Portofino Inventory vs Accounts Payable Analysis

POR Stock

CAD 0.01 0.01 33.33%

Portofino Resources financial indicator trend analysis is much more than just breaking down Portofino Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Portofino Resources is a good investment. Please check the relationship between Portofino Resources Inventory and its Accounts Payable accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Portofino 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 board of governors.

Inventory vs Accounts Payable

Inventory vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Portofino Resources Inventory account and Accounts Payable. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Portofino Resources' Inventory and Accounts Payable is -0.28. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Portofino Resources, assuming nothing else is changed. The correlation between historical values of Portofino Resources' Inventory and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Portofino Resources are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Inventory i.e., Portofino Resources' Inventory and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.28

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Inventory

Accounts Payable

An accounting item on the balance sheet that represents Portofino Resources obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Portofino Resources are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Most indicators from Portofino Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Portofino 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Portofino 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 board of governors.

Enterprise Value is likely to climb to about 6.4 M in 2024, whereas Selling General Administrative is likely to drop slightly above 839 K in 2024.

Portofino Resources 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 Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Net Tangible Assets	Net Receivables	Inventory	Property Plant Equipment	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		-0.36	-0.42	0.66	-0.7	0.17	-0.46	0.75	0.57	-0.34	0.0	-0.07	-0.42	0.85	-0.13	0.69	0.51	-0.52	0.33	0.4	0.45	-0.25
Other Current Liab	-0.36		0.97	-0.92	0.16	-0.88	0.83	-0.3	0.21	0.94	0.91	0.81	0.97	-0.06	0.85	-0.85	-0.04	-0.37	-0.53	-0.96	-0.96	0.83
Total Current Liabilities	-0.42	0.97		-0.96	0.17	-0.85	0.93	-0.34	0.19	0.93	0.88	0.8	1.0	-0.14	0.82	-0.81	-0.02	-0.35	-0.49	-0.98	-0.99	0.79
Total Stockholder Equity	0.66	-0.92	-0.96		-0.37	0.76	-0.91	0.52	0.02	-0.88	-0.73	-0.68	-0.96	0.39	-0.72	0.89	0.19	0.13	0.51	0.94	0.96	-0.74
Net Debt	-0.7	0.16	0.17	-0.37		0.13	0.18	-0.98	-0.93	0.03	-0.15	-0.17	0.17	-0.74	-0.17	-0.42	-0.19	0.47	0.06	-0.12	-0.2	-0.06
Retained Earnings	0.17	-0.88	-0.85	0.76	0.13		-0.72	0.01	-0.45	-0.97	-0.89	-0.89	-0.85	-0.21	-1.0	0.71	-0.12	0.59	0.69	0.91	0.85	-0.95
Accounts Payable	-0.46	0.83	0.93	-0.91	0.18	-0.72		-0.35	0.14	0.82	0.74	0.7	0.93	-0.25	0.69	-0.66	0.0	-0.28	-0.37	-0.9	-0.93	0.63
Cash	0.75	-0.3	-0.34	0.52	-0.98	0.01	-0.35		0.86	-0.18	0.01	0.03	-0.34	0.75	0.04	0.52	0.18	-0.4	0.01	0.28	0.36	-0.06
Cash And Short Term Investments	0.57	0.21	0.19	0.02	-0.93	-0.45	0.14	0.86		0.31	0.48	0.47	0.19	0.7	0.48	0.11	0.16	-0.61	-0.23	-0.23	-0.15	0.37
Common Stock Shares Outstanding	-0.34	0.94	0.93	-0.88	0.03	-0.97	0.82	-0.18	0.31		0.89	0.88	0.93	-0.01	0.95	-0.81	-0.02	-0.46	-0.63	-0.97	-0.94	0.93
Other Current Assets	0.0	0.91	0.88	-0.73	-0.15	-0.89	0.74	0.01	0.48	0.89		0.79	0.88	0.27	0.88	-0.61	0.16	-0.57	-0.47	-0.88	-0.85	0.8
Other Stockholder Equity	-0.07	0.81	0.8	-0.68	-0.17	-0.89	0.7	0.03	0.47	0.88	0.79		0.8	0.17	0.86	-0.63	0.06	-0.63	-0.48	-0.85	-0.81	0.83
Total Liab	-0.42	0.97	1.0	-0.96	0.17	-0.85	0.93	-0.34	0.19	0.93	0.88	0.8		-0.14	0.82	-0.81	-0.02	-0.35	-0.49	-0.98	-0.99	0.79
Total Current Assets	0.85	-0.06	-0.14	0.39	-0.74	-0.21	-0.25	0.75	0.7	-0.01	0.27	0.17	-0.14		0.26	0.43	0.7	-0.6	-0.12	0.09	0.2	0.07
Common Stock	-0.13	0.85	0.82	-0.72	-0.17	-1.0	0.69	0.04	0.48	0.95	0.88	0.86	0.82	0.26		-0.67	0.17	-0.6	-0.7	-0.88	-0.81	0.93
Net Tangible Assets	0.69	-0.85	-0.81	0.89	-0.42	0.71	-0.66	0.52	0.11	-0.81	-0.61	-0.63	-0.81	0.43	-0.67		0.38	0.04	0.63	0.84	0.84	-0.75
Net Receivables	0.51	-0.04	-0.02	0.19	-0.19	-0.12	0.0	0.18	0.16	-0.02	0.16	0.06	-0.02	0.7	0.17	0.38		-0.41	-0.08	0.02	0.08	-0.09
Inventory	-0.52	-0.37	-0.35	0.13	0.47	0.59	-0.28	-0.4	-0.61	-0.46	-0.57	-0.63	-0.35	-0.6	-0.6	0.04	-0.41		0.13	0.42	0.35	-0.47
Property Plant Equipment	0.33	-0.53	-0.49	0.51	0.06	0.69	-0.37	0.01	-0.23	-0.63	-0.47	-0.48	-0.49	-0.12	-0.7	0.63	-0.08	0.13		0.61	0.49	-0.65
Net Invested Capital	0.4	-0.96	-0.98	0.94	-0.12	0.91	-0.9	0.28	-0.23	-0.97	-0.88	-0.85	-0.98	0.09	-0.88	0.84	0.02	0.42	0.61		0.99	-0.85
Net Working Capital	0.45	-0.96	-0.99	0.96	-0.2	0.85	-0.93	0.36	-0.15	-0.94	-0.85	-0.81	-0.99	0.2	-0.81	0.84	0.08	0.35	0.49	0.99		-0.8
Capital Stock	-0.25	0.83	0.79	-0.74	-0.06	-0.95	0.63	-0.06	0.37	0.93	0.8	0.83	0.79	0.07	0.93	-0.75	-0.09	-0.47	-0.65	-0.85	-0.8

