Starr Asset Turnover vs Total Current Liabilities Analysis

STE Stock

CAD 0.35 0.01 2.78%

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

Asset Turnover vs Total Current Liabilities

Asset Turnover vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Starr Peak Exploration Asset Turnover account and Total Current Liabilities. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Starr Peak's Asset Turnover and Total Current Liabilities is 0.11. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Starr Peak Exploration, assuming nothing else is changed. The correlation between historical values of Starr Peak's Asset Turnover and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Starr Peak Exploration are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Asset Turnover i.e., Starr Peak's Asset Turnover and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.11

Relationship Direction	Positive
Relationship Strength	Insignificant

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Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Total Current Liabilities

Total Current Liabilities is an item on Starr Peak balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Starr Peak Exploration are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from Starr Peak's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Starr Peak Exploration 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 Starr Peak Exploration. 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, Starr Peak's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 31.5 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 5.4 M in 2024.

Starr Peak 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	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Cash	Cash And Short Term Investments	Common Stock	Net Tangible Assets	Other Assets	Long Term Investments	Property Plant Equipment	Short Term Investments	Inventory
Total Assets		-0.15	-0.32	0.4	1.0	0.97	-0.69	-0.89	0.52	0.99	-0.11	0.63	0.89	0.87	0.4	0.73	-0.15	0.73	0.71	0.96	0.99	-0.56	-0.18	0.97	-0.61	0.53
Short Long Term Debt Total	-0.15		-0.16	-0.26	-0.13	-0.17	0.18	0.03	-0.23	-0.14	0.35	-0.21	0.06	-0.26	-0.26	-0.17	1.0	-0.17	-0.16	-0.08	-0.15	-0.2	-0.17	-0.16	-0.11	-0.77
Other Current Liab	-0.32	-0.16		0.28	-0.36	-0.43	-0.06	0.44	-0.08	-0.38	-0.62	-0.2	-0.62	-0.21	0.28	0.07	-0.16	0.03	0.08	-0.42	-0.34	0.28	-0.24	-0.44	0.81	0.04
Total Current Liabilities	0.4	-0.26	0.28		0.32	0.34	-0.3	-0.4	0.93	0.38	-0.37	0.85	0.15	0.5	1.0	0.36	-0.26	0.28	0.29	0.3	0.39	0.09	-0.07	0.34	0.07	0.35
Total Stockholder Equity	1.0	-0.13	-0.36	0.32		0.98	-0.68	-0.88	0.45	0.99	-0.08	0.58	0.91	0.85	0.32	0.72	-0.13	0.72	0.71	0.96	0.99	-0.58	-0.18	0.97	-0.64	0.51
Property Plant And Equipment Net	0.97	-0.17	-0.43	0.34	0.98		-0.57	-0.92	0.5	0.98	-0.1	0.61	0.94	0.86	0.34	0.61	-0.17	0.61	0.59	0.98	0.96	-0.6	-0.19	1.0	-0.68	0.57
Net Debt	-0.69	0.18	-0.06	-0.3	-0.68	-0.57		0.38	-0.28	-0.58	0.07	-0.43	-0.41	-0.61	-0.3	-0.99	0.18	-1.0	-0.99	-0.48	-0.74	0.1	-0.02	-0.57	0.38	-0.34
Retained Earnings	-0.89	0.03	0.44	-0.4	-0.88	-0.92	0.38		-0.57	-0.93	0.1	-0.63	-0.93	-0.81	-0.4	-0.43	0.03	-0.42	-0.4	-0.94	-0.87	0.49	0.19	-0.93	0.61	-0.45
Accounts Payable	0.52	-0.23	-0.08	0.93	0.45	0.5	-0.28	-0.57		0.52	-0.15	0.96	0.37	0.6	0.93	0.35	-0.23	0.27	0.27	0.45	0.51	0.03	0.04	0.5	-0.23	0.35
Non Current Assets Total	0.99	-0.14	-0.38	0.38	0.99	0.98	-0.58	-0.93	0.52		-0.1	0.62	0.93	0.86	0.38	0.62	-0.14	0.62	0.6	0.99	0.97	-0.6	-0.2	0.98	-0.62	0.53
Non Currrent Assets Other	-0.11	0.35	-0.62	-0.37	-0.08	-0.1	0.07	0.1	-0.15	-0.1		-0.05	0.08	-0.1	-0.37	-0.12	0.35	-0.07	-0.13	-0.09	-0.08	0.04	0.33	-0.1	-0.49	-0.55
Net Receivables	0.63	-0.21	-0.2	0.85	0.58	0.61	-0.43	-0.63	0.96	0.62	-0.05		0.48	0.72	0.85	0.49	-0.21	0.43	0.41	0.55	0.64	0.01	0.1	0.61	-0.4	0.34
Common Stock Shares Outstanding	0.89	0.06	-0.62	0.15	0.91	0.94	-0.41	-0.93	0.37	0.93	0.08	0.48		0.75	0.15	0.45	0.06	0.47	0.44	0.96	0.88	-0.66	-0.22	0.95	-0.77	0.35
Other Stockholder Equity	0.87	-0.26	-0.21	0.5	0.85	0.86	-0.61	-0.81	0.6	0.86	-0.1	0.72	0.75		0.5	0.65	-0.26	0.63	0.62	0.84	0.86	-0.31	-0.05	0.86	-0.49	0.43
Total Liab	0.4	-0.26	0.28	1.0	0.32	0.34	-0.3	-0.4	0.93	0.38	-0.37	0.85	0.15	0.5		0.36	-0.26	0.28	0.3	0.31	0.39	0.08	-0.07	0.34	0.07	0.35
Total Current Assets	0.73	-0.17	0.07	0.36	0.72	0.61	-0.99	-0.43	0.35	0.62	-0.12	0.49	0.45	0.65	0.36		-0.17	0.99	1.0	0.52	0.77	-0.15	-0.02	0.61	-0.37	0.35
Short Term Debt	-0.15	1.0	-0.16	-0.26	-0.13	-0.17	0.18	0.03	-0.23	-0.14	0.35	-0.21	0.06	-0.26	-0.26	-0.17		-0.17	-0.16	-0.08	-0.15	-0.2	-0.17	-0.16	-0.11	-0.77
Cash	0.73	-0.17	0.03	0.28	0.72	0.61	-1.0	-0.42	0.27	0.62	-0.07	0.43	0.47	0.63	0.28	0.99	-0.17		1.0	0.53	0.77	-0.18	-0.02	0.61	-0.4	0.35
Cash And Short Term Investments	0.71	-0.16	0.08	0.29	0.71	0.59	-0.99	-0.4	0.27	0.6	-0.13	0.41	0.44	0.62	0.3	1.0	-0.16	1.0		0.51	0.76	-0.17	-0.04	0.6	-0.36	0.35
Common Stock	0.96	-0.08	-0.42	0.3	0.96	0.98	-0.48	-0.94	0.45	0.99	-0.09	0.55	0.96	0.84	0.31	0.52	-0.08	0.53	0.51		0.93	-0.68	-0.26	0.98	-0.61	0.48
Net Tangible Assets	0.99	-0.15	-0.34	0.39	0.99	0.96	-0.74	-0.87	0.51	0.97	-0.08	0.64	0.88	0.86	0.39	0.77	-0.15	0.77	0.76	0.93		-0.51	-0.15	0.96	-0.65	0.51
Other Assets	-0.56	-0.2	0.28	0.09	-0.58	-0.6	0.1	0.49	0.03	-0.6	0.04	0.01	-0.66	-0.31	0.08	-0.15	-0.2	-0.18	-0.17	-0.68	-0.51		0.53	-0.6	0.31	-0.2
Long Term Investments	-0.18	-0.17	-0.24	-0.07	-0.18	-0.19	-0.02	0.19	0.04	-0.2	0.33	0.1	-0.22	-0.05	-0.07	-0.02	-0.17	-0.02	-0.04	-0.26	-0.15	0.53		-0.2	0.02	-0.1
Property Plant Equipment	0.97	-0.16	-0.44	0.34	0.97	1.0	-0.57	-0.93	0.5	0.98	-0.1	0.61	0.95	0.86	0.34	0.61	-0.16	0.61	0.6	0.98	0.96	-0.6	-0.2		-0.68	0.57
Short Term Investments	-0.61	-0.11	0.81	0.07	-0.64	-0.68	0.38	0.61	-0.23	-0.62	-0.49	-0.4	-0.77	-0.49	0.07	-0.37	-0.11	-0.4	-0.36	-0.61	-0.65	0.31	0.02	-0.68		-0.14
Inventory	0.53	-0.77	0.04	0.35	0.51	0.57	-0.34	-0.45	0.35	0.53	-0.55	0.34	0.35	0.43	0.35	0.35	-0.77	0.35	0.35	0.48	0.51	-0.2	-0.1	0.57	-0.14

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Starr Peak Account Relationship Matchups

Starr Peak fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.0M	23.6M	17.8M	18.2M	20.9M	22.0M
Other Current Liab	20.2K	552.2K	36.5K	79.0K	71.1K	67.5K
Total Current Liabilities	135.5K	1.9M	3.5M	638.0K	733.7K	805.8K
Total Stockholder Equity	5.9M	21.7M	14.4M	17.6M	20.2M	21.2M
Net Debt	(428.8K)	(5.3M)	(336.5K)	(1.1M)	(993.3K)	(943.7K)
Retained Earnings	(13.7M)	(24.1M)	(37.0M)	(38.7M)	(34.8M)	(33.1M)
Accounts Payable	115.3K	1.4M	3.4M	559.0K	642.9K	560.5K
Non Current Assets Total	0.0	5.6M	16.8M	16.9M	19.4M	20.4M
Net Receivables	4.9K	284.2K	545.1K	97.3K	111.9K	65.4K
Common Stock Shares Outstanding	21.0M	33.6M	41.4M	47.8M	55.0M	57.8M
Liabilities And Stockholders Equity	6.0M	23.6M	17.8M	18.2M	20.9M	22.0M
Other Stockholder Equity	1.7M	(40K)	6.3M	6.0M	5.4M	4.1M
Total Liab	135.5K	1.9M	3.5M	638.0K	733.7K	813.4K
Total Current Assets	481.5K	6.8M	966.4K	1.3M	1.5M	1.6M
Accumulated Other Comprehensive Income	1.7M	2.0M	6.3M	6.0M	6.9M	7.3M
Cash	428.8K	5.3M	336.5K	1.1M	1.3M	1.3M
Cash And Short Term Investments	436.4K	5.3M	343.0K	1.1M	1.3M	1.3M
Common Stock	17.7M	39.5M	45.3M	50.2M	57.7M	60.6M
Net Tangible Assets	(125.9K)	5.9M	21.7M	14.4M	16.5M	17.3M
Short Term Investments	7.6K	8.3K	6.5K	9.5K	8.6K	8.1K
Other Current Assets	40.2K	1.2M	78.3K	129.3K	148.6K	210.0K
Net Invested Capital	5.9M	21.7M	14.4M	17.6M	20.2M	21.2M
Net Working Capital	346.0K	4.9M	(2.5M)	701.8K	807.1K	467.4K
Capital Stock	17.7M	39.5M	45.3M	50.2M	57.7M	32.1M

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