Labyrinth Change In Working Capital vs Net Income Analysis

LRL Stock

0.24 0.01 4.00%

Labyrinth Resources financial indicator trend analysis is infinitely more than just investigating Labyrinth Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Labyrinth Resources is a good investment. Please check the relationship between Labyrinth Resources Change In Working Capital and its Net Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Labyrinth Resources Limited. 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.

Change In Working Capital vs Net Income

Change In Working Capital vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Labyrinth Resources Change In Working Capital account and Net Income. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Labyrinth Resources' Change In Working Capital and Net Income is 0.11. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Net Income in the same time period over historical financial statements of Labyrinth Resources Limited, assuming nothing else is changed. The correlation between historical values of Labyrinth Resources' Change In Working Capital and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Working Capital of Labyrinth Resources Limited are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Change In Working Capital i.e., Labyrinth Resources' Change In Working Capital and Net Income go up and down completely randomly.

Correlation Coefficient

0.11

Relationship Direction	Positive
Relationship Strength	Insignificant

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Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

Net Income

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

Most indicators from Labyrinth Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Labyrinth 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Labyrinth Resources Limited. 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 gain to about 2.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 624.5 K in 2024.

Labyrinth Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Total Liab	Total Current Assets	Common Stock	Common Stock Shares Outstanding	Short Long Term Debt Total	Non Current Liabilities Total	Non Currrent Assets Other	Other Current Liab	Short Term Investments	Accounts Payable	Good Will	Other Current Assets	Other Stockholder Equity	Intangible Assets	Inventory	Current Deferred Revenue
Total Assets		0.72	0.91	0.88	-0.17	0.05	-0.04	0.89	-0.04	0.66	0.91	0.33	0.12	0.0	-0.04	0.87	0.14	0.38	-0.27	0.7	0.19	0.18	0.2	-0.24	0.87	-0.16
Total Current Liabilities	0.72		0.47	0.55	0.22	-0.1	-0.35	0.51	-0.35	0.32	0.78	0.64	0.07	0.11	0.34	0.52	-0.01	0.69	-0.28	0.62	0.21	0.6	0.2	-0.27	0.56	-0.53
Total Stockholder Equity	0.91	0.47		0.91	-0.36	0.16	0.19	0.91	0.19	0.77	0.81	0.08	0.14	-0.23	-0.1	0.86	0.01	0.07	-0.2	0.75	0.16	-0.12	0.11	-0.15	0.9	0.16
Property Plant And Equipment Net	0.88	0.55	0.91		0.0	0.16	0.0	0.96	0.0	0.75	0.87	-0.04	0.14	-0.41	0.17	0.88	-0.13	0.02	-0.23	0.74	0.19	-0.19	0.09	-0.17	0.97	0.22
Net Debt	-0.17	0.22	-0.36	0.0		-0.01	-0.69	-0.01	-0.69	-0.13	0.07	-0.23	-0.05	-0.34	0.75	-0.06	-0.04	-0.06	0.0	-0.06	0.02	-0.07	-0.1	-0.01	0.03	0.04
Retained Earnings	0.05	-0.1	0.16	0.16	-0.01		-0.21	0.11	-0.21	0.16	0.04	-0.23	-0.89	-0.43	-0.08	0.12	-0.2	-0.18	0.91	0.12	-0.89	-0.2	-0.96	0.94	0.22	0.18
Cash	-0.04	-0.35	0.19	0.0	-0.69	-0.21		-0.05	1.0	-0.02	-0.2	-0.06	0.31	-0.01	-0.33	-0.07	-0.24	-0.27	-0.23	-0.04	0.23	-0.26	0.29	-0.22	-0.05	0.26
Non Current Assets Total	0.89	0.51	0.91	0.96	-0.01	0.11	-0.05		-0.05	0.73	0.91	-0.1	0.2	-0.35	0.16	0.96	0.14	-0.01	-0.26	0.75	0.23	-0.24	0.12	-0.2	0.95	0.26
Cash And Short Term Investments	-0.04	-0.35	0.19	0.0	-0.69	-0.21	1.0	-0.05		-0.02	-0.2	-0.06	0.31	-0.01	-0.33	-0.07	-0.24	-0.27	-0.23	-0.04	0.23	-0.26	0.29	-0.22	-0.05	0.26
Net Receivables	0.66	0.32	0.77	0.75	-0.13	0.16	-0.02	0.73	-0.02		0.64	-0.1	0.11	-0.29	0.06	0.7	-0.09	-0.1	-0.14	0.67	0.12	-0.26	0.04	-0.09	0.72	0.28
Total Liab	0.91	0.78	0.81	0.87	0.07	0.04	-0.2	0.91	-0.2	0.64		0.17	0.18	-0.18	0.3	0.93	0.18	0.27	-0.27	0.84	0.25	0.06	0.15	-0.23	0.88	0.01
Total Current Assets	0.33	0.64	0.08	-0.04	-0.23	-0.23	-0.06	-0.1	-0.06	-0.1	0.17		0.0	0.67	-0.29	-0.09	-0.04	0.94	-0.16	0.0	0.11	0.96	0.26	-0.2	-0.02	-0.9
Common Stock	0.12	0.07	0.14	0.14	-0.05	-0.89	0.31	0.2	0.31	0.11	0.18	0.0		0.17	0.12	0.16	0.18	-0.04	-0.92	0.09	0.98	-0.09	0.92	-0.93	0.08	0.18
Common Stock Shares Outstanding	0.0	0.11	-0.23	-0.41	-0.34	-0.43	-0.01	-0.35	-0.01	-0.29	-0.18	0.67	0.17		-0.52	-0.26	0.38	0.65	-0.2	-0.38	0.17	0.7	0.37	-0.24	-0.43	-0.67
Short Long Term Debt Total	-0.04	0.34	-0.1	0.17	0.75	-0.08	-0.33	0.16	-0.33	0.06	0.3	-0.29	0.12	-0.52		0.18	-0.12	-0.17	-0.14	0.39	0.16	-0.22	0.02	-0.15	0.21	0.22
Non Current Liabilities Total	0.87	0.52	0.86	0.88	-0.06	0.12	-0.07	0.96	-0.07	0.7	0.93	-0.09	0.16	-0.26	0.18		0.28	0.02	-0.2	0.79	0.18	-0.21	0.09	-0.16	0.9	0.24
Non Currrent Assets Other	0.14	-0.01	0.01	-0.13	-0.04	-0.2	-0.24	0.14	-0.24	-0.09	0.18	-0.04	0.18	0.38	-0.12	0.28		0.06	-0.14	0.0	0.14	0.03	0.18	-0.14	-0.06	-0.03
Other Current Liab	0.38	0.69	0.07	0.02	-0.06	-0.18	-0.27	-0.01	-0.27	-0.1	0.27	0.94	-0.04	0.65	-0.17	0.02	0.06		-0.11	-0.01	0.09	0.94	0.21	-0.17	0.08	-0.89
Short Term Investments	-0.27	-0.28	-0.2	-0.23	0.0	0.91	-0.23	-0.26	-0.23	-0.14	-0.27	-0.16	-0.92	-0.2	-0.14	-0.2	-0.14	-0.11		-0.19	-0.93	-0.08	-0.97	0.99	-0.15	0.06
Accounts Payable	0.7	0.62	0.75	0.74	-0.06	0.12	-0.04	0.75	-0.04	0.67	0.84	0.0	0.09	-0.38	0.39	0.79	0.0	-0.01	-0.19		0.13	-0.11	0.03	-0.12	0.73	0.16
Good Will	0.19	0.21	0.16	0.19	0.02	-0.89	0.23	0.23	0.23	0.12	0.25	0.11	0.98	0.17	0.16	0.18	0.14	0.09	-0.93	0.13		0.03	0.92	-0.94	0.14	0.08
Other Current Assets	0.18	0.6	-0.12	-0.19	-0.07	-0.2	-0.26	-0.24	-0.26	-0.26	0.06	0.96	-0.09	0.7	-0.22	-0.21	0.03	0.94	-0.08	-0.11	0.03		0.17	-0.12	-0.17	-0.95
Other Stockholder Equity	0.2	0.2	0.11	0.09	-0.1	-0.96	0.29	0.12	0.29	0.04	0.15	0.26	0.92	0.37	0.02	0.09	0.18	0.21	-0.97	0.03	0.92	0.17		-0.99	0.03	-0.15
Intangible Assets	-0.24	-0.27	-0.15	-0.17	-0.01	0.94	-0.22	-0.2	-0.22	-0.09	-0.23	-0.2	-0.93	-0.24	-0.15	-0.16	-0.14	-0.17	0.99	-0.12	-0.94	-0.12	-0.99		-0.12	0.1
Inventory	0.87	0.56	0.9	0.97	0.03	0.22	-0.05	0.95	-0.05	0.72	0.88	-0.02	0.08	-0.43	0.21	0.9	-0.06	0.08	-0.15	0.73	0.14	-0.17	0.03	-0.12		0.2
Current Deferred Revenue	-0.16	-0.53	0.16	0.22	0.04	0.18	0.26	0.26	0.26	0.28	0.01	-0.9	0.18	-0.67	0.22	0.24	-0.03	-0.89	0.06	0.16	0.08	-0.95	-0.15	0.1	0.2

