EDV Stock | | | 1,544 5.00 0.32% |
Endeavour Mining financial indicator trend analysis is much more than just examining Endeavour Mining Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Endeavour Mining Corp is a good investment. Please check the relationship between Endeavour Mining Gross Profit and its Reconciled Depreciation accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Endeavour Mining 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 bureau of economic analysis.
Gross Profit vs Reconciled Depreciation
Gross Profit vs Reconciled Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Endeavour Mining Corp Gross Profit account and
Reconciled Depreciation. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Endeavour Mining's Gross Profit and Reconciled Depreciation is 0.95. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of Endeavour Mining Corp, assuming nothing else is changed. The correlation between historical values of Endeavour Mining's Gross Profit and Reconciled Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Endeavour Mining Corp are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Gross Profit i.e., Endeavour Mining's Gross Profit and Reconciled Depreciation go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Endeavour Mining Corp minus its cost of goods sold. It is profit before Endeavour Mining operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Reconciled Depreciation
Most indicators from Endeavour Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Endeavour Mining 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Endeavour Mining 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 bureau of economic analysis.
At present, Endeavour Mining's
Discontinued Operations is projected to increase significantly based on the last few years of reporting.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 890.8M | 759.7M | 745.3M | 782.6M | Total Revenue | 2.8B | 2.5B | 2.1B | 2.2B |
Endeavour Mining fundamental ratios Correlations
Click cells to compare fundamentals
Endeavour Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Endeavour Mining fundamental ratios Accounts
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Other Information on Investing in Endeavour Stock
Balance Sheet is a snapshot of the
financial position of Endeavour Mining Corp at a specified time, usually calculated after every quarter, six months, or one year. Endeavour Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Endeavour Mining and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Endeavour currently owns. An asset can also be divided into two categories, current and non-current.