Fortune Net Invested Capital vs Total Stockholder Equity Analysis

FOR Stock

CAD 0.25 0.01 4.17%

Fortune Bay financial indicator trend analysis is much more than just examining Fortune Bay Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fortune Bay Corp is a good investment. Please check the relationship between Fortune Bay Net Invested Capital and its Total Stockholder Equity accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortune Bay 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 board of governors.

Net Invested Capital vs Total Stockholder Equity

Net Invested Capital vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortune Bay Corp Net Invested Capital account and Total Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Fortune Bay's Net Invested Capital and Total Stockholder Equity is 0.97. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Fortune Bay Corp, assuming nothing else is changed. The correlation between historical values of Fortune Bay's Net Invested Capital and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Fortune Bay Corp are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Net Invested Capital i.e., Fortune Bay's Net Invested Capital and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Most indicators from Fortune Bay's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fortune Bay 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 Fortune Bay 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 board of governors.

Tax Provision is likely to climb to about 45.7 K in 2024, whereas Selling General Administrative is likely to drop slightly above 296.3 K in 2024.

Fortune Bay fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Other Current Liab	Retained Earnings	Short Long Term Debt Total	Net Invested Capital	Short Long Term Debt	Net Working Capital
Total Assets		0.64	0.99	0.97	-0.19	-0.56	0.6	0.61	0.91	0.41	-0.69	0.56	0.61	0.96	0.84	0.35	0.75	0.6	0.25	0.94	0.59	-0.95	0.89	0.96	0.89	0.59
Total Current Liabilities	0.64		0.57	0.6	-0.35	-0.4	0.51	0.48	0.56	0.64	-0.47	0.39	0.29	0.57	0.28	0.27	0.8	0.42	-0.26	0.74	0.87	-0.71	0.65	0.5	0.65	0.39
Total Stockholder Equity	0.99	0.57		0.96	-0.14	-0.59	0.6	0.63	0.89	0.35	-0.67	0.58	0.62	0.95	0.87	0.34	0.7	0.62	0.29	0.91	0.54	-0.93	0.87	0.97	0.87	0.62
Net Tangible Assets	0.97	0.6	0.96		-0.22	-0.46	0.53	0.51	0.93	0.4	-0.66	0.46	0.62	0.97	0.81	0.33	0.69	0.49	0.32	0.96	0.54	-0.93	0.83	0.95	0.83	0.49
Property Plant And Equipment Net	-0.19	-0.35	-0.14	-0.22		-0.27	0.04	0.19	-0.3	-0.82	0.4	0.21	-0.14	-0.2	0.14	-0.25	-0.65	0.13	-0.09	-0.37	-0.32	0.33	-0.4	-0.19	-0.4	0.27
Net Debt	-0.56	-0.4	-0.59	-0.46	-0.27		-0.37	-1.0	-0.17	0.2	0.05	-0.99	-0.27	-0.34	-0.48	-0.09	-0.19	-0.98	-0.11	-0.35	-0.51	0.35	-0.33	-0.46	-0.33	-1.0
Accounts Payable	0.6	0.51	0.6	0.53	0.04	-0.37		0.4	0.56	0.21	-0.4	0.3	0.71	0.53	0.39	-0.26	0.49	0.34	-0.22	0.59	0.36	-0.56	0.55	0.54	0.55	0.37
Cash	0.61	0.48	0.63	0.51	0.19	-1.0	0.4		0.22	-0.11	-0.12	0.99	0.3	0.39	0.5	0.13	0.28	0.99	0.1	0.42	0.57	-0.42	0.4	0.51	0.4	0.99
Non Current Assets Total	0.91	0.56	0.89	0.93	-0.3	-0.17	0.56	0.22		0.55	-0.77	0.15	0.6	0.98	0.77	0.36	0.76	0.2	0.21	0.95	0.44	-0.96	0.88	0.91	0.88	0.21
Non Currrent Assets Other	0.41	0.64	0.35	0.4	-0.82	0.2	0.21	-0.11	0.55		-0.54	-0.17	0.23	0.45	0.09	0.35	0.87	-0.08	-0.04	0.59	0.6	-0.6	0.68	0.41	0.68	-0.2
Other Assets	-0.69	-0.47	-0.67	-0.66	0.4	0.05	-0.4	-0.12	-0.77	-0.54		-0.06	-0.44	-0.77	-0.59	-0.37	-0.76	-0.13	-0.12	-0.69	-0.15	0.8	-0.7	-0.58	-0.7	-0.09
Cash And Short Term Investments	0.56	0.39	0.58	0.46	0.21	-0.99	0.3	0.99	0.15	-0.17	-0.06		0.25	0.33	0.47	0.11	0.2	0.99	0.19	0.34	0.52	-0.34	0.33	0.46	0.33	0.99
Net Receivables	0.61	0.29	0.62	0.62	-0.14	-0.27	0.71	0.3	0.6	0.23	-0.44	0.25		0.58	0.47	-0.16	0.4	0.29	0.17	0.59	0.18	-0.52	0.47	0.59	0.47	0.25
Common Stock Shares Outstanding	0.96	0.57	0.95	0.97	-0.2	-0.34	0.53	0.39	0.98	0.45	-0.77	0.33	0.58		0.84	0.38	0.73	0.37	0.28	0.95	0.47	-0.97	0.88	0.94	0.88	0.38
Other Current Assets	0.84	0.28	0.87	0.81	0.14	-0.48	0.39	0.5	0.77	0.09	-0.59	0.47	0.47	0.84		0.52	0.43	0.49	0.25	0.69	0.26	-0.76	0.68	0.85	0.68	0.52
Other Stockholder Equity	0.35	0.27	0.34	0.33	-0.25	-0.09	-0.26	0.13	0.36	0.35	-0.37	0.11	-0.16	0.38	0.52		0.42	0.14	-0.16	0.35	0.3	-0.43	0.44	0.35	0.44	0.11
Total Liab	0.75	0.8	0.7	0.69	-0.65	-0.19	0.49	0.28	0.76	0.87	-0.76	0.2	0.4	0.73	0.43	0.42		0.28	-0.04	0.83	0.69	-0.87	0.89	0.68	0.89	0.2
Total Current Assets	0.6	0.42	0.62	0.49	0.13	-0.98	0.34	0.99	0.2	-0.08	-0.13	0.99	0.29	0.37	0.49	0.14	0.28		0.18	0.38	0.54	-0.4	0.41	0.51	0.41	0.98
Common Stock	0.25	-0.26	0.29	0.32	-0.09	-0.11	-0.22	0.1	0.21	-0.04	-0.12	0.19	0.17	0.28	0.25	-0.16	-0.04	0.18		0.13	-0.11	-0.15	0.11	0.36	0.11	0.14
Property Plant Equipment	0.94	0.74	0.91	0.96	-0.37	-0.35	0.59	0.42	0.95	0.59	-0.69	0.34	0.59	0.95	0.69	0.35	0.83	0.38	0.13		0.65	-0.97	0.9	0.91	0.9	0.38
Other Current Liab	0.59	0.87	0.54	0.54	-0.32	-0.51	0.36	0.57	0.44	0.6	-0.15	0.52	0.18	0.47	0.26	0.3	0.69	0.54	-0.11	0.65		-0.6	0.65	0.56	0.65	0.5
Retained Earnings	-0.95	-0.71	-0.93	-0.93	0.33	0.35	-0.56	-0.42	-0.96	-0.6	0.8	-0.34	-0.52	-0.97	-0.76	-0.43	-0.87	-0.4	-0.15	-0.97	-0.6		-0.95	-0.91	-0.95	-0.39
Short Long Term Debt Total	0.89	0.65	0.87	0.83	-0.4	-0.33	0.55	0.4	0.88	0.68	-0.7	0.33	0.47	0.88	0.68	0.44	0.89	0.41	0.11	0.9	0.65	-0.95		0.89	1.0	0.37
Net Invested Capital	0.96	0.5	0.97	0.95	-0.19	-0.46	0.54	0.51	0.91	0.41	-0.58	0.46	0.59	0.94	0.85	0.35	0.68	0.51	0.36	0.91	0.56	-0.91	0.89		0.89	0.5
Short Long Term Debt	0.89	0.65	0.87	0.83	-0.4	-0.33	0.55	0.4	0.88	0.68	-0.7	0.33	0.47	0.88	0.68	0.44	0.89	0.41	0.11	0.9	0.65	-0.95	1.0	0.89		0.37
Net Working Capital	0.59	0.39	0.62	0.49	0.27	-1.0	0.37	0.99	0.21	-0.2	-0.09	0.99	0.25	0.38	0.52	0.11	0.2	0.98	0.14	0.38	0.5	-0.39	0.37	0.5	0.37

