Artemis Roic vs Capex To Depreciation Analysis

ARTG Stock

CAD 14.15 0.28 2.02%

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

Roic vs Capex To Depreciation

Roic vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Artemis Gold Roic account and Capex To Depreciation. At this time, the significance of the direction appears to have pay attention.

The correlation between Artemis Gold's Roic and Capex To Depreciation is -0.79. Overlapping area represents the amount of variation of Roic that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Artemis Gold, assuming nothing else is changed. The correlation between historical values of Artemis Gold's Roic and Capex To Depreciation 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 Artemis Gold are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Roic i.e., Artemis Gold's Roic and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

-0.79

Relationship Direction	Negative
Relationship Strength	Weak

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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.

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

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

Selling General Administrative is likely to drop to about 9.7 M in 2024. Issuance Of Capital Stock is expected to grow at the current pace this year

	2021	2022	2023	2024 (projected)
Interest Income	722.3K	3.0M	3.5M	3.7M
Net Interest Income	640.4K	3.0M	3.4M	3.6M

Interest Income Net Interest Income

Artemis Gold fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital
Total Assets		0.75	0.85	0.84	0.96	0.91	0.94	0.92	-0.19	-0.93	0.9	0.9	0.92	0.87	0.41	0.9	0.84	0.97	0.02	0.8	0.76	-0.86	0.84	0.98	0.82	0.99
Short Long Term Debt Total	0.75		0.65	0.65	0.61	0.52	0.53	0.91	0.41	-0.83	0.83	0.55	0.91	0.93	-0.14	0.54	0.98	0.66	-0.22	0.99	1.0	-0.98	0.98	0.69	0.99	0.68
Other Current Liab	0.85	0.65		1.0	0.78	0.84	0.77	0.81	-0.01	-0.73	0.76	0.65	0.81	0.73	0.18	0.66	0.73	0.77	0.42	0.71	0.66	-0.75	0.73	0.75	0.75	0.81
Total Current Liabilities	0.84	0.65	1.0		0.77	0.84	0.76	0.81	0.01	-0.72	0.75	0.63	0.81	0.72	0.16	0.64	0.73	0.76	0.43	0.71	0.66	-0.74	0.73	0.74	0.75	0.8
Total Stockholder Equity	0.96	0.61	0.78	0.77		0.96	0.98	0.88	-0.43	-0.92	0.89	0.98	0.87	0.81	0.63	0.98	0.74	0.99	0.06	0.69	0.63	-0.75	0.74	0.97	0.71	0.99
Other Liab	0.91	0.52	0.84	0.84	0.96		0.98	0.82	-0.42	-0.81	0.77	0.89	0.81	0.68	0.55	0.89	0.64	0.95	0.34	0.6	0.53	-0.65	0.64	0.88	0.64	0.94
Net Tangible Assets	0.94	0.53	0.77	0.76	0.98	0.98		0.82	-0.45	-0.85	0.8	0.94	0.81	0.71	0.61	0.94	0.65	0.98	0.17	0.61	0.55	-0.67	0.65	0.93	0.64	0.97
Property Plant And Equipment Net	0.92	0.91	0.81	0.81	0.88	0.82	0.82		0.02	-0.96	0.95	0.82	1.0	0.96	0.23	0.82	0.96	0.89	-0.03	0.95	0.91	-0.96	0.96	0.89	0.96	0.9
Net Debt	-0.19	0.41	-0.01	0.01	-0.43	-0.42	-0.45	0.02		0.16	-0.13	-0.53	0.03	0.08	-0.95	-0.53	0.24	-0.36	-0.12	0.33	0.39	-0.23	0.24	-0.31	0.31	-0.33
Retained Earnings	-0.93	-0.83	-0.73	-0.72	-0.92	-0.81	-0.85	-0.96	0.16		-0.99	-0.91	-0.96	-0.97	-0.43	-0.91	-0.92	-0.93	0.2	-0.88	-0.84	0.92	-0.92	-0.95	-0.88	-0.94
Accounts Payable	0.9	0.83	0.76	0.75	0.89	0.77	0.8	0.95	-0.13	-0.99		0.88	0.95	0.98	0.41	0.88	0.92	0.89	-0.18	0.87	0.84	-0.93	0.92	0.92	0.88	0.91
Cash	0.9	0.55	0.65	0.63	0.98	0.89	0.94	0.82	-0.53	-0.91	0.88		0.81	0.78	0.73	1.0	0.69	0.97	-0.1	0.62	0.56	-0.7	0.69	0.96	0.63	0.96
Non Current Assets Total	0.92	0.91	0.81	0.81	0.87	0.81	0.81	1.0	0.03	-0.96	0.95	0.81		0.96	0.23	0.81	0.96	0.89	-0.03	0.95	0.92	-0.96	0.96	0.88	0.96	0.9
Non Currrent Assets Other	0.87	0.93	0.73	0.72	0.81	0.68	0.71	0.96	0.08	-0.97	0.98	0.78	0.96		0.21	0.78	0.98	0.82	-0.24	0.95	0.94	-0.98	0.98	0.87	0.95	0.84
Other Assets	0.41	-0.14	0.18	0.16	0.63	0.55	0.61	0.23	-0.95	-0.43	0.41	0.73	0.23	0.21		0.73	0.04	0.57	-0.04	-0.06	-0.12	-0.05	0.04	0.54	-0.04	0.54
Cash And Short Term Investments	0.9	0.54	0.66	0.64	0.98	0.89	0.94	0.82	-0.53	-0.91	0.88	1.0	0.81	0.78	0.73		0.69	0.97	-0.08	0.62	0.56	-0.7	0.69	0.96	0.63	0.96
Net Receivables	0.84	0.98	0.73	0.73	0.74	0.64	0.65	0.96	0.24	-0.92	0.92	0.69	0.96	0.98	0.04	0.69		0.77	-0.19	0.99	0.98	-1.0	1.0	0.8	0.99	0.79
Common Stock Shares Outstanding	0.97	0.66	0.77	0.76	0.99	0.95	0.98	0.89	-0.36	-0.93	0.89	0.97	0.89	0.82	0.57	0.97	0.77		0.02	0.73	0.67	-0.78	0.77	0.98	0.74	1.0
Short Term Investments	0.02	-0.22	0.42	0.43	0.06	0.34	0.17	-0.03	-0.12	0.2	-0.18	-0.1	-0.03	-0.24	-0.04	-0.08	-0.19	0.02		-0.17	-0.23	0.19	-0.19	-0.13	-0.11	0.02
Non Current Liabilities Total	0.8	0.99	0.71	0.71	0.69	0.6	0.61	0.95	0.33	-0.88	0.87	0.62	0.95	0.95	-0.06	0.62	0.99	0.73	-0.17		1.0	-0.99	0.99	0.75	1.0	0.75
Capital Lease Obligations	0.76	1.0	0.66	0.66	0.63	0.53	0.55	0.91	0.39	-0.84	0.84	0.56	0.92	0.94	-0.12	0.56	0.98	0.67	-0.23	1.0		-0.98	0.98	0.71	0.99	0.69
Inventory	-0.86	-0.98	-0.75	-0.74	-0.75	-0.65	-0.67	-0.96	-0.23	0.92	-0.93	-0.7	-0.96	-0.98	-0.05	-0.7	-1.0	-0.78	0.19	-0.99	-0.98		-1.0	-0.82	-0.99	-0.81
Other Current Assets	0.84	0.98	0.73	0.73	0.74	0.64	0.65	0.96	0.24	-0.92	0.92	0.69	0.96	0.98	0.04	0.69	1.0	0.77	-0.19	0.99	0.98	-1.0		0.8	0.99	0.79
Other Stockholder Equity	0.98	0.69	0.75	0.74	0.97	0.88	0.93	0.89	-0.31	-0.95	0.92	0.96	0.88	0.87	0.54	0.96	0.8	0.98	-0.13	0.75	0.71	-0.82	0.8		0.76	0.99
Total Liab	0.82	0.99	0.75	0.75	0.71	0.64	0.64	0.96	0.31	-0.88	0.88	0.63	0.96	0.95	-0.04	0.63	0.99	0.74	-0.11	1.0	0.99	-0.99	0.99	0.76		0.76
Net Invested Capital	0.99	0.68	0.81	0.8	0.99	0.94	0.97	0.9	-0.33	-0.94	0.91	0.96	0.9	0.84	0.54	0.96	0.79	1.0	0.02	0.75	0.69	-0.81	0.79	0.99	0.76

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Artemis Roic vs Capex To Depreciation Analysis

Roic vs Capex To Depreciation

Roic vs Capex To Depreciation Correlation Analysis

Correlation Coefficient

Roic

Capex To Depreciation

Artemis Gold fundamental ratios Correlations

Artemis Gold Account Relationship Matchups

High Positive Relationship

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COMMON DESTINATIONS

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COMPANY

Capital Lease Obligations	+ 1.0	Short Long Term Debt Total
Total Current Liabilities	+ 1.0	Other Current Liab
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Other Current Assets	+ 1.0	Net Receivables
Net Invested Capital	+ 1.0	Common Stock Shares Outstanding

Other Current Assets	- 1.0	Inventory
Inventory	- 1.0	Net Receivables
Total Liab	- 0.99	Inventory
Inventory	- 0.99	Non Current Liabilities Total
Accounts Payable	- 0.99	Retained Earnings
Inventory	- 0.98	Capital Lease Obligations