Aris Net Receivables vs Retained Earnings 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 Net Receivables and its Retained Earnings 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.

Net Receivables vs Retained Earnings

Net Receivables vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aris Gold Corp Net Receivables account and Retained Earnings. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Aris Gold's Net Receivables and Retained Earnings is -0.07. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Retained Earnings 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 Net Receivables and Retained Earnings 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 Receivables of Aris Gold Corp are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Net Receivables i.e., Aris Gold's Net Receivables and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.07

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Receivables

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

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 13th 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 Income	17.6M	40.7M	10.8M	15.4M
Tax Provision	1.8M	62.6M	47.4M	25.2M

Interest Income Tax Provision

Aris Gold fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Inventory	Other Current Assets	Short Long Term Debt Total	Current Deferred Revenue	Non Currrent Assets Other	Short Term Debt	Good Will	Common Stock
Total Assets		0.13	0.47	0.94	0.93	0.56	0.0	0.82	0.79	0.96	0.08	0.79	0.97	0.72	0.97	0.17	0.97	0.82	0.87	-0.02	0.96	0.04	0.14	0.1	0.02	0.8
Other Current Liab	0.13		0.52	-0.09	-0.05	-0.28	-0.6	0.15	0.25	-0.05	0.22	0.25	0.17	0.19	0.15	0.17	0.26	0.46	0.45	0.67	0.06	-0.18	0.15	-0.05	-0.19	0.22
Total Current Liabilities	0.47	0.52		0.28	0.46	0.42	-0.52	0.64	0.29	0.43	-0.06	0.29	0.54	0.21	0.39	0.01	0.57	0.44	0.5	0.33	0.46	-0.19	-0.09	0.71	-0.21	0.33
Total Stockholder Equity	0.94	-0.09	0.28		0.94	0.58	0.21	0.72	0.66	0.97	0.08	0.66	0.86	0.6	0.86	0.34	0.83	0.65	0.76	-0.15	0.85	0.26	0.2	0.03	0.25	0.66
Property Plant And Equipment Net	0.93	-0.05	0.46	0.94		0.77	0.05	0.84	0.53	0.99	-0.14	0.53	0.88	0.61	0.85	0.25	0.86	0.56	0.77	-0.13	0.85	0.14	0.0	0.2	0.12	0.6
Net Debt	0.56	-0.28	0.42	0.58	0.77		0.05	0.79	0.02	0.71	-0.41	0.02	0.53	0.24	0.47	-0.02	0.52	0.1	0.35	-0.03	0.55	0.14	-0.17	0.34	0.12	0.16
Retained Earnings	0.0	-0.6	-0.52	0.21	0.05	0.05		-0.19	-0.08	0.07	-0.16	-0.08	-0.07	-0.23	-0.05	0.12	-0.16	-0.16	-0.25	-0.25	-0.04	0.51	0.11	-0.25	0.55	-0.09
Accounts Payable	0.82	0.15	0.64	0.72	0.84	0.79	-0.19		0.44	0.82	-0.14	0.44	0.81	0.44	0.77	-0.05	0.83	0.59	0.76	0.26	0.79	0.02	0.04	0.21	-0.02	0.5
Cash	0.79	0.25	0.29	0.66	0.53	0.02	-0.08	0.44		0.63	0.38	1.0	0.8	0.72	0.87	-0.02	0.84	0.94	0.69	-0.08	0.85	-0.25	0.17	0.0	-0.26	0.92
Non Current Assets Total	0.96	-0.05	0.43	0.97	0.99	0.71	0.07	0.82	0.63		-0.05	0.63	0.91	0.65	0.89	0.23	0.89	0.64	0.79	-0.14	0.9	0.12	0.05	0.16	0.1	0.67
Other Assets	0.08	0.22	-0.06	0.08	-0.14	-0.41	-0.16	-0.14	0.38	-0.05		0.38	-0.01	0.12	0.1	0.11	0.08	0.35	0.02	0.15	0.11	-0.03	0.7	-0.17	-0.04	0.16
Cash And Short Term Investments	0.79	0.25	0.29	0.66	0.53	0.02	-0.08	0.44	1.0	0.63	0.38		0.8	0.72	0.87	-0.02	0.84	0.94	0.69	-0.08	0.85	-0.25	0.17	0.0	-0.26	0.92
Net Receivables	0.97	0.17	0.54	0.86	0.88	0.53	-0.07	0.81	0.8	0.91	-0.01	0.8		0.77	0.96	0.03	0.98	0.84	0.87	-0.01	0.95	-0.07	0.06	0.17	-0.1	0.83
Common Stock Shares Outstanding	0.72	0.19	0.21	0.6	0.61	0.24	-0.23	0.44	0.72	0.65	0.12	0.72	0.77		0.81	-0.13	0.77	0.68	0.7	-0.19	0.73	-0.39	-0.01	-0.08	-0.41	0.76
Non Current Liabilities Total	0.97	0.15	0.39	0.86	0.85	0.47	-0.05	0.77	0.87	0.89	0.1	0.87	0.96	0.81		0.01	0.98	0.88	0.85	-0.02	0.97	-0.12	0.09	0.0	-0.14	0.87
Other Stockholder Equity	0.17	0.17	0.01	0.34	0.25	-0.02	0.12	-0.05	-0.02	0.23	0.11	-0.02	0.03	-0.13	0.01		0.01	0.0	0.22	-0.01	-0.03	0.65	0.25	-0.08	0.67	-0.05
Total Liab	0.97	0.26	0.57	0.83	0.86	0.52	-0.16	0.83	0.84	0.89	0.08	0.84	0.98	0.77	0.98	0.01		0.88	0.87	0.06	0.97	-0.15	0.06	0.16	-0.17	0.85
Total Current Assets	0.82	0.46	0.44	0.65	0.56	0.1	-0.16	0.59	0.94	0.64	0.35	0.94	0.84	0.68	0.88	0.0	0.88		0.8	0.25	0.84	-0.14	0.3	-0.06	-0.16	0.86
Inventory	0.87	0.45	0.5	0.76	0.77	0.35	-0.25	0.76	0.69	0.79	0.02	0.69	0.87	0.7	0.85	0.22	0.87	0.8		0.19	0.76	0.01	0.14	-0.08	-0.01	0.7
Other Current Assets	-0.02	0.67	0.33	-0.15	-0.13	-0.03	-0.25	0.26	-0.08	-0.14	0.15	-0.08	-0.01	-0.19	-0.02	-0.01	0.06	0.25	0.19		-0.08	0.25	0.49	-0.24	0.22	-0.14
Short Long Term Debt Total	0.96	0.06	0.46	0.85	0.85	0.55	-0.04	0.79	0.85	0.9	0.11	0.85	0.95	0.73	0.97	-0.03	0.97	0.84	0.76	-0.08		-0.13	0.06	0.18	-0.16	0.85
Current Deferred Revenue	0.04	-0.18	-0.19	0.26	0.14	0.14	0.51	0.02	-0.25	0.12	-0.03	-0.25	-0.07	-0.39	-0.12	0.65	-0.15	-0.14	0.01	0.25	-0.13		0.54	-0.24	1.0	-0.3
Non Currrent Assets Other	0.14	0.15	-0.09	0.2	0.0	-0.17	0.11	0.04	0.17	0.05	0.7	0.17	0.06	-0.01	0.09	0.25	0.06	0.3	0.14	0.49	0.06	0.54		-0.36	0.51	0.01
Short Term Debt	0.1	-0.05	0.71	0.03	0.2	0.34	-0.25	0.21	0.0	0.16	-0.17	0.0	0.17	-0.08	0.0	-0.08	0.16	-0.06	-0.08	-0.24	0.18	-0.24	-0.36		-0.24	0.08
Good Will	0.02	-0.19	-0.21	0.25	0.12	0.12	0.55	-0.02	-0.26	0.1	-0.04	-0.26	-0.1	-0.41	-0.14	0.67	-0.17	-0.16	-0.01	0.22	-0.16	1.0	0.51	-0.24		-0.31
Common Stock	0.8	0.22	0.33	0.66	0.6	0.16	-0.09	0.5	0.92	0.67	0.16	0.92	0.83	0.76	0.87	-0.05	0.85	0.86	0.7	-0.14	0.85	-0.3	0.01	0.08	-0.31

Click cells to compare fundamentals

Aris Gold Account Relationship Matchups

Aris Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	359.4M	650.6M	998.4M	1.2B	1.4B	1.4B
Other Current Liab	47.2M	129.5M	31.5M	36.3M	38.7M	24.3M
Total Current Liabilities	86.8M	178.4M	64.3M	145.3M	134.2M	140.9M
Total Stockholder Equity	117.6M	153.7M	478.5M	501.4M	624.7M	655.9M
Property Plant And Equipment Net	207.5M	302.6M	455.8M	749.1M	943.5M	990.6M
Net Debt	8.0M	22.6M	(5.5M)	136.6M	188.3M	197.7M
Retained Earnings	(395.4M)	(383.2M)	(212.4M)	(221.4M)	(215.4M)	(226.2M)
Accounts Payable	20.9M	34.5M	23.0M	37.9M	55.5M	58.3M
Cash	84.2M	122.5M	323.6M	299.5M	194.6M	204.4M
Non Current Assets Total	222.5M	321.9M	616.4M	863.9M	1.1B	1.1B
Other Assets	4.3M	8.8M	23.9M	1.2M	1.4M	1.4M
Cash And Short Term Investments	84.2M	122.5M	323.6M	299.5M	194.6M	204.4M
Net Receivables	15.3M	24.2M	29.6M	48.5M	49.3M	51.7M
Common Stock Shares Outstanding	49.5M	60.7M	94.9M	117.2M	137.1M	143.9M
Liabilities And Stockholders Equity	359.4M	650.6M	998.4M	1.2B	1.4B	1.4B
Non Current Liabilities Total	154.9M	275.9M	455.5M	595.5M	594.0M	623.7M
Other Stockholder Equity	176.1M	180.5M	187.6M	190.9M	191.5M	143.7M
Total Liab	241.8M	454.3M	519.9M	740.7M	728.2M	764.6M
Total Current Assets	136.9M	328.7M	382.0M	378.2M	289.1M	303.6M
Inventory	24.3M	30.4M	22.4M	26.6M	38.9M	40.8M
Other Current Assets	13.0M	151.6M	4.5M	907K	1.7M	1.6M
Short Long Term Debt Total	92.3M	145.2M	318.1M	436.1M	382.9M	402.1M
Non Currrent Assets Other	4.3M	8.8M	14.1M	1.2M	1.8M	1.7M
Short Term Debt	18.7M	14.3M	9.9M	69.4M	38.8M	34.2M
Accumulated Other Comprehensive Income	(109.0M)	(115.8M)	(122.7M)	(183.1M)	(71.2M)	(74.7M)
Common Stock	446.0M	472.2M	626.0M	715.0M	719.8M	516.7M
Capital Surpluse	176.1M	4.1M	5.4M	180.7M	207.8M	218.2M
Property Plant Equipment	207.5M	302.6M	455.8M	749.1M	861.5M	904.6M
Long Term Debt	72.0M	81.7M	79.6M	362.9M	341.0M	358.1M
Long Term Debt Total	73.6M	82.0M	79.9M	366.6M	421.6M	442.7M
Cash And Equivalents	84.2M	122.5M	323.6M	299.5M	344.4M	361.6M
Other Liab	81.4M	145.1M	147.3M	228.9M	263.2M	151.1M
Net Tangible Assets	117.6M	153.7M	478.5M	501.4M	576.6M	329.3M
Net Invested Capital	29.5M	67.1M	212.8M	931.3M	1.0B	1.1B
Long Term Investments	10.7M	10.4M	146.5M	113.5M	118.5M	74.3M
Short Long Term Debt	18M	1.5M	6.5M	67.0M	36.8M	27.4M
Capital Stock	44.6M	165.5M	239.6M	715.0M	719.8M	425.2M

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

0.69

ORE

Orezone Gold Corp

Pair Corr

Moving against Aris Stock

0.83	FFH	Fairfax Financial	Pair Corr
0.78	WCN	Waste Connections	Pair Corr
0.76	CSU	Constellation Software	Pair Corr
0.64	FSV	FirstService Corp	Pair Corr
0.44	IFC	Intact Financial	Pair Corr

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 Correlation Correlation 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.

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Aris Net Receivables vs Retained Earnings Analysis

Net Receivables vs Retained Earnings

Net Receivables vs Retained Earnings Correlation Analysis

Correlation Coefficient

Net Receivables

Retained Earnings

Aris Gold fundamental ratios Correlations

Aris Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Aris Gold fundamental ratios Accounts

Pair Trading with Aris Gold

Moving together with Aris Stock

Moving against Aris Stock

Other Information on Investing in Aris Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Good Will	+ 1.0	Current Deferred Revenue
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.98	Net Receivables
Total Liab	+ 0.98	Non Current Liabilities Total
Net Receivables	+ 0.97	Total Assets

Retained Earnings	- 0.6	Other Current Liab
Retained Earnings	- 0.52	Total Current Liabilities
Good Will	- 0.41	Common Stock Shares Outstanding
Other Assets	- 0.41	Net Debt
Current Deferred Revenue	- 0.39	Common Stock Shares Outstanding
Short Term Debt	- 0.36	Non Currrent Assets Other