Mineral Net Income vs Change In Working Capital Analysis

MIN Stock

35.80 1.11 3.01%

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

Net Income vs Change In Working Capital

Net Income vs Change In Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mineral Resources Net Income account and Change In Working Capital. At this time, the significance of the direction appears to have no relationship.

The correlation between Mineral Resources' Net Income and Change In Working Capital is 0.03. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of Mineral Resources, assuming nothing else is changed. The correlation between historical values of Mineral Resources' Net Income and Change In Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Mineral Resources are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Net Income i.e., Mineral Resources' Net Income and Change In Working Capital go up and down completely randomly.

Correlation Coefficient

0.03

Relationship Direction	Positive
Relationship Strength	Insignificant

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Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Mineral Resources financial statement analysis. It represents the amount of money remaining after all of Mineral Resources operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

Most indicators from Mineral Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mineral 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 Mineral 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.

Selling General Administrative is likely to gain to about 1.5 B in 2024, despite the fact that Tax Provision is likely to grow to (8.6 M).

	2021	2022	2023	2024 (projected)
Interest Expense	123.4M	233.2M	262M	275.1M
Depreciation And Amortization	352.2M	450.4M	628M	659.4M

Interest Expense Depreciation And Amortization

Mineral Resources fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Property Plant And Equipment Gross
Total Assets		0.99	0.89	0.97	0.94	0.87	0.95	0.73	0.89	0.89	0.96	0.56	0.98	0.79	0.17	0.98	0.56	0.98	-0.73	0.31	0.44	0.99	0.93	0.32	0.99	0.98
Short Long Term Debt Total	0.99		0.9	0.96	0.88	0.83	0.96	0.73	0.93	0.83	0.97	0.49	0.98	0.78	0.16	1.0	0.49	0.99	-0.69	0.23	0.36	1.0	0.94	0.32	1.0	0.98
Other Current Liab	0.89	0.9		0.94	0.72	0.61	0.95	0.58	0.94	0.63	0.95	0.2	0.93	0.58	-0.05	0.9	0.21	0.93	-0.53	0.23	0.37	0.9	0.88	0.2	0.93	0.94
Total Current Liabilities	0.97	0.96	0.94		0.86	0.76	0.98	0.73	0.92	0.8	0.99	0.41	0.99	0.68	0.06	0.95	0.41	0.96	-0.64	0.28	0.41	0.96	0.91	0.2	0.98	0.98
Total Stockholder Equity	0.94	0.88	0.72	0.86		0.92	0.8	0.66	0.68	0.99	0.83	0.76	0.88	0.81	0.28	0.87	0.75	0.86	-0.78	0.44	0.54	0.88	0.84	0.38	0.88	0.85
Other Liab	0.87	0.83	0.61	0.76	0.92		0.73	0.66	0.62	0.93	0.76	0.76	0.8	0.72	0.27	0.82	0.75	0.8	-0.74	0.37	0.45	0.82	0.74	0.36	0.81	0.79
