EPL Stock | | | CAD 0.10 0.01 11.11% |
Eagle Plains financial indicator trend analysis is much more than just examining Eagle Plains Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eagle Plains Resources is a good investment. Please check the relationship between Eagle Plains Average Payables and its Days Sales Outstanding accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eagle Plains 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.
Average Payables vs Days Sales Outstanding
Average Payables vs Days Sales Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Eagle Plains Resources Average Payables account and
Days Sales Outstanding. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Eagle Plains' Average Payables and Days Sales Outstanding is -0.58. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of Eagle Plains Resources, assuming nothing else is changed. The correlation between historical values of Eagle Plains' Average Payables 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 Average Payables of Eagle Plains Resources 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 Average Payables i.e., Eagle Plains' Average Payables and Days Sales Outstanding go up and down completely randomly.
Correlation Coefficient | -0.58 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
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.
Days Sales Outstanding
Most indicators from Eagle Plains' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eagle Plains 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 Eagle Plains 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.
Enterprise Value is likely to climb to about 8.4
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.2
M in 2024.
Eagle Plains fundamental ratios Correlations
Click cells to compare fundamentals
Eagle Plains Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eagle Plains fundamental ratios Accounts
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Additional Tools for Eagle Stock Analysis
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