Big Inventory vs Net Working Capital Analysis

BRAU Stock

CAD 0.09 0.01 12.50%

Big Ridge financial indicator trend analysis is way more than just evaluating Big Ridge Gold prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Big Ridge Gold is a good investment. Please check the relationship between Big Ridge Inventory and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Big Ridge 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 employment.

Inventory vs Net Working Capital

Inventory vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Big Ridge Gold Inventory account and Net Working Capital. At this time, the significance of the direction appears to have no relationship.

The correlation between Big Ridge's Inventory and Net Working Capital is 0.0. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Big Ridge Gold, assuming nothing else is changed. The correlation between historical values of Big Ridge's Inventory and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Big Ridge Gold are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Inventory i.e., Big Ridge's Inventory and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.0

Relationship Direction	Flat
Relationship Strength	Insignificant

View All Relationships

Inventory

Net Working Capital

Most indicators from Big Ridge's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Big Ridge 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 Big Ridge 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 employment.

At this time, Big Ridge's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 12.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 577 K in 2024.

Big Ridge fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	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	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Non Current Liabilities Total	Short Term Investments	Inventory	Other Current Assets	Net Tangible Assets	Net Invested Capital	Net Working Capital
Total Assets		-0.4	0.11	0.23	0.98	0.64	-0.85	-0.45	0.29	0.85	0.62	0.39	0.84	-0.03	0.38	-0.32	0.23	0.84	-0.4	0.03	0.17	-0.49	-0.15	0.87	0.89	0.65
Short Long Term Debt Total	-0.4		0.6	0.0	-0.39	-0.56	0.15	0.45	-0.08	-0.15	-0.48	-0.95	-0.18	-0.19	-0.07	-0.16	-0.01	-0.23	1.0	0.35	-0.27	-0.29	0.7	-0.04	-0.07	-0.06
Other Current Liab	0.11	0.6		0.33	0.04	-0.14	-0.31	0.12	0.25	0.31	-0.08	-0.51	0.27	-0.02	0.09	-0.45	0.31	0.19	0.6	0.52	-0.22	-0.5	0.73	0.2	0.2	0.16
Total Current Liabilities	0.23	0.0	0.33		0.03	0.33	-0.09	-0.62	0.99	0.09	0.4	0.02	0.03	0.16	0.63	-0.36	1.0	0.0	0.0	0.88	-0.4	-0.64	0.53	-0.01	0.01	-0.28
Total Stockholder Equity	0.98	-0.39	0.04	0.03		0.58	-0.86	-0.33	0.09	0.85	0.54	0.37	0.86	-0.07	0.27	-0.26	0.03	0.86	-0.39	-0.15	0.25	-0.38	-0.27	0.9	0.92	0.72
Property Plant And Equipment Net	0.64	-0.56	-0.14	0.33	0.58		-0.24	-0.84	0.38	0.24	0.98	0.66	0.2	-0.07	0.76	-0.24	0.37	0.16	-0.56	0.24	-0.21	-0.55	-0.37	0.33	0.43	-0.07
Net Debt	-0.85	0.15	-0.31	-0.09	-0.86	-0.24		0.07	-0.13	-1.0	-0.21	-0.11	-0.99	0.11	-0.02	0.3	-0.07	-0.94	0.15	0.06	-0.2	0.34	-0.07	-0.9	-0.88	-0.87
Retained Earnings	-0.45	0.45	0.12	-0.62	-0.33	-0.84	0.07		-0.66	-0.07	-0.83	-0.46	-0.01	0.13	-0.89	0.43	-0.66	0.02	0.45	-0.46	0.43	0.6	0.19	-0.13	-0.2	0.33
Accounts Payable	0.29	-0.08	0.25	0.99	0.09	0.38	-0.13	-0.66		0.13	0.44	0.09	0.07	0.17	0.63	-0.34	0.99	0.05	-0.08	0.84	-0.36	-0.62	0.47	0.03	0.05	-0.25
Cash	0.85	-0.15	0.31	0.09	0.85	0.24	-1.0	-0.07	0.13		0.21	0.11	0.99	-0.11	0.02	-0.3	0.07	0.94	-0.15	-0.06	0.2	-0.34	0.07	0.91	0.89	0.87
Non Current Assets Total	0.62	-0.48	-0.08	0.4	0.54	0.98	-0.21	-0.83	0.44	0.21		0.6	0.18	-0.07	0.79	-0.23	0.44	0.13	-0.48	0.34	-0.2	-0.61	-0.27	0.29	0.4	-0.11
Non Currrent Assets Other	0.39	-0.95	-0.51	0.02	0.37	0.66	-0.11	-0.46	0.09	0.11	0.6		0.13	0.14	0.14	0.11	0.04	0.17	-0.95	-0.23	0.19	0.19	-0.62	0.02	0.07	0.0
Cash And Short Term Investments	0.84	-0.18	0.27	0.03	0.86	0.2	-0.99	-0.01	0.07	0.99	0.18	0.13		-0.05	-0.05	-0.24	0.01	0.96	-0.18	-0.14	0.33	-0.26	0.02	0.89	0.86	0.89
Net Receivables	-0.03	-0.19	-0.02	0.16	-0.07	-0.07	0.11	0.13	0.17	-0.11	-0.07	0.14	-0.05		-0.17	0.55	0.14	0.04	-0.19	0.01	0.39	0.2	-0.02	-0.16	-0.19	-0.04
Common Stock Shares Outstanding	0.38	-0.07	0.09	0.63	0.27	0.76	-0.02	-0.89	0.63	0.02	0.79	0.14	-0.05	-0.17		-0.46	0.67	-0.12	-0.07	0.61	-0.53	-0.82	0.01	0.19	0.27	-0.37
Other Stockholder Equity	-0.32	-0.16	-0.45	-0.36	-0.26	-0.24	0.3	0.43	-0.34	-0.3	-0.23	0.11	-0.24	0.55	-0.46		-0.37	-0.22	-0.16	-0.4	0.34	0.53	-0.32	-0.26	-0.29	-0.02
Total Liab	0.23	-0.01	0.31	1.0	0.03	0.37	-0.07	-0.66	0.99	0.07	0.44	0.04	0.01	0.14	0.67	-0.37		-0.02	-0.01	0.88	-0.42	-0.66	0.5	-0.02	0.01	-0.31
Total Current Assets	0.84	-0.23	0.19	0.0	0.86	0.16	-0.94	0.02	0.05	0.94	0.13	0.17	0.96	0.04	-0.12	-0.22	-0.02		-0.23	-0.19	0.39	-0.16	0.01	0.86	0.83	0.92
Short Term Debt	-0.4	1.0	0.6	0.0	-0.39	-0.56	0.15	0.45	-0.08	-0.15	-0.48	-0.95	-0.18	-0.19	-0.07	-0.16	-0.01	-0.23		0.35	-0.27	-0.29	0.7	-0.04	-0.07	-0.06
Non Current Liabilities Total	0.03	0.35	0.52	0.88	-0.15	0.24	0.06	-0.46	0.84	-0.06	0.34	-0.23	-0.14	0.01	0.61	-0.4	0.88	-0.19	0.35		-0.53	-0.75	0.73	-0.1	-0.06	-0.37
Short Term Investments	0.17	-0.27	-0.22	-0.4	0.25	-0.21	-0.2	0.43	-0.36	0.2	-0.2	0.19	0.33	0.39	-0.53	0.34	-0.42	0.39	-0.27	-0.53		0.5	-0.31	0.11	0.06	0.38
Inventory	-0.49	-0.29	-0.5	-0.64	-0.38	-0.55	0.34	0.6	-0.62	-0.34	-0.61	0.19	-0.26	0.2	-0.82	0.53	-0.66	-0.16	-0.29	-0.75	0.5		-0.42	-0.46	-0.52	0.0
Other Current Assets	-0.15	0.7	0.73	0.53	-0.27	-0.37	-0.07	0.19	0.47	0.07	-0.27	-0.62	0.02	-0.02	0.01	-0.32	0.5	0.01	0.7	0.73	-0.31	-0.42		-0.04	-0.06	0.0
Net Tangible Assets	0.87	-0.04	0.2	-0.01	0.9	0.33	-0.9	-0.13	0.03	0.91	0.29	0.02	0.89	-0.16	0.19	-0.26	-0.02	0.86	-0.04	-0.1	0.11	-0.46	-0.04		0.99	0.83
Net Invested Capital	0.89	-0.07	0.2	0.01	0.92	0.43	-0.88	-0.2	0.05	0.89	0.4	0.07	0.86	-0.19	0.27	-0.29	0.01	0.83	-0.07	-0.06	0.06	-0.52	-0.06	0.99		0.79
Net Working Capital	0.65	-0.06	0.16	-0.28	0.72	-0.07	-0.87	0.33	-0.25	0.87	-0.11	0.0	0.89	-0.04	-0.37	-0.02	-0.31	0.92	-0.06	-0.37	0.38	0.0	0.0	0.83	0.79

