Wolfden Net Invested Capital vs Inventory Analysis

WLF Stock

CAD 0.06 0.01 8.33%

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

Net Invested Capital vs Inventory

Net Invested Capital vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wolfden Resources Net Invested Capital account and Inventory. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Wolfden Resources' Net Invested Capital and Inventory is -0.61. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Inventory in the same time period over historical financial statements of Wolfden Resources, assuming nothing else is changed. The correlation between historical values of Wolfden Resources' Net Invested Capital and 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 Net Invested Capital of Wolfden Resources are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Net Invested Capital i.e., Wolfden Resources' Net Invested Capital and Inventory go up and down completely randomly.

Correlation Coefficient

-0.61

Relationship Direction	Negative
Relationship Strength	Weak

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Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Inventory

Most indicators from Wolfden Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wolfden 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wolfden Resources. 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, Wolfden Resources' Tax Provision is fairly stable compared to the past year. Enterprise Value is likely to climb to about 14.7 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.2 M in 2024.

Wolfden Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Non Current Liabilities Total	Net Tangible Assets	Accounts Payable	Common Stock	Property Plant Equipment	Other Current Assets	Net Invested Capital	Net Working Capital	Inventory	Capital Stock	Property Plant And Equipment Gross
Total Assets		0.03	0.97	0.59	-0.79	0.09	0.79	0.59	1.0	0.33	-0.16	0.3	0.04	1.0	0.33	0.06	0.61	-0.23	-0.12	0.21	0.25	0.5	0.5	-0.2	-0.07	0.16
Total Current Liabilities	0.03		-0.15	-0.27	0.04	-0.48	-0.03	-0.27	0.02	0.7	0.44	-0.38	1.0	0.03	0.38	-0.39	-0.33	0.82	0.43	-0.46	-0.21	-0.62	-0.62	0.14	0.19	-0.12
Total Stockholder Equity	0.97	-0.15		0.64	-0.78	0.22	0.76	0.64	0.97	0.19	-0.23	0.39	-0.14	0.97	0.25	0.15	0.67	-0.37	-0.21	0.31	0.31	0.62	0.62	-0.28	-0.14	0.31
Property Plant And Equipment Net	0.59	-0.27	0.64		-0.31	0.64	0.29	1.0	0.57	0.04	-0.67	0.73	-0.26	0.57	0.13	0.42	0.33	-0.42	-0.68	0.79	0.57	0.54	0.54	-0.58	-0.47	0.27
Net Debt	-0.79	0.04	-0.78	-0.31		0.07	-0.99	-0.31	-0.8	-0.18	-0.06	0.06	0.03	-0.8	-0.14	-0.29	-0.48	0.13	-0.14	-0.04	-0.07	-0.32	-0.32	-0.07	-0.18	-0.1
Retained Earnings	0.09	-0.48	0.22	0.64	0.07		-0.11	0.64	0.07	-0.2	-0.95	0.56	-0.48	0.07	-0.17	0.72	0.28	-0.39	-0.93	0.91	0.66	0.67	0.67	-0.85	-0.79	0.49
Cash	0.79	-0.03	0.76	0.29	-0.99	-0.11		0.29	0.79	0.19	0.06	-0.09	-0.02	0.79	0.15	0.27	0.46	-0.12	0.15	0.02	0.05	0.3	0.3	0.12	0.21	0.01
