Gitennes Net Invested Capital vs Capital Stock Analysis

GIT Stock

CAD 0.24 0.01 4.00%

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

Net Invested Capital vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gitennes Exploration Net Invested Capital account and Capital Stock. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Gitennes Exploration's Net Invested Capital and Capital Stock is -0.27. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Gitennes Exploration, assuming nothing else is changed. The correlation between historical values of Gitennes Exploration's Net Invested Capital and Capital Stock 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 Invested Capital of Gitennes Exploration are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Net Invested Capital i.e., Gitennes Exploration's Net Invested Capital and Capital Stock go up and down completely randomly.

Correlation Coefficient

-0.27

Relationship Direction	Negative
Relationship Strength	Insignificant

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Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.

Most indicators from Gitennes Exploration's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gitennes Exploration 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gitennes Exploration. 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.

Tax Provision is expected to grow at the current pace this year, whereas Selling General Administrative is likely to drop slightly above 102.7 K in 2024.

Gitennes Exploration fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Net Receivables	Short Term Investments	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Other Assets	Other Current Assets	Non Current Assets Total	Long Term Debt	Non Current Liabilities Total	Short Long Term Debt	Short Term Debt	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Net Debt	Long Term Investments	Capital Stock
Total Assets		0.74	0.84	0.74	-0.35	0.87	0.95	0.44	-0.07	0.72	0.96	0.31	-0.37	-0.21	0.4	0.1	-0.39	-0.53	-0.12	-0.12	0.71	0.62	0.56	0.46	-0.16	0.39
Total Current Liabilities	0.74		0.33	0.66	-0.65	0.89	0.72	0.38	-0.46	0.99	0.74	0.72	-0.66	-0.5	0.73	0.53	-0.79	-0.82	-0.41	-0.41	0.48	0.11	0.04	0.77	0.15	0.59
Total Stockholder Equity	0.84	0.33		0.48	0.12	0.57	0.84	0.34	0.29	0.29	0.84	-0.1	0.05	0.13	-0.05	-0.41	0.03	-0.11	0.37	0.37	0.69	0.88	0.86	0.02	-0.51	-0.03
Net Tangible Assets	0.74	0.66	0.48		-0.69	0.65	0.58	0.52	-0.02	0.6	0.61	0.69	-0.41	-0.17	0.48	0.48	-0.45	-0.67	-0.52	-0.52	0.4	0.19	0.12	0.67	0.36	0.78
Retained Earnings	-0.35	-0.65	0.12	-0.69		-0.43	-0.19	-0.64	0.54	-0.64	-0.28	-0.87	0.77	0.56	-0.84	-0.77	0.81	0.91	0.82	0.82	-0.27	0.37	0.43	-0.91	-0.54	-0.97
Accounts Payable	0.87	0.89	0.57	0.65	-0.43		0.89	0.27	-0.31	0.87	0.88	0.43	-0.45	-0.32	0.51	0.28	-0.55	-0.64	-0.21	-0.21	0.48	0.42	0.35	0.52	-0.04	0.41
Cash	0.95	0.72	0.84	0.58	-0.19	0.89		0.35	-0.17	0.7	0.99	0.2	-0.3	-0.22	0.31	-0.05	-0.3	-0.42	0.05	0.05	0.71	0.74	0.69	0.32	-0.3	0.22
Net Receivables	0.44	0.38	0.34	0.52	-0.64	0.27	0.35		-0.35	0.35	0.47	0.52	-0.53	-0.38	0.53	0.04	-0.6	-0.72	-0.16	-0.16	0.74	0.16	0.15	0.63	-0.15	0.64
Short Term Investments	-0.07	-0.46	0.29	-0.02	0.54	-0.31	-0.17	-0.35		-0.53	-0.21	-0.45	0.73	0.84	-0.63	-0.35	0.56	0.54	0.35	0.35	-0.21	0.19	0.21	-0.49	-0.12	-0.41
Total Liab	0.72	0.99	0.29	0.6	-0.64	0.87	0.7	0.35	-0.53		0.72	0.7	-0.74	-0.59	0.76	0.54	-0.79	-0.8	-0.42	-0.42	0.44	0.08	0.01	0.75	0.16	0.56
Total Current Assets	0.96	0.74	0.84	0.61	-0.28	0.88	0.99	0.47	-0.21	0.72		0.26	-0.36	-0.26	0.38	-0.04	-0.38	-0.5	0.03	0.03	0.77	0.71	0.66	0.41	-0.31	0.3
Common Stock	0.31	0.72	-0.1	0.69	-0.87	0.43	0.2	0.52	-0.45	0.7	0.26		-0.68	-0.49	0.75	0.75	-0.77	-0.83	-0.68	-0.68	0.25	-0.34	-0.4	0.84	0.57	0.83
Property Plant Equipment	-0.37	-0.66	0.05	-0.41	0.77	-0.45	-0.3	-0.53	0.73	-0.74	-0.36	-0.68		0.91	-0.87	-0.53	0.81	0.8	0.53	0.53	-0.32	0.26	0.3	-0.74	-0.21	-0.65
Other Assets	-0.21	-0.5	0.13	-0.17	0.56	-0.32	-0.22	-0.38	0.84	-0.59	-0.26	-0.49	0.91		-0.69	-0.36	0.61	0.58	0.36	0.36	-0.23	0.19	0.22	-0.51	-0.11	-0.43
Other Current Assets	0.4	0.73	-0.05	0.48	-0.84	0.51	0.31	0.53	-0.63	0.76	0.38	0.75	-0.87	-0.69		0.63	-0.88	-0.85	-0.63	-0.63	0.29	-0.35	-0.39	0.79	0.29	0.7
Non Current Assets Total	0.1	0.53	-0.41	0.48	-0.77	0.28	-0.05	0.04	-0.35	0.54	-0.04	0.75	-0.53	-0.36	0.63		-0.56	-0.59	-0.95	-0.95	-0.14	-0.61	-0.68	0.68	0.88	0.74
Long Term Debt	-0.39	-0.79	0.03	-0.45	0.81	-0.55	-0.3	-0.6	0.56	-0.79	-0.38	-0.77	0.81	0.61	-0.88	-0.56		0.95	0.49	0.49	-0.39	0.31	0.35	-0.85	-0.16	-0.69
Non Current Liabilities Total	-0.53	-0.82	-0.11	-0.67	0.91	-0.64	-0.42	-0.72	0.54	-0.8	-0.5	-0.83	0.8	0.58	-0.85	-0.59	0.95		0.58	0.58	-0.48	0.17	0.22	-0.92	-0.24	-0.85
Short Long Term Debt	-0.12	-0.41	0.37	-0.52	0.82	-0.21	0.05	-0.16	0.35	-0.42	0.03	-0.68	0.53	0.36	-0.63	-0.95	0.49	0.58		1.0	0.08	0.56	0.63	-0.67	-0.87	-0.82
Short Term Debt	-0.12	-0.41	0.37	-0.52	0.82	-0.21	0.05	-0.16	0.35	-0.42	0.03	-0.68	0.53	0.36	-0.63	-0.95	0.49	0.58	1.0		0.08	0.56	0.63	-0.67	-0.87	-0.82
Common Stock Shares Outstanding	0.71	0.48	0.69	0.4	-0.27	0.48	0.71	0.74	-0.21	0.44	0.77	0.25	-0.32	-0.23	0.29	-0.14	-0.39	-0.48	0.08	0.08		0.6	0.58	0.38	-0.36	0.3
Net Invested Capital	0.62	0.11	0.88	0.19	0.37	0.42	0.74	0.16	0.19	0.08	0.71	-0.34	0.26	0.19	-0.35	-0.61	0.31	0.17	0.56	0.56	0.6		1.0	-0.24	-0.61	-0.27
Net Working Capital	0.56	0.04	0.86	0.12	0.43	0.35	0.69	0.15	0.21	0.01	0.66	-0.4	0.3	0.22	-0.39	-0.68	0.35	0.22	0.63	0.63	0.58	1.0		-0.3	-0.67	-0.33
Net Debt	0.46	0.77	0.02	0.67	-0.91	0.52	0.32	0.63	-0.49	0.75	0.41	0.84	-0.74	-0.51	0.79	0.68	-0.85	-0.92	-0.67	-0.67	0.38	-0.24	-0.3		0.35	0.88
Long Term Investments	-0.16	0.15	-0.51	0.36	-0.54	-0.04	-0.3	-0.15	-0.12	0.16	-0.31	0.57	-0.21	-0.11	0.29	0.88	-0.16	-0.24	-0.87	-0.87	-0.36	-0.61	-0.67	0.35		0.58
Capital Stock	0.39	0.59	-0.03	0.78	-0.97	0.41	0.22	0.64	-0.41	0.56	0.3	0.83	-0.65	-0.43	0.7	0.74	-0.69	-0.85	-0.82	-0.82	0.3	-0.27	-0.33	0.88	0.58

