Durango Accounts Payable vs Net Receivables Analysis

DGO Stock

CAD 0.02 0.01 20.00%

Durango Resources financial indicator trend analysis is much more than just examining Durango Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Durango Resources is a good investment. Please check the relationship between Durango Resources Accounts Payable and its Net Receivables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Durango 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.

Accounts Payable vs Net Receivables

Accounts Payable vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Durango Resources Accounts Payable account and Net Receivables. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Durango Resources' Accounts Payable and Net Receivables is 0.13. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Durango Resources, assuming nothing else is changed. The correlation between historical values of Durango Resources' Accounts Payable 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 Accounts Payable of Durango Resources 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 Accounts Payable i.e., Durango Resources' Accounts Payable and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.13

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Durango Resources 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 Durango Resources 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.

Net Receivables

Most indicators from Durango Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Durango 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Durango 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, Durango Resources' Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 1 M in 2024, despite the fact that Enterprise Value Over EBITDA is likely to grow to (8.78).

Durango Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Accounts Payable	Other Assets	Inventory	Other Current Assets	Common Stock	Net Tangible Assets	Property Plant Equipment	Net Invested Capital	Net Working Capital	Short Long Term Debt Total
Total Assets		0.02	0.99	0.94	-0.65	-0.12	0.65	0.94	-0.38	0.78	0.5	0.29	-0.34	0.02	0.85	0.14	0.17	0.0	-0.48	0.49	0.44	0.9	0.85	0.23	-0.05	0.07
Total Current Liabilities	0.02		-0.1	-0.06	-0.41	-0.59	0.39	-0.07	-0.15	0.19	-0.25	0.73	-0.17	1.0	0.16	0.95	-0.12	-0.11	0.25	-0.25	0.45	-0.1	-0.09	-0.55	-0.6	-0.5
Total Stockholder Equity	0.99	-0.1		0.94	-0.6	-0.05	0.58	0.94	-0.35	0.74	0.53	0.2	-0.31	-0.1	0.81	0.03	0.17	0.0	-0.51	0.51	0.36	0.92	0.87	0.3	0.03	0.12
Property Plant And Equipment Net	0.94	-0.06	0.94		-0.42	-0.07	0.41	1.0	-0.4	0.52	0.66	0.21	-0.13	-0.06	0.61	0.08	0.11	0.12	-0.64	0.64	0.3	0.82	0.88	0.36	0.02	0.12
Net Debt	-0.65	-0.41	-0.6	-0.42		0.45	-0.97	-0.42	0.34	-0.87	0.08	-0.55	0.58	-0.41	-0.85	-0.39	-0.02	0.22	-0.1	0.09	-0.67	-0.54	-0.33	0.32	0.37	0.31
Retained Earnings	-0.12	-0.59	-0.05	-0.07	0.45		-0.44	-0.05	0.49	-0.17	-0.19	-0.9	0.33	-0.59	-0.2	-0.56	0.2	-0.1	0.18	-0.18	-0.84	-0.04	-0.01	0.8	0.89	0.81
