West Cash And Short Term Investments vs Retained Earnings Analysis

WAF Stock

1.52 0.01 0.65%

West African financial indicator trend analysis is more than just analyzing West African Resources current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether West African Resources is a good investment. Please check the relationship between West African Cash And Short Term Investments and its Retained Earnings accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in West African Resources. 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.

Cash And Short Term Investments vs Retained Earnings

Cash And Short Term Investments vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of West African Resources Cash And Short Term Investments account and Retained Earnings. At this time, the significance of the direction appears to have strong relationship.

The correlation between West African's Cash And Short Term Investments and Retained Earnings is 0.74. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of West African Resources, assuming nothing else is changed. The correlation between historical values of West African's Cash And Short Term Investments and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of West African Resources are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Cash And Short Term Investments i.e., West African's Cash And Short Term Investments and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.74

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of West African Resources balance sheet. This account contains West African investments that will expire within one year. These investments include stocks and bonds that can be liquidated by West African Resources fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from West African's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into West African Resources 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in West African Resources. 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, West African's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 80.1 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 234.7 K in 2024.

	2021	2022	2023	2024 (projected)
Cost Of Revenue	249.6M	265.7M	304.1M	319.3M
Total Revenue	711.5M	606.1M	658.8M	691.8M

Cost Of Revenue Total Revenue

West African fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Accounts Payable	Cash	Net Receivables	Other Current Assets	Total Liab	Common Stock	Property Plant Equipment	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Current Assets Total	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Property Plant And Equipment Gross	Total Current Assets	Non Currrent Assets Other	Inventory	Net Tangible Assets	Other Stockholder Equity
Total Assets		0.78	0.78	0.98	0.97	0.9	0.87	0.96	0.85	0.94	0.99	1.0	-0.11	0.93	1.0	0.9	0.81	0.72	-0.66	0.4	0.99	0.99	0.32	0.98	0.98	-0.55
Other Current Liab	0.78		0.79	0.75	0.68	0.86	0.51	0.73	0.69	0.82	0.8	0.79	-0.38	0.66	0.79	0.86	0.63	0.63	-0.25	0.15	0.76	0.76	0.6	0.73	0.76	-0.31
Total Current Liabilities	0.78	0.79		0.68	0.78	0.8	0.52	0.67	0.86	0.74	0.81	0.79	0.0	0.59	0.79	0.8	0.7	0.68	-0.2	0.24	0.74	0.75	0.82	0.8	0.68	-0.33
Total Stockholder Equity	0.98	0.75	0.68		0.95	0.86	0.88	0.99	0.72	0.93	0.96	0.97	-0.27	0.97	0.97	0.87	0.74	0.65	-0.75	0.33	0.98	0.98	0.24	0.97	1.0	-0.62
