Dore Ptb Ratio vs Average Payables Analysis

DCMC Stock  CAD 0.14  0.00  0.00%   
Dore Copper financial indicator trend analysis is much more than just examining Dore Copper Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dore Copper Mining is a good investment. Please check the relationship between Dore Copper Ptb Ratio and its Average Payables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dore Copper Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Ptb Ratio vs Average Payables

Ptb Ratio vs Average Payables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dore Copper Mining Ptb Ratio account and Average Payables. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Dore Copper's Ptb Ratio and Average Payables is -0.4. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Average Payables in the same time period over historical financial statements of Dore Copper Mining, assuming nothing else is changed. The correlation between historical values of Dore Copper's Ptb Ratio and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of Dore Copper Mining are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Ptb Ratio i.e., Dore Copper's Ptb Ratio and Average Payables go up and down completely randomly.

Correlation Coefficient

-0.4
Relationship DirectionNegative 
Relationship StrengthVery Weak

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.
Most indicators from Dore Copper's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dore Copper Mining 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dore Copper Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
At this time, Dore Copper's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 10.5 M in 2024, whereas Tax Provision is likely to drop (714.4 K) in 2024.
 2021 2022 2023 2024 (projected)
Reconciled Depreciation2.3K80.6K83.4K46.0K
Cost Of Revenue2.3K80.6K83.4K46.0K

Dore Copper fundamental ratios Correlations

0.88-0.8-0.30.790.320.730.850.850.930.9-0.640.720.640.690.990.90.90.750.870.590.49-0.410.5-0.26
0.88-0.96-0.40.930.150.810.690.990.880.86-0.410.610.410.940.910.860.960.560.90.810.74-0.190.77-0.64
-0.8-0.960.55-0.980.03-0.82-0.51-0.99-0.74-0.710.17-0.39-0.18-0.97-0.83-0.71-0.95-0.36-0.92-0.92-0.860.26-0.880.69
-0.3-0.40.55-0.580.18-0.66-0.15-0.5-0.25-0.22-0.120.010.08-0.52-0.33-0.23-0.48-0.08-0.6-0.49-0.450.16-0.460.36
0.790.93-0.98-0.58-0.030.760.530.970.710.67-0.160.380.170.960.810.680.910.360.930.90.83-0.230.86-0.72
0.320.150.030.18-0.030.350.520.070.470.49-0.70.650.69-0.040.360.490.160.640.09-0.23-0.210.09-0.220.18
0.730.81-0.82-0.660.760.350.550.830.760.75-0.360.50.380.770.780.750.880.510.830.650.66-0.160.66-0.41
0.850.69-0.51-0.150.530.520.550.630.930.93-0.910.960.910.470.850.930.670.970.650.170.12-0.050.13-0.15
0.850.99-0.99-0.50.970.070.830.630.830.8-0.310.520.320.960.880.810.960.480.920.860.79-0.210.82-0.69
0.930.88-0.74-0.250.710.470.760.930.831.0-0.780.880.790.690.951.00.860.870.780.450.39-0.150.41-0.34
0.90.86-0.71-0.220.670.490.750.930.81.0-0.80.910.810.670.931.00.840.890.750.410.36-0.090.37-0.33
-0.64-0.410.17-0.12-0.16-0.7-0.36-0.91-0.31-0.78-0.8-0.96-1.0-0.13-0.63-0.8-0.4-0.97-0.360.190.18-0.090.19-0.16
0.720.61-0.390.010.380.650.50.960.520.880.91-0.960.960.380.730.910.570.980.510.030.030.160.04-0.13
0.640.41-0.180.080.170.690.380.910.320.790.81-1.00.960.130.630.810.410.980.37-0.19-0.170.1-0.180.15
0.690.94-0.97-0.520.96-0.040.770.470.960.690.67-0.130.380.130.730.670.880.310.860.890.85-0.060.89-0.83
0.990.91-0.83-0.330.810.360.780.850.880.950.93-0.630.730.630.730.930.920.750.870.620.52-0.390.53-0.33
0.90.86-0.71-0.230.680.490.750.930.811.01.0-0.80.910.810.670.930.840.880.760.410.36-0.080.38-0.34
0.90.96-0.95-0.480.910.160.880.670.960.860.84-0.40.570.410.880.920.840.560.950.790.78-0.250.78-0.48
0.750.56-0.36-0.080.360.640.510.970.480.870.89-0.970.980.980.310.750.880.560.54-0.01-0.010.06-0.010.01
0.870.9-0.92-0.60.930.090.830.650.920.780.75-0.360.510.370.860.870.760.950.540.770.78-0.210.77-0.46
0.590.81-0.92-0.490.9-0.230.650.170.860.450.410.190.03-0.190.890.620.410.79-0.010.770.92-0.380.94-0.7
0.490.74-0.86-0.450.83-0.210.660.120.790.390.360.180.03-0.170.850.520.360.78-0.010.780.92-0.090.99-0.62
-0.41-0.190.260.16-0.230.09-0.16-0.05-0.21-0.15-0.09-0.090.160.1-0.06-0.39-0.08-0.250.06-0.21-0.38-0.09-0.1-0.17
0.50.77-0.88-0.460.86-0.220.660.130.820.410.370.190.04-0.180.890.530.380.78-0.010.770.940.99-0.1-0.7
-0.26-0.640.690.36-0.720.18-0.41-0.15-0.69-0.34-0.33-0.16-0.130.15-0.83-0.33-0.34-0.480.01-0.46-0.7-0.62-0.17-0.7
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Dore Copper Account Relationship Matchups

Dore Copper fundamental ratios Accounts

201920202021202220232024 (projected)
Total Current Liabilities2.2M1.4M4.3M3.8M2.2M2.3M
Net Tangible Assets(631.2K)12.3M10.2M20.1M23.1M24.2M
Retained Earnings(10.0M)(19.1M)(33.0M)(51.1M)(56.9M)(54.0M)
Accounts Payable1.4M1.3K1.6K3.4K3.1K2.9K
Net Receivables254.2K483.1K4.2M5.0M5.8M6.1M
Other Stockholder Equity389.7K212.7K464.5K475.4K546.7K391.6K
Total Current Assets8.6M5.6M18.3M5.4M4.4M7.0M
Common Stock21.3M27.6M50.6M56.7M65.2M68.5M
Total Assets14.5M11.6M24.3M12.7M11.5M13.7M
Total Stockholder Equity12.3M10.2M20.1M8.8M9.3M11.2M
Net Debt(8.2M)(4.3M)(13.2M)(397.6K)(357.9K)(375.8K)
Cash8.2M4.3M13.2M397.6K3.1M3.9M
Non Current Assets Total5.9M5.9M6.0M7.2M7.1M5.9M
Cash And Short Term Investments8.2M5.1M14.0M397.6K457.3K434.4K
Common Stock Shares Outstanding18.3M31.2M60.8M72.8M130.9M137.4M
Liabilities And Stockholders Equity14.5M11.6M24.3M12.7M14.5M13.9M
Total Liab2.2M1.4M4.3M3.8M2.2M2.6M
Net Invested Capital12.3M10.2M20.1M8.8M9.6M11.2M
Capital Stock21.3M27.6M50.6M56.7M62.5M40.1M
Net Working Capital6.4M4.2M14.1M1.6M2.2M2.1M

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Additional Tools for Dore Stock Analysis

When running Dore Copper's price analysis, check to measure Dore Copper's 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 Dore Copper is operating at the current time. Most of Dore Copper's value examination focuses on studying past and present price action to predict the probability of Dore Copper's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dore Copper's price. Additionally, you may evaluate how the addition of Dore Copper to your portfolios can decrease your overall portfolio volatility.