Portofino Asset Turnover vs Total Current Liabilities Analysis
POR Stock | CAD 0.01 0.01 33.33% |
Portofino Resources financial indicator trend analysis is much more than just breaking down Portofino Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Portofino Resources is a good investment. Please check the relationship between Portofino Resources Asset Turnover and its Total Current Liabilities accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Portofino Resources. 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.
Asset Turnover vs Total Current Liabilities
Asset Turnover vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Portofino Resources Asset Turnover account and Total Current Liabilities. At this time, the significance of the direction appears to have pay attention.
The correlation between Portofino Resources' Asset Turnover and Total Current Liabilities is -0.89. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Portofino Resources, assuming nothing else is changed. The correlation between historical values of Portofino Resources' Asset Turnover and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Portofino Resources are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Asset Turnover i.e., Portofino Resources' Asset Turnover and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.89 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Total Current Liabilities
Total Current Liabilities is an item on Portofino Resources balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Portofino Resources are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Portofino Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Portofino Resources 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 Portofino Resources. 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. Enterprise Value is likely to climb to about 6.4 M in 2024, whereas Selling General Administrative is likely to drop slightly above 839 K in 2024.
Portofino Resources fundamental ratios Correlations
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Portofino Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Portofino Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 443.5K | 540.4K | 277.0K | 353.9K | 123.5K | 117.4K | |
Other Current Liab | 189.7K | 60.0K | 148.9K | 756.0K | 869.4K | 912.9K | |
Total Current Liabilities | 189.8K | 60.0K | 149.1K | 756.8K | 1.4M | 1.5M | |
Total Stockholder Equity | 253.7K | 480.4K | 127.9K | (402.9K) | (1.3M) | (1.2M) | |
Net Debt | (301.7K) | (274.1K) | (155.7K) | (65.1K) | (58.6K) | (61.6K) | |
Retained Earnings | (5.2M) | (7.6M) | (10.0M) | (12.5M) | (15.2M) | (14.5M) | |
Accounts Payable | 158.31 | 58.94 | 141.81 | 755.93 | 1.2M | 1.3M | |
Cash | 301.7K | 274.1K | 155.7K | 65.1K | 6.8K | 6.4K | |
Cash And Short Term Investments | 301.7K | 274.1K | 155.7K | 140.1K | 161.2K | 146.5K | |
Common Stock Shares Outstanding | 26.2M | 44.3M | 92.9M | 125.8M | 175.2M | 184.0M | |
Liabilities And Stockholders Equity | 443.5K | 540.4K | 277.0K | 353.9K | 407.0K | 435.5K | |
Other Current Assets | 84.4K | 67.8K | 72.6K | 185.3K | 213.1K | 223.8K | |
Other Stockholder Equity | 794.4K | 967.0K | 1.2M | 1.6M | 1.8M | 1.9M | |
Total Liab | 189.8K | 60.0K | 149.1K | 756.8K | 1.4M | 1.5M | |
Total Current Assets | 443.5K | 540.4K | 277.0K | 353.9K | 123.5K | 117.4K | |
Common Stock | 4.6M | 7.2M | 9.0M | 10.4M | 12.0M | 12.6M | |
Net Tangible Assets | 253.7K | 480.4K | 127.9K | (402.9K) | (362.6K) | (344.5K) | |
Net Receivables | 57.4K | 198.5K | 48.8K | 28.5K | 66.1K | 122.0K | |
Net Invested Capital | 253.7K | 480.4K | 127.9K | (402.9K) | (1.3M) | (1.2M) | |
Net Working Capital | 253.7K | 480.4K | 127.9K | (402.9K) | (1.3M) | (1.2M) | |
Capital Stock | 4.6M | 7.2M | 9.0M | 10.4M | 12.0M | 8.6M |
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