Non Current Assets Total	0.59	-0.27	0.64	1.0	-0.31	0.64	0.29		0.57	0.04	-0.67	0.73	-0.26	0.57	0.13	0.42	0.33	-0.42	-0.68	0.79	0.57	0.54	0.54	-0.58	-0.47	0.27
Cash And Short Term Investments	1.0	0.02	0.97	0.57	-0.8	0.07	0.79	0.57		0.3	-0.14	0.3	0.02	1.0	0.32	0.05	0.61	-0.24	-0.11	0.19	0.23	0.5	0.5	-0.18	-0.06	0.16
Net Receivables	0.33	0.7	0.19	0.04	-0.18	-0.2	0.19	0.04	0.3		0.14	-0.18	0.7	0.33	0.43	-0.25	0.09	0.57	0.16	-0.14	0.15	-0.1	-0.1	-0.19	0.06	-0.07
Common Stock Shares Outstanding	-0.16	0.44	-0.23	-0.67	-0.06	-0.95	0.06	-0.67	-0.14	0.14		-0.58	0.44	-0.14	0.18	-0.65	-0.21	0.34	0.98	-0.86	-0.64	-0.64	-0.64	0.83	0.82	-0.29
Other Stockholder Equity	0.3	-0.38	0.39	0.73	0.06	0.56	-0.09	0.73	0.3	-0.18	-0.58		-0.38	0.29	-0.11	0.07	0.15	-0.58	-0.67	0.55	0.43	0.61	0.61	-0.62	-0.49	0.28
Total Liab	0.04	1.0	-0.14	-0.26	0.03	-0.48	-0.02	-0.26	0.02	0.7	0.44	-0.38		0.04	0.38	-0.38	-0.33	0.82	0.42	-0.46	-0.21	-0.62	-0.62	0.14	0.19	-0.12
Total Current Assets	1.0	0.03	0.97	0.57	-0.8	0.07	0.79	0.57	1.0	0.33	-0.14	0.29	0.04		0.33	0.05	0.61	-0.22	-0.11	0.2	0.24	0.49	0.5	-0.19	-0.06	0.16
Other Current Liab	0.33	0.38	0.25	0.13	-0.14	-0.17	0.15	0.13	0.32	0.43	0.18	-0.11	0.38	0.33		-0.17	0.45	0.11	0.22	0.06	0.37	0.01	0.01	0.1	0.32	-0.16
Non Current Liabilities Total	0.06	-0.39	0.15	0.42	-0.29	0.72	0.27	0.42	0.05	-0.25	-0.65	0.07	-0.38	0.05	-0.17		0.29	-0.28	-0.54	0.74	0.44	0.39	0.39	-0.41	-0.33	0.18
Net Tangible Assets	0.61	-0.33	0.67	0.33	-0.48	0.28	0.46	0.33	0.61	0.09	-0.21	0.15	-0.33	0.61	0.45	0.29		-0.55	-0.1	0.41	0.44	0.7	0.71	-0.2	0.12	0.09
Accounts Payable	-0.23	0.82	-0.37	-0.42	0.13	-0.39	-0.12	-0.42	-0.24	0.57	0.34	-0.58	0.82	-0.22	0.11	-0.28	-0.55		0.32	-0.49	-0.31	-0.7	-0.7	0.11	0.0	-0.08
Common Stock	-0.12	0.43	-0.21	-0.68	-0.14	-0.93	0.15	-0.68	-0.11	0.16	0.98	-0.67	0.42	-0.11	0.22	-0.54	-0.1	0.32		-0.82	-0.59	-0.61	-0.61	0.85	0.88	-0.38
Property Plant Equipment	0.21	-0.46	0.31	0.79	-0.04	0.91	0.02	0.79	0.19	-0.14	-0.86	0.55	-0.46	0.2	0.06	0.74	0.41	-0.49	-0.82		0.69	0.64	0.64	-0.68	-0.55	0.31
Other Current Assets	0.25	-0.21	0.31	0.57	-0.07	0.66	0.05	0.57	0.23	0.15	-0.64	0.43	-0.21	0.24	0.37	0.44	0.44	-0.31	-0.59	0.69		0.55	0.55	-0.63	-0.42	0.21
Net Invested Capital	0.5	-0.62	0.62	0.54	-0.32	0.67	0.3	0.54	0.5	-0.1	-0.64	0.61	-0.62	0.49	0.01	0.39	0.7	-0.7	-0.61	0.64	0.55		1.0	-0.61	-0.41	0.39
Net Working Capital	0.5	-0.62	0.62	0.54	-0.32	0.67	0.3	0.54	0.5	-0.1	-0.64	0.61	-0.62	0.5	0.01	0.39	0.71	-0.7	-0.61	0.64	0.55	1.0		-0.61	-0.41	0.39
Inventory	-0.2	0.14	-0.28	-0.58	-0.07	-0.85	0.12	-0.58	-0.18	-0.19	0.83	-0.62	0.14	-0.19	0.1	-0.41	-0.2	0.11	0.85	-0.68	-0.63	-0.61	-0.61		0.83	-0.54
Capital Stock	-0.07	0.19	-0.14	-0.47	-0.18	-0.79	0.21	-0.47	-0.06	0.06	0.82	-0.49	0.19	-0.06	0.32	-0.33	0.12	0.0	0.88	-0.55	-0.42	-0.41	-0.41	0.83		-0.59
Property Plant And Equipment Gross	0.16	-0.12	0.31	0.27	-0.1	0.49	0.01	0.27	0.16	-0.07	-0.29	0.28	-0.12	0.16	-0.16	0.18	0.09	-0.08	-0.38	0.31	0.21	0.39	0.39	-0.54	-0.59

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Wolfden Resources Account Relationship Matchups

Wolfden Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1M	1.0M	3.3M	3.7M	1.2M	2.0M
Total Current Liabilities	283.5K	455.8K	232.8K	568.8K	499.9K	421.2K
Total Stockholder Equity	791.5K	545.2K	3.1M	3.1M	701.2K	666.1K
Property Plant And Equipment Net	1.4K	1.0K	745.0	550.0	406.0	385.7
Net Debt	(312.6K)	(972.4K)	(3.2M)	(3.5M)	(1.1M)	(1.2M)
Retained Earnings	(32.9M)	(33.5M)	(38.1M)	(40.8M)	(43.6M)	(41.5M)
Cash	312.6K	972.4K	3.2M	3.5M	1.1M	1.8M
Non Current Assets Total	1.4K	1.0K	745.0	550.0	406.0	385.7
Cash And Short Term Investments	1.0M	972.4K	3.2M	3.5M	1.1M	1.9M
Net Receivables	36.4K	13.9K	60.6K	134.1K	88.5K	94.4K
Common Stock Shares Outstanding	126.4M	130.8M	152.8M	164.8M	189.5M	104.7M
Liabilities And Stockholders Equity	1.1M	1.0M	3.3M	3.7M	1.2M	2.0M
Other Stockholder Equity	1.7M	1.9M	2.1M	2.4M	2.1M	2.0M
Total Liab	283.5K	455.8K	232.8K	568.8K	499.9K	422.3K
Total Current Assets	1.1M	1000.0K	3.3M	3.7M	1.2M	2.0M
Accumulated Other Comprehensive Income	(165.7K)	(169.1K)	(196.5K)	(287.2K)	2.5M	2.6M
Other Current Liab	15.4K	455.8K	232.8K	568.8K	499.9K	361.6K
Net Tangible Assets	118.7K	791.5K	545.2K	3.1M	2.8M	1.6M
Accounts Payable	799.9K	268.2K	455.8K	232.8K	267.8K	338.3K
Common Stock	32.2M	32.4M	39.3M	41.9M	48.1M	32.1M
Property Plant Equipment	4.1K	1.4K	1.0K	745.0	670.5	636.98
Other Current Assets	8.5K	13.7K	(1.0)	17.5K	15.8K	11.0K
Net Invested Capital	791.5K	545.2K	3.1M	3.1M	701.2K	1.4M
Net Working Capital	790.1K	544.1K	3.1M	3.1M	700.8K	1.4M
Capital Stock	32.2M	32.4M	39.3M	41.9M	48.1M	39.8M

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