ESSA Other Operating Expenses vs Net Income From Continuing Ops Analysis

EPIX Stock  USD 1.69  0.01  0.59%   
ESSA Pharma financial indicator trend analysis is much more than just examining ESSA Pharma latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ESSA Pharma is a good investment. Please check the relationship between ESSA Pharma Other Operating Expenses and its Net Income From Continuing Ops accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ESSA Pharma. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy ESSA Stock please use our How to Invest in ESSA Pharma guide.

Other Operating Expenses vs Net Income From Continuing Ops

Other Operating Expenses vs Net Income From Continuing Ops Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ESSA Pharma Other Operating Expenses account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have pay attention.
The correlation between ESSA Pharma's Other Operating Expenses and Net Income From Continuing Ops is -0.95. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of ESSA Pharma, assuming nothing else is changed. The correlation between historical values of ESSA Pharma's Other Operating Expenses and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of ESSA Pharma are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Other Operating Expenses i.e., ESSA Pharma's Other Operating Expenses and Net Income From Continuing Ops go up and down completely randomly.

Correlation Coefficient

-0.95
Relationship DirectionNegative 
Relationship StrengthSignificant

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of ESSA Pharma. It is also known as ESSA Pharma overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Net Income From Continuing Ops

Most indicators from ESSA Pharma's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ESSA Pharma 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 ESSA Pharma. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy ESSA Stock please use our How to Invest in ESSA Pharma guide.Selling General Administrative is likely to drop to about 7.5 M in 2024. Tax Provision is likely to drop to 1,368 in 2024

ESSA Pharma fundamental ratios Correlations

0.590.371.0-0.75-0.950.270.760.290.490.930.440.9-0.031.00.010.99-0.291.00.820.59-0.150.950.630.610.97
0.590.020.6-0.83-0.43-0.080.810.210.390.380.620.4-0.170.59-0.070.48-0.180.530.310.29-0.050.410.560.690.46
0.370.020.34-0.37-0.430.720.40.540.180.430.570.280.720.370.260.370.160.350.360.580.150.310.580.450.31
1.00.60.34-0.75-0.940.240.760.270.470.930.420.89-0.071.00.00.98-0.311.00.820.57-0.150.950.620.60.98
-0.75-0.83-0.37-0.750.57-0.12-1.0-0.23-0.3-0.7-0.63-0.480.02-0.750.05-0.640.21-0.7-0.65-0.430.07-0.55-0.76-0.72-0.59
-0.95-0.43-0.43-0.940.57-0.35-0.6-0.27-0.56-0.87-0.37-0.93-0.07-0.95-0.04-0.970.26-0.95-0.72-0.670.18-0.93-0.58-0.45-0.97
0.27-0.080.720.24-0.12-0.350.140.440.490.320.510.260.720.270.260.30.630.260.30.220.220.280.460.430.26
0.760.810.40.76-1.0-0.60.140.250.310.720.630.510.010.76-0.050.66-0.220.710.660.48-0.080.570.780.720.61
0.290.210.540.27-0.23-0.270.440.250.360.260.440.270.520.290.670.280.120.250.340.350.20.350.120.620.23
0.490.390.180.47-0.3-0.560.490.310.360.430.380.590.420.490.070.520.330.470.40.41-0.230.480.250.440.51
0.930.380.430.93-0.7-0.870.320.720.260.430.330.840.030.930.030.93-0.260.940.950.56-0.140.90.580.530.91
0.440.620.570.42-0.63-0.370.510.630.440.380.330.340.460.450.110.380.120.380.240.520.310.270.780.810.33
0.90.40.280.89-0.48-0.930.260.510.270.590.840.340.030.90.050.94-0.310.910.730.7-0.250.90.470.410.95
-0.03-0.170.72-0.070.02-0.070.720.010.520.420.030.460.03-0.030.220.00.55-0.060.030.42-0.05-0.030.160.3-0.06
1.00.590.371.0-0.75-0.950.270.760.290.490.930.450.9-0.030.010.99-0.291.00.820.59-0.150.950.630.610.97
0.01-0.070.260.00.05-0.040.26-0.050.670.070.030.110.050.220.010.030.20.010.030.020.160.030.030.10.02
0.990.480.370.98-0.64-0.970.30.660.280.520.930.380.940.00.990.03-0.280.990.810.61-0.160.970.570.541.0
-0.29-0.180.16-0.310.210.260.63-0.220.120.33-0.260.12-0.310.55-0.290.2-0.28-0.31-0.22-0.40.0-0.26-0.070.09-0.3
1.00.530.351.0-0.7-0.950.260.710.250.470.940.380.91-0.061.00.010.99-0.310.830.57-0.150.960.590.550.99
0.820.310.360.82-0.65-0.720.30.660.340.40.950.240.730.030.820.030.81-0.220.830.42-0.090.840.430.560.78
0.590.290.580.57-0.43-0.670.220.480.350.410.560.520.70.420.590.020.61-0.40.570.42-0.240.50.510.330.59
-0.15-0.050.15-0.150.070.180.22-0.080.2-0.23-0.140.31-0.25-0.05-0.150.16-0.160.0-0.15-0.09-0.24-0.160.180.31-0.18
0.950.410.310.95-0.55-0.930.280.570.350.480.90.270.9-0.030.950.030.97-0.260.960.840.5-0.160.40.540.96
0.630.560.580.62-0.76-0.580.460.780.120.250.580.780.470.160.630.030.57-0.070.590.430.510.180.40.550.53
0.610.690.450.6-0.72-0.450.430.720.620.440.530.810.410.30.610.10.540.090.550.560.330.310.540.550.47
0.970.460.310.98-0.59-0.970.260.610.230.510.910.330.95-0.060.970.021.0-0.30.990.780.59-0.180.960.530.47
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ESSA Pharma Account Relationship Matchups

