Loncor Average Inventory vs Ptb Ratio Analysis

Stocks . Canada . 
Stock . Loncor Resources
LN Stock  CAD 0.46  0.01  2.22%   
Loncor Resources financial indicator trend analysis is infinitely more than just investigating Loncor Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Loncor Resources is a good investment. Please check the relationship between Loncor Resources Average Inventory and its Ptb Ratio accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Loncor 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 estimate.

Average Inventory vs Ptb Ratio

Average Inventory vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Loncor Resources Average Inventory account and Ptb Ratio. At this time, the significance of the direction appears to have very week relationship.
The correlation between Loncor Resources' Average Inventory and Ptb Ratio is 0.28. Overlapping area represents the amount of variation of Average Inventory that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Loncor Resources, assuming nothing else is changed. The correlation between historical values of Loncor Resources' Average Inventory and Ptb Ratio 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 Inventory of Loncor Resources are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Average Inventory i.e., Loncor Resources' Average Inventory and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

0.28
Relationship DirectionPositive 
Relationship StrengthVery Weak

Average Inventory

The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.
Most indicators from Loncor Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Loncor 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Loncor 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 estimate.
As of the 2nd of December 2024, Sales General And Administrative To Revenue is likely to grow to 595.18, while Selling General Administrative is likely to drop about 711.5 K.
 2021 2022 2023 2024 (projected)
Interest Expense31.6K12.6K22.0K15.8K
Depreciation And Amortization175.1K151.4K18.9M19.9M

