| EQTY Stock | | | CAD 0.21 0.02 8.70% |
Equity Metals financial indicator trend analysis is much more than just examining Equity Metals Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Equity Metals Corp is a good investment. Please check the relationship between Equity Metals Inventory Turnover and its Average Payables accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equity Metals 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 manufacturing.
Inventory Turnover vs Average Payables
Inventory Turnover vs Average Payables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Equity Metals Corp Inventory Turnover account and
Average Payables. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Equity Metals' Inventory Turnover and Average Payables is -0.47. Overlapping area represents the amount of variation of Inventory Turnover that can explain the historical movement of Average Payables in the same time period over historical financial statements of Equity Metals Corp, assuming nothing else is changed. The correlation between historical values of Equity Metals' Inventory Turnover 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 Inventory Turnover of Equity Metals Corp 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 Inventory Turnover i.e., Equity Metals' Inventory Turnover and Average Payables go up and down completely randomly.
Correlation Coefficient | -0.47 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.
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 Equity Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Equity Metals 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equity Metals 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 manufacturing.
Enterprise Value is likely to climb to about 12.2
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 797.8
K in 2024.
Equity Metals fundamental ratios Correlations
Click cells to compare fundamentals
Equity Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Equity Metals fundamental ratios Accounts
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