Harmony Common Stock vs Net Tangible Assets Analysis
HMY Stock | USD 9.25 0.11 1.20% |
Harmony Gold financial indicator trend analysis is much more than just examining Harmony Gold Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Harmony Gold Mining is a good investment. Please check the relationship between Harmony Gold Common Stock and its Net Tangible Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harmony Gold Mining. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
Common Stock vs Net Tangible Assets
Common Stock vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Harmony Gold Mining Common Stock account and Net Tangible Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between Harmony Gold's Common Stock and Net Tangible Assets is 0.38. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Harmony Gold Mining, assuming nothing else is changed. The correlation between historical values of Harmony Gold's Common Stock and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Harmony Gold Mining are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Common Stock i.e., Harmony Gold's Common Stock and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.38 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Common Stock
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Most indicators from Harmony Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Harmony Gold Mining 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 Harmony Gold Mining. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. At this time, Harmony Gold's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 2.1 B in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.02 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 1.2B | 1.8B | 2.1B | 1.1B | Cost Of Revenue | 41.9B | 39.5B | 45.5B | 47.7B |
Harmony Gold fundamental ratios Correlations
Click cells to compare fundamentals
Harmony Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Harmony Gold fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 44.7B | 49.5B | 46.8B | 57.2B | 65.8B | 35.5B | |
Short Long Term Debt Total | 7.7B | 3.4B | 3.2B | 5.7B | 6.5B | 6.9B | |
Other Current Liab | 4.1B | 381M | 147M | 1.2B | 1.4B | 960.7M | |
Total Current Liabilities | 7.6B | 5.8B | 5.0B | 6.9B | 7.9B | 8.3B | |
Total Stockholder Equity | 23.4B | 31.6B | 30.0B | 34.8B | 40.0B | 24.5B | |
Property Plant And Equipment Net | 29.2B | 34.4B | 32.9B | 41.5B | 47.7B | 26.5B | |
Retained Earnings | (12.6B) | (7.7B) | (9.6B) | (5.0B) | (4.5B) | (4.7B) | |
Accounts Payable | 3.0B | 4.6B | 4.5B | 5.2B | 6.0B | 6.3B | |
Cash | 6.4B | 2.8B | 2.4B | 2.9B | 3.3B | 3.5B | |
Non Current Assets Total | 34.5B | 40.9B | 39.3B | 48.6B | 55.8B | 30.7B | |
Non Currrent Assets Other | 4.1B | 5.9B | 6.1B | 6.7B | 7.7B | 8.1B | |
Cash And Short Term Investments | 6.4B | 2.8B | 2.4B | 2.9B | 3.3B | 1.9B | |
Net Receivables | 1.3B | 1.7B | 1.7B | 2.4B | 2.8B | 2.9B | |
Common Stock Shares Outstanding | 523.8M | 535.3M | 616.4M | 614.6M | 706.8M | 412.3M | |
Liabilities And Stockholders Equity | 44.7B | 49.5B | 46.8B | 57.2B | 65.8B | 35.5B | |
Non Current Liabilities Total | 13.8B | 12.1B | 11.7B | 15.5B | 17.8B | 18.7B | |
Inventory | 2.4B | 2.5B | 2.8B | 3.3B | 3.8B | 3.9B | |
Other Current Assets | 80M | 1.5B | 546M | 151M | 173.7M | 327.2M | |
Other Stockholder Equity | (5.6M) | (1.0) | 6.7B | 6.8B | 6.1B | 6.2B | |
Total Liab | 21.3B | 17.8B | 16.7B | 22.4B | 25.7B | 27.0B | |
Total Current Assets | 10.2B | 8.6B | 7.5B | 8.7B | 10.0B | 10.5B | |
Accumulated Other Comprehensive Income | 3.0B | 6.4B | 6.7B | 6.8B | 7.8B | 8.2B | |
Common Stock | 56.8B | 29.7B | 32.9B | 32.9B | 37.9B | 22.4B | |
Net Debt | 1.4B | 542M | 757M | 2.8B | 3.3B | 1.6B | |
Other Liab | 6.2B | 8.9B | 8.5B | 9.9B | 11.4B | 12.0B | |
Other Assets | 4.6B | 6.1B | 6.3B | 6.6B | 7.6B | 7.9B | |
Long Term Debt | 7.5B | 3.0B | 3.2B | 5.6B | 6.4B | 6.8B | |
Short Term Debt | 255M | 387M | 25M | 103M | 92.7M | 88.1M | |
Property Plant Equipment | 29.2B | 34.4B | 32.9B | 41.5B | 47.7B | 50.1B | |
Common Stock Total Equity | 56.8B | 29.6B | 32.9B | 32.9B | 37.9B | 30.1B | |
Property Plant And Equipment Gross | 29.2B | 34.4B | 80.1B | 92.4B | 106.2B | 111.5B | |
Intangible Assets | 921.7K | 32M | 48M | 33M | 29.7M | 28.2M | |
Net Tangible Assets | 22.8B | 31.3B | 30.0B | 34.7B | 39.9B | 23.7B | |
Long Term Investments | 212M | 126M | 125M | 111M | 127.7M | 136.0M | |
Short Long Term Debt | 6M | 15M | 87M | 25M | 22.5M | 21.4M | |
Long Term Debt Total | 7.5B | 3.1B | 3.2B | 5.6B | 6.4B | 4.4B | |
Capital Lease Obligations | 141M | 261M | 442M | 526M | 604.9M | 635.1M | |
Non Current Liabilities Other | 6M | 595M | 624M | 926M | 1.1B | 1.1B |
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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 Harmony Gold Mining offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Harmony 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 Harmony Gold Mining Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Harmony Gold Mining Stock:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harmony Gold Mining. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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When running Harmony Gold's price analysis, check to measure Harmony Gold'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 Harmony Gold is operating at the current time. Most of Harmony Gold's value examination focuses on studying past and present price action to predict the probability of Harmony Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harmony Gold's price. Additionally, you may evaluate how the addition of Harmony Gold to your portfolios can decrease your overall portfolio volatility.
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Is Harmony 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 Harmony Gold. If investors know Harmony 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 Harmony 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 2.209 | Dividend Share 2.22 | Earnings Share 0.78 | Revenue Per Share 92.841 | Quarterly Revenue Growth 0.351 |
The market value of Harmony Gold Mining is measured differently than its book value, which is the value of Harmony that is recorded on the company's balance sheet. Investors also form their own opinion of Harmony Gold's value that differs from its market value or its book value, called intrinsic value, which is Harmony 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 Harmony Gold's market value can be influenced by many factors that don't directly affect Harmony 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 Harmony Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Harmony Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harmony 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.