Golden Cash vs Net Working Capital Analysis
| GMET Stock | 31.00 1.40 4.32% |
Golden Metal financial indicator trend analysis is much more than just examining Golden Metal Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Golden Metal Resources is a good investment. Please check the relationship between Golden Metal Cash and its Net Working Capital accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Metal 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.
Cash vs Net Working Capital
Cash vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Golden Metal Resources Cash account and Net Working Capital. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Golden Metal's Cash and Net Working Capital is 0.94. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Golden Metal Resources, assuming nothing else is changed. The correlation between historical values of Golden Metal's Cash and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Golden Metal Resources are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Cash i.e., Golden Metal's Cash and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.94 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Cash
Cash refers to the most liquid asset of Golden Metal Resources, which is listed under current asset account on Golden Metal Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Golden Metal customers. The amounts must be unrestricted with restricted cash listed in a different Golden Metal account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Net Working Capital
Most indicators from Golden Metal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Golden Metal 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Metal 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. Selling General Administrative is likely to drop to about 471.2 K in 2024. Issuance Of Capital Stock is likely to drop to about 1.7 M in 2024
| 2010 | 2023 | 2024 (projected) | Gross Profit | 30K | 27K | 24K | Total Revenue | 30K | 27K | 24K |
Golden Metal fundamental ratios Correlations
Click cells to compare fundamentals
Golden Metal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Golden Metal's price analysis, check to measure Golden Metal's 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 Golden Metal is operating at the current time. Most of Golden Metal's value examination focuses on studying past and present price action to predict the probability of Golden Metal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Golden Metal's price. Additionally, you may evaluate how the addition of Golden Metal to your portfolios can decrease your overall portfolio volatility.