Cash	0.65	0.39	0.58	0.41	-0.97	-0.44		0.4	-0.35	0.88	-0.07	0.52	-0.6	0.39	0.86	0.37	0.08	-0.2	0.08	-0.08	0.72	0.5	0.29	-0.34	-0.37	-0.29
Non Current Assets Total	0.94	-0.07	0.94	1.0	-0.42	-0.05	0.4		-0.36	0.51	0.67	0.21	-0.14	-0.07	0.61	0.07	0.1	0.12	-0.64	0.65	0.29	0.82	0.89	0.37	0.03	0.13
Non Currrent Assets Other	-0.38	-0.15	-0.35	-0.4	0.34	0.49	-0.35	-0.36		-0.3	-0.07	-0.26	-0.29	-0.15	-0.31	-0.19	-0.08	-0.05	0.03	-0.03	-0.31	-0.18	-0.13	0.16	0.19	0.13
Cash And Short Term Investments	0.78	0.19	0.74	0.52	-0.87	-0.17	0.88	0.51	-0.3		-0.02	0.3	-0.53	0.19	0.99	0.23	0.22	-0.25	0.02	-0.02	0.52	0.72	0.48	-0.06	-0.12	-0.01
Net Receivables	0.5	-0.25	0.53	0.66	0.08	-0.19	-0.07	0.67	-0.07	-0.02		0.23	-0.19	-0.25	0.13	-0.17	0.13	0.51	-1.0	1.0	0.32	0.56	0.72	0.13	-0.23	-0.17
Common Stock Shares Outstanding	0.29	0.73	0.2	0.21	-0.55	-0.9	0.52	0.21	-0.26	0.3	0.23		-0.46	0.73	0.34	0.74	-0.29	-0.02	-0.22	0.23	0.85	0.22	0.2	-0.71	-0.88	-0.78
Other Stockholder Equity	-0.34	-0.17	-0.31	-0.13	0.58	0.33	-0.6	-0.14	-0.29	-0.53	-0.19	-0.46		-0.17	-0.56	-0.12	-0.21	0.12	0.21	-0.21	-0.72	-0.46	-0.31	0.42	0.5	0.43
Total Liab	0.02	1.0	-0.1	-0.06	-0.41	-0.59	0.39	-0.07	-0.15	0.19	-0.25	0.73	-0.17		0.16	0.95	-0.12	-0.11	0.25	-0.25	0.45	-0.1	-0.09	-0.55	-0.6	-0.5
Total Current Assets	0.85	0.16	0.81	0.61	-0.85	-0.2	0.86	0.61	-0.31	0.99	0.13	0.34	-0.56	0.16		0.21	0.23	-0.18	-0.12	0.12	0.56	0.8	0.59	-0.04	-0.16	-0.04
Other Current Liab	0.14	0.95	0.03	0.08	-0.39	-0.56	0.37	0.07	-0.19	0.23	-0.17	0.74	-0.12	0.95	0.21		-0.27	-0.28	0.18	-0.17	0.43	0.01	0.03	-0.43	-0.53	-0.42
Accounts Payable	0.17	-0.12	0.17	0.11	-0.02	0.2	0.08	0.1	-0.08	0.22	0.13	-0.29	-0.21	-0.12	0.23	-0.27		0.37	-0.13	0.13	-0.01	0.22	0.17	0.07	0.07	0.2
Other Assets	0.0	-0.11	0.0	0.12	0.22	-0.1	-0.2	0.12	-0.05	-0.25	0.51	-0.02	0.12	-0.11	-0.18	-0.28	0.37		-0.51	0.51	0.02	0.05	0.17	0.01	-0.12	-0.1
Inventory	-0.48	0.25	-0.51	-0.64	-0.1	0.18	0.08	-0.64	0.03	0.02	-1.0	-0.22	0.21	0.25	-0.12	0.18	-0.13	-0.51		-1.0	-0.32	-0.56	-0.72	-0.13	0.23	0.17
Other Current Assets	0.49	-0.25	0.51	0.64	0.09	-0.18	-0.08	0.65	-0.03	-0.02	1.0	0.23	-0.21	-0.25	0.12	-0.17	0.13	0.51	-1.0		0.33	0.56	0.72	0.13	-0.24	-0.17
Common Stock	0.44	0.45	0.36	0.3	-0.67	-0.84	0.72	0.29	-0.31	0.52	0.32	0.85	-0.72	0.45	0.56	0.43	-0.01	0.02	-0.32	0.33		0.39	0.3	-0.68	-0.81	-0.7
Net Tangible Assets	0.9	-0.1	0.92	0.82	-0.54	-0.04	0.5	0.82	-0.18	0.72	0.56	0.22	-0.46	-0.1	0.8	0.01	0.22	0.05	-0.56	0.56	0.39		0.94	0.3	0.0	0.1
Property Plant Equipment	0.85	-0.09	0.87	0.88	-0.33	-0.01	0.29	0.89	-0.13	0.48	0.72	0.2	-0.31	-0.09	0.59	0.03	0.17	0.17	-0.72	0.72	0.3	0.94		0.41	0.04	0.14
Net Invested Capital	0.23	-0.55	0.3	0.36	0.32	0.8	-0.34	0.37	0.16	-0.06	0.13	-0.71	0.42	-0.55	-0.04	-0.43	0.07	0.01	-0.13	0.13	-0.68	0.3	0.41		0.91	0.89
Net Working Capital	-0.05	-0.6	0.03	0.02	0.37	0.89	-0.37	0.03	0.19	-0.12	-0.23	-0.88	0.5	-0.6	-0.16	-0.53	0.07	-0.12	0.23	-0.24	-0.81	0.0	0.04	0.91		0.93
Short Long Term Debt Total	0.07	-0.5	0.12	0.12	0.31	0.81	-0.29	0.13	0.13	-0.01	-0.17	-0.78	0.43	-0.5	-0.04	-0.42	0.2	-0.1	0.17	-0.17	-0.7	0.1	0.14	0.89	0.93

