Scorpio Net Receivables vs Current Deferred Revenue Analysis

SGN Stock

CAD 0.11 0.02 15.38%

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

Net Receivables vs Current Deferred Revenue

Net Receivables vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Scorpio Gold Corp Net Receivables account and Current Deferred Revenue. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Scorpio Gold's Net Receivables and Current Deferred Revenue is 0.47. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Scorpio Gold Corp, assuming nothing else is changed. The correlation between historical values of Scorpio Gold's Net Receivables and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Scorpio Gold Corp are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Net Receivables i.e., Scorpio Gold's Net Receivables and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.47

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Receivables

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Most indicators from Scorpio Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Scorpio Gold Corp 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 Scorpio Gold Corp. 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 climb to about 1.2 M in 2024, whereas Tax Provision is likely to drop 1,710 in 2024.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	6.8M	3.0M	3.5M	3.3M
Interest Expense	744.3K	537.4K	751.8K	518.1K

Other Operating Expenses Interest Expense

Scorpio Gold fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Accounts Payable	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Total Current Assets	Retained Earnings	Net Receivables	Other Stockholder Equity	Short Long Term Debt Total	Other Current Liab	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Short Term Debt	Inventory	Other Liab	Net Tangible Assets	Current Deferred Revenue	Other Assets
Total Assets		0.77	0.98	0.77	0.7	0.37	0.36	-0.23	0.51	0.85	0.73	0.64	0.7	0.8	0.86	-0.33	0.95	0.95	0.33	0.66	0.54	0.74	-0.29	0.68	0.58	0.35
Total Current Liabilities	0.77		0.74	0.8	0.67	0.14	0.29	-0.09	0.41	0.84	0.6	0.45	0.45	0.6	0.82	-0.13	0.71	0.71	0.26	0.41	0.8	0.63	-0.41	0.44	0.57	0.24
Total Stockholder Equity	0.98	0.74		0.72	0.7	0.39	0.42	-0.38	0.51	0.78	0.73	0.71	0.71	0.85	0.8	-0.45	0.95	0.94	0.24	0.57	0.53	0.73	-0.34	0.74	0.62	0.46
Net Debt	0.77	0.8	0.72		0.5	-0.06	-0.09	-0.05	0.32	0.81	0.47	0.5	0.56	0.51	0.95	-0.19	0.78	0.78	0.37	0.57	0.68	0.58	-0.44	0.49	0.54	0.09
Accounts Payable	0.7	0.67	0.7	0.5		0.45	0.65	-0.35	0.43	0.79	0.86	0.47	0.25	0.41	0.6	-0.28	0.54	0.52	0.22	0.66	0.13	0.91	-0.3	0.43	0.58	0.39
Cash	0.37	0.14	0.39	-0.06	0.45		0.65	-0.43	0.31	0.39	0.55	0.15	0.16	0.07	0.22	-0.16	0.24	0.23	-0.46	0.5	-0.13	0.46	0.02	0.14	0.21	0.67
Cash And Short Term Investments	0.36	0.29	0.42	-0.09	0.65	0.65		-0.41	0.17	0.35	0.62	0.2	0.03	0.38	0.08	-0.25	0.21	0.19	-0.25	0.29	-0.07	0.56	0.01	0.18	0.21	0.55
