Altamira Gross Profit vs Total Operating Expenses Analysis

ALTA Stock

CAD 0.10 0.01 9.09%

Altamira Gold financial indicator trend analysis is way more than just evaluating Altamira Gold Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Altamira Gold Corp is a good investment. Please check the relationship between Altamira Gold Gross Profit and its Total Operating Expenses accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altamira Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Gross Profit vs Total Operating Expenses

Gross Profit vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altamira Gold Corp Gross Profit account and Total Operating Expenses. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Altamira Gold's Gross Profit and Total Operating Expenses is -0.59. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Altamira Gold Corp, assuming nothing else is changed. The correlation between historical values of Altamira Gold's Gross Profit and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Altamira Gold Corp are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Gross Profit i.e., Altamira Gold's Gross Profit and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

-0.59

Relationship Direction	Negative
Relationship Strength	Very Weak

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Gross Profit

Gross profit is a required income statement account that reflects total revenue of Altamira Gold Corp minus its cost of goods sold. It is profit before Altamira Gold operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Most indicators from Altamira Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Altamira Gold Corp 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 Altamira Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Issuance Of Capital Stock is likely to climb to about 7.1 M in 2025, whereas Selling General Administrative is likely to drop slightly above 100.9 K in 2025.

	2022	2023	2024	2025 (projected)
Reconciled Depreciation	10.2K	11.3K	10.2K	13.5K
Interest Income	51.4K	72.8K	83.7K	87.9K

