Canada Net Income vs Total Operating Expenses Analysis

LL Stock

CAD 0.01 0.01 25.00%

Canada Rare financial indicator trend analysis is way more than just evaluating Canada Rare Earth prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canada Rare Earth is a good investment. Please check the relationship between Canada Rare Net Income and its Total Operating Expenses accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Canada Rare Earth. 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 Income vs Total Operating Expenses

Net Income vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canada Rare Earth Net Income account and Total Operating Expenses. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Canada Rare's Net Income and Total Operating Expenses is -0.61. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Canada Rare Earth, assuming nothing else is changed. The correlation between historical values of Canada Rare's Net Income and Total Operating Expenses 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 Income of Canada Rare Earth are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Net Income i.e., Canada Rare's Net Income and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

-0.61

Relationship Direction	Negative
Relationship Strength	Weak

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Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Canada Rare Earth financial statement analysis. It represents the amount of money remaining after all of Canada Rare Earth operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Most indicators from Canada Rare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canada Rare Earth 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Canada Rare Earth. 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.

Enterprise Value is likely to climb to about 7.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 831.9 K in 2024.

Canada Rare fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Short Term Debt	Short Term Investments	Net Tangible Assets	Other Current Assets	Common Stock	Property Plant Equipment	Inventory	Long Term Investments	Intangible Assets
Total Assets		-0.24	0.85	0.88	-0.2	0.2	-0.47	-0.09	0.89	0.84	-0.02	-0.2	0.64	-0.21	0.82	-0.22	-0.42	-0.2	0.84	0.2	0.02	-0.07	0.63	0.0	0.59	-0.13
Total Current Liabilities	-0.24		-0.71	-0.53	0.57	-0.7	0.43	0.37	-0.49	-0.32	0.68	0.45	-0.22	0.99	0.2	0.64	0.47	0.58	-0.37	-0.66	0.85	0.61	-0.66	0.77	-0.39	-0.29
Total Stockholder Equity	0.85	-0.71		0.92	-0.42	0.51	-0.56	-0.3	0.92	0.77	-0.36	-0.39	0.57	-0.69	0.48	-0.51	-0.54	-0.46	0.81	0.5	-0.45	-0.37	0.81	-0.41	0.63	0.05
Property Plant And Equipment Net	0.88	-0.53	0.92		-0.42	0.4	-0.46	-0.07	0.82	0.89	-0.24	-0.3	0.58	-0.52	0.64	-0.34	-0.39	-0.31	0.86	0.33	-0.39	-0.3	0.83	-0.43	0.52	-0.01
Net Debt	-0.2	0.57	-0.42	-0.42		-0.41	0.41	-0.31	-0.27	-0.39	0.89	0.31	-0.44	0.52	-0.01	0.63	0.17	0.76	-0.23	-0.32	0.47	0.43	-0.47	0.55	-0.03	-0.3
Retained Earnings	0.2	-0.7	0.51	0.4	-0.41		-0.62	-0.26	0.28	0.34	-0.52	-0.91	-0.14	-0.67	0.01	-0.56	-0.58	-0.54	0.35	0.97	-0.49	-0.96	0.75	-0.45	0.64	0.02
