Patagonia Ev To Sales vs Average Payables Analysis

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Patagonia Gold financial indicator trend analysis is much more than just breaking down Patagonia Gold Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Patagonia Gold Corp is a good investment. Please check the relationship between Patagonia Gold Ev To Sales and its Average Payables accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patagonia Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Ev To Sales vs Average Payables

Ev To Sales vs Average Payables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Patagonia Gold Corp Ev To Sales account and Average Payables. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Patagonia Gold's Ev To Sales and Average Payables is 0.13. Overlapping area represents the amount of variation of Ev To Sales that can explain the historical movement of Average Payables in the same time period over historical financial statements of Patagonia Gold Corp, assuming nothing else is changed. The correlation between historical values of Patagonia Gold's Ev To Sales and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ev To Sales of Patagonia Gold Corp are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Ev To Sales i.e., Patagonia Gold's Ev To Sales and Average Payables go up and down completely randomly.

Correlation Coefficient

0.13

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.

Average Payables

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 Patagonia Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Patagonia Gold Corp 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patagonia Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

At this time, Patagonia Gold's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 8.9 M in 2024, despite the fact that Tax Provision is likely to grow to (151.3 K).

	2023	2024 (projected)
Research Development	18.6M	19.6M
Interest Expense	1.7M	974.6K

Research Development Interest Expense

Patagonia Gold fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Other Current Liab	Property Plant And Equipment Net	Accounts Payable	Non Current Liabilities Total	Other Current Assets	Short Long Term Debt Total	Current Deferred Revenue	Other Assets	Good Will	Short Term Debt	Inventory
Total Assets		0.67	0.61	0.6	-0.8	-0.18	0.72	0.26	-0.18	0.31	0.82	0.7	0.51	0.23	0.42	0.25	0.66	0.48	0.39	-0.14	0.8	0.35	0.01	-0.72	0.54	0.48
Total Current Liabilities	0.67		0.21	0.66	-0.53	-0.34	0.34	0.44	-0.32	0.52	0.48	0.59	0.57	-0.07	0.39	0.21	0.25	0.57	-0.02	-0.49	0.73	0.37	0.23	-0.45	0.92	0.64
Total Stockholder Equity	0.61	0.21		-0.1	-0.35	0.4	0.3	0.14	0.4	0.12	0.46	0.05	0.65	0.61	0.52	-0.25	0.25	0.61	-0.11	0.47	0.11	0.3	0.38	-0.61	0.21	0.45
Net Debt	0.6	0.66	-0.1		-0.68	-0.79	0.73	0.24	-0.78	0.32	0.44	0.95	0.14	-0.17	0.11	0.43	0.74	0.03	0.68	-0.72	0.91	-0.15	-0.42	-0.31	0.65	0.39
Retained Earnings	-0.8	-0.53	-0.35	-0.68		0.29	-0.86	-0.21	0.27	-0.16	-0.89	-0.79	-0.12	-0.33	-0.21	-0.38	-0.78	-0.3	-0.59	0.27	-0.76	-0.27	-0.02	0.86	-0.44	-0.13
Cash	-0.18	-0.34	0.4	-0.79	0.29		-0.39	-0.15	0.99	-0.04	-0.11	-0.61	0.18	0.27	0.11	-0.25	-0.47	0.25	-0.5	0.77	-0.65	0.27	0.55	-0.14	-0.42	-0.18