Reconciled Depreciation Interest Income

Altamira Gold fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Inventory	Short Term Investments	Other Liab	Net Tangible Assets	Common Stock	Property Plant Equipment
Total Assets		0.51	0.62	0.8	1.0	0.6	-0.48	-0.93	0.75	0.85	0.39	-0.06	0.36	-0.16	0.4	0.26	-0.22	-0.3	0.85	0.85	-0.28	0.53	0.65	0.73	0.98	0.72
Short Long Term Debt Total	0.51		0.01	0.1	0.52	0.58	-0.42	-0.59	-0.03	0.67	0.08	-0.34	0.34	-0.21	0.19	0.48	-0.49	-0.08	0.27	0.66	-0.31	0.44	0.61	0.73	0.6	0.64
Other Current Liab	0.62	0.01		0.64	0.62	-0.1	-0.47	-0.46	0.72	0.58	0.38	0.42	0.39	-0.03	0.42	-0.39	0.27	-0.42	0.53	0.58	0.18	0.36	0.03	-0.04	0.56	-0.05
Total Current Liabilities	0.8	0.1	0.64		0.79	0.34	-0.29	-0.63	0.95	0.62	0.26	-0.01	0.18	-0.1	0.21	0.02	-0.11	-0.33	0.96	0.62	0.11	0.16	0.38	0.46	0.73	0.47
Total Stockholder Equity	1.0	0.52	0.62	0.79		0.6	-0.49	-0.93	0.74	0.85	0.4	-0.06	0.37	-0.15	0.4	0.26	-0.22	-0.3	0.85	0.85	-0.28	0.53	0.65	0.73	0.98	0.72
Property Plant And Equipment Net	0.6	0.58	-0.1	0.34	0.6		-0.19	-0.57	0.18	0.42	0.27	-0.47	0.11	-0.33	0.1	0.69	-0.54	-0.29	0.55	0.4	-0.47	0.32	0.83	0.88	0.67	0.89
Net Debt	-0.48	-0.42	-0.47	-0.29	-0.49	-0.19		0.23	-0.24	-0.71	-0.76	-0.56	-0.98	0.28	-0.8	0.42	-0.46	0.6	-0.3	-0.7	0.08	-0.66	-0.18	-0.29	-0.47	-0.19
Retained Earnings	-0.93	-0.59	-0.46	-0.63	-0.93	-0.57	0.23		-0.6	-0.76	-0.12	0.29	-0.1	0.02	-0.18	-0.49	0.42	-0.01	-0.7	-0.76	0.41	-0.42	-0.66	-0.74	-0.92	-0.73
Accounts Payable	0.75	-0.03	0.72	0.95	0.74	0.18	-0.24	-0.6		0.57	0.21	0.07	0.14	0.02	0.23	-0.07	-0.02	-0.2	0.86	0.58	0.13	0.1	0.21	0.29	0.64	0.31
Cash	0.85	0.67	0.58	0.62	0.85	0.42	-0.71	-0.76	0.57		0.29	-0.03	0.58	-0.12	0.39	0.06	-0.13	-0.25	0.63	1.0	-0.2	0.44	0.37	0.61	0.82	0.51
Non Current Assets Total	0.39	0.08	0.38	0.26	0.4	0.27	-0.76	-0.12	0.21	0.29		0.73	0.81	-0.38	0.91	-0.37	0.57	-0.77	0.34	0.28	-0.1	0.8	0.4	0.24	0.41	0.25
Non Currrent Assets Other	-0.06	-0.34	0.42	-0.01	-0.06	-0.47	-0.56	0.29	0.07	-0.03	0.73		0.67	-0.12	0.76	-0.83	0.91	-0.5	-0.08	-0.03	0.24	0.5	-0.23	-0.41	-0.1	-0.41
Cash And Short Term Investments	0.36	0.34	0.39	0.18	0.37	0.11	-0.98	-0.1	0.14	0.58	0.81	0.67		-0.3	0.85	-0.5	0.55	-0.62	0.2	0.57	-0.04	0.7	0.15	0.22	0.36	0.12
Net Receivables	-0.16	-0.21	-0.03	-0.1	-0.15	-0.33	0.28	0.02	0.02	-0.12	-0.38	-0.12	-0.3		-0.29	0.06	0.05	0.56	-0.22	-0.09	-0.18	-0.35	-0.35	-0.3	-0.23	-0.29
Common Stock Shares Outstanding	0.4	0.19	0.42	0.21	0.4	0.1	-0.8	-0.18	0.23	0.39	0.91	0.76	0.85	-0.29		-0.44	0.56	-0.6	0.27	0.38	0.02	0.85	0.3	0.22	0.4	0.19
Non Current Liabilities Total	0.26	0.48	-0.39	0.02	0.26	0.69	0.42	-0.49	-0.07	0.06	-0.37	-0.83	-0.5	0.06	-0.44		-0.78	0.38	0.19	0.06	-0.57	-0.12	0.61	0.61	0.32	0.65
Other Current Assets	-0.22	-0.49	0.27	-0.11	-0.22	-0.54	-0.46	0.42	-0.02	-0.13	0.57	0.91	0.55	0.05	0.56	-0.78		-0.27	-0.23	-0.13	0.05	0.24	-0.43	-0.55	-0.3	-0.56
Other Stockholder Equity	-0.3	-0.08	-0.42	-0.33	-0.3	-0.29	0.6	-0.01	-0.2	-0.25	-0.77	-0.5	-0.62	0.56	-0.6	0.38	-0.27		-0.42	-0.22	-0.32	-0.59	-0.36	-0.2	-0.37	-0.2
Total Liab	0.85	0.27	0.53	0.96	0.85	0.55	-0.3	-0.7	0.86	0.63	0.34	-0.08	0.2	-0.22	0.27	0.19	-0.23	-0.42		0.63	0.03	0.3	0.62	0.65	0.83	0.68
Total Current Assets	0.85	0.66	0.58	0.62	0.85	0.4	-0.7	-0.76	0.58	1.0	0.28	-0.03	0.57	-0.09	0.38	0.06	-0.13	-0.22	0.63		-0.2	0.42	0.36	0.6	0.82	0.5
Inventory	-0.28	-0.31	0.18	0.11	-0.28	-0.47	0.08	0.41	0.13	-0.2	-0.1	0.24	-0.04	-0.18	0.02	-0.57	0.05	-0.32	0.03	-0.2		-0.12	-0.34	-0.36	-0.27	-0.36
Short Term Investments	0.53	0.44	0.36	0.16	0.53	0.32	-0.66	-0.42	0.1	0.44	0.8	0.5	0.7	-0.35	0.85	-0.12	0.24	-0.59	0.3	0.42	-0.12		0.61	0.46	0.6	0.45
Other Liab	0.65	0.61	0.03	0.38	0.65	0.83	-0.18	-0.66	0.21	0.37	0.4	-0.23	0.15	-0.35	0.3	0.61	-0.43	-0.36	0.62	0.36	-0.34	0.61		0.86	0.75	0.9
Net Tangible Assets	0.73	0.73	-0.04	0.46	0.73	0.88	-0.29	-0.74	0.29	0.61	0.24	-0.41	0.22	-0.3	0.22	0.61	-0.55	-0.2	0.65	0.6	-0.36	0.46	0.86		0.8	0.99
Common Stock	0.98	0.6	0.56	0.73	0.98	0.67	-0.47	-0.92	0.64	0.82	0.41	-0.1	0.36	-0.23	0.4	0.32	-0.3	-0.37	0.83	0.82	-0.27	0.6	0.75	0.8		0.79
Property Plant Equipment	0.72	0.64	-0.05	0.47	0.72	0.89	-0.19	-0.73	0.31	0.51	0.25	-0.41	0.12	-0.29	0.19	0.65	-0.56	-0.2	0.68	0.5	-0.36	0.45	0.9	0.99	0.79

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Altamira Gross Profit vs Total Operating Expenses Analysis

Gross Profit vs Total Operating Expenses

Gross Profit vs Total Operating Expenses Correlation Analysis

Correlation Coefficient

Gross Profit

Total Operating Expenses

Altamira Gold fundamental ratios Correlations

Altamira Gold Account Relationship Matchups

High Positive Relationship

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Cash
Property Plant Equipment	+ 0.99	Net Tangible Assets
Common Stock	+ 0.98	Total Assets
Common Stock	+ 0.98	Total Stockholder Equity
Total Liab	+ 0.96	Total Current Liabilities

Cash And Short Term Investments	- 0.98	Net Debt
Retained Earnings	- 0.93	Total Stockholder Equity
Retained Earnings	- 0.93	Total Assets
Common Stock	- 0.92	Retained Earnings
Non Current Liabilities Total	- 0.83	Non Currrent Assets Other
Common Stock Shares Outstanding	- 0.8	Net Debt