Aris Enterprise Value vs Working Capital Analysis

ARIS Stock  CAD 5.52  0.31  5.32%   
Aris Gold financial indicator trend analysis is way more than just evaluating Aris Gold Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aris Gold Corp is a good investment. Please check the relationship between Aris Gold Enterprise Value and its Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aris Gold Corp. 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.

Enterprise Value vs Working Capital

Enterprise Value vs Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aris Gold Corp Enterprise Value account and Working Capital. At this time, the significance of the direction appears to have weak relationship.
The correlation between Aris Gold's Enterprise Value and Working Capital is 0.35. Overlapping area represents the amount of variation of Enterprise Value that can explain the historical movement of Working Capital in the same time period over historical financial statements of Aris Gold Corp, assuming nothing else is changed. The correlation between historical values of Aris Gold's Enterprise Value and Working 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 Enterprise Value of Aris Gold Corp are associated (or correlated) with its Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Working Capital has no effect on the direction of Enterprise Value i.e., Aris Gold's Enterprise Value and Working Capital go up and down completely randomly.

Correlation Coefficient

0.35
Relationship DirectionPositive 
Relationship StrengthVery Weak

Enterprise Value

Enterprise Value (or EV) is usually referred to as Aris Gold theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Aris Gold Corp debt, but would also pocket its cash. Enterprise Value is more accurate representation of Aris Gold value than its market capitalization because it takes into account all of Aris Gold Corp existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.

Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity and operational efficiency of the business.
Most indicators from Aris Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aris Gold Corp 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 Aris Gold Corp. 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, Aris Gold's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 12th of December 2024, Enterprise Value Multiple is likely to grow to 4.21, while Selling General Administrative is likely to drop about 20.9 M.
 2021 2022 2023 2024 (projected)
Interest Income17.6M40.7M10.8M15.4M
Tax Provision1.8M62.6M47.4M25.2M

Aris Gold fundamental ratios Correlations

0.130.470.940.930.560.00.820.790.960.080.790.970.720.970.170.970.820.87-0.020.960.040.140.10.020.8
0.130.52-0.09-0.05-0.28-0.60.150.25-0.050.220.250.170.190.150.170.260.460.450.670.06-0.180.15-0.05-0.190.22
0.470.520.280.460.42-0.520.640.290.43-0.060.290.540.210.390.010.570.440.50.330.46-0.19-0.090.71-0.210.33
0.94-0.090.280.940.580.210.720.660.970.080.660.860.60.860.340.830.650.76-0.150.850.260.20.030.250.66
0.93-0.050.460.940.770.050.840.530.99-0.140.530.880.610.850.250.860.560.77-0.130.850.140.00.20.120.6
0.56-0.280.420.580.770.050.790.020.71-0.410.020.530.240.47-0.020.520.10.35-0.030.550.14-0.170.340.120.16
0.0-0.6-0.520.210.050.05-0.19-0.080.07-0.16-0.08-0.07-0.23-0.050.12-0.16-0.16-0.25-0.25-0.040.510.11-0.250.55-0.09
0.820.150.640.720.840.79-0.190.440.82-0.140.440.810.440.77-0.050.830.590.760.260.790.020.040.21-0.020.5
0.790.250.290.660.530.02-0.080.440.630.381.00.80.720.87-0.020.840.940.69-0.080.85-0.250.170.0-0.260.92
0.96-0.050.430.970.990.710.070.820.63-0.050.630.910.650.890.230.890.640.79-0.140.90.120.050.160.10.67
0.080.22-0.060.08-0.14-0.41-0.16-0.140.38-0.050.38-0.010.120.10.110.080.350.020.150.11-0.030.7-0.17-0.040.16
0.790.250.290.660.530.02-0.080.441.00.630.380.80.720.87-0.020.840.940.69-0.080.85-0.250.170.0-0.260.92
0.970.170.540.860.880.53-0.070.810.80.91-0.010.80.770.960.030.980.840.87-0.010.95-0.070.060.17-0.10.83
0.720.190.210.60.610.24-0.230.440.720.650.120.720.770.81-0.130.770.680.7-0.190.73-0.39-0.01-0.08-0.410.76
0.970.150.390.860.850.47-0.050.770.870.890.10.870.960.810.010.980.880.85-0.020.97-0.120.090.0-0.140.87
0.170.170.010.340.25-0.020.12-0.05-0.020.230.11-0.020.03-0.130.010.010.00.22-0.01-0.030.650.25-0.080.67-0.05
0.970.260.570.830.860.52-0.160.830.840.890.080.840.980.770.980.010.880.870.060.97-0.150.060.16-0.170.85
0.820.460.440.650.560.1-0.160.590.940.640.350.940.840.680.880.00.880.80.250.84-0.140.3-0.06-0.160.86
0.870.450.50.760.770.35-0.250.760.690.790.020.690.870.70.850.220.870.80.190.760.010.14-0.08-0.010.7
-0.020.670.33-0.15-0.13-0.03-0.250.26-0.08-0.140.15-0.08-0.01-0.19-0.02-0.010.060.250.19-0.080.250.49-0.240.22-0.14
0.960.060.460.850.850.55-0.040.790.850.90.110.850.950.730.97-0.030.970.840.76-0.08-0.130.060.18-0.160.85
0.04-0.18-0.190.260.140.140.510.02-0.250.12-0.03-0.25-0.07-0.39-0.120.65-0.15-0.140.010.25-0.130.54-0.241.0-0.3
0.140.15-0.090.20.0-0.170.110.040.170.050.70.170.06-0.010.090.250.060.30.140.490.060.54-0.360.510.01
0.1-0.050.710.030.20.34-0.250.210.00.16-0.170.00.17-0.080.0-0.080.16-0.06-0.08-0.240.18-0.24-0.36-0.240.08
0.02-0.19-0.210.250.120.120.55-0.02-0.260.1-0.04-0.26-0.1-0.41-0.140.67-0.17-0.16-0.010.22-0.161.00.51-0.24-0.31
0.80.220.330.660.60.16-0.090.50.920.670.160.920.830.760.87-0.050.850.860.7-0.140.85-0.30.010.08-0.31
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Aris Gold Account Relationship Matchups

