Gen Interest Income vs Operating Income Analysis

GIII Stock  CAD 0.34  0.02  6.25%   
Gen III financial indicator trend analysis is much more than just examining Gen III Oil latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gen III Oil is a good investment. Please check the relationship between Gen III Interest Income and its Operating Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gen III Oil. 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.

Interest Income vs Operating Income

Interest Income vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gen III Oil Interest Income account and Operating Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Gen III's Interest Income and Operating Income is 0.69. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Operating Income in the same time period over historical financial statements of Gen III Oil, assuming nothing else is changed. The correlation between historical values of Gen III's Interest Income and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Income of Gen III Oil are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Interest Income i.e., Gen III's Interest Income and Operating Income go up and down completely randomly.

Correlation Coefficient

0.69
Relationship DirectionPositive 
Relationship StrengthSignificant

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.

Operating Income

Operating Income is the amount of profit realized from Gen III Oil operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Gen III Oil is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most indicators from Gen III's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gen III Oil 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gen III Oil. 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.
Issuance Of Capital Stock is likely to climb to about 5.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 3.8 M in 2024.

Gen III fundamental ratios Correlations

-0.040.960.93-0.70.550.270.890.950.890.35-0.320.230.65-0.040.90.680.160.320.29-0.050.20.63-0.340.150.02
-0.04-0.280.150.64-0.45-0.03-0.290.14-0.280.00.4-0.01-0.270.92-0.28-0.130.20.350.530.85-0.71-0.410.330.76-0.13
0.96-0.280.85-0.850.630.30.920.870.920.35-0.420.250.69-0.310.920.650.170.230.16-0.320.370.69-0.41-0.110.06
0.930.150.85-0.460.530.210.681.00.680.27-0.310.220.560.140.680.460.270.350.350.110.040.58-0.340.310.04
-0.70.64-0.85-0.46-0.53-0.32-0.88-0.49-0.88-0.290.39-0.25-0.620.68-0.88-0.59-0.06-0.050.090.69-0.6-0.590.340.53-0.06
0.55-0.450.630.53-0.530.120.460.540.460.24-0.89-0.30.45-0.370.450.37-0.140.220.18-0.370.160.8-0.82-0.040.35
0.27-0.030.30.21-0.320.120.290.220.280.53-0.20.30.44-0.150.290.22-0.240.520.4-0.19-0.030.11-0.28-0.110.53
0.89-0.290.920.68-0.880.460.290.711.00.36-0.250.220.63-0.271.00.80.010.20.13-0.260.390.57-0.25-0.11-0.02
0.950.140.871.0-0.490.540.220.710.710.29-0.320.20.570.130.710.510.250.350.350.10.050.59-0.350.310.04
0.89-0.280.920.68-0.880.460.281.00.710.36-0.250.220.63-0.271.00.80.010.20.13-0.260.390.57-0.25-0.11-0.02
0.350.00.350.27-0.290.240.530.360.290.36-0.32-0.170.64-0.020.370.330.00.460.43-0.05-0.060.15-0.360.110.13
-0.320.4-0.42-0.310.39-0.89-0.2-0.25-0.32-0.25-0.320.39-0.40.36-0.25-0.240.08-0.48-0.410.390.09-0.580.950.06-0.58
0.23-0.010.250.22-0.25-0.30.30.220.20.22-0.170.390.11-0.120.23-0.170.09-0.08-0.13-0.150.33-0.060.38-0.23-0.06
0.65-0.270.690.56-0.620.450.440.630.570.630.64-0.40.11-0.30.630.360.280.340.24-0.30.380.67-0.47-0.07-0.04
-0.040.92-0.310.140.68-0.37-0.15-0.270.13-0.27-0.020.36-0.12-0.3-0.270.01-0.030.280.450.98-0.69-0.340.30.92-0.09
0.9-0.280.920.68-0.880.450.291.00.711.00.37-0.250.230.63-0.270.80.020.20.13-0.260.390.57-0.25-0.11-0.02
0.68-0.130.650.46-0.590.370.220.80.510.80.33-0.24-0.170.360.010.8-0.250.240.180.040.060.35-0.220.170.16
0.160.20.170.27-0.06-0.14-0.240.010.250.010.00.080.090.28-0.030.02-0.250.050.07-0.120.020.010.04-0.14-0.37
0.320.350.230.35-0.050.220.520.20.350.20.46-0.48-0.080.340.280.20.240.050.950.21-0.610.02-0.610.360.59
0.290.530.160.350.090.180.40.130.350.130.43-0.41-0.130.240.450.130.180.070.950.36-0.71-0.01-0.510.510.44
-0.050.85-0.320.110.69-0.37-0.19-0.260.1-0.26-0.050.39-0.15-0.30.98-0.260.04-0.120.210.36-0.64-0.320.310.92-0.12
0.2-0.710.370.04-0.60.16-0.030.390.050.39-0.060.090.330.38-0.690.390.060.02-0.61-0.71-0.640.490.17-0.63-0.39
0.63-0.410.690.58-0.590.80.110.570.590.570.15-0.58-0.060.67-0.340.570.350.010.02-0.01-0.320.49-0.51-0.05-0.03
-0.340.33-0.41-0.340.34-0.82-0.28-0.25-0.35-0.25-0.360.950.38-0.470.3-0.25-0.220.04-0.61-0.510.310.17-0.510.01-0.58
0.150.76-0.110.310.53-0.04-0.11-0.110.31-0.110.110.06-0.23-0.070.92-0.110.17-0.140.360.510.92-0.63-0.050.010.01
0.02-0.130.060.04-0.060.350.53-0.020.04-0.020.13-0.58-0.06-0.04-0.09-0.020.16-0.370.590.44-0.12-0.39-0.03-0.580.01
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Gen III Account Relationship Matchups