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Fortune Bay Account Relationship Matchups

Fortune Bay fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	15.6M	19.0M	24.8M	23.7M	24.7M	20.2M
Total Current Liabilities	778.9K	651.7K	654.6K	198.5K	879.0K	455.7K
Total Stockholder Equity	14.5M	18.0M	23.8M	22.9M	22.5M	19.4M
Net Tangible Assets	15.0M	14.5M	18.0M	23.8M	27.3M	18.0M
Property Plant And Equipment Net	15.5M	15.8M	18.1M	23.0M	186.1K	176.8K
Net Debt	241.7K	(2.8M)	(6.5M)	(531.8K)	(86.0K)	(90.3K)
Accounts Payable	112.6K	125.0K	170.4K	177.4K	131.4K	146.6K
Cash	23.5K	3.0M	6.5M	531.8K	585.2K	555.9K
Non Current Assets Total	15.5M	15.9M	18.1M	23.0M	24.0M	18.8M
Non Currrent Assets Other	15.5M	38.3K	38.4K	38.5K	23.1M	24.3M
Cash And Short Term Investments	23.5K	3.0M	6.5M	531.8K	585.2K	555.9K
Net Receivables	21.9K	45.9K	76.6K	90.6K	94.5K	62.5K
Common Stock Shares Outstanding	21.0M	26.3M	33.6M	42.9M	43.4M	28.9M
Liabilities And Stockholders Equity	15.6M	19.0M	24.8M	23.7M	24.7M	20.2M
Other Current Assets	18.1K	40.5K	69.1K	91.5K	51.8K	42.2K
Other Stockholder Equity	361.4K	536.0K	783.1K	1.6M	3.4M	3.5M
Total Liab	1.1M	1.0M	1.1M	849.6K	2.2M	2.3M
Total Current Assets	63.4K	3.1M	6.7M	713.9K	731.5K	1.4M
Property Plant Equipment	15.3M	15.5M	15.8M	18.1M	20.8M	17.0M
Other Current Liab	401.2K	114.8K	484.2K	21.1K	379.8K	232.4K
Retained Earnings	9.7M	8.7M	6.8M	5.5M	4.1M	6.8M
Non Current Liabilities Total	318.3K	354.8K	397.3K	651.1K	1.3M	1.4M
Net Working Capital	(715.6K)	2.5M	6.0M	515.4K	(147.5K)	(140.2K)

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