Click cells to compare fundamentals

Big Ridge Account Relationship Matchups

Big Ridge fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.8M	13.0M	6.2M	5.4M	6.2M	4.9M
Other Current Liab	94.2K	25K	110.4K	72.3K	65.0K	57.2K
Total Current Liabilities	79.4K	183.1K	1.9M	491.6K	565.3K	593.6K
Total Stockholder Equity	4.7M	12.8M	4.0M	4.8M	5.5M	4.6M
Net Debt	(140.0K)	(8.3M)	(2.0M)	(88.4K)	(79.5K)	(83.5K)
Retained Earnings	(22.0M)	(23.1M)	(35.9M)	(39.5M)	(35.6M)	(33.8M)
Accounts Payable	54.4K	183.1K	1.8M	419.3K	482.2K	506.3K
Cash	140.0K	8.3M	2.0M	88.4K	101.6K	96.6K
Cash And Short Term Investments	394.4K	8.8M	2.1M	95.9K	110.3K	104.7K
Net Receivables	16.1K	49.4K	385.1K	25.8K	29.7K	28.2K
Liabilities And Stockholders Equity	4.8M	13.0M	6.2M	5.4M	6.2M	4.9M
Total Liab	79.4K	185.3K	2.2M	641.7K	738.0K	774.9K
Total Current Assets	2.7M	8.9M	2.5M	123.4K	141.9K	134.8K
Short Term Investments	254.3K	530.6K	94.0K	7.5K	6.8K	6.4K
Other Current Assets	8.2K	7.8K	41.9K	1.7K	1.5K	1.5K
Net Tangible Assets	3.2M	4.7M	12.8M	4.0M	4.6M	5.9M
Net Invested Capital	4.7M	12.8M	4.0M	4.8M	5.5M	5.8M
Net Working Capital	2.6M	8.7M	612.4K	(368.2K)	(331.4K)	(314.8K)
Common Stock	21.9M	32.8M	36.4M	40.4M	46.4M	30.8M
Capital Stock	21.9M	32.8M	36.4M	40.4M	46.4M	33.7M

Pair Trading with Big Ridge

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 Big Ridge 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 Big Ridge will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Big Ridge could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Big Ridge 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 Big Ridge - 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 Big Ridge Gold to buy it.

The correlation of Big Ridge 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 Big Ridge moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Big Ridge Gold 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 Big Ridge 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.

Pair Correlation Correlation Matching

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Big Ridge 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 employment.

Note that the Big Ridge Gold information on this page should be used as a complementary analysis to other Big Ridge's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the CEOs Directory module to screen CEOs from public companies around the world.

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When running Big Ridge's price analysis, check to measure Big Ridge'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 Big Ridge is operating at the current time. Most of Big Ridge's value examination focuses on studying past and present price action to predict the probability of Big Ridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Big Ridge's price. Additionally, you may evaluate how the addition of Big Ridge to your portfolios can decrease your overall portfolio volatility.

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Please note, there is a significant difference between Big Ridge's value and its price as these two are different measures arrived at by different means. Investors typically determine if Big Ridge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Big Ridge'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.

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Big Inventory vs Net Working Capital Analysis

Inventory vs Net Working Capital

Inventory vs Net Working Capital Correlation Analysis

Correlation Coefficient

Inventory

Net Working Capital

Big Ridge fundamental ratios Correlations

Big Ridge Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Big Ridge fundamental ratios Accounts

Pair Trading with Big Ridge

Complementary Tools for Big Stock analysis

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COMPANY

Short Term Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Total Current Liabilities
Accounts Payable	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Accounts Payable
Cash And Short Term Investments	+ 0.99	Cash
Net Invested Capital	+ 0.99	Net Tangible Assets

Cash	- 1.0	Net Debt
Cash And Short Term Investments	- 0.99	Net Debt
Short Term Debt	- 0.95	Non Currrent Assets Other
Non Currrent Assets Other	- 0.95	Short Long Term Debt Total
Total Current Assets	- 0.94	Net Debt
Net Tangible Assets	- 0.9	Net Debt