CAD 0.62 0.02 3.13%

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

Free Cash Flow Yield vs Average Payables

Free Cash Flow Yield vs Average Payables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Azimut Exploration Free Cash Flow Yield account and Average Payables. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Azimut Exploration's Free Cash Flow Yield and Average Payables is 0.14. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Average Payables in the same time period over historical financial statements of Azimut Exploration, assuming nothing else is changed. The correlation between historical values of Azimut Exploration's Free Cash Flow Yield 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 Free Cash Flow Yield of Azimut Exploration 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 Free Cash Flow Yield i.e., Azimut Exploration's Free Cash Flow Yield and Average Payables go up and down completely randomly.

Correlation Coefficient

0.14

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

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.

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 Azimut Exploration's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Azimut Exploration 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 Azimut Exploration. 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.

Azimut Exploration reported Tax Provision of (3.4 Million) in 2023. Enterprise Value is likely to climb to about 80.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 806.4 K in 2024.

	2021	2022	2023	2024 (projected)
Cost Of Revenue	62.0K	79.5K	91.4K	96.0K
Research Development	109.9K	256.0K	294.4K	309.2K

Cost Of Revenue Research Development

Azimut Exploration fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Inventory	Other Current Assets	Short Term Debt	Other Current Liab	Common Stock	Other Liab	Net Tangible Assets
Common Stock Shares Outstanding		0.91	-0.66	0.54	0.91	0.91	-0.39	-0.75	0.94	0.42	0.91	0.89	0.43	0.53	0.88	-0.13	0.65	0.46	-0.48	-0.44	0.41	-0.74	0.46	0.81	0.88	0.89
Total Assets	0.91		-0.82	0.57	1.0	0.93	-0.54	-0.5	0.93	0.57	0.93	0.92	0.59	0.71	0.95	-0.05	0.71	0.63	-0.48	-0.2	0.49	-0.84	0.61	0.91	0.95	0.99
Short Long Term Debt Total	-0.66	-0.82		-0.29	-0.84	-0.79	0.38	0.15	-0.7	-0.4	-0.79	-0.73	-0.42	-0.71	-0.79	-0.21	-0.44	-0.48	0.08	0.15	-0.44	0.95	-0.43	-0.71	-0.79	-0.8
Total Current Liabilities	0.54	0.57	-0.29		0.51	0.29	-0.88	-0.59	0.46	0.88	0.29	0.3	0.89	0.7	0.36	-0.23	0.97	0.89	-0.55	-0.29	0.47	-0.41	0.83	0.62	0.36	0.47
Total Stockholder Equity	0.91	1.0	-0.84	0.51		0.95	-0.49	-0.47	0.93	0.53	0.95	0.93	0.54	0.69	0.97	-0.03	0.66	0.58	-0.45	-0.18	0.47	-0.85	0.57	0.9	0.97	0.99
Property Plant And Equipment Net	0.91	0.93	-0.79	0.29	0.95		-0.21	-0.43	0.96	0.25	1.0	0.98	0.26	0.5	0.98	-0.02	0.46	0.31	-0.43	-0.14	0.41	-0.77	0.4	0.81	0.98	0.96
Net Debt	-0.39	-0.54	0.38	-0.88	-0.49	-0.21		0.4	-0.3	-1.0	-0.21	-0.22	-1.0	-0.74	-0.3	0.15	-0.86	-0.99	0.31	0.23	-0.33	0.48	-0.7	-0.59	-0.31	-0.45
