Zenith Common Stock vs Inventory Analysis

ZNC Stock

0.04 0 2.44%

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

Common Stock vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zenith Minerals Common Stock account and Inventory. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Zenith Minerals' Common Stock and Inventory is -0.63. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Inventory in the same time period over historical financial statements of Zenith Minerals, assuming nothing else is changed. The correlation between historical values of Zenith Minerals' Common Stock and Inventory 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 of Zenith Minerals are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Common Stock i.e., Zenith Minerals' Common Stock and Inventory go up and down completely randomly.

Correlation Coefficient

-0.63

Relationship Direction	Negative
Relationship Strength	Weak

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Common Stock

Inventory

Most indicators from Zenith Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zenith Minerals 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 Zenith Minerals. 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 about 672.4 K in 2025. Discontinued Operations is likely to drop to about 971.9 K in 2025

	2022	2023	2024	2025 (projected)
Depreciation And Amortization	22.0K	2.0M	2.3M	2.4M
Cost Of Revenue	22.0K	22.3K	20.1K	19.1K

Depreciation And Amortization Cost Of Revenue

Zenith Minerals fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Accounts Payable	Cash	Net Receivables	Other Current Assets	Total Liab	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Other Current Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Current Assets Total	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Inventory	Property Plant And Equipment Gross	Total Current Assets	Other Liab	Non Currrent Assets Other	Net Tangible Assets
Total Assets		0.68	1.0	0.54	0.57	0.29	0.3	0.68	0.73	0.77	0.2	0.69	0.04	-0.61	-0.41	0.84	0.86	0.55	0.71	0.92	-0.9	0.85	0.91	0.22	0.75	0.9
Total Current Liabilities	0.68		0.67	0.88	-0.02	0.3	0.29	1.0	0.7	0.7	0.34	0.75	0.05	-0.02	-0.66	0.76	0.36	0.64	0.69	0.57	-0.55	0.75	0.42	0.36	0.72	0.61
Total Stockholder Equity	1.0	0.67		0.53	0.58	0.29	0.3	0.67	0.72	0.77	0.19	0.69	0.04	-0.62	-0.4	0.84	0.87	0.54	0.71	0.93	-0.9	0.84	0.92	0.21	0.75	0.9
Accounts Payable	0.54	0.88	0.53		-0.09	0.48	0.47	0.89	0.69	0.76	0.17	0.7	0.31	0.1	-0.6	0.78	0.21	0.35	0.64	0.38	-0.43	0.78	0.27	0.24	0.67	0.62
Cash	0.57	-0.02	0.58	-0.09		-0.21	-0.16	-0.02	0.13	0.11	-0.39	0.08	-0.37	-0.99	0.22	0.2	0.86	-0.04	0.14	0.64	-0.7	0.21	0.82	-0.41	0.17	0.45
Net Receivables	0.29	0.3	0.29	0.48	-0.21		0.99	0.3	0.73	0.77	0.07	0.2	0.86	0.26	-0.65	0.64	-0.03	0.25	0.68	0.07	-0.13	0.64	0.1	0.21	0.69	0.63
Other Current Assets	0.3	0.29	0.3	0.47	-0.16	0.99		0.29	0.75	0.76	0.05	0.21	0.84	0.22	-0.67	0.63	0.0	0.27	0.69	0.09	-0.15	0.63	0.13	0.19	0.71	0.64
