Oroco Average Payables vs Ptb Ratio Analysis

OCO Stock  CAD 0.32  0.01  3.23%   
Oroco Resource financial indicator trend analysis is much more than just breaking down Oroco Resource Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Oroco Resource Corp is a good investment. Please check the relationship between Oroco Resource Average Payables and its Ptb Ratio accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oroco Resource 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.

Average Payables vs Ptb Ratio

Average Payables vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Oroco Resource Corp Average Payables account and Ptb Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Oroco Resource's Average Payables and Ptb Ratio is -0.24. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Oroco Resource Corp, assuming nothing else is changed. The correlation between historical values of Oroco Resource's Average Payables and Ptb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of Oroco Resource Corp are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Average Payables i.e., Oroco Resource's Average Payables and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

-0.24
Relationship DirectionNegative 
Relationship StrengthInsignificant

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.
Most indicators from Oroco Resource's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Oroco Resource 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oroco Resource 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.
Issuance Of Capital Stock is likely to climb to about 10.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.5 M in 2024.
 2023 2024 (projected)
Reconciled Depreciation296.4K311.2K
Research Development111.3K62.9K

Oroco Resource fundamental ratios Correlations

0.150.70.451.00.83-0.47-0.830.840.440.980.46-0.220.970.96-0.530.450.420.150.94-0.610.99-0.48-0.46-0.760.99
0.15-0.19-0.070.150.06-0.14-0.530.130.150.120.150.220.290.150.23-0.060.171.00.180.10.12-0.450.24-0.010.13
0.7-0.190.240.710.630.15-0.620.49-0.220.81-0.19-0.420.710.61-0.740.24-0.24-0.190.63-0.750.75-0.25-0.55-0.530.76
0.45-0.070.240.420.37-0.15-0.170.520.250.440.26-0.350.290.350.01.00.21-0.070.33-0.080.410.320.03-0.470.38
1.00.150.710.420.83-0.46-0.840.840.420.980.45-0.20.970.96-0.530.420.410.150.92-0.631.0-0.49-0.47-0.751.0
0.830.060.630.370.83-0.35-0.660.570.310.820.35-0.210.840.79-0.440.370.30.060.81-0.820.84-0.37-0.6-0.640.84
-0.47-0.140.15-0.15-0.46-0.350.3-0.56-0.99-0.28-0.99-0.14-0.43-0.620.16-0.15-0.99-0.14-0.49-0.08-0.450.4-0.060.34-0.42
-0.83-0.53-0.62-0.17-0.84-0.660.3-0.73-0.24-0.84-0.270.11-0.92-0.780.41-0.17-0.25-0.53-0.780.56-0.840.70.390.5-0.86
0.840.130.490.520.840.57-0.56-0.730.530.780.54-0.120.770.77-0.30.520.520.130.7-0.310.83-0.39-0.23-0.590.82
0.440.15-0.220.250.420.31-0.99-0.240.530.231.00.110.370.58-0.080.250.990.150.450.140.4-0.30.1-0.320.37
0.980.120.810.440.980.82-0.28-0.840.780.230.26-0.280.960.9-0.560.440.220.120.9-0.70.98-0.45-0.52-0.740.98
0.460.15-0.190.260.450.35-0.99-0.270.541.00.260.110.40.61-0.10.260.990.150.470.10.43-0.320.07-0.340.4
-0.220.22-0.42-0.35-0.2-0.21-0.140.11-0.120.11-0.280.11-0.17-0.150.5-0.350.210.22-0.180.21-0.21-0.130.150.01-0.22
0.970.290.710.290.970.84-0.43-0.920.770.370.960.4-0.170.94-0.530.290.370.290.91-0.680.97-0.6-0.51-0.680.98
0.960.150.610.350.960.79-0.62-0.780.770.580.90.61-0.150.94-0.560.350.570.150.92-0.550.96-0.52-0.41-0.720.95
-0.530.23-0.740.0-0.53-0.440.160.41-0.3-0.08-0.56-0.10.5-0.53-0.560.0-0.040.23-0.60.4-0.550.360.290.38-0.57
0.45-0.060.241.00.420.37-0.15-0.170.520.250.440.26-0.350.290.350.00.22-0.060.33-0.080.410.320.03-0.470.39
0.420.17-0.240.210.410.3-0.99-0.250.520.990.220.990.210.370.57-0.040.220.170.440.140.39-0.320.1-0.330.36
0.151.0-0.19-0.070.150.06-0.14-0.530.130.150.120.150.220.290.150.23-0.060.170.180.10.12-0.450.24-0.010.13
0.940.180.630.330.920.81-0.49-0.780.70.450.90.47-0.180.910.92-0.60.330.440.18-0.540.92-0.56-0.4-0.790.92
-0.610.1-0.75-0.08-0.63-0.82-0.080.56-0.310.14-0.70.10.21-0.68-0.550.4-0.080.140.1-0.54-0.660.260.890.42-0.68
0.990.120.750.411.00.84-0.45-0.840.830.40.980.43-0.210.970.96-0.550.410.390.120.92-0.66-0.49-0.49-0.741.0
-0.48-0.45-0.250.32-0.49-0.370.40.7-0.39-0.3-0.45-0.32-0.13-0.6-0.520.360.32-0.32-0.45-0.560.26-0.490.190.23-0.52
-0.460.24-0.550.03-0.47-0.6-0.060.39-0.230.1-0.520.070.15-0.51-0.410.290.030.10.24-0.40.89-0.490.190.3-0.51
-0.76-0.01-0.53-0.47-0.75-0.640.340.5-0.59-0.32-0.74-0.340.01-0.68-0.720.38-0.47-0.33-0.01-0.790.42-0.740.230.3-0.73
0.990.130.760.381.00.84-0.42-0.860.820.370.980.4-0.220.980.95-0.570.390.360.130.92-0.681.0-0.52-0.51-0.73
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Oroco Resource Account Relationship Matchups

Oroco Resource fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets28.5M54.9M77.6M80.1M84.8M89.0M
Total Current Liabilities1.4M1.2M4.1M2.9M3.1M1.6M
Total Stockholder Equity19.9M50.3M70.2M74.4M80.7M84.7M
Property Plant And Equipment Net27.4M32.9M53.0M3.8M82.3M86.5M
Net Debt(407.2K)(20.2M)(23.0M)(1.5M)(1.3M)(1.4M)
Retained Earnings(18.2M)(20.2M)(27.7M)(32.4M)(33.9M)(32.2M)
Accounts Payable265.4K584.0K3.5M2.5M1.6M1.7M
Cash407.2K20.2M23.0M1.5M829.0K787.5K
Non Current Assets Total27.6M33.2M53.1M78.0M83.4M87.6M
Cash And Short Term Investments407.2K20.2M23.0M1.5M1.7M1.6M
Net Receivables360.1K828.4K839.5K60.3K97.4K92.5K
Common Stock Shares Outstanding113.0M173.4M194.2M208.0M243.3M255.4M
Liabilities And Stockholders Equity28.5M54.9M77.6M80.1M92.1M96.7M
Other Current Assets118.9K702.2K603.0K560.6K644.7K676.9K
Other Stockholder Equity3.1M138.7K12.6M(1.0)(0.9)(0.85)
Total Liab1.4M1.2M4.1M2.9M3.2M1.6M
Total Current Assets886.2K21.7M24.5M2.1M1.3M1.3M
Accumulated Other Comprehensive Income3.1M6.6M12.6M15.3M17.6M18.5M
Net Tangible Assets19.9M50.3M70.2M74.4M85.5M89.8M
Long Term Investments215.0K271.0K168.0K28.0K19.6K18.6K
Common Stock35.1M63.8M85.3M91.4M105.2M110.4M
Property Plant Equipment27.4M32.9M53.0M76.8M88.4M92.8M
Net Invested Capital19.9M50.3M70.2M74.4M80.7M41.8M
Net Working Capital(519.9K)20.6M20.4M(815.6K)(1.8M)(1.7M)
Property Plant And Equipment Gross27.4M33.0M53.3M77.6M83.5M50.7M
Capital Stock35.1M63.8M85.3M91.4M98.2M72.2M

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