Loncor Resources fundamental ratios Correlations

Total Assets
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 Shares Outstanding
Inventory
Other Current Assets
Other Stockholder Equity
Total Liab
Property Plant And Equipment Gross
Total Current Assets
Intangible Assets
Short Long Term Debt Total
Current Deferred Revenue
Short Term Debt
Non Current Liabilities Total
Common Stock
Total Assets
-0.4-0.061.00.92-0.630.10.430.630.92-0.050.63-0.020.04-0.24-0.250.320.360.920.35-0.65-0.180.02-0.140.56-0.14
Other Current Liab
-0.40.52-0.42-0.510.24-0.44-0.36-0.23-0.520.19-0.230.550.380.810.81-0.220.38-0.50.380.010.50.470.31-0.170.19
Total Current Liabilities
-0.060.52-0.09-0.110.3-0.430.3-0.28-0.120.24-0.280.370.40.430.43-0.180.67-0.090.08-0.180.530.560.46-0.240.33
Total Stockholder Equity
1.0-0.42-0.090.93-0.610.10.420.620.93-0.060.62-0.030.03-0.26-0.270.320.320.930.32-0.65-0.20.0-0.140.55-0.13
Property Plant And Equipment Net
0.92-0.51-0.110.93-0.32-0.010.460.331.00.020.33-0.090.08-0.41-0.420.280.091.0-0.02-0.67-0.050.010.010.280.09
Net Debt
-0.630.240.3-0.61-0.32-0.59-0.08-1.0-0.330.13-1.00.180.380.130.11-0.39-0.46-0.31-0.720.120.480.250.47-0.940.75
Retained Earnings
0.1-0.44-0.430.1-0.01-0.59-0.050.580.01-0.060.58-0.54-0.88-0.63-0.60.47-0.02-0.030.040.53-0.57-0.63-0.50.52-0.92
Accounts Payable
0.43-0.360.30.420.46-0.08-0.050.080.47-0.120.080.050.2-0.06-0.06-0.070.260.470.02-0.22-0.080.28-0.01-0.020.05
Cash
0.63-0.23-0.280.620.33-1.00.580.080.34-0.111.0-0.18-0.38-0.12-0.110.390.480.320.72-0.14-0.44-0.24-0.440.95-0.74
Non Current Assets Total
0.92-0.52-0.120.931.0-0.330.010.470.340.020.34-0.090.07-0.42-0.430.280.091.0-0.02-0.65-0.060.00.00.290.07
Non Currrent Assets Other
-0.050.190.24-0.060.020.13-0.06-0.12-0.110.02-0.11-0.240.08-0.11-0.11-0.180.290.02-0.18-0.10.460.290.060.110.1
Cash And Short Term Investments
0.63-0.23-0.280.620.33-1.00.580.081.00.34-0.11-0.18-0.38-0.12-0.110.390.480.320.72-0.14-0.44-0.24-0.440.95-0.74
Net Receivables
-0.020.550.37-0.03-0.090.18-0.540.05-0.18-0.09-0.24-0.180.690.690.69-0.470.2-0.070.35-0.130.070.680.05-0.250.37
Common Stock Shares Outstanding
0.040.380.40.030.080.38-0.880.2-0.380.070.08-0.380.690.630.61-0.710.160.10.13-0.40.410.850.26-0.340.74
Inventory
-0.240.810.43-0.26-0.410.13-0.63-0.06-0.12-0.42-0.11-0.120.690.631.0-0.380.36-0.40.59-0.150.30.570.18-0.140.3
Other Current Assets
-0.250.810.43-0.27-0.420.11-0.6-0.06-0.11-0.43-0.11-0.110.690.611.0-0.370.37-0.410.61-0.120.290.560.17-0.140.27
Other Stockholder Equity
0.32-0.22-0.180.320.28-0.390.47-0.070.390.28-0.180.39-0.47-0.71-0.38-0.370.040.260.05-0.21-0.18-0.70.030.35-0.41
Total Liab
0.360.380.670.320.09-0.46-0.020.260.480.090.290.480.20.160.360.370.040.10.64-0.310.280.440.120.54-0.21
Property Plant And Equipment Gross
0.92-0.5-0.090.931.0-0.31-0.030.470.321.00.020.32-0.070.1-0.4-0.410.260.1-0.02-0.67-0.050.030.020.270.11
Total Current Assets
0.350.380.080.32-0.02-0.720.040.020.72-0.02-0.180.720.350.130.590.610.050.64-0.02-0.2-0.160.21-0.240.66-0.41
Intangible Assets
-0.650.01-0.18-0.65-0.670.120.53-0.22-0.14-0.65-0.1-0.14-0.13-0.4-0.15-0.12-0.21-0.31-0.67-0.2-0.36-0.26-0.33-0.21-0.47
Short Long Term Debt Total
-0.180.50.53-0.2-0.050.48-0.57-0.08-0.44-0.060.46-0.440.070.410.30.29-0.180.28-0.05-0.16-0.360.430.86-0.270.54
Current Deferred Revenue
0.020.470.560.00.010.25-0.630.28-0.240.00.29-0.240.680.850.570.56-0.70.440.030.21-0.260.430.15-0.150.49
Short Term Debt
-0.140.310.46-0.140.010.47-0.5-0.01-0.440.00.06-0.440.050.260.180.170.030.120.02-0.24-0.330.860.15-0.360.52
Non Current Liabilities Total
0.56-0.17-0.240.550.28-0.940.52-0.020.950.290.110.95-0.25-0.34-0.14-0.140.350.540.270.66-0.21-0.27-0.15-0.36-0.66
Common Stock
-0.140.190.33-0.130.090.75-0.920.05-0.740.070.1-0.740.370.740.30.27-0.41-0.210.11-0.41-0.470.540.490.52-0.66
Click cells to compare fundamentals

Loncor Resources Account Relationship Matchups

High Positive Relationship

Total Stockholder Equity
+ 1.0
Total Assets
Non Current Assets Total
+ 1.0
Property Plant And Equipment Net
Property Plant And Equipment Gross
+ 1.0
Property Plant And Equipment Net
Cash And Short Term Investments
+ 1.0
Cash
Property Plant And Equipment Gross
+ 1.0
Non Current Assets Total
Other Current Assets
+ 1.0
Inventory

