Wesdome Total Revenue vs Total Current Assets Analysis

WDO Stock

CAD 13.99 0.39 2.87%

Wesdome Gold financial indicator trend analysis is more than just analyzing Wesdome Gold Mines current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wesdome Gold Mines is a good investment. Please check the relationship between Wesdome Gold Total Revenue and its Total Current Assets accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wesdome 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.

Total Revenue vs Total Current Assets

Total Revenue vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wesdome Gold Mines Total Revenue account and Total Current Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Wesdome Gold's Total Revenue and Total Current Assets is 0.94. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Wesdome Gold Mines, assuming nothing else is changed. The correlation between historical values of Wesdome Gold's Total Revenue 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 Total Revenue of Wesdome Gold Mines 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 Total Revenue i.e., Wesdome Gold's Total Revenue and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Revenue

Total revenue comprises all receipts Wesdome Gold Mines generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

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 Wesdome Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wesdome 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wesdome 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, Wesdome Gold's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value Over EBITDA is likely to grow to 12.77, though Tax Provision is likely to grow to (172.9 K).

	2021	2022	2023	2024 (projected)
Gross Profit	117.3M	51.1M	37.8M	29.6M
Total Revenue	262.9M	265.5M	333.2M	349.8M

Gross Profit Total Revenue

Wesdome Gold fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	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	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Current Deferred Revenue	Inventory	Common Stock Total Equity	Common Stock
Total Assets		0.84	0.27	0.95	1.0	1.0	0.06	0.97	0.94	0.74	1.0	-0.11	0.74	0.91	0.46	0.99	0.46	-0.07	0.99	0.98	0.94	0.84	0.58	0.81	0.81	0.88
Short Long Term Debt Total	0.84		0.26	0.96	0.81	0.86	0.53	0.79	0.89	0.37	0.86	-0.19	0.37	0.92	0.27	0.79	0.17	-0.01	0.89	0.87	0.65	0.99	0.37	0.72	0.57	0.72
Other Current Liab	0.27	0.26		0.31	0.29	0.28	0.36	0.25	0.32	-0.14	0.28	-0.07	-0.14	0.37	0.13	0.17	-0.14	-0.35	0.24	0.31	0.18	0.3	-0.3	0.64	-0.04	0.05
Total Current Liabilities	0.95	0.96	0.31		0.93	0.96	0.35	0.9	0.96	0.54	0.96	-0.09	0.54	0.96	0.37	0.9	0.32	-0.03	0.97	0.96	0.8	0.96	0.49	0.8	0.71	0.83
Total Stockholder Equity	1.0	0.81	0.29	0.93		0.99	0.01	0.97	0.92	0.76	0.99	-0.1	0.76	0.9	0.47	0.98	0.47	-0.1	0.98	0.98	0.94	0.81	0.57	0.81	0.81	0.88
Property Plant And Equipment Net	1.0	0.86	0.28	0.96	0.99		0.1	0.97	0.94	0.72	1.0	-0.09	0.72	0.92	0.44	0.98	0.42	-0.05	0.99	0.99	0.92	0.86	0.58	0.81	0.8	0.89
Net Debt	0.06	0.53	0.36	0.35	0.01	0.1		0.01	0.26	-0.58	0.1	-0.15	-0.58	0.35	-0.21	-0.04	-0.42	-0.03	0.14	0.18	-0.26	0.54	-0.33	0.26	-0.26	-0.07
Retained Earnings	0.97	0.79	0.25	0.9	0.97	0.97	0.01		0.91	0.74	0.97	-0.2	0.74	0.91	0.32	0.97	0.49	0.09	0.96	0.96	0.92	0.79	0.58	0.78	0.73	0.82
Accounts Payable	0.94	0.89	0.32	0.96	0.92	0.94	0.26	0.91		0.57	0.95	-0.07	0.57	0.95	0.46	0.92	0.48	-0.13	0.96	0.93	0.82	0.87	0.47	0.77	0.7	0.8
Cash	0.74	0.37	-0.14	0.54	0.76	0.72	-0.58	0.74	0.57		0.71	-0.02	1.0	0.5	0.49	0.8	0.62	0.02	0.7	0.64	0.91	0.36	0.71	0.41	0.84	0.77
Non Current Assets Total	1.0	0.86	0.28	0.96	0.99	1.0	0.1	0.97	0.95	0.71		-0.1	0.71	0.92	0.44	0.98	0.44	-0.07	0.99	0.99	0.91	0.86	0.57	0.81	0.79	0.88
Non Currrent Assets Other	-0.11	-0.19	-0.07	-0.09	-0.1	-0.09	-0.15	-0.2	-0.07	-0.02	-0.1		-0.02	-0.23	0.25	-0.14	0.01	-0.11	-0.12	-0.12	-0.13	-0.16	0.34	-0.27	0.19	0.09
Cash And Short Term Investments	0.74	0.37	-0.14	0.54	0.76	0.72	-0.58	0.74	0.57	1.0	0.71	-0.02		0.5	0.49	0.8	0.62	0.02	0.7	0.64	0.91	0.36	0.71	0.41	0.84	0.77
Net Receivables	0.91	0.92	0.37	0.96	0.9	0.92	0.35	0.91	0.95	0.5	0.92	-0.23	0.5		0.36	0.87	0.39	-0.07	0.93	0.91	0.79	0.92	0.36	0.82	0.62	0.74
Common Stock Shares Outstanding	0.46	0.27	0.13	0.37	0.47	0.44	-0.21	0.32	0.46	0.49	0.44	0.25	0.49	0.36		0.44	0.52	-0.72	0.42	0.34	0.52	0.24	0.21	0.29	0.71	0.63
Non Current Liabilities Total	0.99	0.79	0.17	0.9	0.98	0.98	-0.04	0.97	0.92	0.8	0.98	-0.14	0.8	0.87	0.44		0.51	-0.01	0.98	0.96	0.95	0.77	0.65	0.77	0.82	0.88
Other Current Assets	0.46	0.17	-0.14	0.32	0.47	0.42	-0.42	0.49	0.48	0.62	0.44	0.01	0.62	0.39	0.52	0.51		-0.22	0.43	0.35	0.58	0.15	0.31	0.1	0.5	0.44
Other Stockholder Equity	-0.07	-0.01	-0.35	-0.03	-0.1	-0.05	-0.03	0.09	-0.13	0.02	-0.07	-0.11	0.02	-0.07	-0.72	-0.01	-0.22		-0.02	0.0	-0.08	0.03	0.38	-0.13	-0.11	-0.06
Total Liab	0.99	0.89	0.24	0.97	0.98	0.99	0.14	0.96	0.96	0.7	0.99	-0.12	0.7	0.93	0.42	0.98	0.43	-0.02		0.98	0.91	0.88	0.59	0.8	0.79	0.88
Property Plant And Equipment Gross	0.98	0.87	0.31	0.96	0.98	0.99	0.18	0.96	0.93	0.64	0.99	-0.12	0.64	0.91	0.34	0.96	0.35	0.0	0.98		0.86	0.88	0.54	0.83	0.74	0.85
Total Current Assets	0.94	0.65	0.18	0.8	0.94	0.92	-0.26	0.92	0.82	0.91	0.91	-0.13	0.91	0.79	0.52	0.95	0.58	-0.08	0.91	0.86		0.64	0.62	0.74	0.85	0.86
Short Term Debt	0.84	0.99	0.3	0.96	0.81	0.86	0.54	0.79	0.87	0.36	0.86	-0.16	0.36	0.92	0.24	0.77	0.15	0.03	0.88	0.88	0.64		0.37	0.74	0.57	0.72
Current Deferred Revenue	0.58	0.37	-0.3	0.49	0.57	0.58	-0.33	0.58	0.47	0.71	0.57	0.34	0.71	0.36	0.21	0.65	0.31	0.38	0.59	0.54	0.62	0.37		0.24	0.72	0.69
Inventory	0.81	0.72	0.64	0.8	0.81	0.81	0.26	0.78	0.77	0.41	0.81	-0.27	0.41	0.82	0.29	0.77	0.1	-0.13	0.8	0.83	0.74	0.74	0.24		0.53	0.64
Common Stock Total Equity	0.81	0.57	-0.04	0.71	0.81	0.8	-0.26	0.73	0.7	0.84	0.79	0.19	0.84	0.62	0.71	0.82	0.5	-0.11	0.79	0.74	0.85	0.57	0.72	0.53		0.97
Common Stock	0.88	0.72	0.05	0.83	0.88	0.89	-0.07	0.82	0.8	0.77	0.88	0.09	0.77	0.74	0.63	0.88	0.44	-0.06	0.88	0.85	0.86	0.72	0.69	0.64	0.97

