| YAK Stock | | | CAD 1.35 0.04 2.88% |
Mongolia Growth financial indicator trend analysis is infinitely more than just investigating Mongolia Growth Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mongolia Growth Group is a good investment. Please check the relationship between Mongolia Growth Cash and its Accounts Payable accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Mongolia Growth Group. 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 vs Accounts Payable
Cash vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mongolia Growth Group Cash account and
Accounts Payable. At this time, the significance of the direction appears to have very week relationship.
The correlation between Mongolia Growth's Cash and Accounts Payable is 0.26. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Mongolia Growth Group, assuming nothing else is changed. The correlation between historical values of Mongolia Growth's Cash and Accounts Payable 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 of Mongolia Growth Group are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Cash i.e., Mongolia Growth's Cash and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.26 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of Mongolia Growth Group, which is listed under current asset account on Mongolia Growth Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Mongolia Growth customers. The amounts must be unrestricted with restricted cash listed in a different Mongolia Growth account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Accounts Payable
An accounting item on the balance sheet that represents Mongolia Growth obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Mongolia Growth Group are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Mongolia Growth's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mongolia Growth Group 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 Mongolia Growth Group. 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, Mongolia Growth's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 34
M in 2024, whereas
Discontinued Operations is likely to drop slightly above 76
K in 2024.
Mongolia Growth fundamental ratios Correlations
Click cells to compare fundamentals
Mongolia Growth Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mongolia Growth fundamental ratios Accounts
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Additional Tools for Mongolia Stock Analysis
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measure Mongolia Growth'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 Mongolia Growth is operating at the current time. Most of Mongolia Growth's value examination focuses on studying past and present price action to
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