B2Gold Inventory vs Net Receivables Analysis

BTO Stock

CAD 3.60 0.07 1.91%

B2Gold Corp financial indicator trend analysis is way more than just evaluating B2Gold Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether B2Gold Corp is a good investment. Please check the relationship between B2Gold Corp Inventory and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in B2Gold Corp. 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.

To learn how to invest in B2Gold Stock, please use our How to Invest in B2Gold Corp guide.

Inventory vs Net Receivables

Inventory vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of B2Gold Corp Inventory account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.

The correlation between B2Gold Corp's Inventory and Net Receivables is 0.7. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Net Receivables in the same time period over historical financial statements of B2Gold Corp, assuming nothing else is changed. The correlation between historical values of B2Gold Corp's Inventory and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of B2Gold Corp are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Inventory i.e., B2Gold Corp's Inventory and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.7

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Inventory

Net Receivables

Most indicators from B2Gold Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into B2Gold Corp 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 B2Gold Corp. 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.

To learn how to invest in B2Gold Stock, please use our How to Invest in B2Gold Corp guide.At this time, B2Gold Corp's Discontinued Operations is very stable compared to the past year. As of the 17th of February 2025, Enterprise Value Over EBITDA is likely to grow to 4.61, while Selling General Administrative is likely to drop about 55.4 M.

	2022	2023	2024	2025 (projected)
Gross Profit	604.2M	1.2B	1.4B	1.4B
Total Revenue	1.7B	1.9B	2.2B	2.3B

