Ajax Cash vs Net Invested Capital Analysis
| AJAX Stock | 3.00 0.00 0.00% |
Ajax Resources financial indicator trend analysis is way more than just evaluating Ajax Resources PLC prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ajax Resources PLC is a good investment. Please check the relationship between Ajax Resources Cash and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ajax Resources PLC. 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 Net Invested Capital
Cash vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ajax Resources PLC Cash account and Net Invested Capital. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Ajax Resources' Cash and Net Invested Capital is 0.88. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Ajax Resources PLC, assuming nothing else is changed. The correlation between historical values of Ajax Resources' Cash and Net Invested Capital 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 Ajax Resources PLC are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Cash i.e., Ajax Resources' Cash and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.88 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Cash
Cash refers to the most liquid asset of Ajax Resources PLC, which is listed under current asset account on Ajax Resources PLC balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Ajax Resources customers. The amounts must be unrestricted with restricted cash listed in a different Ajax Resources 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.Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Most indicators from Ajax Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ajax Resources PLC 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 Ajax Resources PLC. 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 436.1 K in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
| 2010 | 2023 | 2024 (projected) | Interest Income | 16.3K | 138.3K | 85.0K | Net Interest Income | 16.3K | 138.3K | 85.0K |
Ajax Resources fundamental ratios Correlations
Click cells to compare fundamentals
Ajax Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Ajax Resources' price analysis, check to measure Ajax Resources' 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 Ajax Resources is operating at the current time. Most of Ajax Resources' value examination focuses on studying past and present price action to predict the probability of Ajax Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ajax Resources' price. Additionally, you may evaluate how the addition of Ajax Resources to your portfolios can decrease your overall portfolio volatility.