Gitennes Net Invested Capital vs Retained Earnings 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 Retained Earnings 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 Retained Earnings
Net Invested Capital vs Retained Earnings 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 Retained Earnings. At this time, the significance of the direction appears to have weak relationship.
The correlation between Gitennes Exploration's Net Invested Capital and Retained Earnings is 0.37. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Retained Earnings 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 Retained Earnings 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 Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Net Invested Capital i.e., Gitennes Exploration's Net Invested Capital and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.37 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.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
Click cells to compare fundamentals
Gitennes Exploration Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Gitennes Stock Analysis
When running Gitennes Exploration's price analysis, check to measure Gitennes Exploration's 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 Gitennes Exploration is operating at the current time. Most of Gitennes Exploration's value examination focuses on studying past and present price action to predict the probability of Gitennes Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gitennes Exploration's price. Additionally, you may evaluate how the addition of Gitennes Exploration to your portfolios can decrease your overall portfolio volatility.