Ophir Net Working Capital vs Net Tangible Assets Analysis

OPHR Stock

CAD 0.08 0.01 11.11%

Ophir Gold financial indicator trend analysis is much more than just breaking down Ophir Gold Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ophir Gold Corp is a good investment. Please check the relationship between Ophir Gold Net Working Capital and its Net Tangible Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ophir Gold 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 metropolitan statistical area.

Net Working Capital vs Net Tangible Assets

Net Working Capital vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ophir Gold Corp Net Working Capital account and Net Tangible Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Ophir Gold's Net Working Capital and Net Tangible Assets is 0.93. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Ophir Gold Corp, assuming nothing else is changed. The correlation between historical values of Ophir Gold's Net Working Capital and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of Ophir Gold Corp are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Net Working Capital i.e., Ophir Gold's Net Working Capital and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Working Capital

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most indicators from Ophir Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ophir Gold 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 Ophir Gold 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 metropolitan statistical area.

At this time, Ophir Gold's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 3.9 M in 2025, whereas Issuance Of Capital Stock is likely to drop slightly above 1.7 M in 2025.

Ophir Gold fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Net Invested Capital	Total Current Assets	Net Working Capital	Common Stock	Property Plant Equipment	Short Term Investments	Capital Stock	Non Currrent Assets Other	Other Assets
Total Assets		-0.29	0.23	1.0	1.0	-0.92	-0.17	0.92	0.76	0.13	0.99	0.96	0.23	1.0	0.93	0.93	0.9	0.96	0.97	0.91	0.89	0.89
Other Current Liab	-0.29		0.23	-0.29	-0.29	0.08	0.52	-0.17	-0.37	-0.46	-0.19	-0.32	0.23	-0.29	-0.18	-0.19	-0.14	-0.24	-0.3	-0.22	-0.26	-0.26
Total Current Liabilities	0.23	0.23		0.21	0.22	-0.47	0.69	0.5	-0.27	0.67	0.32	0.18	1.0	0.21	0.48	0.47	0.3	0.25	0.29	0.42	0.43	0.43
Total Stockholder Equity	1.0	-0.29	0.21		1.0	-0.92	-0.18	0.92	0.77	0.12	0.99	0.96	0.21	1.0	0.92	0.93	0.9	0.96	0.97	0.91	0.88	0.88
Net Tangible Assets	1.0	-0.29	0.22	1.0		-0.92	-0.18	0.92	0.76	0.13	0.99	0.96	0.22	1.0	0.93	0.93	0.9	0.96	0.97	0.91	0.89	0.89
Retained Earnings	-0.92	0.08	-0.47	-0.92	-0.92		-0.05	-0.95	-0.55	-0.21	-0.95	-0.9	-0.47	-0.92	-0.95	-0.95	-0.88	-0.92	-0.94	-0.93	-0.87	-0.87
Accounts Payable	-0.17	0.52	0.69	-0.18	-0.18	-0.05		-0.04	-0.31	0.3	-0.07	-0.15	0.69	-0.18	-0.05	-0.06	0.0	-0.07	-0.14	-0.01	-0.03	-0.03
Cash	0.92	-0.17	0.5	0.92	0.92	-0.95	-0.04		0.45	0.32	0.94	0.85	0.5	0.92	1.0	1.0	0.79	0.87	0.94	0.87	0.89	0.89
Non Current Assets Total	0.76	-0.37	-0.27	0.77	0.76	-0.55	-0.31	0.45		-0.2	0.7	0.78	-0.27	0.77	0.47	0.48	0.79	0.76	0.66	0.66	0.58	0.58
Net Receivables	0.13	-0.46	0.67	0.12	0.13	-0.21	0.3	0.32	-0.2		0.14	0.09	0.67	0.12	0.32	0.31	0.14	0.09	0.21	0.31	0.35	0.35
Common Stock Shares Outstanding	0.99	-0.19	0.32	0.99	0.99	-0.95	-0.07	0.94	0.7	0.14		0.96	0.32	0.99	0.95	0.95	0.9	0.97	0.98	0.91	0.9	0.9
Other Stockholder Equity	0.96	-0.32	0.18	0.96	0.96	-0.9	-0.15	0.85	0.78	0.09	0.96		0.18	0.96	0.86	0.87	0.87	0.99	0.97	0.89	0.9	0.9
Total Liab	0.23	0.23	1.0	0.21	0.22	-0.47	0.69	0.5	-0.27	0.67	0.32	0.18		0.21	0.48	0.47	0.3	0.25	0.29	0.42	0.43	0.43
Net Invested Capital	1.0	-0.29	0.21	1.0	1.0	-0.92	-0.18	0.92	0.77	0.12	0.99	0.96	0.21		0.92	0.93	0.9	0.96	0.97	0.91	0.88	0.88
Total Current Assets	0.93	-0.18	0.48	0.92	0.93	-0.95	-0.05	1.0	0.47	0.32	0.95	0.86	0.48	0.92		1.0	0.8	0.88	0.95	0.88	0.89	0.89
Net Working Capital	0.93	-0.19	0.47	0.93	0.93	-0.95	-0.06	1.0	0.48	0.31	0.95	0.87	0.47	0.93	1.0		0.8	0.88	0.95	0.88	0.89	0.89
Common Stock	0.9	-0.14	0.3	0.9	0.9	-0.88	0.0	0.79	0.79	0.14	0.9	0.87	0.3	0.9	0.8	0.8		0.88	0.85	0.97	0.86	0.86
Property Plant Equipment	0.96	-0.24	0.25	0.96	0.96	-0.92	-0.07	0.87	0.76	0.09	0.97	0.99	0.25	0.96	0.88	0.88	0.88		0.97	0.89	0.9	0.9
Short Term Investments	0.97	-0.3	0.29	0.97	0.97	-0.94	-0.14	0.94	0.66	0.21	0.98	0.97	0.29	0.97	0.95	0.95	0.85	0.97		0.91	0.93	0.93
Capital Stock	0.91	-0.22	0.42	0.91	0.91	-0.93	-0.01	0.87	0.66	0.31	0.91	0.89	0.42	0.91	0.88	0.88	0.97	0.89	0.91		0.92	0.92
Non Currrent Assets Other	0.89	-0.26	0.43	0.88	0.89	-0.87	-0.03	0.89	0.58	0.35	0.9	0.9	0.43	0.88	0.89	0.89	0.86	0.9	0.93	0.92		1.0
Other Assets	0.89	-0.26	0.43	0.88	0.89	-0.87	-0.03	0.89	0.58	0.35	0.9	0.9	0.43	0.88	0.89	0.89	0.86	0.9	0.93	0.92	1.0

