Cerrado Net Income vs Change In Working Capital Analysis

CERT Stock

CAD 0.34 0.02 5.56%

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

Net Income vs Change In Working Capital

Net Income vs Change In Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cerrado Gold Corp Net Income account and Change In Working Capital. At this time, the significance of the direction appears to have pay attention.

The correlation between Cerrado Gold's Net Income and Change In Working Capital is -0.86. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of Cerrado Gold Corp, assuming nothing else is changed. The correlation between historical values of Cerrado Gold's Net Income and Change In Working Capital 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 Cerrado Gold Corp are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Net Income i.e., Cerrado Gold's Net Income and Change In Working Capital go up and down completely randomly.

Correlation Coefficient

-0.86

Relationship Direction	Negative
Relationship Strength	Significant

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Net Income

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

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

Most indicators from Cerrado Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cerrado 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 Cerrado 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 estimate.

Tax Provision is likely to drop to about 6.2 M in 2024. Selling General Administrative is likely to drop to about 11.2 M in 2024

	2022	2023	2024 (projected)
Tax Provision	5.1M	10.2M	6.2M
Income Tax Expense	5.1M	5.9M	6.1M

Tax Provision Income Tax Expense

Cerrado Gold fundamental ratios Correlations

	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Other Current Assets	Other Stockholder Equity	Total Current Assets	Common Stock	Other Current Liab	Other Liab	Net Receivables	Property Plant Equipment	Inventory	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Lease Obligations	Total Liab
Total Current Liabilities		0.74	-0.95	0.63	0.94	0.58	0.29	0.98	0.94	0.04	0.79	0.16	0.97	0.91	0.92	0.76	0.89	0.91	-0.13	0.9	-0.08	0.91	0.23	0.91	-0.94	0.92
Net Tangible Assets	0.74		-0.82	0.75	0.82	0.78	-0.04	0.78	0.9	0.44	0.75	0.09	0.78	0.84	0.64	0.45	0.61	0.65	0.15	0.62	0.14	0.55	0.37	0.67	-0.61	0.65
Retained Earnings	-0.95	-0.82		-0.78	-0.94	-0.69	-0.39	-0.98	-0.98	-0.23	-0.93	-0.36	-0.99	-0.94	-0.82	-0.6	-0.78	-0.83	-0.06	-0.8	-0.1	-0.76	-0.37	-0.86	0.82	-0.83
Accounts Payable	0.63	0.75	-0.78		0.71	0.71	0.14	0.77	0.79	0.51	0.79	0.2	0.77	0.86	0.48	0.07	0.38	0.53	0.63	0.43	0.65	0.29	0.81	0.67	-0.44	0.5
Other Assets	0.94	0.82	-0.94	0.71		0.49	0.35	0.94	0.94	-0.01	0.81	0.22	0.95	0.87	0.87	0.63	0.82	0.88	0.07	0.84	0.12	0.81	0.41	0.92	-0.87	0.88
Other Current Assets	0.58	0.78	-0.69	0.71	0.49		-0.2	0.66	0.75	0.82	0.67	0.08	0.64	0.8	0.36	0.26	0.35	0.37	0.08	0.35	0.08	0.31	0.21	0.38	-0.35	0.37
Other Stockholder Equity	0.29	-0.04	-0.39	0.14	0.35	-0.2		0.31	0.22	-0.36	0.52	0.84	0.36	0.09	0.3	0.22	0.29	0.31	0.03	0.29	0.04	0.28	0.14	0.32	-0.31	0.31
Total Current Assets	0.98	0.78	-0.98	0.77	0.94	0.66	0.31		0.97	0.17	0.87	0.22	1.0	0.96	0.86	0.63	0.82	0.87	0.06	0.84	0.11	0.81	0.39	0.91	-0.87	0.87
Common Stock	0.94	0.9	-0.98	0.79	0.94	0.75	0.22	0.97		0.31	0.87	0.23	0.97	0.96	0.79	0.57	0.74	0.79	0.06	0.76	0.1	0.73	0.36	0.83	-0.79	0.79
