Stelmine Net Income vs Income Before Tax Analysis

STH Stock

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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 Income Before Tax 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 Income Before Tax

Net Income vs Income Before Tax 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 Income Before Tax. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Stelmine Canada's Net Income and Income Before Tax is 0.97. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Before Tax 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 Income Before Tax 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 Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Net Income i.e., Stelmine Canada's Net Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

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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.

Income Before Tax

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

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

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Non Current Assets Total	Common Stock Shares Outstanding	Total Liab	Common Stock	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Short Term Investments	Non Current Liabilities Total	Other Stockholder Equity	Total Current Assets	Other Current Assets	Net Tangible Assets	Property Plant Equipment	Long Term Debt	Short Long Term Debt	Short Term Debt
Total Assets		0.52	0.74	1.0	-0.79	0.99	0.99	0.63	0.97	0.99	-0.56	0.39	0.63	0.8	0.54	0.54	-0.67	0.12	0.04	0.6	0.73	0.99	0.99	0.59	-0.61	-0.5
Other Current Liab	0.52		0.31	0.53	-0.49	0.51	0.54	0.3	0.53	0.51	-0.21	-0.04	0.28	0.46	0.26	0.33	-0.19	-0.13	-0.09	0.43	0.39	0.56	0.53	0.44	-0.44	-0.25
Total Current Liabilities	0.74	0.31		0.7	-0.57	0.72	0.67	0.93	0.68	0.72	-0.51	0.83	0.55	0.32	0.44	0.61	-0.47	0.05	0.55	0.49	0.27	0.69	0.71	0.06	-0.08	-0.09
Total Stockholder Equity	1.0	0.53	0.7		-0.79	0.99	0.99	0.59	0.98	0.99	-0.55	0.34	0.62	0.82	0.54	0.52	-0.67	0.11	-0.01	0.6	0.75	0.99	1.0	0.62	-0.64	-0.53
Retained Earnings	-0.79	-0.49	-0.57	-0.79		-0.77	-0.82	-0.51	-0.89	-0.75	0.53	-0.22	-0.59	-0.79	-0.33	-0.44	0.36	0.32	0.01	-0.45	-0.65	-0.83	-0.81	-0.75	0.77	0.54
Non Current Assets Total	0.99	0.51	0.72	0.99	-0.77		0.99	0.6	0.97	1.0	-0.45	0.37	0.53	0.77	0.45	0.44	-0.71	0.16	0.08	0.5	0.73	0.98	0.99	0.55	-0.57	-0.51
Common Stock Shares Outstanding	0.99	0.54	0.67	0.99	-0.82	0.99		0.54	0.99	0.99	-0.51	0.28	0.59	0.85	0.49	0.47	-0.68	0.04	-0.03	0.56	0.78	1.0	1.0	0.66	-0.68	-0.56
Total Liab	0.63	0.3	0.93	0.59	-0.51	0.6	0.54		0.55	0.59	-0.51	0.92	0.56	0.21	0.44	0.62	-0.19	0.14	0.63	0.5	0.16	0.56	0.59	0.0	0.0	0.1
Common Stock	0.97	0.53	0.68	0.98	-0.89	0.97	0.99	0.55		0.96	-0.52	0.28	0.59	0.85	0.44	0.47	-0.67	-0.04	-0.01	0.53	0.76	0.98	0.98	0.7	-0.72	-0.6
Property Plant And Equipment Net	0.99	0.51	0.72	0.99	-0.75	1.0	0.99	0.59	0.96		-0.45	0.36	0.53	0.77	0.46	0.44	-0.72	0.16	0.07	0.51	0.73	0.98	0.99	0.55	-0.57	-0.51
Net Debt	-0.56	-0.21	-0.51	-0.55	0.53	-0.45	-0.51	-0.51	-0.52	-0.45		-0.45	-0.99	-0.52	-0.92	-0.91	0.02	0.13	0.19	-0.92	-0.3	-0.58	-0.56	-0.46	0.48	0.18
Accounts Payable	0.39	-0.04	0.83	0.34	-0.22	0.37	0.28	0.92	0.28	0.36	-0.45		0.47	-0.05	0.39	0.56	-0.07	0.28	0.7	0.39	-0.08	0.3	0.34	-0.28	0.28	0.3
Cash	0.63	0.28	0.55	0.62	-0.59	0.53	0.59	0.56	0.59	0.53	-0.99	0.47		0.57	0.93	0.9	-0.06	-0.11	-0.16	0.93	0.36	0.65	0.63	0.51	-0.52	-0.21
Non Currrent Assets Other	0.8	0.46	0.32	0.82	-0.79	0.77	0.85	0.21	0.85	0.77	-0.52	-0.05	0.57		0.47	0.4	-0.46	-0.14	-0.32	0.56	0.83	0.85	0.83	0.81	-0.84	-0.5
Cash And Short Term Investments	0.54	0.26	0.44	0.54	-0.33	0.45	0.49	0.44	0.44	0.46	-0.92	0.39	0.93	0.47		0.86	-0.05	0.04	-0.26	0.95	0.31	0.55	0.55	0.36	-0.38	-0.11
Net Receivables	0.54	0.33	0.61	0.52	-0.44	0.44	0.47	0.62	0.47	0.44	-0.91	0.56	0.9	0.4	0.86		-0.02	-0.07	-0.07	0.94	0.19	0.54	0.53	0.33	-0.35	-0.13
Short Term Investments	-0.67	-0.19	-0.47	-0.67	0.36	-0.71	-0.68	-0.19	-0.67	-0.72	0.02	-0.07	-0.06	-0.46	-0.05	-0.02		-0.16	-0.08	-0.05	-0.51	-0.65	-0.66	-0.27	0.29	0.57
Non Current Liabilities Total	0.12	-0.13	0.05	0.11	0.32	0.16	0.04	0.14	-0.04	0.16	0.13	0.28	-0.11	-0.14	0.04	-0.07	-0.16		0.26	-0.03	0.02	0.03	0.06	-0.37	0.37	0.25
Other Stockholder Equity	0.04	-0.09	0.55	-0.01	0.01	0.08	-0.03	0.63	-0.01	0.07	0.19	0.7	-0.16	-0.32	-0.26	-0.07	-0.08	0.26		-0.26	-0.21	-0.06	-0.01	-0.61	0.61	0.52
Total Current Assets	0.6	0.43	0.49	0.6	-0.45	0.5	0.56	0.5	0.53	0.51	-0.92	0.39	0.93	0.56	0.95	0.94	-0.05	-0.03	-0.26		0.38	0.62	0.61	0.47	-0.48	-0.16
Other Current Assets	0.73	0.39	0.27	0.75	-0.65	0.73	0.78	0.16	0.76	0.73	-0.3	-0.08	0.36	0.83	0.31	0.19	-0.51	0.02	-0.21	0.38		0.76	0.75	0.64	-0.66	-0.47
Net Tangible Assets	0.99	0.56	0.69	0.99	-0.83	0.98	1.0	0.56	0.98	0.98	-0.58	0.3	0.65	0.85	0.55	0.54	-0.65	0.03	-0.06	0.62	0.76		1.0	0.67	-0.69	-0.56
Property Plant Equipment	0.99	0.53	0.71	1.0	-0.81	0.99	1.0	0.59	0.98	0.99	-0.56	0.34	0.63	0.83	0.55	0.53	-0.66	0.06	-0.01	0.61	0.75	1.0		0.62	-0.64	-0.53
Long Term Debt	0.59	0.44	0.06	0.62	-0.75	0.55	0.66	0.0	0.7	0.55	-0.46	-0.28	0.51	0.81	0.36	0.33	-0.27	-0.37	-0.61	0.47	0.64	0.67	0.62		-0.99	-0.76
Short Long Term Debt	-0.61	-0.44	-0.08	-0.64	0.77	-0.57	-0.68	0.0	-0.72	-0.57	0.48	0.28	-0.52	-0.84	-0.38	-0.35	0.29	0.37	0.61	-0.48	-0.66	-0.69	-0.64	-0.99		0.75
Short Term Debt	-0.5	-0.25	-0.09	-0.53	0.54	-0.51	-0.56	0.1	-0.6	-0.51	0.18	0.3	-0.21	-0.5	-0.11	-0.13	0.57	0.25	0.52	-0.16	-0.47	-0.56	-0.53	-0.76	0.75

