NextSource Net Receivables vs Current Deferred Revenue Analysis

NEXT Stock

CAD 0.52 0.02 4.00%

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

Net Receivables vs Current Deferred Revenue

Net Receivables vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NextSource Materials Net Receivables account and Current Deferred Revenue. At this time, the significance of the direction appears to have no relationship.

The correlation between NextSource Materials' Net Receivables and Current Deferred Revenue is 0.08. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of NextSource Materials, assuming nothing else is changed. The correlation between historical values of NextSource Materials' Net Receivables and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of NextSource Materials are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Net Receivables i.e., NextSource Materials' Net Receivables and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.08

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Net Receivables

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

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

As of the 23rd of November 2024, Enterprise Value is likely to grow to about 121.5 M, while Selling General Administrative is likely to drop about 2.7 M.

NextSource Materials fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant And Equipment Net	Non Current Assets Total	Property Plant And Equipment Gross	Net Receivables	Non Current Liabilities Total	Short Term Debt	Inventory	Net Tangible Assets	Current Deferred Revenue	Property Plant Equipment
Total Assets		0.29	0.37	0.63	0.15	-0.61	-0.21	0.51	0.51	0.66	0.94	0.94	-0.51	0.81	0.56	0.85	0.97	0.97	0.97	0.21	0.99	0.78	0.92	0.7	0.97	0.97
Other Current Liab	0.29		0.99	-0.55	-0.89	-0.51	0.15	0.95	0.95	0.38	0.27	0.19	-0.34	0.8	0.93	0.33	0.07	0.07	0.07	-0.06	0.16	0.01	-0.06	-0.47	0.16	0.07
Total Current Liabilities	0.37	0.99		-0.47	-0.85	-0.56	0.14	0.97	0.97	0.43	0.35	0.28	-0.38	0.85	0.96	0.39	0.16	0.16	0.16	-0.03	0.25	0.08	0.02	-0.39	0.24	0.16
Total Stockholder Equity	0.63	-0.55	-0.47		0.84	-0.13	-0.33	-0.31	-0.31	0.26	0.6	0.68	-0.16	0.06	-0.25	0.47	0.79	0.79	0.79	0.25	0.72	0.68	0.84	0.99	0.72	0.79
Net Debt	0.15	-0.89	-0.85	0.84		0.23	-0.24	-0.75	-0.75	-0.05	0.16	0.24	0.06	-0.45	-0.71	0.08	0.37	0.37	0.37	0.12	0.28	0.34	0.49	0.8	0.29	0.37
Retained Earnings	-0.61	-0.51	-0.56	-0.13	0.23		-0.07	-0.61	-0.61	-0.71	-0.76	-0.68	0.29	-0.7	-0.62	-0.71	-0.52	-0.52	-0.52	0.46	-0.52	-0.37	-0.44	-0.21	-0.63	-0.52
Accounts Payable	-0.21	0.15	0.14	-0.33	-0.24	-0.07		0.03	0.04	-0.2	-0.18	-0.27	0.29	-0.02	0.03	-0.24	-0.25	-0.25	-0.25	0.08	-0.24	-0.74	-0.32	-0.31	-0.25	-0.25
Cash	0.51	0.95	0.97	-0.31	-0.75	-0.61	0.03		1.0	0.46	0.45	0.41	-0.37	0.9	1.0	0.47	0.31	0.31	0.31	0.02	0.4	0.22	0.2	-0.23	0.37	0.31
