Taseko Change To Inventory vs Capital Expenditures Analysis

TKO Stock  CAD 3.06  0.07  2.34%   
Taseko Mines financial indicator trend analysis is much more than just breaking down Taseko Mines prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Taseko Mines is a good investment. Please check the relationship between Taseko Mines Change To Inventory and its Capital Expenditures accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Taseko Mines. 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.
To learn how to invest in Taseko Stock, please use our How to Invest in Taseko Mines guide.

Change To Inventory vs Capital Expenditures

Change To Inventory vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Taseko Mines Change To Inventory account and Capital Expenditures. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Taseko Mines' Change To Inventory and Capital Expenditures is -0.38. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Taseko Mines, assuming nothing else is changed. The correlation between historical values of Taseko Mines' Change To Inventory and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of Taseko Mines are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Change To Inventory i.e., Taseko Mines' Change To Inventory and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.38
Relationship DirectionNegative 
Relationship StrengthInsignificant

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Capital Expenditures

Capital Expenditures are funds used by Taseko Mines to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Taseko Mines operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Taseko Mines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Taseko Mines 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 Taseko Mines. 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.
To learn how to invest in Taseko Stock, please use our How to Invest in Taseko Mines guide.At this time, Taseko Mines' Tax Provision is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value is likely to grow to about 1.1 B, while Selling General Administrative is likely to drop about 14.7 M.
 2021 2022 2023 2024 (projected)
Total Operating Expenses20.9M15.0M21.1M15.2M
Other Operating Expenses290.4M352.4M338.7M191.8M

Taseko Mines fundamental ratios Correlations

0.910.920.790.480.890.780.60.310.89-0.040.31-0.070.910.08-0.080.910.80.40.57-0.520.280.77-0.05-0.55-0.41
0.910.920.90.520.940.780.550.30.960.10.30.090.970.190.010.970.890.440.74-0.260.270.85-0.06-0.44-0.64
0.920.920.850.240.950.920.390.170.93-0.210.16-0.220.98-0.03-0.190.980.960.260.71-0.580.230.940.23-0.5-0.61
0.790.90.850.390.860.750.380.20.87-0.030.210.20.860.09-0.130.890.860.370.88-0.240.40.850.06-0.32-0.64
0.480.520.240.390.30.020.810.560.390.530.570.60.320.510.290.330.140.710.180.340.330.07-0.58-0.180.14
0.890.940.950.860.30.940.4-0.010.99-0.15-0.01-0.10.97-0.11-0.260.970.920.130.72-0.490.270.90.05-0.46-0.68
0.780.780.920.750.020.940.2-0.240.9-0.4-0.25-0.30.89-0.35-0.470.880.89-0.120.65-0.690.220.890.24-0.45-0.62
0.60.550.390.380.810.40.20.470.470.150.490.270.410.290.070.420.260.550.050.040.290.2-0.41-0.120.08
0.310.30.170.20.56-0.01-0.240.470.040.451.00.220.180.780.670.190.130.950.080.270.020.08-0.02-0.110.11
0.890.960.930.870.390.990.90.470.04-0.050.04-0.020.97-0.05-0.210.970.90.180.71-0.390.290.86-0.05-0.43-0.67
-0.040.1-0.21-0.030.53-0.15-0.40.150.45-0.050.440.56-0.090.710.76-0.08-0.250.48-0.060.650.15-0.26-0.67-0.240.01
0.310.30.160.210.57-0.01-0.250.491.00.040.440.240.180.760.650.190.130.950.080.290.020.07-0.03-0.060.11
-0.070.09-0.220.20.6-0.1-0.30.270.22-0.020.560.24-0.140.370.23-0.09-0.20.40.270.690.07-0.21-0.590.130.11
0.910.970.980.860.320.970.890.410.180.97-0.090.18-0.140.06-0.11.00.960.30.73-0.450.190.930.13-0.47-0.69
0.080.19-0.030.090.51-0.11-0.350.290.78-0.050.710.760.370.060.940.06-0.010.810.080.5-0.09-0.04-0.16-0.22-0.01
-0.080.01-0.19-0.130.29-0.26-0.470.070.67-0.210.760.650.23-0.10.94-0.11-0.180.63-0.10.49-0.16-0.18-0.19-0.23-0.01
0.910.970.980.890.330.970.880.420.190.97-0.080.19-0.091.00.06-0.110.960.310.77-0.430.220.940.13-0.46-0.69
0.80.890.960.860.140.920.890.260.130.9-0.250.13-0.20.96-0.01-0.180.960.230.79-0.480.140.970.37-0.36-0.73
0.40.440.260.370.710.13-0.120.550.950.180.480.950.40.30.810.630.310.230.270.30.070.19-0.09-0.170.05
0.570.740.710.880.180.720.650.050.080.71-0.060.080.270.730.08-0.10.770.790.27-0.150.010.810.21-0.2-0.7
-0.52-0.26-0.58-0.240.34-0.49-0.690.040.27-0.390.650.290.69-0.450.50.49-0.43-0.480.3-0.15-0.06-0.52-0.470.470.12
0.280.270.230.40.330.270.220.290.020.290.150.020.070.19-0.09-0.160.220.140.070.01-0.060.1-0.29-0.260.02
0.770.850.940.850.070.90.890.20.080.86-0.260.07-0.210.93-0.04-0.180.940.970.190.81-0.520.10.36-0.39-0.76
-0.05-0.060.230.06-0.580.050.24-0.41-0.02-0.05-0.67-0.03-0.590.13-0.16-0.190.130.37-0.090.21-0.47-0.290.360.09-0.16
-0.55-0.44-0.5-0.32-0.18-0.46-0.45-0.12-0.11-0.43-0.24-0.060.13-0.47-0.22-0.23-0.46-0.36-0.17-0.20.47-0.26-0.390.090.19
-0.41-0.64-0.61-0.640.14-0.68-0.620.080.11-0.670.010.110.11-0.69-0.01-0.01-0.69-0.730.05-0.70.120.02-0.76-0.160.19
Click cells to compare fundamentals