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Stelmine Canada Account Relationship Matchups

Stelmine Canada fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.8M	4.5M	9.9M	9.9M	11.4M	12.0M
Other Current Liab	59.6K	69.2K	119.6K	217.5K	195.8K	102.2K
Total Current Liabilities	98.8K	312.7K	1.2M	772.9K	888.8K	933.3K
Total Stockholder Equity	2.7M	4.1M	8.7M	9.1M	10.4M	10.9M
Retained Earnings	(7.5M)	(8.2M)	(9.9M)	(10.7M)	(9.7M)	(9.2M)
Non Current Assets Total	2.3M	3.4M	7.1M	9.0M	10.4M	10.9M
Common Stock Shares Outstanding	35.7M	44.4M	78.5M	89.8M	103.3M	108.5M
Liabilities And Stockholders Equity	2.8M	4.5M	9.9M	9.9M	11.4M	12.0M
Total Liab	128.8K	342.7K	1.2M	842.1K	968.4K	500.8K
Common Stock	7.8M	9.1M	13.7M	14.5M	16.6M	17.5M
Property Plant And Equipment Net	2.3M	3.4M	7.1M	9.0M	10.4M	10.9M
Net Debt	(202.1K)	(836.9K)	(1.7M)	(375.7K)	(338.2K)	(355.1K)
Accounts Payable	39.2K	243.4K	1.1M	511.4K	588.1K	343.5K
Cash	232.1K	866.9K	1.8M	488.9K	562.2K	363.1K
Cash And Short Term Investments	232.1K	866.9K	1.8M	488.9K	562.2K	418.1K
Net Receivables	15.4K	111.7K	765.2K	132.2K	152.0K	111.5K
Other Stockholder Equity	2.3M	2.5M	3.2M	3.4M	3.9M	3.2M
Total Current Assets	516.8K	1.1M	2.8M	907.2K	1.0M	590.5K
Accumulated Other Comprehensive Income	122.3K	820.5K	1.8M	1.9M	2.2M	2.3M
Other Current Assets	166.9K	81.7K	60.6K	107.8K	124.0K	130.2K
Net Tangible Assets	2.0M	2.7M	4.1M	8.7M	10.0M	10.5M
Property Plant Equipment	1.9M	2.3M	3.4M	7.1M	8.2M	8.6M
Net Invested Capital	2.7M	4.2M	8.7M	9.1M	10.5M	11.0M
Net Working Capital	418.0K	747.7K	1.6M	134.3K	154.4K	146.7K
Inventory	81.1K	102.4K	220.4K	178.3K	160.5K	185.5K
Capital Stock	7.8M	9.1M	13.7M	14.5M	16.6M	10.8M

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