Outback Investments vs Depreciation Analysis

OZ Stock

0.33 0.05 17.86%

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

Investments vs Depreciation

Investments vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Outback Goldfields Corp Investments account and Depreciation. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Outback Goldfields' Investments and Depreciation is 0.87. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Depreciation in the same time period over historical financial statements of Outback Goldfields Corp, assuming nothing else is changed. The correlation between historical values of Outback Goldfields' Investments and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Investments of Outback Goldfields Corp are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Investments i.e., Outback Goldfields' Investments and Depreciation go up and down completely randomly.

Correlation Coefficient

0.87

Relationship Direction	Positive
Relationship Strength	Strong

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Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Depreciation

Depreciation indicates how much of Outback Goldfields Corp value has been used up. For tax purposes Outback Goldfields can deduct the cost of the tangible assets it purchases as business expenses. However, Outback Goldfields Corp must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

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

Selling General Administrative is likely to climb to about 1.6 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (2.19) in 2024.

Outback Goldfields fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Net Receivables	Common Stock Shares Outstanding	Total Liab	Net Invested Capital	Total Current Assets	Net Working Capital	Common Stock	Property Plant Equipment	Other Stockholder Equity	Short Long Term Debt	Capital Stock	Property Plant And Equipment Net	Non Currrent Assets Other	Other Assets	Other Current Assets
Total Assets		0.77	1.0	0.91	-0.6	0.7	0.89	1.0	0.79	0.94	0.77	1.0	0.89	0.89	0.9	0.89	-0.27	-0.27	0.94	0.98	-0.43	-0.42	-0.66
Total Current Liabilities	0.77		0.77	0.69	-0.38	0.96	0.92	0.71	0.98	0.68	1.0	0.77	0.93	0.92	0.66	0.64	-0.21	-0.21	0.69	0.71	-0.24	-0.23	-0.22
Total Stockholder Equity	1.0	0.77		0.91	-0.6	0.7	0.89	1.0	0.79	0.94	0.77	1.0	0.88	0.89	0.9	0.89	-0.27	-0.27	0.94	0.98	-0.43	-0.42	-0.66
Net Tangible Assets	0.91	0.69	0.91		-0.86	0.56	0.72	0.92	0.66	0.95	0.69	0.91	0.72	0.72	1.0	1.0	-0.59	-0.59	0.97	0.96	-0.74	-0.73	-0.85
Retained Earnings	-0.6	-0.38	-0.6	-0.86		-0.18	-0.31	-0.65	-0.29	-0.81	-0.38	-0.6	-0.32	-0.31	-0.88	-0.89	0.66	0.66	-0.82	-0.7	0.82	0.81	0.92
Accounts Payable	0.7	0.96	0.7	0.56	-0.18		0.94	0.63	0.98	0.54	0.96	0.7	0.94	0.94	0.53	0.5	-0.12	-0.12	0.54	0.63	-0.11	-0.11	-0.05
Cash	0.89	0.92	0.89	0.72	-0.31	0.94		0.84	0.97	0.72	0.92	0.89	1.0	1.0	0.7	0.68	-0.16	-0.16	0.72	0.83	-0.21	-0.21	-0.29
Non Current Assets Total	1.0	0.71	1.0	0.92	-0.65	0.63	0.84		0.73	0.95	0.71	1.0	0.84	0.84	0.91	0.91	-0.29	-0.29	0.96	0.99	-0.46	-0.46	-0.72
Net Receivables	0.79	0.98	0.79	0.66	-0.29	0.98	0.97	0.73		0.65	0.98	0.79	0.97	0.97	0.63	0.61	-0.17	-0.17	0.65	0.72	-0.19	-0.19	-0.17
Common Stock Shares Outstanding	0.94	0.68	0.94	0.95	-0.81	0.54	0.72	0.95	0.65		0.68	0.94	0.72	0.72	0.95	0.95	-0.36	-0.36	1.0	0.94	-0.55	-0.54	-0.81
Total Liab	0.77	1.0	0.77	0.69	-0.38	0.96	0.92	0.71	0.98	0.68		0.77	0.93	0.92	0.66	0.64	-0.21	-0.21	0.69	0.71	-0.24	-0.23	-0.22
Net Invested Capital	1.0	0.77	1.0	0.91	-0.6	0.7	0.89	1.0	0.79	0.94	0.77		0.88	0.89	0.9	0.89	-0.27	-0.27	0.94	0.98	-0.43	-0.42	-0.66
Total Current Assets	0.89	0.93	0.88	0.72	-0.32	0.94	1.0	0.84	0.97	0.72	0.93	0.88		1.0	0.7	0.68	-0.17	-0.17	0.72	0.83	-0.21	-0.22	-0.28
Net Working Capital	0.89	0.92	0.89	0.72	-0.31	0.94	1.0	0.84	0.97	0.72	0.92	0.89	1.0		0.7	0.68	-0.16	-0.16	0.72	0.83	-0.21	-0.21	-0.29
Common Stock	0.9	0.66	0.9	1.0	-0.88	0.53	0.7	0.91	0.63	0.95	0.66	0.9	0.7	0.7		1.0	-0.61	-0.61	0.96	0.95	-0.75	-0.75	-0.87
Property Plant Equipment	0.89	0.64	0.89	1.0	-0.89	0.5	0.68	0.91	0.61	0.95	0.64	0.89	0.68	0.68	1.0		-0.62	-0.62	0.96	0.94	-0.77	-0.76	-0.89
Other Stockholder Equity	-0.27	-0.21	-0.27	-0.59	0.66	-0.12	-0.16	-0.29	-0.17	-0.36	-0.21	-0.27	-0.17	-0.16	-0.61	-0.62		1.0	-0.4	-0.41	0.96	0.97	0.62
Short Long Term Debt	-0.27	-0.21	-0.27	-0.59	0.66	-0.12	-0.16	-0.29	-0.17	-0.36	-0.21	-0.27	-0.17	-0.16	-0.61	-0.62	1.0		-0.4	-0.41	0.96	0.97	0.62
Capital Stock	0.94	0.69	0.94	0.97	-0.82	0.54	0.72	0.96	0.65	1.0	0.69	0.94	0.72	0.72	0.96	0.96	-0.4	-0.4		0.95	-0.59	-0.58	-0.82
Property Plant And Equipment Net	0.98	0.71	0.98	0.96	-0.7	0.63	0.83	0.99	0.72	0.94	0.71	0.98	0.83	0.83	0.95	0.94	-0.41	-0.41	0.95		-0.56	-0.56	-0.76
Non Currrent Assets Other	-0.43	-0.24	-0.43	-0.74	0.82	-0.11	-0.21	-0.46	-0.19	-0.55	-0.24	-0.43	-0.21	-0.21	-0.75	-0.77	0.96	0.96	-0.59	-0.56		1.0	0.81
Other Assets	-0.42	-0.23	-0.42	-0.73	0.81	-0.11	-0.21	-0.46	-0.19	-0.54	-0.23	-0.42	-0.22	-0.21	-0.75	-0.76	0.97	0.97	-0.58	-0.56	1.0		0.8
Other Current Assets	-0.66	-0.22	-0.66	-0.85	0.92	-0.05	-0.29	-0.72	-0.17	-0.81	-0.22	-0.66	-0.28	-0.29	-0.87	-0.89	0.62	0.62	-0.82	-0.76	0.81	0.8

