Decade Net Income Per Share vs Inventory Turnover 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 Per Share and its Inventory Turnover 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 Per Share vs Inventory Turnover
Net Income Per Share vs Inventory Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Decade Resources Net Income Per Share account and Inventory Turnover. At this time, the significance of the direction appears to have no relationship.
The correlation between Decade Resources' Net Income Per Share and Inventory Turnover is 0.03. Overlapping area represents the amount of variation of Net Income Per Share that can explain the historical movement of Inventory Turnover 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 Per Share and Inventory Turnover 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 Per Share of Decade Resources are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Net Income Per Share i.e., Decade Resources' Net Income Per Share and Inventory Turnover go up and down completely randomly.
Correlation Coefficient | 0.03 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Net Income Per Share
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.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
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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 |
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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.