Mandalay Book Value Per Share vs Invested Capital Analysis

MND Stock

CAD 4.39 0.05 1.15%

Mandalay Resources financial indicator trend analysis is infinitely more than just investigating Mandalay Resources Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mandalay Resources Corp is a good investment. Please check the relationship between Mandalay Resources Book Value Per Share and its Invested Capital accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mandalay Resources 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 Invested Capital

Book Value Per Share vs Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mandalay Resources Corp Book Value Per Share account and Invested Capital. At this time, the significance of the direction appears to have weak relationship.

The correlation between Mandalay Resources' Book Value Per Share and Invested Capital is 0.33. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Invested Capital in the same time period over historical financial statements of Mandalay Resources Corp, assuming nothing else is changed. The correlation between historical values of Mandalay Resources' Book Value Per Share and Invested 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 Book Value Per Share of Mandalay Resources Corp are associated (or correlated) with its Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Invested Capital has no effect on the direction of Book Value Per Share i.e., Mandalay Resources' Book Value Per Share and Invested Capital go up and down completely randomly.

Correlation Coefficient

0.33

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

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.

Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to Mandalay Resources Corp. There are two different methods for calculating Mandalay Resources Corp invested capital: operating approach and financing approach. Understanding Mandalay Resources invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.

Most indicators from Mandalay Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mandalay Resources 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 Mandalay Resources 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.

As of the 11th of December 2024, Tax Provision is likely to grow to about 8.1 M, while Selling General Administrative is likely to drop about 5.6 M.

