Sandfire Total Current Assets vs Net Receivables Analysis

SFR Stock

CAD 0.30 0.01 3.45%

Sandfire Resources financial indicator trend analysis is much more than just breaking down Sandfire Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sandfire Resources is a good investment. Please check the relationship between Sandfire Resources Total Current Assets and its Net Receivables accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sandfire Resources America. 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.

Total Current Assets vs Net Receivables

Total Current Assets vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sandfire Resources Total Current Assets account and Net Receivables. At this time, the significance of the direction appears to have weak relationship.

The correlation between Sandfire Resources' Total Current Assets and Net Receivables is 0.36. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Sandfire Resources America, assuming nothing else is changed. The correlation between historical values of Sandfire Resources' Total Current Assets and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Sandfire Resources America are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Current Assets i.e., Sandfire Resources' Total Current Assets and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.36

Relationship Direction	Positive
Relationship Strength	Very Weak

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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.

Net Receivables

Most indicators from Sandfire Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sandfire 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 Sandfire Resources America. 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.

Selling General Administrative is likely to drop to about 1.8 M in 2024. Sales General And Administrative To Revenue is likely to drop to 12.52 in 2024

Sandfire Resources fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Total Liab	Total Current Assets	Common Stock	Short Term Debt	Other Stockholder Equity	Other Current Assets	Short Term Investments	Net Tangible Assets	Other Assets	Property Plant Equipment	Net Invested Capital
Total Assets		0.73	-0.03	0.72	-0.37	0.82	0.58	-0.76	0.37	0.06	0.82	0.04	0.19	0.75	0.78	0.74	0.08	0.7	0.72	0.09	0.74	-0.57	-0.4	0.62	0.74	0.78
Short Long Term Debt Total	0.73		-0.14	0.99	-0.89	0.87	0.95	-0.79	0.28	-0.45	0.87	-0.46	0.01	0.79	0.79	0.99	-0.43	0.57	1.0	-0.2	0.83	-0.76	-0.87	0.79	0.75	0.68
Other Current Liab	-0.03	-0.14		-0.17	0.2	0.1	-0.08	-0.26	0.55	-0.21	0.09	-0.2	-0.02	0.3	-0.1	-0.16	-0.21	0.37	-0.14	-0.08	-0.08	0.31	0.17	0.18	0.16	0.11
Total Current Liabilities	0.72	0.99	-0.17		-0.91	0.86	0.96	-0.77	0.27	-0.44	0.87	-0.46	0.02	0.79	0.78	1.0	-0.42	0.54	0.99	-0.2	0.78	-0.84	-0.83	0.76	0.72	0.67
Total Stockholder Equity	-0.37	-0.89	0.2	-0.91		-0.69	-0.95	0.59	-0.15	0.66	-0.69	0.67	0.1	-0.63	-0.6	-0.9	0.65	-0.33	-0.89	0.35	-0.62	0.76	0.86	-0.67	-0.56	-0.46
Property Plant And Equipment Net	0.82	0.87	0.1	0.86	-0.69		0.88	-0.94	0.42	-0.53	1.0	-0.55	-0.05	0.96	0.92	0.88	-0.51	0.8	0.87	-0.28	0.86	-0.64	-0.53	0.89	0.92	0.93
