Iconic Research Development vs Operating Income Analysis

ICM Stock

CAD 0.01 0.01 50.00%

Iconic Minerals financial indicator trend analysis is infinitely more than just investigating Iconic Minerals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Iconic Minerals is a good investment. Please check the relationship between Iconic Minerals Research Development and its Operating Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Iconic 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.

Research Development vs Operating Income

Research Development vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Iconic Minerals Research Development account and Operating Income. At this time, the significance of the direction appears to have pay attention.

The correlation between Iconic Minerals' Research Development and Operating Income is -0.85. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Operating Income in the same time period over historical financial statements of Iconic Minerals, assuming nothing else is changed. The correlation between historical values of Iconic Minerals' Research Development and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Research Development of Iconic Minerals are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Research Development i.e., Iconic Minerals' Research Development and Operating Income go up and down completely randomly.

Correlation Coefficient

-0.85

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Research Development

Operating Income

Operating Income is the amount of profit realized from Iconic Minerals 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 Iconic Minerals 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.

Most indicators from Iconic Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Iconic 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 Iconic 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.

At this time, Iconic Minerals' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 6 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 40.14 in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	82.7K	34.6K	31.1K	29.6K
Research Development	230.9K	361.4K	415.6K	436.4K

Interest Expense Research Development

Iconic Minerals fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Total Liab	Total Current Assets	Common Stock	Net Receivables	Other Stockholder Equity	Short Term Investments	Inventory	Short Term Debt	Other Liab	Net Tangible Assets
Total Assets		0.35	0.73	0.85	0.57	0.56	0.01	-0.58	0.61	0.41	0.53	-0.42	0.27	0.6	0.07	0.26	0.72	0.7	0.7	0.08	-0.27	0.17	0.53	0.55	0.38	0.65
Short Long Term Debt Total	0.35		0.16	0.13	-0.02	0.61	0.39	-0.73	-0.04	0.0	0.55	0.38	0.01	0.09	0.53	0.02	0.41	-0.07	0.8	-0.06	-0.03	0.0	-0.04	0.0	0.21	-0.09
Other Current Liab	0.73	0.16		0.95	0.0	0.59	0.39	-0.53	0.51	-0.19	0.59	-0.11	-0.23	0.3	0.27	0.01	0.87	0.34	0.53	-0.26	-0.27	-0.21	0.29	0.29	0.29	0.1
Total Current Liabilities	0.85	0.13	0.95		0.18	0.58	0.27	-0.59	0.61	0.11	0.58	-0.24	-0.09	0.44	0.21	0.05	0.88	0.49	0.59	-0.21	-0.32	-0.14	0.36	0.45	0.4	0.29
Total Stockholder Equity	0.57	-0.02	0.0	0.18		-0.17	-0.68	0.11	0.56	0.6	-0.2	-0.74	0.79	0.66	-0.59	0.59	-0.15	0.83	0.07	0.65	-0.11	0.7	0.72	0.61	0.21	0.94
