Aspire Capital Expenditures vs Free Cash Flow Analysis

AKM Stock

0.29 0.01 3.57%

Aspire Mining financial indicator trend analysis is way more than just evaluating Aspire Mining prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aspire Mining is a good investment. Please check the relationship between Aspire Mining Capital Expenditures and its Free Cash Flow accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aspire Mining. 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.

Capital Expenditures vs Free Cash Flow

Capital Expenditures vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aspire Mining Capital Expenditures account and Free Cash Flow. At this time, the significance of the direction appears to have pay attention.

The correlation between Aspire Mining's Capital Expenditures and Free Cash Flow is -0.97. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Aspire Mining, assuming nothing else is changed. The correlation between historical values of Aspire Mining's Capital Expenditures and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Aspire Mining are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Capital Expenditures i.e., Aspire Mining's Capital Expenditures and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.97

Relationship Direction	Negative
Relationship Strength	Significant

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Capital Expenditures

Capital Expenditures are funds used by Aspire Mining to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Aspire Mining operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Aspire Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aspire Mining 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Aspire Mining. 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.

Tax Provision is likely to gain to about 29.2 K in 2024, whereas Selling General Administrative is likely to drop slightly above 538.9 K in 2024.

Aspire Mining fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Accounts Payable	Cash	Net Receivables	Other Current Assets	Total Liab	Common Stock	Property Plant Equipment	Other Current Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Current Assets Total	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Inventory	Other Stockholder Equity	Property Plant And Equipment Gross	Total Current Assets	Short Term Investments	Short Term Debt	Intangible Assets	Short Long Term Debt Total
Total Assets		-0.28	0.99	0.07	0.74	0.23	0.29	-0.35	0.88	0.69	-0.31	-0.13	-0.71	-0.64	0.67	0.83	0.78	0.68	-0.17	-0.57	0.69	0.83	0.16	-0.38	0.17	-0.5
Total Current Liabilities	-0.28		-0.4	0.0	-0.43	-0.27	-0.31	0.83	-0.29	0.14	0.73	0.05	0.53	0.24	0.15	-0.49	-0.34	-0.45	0.11	0.6	0.12	-0.5	0.42	0.83	-0.44	0.56
Total Stockholder Equity	0.99	-0.4		0.07	0.79	0.26	0.32	-0.49	0.88	0.6	-0.41	-0.19	-0.78	-0.64	0.57	0.89	0.79	0.72	-0.17	-0.63	0.6	0.89	0.05	-0.51	0.24	-0.61
Accounts Payable	0.07	0.0	0.07		0.12	-0.07	0.1	-0.01	-0.15	0.07	0.3	0.28	-0.13	0.26	0.07	0.02	-0.16	-0.26	0.06	0.12	0.05	0.03	0.35	-0.1	0.43	-0.02
Cash	0.74	-0.43	0.79	0.12		0.04	0.11	-0.6	0.6	0.1	-0.42	-0.47	-0.99	-0.4	0.1	0.93	0.57	0.59	0.14	-0.7	0.08	0.92	-0.06	-0.58	0.52	-0.63
