Tower Common Stock Shares Outstanding vs Retained Earnings Analysis

TWR Stock  CAD 0.13  0.00  0.00%   
Tower Resources financial indicator trend analysis is much more than just breaking down Tower Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tower Resources is a good investment. Please check the relationship between Tower Resources Common Stock Shares Outstanding and its Retained Earnings accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tower 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.

Common Stock Shares Outstanding vs Retained Earnings

Common Stock Shares Outstanding vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tower Resources Common Stock Shares Outstanding account and Retained Earnings. At this time, the significance of the direction appears to have pay attention.
The correlation between Tower Resources' Common Stock Shares Outstanding and Retained Earnings is -0.84. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Tower Resources, assuming nothing else is changed. The correlation between historical values of Tower Resources' Common Stock Shares Outstanding and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Tower Resources are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Common Stock Shares Outstanding i.e., Tower Resources' Common Stock Shares Outstanding and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.84
Relationship DirectionNegative 
Relationship StrengthSignificant

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Tower Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tower 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Tower 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.
At this time, Tower Resources' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 26.5 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 761.2 K in 2024.
 2021 2022 2023 2024 (projected)
Other Operating Expenses747.0K664.1K763.8K487.9K
Depreciation And Amortization302.0241.0277.15263.29

Tower Resources fundamental ratios Correlations

0.090.341.0-0.1-0.19-0.730.320.240.980.250.930.32-0.340.330.24-0.16-0.58-0.580.78-0.650.520.85-0.710.77-0.72
0.090.590.060.34-0.4-0.14-0.130.390.00.40.060.060.010.590.41-0.05-0.16-0.16-0.190.140.140.1-0.030.080.15
0.340.590.290.1-0.4-0.30.730.410.260.420.32-0.09-0.281.00.37-0.22-0.18-0.180.14-0.030.240.37-0.110.36-0.23
1.00.060.29-0.1-0.17-0.730.290.230.980.230.930.33-0.330.290.22-0.15-0.58-0.580.78-0.650.520.85-0.720.77-0.71
-0.10.340.1-0.1-0.22-0.27-0.150.18-0.160.19-0.050.460.110.110.260.23-0.31-0.31-0.680.510.260.09-0.14-0.050.57
-0.19-0.4-0.4-0.17-0.220.26-0.14-1.00.02-1.0-0.09-0.360.12-0.4-0.960.320.340.340.15-0.12-0.29-0.210.18-0.15-0.26
-0.73-0.14-0.3-0.73-0.270.26-0.25-0.28-0.68-0.29-0.84-0.580.56-0.29-0.34-0.080.760.76-0.350.23-0.66-0.880.81-0.450.46
0.32-0.130.730.29-0.15-0.14-0.250.170.30.170.32-0.17-0.350.720.11-0.22-0.08-0.080.31-0.130.180.37-0.10.37-0.39
0.240.390.410.230.18-1.0-0.280.170.041.00.140.36-0.140.410.96-0.34-0.35-0.35-0.080.040.320.25-0.210.190.2
0.980.00.260.98-0.160.02-0.680.30.040.040.930.26-0.320.260.02-0.15-0.5-0.50.83-0.680.450.81-0.670.76-0.8
0.250.40.420.230.19-1.0-0.290.171.00.040.150.36-0.140.420.96-0.34-0.36-0.36-0.080.040.320.26-0.220.20.2
0.930.060.320.93-0.05-0.09-0.840.320.140.930.150.43-0.610.30.15-0.1-0.49-0.490.71-0.590.440.91-0.860.73-0.73
0.320.06-0.090.330.46-0.36-0.58-0.170.360.260.360.43-0.4-0.110.32-0.27-0.39-0.39-0.07-0.070.270.43-0.620.160.01
-0.340.01-0.28-0.330.110.120.56-0.35-0.14-0.32-0.14-0.61-0.4-0.24-0.140.04-0.06-0.06-0.30.220.05-0.570.75-0.370.34
0.330.591.00.290.11-0.4-0.290.720.410.260.420.3-0.11-0.240.37-0.22-0.19-0.190.13-0.040.240.36-0.090.35-0.23
0.240.410.370.220.26-0.96-0.340.110.960.020.960.150.32-0.140.37-0.08-0.43-0.43-0.130.070.380.27-0.250.150.26
-0.16-0.05-0.22-0.150.230.32-0.08-0.22-0.34-0.15-0.34-0.1-0.270.04-0.22-0.08-0.15-0.15-0.240.180.13-0.04-0.06-0.20.22
-0.58-0.16-0.18-0.58-0.310.340.76-0.08-0.35-0.5-0.36-0.49-0.39-0.06-0.19-0.43-0.151.0-0.190.16-0.89-0.590.35-0.150.27
-0.58-0.16-0.18-0.58-0.310.340.76-0.08-0.35-0.5-0.36-0.49-0.39-0.06-0.19-0.43-0.151.0-0.190.16-0.89-0.590.35-0.150.27
0.78-0.190.140.78-0.680.15-0.350.31-0.080.83-0.080.71-0.07-0.30.13-0.13-0.24-0.19-0.19-0.790.180.55-0.420.59-0.91
-0.650.14-0.03-0.650.51-0.120.23-0.130.04-0.680.04-0.59-0.070.22-0.040.070.180.160.16-0.79-0.02-0.30.31-0.270.68
0.520.140.240.520.26-0.29-0.660.180.320.450.320.440.270.050.240.380.13-0.89-0.890.18-0.020.67-0.320.32-0.26
0.850.10.370.850.09-0.21-0.880.370.250.810.260.910.43-0.570.360.27-0.04-0.59-0.590.55-0.30.67-0.850.79-0.59
-0.71-0.03-0.11-0.72-0.140.180.81-0.1-0.21-0.67-0.22-0.86-0.620.75-0.09-0.25-0.060.350.35-0.420.31-0.32-0.85-0.660.38
0.770.080.360.77-0.05-0.15-0.450.370.190.760.20.730.16-0.370.350.15-0.2-0.15-0.150.59-0.270.320.79-0.66-0.48
-0.720.15-0.23-0.710.57-0.260.46-0.390.2-0.80.2-0.730.010.34-0.230.260.220.270.27-0.910.68-0.26-0.590.38-0.48
Click cells to compare fundamentals

