Wheaton Total Revenue vs Total Assets Analysis

WPM Stock   5,000  30.00  0.60%   
Wheaton Precious financial indicator trend analysis is more than just analyzing Wheaton Precious Metals current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wheaton Precious Metals is a good investment. Please check the relationship between Wheaton Precious Total Revenue and its Total Assets accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wheaton Precious Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Total Revenue vs Total Assets

Total Revenue vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wheaton Precious Metals Total Revenue account and Total Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between Wheaton Precious' Total Revenue and Total Assets is 0.2. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Total Assets in the same time period over historical financial statements of Wheaton Precious Metals, assuming nothing else is changed. The correlation between historical values of Wheaton Precious' Total Revenue and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Wheaton Precious Metals are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Revenue i.e., Wheaton Precious' Total Revenue and Total Assets go up and down completely randomly.

Correlation Coefficient

0.2
Relationship DirectionPositive 
Relationship StrengthVery Weak

Total Revenue

Total revenue comprises all receipts Wheaton Precious Metals generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Total Assets

Total assets refers to the total amount of Wheaton Precious assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Wheaton Precious Metals books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Wheaton Precious' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wheaton Precious Metals 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wheaton Precious Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
The current year's Selling General Administrative is expected to grow to about 48.5 M. The current year's Tax Provision is expected to grow to about 1.5 M
 2021 2022 2023 2024 (projected)
Gross Profit658.9M565.5M787.9M409.6M
Total Revenue1.2B1.1B1.0B753.8M

Wheaton Precious fundamental ratios Correlations

-0.230.960.880.070.490.230.990.570.230.480.780.150.25-0.370.130.250.640.19-0.33-0.470.840.220.820.930.84
-0.23-0.21-0.28-0.24-0.10.12-0.25-0.140.120.250.11-0.150.170.93-0.080.120.17-0.260.980.54-0.270.060.06-0.130.22
0.96-0.210.79-0.190.410.390.930.640.390.650.7-0.120.24-0.36-0.140.410.64-0.08-0.31-0.480.930.160.860.920.78
0.88-0.280.790.330.47-0.050.910.25-0.050.240.870.370.27-0.360.36-0.030.370.41-0.38-0.520.590.240.770.90.77
0.07-0.24-0.190.330.15-0.780.17-0.29-0.78-0.710.150.960.04-0.150.95-0.78-0.130.96-0.25-0.18-0.380.2-0.240.020.04
0.49-0.10.410.470.150.290.460.120.290.110.60.3-0.11-0.290.30.290.360.33-0.220.120.37-0.010.310.330.56
0.230.120.39-0.05-0.780.290.110.41.00.630.16-0.6-0.07-0.05-0.591.00.38-0.580.130.340.57-0.080.320.140.25
0.99-0.250.930.910.170.460.110.540.110.410.770.230.26-0.370.210.130.610.27-0.36-0.530.780.230.790.930.82
0.57-0.140.640.25-0.290.120.40.540.40.420.13-0.23-0.16-0.17-0.250.40.77-0.21-0.15-0.080.73-0.080.420.440.35
0.230.120.39-0.05-0.780.291.00.110.40.630.16-0.6-0.07-0.05-0.591.00.38-0.580.130.340.57-0.080.320.140.25
0.480.250.650.24-0.710.110.630.410.420.630.35-0.660.390.04-0.650.660.5-0.660.18-0.20.730.180.740.490.49
0.780.110.70.870.150.60.160.770.130.160.350.270.25-0.020.280.180.420.27-0.01-0.170.490.20.80.820.9
0.15-0.15-0.120.370.960.3-0.60.23-0.23-0.6-0.660.270.01-0.11.0-0.6-0.020.99-0.16-0.03-0.310.22-0.180.060.18
0.250.170.240.270.04-0.11-0.070.26-0.16-0.070.390.250.01-0.060.03-0.030.190.020.16-0.380.110.790.470.330.19
-0.370.93-0.36-0.36-0.15-0.29-0.05-0.37-0.17-0.050.04-0.02-0.1-0.06-0.03-0.060.0-0.210.940.54-0.41-0.11-0.12-0.250.08
0.13-0.08-0.140.360.950.3-0.590.21-0.25-0.59-0.650.281.00.03-0.03-0.59-0.010.98-0.090.01-0.330.22-0.180.050.2
0.250.120.41-0.03-0.780.291.00.130.41.00.660.18-0.6-0.03-0.06-0.590.39-0.580.130.310.59-0.030.350.150.27
0.640.170.640.37-0.130.360.380.610.770.380.50.42-0.020.190.0-0.010.39-0.020.13-0.030.650.340.560.490.64
0.19-0.26-0.080.410.960.33-0.580.27-0.21-0.58-0.660.270.990.02-0.210.98-0.58-0.02-0.27-0.09-0.260.23-0.160.080.16
-0.330.98-0.31-0.38-0.25-0.220.13-0.36-0.150.130.18-0.01-0.160.160.94-0.090.130.13-0.270.61-0.340.07-0.04-0.240.09
-0.470.54-0.48-0.52-0.180.120.34-0.53-0.080.34-0.2-0.17-0.03-0.380.540.010.31-0.03-0.090.61-0.41-0.31-0.39-0.5-0.19
0.84-0.270.930.59-0.380.370.570.780.730.570.730.49-0.310.11-0.41-0.330.590.65-0.26-0.34-0.410.090.750.710.64
0.220.060.160.240.2-0.01-0.080.23-0.08-0.080.180.20.220.79-0.110.22-0.030.340.230.07-0.310.090.320.180.21
0.820.060.860.77-0.240.310.320.790.420.320.740.8-0.180.47-0.12-0.180.350.56-0.16-0.04-0.390.750.320.880.78
0.93-0.130.920.90.020.330.140.930.440.140.490.820.060.33-0.250.050.150.490.08-0.24-0.50.710.180.880.78
0.840.220.780.770.040.560.250.820.350.250.490.90.180.190.080.20.270.640.160.09-0.190.640.210.780.78
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Wheaton Precious Account Relationship Matchups

