Group Roic vs Book Value Per Share Analysis

ZNG Stock

CAD 0.17 0.01 5.56%

Group Eleven financial indicator trend analysis is much more than just examining Group Eleven Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Group Eleven Resources is a good investment. Please check the relationship between Group Eleven Roic and its Book Value Per Share accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Group Eleven 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.

Roic vs Book Value Per Share

Roic vs Book Value Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Group Eleven Resources Roic account and Book Value Per Share. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Group Eleven's Roic and Book Value Per Share is -0.63. Overlapping area represents the amount of variation of Roic that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Group Eleven Resources, assuming nothing else is changed. The correlation between historical values of Group Eleven's Roic and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roic of Group Eleven Resources are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Roic i.e., Group Eleven's Roic and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

-0.63

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Most indicators from Group Eleven's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Group Eleven 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Group Eleven 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 1.2 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 2.3 M in 2024.

	2021	2022	2023	2024 (projected)
Net Interest Income	3.8K	2.3K	11.2K	6.8K
Minority Interest	60.2K	125.0K	51.3K	48.7K

Net Interest Income Minority Interest

Group Eleven fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Net Tangible Assets	Net Receivables	Common Stock	Property Plant Equipment	Net Invested Capital	Net Working Capital	Capital Stock	Current Deferred Revenue	Property Plant And Equipment Gross	Short Long Term Debt Total	Long Term Debt
Total Assets		0.86	0.94	1.0	0.98	-0.73	-0.79	0.9	0.8	0.98	0.72	0.66	0.46	0.94	0.82	0.98	0.84	0.92	0.98	-0.71	-0.71	0.6	-0.54	0.18	-0.31	-0.31
Other Current Liab	0.86		0.87	0.83	0.89	-0.37	-0.91	0.63	0.56	0.89	0.36	0.84	0.11	0.87	0.56	0.79	0.5	0.96	0.9	-0.76	-0.78	0.83	-0.6	0.12	-0.35	-0.35
Total Current Liabilities	0.94	0.87		0.92	0.96	-0.54	-0.85	0.85	0.66	0.96	0.53	0.71	0.26	1.0	0.68	0.89	0.72	0.94	0.96	-0.79	-0.82	0.68	-0.53	0.19	-0.35	-0.35
Total Stockholder Equity	1.0	0.83	0.92		0.96	-0.78	-0.75	0.92	0.86	0.96	0.77	0.63	0.53	0.92	0.87	0.99	0.87	0.89	0.96	-0.64	-0.65	0.58	-0.51	0.18	-0.32	-0.32
Property Plant And Equipment Net	0.98	0.89	0.96	0.96		-0.6	-0.83	0.83	0.67	1.0	0.6	0.7	0.32	0.96	0.69	0.95	0.77	0.95	1.0	-0.82	-0.83	0.62	-0.58	0.18	-0.29	-0.29
Net Debt	-0.73	-0.37	-0.54	-0.78	-0.6		0.23	-0.82	-0.92	-0.6	-1.0	-0.12	-0.89	-0.53	-0.93	-0.79	-0.89	-0.44	-0.58	0.13	0.12	-0.08	0.14	-0.04	0.05	0.05