Property Plant And Equipment Net	0.95	0.96	0.95	0.98	0.8	0.73		0.69	0.97	0.72	0.99	0.29	0.99	0.62	-0.02	0.95	0.29	0.98	-0.6	0.25	0.39	0.96	0.9	0.17	0.98	0.99
Current Deferred Revenue	0.73	0.73	0.58	0.73	0.66	0.66	0.69		0.62	0.65	0.71	0.5	0.72	0.61	0.15	0.72	0.49	0.7	-0.35	0.04	0.13	0.76	0.63	0.02	0.73	0.72
Net Debt	0.89	0.93	0.94	0.92	0.68	0.62	0.97	0.62		0.59	0.96	0.14	0.94	0.63	-0.11	0.93	0.14	0.95	-0.53	0.14	0.28	0.93	0.91	0.27	0.94	0.95
Retained Earnings	0.89	0.83	0.63	0.8	0.99	0.93	0.72	0.65	0.59		0.76	0.83	0.81	0.78	0.35	0.82	0.83	0.8	-0.78	0.39	0.47	0.82	0.76	0.36	0.82	0.79
Accounts Payable	0.96	0.97	0.95	0.99	0.83	0.76	0.99	0.71	0.96	0.76		0.34	0.99	0.68	-0.02	0.96	0.34	0.98	-0.63	0.24	0.38	0.97	0.92	0.21	0.98	1.0
Cash	0.56	0.49	0.2	0.41	0.76	0.76	0.29	0.5	0.14	0.83	0.34		0.42	0.62	0.69	0.49	1.0	0.42	-0.6	0.32	0.32	0.48	0.38	0.24	0.46	0.38
Non Current Assets Total	0.98	0.98	0.93	0.99	0.88	0.8	0.99	0.72	0.94	0.81	0.99	0.42		0.7	0.07	0.97	0.42	0.99	-0.67	0.28	0.41	0.98	0.92	0.22	0.99	1.0
Non Currrent Assets Other	0.79	0.78	0.58	0.68	0.81	0.72	0.62	0.61	0.63	0.78	0.68	0.62	0.7		0.19	0.79	0.61	0.73	-0.63	0.16	0.26	0.78	0.86	0.65	0.75	0.71
Other Assets	0.17	0.16	-0.05	0.06	0.28	0.27	-0.02	0.15	-0.11	0.35	-0.02	0.69	0.07	0.19		0.16	0.7	0.06	-0.31	0.19	0.16	0.14	0.0	-0.06	0.12	0.02
Long Term Debt	0.98	1.0	0.9	0.95	0.87	0.82	0.95	0.72	0.93	0.82	0.96	0.49	0.97	0.79	0.16		0.49	0.99	-0.69	0.22	0.35	1.0	0.94	0.34	0.99	0.98
Cash And Short Term Investments	0.56	0.49	0.21	0.41	0.75	0.75	0.29	0.49	0.14	0.83	0.34	1.0	0.42	0.61	0.7	0.49		0.41	-0.59	0.33	0.33	0.48	0.38	0.24	0.45	0.38
Net Receivables	0.98	0.99	0.93	0.96	0.86	0.8	0.98	0.7	0.95	0.8	0.98	0.42	0.99	0.73	0.06	0.99	0.41		-0.65	0.26	0.39	0.99	0.93	0.26	0.99	0.99
Good Will	-0.73	-0.69	-0.53	-0.64	-0.78	-0.74	-0.6	-0.35	-0.53	-0.78	-0.63	-0.6	-0.67	-0.63	-0.31	-0.69	-0.59	-0.65		-0.27	-0.33	-0.67	-0.65	-0.49	-0.68	-0.64
Common Stock Total Equity	0.31	0.23	0.23	0.28	0.44	0.37	0.25	0.04	0.14	0.39	0.24	0.32	0.28	0.16	0.19	0.22	0.33	0.26	-0.27		0.97	0.22	0.28	0.17	0.25	0.25
Common Stock Shares Outstanding	0.44	0.36	0.37	0.41	0.54	0.45	0.39	0.13	0.28	0.47	0.38	0.32	0.41	0.26	0.16	0.35	0.33	0.39	-0.33	0.97		0.35	0.42	0.21	0.38	0.39
Non Current Liabilities Total	0.99	1.0	0.9	0.96	0.88	0.82	0.96	0.76	0.93	0.82	0.97	0.48	0.98	0.78	0.14	1.0	0.48	0.99	-0.67	0.22	0.35		0.94	0.29	1.0	0.99
Inventory	0.93	0.94	0.88	0.91	0.84	0.74	0.9	0.63	0.91	0.76	0.92	0.38	0.92	0.86	0.0	0.94	0.38	0.93	-0.65	0.28	0.42	0.94		0.52	0.94	0.93
Other Current Assets	0.32	0.32	0.2	0.2	0.38	0.36	0.17	0.02	0.27	0.36	0.21	0.24	0.22	0.65	-0.06	0.34	0.24	0.26	-0.49	0.17	0.21	0.29	0.52		0.28	0.24
Total Liab	0.99	1.0	0.93	0.98	0.88	0.81	0.98	0.73	0.94	0.82	0.98	0.46	0.99	0.75	0.12	0.99	0.45	0.99	-0.68	0.25	0.38	1.0	0.94	0.28		0.99
Property Plant And Equipment Gross	0.98	0.98	0.94	0.98	0.85	0.79	0.99	0.72	0.95	0.79	1.0	0.38	1.0	0.71	0.02	0.98	0.38	0.99	-0.64	0.25	0.39	0.99	0.93	0.24	0.99

