South Total Assets vs Operating Income Analysis
| SPMC Stock | 0.45 0.00 0.00% |
South Pacific financial indicator trend analysis is much more than just breaking down South Pacific Metals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether South Pacific Metals is a good investment. Please check the relationship between South Pacific Total Assets and its Operating Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in South Pacific Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
Total Assets vs Operating Income
Total Assets vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of South Pacific Metals Total Assets account and Operating Income. At this time, the significance of the direction appears to have pay attention.
The correlation between South Pacific's Total Assets and Operating Income is -0.89. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Operating Income in the same time period over historical financial statements of South Pacific Metals, assuming nothing else is changed. The correlation between historical values of South Pacific's Total Assets and Operating 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 Total Assets of South Pacific Metals are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Total Assets i.e., South Pacific's Total Assets and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.89 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Total Assets
Total assets refers to the total amount of South Pacific 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 South Pacific Metals 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.Operating Income
Operating Income is the amount of profit realized from South Pacific Metals operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of South Pacific Metals is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most indicators from South Pacific's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into South Pacific Metals 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 World Market Map to better understand how to build diversified portfolios, which includes a position in South Pacific Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. Selling General Administrative is likely to drop to about 667.2 K in 2024. Issuance Of Capital Stock is likely to drop to about 1.4 M in 2024
South Pacific fundamental ratios Correlations
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South Pacific Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for South Stock Analysis
When running South Pacific's price analysis, check to measure South Pacific'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 South Pacific is operating at the current time. Most of South Pacific's value examination focuses on studying past and present price action to predict the probability of South Pacific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move South Pacific's price. Additionally, you may evaluate how the addition of South Pacific to your portfolios can decrease your overall portfolio volatility.