| LMR Stock | | | CAD 0.13 0.01 7.14% |
Lomiko Metals financial indicator trend analysis is infinitely more than just investigating Lomiko Metals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lomiko Metals is a good investment. Please check the relationship between Lomiko Metals Gross Profit and its Operating Income accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lomiko Metals. 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.
Gross Profit vs Operating Income
Gross Profit vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Lomiko Metals Gross Profit account and
Operating Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Lomiko Metals' Gross Profit and Operating Income is 0.61. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Operating Income in the same time period over historical financial statements of Lomiko Metals, assuming nothing else is changed. The correlation between historical values of Lomiko Metals' Gross Profit 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 Gross Profit of Lomiko Metals 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 Gross Profit i.e., Lomiko Metals' Gross Profit and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.61 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Lomiko Metals minus its cost of goods sold. It is profit before Lomiko Metals operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Operating Income
Operating Income is the amount of profit realized from Lomiko Metals 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 Lomiko Metals 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 Lomiko Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lomiko Metals 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 Lomiko Metals. 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.
At this time, Lomiko Metals'
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to climb to about 3.6
M in 2024, whereas
Enterprise Value Over EBITDA is likely to drop
(38.72) in 2024.
Lomiko Metals fundamental ratios Correlations
Click cells to compare fundamentals
Lomiko Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Lomiko Metals fundamental ratios Accounts
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Additional Tools for Lomiko Stock Analysis
When running Lomiko Metals' price analysis, check to
measure Lomiko Metals' 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 Lomiko Metals is operating at the current time. Most of Lomiko Metals' value examination focuses on studying past and present price action to
predict the probability of Lomiko Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lomiko Metals' price. Additionally, you may evaluate how the addition of Lomiko Metals to your portfolios can decrease your overall portfolio volatility.