TRX Begin Period Cash Flow vs Free Cash Flow Analysis

TNX Stock

CAD 42.21 0.22 0.52%

TRX Gold financial indicator trend analysis is much more than just breaking down TRX Gold Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TRX Gold Corp is a good investment. Please check the relationship between TRX Gold Begin Period Cash Flow and its Free Cash Flow accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TRX Gold 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.

Begin Period Cash Flow vs Free Cash Flow

Begin Period Cash Flow vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TRX Gold Corp Begin Period Cash Flow account and Free Cash Flow. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between TRX Gold's Begin Period Cash Flow and Free Cash Flow is -0.36. Overlapping area represents the amount of variation of Begin Period Cash Flow that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of TRX Gold Corp, assuming nothing else is changed. The correlation between historical values of TRX Gold's Begin Period Cash Flow and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Begin Period Cash Flow of TRX Gold Corp are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Begin Period Cash Flow i.e., TRX Gold's Begin Period Cash Flow and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.36

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Begin Period Cash Flow

The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from TRX Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TRX Gold 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 TRX Gold 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, TRX Gold's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Tax Provision is likely to grow to about 6.4 M, while Issuance Of Capital Stock is likely to drop about 120.2 K.

TRX Gold fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Non Current Liabilities Total	Short Term Investments	Short Long Term Debt Total	Short Term Debt	Common Stock Total Equity	Common Stock
Total Assets		0.65	0.77	0.75	0.96	-0.54	-0.62	0.83	0.46	0.97	-0.26	0.46	0.86	0.87	0.87	0.88	0.37	0.81	0.9	0.85	0.54	-0.52	-0.49	-0.49	0.61	0.77
Other Current Liab	0.65		0.59	0.57	0.58	-0.48	-0.48	0.39	0.41	0.61	-0.21	0.41	0.57	0.55	0.57	0.61	0.15	0.56	0.44	0.61	0.21	-0.26	-0.47	-0.5	0.4	0.63
Total Current Liabilities	0.77	0.59		0.32	0.76	-0.05	-0.77	0.92	0.03	0.79	-0.52	0.03	0.86	0.89	0.88	0.87	0.56	0.95	0.76	0.54	0.37	-0.4	-0.15	-0.12	0.71	0.74
Total Stockholder Equity	0.75	0.57	0.32		0.71	-0.68	-0.45	0.37	0.65	0.7	0.05	0.65	0.47	0.51	0.47	0.49	-0.19	0.36	0.63	0.69	0.31	-0.53	-0.52	-0.54	0.56	0.73
Property Plant And Equipment Net	0.96	0.58	0.76	0.71		-0.34	-0.64	0.81	0.28	0.99	-0.09	0.28	0.8	0.8	0.8	0.8	0.24	0.78	0.97	0.67	0.44	-0.65	-0.35	-0.35	0.57	0.71
Net Debt	-0.54	-0.48	-0.05	-0.68	-0.34		0.19	-0.16	-0.95	-0.35	0.2	-0.95	-0.3	-0.36	-0.32	-0.35	-0.07	-0.19	-0.19	-0.85	-0.45	0.11	0.65	0.68	-0.26	-0.47
Retained Earnings	-0.62	-0.48	-0.77	-0.45	-0.64	0.19		-0.68	-0.25	-0.62	0.47	-0.25	-0.57	-0.78	-0.59	-0.57	-0.19	-0.75	-0.65	-0.5	-0.32	0.7	-0.03	-0.06	-0.9	-0.84
Accounts Payable	0.83	0.39	0.92	0.37	0.81	-0.16	-0.68		0.12	0.84	-0.54	0.12	0.9	0.93	0.93	0.91	0.64	0.92	0.81	0.63	0.5	-0.35	-0.27	-0.24	0.68	0.72
Cash	0.46	0.41	0.03	0.65	0.28	-0.95	-0.25	0.12		0.27	-0.14	1.0	0.17	0.29	0.2	0.22	-0.04	0.21	0.15	0.81	0.56	-0.21	-0.39	-0.44	0.32	0.47
Non Current Assets Total	0.97	0.61	0.79	0.7	0.99	-0.35	-0.62	0.84	0.27		-0.15	0.27	0.85	0.84	0.85	0.85	0.32	0.8	0.96	0.7	0.44	-0.58	-0.41	-0.4	0.58	0.72
Non Currrent Assets Other	-0.26	-0.21	-0.52	0.05	-0.09	0.2	0.47	-0.54	-0.14	-0.15		-0.14	-0.58	-0.63	-0.58	-0.58	-0.66	-0.47	-0.05	-0.43	-0.11	-0.22	0.3	0.22	-0.57	-0.53
Cash And Short Term Investments	0.46	0.41	0.03	0.65	0.28	-0.95	-0.25	0.12	1.0	0.27	-0.14		0.17	0.29	0.2	0.22	-0.04	0.21	0.15	0.81	0.56	-0.21	-0.39	-0.44	0.32	0.47
Net Receivables	0.86	0.57	0.86	0.47	0.8	-0.3	-0.57	0.9	0.17	0.85	-0.58	0.17		0.93	0.98	0.99	0.64	0.83	0.75	0.71	0.38	-0.22	-0.53	-0.47	0.61	0.73
Common Stock Shares Outstanding	0.87	0.55	0.89	0.51	0.8	-0.36	-0.78	0.93	0.29	0.84	-0.63	0.29	0.93		0.94	0.94	0.6	0.87	0.78	0.76	0.42	-0.39	-0.43	-0.38	0.8	0.85
Inventory	0.87	0.57	0.88	0.47	0.8	-0.32	-0.59	0.93	0.2	0.85	-0.58	0.2	0.98	0.94		1.0	0.68	0.87	0.76	0.73	0.43	-0.2	-0.53	-0.49	0.63	0.75
Other Current Assets	0.88	0.61	0.87	0.49	0.8	-0.35	-0.57	0.91	0.22	0.85	-0.58	0.22	0.99	0.94	1.0		0.67	0.85	0.74	0.75	0.42	-0.19	-0.56	-0.52	0.61	0.75
Other Stockholder Equity	0.37	0.15	0.56	-0.19	0.24	-0.07	-0.19	0.64	-0.04	0.32	-0.66	-0.04	0.64	0.6	0.68	0.67		0.58	0.22	0.4	0.37	0.32	-0.31	-0.27	0.18	0.23
Total Liab	0.81	0.56	0.95	0.36	0.78	-0.19	-0.75	0.92	0.21	0.8	-0.47	0.21	0.83	0.87	0.87	0.85	0.58		0.77	0.66	0.64	-0.44	-0.11	-0.1	0.68	0.73
Property Plant And Equipment Gross	0.9	0.44	0.76	0.63	0.97	-0.19	-0.65	0.81	0.15	0.96	-0.05	0.15	0.75	0.78	0.76	0.74	0.22	0.77		0.56	0.42	-0.72	-0.22	-0.2	0.59	0.65
Total Current Assets	0.85	0.61	0.54	0.69	0.67	-0.85	-0.5	0.63	0.81	0.7	-0.43	0.81	0.71	0.76	0.73	0.75	0.4	0.66	0.56		0.65	-0.27	-0.59	-0.59	0.54	0.72
Non Current Liabilities Total	0.54	0.21	0.37	0.31	0.44	-0.45	-0.32	0.5	0.56	0.44	-0.11	0.56	0.38	0.42	0.43	0.42	0.37	0.64	0.42	0.65		-0.29	0.02	-0.05	0.28	0.34
Short Term Investments	-0.52	-0.26	-0.4	-0.53	-0.65	0.11	0.7	-0.35	-0.21	-0.58	-0.22	-0.21	-0.22	-0.39	-0.2	-0.19	0.32	-0.44	-0.72	-0.27	-0.29		-0.23	-0.23	-0.54	-0.47
Short Long Term Debt Total	-0.49	-0.47	-0.15	-0.52	-0.35	0.65	-0.03	-0.27	-0.39	-0.41	0.3	-0.39	-0.53	-0.43	-0.53	-0.56	-0.31	-0.11	-0.22	-0.59	0.02	-0.23		0.98	-0.13	-0.37
Short Term Debt	-0.49	-0.5	-0.12	-0.54	-0.35	0.68	-0.06	-0.24	-0.44	-0.4	0.22	-0.44	-0.47	-0.38	-0.49	-0.52	-0.27	-0.1	-0.2	-0.59	-0.05	-0.23	0.98		-0.07	-0.34
Common Stock Total Equity	0.61	0.4	0.71	0.56	0.57	-0.26	-0.9	0.68	0.32	0.58	-0.57	0.32	0.61	0.8	0.63	0.61	0.18	0.68	0.59	0.54	0.28	-0.54	-0.13	-0.07		0.93
Common Stock	0.77	0.63	0.74	0.73	0.71	-0.47	-0.84	0.72	0.47	0.72	-0.53	0.47	0.73	0.85	0.75	0.75	0.23	0.73	0.65	0.72	0.34	-0.47	-0.37	-0.34	0.93

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TRX Gold Account Relationship Matchups

