Gowest Average Payables vs Free Cash Flow Yield Analysis

GWA Stock

CAD 0.06 0.01 14.29%

Gowest Gold financial indicator trend analysis is much more than just examining Gowest Gold latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gowest Gold is a good investment. Please check the relationship between Gowest Gold Average Payables and its Free Cash Flow Yield accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gowest Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Average Payables vs Free Cash Flow Yield

Average Payables vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gowest Gold Average Payables account and Free Cash Flow Yield. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Gowest Gold's Average Payables and Free Cash Flow Yield is -0.06. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Gowest Gold, assuming nothing else is changed. The correlation between historical values of Gowest Gold's Average Payables and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of Gowest Gold are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Average Payables i.e., Gowest Gold's Average Payables and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.06

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Gowest Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gowest Gold 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gowest Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

At this time, Gowest Gold's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 37.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2 M in 2024.

	2023	2024 (projected)
Reconciled Depreciation	179.5K	139.3K
Interest Income	94.1K	98.8K

Reconciled Depreciation Interest Income

Gowest 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	Short Term Investments	Total Liab	Total Current Assets	Common Stock	Other Stockholder Equity	Non Current Liabilities Total	Other Current Liab	Other Liab	Net Tangible Assets	Long Term Investments	Intangible Assets	Property Plant Equipment	Other Assets
Total Assets		0.7	0.97	-0.05	0.26	-0.9	0.3	0.7	0.99	0.87	0.7	0.84	0.93	0.26	0.66	0.85	0.99	-0.55	0.44	0.09	-0.24	0.82	-0.7	-0.68	0.81	-0.14
Total Current Liabilities	0.7		0.52	0.58	0.79	-0.82	0.84	0.17	0.76	0.3	0.17	0.35	0.44	0.26	0.96	0.28	0.61	-0.67	0.74	-0.51	0.02	0.69	-0.54	-0.76	0.88	0.08
Total Stockholder Equity	0.97	0.52		-0.26	0.03	-0.83	0.08	0.81	0.94	0.94	0.8	0.89	0.98	0.21	0.46	0.94	0.99	-0.45	0.24	0.3	-0.34	0.77	-0.66	-0.55	0.69	-0.23
Property Plant And Equipment Net	-0.05	0.58	-0.26		0.72	-0.25	0.91	-0.47	0.05	-0.54	-0.47	-0.46	-0.38	0.32	0.62	-0.54	-0.15	-0.23	0.61	-0.79	0.23	0.21	-0.14	-0.49	0.42	0.23
Net Debt	0.26	0.79	0.03	0.72		-0.39	0.82	-0.36	0.35	-0.13	-0.37	-0.05	-0.06	0.22	0.88	-0.19	0.12	-0.53	0.89	-0.84	0.32	0.26	-0.26	-0.55	0.6	0.21
Retained Earnings	-0.9	-0.82	-0.83	-0.25	-0.39		-0.54	-0.53	-0.93	-0.63	-0.52	-0.58	-0.78	-0.32	-0.74	-0.62	-0.89	0.66	-0.47	0.14	0.34	-0.91	0.7	0.74	-0.92	0.26