Accounts Payable	-0.47	0.43	-0.56	-0.46	0.41	-0.62		0.01	-0.55	-0.35	0.44	0.61	-0.43	0.39	-0.23	0.51	0.79	0.49	-0.28	-0.6	0.05	0.64	-0.6	0.1	-0.43	-0.32
Cash	-0.09	0.37	-0.3	-0.07	-0.31	-0.26	0.01		-0.32	0.17	-0.1	0.17	0.3	0.42	0.21	0.41	0.1	0.19	-0.15	-0.39	0.14	0.08	-0.14	-0.03	-0.39	0.24
Non Current Assets Total	0.89	-0.49	0.92	0.82	-0.27	0.28	-0.55	-0.32		0.61	-0.15	-0.24	0.68	-0.47	0.49	-0.43	-0.5	-0.36	0.65	0.32	-0.16	-0.14	0.66	-0.14	0.6	0.03
Cash And Short Term Investments	0.84	-0.32	0.77	0.89	-0.39	0.34	-0.35	0.17	0.61		-0.24	-0.29	0.49	-0.29	0.82	-0.15	-0.33	-0.19	0.93	0.25	-0.26	-0.25	0.66	-0.29	0.47	-0.11
Net Receivables	-0.02	0.68	-0.36	-0.24	0.89	-0.52	0.44	-0.1	-0.15	-0.24		0.37	-0.27	0.65	0.19	0.69	0.3	0.77	-0.16	-0.44	0.56	0.53	-0.34	0.56	-0.04	-0.34
Common Stock Shares Outstanding	-0.2	0.45	-0.39	-0.3	0.31	-0.91	0.61	0.17	-0.24	-0.29	0.37		0.14	0.41	-0.13	0.49	0.58	0.49	-0.29	-0.89	0.2	0.92	-0.66	0.17	-0.6	0.06
Other Stockholder Equity	0.64	-0.22	0.57	0.58	-0.44	-0.14	-0.43	0.3	0.68	0.49	-0.27	0.14		-0.18	0.4	-0.14	-0.38	-0.22	0.36	-0.2	-0.07	0.14	0.28	-0.12	-0.01	0.48
Total Liab	-0.21	0.99	-0.69	-0.52	0.52	-0.67	0.39	0.42	-0.47	-0.29	0.65	0.41	-0.18		0.24	0.63	0.42	0.55	-0.36	-0.64	0.87	0.58	-0.64	0.8	-0.36	-0.28
Total Current Assets	0.82	0.2	0.48	0.64	-0.01	0.01	-0.23	0.21	0.49	0.82	0.19	-0.13	0.4	0.24		0.09	-0.19	0.05	0.78	-0.02	0.32	0.06	0.35	0.27	0.4	-0.31
Short Long Term Debt Total	-0.22	0.64	-0.51	-0.34	0.63	-0.56	0.51	0.41	-0.43	-0.15	0.69	0.49	-0.14	0.63	0.09		0.22	0.96	-0.25	-0.58	0.29	0.49	-0.47	0.27	-0.28	-0.03
Other Current Liab	-0.42	0.47	-0.54	-0.39	0.17	-0.58	0.79	0.1	-0.5	-0.33	0.3	0.58	-0.38	0.42	-0.19	0.22		0.18	-0.28	-0.58	0.18	0.59	-0.52	0.07	-0.53	-0.3
Short Term Debt	-0.2	0.58	-0.46	-0.31	0.76	-0.54	0.49	0.19	-0.36	-0.19	0.77	0.49	-0.22	0.55	0.05	0.96	0.18		-0.22	-0.53	0.26	0.49	-0.44	0.26	-0.23	-0.07
Short Term Investments	0.84	-0.37	0.81	0.86	-0.23	0.35	-0.28	-0.15	0.65	0.93	-0.16	-0.29	0.36	-0.36	0.78	-0.25	-0.28	-0.22		0.29	-0.25	-0.2	0.61	-0.23	0.5	-0.15
Net Tangible Assets	0.2	-0.66	0.5	0.33	-0.32	0.97	-0.6	-0.39	0.32	0.25	-0.44	-0.89	-0.2	-0.64	-0.02	-0.58	-0.58	-0.53	0.29		-0.39	-0.91	0.7	-0.33	0.73	-0.09
Other Current Assets	0.02	0.85	-0.45	-0.39	0.47	-0.49	0.05	0.14	-0.16	-0.26	0.56	0.2	-0.07	0.87	0.32	0.29	0.18	0.26	-0.25	-0.39		0.45	-0.48	0.95	-0.11	-0.3
Common Stock	-0.07	0.61	-0.37	-0.3	0.43	-0.96	0.64	0.08	-0.14	-0.25	0.53	0.92	0.14	0.58	0.06	0.49	0.59	0.49	-0.2	-0.91	0.45		-0.7	0.44	-0.49	-0.12
Property Plant Equipment	0.63	-0.66	0.81	0.83	-0.47	0.75	-0.6	-0.14	0.66	0.66	-0.34	-0.66	0.28	-0.64	0.35	-0.47	-0.52	-0.44	0.61	0.7	-0.48	-0.7		-0.51	0.67	-0.04
Inventory	0.0	0.77	-0.41	-0.43	0.55	-0.45	0.1	-0.03	-0.14	-0.29	0.56	0.17	-0.12	0.8	0.27	0.27	0.07	0.26	-0.23	-0.33	0.95	0.44	-0.51		-0.01	-0.35
Long Term Investments	0.59	-0.39	0.63	0.52	-0.03	0.64	-0.43	-0.39	0.6	0.47	-0.04	-0.6	-0.01	-0.36	0.4	-0.28	-0.53	-0.23	0.5	0.73	-0.11	-0.49	0.67	-0.01		-0.5
Intangible Assets	-0.13	-0.29	0.05	-0.01	-0.3	0.02	-0.32	0.24	0.03	-0.11	-0.34	0.06	0.48	-0.28	-0.31	-0.03	-0.3	-0.07	-0.15	-0.09	-0.3	-0.12	-0.04	-0.35	-0.5

