Grid Roic vs Net Income Per Share Analysis

GRDM Stock  CAD 0.04  0.01  12.50%   
Grid Metals financial indicator trend analysis is much more than just examining Grid Metals Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Grid Metals Corp is a good investment. Please check the relationship between Grid Metals Roic and its Net Income Per Share accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grid Metals Corp. 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 Net Income Per Share

Roic vs Net Income Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Grid Metals Corp Roic account and Net Income Per Share. At this time, the significance of the direction appears to have no relationship.
The correlation between Grid Metals' Roic and Net Income Per Share is 0.05. Overlapping area represents the amount of variation of Roic that can explain the historical movement of Net Income Per Share in the same time period over historical financial statements of Grid Metals Corp, assuming nothing else is changed. The correlation between historical values of Grid Metals' Roic and Net Income 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 Grid Metals Corp are associated (or correlated) with its Net Income Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income Per Share has no effect on the direction of Roic i.e., Grid Metals' Roic and Net Income Per Share go up and down completely randomly.

Correlation Coefficient

0.05
Relationship DirectionPositive 
Relationship StrengthInsignificant

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.

Net Income Per Share

Most indicators from Grid Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Grid Metals Corp 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 Grid Metals Corp. 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.
At this time, Grid Metals' Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to climb to about 1.2 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 74.9 K in 2024.
 2021 2022 2023 2024 (projected)
Other Operating Expenses4.4M9.4M10.9M11.4M
Depreciation And Amortization12.4K25.2K22.7K12.6K

Grid Metals fundamental ratios Correlations

-0.20.920.920.360.420.48-0.30.91-0.53-0.35-0.22-0.380.56-0.07-0.35-0.32-0.53-0.85-0.20.21-0.350.50.15-0.50.49
-0.2-0.52-0.49-0.75-0.72-0.160.24-0.5-0.190.860.940.88-0.260.960.670.360.750.160.560.550.18-0.6-0.890.72-0.58
0.92-0.520.970.560.610.48-0.310.97-0.41-0.6-0.54-0.640.58-0.41-0.52-0.38-0.74-0.81-0.420.0-0.310.640.52-0.620.63
0.92-0.490.970.670.640.54-0.51.0-0.37-0.66-0.49-0.660.62-0.35-0.65-0.54-0.75-0.81-0.31-0.01-0.330.690.46-0.680.68
0.36-0.750.560.670.840.43-0.790.680.23-0.98-0.7-0.880.47-0.67-0.99-0.79-0.74-0.3-0.25-0.39-0.330.780.64-0.880.79
0.42-0.720.610.640.840.37-0.570.660.44-0.84-0.67-0.920.46-0.64-0.78-0.55-0.5-0.18-0.09-0.3-0.450.830.63-0.870.85
0.48-0.160.480.540.430.37-0.370.54-0.27-0.39-0.25-0.450.90.0-0.4-0.23-0.42-0.610.060.57-0.430.50.24-0.520.56
-0.30.24-0.31-0.5-0.79-0.57-0.37-0.52-0.220.650.130.47-0.360.130.870.90.380.23-0.210.170.28-0.61-0.10.59-0.63
0.91-0.50.971.00.680.660.54-0.52-0.34-0.68-0.5-0.670.62-0.37-0.67-0.55-0.75-0.8-0.3-0.02-0.330.70.47-0.690.69
-0.53-0.19-0.41-0.370.230.44-0.27-0.22-0.34-0.2-0.09-0.25-0.26-0.24-0.21-0.120.350.760.39-0.37-0.110.160.1-0.180.19
-0.350.86-0.6-0.66-0.98-0.84-0.390.65-0.68-0.20.830.94-0.460.790.940.70.80.30.40.450.3-0.76-0.780.87-0.77
-0.220.94-0.54-0.49-0.7-0.67-0.250.13-0.5-0.090.830.87-0.310.940.60.230.790.220.670.460.13-0.54-0.940.7-0.54
-0.380.88-0.64-0.66-0.88-0.92-0.450.47-0.67-0.250.940.87-0.540.820.810.520.720.290.380.330.4-0.81-0.840.89-0.82
0.56-0.260.580.620.470.460.9-0.360.62-0.26-0.46-0.31-0.54-0.13-0.43-0.3-0.52-0.64-0.070.56-0.720.60.32-0.570.63
-0.070.96-0.41-0.35-0.67-0.640.00.13-0.37-0.240.790.940.82-0.130.580.250.70.070.690.620.14-0.55-0.890.63-0.52
-0.350.67-0.52-0.65-0.99-0.78-0.40.87-0.67-0.210.940.60.81-0.430.580.870.70.290.170.40.28-0.73-0.550.82-0.75
-0.320.36-0.38-0.54-0.79-0.55-0.230.9-0.55-0.120.70.230.52-0.30.250.870.470.24-0.040.370.27-0.52-0.210.6-0.52
-0.530.75-0.74-0.75-0.74-0.5-0.420.38-0.750.350.80.790.72-0.520.70.70.470.640.70.230.22-0.59-0.720.66-0.58
-0.850.16-0.81-0.81-0.3-0.18-0.610.23-0.80.760.30.220.29-0.640.070.290.240.640.4-0.340.26-0.5-0.20.37-0.49
-0.20.56-0.42-0.31-0.25-0.090.06-0.21-0.30.390.40.670.38-0.070.690.17-0.040.70.40.34-0.03-0.25-0.630.24-0.19
0.210.550.0-0.01-0.39-0.30.570.17-0.02-0.370.450.460.330.560.620.40.370.23-0.340.34-0.4-0.06-0.410.23-0.03
-0.350.18-0.31-0.33-0.33-0.45-0.430.28-0.33-0.110.30.130.4-0.720.140.280.270.220.26-0.03-0.4-0.53-0.060.54-0.52
0.5-0.60.640.690.780.830.5-0.610.70.16-0.76-0.54-0.810.6-0.55-0.73-0.52-0.59-0.5-0.25-0.06-0.530.53-0.81.0
0.15-0.890.520.460.640.630.24-0.10.470.1-0.78-0.94-0.840.32-0.89-0.55-0.21-0.72-0.2-0.63-0.41-0.060.53-0.550.52
-0.50.72-0.62-0.68-0.88-0.87-0.520.59-0.69-0.180.870.70.89-0.570.630.820.60.660.370.240.230.54-0.8-0.55-0.82
0.49-0.580.630.680.790.850.56-0.630.690.19-0.77-0.54-0.820.63-0.52-0.75-0.52-0.58-0.49-0.19-0.03-0.521.00.52-0.82
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Grid Metals Account Relationship Matchups

