Steppe Total Cash From Operating Activities vs Gross Profit Margin Analysis

STGO Stock

CAD 0.66 0.03 4.76%

Steppe Gold financial indicator trend analysis is much more than just breaking down Steppe Gold prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Steppe Gold is a good investment. Please check the relationship between Steppe Gold Total Cash From Operating Activities and its Gross Profit Margin accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steppe Gold. 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.

Total Cash From Operating Activities vs Gross Profit Margin

Total Cash From Operating Activities vs Gross Profit Margin Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Steppe Gold Total Cash From Operating Activities account and Gross Profit Margin. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Steppe Gold's Total Cash From Operating Activities and Gross Profit Margin is -0.14. Overlapping area represents the amount of variation of Total Cash From Operating Activities that can explain the historical movement of Gross Profit Margin in the same time period over historical financial statements of Steppe Gold, assuming nothing else is changed. The correlation between historical values of Steppe Gold's Total Cash From Operating Activities and Gross Profit Margin is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Cash From Operating Activities of Steppe Gold are associated (or correlated) with its Gross Profit Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit Margin has no effect on the direction of Total Cash From Operating Activities i.e., Steppe Gold's Total Cash From Operating Activities and Gross Profit Margin go up and down completely randomly.

Correlation Coefficient

-0.14

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Total Cash From Operating Activities

Gross Profit Margin

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

At this time, Steppe Gold's Tax Provision is very stable compared to the past year. As of the 13th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.25, while Selling General Administrative is likely to drop about 7.5 M.

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	2.8M	4.2M	2.6M	2.2M
Cost Of Revenue	14.4M	31.5M	24.8M	14.9M