Gen III fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets11.0M11.3M8.5M1.2M2.7M2.5M
Total Current Liabilities3.0M5.0M800.4K2.0M1.9M1.2M
Total Stockholder Equity(2.1M)(4.2M)7.3M(971.1K)(1.9M)(1.8M)
Property Plant And Equipment Net9.7M9.7M439.8K303.6K190.0K180.5K
Net Debt11.5M13.0M(7.2M)(340.7K)773.7K812.3K
Retained Earnings(91.0M)(95.7M)(100.5M)(112.9M)(118.6M)(112.7M)
Accounts Payable680.5K319.4K165.9K514.5K279.1K491.8K
Cash732.7K1.4M7.7M718.4K2.1M3.8M
Non Current Assets Total10.0M9.7M482.0K341.9K257.6K244.7K
Cash And Short Term Investments756.6K1.4M7.7M718.4K2.3M3.8M
Net Receivables80.8K146.7K32.0K27.0K26.8K25.5K
Common Stock Shares Outstanding73.9M84.8M105.6M113.8M117.6M123.5M
Liabilities And Stockholders Equity11.0M11.3M8.5M1.2M2.7M2.5M
Other Current Assets124.9K73.8K258.1K144.5K134.3K132.1K
Other Stockholder Equity8.9M9.2M11.8M13.2M15.3M21.4M
Total Liab13.1M15.5M1.2M2.2M4.6M2.5M
Total Current Assets962.3K1.6M8.0M889.9K2.4M3.9M
Non Currrent Assets Other65.7K35.1K318.2K(1.0)(1.15)(1.09)
Other Current Liab211K1.1M710.6K1.3M1.4M758.7K
Non Current Liabilities Total10.0M10.5M406.6K212.0K2.7M2.9M
Net Tangible Assets510.6K(2.1M)(4.2M)7.3M6.6M6.9M
Common Stock80.0M82.3M95.9M98.7M101.3M86.5M
Net Invested Capital(2.1M)(4.1M)7.3M(971.1K)632.3K781.4K
Net Working Capital(2.1M)(3.4M)7.2M(1.1M)547.3K836.5K
Capital Stock80.0M82.3M95.9M98.7M101.3M98.1M

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