Desert Property Plant And Equipment Net vs Common Stock Shares Outstanding Analysis

DME Stock  CAD 0.27  0.01  3.57%   
Desert Mountain financial indicator trend analysis is much more than just examining Desert Mountain Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Desert Mountain Energy is a good investment. Please check the relationship between Desert Mountain Property Plant And Equipment Net and its Common Stock Shares Outstanding accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Desert Mountain Energy. 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 And Equipment Net vs Common Stock Shares Outstanding

Property Plant And Equipment Net vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Desert Mountain Energy Property Plant And Equipment Net account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Desert Mountain's Property Plant And Equipment Net and Common Stock Shares Outstanding is 0.94. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Desert Mountain Energy, assuming nothing else is changed. The correlation between historical values of Desert Mountain's Property Plant And Equipment Net and Common Stock Shares 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 Property Plant And Equipment Net of Desert Mountain Energy are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Property Plant And Equipment Net i.e., Desert Mountain's Property Plant And Equipment Net and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Desert Mountain's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Desert Mountain Energy 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Desert Mountain Energy. 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, Desert Mountain's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 25.5 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 3.03 in 2024.

Desert Mountain fundamental ratios Correlations

-0.250.671.00.960.970.940.97-0.510.940.890.8-0.28-0.920.730.320.760.69-0.260.880.060.950.970.020.91.0
-0.250.13-0.27-0.23-0.22-0.21-0.270.38-0.14-0.06-0.270.230.2-0.19-0.24-0.310.52-0.03-0.16-0.55-0.27-0.3-0.03-0.18-0.26
0.670.130.680.780.650.420.69-0.380.560.610.52-0.26-0.690.940.290.470.69-0.180.4-0.10.740.720.660.430.68
1.0-0.270.680.960.950.920.98-0.510.910.870.83-0.33-0.920.740.380.790.68-0.270.850.060.940.980.040.870.99
0.96-0.230.780.960.970.860.94-0.530.920.920.68-0.16-0.90.840.20.630.68-0.260.840.010.970.930.210.860.97
0.97-0.220.650.950.970.950.93-0.520.980.960.63-0.04-0.890.70.080.580.69-0.230.940.020.950.890.00.960.97
0.94-0.210.420.920.860.950.89-0.460.970.90.66-0.06-0.830.470.110.620.66-0.210.970.050.860.84-0.30.980.93
0.97-0.270.690.980.940.930.89-0.550.880.820.82-0.33-0.960.740.380.780.65-0.190.820.180.960.970.060.840.97
-0.510.38-0.38-0.51-0.53-0.52-0.46-0.55-0.5-0.38-0.350.090.46-0.53-0.11-0.36-0.17-0.39-0.47-0.47-0.64-0.52-0.09-0.47-0.55
0.94-0.140.560.910.920.980.970.88-0.50.960.560.06-0.850.59-0.020.510.72-0.190.980.020.910.83-0.140.990.94
0.89-0.060.610.870.920.960.90.82-0.380.960.480.12-0.790.61-0.080.420.72-0.260.92-0.220.860.78-0.050.940.89
0.8-0.270.520.830.680.630.660.82-0.350.560.48-0.78-0.740.580.810.990.49-0.270.490.130.670.890.050.520.79
-0.280.23-0.26-0.33-0.16-0.04-0.06-0.330.090.060.12-0.780.25-0.33-1.0-0.82-0.070.190.16-0.15-0.15-0.47-0.260.12-0.26
-0.920.2-0.69-0.92-0.9-0.89-0.83-0.960.46-0.85-0.79-0.740.25-0.7-0.28-0.68-0.640.16-0.79-0.19-0.91-0.91-0.07-0.8-0.92
0.73-0.190.940.740.840.70.470.74-0.530.590.610.58-0.33-0.70.360.560.51-0.170.440.080.810.790.680.470.74
0.32-0.240.290.380.20.080.110.38-0.11-0.02-0.080.81-1.0-0.280.360.850.1-0.2-0.110.140.20.510.24-0.070.31
0.76-0.310.470.790.630.580.620.78-0.360.510.420.99-0.82-0.680.560.850.43-0.260.430.160.630.870.050.470.75
0.690.520.690.680.680.690.660.65-0.170.720.720.49-0.07-0.640.510.10.43-0.290.65-0.310.630.640.020.660.68
-0.26-0.03-0.18-0.27-0.26-0.23-0.21-0.19-0.39-0.19-0.26-0.270.190.16-0.17-0.2-0.26-0.29-0.160.33-0.16-0.27-0.09-0.18-0.23
0.88-0.160.40.850.840.940.970.82-0.470.980.920.490.16-0.790.44-0.110.430.65-0.160.060.840.75-0.311.00.88
0.06-0.55-0.10.060.010.020.050.18-0.470.02-0.220.13-0.15-0.190.080.140.16-0.310.330.060.170.13-0.020.030.09
0.95-0.270.740.940.970.950.860.96-0.640.910.860.67-0.15-0.910.810.20.630.63-0.160.840.170.920.160.860.95
0.97-0.30.720.980.930.890.840.97-0.520.830.780.89-0.47-0.910.790.510.870.64-0.270.750.130.920.150.770.97
0.02-0.030.660.040.210.0-0.30.06-0.09-0.14-0.050.05-0.26-0.070.680.240.050.02-0.09-0.31-0.020.160.15-0.280.03
0.9-0.180.430.870.860.960.980.84-0.470.990.940.520.12-0.80.47-0.070.470.66-0.181.00.030.860.77-0.280.9
1.0-0.260.680.990.970.970.930.97-0.550.940.890.79-0.26-0.920.740.310.750.68-0.230.880.090.950.970.030.9
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Desert Mountain Account Relationship Matchups

Desert Mountain fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets13.5M34.5M40.0M59.4M68.4M71.8M
Other Current Liab15.8K14.6K23.4K37.8K34.0K32.3K
Total Current Liabilities75.7K516.9K2.3M956.3K1.1M1.2M
Total Stockholder Equity13.5M33.9M37.3M50.8M58.4M61.3M
Property Plant And Equipment Net2.7M7.3M25.5M25.5M29.3M30.7M
Non Current Assets Total2.8M7.4M26.7M45.9M52.8M55.4M
Non Currrent Assets Other2.7M6.8M1.1M19.6M22.6M23.7M
Common Stock Shares Outstanding42.0M63.8M73.7M84.3M96.9M101.8M
Liabilities And Stockholders Equity13.5M34.5M40.0M59.4M68.4M71.8M
Other Stockholder Equity1.7M11.3M8.5M(6K)(6.9K)(6.6K)
Total Liab75.7K666.9K2.7M8.7M10.0M10.5M
Net Receivables11.1K18.9K412.5K843.4K969.9K1.0M
Total Current Assets10.7M27.1M13.4M13.6M15.6M16.4M
Net Debt(10.1M)(26.6M)(12.2M)(2.1M)(1.9M)(2.0M)
Retained Earnings(21.0M)(28.9M)(36.5M)(48.1M)(43.3M)(41.1M)
Accounts Payable60.0K502.3K2.3M918.5K1.1M1.1M
Cash10.1M26.6M12.2M2.1M2.4M3.9M
Cash And Short Term Investments10.6M26.8M12.5M12.1M13.9M14.6M
Other Current Assets115.7K301.4K428.9K635.4K730.7K767.2K
Short Term Investments519.8K204.8K291.4K10M11.5M12.1M
Accumulated Other Comprehensive Income11.3M8.5M12.2M18.1M20.8M21.8M
Net Tangible Assets2.1M13.5M33.8M37.3M42.9M45.1M
Other Assets66.8K63.5K1.2M1.01.151.09
Common Stock23.2M54.3M61.6M80.8M92.9M97.5M
Property Plant Equipment1.2M2.7M7.3M25.5M29.3M30.8M
Net Invested Capital13.5M33.9M37.3M50.8M58.4M61.3M
Long Term Investments66.8K63.5K68.7K101.8K91.7K56.9K
Net Working Capital10.7M26.6M11.0M12.6M14.5M9.9M
Capital Stock23.2M54.3M61.6M80.8M92.9M47.5M

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