Marimaca Book Value Per Share vs Payables Turnover Analysis
MARI Stock | CAD 4.63 0.15 3.14% |
Marimaca Copper financial indicator trend analysis is infinitely more than just investigating Marimaca Copper Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Marimaca Copper Corp is a good investment. Please check the relationship between Marimaca Copper Book Value Per Share and its Payables Turnover accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Marimaca Copper 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.
Book Value Per Share vs Payables Turnover
Book Value Per Share vs Payables Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Marimaca Copper Corp Book Value Per Share account and Payables Turnover. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Marimaca Copper's Book Value Per Share and Payables Turnover is 0.93. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Payables Turnover in the same time period over historical financial statements of Marimaca Copper Corp, assuming nothing else is changed. The correlation between historical values of Marimaca Copper's Book Value Per Share and Payables Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Marimaca Copper Corp are associated (or correlated) with its Payables Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Payables Turnover has no effect on the direction of Book Value Per Share i.e., Marimaca Copper's Book Value Per Share and Payables Turnover go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Payables Turnover
A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.Most indicators from Marimaca Copper's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Marimaca Copper 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, which includes a position in Marimaca Copper 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, Marimaca Copper's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Issuance Of Capital Stock is likely to grow to about 16.5 M, while Discontinued Operations is likely to drop (1.3 M).
2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 245K | 2.0M | 597K | 567.2K | Cost Of Revenue | 48K | 46K | 54K | 51.3K |
Marimaca Copper fundamental ratios Correlations
Click cells to compare fundamentals
Marimaca Copper Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Marimaca Copper fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 58.1M | 70.0M | 92.8M | 84.8M | 95.6M | 100.4M | |
Total Current Liabilities | 21.2M | 5.2M | 9.5M | 561K | 1.2M | 1.1M | |
Total Stockholder Equity | 31.5M | 57.2M | 83.3M | 84.3M | 94.4M | 99.1M | |
Property Plant And Equipment Net | 45.3M | 55.7M | 54.2M | 61.4M | 71.7M | 75.3M | |
Net Debt | 8.6M | (8.2M) | (23.8M) | (14.6M) | (16.6M) | (15.7M) | |
Retained Earnings | (120.3M) | (118.2M) | (137.0M) | (139.2M) | (146.3M) | (139.0M) | |
Accounts Payable | 1.1M | 1.2M | 397K | 179K | 423K | 401.9K | |
Cash | 9.9M | 13.9M | 26.8M | 14.6M | 16.7M | 9.1M | |
Non Current Assets Total | 47.4M | 55.7M | 54.2M | 65.4M | 71.9M | 75.5M | |
Cash And Short Term Investments | 9.9M | 13.9M | 26.8M | 14.6M | 16.7M | 9.6M | |
Net Receivables | 582K | 448K | 450K | 4.8M | 7.0M | 7.3M | |
Common Stock Shares Outstanding | 60.3M | 65.6M | 85.5M | 88.2M | 90.5M | 95.0M | |
Liabilities And Stockholders Equity | 58.1M | 70.0M | 92.8M | 84.8M | 95.6M | 100.4M | |
Other Current Assets | 582.0 | 448.0 | 11.8K | 4.8K | 7.0K | 6.6K | |
Other Stockholder Equity | 8.2M | 12.8M | 27.4M | 30.6M | 34.3M | 36.1M | |
Total Liab | 26.5M | 12.8M | 9.5M | 561K | 1.2M | 1.1M | |
Property Plant And Equipment Gross | 45.5M | 45.3M | 55.7M | 54.6M | 62.8M | 65.9M | |
Total Current Assets | 10.6M | 14.3M | 38.6M | 19.5M | 23.7M | 24.8M | |
Accumulated Other Comprehensive Income | 928K | 719K | 936K | 112K | 65K | 61.8K | |
Non Current Liabilities Total | 5.3M | 7.6M | 3.4M | 179K | 43K | 40.9K | |
Other Current Liab | 1.7M | 973K | 5.1M | 382K | 653K | 1.3M | |
Short Term Debt | 18.5M | 3.0M | 3.0M | 0.0 | 85K | 80.8K | |
Common Stock Total Equity | 92.6M | 129.8M | 142.7M | 161.9M | 186.2M | 99.2M | |
Inventory | 186K | (448.0) | 11.3M | (4.8K) | (7.0K) | (6.6K) | |
Common Stock | 142.7M | 161.9M | 192.0M | 192.8M | 206.3M | 128.6M | |
Short Long Term Debt Total | 18.5M | 5.6M | 3.0M | 128K | 147.2K | 139.8K | |
Capital Surpluse | 8.2M | 12.8M | 27.4M | 30.6M | 35.1M | 36.9M | |
Property Plant Equipment | 45.3M | 55.7M | 54.2M | 61.4M | 70.6M | 45.9M | |
Other Liab | 6.6M | 5.8M | 5.3M | 5.0M | 5.7M | 5.3M | |
Net Tangible Assets | 33.0M | 31.5M | 57.2M | 83.3M | 95.8M | 100.6M | |
Short Long Term Debt | 19.7M | 18.5M | 3.0M | 3.0M | 3.4M | 3.3M | |
Cash And Equivalents | 9.9M | 13.9M | 26.8M | 14.6M | 16.8M | 13.6M | |
Net Invested Capital | 50M | 62.8M | 86.3M | 84.3M | 94.4M | 72.5M | |
Net Working Capital | (10.6M) | 9.1M | 29.1M | 18.9M | 22.5M | 23.6M | |
Capital Stock | 142.7M | 161.9M | 192.0M | 192.8M | 206.3M | 188.0M |
Pair Trading with Marimaca Copper
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 Marimaca Copper 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 Marimaca Copper will appreciate offsetting losses from the drop in the long position's value.Moving against Marimaca Stock
The ability to find closely correlated positions to Marimaca Copper could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Marimaca Copper 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 Marimaca Copper - 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 Marimaca Copper Corp to buy it.
The correlation of Marimaca Copper 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 Marimaca Copper moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Marimaca Copper 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 Marimaca Copper 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.Other Information on Investing in Marimaca Stock
Balance Sheet is a snapshot of the financial position of Marimaca Copper Corp at a specified time, usually calculated after every quarter, six months, or one year. Marimaca Copper Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Marimaca Copper 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 Marimaca currently owns. An asset can also be divided into two categories, current and non-current.