American Reconciled Depreciation vs Operating Income Analysis

LI Stock  CAD 0.88  0.01  1.12%   
American Lithium financial indicator trend analysis is way more than just evaluating American Lithium Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American Lithium Corp is a good investment. Please check the relationship between American Lithium Reconciled Depreciation and its Operating Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in American Lithium 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.

Reconciled Depreciation vs Operating Income

Reconciled Depreciation vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of American Lithium Corp Reconciled Depreciation account and Operating Income. At this time, the significance of the direction appears to have pay attention.
The correlation between American Lithium's Reconciled Depreciation and Operating Income is -0.86. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Operating Income in the same time period over historical financial statements of American Lithium Corp, assuming nothing else is changed. The correlation between historical values of American Lithium's Reconciled Depreciation 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 Reconciled Depreciation of American Lithium Corp 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 Reconciled Depreciation i.e., American Lithium's Reconciled Depreciation and Operating Income go up and down completely randomly.

Correlation Coefficient

-0.86
Relationship DirectionNegative 
Relationship StrengthSignificant

Reconciled Depreciation

Operating Income

Operating Income is the amount of profit realized from American Lithium Corp 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 American Lithium Corp 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 American Lithium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American Lithium 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in American Lithium 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.
Selling General Administrative is likely to climb to about 21.4 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 1.8 M in 2024.

American Lithium fundamental ratios Correlations

0.91.00.66-0.90.930.990.60.880.930.670.860.890.98-0.680.660.87-0.170.70.890.91-0.170.410.41-0.390.66
0.90.890.3-0.970.980.930.860.960.940.840.990.660.95-0.40.390.62-0.20.350.630.94-0.210.410.39-0.40.3
1.00.890.66-0.890.930.990.60.880.920.660.850.90.98-0.690.670.87-0.170.70.890.91-0.170.410.41-0.390.67
0.660.30.66-0.360.390.57-0.20.260.510.110.250.890.55-0.920.90.90.120.990.890.360.160.230.310.011.0
-0.9-0.97-0.89-0.36-0.96-0.92-0.79-0.94-0.98-0.84-0.97-0.67-0.960.44-0.43-0.630.24-0.42-0.64-0.940.19-0.49-0.470.43-0.36
0.930.980.930.39-0.960.960.810.980.930.740.940.70.97-0.430.420.67-0.290.440.70.97-0.240.440.42-0.450.39
0.990.930.990.57-0.920.960.690.930.930.690.890.840.99-0.590.570.8-0.220.610.830.95-0.220.420.41-0.430.58
0.60.860.6-0.2-0.790.810.690.880.660.720.840.210.70.1-0.110.16-0.38-0.140.210.82-0.390.310.23-0.52-0.2
0.880.960.880.26-0.940.980.930.880.870.70.910.580.93-0.270.250.53-0.350.310.580.99-0.360.40.36-0.540.26
0.930.940.920.51-0.980.930.930.660.870.830.940.780.97-0.60.60.75-0.160.570.750.89-0.10.490.49-0.340.52
0.670.840.660.11-0.840.740.690.720.70.830.920.50.76-0.370.390.47-0.10.180.430.660.00.420.4-0.20.13
0.860.990.850.25-0.970.940.890.840.910.940.920.630.93-0.40.40.59-0.170.310.590.89-0.150.430.41-0.350.26
0.890.660.90.89-0.670.70.840.210.580.780.50.630.82-0.930.911.00.040.910.990.640.030.330.36-0.160.9
0.980.950.980.55-0.960.970.990.70.930.970.760.930.82-0.60.590.79-0.20.60.80.95-0.170.460.46-0.410.55
-0.68-0.4-0.69-0.920.44-0.43-0.590.1-0.27-0.6-0.37-0.4-0.93-0.6-1.0-0.94-0.18-0.92-0.89-0.34-0.31-0.32-0.4-0.11-0.93
0.660.390.670.9-0.430.420.57-0.110.250.60.390.40.910.59-1.00.930.210.910.870.320.330.310.390.140.92
0.870.620.870.9-0.630.670.80.160.530.750.470.591.00.79-0.940.930.060.930.990.60.060.310.35-0.130.92
-0.17-0.2-0.170.120.24-0.29-0.22-0.38-0.35-0.16-0.1-0.170.04-0.2-0.180.210.060.130.02-0.320.21-0.62-0.490.540.13
0.70.350.70.99-0.420.440.61-0.140.310.570.180.310.910.6-0.920.910.930.130.920.410.070.190.25-0.060.99
0.890.630.890.89-0.640.70.830.210.580.750.430.590.990.8-0.890.870.990.020.920.65-0.040.280.31-0.210.9
0.910.940.910.36-0.940.970.950.820.990.890.660.890.640.95-0.340.320.6-0.320.410.65-0.380.390.35-0.560.36
-0.17-0.21-0.170.160.19-0.24-0.22-0.39-0.36-0.10.0-0.150.03-0.17-0.310.330.060.210.07-0.04-0.380.280.450.860.17
0.410.410.410.23-0.490.440.420.310.40.490.420.430.330.46-0.320.310.31-0.620.190.280.390.280.94-0.260.23
0.410.390.410.31-0.470.420.410.230.360.490.40.410.360.46-0.40.390.35-0.490.250.310.350.450.94-0.050.3
-0.39-0.4-0.390.010.43-0.45-0.43-0.52-0.54-0.34-0.2-0.35-0.16-0.41-0.110.14-0.130.54-0.06-0.21-0.560.86-0.26-0.050.02
0.660.30.671.0-0.360.390.58-0.20.260.520.130.260.90.55-0.930.920.920.130.990.90.360.170.230.30.02
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American Lithium Account Relationship Matchups

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