Talon Average Payables vs Ev To Sales Analysis

Stocks . Canada . 
Stock . Talon Metals Corp
TLO Stock  CAD 0.09  0.01  5.56%   
Talon Metals financial indicator trend analysis is much more than just breaking down Talon Metals Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Talon Metals Corp is a good investment. Please check the relationship between Talon Metals Average Payables and its Ev To Sales accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Talon Metals 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.

Average Payables vs Ev To Sales

Average Payables vs Ev To Sales Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Talon Metals Corp Average Payables account and Ev To Sales. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Talon Metals' Average Payables and Ev To Sales is -0.18. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of Talon Metals Corp, assuming nothing else is changed. The correlation between historical values of Talon Metals' Average Payables and Ev To Sales is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of Talon Metals Corp are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Average Payables i.e., Talon Metals' Average Payables and Ev To Sales go up and down completely randomly.

Correlation Coefficient

-0.18
Relationship DirectionNegative 
Relationship StrengthInsignificant

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.
Most indicators from Talon Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Talon Metals 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 Talon Metals 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.
At this time, Talon Metals' Issuance Of Capital Stock is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value is likely to grow to about 365 M, while Selling General Administrative is likely to drop about 506.7 K.
 2021 2022 2023 2024 (projected)
Interest Expense15.3K4.7M5.4M5.7M
Depreciation And Amortization13.9K36.1K50.5K53.0K

