The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Dorchester Minerals Total Cash From Operating Activities account and
Gross Profit Margin. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Dorchester Minerals' Total Cash From Operating Activities and Gross Profit Margin is 0.48. Overlapping area represents the amount of variation of Total Cash From Operating Activities that can explain the historical movement of Gross Profit Margin in the same time period over historical financial statements of Dorchester Minerals LP, assuming nothing else is changed. The correlation between historical values of Dorchester Minerals' Total Cash From Operating Activities and Gross Profit Margin 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 Cash From Operating Activities of Dorchester Minerals LP are associated (or correlated) with its Gross Profit Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit Margin has no effect on the direction of Total Cash From Operating Activities i.e., Dorchester Minerals' Total Cash From Operating Activities and Gross Profit Margin go up and down completely randomly.
Correlation Coefficient | 0.48 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Most indicators from Dorchester Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dorchester Minerals 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 Dorchester Minerals LP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
At this time, Dorchester Minerals'
Selling General Administrative is relatively stable compared to the past year. As of 11/30/2024,
Enterprise Value Over EBITDA is likely to grow to 12.56, while
Sales General And Administrative To Revenue is likely to drop 0.07.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 75.4M | 138.8M | 125.3M | 131.5M | Total Revenue | 93.4M | 170.8M | 163.8M | 172.0M |
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