Empress Capex To Depreciation vs Average Payables Analysis
| EMPR Stock | CAD 0.35 0.01 2.94% |
Empress Royalty financial indicator trend analysis is much more than just examining Empress Royalty Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Empress Royalty Corp is a good investment. Please check the relationship between Empress Royalty Capex To Depreciation and its Average Payables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Empress Royalty 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 metropolitan statistical area.
Capex To Depreciation vs Average Payables
Capex To Depreciation vs Average Payables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Empress Royalty Corp Capex To Depreciation account and Average Payables. At this time, the significance of the direction appears to have strong relationship.
The correlation between Empress Royalty's Capex To Depreciation and Average Payables is 0.74. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Average Payables in the same time period over historical financial statements of Empress Royalty Corp, assuming nothing else is changed. The correlation between historical values of Empress Royalty's Capex To Depreciation and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Empress Royalty Corp are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Capex To Depreciation i.e., Empress Royalty's Capex To Depreciation and Average Payables go up and down completely randomly.
Correlation Coefficient | 0.74 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Most indicators from Empress Royalty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Empress Royalty 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Empress Royalty 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 metropolitan statistical area. At this time, Empress Royalty's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 1.00 in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
| 2010 | 2023 | 2024 (projected) | Gross Profit | 785.8K | 2.0M | 1.5M | Total Revenue | 1.8M | 3.5M | 2.9M |
Empress Royalty fundamental ratios Correlations
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Empress Royalty Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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