Westaim Net Income vs Total Revenue Analysis

WED Stock

CAD 5.24 0.06 1.16%

Westaim Corp financial indicator trend analysis is more than just analyzing Westaim Corp current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Westaim Corp is a good investment. Please check the relationship between Westaim Corp Net Income and its Total Revenue accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westaim Corp. 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 Income vs Total Revenue

Net Income vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Westaim Corp Net Income account and Total Revenue. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Westaim Corp's Net Income and Total Revenue is 0.57. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Westaim Corp, assuming nothing else is changed. The correlation between historical values of Westaim Corp's Net Income and Total Revenue 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 Income of Westaim Corp are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Net Income i.e., Westaim Corp's Net Income and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.57

Relationship Direction	Positive
Relationship Strength	Weak

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Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Westaim Corp financial statement analysis. It represents the amount of money remaining after all of Westaim Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Total Revenue

Total revenue comprises all receipts Westaim Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Most indicators from Westaim Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Westaim Corp 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westaim Corp. 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, Westaim Corp's Tax Provision is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 1.46 in 2024, whereas Selling General Administrative is likely to drop slightly above 2.3 M in 2024.

Westaim Corp fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Short Term Investments	Short Long Term Debt Total	Other Current Liab	Other Liab	Net Tangible Assets
Total Assets		0.59	0.6	0.35	0.08	-0.18	0.58	-0.08	0.96	-0.05	-0.05	-0.08	0.84	0.05	0.87	-0.05	0.13	0.8	0.9	0.44	0.13	0.1	-0.05	-0.19	-0.08	0.03
Total Current Liabilities	0.59		0.25	0.91	-0.45	-0.07	0.97	0.45	0.37	0.18	-0.1	0.45	0.76	-0.46	0.61	0.51	-0.26	0.83	0.62	0.92	-0.61	-0.49	-0.05	-0.09	0.01	-0.36
Total Stockholder Equity	0.6	0.25		-0.01	-0.18	0.64	0.23	0.24	0.54	-0.54	0.1	0.24	0.18	0.67	0.19	-0.66	0.64	0.15	0.24	0.13	0.06	0.57	-0.52	-0.65	-0.16	0.65
Property Plant And Equipment Net	0.35	0.91	-0.01		-0.39	-0.17	0.92	0.37	0.12	0.28	-0.22	0.37	0.62	-0.58	0.42	0.63	-0.36	0.73	0.44	0.86	-0.82	-0.6	-0.1	0.05	0.13	-0.45
Net Debt	0.08	-0.45	-0.18	-0.39		-0.5	-0.53	-0.97	0.31	0.27	0.42	-0.97	0.06	0.29	0.11	-0.3	-0.1	-0.09	0.1	-0.67	0.49	0.44	0.41	0.61	0.44	0.19
Retained Earnings	-0.18	-0.07	0.64	-0.17	-0.5		-0.06	0.57	-0.26	-0.63	0.02	0.57	-0.5	0.62	-0.55	-0.61	0.59	-0.48	-0.51	-0.02	-0.16	0.48	-0.66	-0.73	-0.2	0.68
Accounts Payable	0.58	0.97	0.23	0.92	-0.53	-0.06		0.51	0.34	0.09	-0.32	0.51	0.73	-0.5	0.6	0.54	-0.22	0.83	0.61	0.96	-0.62	-0.53	-0.17	-0.22	-0.1	-0.39
Cash	-0.08	0.45	0.24	0.37	-0.97	0.57	0.51		-0.31	-0.24	-0.37	1.0	-0.04	-0.22	-0.13	0.24	0.01	0.06	-0.12	0.66	-0.51	-0.4	-0.37	-0.61	-0.32	-0.14
Non Current Assets Total	0.96	0.37	0.54	0.12	0.31	-0.26	0.34	-0.31		-0.06	0.03	-0.31	0.76	0.16	0.84	-0.18	0.19	0.69	0.87	0.19	0.36	0.24	0.02	-0.11	-0.08	0.09
Non Currrent Assets Other	-0.05	0.18	-0.54	0.28	0.27	-0.63	0.09	-0.24	-0.06		0.36	-0.24	0.34	-0.56	0.26	0.54	-0.72	0.28	0.19	0.14	-0.14	-0.48	0.78	0.78	0.53	-0.51
Other Assets	-0.05	-0.1	0.1	-0.22	0.42	0.02	-0.32	-0.37	0.03	0.36		-0.37	-0.08	0.3	-0.13	-0.33	0.05	-0.2	-0.17	-0.38	0.16	0.34	0.46	0.52	0.43	0.33
Cash And Short Term Investments	-0.08	0.45	0.24	0.37	-0.97	0.57	0.51	1.0	-0.31	-0.24	-0.37		-0.04	-0.22	-0.13	0.24	0.01	0.06	-0.12	0.66	-0.51	-0.4	-0.37	-0.61	-0.32	-0.14
Net Receivables	0.84	0.76	0.18	0.62	0.06	-0.5	0.73	-0.04	0.76	0.34	-0.08	-0.04		-0.41	0.96	0.43	-0.37	0.97	0.95	0.63	-0.15	-0.38	0.27	0.15	0.09	-0.45
Common Stock Shares Outstanding	0.05	-0.46	0.67	-0.58	0.29	0.62	-0.5	-0.22	0.16	-0.56	0.3	-0.22	-0.41		-0.36	-0.98	0.7	-0.51	-0.32	-0.59	0.39	0.94	-0.45	-0.36	0.07	0.93
Non Current Liabilities Total	0.87	0.61	0.19	0.42	0.11	-0.55	0.6	-0.13	0.84	0.26	-0.13	-0.13	0.96	-0.36		0.36	-0.24	0.93	1.0	0.5	0.08	-0.31	0.29	0.09	-0.08	-0.43
Inventory	-0.05	0.51	-0.66	0.63	-0.3	-0.61	0.54	0.24	-0.18	0.54	-0.33	0.24	0.43	-0.98	0.36		-0.72	0.53	0.32	0.62	-0.46	-0.96	0.41	0.36	-0.03	-0.94
Other Current Assets	0.13	-0.26	0.64	-0.36	-0.1	0.59	-0.22	0.01	0.19	-0.72	0.05	0.01	-0.37	0.7	-0.24	-0.72		-0.29	-0.17	-0.31	0.24	0.67	-0.67	-0.6	-0.41	0.68
Other Stockholder Equity	0.8	0.83	0.15	0.73	-0.09	-0.48	0.83	0.06	0.69	0.28	-0.2	0.06	0.97	-0.51	0.93	0.53	-0.29		0.93	0.73	-0.26	-0.47	0.15	0.06	-0.05	-0.51
Total Liab	0.9	0.62	0.24	0.44	0.1	-0.51	0.61	-0.12	0.87	0.19	-0.17	-0.12	0.95	-0.32	1.0	0.32	-0.17	0.93		0.5	0.07	-0.27	0.2	0.03	-0.09	-0.39
Total Current Assets	0.44	0.92	0.13	0.86	-0.67	-0.02	0.96	0.66	0.19	0.14	-0.38	0.66	0.63	-0.59	0.5	0.62	-0.31	0.73	0.5		-0.6	-0.63	-0.1	-0.23	-0.13	-0.45
Intangible Assets	0.13	-0.61	0.06	-0.82	0.49	-0.16	-0.62	-0.51	0.36	-0.14	0.16	-0.51	-0.15	0.39	0.08	-0.46	0.24	-0.26	0.07	-0.6		0.52	0.26	0.02	-0.17	0.28
Short Term Investments	0.1	-0.49	0.57	-0.6	0.44	0.48	-0.53	-0.4	0.24	-0.48	0.34	-0.4	-0.38	0.94	-0.31	-0.96	0.67	-0.47	-0.27	-0.63	0.52		-0.36	-0.25	0.1	0.93
Short Long Term Debt Total	-0.05	-0.05	-0.52	-0.1	0.41	-0.66	-0.17	-0.37	0.02	0.78	0.46	-0.37	0.27	-0.45	0.29	0.41	-0.67	0.15	0.2	-0.1	0.26	-0.36		0.77	0.25	-0.48
Other Current Liab	-0.19	-0.09	-0.65	0.05	0.61	-0.73	-0.22	-0.61	-0.11	0.78	0.52	-0.61	0.15	-0.36	0.09	0.36	-0.6	0.06	0.03	-0.23	0.02	-0.25	0.77		0.58	-0.34
Other Liab	-0.08	0.01	-0.16	0.13	0.44	-0.2	-0.1	-0.32	-0.08	0.53	0.43	-0.32	0.09	0.07	-0.08	-0.03	-0.41	-0.05	-0.09	-0.13	-0.17	0.1	0.25	0.58		0.11
Net Tangible Assets	0.03	-0.36	0.65	-0.45	0.19	0.68	-0.39	-0.14	0.09	-0.51	0.33	-0.14	-0.45	0.93	-0.43	-0.94	0.68	-0.51	-0.39	-0.45	0.28	0.93	-0.48	-0.34	0.11

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Westaim Corp Account Relationship Matchups

Westaim Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	410.7M	377.4M	401.7M	413.3M	551.8M	336.9M
Total Current Liabilities	2.1M	2.3M	3.6M	3.3M	14.6M	9.7M
Total Stockholder Equity	354.7M	320.5M	347.7M	363.1M	518.3M	544.3M
Property Plant And Equipment Net	656K	536K	402K	261K	124K	117.8K
Net Debt	(21.6M)	(8.2M)	(6.1M)	(3.2M)	(134.9M)	(128.2M)
Retained Earnings	(42.8M)	(77.2M)	(49.0M)	(31.0M)	153.0M	160.6M
Accounts Payable	2.1M	2.3M	3.6M	3.3M	14.6M	8.8M
Cash	22.2M	8.7M	6.6M	3.4M	135.0M	141.8M
Non Current Assets Total	385.8M	367.4M	394.7M	409.4M	414.4M	260.7M
Non Currrent Assets Other	(656K)	(367.4M)	(394.7M)	(409.4M)	(414.4M)	(393.7M)
Other Assets	3.5M	2.7M	64K	178K	1.5M	1.5M
Cash And Short Term Investments	22.2M	8.7M	6.6M	3.4M	135.0M	141.8M
Net Receivables	279K	1.1M	364K	291K	864K	820.8K
Liabilities And Stockholders Equity	410.7M	377.4M	401.7M	413.3M	551.8M	336.9M
Non Current Liabilities Total	645K	541K	413K	3.3M	128K	121.6K
Inventory	(373.5M)	(346.7M)	(368.1M)	(382.2M)	(386.7M)	(367.4M)
Other Current Assets	375.3M	347.6M	368.2M	382.2M	387.2M	406.6M
Other Stockholder Equity	14.2M	16.5M	15.3M	15.5M	11.5M	10.9M
Total Liab	56.1M	56.8M	54.0M	50.2M	33.5M	31.8M
Total Current Assets	22.2M	9.8M	6.9M	3.7M	135.9M	68.8M
Short Term Investments	373.5M	346.7M	368.1M	382.2M	386.7M	231.9M
Short Long Term Debt Total	645K	541K	413K	261K	128K	121.6K
Other Current Liab	(2.1M)	(2.3M)	(3.6M)	(3.3M)	(14.6M)	(13.9M)
Other Liab	6.4M	6.3M	1.3M	94K	84.6K	80.4K
Net Tangible Assets	354.7M	320.5M	347.7M	363.1M	417.5M	268.9M
Property Plant Equipment	656K	536K	402K	261K	234.9K	223.2K
Long Term Investments	385.8M	366.9M	394.3M	409.1M	414.3M	333.4M

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