Mandalay Invested Capital vs Days Sales Outstanding 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 Invested Capital and its Days Sales Outstanding 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.

Invested Capital vs Days Sales Outstanding

Invested Capital vs Days Sales Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mandalay Resources Corp Invested Capital account and Days Sales Outstanding. At this time, the significance of the direction appears to have no relationship.
The correlation between Mandalay Resources' Invested Capital and Days Sales Outstanding is 0.0. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Days Sales Outstanding 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' Invested Capital and Days Sales Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Invested Capital of Mandalay Resources Corp are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Invested Capital i.e., Mandalay Resources' Invested Capital and Days Sales Outstanding go up and down completely randomly.

Correlation Coefficient

0.0
Relationship DirectionFlat 
Relationship StrengthInsignificant

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.

Days Sales Outstanding

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

0.690.750.780.980.240.10.670.770.960.580.570.780.70.780.410.3-0.110.880.420.860.770.920.620.50.39
0.690.620.480.670.15-0.250.540.640.580.05-0.090.660.510.770.630.62-0.440.680.450.760.780.60.470.710.12
0.750.620.380.750.61-0.270.840.580.740.510.470.570.370.610.220.54-0.120.910.110.630.650.50.750.220.61
0.780.480.380.72-0.230.480.250.740.70.330.360.760.660.550.480.12-0.010.490.670.780.570.870.390.470.15
0.980.670.750.720.36-0.050.730.650.990.670.620.670.620.850.490.2-0.030.910.460.750.850.880.620.490.34
0.240.150.61-0.230.36-0.780.77-0.240.40.660.51-0.24-0.030.440.180.080.240.64-0.04-0.120.46-0.020.37-0.020.21
0.1-0.25-0.270.48-0.05-0.78-0.540.45-0.04-0.230.00.440.31-0.39-0.38-0.13-0.14-0.320.00.34-0.410.29-0.13-0.10.12
0.670.540.840.250.730.77-0.540.260.730.680.60.250.260.710.330.40.220.890.130.40.730.460.640.190.4
0.770.640.580.740.65-0.240.450.260.60.070.131.00.470.410.180.49-0.410.540.250.920.420.780.460.370.37
0.960.580.740.70.990.4-0.040.730.60.750.710.610.610.820.430.120.030.90.420.690.810.860.630.410.38
0.580.050.510.330.670.66-0.230.680.070.750.920.060.220.550.2-0.260.350.690.240.130.550.480.37-0.070.22
0.57-0.090.470.360.620.510.00.60.130.710.920.120.270.34-0.03-0.280.410.60.020.170.350.480.46-0.120.43
0.780.660.570.760.67-0.240.440.251.00.610.060.120.50.440.220.48-0.420.550.30.930.440.790.440.410.33
0.70.510.370.660.62-0.030.310.260.470.610.220.270.50.430.240.17-0.20.470.370.720.410.660.430.610.25
0.780.770.610.550.850.44-0.390.710.410.820.550.340.440.430.80.240.00.810.680.540.990.670.420.570.02
0.410.630.220.480.490.18-0.380.330.180.430.2-0.030.220.240.80.050.020.430.860.270.820.440.180.69-0.35
0.30.620.540.120.20.08-0.130.40.490.12-0.26-0.280.480.170.240.05-0.230.35-0.060.580.250.180.190.250.19
-0.11-0.44-0.12-0.01-0.030.24-0.140.22-0.410.030.350.41-0.42-0.20.00.02-0.23-0.050.02-0.340.01-0.06-0.07-0.27-0.04
0.880.680.910.490.910.64-0.320.890.540.90.690.60.550.470.810.430.35-0.050.30.640.830.70.690.390.39
0.420.450.110.670.46-0.040.00.130.250.420.240.020.30.370.680.86-0.060.020.30.330.690.52-0.010.52-0.42
0.860.760.630.780.75-0.120.340.40.920.690.130.170.930.720.540.270.58-0.340.640.330.540.840.480.560.33
0.770.780.650.570.850.46-0.410.730.420.810.550.350.440.410.990.820.250.010.830.690.540.680.460.570.03
0.920.60.50.870.88-0.020.290.460.780.860.480.480.790.660.670.440.18-0.060.70.520.840.680.420.530.14
0.620.470.750.390.620.37-0.130.640.460.630.370.460.440.430.420.180.19-0.070.69-0.010.480.460.420.260.8
0.50.710.220.470.49-0.02-0.10.190.370.41-0.07-0.120.410.610.570.690.25-0.270.390.520.560.570.530.26-0.17
0.390.120.610.150.340.210.120.40.370.380.220.430.330.250.02-0.350.19-0.040.39-0.420.330.030.140.8-0.17
Click cells to compare fundamentals

