| RVG Stock | | | CAD 0.28 0.02 6.67% |
Revival Gold financial indicator trend analysis is much more than just breaking down Revival Gold prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Revival Gold is a good investment. Please check the relationship between Revival Gold Accounts Payable and its Other Current Assets accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Revival 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.
Accounts Payable vs Other Current Assets
Accounts Payable vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Revival Gold Accounts Payable account and
Other Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Revival Gold's Accounts Payable and Other Current Assets is 0.67. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Revival Gold, assuming nothing else is changed. The correlation between historical values of Revival Gold's Accounts Payable and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Revival Gold are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Accounts Payable i.e., Revival Gold's Accounts Payable and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.67 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Revival Gold 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 Revival Gold 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.
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Revival Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Revival 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Revival 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, Revival Gold's
Tax Provision is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to climb to 1.12 in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 8.9
M in 2024.
Revival Gold fundamental ratios Correlations
Click cells to compare fundamentals
Revival Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Revival Gold fundamental ratios Accounts
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Additional Tools for Revival Stock Analysis
When running Revival Gold's price analysis, check to
measure Revival Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Revival Gold is operating at the current time. Most of Revival Gold's value examination focuses on studying past and present price action to
predict the probability of Revival Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Revival Gold's price. Additionally, you may evaluate how the addition of Revival Gold to your portfolios can decrease your overall portfolio volatility.