Taseko Mines Account Relationship Matchups

Taseko Mines fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding243.9M250.5M287.5M286.2M291.0M305.5M
Total Assets884.0M910.4M1.2B1.3B1.6B1.6B
Short Long Term Debt Total373.5M363.4M533.1M587.5M632.4M664.0M
Total Current Liabilities67.3M78.5M103.5M112.6M141.2M148.2M
Total Stockholder Equity301.7M317.4M358.5M356.4M434.1M257.1M
Property Plant And Equipment Net758.0M742.6M837.8M1.0B1.3B1.4B
Net Debt320.3M278.3M296.3M466.6M535.9M562.7M
Accounts Payable24.2M32.8M30.1M31.7M28.6M23.4M
Cash53.2M85.1M236.8M120.9M96.5M73.4M
Non Current Assets Total770.1M753.2M846.0M1.0B1.3B1.4B
Non Currrent Assets Other4.4M4.1M1.7M1.8M17.6M34.3M
Cash And Short Term Investments53.9M86.9M239.9M123.4M97.8M77.5M
Net Receivables13.8M6.7M9.6M13.2M16.5M17.5M
Liabilities And Stockholders Equity884.0M910.4M1.2B1.3B1.6B1.6B
Non Current Liabilities Total515.0M514.5M721.2M809.6M991.0M1.0B
Other Current Assets2.5M4.8M7.9M11.4M12.2M6.5M
Other Stockholder Equity51.6M53.4M55.4M55.8M54.8M93.8M
Total Liab582.3M593.0M824.7M922.3M1.1B1.2B
Property Plant And Equipment Gross758.0M742.6M1.5B1.7B2.0B2.1B
Total Current Assets113.9M157.2M337.2M240.9M249.5M137.0M
Accumulated Other Comprehensive Income6.8M7.7M6.6M26.8M16.6M12.4M
Other Current Liab20.7M20.1M38.9M49.2M77.0M80.8M
Retained Earnings(193.1M)(216.6M)(180.1M)(206.1M)(123.4M)(129.5M)
Short Term Debt16.5M17.6M18.3M18.4M22.1M16.1M
Inventory43.6M58.8M79.9M92.8M122.9M129.1M
Current Deferred Revenue4.6M5.6M13.4M12.1M10.3M5.7M
Short Term Investments730K1.8M3.1M2.6M1.3M1.3M
Common Stock Total Equity422.1M423.4M436.3M472.9M543.8M458.2M
Common Stock436.3M472.9M476.6M479.9M486.1M475.9M
Other Liab158.0M168.7M207.8M241.5M277.7M220.5M
Net Tangible Assets296.3M312.1M353.3M350.8M315.7M284.6M
Other Assets4.4M4.1M1.7M1.8M1.6M1.5M
Long Term Debt336.5M326.5M503.4M558.7M603.3M411.7M
Long Term Investments5.5M4.0M1.6M1.2M1.1M1.0M
Short Long Term Debt6.6M7.5M6.5M8.5M11.1M10.5M
Property Plant Equipment758.0M742.6M837.8M1.0B1.2B878.2M
Good Will5.4M5.3M5.2M5.6M5.5M5.9M
Long Term Debt Total357.0M345.8M514.8M569.1M654.4M430.2M
Capital Surpluse51.6M53.4M55.4M55.8M64.2M55.2M

Pair Trading with Taseko Mines

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 Taseko Mines 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 Taseko Mines will appreciate offsetting losses from the drop in the long position's value.

Moving together with Taseko Stock

  0.69ORE Orezone Gold CorpPairCorr

Moving against Taseko Stock

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  0.49BYD Boyd Group ServicesPairCorr
  0.46FFH Fairfax FinancialPairCorr
  0.39CSU Constellation SoftwarePairCorr
  0.38FSV FirstService CorpPairCorr
The ability to find closely correlated positions to Taseko Mines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taseko Mines 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 Taseko Mines - 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 Taseko Mines to buy it.
The correlation of Taseko Mines 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 Taseko Mines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Taseko Mines 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 Taseko Mines 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 CorrelationCorrelation Matching
When determining whether Taseko Mines offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Taseko Mines' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Taseko Mines Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Taseko Mines Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Taseko Mines. 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.
To learn how to invest in Taseko Stock, please use our How to Invest in Taseko Mines guide.
You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Please note, there is a significant difference between Taseko Mines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Taseko Mines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Taseko Mines' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.