Elemental Free Cash Flow Yield vs Days Sales Outstanding Analysis

ELE Stock

1.15 0.01 0.88%

Elemental Royalties financial indicator trend analysis is much more than just examining Elemental Royalties Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elemental Royalties Corp is a good investment. Please check the relationship between Elemental Royalties Free Cash Flow Yield and its Days Sales Outstanding accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elemental Royalties 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.

Free Cash Flow Yield vs Days Sales Outstanding

Free Cash Flow Yield vs Days Sales Outstanding Correlation Analysis

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

The correlation between Elemental Royalties' Free Cash Flow Yield and Days Sales Outstanding is -0.13. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of Elemental Royalties Corp, assuming nothing else is changed. The correlation between historical values of Elemental Royalties' Free Cash Flow Yield and Days Sales Outstanding 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 Elemental Royalties Corp are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Free Cash Flow Yield i.e., Elemental Royalties' Free Cash Flow Yield and Days Sales Outstanding go up and down completely randomly.

Correlation Coefficient

-0.13

Relationship Direction	Negative
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.

Days Sales Outstanding

Most indicators from Elemental Royalties' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elemental Royalties 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elemental Royalties 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.

At this time, Elemental Royalties' Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 52.18 in 2024, whereas Selling General Administrative is likely to drop slightly above 4.9 M in 2024.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	2.9M	5.4M	6.3M	6.6M
Interest Income	15K	23K	106K	111.3K

