Lundin Capex To Revenue vs Average Inventory Analysis

LUG Stock

CAD 32.24 0.46 1.45%

Lundin Gold financial indicator trend analysis is infinitely more than just investigating Lundin Gold recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lundin Gold is a good investment. Please check the relationship between Lundin Gold Capex To Revenue and its Average Inventory accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lundin Gold. 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.

Capex To Revenue vs Average Inventory

Capex To Revenue vs Average Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lundin Gold Capex To Revenue account and Average Inventory. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Lundin Gold's Capex To Revenue and Average Inventory is 0.46. Overlapping area represents the amount of variation of Capex To Revenue that can explain the historical movement of Average Inventory in the same time period over historical financial statements of Lundin Gold, assuming nothing else is changed. The correlation between historical values of Lundin Gold's Capex To Revenue and Average Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Revenue of Lundin Gold are associated (or correlated) with its Average Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Inventory has no effect on the direction of Capex To Revenue i.e., Lundin Gold's Capex To Revenue and Average Inventory go up and down completely randomly.

Correlation Coefficient

0.46

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Capex To Revenue

The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.

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.

Most indicators from Lundin Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lundin Gold 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 Lundin Gold. 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, Lundin Gold's Selling General Administrative is very stable compared to the past year. As of the 27th of November 2024, Enterprise Value Over EBITDA is likely to grow to 6.90, while Tax Provision is likely to drop about 63.7 M.

