Sable Average Payables vs Capex To Depreciation Analysis

SAE Stock  CAD 0.04  0.01  16.67%   
Sable Resources financial indicator trend analysis is much more than just breaking down Sable Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sable Resources is a good investment. Please check the relationship between Sable Resources Average Payables and its Capex To Depreciation accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sable 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.

Average Payables vs Capex To Depreciation

Average Payables vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sable Resources Average Payables account and Capex To Depreciation. At this time, the significance of the direction appears to have strong relationship.
The correlation between Sable Resources' Average Payables and Capex To Depreciation is 0.71. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Sable Resources, assuming nothing else is changed. The correlation between historical values of Sable Resources' Average Payables and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of Sable Resources are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Average Payables i.e., Sable Resources' Average Payables and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

0.71
Relationship DirectionPositive 
Relationship StrengthSignificant

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.

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.
Most indicators from Sable Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sable 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sable 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.
At this time, Sable Resources' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 13.1 M in 2024, whereas Discontinued Operations is likely to drop (17.6 K) in 2024.

Sable Resources fundamental ratios Correlations

0.170.870.76-0.98-0.580.10.980.74-0.020.980.090.90.49-0.330.380.99-0.45-0.460.860.9-0.9-0.540.90.80.62
0.17-0.3-0.11-0.2-0.76-0.150.25-0.12-0.160.22-0.330.51-0.190.10.910.220.030.040.080.37-0.39-0.070.320.480.35
0.87-0.30.75-0.83-0.160.170.820.730.070.840.310.610.4-0.38-0.110.84-0.46-0.480.810.71-0.67-0.50.690.520.38
0.76-0.110.75-0.65-0.430.520.641.00.370.630.040.640.54-0.320.130.64-0.36-0.390.60.66-0.74-0.460.760.790.62
-0.98-0.2-0.83-0.650.610.02-0.99-0.640.09-0.98-0.11-0.91-0.470.4-0.41-0.980.570.58-0.8-0.90.880.61-0.91-0.76-0.63
-0.58-0.76-0.16-0.430.61-0.09-0.61-0.42-0.03-0.570.27-0.85-0.290.21-0.88-0.570.370.37-0.35-0.720.770.56-0.79-0.84-0.76
0.1-0.150.170.520.02-0.09-0.010.550.08-0.02-0.230.00.030.08-0.13-0.020.060.04-0.020.03-0.02-0.150.120.31-0.08
0.980.250.820.64-0.99-0.61-0.010.62-0.121.00.050.910.48-0.320.461.0-0.45-0.460.820.88-0.88-0.530.90.760.61
0.74-0.120.731.0-0.64-0.420.550.620.370.620.010.630.54-0.30.120.62-0.34-0.370.580.64-0.72-0.440.740.780.61
-0.02-0.160.070.370.09-0.030.08-0.120.37-0.120.020.01-0.01-0.11-0.16-0.11-0.08-0.1-0.110.02-0.26-0.120.070.210.48
0.980.220.840.63-0.98-0.57-0.021.00.62-0.120.10.90.44-0.310.411.0-0.44-0.450.860.89-0.87-0.520.870.730.57
0.09-0.330.310.04-0.110.27-0.230.050.010.020.1-0.02-0.17-0.46-0.40.11-0.3-0.30.350.2-0.07-0.23-0.03-0.13-0.12
0.90.510.610.64-0.91-0.850.00.910.630.010.9-0.020.42-0.340.690.9-0.51-0.520.730.94-0.96-0.60.940.910.77
0.49-0.190.40.54-0.47-0.290.030.480.54-0.010.44-0.170.42-0.090.250.44-0.14-0.150.330.27-0.39-0.170.520.340.46
-0.330.1-0.38-0.320.40.210.08-0.32-0.3-0.11-0.31-0.46-0.34-0.090.05-0.310.70.71-0.25-0.420.390.56-0.39-0.34-0.36
0.380.91-0.110.13-0.41-0.88-0.130.460.12-0.160.41-0.40.690.250.050.42-0.05-0.040.220.49-0.56-0.150.540.630.54
0.990.220.840.64-0.98-0.57-0.021.00.62-0.111.00.110.90.44-0.310.42-0.44-0.450.860.89-0.87-0.520.880.740.57
-0.450.03-0.46-0.360.570.370.06-0.45-0.34-0.08-0.44-0.3-0.51-0.140.7-0.05-0.440.99-0.28-0.580.520.83-0.55-0.46-0.46
-0.460.04-0.48-0.390.580.370.04-0.46-0.37-0.1-0.45-0.3-0.52-0.150.71-0.04-0.450.99-0.29-0.60.530.83-0.56-0.48-0.47
0.860.080.810.6-0.8-0.35-0.020.820.58-0.110.860.350.730.33-0.250.220.86-0.28-0.290.85-0.73-0.410.670.550.36
0.90.370.710.66-0.9-0.720.030.880.640.020.890.20.940.27-0.420.490.89-0.58-0.60.85-0.93-0.690.880.840.67
-0.9-0.39-0.67-0.740.880.77-0.02-0.88-0.72-0.26-0.87-0.07-0.96-0.390.39-0.56-0.870.520.53-0.73-0.930.61-0.93-0.91-0.84
-0.54-0.07-0.5-0.460.610.56-0.15-0.53-0.44-0.12-0.52-0.23-0.6-0.170.56-0.15-0.520.830.83-0.41-0.690.61-0.65-0.54-0.54
0.90.320.690.76-0.91-0.790.120.90.740.070.87-0.030.940.52-0.390.540.88-0.55-0.560.670.88-0.93-0.650.890.81
0.80.480.520.79-0.76-0.840.310.760.780.210.73-0.130.910.34-0.340.630.74-0.46-0.480.550.84-0.91-0.540.890.78
0.620.350.380.62-0.63-0.76-0.080.610.610.480.57-0.120.770.46-0.360.540.57-0.46-0.470.360.67-0.84-0.540.810.78
Click cells to compare fundamentals