Click cells to compare fundamentals

Durango Resources Account Relationship Matchups

Durango Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	958.5K	2.9M	987.6K	1.6M	1.8M	1.7M
Total Current Liabilities	286.0K	98.0K	143.5K	468.9K	539.2K	566.2K
Total Stockholder Equity	672.6K	2.8M	844.1K	1.1M	1.3M	1.6M
Property Plant And Equipment Net	445.7K	2.4M	720.0K	927.4K	1.1M	1.2M
Net Debt	(441.9K)	(289.9K)	(197.9K)	(615.6K)	(554.0K)	(581.7K)
Retained Earnings	(7.6M)	(8.0M)	(10.3M)	(10.6M)	(9.6M)	(9.1M)
Cash	476.4K	289.9K	197.9K	615.6K	707.9K	416.3K
Non Current Assets Total	465.7K	2.4M	730.0K	937.4K	1.1M	1.2M
Cash And Short Term Investments	476.4K	289.9K	197.9K	615.6K	707.9K	503.1K
Net Receivables	16.4K	238.0K	59.7K	6.6K	7.6K	7.2K
Common Stock Shares Outstanding	43.6M	72.7M	77.8M	89.5M	102.9M	108.0M
Liabilities And Stockholders Equity	958.5K	2.9M	987.6K	1.6M	1.8M	1.7M
Other Stockholder Equity	825.4K	1.2M	1.2M	1.2M	1.1M	1.7M
Total Liab	286.0K	98.0K	143.5K	468.9K	539.2K	566.2K
Total Current Assets	492.8K	527.9K	257.6K	622.2K	715.5K	544.9K
Other Current Liab	28.0K	28.0K	109.5K	441.0K	507.2K	532.5K
Accounts Payable	223.5K	70.0K	34.0K	27.9K	32.1K	30.5K
Inventory	(16.36)	(238.04)	(59.74)	(6.6)	(5.94)	(6.24)
Other Current Assets	16.36	238.04	59.74	6.6	7.59	7.21
Common Stock	7.5M	9.6M	10.0M	10.5M	12.1M	6.5M
Net Tangible Assets	640.9K	672.6K	2.8M	844.1K	970.8K	1.7M
Property Plant Equipment	412.7K	445.7K	2.4M	720.0K	828.0K	1.3M
Net Invested Capital	707.1K	2.8M	844.1K	1.1M	981.6K	1.4M
Net Working Capital	206.8K	430.0K	114.1K	153.3K	138.0K	131.1K
Capital Stock	7.5M	9.6M	10.0M	10.5M	12.1M	9.5M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Durango Stock Analysis

When running Durango Resources' price analysis, check to measure Durango 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 Durango Resources is operating at the current time. Most of Durango Resources' value examination focuses on studying past and present price action to predict the probability of Durango Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Durango Resources' price. Additionally, you may evaluate how the addition of Durango Resources to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC