Harmony Capital Stock vs Net Working Capital Analysis

HMY Stock

USD 11.42 0.52 4.36%

Harmony Gold financial indicator trend analysis is much more than just examining Harmony Gold Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Harmony Gold Mining is a good investment. Please check the relationship between Harmony Gold Capital Stock and its Net Working Capital accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harmony Gold 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 population.

Capital Stock vs Net Working Capital

Capital Stock vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Harmony Gold Mining Capital Stock account and Net Working Capital. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Harmony Gold's Capital Stock and Net Working Capital is 0.93. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Harmony Gold Mining, assuming nothing else is changed. The correlation between historical values of Harmony Gold's Capital Stock and Net 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 Capital Stock of Harmony Gold Mining are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Capital Stock i.e., Harmony Gold's Capital Stock and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

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Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.

Net Working Capital

Most indicators from Harmony Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Harmony Gold 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harmony Gold 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 population.

At this time, Harmony Gold's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 3.7 B in 2025, whereas Sales General And Administrative To Revenue is likely to drop 0.02 in 2025.

	2022	2023	2024	2025 (projected)
Total Operating Expenses	1.8B	2.5B	2.8B	3.0B
Cost Of Revenue	39.5B	47.2B	54.3B	57.0B

Total Operating Expenses Cost Of Revenue

Harmony Gold fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Net Debt	Other Liab	Other Assets	Long Term Debt	Short Term Debt
Total Assets		0.31	0.6	0.69	0.95	0.98	0.06	0.23	0.59	0.99	0.67	0.59	0.67	0.95	0.84	0.72	0.36	0.04	0.86	0.71	0.52	-0.23	0.61	0.62	0.25	-0.08
Short Long Term Debt Total	0.31		0.22	0.39	0.07	0.29	-0.73	0.5	0.31	0.3	0.28	0.31	0.19	0.43	0.7	0.31	-0.02	0.12	0.63	0.25	0.34	0.58	0.29	0.35	0.93	-0.16
Other Current Liab	0.6	0.22		0.88	0.48	0.52	0.3	-0.05	0.84	0.55	0.84	0.84	0.75	0.52	0.58	0.89	0.36	-0.03	0.64	0.88	0.07	-0.52	0.78	0.78	0.22	-0.21
Total Current Liabilities	0.69	0.39	0.88		0.51	0.57	0.07	0.33	0.9	0.62	0.91	0.9	0.8	0.69	0.74	0.94	0.52	-0.15	0.81	0.97	0.13	-0.43	0.91	0.9	0.39	-0.27
Total Stockholder Equity	0.95	0.07	0.48	0.51		0.97	0.24	0.05	0.46	0.97	0.53	0.46	0.62	0.86	0.64	0.59	0.26	0.01	0.66	0.6	0.56	-0.31	0.44	0.44	-0.03	0.03
Property Plant And Equipment Net	0.98	0.29	0.52	0.57	0.97		0.06	0.16	0.48	1.0	0.59	0.48	0.63	0.92	0.78	0.64	0.27	0.1	0.78	0.61	0.61	-0.14	0.51	0.52	0.19	0.0
