Aris Total Assets vs Property Plant Equipment Analysis
ARMN Stock | 4.10 0.13 3.27% |
Aris Mining financial indicator trend analysis is way more than just evaluating Aris Mining prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aris Mining is a good investment. Please check the relationship between Aris Mining Total Assets and its Property Plant Equipment accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aris Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. To learn how to invest in Aris Stock, please use our How to Invest in Aris Mining guide.
Total Assets vs Property Plant Equipment
Total Assets vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aris Mining Total Assets account and Property Plant Equipment. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Aris Mining's Total Assets and Property Plant Equipment is 0.84. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Aris Mining, assuming nothing else is changed. The correlation between historical values of Aris Mining's Total Assets and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Aris Mining are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Total Assets i.e., Aris Mining's Total Assets and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.84 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Assets
Total assets refers to the total amount of Aris Mining assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Aris Mining books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Property Plant Equipment
Most indicators from Aris Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aris 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Aris Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. To learn how to invest in Aris Stock, please use our How to Invest in Aris Mining guide.At this time, Aris Mining's Tax Provision is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value Over EBITDA is likely to grow to 4.21, while Selling General Administrative is likely to drop about 19.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 212.6M | 228.0M | 296.7M | 176.1M | Depreciation And Amortization | 31.3M | 33.5M | 36.5M | 22.3M |
Aris Mining fundamental ratios Correlations
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Aris Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aris Mining fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 359.4M | 650.6M | 998.4M | 1.2B | 1.4B | 1.4B | |
Other Current Liab | 47.2M | 89.2M | 11.2M | 11.7M | 32.7M | 22.5M | |
Total Current Liabilities | 86.8M | 178.4M | 64.3M | 145.3M | 134.2M | 140.9M | |
Total Stockholder Equity | 117.6M | 153.7M | 478.5M | 501.4M | 624.7M | 655.9M | |
Property Plant And Equipment Net | 207.5M | 302.6M | 455.8M | 749.1M | 938.6M | 985.6M | |
Net Debt | 8.0M | 22.6M | (5.5M) | 136.6M | 188.3M | 197.7M | |
Retained Earnings | (395.4M) | (383.2M) | (212.4M) | (221.4M) | (215.4M) | (226.2M) | |
Accounts Payable | 20.9M | 34.5M | 23.8M | 37.9M | 55.2M | 58.0M | |
Cash | 84.2M | 122.5M | 323.6M | 299.5M | 194.6M | 204.4M | |
Non Current Assets Total | 222.5M | 321.9M | 616.4M | 863.9M | 1.1B | 1.1B | |
Cash And Short Term Investments | 84.2M | 122.5M | 323.6M | 299.5M | 194.6M | 204.4M | |
Net Receivables | 15.3M | 24.2M | 80K | 48.5M | 3.5M | 3.3M | |
Common Stock Shares Outstanding | 49.5M | 60.7M | 94.9M | 108.2M | 137.1M | 143.9M | |
Liabilities And Stockholders Equity | 359.4M | 650.6M | 998.4M | 1.2B | 1.4B | 1.4B | |
Other Stockholder Equity | 176.1M | 180.5M | 177.3M | 180.7M | 181.8M | 142.3M | |
Total Liab | 241.8M | 454.3M | 519.9M | 740.7M | 728.2M | 764.6M | |
Total Current Assets | 136.9M | 328.7M | 382.0M | 378.2M | 289.1M | 303.6M | |
Short Long Term Debt Total | 92.3M | 145.2M | 318.1M | 436.1M | 382.9M | 402.1M | |
Short Term Debt | 18.7M | 14.3M | 9.9M | 69.4M | 38.8M | 34.2M | |
Non Currrent Assets Other | 4.3M | 8.8M | 14.1M | 1.2M | 15.3M | 16.1M | |
Non Current Liabilities Total | 154.9M | 275.9M | 455.5M | 595.5M | 594.0M | 623.7M | |
Inventory | 24.3M | 30.4M | 22.4M | 26.6M | 38.9M | 20.1M | |
Other Current Assets | 13.0M | 151.6M | 35.9M | 38.5M | 52.1M | 34.9M | |
Accumulated Other Comprehensive Income | (109.0M) | (115.8M) | (122.7M) | (183.1M) | (61.5M) | (64.5M) | |
Common Stock | 446.0M | 472.2M | 626.0M | 715.0M | 719.8M | 516.7M |
Pair Trading with Aris Mining
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Aris Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aris Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Aris Stock
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Moving against Aris Stock
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0.54 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
The ability to find closely correlated positions to Aris Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aris Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aris Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aris Mining to buy it.
The correlation of Aris Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aris Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aris Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Aris Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aris Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. To learn how to invest in Aris Stock, please use our How to Invest in Aris Mining guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Is Metals & Mining space 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 Aris Mining. If investors know Aris 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 Aris Mining 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 2.495 | Earnings Share (0.03) | Revenue Per Share 3.249 | Quarterly Revenue Growth 0.157 | Return On Assets 0.0422 |
The market value of Aris Mining is measured differently than its book value, which is the value of Aris that is recorded on the company's balance sheet. Investors also form their own opinion of Aris Mining's value that differs from its market value or its book value, called intrinsic value, which is Aris Mining'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 Aris Mining's market value can be influenced by many factors that don't directly affect Aris Mining'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 Aris Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aris Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aris Mining'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.