TRX Ptb Ratio vs Days Sales Outstanding Analysis

TNX Stock

CAD 42.89 0.47 1.08%

TRX Gold financial indicator trend analysis is much more than just breaking down TRX Gold Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TRX Gold Corp is a good investment. Please check the relationship between TRX Gold Ptb Ratio and its Days Sales Outstanding accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TRX Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Ptb Ratio vs Days Sales Outstanding

Ptb Ratio vs Days Sales Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TRX Gold Corp Ptb Ratio account and Days Sales Outstanding. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between TRX Gold's Ptb Ratio and Days Sales Outstanding is 0.46. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of TRX Gold Corp, assuming nothing else is changed. The correlation between historical values of TRX Gold's Ptb Ratio 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 Ptb Ratio of TRX 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 Ptb Ratio i.e., TRX Gold's Ptb Ratio and Days Sales Outstanding go up and down completely randomly.

Correlation Coefficient

0.46

Relationship Direction	Positive
Relationship Strength	Weak

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Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Days Sales Outstanding

Most indicators from TRX Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TRX 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 World Market Map to better understand how to build diversified portfolios, which includes a position in TRX Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, TRX Gold's Selling General Administrative is very stable compared to the past year. As of the 7th of June 2024, Tax Provision is likely to grow to about 6.4 M, while Issuance Of Capital Stock is likely to drop about 120.2 K.

