Empire Retained Earnings vs Net Receivables Analysis

EEE Stock   6.50  0.30  4.41%   
Empire Metals financial indicator trend analysis is much more than just examining Empire Metals Limited latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Empire Metals Limited is a good investment. Please check the relationship between Empire Metals Retained Earnings and its Net Receivables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Empire Metals Limited. 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.

Retained Earnings vs Net Receivables

Retained Earnings vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Empire Metals Limited Retained Earnings account and Net Receivables. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Empire Metals' Retained Earnings and Net Receivables is -0.28. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Empire Metals Limited, assuming nothing else is changed. The correlation between historical values of Empire Metals' Retained Earnings and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Empire Metals Limited are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Retained Earnings i.e., Empire Metals' Retained Earnings and Net Receivables go up and down completely randomly.

Correlation Coefficient

-0.28
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Net Receivables

Most indicators from Empire Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Empire Metals Limited 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 Empire Metals Limited. 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.
The current year's Selling General Administrative is expected to grow to about 1.8 M. The current year's Tax Provision is expected to grow to 2,162
 2021 2023 2024 (projected)
Reconciled Depreciation1.4K23.3K12.5K
Discontinued Operations1.8M2.0M2.1M

Empire Metals fundamental ratios Correlations

0.160.40.960.53-0.40.10.660.410.96-0.770.410.050.630.210.330.4-0.040.390.91-0.110.12-0.090.54-0.630.66
0.160.960.23-0.37-0.51-0.480.790.330.040.380.330.7-0.30.030.190.96-0.180.280.07-0.910.350.380.19-0.1-0.06
0.40.960.43-0.21-0.56-0.430.930.390.280.140.390.65-0.070.080.271.0-0.190.340.31-0.870.360.340.36-0.280.17
0.960.230.430.41-0.580.050.640.60.87-0.620.60.180.460.220.290.430.070.550.78-0.180.17-0.030.47-0.580.54
0.53-0.37-0.210.410.280.350.04-0.240.65-0.68-0.24-0.290.4-0.10.03-0.210.07-0.250.610.25-0.23-0.370.07-0.380.19
-0.4-0.51-0.56-0.580.280.31-0.55-0.95-0.14-0.14-0.95-0.550.05-0.43-0.31-0.56-0.1-0.92-0.090.5-0.36-0.42-0.380.2-0.16
0.1-0.48-0.430.050.350.31-0.31-0.230.22-0.51-0.23-0.860.35-0.32-0.49-0.43-0.41-0.30.280.46-0.92-0.96-0.28-0.340.09
0.660.790.930.640.04-0.55-0.310.420.56-0.190.420.490.270.130.340.93-0.190.380.6-0.70.330.240.55-0.490.46
0.410.330.390.6-0.24-0.95-0.230.420.170.061.00.420.040.450.320.390.140.960.07-0.250.380.350.4-0.210.21
0.960.040.280.870.65-0.140.220.560.17-0.860.17-0.10.680.040.240.28-0.050.140.950.010.0-0.250.43-0.650.65
-0.770.380.14-0.62-0.68-0.14-0.51-0.190.06-0.860.060.54-0.85-0.06-0.050.140.210.05-0.88-0.390.280.5-0.360.57-0.7
0.410.330.390.6-0.24-0.95-0.230.421.00.170.060.420.040.450.320.390.140.960.07-0.250.380.350.4-0.210.21
0.050.70.650.18-0.29-0.55-0.860.490.42-0.10.540.42-0.50.150.450.650.460.4-0.2-0.720.750.820.120.18-0.24
0.63-0.3-0.070.460.40.050.350.270.040.68-0.850.04-0.50.160.22-0.07-0.240.060.740.41-0.13-0.310.55-0.640.88
0.210.030.080.22-0.1-0.43-0.320.130.450.04-0.060.450.150.160.40.08-0.160.670.1-0.030.40.50.730.240.27
0.330.190.270.290.03-0.31-0.490.340.320.24-0.050.320.450.220.40.270.420.380.17-0.080.590.570.39-0.230.25
0.40.961.00.43-0.21-0.56-0.430.930.390.280.140.390.65-0.070.080.27-0.190.340.31-0.870.360.340.36-0.280.17
-0.04-0.18-0.190.070.07-0.1-0.41-0.190.14-0.050.210.140.46-0.24-0.160.42-0.190.07-0.280.120.420.41-0.22-0.01-0.15
0.390.280.340.55-0.25-0.92-0.30.380.960.140.050.960.40.060.670.380.340.070.07-0.210.440.450.54-0.090.25
0.910.070.310.780.61-0.090.280.60.070.95-0.880.07-0.20.740.10.170.31-0.280.07-0.05-0.11-0.310.47-0.610.67
-0.11-0.91-0.87-0.180.250.50.46-0.7-0.250.01-0.39-0.25-0.720.41-0.03-0.08-0.870.12-0.21-0.05-0.23-0.38-0.09-0.020.19
0.120.350.360.17-0.23-0.36-0.920.330.380.00.280.380.75-0.130.40.590.360.420.44-0.11-0.230.90.420.220.1
-0.090.380.34-0.03-0.37-0.42-0.960.240.35-0.250.50.350.82-0.310.50.570.340.410.45-0.31-0.380.90.350.37-0.07
0.540.190.360.470.07-0.38-0.280.550.40.43-0.360.40.120.550.730.390.36-0.220.540.47-0.090.420.35-0.260.76
-0.63-0.1-0.28-0.58-0.380.2-0.34-0.49-0.21-0.650.57-0.210.18-0.640.24-0.23-0.28-0.01-0.09-0.61-0.020.220.37-0.26-0.65
0.66-0.060.170.540.19-0.160.090.460.210.65-0.70.21-0.240.880.270.250.17-0.150.250.670.190.1-0.070.76-0.65
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Empire Metals Account Relationship Matchups

