Fortune Roic vs Net Income Per Share 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 Roic and its Net Income Per Share 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.
Roic vs Net Income Per Share
Roic vs Net Income Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortune Bay Corp Roic account and Net Income Per Share. At this time, the significance of the direction appears to have very week relationship.
The correlation between Fortune Bay's Roic and Net Income Per Share is 0.29. Overlapping area represents the amount of variation of Roic that can explain the historical movement of Net Income Per Share 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 Roic and Net Income Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roic of Fortune Bay Corp are associated (or correlated) with its Net Income Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income Per Share has no effect on the direction of Roic i.e., Fortune Bay's Roic and Net Income Per Share go up and down completely randomly.
Correlation Coefficient | 0.29 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.Net Income Per Share
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
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Fortune Bay Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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