Hillgrove Change To Inventory vs Change To Operating Activities Analysis

HGO Stock

0.05 0 1.82%

Hillgrove Resources financial indicator trend analysis is much more than just examining Hillgrove Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hillgrove Resources is a good investment. Please check the relationship between Hillgrove Resources Change To Inventory and its Change To Operating Activities accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hillgrove 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.

Change To Inventory vs Change To Operating Activities

Change To Inventory vs Change To Operating Activities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hillgrove Resources Change To Inventory account and Change To Operating Activities. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Hillgrove Resources' Change To Inventory and Change To Operating Activities is 0.52. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Change To Operating Activities in the same time period over historical financial statements of Hillgrove Resources, assuming nothing else is changed. The correlation between historical values of Hillgrove Resources' Change To Inventory and Change To Operating Activities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of Hillgrove Resources are associated (or correlated) with its Change To Operating Activities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Operating Activities has no effect on the direction of Change To Inventory i.e., Hillgrove Resources' Change To Inventory and Change To Operating Activities go up and down completely randomly.

Correlation Coefficient

0.52

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Change To Operating Activities

Most indicators from Hillgrove Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hillgrove 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 Hillgrove 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.

At this time, Hillgrove Resources' Tax Provision is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 1.8 M in 2024, whereas Selling General Administrative is likely to drop 3,554 in 2024.

Hillgrove Resources fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Other Current Assets	Current Deferred Revenue
Total Assets		0.9	-0.16	0.94	0.99	1.0	0.7	0.39	0.93	0.84	1.0	-0.38	0.82	0.92	-0.04	-0.13	0.66	0.87	0.15	0.95	0.51	0.97	0.9	0.41	0.78	-0.48
Short Long Term Debt Total	0.9		-0.2	0.82	0.89	0.91	0.87	0.53	0.82	0.79	0.9	-0.37	0.79	0.89	-0.03	-0.23	0.69	0.67	-0.01	0.88	0.54	0.84	0.89	0.19	0.74	-0.56
Other Current Liab	-0.16	-0.2		-0.09	-0.17	-0.17	-0.32	-0.35	-0.16	0.05	-0.17	0.94	0.07	-0.23	0.11	0.32	0.24	-0.2	0.22	0.04	-0.01	-0.06	-0.39	0.22	0.38	0.28
Total Current Liabilities	0.94	0.82	-0.09		0.93	0.93	0.61	0.36	0.99	0.82	0.93	-0.34	0.8	0.88	-0.04	-0.11	0.54	0.89	0.16	0.93	0.44	0.96	0.91	0.38	0.72	-0.48
Total Stockholder Equity	0.99	0.89	-0.17	0.93		0.99	0.71	0.42	0.91	0.79	1.0	-0.38	0.77	0.89	-0.04	-0.16	0.61	0.9	0.13	0.92	0.48	0.96	0.89	0.38	0.77	-0.5
Property Plant And Equipment Net	1.0	0.91	-0.17	0.93	0.99		0.72	0.42	0.92	0.82	1.0	-0.38	0.8	0.91	-0.06	-0.14	0.67	0.86	0.14	0.94	0.51	0.95	0.89	0.38	0.78	-0.49
Net Debt	0.7	0.87	-0.32	0.61	0.71	0.72		0.79	0.65	0.41	0.72	-0.4	0.4	0.65	-0.16	-0.5	0.44	0.57	-0.27	0.62	0.28	0.59	0.77	-0.22	0.57	-0.76
Retained Earnings	0.39	0.53	-0.35	0.36	0.42	0.42	0.79		0.44	0.03	0.41	-0.31	0.01	0.37	-0.43	-0.87	0.12	0.4	-0.51	0.28	-0.23	0.29	0.55	-0.67	0.39	-0.9
Accounts Payable	0.93	0.82	-0.16	0.99	0.91	0.92	0.65	0.44		0.77	0.92	-0.38	0.75	0.86	-0.12	-0.19	0.49	0.87	0.12	0.9	0.4	0.93	0.93	0.29	0.69	-0.52
Cash	0.84	0.79	0.05	0.82	0.79	0.82	0.41	0.03	0.77		0.82	-0.19	1.0	0.89	0.11	0.19	0.78	0.58	0.31	0.92	0.66	0.88	0.72	0.62	0.7	-0.16
Non Current Assets Total	1.0	0.9	-0.17	0.93	1.0	1.0	0.72	0.41	0.92	0.82		-0.38	0.8	0.91	-0.05	-0.14	0.66	0.86	0.14	0.94	0.51	0.96	0.89	0.39	0.78	-0.49
Non Currrent Assets Other	-0.38	-0.37	0.94	-0.34	-0.38	-0.38	-0.4	-0.31	-0.38	-0.19	-0.38		-0.17	-0.44	0.05	0.21	0.11	-0.43	0.14	-0.19	-0.18	-0.32	-0.57	0.0	0.22	0.33
Cash And Short Term Investments	0.82	0.79	0.07	0.8	0.77	0.8	0.4	0.01	0.75	1.0	0.8	-0.17		0.87	0.13	0.23	0.78	0.56	0.31	0.9	0.68	0.87	0.71	0.63	0.69	-0.13
Net Receivables	0.92	0.89	-0.23	0.88	0.89	0.91	0.65	0.37	0.86	0.89	0.91	-0.44	0.87		-0.14	-0.18	0.72	0.72	0.15	0.93	0.44	0.91	0.86	0.34	0.72	-0.51
Common Stock Total Equity	-0.04	-0.03	0.11	-0.04	-0.04	-0.06	-0.16	-0.43	-0.12	0.11	-0.05	0.05	0.13	-0.14		0.55	0.02	-0.03	-0.23	-0.04	0.41	0.01	-0.04	0.43	-0.17	0.44
Common Stock Shares Outstanding	-0.13	-0.23	0.32	-0.11	-0.16	-0.14	-0.5	-0.87	-0.19	0.19	-0.14	0.21	0.23	-0.18	0.55		0.09	-0.21	0.47	-0.03	0.6	-0.05	-0.26	0.77	-0.24	0.85
Non Current Liabilities Total	0.66	0.69	0.24	0.54	0.61	0.67	0.44	0.12	0.49	0.78	0.66	0.11	0.78	0.72	0.02	0.09		0.27	0.08	0.79	0.52	0.62	0.44	0.38	0.77	-0.15
Inventory	0.87	0.67	-0.2	0.89	0.9	0.86	0.57	0.4	0.87	0.58	0.86	-0.43	0.56	0.72	-0.03	-0.21	0.27		0.1	0.74	0.25	0.89	0.83	0.31	0.6	-0.55
Other Stockholder Equity	0.15	-0.01	0.22	0.16	0.13	0.14	-0.27	-0.51	0.12	0.31	0.14	0.14	0.31	0.15	-0.23	0.47	0.08	0.1		0.22	0.24	0.21	-0.01	0.61	0.14	0.38
Total Liab	0.95	0.88	0.04	0.93	0.92	0.94	0.62	0.28	0.9	0.92	0.94	-0.19	0.9	0.93	-0.04	-0.03	0.79	0.74	0.22		0.54	0.94	0.82	0.46	0.84	-0.39
Property Plant And Equipment Gross	0.51	0.54	-0.01	0.44	0.48	0.51	0.28	-0.23	0.4	0.66	0.51	-0.18	0.68	0.44	0.41	0.6	0.52	0.25	0.24	0.54		0.49	0.43	0.64	0.25	0.25
Total Current Assets	0.97	0.84	-0.06	0.96	0.96	0.95	0.59	0.29	0.93	0.88	0.96	-0.32	0.87	0.91	0.01	-0.05	0.62	0.89	0.21	0.94	0.49		0.87	0.49	0.77	-0.44
Short Term Debt	0.9	0.89	-0.39	0.91	0.89	0.89	0.77	0.55	0.93	0.72	0.89	-0.57	0.71	0.86	-0.04	-0.26	0.44	0.83	-0.01	0.82	0.43	0.87		0.17	0.57	-0.57
Common Stock	0.41	0.19	0.22	0.38	0.38	0.38	-0.22	-0.67	0.29	0.62	0.39	0.0	0.63	0.34	0.43	0.77	0.38	0.31	0.61	0.46	0.64	0.49	0.17		0.22	0.51
Other Current Assets	0.78	0.74	0.38	0.72	0.77	0.78	0.57	0.39	0.69	0.7	0.78	0.22	0.69	0.72	-0.17	-0.24	0.77	0.6	0.14	0.84	0.25	0.77	0.57	0.22		-0.49
Current Deferred Revenue	-0.48	-0.56	0.28	-0.48	-0.5	-0.49	-0.76	-0.9	-0.52	-0.16	-0.49	0.33	-0.13	-0.51	0.44	0.85	-0.15	-0.55	0.38	-0.39	0.25	-0.44	-0.57	0.51	-0.49

