Searchlight Average Inventory vs Pe Ratio Analysis

SCLT Stock  CAD 0.01  0.01  50.00%   
Searchlight Resources financial indicator trend analysis is much more than just breaking down Searchlight Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Searchlight Resources is a good investment. Please check the relationship between Searchlight Resources Average Inventory and its Pe Ratio accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Searchlight 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 estimate.

Average Inventory vs Pe Ratio

Average Inventory vs Pe Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Searchlight Resources Average Inventory account and Pe Ratio. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Searchlight Resources' Average Inventory and Pe Ratio is 0.16. Overlapping area represents the amount of variation of Average Inventory that can explain the historical movement of Pe Ratio in the same time period over historical financial statements of Searchlight Resources, assuming nothing else is changed. The correlation between historical values of Searchlight Resources' Average Inventory and Pe 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 Inventory of Searchlight Resources are associated (or correlated) with its Pe Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pe Ratio has no effect on the direction of Average Inventory i.e., Searchlight Resources' Average Inventory and Pe Ratio go up and down completely randomly.

Correlation Coefficient

0.16
Relationship DirectionPositive 
Relationship StrengthInsignificant

Average Inventory

The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.

Pe Ratio

Most indicators from Searchlight Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Searchlight 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Searchlight 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 estimate.
Enterprise Value is likely to climb to about 10.4 M in 2024, whereas Selling General Administrative is likely to drop slightly above 616.3 K in 2024.

Searchlight Resources fundamental ratios Correlations

-0.71-0.470.97-0.9-0.53-0.310.980.930.170.980.960.04-0.480.98-0.70.620.69-0.320.930.95-0.17-0.430.50.980.96
-0.710.73-0.810.69-0.040.52-0.69-0.670.38-0.68-0.710.370.76-0.680.99-0.38-0.390.69-0.67-0.64-0.21-0.24-0.44-0.79-0.74
-0.470.73-0.650.5-0.060.62-0.44-0.460.29-0.44-0.510.150.93-0.450.7-0.26-0.190.85-0.46-0.47-0.21-0.19-0.41-0.62-0.52
0.97-0.81-0.65-0.91-0.44-0.420.960.920.060.940.95-0.01-0.670.95-0.790.580.64-0.50.920.93-0.14-0.310.541.00.96
-0.90.690.5-0.910.390.23-0.95-0.76-0.14-0.92-0.82-0.160.55-0.930.67-0.4-0.440.28-0.76-0.80.250.3-0.6-0.91-0.82
-0.53-0.04-0.06-0.440.390.07-0.49-0.49-0.8-0.53-0.49-0.22-0.03-0.52-0.05-0.2-0.76-0.09-0.49-0.50.490.92-0.3-0.47-0.53
-0.310.520.62-0.420.230.07-0.22-0.370.19-0.27-0.380.510.6-0.260.44-0.2-0.440.49-0.37-0.36-0.35-0.11-0.21-0.42-0.42
0.98-0.69-0.440.96-0.95-0.49-0.220.880.160.980.910.12-0.470.99-0.690.560.6-0.270.880.9-0.22-0.410.540.960.92
0.93-0.67-0.460.92-0.76-0.49-0.370.880.10.860.990.0-0.490.85-0.660.740.72-0.351.00.99-0.25-0.420.290.930.96
0.170.380.290.06-0.14-0.80.190.160.10.20.090.40.280.20.390.050.370.270.10.12-0.48-0.810.130.090.12
0.98-0.68-0.440.94-0.92-0.53-0.270.980.860.20.890.08-0.431.0-0.670.540.64-0.280.860.88-0.1-0.430.550.950.91
0.96-0.71-0.510.95-0.82-0.49-0.380.910.990.090.89-0.02-0.540.89-0.690.70.72-0.390.990.99-0.26-0.390.420.960.98
0.040.370.15-0.01-0.16-0.220.510.120.00.40.08-0.020.160.080.40.08-0.350.220.00.06-0.49-0.48-0.09-0.02-0.06
-0.480.760.93-0.670.55-0.030.6-0.47-0.490.28-0.43-0.540.16-0.440.74-0.27-0.220.84-0.49-0.49-0.01-0.18-0.41-0.65-0.55
0.98-0.68-0.450.95-0.93-0.52-0.260.990.850.21.00.890.08-0.44-0.680.530.64-0.290.850.88-0.12-0.430.580.950.91
-0.70.990.7-0.790.67-0.050.44-0.69-0.660.39-0.67-0.690.40.74-0.68-0.37-0.390.69-0.65-0.62-0.22-0.25-0.43-0.78-0.72
0.62-0.38-0.260.58-0.4-0.2-0.20.560.740.050.540.70.08-0.270.53-0.370.48-0.130.740.74-0.22-0.33-0.070.590.63
0.69-0.39-0.190.64-0.44-0.76-0.440.60.720.370.640.72-0.35-0.220.64-0.390.48-0.150.720.7-0.19-0.590.310.670.75
-0.320.690.85-0.50.28-0.090.49-0.27-0.350.27-0.28-0.390.220.84-0.290.69-0.13-0.15-0.35-0.31-0.27-0.26-0.39-0.47-0.45
0.93-0.67-0.460.92-0.76-0.49-0.370.881.00.10.860.990.0-0.490.85-0.650.740.72-0.350.99-0.25-0.420.290.930.96
0.95-0.64-0.470.93-0.8-0.5-0.360.90.990.120.880.990.06-0.490.88-0.620.740.7-0.310.99-0.27-0.440.330.940.95
-0.17-0.21-0.21-0.140.250.49-0.35-0.22-0.25-0.48-0.1-0.26-0.49-0.01-0.12-0.22-0.22-0.19-0.27-0.25-0.270.58-0.04-0.15-0.2
-0.43-0.24-0.19-0.310.30.92-0.11-0.41-0.42-0.81-0.43-0.39-0.48-0.18-0.43-0.25-0.33-0.59-0.26-0.42-0.440.58-0.1-0.35-0.39
0.5-0.44-0.410.54-0.6-0.3-0.210.540.290.130.550.42-0.09-0.410.58-0.43-0.070.31-0.390.290.33-0.04-0.10.530.51
0.98-0.79-0.621.0-0.91-0.47-0.420.960.930.090.950.96-0.02-0.650.95-0.780.590.67-0.470.930.94-0.15-0.350.530.97
0.96-0.74-0.520.96-0.82-0.53-0.420.920.960.120.910.98-0.06-0.550.91-0.720.630.75-0.450.960.95-0.2-0.390.510.97
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Searchlight Resources Account Relationship Matchups

