Themac Non Current Assets Total vs Selling General Administrative Analysis

MAC Stock  CAD 0.04  0.01  16.67%   
Themac Resources financial indicator trend analysis is much more than just breaking down Themac Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Themac Resources is a good investment. Please check the relationship between Themac Resources Non Current Assets Total and its Selling General Administrative accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Themac Resources Group. 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.

Non Current Assets Total vs Selling General Administrative

Non Current Assets Total vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Themac Resources Non Current Assets Total account and Selling General Administrative. At this time, the significance of the direction appears to have pay attention.
The correlation between Themac Resources' Non Current Assets Total and Selling General Administrative is -0.81. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Themac Resources Group, assuming nothing else is changed. The correlation between historical values of Themac Resources' Non Current Assets Total and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Themac Resources Group are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Non Current Assets Total i.e., Themac Resources' Non Current Assets Total and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

-0.81
Relationship DirectionNegative 
Relationship StrengthSignificant

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Selling General Administrative

Most indicators from Themac Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Themac 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 Themac Resources Group. 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 1 M in 2024

Themac Resources fundamental ratios Correlations

0.610.91-0.860.94-0.87-0.910.460.35-0.7-0.760.03-0.920.940.920.950.120.930.510.990.88-0.7-0.74-0.82-0.85-0.4
0.610.73-0.850.66-0.75-0.830.070.22-0.6-0.72-0.22-0.530.430.730.64-0.060.430.740.60.81-0.71-0.96-0.75-0.76-0.71
0.910.73-0.950.94-0.96-0.960.250.15-0.86-0.89-0.14-0.880.731.00.98-0.050.890.540.920.91-0.84-0.87-0.77-0.97-0.35
-0.86-0.85-0.95-0.850.970.99-0.11-0.170.860.930.270.84-0.64-0.95-0.910.11-0.77-0.65-0.85-0.950.890.950.870.980.59
0.940.660.94-0.85-0.87-0.890.440.36-0.68-0.750.06-0.830.860.940.940.20.890.520.950.81-0.71-0.78-0.71-0.86-0.3
-0.87-0.75-0.960.97-0.870.97-0.08-0.070.90.940.20.88-0.65-0.97-0.940.19-0.83-0.48-0.86-0.90.890.90.80.990.42
-0.91-0.83-0.960.99-0.890.97-0.19-0.220.840.910.210.87-0.72-0.96-0.930.06-0.81-0.65-0.9-0.960.870.930.880.970.57
0.460.070.25-0.110.44-0.08-0.190.650.110.080.46-0.30.670.250.340.690.450.330.510.220.12-0.07-0.26-0.08-0.09
0.350.220.15-0.170.36-0.07-0.220.650.210.00.13-0.090.50.150.20.910.190.490.360.15-0.05-0.17-0.28-0.08-0.45
-0.7-0.6-0.860.86-0.680.90.840.110.210.880.420.79-0.45-0.86-0.830.41-0.75-0.4-0.71-0.830.810.740.670.910.3
-0.76-0.72-0.890.93-0.750.940.910.080.00.880.380.76-0.53-0.89-0.830.25-0.7-0.5-0.75-0.880.990.850.740.940.45
0.03-0.22-0.140.270.060.20.210.460.130.420.38-0.080.22-0.14-0.010.230.13-0.330.02-0.280.40.210.140.270.34
-0.92-0.53-0.880.84-0.830.880.87-0.3-0.090.790.76-0.08-0.8-0.88-0.930.16-0.94-0.4-0.91-0.850.660.690.840.850.34
0.940.430.73-0.640.86-0.65-0.720.670.5-0.45-0.530.22-0.80.740.80.330.840.450.930.73-0.48-0.53-0.7-0.62-0.33
0.920.731.0-0.950.94-0.97-0.960.250.15-0.86-0.89-0.14-0.880.740.98-0.050.890.540.920.91-0.84-0.86-0.77-0.97-0.35
0.950.640.98-0.910.94-0.94-0.930.340.2-0.83-0.83-0.01-0.930.80.980.010.960.480.950.87-0.77-0.79-0.77-0.93-0.31
0.12-0.06-0.050.110.20.190.060.690.910.410.250.230.160.33-0.050.010.050.260.16-0.150.20.110.070.17-0.1
0.930.430.89-0.770.89-0.83-0.810.450.19-0.75-0.70.13-0.940.840.890.960.050.340.930.76-0.61-0.6-0.68-0.81-0.15
0.510.740.54-0.650.52-0.48-0.650.330.49-0.4-0.5-0.33-0.40.450.540.480.260.340.570.68-0.49-0.66-0.77-0.56-0.85
0.990.60.92-0.850.95-0.86-0.90.510.36-0.71-0.750.02-0.910.930.920.950.160.930.570.88-0.69-0.73-0.81-0.85-0.4
0.880.810.91-0.950.81-0.9-0.960.220.15-0.83-0.88-0.28-0.850.730.910.87-0.150.760.680.88-0.82-0.88-0.9-0.91-0.61
-0.7-0.71-0.840.89-0.710.890.870.12-0.050.810.990.40.66-0.48-0.84-0.770.2-0.61-0.49-0.69-0.820.840.670.90.45
-0.74-0.96-0.870.95-0.780.90.93-0.07-0.170.740.850.210.69-0.53-0.86-0.790.11-0.6-0.66-0.73-0.880.840.80.90.62
-0.82-0.75-0.770.87-0.710.80.88-0.26-0.280.670.740.140.84-0.7-0.77-0.770.07-0.68-0.77-0.81-0.90.670.80.80.79
-0.85-0.76-0.970.98-0.860.990.97-0.08-0.080.910.940.270.85-0.62-0.97-0.930.17-0.81-0.56-0.85-0.910.90.90.80.44
-0.4-0.71-0.350.59-0.30.420.57-0.09-0.450.30.450.340.34-0.33-0.35-0.31-0.1-0.15-0.85-0.4-0.610.450.620.790.44
Click cells to compare fundamentals

