Mineral Total Revenue vs Total Assets Analysis

MIN Stock   35.10  0.70  1.96%   
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 Total Revenue and its Total Assets 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.

Total Revenue vs Total Assets

Total Revenue vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mineral Resources Total Revenue account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Mineral Resources' Total Revenue and Total Assets is 0.97. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Total Assets 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' Total Revenue and Total 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 Total Revenue of Mineral Resources are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Revenue i.e., Mineral Resources' Total Revenue and Total Assets go up and down completely randomly.

Correlation Coefficient

0.97
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Revenue

Total revenue comprises all receipts Mineral Resources generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Total Assets

Total assets refers to the total amount of Mineral Resources assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Mineral Resources books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
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 Expense123.4M233.2M262M275.1M
Depreciation And Amortization352.2M450.4M628M659.4M

Mineral Resources fundamental ratios Correlations

0.990.890.970.940.870.950.730.890.890.960.560.980.790.170.980.560.98-0.730.310.440.990.930.320.990.98
0.990.90.960.880.830.960.730.930.830.970.490.980.780.161.00.490.99-0.690.230.361.00.940.321.00.98
0.890.90.940.720.610.950.580.940.630.950.20.930.58-0.050.90.210.93-0.530.230.370.90.880.20.930.94
0.970.960.940.860.760.980.730.920.80.990.410.990.680.060.950.410.96-0.640.280.410.960.910.20.980.98
0.940.880.720.860.920.80.660.680.990.830.760.880.810.280.870.750.86-0.780.440.540.880.840.380.880.85
0.870.830.610.760.920.730.660.620.930.760.760.80.720.270.820.750.8-0.740.370.450.820.740.360.810.79
0.950.960.950.980.80.730.690.970.720.990.290.990.62-0.020.950.290.98-0.60.250.390.960.90.170.980.99
0.730.730.580.730.660.660.690.620.650.710.50.720.610.150.720.490.7-0.350.040.130.760.630.020.730.72
0.890.930.940.920.680.620.970.620.590.960.140.940.63-0.110.930.140.95-0.530.140.280.930.910.270.940.95
0.890.830.630.80.990.930.720.650.590.760.830.810.780.350.820.830.8-0.780.390.470.820.760.360.820.79
0.960.970.950.990.830.760.990.710.960.760.340.990.68-0.020.960.340.98-0.630.240.380.970.920.210.981.0
0.560.490.20.410.760.760.290.50.140.830.340.420.620.690.491.00.42-0.60.320.320.480.380.240.460.38
0.980.980.930.990.880.80.990.720.940.810.990.420.70.070.970.420.99-0.670.280.410.980.920.220.991.0
0.790.780.580.680.810.720.620.610.630.780.680.620.70.190.790.610.73-0.630.160.260.780.860.650.750.71
0.170.16-0.050.060.280.27-0.020.15-0.110.35-0.020.690.070.190.160.70.06-0.310.190.160.140.0-0.060.120.02
0.981.00.90.950.870.820.950.720.930.820.960.490.970.790.160.490.99-0.690.220.351.00.940.340.990.98
0.560.490.210.410.750.750.290.490.140.830.341.00.420.610.70.490.41-0.590.330.330.480.380.240.450.38
0.980.990.930.960.860.80.980.70.950.80.980.420.990.730.060.990.41-0.650.260.390.990.930.260.990.99
-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
0.310.230.230.280.440.370.250.040.140.390.240.320.280.160.190.220.330.26-0.270.970.220.280.170.250.25
0.440.360.370.410.540.450.390.130.280.470.380.320.410.260.160.350.330.39-0.330.970.350.420.210.380.39
0.991.00.90.960.880.820.960.760.930.820.970.480.980.780.141.00.480.99-0.670.220.350.940.291.00.99
0.930.940.880.910.840.740.90.630.910.760.920.380.920.860.00.940.380.93-0.650.280.420.940.520.940.93
0.320.320.20.20.380.360.170.020.270.360.210.240.220.65-0.060.340.240.26-0.490.170.210.290.520.280.24
0.991.00.930.980.880.810.980.730.940.820.980.460.990.750.120.990.450.99-0.680.250.381.00.940.280.99
0.980.980.940.980.850.790.990.720.950.791.00.381.00.710.020.980.380.99-0.640.250.390.990.930.240.99
Click cells to compare fundamentals

Mineral Resources Account Relationship Matchups

Mineral Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.6B5.7B7.6B8.4B12.2B12.8B
Short Long Term Debt Total1.3B1.3B3.1B3.2B5.3B5.6B
Other Current Liab88.8M78.6M132.9M213.2M493M517.7M
Total Current Liabilities924.3M984.4M896.4M1.3B2.5B2.6B
Total Stockholder Equity2.3B3.2B3.2B3.5B3.5B3.7B
Other Liab220.8M517.8M642M479.8M551.8M579.4M
Property Plant And Equipment Net1.7B2.4B3.0B3.5B8.8B9.3B
Current Deferred Revenue13.2M24.5M47.5M30.2M84M88.2M
Net Debt(231.1M)(280.2M)697.5M1.9B4.4B4.6B
Retained Earnings1.7B2.7B2.7B2.5B2.5B2.6B
Accounts Payable305.9M557.3M575.6M821M1.7B1.8B
Cash1.5B1.5B2.4B1.4B908M617.2M
Non Current Assets Total2.7B3.7B4.3B4.9B9.6B10.1B
Non Currrent Assets Other165.9M96M421.7M984.6M439M461.0M
Other Assets826.5M1.0816M69.9M80.4M76.4M
Long Term Debt1.0B920.2M2.8B2.9B4.6B4.9B
Cash And Short Term Investments1.5B1.5B2.4B1.4B908M628.8M
Net Receivables177.5M331.3M557.9M576M1.0B1.1B
Common Stock Shares Outstanding188.3M188.6M188.9M192.7M197.5M191.8M
Liabilities And Stockholders Equity4.6B5.7B7.6B8.4B12.2B12.8B
Non Current Liabilities Total1.4B1.5B3.4B3.6B6.2B6.5B
Inventory155.6M122.6M252.6M606.4M607M637.4M
Other Current Assets38.8M74.9M108.5M913M98M117.9M
Total Liab2.3B2.5B4.3B4.9B8.6B9.1B
Property Plant And Equipment Gross1.8B3.3B4.5B5.6B10.6B11.1B
Total Current Assets1.9B2.0B3.3B3.5B2.6B2.8B
Accumulated Other Comprehensive Income10.1M15.7M28.9M69.4M132M138.6M
Short Term Debt100.5M157.3M129.2M136M255M267.8M
Intangible Assets47.9M36.7M24.9M22.5M8M7.6M
Common Stock526.6M535.9M558.3M969.4M1.0B1.1B
Property Plant Equipment1.8B2.6B3.6B4.5B5.2B5.5B
Net Tangible Assets2.2B3.2B3.2B3.5B4.0B2.1B
Other Stockholder Equity(10.3M)(21.4M)(53.8M)(82.5M)(95M)(90.3M)
Long Term Investments42.3M388.2M160.7M302M249M141.4M
Short Long Term Debt1.2M26.4M14.2M243M218.7M229.6M
Long Term Debt Total1.2B1.1B3.0B3.1B3.6B3.8B
Capital Lease Obligations282.8M315.3M310M316.7M454M266.5M

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