Decade Gross Profit vs Operating Income Analysis

DEC Stock

CAD 0.04 0.01 33.33%

Decade Resources financial indicator trend analysis is much more than just examining Decade Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Decade Resources is a good investment. Please check the relationship between Decade Resources Gross Profit and its Operating Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Decade 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.

Gross Profit vs Operating Income

Gross Profit vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Decade Resources Gross Profit account and Operating Income. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Decade Resources' Gross Profit and Operating Income is -0.22. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Operating Income in the same time period over historical financial statements of Decade Resources, assuming nothing else is changed. The correlation between historical values of Decade Resources' Gross Profit 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 Gross Profit of Decade 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 Gross Profit i.e., Decade Resources' Gross Profit and Operating Income go up and down completely randomly.

Correlation Coefficient

-0.22

Relationship Direction	Negative
Relationship Strength	Insignificant

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Gross Profit

Gross profit is a required income statement account that reflects total revenue of Decade Resources minus its cost of goods sold. It is profit before Decade Resources 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.

Operating Income

Operating Income is the amount of profit realized from Decade 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 Decade 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 Decade Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Decade 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Decade 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.

At this time, Decade Resources' Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to climb to about 611.1 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 2.3 M in 2024.

Decade Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Non Currrent Assets Other	Net Receivables	Inventory	Other Current Assets	Common Stock	Other Liab	Net Tangible Assets	Other Assets	Property Plant Equipment	Net Invested Capital
Total Assets		0.36	0.98	0.99	0.07	-0.74	0.5	0.15	1.0	-0.03	0.54	0.32	0.09	0.43	0.25	0.18	0.46	0.15	-0.49	0.08	0.68	-0.47	0.65	0.47	0.6	0.62
Total Current Liabilities	0.36		0.26	0.37	0.54	-0.21	0.58	-0.31	0.36	-0.63	0.0	0.14	-0.27	0.62	-0.02	0.58	-0.17	0.31	-0.07	0.53	0.02	-0.17	-0.15	-0.15	-0.2	-0.12
Total Stockholder Equity	0.98	0.26		0.97	0.0	-0.82	0.52	0.2	0.98	0.06	0.63	0.17	0.06	0.26	0.26	0.08	0.54	0.11	-0.6	0.05	0.79	-0.58	0.75	0.56	0.67	0.72
Property Plant And Equipment Net	0.99	0.37	0.97		0.15	-0.72	0.46	0.07	1.0	-0.09	0.5	0.33	0.04	0.45	0.15	0.22	0.42	0.09	-0.45	0.04	0.64	-0.45	0.61	0.43	0.55	0.58
Net Debt	0.07	0.54	0.0	0.15		0.11	0.1	-0.79	0.13	-0.9	-0.32	0.14	-0.67	0.36	-0.66	0.42	-0.47	-0.08	0.24	0.16	-0.2	0.14	-0.31	-0.47	-0.31	-0.32
