Diamcor Accounts Payable vs Retained Earnings Analysis

DMI Stock  CAD 0.03  0.01  25.00%   
Diamcor Mining financial indicator trend analysis is much more than just examining Diamcor Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Diamcor Mining is a good investment. Please check the relationship between Diamcor Mining Accounts Payable and its Retained Earnings accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diamcor 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 board of governors.

Accounts Payable vs Retained Earnings

Accounts Payable vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Diamcor Mining Accounts Payable account and Retained Earnings. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Diamcor Mining's Accounts Payable and Retained Earnings is -0.5. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Diamcor Mining, assuming nothing else is changed. The correlation between historical values of Diamcor Mining's Accounts Payable and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Diamcor Mining are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Accounts Payable i.e., Diamcor Mining's Accounts Payable and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.5
Relationship DirectionNegative 
Relationship StrengthVery Weak

Accounts Payable

An accounting item on the balance sheet that represents Diamcor Mining obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Diamcor Mining are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Diamcor Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Diamcor 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diamcor 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 board of governors.
Tax Provision is expected to grow at the current pace this year, whereas Selling General Administrative is likely to drop slightly above 1.7 M in 2024.
 2021 2022 2023 2024 (projected)
Total Revenue5.8M7.2M1.1M1.1M
Depreciation And Amortization772.0K560.6K644.7K540.7K

Diamcor Mining fundamental ratios Correlations

0.490.060.680.960.0-0.210.440.410.950.420.410.42-0.020.310.570.380.630.020.44-0.130.440.130.20.340.15
0.49-0.380.310.39-0.240.26-0.040.630.360.490.610.34-0.310.130.70.020.58-0.07-0.26-0.470.520.3-0.340.36-0.19
0.06-0.38-0.310.140.63-0.940.55-0.470.190.11-0.48-0.070.92-0.07-0.080.73-0.390.670.190.97-0.250.230.75-0.230.62
0.680.31-0.310.69-0.610.180.280.180.70.270.180.33-0.340.120.11-0.360.38-0.670.42-0.44-0.12-0.210.210.630.18
0.960.390.140.690.08-0.270.460.161.00.40.170.40.020.30.420.390.40.00.47-0.050.350.090.360.370.28
0.0-0.240.63-0.610.08-0.570.2-0.240.07-0.05-0.2-0.20.490.180.130.85-0.280.81-0.050.590.410.160.19-0.450.1
-0.210.26-0.940.18-0.27-0.57-0.50.37-0.32-0.140.40.02-0.940.0-0.05-0.760.24-0.66-0.34-0.910.14-0.22-0.770.24-0.55
0.44-0.040.550.280.460.2-0.5-0.080.490.49-0.060.260.38-0.170.00.360.030.10.170.36-0.190.020.590.50.71
0.410.63-0.470.180.16-0.240.37-0.080.120.150.990.21-0.40.190.77-0.020.93-0.02-0.21-0.530.570.24-0.590.04-0.47
0.950.360.190.71.00.07-0.320.490.120.410.120.390.070.290.390.40.36-0.010.5-0.010.30.080.420.370.32
0.420.490.110.270.4-0.05-0.140.490.150.410.12-0.060.07-0.430.230.170.220.150.240.030.09-0.010.120.580.35
0.410.61-0.480.180.17-0.20.4-0.060.990.120.120.21-0.440.220.77-0.030.91-0.05-0.25-0.560.590.21-0.60.06-0.47
0.420.34-0.070.330.4-0.20.020.260.210.39-0.060.21-0.10.310.110.070.34-0.21-0.08-0.20.160.20.060.130.05
-0.02-0.310.92-0.340.020.49-0.940.38-0.40.070.07-0.44-0.1-0.02-0.060.65-0.320.660.260.94-0.260.290.67-0.310.51
0.310.13-0.070.120.30.180.0-0.170.190.29-0.430.220.31-0.020.250.230.25-0.010.03-0.150.410.35-0.06-0.33-0.15
0.570.7-0.080.110.420.13-0.050.00.770.390.230.770.11-0.060.250.380.720.29-0.18-0.180.650.48-0.23-0.02-0.22
0.380.020.73-0.360.390.85-0.760.36-0.020.40.17-0.030.070.650.230.380.050.880.170.650.480.370.35-0.350.23
0.630.58-0.390.380.4-0.280.240.030.930.360.220.910.34-0.320.250.720.05-0.040.11-0.480.560.19-0.440.08-0.38
0.02-0.070.67-0.670.00.81-0.660.1-0.02-0.010.15-0.05-0.210.66-0.010.290.88-0.040.060.70.390.340.13-0.530.05
0.44-0.260.190.420.47-0.05-0.340.17-0.210.50.24-0.25-0.080.260.03-0.180.170.110.060.19-0.03-0.230.350.050.19
-0.13-0.470.97-0.44-0.050.59-0.910.36-0.53-0.010.03-0.56-0.20.94-0.15-0.180.65-0.480.70.19-0.320.20.68-0.360.53
0.440.52-0.25-0.120.350.410.14-0.190.570.30.090.590.16-0.260.410.650.480.560.39-0.03-0.320.21-0.49-0.19-0.48
0.130.30.23-0.210.090.16-0.220.020.240.08-0.010.210.20.290.350.480.370.190.34-0.230.20.210.15-0.070.34
0.2-0.340.750.210.360.19-0.770.59-0.590.420.12-0.60.060.67-0.06-0.230.35-0.440.130.350.68-0.490.150.180.85
0.340.36-0.230.630.37-0.450.240.50.040.370.580.060.13-0.31-0.33-0.02-0.350.08-0.530.05-0.36-0.19-0.070.180.44
0.15-0.190.620.180.280.1-0.550.71-0.470.320.35-0.470.050.51-0.15-0.220.23-0.380.050.190.53-0.480.340.850.44
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Diamcor Mining Account Relationship Matchups