Accounts Payable	0.3	0.84	0.08	0.91	0.82	-0.54		-0.23	0.39	-0.2	-0.23	-0.12	-0.04	0.25	0.85	-0.22	0.19	-0.48	0.76	-0.76	0.19	0.46	-0.28	-0.66	0.69	0.22
Cash	0.7	0.17	0.81	-0.47	-0.36	-0.53	-0.23		0.64	0.81	1.0	0.82	0.84	0.05	0.08	0.89	0.76	-0.07	-0.13	0.62	-0.42	0.56	-0.6	-0.32	0.35	-0.17
Non Current Assets Total	0.99	0.76	0.94	0.05	0.35	-0.93	0.39	0.64		0.81	0.64	0.78	0.89	0.29	0.72	0.79	0.97	-0.59	0.51	0.0	-0.22	0.84	-0.71	-0.72	0.86	-0.12
Non Currrent Assets Other	0.87	0.3	0.94	-0.54	-0.13	-0.63	-0.2	0.81	0.81		0.81	0.93	0.97	0.06	0.25	0.99	0.9	-0.36	0.07	0.46	-0.32	0.58	-0.51	-0.32	0.47	-0.24
Cash And Short Term Investments	0.7	0.17	0.8	-0.47	-0.37	-0.52	-0.23	1.0	0.64	0.81		0.82	0.84	0.04	0.07	0.89	0.76	-0.07	-0.13	0.62	-0.42	0.55	-0.59	-0.31	0.34	-0.17
Net Receivables	0.84	0.35	0.89	-0.46	-0.05	-0.58	-0.12	0.82	0.78	0.93	0.82		0.89	0.11	0.32	0.95	0.84	-0.16	0.18	0.47	-0.26	0.55	-0.45	-0.4	0.47	-0.01
Common Stock Shares Outstanding	0.93	0.44	0.98	-0.38	-0.06	-0.78	-0.04	0.84	0.89	0.97	0.84	0.89		0.12	0.36	0.97	0.97	-0.45	0.13	0.37	-0.38	0.72	-0.61	-0.44	0.61	-0.28
Short Term Investments	0.26	0.26	0.21	0.32	0.22	-0.32	0.25	0.05	0.29	0.06	0.04	0.11	0.12		0.3	0.06	0.23	0.16	0.33	0.04	-0.06	0.39	-0.38	-0.47	0.37	0.09
Total Liab	0.66	0.96	0.46	0.62	0.88	-0.74	0.85	0.08	0.72	0.25	0.07	0.32	0.36	0.3		0.21	0.54	-0.62	0.89	-0.61	0.16	0.62	-0.52	-0.78	0.86	0.18
Total Current Assets	0.85	0.28	0.94	-0.54	-0.19	-0.62	-0.22	0.89	0.79	0.99	0.89	0.95	0.97	0.06	0.21		0.89	-0.27	0.03	0.52	-0.35	0.59	-0.54	-0.33	0.45	-0.21
Common Stock	0.99	0.61	0.99	-0.15	0.12	-0.89	0.19	0.76	0.97	0.9	0.76	0.84	0.97	0.23	0.54	0.89		-0.52	0.3	0.2	-0.36	0.82	-0.68	-0.6	0.75	-0.25
Other Stockholder Equity	-0.55	-0.67	-0.45	-0.23	-0.53	0.66	-0.48	-0.07	-0.59	-0.36	-0.07	-0.16	-0.45	0.16	-0.62	-0.27	-0.52		-0.45	0.54	-0.03	-0.54	0.33	0.29	-0.67	0.32
Non Current Liabilities Total	0.44	0.74	0.24	0.61	0.89	-0.47	0.76	-0.13	0.51	0.07	-0.13	0.18	0.13	0.33	0.89	0.03	0.3	-0.45		-0.69	0.37	0.41	-0.39	-0.69	0.69	0.33
Other Current Liab	0.09	-0.51	0.3	-0.79	-0.84	0.14	-0.76	0.62	0.0	0.46	0.62	0.47	0.37	0.04	-0.61	0.52	0.2	0.54	-0.69		-0.37	-0.06	0.06	0.3	-0.36	-0.1
Other Liab	-0.24	0.02	-0.34	0.23	0.32	0.34	0.19	-0.42	-0.22	-0.32	-0.42	-0.26	-0.38	-0.06	0.16	-0.35	-0.36	-0.03	0.37	-0.37		-0.32	0.35	0.1	-0.12	0.8
Net Tangible Assets	0.82	0.69	0.77	0.21	0.26	-0.91	0.46	0.56	0.84	0.58	0.55	0.55	0.72	0.39	0.62	0.59	0.82	-0.54	0.41	-0.06	-0.32		-0.65	-0.75	0.93	-0.16
Long Term Investments	-0.7	-0.54	-0.66	-0.14	-0.26	0.7	-0.28	-0.6	-0.71	-0.51	-0.59	-0.45	-0.61	-0.38	-0.52	-0.54	-0.68	0.33	-0.39	0.06	0.35	-0.65		0.75	-0.63	0.28
Intangible Assets	-0.68	-0.76	-0.55	-0.49	-0.55	0.74	-0.66	-0.32	-0.72	-0.32	-0.31	-0.4	-0.44	-0.47	-0.78	-0.33	-0.6	0.29	-0.69	0.3	0.1	-0.75	0.75		-0.83	-0.16
Property Plant Equipment	0.81	0.88	0.69	0.42	0.6	-0.92	0.69	0.35	0.86	0.47	0.34	0.47	0.61	0.37	0.86	0.45	0.75	-0.67	0.69	-0.36	-0.12	0.93	-0.63	-0.83		-0.04
Other Assets	-0.14	0.08	-0.23	0.23	0.21	0.26	0.22	-0.17	-0.12	-0.24	-0.17	-0.01	-0.28	0.09	0.18	-0.21	-0.25	0.32	0.33	-0.1	0.8	-0.16	0.28	-0.16	-0.04

