White Investments vs Change To Inventory Analysis

WGO Stock  CAD 0.22  0.01  4.35%   
White Gold financial indicator trend analysis is more than just analyzing White Gold Corp current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether White Gold Corp is a good investment. Please check the relationship between White Gold Investments and its Change To Inventory accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in White Gold Corp. 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.

Investments vs Change To Inventory

Investments vs Change To Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of White Gold Corp Investments account and Change To Inventory. At this time, the significance of the direction appears to have no relationship.
The correlation between White Gold's Investments and Change To Inventory is 0.07. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of White Gold Corp, assuming nothing else is changed. The correlation between historical values of White Gold's Investments and Change To Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Investments of White Gold Corp are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Investments i.e., White Gold's Investments and Change To Inventory go up and down completely randomly.

Correlation Coefficient

0.07
Relationship DirectionPositive 
Relationship StrengthInsignificant

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.
Most indicators from White Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into White Gold Corp 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 White Gold Corp. 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, White Gold's Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 8.3 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (19.68) in 2024.

White Gold fundamental ratios Correlations

-0.520.441.00.68-0.49-0.90.590.461.00.760.460.420.980.94-0.780.650.590.980.48-0.520.48-0.360.961.0-0.13
-0.52-0.26-0.52-0.40.450.29-0.23-0.43-0.5-0.32-0.43-0.33-0.49-0.480.37-0.34-0.37-0.49-0.431.0-0.35-0.14-0.51-0.510.2
0.44-0.260.430.48-0.88-0.220.870.890.37-0.090.890.490.30.45-0.50.190.180.530.89-0.260.99-0.350.450.420.46
1.0-0.520.430.67-0.49-0.910.580.461.00.770.460.420.990.93-0.780.650.590.980.47-0.520.47-0.360.961.0-0.15
0.68-0.40.480.67-0.47-0.510.480.470.660.310.470.50.590.8-0.590.630.350.720.49-0.40.49-0.360.770.620.04
-0.490.45-0.88-0.49-0.470.29-0.87-1.0-0.41-0.06-1.0-0.39-0.38-0.430.59-0.3-0.24-0.52-1.00.45-0.890.36-0.49-0.47-0.22
-0.90.29-0.22-0.91-0.510.29-0.46-0.27-0.92-0.88-0.27-0.13-0.95-0.840.72-0.62-0.62-0.87-0.270.29-0.240.46-0.87-0.910.23
0.59-0.230.870.580.48-0.87-0.460.880.520.160.880.30.490.57-0.580.390.280.620.87-0.230.84-0.520.620.570.16
0.46-0.430.890.460.47-1.0-0.270.880.380.031.00.390.350.42-0.580.30.230.491.0-0.430.89-0.370.480.440.23
1.0-0.50.371.00.66-0.41-0.920.520.380.790.380.40.990.94-0.760.650.590.980.39-0.50.41-0.340.960.99-0.16
0.76-0.32-0.090.770.31-0.06-0.880.160.030.790.03-0.150.850.67-0.50.590.550.70.02-0.32-0.05-0.180.710.78-0.46
0.46-0.430.890.460.47-1.0-0.270.881.00.380.030.390.350.42-0.580.30.230.491.0-0.430.89-0.370.480.440.23
0.42-0.330.490.420.5-0.39-0.130.30.390.4-0.150.390.310.43-0.440.070.130.450.43-0.330.52-0.210.420.410.32
0.98-0.490.30.990.59-0.38-0.950.490.350.990.850.350.310.9-0.750.630.60.950.36-0.490.35-0.340.940.99-0.21
0.94-0.480.450.930.8-0.43-0.840.570.420.940.670.420.430.9-0.730.670.570.950.44-0.480.47-0.40.980.92-0.07
-0.780.37-0.5-0.78-0.590.590.72-0.58-0.58-0.76-0.5-0.58-0.44-0.75-0.73-0.46-0.31-0.77-0.590.37-0.520.6-0.77-0.78-0.32
0.65-0.340.190.650.63-0.3-0.620.390.30.650.590.30.070.630.67-0.460.40.620.3-0.340.19-0.220.690.63-0.24
0.59-0.370.180.590.35-0.24-0.620.280.230.590.550.230.130.60.57-0.310.40.560.23-0.370.210.20.60.59-0.34
0.98-0.490.530.980.72-0.52-0.870.620.490.980.70.490.450.950.95-0.770.620.560.51-0.490.57-0.370.960.98-0.04
0.48-0.430.890.470.49-1.0-0.270.871.00.390.021.00.430.360.44-0.590.30.230.51-0.430.9-0.370.490.460.24
-0.521.0-0.26-0.52-0.40.450.29-0.23-0.43-0.5-0.32-0.43-0.33-0.49-0.480.37-0.34-0.37-0.49-0.43-0.35-0.14-0.51-0.510.2
0.48-0.350.990.470.49-0.89-0.240.840.890.41-0.050.890.520.350.47-0.520.190.210.570.9-0.35-0.310.480.460.45
-0.36-0.14-0.35-0.36-0.360.360.46-0.52-0.37-0.34-0.18-0.37-0.21-0.34-0.40.6-0.220.2-0.37-0.37-0.14-0.31-0.42-0.35-0.29
0.96-0.510.450.960.77-0.49-0.870.620.480.960.710.480.420.940.98-0.770.690.60.960.49-0.510.48-0.420.95-0.12
1.0-0.510.421.00.62-0.47-0.910.570.440.990.780.440.410.990.92-0.780.630.590.980.46-0.510.46-0.350.95-0.15
-0.130.20.46-0.150.04-0.220.230.160.23-0.16-0.460.230.32-0.21-0.07-0.32-0.24-0.34-0.040.240.20.45-0.29-0.12-0.15
Click cells to compare fundamentals

White Gold Account Relationship Matchups

White Gold fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets114.1M117.2M127.6M131.1M134.5M141.2M
Total Current Liabilities1.1M757.3K1.3M1.2M1.0M790.8K
Total Stockholder Equity101.6M102.2M113.6M117.2M120.2M126.2M
Property Plant And Equipment Net108.5M113.0M117.7M124.9M7.3K7.0K
Net Debt(4.8M)(4.1M)(9.6M)(6.1M)(4.9M)(5.2M)
Retained Earnings(18.5M)(25.1M)(26.3M)(27.4M)(29.6M)(28.1M)
Accounts Payable211.0K140.6K239.6K214.7K254.5K154.1K
Cash4.8M4.1M9.6M6.1M4.9M3.7M
Non Current Assets Total108.5M113.0M117.7M124.9M129.4M135.9M
Cash And Short Term Investments4.8M4.1M9.6M6.1M4.9M3.7M
Net Receivables763.2K120.4K123.0K111.8K103.3K152.5K
Common Stock Shares Outstanding114.0M128.7M134.8M150.0M161.3M169.4M
Liabilities And Stockholders Equity114.1M117.2M127.6M131.1M134.5M141.2M
Non Current Liabilities Total11.4M14.2M12.6M12.7M13.2M6.7M
Other Current Assets47.7K44.1K162.6K41.7K42.7K31.7K
Other Stockholder Equity4.4M5.2M5.8M6.5M7.2M5.1M
Total Liab12.5M15.0M14.0M13.9M14.3M15.0M
Total Current Assets5.6M4.2M9.9M6.3M5.1M3.9M
Other Current Liab894.2K616.7K1.1M949.6K755.7K843.5K
Common Stock115.6M122.2M134.2M138.1M142.6M84.5M
Net Tangible Assets94.9M101.6M102.2M113.6M130.7M137.2M
Other Assets20.1K20.2K5.0K1.00.90.86
Property Plant Equipment91.6M108.5M113.0M117.7M135.3M71.7M
Other Liab11.2M11.4M14.2M12.6M14.5M12.4M
Net Invested Capital101.6M102.2M113.6M117.2M120.2M114.5M
Non Current Liabilities Other7.8M9.7M7.7M6.3M6.3M5.9M
Net Working Capital4.5M3.5M8.6M5.1M4.1M5.7M
Capital Stock115.6M122.2M134.2M138.1M142.6M139.6M

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