Talon Metals 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
Cash
Non Current Assets Total
Non Currrent Assets Other
Cash And Short Term Investments
Net Receivables
Common Stock Total Equity
Common Stock Shares Outstanding
Non Current Liabilities Total
Total Liab
Property Plant And Equipment Gross
Total Current Assets
Common Stock
Accounts Payable
Other Stockholder Equity
Short Term Investments
Other Current Assets
Inventory
Net Tangible Assets
Total Assets
0.110.75-0.080.990.99-0.33-0.620.30.99-0.250.65-0.190.850.94-0.45-0.170.990.620.980.980.870.89-0.12-0.190.93
Short Long Term Debt Total
0.11-0.01-0.050.120.03-0.29-0.340.450.05-0.040.40.210.360.090.4-0.10.030.490.180.050.160.040.21-0.550.04
Other Current Liab
0.75-0.01-0.060.740.77-0.13-0.310.030.78-0.260.17-0.030.580.64-0.21-0.090.750.160.70.740.50.45-0.06-0.230.67
Total Current Liabilities
-0.08-0.05-0.06-0.17-0.010.68-0.24-0.41-0.020.65-0.31-0.2-0.09-0.11-0.440.790.0-0.38-0.08-0.15-0.060.05-0.14-0.06-0.26
Total Stockholder Equity
0.990.120.74-0.170.97-0.44-0.560.360.98-0.30.7-0.160.850.94-0.42-0.280.970.650.970.990.860.87-0.16-0.160.96
Property Plant And Equipment Net
0.990.030.77-0.010.97-0.24-0.660.181.0-0.180.55-0.310.850.95-0.53-0.091.00.490.980.970.860.87-0.16-0.160.92
Net Debt
-0.33-0.29-0.130.68-0.44-0.24-0.08-0.88-0.270.46-0.74-0.3-0.38-0.39-0.090.92-0.24-0.61-0.34-0.38-0.29-0.220.31-0.15-0.55
Retained Earnings
-0.62-0.34-0.31-0.24-0.56-0.66-0.08-0.04-0.63-0.22-0.260.57-0.84-0.730.44-0.29-0.67-0.28-0.74-0.52-0.63-0.54-0.030.28-0.54
Cash
0.30.450.03-0.410.360.18-0.88-0.040.22-0.370.770.40.410.340.11-0.630.190.660.310.280.230.17-0.250.110.46
Non Current Assets Total
0.990.050.78-0.020.981.0-0.27-0.630.22-0.20.58-0.240.850.94-0.5-0.121.00.520.980.980.860.87-0.17-0.180.92
Non Currrent Assets Other
-0.25-0.04-0.260.65-0.3-0.180.46-0.22-0.37-0.2-0.4-0.2-0.06-0.15-0.450.48-0.17-0.48-0.18-0.28-0.18-0.12-0.160.01-0.31
Cash And Short Term Investments
0.650.40.17-0.310.70.55-0.74-0.260.770.58-0.40.190.570.61-0.11-0.520.570.910.630.660.690.69-0.22-0.080.68
Net Receivables
-0.190.21-0.03-0.2-0.16-0.31-0.30.570.4-0.24-0.20.19-0.28-0.340.46-0.25-0.320.19-0.29-0.15-0.31-0.230.0-0.12-0.23
Common Stock Total Equity
0.850.360.58-0.090.850.85-0.38-0.840.410.85-0.060.57-0.280.93-0.41-0.160.860.530.930.80.740.68-0.12-0.250.85
Common Stock Shares Outstanding
0.940.090.64-0.110.940.95-0.39-0.730.340.94-0.150.61-0.340.93-0.58-0.210.950.550.980.920.860.81-0.16-0.030.96
Non Current Liabilities Total
-0.450.4-0.21-0.44-0.42-0.53-0.090.440.11-0.5-0.45-0.110.46-0.41-0.58-0.17-0.530.02-0.47-0.45-0.49-0.510.32-0.43-0.5
Total Liab
-0.17-0.1-0.090.79-0.28-0.090.92-0.29-0.63-0.120.48-0.52-0.25-0.16-0.21-0.17-0.09-0.39-0.15-0.26-0.14-0.080.3-0.18-0.39
Property Plant And Equipment Gross
0.990.030.750.00.971.0-0.24-0.670.191.0-0.170.57-0.320.860.95-0.53-0.090.510.980.970.870.88-0.17-0.160.92
Total Current Assets
0.620.490.16-0.380.650.49-0.61-0.280.660.52-0.480.910.190.530.550.02-0.390.510.590.610.650.630.21-0.150.62
Common Stock
0.980.180.7-0.080.970.98-0.34-0.740.310.98-0.180.63-0.290.930.98-0.47-0.150.980.590.950.870.85-0.12-0.20.93
Accounts Payable
0.980.050.74-0.150.990.97-0.38-0.520.280.98-0.280.66-0.150.80.92-0.45-0.260.970.610.950.850.9-0.15-0.160.93
Other Stockholder Equity
0.870.160.5-0.060.860.86-0.29-0.630.230.86-0.180.69-0.310.740.86-0.49-0.140.870.650.870.850.84-0.1-0.020.84
Short Term Investments
0.890.040.450.050.870.87-0.22-0.540.170.87-0.120.69-0.230.680.81-0.51-0.080.880.630.850.90.84-0.16-0.220.77
Other Current Assets
-0.120.21-0.06-0.14-0.16-0.160.31-0.03-0.25-0.17-0.16-0.220.0-0.12-0.160.320.3-0.170.21-0.12-0.15-0.1-0.16-0.15-0.19
Inventory
-0.19-0.55-0.23-0.06-0.16-0.16-0.150.280.11-0.180.01-0.08-0.12-0.25-0.03-0.43-0.18-0.16-0.15-0.2-0.16-0.02-0.22-0.150.09
Net Tangible Assets
0.930.040.67-0.260.960.92-0.55-0.540.460.92-0.310.68-0.230.850.96-0.5-0.390.920.620.930.930.840.77-0.190.09
Click cells to compare fundamentals

Talon Metals Account Relationship Matchups

High Positive Relationship

Non Current Assets Total
+ 1.0
Property Plant And Equipment Net
Property Plant And Equipment Gross
+ 1.0
Property Plant And Equipment Net
Property Plant And Equipment Gross
+ 1.0
Non Current Assets Total
Total Stockholder Equity
+ 0.99
Total Assets
Property Plant And Equipment Net
+ 0.99
Total Assets
Non Current Assets Total
+ 0.99
Total Assets