Other Current Liab	0.04	0.44	-0.23	0.51	-0.01	0.82	-0.36	0.17	0.31		0.31	0.1	0.16	0.37	-0.22	-0.29	-0.24	-0.2	0.26	-0.23	0.25	-0.28	0.17	-0.15	0.24	-0.22
Other Liab	0.79	0.75	-0.93	0.79	0.81	0.67	0.52	0.87	0.87	0.31		0.57	0.89	0.82	0.71	0.49	0.67	0.73	0.19	0.69	0.18	0.6	0.44	0.75	-0.67	0.72
Net Receivables	0.16	0.09	-0.36	0.2	0.22	0.08	0.84	0.22	0.23	0.1	0.57		0.27	0.07	0.04	0.01	0.03	0.04	0.04	0.04	0.04	0.02	0.06	0.05	-0.03	0.04
Property Plant Equipment	0.97	0.78	-0.99	0.77	0.95	0.64	0.36	1.0	0.97	0.16	0.89	0.27		0.95	0.86	0.62	0.81	0.86	0.06	0.83	0.11	0.8	0.4	0.91	-0.86	0.87
Inventory	0.91	0.84	-0.94	0.86	0.87	0.8	0.09	0.96	0.96	0.37	0.82	0.07	0.95		0.77	0.5	0.71	0.78	0.17	0.74	0.21	0.69	0.47	0.84	-0.76	0.78
Total Assets	0.92	0.64	-0.82	0.48	0.87	0.36	0.3	0.86	0.79	-0.22	0.71	0.04	0.86	0.77		0.88	0.99	1.0	-0.14	1.0	-0.14	0.96	0.22	0.95	-0.99	1.0
Total Stockholder Equity	0.76	0.45	-0.6	0.07	0.63	0.26	0.22	0.63	0.57	-0.29	0.49	0.01	0.62	0.5	0.88		0.93	0.84	-0.58	0.9	-0.6	0.94	-0.27	0.69	-0.89	0.86
Property Plant And Equipment Net	0.89	0.61	-0.78	0.38	0.82	0.35	0.29	0.82	0.74	-0.24	0.67	0.03	0.81	0.71	0.99	0.93		0.98	-0.25	1.0	-0.26	0.97	0.1	0.9	-0.98	0.99
Net Debt	0.91	0.65	-0.83	0.53	0.88	0.37	0.31	0.87	0.79	-0.2	0.73	0.04	0.86	0.78	1.0	0.84	0.98		-0.07	0.99	-0.07	0.94	0.29	0.97	-0.98	1.0
Cash	-0.13	0.15	-0.06	0.63	0.07	0.08	0.03	0.06	0.06	0.26	0.19	0.04	0.06	0.17	-0.14	-0.58	-0.25	-0.07		-0.2	0.99	-0.39	0.93	0.14	0.22	-0.11
Non Current Assets Total	0.9	0.62	-0.8	0.43	0.84	0.35	0.29	0.84	0.76	-0.23	0.69	0.04	0.83	0.74	1.0	0.9	1.0	0.99	-0.2		-0.2	0.97	0.16	0.93	-0.99	0.99
Non Currrent Assets Other	-0.08	0.14	-0.1	0.65	0.12	0.08	0.04	0.11	0.1	0.25	0.18	0.04	0.11	0.21	-0.14	-0.6	-0.26	-0.07	0.99	-0.2		-0.37	0.93	0.16	0.2	-0.11
Common Stock Shares Outstanding	0.91	0.55	-0.76	0.29	0.81	0.31	0.28	0.81	0.73	-0.28	0.6	0.02	0.8	0.69	0.96	0.94	0.97	0.94	-0.39	0.97	-0.37		-0.04	0.86	-0.98	0.95
Short Term Investments	0.23	0.37	-0.37	0.81	0.41	0.21	0.14	0.39	0.36	0.17	0.44	0.06	0.4	0.47	0.22	-0.27	0.1	0.29	0.93	0.16	0.93	-0.04		0.49	-0.15	0.25
Non Current Liabilities Total	0.91	0.67	-0.86	0.67	0.92	0.38	0.32	0.91	0.83	-0.15	0.75	0.05	0.91	0.84	0.95	0.69	0.9	0.97	0.14	0.93	0.16	0.86	0.49		-0.94	0.96
Capital Lease Obligations	-0.94	-0.61	0.82	-0.44	-0.87	-0.35	-0.31	-0.87	-0.79	0.24	-0.67	-0.03	-0.86	-0.76	-0.99	-0.89	-0.98	-0.98	0.22	-0.99	0.2	-0.98	-0.15	-0.94		-0.99
Total Liab	0.92	0.65	-0.83	0.5	0.88	0.37	0.31	0.87	0.79	-0.22	0.72	0.04	0.87	0.78	1.0	0.86	0.99	1.0	-0.11	0.99	-0.11	0.95	0.25	0.96	-0.99

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Cerrado Gold Account Relationship Matchups

Cerrado Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Current Liabilities	4.5M	23.4M	59.6M	78.3M	146.8M	154.1M
Net Tangible Assets	9.1M	4.2M	15.1M	13.4M	15.4M	9.8M
Retained Earnings	(4.8M)	(17.4M)	(23.7M)	(29.3M)	(35.8M)	(34.0M)
Accounts Payable	1.4M	7.0M	26.4M	47.6M	15.2M	15.5M
Other Stockholder Equity	(28.6K)	4.2M	(1.6M)	1.0M	1.2M	1.2M
Total Current Assets	89.6K	21.4M	46.0M	66.7M	79.4M	83.3M
Common Stock	13.9M	17.3M	40.4M	41.6M	47.9M	50.3M
Other Current Liab	1.5M	2.1M	12.8M	4.1M	50K	47.5K
Other Liab	160.0K	39.8M	33.8M	44.9M	51.7M	26.2M
Net Receivables	41.9K	8.6M	1.2M	1.4M	1.0M	988K
Property Plant Equipment	13.7M	41.1M	58.4M	83.0M	95.5M	100.2M

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