Asiabasemetals Stock Working Capital
| ABZ Stock | CAD 0.10 0.00 0.00% |
Asiabasemetals fundamentals help investors to digest information that contributes to Asiabasemetals' financial success or failures. It also enables traders to predict the movement of Asiabasemetals Stock. The fundamental analysis module provides a way to measure Asiabasemetals' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Asiabasemetals stock.
| Last Reported | Projected for Next Year | ||
| Net Working Capital | -367.4 K | -349 K | |
| Change In Working Capital | 294.5 K | 309.2 K | |
| Working Capital | 0.00 | 0.00 |
Asiabasemetals | Working Capital |
Asiabasemetals Company Working Capital Analysis
Asiabasemetals' Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
More About Working Capital | All Equity Analysis
Working Capital | = | Current Assets | - | Current Liabilities |
Current Asiabasemetals Working Capital | (408.2 K) |
Most of Asiabasemetals' fundamental indicators, such as Working Capital, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Asiabasemetals is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Asiabasemetals Working Capital Driver Correlations
Understanding the fundamental principles of building solid financial models for Asiabasemetals is extremely important. It helps to project a fair market value of Asiabasemetals Stock properly, considering its historical fundamentals such as Working Capital. Since Asiabasemetals' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Asiabasemetals' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Asiabasemetals' interrelated accounts and indicators.
Click cells to compare fundamentals
Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
| Competition |
Asiabasemetals Net Invested Capital
Net Invested Capital |
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In accordance with the company's disclosures, Asiabasemetals has a Working Capital of (408,204). This is 100.06% lower than that of the Metals & Mining sector and 100.01% lower than that of the Materials industry. The working capital for all Canada stocks is 100.03% higher than that of the company.
Asiabasemetals Working Capital Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Asiabasemetals' direct or indirect competition against its Working Capital to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Asiabasemetals could also be used in its relative valuation, which is a method of valuing Asiabasemetals by comparing valuation metrics of similar companies.Asiabasemetals is currently under evaluation in working capital category among related companies.
Asiabasemetals Current Valuation Drivers
We derive many important indicators used in calculating different scores of Asiabasemetals from analyzing Asiabasemetals' financial statements. These drivers represent accounts that assess Asiabasemetals' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Asiabasemetals' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 12.6M | 8.9M | 5.9M | 7.4M | 6.6M | 5.7M | |
| Enterprise Value | 12.5M | 8.8M | 5.8M | 7.4M | 6.6M | 5.5M |
Asiabasemetals Fundamentals
| Return On Equity | -133.88 | ||||
| Return On Asset | -7.86 | ||||
| Current Valuation | 4.93 M | ||||
| Shares Outstanding | 49.4 M | ||||
| Shares Owned By Insiders | 67.68 % | ||||
| Number Of Shares Shorted | 31 | ||||
| Price To Earning | (6.11) X | ||||
| Price To Book | 95.50 X | ||||
| Gross Profit | (4.45 K) | ||||
| EBITDA | (565.58 K) | ||||
| Net Income | (663.1 K) | ||||
| Cash And Equivalents | 175.39 K | ||||
| Current Ratio | 7.44 X | ||||
| Book Value Per Share | (0.01) X | ||||
| Cash Flow From Operations | (35.19 K) | ||||
| Short Ratio | 0.69 X | ||||
| Earnings Per Share | (0.01) X | ||||
| Beta | 0.46 | ||||
| Market Capitalization | 4.94 M | ||||
| Total Asset | 20.81 K | ||||
| Retained Earnings | (6.78 M) | ||||
| Working Capital | (408.2 K) | ||||
| Net Asset | 20.81 K |
About Asiabasemetals Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Asiabasemetals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Asiabasemetals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Asiabasemetals based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Asiabasemetals in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Asiabasemetals' short interest history, or implied volatility extrapolated from Asiabasemetals options trading.
Pair Trading with Asiabasemetals
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 Asiabasemetals 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 Asiabasemetals will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Asiabasemetals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asiabasemetals 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 Asiabasemetals - 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 Asiabasemetals to buy it.
The correlation of Asiabasemetals 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 Asiabasemetals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asiabasemetals 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 Asiabasemetals 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Asiabasemetals. 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. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Asiabasemetals Stock analysis
When running Asiabasemetals' price analysis, check to measure Asiabasemetals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Asiabasemetals is operating at the current time. Most of Asiabasemetals' value examination focuses on studying past and present price action to predict the probability of Asiabasemetals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asiabasemetals' price. Additionally, you may evaluate how the addition of Asiabasemetals to your portfolios can decrease your overall portfolio volatility.
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