Native Net Invested Capital vs Accounts Payable Analysis

NMR Stock   0.03  0  9.37%   
Native Mineral financial indicator trend analysis is infinitely more than just investigating Native Mineral Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Native Mineral Resources is a good investment. Please check the relationship between Native Mineral Net Invested Capital and its Accounts Payable accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Native 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 Invested Capital vs Accounts Payable

Net Invested Capital vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Native Mineral Resources Net Invested Capital account and Accounts Payable. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Native Mineral's Net Invested Capital and Accounts Payable is -0.44. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Native Mineral Resources, assuming nothing else is changed. The correlation between historical values of Native Mineral's Net Invested Capital and Accounts Payable 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 Invested Capital of Native Mineral Resources are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Invested Capital i.e., Native Mineral's Net Invested Capital and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.44
Relationship DirectionNegative 
Relationship StrengthVery Weak

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Accounts Payable

An accounting item on the balance sheet that represents Native Mineral obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Native Mineral Resources are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Native Mineral's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Native 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 Native 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 1.9 M in 2024. Issuance Of Capital Stock is likely to gain to about 3.2 M in 2024
 2021 2022 2023 2024 (projected)
Reconciled Depreciation37.9K44.5K51.1K33.0K
Cost Of Revenue147.0K44.5K38.2K47.5K

Native Mineral fundamental ratios Correlations

0.50.11-0.150.920.320.46-0.95-0.02-0.21.01.00.15-0.14-0.210.070.26-0.151.0-0.16-0.160.3-0.03-0.1-0.02-0.05
0.50.760.620.180.540.86-0.25-0.860.420.440.440.690.510.450.650.950.620.46-0.840.540.92-0.870.68-0.860.7
0.110.760.64-0.170.130.430.1-0.810.620.050.050.510.590.190.850.790.640.08-0.740.530.81-0.780.8-0.780.7
-0.150.620.64-0.530.090.450.44-0.830.88-0.18-0.180.270.810.350.390.751.0-0.17-0.920.990.62-0.690.71-0.690.47
0.920.18-0.17-0.530.240.22-0.990.32-0.520.930.930.02-0.46-0.32-0.1-0.08-0.530.930.23-0.530.010.25-0.380.25-0.23
0.320.540.130.090.240.61-0.26-0.33-0.120.30.30.49-0.020.610.230.420.090.31-0.290.050.41-0.50.11-0.50.2
0.460.860.430.450.220.61-0.26-0.760.060.410.410.570.460.720.530.860.450.43-0.630.40.84-0.790.61-0.780.64
-0.95-0.250.10.44-0.99-0.26-0.26-0.250.44-0.96-0.96-0.030.380.320.060.00.44-0.96-0.140.44-0.07-0.20.31-0.20.21
-0.02-0.86-0.81-0.830.32-0.33-0.76-0.25-0.580.040.04-0.6-0.76-0.63-0.74-0.97-0.830.020.88-0.76-0.920.96-0.910.96-0.82
-0.20.420.620.88-0.52-0.120.060.44-0.58-0.21-0.210.190.63-0.060.210.490.88-0.21-0.80.870.37-0.440.48-0.440.27
1.00.440.05-0.180.930.30.41-0.960.04-0.211.00.08-0.17-0.260.010.2-0.181.0-0.11-0.180.240.04-0.150.04-0.12
1.00.440.05-0.180.930.30.41-0.960.04-0.211.00.08-0.17-0.260.010.2-0.181.0-0.11-0.180.240.04-0.150.04-0.12
0.150.690.510.270.020.490.57-0.03-0.60.190.080.080.180.480.380.630.270.11-0.480.180.64-0.750.44-0.750.81
-0.140.510.590.81-0.46-0.020.460.38-0.760.63-0.17-0.170.180.390.420.660.81-0.16-0.640.790.71-0.610.88-0.610.42
-0.210.450.190.35-0.320.610.720.32-0.63-0.06-0.26-0.260.480.390.430.580.35-0.24-0.340.310.56-0.730.56-0.720.6
0.070.650.850.39-0.10.230.530.06-0.740.210.010.010.380.420.430.730.390.04-0.490.260.77-0.760.77-0.760.72
0.260.950.790.75-0.080.420.860.0-0.970.490.20.20.630.660.580.730.750.23-0.880.670.95-0.940.83-0.940.8
-0.150.620.641.0-0.530.090.450.44-0.830.88-0.18-0.180.270.810.350.390.75-0.17-0.920.990.62-0.690.71-0.690.47
1.00.460.08-0.170.930.310.43-0.960.02-0.211.01.00.11-0.16-0.240.040.23-0.17-0.13-0.170.270.01-0.130.02-0.09
-0.16-0.84-0.74-0.920.23-0.29-0.63-0.140.88-0.8-0.11-0.11-0.48-0.64-0.34-0.49-0.88-0.92-0.13-0.88-0.740.79-0.660.78-0.59
-0.160.540.530.99-0.530.050.40.44-0.760.87-0.18-0.180.180.790.310.260.670.99-0.17-0.880.53-0.590.63-0.590.36
0.30.920.810.620.010.410.84-0.07-0.920.370.240.240.640.710.560.770.950.620.27-0.740.53-0.910.89-0.910.77
-0.03-0.87-0.78-0.690.25-0.5-0.79-0.20.96-0.440.040.04-0.75-0.61-0.73-0.76-0.94-0.690.010.79-0.59-0.91-0.841.0-0.88
-0.10.680.80.71-0.380.110.610.31-0.910.48-0.15-0.150.440.880.560.770.830.71-0.13-0.660.630.89-0.84-0.840.75
-0.02-0.86-0.78-0.690.25-0.5-0.78-0.20.96-0.440.040.04-0.75-0.61-0.72-0.76-0.94-0.690.020.78-0.59-0.911.0-0.84-0.88
-0.050.70.70.47-0.230.20.640.21-0.820.27-0.12-0.120.810.420.60.720.80.47-0.09-0.590.360.77-0.880.75-0.88
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Native Mineral Account Relationship Matchups

Native Mineral fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.9M2.1M724.0K566.0K159.6K151.6K
Total Current Liabilities41.8K142.1K225.9K371.3K1.9M2.0M
Total Stockholder Equity4.9M2.0M498.0K194.7K(1.7M)(1.6M)
Net Tangible Assets(24.8K)2.0M498.0K194.7K223.9K381.4K
Net Debt(4.9M)(2.0M)(450.0K)(306.8K)1.1M1.2M
Retained Earnings(1.9M)(4.7M)(9.3M)(13.0M)(16.7M)(15.9M)
Accounts Payable41.8K38.3K67.8K38.7K312.0K327.6K
Cash4.9M2.0M450.0K306.8K10.5K9.9K
Cash And Short Term Investments4.9M2.0M450.0K306.8K10.5K9.9K
Net Receivables11.5K36.6K89.9K28.2K26.4K33.6K
Liabilities And Stockholders Equity4.9M2.1M724.0K566.0K159.6K151.6K
Other Current Assets11.5K21.8K19.7K84.8K32.1K30.0K
Total Liab41.8K142.1K225.9K371.3K1.9M2.0M
Total Current Assets4.9M2.1M559.6K419.8K69.0K65.5K
Accumulated Other Comprehensive Income302K353.0K495.0K645.2K293.1K235.1K
Common Stock6.5M6.3M9.3M12.5M14.7M7.7M

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