TRX Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	38.1M	56.5M	71.8M	84.2M	96.8M	101.7M
Other Current Liab	550.4K	2.1M	9.2M	3.5M	4.1M	4.3M
Total Current Liabilities	10.6M	7.4M	17.3M	17.8M	20.5M	21.5M
Total Stockholder Equity	25.1M	48.0M	48.8M	53.9M	62.0M	31.0M
Property Plant And Equipment Net	32.7M	41.1M	51.6M	64.1M	73.7M	77.4M
Net Debt	1.1M	(13.4M)	(8.5M)	(7.5M)	(6.8M)	(6.4M)
Retained Earnings	(113.9M)	(117.5M)	(123.7M)	(121.4M)	(109.3M)	(103.8M)
Accounts Payable	4.9M	5.3M	5.6M	11.6M	13.3M	14.0M
Cash	4.0M	13.4M	8.5M	7.6M	8.8M	5.0M
Non Current Assets Total	32.7M	41.1M	56.0M	67.0M	77.1M	80.9M
Non Currrent Assets Other	51.9M	391.2K	4.4M	2.9M	3.4M	3.2M
Cash And Short Term Investments	4.0M	13.4M	8.5M	7.6M	8.8M	5.1M
Net Receivables	546.0K	460K	2.5M	3.1M	3.6M	3.8M
Common Stock Shares Outstanding	166.5M	232.2M	267.0M	288.5M	331.8M	348.4M
Liabilities And Stockholders Equity	38.1M	56.5M	71.8M	84.2M	96.8M	101.7M
Inventory	724.7K	1.2M	3.6M	5.0M	5.7M	6.0M
Other Current Assets	86.8K	332K	1.2M	1.5M	1.7M	1.8M
Other Stockholder Equity	3.4M	7.3M	8.5M	10.5M	9.5M	17.9M
Total Liab	13.2M	10.1M	20.7M	23.1M	26.6M	27.9M
Property Plant And Equipment Gross	42.8M	42.9M	53.9M	68.1M	78.3M	82.2M
Total Current Assets	5.4M	15.4M	15.9M	17.2M	19.8M	20.8M
Non Current Liabilities Total	2.7M	2.7M	3.4M	5.3M	6.1M	6.4M
Short Long Term Debt Total	5.8M	5.2M	5.1M	101K	116.2K	110.3K
Short Term Debt	5.2M	5.1M	0.0	65K	74.8K	71.0K
Common Stock	136.4M	158.1M	163.9M	164.8M	189.5M	130.3M
Net Tangible Assets	17.8M	32.8M	48.0M	48.8M	43.9M	30.6M
Property Plant Equipment	33.5M	42.8M	41.1M	51.6M	46.5M	37.4M
Other Liab	5.2M	3.5M	2.7M	3.4M	4.0M	3.8M
Capital Lease Obligations	78.8K	88.2K	0.0	101K	90.9K	87.1K
Net Invested Capital	39.5M	48.0M	48.8M	53.9M	62.0M	46.7M
Net Working Capital	(6.8M)	8.0M	(1.4M)	(617K)	(709.6K)	(745.0K)
Capital Stock	136.4M	158.1M	163.9M	164.8M	189.5M	151.7M

Pair Trading with TRX Gold

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 TRX Gold 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 TRX Gold will appreciate offsetting losses from the drop in the long position's value.

Moving together with TRX Stock

0.78

Ivanhoe Energy

Pair Corr

Moving against TRX Stock

0.58	ORE	Orezone Gold Corp	Pair Corr
0.5	INFM	Infinico Metals Corp	Pair Corr

The ability to find closely correlated positions to TRX Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TRX Gold 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 TRX Gold - 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 TRX Gold Corp to buy it.

The correlation of TRX Gold 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 TRX Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TRX Gold 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 TRX Gold 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 TRX Stock

Balance Sheet is a snapshot of the financial position of TRX Gold Corp at a specified time, usually calculated after every quarter, six months, or one year. TRX Gold Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of TRX Gold 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 TRX currently owns. An asset can also be divided into two categories, current and non-current.

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TRX Begin Period Cash Flow vs Free Cash Flow Analysis

Begin Period Cash Flow vs Free Cash Flow

Begin Period Cash Flow vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Begin Period Cash Flow

Free Cash Flow

TRX Gold fundamental ratios Correlations

TRX Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

TRX Gold fundamental ratios Accounts

Pair Trading with TRX Gold

Moving together with TRX Stock

Moving against TRX Stock

Other Information on Investing in TRX Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Other Current Assets	+ 1.0	Inventory
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Other Current Assets	+ 0.99	Net Receivables
Inventory	+ 0.98	Net Receivables
Short Term Debt	+ 0.98	Short Long Term Debt Total

Cash And Short Term Investments	- 0.95	Net Debt
Cash	- 0.95	Net Debt
Common Stock Total Equity	- 0.9	Retained Earnings
Total Current Assets	- 0.85	Net Debt
Common Stock	- 0.84	Retained Earnings
Common Stock Shares Outstanding	- 0.78	Retained Earnings