Net Debt	0.58	0.95	-0.08	0.96	-0.95	0.88		-0.79	0.27	-0.67	0.88	-0.69	-0.09	0.82	0.78	0.96	-0.66	0.55	0.95	-0.35	0.78	-0.77	-0.79	0.82	0.75	0.69
Retained Earnings	-0.76	-0.79	-0.26	-0.77	0.59	-0.94	-0.79		-0.47	0.5	-0.93	0.51	0.08	-0.97	-0.81	-0.79	0.47	-0.9	-0.79	0.26	-0.82	0.51	0.5	-0.9	-0.87	-0.85
Accounts Payable	0.37	0.28	0.55	0.27	-0.15	0.42	0.27	-0.47		-0.17	0.42	-0.18	0.22	0.5	0.33	0.28	-0.16	0.52	0.28	0.09	0.35	-0.07	-0.17	0.44	0.46	0.4
Cash	0.06	-0.45	-0.21	-0.44	0.66	-0.53	-0.67	0.5	-0.17		-0.53	1.0	0.35	-0.55	-0.45	-0.45	1.0	-0.36	-0.44	0.6	-0.41	0.26	0.34	-0.63	-0.5	-0.46
Non Current Assets Total	0.82	0.87	0.09	0.87	-0.69	1.0	0.88	-0.93	0.42	-0.53		-0.54	-0.05	0.96	0.92	0.89	-0.51	0.8	0.87	-0.27	0.86	-0.64	-0.54	0.89	0.92	0.93
Cash And Short Term Investments	0.04	-0.46	-0.2	-0.46	0.67	-0.55	-0.69	0.51	-0.18	1.0	-0.54		0.34	-0.57	-0.46	-0.47	1.0	-0.36	-0.46	0.6	-0.42	0.29	0.36	-0.64	-0.51	-0.47
Net Receivables	0.19	0.01	-0.02	0.02	0.1	-0.05	-0.09	0.08	0.22	0.35	-0.05	0.34		-0.06	0.01	0.02	0.36	-0.07	0.01	0.91	0.04	-0.08	-0.03	-0.15	-0.09	-0.09
Common Stock Shares Outstanding	0.75	0.79	0.3	0.79	-0.63	0.96	0.82	-0.97	0.5	-0.55	0.96	-0.57	-0.06		0.81	0.81	-0.53	0.85	0.79	-0.28	0.78	-0.57	-0.47	0.88	0.87	0.88
Non Current Liabilities Total	0.78	0.79	-0.1	0.78	-0.6	0.92	0.78	-0.81	0.33	-0.45	0.92	-0.46	0.01	0.81		0.8	-0.42	0.7	0.79	-0.2	0.87	-0.57	-0.45	0.81	0.86	0.89
Total Liab	0.74	0.99	-0.16	1.0	-0.9	0.88	0.96	-0.79	0.28	-0.45	0.89	-0.47	0.02	0.81	0.8		-0.43	0.56	0.99	-0.21	0.8	-0.83	-0.81	0.77	0.74	0.7
Total Current Assets	0.08	-0.43	-0.21	-0.42	0.65	-0.51	-0.66	0.47	-0.16	1.0	-0.51	1.0	0.36	-0.53	-0.42	-0.43		-0.34	-0.43	0.61	-0.38	0.25	0.33	-0.61	-0.48	-0.44
Common Stock	0.7	0.57	0.37	0.54	-0.33	0.8	0.55	-0.9	0.52	-0.36	0.8	-0.36	-0.07	0.85	0.7	0.56	-0.34		0.57	-0.21	0.69	-0.18	-0.28	0.85	0.89	0.85
Short Term Debt	0.72	1.0	-0.14	0.99	-0.89	0.87	0.95	-0.79	0.28	-0.44	0.87	-0.46	0.01	0.79	0.79	0.99	-0.43	0.57		-0.2	0.83	-0.76	-0.87	0.79	0.75	0.68
Other Stockholder Equity	0.09	-0.2	-0.08	-0.2	0.35	-0.28	-0.35	0.26	0.09	0.6	-0.27	0.6	0.91	-0.28	-0.2	-0.21	0.61	-0.21	-0.2		-0.13	0.09	0.11	-0.31	-0.31	-0.29
Other Current Assets	0.74	0.83	-0.08	0.78	-0.62	0.86	0.78	-0.82	0.35	-0.41	0.86	-0.42	0.04	0.78	0.87	0.8	-0.38	0.69	0.83	-0.13		-0.5	-0.59	0.84	0.8	0.81
Short Term Investments	-0.57	-0.76	0.31	-0.84	0.76	-0.64	-0.77	0.51	-0.07	0.26	-0.64	0.29	-0.08	-0.57	-0.57	-0.83	0.25	-0.18	-0.76	0.09	-0.5		0.59	-0.4	-0.34	-0.39
Net Tangible Assets	-0.4	-0.87	0.17	-0.83	0.86	-0.53	-0.79	0.5	-0.17	0.34	-0.54	0.36	-0.03	-0.47	-0.45	-0.81	0.33	-0.28	-0.87	0.11	-0.59	0.59		-0.56	-0.44	-0.28
Other Assets	0.62	0.79	0.18	0.76	-0.67	0.89	0.82	-0.9	0.44	-0.63	0.89	-0.64	-0.15	0.88	0.81	0.77	-0.61	0.85	0.79	-0.31	0.84	-0.4	-0.56		0.91	0.85
Property Plant Equipment	0.74	0.75	0.16	0.72	-0.56	0.92	0.75	-0.87	0.46	-0.5	0.92	-0.51	-0.09	0.87	0.86	0.74	-0.48	0.89	0.75	-0.31	0.8	-0.34	-0.44	0.91		0.96
Net Invested Capital	0.78	0.68	0.11	0.67	-0.46	0.93	0.69	-0.85	0.4	-0.46	0.93	-0.47	-0.09	0.88	0.89	0.7	-0.44	0.85	0.68	-0.29	0.81	-0.39	-0.28	0.85	0.96

