Wheaton Cash And Short Term Investments vs Other Current Assets Analysis
WPM Stock | USD 55.11 1.06 1.89% |
Wheaton Precious financial indicator trend analysis is more than just analyzing Wheaton Precious Metals current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wheaton Precious Metals is a good investment. Please check the relationship between Wheaton Precious Cash And Short Term Investments and its Other Current Assets accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wheaton Precious Metals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
Cash And Short Term Investments vs Other Current Assets
Cash And Short Term Investments vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wheaton Precious Metals Cash And Short Term Investments account and Other Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Wheaton Precious' Cash And Short Term Investments and Other Current Assets is -0.12. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Wheaton Precious Metals, assuming nothing else is changed. The correlation between historical values of Wheaton Precious' Cash And Short Term Investments and Other Current 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 Cash And Short Term Investments of Wheaton Precious Metals are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Cash And Short Term Investments i.e., Wheaton Precious' Cash And Short Term Investments and Other Current Assets go up and down completely randomly.
Correlation Coefficient | -0.12 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Wheaton Precious Metals balance sheet. This account contains Wheaton Precious investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Wheaton Precious Metals fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Most indicators from Wheaton Precious' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wheaton Precious Metals 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wheaton Precious Metals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. At this time, Wheaton Precious' Sales General And Administrative To Revenue is very stable compared to the past year. As of the 2nd of June 2024, Enterprise Value is likely to grow to about 7.6 B, while Selling General Administrative is likely to drop about 30.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 658.9M | 565.5M | 582.4M | 611.6M | Total Revenue | 1.2B | 1.1B | 1.0B | 532.3M |
Wheaton Precious fundamental ratios Correlations
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Wheaton Precious Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Wheaton Precious fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.3B | 6.0B | 6.3B | 6.8B | 7.0B | 7.4B | |
Total Current Liabilities | 64.7M | 31.2M | 29.7M | 30.7M | 25.9M | 40.0M | |
Total Stockholder Equity | 5.3B | 5.7B | 6.3B | 6.7B | 6.9B | 7.3B | |
Property Plant And Equipment Net | 5.8B | 5.5B | 6.0B | 5.8B | 6.1B | 3.2B | |
Net Debt | 774.8M | 6.0M | (223.2M) | (694.1M) | (537.5M) | (510.7M) | |
Accounts Payable | 11.8M | 13.0M | 13.9M | 12.6M | 13.4M | 13.8M | |
Cash | 104.0M | 192.7M | 226.0M | 696.1M | 543.7M | 570.9M | |
Non Current Assets Total | 6.1B | 5.8B | 6.0B | 6.0B | 6.4B | 6.8B | |
Non Currrent Assets Other | 4.5M | 5.0M | 6.9M | 13.0M | 15.5M | 14.7M | |
Cash And Short Term Investments | 104.0M | 192.7M | 226.0M | 696.1M | 543.7M | 570.9M | |
Net Receivables | 7.7M | 6.7M | 12.4M | 10.2M | 15.9M | 16.7M | |
Common Stock Shares Outstanding | 446.9M | 450.1M | 451.2M | 452.3M | 453.5M | 301.7M | |
Liabilities And Stockholders Equity | 6.3B | 6.0B | 6.3B | 6.8B | 7.0B | 7.4B | |
Non Current Liabilities Total | 887.4M | 211.5M | 16.3M | 11.5M | 25.4M | 24.1M | |
Inventory | 41.5M | 2.4M | 8.7M | 10.5M | 1.4M | 1.3M | |
Other Stockholder Equity | (107.1M) | 126.9M | 47.0M | 8.1M | 9.4M | 8.9M | |
Total Liab | 952.1M | 242.7M | 46.0M | 42.2M | 51.3M | 48.7M | |
Total Current Assets | 154.8M | 201.8M | 249.7M | 720.1M | 564.5M | 592.7M | |
Intangible Assets | 4.9M | 3.0M | 2.7M | 2.3M | 6.4M | 6.7M | |
Short Long Term Debt Total | 878.8M | 198.6M | 2.9M | 2.0M | 6.2M | 5.9M | |
Other Current Liab | 41.5M | 76K | 136K | 17.3M | 12.0M | 17.0M | |
Short Term Debt | 724K | 773K | 813K | 818K | 600.9K | 570.9K | |
Retained Earnings | 1.6B | 1.9B | 2.5B | 2.9B | 3.2B | 3.4B | |
Other Current Assets | 41.6M | 64K | 49K | 431K | 3.5M | 3.9M | |
Other Assets | 65.6M | 54.8M | 64.4M | 72.5M | 83.4M | 87.5M | |
Other Liab | 9.4M | 13.7M | 14.3M | 10.4M | 11.9M | 12.5M | |
Net Tangible Assets | 5.3B | 5.7B | 6.2B | 6.7B | 7.7B | 4.2B | |
Common Stock Total Equity | 3.5B | 3.5B | 3.6B | 3.6B | 4.2B | 4.4B | |
Deferred Long Term Liab | 5.2M | 5.2M | 5.6M | 5.8M | 6.6M | 7.0M | |
Long Term Investments | 310.6M | 199.9M | 61.5M | 255.5M | 246.7M | 259.0M | |
Accumulated Other Comprehensive Income | 160.7M | 126.9M | 47.0M | 66.5M | (39.9M) | (37.9M) | |
Common Stock | 3.6B | 3.6B | 3.7B | 3.8B | 3.8B | 2.2B | |
Property Plant Equipment | 5.7B | 5.5B | 5.9B | 5.7B | 6.6B | 3.4B | |
Property Plant And Equipment Gross | 5.7B | 5.5B | 8.9B | 8.3B | 8.9B | 9.4B | |
Current Deferred Revenue | 10.7M | 17.3M | 14.8M | 2.0 | 2.3 | 2.42 | |
Long Term Debt Total | 878.0M | 197.9M | 2.1M | 1.2M | 1.0M | 985.0K | |
Net Invested Capital | 6.2B | 5.9B | 6.3B | 6.7B | 7.0B | 6.9B |
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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wheaton Precious Metals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
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Is Wheaton Precious' 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 Wheaton Precious. If investors know Wheaton 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 Wheaton Precious 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 0.472 | Dividend Share 0.605 | Earnings Share 1.3 | Revenue Per Share 2.425 | Quarterly Revenue Growth 0.384 |
The market value of Wheaton Precious Metals is measured differently than its book value, which is the value of Wheaton that is recorded on the company's balance sheet. Investors also form their own opinion of Wheaton Precious' value that differs from its market value or its book value, called intrinsic value, which is Wheaton Precious' 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 Wheaton Precious' market value can be influenced by many factors that don't directly affect Wheaton Precious' 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 Wheaton Precious' value and its price as these two are different measures arrived at by different means. Investors typically determine if Wheaton Precious is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wheaton Precious' 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.