Stelmine Net Income vs Change In Working Capital Analysis

STH Stock  CAD 0.02  0.00  0.00%   
Stelmine Canada financial indicator trend analysis is much more than just breaking down Stelmine Canada prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Stelmine Canada is a good investment. Please check the relationship between Stelmine Canada Net Income and its Change In Working Capital accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stelmine Canada. 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.

Net Income vs Change In Working Capital

Net Income vs Change In Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Stelmine Canada Net Income account and Change In Working Capital. At this time, the significance of the direction appears to have weak contrarian relationship.
Net IncomeChange In Working CapitalDiversified AwayNet IncomeChange In Working CapitalDiversified Away100%
The correlation between Stelmine Canada's Net Income and Change In Working Capital is -0.08. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of Stelmine Canada, assuming nothing else is changed. The correlation between historical values of Stelmine Canada's Net Income and Change In Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Stelmine Canada are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Net Income i.e., Stelmine Canada's Net Income and Change In Working Capital go up and down completely randomly.

Correlation Coefficient

-0.08
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Stelmine Canada financial statement analysis. It represents the amount of money remaining after all of Stelmine Canada operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.
Most indicators from Stelmine Canada's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Stelmine Canada 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 Stelmine Canada. 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, Stelmine Canada's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 2 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 52.68 in 2024.

Stelmine Canada fundamental ratios Correlations

0.520.741.0-0.790.990.990.630.970.99-0.560.390.630.80.540.54-0.670.120.040.60.730.990.990.59-0.61-0.5
0.520.310.53-0.490.510.540.30.530.51-0.21-0.040.280.460.260.33-0.19-0.13-0.090.430.390.560.530.44-0.44-0.25
0.740.310.7-0.570.720.670.930.680.72-0.510.830.550.320.440.61-0.470.050.550.490.270.690.710.06-0.08-0.09
1.00.530.7-0.790.990.990.590.980.99-0.550.340.620.820.540.52-0.670.11-0.010.60.750.991.00.62-0.64-0.53
-0.79-0.49-0.57-0.79-0.77-0.82-0.51-0.89-0.750.53-0.22-0.59-0.79-0.33-0.440.360.320.01-0.45-0.65-0.83-0.81-0.750.770.54
0.990.510.720.99-0.770.990.60.971.0-0.450.370.530.770.450.44-0.710.160.080.50.730.980.990.55-0.57-0.51
0.990.540.670.99-0.820.990.540.990.99-0.510.280.590.850.490.47-0.680.04-0.030.560.781.01.00.66-0.68-0.56
0.630.30.930.59-0.510.60.540.550.59-0.510.920.560.210.440.62-0.190.140.630.50.160.560.590.00.00.1
0.970.530.680.98-0.890.970.990.550.96-0.520.280.590.850.440.47-0.67-0.04-0.010.530.760.980.980.7-0.72-0.6
0.990.510.720.99-0.751.00.990.590.96-0.450.360.530.770.460.44-0.720.160.070.510.730.980.990.55-0.57-0.51
-0.56-0.21-0.51-0.550.53-0.45-0.51-0.51-0.52-0.45-0.45-0.99-0.52-0.92-0.910.020.130.19-0.92-0.3-0.58-0.56-0.460.480.18
0.39-0.040.830.34-0.220.370.280.920.280.36-0.450.47-0.050.390.56-0.070.280.70.39-0.080.30.34-0.280.280.3
0.630.280.550.62-0.590.530.590.560.590.53-0.990.470.570.930.9-0.06-0.11-0.160.930.360.650.630.51-0.52-0.21
0.80.460.320.82-0.790.770.850.210.850.77-0.52-0.050.570.470.4-0.46-0.14-0.320.560.830.850.830.81-0.84-0.5
0.540.260.440.54-0.330.450.490.440.440.46-0.920.390.930.470.86-0.050.04-0.260.950.310.550.550.36-0.38-0.11
0.540.330.610.52-0.440.440.470.620.470.44-0.910.560.90.40.86-0.02-0.07-0.070.940.190.540.530.33-0.35-0.13
-0.67-0.19-0.47-0.670.36-0.71-0.68-0.19-0.67-0.720.02-0.07-0.06-0.46-0.05-0.02-0.16-0.08-0.05-0.51-0.65-0.66-0.270.290.57
0.12-0.130.050.110.320.160.040.14-0.040.160.130.28-0.11-0.140.04-0.07-0.160.26-0.030.020.030.06-0.370.370.25
0.04-0.090.55-0.010.010.08-0.030.63-0.010.070.190.7-0.16-0.32-0.26-0.07-0.080.26-0.26-0.21-0.06-0.01-0.610.610.52
0.60.430.490.6-0.450.50.560.50.530.51-0.920.390.930.560.950.94-0.05-0.03-0.260.380.620.610.47-0.48-0.16
0.730.390.270.75-0.650.730.780.160.760.73-0.3-0.080.360.830.310.19-0.510.02-0.210.380.760.750.64-0.66-0.47
0.990.560.690.99-0.830.981.00.560.980.98-0.580.30.650.850.550.54-0.650.03-0.060.620.761.00.67-0.69-0.56
0.990.530.711.0-0.810.991.00.590.980.99-0.560.340.630.830.550.53-0.660.06-0.010.610.751.00.62-0.64-0.53
0.590.440.060.62-0.750.550.660.00.70.55-0.46-0.280.510.810.360.33-0.27-0.37-0.610.470.640.670.62-0.99-0.76
-0.61-0.44-0.08-0.640.77-0.57-0.680.0-0.72-0.570.480.28-0.52-0.84-0.38-0.350.290.370.61-0.48-0.66-0.69-0.64-0.990.75
-0.5-0.25-0.09-0.530.54-0.51-0.560.1-0.6-0.510.180.3-0.21-0.5-0.11-0.130.570.250.52-0.16-0.47-0.56-0.53-0.760.75
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Stelmine Canada Account Relationship Matchups