Mandalay Resources Account Relationship Matchups

Mandalay Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets258.6M301.3M317.8M282.2M295.2M164.6M
Other Current Liab23.0M28.4M30.1M22.8M20.4M11.0M
Total Current Liabilities104.0M74.3M78.4M37.2M31.9M37.2M
Total Stockholder Equity111.8M135.8M176.7M184.2M196.9M206.8M
Property Plant And Equipment Net176.4M197.6M193.7M183.9M195.2M103.0M
Net Debt44.3M29.7M19.0M(14.4M)(3.9M)(3.7M)
Retained Earnings(82.1M)(71.7M)(16.8M)6.7M14.7M15.4M
Accounts Payable13.7M14.6M10.4M7.8M7.9M6.9M
Cash24.5M34.2M30.7M38.4M26.9M20.6M
Non Current Assets Total197.0M215.7M203.5M197.9M215.4M114.8M
Non Currrent Assets Other20.0M18.1M9.8M14.0M20.2M13.5M
Other Assets20.6M18.1M9.8M13.7M15.7M13.5M
Cash And Short Term Investments24.5M34.2M34.1M41.1M28.8M21.0M
Net Receivables11.9M17.3M43.0M13.2M26.2M13.4M
Common Stock Total Equity191.9M192.1M229.8M230.0M264.5M147.7M
Common Stock Shares Outstanding80.1M92.5M93.3M94.1M95.0M99.7M
Liabilities And Stockholders Equity258.6M301.3M317.8M282.2M295.2M164.6M
Other Current Assets13.0M9.8M13.8M3.2M2.1M2.0M
Other Stockholder Equity10.4M4.2M3.3M4.6M5.3M8.8M
Total Liab146.8M165.5M141.2M98.1M98.3M67.5M
Property Plant And Equipment Gross176.4M197.6M416.1M411.6M460.6M483.7M
Total Current Assets61.6M85.6M114.3M84.3M79.8M49.8M
Common Stock229.8M230.0M230.4M231.2M231.5M169.0M
Inventory12.3M24.3M23.4M26.7M22.7M16.2M
Accumulated Other Comprehensive Income(40.1M)(25.8M)(40.9M)(58.4M)(54.5M)(51.7M)
Short Long Term Debt Total68.8M63.9M49.8M24.0M23.0M38.8M
Current Deferred Revenue21.5M33.3M41.8M21.5M24.8M16.9M
Short Term Debt64.8M18.0M18.2M1.4M1.2M1.2M
Non Current Liabilities Total42.8M91.2M62.8M60.8M66.4M50.5M
Other Liab38.9M45.3M31.1M38.6M34.7M34.6M
Net Tangible Assets111.8M135.8M176.7M184.2M165.7M132.2M
Property Plant Equipment176.4M197.6M193.7M183.9M211.5M203.0M
Long Term Debt418K42.4M28.0M19.8M20.4M14.7M
Long Term Debt Total4.0M46.0M31.6M22.3M25.6M19.7M
Net Invested Capital175.0M178.2M204.7M203.9M217.3M211.8M
Net Working Capital(42.4M)11.3M35.9M47.1M47.9M50.3M
Capital Stock229.8M230.0M230.4M231.2M231.5M246.6M

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

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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 CorrelationCorrelation 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.