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 Direction | Flat |
Relationship Strength | Insignificant |
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
Click cells to compare fundamentals
Mandalay Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
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0.34 | ORE | Orezone Gold Corp | PairCorr |
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.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.