Aurum Net Income vs Operating Income Analysis
| AUE Stock | 0.39 0.02 4.88% |
Aurum Resources financial indicator trend analysis is way more than just evaluating Aurum Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aurum Resources is a good investment. Please check the relationship between Aurum Resources Net Income and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurum 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.
Net Income vs Operating Income
Net Income vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aurum Resources Net Income account and Operating Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Aurum Resources' Net Income and Operating Income is 0.53. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Operating Income in the same time period over historical financial statements of Aurum Resources, assuming nothing else is changed. The correlation between historical values of Aurum Resources' Net Income and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Aurum Resources are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Net Income i.e., Aurum Resources' Net Income and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.53 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Aurum Resources financial statement analysis. It represents the amount of money remaining after all of Aurum Resources operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Operating Income
Operating Income is the amount of profit realized from Aurum Resources operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Aurum Resources is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most indicators from Aurum Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aurum 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurum 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 gain to about 899.3 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 4 M in 2024.
| 2010 | 2022 | 2023 | 2024 (projected) | Interest Income | 249.0 | 13.8K | 15.9K | 16.7K | Net Interest Income | 249.0 | 13.8K | 15.9K | 16.7K |
Aurum Resources fundamental ratios Correlations
Click cells to compare fundamentals
Aurum Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Aurum Stock Analysis
When running Aurum Resources' price analysis, check to measure Aurum Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Aurum Resources is operating at the current time. Most of Aurum Resources' value examination focuses on studying past and present price action to predict the probability of Aurum Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aurum Resources' price. Additionally, you may evaluate how the addition of Aurum Resources to your portfolios can decrease your overall portfolio volatility.