Total Liab	0.68	1.0	0.67	0.89	-0.02	0.3	0.29		0.7	0.7	0.34	0.74	0.05	-0.02	-0.66	0.76	0.36	0.63	0.69	0.57	-0.55	0.75	0.41	0.36	0.72	0.61
Common Stock	0.73	0.7	0.72	0.69	0.13	0.73	0.75	0.7		0.92	0.31	0.63	0.41	-0.13	-0.86	0.89	0.48	0.69	0.98	0.62	-0.63	0.89	0.57	0.42	0.97	0.87
Property Plant Equipment	0.77	0.7	0.77	0.76	0.11	0.77	0.76	0.7	0.92		0.25	0.65	0.55	-0.1	-0.69	0.98	0.46	0.49	0.87	0.6	-0.62	0.98	0.55	0.36	0.89	0.93
Short Long Term Debt Total	0.2	0.34	0.19	0.17	-0.39	0.07	0.05	0.34	0.31	0.25		0.45	0.11	0.26	-0.45	0.24	-0.03	0.67	0.28	0.17	-0.14	0.24	0.0	0.98	0.21	0.07
Other Current Liab	0.69	0.75	0.69	0.7	0.08	0.2	0.21	0.74	0.63	0.65	0.45		0.09	-0.14	-0.52	0.71	0.46	0.56	0.61	0.65	-0.57	0.71	0.5	0.47	0.58	0.59
Property Plant And Equipment Net	0.04	0.05	0.04	0.31	-0.37	0.86	0.84	0.05	0.41	0.55	0.11	0.09		0.41	-0.38	0.42	-0.31	0.0	0.32	-0.24	0.12	0.41	-0.18	0.21	0.3	0.35
Net Debt	-0.61	-0.02	-0.62	0.1	-0.99	0.26	0.22	-0.02	-0.13	-0.1	0.26	-0.14	0.41		-0.2	-0.2	-0.88	-0.05	-0.14	-0.68	0.74	-0.21	-0.85	0.29	-0.17	-0.44
Retained Earnings	-0.41	-0.66	-0.4	-0.6	0.22	-0.65	-0.67	-0.66	-0.86	-0.69	-0.45	-0.52	-0.38	-0.2		-0.62	-0.12	-0.79	-0.87	-0.31	0.32	-0.61	-0.21	-0.53	-0.82	-0.53
Non Current Assets Total	0.84	0.76	0.84	0.78	0.2	0.64	0.63	0.76	0.89	0.98	0.24	0.71	0.42	-0.2	-0.62		0.56	0.5	0.85	0.69	-0.71	1.0	0.63	0.33	0.87	0.94
Cash And Short Term Investments	0.86	0.36	0.87	0.21	0.86	-0.03	0.0	0.36	0.48	0.46	-0.03	0.46	-0.31	-0.88	-0.12	0.56		0.34	0.5	0.94	-0.88	0.57	0.99	-0.03	0.53	0.73
Common Stock Total Equity	0.55	0.64	0.54	0.35	-0.04	0.25	0.27	0.63	0.69	0.49	0.67	0.56	0.0	-0.05	-0.79	0.5	0.34		0.74	0.52	-0.42	0.49	0.4	0.68	0.64	0.43
Common Stock Shares Outstanding	0.71	0.69	0.71	0.64	0.14	0.68	0.69	0.69	0.98	0.87	0.28	0.61	0.32	-0.14	-0.87	0.85	0.5	0.74		0.64	-0.58	0.84	0.58	0.38	0.96	0.84
Short Term Investments	0.92	0.57	0.93	0.38	0.64	0.07	0.09	0.57	0.62	0.6	0.17	0.65	-0.24	-0.68	-0.31	0.69	0.94	0.52	0.64		-0.85	0.7	0.94	0.17	0.68	0.78
Inventory	-0.9	-0.55	-0.9	-0.43	-0.7	-0.13	-0.15	-0.55	-0.63	-0.62	-0.14	-0.57	0.12	0.74	0.32	-0.71	-0.88	-0.42	-0.58	-0.85		-0.72	-0.9	-0.15	-0.64	-0.79
Property Plant And Equipment Gross	0.85	0.75	0.84	0.78	0.21	0.64	0.63	0.75	0.89	0.98	0.24	0.71	0.41	-0.21	-0.61	1.0	0.57	0.49	0.84	0.7	-0.72		0.64	0.33	0.87	0.94
Total Current Assets	0.91	0.42	0.92	0.27	0.82	0.1	0.13	0.41	0.57	0.55	0.0	0.5	-0.18	-0.85	-0.21	0.63	0.99	0.4	0.58	0.94	-0.9	0.64		0.01	0.62	0.8
Other Liab	0.22	0.36	0.21	0.24	-0.41	0.21	0.19	0.36	0.42	0.36	0.98	0.47	0.21	0.29	-0.53	0.33	-0.03	0.68	0.38	0.17	-0.15	0.33	0.01		0.3	0.16
Non Currrent Assets Other	0.75	0.72	0.75	0.67	0.17	0.69	0.71	0.72	0.97	0.89	0.21	0.58	0.3	-0.17	-0.82	0.87	0.53	0.64	0.96	0.68	-0.64	0.87	0.62	0.3		0.88
Net Tangible Assets	0.9	0.61	0.9	0.62	0.45	0.63	0.64	0.61	0.87	0.93	0.07	0.59	0.35	-0.44	-0.53	0.94	0.73	0.43	0.84	0.78	-0.79	0.94	0.8	0.16	0.88

