Barrick Free Cash Flow vs Asset Turnover Analysis
GOLD Stock | USD 16.70 0.22 1.33% |
Barrick Gold financial indicator trend analysis is way more than just evaluating Barrick Gold Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Barrick Gold Corp is a good investment. Please check the relationship between Barrick Gold Free Cash Flow and its Asset Turnover accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Barrick Gold Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Free Cash Flow vs Asset Turnover
Free Cash Flow vs Asset Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Barrick Gold Corp Free Cash Flow account and Asset Turnover. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Barrick Gold's Free Cash Flow and Asset Turnover is -0.36. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Barrick Gold Corp, assuming nothing else is changed. The correlation between historical values of Barrick Gold's Free Cash Flow and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Barrick Gold Corp are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Free Cash Flow i.e., Barrick Gold's Free Cash Flow and Asset Turnover go up and down completely randomly.
Correlation Coefficient | -0.36 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Most indicators from Barrick Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Barrick Gold Corp 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Barrick Gold Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. At present, Barrick Gold's Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 7.68, whereas Sales General And Administrative To Revenue is forecasted to decline to 0.01.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.9B | 3.5B | 3.5B | 2.4B | Total Revenue | 12.0B | 11.0B | 11.4B | 5.7B |
Barrick Gold fundamental ratios Correlations
Click cells to compare fundamentals
Barrick Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Barrick Gold fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 1.8B | 1.8B | 1.8B | 1.8B | 1.8B | 1.8B | |
Total Assets | 44.4B | 46.5B | 46.9B | 46.0B | 45.6B | 24.1B | |
Short Long Term Debt Total | 5.5B | 5.4B | 5.5B | 5.3B | 4.7B | 5.1B | |
Other Current Liab | 958M | 1.2B | 1.5B | 2.3B | 1.4B | 1.4B | |
Total Current Liabilities | 2.4B | 2.2B | 2.1B | 3.1B | 2.3B | 1.6B | |
Total Stockholder Equity | 21.4B | 23.3B | 23.9B | 22.8B | 23.2B | 11.8B | |
Property Plant And Equipment Net | 24.3B | 24.7B | 25.0B | 25.9B | 26.3B | 13.4B | |
Net Debt | 2.2B | 176M | 193M | 810M | 575.0M | 546.3M | |
Retained Earnings | (9.7B) | (7.9B) | (6.6B) | (7.3B) | (6.7B) | (6.3B) | |
Accounts Payable | 715M | 929M | 539M | 741M | 674.5M | 656.5M | |
Cash | 3.3B | 5.2B | 5.3B | 4.4B | 4.1B | 2.2B | |
Non Current Assets Total | 37.5B | 38.4B | 38.6B | 37.5B | 38.2B | 19.9B | |
Non Currrent Assets Other | 3.3B | 3.6B | 3.7B | 3.8B | 3.2B | 1.9B | |
Cash And Short Term Investments | 3.3B | 5.2B | 5.3B | 4.4B | 4.1B | 2.2B | |
Net Receivables | 665M | 766M | 942M | 906M | 1.2B | 1.2B | |
Liabilities And Stockholders Equity | 44.4B | 46.5B | 46.9B | 46.0B | 45.6B | 24.1B | |
Non Current Liabilities Total | 12.2B | 12.6B | 12.5B | 11.6B | 11.4B | 8.5B | |
Inventory | 2.3B | 1.9B | 1.7B | 1.8B | 1.8B | 1.3B | |
Other Stockholder Equity | 2.0B | 2.0B | 1.9B | 1.9B | 1.9B | 2.8B | |
Total Liab | 14.6B | 14.8B | 14.6B | 14.7B | 13.7B | 10.1B | |
Total Current Assets | 6.9B | 8.1B | 8.2B | 8.5B | 7.4B | 4.2B | |
Accumulated Other Comprehensive Income | (122M) | 14M | (23M) | 26M | 61.7M | 64.8M | |
Short Term Debt | 375M | 20M | 24M | 45M | 10.9M | 10.4M | |
Other Liab | 7.0B | 7.2B | 7.0B | 6.4B | 7.3B | 7.7B | |
Other Assets | 3.6B | 3.7B | 3.8B | 3.9B | 4.4B | 2.3B | |
Long Term Debt | 5.1B | 5.3B | 5.4B | 5.1B | 5.1B | 6.3B | |
Common Stock | 29.2B | 29.2B | 28.5B | 28.1B | 28.0B | 18.4B | |
Property Plant Equipment | 24.1B | 24.6B | 25.0B | 25.8B | 29.7B | 16.0B | |
Intangible Assets | 86M | 77M | 68M | 67M | 60.3M | 57.3M | |
Current Deferred Revenue | 328M | 47M | 43M | 54M | 301.4M | 320.7M | |
Property Plant And Equipment Gross | 24.1B | 24.6B | 65.2B | 68.8B | 71.1B | 74.7B | |
Common Stock Total Equity | 20.9B | 20.9B | 29.2B | 29.2B | 33.6B | 18.8B | |
Good Will | 1.3B | 1.2B | 4.8B | 3.6B | 3.6B | 3.7B | |
Net Tangible Assets | 16.4B | 18.4B | 18.9B | 19.0B | 21.9B | 11.8B | |
Long Term Investments | 4.8B | 5.1B | 5.0B | 4.1B | 4.3B | 3.0B |
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Is Barrick 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 Barrick Gold. If investors know Barrick 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 Barrick 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 0.538 | Dividend Share 0.4 | Earnings Share 0.72 | Revenue Per Share 6.494 | Quarterly Revenue Growth 0.103 |
The market value of Barrick Gold Corp is measured differently than its book value, which is the value of Barrick that is recorded on the company's balance sheet. Investors also form their own opinion of Barrick Gold's value that differs from its market value or its book value, called intrinsic value, which is Barrick 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 Barrick Gold's market value can be influenced by many factors that don't directly affect Barrick 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 Barrick Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Barrick Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Barrick 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.