Property Plant And Equipment Net	0.56	0.61	0.59	0.58	-0.17		0.7	-0.83	-0.1	-0.01	1.0	0.38	-0.53	-0.18	0.84	-0.51	0.84	-0.2	0.73	-0.68	-0.05	-0.6	-0.35	-0.04	-0.01	-0.11
Net Debt	0.01	0.39	0.39	0.27	-0.68	0.7		-0.59	-0.32	-0.37	0.72	0.64	-0.76	-0.45	0.86	-0.57	0.6	-0.6	0.39	-0.78	-0.32	-0.74	-0.62	-0.32	-0.05	-0.61
Retained Earnings	-0.58	-0.73	-0.53	-0.59	0.11	-0.83	-0.59		-0.18	-0.16	-0.8	-0.29	0.25	-0.17	-0.71	0.17	-0.8	0.01	-0.93	0.43	0.15	0.34	0.12	-0.24	-0.43	0.1
Accounts Payable	0.61	-0.04	0.51	0.61	0.56	-0.1	-0.32	-0.18		0.24	-0.13	-0.52	0.5	0.79	-0.44	0.66	0.24	0.83	0.28	0.49	-0.29	0.49	0.8	0.74	0.62	0.51
Cash	0.41	0.0	-0.19	0.11	0.6	-0.01	-0.37	-0.16	0.24		-0.02	-0.48	0.53	0.45	-0.18	0.21	0.0	0.5	0.25	0.22	-0.19	0.27	0.25	0.42	0.3	0.68
Non Current Assets Total	0.53	0.55	0.59	0.58	-0.2	1.0	0.72	-0.8	-0.13	-0.02		0.38	-0.57	-0.22	0.85	-0.55	0.84	-0.23	0.68	-0.73	-0.04	-0.65	-0.39	-0.07	-0.05	-0.13
Non Currrent Assets Other	-0.42	0.38	-0.11	-0.24	-0.74	0.38	0.64	-0.29	-0.52	-0.48	0.38		-0.7	-0.64	0.68	-0.66	0.13	-0.81	0.13	-0.58	0.2	-0.63	-0.75	-0.51	-0.19	-0.8
Cash And Short Term Investments	0.27	0.01	-0.23	-0.09	0.79	-0.53	-0.76	0.25	0.5	0.53	-0.57	-0.7		0.8	-0.78	0.82	-0.39	0.79	0.02	0.93	-0.24	0.96	0.83	0.57	0.44	0.75
Common Stock Shares Outstanding	0.6	0.09	0.3	0.44	0.66	-0.18	-0.45	-0.17	0.79	0.45	-0.22	-0.64	0.8		-0.55	0.74	0.12	0.88	0.38	0.69	-0.41	0.75	0.89	0.87	0.8	0.68
Non Current Liabilities Total	0.07	0.53	0.27	0.21	-0.59	0.84	0.86	-0.71	-0.44	-0.18	0.85	0.68	-0.78	-0.55		-0.7	0.62	-0.64	0.52	-0.87	0.09	-0.83	-0.74	-0.4	-0.18	-0.56
Other Current Assets	0.26	0.02	0.01	0.05	0.59	-0.51	-0.57	0.17	0.66	0.21	-0.55	-0.66	0.82	0.74	-0.7		-0.24	0.76	0.06	0.87	-0.24	0.87	0.84	0.5	0.46	0.54
Total Liab	0.72	0.41	0.87	0.88	-0.15	0.84	0.6	-0.8	0.24	0.0	0.84	0.13	-0.39	0.12	0.62	-0.24		0.11	0.76	-0.52	-0.22	-0.45	-0.03	0.13	0.24	-0.01
Total Current Assets	0.7	-0.07	0.34	0.49	0.83	-0.2	-0.6	0.01	0.83	0.5	-0.23	-0.81	0.79	0.88	-0.64	0.76	0.11		0.21	0.69	-0.28	0.73	0.93	0.7	0.48	0.86
Common Stock	0.7	0.8	0.53	0.59	0.07	0.73	0.39	-0.93	0.28	0.25	0.68	0.13	0.02	0.38	0.52	0.06	0.76	0.21		-0.16	-0.19	-0.07	0.12	0.33	0.51	0.11
Net Receivables	0.08	-0.06	-0.26	-0.21	0.65	-0.68	-0.78	0.43	0.49	0.22	-0.73	-0.58	0.93	0.69	-0.87	0.87	-0.52	0.69	-0.16		-0.15	0.98	0.82	0.45	0.35	0.57
Other Stockholder Equity	-0.27	-0.03	-0.27	-0.32	-0.11	-0.05	-0.32	0.15	-0.29	-0.19	-0.04	0.2	-0.24	-0.41	0.09	-0.24	-0.22	-0.28	-0.19	-0.15		-0.21	-0.28	-0.35	-0.45	-0.21
Short Term Investments	0.17	0.0	-0.21	-0.14	0.7	-0.6	-0.74	0.34	0.49	0.27	-0.65	-0.63	0.96	0.75	-0.83	0.87	-0.45	0.73	-0.07	0.98	-0.21		0.86	0.52	0.4	0.62
Inventory	0.53	-0.04	0.29	0.36	0.72	-0.35	-0.62	0.12	0.8	0.25	-0.39	-0.75	0.83	0.89	-0.74	0.84	-0.03	0.93	0.12	0.82	-0.28	0.86		0.67	0.52	0.7
Short Term Debt	0.55	0.0	0.29	0.45	0.61	-0.04	-0.32	-0.24	0.74	0.42	-0.07	-0.51	0.57	0.87	-0.4	0.5	0.13	0.7	0.33	0.45	-0.35	0.52	0.67		0.82	0.58
Other Liab	0.38	0.21	0.29	0.4	0.21	-0.01	-0.05	-0.43	0.62	0.3	-0.05	-0.19	0.44	0.8	-0.18	0.46	0.24	0.48	0.51	0.35	-0.45	0.4	0.52	0.82		0.22
Net Tangible Assets	0.65	-0.09	0.1	0.29	0.94	-0.11	-0.61	0.1	0.51	0.68	-0.13	-0.8	0.75	0.68	-0.56	0.54	-0.01	0.86	0.11	0.57	-0.21	0.62	0.7	0.58	0.22

