McChip Capex To Depreciation vs Pb Ratio Analysis

MCS Stock

CAD 0.75 0.10 11.76%

McChip Resources financial indicator trend analysis is infinitely more than just investigating McChip Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether McChip Resources is a good investment. Please check the relationship between McChip Resources Capex To Depreciation and its Pb Ratio accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McChip Resources. 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.

Capex To Depreciation vs Pb Ratio

Capex To Depreciation vs Pb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of McChip Resources Capex To Depreciation account and Pb Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between McChip Resources' Capex To Depreciation and Pb Ratio is -0.22. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of McChip Resources, assuming nothing else is changed. The correlation between historical values of McChip Resources' Capex To Depreciation and Pb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of McChip Resources are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Capex To Depreciation i.e., McChip Resources' Capex To Depreciation and Pb Ratio go up and down completely randomly.

Correlation Coefficient

-0.22

Relationship Direction	Negative
Relationship Strength	Insignificant

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Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Pb Ratio

Most indicators from McChip Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into McChip Resources 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 McChip Resources. 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, McChip Resources' Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 1.78 in 2024, whereas Selling General Administrative is likely to drop slightly above 718.1 K in 2024.

McChip Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Net Receivables	Short Term Investments	Other Current Assets	Total Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Other Current Liab	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.84	0.99	0.62	0.99	0.96	0.44	0.54	0.59	0.97	0.71	0.81	-0.75	0.79	0.99	0.87	0.52	-0.11	0.88	-0.83	-0.89	-0.59	0.52	0.88	0.87	0.51
Total Current Liabilities	0.84		0.76	0.74	0.83	0.73	0.71	0.31	0.33	0.88	0.59	0.99	-0.67	0.87	0.85	0.72	0.67	-0.1	0.7	-0.82	-0.81	-0.6	0.67	0.82	0.76	0.66
Total Stockholder Equity	0.99	0.76		0.58	0.98	0.97	0.35	0.58	0.62	0.95	0.7	0.72	-0.75	0.73	0.98	0.87	0.45	-0.08	0.89	-0.8	-0.87	-0.56	0.46	0.85	0.86	0.45
Other Liab	0.62	0.74	0.58		0.63	0.59	0.77	0.35	-0.04	0.71	0.24	0.68	-0.72	0.68	0.68	0.51	0.73	0.14	0.67	-0.65	-0.64	-0.37	0.73	0.63	0.59	0.72
Net Tangible Assets	0.99	0.83	0.98	0.63		0.93	0.43	0.53	0.57	0.96	0.73	0.81	-0.71	0.73	0.97	0.87	0.52	-0.11	0.84	-0.78	-0.85	-0.56	0.53	0.87	0.86	0.52
Retained Earnings	0.96	0.73	0.97	0.59	0.93		0.36	0.57	0.61	0.91	0.65	0.69	-0.74	0.81	0.94	0.79	0.53	-0.12	0.92	-0.83	-0.86	-0.56	0.54	0.86	0.86	0.53
Accounts Payable	0.44	0.71	0.35	0.77	0.43	0.36		-0.14	-0.14	0.58	0.26	0.69	-0.56	0.62	0.5	0.34	0.67	-0.01	0.38	-0.63	-0.59	-0.25	0.67	0.55	0.5	0.67
Cash	0.54	0.31	0.58	0.35	0.53	0.57	-0.14		0.42	0.43	0.43	0.25	-0.53	0.34	0.55	0.6	0.08	0.25	0.66	-0.29	-0.28	-0.08	0.08	0.25	0.24	0.08
Net Receivables	0.59	0.33	0.62	-0.04	0.57	0.61	-0.14	0.42		0.47	0.61	0.34	-0.36	0.38	0.55	0.72	0.12	-0.02	0.64	-0.52	-0.54	-0.15	0.12	0.27	0.27	0.11
Short Term Investments	0.97	0.88	0.95	0.71	0.96	0.91	0.58	0.43	0.47		0.62	0.84	-0.82	0.79	0.99	0.84	0.52	-0.03	0.85	-0.88	-0.94	-0.61	0.53	0.88	0.87	0.52
Other Current Assets	0.71	0.59	0.7	0.24	0.73	0.65	0.26	0.43	0.61	0.62		0.61	-0.37	0.52	0.65	0.7	0.42	-0.33	0.5	-0.41	-0.45	-0.24	0.43	0.58	0.56	0.42
Total Liab	0.81	0.99	0.72	0.68	0.81	0.69	0.69	0.25	0.34	0.84	0.61		-0.57	0.87	0.81	0.66	0.68	-0.22	0.64	-0.79	-0.77	-0.62	0.69	0.82	0.75	0.68
Long Term Investments	-0.75	-0.67	-0.75	-0.72	-0.71	-0.74	-0.56	-0.53	-0.36	-0.82	-0.37	-0.57		-0.61	-0.84	-0.81	-0.3	-0.44	-0.85	0.81	0.82	0.28	-0.3	-0.53	-0.52	-0.3
Short Long Term Debt	0.79	0.87	0.73	0.68	0.73	0.81	0.62	0.34	0.38	0.79	0.52	0.87	-0.61		0.78	0.57	0.78	-0.23	0.78	-0.86	-0.78	-0.59	0.79	0.83	0.77	0.78
Total Current Assets	0.99	0.85	0.98	0.68	0.97	0.94	0.5	0.55	0.55	0.99	0.65	0.81	-0.84	0.78		0.89	0.48	0.01	0.9	-0.87	-0.92	-0.55	0.49	0.84	0.83	0.48
Short Term Debt	0.87	0.72	0.87	0.51	0.87	0.79	0.34	0.6	0.72	0.84	0.7	0.66	-0.81	0.57	0.89		0.32	0.27	0.83	-0.73	-0.79	-0.3	0.32	0.56	0.55	0.31
Common Stock	0.52	0.67	0.45	0.73	0.52	0.53	0.67	0.08	0.12	0.52	0.42	0.68	-0.3	0.78	0.48	0.32		-0.31	0.49	-0.52	-0.47	-0.41	1.0	0.66	0.6	1.0
Property Plant Equipment	-0.11	-0.1	-0.08	0.14	-0.11	-0.12	-0.01	0.25	-0.02	-0.03	-0.33	-0.22	-0.44	-0.23	0.01	0.27	-0.31		0.13	-0.03	-0.02	0.27	-0.32	-0.39	-0.38	-0.31
Other Current Liab	0.88	0.7	0.89	0.67	0.84	0.92	0.38	0.66	0.64	0.85	0.5	0.64	-0.85	0.78	0.9	0.83	0.49	0.13		-0.88	-0.87	-0.37	0.49	0.67	0.65	0.49
Non Current Assets Total	-0.83	-0.82	-0.8	-0.65	-0.78	-0.83	-0.63	-0.29	-0.52	-0.88	-0.41	-0.79	0.81	-0.86	-0.87	-0.73	-0.52	-0.03	-0.88		0.97	0.48	-0.53	-0.74	-0.71	-0.52
Non Currrent Assets Other	-0.89	-0.81	-0.87	-0.64	-0.85	-0.86	-0.59	-0.28	-0.54	-0.94	-0.45	-0.77	0.82	-0.78	-0.92	-0.79	-0.47	-0.02	-0.87	0.97		0.53	-0.47	-0.79	-0.77	-0.46
Other Assets	-0.59	-0.6	-0.56	-0.37	-0.56	-0.56	-0.25	-0.08	-0.15	-0.61	-0.24	-0.62	0.28	-0.59	-0.55	-0.3	-0.41	0.27	-0.37	0.48	0.53		-0.41	-0.73	-0.73	-0.41
Common Stock Shares Outstanding	0.52	0.67	0.46	0.73	0.53	0.54	0.67	0.08	0.12	0.53	0.43	0.69	-0.3	0.79	0.49	0.32	1.0	-0.32	0.49	-0.53	-0.47	-0.41		0.67	0.6	1.0
Net Invested Capital	0.88	0.82	0.85	0.63	0.87	0.86	0.55	0.25	0.27	0.88	0.58	0.82	-0.53	0.83	0.84	0.56	0.66	-0.39	0.67	-0.74	-0.79	-0.73	0.67		0.99	0.66
Net Working Capital	0.87	0.76	0.86	0.59	0.86	0.86	0.5	0.24	0.27	0.87	0.56	0.75	-0.52	0.77	0.83	0.55	0.6	-0.38	0.65	-0.71	-0.77	-0.73	0.6	0.99		0.6
Capital Stock	0.51	0.66	0.45	0.72	0.52	0.53	0.67	0.08	0.11	0.52	0.42	0.68	-0.3	0.78	0.48	0.31	1.0	-0.31	0.49	-0.52	-0.46	-0.41	1.0	0.66	0.6

