Magna Capital Expenditures vs Change In Working Capital Analysis

NICU Stock

1.42 0.01 0.71%

Magna Mining financial indicator trend analysis is infinitely more than just investigating Magna Mining recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Magna Mining is a good investment. Please check the relationship between Magna Mining Capital Expenditures and its Change In Working Capital accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magna Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Capital Expenditures vs Change In Working Capital

Capital Expenditures vs Change In Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Magna Mining Capital Expenditures account and Change In Working Capital. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Magna Mining's Capital Expenditures and Change In Working Capital is 0.44. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of Magna Mining, assuming nothing else is changed. The correlation between historical values of Magna Mining's Capital Expenditures 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 Capital Expenditures of Magna Mining 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 Capital Expenditures i.e., Magna Mining's Capital Expenditures and Change In Working Capital go up and down completely randomly.

Correlation Coefficient

0.44

Relationship Direction	Positive
Relationship Strength	Weak

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Capital Expenditures

Capital Expenditures are funds used by Magna Mining to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Magna Mining operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

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 Magna Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Magna Mining 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 Magna Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Enterprise Value is likely to climb to about 83.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.8 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Income	1.8K	97.0K	856.6K	899.4K
Net Interest Income	1.8K	32.2K	498.8K	523.8K

Interest Income Net Interest Income

Magna Mining fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Capital Stock
Other Current Liab		0.83	0.85	0.98	-0.92	0.82	0.77	0.98	0.95	0.98	0.88	0.93	0.89	0.97	0.93	0.96	0.74	0.85	0.85	0.88	-0.69	0.94	0.88	0.89	0.94	0.89
Total Current Liabilities	0.83		0.84	0.83	-0.91	0.98	0.76	0.85	0.82	0.83	0.87	0.91	0.78	0.92	0.91	0.85	0.57	0.82	0.98	0.68	-0.49	0.89	0.99	0.78	0.95	0.98
Other Liab	0.85	0.84		0.88	-0.91	0.74	0.98	0.91	0.94	0.89	0.79	0.96	0.95	0.89	0.96	0.92	0.77	0.97	0.88	0.93	-0.74	0.85	0.87	0.95	0.94	0.93
Net Tangible Assets	0.98	0.83	0.88		-0.92	0.81	0.79	0.96	0.96	1.0	0.87	0.93	0.89	0.97	0.93	0.95	0.73	0.84	0.85	0.87	-0.68	0.94	0.87	0.89	0.93	0.88
Retained Earnings	-0.92	-0.91	-0.91	-0.92		-0.87	-0.89	-0.97	-0.97	-0.92	-0.77	-0.94	-0.84	-0.94	-0.93	-0.98	-0.85	-0.92	-0.96	-0.87	0.79	-0.85	-0.96	-0.84	-0.96	-0.96
Accounts Payable	0.82	0.98	0.74	0.81	-0.87		0.64	0.82	0.77	0.8	0.86	0.85	0.7	0.9	0.85	0.81	0.5	0.73	0.95	0.6	-0.41	0.86	0.96	0.7	0.9	0.93
Other Assets	0.77	0.76	0.98	0.79	-0.89	0.64		0.87	0.91	0.81	0.67	0.91	0.9	0.8	0.9	0.89	0.84	0.98	0.83	0.94	-0.82	0.74	0.81	0.9	0.88	0.88
Net Receivables	0.98	0.85	0.91	0.96	-0.97	0.82	0.87		0.99	0.97	0.82	0.95	0.9	0.96	0.95	1.0	0.85	0.92	0.9	0.93	-0.8	0.89	0.91	0.9	0.96	0.93
Total Current Assets	0.95	0.82	0.94	0.96	-0.97	0.77	0.91	0.99		0.97	0.78	0.95	0.91	0.94	0.95	0.99	0.87	0.94	0.88	0.95	-0.83	0.87	0.89	0.91	0.94	0.91
Common Stock	0.98	0.83	0.89	1.0	-0.92	0.8	0.81	0.97	0.97		0.86	0.93	0.89	0.97	0.94	0.96	0.75	0.85	0.85	0.88	-0.7	0.94	0.88	0.89	0.94	0.89
Property Plant Equipment	0.88	0.87	0.79	0.87	-0.77	0.86	0.67	0.82	0.78	0.86		0.91	0.88	0.93	0.91	0.79	0.4	0.77	0.82	0.7	-0.33	0.98	0.85	0.88	0.91	0.87
Total Assets	0.93	0.91	0.96	0.93	-0.94	0.85	0.91	0.95	0.95	0.93	0.91		0.97	0.96	1.0	0.94	0.72	0.96	0.93	0.91	-0.67	0.94	0.93	0.97	0.99	0.97
Total Stockholder Equity	0.89	0.78	0.95	0.89	-0.84	0.7	0.9	0.9	0.91	0.89	0.88	0.97		0.9	0.97	0.88	0.68	0.95	0.8	0.94	-0.66	0.91	0.81	1.0	0.93	0.88
Property Plant And Equipment Net	0.97	0.92	0.89	0.97	-0.94	0.9	0.8	0.96	0.94	0.97	0.93	0.96	0.9		0.97	0.95	0.67	0.86	0.92	0.84	-0.61	0.98	0.95	0.9	0.98	0.95
Cash	0.93	0.91	0.96	0.93	-0.93	0.85	0.9	0.95	0.95	0.94	0.91	1.0	0.97	0.97		0.94	0.71	0.96	0.92	0.91	-0.66	0.95	0.93	0.97	0.99	0.97
Non Current Assets Total	0.96	0.85	0.92	0.95	-0.98	0.81	0.89	1.0	0.99	0.96	0.79	0.94	0.88	0.95	0.94		0.87	0.92	0.91	0.93	-0.82	0.87	0.92	0.89	0.95	0.93
Non Currrent Assets Other	0.74	0.57	0.77	0.73	-0.85	0.5	0.84	0.85	0.87	0.75	0.4	0.72	0.68	0.67	0.71	0.87		0.82	0.7	0.88	-0.99	0.53	0.68	0.68	0.71	0.7
Long Term Debt	0.85	0.82	0.97	0.84	-0.92	0.73	0.98	0.92	0.94	0.85	0.77	0.96	0.95	0.86	0.96	0.92	0.82		0.88	0.95	-0.79	0.82	0.86	0.95	0.94	0.92
Common Stock Shares Outstanding	0.85	0.98	0.88	0.85	-0.96	0.95	0.83	0.9	0.88	0.85	0.82	0.93	0.8	0.92	0.92	0.91	0.7	0.88		0.76	-0.63	0.85	1.0	0.8	0.96	0.99
Non Current Liabilities Total	0.88	0.68	0.93	0.87	-0.87	0.6	0.94	0.93	0.95	0.88	0.7	0.91	0.94	0.84	0.91	0.93	0.88	0.95	0.76		-0.87	0.79	0.76	0.94	0.87	0.82
Other Current Assets	-0.69	-0.49	-0.74	-0.68	0.79	-0.41	-0.82	-0.8	-0.83	-0.7	-0.33	-0.67	-0.66	-0.61	-0.66	-0.82	-0.99	-0.79	-0.63	-0.87		-0.47	-0.61	-0.66	-0.65	-0.64
Other Stockholder Equity	0.94	0.89	0.85	0.94	-0.85	0.86	0.74	0.89	0.87	0.94	0.98	0.94	0.91	0.98	0.95	0.87	0.53	0.82	0.85	0.79	-0.47		0.88	0.91	0.95	0.9
Total Liab	0.88	0.99	0.87	0.87	-0.96	0.96	0.81	0.91	0.89	0.88	0.85	0.93	0.81	0.95	0.93	0.92	0.68	0.86	1.0	0.76	-0.61	0.88		0.81	0.97	0.99
Net Invested Capital	0.89	0.78	0.95	0.89	-0.84	0.7	0.9	0.9	0.91	0.89	0.88	0.97	1.0	0.9	0.97	0.89	0.68	0.95	0.8	0.94	-0.66	0.91	0.81		0.93	0.88
Property Plant And Equipment Gross	0.94	0.95	0.94	0.93	-0.96	0.9	0.88	0.96	0.94	0.94	0.91	0.99	0.93	0.98	0.99	0.95	0.71	0.94	0.96	0.87	-0.65	0.95	0.97	0.93		0.99
Capital Stock	0.89	0.98	0.93	0.88	-0.96	0.93	0.88	0.93	0.91	0.89	0.87	0.97	0.88	0.95	0.97	0.93	0.7	0.92	0.99	0.82	-0.64	0.9	0.99	0.88	0.99

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Magna Capital Expenditures vs Change In Working Capital Analysis

Capital Expenditures vs Change In Working Capital

Capital Expenditures vs Change In Working Capital Correlation Analysis

Correlation Coefficient

Capital Expenditures

Change In Working Capital

Magna Mining fundamental ratios Correlations

Magna Mining Account Relationship Matchups

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COMMON DESTINATIONS

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COMPANY

Common Stock	+ 1.0	Net Tangible Assets
Non Current Assets Total	+ 1.0	Net Receivables
Cash	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Stockholder Equity
Total Liab	+ 1.0	Common Stock Shares Outstanding
Total Liab	+ 0.99	Total Current Liabilities

Other Current Assets	- 0.99	Non Currrent Assets Other
Non Current Assets Total	- 0.98	Retained Earnings
Total Current Assets	- 0.97	Retained Earnings
Net Receivables	- 0.97	Retained Earnings
Capital Stock	- 0.96	Retained Earnings
Property Plant And Equipment Gross	- 0.96	Retained Earnings