Nortec Gross Profit vs Operating Income Analysis

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

Gross Profit vs Operating Income

Gross Profit vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nortec Minerals Corp Gross Profit account and Operating Income. At this time, the significance of the direction appears to have very week relationship.

The correlation between Nortec Minerals' Gross Profit and Operating Income is 0.21. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Operating Income in the same time period over historical financial statements of Nortec Minerals Corp, assuming nothing else is changed. The correlation between historical values of Nortec Minerals' Gross Profit and Operating 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 Gross Profit of Nortec Minerals Corp are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Gross Profit i.e., Nortec Minerals' Gross Profit and Operating Income go up and down completely randomly.

Correlation Coefficient

0.21

Relationship Direction	Positive
Relationship Strength	Very Weak

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Gross Profit

Gross profit is a required income statement account that reflects total revenue of Nortec Minerals Corp minus its cost of goods sold. It is profit before Nortec Minerals operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Operating Income

Operating Income is the amount of profit realized from Nortec Minerals Corp 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 Nortec Minerals Corp 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.

Most indicators from Nortec Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nortec Minerals Corp 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 Nortec Minerals Corp. 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 climb to about 254.1 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 79.3 K in 2024.

Nortec Minerals fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Net Receivables	Short Term Investments	Total Liab	Long Term Investments	Total Current Assets	Common Stock	Property Plant Equipment	Other Stockholder Equity	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Net Debt	Short Long Term Debt	Capital Stock	Short Term Debt	Property Plant And Equipment Net
Total Assets		-0.32	0.94	0.84	0.92	-0.04	0.01	0.35	0.53	-0.32	0.79	0.38	-0.7	0.93	-0.96	-0.08	-0.67	0.36	-0.2	0.4	0.4	0.44	0.28	-0.54	0.36	0.57
Total Current Liabilities	-0.32		-0.39	-0.33	-0.48	0.89	-0.26	-0.67	-0.42	1.0	-0.53	-0.59	0.49	-0.21	0.37	0.55	0.62	-0.07	0.57	0.08	-0.88	-0.03	0.21	0.32	-0.07	-0.25
Total Stockholder Equity	0.94	-0.39		0.9	0.93	-0.2	0.06	0.37	0.48	-0.39	0.74	0.47	-0.64	0.83	-0.83	0.04	-0.6	0.36	-0.17	0.48	0.33	0.47	0.3	-0.55	0.36	0.62
Net Tangible Assets	0.84	-0.33	0.9		0.74	-0.19	0.18	0.16	0.41	-0.33	0.72	0.53	-0.41	0.89	-0.8	-0.18	-0.39	0.2	-0.12	0.09	0.27	0.14	0.05	-0.25	0.2	0.22
Retained Earnings	0.92	-0.48	0.93	0.74		-0.26	0.04	0.48	0.61	-0.48	0.83	0.44	-0.83	0.74	-0.85	-0.04	-0.83	0.55	-0.21	0.54	0.48	0.6	0.38	-0.77	0.55	0.77
Accounts Payable	-0.04	0.89	-0.2	-0.19	-0.26		-0.3	-0.4	-0.1	0.89	-0.32	-0.49	0.28	0.05	0.06	0.44	0.37	-0.05	0.45	0.14	-0.64	0.0	0.17	0.24	-0.05	-0.1
Cash	0.01	-0.26	0.06	0.18	0.04	-0.3		0.18	0.3	-0.26	0.03	0.84	-0.13	0.03	-0.08	-0.47	-0.22	0.05	-0.37	-0.32	0.39	-0.22	-0.24	0.16	0.05	-0.19
Net Receivables	0.35	-0.67	0.37	0.16	0.48	-0.4	0.18		0.66	-0.67	0.28	0.49	-0.57	0.15	-0.32	-0.18	-0.61	0.2	-0.42	0.24	0.69	0.32	0.12	-0.44	0.2	0.51
Short Term Investments	0.53	-0.42	0.48	0.41	0.61	-0.1	0.3	0.66		-0.42	0.65	0.58	-0.65	0.44	-0.59	-0.44	-0.77	0.27	-0.27	0.03	0.63	0.26	0.13	-0.38	0.27	0.35
Total Liab	-0.32	1.0	-0.39	-0.33	-0.48	0.89	-0.26	-0.67	-0.42		-0.53	-0.59	0.49	-0.21	0.37	0.55	0.62	-0.07	0.57	0.08	-0.88	-0.03	0.21	0.32	-0.07	-0.25
Long Term Investments	0.79	-0.53	0.74	0.72	0.83	-0.32	0.03	0.28	0.65	-0.53		0.36	-0.77	0.75	-0.84	-0.43	-0.78	0.35	-0.22	0.09	0.59	0.27	0.1	-0.5	0.35	0.39
Total Current Assets	0.38	-0.59	0.47	0.53	0.44	-0.49	0.84	0.49	0.58	-0.59	0.36		-0.36	0.34	-0.4	-0.51	-0.51	0.12	-0.48	-0.15	0.62	-0.01	-0.13	-0.1	0.12	0.08
Common Stock	-0.7	0.49	-0.64	-0.41	-0.83	0.28	-0.13	-0.57	-0.65	0.49	-0.77	-0.36		-0.5	0.72	0.2	0.91	-0.49	0.27	-0.42	-0.62	-0.57	-0.37	0.73	-0.49	-0.72
Property Plant Equipment	0.93	-0.21	0.83	0.89	0.74	0.05	0.03	0.15	0.44	-0.21	0.75	0.34	-0.5		-0.95	-0.23	-0.48	0.19	-0.16	0.11	0.32	0.19	0.09	-0.27	0.19	0.25
Other Stockholder Equity	-0.96	0.37	-0.83	-0.8	-0.85	0.06	-0.08	-0.32	-0.59	0.37	-0.84	-0.4	0.72	-0.95		0.31	0.71	-0.26	0.27	-0.18	-0.52	-0.3	-0.15	0.43	-0.26	-0.42
Non Current Assets Total	-0.08	0.55	0.04	-0.18	-0.04	0.44	-0.47	-0.18	-0.44	0.55	-0.43	-0.51	0.2	-0.23	0.31		0.37	0.27	0.48	0.75	-0.73	0.43	0.46	-0.26	0.27	0.43
Non Currrent Assets Other	-0.67	0.62	-0.6	-0.39	-0.83	0.37	-0.22	-0.61	-0.77	0.62	-0.78	-0.51	0.91	-0.48	0.71	0.37		-0.48	0.39	-0.31	-0.77	-0.49	-0.24	0.71	-0.48	-0.67
Other Assets	0.36	-0.07	0.36	0.2	0.55	-0.05	0.05	0.2	0.27	-0.07	0.35	0.12	-0.49	0.19	-0.26	0.27	-0.48		0.18	0.51	0.04	0.51	0.32	-0.82	1.0	0.61
Common Stock Shares Outstanding	-0.2	0.57	-0.17	-0.12	-0.21	0.45	-0.37	-0.42	-0.27	0.57	-0.22	-0.48	0.27	-0.16	0.27	0.48	0.39	0.18		0.09	-0.7	-0.18	-0.11	-0.05	0.18	-0.07
Net Invested Capital	0.4	0.08	0.48	0.09	0.54	0.14	-0.32	0.24	0.03	0.08	0.09	-0.15	-0.42	0.11	-0.18	0.75	-0.31	0.51	0.09		-0.15	0.77	0.63	-0.71	0.51	0.91
Net Working Capital	0.4	-0.88	0.33	0.27	0.48	-0.64	0.39	0.69	0.63	-0.88	0.59	0.62	-0.62	0.32	-0.52	-0.73	-0.77	0.04	-0.7	-0.15		0.02	-0.2	-0.24	0.04	0.22
Net Debt	0.44	-0.03	0.47	0.14	0.6	0.0	-0.22	0.32	0.26	-0.03	0.27	-0.01	-0.57	0.19	-0.3	0.43	-0.49	0.51	-0.18	0.77	0.02		0.94	-0.76	0.51	0.81
Short Long Term Debt	0.28	0.21	0.3	0.05	0.38	0.17	-0.24	0.12	0.13	0.21	0.1	-0.13	-0.37	0.09	-0.15	0.46	-0.24	0.32	-0.11	0.63	-0.2	0.94		-0.53	0.32	0.59
Capital Stock	-0.54	0.32	-0.55	-0.25	-0.77	0.24	0.16	-0.44	-0.38	0.32	-0.5	-0.1	0.73	-0.27	0.43	-0.26	0.71	-0.82	-0.05	-0.71	-0.24	-0.76	-0.53		-0.82	-0.89
Short Term Debt	0.36	-0.07	0.36	0.2	0.55	-0.05	0.05	0.2	0.27	-0.07	0.35	0.12	-0.49	0.19	-0.26	0.27	-0.48	1.0	0.18	0.51	0.04	0.51	0.32	-0.82		0.61
Property Plant And Equipment Net	0.57	-0.25	0.62	0.22	0.77	-0.1	-0.19	0.51	0.35	-0.25	0.39	0.08	-0.72	0.25	-0.42	0.43	-0.67	0.61	-0.07	0.91	0.22	0.81	0.59	-0.89	0.61

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Nortec Minerals Account Relationship Matchups

Nortec Minerals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.2M	3.3M	206.0K	595.9K	348.6K	331.2K
Total Current Liabilities	1.1M	853.4K	636.9K	628.4K	387.2K	537.2K
Total Stockholder Equity	2.1M	2.4M	(430.9K)	(32.5K)	(38.6K)	(36.7K)
Net Tangible Assets	1.5M	2.1M	2.1M	2.4M	2.2M	1.7M
Retained Earnings	(23.0M)	(23.2M)	(26.3M)	(27.1M)	(27.3M)	(28.6M)
Accounts Payable	463.8K	465.0K	231.1K	274.4K	187.1K	253.4K
Cash	5.2K	58.7K	114.7K	557.4K	115.3K	187.3K
Net Receivables	4.0K	6.7K	2.0K	5.4K	4.8K	7.3K
Total Liab	1.1M	853.4K	636.9K	628.4K	387.2K	537.2K
Long Term Investments	14.1K	13.8K	88.4K	33.1K	13.5K	12.8K
Total Current Assets	12.9K	102.7K	117.6K	562.8K	335.1K	228.8K
Common Stock	19.7M	20.7M	21.0M	21.5M	24.8M	21.4M
Property Plant Equipment	1.2M	2.4M	3.1M	3.2M	2.8M	2.6M
Other Stockholder Equity	4.6M	4.3M	4.1M	4.1M	4.8M	4.0M
Non Current Assets Total	3.1M	3.2M	88.4K	33.1K	13.5K	12.8K
Common Stock Shares Outstanding	77.7M	109.3M	114.3M	51.0M	53.4M	61.1M
Net Invested Capital	2.5M	2.6M	(285.9K)	112.5K	106.4K	101.0K
Net Working Capital	(1.0M)	(750.7K)	(519.3K)	(65.6K)	(52.2K)	(54.8K)
Net Debt	424.6K	86.3K	30.3K	29.7K	26.7K	25.4K
Capital Stock	21.0M	21.5M	21.6M	23.0M	23.0M	24.0M

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