Sulliden Net Working Capital vs Net Invested Capital Analysis

SMC Stock

CAD 0.01 0.01 25.00%

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

Net Working Capital vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sulliden Minerals Net Working Capital account and Net Invested Capital. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Sulliden Minerals' Net Working Capital and Net Invested Capital is 0.82. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Sulliden Minerals SA, assuming nothing else is changed. The correlation between historical values of Sulliden Minerals' Net Working Capital and Net Invested Capital 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 Working Capital of Sulliden Minerals SA are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Net Working Capital i.e., Sulliden Minerals' Net Working Capital and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Working Capital

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Most indicators from Sulliden Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sulliden Minerals 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 Sulliden Minerals SA. 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.

As of the 23rd of November 2024, Selling General Administrative is likely to grow to about 2.6 M, while Issuance Of Capital Stock is likely to drop 0.00.

	2021	2022	2023	2024 (projected)
Interest Income	26.4K	20.2K	18.2K	17.3K
Net Interest Income	26.4K	19.2K	17.3K	16.4K

Interest Income Net Interest Income

Sulliden Minerals fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Current Assets	Common Stock	Property Plant Equipment	Other Current Liab	Total Current Liabilities	Accounts Payable	Non Currrent Assets Other	Net Receivables	Short Term Investments	Other Current Assets	Total Liab	Common Stock Total Equity	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		1.0	0.96	-0.06	-0.74	0.29	0.73	0.79	0.88	-0.31	0.48	0.88	0.31	-0.14	0.51	0.47	0.63	0.74	0.49	0.13	0.29	0.47	-0.3	0.53	0.3	-0.34
Total Stockholder Equity	1.0		0.95	-0.08	-0.74	0.31	0.73	0.79	0.88	-0.33	0.5	0.88	0.29	-0.16	0.48	0.44	0.6	0.74	0.47	0.15	0.29	0.44	-0.31	0.54	0.32	-0.35
Net Tangible Assets	0.96	0.95		0.1	-0.68	0.12	0.7	0.78	0.83	-0.07	0.49	0.83	0.42	0.02	0.58	0.54	0.63	0.74	0.39	-0.08	0.37	0.54	-0.11	0.36	0.06	-0.17
Property Plant And Equipment Net	-0.06	-0.08	0.1		0.11	-0.88	-0.01	-0.2	0.06	0.83	-0.19	0.07	0.8	1.0	0.54	0.62	0.36	-0.18	0.15	-0.86	0.11	0.62	0.71	-0.78	-0.78	0.74
Net Debt	-0.74	-0.74	-0.68	0.11		-0.37	-0.99	-0.43	-0.78	0.41	-0.65	-0.77	-0.11	0.16	-0.33	-0.28	-0.45	-0.4	-0.29	-0.37	0.13	-0.28	0.35	-0.45	-0.44	0.42
Retained Earnings	0.29	0.31	0.12	-0.88	-0.37		0.27	0.43	0.11	-0.9	0.18	0.1	-0.72	-0.87	-0.26	-0.36	-0.04	0.4	-0.06	0.91	-0.31	-0.36	-0.71	0.94	0.88	-0.85
Cash	0.73	0.73	0.7	-0.01	-0.99	0.27		0.42	0.78	-0.31	0.66	0.77	0.19	-0.07	0.36	0.32	0.46	0.39	0.31	0.27	-0.09	0.32	-0.29	0.37	0.35	-0.31
Non Current Assets Total	0.79	0.79	0.78	-0.2	-0.43	0.43	0.42		0.41	-0.24	0.11	0.41	0.16	-0.25	0.47	0.43	0.54	0.99	0.16	0.08	0.32	0.43	-0.24	0.67	0.18	-0.27
Cash And Short Term Investments	0.88	0.88	0.83	0.06	-0.78	0.11	0.78	0.41		-0.28	0.65	1.0	0.32	-0.02	0.39	0.35	0.5	0.34	0.56	0.14	0.17	0.35	-0.26	0.28	0.31	-0.3
Common Stock Shares Outstanding	-0.31	-0.33	-0.07	0.83	0.41	-0.9	-0.31	-0.24	-0.28		-0.19	-0.27	0.64	0.84	0.26	0.35	-0.01	-0.2	-0.19	-0.95	0.29	0.35	0.86	-0.85	-0.99	0.91
Other Stockholder Equity	0.48	0.5	0.49	-0.19	-0.65	0.18	0.66	0.11	0.65	-0.19		0.63	-0.11	-0.25	-0.24	-0.26	-0.2	0.04	0.0	0.29	-0.05	-0.26	-0.18	0.18	0.22	-0.18
Total Current Assets	0.88	0.88	0.83	0.07	-0.77	0.1	0.77	0.41	1.0	-0.27	0.63		0.34	-0.01	0.4	0.37	0.52	0.34	0.6	0.13	0.2	0.37	-0.26	0.27	0.3	-0.3
Common Stock	0.31	0.29	0.42	0.8	-0.11	-0.72	0.19	0.16	0.32	0.64	-0.11	0.34		0.76	0.68	0.74	0.54	0.2	0.45	-0.8	0.55	0.74	0.53	-0.52	-0.63	0.62
Property Plant Equipment	-0.14	-0.16	0.02	1.0	0.16	-0.87	-0.07	-0.25	-0.02	0.84	-0.25	-0.01	0.76		0.51	0.58	0.32	-0.22	0.1	-0.85	0.06	0.58	0.72	-0.79	-0.78	0.75
Other Current Liab	0.51	0.48	0.58	0.54	-0.33	-0.26	0.36	0.47	0.39	0.26	-0.24	0.4	0.68	0.51		0.99	0.95	0.49	0.45	-0.45	0.21	0.99	0.24	-0.05	-0.25	0.18
Total Current Liabilities	0.47	0.44	0.54	0.62	-0.28	-0.36	0.32	0.43	0.35	0.35	-0.26	0.37	0.74	0.58	0.99		0.92	0.45	0.45	-0.54	0.25	1.0	0.3	-0.13	-0.33	0.29
Accounts Payable	0.63	0.6	0.63	0.36	-0.45	-0.04	0.46	0.54	0.5	-0.01	-0.2	0.52	0.54	0.32	0.95	0.92		0.55	0.57	-0.21	0.15	0.92	-0.03	0.18	0.03	-0.09
Non Currrent Assets Other	0.74	0.74	0.74	-0.18	-0.4	0.4	0.39	0.99	0.34	-0.2	0.04	0.34	0.2	-0.22	0.49	0.45	0.55		0.16	0.03	0.35	0.45	-0.21	0.64	0.14	-0.22
Net Receivables	0.49	0.47	0.39	0.15	-0.29	-0.06	0.31	0.16	0.56	-0.19	0.0	0.6	0.45	0.1	0.45	0.45	0.57	0.16		0.0	0.33	0.45	-0.17	0.09	0.24	-0.16
Short Term Investments	0.13	0.15	-0.08	-0.86	-0.37	0.91	0.27	0.08	0.14	-0.95	0.29	0.13	-0.8	-0.85	-0.45	-0.54	-0.21	0.03	0.0		-0.47	-0.54	-0.77	0.78	0.96	-0.85
Other Current Assets	0.29	0.29	0.37	0.11	0.13	-0.31	-0.09	0.32	0.17	0.29	-0.05	0.2	0.55	0.06	0.21	0.25	0.15	0.35	0.33	-0.47		0.25	0.18	-0.15	-0.36	0.26
Total Liab	0.47	0.44	0.54	0.62	-0.28	-0.36	0.32	0.43	0.35	0.35	-0.26	0.37	0.74	0.58	0.99	1.0	0.92	0.45	0.45	-0.54	0.25		0.3	-0.13	-0.33	0.29
Common Stock Total Equity	-0.3	-0.31	-0.11	0.71	0.35	-0.71	-0.29	-0.24	-0.26	0.86	-0.18	-0.26	0.53	0.72	0.24	0.3	-0.03	-0.21	-0.17	-0.77	0.18	0.3		-0.72	-0.81	0.86
Net Invested Capital	0.53	0.54	0.36	-0.78	-0.45	0.94	0.37	0.67	0.28	-0.85	0.18	0.27	-0.52	-0.79	-0.05	-0.13	0.18	0.64	0.09	0.78	-0.15	-0.13	-0.72		0.82	-0.79
Net Working Capital	0.3	0.32	0.06	-0.78	-0.44	0.88	0.35	0.18	0.31	-0.99	0.22	0.3	-0.63	-0.78	-0.25	-0.33	0.03	0.14	0.24	0.96	-0.36	-0.33	-0.81	0.82		-0.9
Capital Stock	-0.34	-0.35	-0.17	0.74	0.42	-0.85	-0.31	-0.27	-0.3	0.91	-0.18	-0.3	0.62	0.75	0.18	0.29	-0.09	-0.22	-0.16	-0.85	0.26	0.29	0.86	-0.79	-0.9

