Red Gross Profit vs Net Income Analysis
RMX Stock | 0.01 0 11.11% |
Red Mountain financial indicator trend analysis is much more than just breaking down Red Mountain Mining prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Red Mountain Mining is a good investment. Please check the relationship between Red Mountain Gross Profit and its Net Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Mountain 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 board of governors.
Gross Profit vs Net Income
Gross Profit vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Red Mountain Mining Gross Profit account and Net Income. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Red Mountain's Gross Profit and Net Income is -0.11. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Net Income in the same time period over historical financial statements of Red Mountain Mining, assuming nothing else is changed. The correlation between historical values of Red Mountain's Gross Profit and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Red Mountain Mining are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Gross Profit i.e., Red Mountain's Gross Profit and Net Income go up and down completely randomly.
Correlation Coefficient | -0.11 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Red Mountain Mining minus its cost of goods sold. It is profit before Red Mountain operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Red Mountain Mining financial statement analysis. It represents the amount of money remaining after all of Red Mountain Mining operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Red Mountain's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Red Mountain 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Mountain 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 board of governors. Selling General Administrative is likely to drop to 752.12 in 2024. Issuance Of Capital Stock is likely to drop to about 1.7 M in 2024
Red Mountain fundamental ratios Correlations
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Red Mountain Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Red Mountain fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.3M | 3.9M | 4.7M | 3.3M | 2.5M | 2.6M | |
Total Current Liabilities | 303.8K | 530.1K | 165.3K | 383K | 194.5K | 193.9K | |
Total Stockholder Equity | 1.8M | 2.8M | 4.6M | 2.8M | 2.3M | 2.3M | |
Accounts Payable | 131.6K | 102.0K | 62.3K | 257.6K | 16.8K | 15.9K | |
Cash | 1.4M | 1.7M | 1.7M | 978.6K | 428.4K | 856.6K | |
Net Receivables | 4.8K | 67.2K | 62.0K | 45.6K | 62.6K | 84.6K | |
Short Term Investments | 408.4K | 137.8K | (63.5K) | 51.3K | 59.1K | 64.7K | |
Total Liab | 487.4K | 1.1M | 165.3K | 497.4K | 218.2K | 335.1K | |
Common Stock | 42.3M | 44.5M | 47.4M | 50.0M | 51.9M | 54.5M | |
Net Tangible Assets | 1.8M | 2.8M | 4.6M | 2.8M | 2.5M | 2.4M | |
Retained Earnings | (51.2M) | (52.8M) | (54.3M) | (58.7M) | (61.4M) | (58.4M) | |
Other Stockholder Equity | 0.0 | 10.7M | 1.0 | 11.4M | 1.15 | 1.21 | |
Total Current Assets | 2.0M | 2.0M | 1.8M | 1.1M | 618.8K | 970.4K | |
Other Current Liab | 25.6K | 273.1K | 73.5K | 43.0K | 94.3K | 160.0K | |
Property Plant Equipment | 319.5K | 1.9M | 2.8M | 2.1M | 1.9M | 1.8M | |
Property Plant And Equipment Net | 319.5K | 172.1K | 24.6K | 190.4K | 1.8M | 1.2M | |
Net Debt | (1.1M) | (1.1M) | (1.6M) | (781.7K) | (321.3K) | (337.3K) | |
Non Current Assets Total | 319.5K | 1.9M | 2.9M | 2.1M | 1.9M | 1.6M | |
Cash And Short Term Investments | 1.9M | 1.9M | 1.7M | 1.0M | 479.8K | 755.3K | |
Common Stock Shares Outstanding | 851.4M | 1.2B | 1.5B | 1.9B | 2.7B | 2.9B | |
Liabilities And Stockholders Equity | 2.3M | 3.9M | 4.7M | 3.3M | 2.5M | 4.4M | |
Property Plant And Equipment Gross | 319.5K | 2.1M | 3.3M | 2.2M | 2.0M | 1.9M | |
Accumulated Other Comprehensive Income | 10.7M | 11.2M | 11.4M | 11.5M | 11.8M | 9.4M | |
Other Current Assets | 89.7K | 76.4K | 49.5K | 29.6K | 76.5K | 54.7K | |
Current Deferred Revenue | 25.4K | 272.7K | 73.3K | 42.8K | 87.8K | 92.1K | |
Non Currrent Assets Other | (38.8K) | (646.0) | 0.0 | 1.7M | 2.8M | 1.9M | |
Cash And Equivalents | 1.4M | 1.7M | 1.7M | 978.6K | 880.7K | 1.4M | |
Net Invested Capital | 1.8M | 3.3M | 4.6M | 2.8M | 2.3M | 2.7M | |
Net Working Capital | 1.7M | 1.5M | 1.6M | 766.1K | 424.3K | 403.1K | |
Capital Stock | 42.3M | 44.5M | 47.4M | 50.0M | 51.9M | 50.9M |
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When running Red Mountain's price analysis, check to measure Red Mountain's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Red Mountain is operating at the current time. Most of Red Mountain's value examination focuses on studying past and present price action to predict the probability of Red Mountain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Red Mountain's price. Additionally, you may evaluate how the addition of Red Mountain to your portfolios can decrease your overall portfolio volatility.