Manganese Inventory Turnover vs Book Value Per Share Analysis

MN Stock

CAD 0.03 0.01 25.00%

Manganese financial indicator trend analysis is infinitely more than just investigating Manganese X Energy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Manganese X Energy is a good investment. Please check the relationship between Manganese Inventory Turnover and its Book Value Per Share accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Manganese X Energy. 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.

Inventory Turnover vs Book Value Per Share

Inventory Turnover vs Book Value Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Manganese X Energy Inventory Turnover account and Book Value Per Share. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Manganese's Inventory Turnover and Book Value Per Share is 0.12. Overlapping area represents the amount of variation of Inventory Turnover that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Manganese X Energy, assuming nothing else is changed. The correlation between historical values of Manganese's Inventory Turnover and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory Turnover of Manganese X Energy are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Inventory Turnover i.e., Manganese's Inventory Turnover and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

0.12

Relationship Direction	Positive
Relationship Strength	Insignificant

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Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Most indicators from Manganese's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Manganese X Energy 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 Manganese X Energy. 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.

At this time, Manganese's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 12.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 307.6 K in 2024.

Manganese fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Other Current Liab	Common Stock	Short Long Term Debt Total	Non Current Liabilities Total	Net Tangible Assets	Other Current Assets	Long Term Investments	Net Invested Capital	Net Working Capital	Inventory
Total Assets		-0.42	0.95	-0.75	-0.67	-0.46	0.83	0.66	0.66	0.69	0.62	-0.42	0.99	0.01	-0.01	0.67	-0.19	0.68	0.36	0.25	0.9	-0.41	0.56	0.92	0.91	0.42
Total Current Liabilities	-0.42		-0.67	0.47	0.46	0.67	-0.41	-0.45	-0.28	-0.62	-0.53	1.0	-0.39	0.44	-0.28	-0.61	0.67	-0.55	-0.28	-0.34	-0.65	0.26	-0.57	-0.41	-0.4	-0.27
Total Stockholder Equity	0.95	-0.67		-0.79	-0.73	-0.6	0.81	0.73	0.66	0.8	0.71	-0.67	0.93	-0.1	0.05	0.77	-0.38	0.77	0.38	0.36	0.95	-0.45	0.63	0.9	0.88	0.42
Net Debt	-0.75	0.47	-0.79		0.88	0.56	-0.94	-0.98	-0.82	-0.91	-0.86	0.47	-0.77	-0.2	0.23	-0.76	0.17	-0.9	-0.33	-0.49	-0.81	0.54	-0.54	-0.72	-0.73	0.0
Retained Earnings	-0.67	0.46	-0.73	0.88		0.33	-0.77	-0.91	-0.75	-0.96	-0.93	0.46	-0.66	-0.14	0.16	-0.84	0.43	-0.97	-0.56	-0.77	-0.85	0.66	-0.61	-0.68	-0.68	-0.12
Accounts Payable	-0.46	0.67	-0.6	0.56	0.33		-0.5	-0.53	-0.55	-0.51	-0.42	0.67	-0.43	-0.19	-0.27	-0.52	-0.05	-0.48	0.1	-0.01	-0.51	0.28	-0.48	-0.3	-0.28	-0.17
Cash	0.83	-0.41	0.81	-0.94	-0.77	-0.5		0.85	0.68	0.78	0.72	-0.41	0.84	0.09	-0.16	0.66	-0.11	0.74	0.33	0.28	0.79	-0.41	0.54	0.74	0.75	0.04
Cash And Short Term Investments	0.66	-0.45	0.73	-0.98	-0.91	-0.53	0.85		0.85	0.93	0.89	-0.45	0.68	0.25	-0.29	0.77	-0.2	0.94	0.33	0.6	0.77	-0.59	0.5	0.67	0.68	-0.04
Net Receivables	0.66	-0.28	0.66	-0.82	-0.75	-0.55	0.68	0.85		0.74	0.82	-0.28	0.67	0.51	-0.32	0.56	-0.03	0.82	0.16	0.44	0.69	-0.5	0.24	0.65	0.67	0.11
Common Stock Shares Outstanding	0.69	-0.62	0.8	-0.91	-0.96	-0.51	0.78	0.93	0.74		0.9	-0.62	0.68	0.04	-0.08	0.92	-0.45	0.98	0.51	0.72	0.88	-0.69	0.69	0.69	0.68	0.17
Other Stockholder Equity	0.62	-0.53	0.71	-0.86	-0.93	-0.42	0.72	0.89	0.82	0.9		-0.53	0.61	0.16	-0.11	0.72	-0.46	0.92	0.5	0.75	0.81	-0.42	0.44	0.63	0.64	0.02
Total Liab	-0.42	1.0	-0.67	0.47	0.46	0.67	-0.41	-0.45	-0.28	-0.62	-0.53		-0.39	0.44	-0.28	-0.61	0.67	-0.55	-0.28	-0.34	-0.65	0.26	-0.57	-0.41	-0.4	-0.27
Total Current Assets	0.99	-0.39	0.93	-0.77	-0.66	-0.43	0.84	0.68	0.67	0.68	0.61	-0.39		0.02	-0.14	0.63	-0.17	0.68	0.33	0.24	0.88	-0.42	0.51	0.94	0.94	0.39
Property Plant And Equipment Net	0.01	0.44	-0.1	-0.2	-0.14	-0.19	0.09	0.25	0.51	0.04	0.16	0.44	0.02		-0.28	-0.05	0.64	0.14	-0.28	-0.06	-0.1	-0.11	-0.15	-0.05	-0.04	-0.14
Non Current Assets Total	-0.01	-0.28	0.05	0.23	0.16	-0.27	-0.16	-0.29	-0.32	-0.08	-0.11	-0.28	-0.14	-0.28		0.16	-0.11	-0.19	0.21	-0.03	0.04	0.19	0.38	-0.27	-0.34	0.22
Non Currrent Assets Other	0.67	-0.61	0.77	-0.76	-0.84	-0.52	0.66	0.77	0.56	0.92	0.72	-0.61	0.63	-0.05	0.16		-0.41	0.87	0.5	0.64	0.83	-0.78	0.81	0.61	0.58	0.38
Other Current Liab	-0.19	0.67	-0.38	0.17	0.43	-0.05	-0.11	-0.2	-0.03	-0.45	-0.46	0.67	-0.17	0.64	-0.11	-0.41		-0.41	-0.49	-0.55	-0.47	0.17	-0.24	-0.35	-0.35	-0.25
Common Stock	0.68	-0.55	0.77	-0.9	-0.97	-0.48	0.74	0.94	0.82	0.98	0.92	-0.55	0.68	0.14	-0.19	0.87	-0.41		0.43	0.74	0.86	-0.72	0.59	0.71	0.71	0.16
Short Long Term Debt Total	0.36	-0.28	0.38	-0.33	-0.56	0.1	0.33	0.33	0.16	0.51	0.5	-0.28	0.33	-0.28	0.21	0.5	-0.49	0.43		0.65	0.56	-0.24	0.56	0.29	0.28	0.21
Non Current Liabilities Total	0.25	-0.34	0.36	-0.49	-0.77	-0.01	0.28	0.6	0.44	0.72	0.75	-0.34	0.24	-0.06	-0.03	0.64	-0.55	0.74	0.65		0.57	-0.49	0.48	0.31	0.3	0.06
Net Tangible Assets	0.9	-0.65	0.95	-0.81	-0.85	-0.51	0.79	0.77	0.69	0.88	0.81	-0.65	0.88	-0.1	0.04	0.83	-0.47	0.86	0.56	0.57		-0.52	0.7	0.84	0.83	0.38
Other Current Assets	-0.41	0.26	-0.45	0.54	0.66	0.28	-0.41	-0.59	-0.5	-0.69	-0.42	0.26	-0.42	-0.11	0.19	-0.78	0.17	-0.72	-0.24	-0.49	-0.52		-0.57	-0.44	-0.42	-0.35
Long Term Investments	0.56	-0.57	0.63	-0.54	-0.61	-0.48	0.54	0.5	0.24	0.69	0.44	-0.57	0.51	-0.15	0.38	0.81	-0.24	0.59	0.56	0.48	0.7	-0.57		0.38	0.34	0.28
Net Invested Capital	0.92	-0.41	0.9	-0.72	-0.68	-0.3	0.74	0.67	0.65	0.69	0.63	-0.41	0.94	-0.05	-0.27	0.61	-0.35	0.71	0.29	0.31	0.84	-0.44	0.38		1.0	0.38
Net Working Capital	0.91	-0.4	0.88	-0.73	-0.68	-0.28	0.75	0.68	0.67	0.68	0.64	-0.4	0.94	-0.04	-0.34	0.58	-0.35	0.71	0.28	0.3	0.83	-0.42	0.34	1.0		0.35
Inventory	0.42	-0.27	0.42	0.0	-0.12	-0.17	0.04	-0.04	0.11	0.17	0.02	-0.27	0.39	-0.14	0.22	0.38	-0.25	0.16	0.21	0.06	0.38	-0.35	0.28	0.38	0.35