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Ophir Gold Account Relationship Matchups

Ophir Gold fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	3.7M	4.5M	6.6M	6.7M	7.7M	8.0M
Total Current Liabilities	133.1K	47.5K	81.7K	174.0K	200.1K	131.2K
Total Stockholder Equity	3.5M	4.5M	6.6M	6.5M	7.5M	7.8M
Net Tangible Assets	29.3K	3.5M	4.5M	6.6M	7.5M	7.9M
Retained Earnings	(6.9M)	(7.4M)	(8.3M)	(13.3M)	(11.9M)	(11.3M)
Accounts Payable	98.1K	57.4K	37.6K	68.9K	62.0K	51.5K
Cash	2.2M	568.0K	1.9M	4.4M	5.0M	5.3M
Non Current Assets Total	1.2M	3.7M	4.4M	1.9M	2.2M	1.7M
Net Receivables	8.4K	2.7K	8.5K	14.5K	16.7K	9.3K
Common Stock Shares Outstanding	49.7M	57.9M	89.3M	97.9M	112.6M	118.2M
Total Liab	133.1K	47.5K	81.7K	174.0K	200.1K	131.2K
Net Invested Capital	3.5M	4.5M	6.6M	6.5M	7.5M	7.8M
Total Current Assets	2.4M	780.0K	2.2M	4.8M	5.5M	5.8M
Net Working Capital	2.3M	732.5K	2.1M	4.6M	5.3M	5.5M
Common Stock	4.3M	6.4M	7.5M	9.5M	10.9M	6.1M
Short Term Investments	60K	120K	180K	225K	258.8K	271.7K
Capital Stock	6.4M	7.5M	9.5M	12.6M	14.4M	8.1M
Property Plant And Equipment Net	1.2M	3.7M	4.3M	1.9M	2.2M	2.4M

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