High Negative Relationship

Cash
- 0.88
Net Debt
Common Stock Total Equity
- 0.84
Retained Earnings
Common Stock
- 0.74
Retained Earnings
Cash And Short Term Investments
- 0.74
Net Debt
Common Stock Shares Outstanding
- 0.73
Retained Earnings
Property Plant And Equipment Gross
- 0.67
Retained Earnings

Talon Metals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets59.2M76.3M125.6M218.2M237.1M248.9M
Other Current Liab133.6K101.3K686.2K28.4K4.4M4.6M
Total Current Liabilities1.3M1.4M2.4M4.2M4.4M4.4M
Total Stockholder Equity55.8M73.1M122.0M212.8M231.3M242.8M
Property Plant And Equipment Net51.9M60.8M100.1M174.3M213.7M224.4M
Net Debt(7.3M)(15.4M)(25.1M)(15.0M)(7.0M)(7.3M)
Retained Earnings(94.7M)(97.5M)(103.0M)(104.5M)(106.9M)(101.5M)
Cash7.3M15.4M25.1M15.0M7.0M10.3M
Non Current Assets Total51.9M60.8M100.1M174.3M213.7M224.4M
Non Currrent Assets Other40.0M51.9M4.0M(856.0)(984.4)(935.18)
Cash And Short Term Investments7.3M15.4M25.1M43.3M22.8M13.0M
Net Receivables2.0K1.3K4.6K628.0750.0712.5
Common Stock Shares Outstanding393.3M531.5M674.2M768.1M867.9M911.3M
Liabilities And Stockholders Equity59.2M76.3M125.6M218.2M235.7M247.5M
Non Current Liabilities Total2.1M1.8M1.2M1.2M1.4M1.3M
Total Liab3.4M3.1M3.6M5.4M5.8M7.0M
Property Plant And Equipment Gross51.9M60.8M100.1M175.1M201.4M211.5M
Total Current Assets7.4M15.5M25.5M43.8M23.4M14.9M
Common Stock130.0M152.9M193.3M270.2M292.4M307.0M
Accounts Payable1.1M1.3M1.7M4.2M4.4M4.6M
Other Stockholder Equity20.1M18.3M30.3M39.7M43.3M24.8M
Accumulated Other Comprehensive Income(637.6K)(2.1M)(2.1M)7.3M2.5M2.6M
Other Current Assets32.4K37.4K162.1K573.6K506.3K481.0K
Net Tangible Assets6.6M55.8M73.1M122.0M140.3M147.3M
Property Plant Equipment51.9M60.8M100.1M174.3M200.5M210.5M
Capital Surpluse20.1M18.3M30.3M39.7M45.7M23.9M
Cash And Equivalents7.3M15.4M25.1M15.0M17.2M10.1M
Net Invested Capital55.8M73.1M122.0M212.8M244.7M257.0M
Net Working Capital6.1M14.1M23.1M39.6M45.6M47.9M
Capital Stock130.0M152.9M193.3M270.2M310.8M181.8M

Pair Trading with Talon Metals

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 Talon Metals 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 Talon Metals will appreciate offsetting losses from the drop in the long position's value.

Moving against Talon Stock

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The ability to find closely correlated positions to Talon Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Talon Metals 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 Talon Metals - 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 Talon Metals Corp to buy it.
The correlation of Talon Metals 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 Talon Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Talon Metals Corp 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 Talon Metals 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 CorrelationCorrelation Matching

Other Information on Investing in Talon Stock

Balance Sheet is a snapshot of the financial position of Talon Metals Corp at a specified time, usually calculated after every quarter, six months, or one year. Talon Metals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Talon Metals 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 Talon currently owns. An asset can also be divided into two categories, current and non-current.
Profit & Loss
Statement
Details
Cash Flow
Statement
Details
Financial
Indicators
Details
Valuation
Indicators
Details
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