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Labyrinth Resources Account Relationship Matchups

Labyrinth Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	12.8M	9.9M	27.2M	25.9M	25.2M	40.8M
Total Current Liabilities	1.4M	2.1M	4.5M	2.5M	20.2M	21.2M
Total Stockholder Equity	11.4M	7.7M	10.9M	6.7M	5.0M	4.8M
Property Plant And Equipment Net	8.2M	4.3M	23.8M	171.6K	4.0M	3.8M
Net Debt	(1.3M)	(4.6M)	(2.4M)	(418.2K)	(287.1K)	(301.4K)
Retained Earnings	(284.3M)	(288.3M)	(295.3M)	(301.4M)	(304.7M)	(289.5M)
Cash	1.4M	4.6M	2.4M	418.2K	287.1K	272.7K
Non Current Assets Total	8.9M	4.3M	23.8M	25.1M	4.1M	3.9M
Cash And Short Term Investments	1.4M	4.6M	2.4M	418.2K	287.1K	272.7K
Net Receivables	2.3M	(89.3K)	780.7K	242.5K	15.7K	14.9K
Liabilities And Stockholders Equity	12.8M	9.9M	27.2M	25.9M	25.2M	40.8M
Total Liab	1.4M	2.1M	16.3M	19.2M	20.2M	12.8M
Total Current Assets	3.8M	5.6M	3.4M	764.9K	21.1M	22.2M
Common Stock Shares Outstanding	558.8M	561.1M	785.1M	945.9M	1.2B	1.2B
Non Currrent Assets Other	3.3M	701.1K	16.1K	24.8M	4.0M	3.6M
Other Current Liab	580.6K	1.8M	3.7M	2.1M	19.9M	20.9M
Accounts Payable	627.5K	50.1K	579.7K	264.4K	286.8K	272.5K
Other Current Assets	85.2K	1.1M	182.6K	104.2K	20.8M	21.9M
Net Invested Capital	11.5M	7.7M	10.9M	6.7M	5.0M	7.2M
Net Working Capital	2.5M	3.5M	(1.1M)	(1.8M)	935.7K	669.7K

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