Aris Gold fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets359.4M650.6M998.4M1.2B1.4B1.4B
Other Current Liab47.2M129.5M31.5M36.3M38.7M24.3M
Total Current Liabilities86.8M178.4M64.3M145.3M134.2M140.9M
Total Stockholder Equity117.6M153.7M478.5M501.4M624.7M655.9M
Property Plant And Equipment Net207.5M302.6M455.8M749.1M943.5M990.6M
Net Debt8.0M22.6M(5.5M)136.6M188.3M197.7M
Retained Earnings(395.4M)(383.2M)(212.4M)(221.4M)(215.4M)(226.2M)
Accounts Payable20.9M34.5M23.0M37.9M55.5M58.3M
Cash84.2M122.5M323.6M299.5M194.6M204.4M
Non Current Assets Total222.5M321.9M616.4M863.9M1.1B1.1B
Other Assets4.3M8.8M23.9M1.2M1.4M1.4M
Cash And Short Term Investments84.2M122.5M323.6M299.5M194.6M204.4M
Net Receivables15.3M24.2M29.6M48.5M49.3M51.7M
Common Stock Shares Outstanding49.5M60.7M94.9M117.2M137.1M143.9M
Liabilities And Stockholders Equity359.4M650.6M998.4M1.2B1.4B1.4B
Non Current Liabilities Total154.9M275.9M455.5M595.5M594.0M623.7M
Other Stockholder Equity176.1M180.5M187.6M190.9M191.5M143.7M
Total Liab241.8M454.3M519.9M740.7M728.2M764.6M
Total Current Assets136.9M328.7M382.0M378.2M289.1M303.6M
Inventory24.3M30.4M22.4M26.6M38.9M40.8M
Other Current Assets13.0M151.6M4.5M907K1.7M1.6M
Short Long Term Debt Total92.3M145.2M318.1M436.1M382.9M402.1M
Non Currrent Assets Other4.3M8.8M14.1M1.2M1.8M1.7M
Short Term Debt18.7M14.3M9.9M69.4M38.8M34.2M
Accumulated Other Comprehensive Income(109.0M)(115.8M)(122.7M)(183.1M)(71.2M)(74.7M)
Common Stock446.0M472.2M626.0M715.0M719.8M516.7M
Capital Surpluse176.1M4.1M5.4M180.7M207.8M218.2M
Property Plant Equipment207.5M302.6M455.8M749.1M861.5M904.6M
Long Term Debt72.0M81.7M79.6M362.9M341.0M358.1M
Long Term Debt Total73.6M82.0M79.9M366.6M421.6M442.7M
Cash And Equivalents84.2M122.5M323.6M299.5M344.4M361.6M
Other Liab81.4M145.1M147.3M228.9M263.2M151.1M
Net Tangible Assets117.6M153.7M478.5M501.4M576.6M329.3M
Net Invested Capital29.5M67.1M212.8M931.3M1.0B1.1B
Long Term Investments10.7M10.4M146.5M113.5M118.5M74.3M
Short Long Term Debt18M1.5M6.5M67.0M36.8M27.4M
Capital Stock44.6M165.5M239.6M715.0M719.8M425.2M

Pair Trading with Aris Gold

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Aris Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aris Gold will appreciate offsetting losses from the drop in the long position's value.

Moving together with Aris Stock

  0.68ORE Orezone Gold CorpPairCorr

Moving against Aris Stock

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  0.77WCN Waste ConnectionsPairCorr
  0.74CSU Constellation SoftwarePairCorr
  0.61FSV FirstService CorpPairCorr
  0.43IFC Intact FinancialPairCorr
The ability to find closely correlated positions to Aris Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aris Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aris Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aris Gold Corp to buy it.
The correlation of Aris Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aris Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aris Gold Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Aris Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Aris Stock

Balance Sheet is a snapshot of the financial position of Aris Gold Corp at a specified time, usually calculated after every quarter, six months, or one year. Aris Gold Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Aris Gold and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Aris currently owns. An asset can also be divided into two categories, current and non-current.