Saville Accounts Payable vs Net Receivables Analysis

SRE Stock  CAD 0.40  0.03  8.11%   
Saville Resources financial indicator trend analysis is much more than just breaking down Saville Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Saville Resources is a good investment. Please check the relationship between Saville Resources Accounts Payable and its Net Receivables accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Saville 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.

Accounts Payable vs Net Receivables

Accounts Payable vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Saville Resources Accounts Payable account and Net Receivables. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Saville Resources' Accounts Payable and Net Receivables is -0.06. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Saville Resources, assuming nothing else is changed. The correlation between historical values of Saville Resources' Accounts Payable and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Saville Resources are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Accounts Payable i.e., Saville Resources' Accounts Payable and Net Receivables go up and down completely randomly.

Correlation Coefficient

-0.06
Relationship DirectionNegative 
Relationship StrengthInsignificant

Accounts Payable

An accounting item on the balance sheet that represents Saville Resources obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Saville Resources are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Net Receivables

Most indicators from Saville Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Saville 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 Saville 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.
Selling General Administrative is likely to climb to about 324.2 K in 2024, whereas Tax Provision is likely to drop (92.7 K) in 2024.

Saville Resources fundamental ratios Correlations

0.150.990.76-0.240.170.64-0.010.550.650.640.460.610.970.980.990.66-0.510.150.650.20.27-0.140.27
0.150.030.48-0.520.87-0.17-0.170.77-0.140.540.60.490.220.10.1-0.24-0.370.63-0.180.57-0.35-0.55-0.35
0.990.030.71-0.150.050.670.020.430.70.570.360.540.940.970.990.72-0.440.040.660.080.35-0.020.35
0.760.480.71-0.740.510.56-0.090.650.520.970.850.910.720.740.740.48-0.820.680.10.63-0.25-0.61-0.25
-0.24-0.52-0.15-0.74-0.69-0.250.25-0.56-0.07-0.83-0.94-0.87-0.26-0.27-0.22-0.040.89-0.90.38-0.890.80.90.8
0.170.870.050.51-0.69-0.23-0.060.71-0.070.560.750.620.230.10.11-0.2-0.470.64-0.280.69-0.62-0.68-0.62
0.64-0.170.670.56-0.25-0.23-0.10.130.740.50.260.420.510.680.670.78-0.460.180.30.10.13-0.110.13
-0.01-0.170.02-0.090.25-0.06-0.1-0.220.25-0.18-0.21-0.2-0.1-0.13-0.09-0.030.29-0.230.0-0.230.140.220.14
0.550.770.430.65-0.560.710.13-0.22-0.040.680.740.610.670.540.51-0.08-0.610.670.340.74-0.21-0.68-0.21
0.65-0.140.70.52-0.07-0.070.740.25-0.040.380.110.30.430.570.660.94-0.13-0.090.2-0.150.220.140.22
0.640.540.570.97-0.830.560.5-0.180.680.380.890.920.630.650.630.36-0.890.790.00.72-0.36-0.7-0.36
0.460.60.360.85-0.940.750.26-0.210.740.110.890.930.510.460.430.07-0.910.88-0.140.9-0.66-0.9-0.66
0.610.490.540.91-0.870.620.42-0.20.610.30.920.930.620.620.590.29-0.930.71-0.10.7-0.5-0.69-0.5
0.970.220.940.72-0.260.230.51-0.10.670.430.630.510.620.970.950.46-0.560.20.710.290.25-0.210.25
0.980.10.970.74-0.270.10.68-0.130.540.570.650.460.620.970.980.62-0.580.170.670.220.28-0.150.28
0.990.10.990.74-0.220.110.67-0.090.510.660.630.430.590.950.980.7-0.50.120.660.160.3-0.10.3
0.66-0.240.720.48-0.04-0.20.78-0.03-0.080.940.360.070.290.460.620.7-0.16-0.150.27-0.20.290.20.29
-0.51-0.37-0.44-0.820.89-0.47-0.460.29-0.61-0.13-0.89-0.91-0.93-0.56-0.58-0.5-0.16-0.80.04-0.790.520.780.52
0.150.630.040.68-0.90.640.18-0.230.67-0.090.790.880.710.20.170.12-0.15-0.8-0.290.94-0.69-0.95-0.69
0.65-0.180.660.10.38-0.280.30.00.340.20.0-0.14-0.10.710.670.660.270.04-0.29-0.160.710.250.71
0.20.570.080.63-0.890.690.1-0.230.74-0.150.720.90.70.290.220.16-0.2-0.790.94-0.16-0.74-0.99-0.74
0.27-0.350.35-0.250.8-0.620.130.14-0.210.22-0.36-0.66-0.50.250.280.30.290.52-0.690.71-0.740.791.0
-0.14-0.55-0.02-0.610.9-0.68-0.110.22-0.680.14-0.7-0.9-0.69-0.21-0.15-0.10.20.78-0.950.25-0.990.790.79
0.27-0.350.35-0.250.8-0.620.130.14-0.210.22-0.36-0.66-0.50.250.280.30.290.52-0.690.71-0.741.00.79
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Saville Resources Account Relationship Matchups

Saville Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.9M2.3M3.3M3.2M398.6K378.6K
Total Current Liabilities57.5K173.2K192.3K304.3K435.0K227.9K
Total Stockholder Equity1.8M2.1M2.8M2.5M(36.4K)(34.6K)
Net Tangible Assets1.8M2.1M2.8M2.5M2.9M1.5M
Retained Earnings(8.8M)(9.2M)(9.5M)(9.7M)(12.3M)(12.9M)
Accounts Payable57.5K79.4K113.4K304.3K350.0K367.5K
Cash133.4K488.3K522.7K56.1K54.5K51.8K
Net Receivables3.0K2.8K3.0K687.0618.3587.39
Total Liab77.2K203.8K468.3K673.3K435.0K297.4K
Total Current Assets268.1K724.8K595.3K110.9K72.5K68.9K
Property Plant Equipment1.6M1.6M2.7M3.1M3.5M3.7M
Non Current Assets Total1.6M1.6M2.7M3.1M326.1K309.8K
Net Invested Capital1.8M2.1M3.1M2.9M(36.4K)(34.6K)
Net Working Capital210.6K551.7K403.0K(193.4K)(362.5K)(344.4K)
Short Term Investments126.4K114.7K68.1K52.5K14.4K13.7K

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