Mandalay Resources fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Inventory	Short Long Term Debt Total	Current Deferred Revenue	Short Term Debt
Total Assets		0.69	0.75	0.78	0.98	0.24	0.1	0.67	0.77	0.96	0.58	0.57	0.78	0.7	0.78	0.41	0.3	-0.11	0.88	0.42	0.86	0.77	0.92	0.62	0.5	0.39
Other Current Liab	0.69		0.62	0.48	0.67	0.15	-0.25	0.54	0.64	0.58	0.05	-0.09	0.66	0.51	0.77	0.63	0.62	-0.44	0.68	0.45	0.76	0.78	0.6	0.47	0.71	0.12
Total Current Liabilities	0.75	0.62		0.38	0.75	0.61	-0.27	0.84	0.58	0.74	0.51	0.47	0.57	0.37	0.61	0.22	0.54	-0.12	0.91	0.11	0.63	0.65	0.5	0.75	0.22	0.61
Total Stockholder Equity	0.78	0.48	0.38		0.72	-0.23	0.48	0.25	0.74	0.7	0.33	0.36	0.76	0.66	0.55	0.48	0.12	-0.01	0.49	0.67	0.78	0.57	0.87	0.39	0.47	0.15
Property Plant And Equipment Net	0.98	0.67	0.75	0.72		0.36	-0.05	0.73	0.65	0.99	0.67	0.62	0.67	0.62	0.85	0.49	0.2	-0.03	0.91	0.46	0.75	0.85	0.88	0.62	0.49	0.34
Net Debt	0.24	0.15	0.61	-0.23	0.36		-0.78	0.77	-0.24	0.4	0.66	0.51	-0.24	-0.03	0.44	0.18	0.08	0.24	0.64	-0.04	-0.12	0.46	-0.02	0.37	-0.02	0.21
Retained Earnings	0.1	-0.25	-0.27	0.48	-0.05	-0.78		-0.54	0.45	-0.04	-0.23	0.0	0.44	0.31	-0.39	-0.38	-0.13	-0.14	-0.32	0.0	0.34	-0.41	0.29	-0.13	-0.1	0.12
Accounts Payable	0.67	0.54	0.84	0.25	0.73	0.77	-0.54		0.26	0.73	0.68	0.6	0.25	0.26	0.71	0.33	0.4	0.22	0.89	0.13	0.4	0.73	0.46	0.64	0.19	0.4
Cash	0.77	0.64	0.58	0.74	0.65	-0.24	0.45	0.26		0.6	0.07	0.13	1.0	0.47	0.41	0.18	0.49	-0.41	0.54	0.25	0.92	0.42	0.78	0.46	0.37	0.37
Non Current Assets Total	0.96	0.58	0.74	0.7	0.99	0.4	-0.04	0.73	0.6		0.75	0.71	0.61	0.61	0.82	0.43	0.12	0.03	0.9	0.42	0.69	0.81	0.86	0.63	0.41	0.38
Non Currrent Assets Other	0.58	0.05	0.51	0.33	0.67	0.66	-0.23	0.68	0.07	0.75		0.92	0.06	0.22	0.55	0.2	-0.26	0.35	0.69	0.24	0.13	0.55	0.48	0.37	-0.07	0.22
Other Assets	0.57	-0.09	0.47	0.36	0.62	0.51	0.0	0.6	0.13	0.71	0.92		0.12	0.27	0.34	-0.03	-0.28	0.41	0.6	0.02	0.17	0.35	0.48	0.46	-0.12	0.43
Cash And Short Term Investments	0.78	0.66	0.57	0.76	0.67	-0.24	0.44	0.25	1.0	0.61	0.06	0.12		0.5	0.44	0.22	0.48	-0.42	0.55	0.3	0.93	0.44	0.79	0.44	0.41	0.33
Net Receivables	0.7	0.51	0.37	0.66	0.62	-0.03	0.31	0.26	0.47	0.61	0.22	0.27	0.5		0.43	0.24	0.17	-0.2	0.47	0.37	0.72	0.41	0.66	0.43	0.61	0.25
Common Stock Total Equity	0.78	0.77	0.61	0.55	0.85	0.44	-0.39	0.71	0.41	0.82	0.55	0.34	0.44	0.43		0.8	0.24	0.0	0.81	0.68	0.54	0.99	0.67	0.42	0.57	0.02
Common Stock Shares Outstanding	0.41	0.63	0.22	0.48	0.49	0.18	-0.38	0.33	0.18	0.43	0.2	-0.03	0.22	0.24	0.8		0.05	0.02	0.43	0.86	0.27	0.82	0.44	0.18	0.69	-0.35
Other Current Assets	0.3	0.62	0.54	0.12	0.2	0.08	-0.13	0.4	0.49	0.12	-0.26	-0.28	0.48	0.17	0.24	0.05		-0.23	0.35	-0.06	0.58	0.25	0.18	0.19	0.25	0.19
Other Stockholder Equity	-0.11	-0.44	-0.12	-0.01	-0.03	0.24	-0.14	0.22	-0.41	0.03	0.35	0.41	-0.42	-0.2	0.0	0.02	-0.23		-0.05	0.02	-0.34	0.01	-0.06	-0.07	-0.27	-0.04
Total Liab	0.88	0.68	0.91	0.49	0.91	0.64	-0.32	0.89	0.54	0.9	0.69	0.6	0.55	0.47	0.81	0.43	0.35	-0.05		0.3	0.64	0.83	0.7	0.69	0.39	0.39
Property Plant And Equipment Gross	0.42	0.45	0.11	0.67	0.46	-0.04	0.0	0.13	0.25	0.42	0.24	0.02	0.3	0.37	0.68	0.86	-0.06	0.02	0.3		0.33	0.69	0.52	-0.01	0.52	-0.42
Total Current Assets	0.86	0.76	0.63	0.78	0.75	-0.12	0.34	0.4	0.92	0.69	0.13	0.17	0.93	0.72	0.54	0.27	0.58	-0.34	0.64	0.33		0.54	0.84	0.48	0.56	0.33
Common Stock	0.77	0.78	0.65	0.57	0.85	0.46	-0.41	0.73	0.42	0.81	0.55	0.35	0.44	0.41	0.99	0.82	0.25	0.01	0.83	0.69	0.54		0.68	0.46	0.57	0.03
Inventory	0.92	0.6	0.5	0.87	0.88	-0.02	0.29	0.46	0.78	0.86	0.48	0.48	0.79	0.66	0.67	0.44	0.18	-0.06	0.7	0.52	0.84	0.68		0.42	0.53	0.14
Short Long Term Debt Total	0.62	0.47	0.75	0.39	0.62	0.37	-0.13	0.64	0.46	0.63	0.37	0.46	0.44	0.43	0.42	0.18	0.19	-0.07	0.69	-0.01	0.48	0.46	0.42		0.26	0.8
Current Deferred Revenue	0.5	0.71	0.22	0.47	0.49	-0.02	-0.1	0.19	0.37	0.41	-0.07	-0.12	0.41	0.61	0.57	0.69	0.25	-0.27	0.39	0.52	0.56	0.57	0.53	0.26		-0.17
Short Term Debt	0.39	0.12	0.61	0.15	0.34	0.21	0.12	0.4	0.37	0.38	0.22	0.43	0.33	0.25	0.02	-0.35	0.19	-0.04	0.39	-0.42	0.33	0.03	0.14	0.8	-0.17

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Mandalay Resources Account Relationship Matchups

