Contango Payables Turnover from 2010 to 2025
| CTGO Stock | USD 9.67 0.01 0.10% |
Payables Turnover | First Reported 2010-12-31 | Previous Quarter 0.54 | Current Value 0.51 | Quarterly Volatility 1.3 M |
Check Contango ORE financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Contango ORE's main balance sheet or income statement drivers, such as Selling General Administrative of 11.1 M, Other Operating Expenses of 21.3 M or Total Operating Expenses of 7.9 M, as well as many indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or Days Sales Outstanding of 0.0. Contango financial statements analysis is a perfect complement when working with Contango ORE Valuation or Volatility modules.
Contango | Payables Turnover |
Latest Contango ORE's Payables Turnover Growth Pattern
Below is the plot of the Payables Turnover of Contango ORE over the last few years. It is a liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable. Contango ORE's Payables Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Contango ORE's overall financial position and show how it may be relating to other accounts over time.
| Payables Turnover | 10 Years Trend |
|
Payables Turnover |
| Timeline |
Contango Payables Turnover Regression Statistics
| Arithmetic Mean | 509,574 | |
| Geometric Mean | 50.43 | |
| Coefficient Of Variation | 255.92 | |
| Mean Deviation | 734,955 | |
| Median | 0.54 | |
| Standard Deviation | 1,304,097 | |
| Sample Variance | 1.7T | |
| Range | 5.2M | |
| R-Value | (0.35) | |
| Mean Square Error | 1.6T | |
| R-Squared | 0.12 | |
| Significance | 0.18 | |
| Slope | (96,311) | |
| Total Sum of Squares | 25.5T |
Contango Payables Turnover History
About Contango ORE Financial Statements
Contango ORE investors utilize fundamental indicators, such as Payables Turnover, to predict how Contango Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Payables Turnover | 0.54 | 0.51 |
Check out the analysis of Contango ORE Correlation against competitors. To learn how to invest in Contango Stock, please use our How to Invest in Contango ORE guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Contango ORE. If investors know Contango will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Contango ORE listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Contango ORE is measured differently than its book value, which is the value of Contango that is recorded on the company's balance sheet. Investors also form their own opinion of Contango ORE's value that differs from its market value or its book value, called intrinsic value, which is Contango ORE's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Contango ORE's market value can be influenced by many factors that don't directly affect Contango ORE's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Contango ORE's value and its price as these two are different measures arrived at by different means. Investors typically determine if Contango ORE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Contango ORE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.