Net Receivables	0.23	-0.27	0.26	-0.07	0.04		0.96	-0.36	0.38	0.18	-0.23	0.38	-0.09	-0.63	0.13	0.22	0.63	0.63	-0.97	0.19	0.23	0.25	-0.4	-0.34	-0.1	-0.39
Other Current Assets	0.29	-0.31	0.32	0.1	0.11	0.96		-0.39	0.43	0.2	-0.27	0.39	-0.16	-0.66	0.16	0.27	0.67	0.65	-0.92	0.1	0.24	0.3	-0.35	-0.37	0.0	-0.46
Total Liab	-0.35	0.83	-0.49	-0.01	-0.6	-0.36	-0.39		-0.4	0.26	0.72	0.3	0.72	0.33	0.28	-0.69	-0.46	-0.62	0.16	0.52	0.24	-0.7	0.59	0.96	-0.47	0.88
Common Stock	0.88	-0.29	0.88	-0.15	0.6	0.38	0.43	-0.4		0.57	-0.41	-0.25	-0.6	-0.86	0.51	0.77	0.88	0.83	-0.34	-0.58	0.58	0.79	-0.09	-0.34	0.0	-0.53
Property Plant Equipment	0.69	0.14	0.6	0.07	0.1	0.18	0.2	0.26	0.57		0.05	0.36	-0.03	-0.43	0.99	0.17	0.47	0.24	-0.29	-0.09	1.0	0.19	0.55	0.17	-0.2	0.05
Other Current Liab	-0.31	0.73	-0.41	0.3	-0.42	-0.23	-0.27	0.72	-0.41	0.05		0.08	0.49	0.4	0.05	-0.47	-0.44	-0.53	0.1	0.57	0.03	-0.47	0.36	0.62	-0.26	0.62
Property Plant And Equipment Net	-0.13	0.05	-0.19	0.28	-0.47	0.38	0.39	0.3	-0.25	0.36	0.08		0.47	0.15	0.37	-0.45	-0.14	-0.28	-0.48	0.56	0.38	-0.43	0.26	0.2	-0.18	0.33
Net Debt	-0.71	0.53	-0.78	-0.13	-0.99	-0.09	-0.16	0.72	-0.6	-0.03	0.49	0.47		0.39	-0.02	-0.94	-0.57	-0.62	-0.11	0.71	-0.02	-0.94	0.17	0.7	-0.56	0.72
Retained Earnings	-0.64	0.24	-0.64	0.26	-0.4	-0.63	-0.66	0.33	-0.86	-0.43	0.4	0.15	0.39		-0.39	-0.56	-0.96	-0.92	0.59	0.43	-0.45	-0.58	0.22	0.23	0.15	0.47
Non Current Assets Total	0.67	0.15	0.57	0.07	0.1	0.13	0.16	0.28	0.51	0.99	0.05	0.37	-0.02	-0.39		0.14	0.45	0.21	-0.24	-0.1	0.99	0.15	0.6	0.18	-0.19	0.08
Cash And Short Term Investments	0.83	-0.49	0.89	0.02	0.93	0.22	0.27	-0.69	0.77	0.17	-0.47	-0.45	-0.94	-0.56	0.14		0.72	0.76	-0.05	-0.68	0.17	1.0	-0.24	-0.66	0.37	-0.73
Common Stock Total Equity	0.78	-0.34	0.79	-0.16	0.57	0.63	0.67	-0.46	0.88	0.47	-0.44	-0.14	-0.57	-0.96	0.45	0.72		0.96	-0.56	-0.48	0.49	0.73	-0.21	-0.4	-0.02	-0.6
Common Stock Shares Outstanding	0.68	-0.45	0.72	-0.26	0.59	0.63	0.65	-0.62	0.83	0.24	-0.53	-0.28	-0.62	-0.92	0.21	0.76	0.96		-0.51	-0.51	0.26	0.77	-0.45	-0.53	-0.02	-0.69
Inventory	-0.17	0.11	-0.17	0.06	0.14	-0.97	-0.92	0.16	-0.34	-0.29	0.1	-0.48	-0.11	0.59	-0.24	-0.05	-0.56	-0.51		-0.32	-0.34	-0.08	0.26	0.15	0.2	0.23
Other Stockholder Equity	-0.57	0.6	-0.63	0.12	-0.7	0.19	0.1	0.52	-0.58	-0.09	0.57	0.56	0.71	0.43	-0.1	-0.68	-0.48	-0.51	-0.32		-0.08	-0.67	0.0	0.47	-0.43	0.47
Property Plant And Equipment Gross	0.69	0.12	0.6	0.05	0.08	0.23	0.24	0.24	0.58	1.0	0.03	0.38	-0.02	-0.45	0.99	0.17	0.49	0.26	-0.34	-0.08		0.19	0.52	0.15	-0.22	0.04
Total Current Assets	0.83	-0.5	0.89	0.03	0.92	0.25	0.3	-0.7	0.79	0.19	-0.47	-0.43	-0.94	-0.58	0.15	1.0	0.73	0.77	-0.08	-0.67	0.19		-0.25	-0.66	0.36	-0.73
Short Term Investments	0.16	0.42	0.05	0.35	-0.06	-0.4	-0.35	0.59	-0.09	0.55	0.36	0.26	0.17	0.22	0.6	-0.24	-0.21	-0.45	0.26	0.0	0.52	-0.25		0.49	0.24	0.45
Short Term Debt	-0.38	0.83	-0.51	-0.1	-0.58	-0.34	-0.37	0.96	-0.34	0.17	0.62	0.2	0.7	0.23	0.18	-0.66	-0.4	-0.53	0.15	0.47	0.15	-0.66	0.49		-0.53	0.87
Intangible Assets	0.17	-0.44	0.24	0.43	0.52	-0.1	0.0	-0.47	0.0	-0.2	-0.26	-0.18	-0.56	0.15	-0.19	0.37	-0.02	-0.02	0.2	-0.43	-0.22	0.36	0.24	-0.53		-0.44
Short Long Term Debt Total	-0.5	0.56	-0.61	-0.02	-0.63	-0.39	-0.46	0.88	-0.53	0.05	0.62	0.33	0.72	0.47	0.08	-0.73	-0.6	-0.69	0.23	0.47	0.04	-0.73	0.45	0.87	-0.44

