SBSW Stock | | | USD 4.09 0.00 0.00% |
Sibanye Gold financial indicator trend analysis is much more than just breaking down Sibanye Gold prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sibanye Gold is a good investment. Please check the relationship between Sibanye Gold Inventory and its Total Current Assets accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Sibanye Gold Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Inventory vs Total Current Assets
Inventory vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sibanye Gold Inventory account and
Total Current Assets. At this time, the significance of the direction appears to have totally related.
The correlation between Sibanye Gold's Inventory and Total Current Assets is 0.99. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Sibanye Gold Ltd, assuming nothing else is changed. The correlation between historical values of Sibanye Gold's Inventory and Total 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 Inventory of Sibanye Gold Ltd are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Inventory i.e., Sibanye Gold's Inventory and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Inventory
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Sibanye Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sibanye 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Sibanye Gold Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Selling General Administrative is likely to climb to about 364.6
M in 2024, despite the fact that
Tax Provision is likely to grow to (2.3
B).
Sibanye Gold fundamental ratios Correlations
Click cells to compare fundamentals
Sibanye Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sibanye Gold fundamental ratios Accounts
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Additional Tools for Sibanye Stock Analysis
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measure Sibanye 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 Sibanye Gold is operating at the current time. Most of Sibanye Gold's value examination focuses on studying past and present price action to
predict the probability of Sibanye 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 Sibanye Gold's price. Additionally, you may evaluate how the addition of Sibanye Gold to your portfolios can decrease your overall portfolio volatility.