Electra Roic vs Book Value Per Share Analysis

ELBM Stock

0.68 0.01 1.49%

Electra Battery financial indicator trend analysis is much more than just examining Electra Battery Materials latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Electra Battery Materials is a good investment. Please check the relationship between Electra Battery Roic and its Book Value Per Share accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electra Battery Materials. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Roic vs Book Value Per Share

Roic vs Book Value Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Electra Battery Materials Roic account and Book Value Per Share. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Electra Battery's Roic and Book Value Per Share is 0.15. Overlapping area represents the amount of variation of Roic that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Electra Battery Materials, assuming nothing else is changed. The correlation between historical values of Electra Battery's Roic and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roic of Electra Battery Materials are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Roic i.e., Electra Battery's Roic and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

0.15

Relationship Direction	Positive
Relationship Strength	Insignificant

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Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Most indicators from Electra Battery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Electra Battery Materials 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electra Battery Materials. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Issuance Of Capital Stock is likely to climb to about 21 M in 2024, whereas Selling General Administrative is likely to drop slightly above 10.3 M in 2024.

Electra Battery fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Net Receivables	Other Stockholder Equity	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Total Liab	Net Invested Capital	Capital Stock	Net Working Capital	Property Plant And Equipment Net	Net Debt
Other Current Liab		0.63	0.7	-0.22	-0.44	0.65	0.23	0.51	0.32	0.52	0.21	-0.09	-0.38	0.72	-0.28	0.3	0.76	-0.65	0.47	0.16	0.71	-0.29	0.53	0.14	0.51	0.34
Total Current Liabilities	0.63		-0.02	-0.08	-0.46	0.99	0.67	0.54	-0.27	0.54	0.52	0.0	-0.32	0.02	-0.06	0.42	0.43	-0.65	0.11	0.17	0.63	-0.19	0.66	-0.64	0.95	0.52
Other Liab	0.7	-0.02		-0.33	-0.41	0.06	0.0	0.39	0.61	0.41	-0.16	-0.18	-0.41	1.0	-0.47	0.29	0.81	-0.52	0.78	0.14	0.6	-0.37	0.39	0.78	-0.04	0.32
Net Tangible Assets	-0.22	-0.08	-0.33		0.67	-0.1	-0.07	-0.5	0.0	-0.42	0.65	0.76	0.78	-0.34	0.82	-0.65	-0.43	0.33	-0.49	-0.55	-0.43	0.82	-0.44	-0.22	-0.13	-0.42
Retained Earnings	-0.44	-0.46	-0.41	0.67		-0.54	-0.66	-0.96	0.34	-0.94	-0.07	0.72	0.97	-0.42	0.86	-0.97	-0.75	0.76	-0.75	-0.6	-0.83	0.91	-0.88	-0.03	-0.57	-0.85
Accounts Payable	0.65	0.99	0.06	-0.1	-0.54		0.74	0.63	-0.25	0.63	0.55	-0.03	-0.39	0.1	-0.11	0.52	0.54	-0.74	0.24	0.18	0.73	-0.24	0.75	-0.58	0.97	0.62
Net Receivables	0.23	0.67	0.0	-0.07	-0.66	0.74		0.67	-0.41	0.7	0.53	-0.05	-0.48	0.03	-0.23	0.69	0.53	-0.82	0.44	0.16	0.72	-0.34	0.86	-0.43	0.84	0.89
Other Stockholder Equity	0.51	0.54	0.39	-0.5	-0.96	0.63	0.67		-0.38	0.99	0.3	-0.67	-0.91	0.4	-0.76	0.94	0.76	-0.75	0.72	0.59	0.86	-0.82	0.88	-0.03	0.61	0.79
Total Current Assets	0.32	-0.27	0.61	0.0	0.34	-0.25	-0.41	-0.38		-0.38	-0.41	0.44	0.33	0.62	0.24	-0.37	0.28	-0.06	0.25	-0.29	0.05	0.35	-0.16	0.64	-0.33	-0.18
Common Stock	0.52	0.54	0.41	-0.42	-0.94	0.63	0.7	0.99	-0.38		0.37	-0.62	-0.88	0.42	-0.72	0.92	0.77	-0.77	0.73	0.51	0.86	-0.78	0.88	-0.02	0.61	0.8
Property Plant Equipment	0.21	0.52	-0.16	0.65	-0.07	0.55	0.53	0.3	-0.41	0.37		0.26	0.09	-0.15	0.31	0.09	0.11	-0.27	-0.03	-0.15	0.25	0.22	0.27	-0.46	0.5	0.19
Total Assets	-0.09	0.0	-0.18	0.76	0.72	-0.03	-0.05	-0.67	0.44	-0.62	0.26		0.85	-0.16	0.9	-0.69	-0.27	0.11	-0.4	-0.71	-0.3	0.91	-0.34	-0.16	-0.02	-0.28
Total Stockholder Equity	-0.38	-0.32	-0.41	0.78	0.97	-0.39	-0.48	-0.91	0.33	-0.88	0.09	0.85		-0.41	0.94	-0.93	-0.67	0.61	-0.71	-0.68	-0.73	0.98	-0.76	-0.12	-0.4	-0.72
Cash	0.72	0.02	1.0	-0.34	-0.42	0.1	0.03	0.4	0.62	0.42	-0.15	-0.16	-0.41		-0.45	0.31	0.84	-0.56	0.79	0.14	0.63	-0.37	0.42	0.75	0.01	0.36
Non Current Assets Total	-0.28	-0.06	-0.47	0.82	0.86	-0.11	-0.23	-0.76	0.24	-0.72	0.31	0.9	0.94	-0.45		-0.78	-0.55	0.41	-0.64	-0.71	-0.53	0.99	-0.55	-0.33	-0.12	-0.53
Non Currrent Assets Other	0.3	0.42	0.29	-0.65	-0.97	0.52	0.69	0.94	-0.37	0.92	0.09	-0.69	-0.93	0.31	-0.78		0.7	-0.73	0.75	0.55	0.82	-0.85	0.89	-0.03	0.56	0.86
Other Assets	0.76	0.43	0.81	-0.43	-0.75	0.54	0.53	0.76	0.28	0.77	0.11	-0.27	-0.67	0.84	-0.55	0.7		-0.9	0.92	0.27	0.95	-0.55	0.85	0.35	0.49	0.77
Common Stock Shares Outstanding	-0.65	-0.65	-0.52	0.33	0.76	-0.74	-0.82	-0.75	-0.06	-0.77	-0.27	0.11	0.61	-0.56	0.41	-0.73	-0.9		-0.76	-0.18	-0.96	0.47	-0.95	0.02	-0.77	-0.92
Non Current Liabilities Total	0.47	0.11	0.78	-0.49	-0.75	0.24	0.44	0.72	0.25	0.73	-0.03	-0.4	-0.71	0.79	-0.64	0.75	0.92	-0.76		0.3	0.84	-0.61	0.77	0.53	0.24	0.75
Other Current Assets	0.16	0.17	0.14	-0.55	-0.6	0.18	0.16	0.59	-0.29	0.51	-0.15	-0.71	-0.68	0.14	-0.71	0.55	0.27	-0.18	0.3		0.32	-0.71	0.37	0.06	0.09	0.32
Total Liab	0.71	0.63	0.6	-0.43	-0.83	0.73	0.72	0.86	0.05	0.86	0.25	-0.3	-0.73	0.63	-0.53	0.82	0.95	-0.96	0.84	0.32		-0.58	0.96	0.06	0.71	0.87
Net Invested Capital	-0.29	-0.19	-0.37	0.82	0.91	-0.24	-0.34	-0.82	0.35	-0.78	0.22	0.91	0.98	-0.37	0.99	-0.85	-0.55	0.47	-0.61	-0.71	-0.58		-0.62	-0.18	-0.25	-0.6
Capital Stock	0.53	0.66	0.39	-0.44	-0.88	0.75	0.86	0.88	-0.16	0.88	0.27	-0.34	-0.76	0.42	-0.55	0.89	0.85	-0.95	0.77	0.37	0.96	-0.62		-0.11	0.78	0.96
Net Working Capital	0.14	-0.64	0.78	-0.22	-0.03	-0.58	-0.43	-0.03	0.64	-0.02	-0.46	-0.16	-0.12	0.75	-0.33	-0.03	0.35	0.02	0.53	0.06	0.06	-0.18	-0.11		-0.63	-0.08
Property Plant And Equipment Net	0.51	0.95	-0.04	-0.13	-0.57	0.97	0.84	0.61	-0.33	0.61	0.5	-0.02	-0.4	0.01	-0.12	0.56	0.49	-0.77	0.24	0.09	0.71	-0.25	0.78	-0.63		0.7
Net Debt	0.34	0.52	0.32	-0.42	-0.85	0.62	0.89	0.79	-0.18	0.8	0.19	-0.28	-0.72	0.36	-0.53	0.86	0.77	-0.92	0.75	0.32	0.87	-0.6	0.96	-0.08	0.7

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Electra Roic vs Book Value Per Share Analysis

Roic vs Book Value Per Share

Roic vs Book Value Per Share Correlation Analysis

Correlation Coefficient

Roic

Book Value Per Share

Electra Battery fundamental ratios Correlations

Electra Battery Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Electra Stock Analysis

COMMON DESTINATIONS

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COMPANY

Cash	+ 1.0	Other Liab
Accounts Payable	+ 0.99	Total Current Liabilities
Common Stock	+ 0.99	Other Stockholder Equity
Net Invested Capital	+ 0.99	Non Current Assets Total
Net Invested Capital	+ 0.98	Total Stockholder Equity
Total Stockholder Equity	+ 0.97	Retained Earnings

Non Currrent Assets Other	- 0.97	Retained Earnings
Total Liab	- 0.96	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.96	Retained Earnings
Capital Stock	- 0.95	Common Stock Shares Outstanding
Common Stock	- 0.94	Retained Earnings
Non Currrent Assets Other	- 0.93	Total Stockholder Equity