Indiana Operating Income vs Minority Interest Analysis

IDA Stock   0.06  0  1.59%   
Indiana Resources financial indicator trend analysis is infinitely more than just investigating Indiana Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Indiana Resources is a good investment. Please check the relationship between Indiana Resources Operating Income and its Minority Interest accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Indiana Resources. 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.

Operating Income vs Minority Interest

Operating Income vs Minority Interest Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Indiana Resources Operating Income account and Minority Interest. At this time, the significance of the direction appears to have no relationship.
The correlation between Indiana Resources' Operating Income and Minority Interest is 0.07. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Indiana Resources, assuming nothing else is changed. The correlation between historical values of Indiana Resources' Operating Income and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Indiana Resources are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Operating Income i.e., Indiana Resources' Operating Income and Minority Interest go up and down completely randomly.

Correlation Coefficient

0.07
Relationship DirectionPositive 
Relationship StrengthInsignificant

Operating Income

Operating Income is the amount of profit realized from Indiana Resources operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Indiana Resources is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Indiana Resources whose combined shares represent less than 50% of the total outstanding shares issued by Indiana Resources have a minority interest in Indiana Resources.
Most indicators from Indiana Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Indiana Resources 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 Indiana Resources. 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 3.4 M in 2024. Discontinued Operations is likely to drop to about (7.2 M) in 2024
 2023 2024 (projected)
Research Development93.4K83.0K
Minority Interest1.1M1.8M

Indiana Resources fundamental ratios Correlations

0.930.810.970.960.960.1-0.550.930.980.00.930.780.74-0.40.850.980.970.980.930.730.210.80.970.950.78
0.930.590.890.820.810.41-0.30.810.850.130.810.940.52-0.310.980.960.820.980.830.50.190.610.980.90.86
0.810.590.890.810.84-0.47-0.540.940.840.120.940.30.67-0.330.410.790.850.740.920.660.210.970.730.860.4
0.970.890.890.890.91-0.05-0.440.980.930.130.980.690.64-0.350.780.980.920.970.990.620.220.90.960.990.67
0.960.820.810.890.990.02-0.720.860.99-0.140.860.680.88-0.440.740.890.990.880.860.860.190.740.870.860.75
0.960.810.840.910.99-0.04-0.70.890.99-0.160.890.650.87-0.460.710.891.00.880.880.850.190.790.870.880.7
0.10.41-0.47-0.050.02-0.040.2-0.210.00.01-0.210.68-0.11-0.050.590.14-0.050.2-0.16-0.12-0.03-0.470.21-0.020.57
-0.55-0.3-0.54-0.44-0.72-0.70.2-0.44-0.680.35-0.44-0.21-0.950.24-0.24-0.4-0.71-0.38-0.4-0.97-0.27-0.4-0.37-0.37-0.43
0.930.810.940.980.860.89-0.21-0.440.910.141.00.560.62-0.290.670.940.90.911.00.610.220.960.910.980.55
0.980.850.840.930.990.990.0-0.680.91-0.110.910.690.85-0.440.760.931.00.910.90.830.210.790.910.90.73
0.00.130.120.13-0.14-0.160.010.350.14-0.110.140.08-0.360.550.110.13-0.130.130.14-0.29-0.10.150.120.210.15
0.930.810.940.980.860.89-0.21-0.441.00.910.140.560.62-0.290.670.940.90.911.00.610.220.960.910.980.55
0.780.940.30.690.680.650.68-0.210.560.690.080.560.41-0.260.990.810.650.850.60.40.150.310.850.70.91
0.740.520.670.640.880.87-0.11-0.950.620.85-0.360.620.41-0.450.450.610.870.590.590.990.230.540.580.570.59
-0.4-0.31-0.33-0.35-0.44-0.46-0.050.24-0.29-0.440.55-0.29-0.26-0.45-0.27-0.34-0.43-0.32-0.33-0.31-0.19-0.25-0.33-0.31-0.33
0.850.980.410.780.740.710.59-0.240.670.760.110.670.990.45-0.270.880.720.910.70.430.170.430.910.790.9
0.980.960.790.980.890.890.14-0.40.940.930.130.940.810.61-0.340.880.91.00.950.590.220.81.00.980.77
0.970.820.850.920.991.0-0.05-0.710.91.0-0.130.90.650.87-0.430.720.90.890.890.860.20.80.880.890.71
0.980.980.740.970.880.880.2-0.380.910.910.130.910.850.59-0.320.911.00.890.930.580.210.761.00.970.8
0.930.830.920.990.860.88-0.16-0.41.00.90.141.00.60.59-0.330.70.950.890.930.580.20.950.930.990.57
0.730.50.660.620.860.85-0.12-0.970.610.83-0.290.610.40.99-0.310.430.590.860.580.580.20.540.560.560.57
0.210.190.210.220.190.19-0.03-0.270.220.21-0.10.220.150.23-0.190.170.220.20.210.20.20.190.220.180.23
0.80.610.970.90.740.79-0.47-0.40.960.790.150.960.310.54-0.250.430.80.80.760.950.540.190.760.890.32
0.970.980.730.960.870.870.21-0.370.910.910.120.910.850.58-0.330.911.00.881.00.930.560.220.760.970.79
0.950.90.860.990.860.88-0.02-0.370.980.90.210.980.70.57-0.310.790.980.890.970.990.560.180.890.970.68
0.780.860.40.670.750.70.57-0.430.550.730.150.550.910.59-0.330.90.770.710.80.570.570.230.320.790.68
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Indiana Resources Account Relationship Matchups

Indiana Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets652K3.1M6.6M6.9M8.2M7.8M
Other Current Liab124K26K256K189K403K382.9K
Total Current Liabilities1.3M937K670K939K900K855K
Total Stockholder Equity(625K)2.1M5.4M5.7M6.9M6.5M
Property Plant And Equipment Net27K70K207K105K6.4M8.9M
Net Debt(504K)(1.2M)(2.2M)(1.1M)(1.4M)(1.4M)
Retained Earnings(22.8M)(24.5M)(26.6M)(27.0M)(30.7M)(32.3M)
Cash504K1.3M2.4M1.2M1.4M1.3M
Non Current Assets Total27K1.7M3.8M5.4M6.4M6.1M
Non Currrent Assets Other(27K)1.7M3.6M5.3M4.8M5.0M
Cash And Short Term Investments504K1.3M2.4M1.2M1.4M1.3M
Net Receivables102K83K152K241K324K307.8K
Common Stock Shares Outstanding174.2M257.0M425.7M494.0M589.9M619.4M
Liabilities And Stockholders Equity652K3.1M6.6M6.9M8.2M7.8M
Non Current Liabilities Total52K52.0K119K38K22K20.9K
Total Liab1.3M989K789K977K922K875.9K
Property Plant And Equipment Gross27K3.2M4.2M5.5M6.6M9.3M
Total Current Assets495K625K1.4M1.5M1.8M1.7M
Accumulated Other Comprehensive Income6.4M7.0M7.2M5.5M5.2M4.8M
Common Stock15.8M19.6M24.8M27.2M32.4M43.9M
Other Stockholder Equity6.4M7.0M7.2M(1.0)1.01.05
Accounts Payable1.2M901K227K692K487K462.7K
Property Plant Equipment27K1.7M3.8M5.4M6.2M5.9M
Net Tangible Assets(625K)2.1M5.4M5.7M5.1M6.9M
Net Invested Capital(625K)2.1M5.4M5.7M6.9M5.0M
Net Working Capital(652K)451K2.1M543K852K558.3K
Capital Stock15.8M19.6M24.8M27.2M32.4M24.4M

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