Argo Retained Earnings vs Property Plant And Equipment Gross Analysis

ARGO Stock   4.00  0.00  0.00%   
Argo Group financial indicator trend analysis is way more than just evaluating Argo Group Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Argo Group Limited is a good investment. Please check the relationship between Argo Group Retained Earnings and its Property Plant And Equipment Gross accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Argo Group Limited. 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.

Retained Earnings vs Property Plant And Equipment Gross

Retained Earnings vs Property Plant And Equipment Gross Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Argo Group Limited Retained Earnings account and Property Plant And Equipment Gross. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Argo Group's Retained Earnings and Property Plant And Equipment Gross is -0.41. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Property Plant And Equipment Gross in the same time period over historical financial statements of Argo Group Limited, assuming nothing else is changed. The correlation between historical values of Argo Group's Retained Earnings and Property Plant And Equipment Gross is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Argo Group Limited are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Retained Earnings i.e., Argo Group's Retained Earnings and Property Plant And Equipment Gross go up and down completely randomly.

Correlation Coefficient

-0.41
Relationship DirectionNegative 
Relationship StrengthVery Weak

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.

Property Plant And Equipment Gross

Most indicators from Argo Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Argo Group Limited 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 Argo Group Limited. 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 445 K in 2024
 2021 2022 2023 2024 (projected)
Interest Income1.1M971K6K5.7K
Net Interest Income1.1M971K6K5.7K

Argo Group fundamental ratios Correlations

0.090.361.0-0.42-0.710.960.320.720.64-0.57-0.670.570.680.70.32-0.580.530.880.26-0.580.620.820.70.830.51
0.090.870.04-0.2-0.250.04-0.040.25-0.150.18-0.270.34-0.090.020.05-0.140.61-0.070.87-0.250.420.02-0.09-0.090.72
0.360.870.31-0.27-0.670.280.050.670.13-0.13-0.370.460.220.29-0.12-0.210.580.110.97-0.340.530.340.220.170.72
1.00.040.31-0.42-0.690.970.320.690.65-0.58-0.660.560.680.70.34-0.580.510.890.21-0.580.610.820.70.840.48
-0.42-0.2-0.27-0.420.38-0.25-0.34-0.38-0.440.390.53-0.27-0.7-0.73-0.290.77-0.48-0.26-0.080.71-0.33-0.19-0.69-0.37-0.47
-0.71-0.25-0.67-0.690.38-0.6-0.12-1.0-0.540.550.5-0.53-0.65-0.630.140.35-0.3-0.43-0.60.44-0.54-0.72-0.65-0.56-0.42
0.960.040.280.97-0.25-0.60.280.610.52-0.43-0.540.550.480.510.28-0.480.440.890.2-0.410.590.790.510.740.41
0.32-0.040.050.32-0.34-0.120.280.120.22-0.21-0.160.020.310.430.13-0.420.30.37-0.03-0.440.080.260.320.290.1
0.720.250.670.69-0.38-1.00.610.120.54-0.55-0.50.540.650.63-0.13-0.350.30.430.6-0.440.550.720.650.560.42
0.64-0.150.130.65-0.44-0.540.520.220.54-0.97-0.42-0.060.780.770.11-0.390.260.460.05-0.490.00.450.780.710.29
-0.570.18-0.13-0.580.390.55-0.43-0.21-0.55-0.970.40.13-0.76-0.72-0.050.4-0.21-0.46-0.050.460.08-0.51-0.76-0.67-0.28
-0.67-0.27-0.37-0.660.530.5-0.54-0.16-0.5-0.420.4-0.71-0.61-0.66-0.720.63-0.55-0.61-0.270.83-0.75-0.59-0.63-0.51-0.56
0.570.340.460.56-0.27-0.530.550.020.54-0.060.13-0.710.30.350.47-0.320.390.420.4-0.490.980.480.310.310.38
0.68-0.090.220.68-0.7-0.650.480.310.650.78-0.76-0.610.30.970.25-0.520.410.490.09-0.710.350.491.00.750.39
0.70.020.290.7-0.73-0.630.510.430.630.77-0.72-0.660.350.970.34-0.560.510.50.16-0.760.410.470.970.750.47
0.320.05-0.120.34-0.290.140.280.13-0.130.11-0.05-0.720.470.250.34-0.420.480.43-0.19-0.550.520.120.270.350.34
-0.58-0.14-0.21-0.580.770.35-0.48-0.42-0.35-0.390.40.63-0.32-0.52-0.56-0.42-0.57-0.62-0.020.7-0.4-0.53-0.54-0.47-0.55
0.530.610.580.51-0.48-0.30.440.30.30.26-0.21-0.550.390.410.510.48-0.570.50.48-0.550.550.310.420.60.95
0.88-0.070.110.89-0.26-0.430.890.370.430.46-0.46-0.610.420.490.50.43-0.620.50.02-0.470.480.850.520.750.43
0.260.870.970.21-0.08-0.60.2-0.030.60.05-0.05-0.270.40.090.16-0.19-0.020.480.02-0.210.460.290.090.080.63
-0.58-0.25-0.34-0.580.710.44-0.41-0.44-0.44-0.490.460.83-0.49-0.71-0.76-0.550.7-0.55-0.47-0.21-0.55-0.44-0.73-0.51-0.5
0.620.420.530.61-0.33-0.540.590.080.550.00.08-0.750.980.350.410.52-0.40.550.480.46-0.550.490.360.40.52
0.820.020.340.82-0.19-0.720.790.260.720.45-0.51-0.590.480.490.470.12-0.530.310.850.29-0.440.490.520.620.36
0.7-0.090.220.7-0.69-0.650.510.320.650.78-0.76-0.630.311.00.970.27-0.540.420.520.09-0.730.360.520.770.4
0.83-0.090.170.84-0.37-0.560.740.290.560.71-0.67-0.510.310.750.750.35-0.470.60.750.08-0.510.40.620.770.52
0.510.720.720.48-0.47-0.420.410.10.420.29-0.28-0.560.380.390.470.34-0.550.950.430.63-0.50.520.360.40.52
Click cells to compare fundamentals

Argo Group Account Relationship Matchups

Argo Group fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets22.0M23.3M23.3M20.5M6.1M5.8M
Other Current Liab426K297K199K471K602K605.2K
Total Current Liabilities463K415K236K497K618K755.7K
Total Stockholder Equity21.3M22.8M23.1M19.6M5.1M4.9M
Property Plant And Equipment Net661K484K290K607K526K282.6K
Net Debt(863K)(675K)(1.7M)(1.6M)(1.3M)(1.4M)
Retained Earnings(1.5M)122K420K(3.0M)(17.4M)(16.5M)
Accounts Payable17K118K37K26K16K15.2K
Cash863K675K1.7M1.6M1.3M1.3M
Non Current Assets Total717K484K290K607K624K592.8K
Non Currrent Assets Other(717K)(484K)(290K)(607K)98K102.9K
Other Assets120K13.6M13.6M13.3M15.3M16.1M
Cash And Short Term Investments20.2M7.5M7.8M6.0M5.0M4.8M
Common Stock Shares Outstanding45.3M43.3M42.9M39.0M42.4M48.1M
Short Term Investments19.4M6.8M6.1M4.4M3.7M3.5M
Liabilities And Stockholders Equity22.2M23.3M23.3M20.5M6.1M5.8M
Non Current Liabilities Total280K79K37K411K332K348.6K
Other Current Assets978K1.7M1.6M413K400K380K
Other Stockholder Equity23.8M25.5M25.8M22.4M4.7M4.5M
Total Liab743K494K236K908K950K810.8K
Property Plant And Equipment Gross661K484K1.1M815K814K854.7K
Total Current Assets21.2M9.2M9.4M6.5M5.4M5.2M
Accumulated Other Comprehensive Income(2.9M)(3.1M)(3.1M)(3.2M)(3.2M)(3.1M)
Net Tangible Assets23.3M21.3M22.8M23.1M20.8M18.9M
Net Receivables756K511K1.5M275K400K380K
Property Plant Equipment212K661K484K290K333.5K277.7K
Inventory(19.4M)(6.8M)(6.1M)(4.4M)(3.7M)(3.9M)
Net Invested Capital21.5M22.8M23.1M19.6M5.1M4.9M
Net Working Capital20.9M8.8M9.1M6.0M4.8M4.6M

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