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Zenith Minerals Account Relationship Matchups

Zenith Minerals fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	13.3M	26.8M	19.3M	14.5M	16.6M	8.9M
Total Current Liabilities	340.7K	303.8K	881.5K	435.4K	500.7K	261.2K
Total Stockholder Equity	13.0M	26.5M	18.4M	14.0M	16.1M	8.7M
Accounts Payable	122.9K	79.1K	551.2K	243.2K	279.6K	293.6K
Cash	1.8M	7.9M	2.3M	1.1M	1.0M	1.9M
Net Receivables	98.4K	70.9K	120.1K	1.8M	2.1M	2.2M
Other Current Assets	18.9K	122.0K	32.0K	1.8M	2.1M	2.2M
Total Liab	340.7K	303.8K	881.5K	435.4K	500.7K	266.2K
Common Stock	22.1M	26.5M	38.8M	40.0M	46.0M	48.3M
Property Plant Equipment	4.0M	6.7M	11.1M	12.4M	14.2M	15.0M
Other Current Liab	217.8K	224.7K	330.3K	192.3K	221.1K	157.4K
Property Plant And Equipment Net	20.8K	16.4K	52.7K	9.6M	8.7M	9.1M
Net Debt	(1.8M)	(7.9M)	(2.3M)	(1.1M)	(1.0M)	(1.1M)
Retained Earnings	(14.4M)	(13.0M)	(22.3M)	(26.9M)	(24.2M)	(23.0M)
Non Current Assets Total	6.7M	11.1M	12.6M	9.8M	11.3M	11.9M
Cash And Short Term Investments	6.5M	15.4M	6.6M	2.9M	3.3M	3.6M
Common Stock Shares Outstanding	231.2M	309.2M	344.7M	352.4M	405.2M	425.5M
Short Term Investments	4.6M	7.5M	4.3M	1.7M	2.0M	1.4M
Liabilities And Stockholders Equity	13.3M	26.8M	19.3M	14.5M	16.6M	9.1M
Inventory	(15.1K)	(7.5M)	(4.3M)	(1.8M)	(1.6M)	(1.5M)
Property Plant And Equipment Gross	6.9M	11.3M	12.6M	9.8M	11.3M	11.9M
Total Current Assets	6.6M	15.7M	6.7M	4.6M	5.3M	3.9M
Accumulated Other Comprehensive Income	867.7K	704.8K	666.9K	946.8K	1.1M	1.1M
Non Currrent Assets Other	4.0M	6.7M	11.0M	12.3M	14.2M	14.9M
Net Tangible Assets	5.8M	13.0M	26.5M	18.4M	21.2M	22.2M
Other Stockholder Equity	(5.7M)	(12.1M)	(25.8M)	(17.7M)	(16.0M)	(15.2M)
Net Invested Capital	13.0M	26.5M	18.4M	14.0M	16.1M	12.5M
Long Term Investments	285.4K	354.6K	182.3K	205.7K	236.6K	237.3K
Net Working Capital	6.2M	15.4M	5.8M	4.2M	4.8M	5.3M
Capital Stock	22.1M	26.5M	38.8M	40.0M	46.0M	34.5M

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