Diamcor Mining fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets9.0M9.1M9.0M8.0M4.1M5.5M
Other Current Liab(1.0)75.2K175.0K250.2K60K57K
Total Current Liabilities7.9M6.6M8.2M7.5M10.0M10.5M
Total Stockholder Equity1.2M294.3K2.4M814.6K(5.4M)(5.1M)
Property Plant And Equipment Net7.5M7.3M6.9M5.6M3.2M3.9M
Net Debt8.1M9.9M6.6M2.7M10.8M11.4M
Retained Earnings(38.7M)(41.8M)(44.2M)(45.5M)(51.2M)(48.6M)
Accounts Payable960.8K560.9K1.2M575.0K1.4M1.4M
Cash32.1K257.1K376.3K506.6K31.2K29.6K
Non Current Assets Total8.1M7.9M7.6M6.2M3.7M4.2M
Non Currrent Assets Other(43.9K)(2.8K)72.8K596.5K560.6K287.2K
Cash And Short Term Investments32.1K257.1K376.3K31.2K35.9K34.1K
Net Receivables513.7K186.2K490.5K298.8K71.3K67.8K
Common Stock Shares Outstanding66.2M89.2M122.9M128.5M128.5M134.9M
Liabilities And Stockholders Equity9.0M9.1M9.0M4.1M4.7M5.4M
Other Current Assets31.6K37.0K107.2K11.3K12.9K12.3K
Other Stockholder Equity14.3M15.4M14.2M14.1M16.2M12.8M
Total Liab11.5M13.4M11.2M10.4M13.1M13.8M
Total Current Assets895.3K1.2M1.4M1.8M317.1K301.3K
Short Long Term Debt Total8.1M10.1M7.0M10.9M12.5M13.1M
Inventory312.4K756.8K474.9K959.1K203.4K193.2K
Accumulated Other Comprehensive Income(8.6M)(7.9M)(7.9M)(10.1M)(9.1M)(8.7M)
Short Term Debt6.8M6.0M6.8M8.4M9.6M10.1M
Non Current Liabilities Total3.6M6.8M3.1M2.9M3.2M4.0M
Other Liab938.0K694.6K739.5K688.6K791.9K623.7K
Net Tangible Assets5.7M1.2M294.3K2.4M2.2M2.9M
Other Assets723.7K622.6K666.5K669.3K769.7K697.1K
Long Term Debt1.3M4.2M248.8K60K54K51.3K
Short Long Term Debt6.8M6.0M6.8M3.2M4.6M4.7M
Common Stock34.2M34.6M40.3M41.8M48.1M34.0M
Property Plant Equipment7.0M7.5M7.3M6.9M6.2M6.1M
Net Invested Capital9.4M10.4M9.4M4.0M(758.9K)(721.0K)
Net Working Capital(7.0M)(5.4M)(6.7M)(5.7M)(9.7M)(10.1M)
Capital Stock34.2M34.6M40.3M41.8M41.8M41.6M

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