Advantage Other Current Assets vs Property Plant And Equipment Net Analysis
AAV Stock | CAD 11.59 0.05 0.43% |
Advantage Oil financial indicator trend analysis is way more than just evaluating Advantage Oil Gas prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Advantage Oil Gas is a good investment. Please check the relationship between Advantage Oil Other Current Assets and its Property Plant And Equipment Net accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advantage Oil Gas. 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.
Other Current Assets vs Property Plant And Equipment Net
Other Current Assets vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Advantage Oil Gas Other Current Assets account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Advantage Oil's Other Current Assets and Property Plant And Equipment Net is -0.62. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Advantage Oil Gas, assuming nothing else is changed. The correlation between historical values of Advantage Oil's Other Current Assets and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Advantage Oil Gas are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Other Current Assets i.e., Advantage Oil's Other Current Assets and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | -0.62 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Most indicators from Advantage Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Advantage Oil Gas 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Advantage Oil Gas. 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, Advantage Oil's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 1st of June 2024, Enterprise Value is likely to grow to about 1.8 B, while Selling General Administrative is likely to drop about 29.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 20.1M | 19.8M | 30.1M | 42.3M | Depreciation And Amortization | 106.8M | 133.9M | 154.0M | 94.7M |
Advantage Oil fundamental ratios Correlations
Click cells to compare fundamentals
Advantage Oil Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Advantage Oil fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.8B | 1.5B | 2.0B | 2.2B | 2.3B | 1.4B | |
Short Long Term Debt Total | 298.2M | 249.4M | 167.3M | 192.9M | 173.6M | 267.7M | |
Other Current Liab | 64.4M | 56.8M | 95.4M | 107.8M | 25.8M | 24.5M | |
Total Current Liabilities | 64.6M | 57.0M | 95.4M | 107.8M | 96.4M | 91.6M | |
Total Stockholder Equity | 1.3B | 1.0B | 1.5B | 1.6B | 1.6B | 992.2M | |
Property Plant And Equipment Net | 1.8B | 1.5B | 1.9B | 1.9B | 2.1B | 1.2B | |
Net Debt | 285.1M | 246.1M | 142.1M | 144.0M | 239.9M | 241.1M | |
Retained Earnings | (1.2B) | (1.4B) | (1.0B) | (684.6M) | (583.0M) | (612.1M) | |
Cash | 13.1M | 3.3M | 25.2M | 48.9M | 19.3M | 32.1M | |
Non Current Assets Total | 1.8B | 1.5B | 1.9B | 2.0B | 2.2B | 1.4B | |
Non Currrent Assets Other | 1.8B | 4.1M | 57.7M | 94.0M | 4.0M | 3.8M | |
Cash And Short Term Investments | 13.1M | 3.3M | 25.2M | 48.9M | 44.0M | 34.4M | |
Net Receivables | 29.3M | 28.5M | 54.8M | 92.8M | 49.6M | 47.1M | |
Common Stock Shares Outstanding | 190.9M | 186.7M | 187.8M | 198.6M | 162.2M | 104.1M | |
Liabilities And Stockholders Equity | 1.8B | 1.5B | 2.0B | 2.2B | 2.0B | 1.3B | |
Non Current Liabilities Total | 437.7M | 436.5M | 439.5M | 544.5M | 646.2M | 434.3M | |
Other Stockholder Equity | 117.1M | 114.3M | 110.3M | 142.8M | 128.5M | 122.1M | |
Total Liab | 502.4M | 493.5M | 534.9M | 652.3M | 742.6M | 609.4M | |
Property Plant And Equipment Gross | 1.8B | 1.5B | 3.0B | 3.2B | 3.5B | 3.7B | |
Total Current Assets | 45.9M | 40.7M | 83.8M | 178.7M | 120.5M | 114.4M | |
Accumulated Other Comprehensive Income | (667.0M) | (786.0M) | (905.1M) | (1.4B) | (1.2B) | (1.2B) | |
Other Current Assets | 2.0M | 6.9M | 3.8M | 37.0M | 33.3M | 38.5M | |
Accounts Payable | 50.7M | 37.0M | 76.6M | 78.3M | 70.4M | 66.9M | |
Common Stock Total Equity | 2.3B | 2.3B | 2.3B | 2.4B | 2.7B | 2.4B | |
Common Stock | 2.3B | 2.4B | 2.4B | 2.1B | 2.4B | 2.4B | |
Other Liab | 139.8M | 187.4M | 180.5M | 259.4M | 298.3M | 151.4M | |
Net Tangible Assets | 1.3B | 1.0B | 1.5B | 1.6B | 1.8B | 1.4B | |
Other Assets | 0.0 | 28.9M | 57.7M | 94.0M | 108.1M | 113.5M | |
Long Term Debt | 295.6M | 247.1M | 167.3M | 192.9M | 259.1M | 185.1M | |
Property Plant Equipment | 1.8B | 1.5B | 1.9B | 1.9B | 2.2B | 1.8B | |
Long Term Debt Total | 297.9M | 249.1M | 169.2M | 194.6M | 223.8M | 242.6M | |
Capital Surpluse | 117.1M | 114.3M | 110.3M | 142.8M | 164.2M | 128.6M |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advantage Oil Gas. 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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for Advantage Stock analysis
When running Advantage Oil's price analysis, check to measure Advantage Oil's 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 Advantage Oil is operating at the current time. Most of Advantage Oil's value examination focuses on studying past and present price action to predict the probability of Advantage Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advantage Oil's price. Additionally, you may evaluate how the addition of Advantage Oil to your portfolios can decrease your overall portfolio volatility.
Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities |