Saville Income Before Tax vs Total Operating Expenses Analysis

SRE Stock

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Saville Resources financial indicator trend analysis is much more than just breaking down Saville Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Saville Resources is a good investment. Please check the relationship between Saville Resources Income Before Tax and its Total Operating Expenses accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Saville Resources. 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 Total Operating Expenses

Income Before Tax vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Saville Resources Income Before Tax account and Total Operating Expenses. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Saville Resources' Income Before Tax and Total Operating Expenses is -0.28. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Saville Resources, assuming nothing else is changed. The correlation between historical values of Saville Resources' Income Before Tax and Total Operating Expenses 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 Saville Resources are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Income Before Tax i.e., Saville Resources' Income Before Tax and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

-0.28

Relationship Direction	Negative
Relationship Strength	Insignificant

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Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Saville Resources income statement and is an important metric when analyzing Saville Resources 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.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Most indicators from Saville Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Saville 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Saville Resources. 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 324.2 K in 2024, whereas Tax Provision is likely to drop (92.7 K) in 2024.

Saville Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Net Receivables	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Non Currrent Assets Other	Non Current Assets Total	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Short Term Investments	Capital Stock	Property Plant And Equipment Net	Long Term Debt	Short Long Term Debt	Other Current Liab	Net Debt
Total Assets		0.15	0.99	0.76	-0.24	0.17	0.64	-0.01	0.55	0.65	0.64	0.46	0.61	0.97	0.98	0.99	0.66	-0.51	0.15	0.65	0.2	0.27	-0.14	0.27
Total Current Liabilities	0.15		0.03	0.48	-0.52	0.87	-0.17	-0.17	0.77	-0.14	0.54	0.6	0.49	0.22	0.1	0.1	-0.24	-0.37	0.63	-0.18	0.57	-0.35	-0.55	-0.35
Total Stockholder Equity	0.99	0.03		0.71	-0.15	0.05	0.67	0.02	0.43	0.7	0.57	0.36	0.54	0.94	0.97	0.99	0.72	-0.44	0.04	0.66	0.08	0.35	-0.02	0.35
Net Tangible Assets	0.76	0.48	0.71		-0.74	0.51	0.56	-0.09	0.65	0.52	0.97	0.85	0.91	0.72	0.74	0.74	0.48	-0.82	0.68	0.1	0.63	-0.25	-0.61	-0.25
Retained Earnings	-0.24	-0.52	-0.15	-0.74		-0.69	-0.25	0.25	-0.56	-0.07	-0.83	-0.94	-0.87	-0.26	-0.27	-0.22	-0.04	0.89	-0.9	0.38	-0.89	0.8	0.9	0.8
Accounts Payable	0.17	0.87	0.05	0.51	-0.69		-0.23	-0.06	0.71	-0.07	0.56	0.75	0.62	0.23	0.1	0.11	-0.2	-0.47	0.64	-0.28	0.69	-0.62	-0.68	-0.62
Cash	0.64	-0.17	0.67	0.56	-0.25	-0.23		-0.1	0.13	0.74	0.5	0.26	0.42	0.51	0.68	0.67	0.78	-0.46	0.18	0.3	0.1	0.13	-0.11	0.13
Net Receivables	-0.01	-0.17	0.02	-0.09	0.25	-0.06	-0.1		-0.22	0.25	-0.18	-0.21	-0.2	-0.1	-0.13	-0.09	-0.03	0.29	-0.23	0.0	-0.23	0.14	0.22	0.14
Total Liab	0.55	0.77	0.43	0.65	-0.56	0.71	0.13	-0.22		-0.04	0.68	0.74	0.61	0.67	0.54	0.51	-0.08	-0.61	0.67	0.34	0.74	-0.21	-0.68	-0.21
Total Current Assets	0.65	-0.14	0.7	0.52	-0.07	-0.07	0.74	0.25	-0.04		0.38	0.11	0.3	0.43	0.57	0.66	0.94	-0.13	-0.09	0.2	-0.15	0.22	0.14	0.22
Common Stock	0.64	0.54	0.57	0.97	-0.83	0.56	0.5	-0.18	0.68	0.38		0.89	0.92	0.63	0.65	0.63	0.36	-0.89	0.79	0.0	0.72	-0.36	-0.7	-0.36
Property Plant Equipment	0.46	0.6	0.36	0.85	-0.94	0.75	0.26	-0.21	0.74	0.11	0.89		0.93	0.51	0.46	0.43	0.07	-0.91	0.88	-0.14	0.9	-0.66	-0.9	-0.66
Non Currrent Assets Other	0.61	0.49	0.54	0.91	-0.87	0.62	0.42	-0.2	0.61	0.3	0.92	0.93		0.62	0.62	0.59	0.29	-0.93	0.71	-0.1	0.7	-0.5	-0.69	-0.5
Non Current Assets Total	0.97	0.22	0.94	0.72	-0.26	0.23	0.51	-0.1	0.67	0.43	0.63	0.51	0.62		0.97	0.95	0.46	-0.56	0.2	0.71	0.29	0.25	-0.21	0.25
Common Stock Shares Outstanding	0.98	0.1	0.97	0.74	-0.27	0.1	0.68	-0.13	0.54	0.57	0.65	0.46	0.62	0.97		0.98	0.62	-0.58	0.17	0.67	0.22	0.28	-0.15	0.28
Net Invested Capital	0.99	0.1	0.99	0.74	-0.22	0.11	0.67	-0.09	0.51	0.66	0.63	0.43	0.59	0.95	0.98		0.7	-0.5	0.12	0.66	0.16	0.3	-0.1	0.3
Net Working Capital	0.66	-0.24	0.72	0.48	-0.04	-0.2	0.78	-0.03	-0.08	0.94	0.36	0.07	0.29	0.46	0.62	0.7		-0.16	-0.15	0.27	-0.2	0.29	0.2	0.29
Short Term Investments	-0.51	-0.37	-0.44	-0.82	0.89	-0.47	-0.46	0.29	-0.61	-0.13	-0.89	-0.91	-0.93	-0.56	-0.58	-0.5	-0.16		-0.8	0.04	-0.79	0.52	0.78	0.52
Capital Stock	0.15	0.63	0.04	0.68	-0.9	0.64	0.18	-0.23	0.67	-0.09	0.79	0.88	0.71	0.2	0.17	0.12	-0.15	-0.8		-0.29	0.94	-0.69	-0.95	-0.69
Property Plant And Equipment Net	0.65	-0.18	0.66	0.1	0.38	-0.28	0.3	0.0	0.34	0.2	0.0	-0.14	-0.1	0.71	0.67	0.66	0.27	0.04	-0.29		-0.16	0.71	0.25	0.71
Long Term Debt	0.2	0.57	0.08	0.63	-0.89	0.69	0.1	-0.23	0.74	-0.15	0.72	0.9	0.7	0.29	0.22	0.16	-0.2	-0.79	0.94	-0.16		-0.74	-0.99	-0.74
Short Long Term Debt	0.27	-0.35	0.35	-0.25	0.8	-0.62	0.13	0.14	-0.21	0.22	-0.36	-0.66	-0.5	0.25	0.28	0.3	0.29	0.52	-0.69	0.71	-0.74		0.79	1.0
Other Current Liab	-0.14	-0.55	-0.02	-0.61	0.9	-0.68	-0.11	0.22	-0.68	0.14	-0.7	-0.9	-0.69	-0.21	-0.15	-0.1	0.2	0.78	-0.95	0.25	-0.99	0.79		0.79
Net Debt	0.27	-0.35	0.35	-0.25	0.8	-0.62	0.13	0.14	-0.21	0.22	-0.36	-0.66	-0.5	0.25	0.28	0.3	0.29	0.52	-0.69	0.71	-0.74	1.0	0.79