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Sandfire Resources Account Relationship Matchups

Sandfire Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	9.5M	22.4M	20.6M	22.6M	25.8M	27.1M
Short Long Term Debt Total	6.9M	153.2K	14.1M	25.6M	29.5M	30.9M
Other Current Liab	1.2M	499.6K	1.0M	175K	97.6K	92.7K
Total Current Liabilities	8.7M	995.7K	15.9M	27.9M	44.9M	47.1M
Total Stockholder Equity	640.7K	18.9M	2.4M	(8.1M)	(21.9M)	(20.8M)
Property Plant And Equipment Net	9.1M	17.3M	18.9M	20.7M	23.6M	24.7M
Net Debt	6.7M	(4.0M)	14.0M	25.5M	39.4M	41.4M
Retained Earnings	(117.8M)	(128.8M)	(147.8M)	(161.8M)	(171.1M)	(162.6M)
Accounts Payable	632.9K	452.0K	806.6K	413.9K	601.4K	405.3K
Cash	213.4K	4.2M	94.5K	119.3K	570.5K	542.0K
Non Current Assets Total	9.1M	17.9M	20.0M	21.9M	24.8M	26.0M
Cash And Short Term Investments	213.4K	4.2M	94.5K	119.3K	137.2K	130.3K
Common Stock Shares Outstanding	872.5M	926.6M	1.0B	1.0B	1.2B	1.2B
Liabilities And Stockholders Equity	9.5M	22.4M	20.6M	22.6M	26.0M	27.3M
Non Current Liabilities Total	124.8K	2.5M	2.4M	2.8M	2.8M	3.0M
Total Liab	8.8M	3.5M	18.2M	30.7M	47.7M	50.1M
Total Current Assets	362.6K	4.5M	615.4K	742.5K	1.1M	1.0M
Common Stock	110.0M	140.1M	141.9M	144.8M	166.5M	83.8M
Short Term Debt	6.8M	44.2K	14.0M	25.5M	29.4M	30.8M
Other Stockholder Equity	8.1M	8.0M	8.2M	8.1M	7.3M	12.0M
Accumulated Other Comprehensive Income	417.6K	(382.4K)	6.4K	667.3K	600.6K	341.5K
Other Current Assets	16.3K	220.5K	520.8K	623.2K	488.7K	513.1K
Net Tangible Assets	640.7K	18.9M	2.4M	(8.1M)	(7.3M)	(7.0M)
Property Plant Equipment	9.1M	17.3M	18.9M	20.7M	23.8M	12.0M
Net Invested Capital	7.4M	18.9M	16.4M	17.4M	18.1M	14.1M
Net Working Capital	(8.3M)	3.5M	(15.3M)	(27.2M)	(43.8M)	(41.6M)
Capital Stock	110.0M	140.1M	141.9M	144.8M	140.1M	143.2M

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