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McChip Resources Account Relationship Matchups

McChip Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.0M	8.2M	9.6M	9.8M	10.3M	7.4M
Total Current Liabilities	1.3M	824.7K	1.0M	1.7M	2.1M	1.1M
Total Stockholder Equity	5.7M	7.4M	8.6M	8.0M	8.2M	6.3M
Net Tangible Assets	5.5M	5.7M	7.4M	8.6M	9.9M	5.7M
Retained Earnings	(466.3K)	1.2M	2.2M	1.6M	1.8M	1.9M
Accounts Payable	202.8K	199.3K	186.8K	213.2K	274.5K	221.4K
Cash	418.0K	452.6K	523.4K	915.1K	471.8K	569.9K
Net Receivables	669.4K	557.7K	567.6K	503.2K	512.0K	470.0K
Short Term Investments	4.9M	6.0M	7.3M	7.4M	8.4M	4.5M
Other Current Assets	58.8K	45.0K	46.2K	72.9K	83.8K	53.8K
Total Liab	1.3M	831.5K	1.0M	1.8M	2.1M	1.1M
Long Term Investments	514.9K	667.4K	792.2K	942.0K	847.8K	1.1M
Short Long Term Debt	1.1M	610.4K	823.2K	1.5M	1.8M	1.9M
Total Current Assets	6.0M	7.0M	8.3M	8.8M	9.4M	5.6M
Non Current Assets Total	990.9K	1.1M	1.3M	1.0M	988.0K	1.0M
Other Assets	288.8K	115.5K	114.0K	113.9K	102.5K	129.2K
Net Invested Capital	6.8M	8.0M	9.5M	9.5M	10.0M	8.8M
Net Working Capital	4.7M	6.2M	7.3M	7.1M	7.3M	6.5M

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