ESSA Pharma fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets80.6M198.2M169.5M149.1M171.5M180.1M
Other Current Liab24.2M39.2M36.4M1.4M1.6M1.5M
Total Current Liabilities1.2M3.9M2.3M3.5M4.0M3.0M
Total Stockholder Equity79.2M194.0M167.1M145.6M167.5M175.8M
Net Debt(56.3M)(137.5M)(56.9M)(33.6M)(30.3M)(31.8M)
Retained Earnings(81.0M)(117.8M)(152.9M)(179.5M)(161.5M)(153.4M)
Accounts Payable678.6K1.4M954.6K2.0M2.3M1.4M
Cash56.3M137.8M57.1M33.7M38.8M34.1M
Non Current Assets Total55.2K567.7K446.0K325.3K374.0K383.8K
Non Currrent Assets Other(200.7K)277.6K259.5K257.2K295.8K181.3K
Cash And Short Term Investments56.3M194.9M57.1M148.1M170.3M178.8M
Other Current Assets1.7M2.2M1.8M585.4K673.2K1.2M
Other Stockholder Equity31.2M36.4M44.0M49.0M56.4M59.2M
Total Liab1.3M4.2M2.4M3.5M4.0M4.6M
Total Current Assets80.6M197.6M169.5M148.8M171.1M179.7M
Common Stock131.1M277.4M278.1M278.2M319.9M335.9M
Other Liab19.6K16.5K127.4K20.4K18.3K17.4K
Net Tangible Assets49.0M79.2M194.0M167.1M192.2M201.8M
Other Assets(55.2K)198.2M(446.0K)115.4M132.7M139.3M
Net Receivables309.5K489.0K6.2K135.1K121.6K115.5K
Liabilities And Stockholders Equity80.6M198.2M169.5M149.1M171.5M180.1M
Inventory420.5K(360.8K)(309.5K)110.6M127.2M133.6M
Short Term Debt59.1K120.7K133.8K80.3K92.4K87.8K
Common Stock Shares Outstanding22.4M38.5M44.0M44.1M50.7M53.2M
Non Current Liabilities Total127K230.6K77K(71.0)(63.9)(60.7)
Short Long Term Debt Total59.1K331.0K209.8K80.3K72.3K68.7K
Net Invested Capital79.2M194.0M167.1M145.6M167.5M103.4M
Net Working Capital79.1M193.7M166.7M145.3M167.1M101.6M
Capital Stock131.1M277.4M278.1M278.2M319.9M198.2M

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