Searchlight Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.4M1.9M2.2M2.2M2.5M2.6M
Total Current Liabilities214.2K21.6K72.3K138.8K124.9K118.7K
Total Stockholder Equity1.2M1.9M2.1M2.0M2.3M2.5M
Net Debt(786.2K)(1.2M)(1.4M)(1.3M)(1.1M)(1.1M)
Retained Earnings(30.7M)(32.0M)(33.3M)(34.6M)(31.2M)(32.7M)
Accounts Payable20.7K440.013.3K17.2K15.5K14.7K
Cash883.7K1.2M1.4M1.3M1.5M1.5M
Non Current Assets Total233.6K400.2K470.2K757.7K871.4K915.0K
Cash And Short Term Investments1.2M1.4M1.5M1.3M1.5M1.6M
Common Stock Shares Outstanding35.0M82.1M111.8M132.8M152.7M160.4M
Liabilities And Stockholders Equity1.4M1.9M2.2M2.2M2.5M2.6M
Other Stockholder Equity8.7M9.1M9.3M9.5M11.0M13.0M
Total Liab214.2K21.6K72.3K138.8K124.9K118.7K
Total Current Assets1.2M1.5M1.7M1.4M1.6M1.7M
Common Stock22.8M24.5M25.9M27.2M31.2M32.8M
Other Current Liab116.7K21.6K72.3K138.8K124.9K185.7K
Property Plant And Equipment Net233.6K400.2K470.2K757.7K871.4K915.0K
Other Current Assets35.1K47.5K70.5K94.2K108.3K113.7K
Short Term Investments274.1K164.5K65.8K47.7K43.0K40.8K
Net Receivables17.0K86.6K154.1K13.7K15.7K14.9K
Net Tangible Assets(246.6K)1.2M1.9M2.1M2.4M2.5M
Property Plant Equipment199.3K233.6K400.2K470.2K540.8K567.8K
Net Invested Capital1.3M1.9M2.1M2.0M2.3M1.4M
Net Working Capital995.7K1.5M1.6M1.3M1.5M937.4K
Capital Stock22.8M24.5M25.9M27.2M31.2M26.8M

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Additional Tools for Searchlight Stock Analysis

When running Searchlight Resources' price analysis, check to measure Searchlight Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Searchlight Resources is operating at the current time. Most of Searchlight Resources' value examination focuses on studying past and present price action to predict the probability of Searchlight Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Searchlight Resources' price. Additionally, you may evaluate how the addition of Searchlight Resources to your portfolios can decrease your overall portfolio volatility.