Lumina Accounts Payable vs Net Receivables Analysis
Lumina Gold financial indicator trend analysis is infinitely more than just investigating Lumina Gold Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lumina Gold Corp is a good investment. Please check the relationship between Lumina Gold Accounts Payable and its Net Receivables accounts. Check out Correlation Analysis to better understand how to build diversified portfolios. 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.
Accounts Payable vs Net Receivables
Accounts Payable vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lumina Gold Corp Accounts Payable account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.
The correlation between Lumina Gold's Accounts Payable and Net Receivables is 0.6. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Lumina Gold Corp, assuming nothing else is changed. The correlation between historical values of Lumina Gold's Accounts Payable and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Lumina Gold Corp are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Accounts Payable i.e., Lumina Gold's Accounts Payable and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.6 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Lumina Gold obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Lumina Gold Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Net Receivables
Most indicators from Lumina Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lumina 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 Correlation Analysis to better understand how to build diversified portfolios. 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 is likely to climb to about 95.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 176.0K | 179.1K | 184.9K | 168.4K | Interest Income | 8.2K | 22.0K | 198.5K | 188.1K |
Lumina Gold fundamental ratios Correlations
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Lumina Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Lumina Gold fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 12.3M | 6.4M | 17.9M | 6.6M | 22.0M | 23.1M | |
Other Current Liab | 550.5K | 1.4M | 142.8K | 2.5M | 9.8M | 10.2M | |
Total Current Liabilities | 1.4M | 1.6M | 712.7K | 10.5M | 9.8M | 10.3M | |
Total Stockholder Equity | 10.9M | 4.8M | 17.1M | (4.0M) | (8.0M) | (7.6M) | |
Net Debt | (6.2M) | 918.5K | (12.0M) | 7.2M | (13.6M) | (12.9M) | |
Retained Earnings | (81.4M) | (89.4M) | (97.3M) | (119.6M) | (136.8M) | (130.0M) | |
Cash | 6.2M | 535.8K | 12.0M | 795.2K | 13.6M | 14.3M | |
Non Current Assets Total | 5.9M | 5.7M | 5.7M | 5.6M | 8.2M | 6.6M | |
Cash And Short Term Investments | 6.2M | 535.8K | 12.0M | 795.2K | 13.6M | 14.3M | |
Net Receivables | 93.9K | 53.9K | 63.7K | 52.5K | 60.4K | 45.5K | |
Common Stock Shares Outstanding | 311.3M | 332.0M | 343.6M | 376.4M | 415.8M | 436.6M | |
Liabilities And Stockholders Equity | 12.3M | 6.4M | 17.9M | 6.6M | 22.0M | 23.1M | |
Other Stockholder Equity | 5.6M | 6.2M | 6.5M | 7.6M | 8.6M | 9.3M | |
Total Liab | 1.4M | 1.6M | 712.7K | 10.6M | 30.0M | 31.5M | |
Total Current Assets | 6.5M | 661.1K | 12.2M | 942.5K | 13.8M | 14.5M | |
Common Stock | 86.7M | 88.0M | 108.0M | 108.0M | 120.3M | 67.4M | |
Property Plant And Equipment Net | 5.9M | 5.7M | 5.6M | 5.6M | 8.1M | 6.8M | |
Accounts Payable | 550.5K | 1.4M | 142.8K | 712.7K | 819.6K | 860.6K | |
Non Currrent Assets Other | 30.3K | 32.2K | 51.1K | 53.4K | 56.4K | 73.5K | |
Other Assets | 192.2K | 30.3K | 32.2K | 51.1K | 58.7K | 93.0K | |
Net Tangible Assets | 17.4M | 10.9M | 4.8M | 17.1M | 19.7M | 21.4M | |
Property Plant Equipment | 3.3M | 5.9M | 5.7M | 5.6M | 5.0M | 4.8M | |
Net Invested Capital | 10.9M | 6.2M | 17.1M | 4.0M | (8.0M) | (7.6M) | |
Net Working Capital | 5.1M | (935.9K) | 11.5M | (9.6M) | 4.0M | 4.3M | |
Capital Stock | 86.7M | 88.0M | 108.0M | 108.0M | 120.3M | 107.7M |
Thematic Opportunities
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Check out Correlation Analysis to better understand how to build diversified portfolios. 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. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Other Tools for Lumina Stock
When running Lumina Gold's price analysis, check to measure Lumina Gold'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 Lumina Gold is operating at the current time. Most of Lumina Gold's value examination focuses on studying past and present price action to predict the probability of Lumina Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lumina Gold's price. Additionally, you may evaluate how the addition of Lumina Gold to your portfolios can decrease your overall portfolio volatility.
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