Grid Metals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets28.9M32.7M3.0M12.9M12.8M22.7M
Total Current Liabilities186.7K611.3K438.4K1.3M4.2M4.5M
Total Stockholder Equity28.7M31.1M2.5M11.5M6.1M5.8M
Property Plant And Equipment Net27.7M29.5M30.4K83.0K4.1M3.9M
Net Debt(1.1M)(3.0M)(2.8M)(9.3M)(8.4M)(8.0M)
Retained Earnings(28.4M)(29.5M)(61.9M)(60.0M)(69.3M)(65.8M)
Accounts Payable234.9K103.0K49.1K235.2K270.5K312.3K
Cash1.1M3.0M2.9M9.4M2.7M2.8M
Non Current Assets Total27.7M29.5M30.4K83.0K4.1M3.9M
Cash And Short Term Investments1.1M3.1M2.9M12.3M14.1M14.9M
Net Receivables11.2K71.5K47.2K186.4K5.1M5.3M
Common Stock Shares Outstanding42.7M59.4M87.6M124.9M203.9M214.1M
Liabilities And Stockholders Equity28.9M32.7M3.0M12.9M14.8M23.1M
Other Stockholder Equity7.3M8.0M9.1M8.9M10.2M9.7M
Total Liab190.6K1.6M516.4K1.4M6.7M7.0M
Total Current Assets1.2M3.2M3.0M12.8M8.7M9.1M
Short Term Investments49.7K52.8K12.1K2.9M755.4K793.1K
Non Current Liabilities Total3.9K1.0M78.0K64.6K2.5M2.6M
Net Tangible Assets28.9M28.7M2.5M2.5M2.2M2.1M
Common Stock49.7M52.6M55.2M62.6M72.0M57.5M
Property Plant Equipment27.5M27.7M3.7K30.4K27.3K26.0K
Net Invested Capital28.7M31.1M2.5M11.6M6.2M5.9M
Net Working Capital971.2K2.6M2.5M11.5M4.4M4.2M
Capital Stock49.7M52.6M55.2M62.6M66.9M61.7M

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Additional Tools for Grid Stock Analysis

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