Visible Retained Earnings vs Net Receivables Analysis

VGD Stock

CAD 0.08 0.01 14.29%

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

Retained Earnings vs Net Receivables

Retained Earnings vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Visible Gold Mines Retained Earnings account and Net Receivables. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Visible Gold's Retained Earnings and Net Receivables is 0.4. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Visible Gold Mines, assuming nothing else is changed. The correlation between historical values of Visible Gold's Retained Earnings 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 Retained Earnings of Visible Gold Mines 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 Retained Earnings i.e., Visible Gold's Retained Earnings and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.4

Relationship Direction	Positive
Relationship Strength	Weak

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Net Receivables

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

At this time, Visible Gold's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 260.8 K in 2024, despite the fact that Enterprise Value Over EBITDA is likely to grow to (3.68).

	2021	2022	2023	2024 (projected)
Other Operating Expenses	388.0K	321.1K	289.0K	274.5K
Depreciation And Amortization	8.2K	4.7K	5.4K	5.1K

Other Operating Expenses Depreciation And Amortization

Visible Gold fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Short Term Investments	Non Current Liabilities Total	Common Stock	Other Liab	Net Tangible Assets	Property Plant Equipment	Long Term Investments	Net Invested Capital
Total Assets		0.11	1.0	0.82	-0.83	0.73	0.01	0.8	0.98	0.98	0.79	0.58	-0.86	0.2	0.63	0.45	0.71	0.28	-0.41	0.54	-0.49	0.52	0.92	0.91	0.78	0.9
Total Current Liabilities	0.11		0.07	-0.11	0.23	0.04	0.67	-0.26	0.1	0.13	-0.19	0.31	-0.15	0.16	-0.03	0.72	0.09	0.56	0.02	0.17	-0.04	0.02	0.01	0.08	-0.2	0.07
Total Stockholder Equity	1.0	0.07		0.83	-0.84	0.74	0.0	0.81	0.98	0.98	0.8	0.55	-0.86	0.19	0.63	0.41	0.7	0.25	-0.42	0.51	-0.49	0.53	0.93	0.92	0.79	0.91
Property Plant And Equipment Net	0.82	-0.11	0.83		-0.7	0.57	-0.14	0.65	0.82	0.8	0.59	0.33	-0.65	0.18	0.43	0.18	0.51	0.12	-0.24	0.34	-0.4	0.64	0.77	0.78	0.57	0.78
Net Debt	-0.83	0.23	-0.84	-0.7		-0.68	0.11	-1.0	-0.75	-0.75	-0.97	-0.52	0.74	-0.2	-0.63	-0.18	-0.79	-0.11	0.48	-0.47	0.49	-0.43	-0.8	-0.73	-0.89	-0.75
Retained Earnings	0.73	0.04	0.74	0.57	-0.68		0.22	0.66	0.62	0.62	0.61	0.4	-0.88	0.73	0.52	0.31	0.85	0.58	-0.59	0.52	-0.92	0.31	0.88	0.87	0.84	0.79
Accounts Payable	0.01	0.67	0.0	-0.14	0.11	0.22		-0.13	-0.03	-0.01	-0.13	0.19	-0.32	0.27	0.09	0.22	0.14	0.3	-0.35	-0.19	-0.32	0.08	0.14	0.16	0.08	0.2
Cash	0.8	-0.26	0.81	0.65	-1.0	0.66	-0.13		0.71	0.72	0.98	0.53	-0.7	0.19	0.64	0.19	0.79	0.09	-0.49	0.49	-0.47	0.37	0.77	0.69	0.89	0.71
Non Current Assets Total	0.98	0.1	0.98	0.82	-0.75	0.62	-0.03	0.71		1.0	0.71	0.47	-0.79	0.03	0.58	0.39	0.54	0.16	-0.32	0.42	-0.36	0.53	0.87	0.88	0.66	0.88
Non Currrent Assets Other	0.98	0.13	0.98	0.8	-0.75	0.62	-0.01	0.72	1.0		0.72	0.48	-0.8	0.03	0.59	0.41	0.55	0.16	-0.34	0.43	-0.36	0.51	0.87	0.88	0.66	0.87
Cash And Short Term Investments	0.79	-0.19	0.8	0.59	-0.97	0.61	-0.13	0.98	0.71	0.72		0.53	-0.66	0.14	0.62	0.25	0.77	0.11	-0.44	0.5	-0.4	0.33	0.73	0.65	0.86	0.66
Net Receivables	0.58	0.31	0.55	0.33	-0.52	0.4	0.19	0.53	0.47	0.48	0.53		-0.43	0.2	0.74	0.67	0.71	0.2	-0.55	0.66	-0.22	0.15	0.39	0.34	0.56	0.39
Common Stock Shares Outstanding	-0.86	-0.15	-0.86	-0.65	0.74	-0.88	-0.32	-0.7	-0.79	-0.8	-0.66	-0.43		-0.47	-0.54	-0.28	-0.74	-0.44	0.53	-0.33	0.77	-0.6	-0.95	-0.95	-0.84	-0.94
Other Current Assets	0.2	0.16	0.19	0.18	-0.2	0.73	0.27	0.19	0.03	0.03	0.14	0.2	-0.47		0.04	0.29	0.68	0.82	-0.27	0.45	-0.84	0.14	0.41	0.41	0.44	0.32
Other Stockholder Equity	0.63	-0.03	0.63	0.43	-0.63	0.52	0.09	0.64	0.58	0.59	0.62	0.74	-0.54	0.04		0.37	0.59	-0.12	-0.84	0.52	-0.35	0.16	0.52	0.48	0.68	0.47
Total Liab	0.45	0.72	0.41	0.18	-0.18	0.31	0.22	0.19	0.39	0.41	0.25	0.67	-0.28	0.29	0.37		0.5	0.57	-0.14	0.79	-0.18	0.04	0.23	0.26	0.14	0.18
Total Current Assets	0.71	0.09	0.7	0.51	-0.79	0.85	0.14	0.79	0.54	0.55	0.77	0.71	-0.74	0.68	0.59	0.5		0.56	-0.55	0.72	-0.74	0.3	0.73	0.68	0.87	0.65
Other Current Liab	0.28	0.56	0.25	0.12	-0.11	0.58	0.3	0.09	0.16	0.16	0.11	0.2	-0.44	0.82	-0.12	0.57	0.56		-0.02	0.46	-0.63	0.1	0.37	0.4	0.24	0.31
Short Term Investments	-0.41	0.02	-0.42	-0.24	0.48	-0.59	-0.35	-0.49	-0.32	-0.34	-0.44	-0.55	0.53	-0.27	-0.84	-0.14	-0.55	-0.02		-0.28	0.59	0.02	-0.48	-0.43	-0.67	-0.44
Non Current Liabilities Total	0.54	0.17	0.51	0.34	-0.47	0.52	-0.19	0.49	0.42	0.43	0.5	0.66	-0.33	0.45	0.52	0.79	0.72	0.46	-0.28		-0.38	0.03	0.36	0.35	0.42	0.23
Common Stock	-0.49	-0.04	-0.49	-0.4	0.49	-0.92	-0.32	-0.47	-0.36	-0.36	-0.4	-0.22	0.77	-0.84	-0.35	-0.18	-0.74	-0.63	0.59	-0.38		-0.28	-0.72	-0.71	-0.7	-0.62
Other Liab	0.52	0.02	0.53	0.64	-0.43	0.31	0.08	0.37	0.53	0.51	0.33	0.15	-0.6	0.14	0.16	0.04	0.3	0.1	0.02	0.03	-0.28		0.54	0.56	0.37	0.59
Net Tangible Assets	0.92	0.01	0.93	0.77	-0.8	0.88	0.14	0.77	0.87	0.87	0.73	0.39	-0.95	0.41	0.52	0.23	0.73	0.37	-0.48	0.36	-0.72	0.54		0.99	0.86	0.98
Property Plant Equipment	0.91	0.08	0.92	0.78	-0.73	0.87	0.16	0.69	0.88	0.88	0.65	0.34	-0.95	0.41	0.48	0.26	0.68	0.4	-0.43	0.35	-0.71	0.56	0.99		0.78	0.97
Long Term Investments	0.78	-0.2	0.79	0.57	-0.89	0.84	0.08	0.89	0.66	0.66	0.86	0.56	-0.84	0.44	0.68	0.14	0.87	0.24	-0.67	0.42	-0.7	0.37	0.86	0.78		0.8
Net Invested Capital	0.9	0.07	0.91	0.78	-0.75	0.79	0.2	0.71	0.88	0.87	0.66	0.39	-0.94	0.32	0.47	0.18	0.65	0.31	-0.44	0.23	-0.62	0.59	0.98	0.97	0.8

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Visible Gold Account Relationship Matchups

Visible Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.2M	5.5M	1.5M	796.9K	717.3K	681.4K
Total Current Liabilities	401.4K	44.6K	118.6K	180.5K	162.5K	242.2K
Total Stockholder Equity	4.8M	5.4M	1.4M	541.5K	487.4K	463.0K
Property Plant And Equipment Net	526.1K	734.9K	450.3K	146.4K	131.8K	125.2K
Net Debt	(20.1K)	(333.3K)	(173.5K)	68.3K	78.6K	82.5K
Retained Earnings	(23.2M)	(24.1M)	(28.2M)	(29.2M)	(26.3M)	(25.0M)
Accounts Payable	279.7K	2.6K	30.8K	79.8K	71.8K	117.1K
Cash	20.1K	333.3K	173.5K	22.4K	20.2K	19.2K
Non Current Assets Total	5.2M	5.1M	1.3M	704.5K	634.1K	602.4K
Non Currrent Assets Other	4.6M	4.2M	721.4K	503.1K	452.8K	430.1K
Cash And Short Term Investments	20.1K	333.3K	173.5K	22.4K	20.2K	19.2K
Net Receivables	11.7K	21.3K	11.9K	68.3K	61.4K	58.4K
Common Stock Shares Outstanding	23.0M	31.5M	33.8M	34.2M	39.3M	41.3M
Liabilities And Stockholders Equity	5.2M	5.5M	1.5M	796.9K	717.3K	681.4K
Other Current Assets	52.0	659.0	1.3K	1.7K	1.6K	1.5K
Total Liab	401.4K	44.6K	118.6K	255.4K	229.9K	292.8K
Total Current Assets	31.8K	355.2K	186.7K	92.4K	83.2K	79.0K
Other Current Liab	121.7K	42.0K	87.8K	84.8K	76.4K	148.6K
Common Stock	21.8M	22.2M	23.4M	23.6M	27.1M	22.1M
Net Tangible Assets	4.7M	4.8M	5.4M	1.4M	1.2M	1.2M
Property Plant Equipment	5.0M	5.2M	5.0M	1.2M	1.1M	1.0M
Net Invested Capital	4.8M	5.4M	1.4M	632.3K	569.1K	540.6K
Net Working Capital	(369.6K)	310.6K	68.1K	(88.1K)	(79.3K)	(75.3K)
Capital Stock	21.8M	22.2M	23.4M	23.6M	27.1M	24.9M

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