GENM Stock | | | CAD 0.14 0.02 12.50% |
Generation Mining financial indicator trend analysis is much more than just examining Generation Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Generation Mining is a good investment. Please check the relationship between Generation Mining Inventory Turnover and its Capex To Depreciation accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Generation Mining. 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 Turnover vs Capex To Depreciation
Inventory Turnover vs Capex To Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Generation Mining Inventory Turnover account and
Capex To Depreciation. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Generation Mining's Inventory Turnover and Capex To Depreciation is 0.53. Overlapping area represents the amount of variation of Inventory Turnover that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Generation Mining, assuming nothing else is changed. The correlation between historical values of Generation Mining's Inventory Turnover and Capex To Depreciation 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 Turnover of Generation Mining are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Inventory Turnover i.e., Generation Mining's Inventory Turnover and Capex To Depreciation go up and down completely randomly.
Correlation Coefficient | 0.53 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.
Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.
Most indicators from Generation Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Generation Mining 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Generation Mining. 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, Generation Mining's
Selling General Administrative is very stable compared to the past year. As of the 21st of December 2024,
Enterprise Value is likely to grow to about 42.1
M, while
Issuance Of Capital Stock is likely to drop about 8.9
M.
Generation Mining fundamental ratios Correlations
Click cells to compare fundamentals
Generation Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Generation Mining fundamental ratios Accounts
Other Information on Investing in Generation Stock
Balance Sheet is a snapshot of the
financial position of Generation Mining at a specified time, usually calculated after every quarter, six months, or one year. Generation Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Generation Mining 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 Generation currently owns. An asset can also be divided into two categories, current and non-current.