Golden Operating Income vs Total Current Liabilities Analysis
| GMET Stock | 31.00 1.40 4.32% |
Golden Metal financial indicator trend analysis is much more than just examining Golden Metal Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Golden Metal Resources is a good investment. Please check the relationship between Golden Metal Operating Income and its Total Current Liabilities accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Metal Resources. 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.
Operating Income vs Total Current Liabilities
Operating Income vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Golden Metal Resources Operating Income account and Total Current Liabilities. At this time, the significance of the direction appears to have pay attention.
The correlation between Golden Metal's Operating Income and Total Current Liabilities is -0.92. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Golden Metal Resources, assuming nothing else is changed. The correlation between historical values of Golden Metal's Operating Income and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Golden Metal Resources are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Operating Income i.e., Golden Metal's Operating Income and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.92 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Operating Income
Operating Income is the amount of profit realized from Golden Metal Resources operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Golden Metal Resources is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Total Current Liabilities
Total Current Liabilities is an item on Golden Metal balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Golden Metal Resources are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Golden Metal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Golden Metal Resources 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 Golden Metal Resources. 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 drop to about 471.2 K in 2024. Issuance Of Capital Stock is likely to drop to about 1.7 M in 2024
| 2010 | 2023 | 2024 (projected) | Gross Profit | 30K | 27K | 24K | Total Revenue | 30K | 27K | 24K |
Golden Metal fundamental ratios Correlations
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Golden Metal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Golden Metal's price analysis, check to measure Golden Metal'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 Golden Metal is operating at the current time. Most of Golden Metal's value examination focuses on studying past and present price action to predict the probability of Golden Metal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Golden Metal's price. Additionally, you may evaluate how the addition of Golden Metal to your portfolios can decrease your overall portfolio volatility.