Common Stock Shares Outstanding	-0.23	-0.09	-0.38	-0.05	-0.35	-0.43	-0.41		-0.14	-0.04	-0.37	-0.66	-0.25	-0.25	-0.1	0.62	-0.27	-0.17	0.58	0.05	0.0	-0.37	0.58	-0.56	-0.59	-0.87
Other Current Assets	0.51	0.41	0.51	0.32	0.43	0.31	0.17	-0.14		0.44	0.76	0.33	-0.1	0.4	0.4	-0.22	0.32	0.32	0.16	0.33	0.24	0.64	-0.18	0.39	0.33	0.2
Total Liab	0.85	0.84	0.78	0.81	0.79	0.39	0.35	-0.04	0.44		0.75	0.32	0.45	0.47	0.91	-0.16	0.73	0.75	0.31	0.84	0.48	0.8	-0.24	0.32	0.45	0.2
Total Current Assets	0.73	0.6	0.73	0.47	0.86	0.55	0.62	-0.37	0.76	0.75		0.48	0.1	0.5	0.6	-0.3	0.51	0.49	0.08	0.65	0.16	0.97	-0.28	0.47	0.53	0.45
Retained Earnings	0.64	0.45	0.71	0.5	0.47	0.15	0.2	-0.66	0.33	0.32	0.48		0.56	0.64	0.5	-0.34	0.71	0.63	0.01	0.09	0.32	0.51	-0.53	0.98	0.85	0.61
Net Receivables	0.7	0.45	0.71	0.56	0.25	0.16	0.03	-0.25	-0.1	0.45	0.1	0.56		0.6	0.59	-0.29	0.86	0.85	0.19	0.29	0.48	0.15	-0.3	0.6	0.47	0.29
Other Stockholder Equity	0.8	0.6	0.85	0.51	0.41	0.07	0.38	-0.25	0.4	0.47	0.5	0.64	0.6		0.51	-0.43	0.82	0.8	0.31	0.18	0.58	0.46	-0.2	0.71	0.44	0.28
Short Long Term Debt Total	0.86	0.82	0.8	0.95	0.6	0.22	0.08	-0.1	0.4	0.91	0.6	0.5	0.59	0.51		-0.17	0.82	0.83	0.26	0.71	0.63	0.68	-0.4	0.49	0.56	0.24
Other Current Liab	-0.33	-0.13	-0.45	-0.19	-0.28	-0.16	-0.25	0.62	-0.22	-0.16	-0.3	-0.34	-0.29	-0.43	-0.17		-0.36	-0.31	0.16	-0.1	-0.18	-0.32	0.38	-0.31	-0.19	-0.49
Property Plant And Equipment Net	0.95	0.71	0.95	0.78	0.54	0.24	0.21	-0.27	0.32	0.73	0.51	0.71	0.86	0.82	0.82	-0.36		0.99	0.32	0.51	0.6	0.54	-0.32	0.75	0.6	0.35
Non Current Assets Total	0.95	0.71	0.94	0.78	0.52	0.23	0.19	-0.17	0.32	0.75	0.49	0.63	0.85	0.8	0.83	-0.31	0.99		0.38	0.55	0.61	0.52	-0.26	0.69	0.53	0.27
Non Currrent Assets Other	0.33	0.26	0.24	0.37	0.22	-0.46	-0.25	0.58	0.16	0.31	0.08	0.01	0.19	0.31	0.26	0.16	0.32	0.38		0.27	0.13	0.14	0.29	0.14	-0.02	-0.66
Non Current Liabilities Total	0.66	0.41	0.57	0.57	0.66	0.5	0.29	0.05	0.33	0.84	0.65	0.09	0.29	0.18	0.71	-0.1	0.51	0.55	0.27		0.02	0.71	0.01	0.09	0.19	0.08
Short Term Debt	0.54	0.8	0.53	0.68	0.13	-0.13	-0.07	0.0	0.24	0.48	0.16	0.32	0.48	0.58	0.63	-0.18	0.6	0.61	0.13	0.02		0.16	-0.34	0.34	0.33	0.16
Inventory	0.74	0.63	0.73	0.58	0.91	0.46	0.56	-0.37	0.64	0.8	0.97	0.51	0.15	0.46	0.68	-0.32	0.54	0.52	0.14	0.71	0.16		-0.32	0.47	0.57	0.43
Other Liab	-0.29	-0.41	-0.34	-0.44	-0.3	0.02	0.01	0.58	-0.18	-0.24	-0.28	-0.53	-0.3	-0.2	-0.4	0.38	-0.32	-0.26	0.29	0.01	-0.34	-0.32		-0.42	-0.6	-0.43
Net Tangible Assets	0.68	0.44	0.74	0.49	0.43	0.14	0.18	-0.56	0.39	0.32	0.47	0.98	0.6	0.71	0.49	-0.31	0.75	0.69	0.14	0.09	0.34	0.47	-0.42		0.8	0.52
Current Deferred Revenue	0.58	0.57	0.62	0.54	0.58	0.21	0.21	-0.59	0.33	0.45	0.53	0.85	0.47	0.44	0.56	-0.19	0.6	0.53	-0.02	0.19	0.33	0.57	-0.6	0.8		0.55
Other Assets	0.35	0.24	0.46	0.09	0.39	0.67	0.55	-0.87	0.2	0.2	0.45	0.61	0.29	0.28	0.24	-0.49	0.35	0.27	-0.66	0.08	0.16	0.43	-0.43	0.52	0.55

