| VG Stock | | | CAD 0.05 0.01 16.67% |
Volcanic Gold financial indicator trend analysis is much more than just breaking down Volcanic Gold Mines prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Volcanic Gold Mines is a good investment. Please check the relationship between Volcanic Gold Total Current Liabilities and its Asset Turnover accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Volcanic Gold Mines. 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.
Total Current Liabilities vs Asset Turnover
Total Current Liabilities vs Asset Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Volcanic Gold Mines Total Current Liabilities account and
Asset Turnover. At this time, the significance of the direction appears to have very week relationship.
The correlation between Volcanic Gold's Total Current Liabilities and Asset Turnover is 0.23. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Volcanic Gold Mines, assuming nothing else is changed. The correlation between historical values of Volcanic Gold's Total Current Liabilities and Asset Turnover 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 Current Liabilities of Volcanic Gold Mines are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Total Current Liabilities i.e., Volcanic Gold's Total Current Liabilities and Asset Turnover go up and down completely randomly.
Correlation Coefficient | 0.23 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Current Liabilities
Total Current Liabilities is an item on Volcanic Gold balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Volcanic Gold Mines are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.
Most indicators from Volcanic Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Volcanic Gold Mines 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 Volcanic Gold Mines. 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.
Sales General And Administrative To Revenue is likely to climb to 76.05 in 2024, whereas
Selling General Administrative is likely to drop slightly above 267.4
K in 2024.
Volcanic Gold fundamental ratios Correlations
Click cells to compare fundamentals
Volcanic Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Volcanic Gold fundamental ratios Accounts
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Additional Tools for Volcanic Stock Analysis
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measure Volcanic Gold'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 Volcanic Gold is operating at the current time. Most of Volcanic Gold's value examination focuses on studying past and present price action to
predict the probability of Volcanic Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Volcanic Gold's price. Additionally, you may evaluate how the addition of Volcanic Gold to your portfolios can decrease your overall portfolio volatility.