Stelmine Canada fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.8M4.5M9.9M9.9M11.4M12.0M
Other Current Liab59.6K69.2K119.6K217.5K195.8K102.2K
Total Current Liabilities98.8K312.7K1.2M772.9K888.8K933.3K
Total Stockholder Equity2.7M4.1M8.7M9.1M10.4M10.9M
Retained Earnings(7.5M)(8.2M)(9.9M)(10.7M)(9.7M)(9.2M)
Non Current Assets Total2.3M3.4M7.1M9.0M10.4M10.9M
Common Stock Shares Outstanding35.7M44.4M78.5M89.8M103.3M108.5M
Liabilities And Stockholders Equity2.8M4.5M9.9M9.9M11.4M12.0M
Total Liab128.8K342.7K1.2M842.1K968.4K500.8K
Common Stock7.8M9.1M13.7M14.5M16.6M17.5M
Property Plant And Equipment Net2.3M3.4M7.1M9.0M10.4M10.9M
Net Debt(202.1K)(836.9K)(1.7M)(375.7K)(338.2K)(355.1K)
Accounts Payable39.2K243.4K1.1M511.4K588.1K343.5K
Cash232.1K866.9K1.8M488.9K562.2K363.1K
Cash And Short Term Investments232.1K866.9K1.8M488.9K562.2K418.1K
Net Receivables15.4K111.7K765.2K132.2K152.0K111.5K
Other Stockholder Equity2.3M2.5M3.2M3.4M3.9M3.2M
Total Current Assets516.8K1.1M2.8M907.2K1.0M590.5K
Accumulated Other Comprehensive Income122.3K820.5K1.8M1.9M2.2M2.3M
Other Current Assets166.9K81.7K60.6K107.8K124.0K130.2K
Net Tangible Assets2.0M2.7M4.1M8.7M10.0M10.5M
Property Plant Equipment1.9M2.3M3.4M7.1M8.2M8.6M
Net Invested Capital2.7M4.2M8.7M9.1M10.5M11.0M
Net Working Capital418.0K747.7K1.6M134.3K154.4K146.7K
Inventory81.1K102.4K220.4K178.3K160.5K185.5K
Capital Stock7.8M9.1M13.7M14.5M16.6M10.8M

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Additional Tools for Stelmine Stock Analysis

When running Stelmine Canada's price analysis, check to measure Stelmine Canada's 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 Stelmine Canada is operating at the current time. Most of Stelmine Canada's value examination focuses on studying past and present price action to predict the probability of Stelmine Canada's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stelmine Canada's price. Additionally, you may evaluate how the addition of Stelmine Canada to your portfolios can decrease your overall portfolio volatility.