Click cells to compare fundamentals

Iconic Minerals Account Relationship Matchups

Iconic Minerals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.6M	7.0M	9.0M	4.3M	4.9M	5.4M
Short Long Term Debt Total	2.1M	2.1M	1.8M	1.7M	1.9M	2.1M
Other Current Liab	1.8M	1.1M	4.9M	765.9K	880.8K	1.3M
Total Current Liabilities	2.2M	2.8M	5.9M	1.4M	1.6M	1.7M
Total Stockholder Equity	438.0K	2.5M	1.6M	2.9M	2.6M	1.7M
Property Plant And Equipment Net	3.8M	4.4M	5.0M	1.3M	1.5M	1.4M
Net Debt	1.9M	591.6K	1.6M	(319.4K)	(367.3K)	(348.9K)
Retained Earnings	(46.8M)	(48.0M)	(49.0M)	(31.5M)	(28.3M)	(29.7M)
Accounts Payable	285.3K	373.8K	841.7K	597.7K	687.3K	416.1K
Cash	117.6K	1.2M	52.5K	319.4K	367.3K	268.6K
Non Current Assets Total	3.8M	4.4M	5.0M	1.3M	1.5M	1.4M
Cash And Short Term Investments	643.5K	1.5M	137.4K	2.4M	2.8M	2.9M
Common Stock Shares Outstanding	92.2M	114.8M	131.5M	133.9M	154.0M	161.7M
Liabilities And Stockholders Equity	4.6M	7.0M	9.0M	4.3M	4.9M	5.4M
Non Current Liabilities Total	2.0M	1.7M	1.6M	27.1K	24.4K	23.2K
Other Current Assets	125K	7.7K	112.6K	203.2K	233.7K	245.4K
Total Liab	4.1M	4.6M	7.4M	1.4M	1.6M	3.0M
Total Current Assets	801.9K	2.7M	4.0M	3.0M	3.4M	3.6M
Common Stock	42.9M	45.2M	45.7M	28.5M	32.8M	40.2M
Net Receivables	33.4K	18.7K	16.2K	381.7K	438.9K	460.9K
Other Stockholder Equity	182.9K	233.6K	(115.7K)	251.6K	226.4K	215.1K
Accumulated Other Comprehensive Income	4.1M	5.0M	5.0M	5.6M	6.4M	3.8M
Short Term Investments	525.9K	291.5K	84.8K	2.1M	2.4M	2.5M
Short Term Debt	150K	90K	130K	140K	172.5K	104.0K
Other Liab	65.0K	52.4K	50.4K	52.2K	60.0K	52.7K
Net Tangible Assets	(1.2M)	438.0K	2.5M	1.6M	1.8M	1.9M
Long Term Debt	2.0M	1.9M	1.7M	1.5M	1.4M	1.5M
Short Long Term Debt	150K	90K	130K	140K	172.5K	109.4K
Property Plant Equipment	3.3M	3.7M	4.3M	4.7M	5.4M	4.3M
Net Invested Capital	2.5M	4.3M	3.2M	2.9M	3.3M	2.8M
Net Working Capital	(1.4M)	(147.2K)	(1.9M)	1.6M	1.9M	2.0M
Capital Stock	42.9M	45.2M	45.7M	28.5M	25.7M	32.8M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Iconic Stock Analysis

When running Iconic Minerals' price analysis, check to measure Iconic 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 Iconic Minerals is operating at the current time. Most of Iconic Minerals' value examination focuses on studying past and present price action to predict the probability of Iconic Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Iconic Minerals' price. Additionally, you may evaluate how the addition of Iconic Minerals to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC