Barrick Invested Capital vs Days Sales Outstanding Analysis
ABX Stock | CAD 23.76 0.51 2.19% |
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 Invested Capital and its Days Sales Outstanding accounts. Check out Trending Equities 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 board of governors.
Invested Capital vs Days Sales Outstanding
Invested Capital vs Days Sales Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Barrick Gold Corp Invested Capital account and Days Sales Outstanding. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Barrick Gold's Invested Capital and Days Sales Outstanding is -0.33. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Days Sales Outstanding 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 Invested Capital and Days Sales 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 Invested Capital of Barrick Gold Corp are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Invested Capital i.e., Barrick Gold's Invested Capital and Days Sales Outstanding go up and down completely randomly.
Correlation Coefficient | -0.33 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to Barrick Gold Corp. There are two different methods for calculating Barrick Gold Corp invested capital: operating approach and financing approach. Understanding Barrick Gold invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.Days Sales Outstanding
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 Trending Equities 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 board of governors. At this time, Barrick Gold's Selling General Administrative is very stable compared to the past year. As of the 4th of June 2024, Tax Provision is likely to grow to about 1.2 B, while Discontinued Operations is likely to drop (478.2 M).
2021 | 2022 | 2023 | 2024 (projected) | Operating Income | 4.8B | 3.4B | 2.8B | 1.9B | Total Revenue | 12.0B | 11.0B | 11.4B | 5.7B |
Barrick Gold fundamental ratios Correlations
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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 | 45.8B | 24.1B | |
Short Long Term Debt Total | 5.5B | 5.4B | 5.5B | 5.3B | 6.0B | 5.2B | |
Other Current Liab | 958M | 1.2B | 1.5B | 2.3B | 187M | 177.7M | |
Total Current Liabilities | 2.4B | 2.2B | 2.1B | 3.1B | 2.4B | 1.6B | |
Total Stockholder Equity | 7.6B | 21.4B | 23.3B | 23.9B | 22.8B | 11.8B | |
Property Plant And Equipment Net | 24.3B | 24.7B | 25.0B | 25.9B | 26.5B | 13.4B | |
Net Debt | 2.2B | 176M | 193M | 810M | 1.0B | 968.1M | |
Retained Earnings | (9.7B) | (7.9B) | (6.6B) | (7.3B) | (6.7B) | (6.4B) | |
Accounts Payable | 715M | 929M | 539M | 741M | 678M | 656.6M | |
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 | 38.4B | 19.9B | |
Non Currrent Assets Other | 3.3B | 3.6B | 3.7B | 3.8B | 3.0B | 1.9B | |
Cash And Short Term Investments | 3.3B | 5.2B | 5.3B | 4.4B | 5.1B | 5.4B | |
Net Receivables | 665M | 766M | 942M | 906M | 693M | 395.2M | |
Short Term Investments | 728M | 1.5B | 1.6B | 1.4B | 1.7B | 1.7B | |
Liabilities And Stockholders Equity | 44.4B | 46.5B | 46.9B | 46.0B | 52.9B | 55.5B | |
Non Current Liabilities Total | 12.2B | 12.6B | 12.5B | 11.6B | 11.5B | 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 | 1.7B | 3.0B | |
Total Liab | 14.6B | 14.8B | 14.6B | 14.7B | 13.8B | 10.1B | |
Property Plant And Equipment Gross | 24.1B | 24.6B | 65.2B | 68.8B | 71.1B | 74.7B | |
Total Current Assets | 6.9B | 8.1B | 8.2B | 8.5B | 7.4B | 4.2B | |
Accumulated Other Comprehensive Income | (122M) | 14M | (23M) | 26M | 29.9M | 31.4M | |
Short Term Debt | 375M | 20M | 24M | 45M | 40.5M | 38.5M | |
Other Current Assets | 88M | 84M | 87M | 91M | 127M | 120.7M | |
Intangible Assets | 86M | 77M | 68M | 67M | 60.3M | 57.3M | |
Current Deferred Revenue | 328M | 47M | 43M | 54M | 62.1M | 75.6M | |
Other Assets | 3.6B | 3.7B | 3.8B | 3.3B | 3.8B | 3.4B | |
Good Will | 1.3B | 1.2B | 4.8B | 3.6B | 3.2B | 3.7B | |
Common Stock Total Equity | 20.9B | 20.9B | 29.2B | 29.2B | 33.6B | 23.7B | |
Common Stock | 29.2B | 29.2B | 28.5B | 28.1B | 32.3B | 24.8B | |
Other Liab | 7.0B | 7.2B | 7.0B | 6.4B | 7.3B | 6.8B | |
Net Tangible Assets | 16.4B | 18.4B | 18.9B | 19.0B | 21.9B | 12.3B | |
Long Term Debt | 5.1B | 5.3B | 5.4B | 5.2B | 5.1B | 5.9B | |
Long Term Investments | 4.8B | 5.1B | 5.0B | 4.1B | 4.3B | 2.9B | |
Property Plant Equipment | 24.1B | 24.6B | 25.0B | 25.8B | 29.7B | 21.5B | |
Long Term Debt Total | 5.2B | 5.3B | 5.4B | 5.3B | 4.7B | 5.1B |
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When determining whether Barrick Gold Corp is a strong investment it is important to analyze Barrick Gold's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Barrick Gold's future performance. For an informed investment choice regarding Barrick Stock, refer to the following important reports:Check out Trending Equities 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 board of governors. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.