Click cells to compare fundamentals

Gowest Gold Account Relationship Matchups

Gowest Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	62.4M	65.6M	71.6M	109.7M	126.1M	132.4M
Total Current Liabilities	21.6M	14.8M	15.4M	10.9M	12.5M	13.1M
Total Stockholder Equity	29.3M	44.0M	51.3M	92.8M	106.7M	112.0M
Property Plant And Equipment Net	60.3M	64.0M	66.8M	2.4M	2.8M	2.7M
Net Debt	19.3M	7.0M	3.7M	2.2M	2.5M	1.7M
Retained Earnings	(24.2M)	(28.6M)	(31.5M)	(33.9M)	(30.5M)	(29.0M)
Accounts Payable	12.1M	13.1M	11.5M	2.3M	2.6M	3.2M
Cash	459.5K	278.5K	3.5M	4.2M	4.9M	5.1M
Non Current Assets Total	61.6M	65.3M	68.1M	93.3M	107.3M	112.7M
Cash And Short Term Investments	459.5K	278.5K	3.5M	4.2M	4.9M	5.1M
Net Receivables	379.4K	54.9K	85.8K	1.6M	1.8M	1.9M
Common Stock Shares Outstanding	75.0M	84.8M	198.7M	436.4M	501.9M	527.0M
Liabilities And Stockholders Equity	62.4M	65.6M	71.6M	109.7M	126.1M	132.4M
Total Liab	33.1M	21.6M	20.3M	16.9M	19.4M	20.4M
Total Current Assets	869.0K	359.8K	3.6M	16.3M	18.8M	19.7M
Common Stock	52.2M	71.4M	80.1M	120.4M	138.4M	145.3M
Other Stockholder Equity	1.7M	1.4M	1.2M	2.6M	3.0M	2.9M
Accumulated Other Comprehensive Income	1.4M	1.2M	2.7M	6.3M	7.2M	7.6M
Non Current Liabilities Total	11.5M	6.8M	4.9M	6.0M	6.9M	5.7M
Other Current Liab	(9.9M)	(5.4M)	451.1K	9.2M	10.6M	11.1M
Other Liab	2.0M	1.3M	1.3M	1.3M	1.1M	1.4M
Net Tangible Assets	32.6M	29.3M	44.0M	51.3M	59.0M	31.4M
Property Plant Equipment	55.9M	60.3M	64.0M	66.8M	76.8M	45.4M
Short Long Term Debt Total	19.7M	7.3M	7.1M	6.4M	5.8M	8.4M
Long Term Debt	9.9M	5.4M	3.6M	4.7M	4.2M	5.9M
Net Invested Capital	48.6M	50.6M	58.2M	97.6M	112.2M	58.9M
Short Long Term Debt	9.4M	1.2M	3.4M	67.3K	60.5K	57.5K
Net Working Capital	(20.7M)	(14.5M)	(11.8M)	5.5M	6.3M	6.6M
Short Term Debt	9.6M	1.8M	3.4M	1.7M	1.5M	1.4M
Current Deferred Revenue	13.2M	9.9M	5.4M	(2.3M)	(2.1M)	(2.0M)
Capital Stock	52.2M	71.4M	80.1M	120.4M	138.4M	75.5M
Other Current Assets	30.0K	26.4K	27.5K	242.5K	278.9K	292.9K

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gowest Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

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Gowest Average Payables vs Free Cash Flow Yield Analysis

Average Payables vs Free Cash Flow Yield

Average Payables vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Average Payables

Free Cash Flow Yield

Gowest Gold fundamental ratios Correlations

Gowest Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Gowest Gold fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Gowest Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Common Stock	+ 0.99	Total Assets
Common Stock	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Non Currrent Assets Other
Common Stock Shares Outstanding	+ 0.98	Total Stockholder Equity

Non Current Assets Total	- 0.93	Retained Earnings
Property Plant Equipment	- 0.92	Retained Earnings
Net Tangible Assets	- 0.91	Retained Earnings
Retained Earnings	- 0.9	Total Assets
Common Stock	- 0.89	Retained Earnings
Other Current Liab	- 0.84	Net Debt