Click cells to compare fundamentals

Sulliden Minerals Account Relationship Matchups

Sulliden Minerals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	15.6M	13.4M	9.1M	3.5M	3.1M	3.0M
Total Stockholder Equity	14.6M	12.9M	8.4M	2.7M	2.4M	2.3M
Net Tangible Assets	12.8M	14.6M	12.0M	8.4M	7.6M	13.2M
Property Plant And Equipment Net	141.4K	225.8K	778.2K	1.1M	1.3M	1.4M
Net Debt	(205.0K)	(201.2K)	36.8K	55.9K	64.3K	67.5K
Retained Earnings	(14.4M)	(16.0M)	(29.0M)	(34.5M)	(31.1M)	(29.5M)
Cash	205.0K	201.2K	163.2K	35.1K	31.6K	30.0K
Cash And Short Term Investments	13.5M	11.9M	8.2M	3.4M	3.0M	2.9M
Common Stock Shares Outstanding	52.7M	60.6M	96.1M	128.3M	147.5M	154.9M
Liabilities And Stockholders Equity	15.6M	13.4M	9.1M	3.5M	3.1M	3.0M
Other Stockholder Equity	1.4M	723.6K	623.6K	2.1M	1.9M	1.8M
Total Current Assets	14.9M	12.3M	9.1M	3.5M	3.1M	3.0M
Accumulated Other Comprehensive Income	723.6K	623.6K	2.1M	2.0M	2.3M	2.4M
Property Plant Equipment	141.4K	225.8K	778.2K	1.1M	1.3M	1.4M
Other Current Liab	1.0M	520.4K	518.6K	673.3K	774.3K	797.1K
Total Current Liabilities	1.0M	520.9K	718.6K	764.3K	878.9K	833.3K
Accounts Payable	1.0K	520.92	518.56	439.01	395.11	559.35
Net Receivables	1.3M	337.1K	786.5K	23.9K	27.5K	26.1K
Short Term Investments	13.2M	11.7M	8.0M	3.3M	3.0M	2.8M
Other Current Assets	71.0K	42.2K	119.9K	93.0K	106.9K	103.5K
Total Liab	1.0M	520.9K	718.6K	764.3K	878.9K	833.3K
Net Invested Capital	14.6M	12.9M	8.6M	2.8M	2.5M	2.4M
Net Working Capital	13.8M	11.8M	8.4M	2.7M	2.4M	2.3M

Pair Trading with Sulliden Minerals

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sulliden Minerals position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sulliden Minerals will appreciate offsetting losses from the drop in the long position's value.

Moving against Sulliden Stock

0.4	ORE	Orezone Gold Corp	Pair Corr
0.37	INFM	Infinico Metals Corp	Pair Corr

The ability to find closely correlated positions to Sulliden Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sulliden Minerals when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sulliden Minerals - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sulliden Minerals SA to buy it.

The correlation of Sulliden Minerals is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sulliden Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sulliden Minerals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Sulliden Minerals can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Sulliden Stock

Balance Sheet is a snapshot of the financial position of Sulliden Minerals at a specified time, usually calculated after every quarter, six months, or one year. Sulliden Minerals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sulliden Minerals and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Sulliden currently owns. An asset can also be divided into two categories, current and non-current.

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Sulliden Net Working Capital vs Net Invested Capital Analysis

Net Working Capital vs Net Invested Capital

Net Working Capital vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Net Working Capital

Net Invested Capital

Sulliden Minerals fundamental ratios Correlations

Sulliden Minerals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sulliden Minerals fundamental ratios Accounts

Pair Trading with Sulliden Minerals

Moving against Sulliden Stock

Other Information on Investing in Sulliden Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Property Plant Equipment	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 1.0	Cash And Short Term Investments
Total Liab	+ 1.0	Total Current Liabilities
Non Currrent Assets Other	+ 0.99	Non Current Assets Total
Total Current Liabilities	+ 0.99	Other Current Liab

Net Working Capital	- 0.99	Common Stock Shares Outstanding
Cash	- 0.99	Net Debt
Short Term Investments	- 0.95	Common Stock Shares Outstanding
Capital Stock	- 0.9	Net Working Capital
Common Stock Shares Outstanding	- 0.9	Retained Earnings
Retained Earnings	- 0.88	Property Plant And Equipment Net