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 Direction | Positive |
Relationship Strength | Significant |
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
Click cells to compare fundamentals
Sable Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sable Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 10.3M | 24.7M | 28.5M | 22.8M | 14.1M | 14.8M | |
Total Current Liabilities | 727.6K | 1.5M | 1.2M | 1.0M | 14.2M | 14.9M | |
Total Stockholder Equity | 8.6M | 23.1M | 25.4M | 13.6M | (177.3K) | (168.4K) | |
Property Plant And Equipment Net | 5.3M | 4.0M | 4.6M | 5.5M | 1.9M | 1.6M | |
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 Payable | 433.1K | 269.2K | 553.5K | 353.4K | 220.5K | 331.7K | |
Cash | 4.8M | 17.1M | 22.8M | 17.2M | 12.0M | 12.6M | |
Non Current Assets Total | 5.3M | 4.0M | 4.6M | 5.5M | 1.9M | 1.7M | |
Non Currrent Assets Other | (136.3K) | 143.8K | 5.3M | (1.0) | (1.15) | (1.09) | |
Cash And Short Term Investments | 4.8M | 20.4M | 23.8M | 17.2M | 12.0M | 12.6M | |
Net Receivables | 66.1K | 183.4K | 30.4K | 22.0K | 15.5K | 14.7K | |
Common Stock Shares Outstanding | 149.1M | 244.5M | 256.1M | 281.5M | 286.5M | 300.8M | |
Liabilities And Stockholders Equity | 10.3M | 24.7M | 28.5M | 22.8M | 14.1M | 14.8M | |
Non Current Liabilities Total | 991.1K | 117.6K | 1.9M | 8.2M | 26.8K | 25.5K | |
Other Stockholder Equity | 3.4M | 4.2M | 4.8M | 4.9M | 5.1M | 5.7M | |
Total Liab | 1.7M | 1.6M | 3.1M | 9.2M | 14.3M | 15.0M | |
Total Current Assets | 5.0M | 20.7M | 23.9M | 17.3M | 12.2M | 12.8M | |
Net Tangible Assets | 7.1M | 8.6M | 23.1M | 13.6M | 15.6M | 16.4M | |
Common Stock | 36.6M | 40.5M | 53.1M | 55.1M | 55.1M | 36.4M | |
Property Plant Equipment | 5.5M | 5.3M | 4.0M | 5.5M | 6.3M | 6.6M | |
Other Current Assets | 152.4K | 41.1K | 77.0K | 125.8K | 130.2K | 88.4K | |
Net Invested Capital | 8.6M | 23.1M | 25.4M | 13.6M | (177.3K) | (168.4K) | |
Net Working Capital | 4.3M | 19.2M | 22.7M | 16.3M | (2.1M) | (2.0M) | |
Capital Stock | 36.6M | 40.5M | 53.1M | 55.1M | 55.1M | 50.2M |
Thematic Opportunities
Explore Investment Opportunities
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.