Sable Resources Account Relationship Matchups

Sable Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets10.3M24.7M28.5M22.8M14.1M14.8M
Total Current Liabilities727.6K1.5M1.2M1.0M14.2M14.9M
Total Stockholder Equity8.6M23.1M25.4M13.6M(177.3K)(168.4K)
Property Plant And Equipment Net5.3M4.0M4.6M5.5M1.9M1.6M
Net Debt(4.6M)(16.9M)(22.6M)(17.1M)(11.9M)(11.3M)
Retained Earnings(31.1M)(21.5M)(31.6M)(43.5M)(59.6M)(56.7M)
Accounts Payable433.1K269.2K553.5K353.4K220.5K331.7K
Cash4.8M17.1M22.8M17.2M12.0M12.6M
Non Current Assets Total5.3M4.0M4.6M5.5M1.9M1.7M
Non Currrent Assets Other(136.3K)143.8K5.3M(1.0)(1.15)(1.09)
Cash And Short Term Investments4.8M20.4M23.8M17.2M12.0M12.6M
Net Receivables66.1K183.4K30.4K22.0K15.5K14.7K
Common Stock Shares Outstanding149.1M244.5M256.1M281.5M286.5M300.8M
Liabilities And Stockholders Equity10.3M24.7M28.5M22.8M14.1M14.8M
Non Current Liabilities Total991.1K117.6K1.9M8.2M26.8K25.5K
Other Stockholder Equity3.4M4.2M4.8M4.9M5.1M5.7M
Total Liab1.7M1.6M3.1M9.2M14.3M15.0M
Total Current Assets5.0M20.7M23.9M17.3M12.2M12.8M
Net Tangible Assets7.1M8.6M23.1M13.6M15.6M16.4M
Common Stock36.6M40.5M53.1M55.1M55.1M36.4M
Property Plant Equipment5.5M5.3M4.0M5.5M6.3M6.6M
Other Current Assets152.4K41.1K77.0K125.8K130.2K88.4K
Net Invested Capital8.6M23.1M25.4M13.6M(177.3K)(168.4K)
Net Working Capital4.3M19.2M22.7M16.3M(2.1M)(2.0M)
Capital Stock36.6M40.5M53.1M55.1M55.1M50.2M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Sable Stock Analysis

When running Sable Resources' price analysis, check to measure Sable Resources' 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 Sable Resources is operating at the current time. Most of Sable Resources' value examination focuses on studying past and present price action to predict the probability of Sable Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sable Resources' price. Additionally, you may evaluate how the addition of Sable Resources to your portfolios can decrease your overall portfolio volatility.