Reconciled Depreciation Cost Of Revenue

Steppe Gold fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Other Assets	Net Invested Capital
Total Assets		0.89	0.94	0.65	0.56	0.79	-0.96	0.76	0.56	0.56	0.76	0.91	0.97	0.94	0.81	0.56	0.91	0.95	0.82	0.92	0.78	-0.64	0.9	0.34	0.24	0.91
Other Current Liab	0.89		0.92	0.49	0.42	0.67	-0.93	0.75	0.32	0.35	0.73	0.82	0.87	0.82	0.77	0.4	0.87	0.89	0.7	0.81	0.63	-0.6	0.87	0.36	0.16	0.78
Total Current Liabilities	0.94	0.92		0.41	0.32	0.89	-0.95	0.68	0.28	0.31	0.88	0.79	0.89	0.95	0.75	0.41	0.8	0.99	0.69	0.78	0.86	-0.47	0.79	0.23	0.44	0.83
Total Stockholder Equity	0.65	0.49	0.41		0.7	0.21	-0.62	0.82	0.75	0.71	0.06	0.86	0.71	0.44	0.8	0.86	0.74	0.43	0.92	0.8	0.25	-0.67	0.74	0.28	-0.42	0.62
Net Tangible Assets	0.56	0.42	0.32	0.7		0.01	-0.45	0.34	0.95	0.96	0.25	0.62	0.48	0.44	0.33	0.27	0.67	0.38	0.54	0.57	0.08	-0.77	0.66	0.44	-0.23	0.72
Net Debt	0.79	0.67	0.89	0.21	0.01		-0.76	0.49	0.05	0.08	0.81	0.56	0.73	0.86	0.6	0.4	0.5	0.89	0.53	0.58	0.99	-0.16	0.5	0.0	0.68	0.67
Retained Earnings	-0.96	-0.93	-0.95	-0.62	-0.45	-0.76		-0.84	-0.43	-0.43	-0.75	-0.92	-0.96	-0.9	-0.87	-0.56	-0.92	-0.94	-0.83	-0.9	-0.73	0.62	-0.9	-0.33	-0.17	-0.83
Accounts Payable	0.76	0.75	0.68	0.82	0.34	0.49	-0.84		0.37	0.34	0.32	0.92	0.86	0.59	0.99	0.84	0.81	0.65	0.94	0.87	0.47	-0.54	0.8	0.22	-0.24	0.58
Cash	0.56	0.32	0.28	0.75	0.95	0.05	-0.43	0.37		0.99	0.22	0.64	0.52	0.42	0.37	0.37	0.64	0.35	0.59	0.63	0.13	-0.66	0.6	0.3	-0.22	0.71
Cash And Short Term Investments	0.56	0.35	0.31	0.71	0.96	0.08	-0.43	0.34	0.99		0.27	0.63	0.5	0.43	0.34	0.32	0.62	0.37	0.57	0.61	0.16	-0.62	0.57	0.24	-0.14	0.75
Net Receivables	0.76	0.73	0.88	0.06	0.25	0.81	-0.75	0.32	0.22	0.27		0.52	0.65	0.85	0.4	0.0	0.57	0.88	0.35	0.53	0.79	-0.23	0.52	0.05	0.69	0.76
Common Stock Total Equity	0.91	0.82	0.79	0.86	0.62	0.56	-0.92	0.92	0.64	0.63	0.52		0.94	0.76	0.93	0.75	0.93	0.79	0.97	0.96	0.57	-0.67	0.9	0.28	-0.09	0.83
Common Stock Shares Outstanding	0.97	0.87	0.89	0.71	0.48	0.73	-0.96	0.86	0.52	0.5	0.65	0.94		0.85	0.89	0.65	0.93	0.88	0.88	0.97	0.71	-0.62	0.91	0.31	0.08	0.81
Non Current Liabilities Total	0.94	0.82	0.95	0.44	0.44	0.86	-0.9	0.59	0.42	0.43	0.85	0.76	0.85		0.66	0.4	0.79	0.98	0.66	0.74	0.84	-0.57	0.78	0.35	0.44	0.86
Inventory	0.81	0.77	0.75	0.8	0.33	0.6	-0.87	0.99	0.37	0.34	0.4	0.93	0.89	0.66		0.86	0.8	0.72	0.96	0.88	0.59	-0.49	0.79	0.15	-0.1	0.65
Other Current Assets	0.56	0.4	0.41	0.86	0.27	0.4	-0.56	0.84	0.37	0.32	0.0	0.75	0.65	0.4	0.86		0.53	0.41	0.89	0.68	0.42	-0.39	0.55	0.08	-0.26	0.43
Other Stockholder Equity	0.91	0.87	0.8	0.74	0.67	0.5	-0.92	0.81	0.64	0.62	0.57	0.93	0.93	0.79	0.8	0.53		0.8	0.82	0.93	0.48	-0.82	0.98	0.55	-0.13	0.8
Total Liab	0.95	0.89	0.99	0.43	0.38	0.89	-0.94	0.65	0.35	0.37	0.88	0.79	0.88	0.98	0.72	0.41	0.8		0.68	0.77	0.86	-0.52	0.8	0.29	0.45	0.86
Total Current Assets	0.82	0.7	0.69	0.92	0.54	0.53	-0.83	0.94	0.59	0.57	0.35	0.97	0.88	0.66	0.96	0.89	0.82	0.68		0.91	0.55	-0.58	0.81	0.18	-0.15	0.74
Common Stock	0.92	0.81	0.78	0.8	0.57	0.58	-0.9	0.87	0.63	0.61	0.53	0.96	0.97	0.74	0.88	0.68	0.93	0.77	0.91		0.59	-0.61	0.89	0.26	-0.06	0.79
Short Long Term Debt Total	0.78	0.63	0.86	0.25	0.08	0.99	-0.73	0.47	0.13	0.16	0.79	0.57	0.71	0.84	0.59	0.42	0.48	0.86	0.55	0.59		-0.14	0.48	-0.07	0.71	0.72
Other Liab	-0.64	-0.6	-0.47	-0.67	-0.77	-0.16	0.62	-0.54	-0.66	-0.62	-0.23	-0.67	-0.62	-0.57	-0.49	-0.39	-0.82	-0.52	-0.58	-0.61	-0.14		-0.88	-0.87	0.36	-0.59
Property Plant And Equipment Net	0.9	0.87	0.79	0.74	0.66	0.5	-0.9	0.8	0.6	0.57	0.52	0.9	0.91	0.78	0.79	0.55	0.98	0.8	0.81	0.89	0.48	-0.88		0.63	-0.14	0.78
Current Deferred Revenue	0.34	0.36	0.23	0.28	0.44	0.0	-0.33	0.22	0.3	0.24	0.05	0.28	0.31	0.35	0.15	0.08	0.55	0.29	0.18	0.26	-0.07	-0.87	0.63		-0.37	0.21
Other Assets	0.24	0.16	0.44	-0.42	-0.23	0.68	-0.17	-0.24	-0.22	-0.14	0.69	-0.09	0.08	0.44	-0.1	-0.26	-0.13	0.45	-0.15	-0.06	0.71	0.36	-0.14	-0.37		0.34
Net Invested Capital	0.91	0.78	0.83	0.62	0.72	0.67	-0.83	0.58	0.71	0.75	0.76	0.83	0.81	0.86	0.65	0.43	0.8	0.86	0.74	0.79	0.72	-0.59	0.78	0.21	0.34

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Steppe Gold Account Relationship Matchups

