Melcor Free Cash Flow Yield vs Inventory Turnover Analysis
| MRD Stock | CAD 13.13 0.08 0.61% |
Melcor Developments financial indicator trend analysis is infinitely more than just investigating Melcor Developments recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Melcor Developments is a good investment. Please check the relationship between Melcor Developments Free Cash Flow Yield and its Inventory Turnover accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Melcor Developments. 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.
Free Cash Flow Yield vs Inventory Turnover
Free Cash Flow Yield vs Inventory Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Melcor Developments Free Cash Flow Yield account and Inventory Turnover. At this time, the significance of the direction appears to have very week relationship.
The correlation between Melcor Developments' Free Cash Flow Yield and Inventory Turnover is 0.25. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of Melcor Developments, assuming nothing else is changed. The correlation between historical values of Melcor Developments' Free Cash Flow Yield and Inventory Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Melcor Developments are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Free Cash Flow Yield i.e., Melcor Developments' Free Cash Flow Yield and Inventory Turnover go up and down completely randomly.
Correlation Coefficient | 0.25 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.Most indicators from Melcor Developments' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Melcor Developments 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 Melcor Developments. 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, Melcor Developments' Tax Provision is very stable compared to the past year. As of the 22nd of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.09, while Selling General Administrative is likely to drop about 15.2 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 22.9M | 24.4M | 39.5M | 41.5M | Depreciation And Amortization | 203.2M | 152.7M | 202.1M | 212.2M |
Melcor Developments fundamental ratios Correlations
Click cells to compare fundamentals
Melcor Developments Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Melcor Developments fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 2.1B | 2.0B | 2.1B | 2.2B | 2.1B | 1.1B | |
| Short Long Term Debt Total | 821.8M | 721.8M | 716.9M | 740.4M | 670.2M | 377.4M | |
| Total Current Liabilities | 42.8M | 35.9M | 54.6M | 51.7M | 47.7M | 49.9M | |
| Total Stockholder Equity | 1.1B | 1.1B | 1.1B | 1.2B | 1.2B | 1.3B | |
| Property Plant And Equipment Net | 13.5M | 13.1M | 12.9M | 12.2M | 11.7M | 11.1M | |
| Net Debt | 714.4M | 692.6M | 657.0M | 659.9M | 633.8M | 348.7M | |
| Retained Earnings | 982.1M | 981.6M | 1.0B | 1.1B | 1.1B | 1.2B | |
| Accounts Payable | 17.6M | 11.8M | 9.8M | 19.3M | 18.7M | 18.8M | |
| Cash | 37.0M | 29.2M | 59.9M | 80.5M | 36.4M | 20.7M | |
| Non Current Assets Total | 1.2B | 1.1B | 1.2B | 1.2B | 1.2B | 1.2B | |
| Non Currrent Assets Other | 1.2B | (867.7M) | (941.6M) | 1.2B | 1.1B | 1.2B | |
| Cash And Short Term Investments | 37.0M | 29.2M | 59.9M | 80.5M | 36.4M | 20.7M | |
| Net Receivables | 93.2M | 89.0M | 138.2M | 113.6M | 139.7M | 106.3M | |
| Common Stock Shares Outstanding | 33.3M | 33.3M | 33.2M | 32.6M | 31.1M | 35.3M | |
| Liabilities And Stockholders Equity | 2.1B | 2.0B | 2.1B | 2.2B | 2.1B | 1.1B | |
| Non Current Liabilities Total | 973.0M | 887.9M | 942.8M | 937.0M | 840.2M | 478.9M | |
| Other Current Assets | (885.0M) | 7.4M | 4.8M | 22.3M | (904.7M) | (859.4M) | |
| Other Stockholder Equity | 4.1M | (976.7M) | (1.0B) | (1.1B) | (1.1B) | (1.1B) | |
| Total Liab | 1.0B | 923.9M | 997.5M | 988.7M | 887.9M | 528.8M | |
| Property Plant And Equipment Gross | 13.5M | 13.1M | 12.9M | 12.2M | 11.7M | 11.1M | |
| Total Current Assets | 884.6M | 854.6M | 928.7M | 965.8M | 937.9M | 504.3M | |
| Accumulated Other Comprehensive Income | 21.5M | 18.6M | 17.9M | 29.6M | 24.7M | 25.9M | |
| Other Current Liab | 25.2M | 24.1M | 44.8M | 32.5M | 29.0M | 22.0M | |
| Current Deferred Revenue | (68.4M) | (76.2M) | (40.8M) | (54.2M) | (45.6M) | (47.9M) | |
| Short Term Debt | 70.5M | 76.2M | 40.8M | 54.2M | 45.6M | 54.2M | |
| Common Stock Total Equity | 72.7M | 72.8M | 72.6M | 72.3M | 83.1M | 56.2M | |
| Inventory | 754.3M | 729.0M | 725.8M | 749.5M | 728.6M | 681.3M | |
| Common Stock | 72.6M | 72.3M | 73.3M | 70.2M | 69.5M | 60.9M | |
| Short Term Investments | 6.8M | 4.9M | 6.9M | 5.8M | 7.1M | 6.0M | |
| Other Liab | 113.4M | 101.4M | 135.9M | 122.9M | 110.6M | 136.2M | |
| Net Tangible Assets | 1.1B | 1.1B | 1.1B | 1.2B | 1.4B | 1.1B | |
| Other Assets | 35.8M | 33.0M | 31.2M | 2.8M | 2.5M | 2.4M | |
| Long Term Debt | 751.4M | 721.8M | 716.9M | 740.4M | 670.2M | 708.3M | |
| Deferred Long Term Liab | 35.8M | 33.0M | 31.2M | 34.0M | 30.6M | 27.4M | |
| Property Plant Equipment | 1.2B | 1.1B | 1.1B | 12.2M | 14.1M | 13.4M | |
| Long Term Debt Total | 751.4M | 721.8M | 716.9M | 740.4M | 851.4M | 742.9M | |
| Capital Surpluse | 4.1M | 4.9M | 4.7M | 4.8M | 5.5M | 4.2M | |
| Non Current Liabilities Other | 106.6M | 63.0M | 88.3M | 71.9M | 53.8M | 68.8M | |
| Cash And Equivalents | 37.0M | 29.2M | 59.9M | 80.5M | 92.5M | 49.6M |
Pair Trading with Melcor Developments
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 Melcor Developments 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 Melcor Developments will appreciate offsetting losses from the drop in the long position's value.Moving together with Melcor Stock
The ability to find closely correlated positions to Melcor Developments could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Melcor Developments 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 Melcor Developments - 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 Melcor Developments to buy it.
The correlation of Melcor Developments 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 Melcor Developments moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Melcor Developments 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 Melcor Developments 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.Other Information on Investing in Melcor Stock
Balance Sheet is a snapshot of the financial position of Melcor Developments at a specified time, usually calculated after every quarter, six months, or one year. Melcor Developments Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Melcor Developments 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 Melcor currently owns. An asset can also be divided into two categories, current and non-current.