Tsodilo Common Stock Shares Outstanding vs Total Current Assets Analysis
TSD Stock | CAD 0.15 0.01 6.25% |
Tsodilo Resources financial indicator trend analysis is much more than just breaking down Tsodilo Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tsodilo Resources is a good investment. Please check the relationship between Tsodilo Resources Common Stock Shares Outstanding and its Total Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tsodilo Resources Limited. 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.
Common Stock Shares Outstanding vs Total Current Assets
Common Stock Shares Outstanding vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tsodilo Resources Common Stock Shares Outstanding account and Total Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Tsodilo Resources' Common Stock Shares Outstanding and Total Current Assets is -0.32. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Tsodilo Resources Limited, assuming nothing else is changed. The correlation between historical values of Tsodilo Resources' Common Stock Shares Outstanding and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Tsodilo Resources Limited are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Common Stock Shares Outstanding i.e., Tsodilo Resources' Common Stock Shares Outstanding and Total Current Assets go up and down completely randomly.
Correlation Coefficient | -0.32 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from Tsodilo Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tsodilo 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 Tsodilo Resources Limited. 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. Issuance Of Capital Stock is likely to climb to about 395.8 K in 2024, whereas Selling General Administrative is likely to drop slightly above 870.5 K in 2024.
Tsodilo Resources fundamental ratios Correlations
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Tsodilo Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tsodilo Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 7.7M | 7.4M | 7.1M | 5.8M | 5.6M | 6.4M | |
Total Current Liabilities | 1.6M | 1.9M | 1.8M | 2.7M | 3.3M | 3.4M | |
Total Stockholder Equity | 6.1M | 5.5M | 5.2M | 3.1M | 2.3M | 2.2M | |
Net Tangible Assets | 6.2M | 6.1M | 5.5M | 5.2M | 4.7M | 6.1M | |
Retained Earnings | (49.2M) | (49.8M) | (51.2M) | (53.2M) | (54.3M) | (57.0M) | |
Accounts Payable | 378.7K | 509.4K | 736.7K | 777.4K | 894.0K | 938.7K | |
Cash | 5.6K | 5.6K | 4.7K | 40.0K | 1.9K | 1.8K | |
Net Receivables | 32.6K | 60.5K | 36.0K | 57.8K | 37.5K | 56.8K | |
Other Stockholder Equity | (5.8M) | (5.7M) | (5.8M) | (6.4M) | (5.8M) | (6.1M) | |
Total Liab | 1.6M | 1.9M | 1.8M | 2.7M | 3.3M | 3.4M | |
Total Current Assets | 38.2K | 66.1K | 40.7K | 97.8K | 39.3K | 37.4K | |
Property Plant Equipment | 7.1M | 7.7M | 7.3M | 7.0M | 6.3M | 6.2M | |
Non Current Assets Total | 7.7M | 7.3M | 7.0M | 5.7M | 5.6M | 7.0M | |
Net Invested Capital | 7.2M | 6.6M | 6.2M | 4.7M | 4.2M | 4.9M | |
Net Working Capital | (1.6M) | (1.8M) | (1.8M) | (2.6M) | (3.2M) | (3.1M) | |
Net Debt | 1.0M | 1.1M | 933.0K | 1.6M | 1.9M | 1.3M |
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When running Tsodilo Resources' price analysis, check to measure Tsodilo 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 Tsodilo Resources is operating at the current time. Most of Tsodilo Resources' value examination focuses on studying past and present price action to predict the probability of Tsodilo Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tsodilo Resources' price. Additionally, you may evaluate how the addition of Tsodilo Resources to your portfolios can decrease your overall portfolio volatility.