NioCorp Net Working Capital vs Net Invested Capital Analysis

NIOBW Stock   0.11  0  3.64%   
NioCorp Developments financial indicator trend analysis is infinitely more than just investigating NioCorp Developments recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NioCorp Developments is a good investment. Please check the relationship between NioCorp Developments Net Working Capital and its Net Invested Capital accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NioCorp Developments Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Net Working Capital vs Net Invested Capital

Net Working Capital vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NioCorp Developments Net Working Capital account and Net Invested Capital. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between NioCorp Developments' Net Working Capital and Net Invested Capital is 0.52. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of NioCorp Developments Ltd, assuming nothing else is changed. The correlation between historical values of NioCorp Developments' Net Working Capital and Net Invested 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 Working Capital of NioCorp Developments Ltd are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Net Working Capital i.e., NioCorp Developments' Net Working Capital and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.52
Relationship DirectionPositive 
Relationship StrengthWeak

Net Working Capital

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Most indicators from NioCorp Developments' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NioCorp Developments 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 NioCorp Developments Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Tax Provision is likely to climb to about (132.1 K) in 2024. Selling General Administrative is likely to drop to about 3.7 M in 2024

NioCorp Developments fundamental ratios Correlations

0.080.120.72-0.680.920.980.910.710.560.590.520.750.650.970.850.490.960.98-0.660.640.98-0.42
0.08-0.130.15-0.47-0.120.190.310.62-0.170.13-0.1-0.370.57-0.070.49-0.710.260.19-0.080.250.19-0.82
0.12-0.13-0.190.470.42-0.02-0.12-0.33-0.68-0.720.890.35-0.480.29-0.220.35-0.05-0.03-0.78-0.61-0.030.23
0.720.15-0.19-0.690.50.780.80.680.60.650.070.360.770.610.810.240.760.77-0.170.820.77-0.3
-0.68-0.470.47-0.69-0.38-0.79-0.9-0.93-0.64-0.780.14-0.12-0.85-0.5-0.90.2-0.85-0.820.09-0.87-0.820.81
0.92-0.120.420.5-0.380.840.70.410.320.290.780.90.340.990.60.660.80.83-0.850.290.83-0.17
0.980.19-0.020.78-0.790.840.960.820.620.680.380.630.760.910.920.370.991.0-0.550.751.0-0.53
0.910.31-0.120.8-0.90.70.960.890.590.680.240.430.790.790.950.160.980.97-0.440.810.97-0.67
0.710.62-0.330.68-0.930.410.820.890.540.73-0.030.120.920.530.96-0.140.850.82-0.210.860.82-0.85
0.56-0.17-0.680.6-0.640.320.620.590.540.95-0.330.370.660.450.590.350.590.610.210.840.61-0.16
0.590.13-0.720.65-0.780.290.680.680.730.95-0.360.270.840.430.750.130.670.680.180.920.68-0.4
0.52-0.10.890.070.140.780.380.24-0.03-0.33-0.360.69-0.150.670.140.520.350.37-0.97-0.30.370.05
0.75-0.370.350.36-0.120.90.630.430.120.370.270.690.180.870.350.80.560.61-0.690.140.610.17
0.650.57-0.480.77-0.850.340.760.790.920.660.84-0.150.180.470.93-0.090.760.75-0.060.890.75-0.67
0.97-0.070.290.61-0.50.990.910.790.530.450.430.670.870.470.70.630.880.9-0.770.450.9-0.25
0.850.49-0.220.81-0.90.60.920.950.960.590.750.140.350.930.70.050.940.92-0.350.860.92-0.72
0.49-0.710.350.240.20.660.370.16-0.140.350.130.520.8-0.090.630.050.260.34-0.440.060.340.54
0.960.26-0.050.76-0.850.80.990.980.850.590.670.350.560.760.880.940.261.0-0.540.751.0-0.62
0.980.19-0.030.77-0.820.831.00.970.820.610.680.370.610.750.90.920.341.0-0.550.751.0-0.55
-0.66-0.08-0.78-0.170.09-0.85-0.55-0.44-0.210.210.18-0.97-0.69-0.06-0.77-0.35-0.44-0.54-0.550.12-0.550.19
0.640.25-0.610.82-0.870.290.750.810.860.840.92-0.30.140.890.450.860.060.750.750.120.75-0.52
0.980.19-0.030.77-0.820.831.00.970.820.610.680.370.610.750.90.920.341.01.0-0.550.75-0.55
-0.42-0.820.23-0.30.81-0.17-0.53-0.67-0.85-0.16-0.40.050.17-0.67-0.25-0.720.54-0.62-0.550.19-0.52-0.55
Click cells to compare fundamentals

NioCorp Developments Account Relationship Matchups

NioCorp Developments fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets11.0M24.5M22.8M20.9M20.1M20.2M
Total Current Liabilities8.0M3.9M5.1M3.6M12.0M6.9M
Total Stockholder Equity2.6M13.2M17.7M(11.0M)1M950K
Retained Earnings(94.7M)(99.5M)(110.4M)(150.5M)(161.9M)(170.0M)
Cash307K7.3M5.3M2.3M2.0M3.2M
Non Current Assets Total10.7M17.1M17.1M17.2M17.1M16.5M
Common Stock Shares Outstanding23.6M25.6M27.7M31.2M38.1M31.1M
Non Current Liabilities Total344K7.3M23K26.2M5.6M7.4M
Total Liab8.4M11.3M5.1M29.8M17.5M14.3M
Net Invested Capital7.9M23.9M21.8M(406K)8.7M9.3M
Long Term Investments7K16K10K9K4K6.8K
Short Long Term Debt4.9M3.4M4.2M7.7M8.8M4.9M
Total Current Assets338K7.3M5.7M3.7M2.9M3.7M
Capital Stock97.7M113.9M129.1M140.4M163.8M133.4M
Net Working Capital(7.7M)3.4M614K164K(9.0M)(8.6M)

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