TRX Gold fundamental ratios Correlations

	Total Assets	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 Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Non Current Liabilities Total	Short Term Investments	Short Long Term Debt Total	Inventory	Common Stock Total Equity	Common Stock	Net Tangible Assets
Total Assets		0.48	0.73	0.73	0.94	-0.48	-0.56	0.81	0.38	0.96	-0.17	0.4	0.84	0.83	0.44	0.02	0.77	0.94	0.78	0.48	-0.55	0.46	0.85	0.56	0.77	0.15
Other Current Liab	0.48		0.47	0.48	0.37	-0.41	-0.39	0.23	0.38	0.4	-0.15	0.38	0.44	0.45	0.4	0.08	0.44	0.35	0.5	0.12	-0.29	0.17	0.43	0.41	0.53	0.27
Total Current Liabilities	0.73	0.47		0.24	0.71	0.0	-0.75	0.91	-0.04	0.75	-0.47	-0.01	0.83	0.86	0.33	-0.32	0.95	0.78	0.47	0.34	-0.42	0.8	0.85	0.68	0.74	-0.33
Total Stockholder Equity	0.73	0.48	0.24		0.71	-0.59	-0.36	0.31	0.55	0.69	0.17	0.57	0.42	0.44	0.52	0.13	0.28	0.65	0.6	0.21	-0.54	0.05	0.42	0.47	0.7	0.6
Property Plant And Equipment Net	0.94	0.37	0.71	0.71		-0.22	-0.61	0.76	0.15	0.99	0.05	0.17	0.71	0.71	0.36	-0.13	0.72	0.98	0.53	0.38	-0.69	0.49	0.71	0.5	0.72	0.02
Net Debt	-0.48	-0.41	0.0	-0.59	-0.22		0.04	-0.14	-0.94	-0.24	0.25	-0.94	-0.33	-0.39	-0.46	-0.54	-0.11	-0.2	-0.87	-0.33	0.09	0.16	-0.35	-0.27	-0.35	-0.61
Retained Earnings	-0.56	-0.39	-0.75	-0.36	-0.61	0.04		-0.65	-0.11	-0.57	0.35	-0.12	-0.5	-0.73	-0.49	0.29	-0.73	-0.68	-0.36	-0.28	0.76	-0.84	-0.52	-0.86	-0.82	0.32
Accounts Payable	0.81	0.23	0.91	0.31	0.76	-0.14	-0.65		0.06	0.8	-0.5	0.09	0.88	0.9	0.36	-0.2	0.91	0.82	0.58	0.47	-0.36	0.73	0.92	0.66	0.73	-0.25
Cash	0.38	0.38	-0.04	0.55	0.15	-0.94	-0.11	0.06		0.14	-0.14	1.0	0.16	0.28	0.43	0.67	0.13	0.14	0.8	0.47	-0.2	-0.06	0.19	0.3	0.34	0.48
Non Current Assets Total	0.96	0.4	0.75	0.69	0.99	-0.24	-0.57	0.8	0.14		-0.03	0.16	0.78	0.75	0.36	-0.14	0.75	0.98	0.57	0.38	-0.6	0.48	0.79	0.49	0.73	0.06
Non Currrent Assets Other	-0.17	-0.15	-0.47	0.17	0.05	0.25	0.35	-0.5	-0.14	-0.03		-0.16	-0.58	-0.65	-0.24	0.21	-0.4	-0.08	-0.44	-0.04	-0.18	-0.4	-0.58	-0.59	-0.4	0.15
Cash And Short Term Investments	0.4	0.38	-0.01	0.57	0.17	-0.94	-0.12	0.09	1.0	0.16	-0.16		0.19	0.31	0.44	0.66	0.15	0.17	0.82	0.47	-0.21	-0.04	0.22	0.33	0.37	0.48
Net Receivables	0.84	0.44	0.83	0.42	0.71	-0.33	-0.5	0.88	0.16	0.78	-0.58	0.19		0.91	0.27	-0.2	0.78	0.76	0.7	0.31	-0.21	0.49	0.98	0.61	0.71	0.04
Common Stock Shares Outstanding	0.83	0.45	0.86	0.44	0.71	-0.39	-0.73	0.9	0.28	0.75	-0.65	0.31	0.91		0.53	-0.2	0.83	0.78	0.75	0.35	-0.4	0.68	0.93	0.81	0.85	-0.05
Other Current Assets	0.44	0.4	0.33	0.52	0.36	-0.46	-0.49	0.36	0.43	0.36	-0.24	0.44	0.27	0.53		-0.06	0.31	0.33	0.48	0.09	-0.28	0.37	0.36	0.54	0.65	0.27
Other Stockholder Equity	0.02	0.08	-0.32	0.13	-0.13	-0.54	0.29	-0.2	0.67	-0.14	0.21	0.66	-0.2	-0.2	-0.06		-0.03	-0.16	0.38	0.66	0.07	-0.23	-0.15	-0.22	-0.18	0.25
Total Liab	0.77	0.44	0.95	0.28	0.72	-0.11	-0.73	0.91	0.13	0.75	-0.4	0.15	0.78	0.83	0.31	-0.03		0.78	0.57	0.63	-0.46	0.82	0.83	0.65	0.72	-0.34
Property Plant And Equipment Gross	0.94	0.35	0.78	0.65	0.98	-0.2	-0.68	0.82	0.14	0.98	-0.08	0.17	0.76	0.78	0.33	-0.16	0.78		0.56	0.39	-0.72	0.57	0.76	0.59	0.76	-0.08
Total Current Assets	0.78	0.5	0.47	0.6	0.53	-0.87	-0.36	0.58	0.8	0.57	-0.44	0.82	0.7	0.75	0.48	0.38	0.57	0.56		0.55	-0.26	0.26	0.72	0.53	0.63	0.33
Non Current Liabilities Total	0.48	0.12	0.34	0.21	0.38	-0.33	-0.28	0.47	0.47	0.38	-0.04	0.47	0.31	0.35	0.09	0.66	0.63	0.39	0.55		-0.27	0.45	0.38	0.22	0.29	-0.15
Short Term Investments	-0.55	-0.29	-0.42	-0.54	-0.69	0.09	0.76	-0.36	-0.2	-0.6	-0.18	-0.21	-0.21	-0.4	-0.28	0.07	-0.46	-0.72	-0.26	-0.27		-0.49	-0.2	-0.54	-0.58	0.25
Short Long Term Debt Total	0.46	0.17	0.8	0.05	0.49	0.16	-0.84	0.73	-0.06	0.48	-0.4	-0.04	0.49	0.68	0.37	-0.23	0.82	0.57	0.26	0.45	-0.49		0.53	0.68	0.64	-0.54
Inventory	0.85	0.43	0.85	0.42	0.71	-0.35	-0.52	0.92	0.19	0.79	-0.58	0.22	0.98	0.93	0.36	-0.15	0.83	0.76	0.72	0.38	-0.2	0.53		0.63	0.74	0.04
Common Stock Total Equity	0.56	0.41	0.68	0.47	0.5	-0.27	-0.86	0.66	0.3	0.49	-0.59	0.33	0.61	0.81	0.54	-0.22	0.65	0.59	0.53	0.22	-0.54	0.68	0.63		0.93	-0.06
Common Stock	0.77	0.53	0.74	0.7	0.72	-0.35	-0.82	0.73	0.34	0.73	-0.4	0.37	0.71	0.85	0.65	-0.18	0.72	0.76	0.63	0.29	-0.58	0.64	0.74	0.93		0.13
Net Tangible Assets	0.15	0.27	-0.33	0.6	0.02	-0.61	0.32	-0.25	0.48	0.06	0.15	0.48	0.04	-0.05	0.27	0.25	-0.34	-0.08	0.33	-0.15	0.25	-0.54	0.04	-0.06	0.13