Accounts Payable	0.97	0.68	0.78	0.95		0.8	0.92	0.93	0.82	0.88	0.94	0.95	-0.05	0.92	0.95	0.8	0.77	0.65	-0.66	0.42	0.96	0.98	0.37	0.99	0.94	-0.61
Cash	0.9	0.86	0.8	0.86	0.8		0.59	0.86	0.79	0.98	0.92	0.91	-0.29	0.74	0.91	1.0	0.88	0.87	-0.41	0.45	0.9	0.87	0.43	0.83	0.88	-0.45
Net Receivables	0.87	0.51	0.52	0.88	0.92	0.59		0.85	0.67	0.72	0.8	0.84	0.02	0.91	0.84	0.59	0.59	0.41	-0.74	0.38	0.87	0.91	0.09	0.89	0.86	-0.57
Other Current Assets	0.96	0.73	0.67	0.99	0.93	0.86	0.85		0.69	0.91	0.95	0.96	-0.3	0.97	0.96	0.86	0.71	0.65	-0.78	0.27	0.97	0.97	0.24	0.96	1.0	-0.65
Total Liab	0.85	0.69	0.86	0.72	0.82	0.79	0.67	0.69		0.78	0.87	0.87	0.32	0.64	0.87	0.79	0.81	0.74	-0.3	0.49	0.81	0.81	0.45	0.81	0.72	-0.25
Common Stock	0.94	0.82	0.74	0.93	0.88	0.98	0.72	0.91	0.78		0.94	0.94	-0.28	0.82	0.94	0.97	0.91	0.85	-0.5	0.51	0.95	0.93	0.34	0.89	0.94	-0.5
Property Plant Equipment	0.99	0.8	0.81	0.96	0.94	0.92	0.8	0.95	0.87	0.94		1.0	-0.11	0.9	1.0	0.93	0.81	0.76	-0.62	0.37	0.98	0.97	0.36	0.96	0.96	-0.51
Property Plant And Equipment Net	1.0	0.79	0.79	0.97	0.95	0.91	0.84	0.96	0.87	0.94	1.0		-0.09	0.92	1.0	0.91	0.8	0.74	-0.65	0.38	0.98	0.98	0.33	0.97	0.97	-0.52
Net Debt	-0.11	-0.38	0.0	-0.27	-0.05	-0.29	0.02	-0.3	0.32	-0.28	-0.11	-0.09		-0.26	-0.09	-0.29	-0.01	-0.07	0.21	0.26	-0.15	-0.14	-0.16	-0.12	-0.29	0.35
Retained Earnings	0.93	0.66	0.59	0.97	0.92	0.74	0.91	0.97	0.64	0.82	0.9	0.92	-0.26		0.92	0.74	0.58	0.49	-0.85	0.18	0.93	0.95	0.18	0.95	0.97	-0.66
Non Current Assets Total	1.0	0.79	0.79	0.97	0.95	0.91	0.84	0.96	0.87	0.94	1.0	1.0	-0.09	0.92		0.91	0.8	0.74	-0.65	0.38	0.98	0.98	0.33	0.97	0.97	-0.52
Cash And Short Term Investments	0.9	0.86	0.8	0.87	0.8	1.0	0.59	0.86	0.79	0.97	0.93	0.91	-0.29	0.74	0.91		0.88	0.87	-0.41	0.44	0.9	0.87	0.43	0.83	0.88	-0.45
Common Stock Total Equity	0.81	0.63	0.7	0.74	0.77	0.88	0.59	0.71	0.81	0.91	0.81	0.8	-0.01	0.58	0.8	0.88		0.92	-0.25	0.77	0.83	0.8	0.29	0.73	0.75	-0.37
Common Stock Shares Outstanding	0.72	0.63	0.68	0.65	0.65	0.87	0.41	0.65	0.74	0.85	0.76	0.74	-0.07	0.49	0.74	0.87	0.92		-0.17	0.61	0.73	0.69	0.33	0.64	0.67	-0.25
Short Term Investments	-0.66	-0.25	-0.2	-0.75	-0.66	-0.41	-0.74	-0.78	-0.3	-0.5	-0.62	-0.65	0.21	-0.85	-0.65	-0.41	-0.25	-0.17		-0.02	-0.67	-0.68	0.19	-0.69	-0.74	0.69
Non Current Liabilities Total	0.4	0.15	0.24	0.33	0.42	0.45	0.38	0.27	0.49	0.51	0.37	0.38	0.26	0.18	0.38	0.44	0.77	0.61	-0.02		0.44	0.42	-0.09	0.31	0.32	-0.14
Property Plant And Equipment Gross	0.99	0.76	0.74	0.98	0.96	0.9	0.87	0.97	0.81	0.95	0.98	0.98	-0.15	0.93	0.98	0.9	0.83	0.73	-0.67	0.44		0.99	0.28	0.97	0.98	-0.63
Total Current Assets	0.99	0.76	0.75	0.98	0.98	0.87	0.91	0.97	0.81	0.93	0.97	0.98	-0.14	0.95	0.98	0.87	0.8	0.69	-0.68	0.42	0.99		0.31	0.98	0.98	-0.59
Non Currrent Assets Other	0.32	0.6	0.82	0.24	0.37	0.43	0.09	0.24	0.45	0.34	0.36	0.33	-0.16	0.18	0.33	0.43	0.29	0.33	0.19	-0.09	0.28	0.31		0.4	0.26	-0.14
Inventory	0.98	0.73	0.8	0.97	0.99	0.83	0.89	0.96	0.81	0.89	0.96	0.97	-0.12	0.95	0.97	0.83	0.73	0.64	-0.69	0.31	0.97	0.98	0.4		0.96	-0.6
Net Tangible Assets	0.98	0.76	0.68	1.0	0.94	0.88	0.86	1.0	0.72	0.94	0.96	0.97	-0.29	0.97	0.97	0.88	0.75	0.67	-0.74	0.32	0.98	0.98	0.26	0.96		-0.62
Other Stockholder Equity	-0.55	-0.31	-0.33	-0.62	-0.61	-0.45	-0.57	-0.65	-0.25	-0.5	-0.51	-0.52	0.35	-0.66	-0.52	-0.45	-0.37	-0.25	0.69	-0.14	-0.63	-0.59	-0.14	-0.6	-0.62

Click cells to compare fundamentals

West African Account Relationship Matchups

West African fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	336.0M	530.7M	804.2M	878.7M	1.2B	1.3B
Other Current Liab	11.6M	16.1M	84.5M	28.6M	36.4M	38.2M
Total Current Liabilities	15.8M	222.5M	197.3M	87.6M	128.6M	135.1M
Total Stockholder Equity	76.4M	165.2M	525.0M	700.5M	861.2M	904.3M
Accounts Payable	2.3M	24.4M	21.6M	23.9M	46.3M	48.6M
Cash	83.6M	95.0M	183.4M	173.4M	135.1M	141.8M
Net Receivables	1.1M	19.7M	36.2M	40.5M	221.7M	232.7M
Other Current Assets	362K	2.9M	7.9M	13.1M	13.5M	14.2M
Total Liab	261.7M	358.4M	249.8M	138.1M	315.0M	330.8M
Common Stock	162.9M	165.3M	335.3M	335.6M	335.9M	352.6M
Property Plant Equipment	250.8M	361.1M	517.7M	583.1M	670.6M	704.1M
Property Plant And Equipment Net	250.8M	361.1M	517.7M	583.1M	746.7M	784.0M
Net Debt	160.0M	147.1M	(157.6M)	(151.2M)	14.1M	14.8M
Retained Earnings	(93.9M)	(3.9M)	185.5M	349.1M	494.7M	519.4M
Non Current Assets Total	250.8M	361.1M	517.7M	583.6M	746.7M	784.0M
Cash And Short Term Investments	83.6M	95.1M	183.4M	173.4M	135.1M	141.8M
Common Stock Shares Outstanding	868.6M	880.5M	912.1M	1.0B	1.0B	577.2M
Liabilities And Stockholders Equity	336.0M	530.7M	804.2M	878.7M	1.2B	1.3B
Total Current Assets	85.1M	169.7M	286.5M	295.1M	474.2M	497.9M
Accumulated Other Comprehensive Income	7.4M	3.9M	4.2M	15.8M	30.7M	32.2M
Non Currrent Assets Other	3.1M	(250.8M)	517.7M	532K	61.9M	40.5M
Net Tangible Assets	76.4M	165.2M	525.0M	700.5M	805.6M	845.9M
Other Stockholder Equity	7.4M	3.9M	4.2M	689K	620.1K	589.1K
Short Term Debt	1.9M	137.2M	5.8M	20.7M	16.1M	21.4M
Long Term Debt Total	241.7M	104.9M	20M	1.5M	1.7M	1.6M
Other Liab	4.3M	31.1M	32.5M	49.1M	56.5M	59.3M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for West Stock Analysis

When running West African's price analysis, check to measure West African'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 West African is operating at the current time. Most of West African's value examination focuses on studying past and present price action to predict the probability of West African's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move West African's price. Additionally, you may evaluate how the addition of West African to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC