Sokoman Income Before Tax vs Cost Of Revenue Analysis

SIC Stock  CAD 0.04  0.00  0.00%   
Sokoman Minerals financial indicator trend analysis is much more than just breaking down Sokoman Minerals Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sokoman Minerals Corp is a good investment. Please check the relationship between Sokoman Minerals Income Before Tax and its Cost Of Revenue accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sokoman 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.

Income Before Tax vs Cost Of Revenue

Income Before Tax vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sokoman Minerals Corp Income Before Tax account and Cost Of Revenue. At this time, the significance of the direction appears to have pay attention.
The correlation between Sokoman Minerals' Income Before Tax and Cost Of Revenue is -0.71. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Sokoman Minerals Corp, assuming nothing else is changed. The correlation between historical values of Sokoman Minerals' Income Before Tax and Cost Of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Sokoman Minerals Corp are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Income Before Tax i.e., Sokoman Minerals' Income Before Tax and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

-0.71
Relationship DirectionNegative 
Relationship StrengthWeak

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Sokoman Minerals income statement and is an important metric when analyzing Sokoman Minerals Corp profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Cost Of Revenue

Cost of Revenue is found on Sokoman Minerals Corp income statement and represents the costs associated with goods and services Sokoman Minerals provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from Sokoman Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sokoman 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sokoman 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.
At this time, Sokoman Minerals' Issuance Of Capital Stock is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 823.27 in 2024, whereas Enterprise Value Over EBITDA is likely to drop (157.14) in 2024.
 2021 2022 2023 2024 (projected)
Net Interest Income49.6K109.9K72.9K54.1K
Reconciled Depreciation73.2K784.065.5K68.8K

Sokoman Minerals fundamental ratios Correlations

0.671.0-0.98-0.670.940.470.990.730.480.670.95-0.290.540.770.710.80.710.00.160.290.940.750.690.990.97
0.670.61-0.67-0.630.680.140.650.560.431.00.7-0.140.870.780.440.630.70.030.04-0.050.630.680.260.610.62
1.00.61-0.97-0.650.930.480.990.720.470.610.94-0.30.490.740.710.780.690.00.160.320.940.730.711.00.97
-0.98-0.67-0.970.52-0.99-0.27-0.99-0.59-0.33-0.67-0.990.28-0.58-0.72-0.61-0.67-0.58-0.01-0.14-0.11-0.86-0.67-0.54-0.98-0.99
-0.67-0.63-0.650.52-0.43-0.8-0.59-0.97-0.78-0.63-0.450.33-0.39-0.74-0.8-0.96-0.950.09-0.04-0.66-0.84-0.83-0.82-0.62-0.48
0.940.680.93-0.99-0.430.140.970.480.250.681.0-0.260.620.70.540.570.490.010.13-0.030.790.610.410.950.98
0.470.140.48-0.27-0.80.140.380.860.750.140.16-0.18-0.080.410.650.820.79-0.010.090.930.680.570.940.440.26
0.990.650.99-0.99-0.590.970.380.660.40.650.97-0.30.530.730.650.740.650.010.140.220.910.70.631.00.99
0.730.560.72-0.59-0.970.480.860.660.750.560.51-0.360.350.730.850.980.95-0.020.120.710.890.830.890.690.56
0.480.430.47-0.33-0.780.250.750.40.750.430.270.270.20.650.530.750.730.060.090.590.620.570.690.420.31
0.671.00.61-0.67-0.630.680.140.650.560.430.7-0.140.870.780.440.630.70.030.04-0.050.630.680.260.610.62
0.950.70.94-0.99-0.451.00.160.970.510.270.7-0.260.640.720.550.590.510.010.15-0.010.80.640.430.950.98
-0.29-0.14-0.30.280.33-0.26-0.18-0.3-0.360.27-0.14-0.26-0.14-0.14-0.52-0.33-0.280.460.16-0.16-0.34-0.34-0.27-0.31-0.28
0.540.870.49-0.58-0.390.62-0.080.530.350.20.870.64-0.140.770.440.370.440.040.17-0.270.410.620.00.50.54
0.770.780.74-0.72-0.740.70.410.730.730.650.780.72-0.140.770.780.740.71-0.030.220.220.760.910.480.740.68
0.710.440.71-0.61-0.80.540.650.650.850.530.440.55-0.520.440.780.790.69-0.140.090.470.780.820.680.690.6
0.80.630.78-0.67-0.960.570.820.740.980.750.630.59-0.330.370.740.790.97-0.020.090.670.940.830.90.760.64
0.710.70.69-0.58-0.950.490.790.650.950.730.70.51-0.280.440.710.690.970.010.060.640.850.80.830.660.54
0.00.030.0-0.010.090.01-0.010.01-0.020.060.030.010.460.04-0.03-0.14-0.020.010.390.010.0-0.010.00.0-0.01
0.160.040.16-0.14-0.040.130.090.140.120.090.040.150.160.170.220.090.090.060.390.060.150.230.070.160.14
0.29-0.050.32-0.11-0.66-0.030.930.220.710.59-0.05-0.01-0.16-0.270.220.470.670.640.010.060.510.480.860.280.08
0.940.630.94-0.86-0.840.790.680.910.890.620.630.8-0.340.410.760.780.940.850.00.150.510.810.850.920.85
0.750.680.73-0.67-0.830.610.570.70.830.570.680.64-0.340.620.910.820.830.8-0.010.230.480.810.630.730.6
0.690.260.71-0.54-0.820.410.940.630.890.690.260.43-0.270.00.480.680.90.830.00.070.860.850.630.670.53
0.990.611.0-0.98-0.620.950.441.00.690.420.610.95-0.310.50.740.690.760.660.00.160.280.920.730.670.97
0.970.620.97-0.99-0.480.980.260.990.560.310.620.98-0.280.540.680.60.640.54-0.010.140.080.850.60.530.97
Click cells to compare fundamentals

Sokoman Minerals Account Relationship Matchups

Sokoman Minerals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.6M17.0M12.5M6.7M8.1M8.5M
Total Current Liabilities179.9K646.2K1.7M1.4M264.3K303.1K
Total Stockholder Equity3.4M16.4M10.9M5.3M7.8M8.2M
Net Debt(2.7M)(15.4M)(10.3M)(4.9M)(4.4M)(4.2M)
Retained Earnings(17.7M)(21.5M)(33.8M)(43.7M)(44.7M)(42.5M)
Cash2.7M15.4M10.3M4.9M2.5M2.4M
Non Current Assets Total727.4K1.1M1.4M1.3M4.9M5.1M
Cash And Short Term Investments2.8M15.7M10.5M5.0M5.8M6.1M
Common Stock Shares Outstanding106.2M142.5M203.9M219.3M286.6M300.9M
Liabilities And Stockholders Equity3.6M17.0M12.5M6.7M7.7M8.1M
Other Stockholder Equity4.6M5.0M6.3M7.7M8.9M9.3M
Total Liab179.9K646.2K1.7M1.4M264.3K303.1K
Total Current Assets2.9M15.9M11.2M5.4M3.2M2.7M
Accounts Payable95.16625.151.6K1.4K1.3K1.2K
Net Receivables95.4K186.0K613.6K362.9K5.9K5.6K
Property Plant And Equipment Net727.4K1.1M1.4M1.3M1.0M776.6K
Common Stock14.6M31.9M36.0M39.4M45.3M47.6M
Other Current Liab179.8K645.5K1.7M1.4M1.6M1.7M
Other Current Assets13.8K55.1K45.9K50.8K58.4K45.6K
Accumulated Other Comprehensive Income1.9M1.0M2.4M1.8M2.1M1.2M
Net Tangible Assets3.8M3.4M16.4M10.9M12.5M13.1M
Property Plant Equipment961.4K727.4K1.1M1.4M1.6M814.1K
Short Term Investments50K291.5K165.6K127.2K506.7K532.0K
Net Invested Capital3.4M16.4M10.9M5.3M7.8M6.8M
Net Working Capital2.7M15.3M9.5M4.0M2.9M5.2M
Capital Stock14.6M31.9M36.0M39.4M42.7M32.5M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Sokoman Stock Analysis

When running Sokoman Minerals' price analysis, check to measure Sokoman Minerals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sokoman Minerals is operating at the current time. Most of Sokoman Minerals' value examination focuses on studying past and present price action to predict the probability of Sokoman Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sokoman Minerals' price. Additionally, you may evaluate how the addition of Sokoman Minerals to your portfolios can decrease your overall portfolio volatility.