Tanzanian Total Revenue vs Capex To Revenue Analysis

TRX Stock

USD 0.35 0.01 2.78%

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

Total Revenue vs Capex To Revenue

Total Revenue vs Capex To Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tanzanian Royalty Total Revenue account and Capex To Revenue. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Tanzanian Royalty's Total Revenue and Capex To Revenue is -0.15. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Capex To Revenue in the same time period over historical financial statements of Tanzanian Royalty Exploration, assuming nothing else is changed. The correlation between historical values of Tanzanian Royalty's Total Revenue and Capex To Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Tanzanian Royalty Exploration are associated (or correlated) with its Capex To Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Revenue has no effect on the direction of Total Revenue i.e., Tanzanian Royalty's Total Revenue and Capex To Revenue go up and down completely randomly.

Correlation Coefficient

-0.15

Relationship Direction	Negative
Relationship Strength	Insignificant

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Total Revenue

Total revenue comprises all receipts Tanzanian Royalty generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Capex To Revenue

The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.

Most indicators from Tanzanian Royalty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tanzanian Royalty 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 Tanzanian Royalty 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 metropolitan statistical area.

At this time, Tanzanian Royalty's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 6.4 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 120.2 K in 2024.

Tanzanian Royalty 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	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Liab	Net Tangible Assets	Common Stock Total Equity	Short Long Term Debt	Short Term Debt
Total Assets		0.62	0.77	0.94	0.96	-0.56	-0.64	0.82	0.49	0.98	-0.27	0.49	0.87	0.88	0.6	0.88	0.87	-0.71	0.81	0.89	0.87	0.29	0.64	0.79	0.47	-0.47
Other Current Liab	0.62		0.63	0.59	0.54	-0.48	-0.58	0.47	0.35	0.57	-0.14	0.35	0.61	0.7	0.03	0.63	0.65	-0.63	0.52	0.46	0.61	-0.15	0.55	0.58	0.42	-0.49
Total Current Liabilities	0.77	0.63		0.54	0.76	-0.09	-0.77	0.95	0.06	0.79	-0.02	0.06	0.89	0.92	0.38	0.9	0.89	-0.41	0.95	0.76	0.57	0.28	0.73	0.82	0.82	-0.04
Total Stockholder Equity	0.94	0.59	0.54		0.91	-0.7	-0.51	0.6	0.6	0.91	-0.36	0.6	0.72	0.73	0.52	0.71	0.71	-0.8	0.58	0.81	0.85	0.15	0.53	0.68	0.24	-0.61
Property Plant And Equipment Net	0.96	0.54	0.76	0.91		-0.38	-0.64	0.81	0.32	0.99	-0.13	0.32	0.82	0.83	0.53	0.82	0.8	-0.75	0.78	0.97	0.71	0.24	0.7	0.82	0.46	-0.35
Net Debt	-0.56	-0.48	-0.09	-0.7	-0.38		0.23	-0.12	-0.95	-0.39	0.55	-0.95	-0.3	-0.36	-0.5	-0.32	-0.34	0.5	-0.22	-0.21	-0.85	-0.21	0.0	-0.25	0.06	0.7
Retained Earnings	-0.64	-0.58	-0.77	-0.51	-0.64	0.23		-0.65	-0.3	-0.63	0.15	-0.3	-0.6	-0.8	-0.37	-0.61	-0.6	0.48	-0.75	-0.64	-0.54	-0.39	-0.72	-0.93	-0.82	-0.1
Accounts Payable	0.82	0.47	0.95	0.6	0.81	-0.12	-0.65		0.07	0.84	-0.1	0.07	0.94	0.9	0.49	0.95	0.93	-0.4	0.95	0.8	0.61	0.33	0.7	0.76	0.72	-0.15
Cash	0.49	0.35	0.06	0.6	0.32	-0.95	-0.3	0.07		0.31	-0.46	1.0	0.18	0.29	0.62	0.21	0.22	-0.41	0.24	0.17	0.81	0.41	-0.09	0.28	0.01	-0.46
Non Current Assets Total	0.98	0.57	0.79	0.91	0.99	-0.39	-0.63	0.84	0.31		-0.16	0.31	0.87	0.86	0.52	0.87	0.85	-0.72	0.8	0.96	0.74	0.22	0.71	0.8	0.48	-0.39
Non Currrent Assets Other	-0.27	-0.14	-0.02	-0.36	-0.13	0.55	0.15	-0.1	-0.46	-0.16		-0.46	-0.29	-0.25	-0.02	-0.23	-0.26	0.3	-0.01	0.0	-0.48	0.18	0.1	-0.16	0.07	0.43
Cash And Short Term Investments	0.49	0.35	0.06	0.6	0.32	-0.95	-0.3	0.07	1.0	0.31	-0.46		0.18	0.29	0.62	0.21	0.22	-0.41	0.24	0.17	0.81	0.41	-0.09	0.28	0.01	-0.46
Net Receivables	0.87	0.61	0.89	0.72	0.82	-0.3	-0.6	0.94	0.18	0.87	-0.29	0.18		0.93	0.38	0.98	0.99	-0.48	0.85	0.75	0.71	0.13	0.7	0.7	0.6	-0.4
Common Stock Shares Outstanding	0.88	0.7	0.92	0.73	0.83	-0.36	-0.8	0.9	0.29	0.86	-0.25	0.29	0.93		0.42	0.94	0.94	-0.52	0.89	0.78	0.76	0.25	0.8	0.87	0.77	-0.3
Non Current Liabilities Total	0.6	0.03	0.38	0.52	0.53	-0.5	-0.37	0.49	0.62	0.52	-0.02	0.62	0.38	0.42		0.42	0.4	-0.19	0.64	0.49	0.69	0.88	0.14	0.43	0.31	-0.09
Inventory	0.88	0.63	0.9	0.71	0.82	-0.32	-0.61	0.95	0.21	0.87	-0.23	0.21	0.98	0.94	0.42		1.0	-0.47	0.88	0.75	0.73	0.18	0.71	0.71	0.63	-0.41
Other Current Assets	0.87	0.65	0.89	0.71	0.8	-0.34	-0.6	0.93	0.22	0.85	-0.26	0.22	0.99	0.94	0.4	1.0		-0.46	0.87	0.72	0.74	0.17	0.7	0.69	0.62	-0.44
Other Stockholder Equity	-0.71	-0.63	-0.41	-0.8	-0.75	0.5	0.48	-0.4	-0.41	-0.72	0.3	-0.41	-0.48	-0.52	-0.19	-0.47	-0.46		-0.38	-0.72	-0.56	0.13	-0.43	-0.62	-0.04	0.5
Total Liab	0.81	0.52	0.95	0.58	0.78	-0.22	-0.75	0.95	0.24	0.8	-0.01	0.24	0.85	0.89	0.64	0.88	0.87	-0.38		0.77	0.68	0.54	0.66	0.81	0.8	-0.04
Property Plant And Equipment Gross	0.89	0.46	0.76	0.81	0.97	-0.21	-0.64	0.8	0.17	0.96	0.0	0.17	0.75	0.78	0.49	0.75	0.72	-0.72	0.77		0.57	0.26	0.7	0.84	0.48	-0.18
Total Current Assets	0.87	0.61	0.57	0.85	0.71	-0.85	-0.54	0.61	0.81	0.74	-0.48	0.81	0.71	0.76	0.69	0.73	0.74	-0.56	0.68	0.57		0.39	0.35	0.61	0.37	-0.57
Other Liab	0.29	-0.15	0.28	0.15	0.24	-0.21	-0.39	0.33	0.41	0.22	0.18	0.41	0.13	0.25	0.88	0.18	0.17	0.13	0.54	0.26	0.39		0.1	0.35	0.45	0.3
Net Tangible Assets	0.64	0.55	0.73	0.53	0.7	0.0	-0.72	0.7	-0.09	0.71	0.1	-0.09	0.7	0.8	0.14	0.71	0.7	-0.43	0.66	0.7	0.35	0.1		0.77	0.7	-0.15
Common Stock Total Equity	0.79	0.58	0.82	0.68	0.82	-0.25	-0.93	0.76	0.28	0.8	-0.16	0.28	0.7	0.87	0.43	0.71	0.69	-0.62	0.81	0.84	0.61	0.35	0.77		0.76	0.0
Short Long Term Debt	0.47	0.42	0.82	0.24	0.46	0.06	-0.82	0.72	0.01	0.48	0.07	0.01	0.6	0.77	0.31	0.63	0.62	-0.04	0.8	0.48	0.37	0.45	0.7	0.76		0.31
Short Term Debt	-0.47	-0.49	-0.04	-0.61	-0.35	0.7	-0.1	-0.15	-0.46	-0.39	0.43	-0.46	-0.4	-0.3	-0.09	-0.41	-0.44	0.5	-0.04	-0.18	-0.57	0.3	-0.15	0.0	0.31