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Scorpio Gold Account Relationship Matchups

Scorpio Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	15.5M	19.0M	13.8M	14.4M	14.7M	21.4M
Total Current Liabilities	529K	635K	1.1M	1.2M	6.3M	5.1M
Total Stockholder Equity	9.7M	10.5M	6.5M	4.8M	2.8M	2.6M
Net Debt	(2.2M)	(4.1M)	171.0K	2.7M	4.2M	2.2M
Accounts Payable	524K	635K	622.5K	664.9K	598.4K	568.5K
Cash	2.2M	4.1M	279.0K	331.9K	294.8K	280.1K
Cash And Short Term Investments	2.2M	4.1M	279.0K	331.9K	294.8K	280.1K
Liabilities And Stockholders Equity	15.5M	19.0M	13.8M	14.4M	14.7M	21.4M
Other Current Assets	562.8K	624.3K	476.2K	466.2K	419.6K	398.6K
Total Liab	5.8M	8.4M	7.3M	9.6M	11.9M	11.7M
Total Current Assets	4.0M	5.8M	799.5K	737.9K	665.7K	632.4K
Retained Earnings	(55.1M)	(56.6M)	(61.2M)	(63.4M)	(65.7M)	(62.4M)
Net Receivables	389K	23K	143.8K	61.9K	32.8K	31.1K
Other Stockholder Equity	6.8M	6.8M	6.8M	72.6K	65.4K	62.1K
Short Long Term Debt Total	6.1M	6.1M	450K	3.1M	4.5M	4.7M
Property Plant And Equipment Net	5.2M	5.6M	5.3M	5.9M	5.8M	5.5M
Non Current Assets Total	11.4M	13.2M	13.0M	13.7M	14.0M	18.2M
Non Currrent Assets Other	(1.8M)	(2.1M)	7.7M	7.8M	8.2M	8.6M
Non Current Liabilities Total	5.3M	7.8M	6.3M	8.4M	5.6M	7.4M
Short Term Debt	6.1M	6.1M	450K	531K	4.5M	2.8M
Accumulated Other Comprehensive Income	6.5M	6.9M	6.9M	7.2M	7.2M	6.5M
Inventory	973K	1.1M	(99.5K)	(122.1K)	(109.9K)	(104.4K)
Other Liab	4.9M	5.3M	7.8M	6.3M	7.2M	6.2M
Net Tangible Assets	9.0M	9.7M	10.5M	6.5M	5.8M	5.5M
Short Long Term Debt	6.1M	6.1M	450K	531K	4.5M	2.8M
Property Plant Equipment	7.9M	5.2M	5.6M	5.3M	4.7M	9.4M
Net Invested Capital	9.7M	10.5M	6.9M	7.9M	7.2M	8.3M
Net Working Capital	3.5M	5.1M	(273K)	(502.2K)	(5.7M)	(5.4M)

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