Tristar Roic vs Invested Capital Analysis

TSG Stock

CAD 0.11 0.01 8.33%

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

Roic vs Invested Capital

Roic vs Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tristar Gold Roic account and Invested Capital. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Tristar Gold's Roic and Invested Capital is -0.13. Overlapping area represents the amount of variation of Roic that can explain the historical movement of Invested Capital in the same time period over historical financial statements of Tristar Gold, assuming nothing else is changed. The correlation between historical values of Tristar Gold's Roic and Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roic of Tristar Gold are associated (or correlated) with its Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Invested Capital has no effect on the direction of Roic i.e., Tristar Gold's Roic and Invested Capital go up and down completely randomly.

Correlation Coefficient

-0.13

Relationship Direction	Negative
Relationship Strength	Insignificant

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Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.

Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to Tristar Gold. There are two different methods for calculating Tristar Gold invested capital: operating approach and financing approach. Understanding Tristar Gold invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.

Most indicators from Tristar Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tristar Gold 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 Tristar Gold. 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, Tristar Gold's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 13.6 M in 2024, whereas Selling General Administrative is likely to drop 1,438 in 2024.

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	1.6K	2K	1.8K	2.0K
Interest Income	12.1K	74.6K	123.4K	129.5K

Reconciled Depreciation Interest Income

Tristar Gold fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Non Current Liabilities Total	Common Stock	Other Liab	Net Tangible Assets	Accounts Payable	Inventory	Other Current Assets	Property Plant Equipment	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.06	0.05	0.97	0.95	-0.61	-0.88	0.61	0.95	0.61	0.7	0.97	-0.58	-0.12	0.62	-0.55	0.67	0.62	0.95	0.15	0.6	0.68	0.93	0.82	0.75	0.76
Other Current Liab	0.06		0.74	-0.09	-0.05	-0.29	-0.04	0.28	-0.05	0.28	-0.14	-0.07	-0.08	0.6	0.28	0.1	0.01	0.13	-0.13	0.33	0.11	0.03	-0.15	-0.3	0.03	-0.34
Total Current Liabilities	0.05	0.74		-0.11	-0.13	-0.46	-0.14	0.46	-0.13	0.46	0.02	-0.07	-0.04	0.6	0.46	0.15	-0.04	0.37	-0.13	0.42	0.39	0.31	-0.21	-0.17	0.25	-0.13
Total Stockholder Equity	0.97	-0.09	-0.11		0.98	-0.43	-0.81	0.43	0.98	0.43	0.64	0.97	-0.53	-0.37	0.44	-0.67	0.61	0.57	0.97	0.13	0.57	0.66	0.96	0.82	0.7	0.75
Property Plant And Equipment Net	0.95	-0.05	-0.13	0.98		-0.32	-0.79	0.32	1.0	0.32	0.6	0.95	-0.48	-0.36	0.33	-0.73	0.54	0.45	0.93	0.11	0.47	0.57	0.95	0.77	0.57	0.69
Net Debt	-0.61	-0.29	-0.46	-0.43	-0.32		0.62	-1.0	-0.32	-1.0	-0.59	-0.52	0.51	-0.54	-1.0	-0.2	-0.65	-0.68	-0.51	-0.15	-0.56	-0.59	-0.37	-0.53	-0.81	-0.51