Tower Resources Account Relationship Matchups

Tower Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.2M7.1M8.1M8.8M10.1M10.6M
Other Current Liab22.6K427.0K28K28.2K32.4K30.8K
Total Current Liabilities194.6K509.3K434.6K282.5K324.8K198.7K
Total Stockholder Equity5.0M6.6M7.7M8.5M9.8M10.3M
Property Plant And Equipment Net4.6M5.2M6.6M967.01.1K1.1K
Net Debt(275.5K)(1.7M)(1.4M)(723.8K)(651.4K)(684.0K)
Retained Earnings(14.3M)(14.3M)(14.6M)(14.8M)(13.3M)(14.0M)
Accounts Payable172.0K82.3K406.6K254.3K292.4K150.2K
Cash275.5K1.7M1.4M723.8K832.3K806.2K
Non Current Assets Total4.7M5.3M6.7M8.0M9.2M9.7M
Cash And Short Term Investments322.7K1.7M1.4M734.7K844.9K810.8K
Common Stock Shares Outstanding108.1M123.4M133.9M142.6M164.0M172.2M
Liabilities And Stockholders Equity5.2M7.1M8.1M8.8M10.1M10.6M
Other Current Assets18.1K17.9K19.3K8.6K9.9K16.7K
Other Stockholder Equity538.0K699.4K715.8K926.2K833.5K791.9K
Total Liab194.6K509.3K434.6K282.5K324.8K205.8K
Total Current Assets529.0K1.8M1.4M769.3K884.7K933.8K
Net Receivables188.2K34.7K24.5K26.1K30.0K28.5K
Accumulated Other Comprehensive Income699.4K715.8K926.2K1.2M1.4M1.4M
Common Stock18.6M20.2M21.3M22.1M25.4M17.8M
Net Tangible Assets4.8M5.0M6.6M7.7M8.8M5.4M
Property Plant Equipment4.0M4.6M5.2M6.6M7.6M4.4M
Net Invested Capital5.0M6.6M7.7M8.5M9.8M6.7M
Net Working Capital334.4K1.3M985.0K486.9K438.2K783.3K
Capital Stock18.6M20.2M21.3M22.1M25.4M21.6M

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