Retained Earnings	-0.75	-0.5	0.15	-0.59	-0.47	-0.43	0.4		-0.55	-0.4	-0.43	-0.45	-0.4	-0.24	-0.39	0.36	-0.6	-0.39	0.38	0.74	-0.18	0.37	-0.26	-0.49	-0.42	-0.43
Accounts Payable	0.94	0.93	-0.7	0.46	0.93	0.96	-0.3	-0.55		0.33	0.96	0.96	0.35	0.51	0.96	-0.16	0.61	0.39	-0.6	-0.15	0.46	-0.7	0.56	0.84	0.97	0.95
Cash	0.42	0.57	-0.4	0.88	0.53	0.25	-1.0	-0.4	0.33		0.25	0.26	1.0	0.75	0.34	-0.15	0.86	0.99	-0.33	-0.22	0.34	-0.5	0.71	0.61	0.34	0.48
Non Current Assets Total	0.91	0.93	-0.79	0.29	0.95	1.0	-0.21	-0.43	0.96	0.25		0.98	0.26	0.49	0.98	-0.03	0.46	0.31	-0.44	-0.13	0.4	-0.77	0.4	0.82	0.98	0.96
Non Currrent Assets Other	0.89	0.92	-0.73	0.3	0.93	0.98	-0.22	-0.45	0.96	0.26	0.98		0.27	0.42	0.97	-0.09	0.45	0.3	-0.51	-0.08	0.25	-0.7	0.37	0.81	0.96	0.95
Cash And Short Term Investments	0.43	0.59	-0.42	0.89	0.54	0.26	-1.0	-0.4	0.35	1.0	0.26	0.27		0.77	0.35	-0.15	0.88	0.99	-0.33	-0.22	0.4	-0.51	0.74	0.62	0.36	0.5
Net Receivables	0.53	0.71	-0.71	0.7	0.69	0.5	-0.74	-0.24	0.51	0.75	0.49	0.42	0.77		0.55	0.33	0.77	0.83	-0.17	-0.25	0.63	-0.79	0.73	0.7	0.55	0.62
Non Current Liabilities Total	0.88	0.95	-0.79	0.36	0.97	0.98	-0.3	-0.39	0.96	0.34	0.98	0.97	0.35	0.55		-0.08	0.52	0.4	-0.51	-0.04	0.46	-0.75	0.51	0.85	1.0	0.98
Other Stockholder Equity	-0.13	-0.05	-0.21	-0.23	-0.03	-0.02	0.15	0.36	-0.16	-0.15	-0.03	-0.09	-0.15	0.33	-0.08		-0.22	-0.08	0.46	-0.09	-0.06	-0.25	-0.2	-0.17	-0.1	-0.1
Total Liab	0.65	0.71	-0.44	0.97	0.66	0.46	-0.86	-0.6	0.61	0.86	0.46	0.45	0.88	0.77	0.52	-0.22		0.89	-0.59	-0.27	0.54	-0.55	0.86	0.78	0.53	0.62
Total Current Assets	0.46	0.63	-0.48	0.89	0.58	0.31	-0.99	-0.39	0.39	0.99	0.31	0.3	0.99	0.83	0.4	-0.08	0.89		-0.32	-0.23	0.45	-0.57	0.76	0.66	0.4	0.54
Intangible Assets	-0.48	-0.48	0.08	-0.55	-0.45	-0.43	0.31	0.38	-0.6	-0.33	-0.44	-0.51	-0.33	-0.17	-0.51	0.46	-0.59	-0.32		-0.29	-0.2	0.03	-0.62	-0.54	-0.49	-0.51
Inventory	-0.44	-0.2	0.15	-0.29	-0.18	-0.14	0.23	0.74	-0.15	-0.22	-0.13	-0.08	-0.22	-0.25	-0.04	-0.09	-0.27	-0.23	-0.29		-0.11	0.42	0.1	-0.16	-0.07	-0.08
Other Current Assets	0.41	0.49	-0.44	0.47	0.47	0.41	-0.33	-0.18	0.46	0.34	0.4	0.25	0.4	0.63	0.46	-0.06	0.54	0.45	-0.2	-0.11		-0.44	0.73	0.47	0.48	0.44
Short Term Debt	-0.74	-0.84	0.95	-0.41	-0.85	-0.77	0.48	0.37	-0.7	-0.5	-0.77	-0.7	-0.51	-0.79	-0.75	-0.25	-0.55	-0.57	0.03	0.42	-0.44		-0.41	-0.76	-0.76	-0.78
Other Current Liab	0.46	0.61	-0.43	0.83	0.57	0.4	-0.7	-0.26	0.56	0.71	0.4	0.37	0.74	0.73	0.51	-0.2	0.86	0.76	-0.62	0.1	0.73	-0.41		0.65	0.51	0.56
Common Stock	0.81	0.91	-0.71	0.62	0.9	0.81	-0.59	-0.49	0.84	0.61	0.82	0.81	0.62	0.7	0.85	-0.17	0.78	0.66	-0.54	-0.16	0.47	-0.76	0.65		0.85	0.9
Other Liab	0.88	0.95	-0.79	0.36	0.97	0.98	-0.31	-0.42	0.97	0.34	0.98	0.96	0.36	0.55	1.0	-0.1	0.53	0.4	-0.49	-0.07	0.48	-0.76	0.51	0.85		0.98
Net Tangible Assets	0.89	0.99	-0.8	0.47	0.99	0.96	-0.45	-0.43	0.95	0.48	0.96	0.95	0.5	0.62	0.98	-0.1	0.62	0.54	-0.51	-0.08	0.44	-0.78	0.56	0.9	0.98