Retained Earnings	0.06	-0.73	0.3	0.07	0.24	0.06		-0.48	0.21	0.05	0.09	0.21	0.42	-0.17	-0.32	0.17	-0.05	-0.34	-0.24	0.25	-0.35	-0.8	-0.01	-0.07	-0.73	-0.01
Accounts Payable	0.23	0.5	-0.05	0.33	0.05	0.16	-0.48		0.29	0.19	0.33	0.29	0.15	0.43	0.49	0.27	0.3	-0.21	0.46	0.27	-0.09	0.17	0.35	0.42	0.57	-0.33
Cash	0.59	0.31	0.84	0.9	0.46	0.48	0.21	0.29		0.51	0.74	1.0	0.73	0.55	0.6	0.81	0.33	-0.32	0.68	0.93	0.0	-0.59	0.67	0.68	0.27	-0.22
Non Current Assets Total	0.99	0.3	0.55	0.62	0.97	1.0	0.05	0.19	0.51		0.63	0.51	0.64	0.94	0.81	0.68	0.32	0.08	0.81	0.65	0.58	-0.17	0.56	0.57	0.22	-0.05
Non Currrent Assets Other	0.67	0.28	0.84	0.91	0.53	0.59	0.09	0.33	0.74	0.63		0.74	0.73	0.71	0.72	0.97	0.67	0.02	0.75	0.89	0.09	-0.39	0.94	0.96	0.32	-0.25
Cash And Short Term Investments	0.59	0.31	0.84	0.9	0.46	0.48	0.21	0.29	1.0	0.51	0.74		0.73	0.55	0.6	0.82	0.33	-0.32	0.68	0.93	0.0	-0.59	0.68	0.68	0.27	-0.22
Net Receivables	0.67	0.19	0.75	0.8	0.62	0.63	0.42	0.15	0.73	0.64	0.73	0.73		0.55	0.56	0.81	0.19	-0.36	0.6	0.84	0.15	-0.46	0.66	0.64	0.11	-0.17
Common Stock Shares Outstanding	0.95	0.43	0.52	0.69	0.86	0.92	-0.17	0.43	0.55	0.94	0.71	0.55	0.55		0.9	0.72	0.48	0.11	0.9	0.68	0.5	-0.09	0.67	0.7	0.41	-0.14
Non Current Liabilities Total	0.84	0.7	0.58	0.74	0.64	0.78	-0.32	0.49	0.6	0.81	0.72	0.6	0.56	0.9		0.75	0.41	0.14	0.98	0.67	0.38	0.09	0.68	0.73	0.69	-0.24
Inventory	0.72	0.31	0.89	0.94	0.59	0.64	0.17	0.27	0.81	0.68	0.97	0.82	0.81	0.72	0.75		0.61	-0.07	0.77	0.94	0.1	-0.43	0.89	0.91	0.31	-0.26
Other Current Assets	0.36	-0.02	0.36	0.52	0.26	0.27	-0.05	0.3	0.33	0.32	0.67	0.33	0.19	0.48	0.41	0.61		0.12	0.43	0.52	-0.01	-0.3	0.67	0.69	0.09	-0.25
Other Stockholder Equity	0.04	0.12	-0.03	-0.15	0.01	0.1	-0.34	-0.21	-0.32	0.08	0.02	-0.32	-0.36	0.11	0.14	-0.07	0.12		0.08	-0.24	0.16	0.38	0.03	0.06	0.17	0.25
Total Liab	0.86	0.63	0.64	0.81	0.66	0.78	-0.24	0.46	0.68	0.81	0.75	0.68	0.6	0.9	0.98	0.77	0.43	0.08		0.74	0.35	-0.04	0.74	0.77	0.63	-0.24
Total Current Assets	0.71	0.25	0.88	0.97	0.6	0.61	0.25	0.27	0.93	0.65	0.89	0.93	0.84	0.68	0.67	0.94	0.52	-0.24	0.74		0.1	-0.58	0.84	0.84	0.22	-0.23
Common Stock	0.52	0.34	0.07	0.13	0.56	0.61	-0.35	-0.09	0.0	0.58	0.09	0.0	0.15	0.5	0.38	0.1	-0.01	0.16	0.35	0.1		0.3	0.1	0.07	0.11	0.46
Net Debt	-0.23	0.58	-0.52	-0.43	-0.31	-0.14	-0.8	0.17	-0.59	-0.17	-0.39	-0.59	-0.46	-0.09	0.09	-0.43	-0.3	0.38	-0.04	-0.58	0.3		-0.33	-0.28	0.56	0.06
Other Liab	0.61	0.29	0.78	0.91	0.44	0.51	-0.01	0.35	0.67	0.56	0.94	0.68	0.66	0.67	0.68	0.89	0.67	0.03	0.74	0.84	0.1	-0.33		0.97	0.36	-0.28
Other Assets	0.62	0.35	0.78	0.9	0.44	0.52	-0.07	0.42	0.68	0.57	0.96	0.68	0.64	0.7	0.73	0.91	0.69	0.06	0.77	0.84	0.07	-0.28	0.97		0.45	-0.36
Long Term Debt	0.25	0.93	0.22	0.39	-0.03	0.19	-0.73	0.57	0.27	0.22	0.32	0.27	0.11	0.41	0.69	0.31	0.09	0.17	0.63	0.22	0.11	0.56	0.36	0.45		-0.38
Short Term Debt	-0.08	-0.16	-0.21	-0.27	0.03	0.0	-0.01	-0.33	-0.22	-0.05	-0.25	-0.22	-0.17	-0.14	-0.24	-0.26	-0.25	0.25	-0.24	-0.23	0.46	0.06	-0.28	-0.36	-0.38