Lundin Gold 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	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Long Term Debt Total	Current Deferred Revenue	Short Term Debt	Inventory	Non Currrent Assets Other	Short Term Investments
Total Assets		0.45	0.88	0.93	0.97	0.65	-0.5	0.79	0.84	0.96	0.53	0.84	0.94	0.96	0.82	0.8	-0.06	0.94	0.98	0.89	0.84	0.24	0.66	0.89	0.86	0.39
Other Current Liab	0.45		0.56	0.32	0.45	0.48	-0.56	0.48	0.37	0.45	0.21	0.37	0.41	0.47	0.46	0.17	-0.13	0.52	0.39	0.33	0.48	0.22	0.7	0.33	0.49	0.15
Total Current Liabilities	0.88	0.56		0.81	0.8	0.51	-0.29	0.54	0.87	0.8	0.31	0.87	0.94	0.79	0.63	0.68	-0.02	0.84	0.85	0.92	0.73	0.16	0.83	0.88	0.64	0.26
Total Stockholder Equity	0.93	0.32	0.81		0.83	0.34	-0.25	0.69	0.92	0.83	0.31	0.92	0.91	0.92	0.58	0.9	-0.08	0.76	0.92	0.94	0.62	0.24	0.55	0.94	0.69	0.46
Property Plant And Equipment Net	0.97	0.45	0.8	0.83		0.77	-0.63	0.81	0.72	1.0	0.65	0.72	0.86	0.93	0.9	0.7	0.0	0.97	0.97	0.79	0.92	0.34	0.6	0.78	0.93	0.45
Net Debt	0.65	0.48	0.51	0.34	0.77		-0.89	0.66	0.19	0.78	0.83	0.19	0.49	0.61	0.95	0.19	-0.05	0.85	0.61	0.29	0.88	0.18	0.48	0.32	0.84	0.1
Retained Earnings	-0.5	-0.56	-0.29	-0.25	-0.63	-0.89		-0.65	-0.01	-0.65	-0.82	-0.01	-0.31	-0.55	-0.81	-0.12	0.07	-0.67	-0.45	-0.1	-0.75	-0.39	-0.38	-0.19	-0.81	-0.29
Accounts Payable	0.79	0.48	0.54	0.69	0.81	0.66	-0.65		0.51	0.81	0.5	0.51	0.67	0.85	0.79	0.56	-0.09	0.79	0.78	0.56	0.68	0.26	0.58	0.64	0.75	0.38
Cash	0.84	0.37	0.87	0.92	0.72	0.19	-0.01	0.51		0.71	0.13	1.0	0.89	0.78	0.43	0.82	-0.01	0.67	0.83	0.97	0.5	0.18	0.63	0.89	0.53	0.37
Non Current Assets Total	0.96	0.45	0.8	0.83	1.0	0.78	-0.65	0.81	0.71		0.68	0.71	0.86	0.93	0.91	0.7	0.0	0.98	0.97	0.78	0.92	0.33	0.6	0.78	0.94	0.44
Other Assets	0.53	0.21	0.31	0.31	0.65	0.83	-0.82	0.5	0.13	0.68		0.13	0.39	0.52	0.82	0.19	-0.03	0.68	0.48	0.2	0.73	0.34	0.26	0.23	0.83	0.24
Cash And Short Term Investments	0.84	0.37	0.87	0.92	0.72	0.19	-0.01	0.51	1.0	0.71	0.13		0.89	0.78	0.43	0.82	-0.01	0.67	0.83	0.97	0.5	0.18	0.63	0.89	0.53	0.37
Net Receivables	0.94	0.41	0.94	0.91	0.86	0.49	-0.31	0.67	0.89	0.86	0.39	0.89		0.88	0.66	0.86	-0.02	0.85	0.92	0.96	0.7	0.17	0.79	0.95	0.72	0.34
Common Stock Shares Outstanding	0.96	0.47	0.79	0.92	0.93	0.61	-0.55	0.85	0.78	0.93	0.52	0.78	0.88		0.78	0.8	-0.08	0.89	0.95	0.83	0.78	0.29	0.61	0.89	0.85	0.45
Non Current Liabilities Total	0.82	0.46	0.63	0.58	0.9	0.95	-0.81	0.79	0.43	0.91	0.82	0.43	0.66	0.78		0.42	-0.06	0.94	0.79	0.51	0.9	0.25	0.52	0.52	0.92	0.22
Other Current Assets	0.8	0.17	0.68	0.9	0.7	0.19	-0.12	0.56	0.82	0.7	0.19	0.82	0.86	0.8	0.42		0.0	0.61	0.81	0.88	0.43	0.12	0.48	0.89	0.59	0.39
Other Stockholder Equity	-0.06	-0.13	-0.02	-0.08	0.0	-0.05	0.07	-0.09	-0.01	0.0	-0.03	-0.01	-0.02	-0.08	-0.06	0.0		-0.04	0.01	0.0	0.02	0.14	-0.05	-0.04	-0.01	0.18
Total Liab	0.94	0.52	0.84	0.76	0.97	0.85	-0.67	0.79	0.67	0.98	0.68	0.67	0.85	0.89	0.94	0.61	-0.04		0.92	0.75	0.93	0.21	0.68	0.74	0.91	0.28
Property Plant And Equipment Gross	0.98	0.39	0.85	0.92	0.97	0.61	-0.45	0.78	0.83	0.97	0.48	0.83	0.92	0.95	0.79	0.81	0.01	0.92		0.9	0.83	0.29	0.61	0.89	0.83	0.47
Total Current Assets	0.89	0.33	0.92	0.94	0.79	0.29	-0.1	0.56	0.97	0.78	0.2	0.97	0.96	0.83	0.51	0.88	0.0	0.75	0.9		0.59	0.16	0.67	0.95	0.59	0.36
Short Long Term Debt Total	0.84	0.48	0.73	0.62	0.92	0.88	-0.75	0.68	0.5	0.92	0.73	0.5	0.7	0.78	0.9	0.43	0.02	0.93	0.83	0.59		0.32	0.57	0.59	0.89	0.39
Current Deferred Revenue	0.24	0.22	0.16	0.24	0.34	0.18	-0.39	0.26	0.18	0.33	0.34	0.18	0.17	0.29	0.25	0.12	0.14	0.21	0.29	0.16	0.32		0.15	0.19	0.38	0.89
Short Term Debt	0.66	0.7	0.83	0.55	0.6	0.48	-0.38	0.58	0.63	0.6	0.26	0.63	0.79	0.61	0.52	0.48	-0.05	0.68	0.61	0.67	0.57	0.15		0.68	0.52	0.19
Inventory	0.89	0.33	0.88	0.94	0.78	0.32	-0.19	0.64	0.89	0.78	0.23	0.89	0.95	0.89	0.52	0.89	-0.04	0.74	0.89	0.95	0.59	0.19	0.68		0.6	0.4
Non Currrent Assets Other	0.86	0.49	0.64	0.69	0.93	0.84	-0.81	0.75	0.53	0.94	0.83	0.53	0.72	0.85	0.92	0.59	-0.01	0.91	0.83	0.59	0.89	0.38	0.52	0.6		0.43
Short Term Investments	0.39	0.15	0.26	0.46	0.45	0.1	-0.29	0.38	0.37	0.44	0.24	0.37	0.34	0.45	0.22	0.39	0.18	0.28	0.47	0.36	0.39	0.89	0.19	0.4	0.43

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Lundin Gold Account Relationship Matchups

Lundin Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.4B	1.5B	1.7B	1.7B	1.5B	1.5B
Other Current Liab	33.5M	39.6M	3.5M	85.0M	4.1M	3.9M
Total Current Liabilities	116.4M	232.4M	311.0M	440.5M	187.0M	196.4M
Total Stockholder Equity	466.8M	586.9M	814.5M	852.1M	955.8M	1.0B
Property Plant And Equipment Net	1.2B	1.1B	1.0B	964.8M	878.9M	922.9M
Net Debt	802.9M	749.7M	450.3M	276.1M	8.2M	7.8M
Retained Earnings	(355.0M)	(402.1M)	(180.7M)	(154.2M)	(69.6M)	(73.1M)
Accounts Payable	25.3M	14.2M	13.6M	14.3M	16.8M	17.6M
Cash	75.7M	79.6M	262.6M	363.4M	268.0M	281.4M
Non Current Assets Total	1.3B	1.2B	1.2B	1.0B	934.3M	981.0M
Other Assets	94.1M	113.1M	114.7M	16.5M	19.0M	18.0M
Cash And Short Term Investments	75.7M	79.6M	262.6M	363.4M	268.0M	281.4M
Common Stock Shares Outstanding	221.2M	227.5M	234.6M	236.7M	239.2M	251.1M
Liabilities And Stockholders Equity	1.4B	1.5B	1.7B	1.7B	1.5B	1.5B
Non Current Liabilities Total	825.8M	686.1M	559.6M	376.3M	325.4M	168.6M
Other Current Assets	160K	39.8M	32.4M	33.8M	60.0M	63.0M
Other Stockholder Equity	14.1M	14.7M	13.6M	13.9M	14.5M	23.0M
Total Liab	942.1M	918.5M	870.6M	816.8M	512.4M	538.0M
Property Plant And Equipment Gross	1.2B	1.1B	1.2B	1.2B	1.2B	1.3B
Total Current Assets	149.2M	289.0M	528.2M	635.3M	533.9M	560.6M
Accumulated Other Comprehensive Income	(92.2M)	22.5M	6.9M	2.6M	2.0M	2.1M
Short Long Term Debt Total	878.6M	829.3M	712.9M	639.5M	276.2M	538.8M
Short Term Debt	57.6M	178.6M	184.7M	341.3M	59.6M	104.0M
Non Currrent Assets Other	94.1M	113.1M	83.5M	68.7M	55.4M	63.5M
Common Stock Total Equity	460.9M	857.3M	899.9M	951.7M	1.1B	561.0M
Common Stock	899.9M	951.7M	974.7M	989.8M	1.0B	693.3M
Net Tangible Assets	466.8M	586.9M	814.5M	852.1M	979.9M	1.0B
Other Liab	4.8M	7.6M	7.8M	53.7M	61.7M	64.8M
Property Plant Equipment	1.2B	1.1B	1.0B	964.8M	1.1B	748.4M
Long Term Debt Total	821.0M	650.7M	524.7M	298.3M	343.0M	452.1M
Cash And Equivalents	167.5M	75.7M	79.6M	262.6M	302.0M	317.1M
Long Term Debt	821.0M	678.5M	528.3M	298.3M	216.6M	357.1M
Net Invested Capital	1.3B	1.4B	1.4B	1.2B	1.2B	1.3B
Net Working Capital	32.8M	56.6M	217.2M	194.8M	346.9M	364.2M
Capital Stock	899.9M	951.7M	974.7M	989.8M	1.0B	1.0B

Pair Trading with Lundin Gold

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 Lundin Gold 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 Lundin Gold will appreciate offsetting losses from the drop in the long position's value.

Moving together with Lundin Stock

0.92	AG	First Majestic Silver	Pair Corr
0.87	IE	Ivanhoe Energy	Pair Corr
0.86	FDY	Faraday Copper Corp	Pair Corr

Moving against Lundin Stock

0.43

INFM

Infinico Metals Corp

Pair Corr

The ability to find closely correlated positions to Lundin Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lundin Gold 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 Lundin Gold - 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 Lundin Gold to buy it.

The correlation of Lundin Gold 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 Lundin Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lundin Gold 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 Lundin Gold 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 Correlation Correlation Matching

Other Information on Investing in Lundin Stock

Balance Sheet is a snapshot of the financial position of Lundin Gold at a specified time, usually calculated after every quarter, six months, or one year. Lundin Gold Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Lundin Gold 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 Lundin currently owns. An asset can also be divided into two categories, current and non-current.

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Lundin Capex To Revenue vs Average Inventory Analysis

Capex To Revenue vs Average Inventory

Capex To Revenue vs Average Inventory Correlation Analysis

Correlation Coefficient

Capex To Revenue

Average Inventory

Lundin Gold fundamental ratios Correlations

Lundin Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Lundin Gold fundamental ratios Accounts

Pair Trading with Lundin Gold

Moving together with Lundin Stock

Moving against Lundin Stock

Other Information on Investing in Lundin Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Gross	+ 0.98	Total Assets
Total Liab	+ 0.98	Non Current Assets Total
Property Plant And Equipment Net	+ 0.97	Total Assets
Total Liab	+ 0.97	Property Plant And Equipment Net

Retained Earnings	- 0.89	Net Debt
Other Assets	- 0.82	Retained Earnings
Non Currrent Assets Other	- 0.81	Retained Earnings
Non Current Liabilities Total	- 0.81	Retained Earnings
Short Long Term Debt Total	- 0.75	Retained Earnings
Total Liab	- 0.67	Retained Earnings