Aztec Change To Operating Activities vs Net Income Analysis

AZT Stock

CAD 0.21 0.01 5.00%

Aztec Minerals financial indicator trend analysis is way more than just evaluating Aztec Minerals Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aztec Minerals Corp is a good investment. Please check the relationship between Aztec Minerals Change To Operating Activities and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aztec Minerals 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 board of governors.

Change To Operating Activities vs Net Income

Change To Operating Activities vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aztec Minerals Corp Change To Operating Activities account and Net Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between Aztec Minerals' Change To Operating Activities and Net Income is 0.63. Overlapping area represents the amount of variation of Change To Operating Activities that can explain the historical movement of Net Income in the same time period over historical financial statements of Aztec Minerals Corp, assuming nothing else is changed. The correlation between historical values of Aztec Minerals' Change To Operating Activities and Net 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 Change To Operating Activities of Aztec Minerals Corp are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Change To Operating Activities i.e., Aztec Minerals' Change To Operating Activities and Net Income go up and down completely randomly.

Correlation Coefficient

0.63

Relationship Direction	Positive
Relationship Strength	Significant

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Change To Operating Activities

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Aztec Minerals Corp financial statement analysis. It represents the amount of money remaining after all of Aztec Minerals Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Aztec Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aztec Minerals 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 Aztec Minerals 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 board of governors.

Selling General Administrative is likely to climb to about 1.1 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 2.1 M in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	1.4M	1.7M	1.9M	1.4M
Cost Of Revenue	1.7K	1.5K	848.0	805.6

Total Operating Expenses Cost Of Revenue

Aztec Minerals fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Net Receivables	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Common Stock Shares Outstanding	Other Stockholder Equity	Net Invested Capital	Net Working Capital	Capital Stock	Property Plant And Equipment Net	Property Plant And Equipment Gross	Other Assets
Total Assets		0.92	0.84	0.99	0.97	-0.95	0.95	0.35	0.9	0.7	0.84	0.54	0.97	0.92	0.97	0.97	0.93	-0.55	0.96	0.93	0.93	-0.44
Other Current Liab	0.92		0.67	0.9	0.98	-0.89	0.82	0.45	0.79	0.71	0.67	0.62	0.98	0.89	0.84	0.91	0.72	-0.62	0.8	0.75	0.75	-0.32
Total Current Liabilities	0.84	0.67		0.84	0.73	-0.92	0.76	0.1	0.98	0.49	1.0	0.32	0.73	0.89	0.88	0.79	0.87	-0.6	0.9	0.93	0.93	-0.84
Total Stockholder Equity	0.99	0.9	0.84		0.94	-0.94	0.92	0.31	0.9	0.64	0.84	0.49	0.95	0.9	0.97	0.94	0.94	-0.57	0.97	0.95	0.95	-0.45
Net Tangible Assets	0.97	0.98	0.73	0.94		-0.91	0.9	0.48	0.82	0.75	0.73	0.65	0.99	0.9	0.9	0.95	0.81	-0.54	0.87	0.82	0.82	-0.34
Retained Earnings	-0.95	-0.89	-0.92	-0.94	-0.91		-0.86	-0.27	-0.98	-0.68	-0.92	-0.5	-0.92	-0.99	-0.93	-0.92	-0.86	0.67	-0.93	-0.91	-0.91	0.66
Accounts Payable	0.95	0.82	0.76	0.92	0.9	-0.86		0.27	0.8	0.7	0.76	0.47	0.92	0.84	0.96	0.97	0.92	-0.36	0.94	0.9	0.91	-0.31
Cash	0.35	0.45	0.1	0.31	0.48	-0.27	0.27		0.15	0.38	0.1	0.96	0.41	0.25	0.22	0.28	0.16	0.24	0.19	0.11	0.11	0.08
Non Current Assets Total	0.9	0.79	0.98	0.9	0.82	-0.98	0.8	0.15		0.6	0.98	0.38	0.83	0.96	0.91	0.85	0.86	-0.7	0.92	0.92	0.92	-0.77
Net Receivables	0.7	0.71	0.49	0.64	0.75	-0.68	0.7	0.38	0.6		0.49	0.59	0.75	0.74	0.61	0.72	0.51	-0.36	0.59	0.53	0.53	-0.16
Total Liab	0.84	0.67	1.0	0.84	0.73	-0.92	0.76	0.1	0.98	0.49		0.32	0.73	0.89	0.88	0.79	0.87	-0.6	0.9	0.93	0.93	-0.84
Total Current Assets	0.54	0.62	0.32	0.49	0.65	-0.5	0.47	0.96	0.38	0.59	0.32		0.6	0.5	0.42	0.49	0.34	0.05	0.39	0.31	0.31	-0.11
Common Stock	0.97	0.98	0.73	0.95	0.99	-0.92	0.92	0.41	0.83	0.75	0.73	0.6		0.92	0.92	0.97	0.82	-0.55	0.89	0.83	0.83	-0.33
Property Plant Equipment	0.92	0.89	0.89	0.9	0.9	-0.99	0.84	0.25	0.96	0.74	0.89	0.5	0.92		0.9	0.91	0.8	-0.69	0.89	0.86	0.86	-0.64
Common Stock Shares Outstanding	0.97	0.84	0.88	0.97	0.9	-0.93	0.96	0.22	0.91	0.61	0.88	0.42	0.92	0.9		0.96	0.97	-0.5	1.0	0.97	0.97	-0.49
Other Stockholder Equity	0.97	0.91	0.79	0.94	0.95	-0.92	0.97	0.28	0.85	0.72	0.79	0.49	0.97	0.91	0.96		0.89	-0.5	0.94	0.89	0.89	-0.38
Net Invested Capital	0.93	0.72	0.87	0.94	0.81	-0.86	0.92	0.16	0.86	0.51	0.87	0.34	0.82	0.8	0.97	0.89		-0.42	0.99	0.98	0.98	-0.48
Net Working Capital	-0.55	-0.62	-0.6	-0.57	-0.54	0.67	-0.36	0.24	-0.7	-0.36	-0.6	0.05	-0.55	-0.69	-0.5	-0.5	-0.42		-0.51	-0.54	-0.54	0.59
Capital Stock	0.96	0.8	0.9	0.97	0.87	-0.93	0.94	0.19	0.92	0.59	0.9	0.39	0.89	0.89	1.0	0.94	0.99	-0.51		0.99	0.99	-0.52
Property Plant And Equipment Net	0.93	0.75	0.93	0.95	0.82	-0.91	0.9	0.11	0.92	0.53	0.93	0.31	0.83	0.86	0.97	0.89	0.98	-0.54	0.99		1.0	-0.6
Property Plant And Equipment Gross	0.93	0.75	0.93	0.95	0.82	-0.91	0.91	0.11	0.92	0.53	0.93	0.31	0.83	0.86	0.97	0.89	0.98	-0.54	0.99	1.0		-0.6
Other Assets	-0.44	-0.32	-0.84	-0.45	-0.34	0.66	-0.31	0.08	-0.77	-0.16	-0.84	-0.11	-0.33	-0.64	-0.49	-0.38	-0.48	0.59	-0.52	-0.6	-0.6

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Aztec Minerals Account Relationship Matchups

Aztec Minerals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.0M	6.1M	8.2M	11.0M	12.5M	6.7M
Other Current Liab	2.2K	2.5K	2.2K	3.3K	3.8K	2.4K
Total Current Liabilities	97.5K	147.4K	219.1K	324.4K	455.5K	478.3K
Total Stockholder Equity	2.9M	5.0M	6.3M	10.7M	12.0M	6.1M
Net Tangible Assets	2.9M	2.9M	5.0M	6.3M	7.2M	4.0M
Retained Earnings	(3.1M)	(5.7M)	(7.0M)	(9.0M)	(10.5M)	(10.0M)
Accounts Payable	78.4K	95.3K	144.1K	219.1K	252.0K	131.4K
Cash	49.8K	1.9M	1.6M	1.5M	485.6K	934.5K
Non Current Assets Total	2.9M	4.0M	5.9M	9.1M	11.6M	12.2M
Net Receivables	115.2K	38.1K	455.9K	304.5K	106.2K	169.5K
Total Liab	97.5K	147.4K	219.1K	324.4K	455.5K	478.3K
Total Current Assets	165.0K	2.1M	2.4M	1.9M	830.9K	1.6M
Common Stock	4.8M	5.2M	9.4M	11.7M	13.5M	6.8M
Property Plant Equipment	2.2M	2.9M	4.0M	5.7M	6.6M	6.9M
Common Stock Shares Outstanding	32.7M	55.8M	65.0M	90.1M	101.6M	63.1M
Other Stockholder Equity	893.7K	798.7K	1.3M	1.6M	1.8M	1.1M
Net Invested Capital	2.9M	5.0M	6.3M	10.7M	12.0M	6.8M
Net Working Capital	67.5K	2.0M	2.1M	1.6M	375.5K	356.7K
Capital Stock	5.2M	9.4M	11.7M	18.4M	20.9M	12.9M

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