| 0QYM Stock | | | 6.53 0.28 4.48% |
Fortuna Silver financial indicator trend analysis is much more than just examining Fortuna Silver Mines latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fortuna Silver Mines is a good investment. Please check the relationship between Fortuna Silver Accounts Payable and its Net Receivables accounts. Check out
Trending Equities to better understand how to build diversified portfolios. 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.
Accounts Payable vs Net Receivables
Accounts Payable vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Fortuna Silver Mines Accounts Payable account and
Net Receivables. At this time, the significance of the direction appears to have strong relationship.
The correlation between Fortuna Silver's Accounts Payable and Net Receivables is 0.76. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Fortuna Silver Mines, assuming nothing else is changed. The correlation between historical values of Fortuna Silver's Accounts Payable and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Fortuna Silver Mines are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Accounts Payable i.e., Fortuna Silver's Accounts Payable and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.76 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Fortuna Silver 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 Fortuna Silver Mines 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.
Net Receivables
Most indicators from Fortuna Silver's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fortuna Silver 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
Trending Equities to better understand how to build diversified portfolios. 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.
Selling General Administrative is likely to gain to about 77.4
M in 2025, whereas
Tax Provision is likely to drop slightly above 25.4
M in 2025.
Fortuna Silver fundamental ratios Correlations
Click cells to compare fundamentals
Fortuna Silver Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Fortuna Silver fundamental ratios Accounts
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