Empire Metals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets236.7K3.5M4.2M4.9M7.7M5.9M
Other Current Liab35.3K38.0K37.9K43.0K410.9K431.5K
Total Current Liabilities91.2K82.3K124.5K110.3K751.7K789.3K
Total Stockholder Equity145.5K3.4M4.1M4.8M7.0M4.7M
Property Plant And Equipment Net17.9K33.1K2.0M3.3M28.4K27.0K
Net Debt(50.8K)(2.3M)(2.2M)(1.5M)(2.8M)(2.7M)
Retained Earnings(20.4M)(21.0M)(21.4M)(22.4M)(24.9M)(23.7M)
Accounts Payable55.9K44.3K86.7K67.3K319.4K335.3K
Cash50.8K2.3M2.2M1.5M2.9M1.6M
Non Current Assets Total17.9K33.1K2.0M3.3M4.6M2.9M
Non Currrent Assets Other0.0(31.67)(2.0K)(3.3K)1.7M1.8M
Cash And Short Term Investments50.8K2.3M2.2M1.5M2.9M1.6M
Common Stock Shares Outstanding126.4M209.4M331.5M398.5M498.1M523.0M
Liabilities And Stockholders Equity236.7K3.5M4.2M4.9M7.7M5.9M
Non Current Liabilities Total278.5K110.2K55.9K44.3K86.7K0.0
Other Current Assets58.8K1.0M84.3K69.7K211.1K212.2K
Other Stockholder Equity(18.7M)43.1M43.8M45.5M31.9M21.4M
Total Liab91.2K82.3K124.5K110.3K751.7K789.3K
Property Plant And Equipment Gross17.9K33.1K2.0M3.4M87.9K83.5K
Total Current Assets218.8K3.4M2.3M1.5M3.1M1.9M
Accumulated Other Comprehensive Income138.0K152.8K520.3K448.3K811.6K852.2K
Net Tangible Assets145.5K3.4M2.2M1.4M1.6M1.7M
Net Receivables109.2K277.6K2.9K51.5K181.0K131.6K
Property Plant Equipment34.0K17.9K1.4K1.3K1.2K1.1K
Net Invested Capital145.5K3.4M4.1M4.8M7.0M4.6M
Net Working Capital127.6K3.4M2.2M1.4M2.3M1.9M

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Other Information on Investing in Empire Stock

Balance Sheet is a snapshot of the financial position of Empire Metals Limited at a specified time, usually calculated after every quarter, six months, or one year. Empire Metals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Empire Metals 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 Empire currently owns. An asset can also be divided into two categories, current and non-current.