Themac Resources Account Relationship Matchups

Themac Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets84.9M78.3M82.6M85.8M89.5M85.0M
Other Current Liab182.6K163.0K1.5M1.7M2.0M2.1M
Total Current Liabilities121.2M134.1M148.0M162.4M177.8M119.8M
Total Stockholder Equity(38.6M)(57.8M)(66.0M)(77.3M)(88.9M)(84.4M)
Other Liab518.1K510.8K547.4K688.5K791.8K516.2K
Net Tangible Assets(30.1M)(38.6M)(57.8M)(66.0M)(59.4M)(56.4M)
Retained Earnings(88.5M)(100.0M)(112.1M)(125.0M)(138.4M)(131.5M)
Accounts Payable443.4K293.4K421.9K360.6K650.7K384.7K
Cash80.3K158.8K87.1K101.5K342.4K359.5K
Other Assets202.5K199.1K183.7K192.9K173.6K238.2K
Net Receivables717.0339.06.4K2.4K523.0496.85
Other Stockholder Equity27.9M30.8M23.0M26.9M31.0M28.4M
Total Liab123.5M136.1M148.7M163.0M178.3M121.9M
Short Long Term Debt117.7M130.8M143.0M157.1M174.7M106.5M
Total Current Assets105.9K179.3K105.2K116.4K358.4K186.2K
Property Plant Equipment80.2M84.6M77.9M82.3M94.7M81.9M
Non Current Assets Total84.8M78.1M82.5M85.7M89.1M88.6M
Non Currrent Assets Other78.0M80.4M199.1K183.7K165.3K157.1K
Non Current Liabilities Total2.3M2.0M688.5K647.3K564.5K536.3K
Non Current Liabilities Other2.0M1.9M1.8M1.5M1.3M1.6M
Net Invested Capital79.2M73.0M77.0M79.8M85.8M84.1M
Net Working Capital(121.1M)(133.9M)(147.9M)(162.3M)(177.4M)(186.3M)
Net Debt117.7M130.7M143.0M157.0M174.3M144.2M

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