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TRX Gold Account Relationship Matchups

TRX Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	38.1M	56.5M	71.8M	84.2M	96.8M	101.7M
Other Current Liab	550.4K	2.1M	9.8M	3.5M	4.1M	2.4M
Total Current Liabilities	10.6M	7.4M	17.3M	17.8M	20.5M	21.5M
Total Stockholder Equity	25.1M	48.0M	48.8M	53.9M	62.0M	34.2M
Property Plant And Equipment Net	32.7M	41.1M	51.6M	64.1M	73.7M	77.4M
Net Debt	2.7M	1.1M	(13.4M)	(8.5M)	(7.6M)	(7.2M)
Retained Earnings	(113.9M)	(117.5M)	(123.7M)	(121.4M)	(109.3M)	(103.8M)
Accounts Payable	4.9M	5.3M	5.6M	11.6M	13.3M	14.0M
Cash	4.0M	13.4M	8.5M	7.6M	8.8M	5.2M
Non Current Assets Total	32.7M	41.1M	56.0M	67.0M	77.1M	80.9M
Non Currrent Assets Other	51.9M	391.2K	4.4M	2.9M	3.4M	3.2M
Cash And Short Term Investments	2.5M	4.0M	13.4M	8.5M	9.7M	5.2M
Net Receivables	546.0K	460K	2.5M	3.1M	3.6M	3.8M
Common Stock Shares Outstanding	166.5M	232.2M	267.0M	277.6M	319.3M	335.2M
Liabilities And Stockholders Equity	28.5M	38.1M	56.5M	71.8M	82.6M	86.8M
Other Current Assets	50.8K	26.9K	332K	155K	178.3K	109.5K
Other Stockholder Equity	7.0M	3.4M	7.3M	8.5M	7.7M	7.3M
Total Liab	13.2M	10.1M	20.7M	23.1M	26.6M	27.9M
Property Plant And Equipment Gross	42.8M	42.9M	53.9M	68.1M	78.3M	82.2M
Total Current Assets	5.4M	15.4M	15.9M	17.2M	19.8M	20.8M
Non Current Liabilities Total	2.7M	2.7M	3.4M	5.3M	6.1M	6.4M
Inventory	724.7K	1.2M	3.6M	5.0M	5.7M	6.0M
Common Stock	106.4M	136.4M	158.1M	163.9M	188.5M	136.6M
Net Tangible Assets	17.8M	32.8M	48.0M	48.8M	43.9M	30.6M
Property Plant Equipment	33.5M	42.8M	41.1M	51.6M	46.5M	37.4M
Other Liab	5.2M	3.5M	2.7M	3.4M	4.0M	3.8M
Capital Lease Obligations	78.8K	88.2K	0.0	101K	90.9K	87.1K
Net Invested Capital	39.5M	48.0M	48.8M	53.9M	62.0M	46.7M
Net Working Capital	(6.8M)	8.0M	(1.4M)	(617K)	(709.6K)	(745.0K)
Capital Stock	136.4M	158.1M	163.9M	164.8M	189.5M	151.7M

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Other Information on Investing in TRX Stock

Balance Sheet is a snapshot of the financial position of TRX Gold Corp at a specified time, usually calculated after every quarter, six months, or one year. TRX Gold Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of TRX Gold and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which TRX currently owns. An asset can also be divided into two categories, current and non-current.

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TRX Ptb Ratio vs Days Sales Outstanding Analysis

Ptb Ratio vs Days Sales Outstanding

Ptb Ratio vs Days Sales Outstanding Correlation Analysis

Correlation Coefficient

Ptb Ratio

Days Sales Outstanding

TRX Gold fundamental ratios Correlations

TRX Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

TRX Gold fundamental ratios Accounts

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Other Information on Investing in TRX Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 0.98	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 0.98	Non Current Assets Total
Inventory	+ 0.98	Net Receivables
Non Current Assets Total	+ 0.96	Total Assets

Cash And Short Term Investments	- 0.94	Net Debt
Cash	- 0.94	Net Debt
Total Current Assets	- 0.87	Net Debt
Common Stock Total Equity	- 0.86	Retained Earnings
Short Long Term Debt Total	- 0.84	Retained Earnings
Common Stock	- 0.82	Retained Earnings