Depreciation And Amortization Interest Income

Elemental Royalties fundamental ratios Correlations

	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Net Receivables	Other Stockholder Equity	Total Current Assets	Common Stock	Other Current Liab	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Inventory	Other Current Assets	Total Liab	Deferred Long Term Liab	Net Invested Capital	Property Plant And Equipment Gross	Capital Stock
Total Current Liabilities		0.71	-0.73	0.69	0.62	0.67	0.94	0.71	0.89	0.8	0.79	0.77	0.53	0.85	0.76	-0.8	-0.66	0.69	0.53	0.68	0.72	0.81	-0.66	0.79	0.77	0.79
Net Tangible Assets	0.71		-1.0	0.33	0.98	0.98	0.8	1.0	0.43	0.94	0.94	0.92	0.83	0.85	0.94	-0.98	-0.79	0.97	0.97	0.98	0.87	0.9	-0.79	0.94	0.93	0.94
Retained Earnings	-0.73	-1.0		-0.33	-0.97	-0.98	-0.82	-1.0	-0.46	-0.96	-0.96	-0.94	-0.83	-0.86	-0.95	0.98	0.79	-0.96	-0.96	-0.98	-0.89	-0.91	0.79	-0.96	-0.95	-0.96
Accounts Payable	0.69	0.33	-0.33		0.3	0.2	0.74	0.33	0.81	0.45	0.44	0.43	0.02	0.76	0.38	-0.41	-0.67	0.47	0.15	0.24	0.45	0.44	-0.67	0.44	0.41	0.44
Net Receivables	0.62	0.98	-0.97	0.3		0.94	0.73	0.98	0.34	0.91	0.9	0.93	0.88	0.82	0.92	-0.96	-0.85	0.95	0.97	0.92	0.91	0.9	-0.85	0.91	0.93	0.9
Other Stockholder Equity	0.67	0.98	-0.98	0.2	0.94		0.76	0.98	0.38	0.91	0.92	0.89	0.84	0.78	0.91	-0.96	-0.68	0.92	0.96	0.99	0.82	0.87	-0.68	0.91	0.9	0.92
Total Current Assets	0.94	0.8	-0.82	0.74	0.73	0.76		0.8	0.85	0.9	0.9	0.86	0.56	0.95	0.86	-0.87	-0.8	0.82	0.64	0.77	0.82	0.87	-0.8	0.89	0.86	0.89
Common Stock	0.71	1.0	-1.0	0.33	0.98	0.98	0.8		0.43	0.94	0.94	0.93	0.83	0.85	0.94	-0.98	-0.79	0.97	0.97	0.98	0.87	0.9	-0.79	0.94	0.93	0.94
Other Current Liab	0.89	0.43	-0.46	0.81	0.34	0.38	0.85	0.43		0.59	0.58	0.56	0.27	0.71	0.53	-0.56	-0.51	0.44	0.2	0.4	0.53	0.63	-0.51	0.58	0.55	0.57
Total Assets	0.8	0.94	-0.96	0.45	0.91	0.91	0.9	0.94	0.59		1.0	0.99	0.81	0.89	1.0	-0.97	-0.83	0.91	0.86	0.9	0.95	0.97	-0.83	1.0	0.99	1.0
Total Stockholder Equity	0.79	0.94	-0.96	0.44	0.9	0.92	0.9	0.94	0.58	1.0		0.98	0.78	0.89	0.99	-0.97	-0.82	0.91	0.86	0.91	0.94	0.95	-0.82	1.0	0.99	1.0
Property Plant And Equipment Net	0.77	0.92	-0.94	0.43	0.93	0.89	0.86	0.93	0.56	0.99	0.98		0.86	0.87	0.99	-0.97	-0.86	0.89	0.86	0.86	0.98	0.99	-0.86	0.99	1.0	0.98
Net Debt	0.53	0.83	-0.83	0.02	0.88	0.84	0.56	0.83	0.27	0.81	0.78	0.86		0.57	0.83	-0.87	-0.63	0.71	0.85	0.78	0.85	0.88	-0.63	0.81	0.85	0.78
Cash	0.85	0.85	-0.86	0.76	0.82	0.78	0.95	0.85	0.71	0.89	0.89	0.87	0.57		0.86	-0.88	-0.92	0.92	0.74	0.79	0.85	0.85	-0.92	0.89	0.86	0.89
Non Current Assets Total	0.76	0.94	-0.95	0.38	0.92	0.91	0.86	0.94	0.53	1.0	0.99	0.99	0.83	0.86		-0.97	-0.82	0.89	0.88	0.9	0.96	0.97	-0.82	1.0	1.0	0.99
Non Currrent Assets Other	-0.8	-0.98	0.98	-0.41	-0.96	-0.96	-0.87	-0.98	-0.56	-0.97	-0.97	-0.97	-0.87	-0.88	-0.97		0.82	-0.94	-0.91	-0.94	-0.93	-0.97	0.82	-0.97	-0.97	-0.97
Other Assets	-0.66	-0.79	0.79	-0.67	-0.85	-0.68	-0.8	-0.79	-0.51	-0.83	-0.82	-0.86	-0.63	-0.92	-0.82	0.82		-0.87	-0.73	-0.67	-0.91	-0.84	1.0	-0.84	-0.85	-0.82
Cash And Short Term Investments	0.69	0.97	-0.96	0.47	0.95	0.92	0.82	0.97	0.44	0.91	0.91	0.89	0.71	0.92	0.89	-0.94	-0.87		0.93	0.93	0.86	0.85	-0.87	0.91	0.89	0.91
Common Stock Shares Outstanding	0.53	0.97	-0.96	0.15	0.97	0.96	0.64	0.97	0.2	0.86	0.86	0.86	0.85	0.74	0.88	-0.91	-0.73	0.93		0.95	0.82	0.82	-0.73	0.87	0.87	0.87
Inventory	0.68	0.98	-0.98	0.24	0.92	0.99	0.77	0.98	0.4	0.9	0.91	0.86	0.78	0.79	0.9	-0.94	-0.67	0.93	0.95		0.78	0.83	-0.67	0.9	0.88	0.91
Other Current Assets	0.72	0.87	-0.89	0.45	0.91	0.82	0.82	0.87	0.53	0.95	0.94	0.98	0.85	0.85	0.96	-0.93	-0.91	0.86	0.82	0.78		0.97	-0.91	0.95	0.98	0.94
Total Liab	0.81	0.9	-0.91	0.44	0.9	0.87	0.87	0.9	0.63	0.97	0.95	0.99	0.88	0.85	0.97	-0.97	-0.84	0.85	0.82	0.83	0.97		-0.84	0.97	0.98	0.95
Deferred Long Term Liab	-0.66	-0.79	0.79	-0.67	-0.85	-0.68	-0.8	-0.79	-0.51	-0.83	-0.82	-0.86	-0.63	-0.92	-0.82	0.82	1.0	-0.87	-0.73	-0.67	-0.91	-0.84		-0.84	-0.85	-0.82
Net Invested Capital	0.79	0.94	-0.96	0.44	0.91	0.91	0.89	0.94	0.58	1.0	1.0	0.99	0.81	0.89	1.0	-0.97	-0.84	0.91	0.87	0.9	0.95	0.97	-0.84		0.99	1.0
Property Plant And Equipment Gross	0.77	0.93	-0.95	0.41	0.93	0.9	0.86	0.93	0.55	0.99	0.99	1.0	0.85	0.86	1.0	-0.97	-0.85	0.89	0.87	0.88	0.98	0.98	-0.85	0.99		0.99
Capital Stock	0.79	0.94	-0.96	0.44	0.9	0.92	0.89	0.94	0.57	1.0	1.0	0.98	0.78	0.89	0.99	-0.97	-0.82	0.91	0.87	0.91	0.94	0.95	-0.82	1.0	0.99

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Elemental Royalties Account Relationship Matchups

Elemental Royalties fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Current Liabilities	293.4K	1.1M	1.6M	7.4M	2.0M	2.3M
Net Tangible Assets	6.4M	26.9M	50.5M	146.4M	168.4M	176.8M
Retained Earnings	(370.1K)	(3.0M)	(7.7M)	(25.9M)	(29.2M)	(27.7M)
Accounts Payable	293.4K	1.1M	378K	1.2M	75K	71.3K
Net Receivables	445.2K	1.1M	2.1M	2.5M	3.4M	3.6M
Other Stockholder Equity	7.2K	40K	1.7M	7.0M	8.0M	8.4M
Total Current Assets	1.3M	12.1M	8.5M	40.2M	18.8M	12.9M
Common Stock	6.4M	28.8M	56.4M	165.0M	189.8M	199.3M

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