Gen Retained Earnings vs Other Current Assets 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 Retained Earnings and its Other Current Assets 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.

Retained Earnings vs Other Current Assets

Retained Earnings vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gen III Oil Retained Earnings account and Other Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Gen III's Retained Earnings and Other Current Assets is -0.3. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Other Current Assets 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 Retained Earnings and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Gen III Oil are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Retained Earnings i.e., Gen III's Retained Earnings and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.3
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
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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Additional Tools for Gen Stock Analysis

When running Gen III's price analysis, check to measure Gen III's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gen III is operating at the current time. Most of Gen III's value examination focuses on studying past and present price action to predict the probability of Gen III's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gen III's price. Additionally, you may evaluate how the addition of Gen III to your portfolios can decrease your overall portfolio volatility.