Adriatic Selling And Marketing Expenses vs Ebit Analysis

ADT1 Stock   211.50  3.50  1.68%   
Adriatic Metals financial indicator trend analysis is way more than just evaluating Adriatic Metals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Adriatic Metals is a good investment. Please check the relationship between Adriatic Metals Selling And Marketing Expenses and its Ebit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adriatic Metals. 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.

Selling And Marketing Expenses vs Ebit

Selling And Marketing Expenses vs Ebit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Adriatic Metals Selling And Marketing Expenses account and Ebit. At this time, the significance of the direction appears to have pay attention.
The correlation between Adriatic Metals' Selling And Marketing Expenses and Ebit is -0.98. Overlapping area represents the amount of variation of Selling And Marketing Expenses that can explain the historical movement of Ebit in the same time period over historical financial statements of Adriatic Metals, assuming nothing else is changed. The correlation between historical values of Adriatic Metals' Selling And Marketing Expenses and Ebit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling And Marketing Expenses of Adriatic Metals are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Selling And Marketing Expenses i.e., Adriatic Metals' Selling And Marketing Expenses and Ebit go up and down completely randomly.

Correlation Coefficient

-0.98
Relationship DirectionNegative 
Relationship StrengthSignificant

Selling And Marketing Expenses

Ebit

Most indicators from Adriatic Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Adriatic 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Adriatic Metals. 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.
Selling General Administrative is likely to gain to about 10.4 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 28.1 M in 2024.
 2020 2022 2023 2024 (projected)
Reconciled Depreciation175.2K1.3M866.1K462.1K
Cost Of Revenue236.5K1.3M866.1K482.3K

Adriatic Metals fundamental ratios Correlations

0.360.840.810.970.950.31-0.950.840.70.950.760.740.840.930.870.780.340.970.91.00.760.270.690.860.97
0.36-0.080.750.520.08-0.71-0.07-0.130.870.080.830.410.460.00.38-0.150.950.5-0.030.270.810.790.380.520.18
0.84-0.080.390.690.960.74-0.881.00.230.960.320.440.510.940.620.99-0.10.70.980.880.29-0.30.40.520.83
0.810.750.390.920.6-0.28-0.660.380.970.60.990.830.90.560.830.30.740.910.50.760.990.740.780.940.73
0.970.520.690.920.850.08-0.880.690.840.850.880.810.90.830.910.610.51.00.780.950.890.490.760.920.93
0.950.080.960.60.850.58-0.970.960.451.00.530.610.70.990.770.930.070.860.990.970.52-0.030.560.710.95
0.31-0.710.74-0.280.080.58-0.520.76-0.460.59-0.37-0.08-0.040.620.080.79-0.720.110.680.39-0.38-0.79-0.08-0.060.41
-0.95-0.07-0.88-0.66-0.88-0.97-0.52-0.9-0.5-0.97-0.57-0.69-0.78-0.98-0.82-0.83-0.06-0.89-0.95-0.97-0.58-0.1-0.64-0.78-0.99
0.84-0.131.00.380.690.960.76-0.90.220.970.30.450.520.960.630.99-0.140.70.990.880.29-0.290.410.520.85
0.70.870.230.970.840.45-0.46-0.50.220.450.990.750.810.40.740.150.850.820.340.640.990.830.70.850.59
0.950.080.960.60.851.00.59-0.970.970.450.520.610.690.990.770.930.060.860.990.970.52-0.040.560.70.95
0.760.830.320.990.880.53-0.37-0.570.30.990.520.790.860.470.780.240.810.860.420.70.990.770.740.90.65
0.740.410.440.830.810.61-0.08-0.690.450.750.610.790.890.580.930.390.450.780.530.720.790.520.980.940.71
0.840.460.510.90.90.7-0.04-0.780.520.810.690.860.890.680.930.430.530.90.620.810.870.570.830.960.82
0.930.00.940.560.830.990.62-0.980.960.40.990.470.580.680.740.91-0.030.840.990.960.48-0.040.530.680.96
0.870.380.620.830.910.770.08-0.820.630.740.770.780.930.930.740.560.460.90.70.860.790.430.90.910.84
0.78-0.150.990.30.610.930.79-0.830.990.150.930.240.390.430.910.56-0.170.620.960.820.2-0.390.350.450.77
0.340.95-0.10.740.50.07-0.72-0.06-0.140.850.060.810.450.53-0.030.46-0.170.49-0.060.250.790.780.440.520.16
0.970.50.70.911.00.860.11-0.890.70.820.860.860.780.90.840.90.620.490.790.950.870.470.730.910.94
0.9-0.030.980.50.780.990.68-0.950.990.340.990.420.530.620.990.70.96-0.060.790.940.41-0.150.480.620.92
1.00.270.880.760.950.970.39-0.970.880.640.970.70.720.810.960.860.820.250.950.940.70.190.660.830.98
0.760.810.290.990.890.52-0.38-0.580.290.990.520.990.790.870.480.790.20.790.870.410.70.810.740.90.67
0.270.79-0.30.740.49-0.03-0.79-0.1-0.290.83-0.040.770.520.57-0.040.43-0.390.780.47-0.150.190.810.50.590.22
0.690.380.40.780.760.56-0.08-0.640.410.70.560.740.980.830.530.90.350.440.730.480.660.740.50.890.66
0.860.520.520.940.920.71-0.06-0.780.520.850.70.90.940.960.680.910.450.520.910.620.830.90.590.890.82
0.970.180.830.730.930.950.41-0.990.850.590.950.650.710.820.960.840.770.160.940.920.980.670.220.660.82
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Adriatic Metals Account Relationship Matchups

Adriatic Metals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets13.2M26.9M177.2M174.7M290.9M305.4M
Other Current Liab(49.8K)(308.7K)4.4M170.2K195.8K186.0K
Total Current Liabilities221.3K852.9K5.6M7.7M76.5M80.3M
Total Stockholder Equity13.0M25.7M152.4M107.9M110.7M65.9M
Net Tangible Assets10.2M20.9M113.5M107.9M124.1M130.3M
Property Plant And Equipment Net5.4M12.6M62.5M95.3M229.6M241.0M
Net Debt(6.8M)(11.9M)(95.7M)(9.9M)95.9M100.7M
Retained Earnings(5.9M)(12.5M)(28.7M)(73.7M)(100.3M)(95.3M)
Accounts Payable134.0K574.3K526.5K2.6M13.7M14.4M
Cash6.8M12.2M112.5M60.6M44.9M38.3M
Non Current Assets Total5.9M12.6M62.5M95.3M231.2M242.8M
Cash And Short Term Investments6.8M13.8M112.5M60.6M69.7M36.7M
Common Stock Shares Outstanding162.5K185.6M245.7M282.2M292.7M171.5M
Liabilities And Stockholders Equity13.2M26.9M177.2M174.7M200.9M211.0M
Non Current Liabilities Total134.0K314.0K19.2M59.1M103.7M108.9M
Other Current Assets(291.8K)451.5K1.6M1.01.151.09
Other Stockholder Equity(7.0M)35.3M175.9M176.3M202.7M212.9M
Total Liab221.3K1.2M24.8M66.8M180.2M189.2M
Net Invested Capital10.2M20.9M125.4M150.4M251.5M264.0M
Total Current Assets7.3M14.3M114.7M79.4M59.6M44.3M
Net Working Capital5.6M10.9M80.7M71.7M(16.8M)(16.0M)
Common Stock2.5M3.0M5.3M5.4M6.2M3.6M
Property Plant Equipment4.7M10.2M47.1M95.3M109.6M115.1M

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