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Tanzanian Royalty Account Relationship Matchups

Tanzanian Royalty 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	474.0K	5.7M	6.8M	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	65.1M
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	5.0M	1.7M	7.9M	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
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
Non Current Liabilities Total	2.7M	2.7M	3.4M	5.3M	6.1M	6.4M
Inventory	724.7K	1.2M	3.6M	5.0M	5.7M	6.0M
Other Current Assets	78K	332K	1.2M	1.5M	1.7M	1.8M
Other Stockholder Equity	4.5M	1.5M	27.3K	(9.6K)	(8.6K)	(8.2K)
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
Accumulated Other Comprehensive Income	(761.7K)	5.8M	8.5M	10.5M	12.1M	12.7M
Other Liab	5.2M	3.5M	2.7M	3.4M	4.0M	4.1M
Net Tangible Assets	17.8M	32.8M	48.0M	48.8M	56.1M	58.9M
Short Term Debt	5.8M	5.2M	5.1M	65K	74.8K	71.0K
Common Stock	136.4M	158.1M	163.9M	164.8M	189.5M	199.0M
Property Plant Equipment	33.5M	42.8M	41.1M	51.6M	59.4M	34.9M
Short Long Term Debt Total	5.8M	5.2M	5.1M	101K	116.2K	110.3K
Capital Lease Obligations	67.8K	78.8K	88.2K	101K	90.9K	76.3K
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

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Tanzanian Total Revenue vs Capex To Revenue Analysis

Total Revenue vs Capex To Revenue

Total Revenue vs Capex To Revenue Correlation Analysis

Correlation Coefficient

Total Revenue

Capex To Revenue

Tanzanian Royalty fundamental ratios Correlations

Tanzanian Royalty Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tanzanian Royalty fundamental ratios Accounts

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Additional Tools for Tanzanian Stock Analysis

COMMON DESTINATIONS

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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
Non Current Assets Total	+ 0.98	Total Assets
Inventory	+ 0.98	Net Receivables

Cash And Short Term Investments	- 0.95	Net Debt
Cash	- 0.95	Net Debt
Common Stock Total Equity	- 0.93	Retained Earnings
Total Current Assets	- 0.85	Net Debt
Short Long Term Debt	- 0.82	Retained Earnings
Common Stock Shares Outstanding	- 0.8	Retained Earnings