Mandalay Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	258.6M	301.3M	317.8M	282.2M	295.2M	164.6M
Other Current Liab	23.0M	28.4M	30.1M	22.8M	20.4M	11.0M
Total Current Liabilities	104.0M	74.3M	78.4M	37.2M	31.9M	37.2M
Total Stockholder Equity	111.8M	135.8M	176.7M	184.2M	196.9M	206.8M
Property Plant And Equipment Net	176.4M	197.6M	193.7M	183.9M	195.2M	103.0M
Net Debt	44.3M	29.7M	19.0M	(14.4M)	(3.9M)	(3.7M)
Retained Earnings	(82.1M)	(71.7M)	(16.8M)	6.7M	14.7M	15.4M
Accounts Payable	13.7M	14.6M	10.4M	7.8M	7.9M	6.9M
Cash	24.5M	34.2M	30.7M	38.4M	26.9M	20.6M
Non Current Assets Total	197.0M	215.7M	203.5M	197.9M	215.4M	114.8M
Non Currrent Assets Other	20.0M	18.1M	9.8M	14.0M	20.2M	13.5M
Other Assets	20.6M	18.1M	9.8M	13.7M	15.7M	13.5M
Cash And Short Term Investments	24.5M	34.2M	34.1M	41.1M	28.8M	21.0M
Net Receivables	11.9M	17.3M	43.0M	13.2M	26.2M	13.4M
Common Stock Total Equity	191.9M	192.1M	229.8M	230.0M	264.5M	147.7M
Common Stock Shares Outstanding	80.1M	92.5M	93.3M	94.1M	95.0M	99.7M
Liabilities And Stockholders Equity	258.6M	301.3M	317.8M	282.2M	295.2M	164.6M
Other Current Assets	13.0M	9.8M	13.8M	3.2M	2.1M	2.0M
Other Stockholder Equity	10.4M	4.2M	3.3M	4.6M	5.3M	8.8M
Total Liab	146.8M	165.5M	141.2M	98.1M	98.3M	67.5M
Property Plant And Equipment Gross	176.4M	197.6M	416.1M	411.6M	460.6M	483.7M
Total Current Assets	61.6M	85.6M	114.3M	84.3M	79.8M	49.8M
Common Stock	229.8M	230.0M	230.4M	231.2M	231.5M	169.0M
Inventory	12.3M	24.3M	23.4M	26.7M	22.7M	16.2M
Accumulated Other Comprehensive Income	(40.1M)	(25.8M)	(40.9M)	(58.4M)	(54.5M)	(51.7M)
Short Long Term Debt Total	68.8M	63.9M	49.8M	24.0M	23.0M	38.8M
Current Deferred Revenue	21.5M	33.3M	41.8M	21.5M	24.8M	16.9M
Short Term Debt	64.8M	18.0M	18.2M	1.4M	1.2M	1.2M
Non Current Liabilities Total	42.8M	91.2M	62.8M	60.8M	66.4M	50.5M
Other Liab	38.9M	45.3M	31.1M	38.6M	34.7M	34.6M
Net Tangible Assets	111.8M	135.8M	176.7M	184.2M	165.7M	132.2M
Property Plant Equipment	176.4M	197.6M	193.7M	183.9M	211.5M	203.0M
Long Term Debt	418K	42.4M	28.0M	19.8M	20.4M	14.7M
Long Term Debt Total	4.0M	46.0M	31.6M	22.3M	25.6M	19.7M
Net Invested Capital	175.0M	178.2M	204.7M	203.9M	217.3M	211.8M
Net Working Capital	(42.4M)	11.3M	35.9M	47.1M	47.9M	50.3M
Capital Stock	229.8M	230.0M	230.4M	231.2M	231.5M	246.6M

Pair Trading with Mandalay Resources

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 Mandalay Resources 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 Mandalay Resources will appreciate offsetting losses from the drop in the long position's value.

Moving against Mandalay Stock

0.68	INFM	Infinico Metals Corp	Pair Corr
0.46	FDY	Faraday Copper Corp	Pair Corr
0.34	ORE	Orezone Gold Corp	Pair Corr

The ability to find closely correlated positions to Mandalay Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mandalay Resources 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 Mandalay Resources - 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 Mandalay Resources Corp to buy it.

The correlation of Mandalay Resources 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 Mandalay Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mandalay Resources 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 Mandalay Resources 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.

Pair Correlation Correlation Matching

Other Information on Investing in Mandalay Stock

Balance Sheet is a snapshot of the financial position of Mandalay Resources Corp at a specified time, usually calculated after every quarter, six months, or one year. Mandalay Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mandalay Resources 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 Mandalay currently owns. An asset can also be divided into two categories, current and non-current.

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Mandalay Book Value Per Share vs Invested Capital Analysis

Book Value Per Share vs Invested Capital

Book Value Per Share vs Invested Capital Correlation Analysis

Correlation Coefficient

Book Value Per Share

Invested Capital

Mandalay Resources fundamental ratios Correlations

Mandalay Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Mandalay Resources fundamental ratios Accounts

Pair Trading with Mandalay Resources

Moving against Mandalay Stock

Other Information on Investing in Mandalay Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Common Stock	+ 0.99	Common Stock Total Equity
Property Plant And Equipment Net	+ 0.98	Total Assets
Non Current Assets Total	+ 0.96	Total Assets
Total Current Assets	+ 0.93	Cash And Short Term Investments

Retained Earnings	- 0.78	Net Debt
Accounts Payable	- 0.54	Retained Earnings
Other Stockholder Equity	- 0.44	Other Current Liab
Short Term Debt	- 0.42	Property Plant And Equipment Gross
Other Stockholder Equity	- 0.42	Cash And Short Term Investments
Other Stockholder Equity	- 0.41	Cash