Decade Net Income vs Total Operating Expenses 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 Net Income and its Total Operating Expenses 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.
Net Income vs Total Operating Expenses
Net Income vs Total Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Decade Resources Net Income account and Total Operating Expenses. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Decade Resources' Net Income and Total Operating Expenses is -0.51. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Total Operating Expenses 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' Net Income and Total Operating Expenses 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 Decade Resources are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Net Income i.e., Decade Resources' Net Income and Total Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.51 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Decade Resources financial statement analysis. It represents the amount of money remaining after all of Decade Resources operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.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
Click cells to compare fundamentals
Decade Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Decade Stock Analysis
When running Decade Resources' price analysis, check to measure Decade 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 Decade Resources is operating at the current time. Most of Decade Resources' value examination focuses on studying past and present price action to predict the probability of Decade Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Decade Resources' price. Additionally, you may evaluate how the addition of Decade Resources to your portfolios can decrease your overall portfolio volatility.