TAG Capital Expenditures vs Change To Inventory Analysis

TAO Stock  CAD 0.15  0.01  6.25%   
TAG Oil financial indicator trend analysis is much more than just breaking down TAG Oil prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TAG Oil is a good investment. Please check the relationship between TAG Oil Capital Expenditures and its Change To Inventory accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TAG Oil. 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.

Capital Expenditures vs Change To Inventory

Capital Expenditures vs Change To Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TAG Oil Capital Expenditures account and Change To Inventory. At this time, the significance of the direction appears to have very week relationship.
The correlation between TAG Oil's Capital Expenditures and Change To Inventory is 0.23. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of TAG Oil, assuming nothing else is changed. The correlation between historical values of TAG Oil's Capital Expenditures and Change To Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of TAG Oil are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Capital Expenditures i.e., TAG Oil's Capital Expenditures and Change To Inventory go up and down completely randomly.

Correlation Coefficient

0.23
Relationship DirectionPositive 
Relationship StrengthVery Weak

Capital Expenditures

Capital Expenditures are funds used by TAG Oil to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of TAG Oil operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.
Most indicators from TAG Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TAG Oil 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 TAG Oil. 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, TAG Oil's Issuance Of Capital Stock is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 7.10 in 2024, whereas Selling General Administrative is likely to drop slightly above 4.5 M in 2024.
 2021 2022 2023 2024 (projected)
Total Operating Expenses4.2M6.7M6.0M5.7M
Cost Of Revenue122K164K147.6K140.2K

TAG Oil fundamental ratios Correlations

0.740.931.00.950.980.960.94-0.010.98-0.2-0.080.850.91-0.540.95-0.740.960.95-0.82-0.940.410.730.961.0-0.72
0.740.880.690.890.730.590.88-0.430.810.460.60.520.81-0.540.89-0.40.860.89-0.77-0.55-0.050.720.620.7-0.81
0.930.880.90.980.890.830.99-0.170.940.090.210.830.98-0.50.98-0.720.970.99-0.77-0.820.260.690.840.91-0.84
1.00.690.90.930.980.970.910.030.97-0.25-0.140.840.88-0.520.93-0.730.940.92-0.81-0.940.440.720.971.0-0.68
0.950.890.980.930.940.880.99-0.20.970.020.170.810.95-0.581.0-0.70.991.0-0.84-0.840.250.780.890.93-0.85
0.980.730.890.980.940.960.930.020.97-0.23-0.090.830.87-0.610.94-0.730.950.93-0.88-0.90.440.830.970.99-0.68
0.960.590.830.970.880.960.860.060.94-0.4-0.280.840.83-0.470.88-0.750.890.87-0.74-0.920.450.660.980.97-0.65
0.940.880.990.910.990.930.86-0.120.950.030.170.850.98-0.560.99-0.750.981.0-0.83-0.830.320.770.870.92-0.83
-0.01-0.43-0.170.03-0.20.020.06-0.12-0.19-0.45-0.510.26-0.040.07-0.2-0.25-0.21-0.19-0.070.020.890.04-0.040.030.59
0.980.810.940.970.970.970.940.95-0.19-0.110.030.770.89-0.520.97-0.660.980.97-0.81-0.890.240.750.960.97-0.8
-0.20.460.09-0.250.02-0.23-0.40.03-0.45-0.110.98-0.360.010.020.020.43-0.040.04-0.060.4-0.490.02-0.4-0.25-0.11
-0.080.60.21-0.140.17-0.09-0.280.17-0.510.030.98-0.240.13-0.130.170.310.110.19-0.190.29-0.480.18-0.26-0.13-0.26
0.850.520.830.840.810.830.840.850.260.77-0.36-0.240.91-0.490.81-0.970.810.81-0.64-0.850.640.590.820.85-0.63
0.910.810.980.880.950.870.830.98-0.040.890.010.130.91-0.50.95-0.820.940.96-0.75-0.820.380.670.820.89-0.8
-0.54-0.54-0.5-0.52-0.58-0.61-0.47-0.560.07-0.520.02-0.13-0.49-0.5-0.580.48-0.61-0.560.690.58-0.21-0.69-0.52-0.520.45
0.950.890.980.931.00.940.880.99-0.20.970.020.170.810.95-0.58-0.70.991.0-0.84-0.840.250.780.890.93-0.85
-0.74-0.4-0.72-0.73-0.7-0.73-0.75-0.75-0.25-0.660.430.31-0.97-0.820.48-0.7-0.71-0.710.470.8-0.6-0.48-0.74-0.740.6
0.960.860.970.940.990.950.890.98-0.210.98-0.040.110.810.94-0.610.99-0.710.99-0.83-0.890.240.770.920.95-0.85
0.950.890.990.921.00.930.871.0-0.190.970.040.190.810.96-0.561.0-0.710.99-0.83-0.830.250.770.880.93-0.85
-0.82-0.77-0.77-0.81-0.84-0.88-0.74-0.83-0.07-0.81-0.06-0.19-0.64-0.750.69-0.840.47-0.83-0.830.65-0.44-0.94-0.75-0.820.49
-0.94-0.55-0.82-0.94-0.84-0.9-0.92-0.830.02-0.890.40.29-0.85-0.820.58-0.840.8-0.89-0.830.65-0.37-0.57-0.94-0.930.7
0.41-0.050.260.440.250.440.450.320.890.24-0.49-0.480.640.38-0.210.25-0.60.240.25-0.44-0.370.420.380.450.18
0.730.720.690.720.780.830.660.770.040.750.020.180.590.67-0.690.78-0.480.770.77-0.94-0.570.420.70.75-0.48
0.960.620.840.970.890.970.980.87-0.040.96-0.4-0.260.820.82-0.520.89-0.740.920.88-0.75-0.940.380.70.97-0.71
1.00.70.911.00.930.990.970.920.030.97-0.25-0.130.850.89-0.520.93-0.740.950.93-0.82-0.930.450.750.97-0.68
-0.72-0.81-0.84-0.68-0.85-0.68-0.65-0.830.59-0.8-0.11-0.26-0.63-0.80.45-0.850.6-0.85-0.850.490.70.18-0.48-0.71-0.68
Click cells to compare fundamentals

TAG Oil Account Relationship Matchups

TAG Oil fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets57.3M20.5M18.2M41.1M37.0M58.2M
Total Current Liabilities777K479K525K1.7M1.6M2.5M
Total Stockholder Equity56.3M20.0M17.2M39.0M35.1M50.2M
Net Tangible Assets61.1M56.3M20.0M17.2M15.5M14.7M
Retained Earnings(209.0M)(220.9M)(224.0M)(227.0M)(204.3M)(214.5M)
Accounts Payable604K353K400K632K568.8K540.4K
Cash41.5M15.9M13.3M19.5M22.4M18.1M
Non Current Assets Total12.8M3.0M2.3M17.8M16.0M15.2M
Non Currrent Assets Other6.4M116K115K8.3M7.5M9.6M
Other Assets68.6M339K116K115K103.5K98.3K
Net Receivables408K359K273K1.0M922.5K1.8M
Common Stock Shares Outstanding85.4M91.7M91.8M155.7M179.0M106.9M
Non Current Liabilities Total172.2K26K454K304K273.6K259.9K
Other Stockholder Equity33.9M21.1M21.4M21.6M19.5M23.0M
Total Liab949.0K505K979K2.0M1.8M1.7M
Long Term Investments26.2K2.8M1.6M2.3M2.7M2.8M
Total Current Assets44.4M17.5M15.9M23.3M21.0M17.0M
Property Plant Equipment6.8M6.3M113K576K518.4K492.5K
Net Invested Capital56.3M20.0M17.2M39.0M35.1M42.8M
Net Working Capital43.7M17.0M15.4M21.6M24.8M18.5M
Capital Stock244.2M219.6M219.6M243.4M219.1M187.4M

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Additional Tools for TAG Stock Analysis

When running TAG Oil's price analysis, check to measure TAG Oil's 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 TAG Oil is operating at the current time. Most of TAG Oil's value examination focuses on studying past and present price action to predict the probability of TAG Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TAG Oil's price. Additionally, you may evaluate how the addition of TAG Oil to your portfolios can decrease your overall portfolio volatility.