Gold Net Working Capital vs Net Invested Capital Analysis
| GROY Stock | USD 1.28 0.03 2.29% |
Gold Royalty financial indicator trend analysis is much more than just examining Gold Royalty Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gold Royalty Corp is a good investment. Please check the relationship between Gold Royalty Net Working Capital 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 Gold Royalty 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 persons.
Net Working Capital vs Net Invested Capital
Net Working Capital vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gold Royalty Corp Net Working Capital account and Net Invested Capital. At this time, the significance of the direction appears to have strong relationship.
The correlation between Gold Royalty's Net Working Capital and Net Invested Capital is 0.74. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Gold Royalty Corp, assuming nothing else is changed. The correlation between historical values of Gold Royalty's Net Working Capital 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 Working Capital of Gold Royalty Corp 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 Working Capital i.e., Gold Royalty's Net Working Capital and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.74 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Net Working Capital
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 Gold Royalty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gold Royalty 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gold Royalty 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 persons. At this time, Gold Royalty's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 1.5 M in 2024, despite the fact that Tax Provision is likely to grow to (5.8 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 12.6M | 19.6M | 10.3M | 11.7M | Cost Of Revenue | 168.7K | 1.8M | 1.5M | 939.6K |
Gold Royalty fundamental ratios Correlations
Click cells to compare fundamentals
Gold Royalty Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Gold Royalty's price analysis, check to measure Gold Royalty'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 Gold Royalty is operating at the current time. Most of Gold Royalty's value examination focuses on studying past and present price action to predict the probability of Gold Royalty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold Royalty's price. Additionally, you may evaluate how the addition of Gold Royalty to your portfolios can decrease your overall portfolio volatility.