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Harmony Gold Account Relationship Matchups

Harmony Gold fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	49.5B	46.8B	57.2B	60.5B	69.5B	36.6B
Short Long Term Debt Total	3.5B	3.2B	5.7B	2.3B	2.6B	3.2B
Other Current Liab	381M	3.0B	4.9B	5.5B	6.3B	6.7B
Total Current Liabilities	5.8B	5.0B	6.9B	7.4B	8.5B	8.9B
Total Stockholder Equity	31.6B	30.0B	34.8B	40.8B	46.9B	25.2B
Property Plant And Equipment Net	34.4B	32.9B	41.5B	41.3B	47.6B	27.2B
Retained Earnings	(7.7B)	(9.6B)	(5.0B)	2.2B	2.0B	2.1B
Accounts Payable	4.6B	1.3B	1.2B	1.1B	1.3B	1.3B
Cash	2.8B	2.4B	2.9B	4.7B	5.4B	5.7B
Non Current Assets Total	40.9B	39.3B	48.6B	49.0B	56.3B	31.6B
Non Currrent Assets Other	5.9B	6.1B	6.7B	7.2B	8.3B	8.7B
Cash And Short Term Investments	2.8B	2.4B	2.9B	4.7B	5.4B	5.7B
Net Receivables	1.7B	103.4M	2.2B	2.2B	2.6B	2.7B
Common Stock Shares Outstanding	616.4M	612.5M	620.5M	629.7M	724.1M	422.8M
Liabilities And Stockholders Equity	49.5B	46.8B	57.2B	60.5B	69.5B	36.6B
Non Current Liabilities Total	12.1B	11.7B	15.5B	12.2B	14.0B	8.2B
Inventory	2.5B	2.8B	3.3B	3.6B	4.1B	4.4B
Other Current Assets	1.5B	2.1B	340M	913M	1.0B	1.1B
Other Stockholder Equity	(1.0)	6.7B	6.8B	(479M)	(431.1M)	(409.5M)
Total Liab	17.8B	16.7B	22.4B	19.5B	22.4B	11.4B
Total Current Assets	8.6B	7.5B	8.7B	11.5B	13.2B	13.9B
Accumulated Other Comprehensive Income	6.4B	6.7B	6.8B	6.1B	7.0B	7.3B
Net Debt	542M	757M	2.8B	(2.4B)	(2.8B)	(2.6B)
Other Liab	6.2B	8.9B	8.5B	9.9B	11.4B	12.0B
Other Assets	4.6B	6.1B	6.3B	6.6B	7.6B	7.9B
Long Term Debt	3.0B	3.2B	5.6B	1.8B	2.1B	1.8B
Short Term Debt	387M	222M	216M	260M	234M	222.3M
Property Plant Equipment	29.2B	34.4B	32.9B	41.5B	47.7B	50.1B
Current Deferred Revenue	396M	309M	285M	85M	76.5M	72.7M
Property Plant And Equipment Gross	34.4B	80.1B	92.4B	97.1B	111.7B	117.3B
Intangible Assets	32M	48M	33M	19M	17.1M	16.2M
Net Tangible Assets	22.8B	31.3B	30.0B	34.7B	39.9B	23.7B
Long Term Investments	126M	125M	111M	253M	291.0M	147.0M
Short Long Term Debt	6M	15M	87M	25M	22.5M	21.4M
Long Term Debt Total	7.5B	3.1B	3.2B	5.6B	6.4B	4.4B
Capital Lease Obligations	261M	442M	526M	506M	581.9M	611.0M

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Harmony Capital Stock vs Net Working Capital Analysis

Capital Stock vs Net Working Capital

Capital Stock vs Net Working Capital Correlation Analysis

Correlation Coefficient

Capital Stock

Net Working Capital

Harmony Gold fundamental ratios Correlations

Harmony Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Harmony Gold fundamental ratios Accounts

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Additional Tools for Harmony Stock Analysis

COMMON DESTINATIONS

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COMPANY

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

Net Debt	- 0.8	Retained Earnings
Long Term Debt	- 0.73	Retained Earnings
Retained Earnings	- 0.73	Short Long Term Debt Total
Net Debt	- 0.59	Cash And Short Term Investments
Net Debt	- 0.59	Cash
Net Debt	- 0.58	Total Current Assets