| GMD Stock | | | 2.53 0.01 0.39% |
Genesis Minerals financial indicator trend analysis is much more than just examining Genesis Minerals latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Genesis Minerals is a good investment. Please check the relationship between Genesis Minerals Net Tangible Assets and its Accounts Payable accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Genesis Minerals. 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 Tangible Assets vs Accounts Payable
Net Tangible Assets vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Genesis Minerals Net Tangible Assets account and
Accounts Payable. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Genesis Minerals' Net Tangible Assets and Accounts Payable is 0.89. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Genesis Minerals, assuming nothing else is changed. The correlation between historical values of Genesis Minerals' Net Tangible Assets and Accounts Payable 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 Tangible Assets of Genesis Minerals are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Tangible Assets i.e., Genesis Minerals' Net Tangible Assets and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.89 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Accounts Payable
An accounting item on the balance sheet that represents Genesis Minerals obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Genesis Minerals are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Genesis Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Genesis Minerals 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 Genesis Minerals. 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 15.1
M in 2024, despite the fact that
Tax Provision is likely to grow to (42.3
M).
Genesis Minerals fundamental ratios Correlations
Click cells to compare fundamentals
Genesis Minerals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Genesis Minerals fundamental ratios Accounts
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Additional Tools for Genesis Stock Analysis
When running Genesis Minerals' price analysis, check to
measure Genesis Minerals' 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 Genesis Minerals is operating at the current time. Most of Genesis Minerals' value examination focuses on studying past and present price action to
predict the probability of Genesis Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Genesis Minerals' price. Additionally, you may evaluate how the addition of Genesis Minerals to your portfolios can decrease your overall portfolio volatility.