Gross Profit Total Revenue

B2Gold Corp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	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	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Short Term Investments	Current Deferred Revenue
Total Assets		-0.02	0.02	0.79	0.99	0.99	-0.27	0.51	0.99	0.52	0.99	0.88	0.67	0.52	0.62	0.78	0.57	0.95	0.62	-0.31	0.65	0.95	0.69	-0.01	-0.43	0.88
Short Long Term Debt Total	-0.02		0.57	0.3	-0.15	0.1	0.86	-0.76	0.0	-0.48	0.06	-0.21	-0.17	-0.48	-0.43	0.25	0.62	-0.09	-0.31	-0.43	0.57	-0.07	-0.35	0.59	-0.35	-0.26
Other Current Liab	0.02	0.57		0.34	-0.07	0.12	0.63	-0.47	0.08	-0.49	0.1	0.1	-0.27	-0.49	-0.53	0.1	0.36	0.02	-0.51	-0.06	0.39	0.01	-0.36	0.42	-0.02	0.02
Total Current Liabilities	0.79	0.3	0.34		0.73	0.8	0.01	0.22	0.8	0.37	0.78	0.61	0.68	0.37	0.4	0.71	0.56	0.81	0.45	-0.3	0.76	0.71	0.55	0.58	-0.36	0.75
Total Stockholder Equity	0.99	-0.15	-0.07	0.73		0.96	-0.39	0.61	0.98	0.58	0.97	0.91	0.67	0.58	0.67	0.73	0.47	0.95	0.66	-0.27	0.55	0.95	0.72	-0.1	-0.39	0.9
Property Plant And Equipment Net	0.99	0.1	0.12	0.8	0.96		-0.13	0.38	0.98	0.4	1.0	0.87	0.6	0.4	0.52	0.8	0.65	0.93	0.55	-0.33	0.72	0.95	0.59	0.02	-0.45	0.83
Net Debt	-0.27	0.86	0.63	0.01	-0.39	-0.13		-0.9	-0.24	-0.81	-0.17	-0.31	-0.52	-0.81	-0.69	-0.04	0.45	-0.36	-0.56	-0.11	0.34	-0.23	-0.69	0.42	-0.07	-0.53
Retained Earnings	0.51	-0.76	-0.47	0.22	0.61	0.38	-0.9		0.5	0.71	0.43	0.59	0.53	0.71	0.67	0.13	-0.3	0.55	0.54	0.08	-0.17	0.51	0.66	-0.34	0.01	0.65
Accounts Payable	0.99	0.0	0.08	0.8	0.98	0.98	-0.24	0.5		0.46	0.99	0.91	0.63	0.46	0.59	0.75	0.55	0.95	0.6	-0.26	0.64	0.97	0.64	0.02	-0.41	0.85
Cash	0.52	-0.48	-0.49	0.37	0.58	0.4	-0.81	0.71	0.46		0.41	0.33	0.78	1.0	0.88	0.49	0.05	0.58	0.73	-0.19	0.2	0.36	0.95	-0.08	-0.2	0.69
Non Current Assets Total	0.99	0.06	0.1	0.78	0.97	1.0	-0.17	0.43	0.99	0.41		0.89	0.59	0.41	0.54	0.77	0.62	0.93	0.55	-0.31	0.68	0.96	0.59	0.0	-0.44	0.83
Non Currrent Assets Other	0.88	-0.21	0.1	0.61	0.91	0.87	-0.31	0.59	0.91	0.33	0.89		0.4	0.34	0.42	0.52	0.32	0.85	0.42	-0.11	0.39	0.94	0.49	-0.18	-0.18	0.79
Other Assets	0.67	-0.17	-0.27	0.68	0.67	0.6	-0.52	0.53	0.63	0.78	0.59	0.4		0.78	0.84	0.71	0.29	0.74	0.83	-0.2	0.48	0.54	0.87	0.2	-0.47	0.77
Cash And Short Term Investments	0.52	-0.48	-0.49	0.37	0.58	0.4	-0.81	0.71	0.46	1.0	0.41	0.34	0.78		0.88	0.49	0.05	0.58	0.73	-0.19	0.19	0.36	0.95	-0.09	-0.2	0.69
Net Receivables	0.62	-0.43	-0.53	0.4	0.67	0.52	-0.69	0.67	0.59	0.88	0.54	0.42	0.84	0.88		0.64	0.2	0.7	0.9	-0.09	0.32	0.5	0.93	-0.14	-0.37	0.64
Common Stock Shares Outstanding	0.78	0.25	0.1	0.71	0.73	0.8	-0.04	0.13	0.75	0.49	0.77	0.52	0.71	0.49	0.64		0.82	0.77	0.67	-0.41	0.88	0.64	0.71	0.15	-0.62	0.66
Non Current Liabilities Total	0.57	0.62	0.36	0.56	0.47	0.65	0.45	-0.3	0.55	0.05	0.62	0.32	0.29	0.05	0.2	0.82		0.46	0.23	-0.46	0.95	0.48	0.27	0.22	-0.5	0.3
Inventory	0.95	-0.09	0.02	0.81	0.95	0.93	-0.36	0.55	0.95	0.58	0.93	0.85	0.74	0.58	0.7	0.77	0.46		0.69	-0.27	0.59	0.88	0.75	0.05	-0.38	0.89
Other Current Assets	0.62	-0.31	-0.51	0.45	0.66	0.55	-0.56	0.54	0.6	0.73	0.55	0.42	0.83	0.73	0.9	0.67	0.23	0.69		-0.2	0.35	0.55	0.83	-0.05	-0.35	0.62
Other Stockholder Equity	-0.31	-0.43	-0.06	-0.3	-0.27	-0.33	-0.11	0.08	-0.26	-0.19	-0.31	-0.11	-0.2	-0.19	-0.09	-0.41	-0.46	-0.27	-0.2		-0.46	-0.2	-0.26	-0.15	0.07	-0.25
Total Liab	0.65	0.57	0.39	0.76	0.55	0.72	0.34	-0.17	0.64	0.2	0.68	0.39	0.48	0.19	0.32	0.88	0.95	0.59	0.35	-0.46		0.54	0.43	0.41	-0.5	0.46
Property Plant And Equipment Gross	0.95	-0.07	0.01	0.71	0.95	0.95	-0.23	0.51	0.97	0.36	0.96	0.94	0.54	0.36	0.5	0.64	0.48	0.88	0.55	-0.2	0.54		0.53	-0.09	-0.31	0.79
Total Current Assets	0.69	-0.35	-0.36	0.55	0.72	0.59	-0.69	0.66	0.64	0.95	0.59	0.49	0.87	0.95	0.93	0.71	0.27	0.75	0.83	-0.26	0.43	0.53		-0.01	-0.31	0.78
Short Term Debt	-0.01	0.59	0.42	0.58	-0.1	0.02	0.42	-0.34	0.02	-0.08	0.0	-0.18	0.2	-0.09	-0.14	0.15	0.22	0.05	-0.05	-0.15	0.41	-0.09	-0.01		-0.11	0.0
Short Term Investments	-0.43	-0.35	-0.02	-0.36	-0.39	-0.45	-0.07	0.01	-0.41	-0.2	-0.44	-0.18	-0.47	-0.2	-0.37	-0.62	-0.5	-0.38	-0.35	0.07	-0.5	-0.31	-0.31	-0.11		-0.29
Current Deferred Revenue	0.88	-0.26	0.02	0.75	0.9	0.83	-0.53	0.65	0.85	0.69	0.83	0.79	0.77	0.69	0.64	0.66	0.3	0.89	0.62	-0.25	0.46	0.79	0.78	0.0	-0.29

