Golden Net Receivables vs Net Invested Capital Analysis
| GMET Stock | 30.50 0.50 1.61% |
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 Net Receivables and its Net Invested 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.
Net Receivables vs Net Invested Capital
Net Receivables vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Golden Metal Resources Net Receivables account and Net Invested Capital. At this time, the significance of the direction appears to have totally related.
The correlation between Golden Metal's Net Receivables and Net Invested Capital is 0.99. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Net Invested 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 Net Receivables and Net Invested 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 Net Receivables of Golden Metal Resources are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Net Receivables i.e., Golden Metal's Net Receivables and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Receivables
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.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.