E79 Gross Profit vs Reconciled Depreciation Analysis

E79 Stock

0.02 0 4.55%

E79 Gold financial indicator trend analysis is much more than just examining E79 Gold Mines latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether E79 Gold Mines is a good investment. Please check the relationship between E79 Gold Gross Profit and its Reconciled Depreciation accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in E79 Gold Mines. 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 Reconciled Depreciation

Gross Profit vs Reconciled Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of E79 Gold Mines Gross Profit account and Reconciled Depreciation. At this time, the significance of the direction appears to have pay attention.

The correlation between E79 Gold's Gross Profit and Reconciled Depreciation is -0.89. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of E79 Gold Mines, assuming nothing else is changed. The correlation between historical values of E79 Gold's Gross Profit and Reconciled Depreciation 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 E79 Gold Mines are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Gross Profit i.e., E79 Gold's Gross Profit and Reconciled Depreciation go up and down completely randomly.

Correlation Coefficient

-0.89

Relationship Direction	Negative
Relationship Strength	Significant

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Gross Profit

Gross profit is a required income statement account that reflects total revenue of E79 Gold Mines minus its cost of goods sold. It is profit before E79 Gold 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.

Reconciled Depreciation

Most indicators from E79 Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into E79 Gold Mines 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 E79 Gold Mines. 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 gain to about 1.1 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 1.2 M in 2024.

	2010	2022	2023	2024 (projected)
Reconciled Depreciation	31.3K	68.4K	78.7K	54.8K
Cost Of Revenue	31.3K	68.4K	140.2K	88.0K

Reconciled Depreciation Cost Of Revenue

E79 Gold 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	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Net Receivables	Property Plant Equipment	Cash And Equivalents	Net Tangible Assets	Other Current Liab	Other Assets	Inventory	Net Invested Capital	Property Plant And Equipment Gross
Total Assets		0.83	1.0	-0.01	-0.82	-0.2	0.86	0.86	0.2	0.05	0.86	0.41	0.74	0.66	0.83	0.88	0.66	0.74	0.11	0.75	0.73	0.38	-0.06	0.1	-0.29	0.26
Total Current Liabilities	0.83		0.8	-0.23	-0.59	-0.35	0.99	0.61	0.24	0.3	0.61	0.44	0.55	0.44	1.0	0.65	0.7	0.86	0.21	0.56	0.64	0.7	-0.02	0.03	-0.46	0.38
Total Stockholder Equity	1.0	0.8		0.01	-0.83	-0.19	0.83	0.87	0.19	0.03	0.87	0.4	0.74	0.67	0.8	0.89	0.64	0.72	0.1	0.76	0.72	0.34	-0.07	0.11	-0.27	0.25
Property Plant And Equipment Net	-0.01	-0.23	0.01		0.19	-0.28	-0.25	-0.09	0.75	0.22	-0.09	0.39	0.1	-0.37	-0.23	-0.1	0.16	-0.02	0.61	0.22	0.21	0.0	-0.42	0.41	-0.21	0.25
Net Debt	-0.82	-0.59	-0.83	0.19		-0.32	-0.67	-0.95	-0.02	0.44	-0.95	0.07	-0.4	-0.69	-0.59	-0.94	-0.22	-0.44	0.26	-0.47	-0.36	0.13	-0.41	0.43	-0.3	0.33
Retained Earnings	-0.2	-0.35	-0.19	-0.28	-0.32		-0.24	0.17	-0.33	-0.97	0.17	-0.86	-0.58	0.26	-0.35	0.13	-0.8	-0.64	-0.76	-0.61	-0.73	-0.83	0.73	-0.77	0.92	-0.89
Accounts Payable	0.86	0.99	0.83	-0.25	-0.67	-0.24		0.7	0.19	0.19	0.7	0.37	0.53	0.51	0.99	0.73	0.62	0.82	0.14	0.53	0.58	0.61	0.03	-0.06	-0.36	0.27
Cash	0.86	0.61	0.87	-0.09	-0.95	0.17	0.7		-0.01	-0.29	1.0	0.1	0.55	0.69	0.61	1.0	0.26	0.49	-0.14	0.53	0.41	0.0	0.13	-0.3	0.13	-0.21
Non Current Assets Total	0.2	0.24	0.19	0.75	-0.02	-0.33	0.19	-0.01		0.33	-0.01	0.4	0.04	-0.39	0.24	0.01	0.44	0.39	0.69	0.33	0.4	0.29	-0.04	0.19	-0.26	0.28
Non Currrent Assets Other	0.05	0.3	0.03	0.22	0.44	-0.97	0.19	-0.29	0.33		-0.29	0.79	0.42	-0.41	0.3	-0.25	0.71	0.59	0.76	0.47	0.61	0.83	-0.67	0.67	-0.87	0.82
Cash And Short Term Investments	0.86	0.61	0.87	-0.09	-0.95	0.17	0.7	1.0	-0.01	-0.29		0.1	0.55	0.69	0.61	1.0	0.26	0.49	-0.14	0.53	0.41	0.0	0.13	-0.3	0.13	-0.21
Common Stock Shares Outstanding	0.41	0.44	0.4	0.39	0.07	-0.86	0.37	0.1	0.4	0.79	0.1		0.75	-0.09	0.44	0.13	0.79	0.68	0.75	0.69	0.77	0.71	-0.67	0.66	-0.79	0.76
Other Current Assets	0.74	0.55	0.74	0.1	-0.4	-0.58	0.53	0.55	0.04	0.42	0.55	0.75		0.52	0.55	0.58	0.73	0.67	0.34	0.83	0.81	0.47	-0.51	0.5	-0.56	0.54
Other Stockholder Equity	0.66	0.44	0.67	-0.37	-0.69	0.26	0.51	0.69	-0.39	-0.41	0.69	-0.09	0.52		0.44	0.69	0.1	0.15	-0.45	0.25	0.18	-0.05	0.1	-0.07	0.07	-0.06
Total Liab	0.83	1.0	0.8	-0.23	-0.59	-0.35	0.99	0.61	0.24	0.3	0.61	0.44	0.55	0.44		0.65	0.7	0.86	0.21	0.56	0.64	0.7	-0.02	0.03	-0.46	0.38
Total Current Assets	0.88	0.65	0.89	-0.1	-0.94	0.13	0.73	1.0	0.01	-0.25	1.0	0.13	0.58	0.69	0.65		0.31	0.53	-0.12	0.56	0.45	0.04	0.12	-0.28	0.09	-0.17
Common Stock	0.66	0.7	0.64	0.16	-0.22	-0.8	0.62	0.26	0.44	0.71	0.26	0.79	0.73	0.1	0.7	0.31		0.9	0.61	0.88	0.97	0.76	-0.36	0.57	-0.74	0.76
Net Receivables	0.74	0.86	0.72	-0.02	-0.44	-0.64	0.82	0.49	0.39	0.59	0.49	0.68	0.67	0.15	0.86	0.53	0.9		0.52	0.82	0.88	0.73	-0.16	0.2	-0.56	0.5
Property Plant Equipment	0.11	0.21	0.1	0.61	0.26	-0.76	0.14	-0.14	0.69	0.76	-0.14	0.75	0.34	-0.45	0.21	-0.12	0.61	0.52		0.47	0.56	0.57	-0.51	0.5	-0.62	0.59
Cash And Equivalents	0.75	0.56	0.76	0.22	-0.47	-0.61	0.53	0.53	0.33	0.47	0.53	0.69	0.83	0.25	0.56	0.56	0.88	0.82	0.47		0.97	0.44	-0.29	0.41	-0.47	0.49
Net Tangible Assets	0.73	0.64	0.72	0.21	-0.36	-0.73	0.58	0.41	0.4	0.61	0.41	0.77	0.81	0.18	0.64	0.45	0.97	0.88	0.56	0.97		0.61	-0.34	0.51	-0.62	0.64
Other Current Liab	0.38	0.7	0.34	0.0	0.13	-0.83	0.61	0.0	0.29	0.83	0.0	0.71	0.47	-0.05	0.7	0.04	0.76	0.73	0.57	0.44	0.61		-0.54	0.54	-0.91	0.83
Other Assets	-0.06	-0.02	-0.07	-0.42	-0.41	0.73	0.03	0.13	-0.04	-0.67	0.13	-0.67	-0.51	0.1	-0.02	0.12	-0.36	-0.16	-0.51	-0.29	-0.34	-0.54		-0.8	0.79	-0.72
Inventory	0.1	0.03	0.11	0.41	0.43	-0.77	-0.06	-0.3	0.19	0.67	-0.3	0.66	0.5	-0.07	0.03	-0.28	0.57	0.2	0.5	0.41	0.51	0.54	-0.8		-0.82	0.91
Net Invested Capital	-0.29	-0.46	-0.27	-0.21	-0.3	0.92	-0.36	0.13	-0.26	-0.87	0.13	-0.79	-0.56	0.07	-0.46	0.09	-0.74	-0.56	-0.62	-0.47	-0.62	-0.91	0.79	-0.82		-0.97
Property Plant And Equipment Gross	0.26	0.38	0.25	0.25	0.33	-0.89	0.27	-0.21	0.28	0.82	-0.21	0.76	0.54	-0.06	0.38	-0.17	0.76	0.5	0.59	0.49	0.64	0.83	-0.72	0.91	-0.97

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E79 Gold Account Relationship Matchups

E79 Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.7M	2.7M	10.5M	8.4M	5.9M	5.1M
Total Current Liabilities	20.6K	49.0K	377.8K	783.7K	200.2K	179.6K
Total Stockholder Equity	2.7M	2.7M	10.1M	7.6M	5.7M	4.9M
Net Debt	(2.7M)	(2.7M)	(6.9M)	(4.5M)	(2.1M)	(2.2M)
Retained Earnings	(7.5M)	(7.4M)	(9.8M)	(13.8M)	(16.6M)	(15.7M)
Accounts Payable	20.6K	49.0K	356.0K	650.7K	115.2K	157.6K
Cash	2.7M	2.7M	6.9M	4.5M	2.1M	3.8M
Cash And Short Term Investments	2.7M	2.7M	6.9M	4.5M	2.1M	3.8M
Liabilities And Stockholders Equity	2.7M	2.7M	10.5M	8.4M	5.9M	5.1M
Other Current Assets	9.7K	41.3K	135.5K	70.3K	99.8K	104.8K
Total Liab	20.6K	49.0K	377.8K	783.7K	200.2K	179.6K
Total Current Assets	2.7M	2.7M	7.0M	4.7M	2.3M	3.9M
Net Receivables	9.7K	9.3K	135.5K	175.9K	66.7K	50.3K
Cash And Equivalents	2.7M	2.7M	6.9M	4.5M	5.2M	4.0M
Net Tangible Assets	2.7M	2.7M	10.1M	7.6M	8.8M	5.3M

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