Contango Net Invested Capital vs Common Stock Shares Outstanding Analysis
CTGO Stock | USD 23.92 0.54 2.21% |
Contango ORE financial indicator trend analysis is way more than just evaluating Contango ORE prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Contango ORE is a good investment. Please check the relationship between Contango ORE Net Invested Capital and its Common Stock Shares Outstanding accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Contango ORE. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Contango Stock, please use our How to Invest in Contango ORE guide.
Net Invested Capital vs Common Stock Shares Outstanding
Net Invested Capital vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Contango ORE Net Invested Capital account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have strong relationship.
The correlation between Contango ORE's Net Invested Capital and Common Stock Shares Outstanding is 0.63. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Contango ORE, assuming nothing else is changed. The correlation between historical values of Contango ORE's Net Invested Capital and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Contango ORE are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Net Invested Capital i.e., Contango ORE's Net Invested Capital and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.63 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Most indicators from Contango ORE's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Contango ORE 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 Contango ORE. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Contango Stock, please use our How to Invest in Contango ORE guide.At this time, Contango ORE's Selling General Administrative is very stable compared to the past year. As of the 1st of June 2024, Enterprise Value is likely to grow to about 205 M, though Tax Provision is likely to grow to (130.8 K).
Contango ORE fundamental ratios Correlations
Click cells to compare fundamentals
Contango ORE Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Contango ORE fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.1M | 36.0M | 37.3M | 25.7M | 29.5M | 31.0M | |
Other Current Liab | 1.0M | 195.8K | 871.0K | 2.1M | 2.4M | 2.5M | |
Total Current Liabilities | 1.1M | 222.1K | 1.5M | 2.3M | 2.6M | 2.8M | |
Total Stockholder Equity | 2.0M | 34.5M | 13.3M | (4.8M) | (5.5M) | (5.2M) | |
Common Stock Shares Outstanding | 6.5M | 6.3M | 6.7M | 7.1M | 8.2M | 4.9M | |
Liabilities And Stockholders Equity | 3.1M | 36.0M | 37.3M | 25.7M | 29.5M | 31.0M | |
Other Current Assets | 72.2K | 515.6K | 453.4K | 413.9K | 476.0K | 499.8K | |
Other Stockholder Equity | 60.8M | 69.5M | 71.7M | 93.4M | 107.4M | 112.8M | |
Total Liab | 1.1M | 1.4M | 24.0M | 30.4M | 35.0M | 36.8M | |
Total Current Assets | 3.1M | 35.9M | 23.8M | 12.3M | 14.1M | 10.5M | |
Common Stock | 65.9K | 66.8K | 68.6K | 77.8K | 70.0K | 66.5K | |
Net Debt | (3.0M) | (35.2M) | (3.9M) | 13.8M | 15.9M | 16.7M | |
Retained Earnings | (58.9M) | (35.0M) | (58.5M) | (98.3M) | (113.0M) | (118.7M) | |
Accounts Payable | 83.2K | 26.3K | 633.9K | 220.8K | 198.7K | 317.3K | |
Cash | 3.0M | 35.2M | 23.1M | 11.6M | 13.4M | 11.0M | |
Cash And Short Term Investments | 3.0M | 35.2M | 23.1M | 11.6M | 13.4M | 11.0M | |
Net Tangible Assets | 2.0M | 34.5M | 13.3M | (4.8M) | (5.5M) | (5.2M) | |
Non Current Liabilities Total | 83.2K | 1.2M | 22.5M | 28.1M | 32.4M | 34.0M | |
Net Invested Capital | 2.0M | 34.5M | 32.5M | 20.7M | 23.8M | 18.4M | |
Net Working Capital | 2.0M | 35.7M | 22.3M | 10.0M | 11.5M | 15.3M | |
Capital Stock | 65.9K | 66.8K | 68.6K | 77.8K | 89.5K | 75.4K |
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Try AI Portfolio ArchitectCheck out Trending Equities to better understand how to build diversified portfolios, which includes a position in Contango ORE. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Contango Stock, please use our How to Invest in Contango ORE guide.Note that the Contango ORE information on this page should be used as a complementary analysis to other Contango ORE'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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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Is Contango ORE'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 Contango ORE. If investors know Contango 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 Contango ORE listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (7.04) | Return On Assets (0.21) | Return On Equity (5.05) |
The market value of Contango ORE is measured differently than its book value, which is the value of Contango that is recorded on the company's balance sheet. Investors also form their own opinion of Contango ORE's value that differs from its market value or its book value, called intrinsic value, which is Contango ORE'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 Contango ORE's market value can be influenced by many factors that don't directly affect Contango ORE'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 Contango ORE's value and its price as these two are different measures arrived at by different means. Investors typically determine if Contango ORE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Contango ORE'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.