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Outback Goldfields Account Relationship Matchups

Outback Goldfields fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	148.5K	29.6M	27.1M	15.1M	17.4M	13.3M
Total Current Liabilities	40.3K	406.2K	73.0K	139.7K	160.7K	140.9K
Total Stockholder Equity	108.2K	29.2M	27.1M	15.0M	17.2M	13.2M
Net Tangible Assets	279.2K	108.2K	29.2M	27.1M	31.1M	32.7M
Retained Earnings	(568.4K)	(3.6M)	(6.3M)	(18.6M)	(16.7M)	(15.9M)
Accounts Payable	29.3K	13.3K	406.2K	73.0K	84.0K	126.5K
Cash	131.0K	6.8M	3.1M	1.3M	1.5M	2.2M
Non Current Assets Total	7.7K	22.2M	24.0M	13.7M	15.7M	11.0M
Net Receivables	795.0	3.8K	169.6K	27.4K	31.5K	44.4K
Total Liab	40.3K	406.2K	73.0K	139.7K	160.7K	140.9K
Net Invested Capital	135.2K	29.2M	27.1M	15.0M	17.2M	13.2M
Total Current Assets	140.8K	7.4M	3.2M	1.4M	1.7M	2.3M
Net Working Capital	100.6K	7.0M	3.1M	1.3M	1.5M	2.2M
Property Plant Equipment	104.7K	7.7K	22.2M	24.0M	27.5M	28.9M

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