Retained Earnings	-0.79	-0.91	-0.85	-0.75	-0.83	0.23		-0.55	-0.45	-0.83	-0.22	-0.97	0.05	-0.86	-0.46	-0.72	-0.39	-0.94	-0.86	0.85	0.83	-0.92	0.77	-0.42	0.61	0.61
Accounts Payable	0.9	0.63	0.85	0.92	0.83	-0.82	-0.55		0.89	0.83	0.81	0.42	0.58	0.83	0.9	0.91	0.9	0.71	0.84	-0.48	-0.48	0.36	-0.29	0.18	-0.3	-0.3
Cash	0.8	0.56	0.66	0.86	0.67	-0.92	-0.45	0.89		0.67	0.9	0.38	0.78	0.65	1.0	0.84	0.84	0.61	0.68	-0.19	-0.18	0.38	-0.27	0.16	-0.32	-0.32
Non Current Assets Total	0.98	0.89	0.96	0.96	1.0	-0.6	-0.83	0.83	0.67		0.6	0.7	0.32	0.96	0.69	0.95	0.77	0.95	1.0	-0.82	-0.83	0.62	-0.58	0.18	-0.29	-0.29
Cash And Short Term Investments	0.72	0.36	0.53	0.77	0.6	-1.0	-0.22	0.81	0.9	0.6		0.11	0.88	0.53	0.91	0.78	0.89	0.43	0.58	-0.14	-0.13	0.06	-0.15	0.06	-0.04	-0.04
Common Stock Shares Outstanding	0.66	0.84	0.71	0.63	0.7	-0.12	-0.97	0.42	0.38	0.7	0.11		-0.1	0.72	0.38	0.6	0.24	0.85	0.74	-0.75	-0.71	0.95	-0.78	0.55	-0.74	-0.74
Other Stockholder Equity	0.46	0.11	0.26	0.53	0.32	-0.89	0.05	0.58	0.78	0.32	0.88	-0.1		0.25	0.78	0.57	0.75	0.17	0.3	0.17	0.18	-0.12	0.12	-0.05	0.07	0.07
Total Liab	0.94	0.87	1.0	0.92	0.96	-0.53	-0.86	0.83	0.65	0.96	0.53	0.72	0.25		0.67	0.89	0.71	0.95	0.97	-0.81	-0.83	0.69	-0.55	0.19	-0.34	-0.34
Total Current Assets	0.82	0.56	0.68	0.87	0.69	-0.93	-0.46	0.9	1.0	0.69	0.91	0.38	0.78	0.67		0.85	0.85	0.62	0.7	-0.21	-0.2	0.38	-0.27	0.16	-0.31	-0.31
Net Tangible Assets	0.98	0.79	0.89	0.99	0.95	-0.79	-0.72	0.91	0.84	0.95	0.78	0.6	0.57	0.89	0.85		0.9	0.86	0.95	-0.63	-0.63	0.52	-0.5	0.22	-0.32	-0.32
Net Receivables	0.84	0.5	0.72	0.87	0.77	-0.89	-0.39	0.9	0.84	0.77	0.89	0.24	0.75	0.71	0.85	0.9		0.6	0.76	-0.37	-0.37	0.17	-0.14	0.08	-0.09	-0.09
Common Stock	0.92	0.96	0.94	0.89	0.95	-0.44	-0.94	0.71	0.61	0.95	0.43	0.85	0.17	0.95	0.62	0.86	0.6		0.96	-0.8	-0.82	0.83	-0.69	0.18	-0.39	-0.39
Property Plant Equipment	0.98	0.9	0.96	0.96	1.0	-0.58	-0.86	0.84	0.68	1.0	0.58	0.74	0.3	0.97	0.7	0.95	0.76	0.96		-0.81	-0.82	0.67	-0.6	0.21	-0.34	-0.34
Net Invested Capital	-0.71	-0.76	-0.79	-0.64	-0.82	0.13	0.85	-0.48	-0.19	-0.82	-0.14	-0.75	0.17	-0.81	-0.21	-0.63	-0.37	-0.8	-0.81		0.99	-0.6	0.67	-0.38	0.38	0.38
Net Working Capital	-0.71	-0.78	-0.82	-0.65	-0.83	0.12	0.83	-0.48	-0.18	-0.83	-0.13	-0.71	0.18	-0.83	-0.2	-0.63	-0.37	-0.82	-0.82	0.99		-0.6	0.62	-0.24	0.26	0.26
Capital Stock	0.6	0.83	0.68	0.58	0.62	-0.08	-0.92	0.36	0.38	0.62	0.06	0.95	-0.12	0.69	0.38	0.52	0.17	0.83	0.67	-0.6	-0.6		-0.72	0.32	-0.61	-0.61
Current Deferred Revenue	-0.54	-0.6	-0.53	-0.51	-0.58	0.14	0.77	-0.29	-0.27	-0.58	-0.15	-0.78	0.12	-0.55	-0.27	-0.5	-0.14	-0.69	-0.6	0.67	0.62	-0.72		-0.43	0.49	0.49
Property Plant And Equipment Gross	0.18	0.12	0.19	0.18	0.18	-0.04	-0.42	0.18	0.16	0.18	0.06	0.55	-0.05	0.19	0.16	0.22	0.08	0.18	0.21	-0.38	-0.24	0.32	-0.43		-0.89	-0.89
Short Long Term Debt Total	-0.31	-0.35	-0.35	-0.32	-0.29	0.05	0.61	-0.3	-0.32	-0.29	-0.04	-0.74	0.07	-0.34	-0.31	-0.32	-0.09	-0.39	-0.34	0.38	0.26	-0.61	0.49	-0.89		1.0
Long Term Debt	-0.31	-0.35	-0.35	-0.32	-0.29	0.05	0.61	-0.3	-0.32	-0.29	-0.04	-0.74	0.07	-0.34	-0.31	-0.32	-0.09	-0.39	-0.34	0.38	0.26	-0.61	0.49	-0.89	1.0