Wheaton Precious fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.3B6.0B6.3B6.8B7.0B7.4B
Total Current Liabilities64.7M31.2M29.7M30.7M26.1M40.0M
Total Stockholder Equity5.3B5.7B6.3B6.7B7.0B7.3B
Property Plant And Equipment Net5.8B5.5B6.0B5.8B6.1B3.5B
Net Debt774.8M6.0M(223.2M)(694.1M)(540.3M)(513.3M)
Accounts Payable11.8M13.0M13.9M12.6M13.5M14.2M
Cash104.0M192.7M226.0M696.1M546.5M573.9M
Non Current Assets Total6.1B5.8B6.0B6.0B6.5B6.8B
Non Currrent Assets Other4.5M5.0M6.9M18.1M66.4M76.0M
Cash And Short Term Investments104.0M192.7M226.0M696.1M546.5M573.9M
Net Receivables7.6M5.4M11.2M9.2M9.3M9.8M
Common Stock Shares Outstanding446.9M450.1M451.2M452.3M453.5M294.7M
Liabilities And Stockholders Equity6.3B6.0B6.3B6.8B7.0B7.4B
Non Current Liabilities Total887.4M211.5M16.3M11.5M19.6M18.6M
Inventory41.5M2.4M8.7M10.5M1.4M1.3M
Other Stockholder Equity160.7M126.9M47.0M66.5M76.5M72.7M
Total Liab952.1M242.7M46.0M42.2M45.7M43.4M
Total Current Assets154.8M201.8M249.7M720.1M567.4M595.8M
Intangible Assets4.9M3.0M2.7M2.3M6.4M6.7M
Short Long Term Debt Total878.8M198.6M2.9M2.0M6.2M5.9M
Other Current Liab41.5M76K136K14.6M12.0M17.1M
Short Term Debt(9.9M)(16.5M)(14.0M)818K604K573.8K
Retained Earnings1.6B1.9B2.5B2.9B3.2B3.4B
Other Current Assets46.4M3.7M3.8M4.3M10.2M5.3M
Other Assets65.6M54.8M64.4M63.6M73.2M46.4M
Accumulated Other Comprehensive Income160.7M126.9M47.0M66.5M(40.1M)(38.1M)
Common Stock3.6B3.6B3.7B3.8B3.8B3.2B
Other Liab9.4M13.7M14.3M10.4M11.9M8.8M
Net Tangible Assets5.3B5.7B6.2B6.7B7.7B6.1B
Long Term Debt770M1.3B874.5M195M175.5M166.7M
Long Term Investments310.6M199.9M61.5M255.5M246.7M193.2M
Property Plant Equipment5.7B5.5B5.9B5.7B5.1B4.6B
Net Invested Capital6.2B5.9B6.3B6.7B7.0B6.9B
Net Working Capital90.1M170.7M220.0M689.4M541.3M291.3M
Deferred Long Term Liab5.2M5.2M5.6M5.8M6.6M6.0M
Capital Stock3.6B3.6B3.7B3.8B3.8B4.0B

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When determining whether Wheaton Precious Metals is a strong investment it is important to analyze Wheaton Precious' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Wheaton Precious' future performance. For an informed investment choice regarding Wheaton Stock, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wheaton Precious Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Please note, there is a significant difference between Wheaton Precious' value and its price as these two are different measures arrived at by different means. Investors typically determine if Wheaton Precious is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wheaton Precious' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.