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Portofino Resources Account Relationship Matchups

Portofino Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	443.5K	540.4K	277.0K	353.9K	123.5K	117.4K
Other Current Liab	189.7K	60.0K	148.9K	756.0K	869.4K	912.9K
Total Current Liabilities	189.8K	60.0K	149.1K	756.8K	1.4M	1.5M
Total Stockholder Equity	253.7K	480.4K	127.9K	(402.9K)	(1.3M)	(1.2M)
Net Debt	(301.7K)	(274.1K)	(155.7K)	(65.1K)	(58.6K)	(61.6K)
Retained Earnings	(5.2M)	(7.6M)	(10.0M)	(12.5M)	(15.2M)	(14.5M)
Accounts Payable	158.31	58.94	141.81	755.93	1.2M	1.3M
Cash	301.7K	274.1K	155.7K	65.1K	6.8K	6.4K
Cash And Short Term Investments	301.7K	274.1K	155.7K	140.1K	161.2K	146.5K
Common Stock Shares Outstanding	26.2M	44.3M	92.9M	125.8M	175.2M	184.0M
Liabilities And Stockholders Equity	443.5K	540.4K	277.0K	353.9K	407.0K	435.5K
Other Current Assets	84.4K	67.8K	72.6K	185.3K	213.1K	223.8K
Other Stockholder Equity	794.4K	967.0K	1.2M	1.6M	1.8M	1.9M
Total Liab	189.8K	60.0K	149.1K	756.8K	1.4M	1.5M
Total Current Assets	443.5K	540.4K	277.0K	353.9K	123.5K	117.4K
Common Stock	4.6M	7.2M	9.0M	10.4M	12.0M	12.6M
Net Tangible Assets	253.7K	480.4K	127.9K	(402.9K)	(362.6K)	(344.5K)
Net Receivables	57.4K	198.5K	48.8K	28.5K	66.1K	122.0K
Net Invested Capital	253.7K	480.4K	127.9K	(402.9K)	(1.3M)	(1.2M)
Net Working Capital	253.7K	480.4K	127.9K	(402.9K)	(1.3M)	(1.2M)
Capital Stock	4.6M	7.2M	9.0M	10.4M	12.0M	8.6M

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