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Canada Rare Account Relationship Matchups

Canada Rare fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.5M	603.1K	1.2M	2.3M	3.1M	2.9M
Total Current Liabilities	1.4M	661.6K	1.4M	1.7M	2.8M	2.9M
Total Stockholder Equity	(46.0K)	(183.5K)	(532.2K)	6.1K	(787.2K)	(747.8K)
Net Debt	(164.2K)	(30.6K)	458.7K	1.0M	508.3K	533.8K
Retained Earnings	(25.1M)	(25.7M)	(26.8M)	(26.6M)	(27.5M)	(26.1M)
Accounts Payable	533.4K	668.2K	793.2K	590.3K	177.1K	252.3K
Cash	204.3K	33.8K	77.0K	220.6K	221.6K	333.2K
Non Current Assets Total	919.2K	240.3K	717.0K	1.0M	1.1M	1.4M
Cash And Short Term Investments	514.2K	204.3K	33.8K	220.6K	221.6K	210.5K
Net Receivables	197.8K	5.4K	324.7K	574.2K	375.4K	394.1K
Common Stock Shares Outstanding	200.1M	204.2M	205.6M	209.7M	210.6M	114.6M
Liabilities And Stockholders Equity	1.1M	1.5M	603.1K	2.3M	3.1M	3.0M
Other Stockholder Equity	8.3M	8.3M	8.5M	8.8M	10.1M	11.3M
Total Liab	1.6M	786.6K	1.7M	2.3M	3.9M	4.1M
Total Current Assets	600.5K	362.8K	478.5K	1.3M	2.0M	2.1M
Short Long Term Debt Total	1.1M	40.1K	3.3K	1.2M	729.9K	520.1K
Other Current Liab	324K	1.3M	658.4K	590.3K	336.2K	334.2K
Short Term Debt	1.1M	36.8K	3.3K	1.1M	632.1K	424.2K
Net Tangible Assets	(65.9K)	(183.5K)	(596.6K)	(31.6K)	(28.5K)	(27.1K)
Other Current Assets	323.6K	73.3K	59.7K	464.8K	1.4M	1.4M
Common Stock	16.8M	17.0M	17.5M	17.6M	17.6M	16.4M
Accumulated Other Comprehensive Income	8.3M	8.3M	8.5M	9.0M	9.1M	8.8M
Inventory	(125.1K)	250.3K	59.7K	453.1K	1.4M	1.4M
Intangible Assets	19.9K	1.0	64.4K	37.8K	11.1K	10.6K
Non Current Liabilities Total	179.3K	125K	349.4K	602.7K	1.1M	1.2M
Short Long Term Debt	410.4K	1.1M	535.7K	1.0M	1.2M	713.1K
Other Liab	250K	176K	125K	436.4K	392.7K	207.9K
Net Invested Capital	(46.0K)	(183.5K)	3.5K	1.0M	1.2M	1.2M
Net Working Capital	(785.9K)	(298.9K)	(899.9K)	(406.4K)	(365.7K)	(384.0K)
Capital Stock	16.8M	17.0M	17.5M	17.6M	20.2M	18.5M

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