| LN Stock | | | CAD 0.53 0.02 3.64% |
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 Payables and its Days Sales Outstanding 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.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Loncor Resources Average Payables account and
Days Sales Outstanding. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Loncor Resources' Average Payables and Days Sales Outstanding is 0.15. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Days Sales Outstanding 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 Payables and Days Sales Outstanding 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 Payables of Loncor Resources are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Average Payables i.e., Loncor Resources' Average Payables and Days Sales Outstanding go up and down completely randomly.
Correlation Coefficient | 0.15 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.
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.
At this time, Loncor Resources'
Selling General Administrative is very stable compared to the past year. As of the 25th of February 2025,
Sales General And Administrative To Revenue is likely to grow to 595.18, while
Issuance Of Capital Stock is likely to drop about 1.7
M.
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.