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Group Eleven Account Relationship Matchups

Group Eleven fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	9.9M	11.3M	9.9M	10.1M	12.3M	9.9M
Other Current Liab	108.8K	117.6K	194.6K	225.6K	259.5K	131.4K
Total Current Liabilities	932.2K	711.7K	571.2K	711.6K	896.1K	640.9K
Total Stockholder Equity	6.1M	7.5M	6.3M	6.4M	8.6M	6.7M
Property Plant And Equipment Net	8.9M	8.9M	8.9M	8.9M	8.9M	7.7M
Net Debt	(862.0K)	(2.2M)	(903.7K)	(1.1M)	(1.2M)	(1.3M)
Retained Earnings	(8.8M)	(10.7M)	(12.7M)	(15.1M)	(17.6M)	(16.7M)
Accounts Payable	387.9K	356.0K	157.0K	123.4K	404.8K	310.6K
Cash	862.0K	2.3M	943.7K	1.1M	3.4M	2.1M
Non Current Assets Total	8.9M	8.9M	8.9M	8.9M	8.9M	7.7M
Cash And Short Term Investments	862.0K	2.3M	943.7K	1.1M	1.0M	1.4M
Common Stock Shares Outstanding	63.8M	91.9M	137.2M	155.6M	200.0M	210.0M
Liabilities And Stockholders Equity	9.9M	11.3M	9.9M	10.1M	11.6M	9.4M
Other Stockholder Equity	620.7K	801.4K	869.8K	1.0M	931.7K	885.2K
Total Liab	932.2K	751.7K	611.2K	751.6K	896.1K	655.6K
Total Current Assets	995.9K	2.4M	1.0M	1.2M	3.4M	2.2M
Accumulated Other Comprehensive Income	620.7K	801.4K	869.8K	1.0M	1.2M	709.5K
Net Tangible Assets	6.1M	7.5M	6.3M	6.4M	7.4M	7.2M
Net Receivables	79.2K	81.7K	23.9K	60.0K	54.0K	56.6K
Common Stock	14.3M	17.4M	18.1M	20.5M	23.6M	15.5M
Property Plant Equipment	8.9M	8.9M	8.9M	8.9M	10.2M	8.4M
Net Invested Capital	6.1M	7.5M	6.3M	6.5M	8.6M	6.0M
Net Working Capital	63.7K	1.7M	452.8K	496.7K	2.5M	1.3M
Capital Stock	14.3M	17.4M	18.1M	20.5M	24.6M	19.8M

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