ASA Accounts Payable vs Retained Earnings Analysis
| ASA Stock | USD 18.39 0.22 1.18% |
ASA Gold financial indicator trend analysis is way more than just evaluating ASA Gold prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ASA Gold is a good investment. Please check the relationship between ASA Gold Accounts Payable and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ASA Gold and. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
Accounts Payable vs Retained Earnings
Accounts Payable vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ASA Gold Accounts Payable account and Retained Earnings. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between ASA Gold's Accounts Payable and Retained Earnings is -0.25. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of ASA Gold and, assuming nothing else is changed. The correlation between historical values of ASA Gold's Accounts Payable and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of ASA Gold and are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Accounts Payable i.e., ASA Gold's Accounts Payable and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.25 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents ASA Gold obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of ASA Gold are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from ASA Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ASA 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in ASA Gold and. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. At present, ASA Gold's Enterprise Value Over EBITDA is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 28.47, whereas Selling General Administrative is forecasted to decline to about 949.8 K.
| 2023 | 2024 (projected) | Interest Income | 87.4K | 83.0K | Non Recurring | 500.1K | 444.6K |
ASA Gold fundamental ratios Correlations
Click cells to compare fundamentals
ASA Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ASA Gold fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 464.7M | 482.7M | 326.3M | 335.6M | 302.1M | 323.7M | |
| Other Current Liab | 433.6K | 462.3K | 312.4K | 370.6K | 333.5K | 316.8K | |
| Total Current Liabilities | 433.6K | 462.3K | 312.4K | 370.6K | 333.5K | 316.8K | |
| Total Stockholder Equity | 463.9M | 481.9M | 325.6M | 334.9M | 301.4M | 308.9M | |
| Retained Earnings | 443.3M | 461.2M | 304.9M | 314.3M | 361.4M | 274.8M | |
| Cash | 1.3M | 79.9K | 78.5K | 4.8M | 4.3M | 5.5M | |
| Other Assets | 109.1K | 131.0K | 104.2K | 88.6K | 101.8K | 106.9K | |
| Total Liab | 803.4K | 462.3K | 691.6K | 370.6K | 333.5K | 316.8K | |
| Other Liab | 411.3K | 369.8K | 333.5K | 379.2K | 341.3K | 324.3K | |
| Net Debt | (1.3M) | (79.9K) | (78.5K) | (4.8M) | (5.5M) | (5.8M) | |
| Non Current Assets Total | 463.1M | 482.3M | 325.9M | 330.4M | 297.3M | 345.5M | |
| Non Currrent Assets Other | (463.1M) | (482.3M) | (325.9M) | (330.4M) | (379.9M) | (398.9M) | |
| Cash And Short Term Investments | 1.3M | 79.9K | 78.5K | 4.8M | 4.3M | 5.4M | |
| Net Receivables | 177.2K | 236.8K | 183.8K | 328.2K | 295.4K | 237.0K | |
| Liabilities And Stockholders Equity | 464.7M | 482.7M | 326.3M | 335.6M | 302.1M | 351.0M | |
| Total Current Assets | 1.5M | 316.7K | 262.3K | 5.1M | 4.6M | 5.6M | |
| Net Tangible Assets | 285.9M | 463.9M | 481.9M | 325.6M | 293.0M | 299.3M | |
| Long Term Investments | 463.1M | 482.3M | 325.9M | 330.4M | 297.3M | 292.8M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether ASA Gold offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ASA Gold's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Asa Gold And Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Asa Gold And Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ASA Gold and. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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Is ASA Gold's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ASA Gold. If investors know ASA will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ASA Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.55) | Earnings Share 0.5 | Revenue Per Share 0.124 | Quarterly Revenue Growth (0.47) | Return On Assets (0) |
The market value of ASA Gold is measured differently than its book value, which is the value of ASA that is recorded on the company's balance sheet. Investors also form their own opinion of ASA Gold's value that differs from its market value or its book value, called intrinsic value, which is ASA Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ASA Gold's market value can be influenced by many factors that don't directly affect ASA Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ASA Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if ASA Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASA Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.