| MAU Stock | | | 1.30 0.02 1.52% |
Magnetic Resources financial indicator trend analysis is infinitely more than just investigating Magnetic Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Magnetic Resources is a good investment. Please check the relationship between Magnetic Resources Accounts Payable and its Property Plant Equipment accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magnetic Resources NL. 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.
Accounts Payable vs Property Plant Equipment
Accounts Payable vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Magnetic Resources Accounts Payable account and
Property Plant Equipment. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Magnetic Resources' Accounts Payable and Property Plant Equipment is -0.32. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Magnetic Resources NL, assuming nothing else is changed. The correlation between historical values of Magnetic Resources' Accounts Payable and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Magnetic Resources NL are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Accounts Payable i.e., Magnetic Resources' Accounts Payable and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | -0.32 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents Magnetic Resources 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 Magnetic Resources 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.
Property Plant Equipment
Most indicators from Magnetic Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Magnetic 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magnetic Resources NL. 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.
Issuance Of Capital Stock is likely to gain to about 20.3
M in 2025, whereas
Selling General Administrative is likely to drop slightly above 622.7
K in 2025.
Magnetic Resources fundamental ratios Correlations
Click cells to compare fundamentals
Magnetic Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Magnetic Resources fundamental ratios Accounts
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Additional Tools for Magnetic Stock Analysis
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