Cash And Short Term Investments	0.51	0.95	0.97	-0.31	-0.75	-0.61	0.04	1.0		0.46	0.45	0.41	-0.37	0.9	1.0	0.47	0.31	0.3	0.31	0.03	0.4	0.22	0.2	-0.23	0.37	0.31
Common Stock Total Equity	0.66	0.38	0.43	0.26	-0.05	-0.71	-0.2	0.46	0.46		0.81	0.77	-0.86	0.66	0.47	0.96	0.62	0.62	0.62	-0.22	0.61	0.57	0.55	0.34	0.7	0.62
Common Stock Shares Outstanding	0.94	0.27	0.35	0.6	0.16	-0.76	-0.18	0.45	0.45	0.81		0.96	-0.56	0.75	0.49	0.93	0.92	0.92	0.92	-0.05	0.9	0.75	0.85	0.68	0.97	0.92
Other Current Assets	0.94	0.19	0.28	0.68	0.24	-0.68	-0.27	0.41	0.41	0.77	0.96		-0.59	0.71	0.45	0.9	0.94	0.94	0.94	0.07	0.92	0.79	0.88	0.73	0.96	0.94
Other Stockholder Equity	-0.51	-0.34	-0.38	-0.16	0.06	0.29	0.29	-0.37	-0.37	-0.86	-0.56	-0.59		-0.53	-0.38	-0.8	-0.47	-0.47	-0.47	-0.12	-0.48	-0.49	-0.4	-0.22	-0.51	-0.47
Total Liab	0.81	0.8	0.85	0.06	-0.45	-0.7	-0.02	0.9	0.9	0.66	0.75	0.71	-0.53		0.92	0.74	0.65	0.65	0.65	0.09	0.72	0.48	0.54	0.15	0.7	0.65
Total Current Assets	0.56	0.93	0.96	-0.25	-0.71	-0.62	0.03	1.0	1.0	0.47	0.49	0.45	-0.38	0.92		0.5	0.36	0.36	0.36	0.06	0.45	0.26	0.25	-0.18	0.42	0.36
Common Stock	0.85	0.33	0.39	0.47	0.08	-0.71	-0.24	0.47	0.47	0.96	0.93	0.9	-0.8	0.74	0.5		0.82	0.82	0.82	-0.08	0.81	0.71	0.76	0.55	0.87	0.82
Property Plant And Equipment Net	0.97	0.07	0.16	0.79	0.37	-0.52	-0.25	0.31	0.31	0.62	0.92	0.94	-0.47	0.65	0.36	0.82		1.0	1.0	0.22	0.99	0.81	0.97	0.84	0.98	1.0
Non Current Assets Total	0.97	0.07	0.16	0.79	0.37	-0.52	-0.25	0.31	0.3	0.62	0.92	0.94	-0.47	0.65	0.36	0.82	1.0		1.0	0.22	0.99	0.81	0.97	0.84	0.98	1.0
Property Plant And Equipment Gross	0.97	0.07	0.16	0.79	0.37	-0.52	-0.25	0.31	0.31	0.62	0.92	0.94	-0.47	0.65	0.36	0.82	1.0	1.0		0.22	0.99	0.81	0.97	0.84	0.98	1.0
Net Receivables	0.21	-0.06	-0.03	0.25	0.12	0.46	0.08	0.02	0.03	-0.22	-0.05	0.07	-0.12	0.09	0.06	-0.08	0.22	0.22	0.22		0.26	0.02	0.17	0.19	0.08	0.23
Non Current Liabilities Total	0.99	0.16	0.25	0.72	0.28	-0.52	-0.24	0.4	0.4	0.61	0.9	0.92	-0.48	0.72	0.45	0.81	0.99	0.99	0.99	0.26		0.78	0.96	0.78	0.97	0.99
Short Term Debt	0.78	0.01	0.08	0.68	0.34	-0.37	-0.74	0.22	0.22	0.57	0.75	0.79	-0.49	0.48	0.26	0.71	0.81	0.81	0.81	0.02	0.78		0.81	0.71	0.82	0.81
Inventory	0.92	-0.06	0.02	0.84	0.49	-0.44	-0.32	0.2	0.2	0.55	0.85	0.88	-0.4	0.54	0.25	0.76	0.97	0.97	0.97	0.17	0.96	0.81		0.89	0.94	0.97
Net Tangible Assets	0.7	-0.47	-0.39	0.99	0.8	-0.21	-0.31	-0.23	-0.23	0.34	0.68	0.73	-0.22	0.15	-0.18	0.55	0.84	0.84	0.84	0.19	0.78	0.71	0.89		0.79	0.84
Current Deferred Revenue	0.97	0.16	0.24	0.72	0.29	-0.63	-0.25	0.37	0.37	0.7	0.97	0.96	-0.51	0.7	0.42	0.87	0.98	0.98	0.98	0.08	0.97	0.82	0.94	0.79		0.98
Property Plant Equipment	0.97	0.07	0.16	0.79	0.37	-0.52	-0.25	0.31	0.31	0.62	0.92	0.94	-0.47	0.65	0.36	0.82	1.0	1.0	1.0	0.23	0.99	0.81	0.97	0.84	0.98