Click cells to compare fundamentals

Wesdome Gold Account Relationship Matchups

Wesdome Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	285.7M	358.6M	553.7M	619.1M	619.0M	649.9M
Short Long Term Debt Total	13.3M	11.5M	14.6M	64.0M	42.5M	44.6M
Other Current Liab	5.2M	5.8M	7.4M	7.8M	11.1M	11.7M
Total Current Liabilities	28.1M	30.5M	53.4M	115.6M	89.1M	93.6M
Total Stockholder Equity	206.5M	262.9M	395.2M	398.5M	427.3M	448.7M
Property Plant And Equipment Net	223.4M	272.2M	427.6M	527.0M	525.5M	551.8M
Net Debt	(22.4M)	(52.0M)	(42.2M)	30.8M	1.1M	1.1M
Retained Earnings	26.1M	76.8M	201.6M	186.9M	180.8M	189.8M
Accounts Payable	14.1M	15.4M	32.7M	47.0M	31.7M	33.2M
Cash	35.7M	63.5M	56.8M	33.2M	41.4M	43.4M
Non Current Assets Total	225.1M	273.7M	460.7M	541.6M	536.7M	563.6M
Non Currrent Assets Other	988K	827K	12.1M	5.2M	8.6M	15.0M
Cash And Short Term Investments	35.7M	63.5M	56.8M	33.2M	41.4M	43.4M
Net Receivables	5.0M	4.7M	10.4M	17.8M	11.7M	12.3M
Common Stock Shares Outstanding	140.6M	142.6M	142.8M	142.4M	147.6M	87.7M
Liabilities And Stockholders Equity	285.7M	358.6M	553.7M	619.1M	619.0M	649.9M
Non Current Liabilities Total	51.2M	65.2M	105.2M	105.0M	102.5M	107.7M
Other Current Assets	1.1M	4.2M	8.0M	4.4M	1.1M	1.0M
Other Stockholder Equity	5.6M	6.5M	5.9M	7.4M	10.2M	9.7M
Total Liab	79.2M	95.7M	158.5M	220.6M	191.7M	201.2M
Property Plant And Equipment Gross	223.4M	272.2M	611.0M	756.3M	852.1M	894.7M
Total Current Assets	60.7M	84.9M	93.0M	77.5M	82.2M	86.3M
Short Term Debt	7.4M	5.9M	7.8M	60.9M	41.6M	43.7M
Inventory	19.7M	12.5M	17.9M	22.1M	28.0M	29.5M
Common Stock Total Equity	164.2M	166.4M	174.8M	179.5M	206.5M	165.7M
Common Stock	174.8M	179.5M	187.9M	205.4M	238.4M	182.2M
Other Liab	45.3M	59.6M	98.4M	101.9M	117.2M	123.0M
Net Tangible Assets	206.5M	262.9M	395.2M	398.5M	458.3M	481.2M
Other Assets	1.6M	1.5M	12.1M	2.6M	2.3M	2.2M
Property Plant Equipment	223.4M	272.2M	427.6M	527.0M	606.0M	636.4M
Long Term Debt Total	5.9M	5.6M	6.8M	3.1M	2.8M	4.5M
Capital Surpluse	5.6M	6.5M	5.9M	7.4M	8.5M	5.4M
Capital Lease Obligations	9.7M	11.5M	14.6M	9.3M	3.7M	3.5M
Net Invested Capital	210.1M	262.9M	395.2M	453.2M	466.0M	327.3M
Net Working Capital	32.6M	54.4M	39.7M	(38.0M)	(6.9M)	(6.5M)
Capital Stock	174.8M	179.5M	187.9M	205.4M	238.4M	211.3M

Pair Trading with Wesdome 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 Wesdome 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 Wesdome Gold will appreciate offsetting losses from the drop in the long position's value.

Moving against Wesdome Stock

0.59	BYD	Boyd Group Services	Pair Corr
0.55	FDY	Faraday Copper Corp	Pair Corr
0.39	IE	Ivanhoe Energy	Pair Corr

The ability to find closely correlated positions to Wesdome 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 Wesdome 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 Wesdome 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 Wesdome Gold Mines to buy it.

The correlation of Wesdome 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 Wesdome Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wesdome Gold 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 Wesdome 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 Wesdome Stock

Balance Sheet is a snapshot of the financial position of Wesdome Gold Mines at a specified time, usually calculated after every quarter, six months, or one year. Wesdome Gold Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Wesdome 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 Wesdome currently owns. An asset can also be divided into two categories, current and non-current.

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Wesdome Total Revenue vs Total Current Assets Analysis

Total Revenue vs Total Current Assets

Total Revenue vs Total Current Assets Correlation Analysis

Correlation Coefficient

Total Revenue

Total Current Assets

Wesdome Gold fundamental ratios Correlations

Wesdome Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Wesdome Gold fundamental ratios Accounts

Pair Trading with Wesdome Gold

Moving against Wesdome Stock

Other Information on Investing in Wesdome Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Non Current Liabilities Total	+ 0.99	Total Assets

Other Stockholder Equity	- 0.72	Common Stock Shares Outstanding
Cash And Short Term Investments	- 0.58	Net Debt
Cash	- 0.58	Net Debt
Other Current Assets	- 0.42	Net Debt
Other Stockholder Equity	- 0.35	Other Current Liab
Current Deferred Revenue	- 0.33	Net Debt