Click cells to compare fundamentals

B2Gold Corp Account Relationship Matchups

B2Gold Corp fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	3.4B	3.6B	3.7B	4.9B	5.6B	5.9B
Short Long Term Debt Total	110.0M	75.1M	57.2M	180.8M	207.9M	242.5M
Other Current Liab	8.2M	(91.2M)	7.7M	20.7M	18.7M	19.6M
Total Current Liabilities	286.1M	231.2M	233.6M	313.5M	360.5M	378.5M
Total Stockholder Equity	2.6B	2.9B	3.0B	3.8B	4.4B	4.6B
Property Plant And Equipment Net	2.4B	2.2B	2.3B	3.6B	4.1B	4.3B
Net Debt	(369.7M)	(597.9M)	(594.7M)	(126.1M)	(113.5M)	(107.8M)
Retained Earnings	254.3M	507.4M	588.1M	395.9M	455.2M	478.0M
Accounts Payable	89.1M	111.7M	114.8M	167.1M	192.2M	201.8M
Cash	479.7M	673.0M	651.9M	306.9M	352.9M	224.7M
Non Current Assets Total	2.6B	2.5B	2.6B	4.2B	4.8B	5.0B
Non Currrent Assets Other	76.5M	70.8M	219.4M	380.3M	437.3M	459.2M
Other Assets	73.3M	127.1M	147.0M	93M	107.0M	75.3M
Cash And Short Term Investments	479.7M	673.0M	651.9M	306.9M	352.9M	226.9M
Net Receivables	33.1M	63.8M	51.2M	37.7M	43.3M	24.3M
Common Stock Shares Outstanding	1.0B	1.1B	1.1B	1.2B	1.4B	792.4M
Liabilities And Stockholders Equity	3.4B	3.6B	3.7B	4.9B	5.6B	5.9B
Non Current Liabilities Total	415.7M	369.1M	335.8M	651.2M	748.8M	396.3M
Inventory	238.1M	272.4M	332.0M	346.5M	398.5M	418.4M
Other Current Assets	45.0M	100.8M	51.2M	57.3M	65.9M	37.5M
Other Stockholder Equity	48.5M	67.0M	78.2M	85.0M	76.5M	97.3M
Total Liab	701.8M	600.3M	569.4M	964.6M	1.1B	558.6M
Property Plant And Equipment Gross	2.4B	3.8B	2.3B	6.4B	7.4B	7.7B
Total Current Assets	762.7M	1.0B	1.0B	710.7M	817.3M	414.0M
Accumulated Other Comprehensive Income	(138.5M)	(136.3M)	(145.9M)	(125.3M)	(112.7M)	(118.4M)
Short Term Debt	34.1M	25.4M	15.5M	4.9M	5.7M	5.4M
Current Deferred Revenue	53.4M	154.7M	93.0M	123.7M	142.3M	149.4M
Common Stock	2.4B	2.4B	2.5B	3.5B	4.0B	2.4B
Other Liab	230.5M	339.8M	319.4M	294.1M	338.2M	265.6M
Net Tangible Assets	2.0B	2.6B	2.9B	3.0B	3.5B	2.1B
Long Term Debt	48.7M	25.2M	13.4M	152.0M	136.8M	212.6M
Long Term Investments	85.6M	136.4M	151.9M	220.1M	253.1M	265.8M
Short Long Term Debt	26.0M	34.1M	25.4M	15.5M	14.0M	13.3M
Property Plant Equipment	2.0B	2.4B	2.2B	2.3B	2.6B	2.2B
Long Term Debt Total	235.8M	75.9M	49.7M	41.7M	37.5M	35.7M
Capital Surpluse	56.7M	48.5M	67.0M	78.2M	90.0M	69.8M
Non Current Liabilities Other	8.7M	7.8M	7.9M	23.8M	27.4M	28.8M

Pair Trading with B2Gold Corp

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 B2Gold Corp 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 B2Gold Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with B2Gold Stock

0.74	AG	First Majestic Silver	Pair Corr
0.76	IE	Ivanhoe Energy	Pair Corr
0.63	FDY	Faraday Copper Corp	Pair Corr

Moving against B2Gold Stock

0.79	OIII	O3 Mining	Pair Corr
0.75	GOOG	Alphabet CDR	Pair Corr
0.68	AMZN	Amazon CDR	Pair Corr
0.54	FDR	Flinders Resources	Pair Corr
0.49	META	Meta Platforms CDR	Pair Corr

The ability to find closely correlated positions to B2Gold Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace B2Gold Corp 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 B2Gold Corp - 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 B2Gold Corp to buy it.

The correlation of B2Gold Corp 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 B2Gold Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if B2Gold Corp 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 B2Gold Corp 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

When determining whether B2Gold Corp is a strong investment it is important to analyze B2Gold Corp'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 B2Gold Corp's future performance. For an informed investment choice regarding B2Gold Stock, refer to the following important reports:

How To Invest In B2Gold

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Is B2Gold Stock a good investment?

Details

What is B2Gold Corp's Net Worth?

Details

Largest Metals & Mining Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in B2Gold Corp. 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.

To learn how to invest in B2Gold Stock, please use our How to Invest in B2Gold Corp guide.

You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Please note, there is a significant difference between B2Gold Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if B2Gold Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, B2Gold Corp'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.

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B2Gold Inventory vs Net Receivables Analysis

Inventory vs Net Receivables

Inventory vs Net Receivables Correlation Analysis

Correlation Coefficient

Inventory

Net Receivables

B2Gold Corp fundamental ratios Correlations

B2Gold Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

B2Gold Corp fundamental ratios Accounts

Pair Trading with B2Gold Corp

Moving together with B2Gold Stock

Moving against B2Gold Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets

Retained Earnings	- 0.9	Net Debt
Cash And Short Term Investments	- 0.81	Net Debt
Cash	- 0.81	Net Debt
Retained Earnings	- 0.76	Short Long Term Debt Total
Total Current Assets	- 0.69	Net Debt
Net Receivables	- 0.69	Net Debt