Non Current Assets Total	0.72	0.34	0.3	0.73	-0.86	-0.39		0.14	-0.38	-0.03	0.72	0.87	-0.01	0.3	0.03	0.52	0.96	0.14	0.82	-0.24	0.7	-0.13	-0.21	-0.7	0.27	0.06
Non Currrent Assets Other	0.26	0.44	0.14	0.24	-0.21	-0.15	0.14		-0.04	0.09	0.22	0.18	0.16	-0.06	0.36	-0.13	-0.03	0.48	-0.11	-0.49	0.26	0.25	0.4	-0.21	0.35	0.23
Cash And Short Term Investments	-0.18	-0.32	0.4	-0.78	0.27	0.99	-0.38	-0.04		-0.07	-0.08	-0.6	0.18	0.25	0.12	-0.26	-0.47	0.25	-0.5	0.71	-0.64	0.27	0.56	-0.15	-0.41	-0.18
Common Stock Shares Outstanding	0.31	0.52	0.12	0.32	-0.16	-0.04	-0.03	0.09	-0.07		0.02	0.28	0.68	-0.11	0.75	-0.22	-0.06	0.47	-0.05	-0.22	0.36	0.11	0.14	-0.19	0.52	0.74
Other Stockholder Equity	0.82	0.48	0.46	0.44	-0.89	-0.11	0.72	0.22	-0.08	0.02		0.57	0.12	0.36	0.23	0.32	0.61	0.4	0.38	-0.12	0.63	0.41	0.18	-0.86	0.32	0.03
Total Liab	0.7	0.59	0.05	0.95	-0.79	-0.61	0.87	0.18	-0.6	0.28	0.57		0.16	-0.03	0.13	0.56	0.86	0.09	0.79	-0.54	0.87	-0.16	-0.37	-0.5	0.53	0.32
Total Current Assets	0.51	0.57	0.65	0.14	-0.12	0.18	-0.01	0.16	0.18	0.68	0.12	0.16		0.16	0.75	-0.22	-0.01	0.61	-0.25	0.12	0.27	0.22	0.23	-0.27	0.6	0.92
Intangible Assets	0.23	-0.07	0.61	-0.17	-0.33	0.27	0.3	-0.06	0.25	-0.11	0.36	-0.03	0.16		0.2	0.06	0.23	0.31	0.0	0.59	0.02	0.15	0.45	-0.59	0.04	0.06
Common Stock	0.42	0.39	0.52	0.11	-0.21	0.11	0.03	0.36	0.12	0.75	0.23	0.13	0.75	0.2		-0.37	-0.07	0.73	-0.14	-0.07	0.2	0.2	0.37	-0.38	0.34	0.73
Other Current Liab	0.25	0.21	-0.25	0.43	-0.38	-0.25	0.52	-0.13	-0.26	-0.22	0.32	0.56	-0.22	0.06	-0.37		0.51	-0.22	0.54	-0.09	0.4	-0.17	-0.28	-0.23	0.09	-0.18
Property Plant And Equipment Net	0.66	0.25	0.25	0.74	-0.78	-0.47	0.96	-0.03	-0.47	-0.06	0.61	0.86	-0.01	0.23	-0.07	0.51		-0.07	0.88	-0.22	0.69	-0.25	-0.44	-0.54	0.24	0.08
Accounts Payable	0.48	0.57	0.61	0.03	-0.3	0.25	0.14	0.48	0.25	0.47	0.4	0.09	0.61	0.31	0.73	-0.22	-0.07		-0.33	0.02	0.15	0.47	0.76	-0.61	0.43	0.51
Non Current Liabilities Total	0.39	-0.02	-0.11	0.68	-0.59	-0.5	0.82	-0.11	-0.5	-0.05	0.38	0.79	-0.25	0.0	-0.14	0.54	0.88	-0.33		-0.3	0.55	-0.43	-0.64	-0.27	-0.06	-0.11
Other Current Assets	-0.14	-0.49	0.47	-0.72	0.27	0.77	-0.24	-0.49	0.71	-0.22	-0.12	-0.54	0.12	0.59	-0.07	-0.09	-0.22	0.02	-0.3		-0.53	0.11	0.28	-0.09	-0.45	-0.15
Short Long Term Debt Total	0.8	0.73	0.11	0.91	-0.76	-0.65	0.7	0.26	-0.64	0.36	0.63	0.87	0.27	0.02	0.2	0.4	0.69	0.15	0.55	-0.53		0.14	-0.26	-0.45	0.71	0.45
Current Deferred Revenue	0.35	0.37	0.3	-0.15	-0.27	0.27	-0.13	0.25	0.27	0.11	0.41	-0.16	0.22	0.15	0.2	-0.17	-0.25	0.47	-0.43	0.11	0.14		0.52	-0.37	0.23	0.07
Other Assets	0.01	0.23	0.38	-0.42	-0.02	0.55	-0.21	0.4	0.56	0.14	0.18	-0.37	0.23	0.45	0.37	-0.28	-0.44	0.76	-0.64	0.28	-0.26	0.52		-0.45	0.15	0.05
Good Will	-0.72	-0.45	-0.61	-0.31	0.86	-0.14	-0.7	-0.21	-0.15	-0.19	-0.86	-0.5	-0.27	-0.59	-0.38	-0.23	-0.54	-0.61	-0.27	-0.09	-0.45	-0.37	-0.45		-0.33	-0.14
Short Term Debt	0.54	0.92	0.21	0.65	-0.44	-0.42	0.27	0.35	-0.41	0.52	0.32	0.53	0.6	0.04	0.34	0.09	0.24	0.43	-0.06	-0.45	0.71	0.23	0.15	-0.33		0.72
Inventory	0.48	0.64	0.45	0.39	-0.13	-0.18	0.06	0.23	-0.18	0.74	0.03	0.32	0.92	0.06	0.73	-0.18	0.08	0.51	-0.11	-0.15	0.45	0.07	0.05	-0.14	0.72

