| 002738 Stock | | | 36.56 0.67 1.87% |
Sinomine Resource financial indicator trend analysis is much more than just breaking down Sinomine Resource prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sinomine Resource is a good investment. Please check the relationship between Sinomine Resource Net Income and its Free Cash Flow accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Sinomine Resource Exploration. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Net Income vs Free Cash Flow
Net Income vs Free Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sinomine Resource Net Income account and
Free Cash Flow. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Sinomine Resource's Net Income and Free Cash Flow is 0.94. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Sinomine Resource Exploration, assuming nothing else is changed. The correlation between historical values of Sinomine Resource's Net Income and Free Cash Flow 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 Sinomine Resource Exploration are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Net Income i.e., Sinomine Resource's Net Income and Free Cash Flow go up and down completely randomly.
Correlation Coefficient | 0.94 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Sinomine Resource financial statement analysis. It represents the amount of money remaining after all of Sinomine Resource Exploration operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
Most indicators from Sinomine Resource's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sinomine Resource 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Sinomine Resource Exploration. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
The current year's
Selling General Administrative is expected to grow to about 244.5
M, whereas
Tax Provision is forecasted to decline to about 133.6
M.
Sinomine Resource fundamental ratios Correlations
Click cells to compare fundamentals
Sinomine Resource Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sinomine Resource fundamental ratios Accounts
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Other Information on Investing in Sinomine Stock
Balance Sheet is a snapshot of the
financial position of Sinomine Resource at a specified time, usually calculated after every quarter, six months, or one year. Sinomine Resource Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sinomine Resource and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Sinomine currently owns. An asset can also be divided into two categories, current and non-current.