Empress Total Current Assets vs Retained Earnings Analysis

EMPR Stock  CAD 0.35  0.01  2.94%   
Empress Royalty financial indicator trend analysis is much more than just examining Empress Royalty Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Empress Royalty Corp is a good investment. Please check the relationship between Empress Royalty Total Current Assets and its Retained Earnings accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Empress Royalty 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 metropolitan statistical area.

Total Current Assets vs Retained Earnings

Total Current Assets vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Empress Royalty Corp Total Current Assets account and Retained Earnings. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Empress Royalty's Total Current Assets and Retained Earnings is -0.26. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Empress Royalty Corp, assuming nothing else is changed. The correlation between historical values of Empress Royalty's Total Current Assets 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 Total Current Assets of Empress Royalty Corp 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 Total Current Assets i.e., Empress Royalty's Total Current Assets and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.26
Relationship DirectionNegative 
Relationship StrengthInsignificant

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

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 Empress Royalty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Empress Royalty 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 Empress Royalty 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 metropolitan statistical area.
At this time, Empress Royalty's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 1.00 in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
 2010 2023 2024 (projected)
Gross Profit785.8K2.0M1.5M
Total Revenue1.8M3.5M2.9M

Empress Royalty fundamental ratios Correlations

0.761.00.991.0-0.90.33-0.951.0-0.50.670.99-0.50.971.01.00.541.0-0.910.99-0.56-0.39-0.58-0.5
0.760.760.750.76-0.820.37-0.720.76-0.420.630.76-0.420.750.760.76-0.120.76-0.680.75-0.47-0.34-0.47-0.42
1.00.760.991.0-0.890.32-0.951.0-0.50.660.99-0.50.971.01.00.541.0-0.910.99-0.55-0.39-0.57-0.5
0.990.750.990.98-0.880.32-0.890.98-0.440.650.98-0.440.940.990.990.540.99-0.881.0-0.55-0.29-0.6-0.44
1.00.761.00.98-0.880.3-0.951.0-0.480.640.99-0.480.971.01.00.551.0-0.920.98-0.54-0.38-0.55-0.48
-0.9-0.82-0.89-0.88-0.88-0.70.79-0.880.79-0.92-0.940.79-0.96-0.91-0.89-0.26-0.910.65-0.880.840.660.840.79
0.330.370.320.320.3-0.7-0.150.3-0.910.920.44-0.910.510.370.32-0.10.380.080.32-0.96-0.79-0.94-0.91
-0.95-0.72-0.95-0.89-0.950.79-0.15-0.950.43-0.52-0.930.43-0.92-0.93-0.95-0.54-0.930.96-0.890.410.420.370.43
1.00.761.00.981.0-0.880.3-0.95-0.480.640.99-0.480.971.01.00.551.0-0.920.98-0.54-0.38-0.55-0.48
-0.5-0.42-0.5-0.44-0.480.79-0.910.43-0.48-0.93-0.61.0-0.69-0.53-0.49-0.11-0.530.17-0.440.960.950.871.0
0.670.630.660.650.64-0.920.92-0.520.64-0.930.75-0.930.80.70.660.110.7-0.310.65-0.98-0.8-0.96-0.93
0.990.760.990.980.99-0.940.44-0.930.99-0.60.75-0.60.991.00.990.511.0-0.850.98-0.66-0.49-0.67-0.6
-0.5-0.42-0.5-0.44-0.480.79-0.910.43-0.481.0-0.93-0.6-0.69-0.53-0.49-0.11-0.530.17-0.440.960.950.871.0
0.970.750.970.940.97-0.960.51-0.920.97-0.690.80.99-0.690.980.970.490.98-0.810.94-0.72-0.59-0.71-0.69
1.00.761.00.991.0-0.910.37-0.931.0-0.530.71.0-0.530.981.00.531.0-0.880.99-0.6-0.4-0.62-0.53
1.00.761.00.991.0-0.890.32-0.951.0-0.490.660.99-0.490.971.00.551.0-0.910.99-0.55-0.39-0.57-0.49
0.54-0.120.540.540.55-0.26-0.1-0.540.55-0.110.110.51-0.110.490.530.550.53-0.570.54-0.14-0.07-0.16-0.11
1.00.761.00.991.0-0.910.38-0.931.0-0.530.71.0-0.530.981.01.00.53-0.880.99-0.6-0.41-0.63-0.53
-0.91-0.68-0.91-0.88-0.920.650.080.96-0.920.17-0.31-0.850.17-0.81-0.88-0.91-0.57-0.88-0.880.180.150.180.17
0.990.750.991.00.98-0.880.32-0.890.98-0.440.650.98-0.440.940.990.990.540.99-0.88-0.55-0.29-0.6-0.44
-0.56-0.47-0.55-0.55-0.540.84-0.960.41-0.540.96-0.98-0.660.96-0.72-0.6-0.55-0.14-0.60.18-0.550.830.970.96
-0.39-0.34-0.39-0.29-0.380.66-0.790.42-0.380.95-0.8-0.490.95-0.59-0.4-0.39-0.07-0.410.15-0.290.830.680.95
-0.58-0.47-0.57-0.6-0.550.84-0.940.37-0.550.87-0.96-0.670.87-0.71-0.62-0.57-0.16-0.630.18-0.60.970.680.87
-0.5-0.42-0.5-0.44-0.480.79-0.910.43-0.481.0-0.93-0.61.0-0.69-0.53-0.49-0.11-0.530.17-0.440.960.950.87
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Empress Royalty Account Relationship Matchups

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