Click cells to compare fundamentals

NextSource Materials Account Relationship Matchups

NextSource Materials fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	273.4K	26.9M	29.3M	53.0M	60.9M	64.0M
Other Current Liab	822.0K	45.4M	21.7M	3.6M	4.1M	5.5M
Total Current Liabilities	1.2M	46.7M	24.3M	7.9M	9.1M	5.3M
Total Stockholder Equity	(910.6K)	(26.1M)	(3.1M)	25.2M	22.7M	23.8M
Net Debt	(184.2K)	(22.4M)	(9.4M)	4.6M	4.1M	4.4M
Retained Earnings	(104.9M)	(146.9M)	(130.8M)	(142.5M)	(128.2M)	(121.8M)
Accounts Payable	323.9K	383.4K	817.3K	3.0K	3.5K	3.3K
Cash	222.3K	22.4M	9.8M	6.9M	7.9M	4.4M
Cash And Short Term Investments	222.3K	22.4M	9.8M	6.9M	7.9M	4.4M
Common Stock Shares Outstanding	52.7M	66.7M	99.2M	117.3M	134.9M	141.6M
Liabilities And Stockholders Equity	273.4K	26.9M	29.3M	53.0M	60.9M	64.0M
Other Current Assets	25.5K	53.0K	96.8K	172.4K	155.1K	147.4K
Other Stockholder Equity	120.7K	255.3K	331.5K	(26.8K)	(24.1K)	(22.9K)
Total Liab	1.2M	53.1M	32.4M	27.8M	31.9M	33.5M
Total Current Assets	255.3K	22.6M	10.5M	8.0M	9.2M	5.3M
Accumulated Other Comprehensive Income	120.7K	255.3K	331.5K	(1.6M)	(1.4M)	(1.3M)
Common Stock	103.9M	120.5M	127.4M	169.2M	194.6M	204.3M
Non Current Assets Total	18.1K	4.3M	18.8M	45.0M	51.7M	54.3M
Net Receivables	7.5K	92.4K	574.3K	494.3K	444.8K	295.0K
Non Current Liabilities Total	10.7K	6.3M	8.0M	19.9M	22.9M	24.0M
Short Term Debt	27.5K	5.8K	51.7K	1.3M	1.5M	1.6M
Net Tangible Assets	(910.6K)	(26.1M)	(3.1M)	25.2M	29.0M	30.4M
Long Term Debt Total	10.7K	5.3K	298.1K	10.2M	11.7M	12.3M
Cash And Equivalents	222.3K	22.4M	9.8M	6.9M	7.9M	5.9M
Net Invested Capital	(888.5K)	(26.1M)	(3.1M)	25.2M	29.0M	30.4M
Net Working Capital	(918.0K)	(24.1M)	(13.9M)	120.1K	108.0K	113.4K
Capital Stock	103.9M	120.5M	127.4M	169.2M	194.6M	137.3M

Pair Trading with NextSource Materials

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 NextSource Materials 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 NextSource Materials will appreciate offsetting losses from the drop in the long position's value.

Moving together with NextSource Stock

0.71

INFM

Infinico Metals Corp

Pair Corr

Moving against NextSource Stock

0.89	RY	Royal Bank	Pair Corr
0.79	FDY	Faraday Copper Corp	Pair Corr
0.78	IE	Ivanhoe Energy	Pair Corr
0.78	BOFA	Bank of America	Pair Corr
0.75	RY-PJ	Royal Bank	Pair Corr

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

The correlation of NextSource Materials 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 NextSource Materials moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NextSource Materials 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 NextSource Materials 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 NextSource Stock

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

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NextSource Net Receivables vs Current Deferred Revenue Analysis

Net Receivables vs Current Deferred Revenue

Net Receivables vs Current Deferred Revenue Correlation Analysis

Correlation Coefficient

Net Receivables

Current Deferred Revenue

NextSource Materials fundamental ratios Correlations

NextSource Materials Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NextSource Materials fundamental ratios Accounts

Pair Trading with NextSource Materials

Moving together with NextSource Stock

Moving against NextSource Stock

Other Information on Investing in NextSource Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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

Net Debt	- 0.89	Other Current Liab
Other Stockholder Equity	- 0.86	Common Stock Total Equity
Net Debt	- 0.85	Total Current Liabilities
Common Stock	- 0.8	Other Stockholder Equity
Common Stock Shares Outstanding	- 0.76	Retained Earnings
Cash And Short Term Investments	- 0.75	Net Debt