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Patagonia Gold Account Relationship Matchups

Patagonia Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	55.9M	54.8M	60.1M	57.7M	66.4M	36.9M
Total Current Liabilities	29.4M	28.0M	14.5M	14.3M	16.4M	12.1M
Total Stockholder Equity	24.9M	9.4M	22.7M	19.1M	22.0M	19.4M
Net Debt	22.5M	26.7M	24.1M	22.7M	26.1M	27.4M
Retained Earnings	(178.5M)	(174.3M)	(190.5M)	(201.7M)	(181.5M)	(172.5M)
Cash	654K	685K	819K	291K	261.9K	248.8K
Non Current Assets Total	44.4M	49.2M	53.9M	51.2M	58.9M	61.8M
Non Currrent Assets Other	3.1M	3.8M	3.5M	1.4M	1.6M	1.6M
Cash And Short Term Investments	654K	685K	819K	291K	261.9K	248.8K
Common Stock Shares Outstanding	23.6M	282.3M	325.5M	446.4M	513.3M	484.9M
Liabilities And Stockholders Equity	55.9M	54.8M	60.1M	57.7M	66.4M	36.9M
Other Stockholder Equity	180.1M	181.7M	186.2M	189.7M	218.1M	119.4M
Total Liab	32.5M	45.6M	38.7M	40.0M	46.0M	48.4M
Total Current Assets	11.5M	5.5M	6.1M	6.6M	7.5M	8.6M
Common Stock	301K	2.6M	7.3M	11.2M	12.9M	10.4M
Other Current Liab	1.9M	7.6M	144K	2.9M	3.3M	3.5M
Property Plant And Equipment Net	39.7M	36.1M	46.4M	45.7M	52.6M	55.2M
Accounts Payable	5.1M	4.4M	4.2M	3.9M	4.5M	4.7M
Non Current Liabilities Total	3.1M	17.6M	24.1M	25.8M	29.6M	31.1M
Short Long Term Debt Total	23.2M	27.3M	24.9M	23.0M	26.4M	16.3M
Other Assets	6.7M	3.5M	1.4M	1.7M	1.9M	3.8M
Short Term Debt	22.5M	15.3M	10.0M	7.2M	8.3M	10.9M
Inventory	5.9M	3.3M	3.3M	3.8M	4.3M	6.4M
Net Receivables	4.8M	1.5M	2.0M	2.5M	2.9M	3.4M
Accumulated Other Comprehensive Income	22.9M	(575K)	19.7M	19.9M	22.9M	24.0M
Other Liab	631K	10.7M	9.2M	10.0M	11.5M	6.1M
Net Tangible Assets	139K	(5.9M)	1.5M	(2.1M)	(1.9M)	(1.8M)
Long Term Debt	674K	12.0M	14.9M	15.8M	18.1M	9.9M
Long Term Investments	11K	334K	16K	15K	17.3K	16.4K
Property Plant Equipment	12.0M	31.1M	29.2M	28.6M	32.9M	28.1M
Net Invested Capital	25.5M	36.6M	47.6M	42.1M	48.4M	41.2M
Net Working Capital	(17.9M)	(22.5M)	(8.4M)	(7.7M)	(7.0M)	(7.3M)

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