AZT Stock | | | CAD 0.19 0.01 5.56% |
Aztec Minerals financial indicator trend analysis is way more than just evaluating Aztec Minerals Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aztec Minerals Corp is a good investment. Please check the relationship between Aztec Minerals Property Plant Equipment and its Operating Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Aztec Minerals 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.
Property Plant Equipment vs Operating Income
Property Plant Equipment vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Aztec Minerals Corp Property Plant Equipment account and
Operating Income. At this time, the significance of the direction appears to have pay attention.
The correlation between Aztec Minerals' Property Plant Equipment and Operating Income is -0.9. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Operating Income in the same time period over historical financial statements of Aztec Minerals Corp, assuming nothing else is changed. The correlation between historical values of Aztec Minerals' Property Plant Equipment and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Aztec Minerals Corp are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Property Plant Equipment i.e., Aztec Minerals' Property Plant Equipment and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.9 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Property Plant Equipment
Operating Income
Operating Income is the amount of profit realized from Aztec Minerals Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Aztec Minerals Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most indicators from Aztec Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aztec Minerals 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Aztec Minerals 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.
Selling General Administrative is likely to climb to about 1.1
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 2.1
M in 2024.
Aztec Minerals fundamental ratios Correlations
Click cells to compare fundamentals
Aztec Minerals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aztec Minerals fundamental ratios Accounts
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