High Negative Relationship

Cash And Short Term Investments
- 1.0
Net Debt
Cash
- 1.0
Net Debt
Non Current Liabilities Total
- 0.94
Net Debt
Common Stock
- 0.92
Retained Earnings
Common Stock Shares Outstanding
- 0.88
Retained Earnings
Common Stock
- 0.74
Cash And Short Term Investments

Loncor Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets29.7M32.7M40.3M42.9M24.4M24.2M
Other Current Liab1.4M690.7K268.6K1.1M2.1M2.2M
Total Current Liabilities2.0M1.6M2.0M1.7M2.7M1.5M
Total Stockholder Equity27.3M30.9M38.3M41.2M21.6M22.4M
Property Plant And Equipment Net29.5M32.2M39.5M41.8M12.8M20.6M
Net Debt540.8K129.8K12.1K153.5K(306.8K)(322.1K)
Retained Earnings(61.0M)(63.2M)(66.9M)(69.9M)(91.1M)(86.6M)
Accounts Payable336.3K715.5K1.5M224.3K366.9K470.6K
Cash77.7K256.6K154.2K182.2K639.7K607.7K
Non Current Assets Total29.5M32.2M39.5M41.8M12.8M21.0M
Cash And Short Term Investments77.7K256.6K154.2K182.2K639.7K607.7K
Net Receivables63.9K172.2K423.4K698.2K667.9K701.2K
Common Stock Shares Outstanding93.9M105.2M127.4M143.7M151.5M159.0M
Liabilities And Stockholders Equity29.7M32.7M40.3M42.9M24.4M24.2M
Inventory(63.89)90.7K206.2K248.7K10.3M10.8M
Other Current Assets63.9K90.9K206.9K249.7K10.9M11.5M
Other Stockholder Equity8.2M8.4M8.9M(0.14)(0.16)(0.15)
Total Liab2.4M1.8M2.0M1.7M2.8M1.8M
Property Plant And Equipment Gross29.5M32.2M40.6M43.0M13.5M20.8M
Total Current Assets141.6K519.8K784.4K1.1M11.6M12.2M
Accumulated Other Comprehensive Income8.4M8.9M10.8M12.1M12.5M13.1M
Short Long Term Debt Total618.5K386.4K166.3K335.7K332.9K488.7K
Short Term Debt231.5K200.0K206.2K308.9K230.2K305.6K
Non Current Liabilities Total418.8K186.4K27.6K26.8K102.7K97.5K
Common Stock79.8M85.1M94.5M98.9M100.2M84.3M
Net Tangible Assets26.7M30.3M38.2M41.0M47.2M33.2M
Short Long Term Debt40.0K27.3K11.7K308.9K150.2K148.4K
Property Plant Equipment28.9M31.5M39.4M41.8M48.0M34.5M
Long Term Debt Total386.9K186.4K27.6K26.8K30.8K29.2K
Cash And Equivalents77.7K256.6K154.2K182.2K209.5K214.2K
Net Invested Capital27.3M30.9M38.4M41.5M21.7M33.8M
Net Working Capital(1.8M)(1.1M)(1.2M)(540.2K)8.9M9.3M
Capital Stock79.8M85.1M94.5M98.9M100.2M98.6M

Pair Trading with Loncor Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Loncor Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Loncor Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Loncor Stock

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Moving against Loncor Stock

  0.55INFM Infinico Metals CorpPairCorr
The ability to find closely correlated positions to Loncor Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Loncor Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Loncor Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Loncor Resources to buy it.
The correlation of Loncor Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Loncor Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Loncor Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Loncor Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Loncor Stock

Balance Sheet is a snapshot of the financial position of Loncor Resources at a specified time, usually calculated after every quarter, six months, or one year. Loncor Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Loncor Resources and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Loncor currently owns. An asset can also be divided into two categories, current and non-current.
Profit & Loss
Statement
Details
Cash Flow
Statement
Details
Financial
Indicators
Details
Valuation
Indicators
Details
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