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Mineral Resources Account Relationship Matchups

Mineral Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.6B	5.7B	7.6B	8.4B	12.2B	12.8B
Short Long Term Debt Total	1.3B	1.3B	3.1B	3.2B	5.3B	5.6B
Other Current Liab	88.8M	78.6M	132.9M	213.2M	493M	517.7M
Total Current Liabilities	924.3M	984.4M	896.4M	1.3B	2.5B	2.6B
Total Stockholder Equity	2.3B	3.2B	3.2B	3.5B	3.5B	3.7B
Other Liab	220.8M	517.8M	642M	479.8M	551.8M	579.4M
Property Plant And Equipment Net	1.7B	2.4B	3.0B	3.5B	8.8B	9.3B
Current Deferred Revenue	13.2M	24.5M	47.5M	30.2M	84M	88.2M
Net Debt	(231.1M)	(280.2M)	697.5M	1.9B	4.4B	4.6B
Retained Earnings	1.7B	2.7B	2.7B	2.5B	2.5B	2.6B
Accounts Payable	305.9M	557.3M	575.6M	821M	1.7B	1.8B
Cash	1.5B	1.5B	2.4B	1.4B	908M	617.2M
Non Current Assets Total	2.7B	3.7B	4.3B	4.9B	9.6B	10.1B
Non Currrent Assets Other	165.9M	96M	421.7M	984.6M	439M	461.0M
Other Assets	826.5M	1.0	816M	69.9M	80.4M	76.4M
Long Term Debt	1.0B	920.2M	2.8B	2.9B	4.6B	4.9B
Cash And Short Term Investments	1.5B	1.5B	2.4B	1.4B	908M	628.8M
Net Receivables	177.5M	331.3M	557.9M	576M	1.0B	1.1B
Common Stock Shares Outstanding	188.3M	188.6M	188.9M	192.7M	197.5M	191.8M
Liabilities And Stockholders Equity	4.6B	5.7B	7.6B	8.4B	12.2B	12.8B
Non Current Liabilities Total	1.4B	1.5B	3.4B	3.6B	6.2B	6.5B
Inventory	155.6M	122.6M	252.6M	606.4M	607M	637.4M
Other Current Assets	38.8M	74.9M	108.5M	913M	98M	117.9M
Total Liab	2.3B	2.5B	4.3B	4.9B	8.6B	9.1B
Property Plant And Equipment Gross	1.8B	3.3B	4.5B	5.6B	10.6B	11.1B
Total Current Assets	1.9B	2.0B	3.3B	3.5B	2.6B	2.8B
Accumulated Other Comprehensive Income	10.1M	15.7M	28.9M	69.4M	132M	138.6M
Short Term Debt	100.5M	157.3M	129.2M	136M	255M	267.8M
Intangible Assets	47.9M	36.7M	24.9M	22.5M	8M	7.6M
Common Stock	526.6M	535.9M	558.3M	969.4M	1.0B	1.1B
Property Plant Equipment	1.8B	2.6B	3.6B	4.5B	5.2B	5.5B
Net Tangible Assets	2.2B	3.2B	3.2B	3.5B	4.0B	2.1B
Other Stockholder Equity	(10.3M)	(21.4M)	(53.8M)	(82.5M)	(95M)	(90.3M)
Long Term Investments	42.3M	388.2M	160.7M	302M	249M	141.4M
Short Long Term Debt	1.2M	26.4M	14.2M	243M	218.7M	229.6M
Long Term Debt Total	1.2B	1.1B	3.0B	3.1B	3.6B	3.8B
Capital Lease Obligations	282.8M	315.3M	310M	316.7M	454M	266.5M

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