Hemostemix Net Tangible Assets vs Property Plant And Equipment Net Analysis

HEM Stock  CAD 0.08  0.01  5.88%   
Hemostemix financial indicator trend analysis is much more than just examining Hemostemix latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hemostemix is a good investment. Please check the relationship between Hemostemix Net Tangible Assets and its Property Plant And Equipment Net accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hemostemix. 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.

Net Tangible Assets vs Property Plant And Equipment Net

Net Tangible Assets vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hemostemix Net Tangible Assets account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have fragmental relationship.
Net Tangible AssetsProperty Plant And Equipment NetDiversified AwayNet Tangible AssetsProperty Plant And Equipment NetDiversified Away100%
The correlation between Hemostemix's Net Tangible Assets and Property Plant And Equipment Net is 0.54. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Hemostemix, assuming nothing else is changed. The correlation between historical values of Hemostemix's Net Tangible Assets and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Hemostemix are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Net Tangible Assets i.e., Hemostemix's Net Tangible Assets and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.54
Relationship DirectionPositive 
Relationship StrengthWeak

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Hemostemix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hemostemix 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 Hemostemix. 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.
Issuance Of Capital Stock is likely to climb to about 2.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.3 M in 2024.

Hemostemix fundamental ratios Correlations

-0.31-0.380.730.73-0.02-0.780.22-0.170.94-0.02-0.130.950.21-0.33-0.20.18-0.31-0.440.071.00.2-0.01-0.01-0.240.0
-0.310.71-0.78-0.73-0.710.76-0.870.57-0.43-0.70.63-0.410.340.820.72-0.420.90.86-0.71-0.27-0.130.78-0.710.44-0.77
-0.380.71-0.75-0.79-0.70.61-0.760.8-0.44-0.720.66-0.410.230.570.79-0.690.720.77-0.5-0.33-0.490.73-0.690.19-0.68
0.73-0.78-0.750.990.54-0.970.8-0.520.70.54-0.590.680.11-0.84-0.70.42-0.84-0.940.60.690.41-0.630.54-0.590.58
0.73-0.73-0.790.990.54-0.940.79-0.560.710.54-0.560.690.09-0.8-0.690.45-0.82-0.910.530.70.5-0.630.54-0.530.59
-0.02-0.71-0.70.540.54-0.430.89-0.650.021.0-0.79-0.03-0.16-0.7-0.890.73-0.79-0.720.67-0.090.34-0.931.0-0.460.97
-0.780.760.61-0.97-0.94-0.43-0.70.36-0.76-0.420.49-0.74-0.140.790.59-0.310.760.87-0.54-0.75-0.250.5-0.430.6-0.47
0.22-0.87-0.760.80.790.89-0.7-0.680.260.88-0.790.23-0.12-0.92-0.890.57-0.97-0.930.780.170.44-0.960.89-0.590.93
-0.170.570.8-0.52-0.56-0.650.36-0.68-0.28-0.640.6-0.260.40.540.63-0.640.690.58-0.46-0.13-0.690.69-0.640.0-0.69
0.94-0.43-0.440.70.710.02-0.760.26-0.280.02-0.130.99-0.1-0.33-0.230.25-0.36-0.430.020.940.18-0.070.04-0.090.08
-0.02-0.7-0.720.540.541.0-0.420.88-0.640.02-0.8-0.04-0.15-0.68-0.890.73-0.77-0.720.66-0.090.33-0.920.99-0.450.95
-0.130.630.66-0.59-0.56-0.790.49-0.790.6-0.13-0.8-0.080.00.620.91-0.750.670.69-0.71-0.08-0.210.85-0.780.54-0.72
0.95-0.41-0.410.680.69-0.03-0.740.23-0.260.99-0.04-0.08-0.11-0.31-0.160.16-0.34-0.410.010.950.17-0.03-0.02-0.060.04
0.210.340.230.110.09-0.16-0.14-0.120.4-0.1-0.150.0-0.11-0.020.04-0.150.17-0.050.110.220.030.2-0.16-0.53-0.26
-0.330.820.57-0.84-0.8-0.70.79-0.920.54-0.33-0.680.62-0.31-0.020.71-0.320.960.94-0.77-0.28-0.460.8-0.70.67-0.79
-0.20.720.79-0.7-0.69-0.890.59-0.890.63-0.23-0.890.91-0.160.040.71-0.840.780.8-0.73-0.15-0.370.89-0.880.47-0.84
0.18-0.42-0.690.420.450.73-0.310.57-0.640.250.73-0.750.16-0.15-0.32-0.84-0.46-0.450.440.130.37-0.610.72-0.050.62
-0.310.90.72-0.84-0.82-0.790.76-0.970.69-0.36-0.770.67-0.340.170.960.78-0.460.94-0.75-0.26-0.480.88-0.790.54-0.88
-0.440.860.77-0.94-0.91-0.720.87-0.930.58-0.43-0.720.69-0.41-0.050.940.8-0.450.94-0.77-0.39-0.430.81-0.720.64-0.75
0.07-0.71-0.50.60.530.67-0.540.78-0.460.020.66-0.710.010.11-0.77-0.730.44-0.75-0.770.030.25-0.70.65-0.490.63
1.0-0.27-0.330.690.7-0.09-0.750.17-0.130.94-0.09-0.080.950.22-0.28-0.150.13-0.26-0.390.030.180.05-0.08-0.21-0.06
0.2-0.13-0.490.410.50.34-0.250.44-0.690.180.33-0.210.170.03-0.46-0.370.37-0.48-0.430.250.18-0.380.340.010.42
-0.010.780.73-0.63-0.63-0.930.5-0.960.69-0.07-0.920.85-0.030.20.80.89-0.610.880.81-0.70.05-0.38-0.920.54-0.95
-0.01-0.71-0.690.540.541.0-0.430.89-0.640.040.99-0.78-0.02-0.16-0.7-0.880.72-0.79-0.720.65-0.080.34-0.92-0.460.97
-0.240.440.19-0.59-0.53-0.460.6-0.590.0-0.09-0.450.54-0.06-0.530.670.47-0.050.540.64-0.49-0.210.010.54-0.46-0.46
0.0-0.77-0.680.580.590.97-0.470.93-0.690.080.95-0.720.04-0.26-0.79-0.840.62-0.88-0.750.63-0.060.42-0.950.97-0.46
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Hemostemix Account Relationship Matchups

Hemostemix fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets104.3K2.3M563.0K465.3K313.8K298.1K
Other Current Liab2.1M3.2M1.0M2.6M3.0M3.2M
Total Current Liabilities4.1M3.4M4.4M2.6M2.9M2.4M
Total Stockholder Equity(4.0M)(1.1M)(5.3M)(6.8M)(7.4M)(7.0M)
Net Tangible Assets487.8K(4.0M)(1.1M)(6.8M)(6.1M)(5.8M)
Net Debt2.0M(83.0K)1.3M4.0M4.2M4.4M
Retained Earnings(41.5M)(49.2M)(55.5M)(60.8M)(63.3M)(60.1M)
Accounts Payable2.1M3.2M4.4M2.4K2.9M1.6M
Cash24.1K258.0K219.4K135.7K155.4K147.6K
Non Current Assets Total4.5K2.0K902.0407.0184.0174.8
Cash And Short Term Investments24.1K258.0K219.4K135.7K155.4K147.6K
Net Receivables75.8K2.1M342.7K138.9K25.1K23.8K
Common Stock Shares Outstanding15.0M32.2M57.4M70.0M82.5M86.6M
Liabilities And Stockholders Equity104.3K2.3M563.0K465.3K313.8K298.1K
Inventory(88.2K)(13.3K)(45.5K)(342.7)(394.1)(413.81)
Other Current Assets13.3K45.5K342.7190.3K133.1K101.6K
Other Stockholder Equity6.0M8.7M10.1M10.2M11.9M12.5M
Total Liab4.1M3.4M5.8M7.2M7.7M8.1M
Total Current Assets99.8K2.3M562.1K464.9K313.6K297.9K
Accumulated Other Comprehensive Income439.7K1.5M1.5M2.7M1.5M1.5M
Net Invested Capital(2.0M)(923.7K)(3.8M)(2.6M)(3.0M)(2.9M)
Net Working Capital(4.0M)(1.1M)(3.8M)(2.2M)(2.6M)(2.4M)

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