Steppe Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	53.4M	86.0M	146.3M	72.7M	98.3M	72.4M
Other Current Liab	18.3M	12.5M	24.4M	20.3M	12.2M	12.2M
Total Current Liabilities	22.3M	20.2M	72.9M	35.1M	27.3M	26.2M
Total Stockholder Equity	11.2M	41.5M	7.3M	17.7M	48.6M	51.0M
Net Tangible Assets	16.7M	11.2M	41.5M	7.3M	8.4M	14.7M
Net Debt	4.1M	(2.0M)	78.9M	7.0M	30.0M	16.7M
Retained Earnings	(23.4M)	(27.4M)	(63.1M)	(47.2M)	(38.3M)	(40.2M)
Accounts Payable	3.7M	3.4M	6.1M	10.2M	11.7M	12.3M
Cash	671.4K	15.1M	2.6M	2.5M	6.0M	5.0M
Non Current Assets Total	43.3M	52.6M	114.0M	43.1M	44.3M	48.6M
Non Currrent Assets Other	2.0M	14.4M	71.1M	1.6M	3.0M	2.9M
Long Term Debt	4.2M	9.3M	39.0M	4.4M	5.1M	4.8M
Cash And Short Term Investments	671.4K	20.1M	4.1M	2.9M	6.0M	6.0M
Net Receivables	148.5K	690K	2.3M	958K	41K	39.0K
Common Stock Total Equity	8.1M	20.4M	22.5M	54.1M	62.2M	65.3M
Common Stock Shares Outstanding	41.8M	56.0M	93.0M	69.8M	94.6M	57.9M
Long Term Debt Total	4.4M	9.3M	39.5M	4.8M	5.6M	9.7M
Liabilities And Stockholders Equity	53.4M	86.0M	146.3M	72.7M	98.3M	72.4M
Non Current Liabilities Total	20.0M	24.5M	66.3M	20.3M	23.0M	26.3M
Inventory	8.4M	9.9M	22.4M	24.2M	32.3M	33.9M
Other Current Assets	999.1K	2.7M	3.5M	1.6M	15.6M	16.4M
Other Stockholder Equity	17.4M	22.2M	22.9M	25.2M	23.1M	17.9M
Total Liab	42.4M	44.7M	139.3M	55.4M	50.3M	52.5M
Total Current Assets	10.2M	33.4M	32.3M	29.6M	54.0M	56.7M
Accumulated Other Comprehensive Income	(5.4M)	(7.3M)	(7.8M)	(16.1M)	(15.7M)	(14.9M)
Short Term Debt	399.0K	3.8M	42.0M	4.7M	15.1M	10.3M
Common Stock	22.5M	54.1M	55.3M	55.8M	79.6M	40.7M
Property Plant Equipment	41.3M	37.8M	36.0M	39.3M	45.2M	29.4M
Short Long Term Debt Total	4.8M	13.1M	81.5M	9.5M	36.1M	24.8M
Other Liab	320.5K	271.0K	1.1M	3.2M	2.9M	1.6M
Property Plant And Equipment Net	41.3M	37.8M	42.0M	39.3M	41.0M	36.8M
Other Assets	2.0M	14.8M	78.0M	2.2M	2.5M	2.4M
Net Invested Capital	20.9M	56.6M	59.8M	26.7M	30.7M	36.1M
Property Plant And Equipment Gross	43.3M	39.7M	53.3M	51.8M	59.6M	41.2M
Short Long Term Debt	5.5M	5.8M	13.5M	4.5M	5.2M	7.1M
Non Current Liabilities Other	15.4M	14.1M	23.6M	12.1M	13.9M	17.1M
Net Working Capital	(12.2M)	13.2M	(40.7M)	(5.5M)	(5.0M)	(5.2M)
Capital Surpluse	3.8M	10.1M	11.7M	19.6M	22.5M	23.6M
Capital Stock	22.5M	54.1M	55.3M	55.8M	64.1M	45.8M

Pair Trading with Steppe Gold

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Steppe Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Steppe Gold will appreciate offsetting losses from the drop in the long position's value.

Moving together with Steppe Stock

0.75

ORE

Orezone Gold Corp

Pair Corr

Moving against Steppe Stock

0.72	WCN	Waste Connections	Pair Corr
0.67	CSU	Constellation Software	Pair Corr
0.64	FFH	Fairfax Financial	Pair Corr
0.38	FSV	FirstService Corp	Pair Corr

The ability to find closely correlated positions to Steppe Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Steppe Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Steppe Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Steppe Gold to buy it.

The correlation of Steppe Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Steppe Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Steppe Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Steppe Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Steppe Stock

Balance Sheet is a snapshot of the financial position of Steppe Gold at a specified time, usually calculated after every quarter, six months, or one year. Steppe Gold Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Steppe Gold and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Steppe currently owns. An asset can also be divided into two categories, current and non-current.

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Steppe Total Cash From Operating Activities vs Gross Profit Margin Analysis

Total Cash From Operating Activities vs Gross Profit Margin

Total Cash From Operating Activities vs Gross Profit Margin Correlation Analysis

Correlation Coefficient

Total Cash From Operating Activities

Gross Profit Margin

Steppe Gold fundamental ratios Correlations

Steppe Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Steppe Gold fundamental ratios Accounts

Pair Trading with Steppe Gold

Moving together with Steppe Stock

Moving against Steppe Stock

Other Information on Investing in Steppe Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 0.99	Total Current Liabilities
Short Long Term Debt Total	+ 0.99	Net Debt
Inventory	+ 0.99	Accounts Payable
Cash And Short Term Investments	+ 0.99	Cash
Total Liab	+ 0.98	Non Current Liabilities Total
Property Plant And Equipment Net	+ 0.98	Other Stockholder Equity

Common Stock Shares Outstanding	- 0.96	Retained Earnings
Retained Earnings	- 0.96	Total Assets
Retained Earnings	- 0.95	Total Current Liabilities
Total Liab	- 0.94	Retained Earnings
Retained Earnings	- 0.93	Other Current Liab
Other Stockholder Equity	- 0.92	Retained Earnings