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Azimut Exploration Account Relationship Matchups

Azimut Exploration fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	61.6M	70.6M	81.9M	79.7M	91.6M	96.2M
Total Assets	18.3M	51.9M	54.2M	46.7M	53.7M	56.4M
Total Current Liabilities	3.4M	6.5M	5.5M	1.5M	1.8M	1.8M
Total Stockholder Equity	14.5M	44.3M	47.2M	43.5M	50.1M	52.6M
Property Plant And Equipment Net	10.9M	18.0M	31.6M	37.3M	42.9M	45.0M
Net Debt	(5.5M)	(27.5M)	(14.0M)	(3.2M)	(2.9M)	(3.0M)
Retained Earnings	(24.3M)	(24.9M)	(23.3M)	(25.1M)	(22.6M)	(23.7M)
Accounts Payable	2.0M	1.5M	2.7M	4.8M	5.5M	5.7M
Cash	5.8M	27.6M	14.0M	3.3M	3.8M	4.1M
Non Current Assets Total	11.9M	20.5M	34.1M	41.7M	48.0M	50.4M
Non Currrent Assets Other	926.0K	2.4M	2.4M	4.4M	5.0M	5.3M
Cash And Short Term Investments	5.8M	27.6M	15.9M	3.3M	3.8M	4.2M
Net Receivables	554.9K	3.7M	4.0M	1.5M	1.7M	1.2M
Liabilities And Stockholders Equity	18.3M	51.9M	54.2M	46.7M	53.7M	56.4M
Non Current Liabilities Total	370.1K	1.1M	1.5M	1.6M	1.8M	1.9M
Total Liab	3.8M	7.5M	7.0M	3.1M	3.6M	2.3M
Total Current Assets	6.4M	31.4M	20.1M	5.0M	5.7M	5.5M
Accumulated Other Comprehensive Income	2.4M	3.6M	4.4M	3.7M	4.3M	4.5M
Other Current Assets	36.1K	50.1K	2.0M	160.0K	184.1K	299.2K
Other Current Liab	935.1K	3.4M	5.0M	1.3M	1.5M	1.5M
Common Stock	32.7M	61.6M	61.9M	60.0M	69.0M	37.2M
Other Liab	249.5K	251.5K	987.8K	1.5M	1.7M	1.8M
Net Tangible Assets	6.1M	14.5M	44.3M	47.2M	54.2M	57.0M
Other Assets	839.2K	926.0K	2.4M	2.4M	2.7M	2.9M
Long Term Investments	50.6K	73.9K	51.9K	36.3K	32.6K	31.0K
Property Plant Equipment	5.1M	10.9M	18.0M	31.6M	36.4M	38.2M
Current Deferred Revenue	725.8K	291.9K	458.2K	217.6K	195.8K	186.1K
Short Term Investments	3.1M	12.1M	1.9M	2.3M	2.7M	3.1M
Net Invested Capital	14.5M	44.3M	47.2M	43.5M	50.1M	26.1M
Net Working Capital	3.0M	24.9M	14.6M	3.4M	3.9M	7.8M
Capital Stock	32.7M	61.6M	61.9M	60.0M	69.0M	48.5M

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