| STA Stock | | | CAD 0.03 0.01 25.00% |
Sanatana Resources financial indicator trend analysis is much more than just breaking down Sanatana Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sanatana Resources is a good investment. Please check the relationship between Sanatana Resources Net Working Capital and its Total Assets accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Sanatana 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.
Net Working Capital vs Total Assets
Net Working Capital vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sanatana Resources Net Working Capital account and
Total Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Sanatana Resources' Net Working Capital and Total Assets is -0.01. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Total Assets in the same time period over historical financial statements of Sanatana Resources, assuming nothing else is changed. The correlation between historical values of Sanatana Resources' Net Working Capital and Total 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 Net Working Capital of Sanatana Resources are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Working Capital i.e., Sanatana Resources' Net Working Capital and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.01 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Working Capital
Total Assets
Total assets refers to the total amount of Sanatana Resources assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Sanatana Resources books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Sanatana Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sanatana 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 Sanatana 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, Sanatana Resources'
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 6.5
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 349.6
K in 2024.
Sanatana Resources fundamental ratios Correlations
Click cells to compare fundamentals
Sanatana Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sanatana Resources fundamental ratios Accounts
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Additional Tools for Sanatana Stock Analysis
When running Sanatana Resources' price analysis, check to
measure Sanatana 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 Sanatana Resources is operating at the current time. Most of Sanatana Resources' value examination focuses on studying past and present price action to
predict the probability of Sanatana Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sanatana Resources' price. Additionally, you may evaluate how the addition of Sanatana Resources to your portfolios can decrease your overall portfolio volatility.