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Manganese Account Relationship Matchups

Manganese fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1M	6.0M	4.1M	3.9M	2.4M	1.7M
Total Current Liabilities	128.8K	243.5K	128.4K	106.9K	179.2K	170.3K
Total Stockholder Equity	945.5K	5.7M	3.9M	3.8M	2.2M	2.3M
Net Debt	(534.5K)	(1.8M)	(3.5M)	(3.3M)	(3.0M)	(2.8M)
Retained Earnings	(13.2M)	(18.0M)	(22.6M)	(25.4M)	(26.6M)	(25.3M)
Accounts Payable	128.8K	124.9K	128.4K	106.9K	2.8K	2.6K
Cash	534.5K	1.8M	3.5M	3.3M	2.2M	1.2M
Cash And Short Term Investments	534.5K	1.8M	3.5M	3.3M	3.8M	4.0M
Net Receivables	39.8K	199.2K	119.2K	209.9K	241.4K	253.5K
Common Stock Shares Outstanding	63.5M	92.4M	124.5M	129.3M	144.0M	151.2M
Liabilities And Stockholders Equity	1.1M	6.0M	4.1M	3.9M	4.5M	4.8M
Other Stockholder Equity	3.4M	3.8M	6.5M	8.9M	10.2M	10.7M
Total Liab	128.8K	243.5K	128.4K	106.9K	179.2K	170.3K
Total Current Assets	574.3K	5.8M	3.9M	3.8M	2.4M	1.6M
Non Current Assets Total	750K	500K	135K	120K	105K	0.0
Accumulated Other Comprehensive Income	3.8M	6.5M	9.1M	8.9M	10.2M	10.7M
Common Stock	10.4M	17.3M	17.4M	20.4M	23.4M	24.6M
Net Tangible Assets	945.5K	5.6M	3.8M	3.7M	4.3M	2.2M
Net Invested Capital	945.5K	5.7M	3.9M	3.8M	2.2M	2.9M
Net Working Capital	445.5K	5.6M	3.8M	3.7M	2.2M	2.7M
Capital Stock	10.4M	17.3M	17.3M	20.4M	21.6M	17.8M

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