Retained Earnings	-0.88	-0.04	-0.14	-0.81	-0.79	0.62		-0.63	-0.79	-0.63	-0.64	-0.85	0.63	0.04	-0.63	0.44	-0.65	-0.51	-0.84	-0.21	-0.61	-0.67	-0.82	-0.78	-0.69	-0.77
Cash	0.61	0.28	0.46	0.43	0.32	-1.0	-0.63		0.32	1.0	0.59	0.52	-0.52	0.54	1.0	0.19	0.65	0.69	0.52	0.15	0.56	0.59	0.37	0.54	0.81	0.52
Non Current Assets Total	0.95	-0.05	-0.13	0.98	1.0	-0.32	-0.79	0.32		0.32	0.6	0.95	-0.48	-0.36	0.33	-0.73	0.54	0.45	0.93	0.11	0.47	0.57	0.95	0.77	0.57	0.69
Cash And Short Term Investments	0.61	0.28	0.46	0.43	0.32	-1.0	-0.63	1.0	0.32		0.59	0.52	-0.52	0.54	1.0	0.19	0.65	0.69	0.52	0.15	0.56	0.59	0.37	0.54	0.81	0.52
Net Receivables	0.7	-0.14	0.02	0.64	0.6	-0.59	-0.64	0.59	0.6	0.59		0.77	-0.48	0.08	0.6	-0.15	0.67	0.32	0.7	0.05	0.46	0.62	0.67	0.71	0.57	0.66
Common Stock Shares Outstanding	0.97	-0.07	-0.07	0.97	0.95	-0.52	-0.85	0.52	0.95	0.52	0.77		-0.62	-0.24	0.53	-0.54	0.72	0.52	0.98	0.15	0.59	0.7	0.97	0.86	0.71	0.78
Other Stockholder Equity	-0.58	-0.08	-0.04	-0.53	-0.48	0.51	0.63	-0.52	-0.48	-0.52	-0.48	-0.62		-0.01	-0.53	0.06	-0.9	-0.44	-0.62	-0.31	-0.55	-0.6	-0.56	-0.69	-0.67	-0.64
Total Liab	-0.12	0.6	0.6	-0.37	-0.36	-0.54	0.04	0.54	-0.36	0.54	0.08	-0.24	-0.01		0.53	0.62	0.08	0.01	-0.3	0.03	-0.04	-0.08	-0.38	-0.23	-0.01	-0.23
Total Current Assets	0.62	0.28	0.46	0.44	0.33	-1.0	-0.63	1.0	0.33	1.0	0.6	0.53	-0.53	0.53		0.18	0.66	0.69	0.53	0.17	0.58	0.61	0.39	0.54	0.82	0.52
Non Current Liabilities Total	-0.55	0.1	0.15	-0.67	-0.73	-0.2	0.44	0.19	-0.73	0.19	-0.15	-0.54	0.06	0.62	0.18		0.08	-0.2	-0.49	-0.07	-0.22	-0.26	-0.57	-0.35	-0.17	-0.33
Common Stock	0.67	0.01	-0.04	0.61	0.54	-0.65	-0.65	0.65	0.54	0.65	0.67	0.72	-0.9	0.08	0.66	0.08		0.45	0.74	0.25	0.56	0.63	0.67	0.76	0.7	0.68
Other Liab	0.62	0.13	0.37	0.57	0.45	-0.68	-0.51	0.69	0.45	0.69	0.32	0.52	-0.44	0.01	0.69	-0.2	0.45		0.57	0.26	0.66	0.66	0.44	0.54	0.88	0.52
Net Tangible Assets	0.95	-0.13	-0.13	0.97	0.93	-0.51	-0.84	0.52	0.93	0.52	0.7	0.98	-0.62	-0.3	0.53	-0.49	0.74	0.57		0.12	0.57	0.67	0.98	0.88	0.75	0.81
Accounts Payable	0.15	0.33	0.42	0.13	0.11	-0.15	-0.21	0.15	0.11	0.15	0.05	0.15	-0.31	0.03	0.17	-0.07	0.25	0.26	0.12		0.79	0.69	0.09	-0.13	0.21	-0.18
Inventory	0.6	0.11	0.39	0.57	0.47	-0.56	-0.61	0.56	0.47	0.56	0.46	0.59	-0.55	-0.04	0.58	-0.22	0.56	0.66	0.57	0.79		0.98	0.48	0.4	0.72	0.36
Other Current Assets	0.68	0.03	0.31	0.66	0.57	-0.59	-0.67	0.59	0.57	0.59	0.62	0.7	-0.6	-0.08	0.61	-0.26	0.63	0.66	0.67	0.69	0.98		0.59	0.52	0.77	0.48
Property Plant Equipment	0.93	-0.15	-0.21	0.96	0.95	-0.37	-0.82	0.37	0.95	0.37	0.67	0.97	-0.56	-0.38	0.39	-0.57	0.67	0.44	0.98	0.09	0.48	0.59		0.84	0.62	0.77
Net Invested Capital	0.82	-0.3	-0.17	0.82	0.77	-0.53	-0.78	0.54	0.77	0.54	0.71	0.86	-0.69	-0.23	0.54	-0.35	0.76	0.54	0.88	-0.13	0.4	0.52	0.84		0.74	0.98
Net Working Capital	0.75	0.03	0.25	0.7	0.57	-0.81	-0.69	0.81	0.57	0.81	0.57	0.71	-0.67	-0.01	0.82	-0.17	0.7	0.88	0.75	0.21	0.72	0.77	0.62	0.74		0.71
Capital Stock	0.76	-0.34	-0.13	0.75	0.69	-0.51	-0.77	0.52	0.69	0.52	0.66	0.78	-0.64	-0.23	0.52	-0.33	0.68	0.52	0.81	-0.18	0.36	0.48	0.77	0.98	0.71

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Tristar Gold Account Relationship Matchups

Tristar Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	22.1M	29.2M	27.6M	29.4M	30.4M	19.3M
Total Current Liabilities	688.8K	528.7K	342.4K	237.8K	312.7K	420.8K
Total Stockholder Equity	19.0M	25.3M	25.6M	28.3M	29.5M	16.7M
Property Plant And Equipment Net	16.1M	19.0M	22.0M	24.3M	26.5M	15.0M
Net Debt	(5.5M)	(10.0M)	(5.4M)	(5.0M)	(3.8M)	(4.0M)
Retained Earnings	(30.8M)	(31.0M)	(30.8M)	(31.7M)	(32.4M)	(34.0M)
Cash	5.5M	10.0M	5.4M	5.0M	3.8M	4.2M
Non Current Assets Total	16.1M	19.0M	22.0M	24.3M	26.5M	15.0M
Cash And Short Term Investments	5.5M	10.0M	5.4M	5.0M	3.8M	4.2M
Net Receivables	32.8K	25.6K	93.2K	49.6K	47.7K	26.6K
Common Stock Shares Outstanding	179.3M	209.2M	255.4M	248.0M	263.3M	155.6M
Liabilities And Stockholders Equity	22.1M	29.2M	27.6M	29.4M	30.4M	19.3M
Total Liab	3.0M	4.0M	1.9M	1.2M	893.7K	849.0K
Total Current Assets	5.9M	10.2M	5.6M	5.2M	3.9M	4.3M
Non Current Liabilities Total	2.3M	3.4M	1.6M	918.6K	581.0K	552.0K
Common Stock	45.1M	52.4M	52.5M	55.9M	57.9M	30.8M
Other Liab	634.7K	2.3M	3.4M	1.6M	1.8M	1.7M
Net Tangible Assets	19.3M	19.0M	25.3M	25.6M	29.5M	18.3M
Accounts Payable	688.8K	528.71	342.43	237.76	312.7	297.07
Inventory	355.8K	158.3K	130.1K	142.8K	89.5K	106.4K
Other Current Assets	388.91	184.04	223.56	192.67	137.25	136.19
Accumulated Other Comprehensive Income	4.8M	3.9M	3.9M	4.1M	4.1M	3.0M
Property Plant Equipment	19.3M	16.1M	19.0M	22.0M	25.2M	17.1M
Net Invested Capital	19.0M	25.3M	25.6M	28.3M	29.5M	25.8M
Net Working Capital	5.2M	9.7M	5.3M	4.9M	3.6M	4.7M
Capital Stock	45.1M	52.4M	52.5M	55.9M	57.9M	56.4M

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