Retained Earnings	-0.74	-0.21	-0.82	-0.72	0.11		-0.6	-0.41	-0.73	-0.18	-0.9	0.31	0.15	0.12	-0.36	0.07	-0.73	-0.01	0.84	-0.04	-0.92	0.87	-0.79	-0.82	-0.63	-0.86
Accounts Payable	0.5	0.58	0.52	0.46	0.1	-0.6		0.05	0.46	-0.12	0.42	-0.25	-0.11	0.09	0.49	-0.13	0.15	0.67	-0.63	0.77	0.55	-0.64	0.39	0.26	0.22	0.41
Cash	0.15	-0.31	0.2	0.07	-0.79	-0.41	0.05		0.08	0.68	0.71	-0.09	0.35	-0.19	0.77	-0.23	0.75	-0.07	-0.36	-0.17	0.41	-0.31	0.53	0.76	0.56	0.6
Non Current Assets Total	1.0	0.36	0.98	1.0	0.13	-0.73	0.46	0.08		-0.08	0.51	0.32	0.04	0.44	0.16	0.22	0.44	0.08	-0.46	0.03	0.66	-0.46	0.62	0.44	0.57	0.59
Cash And Short Term Investments	-0.03	-0.63	0.06	-0.09	-0.9	-0.18	-0.12	0.68	-0.08		0.36	-0.22	0.68	-0.47	0.55	-0.4	0.46	0.04	-0.36	-0.2	0.28	-0.19	0.39	0.44	0.4	0.4
Common Stock Shares Outstanding	0.54	0.0	0.63	0.5	-0.32	-0.9	0.42	0.71	0.51	0.36		-0.33	-0.11	-0.22	0.54	-0.09	0.9	-0.11	-0.76	-0.06	0.85	-0.74	0.84	0.96	0.76	0.92
Non Current Liabilities Total	0.32	0.14	0.17	0.33	0.14	0.31	-0.25	-0.09	0.32	-0.22	-0.33		0.37	0.86	0.0	0.28	-0.21	0.09	0.55	-0.09	-0.42	0.61	-0.25	-0.33	-0.08	-0.31
Other Stockholder Equity	0.09	-0.27	0.06	0.04	-0.67	0.15	-0.11	0.35	0.04	0.68	-0.11	0.37		0.16	0.44	-0.14	0.07	0.29	0.1	-0.06	-0.15	0.17	-0.06	-0.06	-0.01	-0.08
Total Liab	0.43	0.62	0.26	0.45	0.36	0.12	0.09	-0.19	0.44	-0.47	-0.22	0.86	0.16		0.02	0.51	-0.22	0.22	0.39	0.19	-0.32	0.39	-0.26	-0.3	-0.15	-0.29
Total Current Assets	0.25	-0.02	0.26	0.15	-0.66	-0.36	0.49	0.77	0.16	0.55	0.54	0.0	0.44	0.02		-0.34	0.44	0.57	-0.37	0.41	0.36	-0.25	0.45	0.5	0.44	0.49
Other Current Liab	0.18	0.58	0.08	0.22	0.42	0.07	-0.13	-0.23	0.22	-0.4	-0.09	0.28	-0.14	0.51	-0.34		0.01	-0.28	0.23	-0.08	-0.14	0.18	-0.12	-0.13	0.02	-0.13
Non Currrent Assets Other	0.46	-0.17	0.54	0.42	-0.47	-0.73	0.15	0.75	0.44	0.46	0.9	-0.21	0.07	-0.22	0.44	0.01		-0.3	-0.63	-0.28	0.71	-0.6	0.75	0.94	0.74	0.81
Net Receivables	0.15	0.31	0.11	0.09	-0.08	-0.01	0.67	-0.07	0.08	0.04	-0.11	0.09	0.29	0.22	0.57	-0.28	-0.3		-0.1	0.85	0.0	0.02	0.0	-0.23	-0.06	-0.03
Inventory	-0.49	-0.07	-0.6	-0.45	0.24	0.84	-0.63	-0.36	-0.46	-0.36	-0.76	0.55	0.1	0.39	-0.37	0.23	-0.63	-0.1		-0.25	-0.86	0.87	-0.74	-0.71	-0.57	-0.76
Other Current Assets	0.08	0.53	0.05	0.04	0.16	-0.04	0.77	-0.17	0.03	-0.2	-0.06	-0.09	-0.06	0.19	0.41	-0.08	-0.28	0.85	-0.25		0.03	-0.1	-0.02	-0.2	-0.08	-0.04
Common Stock	0.68	0.02	0.79	0.64	-0.2	-0.92	0.55	0.41	0.66	0.28	0.85	-0.42	-0.15	-0.32	0.36	-0.14	0.71	0.0	-0.86	0.03		-0.84	0.93	0.81	0.8	0.94
Other Liab	-0.47	-0.17	-0.58	-0.45	0.14	0.87	-0.64	-0.31	-0.46	-0.19	-0.74	0.61	0.17	0.39	-0.25	0.18	-0.6	0.02	0.87	-0.1	-0.84		-0.62	-0.7	-0.4	-0.7
Net Tangible Assets	0.65	-0.15	0.75	0.61	-0.31	-0.79	0.39	0.53	0.62	0.39	0.84	-0.25	-0.06	-0.26	0.45	-0.12	0.75	0.0	-0.74	-0.02	0.93	-0.62		0.81	0.95	0.97
Other Assets	0.47	-0.15	0.56	0.43	-0.47	-0.82	0.26	0.76	0.44	0.44	0.96	-0.33	-0.06	-0.3	0.5	-0.13	0.94	-0.23	-0.71	-0.2	0.81	-0.7	0.81		0.74	0.89
Property Plant Equipment	0.6	-0.2	0.67	0.55	-0.31	-0.63	0.22	0.56	0.57	0.4	0.76	-0.08	-0.01	-0.15	0.44	0.02	0.74	-0.06	-0.57	-0.08	0.8	-0.4	0.95	0.74		0.91
Net Invested Capital	0.62	-0.12	0.72	0.58	-0.32	-0.86	0.41	0.6	0.59	0.4	0.92	-0.31	-0.08	-0.29	0.49	-0.13	0.81	-0.03	-0.76	-0.04	0.94	-0.7	0.97	0.89	0.91

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Decade Resources Account Relationship Matchups

Decade Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.0M	12.9M	14.2M	14.6M	17.3M	11.0M
Total Current Liabilities	810.7K	406.7K	452.7K	488.8K	652.4K	592.6K
Total Stockholder Equity	9.9M	11.9M	13.1M	13.6M	15.6M	9.4M
Property Plant And Equipment Net	10.7M	12.3M	14.0M	14.0M	16.0M	10.2M
Net Debt	(147.8K)	(275.0K)	2.5K	(245.9K)	(282.8K)	(296.9K)
Retained Earnings	(15.6M)	(17.0M)	(17.5M)	(18.6M)	(20.6M)	(19.6M)
Accounts Payable	591.2K	402.7K	450.2K	488.8K	652.4K	428.2K
Cash	147.8K	275.0K	0.0	245.9K	795.9K	835.7K
Non Current Assets Total	10.8M	12.5M	14.2M	14.2M	16.3M	10.3M
Cash And Short Term Investments	75.6K	147.8K	275.0K	245.9K	221.3K	302.2K
Common Stock Shares Outstanding	33.3M	40.9M	48.9M	58.4M	88.8M	93.2M
Liabilities And Stockholders Equity	11.0M	12.9M	14.2M	14.6M	16.8M	10.5M
Non Current Liabilities Total	325.4K	582.2K	646.4K	467.9K	1.0M	775.7K
Total Liab	1.1M	988.8K	1.1M	956.6K	1.7M	1.5M
Total Current Assets	179.6K	360.1K	58.6K	339.1K	969.6K	1.0M
Non Currrent Assets Other	121.2K	70K	118.2K	268.3K	283.5K	297.7K
Net Receivables	23.9K	77.2K	52.1K	86.7K	55.3K	52.6K
Other Current Assets	500.0	934.3K	7.9K	6.5K	7.5K	7.1K
Common Stock	23.4M	26.5M	28.2M	29.5M	33.9M	23.2M
Other Liab	325.4K	582.2K	646.4K	467.9K	421.1K	702.5K
Net Tangible Assets	9.9M	11.9M	13.1M	13.6M	15.7M	11.7M
Other Assets	121.2K	188.2K	118.2K	268.3K	308.5K	324.0K
Property Plant Equipment	10.7M	12.3M	14.0M	14.0M	16.1M	13.1M
Net Invested Capital	9.9M	11.9M	13.1M	13.6M	15.6M	13.0M
Net Working Capital	(631.1K)	(46.6K)	(394.1K)	(149.6K)	317.2K	333.1K
Capital Stock	23.4M	26.5M	28.2M	29.5M	32.2M	29.9M

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