Evolution Net Income vs Capital Expenditures Analysis

EVN Stock

4.90 0.12 2.39%

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

Net Income vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Evolution Mining Net Income account and Capital Expenditures. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Evolution Mining's Net Income and Capital Expenditures is 0.54. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Evolution Mining, assuming nothing else is changed. The correlation between historical values of Evolution Mining's Net Income and Capital Expenditures 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 Evolution Mining are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Net Income i.e., Evolution Mining's Net Income and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

0.54

Relationship Direction	Positive
Relationship Strength	Weak

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Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Evolution Mining financial statement analysis. It represents the amount of money remaining after all of Evolution Mining operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Capital Expenditures

Capital Expenditures are funds used by Evolution Mining to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Evolution Mining operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from Evolution Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Evolution Mining 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 Evolution Mining. 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 68.1 M in 2024, whereas Tax Provision is likely to drop slightly above 99.6 M in 2024.

	2021	2022	2023	2024 (projected)
Cost Of Revenue	1.6B	1.8B	2.3B	2.4B
Total Revenue	2.1B	2.2B	3.2B	3.4B

Cost Of Revenue Total Revenue

Evolution Mining 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	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Other Current Liab	Short Term Investments	Short Term Debt	Inventory
Total Assets		0.99	0.97	0.76	0.93	0.94	0.98	0.65	1.0	0.65	0.95	0.51	0.8	0.68	0.01	-0.86	0.98	0.98	0.9	0.51	0.92	1.0	0.9	0.53	0.64	0.9
Total Current Liabilities	0.99		0.94	0.75	0.96	0.93	0.97	0.62	0.99	0.62	0.91	0.46	0.74	0.68	-0.01	-0.87	0.98	0.97	0.86	0.46	0.88	0.99	0.91	0.46	0.71	0.86
Total Stockholder Equity	0.97	0.94		0.83	0.84	0.9	0.93	0.7	0.96	0.7	0.93	0.6	0.91	0.73	0.03	-0.81	0.92	0.91	0.94	0.6	0.98	0.96	0.89	0.63	0.65	0.94
Property Plant And Equipment Net	0.76	0.75	0.83		0.63	0.64	0.66	0.76	0.74	0.76	0.75	0.54	0.84	0.72	0.07	-0.7	0.69	0.68	0.85	0.54	0.85	0.76	0.85	0.7	0.54	0.75
Net Debt	0.93	0.96	0.84	0.63		0.86	0.93	0.4	0.95	0.4	0.83	0.35	0.61	0.62	0.03	-0.85	0.96	0.95	0.71	0.35	0.77	0.95	0.81	0.25	0.7	0.78
Retained Earnings	0.94	0.93	0.9	0.64	0.86		0.94	0.66	0.94	0.66	0.94	0.29	0.65	0.67	-0.15	-0.86	0.94	0.94	0.85	0.29	0.8	0.93	0.81	0.57	0.6	0.78
Accounts Payable	0.98	0.97	0.93	0.66	0.93	0.94		0.58	0.99	0.58	0.94	0.48	0.73	0.61	0.04	-0.82	0.99	0.98	0.86	0.48	0.87	0.98	0.86	0.44	0.57	0.87
Cash	0.65	0.62	0.7	0.76	0.4	0.66	0.58		0.61	1.0	0.76	0.39	0.62	0.45	-0.16	-0.56	0.6	0.55	0.89	0.39	0.66	0.6	0.75	0.84	0.29	0.54
Non Current Assets Total	1.0	0.99	0.96	0.74	0.95	0.94	0.99	0.61		0.61	0.94	0.49	0.78	0.67	0.01	-0.86	0.99	0.99	0.87	0.49	0.91	1.0	0.88	0.48	0.65	0.89
Cash And Short Term Investments	0.65	0.62	0.7	0.76	0.4	0.66	0.58	1.0	0.61		0.76	0.39	0.62	0.45	-0.16	-0.56	0.6	0.55	0.89	0.39	0.66	0.6	0.75	0.84	0.29	0.54
Net Receivables	0.95	0.91	0.93	0.75	0.83	0.94	0.94	0.76	0.94	0.76		0.45	0.75	0.68	-0.1	-0.85	0.94	0.92	0.93	0.45	0.87	0.93	0.85	0.65	0.49	0.81
Good Will	0.51	0.46	0.6	0.54	0.35	0.29	0.48	0.39	0.49	0.39	0.45		0.74	0.25	0.21	-0.31	0.42	0.43	0.53	1.0	0.7	0.51	0.43	0.32	0.26	0.55
Common Stock Total Equity	0.8	0.74	0.91	0.84	0.61	0.65	0.73	0.62	0.78	0.62	0.75	0.74		0.7	0.15	-0.62	0.69	0.69	0.85	0.74	0.97	0.79	0.76	0.65	0.56	0.91
Common Stock Shares Outstanding	0.68	0.68	0.73	0.72	0.62	0.67	0.61	0.45	0.67	0.45	0.68	0.25	0.7		-0.04	-0.65	0.62	0.62	0.67	0.25	0.71	0.69	0.68	0.61	0.67	0.74
Other Current Assets	0.01	-0.01	0.03	0.07	0.03	-0.15	0.04	-0.16	0.01	-0.16	-0.1	0.21	0.15	-0.04		0.11	-0.01	-0.01	0.01	0.21	0.11	0.02	0.03	-0.19	-0.11	0.16
Other Stockholder Equity	-0.86	-0.87	-0.81	-0.7	-0.85	-0.86	-0.82	-0.56	-0.86	-0.56	-0.85	-0.31	-0.62	-0.65	0.11		-0.86	-0.86	-0.72	-0.31	-0.73	-0.86	-0.67	-0.51	-0.74	-0.64
Total Liab	0.98	0.98	0.92	0.69	0.96	0.94	0.99	0.6	0.99	0.6	0.94	0.42	0.69	0.62	-0.01	-0.86		0.99	0.85	0.42	0.85	0.98	0.88	0.43	0.61	0.83
Property Plant And Equipment Gross	0.98	0.97	0.91	0.68	0.95	0.94	0.98	0.55	0.99	0.55	0.92	0.43	0.69	0.62	-0.01	-0.86	0.99		0.82	0.43	0.84	0.98	0.84	0.44	0.61	0.82
Total Current Assets	0.9	0.86	0.94	0.85	0.71	0.85	0.86	0.89	0.87	0.89	0.93	0.53	0.85	0.67	0.01	-0.72	0.85	0.82		0.53	0.91	0.87	0.92	0.77	0.48	0.86
Intangible Assets	0.51	0.46	0.6	0.54	0.35	0.29	0.48	0.39	0.49	0.39	0.45	1.0	0.74	0.25	0.21	-0.31	0.42	0.43	0.53		0.7	0.51	0.43	0.32	0.26	0.55
Common Stock	0.92	0.88	0.98	0.85	0.77	0.8	0.87	0.66	0.91	0.66	0.87	0.7	0.97	0.71	0.11	-0.73	0.85	0.84	0.91	0.7		0.92	0.87	0.62	0.61	0.96
Property Plant Equipment	1.0	0.99	0.96	0.76	0.95	0.93	0.98	0.6	1.0	0.6	0.93	0.51	0.79	0.69	0.02	-0.86	0.98	0.98	0.87	0.51	0.92		0.89	0.47	0.68	0.9
Other Current Liab	0.9	0.91	0.89	0.85	0.81	0.81	0.86	0.75	0.88	0.75	0.85	0.43	0.76	0.68	0.03	-0.67	0.88	0.84	0.92	0.43	0.87	0.89		0.57	0.53	0.87
Short Term Investments	0.53	0.46	0.63	0.7	0.25	0.57	0.44	0.84	0.48	0.84	0.65	0.32	0.65	0.61	-0.19	-0.51	0.43	0.44	0.77	0.32	0.62	0.47	0.57		0.3	0.51
Short Term Debt	0.64	0.71	0.65	0.54	0.7	0.6	0.57	0.29	0.65	0.29	0.49	0.26	0.56	0.67	-0.11	-0.74	0.61	0.61	0.48	0.26	0.61	0.68	0.53	0.3		0.59
Inventory	0.9	0.86	0.94	0.75	0.78	0.78	0.87	0.54	0.89	0.54	0.81	0.55	0.91	0.74	0.16	-0.64	0.83	0.82	0.86	0.55	0.96	0.9	0.87	0.51	0.59

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Evolution Mining Account Relationship Matchups

Evolution Mining fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.8B	4.0B	6.6B	6.8B	8.8B	9.3B
Total Current Liabilities	363.5M	349.4M	861.9M	909.9M	979.6M	1.0B
Total Stockholder Equity	2.5B	2.5B	3.3B	3.3B	4.1B	4.3B
Property Plant And Equipment Net	2.4B	2.7B	4.7B	2.1B	2.8B	3.0B
Net Debt	232.6M	476.3M	1.3B	1.8B	1.6B	1.7B
Retained Earnings	229.9M	301.8M	478.5M	550.2M	905.9M	951.1M
Accounts Payable	151.6M	142.4M	245.9M	296.9M	431.7M	453.2M
Cash	372.6M	160.1M	572.4M	46.1M	403.3M	423.5M
Non Current Assets Total	3.1B	3.5B	5.6B	6.2B	7.7B	8.1B
Cash And Short Term Investments	372.6M	160.1M	572.4M	46.1M	403.3M	423.5M
Net Receivables	140.5M	105.0M	174.2M	108.2M	244.9M	257.2M
Common Stock Shares Outstanding	1.7B	1.7B	1.8B	1.8B	1.9B	1.6B
Liabilities And Stockholders Equity	3.8B	4.0B	6.6B	6.8B	8.8B	9.3B
Other Current Assets	8.5M	10.8M	13.0M	14.1M	23.2M	12.1M
Other Stockholder Equity	(2.4B)	(2.5B)	(3.1B)	(3.2B)	(2.9B)	(2.7B)
Total Liab	1.3B	1.4B	3.4B	3.5B	4.7B	4.9B
Property Plant And Equipment Gross	2.7B	6.7B	9.1B	10.2B	13.5B	14.2B
Total Current Assets	723.8M	464.4M	1.0B	517.5M	1.1B	1.1B
Accumulated Other Comprehensive Income	49.7M	49.4M	131.4M	100.5M	46.0M	31.1M
Property Plant Equipment	2.7B	3.2B	5.2B	5.8B	6.7B	7.0B
Other Current Liab	87.5M	87.0M	436.0M	229.1M	383.3M	402.5M
Short Term Debt	115.5M	117.3M	180.1M	363.8M	126.5M	78.2M
Inventory	202.2M	188.6M	250.5M	333.4M	399.1M	419.1M
Short Long Term Debt Total	605.2M	636.3M	1.9B	1.8B	2.0B	2.1B
Other Liab	365.3M	553.7M	834.5M	2.2B	2.5B	2.6B
Current Deferred Revenue	8.9M	2.7M	238.0M	20.1M	38.1M	40.0M
Non Currrent Assets Other	499.8M	591.7M	648.0M	3.9B	4.6B	4.9B
Other Assets	167.8M	257M	401.2M	1.0	1.15	1.09
Long Term Debt	468.6M	508.4M	1.7B	1.4B	1.9B	1.9B
Non Current Liabilities Total	951.2M	1.1B	2.5B	2.5B	3.7B	3.9B
Net Tangible Assets	2.5B	2.5B	3.3B	6.6B	7.6B	8.0B
Long Term Investments	96.2M	62.9M	60.8M	45.1M	39.6M	39.2M
Short Long Term Debt	93.5M	102.8M	167.3M	341.3M	72.9M	122.6M
Long Term Debt Total	489.7M	519.1M	1.7B	1.5B	1.7B	1.8B

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