Click cells to compare fundamentals

Hillgrove Resources Account Relationship Matchups

Hillgrove Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	51.3M	35.9M	51.3M	52.9M	101.1M	89.1M
Short Long Term Debt Total	9.5M	981K	253K	7.2M	11.8M	18.7M
Other Current Liab	13.5M	2.7M	3.5M	2.0M	11.8M	12.4M
Total Current Liabilities	16.8M	2.9M	4.0M	2.1M	23.7M	16.4M
Total Stockholder Equity	26.3M	23.2M	37.9M	32.6M	54.9M	58.1M
Property Plant And Equipment Net	24.2M	24.4M	33.3M	40.0M	86.2M	59.0M
Net Debt	(9.1M)	(5.6M)	(10.7M)	1.9M	1.6M	1.7M
Retained Earnings	(235.1M)	(241.1M)	(246.9M)	(252.9M)	(269.2M)	(255.8M)
Accounts Payable	2.6M	218K	567K	130K	7.6M	4.6M
Cash	9.3M	5.6M	10.7M	5.3M	10.2M	14.4M
Non Current Assets Total	28.7M	29.4M	39.5M	46.3M	86.2M	65.0M
Non Currrent Assets Other	4.5M	5.0M	6.3M	6.2M	5.3M	5.6M
Cash And Short Term Investments	9.3M	5.6M	10.7M	5.3M	10.2M	17.7M
Net Receivables	1.8M	447K	523K	424K	1.1M	1.1M
Common Stock Total Equity	234.3M	234.3M	234.3M	236.6M	272.0M	285.6M
Common Stock Shares Outstanding	594.8M	586.2M	961.0M	1.2B	1.7B	1.8B
Liabilities And Stockholders Equity	51.3M	35.9M	51.3M	52.9M	101.1M	98.6M
Non Current Liabilities Total	8.1M	9.7M	9.3M	16.2M	22.5M	16.1M
Inventory	10.2M	50K	100K	410K	3.1M	5.0M
Other Stockholder Equity	5.0M	5.7M	6.7M	7.3M	6.6M	6.9M
Total Liab	25.0M	12.7M	13.4M	18.3M	46.2M	28.9M
Property Plant And Equipment Gross	26.8M	27.6M	258.1M	265.2M	309.1M	324.6M
Total Current Assets	22.6M	6.5M	11.8M	6.6M	14.8M	24.1M
Accumulated Other Comprehensive Income	27.1M	27.8M	28.8M	29.4M	31.2M	32.7M
Short Term Debt	836K	253K	503K	0.0	4.3M	8.6M
Common Stock	234.3M	236.6M	256.1M	256.1M	292.9M	307.6M
Other Current Assets	1.2M	385K	400K	481K	377K	358.2K
Current Deferred Revenue	1.2M	1.4M	479K	8.8M	10.1M	10.6M
Other Liab	8.1M	9.7M	9.3M	18.2M	20.9M	11.8M
Property Plant Equipment	26.8M	27.6M	37.7M	44.8M	51.5M	91.4M
Net Tangible Assets	26.3M	23.2M	37.9M	32.6M	29.3M	27.8M
Long Term Debt Total	1.4M	145K	0.0	7.2M	6.5M	3.4M
Capital Lease Obligations	672K	478K	253K	11.8M	13.6M	14.3M
Net Invested Capital	26.3M	23.2M	37.9M	32.6M	54.9M	38.1M
Net Working Capital	5.8M	3.6M	7.7M	4.5M	(8.8M)	(9.3M)

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Hillgrove Stock Analysis

When running Hillgrove Resources' price analysis, check to measure Hillgrove Resources' 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 Hillgrove Resources is operating at the current time. Most of Hillgrove Resources' value examination focuses on studying past and present price action to predict the probability of Hillgrove Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hillgrove Resources' price. Additionally, you may evaluate how the addition of Hillgrove Resources to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC