Asiabasemetals Net Tangible Assets vs Inventory Analysis

ABZ Stock  CAD 0.08  0.03  45.45%   
Asiabasemetals financial indicator trend analysis is way more than just evaluating Asiabasemetals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Asiabasemetals is a good investment. Please check the relationship between Asiabasemetals Net Tangible Assets and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Asiabasemetals. 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.

Net Tangible Assets vs Inventory

Net Tangible Assets vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Asiabasemetals Net Tangible Assets account and Inventory. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Asiabasemetals' Net Tangible Assets and Inventory is -0.12. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Inventory in the same time period over historical financial statements of Asiabasemetals, assuming nothing else is changed. The correlation between historical values of Asiabasemetals' Net Tangible Assets and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Asiabasemetals are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Net Tangible Assets i.e., Asiabasemetals' Net Tangible Assets and Inventory go up and down completely randomly.

Correlation Coefficient

-0.12
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Inventory

Most indicators from Asiabasemetals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Asiabasemetals 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, which includes a position in Asiabasemetals. 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 drop to about 78.6 K in 2024. Issuance Of Capital Stock is expected to grow at the current pace this year

Asiabasemetals fundamental ratios Correlations

0.910.72-0.990.690.990.680.99-0.460.99-0.6-0.6-0.19-0.04-0.60.73-0.680.55-0.210.530.650.260.45-0.440.450.45
0.910.7-0.90.850.910.630.91-0.640.91-0.75-0.86-0.35-0.09-0.860.68-0.90.71-0.30.580.810.510.56-0.550.560.56
0.720.7-0.630.730.640.990.64-0.580.62-0.68-0.45-0.31-0.23-0.450.99-0.530.55-0.390.380.290.490.54-0.540.540.54
-0.99-0.9-0.63-0.65-1.0-0.59-1.00.42-1.00.550.580.2-0.030.58-0.640.66-0.520.15-0.48-0.69-0.2-0.40.4-0.4-0.4
0.690.850.73-0.650.660.640.66-0.910.65-0.95-0.81-0.52-0.16-0.810.7-0.810.88-0.560.550.60.830.8-0.80.80.8
0.990.910.64-1.00.660.61.0-0.441.0-0.57-0.59-0.210.04-0.590.64-0.670.54-0.180.480.70.230.42-0.410.420.42
0.680.630.99-0.590.640.60.6-0.490.57-0.6-0.36-0.22-0.25-0.360.99-0.440.45-0.340.340.20.40.48-0.480.480.48
0.990.910.64-1.00.661.00.6-0.441.0-0.57-0.59-0.210.04-0.590.64-0.670.54-0.180.480.70.230.42-0.410.420.42
-0.46-0.64-0.580.42-0.91-0.44-0.49-0.44-0.430.980.660.470.170.66-0.550.63-0.820.6-0.41-0.43-0.87-0.850.82-0.85-0.85
0.990.910.62-1.00.651.00.571.0-0.43-0.56-0.6-0.170.01-0.60.62-0.680.53-0.170.530.690.210.41-0.40.410.41
-0.6-0.75-0.680.55-0.95-0.57-0.6-0.570.98-0.560.710.480.180.71-0.660.71-0.830.56-0.51-0.51-0.85-0.820.79-0.82-0.82
-0.6-0.86-0.450.58-0.81-0.59-0.36-0.590.66-0.60.710.40.111.0-0.410.98-0.740.33-0.53-0.77-0.66-0.530.52-0.53-0.53
-0.19-0.35-0.310.2-0.52-0.21-0.22-0.210.47-0.170.480.4-0.030.4-0.30.35-0.520.12-0.06-0.56-0.54-0.310.32-0.31-0.31
-0.04-0.09-0.23-0.03-0.160.04-0.250.040.170.010.180.11-0.030.11-0.280.05-0.16-0.05-0.580.08-0.02-0.350.35-0.35-0.35
-0.6-0.86-0.450.58-0.81-0.59-0.36-0.590.66-0.60.711.00.40.11-0.410.98-0.740.33-0.53-0.77-0.66-0.530.52-0.53-0.53
0.730.680.99-0.640.70.640.990.64-0.550.62-0.66-0.41-0.3-0.28-0.41-0.480.51-0.350.380.30.430.56-0.560.560.56
-0.68-0.9-0.530.66-0.81-0.67-0.44-0.670.63-0.680.710.980.350.050.98-0.48-0.740.35-0.52-0.77-0.66-0.480.47-0.48-0.48
0.550.710.55-0.520.880.540.450.54-0.820.53-0.83-0.74-0.52-0.16-0.740.51-0.74-0.730.460.590.80.8-0.80.80.8
-0.21-0.3-0.390.15-0.56-0.18-0.34-0.180.6-0.170.560.330.12-0.050.33-0.350.35-0.73-0.2-0.12-0.62-0.730.73-0.73-0.73
0.530.580.38-0.480.550.480.340.48-0.410.53-0.51-0.53-0.06-0.58-0.530.38-0.520.46-0.20.370.30.43-0.420.430.43
0.650.810.29-0.690.60.70.20.7-0.430.69-0.51-0.77-0.560.08-0.770.3-0.770.59-0.120.370.380.33-0.330.330.33
0.260.510.49-0.20.830.230.40.23-0.870.21-0.85-0.66-0.54-0.02-0.660.43-0.660.8-0.620.30.380.63-0.610.630.63
0.450.560.54-0.40.80.420.480.42-0.850.41-0.82-0.53-0.31-0.35-0.530.56-0.480.8-0.730.430.330.63-0.991.01.0
-0.44-0.55-0.540.4-0.8-0.41-0.48-0.410.82-0.40.790.520.320.350.52-0.560.47-0.80.73-0.42-0.33-0.61-0.99-0.99-0.99
0.450.560.54-0.40.80.420.480.42-0.850.41-0.82-0.53-0.31-0.35-0.530.56-0.480.8-0.730.430.330.631.0-0.991.0
0.450.560.54-0.40.80.420.480.42-0.850.41-0.82-0.53-0.31-0.35-0.530.56-0.480.8-0.730.430.330.631.0-0.991.0
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Asiabasemetals Account Relationship Matchups

Asiabasemetals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets169.2K106.3K82.5K20.8K18.7K17.8K
Total Stockholder Equity(310.3K)(251.4K)(91.8K)(394.7K)(355.2K)(337.5K)
Net Debt(116.7K)(65.5K)(40.2K)(1.5K)(1.7K)(1.8K)
Retained Earnings(5.5M)(5.8M)(6.1M)(6.8M)(6.1M)(5.8M)
Cash116.7K65.5K40.2K1.5K1.3K1.3K
Non Current Assets Total23.2K33.2K21.7K13.5K12.1K11.5K
Cash And Short Term Investments116.7K65.5K40.2K1.5K1.3K1.3K
Common Stock Shares Outstanding42.1M44.5M46.8M49.2M56.6M29.7M
Liabilities And Stockholders Equity169.2K106.3K82.5K20.8K18.7K17.8K
Total Current Assets147.5K84.6K60.8K7.3K6.6K6.3K
Common Stock3.9M4.2M4.6M4.7M5.4M3.1M
Total Current Liabilities479.4K357.7K174.3K415.5K477.8K501.7K
Net Receivables17.0K14.3K20.7K5.8K6.7K10.3K
Other Stockholder Equity761.6K980.3K1.3M1.4M1.6M1.5M
Total Liab479.4K357.7K174.3K415.5K477.8K501.7K
Other Current Liab479.3K357.4K174.2K415.4K477.7K501.6K
Accounts Payable168.36261.7591.05135.34121.81115.72
Accumulated Other Comprehensive Income980.3K1.3M1.4M1.7M2.0M2.1M
Other Current Assets13.8K4.8K20.655.835.254.98
Net Tangible Assets(3.5K)(310.3K)(251.4K)(91.8K)(82.6K)(78.5K)
Net Invested Capital(310.3K)(251.4K)(91.8K)(394.7K)(355.2K)(337.5K)
Net Working Capital(331.9K)(273.1K)(113.5K)(408.2K)(367.4K)(349.0K)
Capital Stock3.9M4.2M4.6M4.7M5.4M4.3M

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