29Metals Inventory vs Non Current Assets Total Analysis

29M Stock

0.37 0.01 2.78%

29Metals financial indicator trend analysis is way more than just evaluating 29Metals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 29Metals is a good investment. Please check the relationship between 29Metals Inventory and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in 29Metals. 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.

Inventory vs Non Current Assets Total

Inventory vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 29Metals Inventory account and Non Current Assets Total. At this time, the significance of the direction appears to have pay attention.

The correlation between 29Metals' Inventory and Non Current Assets Total is -0.81. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of 29Metals, assuming nothing else is changed. The correlation between historical values of 29Metals' Inventory and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of 29Metals are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Inventory i.e., 29Metals' Inventory and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

-0.81

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Inventory

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Most indicators from 29Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 29Metals 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 29Metals. 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, 29Metals' Tax Provision is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 158.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 23.6 M in 2024.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	102.7M	194.1M	124.5M	127.2M
Interest Income	90K	1.4M	5.2M	6.1M

Depreciation And Amortization Interest Income

29Metals fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Long Term Debt Total	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity
Common Stock Shares Outstanding		-0.99	0.84	0.63	0.86	-0.96	-0.68	-0.91	-1.0	0.62	0.18	-0.96	-0.83	0.45	-0.97	-0.55	0.65	-0.95	0.5	-0.4	0.88	-0.97	0.39	0.66	0.04	0.23
Total Assets	-0.99		-0.84	-0.48	-0.77	0.97	0.55	0.95	0.99	-0.49	-0.31	0.91	0.73	-0.3	0.93	0.45	-0.53	0.9	-0.35	0.49	-0.86	0.93	-0.39	-0.54	0.1	-0.07
Short Long Term Debt Total	0.84	-0.84		0.51	0.8	-0.83	-0.61	-0.92	-0.87	0.52	0.44	-0.84	-0.59	0.28	-0.83	-0.67	0.62	-0.88	0.36	0.0	0.86	-0.81	0.81	0.68	-0.27	-0.09
Other Current Liab	0.63	-0.48	0.51		0.89	-0.54	-0.99	-0.36	-0.61	0.98	-0.46	-0.81	-0.93	0.87	-0.77	-0.81	0.96	-0.77	0.93	0.25	0.64	-0.73	0.3	0.96	0.64	0.78
Total Current Liabilities	0.86	-0.77	0.8	0.89		-0.84	-0.94	-0.68	-0.87	0.91	-0.02	-0.96	-0.9	0.63	-0.95	-0.74	0.94	-0.97	0.72	0.06	0.91	-0.87	0.55	0.94	0.26	0.45
Total Stockholder Equity	-0.96	0.97	-0.83	-0.54	-0.84		0.6	0.87	0.97	-0.58	-0.36	0.91	0.72	-0.24	0.94	0.39	-0.63	0.94	-0.33	0.42	-0.95	0.87	-0.45	-0.61	0.12	-0.08
Other Liab	-0.68	0.55	-0.61	-0.99	-0.94	0.6		0.45	0.67	-0.98	0.34	0.85	0.92	-0.83	0.82	0.84	-0.98	0.83	-0.9	-0.26	-0.71	0.77	-0.42	-0.99	-0.53	-0.69
Net Tangible Assets	-0.91	0.95	-0.92	-0.36	-0.68	0.87	0.45		0.92	-0.34	-0.43	0.82	0.59	-0.24	0.83	0.52	-0.41	0.82	-0.28	0.37	-0.77	0.87	-0.54	-0.47	0.27	0.11
Property Plant And Equipment Net	-1.0	0.99	-0.87	-0.61	-0.87	0.97	0.67	0.92		-0.62	-0.24	0.96	0.8	-0.41	0.97	0.55	-0.66	0.96	-0.47	0.37	-0.91	0.96	-0.45	-0.67	0.01	-0.18
Current Deferred Revenue	0.62	-0.49	0.52	0.98	0.91	-0.58	-0.98	-0.34	-0.62		-0.35	-0.8	-0.89	0.77	-0.78	-0.73	0.99	-0.79	0.85	0.26	0.71	-0.68	0.36	0.96	0.55	0.71
Net Debt	0.18	-0.31	0.44	-0.46	-0.02	-0.36	0.34	-0.43	-0.24	-0.35		-0.02	0.36	-0.73	-0.06	0.31	-0.23	-0.14	-0.67	-0.21	0.36	0.02	0.56	-0.24	-0.97	-0.89
Retained Earnings	-0.96	0.91	-0.84	-0.81	-0.96	0.91	0.85	0.82	0.96	-0.8	-0.02		0.92	-0.61	1.0	0.71	-0.83	0.99	-0.68	0.18	-0.9	0.97	-0.46	-0.84	-0.21	-0.4
Accounts Payable	-0.83	0.73	-0.59	-0.93	-0.9	0.72	0.92	0.59	0.8	-0.89	0.36	0.92		-0.84	0.91	0.74	-0.86	0.87	-0.88	0.11	-0.71	0.9	-0.19	-0.87	-0.57	-0.72
Cash	0.45	-0.3	0.28	0.87	0.63	-0.24	-0.83	-0.24	-0.41	0.77	-0.73	-0.61	-0.84		-0.56	-0.83	0.72	-0.51	0.99	0.22	0.27	-0.64	0.02	0.77	0.83	0.89
Non Current Assets Total	-0.97	0.93	-0.83	-0.77	-0.95	0.94	0.82	0.83	0.97	-0.78	-0.06	1.0	0.91	-0.56		0.64	-0.8	0.99	-0.63	0.24	-0.92	0.96	-0.43	-0.81	-0.17	-0.36
Non Currrent Assets Other	-0.55	0.45	-0.67	-0.81	-0.74	0.39	0.84	0.52	0.55	-0.73	0.31	0.71	0.74	-0.83	0.64		-0.76	0.67	-0.86	-0.42	-0.48	0.71	-0.53	-0.86	-0.4	-0.51
Other Assets	0.65	-0.53	0.62	0.96	0.94	-0.63	-0.98	-0.41	-0.66	0.99	-0.23	-0.83	-0.86	0.72	-0.8	-0.76		-0.84	0.81	0.3	0.77	-0.7	0.49	0.98	0.44	0.6
Long Term Debt	-0.95	0.9	-0.88	-0.77	-0.97	0.94	0.83	0.82	0.96	-0.79	-0.14	0.99	0.87	-0.51	0.99	0.67	-0.84		-0.6	0.13	-0.96	0.93	-0.56	-0.84	-0.09	-0.29
Cash And Short Term Investments	0.5	-0.35	0.36	0.93	0.72	-0.33	-0.9	-0.28	-0.47	0.85	-0.67	-0.68	-0.88	0.99	-0.63	-0.86	0.81	-0.6		0.25	0.38	-0.67	0.11	0.84	0.79	0.87
Net Receivables	-0.4	0.49	0.0	0.25	0.06	0.42	-0.26	0.37	0.37	0.26	-0.21	0.18	0.11	0.22	0.24	-0.42	0.3	0.13	0.25		-0.14	0.29	0.48	0.35	0.13	0.11
Long Term Debt Total	0.88	-0.86	0.86	0.64	0.91	-0.95	-0.71	-0.77	-0.91	0.71	0.36	-0.9	-0.71	0.27	-0.92	-0.48	0.77	-0.96	0.38	-0.14		-0.8	0.63	0.75	-0.11	0.1
Non Current Liabilities Total	-0.97	0.93	-0.81	-0.73	-0.87	0.87	0.77	0.87	0.96	-0.68	0.02	0.97	0.9	-0.64	0.96	0.71	-0.7	0.93	-0.67	0.29	-0.8		-0.35	-0.74	-0.22	-0.39
Capital Lease Obligations	0.39	-0.39	0.81	0.3	0.55	-0.45	-0.42	-0.54	-0.45	0.36	0.56	-0.46	-0.19	0.02	-0.43	-0.53	0.49	-0.56	0.11	0.48	0.63	-0.35		0.55	-0.47	-0.33
Inventory	0.66	-0.54	0.68	0.96	0.94	-0.61	-0.99	-0.47	-0.67	0.96	-0.24	-0.84	-0.87	0.77	-0.81	-0.86	0.98	-0.84	0.84	0.35	0.75	-0.74	0.55		0.42	0.58
Other Current Assets	0.04	0.1	-0.27	0.64	0.26	0.12	-0.53	0.27	0.01	0.55	-0.97	-0.21	-0.57	0.83	-0.17	-0.4	0.44	-0.09	0.79	0.13	-0.11	-0.22	-0.47	0.42		0.98
Other Stockholder Equity	0.23	-0.07	-0.09	0.78	0.45	-0.08	-0.69	0.11	-0.18	0.71	-0.89	-0.4	-0.72	0.89	-0.36	-0.51	0.6	-0.29	0.87	0.11	0.1	-0.39	-0.33	0.58	0.98

Click cells to compare fundamentals

29Metals Account Relationship Matchups

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for 29Metals Stock Analysis

When running 29Metals' price analysis, check to measure 29Metals' 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 29Metals is operating at the current time. Most of 29Metals' value examination focuses on studying past and present price action to predict the probability of 29Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 29Metals' price. Additionally, you may evaluate how the addition of 29Metals to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

29Metals Inventory vs Non Current Assets Total Analysis

Inventory vs Non Current Assets Total

Inventory vs Non Current Assets Total Correlation Analysis

Correlation Coefficient

Inventory

Non Current Assets Total

29Metals fundamental ratios Correlations

29Metals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Thematic Opportunities

Explore Investment Opportunities

Additional Tools for 29Metals Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Retained Earnings
Property Plant And Equipment Net	+ 0.99	Total Assets
Other Assets	+ 0.99	Current Deferred Revenue
Long Term Debt	+ 0.99	Retained Earnings
Cash And Short Term Investments	+ 0.99	Cash
Long Term Debt	+ 0.99	Non Current Assets Total

Property Plant And Equipment Net	- 1.0	Common Stock Shares Outstanding
Inventory	- 0.99	Other Liab
Other Liab	- 0.99	Other Current Liab
Total Assets	- 0.99	Common Stock Shares Outstanding
Other Assets	- 0.98	Other Liab
Current Deferred Revenue	- 0.98	Other Liab