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Gitennes Exploration Account Relationship Matchups

Gitennes Exploration fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	133.2K	1.6M	888.7K	245.1K	271.5K	448.8K
Total Current Liabilities	262.2K	710.7K	295.7K	215.8K	480.2K	243.5K
Total Stockholder Equity	(171.5K)	871.5K	593.0K	29.3K	(218.7K)	(207.8K)
Net Tangible Assets	(150.4K)	(171.5K)	871.5K	593.0K	682.0K	716.1K
Retained Earnings	(36.0M)	(37.2M)	(38.9M)	(39.5M)	(40.0M)	(42.0M)
Accounts Payable	83.9K	45.5K	333.1K	93.0K	106.9K	93.1K
Cash	3.2K	1.5M	660.0K	86.4K	90.7K	86.2K
Net Receivables	23.3K	44.4K	192.4K	119.5K	28.4K	44.6K
Total Liab	304.7K	710.7K	295.7K	215.8K	490.2K	271.8K
Total Current Assets	98.6K	1.5M	886.7K	233.8K	145.3K	138.0K
Common Stock	33.5M	34.0M	35.8M	37.1M	42.7M	37.0M
Property Plant Equipment	3.9K	3.1K	2.5K	2.0K	1.8K	1.7K
Non Current Assets Total	34.6K	34.0K	2.0K	11.3K	126.3K	132.6K
Common Stock Shares Outstanding	10.6M	33.1M	56.0M	5.6M	6.9M	6.5M
Net Invested Capital	(129.0K)	871.5K	593.0K	29.3K	(218.7K)	(207.8K)
Net Working Capital	(163.6K)	837.5K	591.0K	18.0K	(335.0K)	(318.2K)
Capital Stock	34.0M	35.8M	37.1M	37.1M	37.4M	39.4M

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