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Aspire Mining Account Relationship Matchups

Aspire Mining fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	78.5M	70.2M	70.5M	68.7M	66.3M	48.1M
Total Current Liabilities	173.7K	229.2K	378.5K	206.0K	311.8K	296.2K
Total Stockholder Equity	78.7M	70.3M	70.6M	69.0M	66.6M	45.4M
Accounts Payable	130.6K	152.9K	270.4K	16.2K	152.2K	186.7K
Cash	40.7M	34.2M	32.0M	12.9M	10.2M	12.7M
Net Receivables	356.7K	75.7K	143.7K	256.4K	1.4M	1.5M
Other Current Assets	802.4K	457.8K	654.8K	644.7K	2.7M	2.9M
Total Liab	232.6K	272.2K	378.5K	206.0K	311.8K	296.2K
Property Plant Equipment	36.8M	35.5M	37.8M	39.6M	45.5M	32.3M
Other Current Liab	31.5K	65.8K	107.3K	155.4K	159.6K	151.7K
Property Plant And Equipment Net	304.3K	421.7K	389.9K	361.2K	40.1M	42.1M
Net Debt	(40.6M)	(34.1M)	(32.0M)	(12.9M)	(10.2M)	(10.8M)
Retained Earnings	(64.3M)	(69.2M)	(68.7M)	(69.3M)	(91.1M)	(86.6M)
Non Current Assets Total	36.9M	35.5M	37.9M	39.6M	40.1M	34.9M
Cash And Short Term Investments	40.7M	34.2M	32.0M	28.0M	23.5M	15.2M
Common Stock Shares Outstanding	300.6M	433.4M	507.6M	507.6M	583.8M	613.0M
Liabilities And Stockholders Equity	78.5M	70.2M	70.5M	68.7M	66.3M	50.7M
Other Stockholder Equity	(15.0M)	(18.5M)	(10.7M)	(11.8M)	(1.0)	(1.05)
Property Plant And Equipment Gross	36.8M	35.5M	37.8M	40.4M	46.5M	34.3M
Total Current Assets	41.5M	34.7M	32.6M	29.0M	26.2M	15.9M
Accumulated Other Comprehensive Income	(7.0M)	(10.5M)	(10.7M)	(11.8M)	(29.3M)	(27.9M)
Short Term Debt	12.1K	11.6K	10.5K	859.0	773.1	734.45
Intangible Assets	171.1K	76.9K	28.0K	9.3K	23.2K	45.8K
Short Long Term Debt Total	85.5K	70.5K	53.5K	859.0	773.1	734.45
Non Currrent Assets Other	36.5M	35.0M	37.4M	39.2M	45.1M	30.8M
Long Term Debt	3.2M	73.4K	58.9K	43.0K	38.7K	36.7K
Short Long Term Debt	3.2M	12.1K	11.6K	10.5K	9.5K	9.0K
Net Tangible Assets	78.6M	70.3M	70.6M	69.0M	79.3M	56.9M
Net Invested Capital	78.8M	70.4M	70.6M	69.0M	79.3M	65.7M
Net Working Capital	41.3M	34.5M	32.3M	28.8M	33.2M	23.0M

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