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Saville Resources Account Relationship Matchups

Saville Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.9M	2.3M	3.3M	3.2M	398.6K	378.6K
Total Current Liabilities	57.5K	173.2K	192.3K	304.3K	435.0K	227.9K
Total Stockholder Equity	1.8M	2.1M	2.8M	2.5M	(36.4K)	(34.6K)
Net Tangible Assets	1.8M	2.1M	2.8M	2.5M	2.9M	1.5M
Retained Earnings	(8.8M)	(9.2M)	(9.5M)	(9.7M)	(12.3M)	(12.9M)
Accounts Payable	57.5K	79.4K	113.4K	304.3K	350.0K	367.5K
Cash	133.4K	488.3K	522.7K	56.1K	54.5K	51.8K
Net Receivables	3.0K	2.8K	3.0K	687.0	618.3	587.39
Total Liab	77.2K	203.8K	468.3K	673.3K	435.0K	297.4K
Total Current Assets	268.1K	724.8K	595.3K	110.9K	72.5K	68.9K
Property Plant Equipment	1.6M	1.6M	2.7M	3.1M	3.5M	3.7M
Non Current Assets Total	1.6M	1.6M	2.7M	3.1M	326.1K	309.8K
Net Invested Capital	1.8M	2.1M	3.1M	2.9M	(36.4K)	(34.6K)
Net Working Capital	210.6K	551.7K	403.0K	(193.4K)	(362.5K)	(344.4K)
Short Term Investments	126.4K	114.7K	68.1K	52.5K	14.4K	13.7K

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