| MKA Stock | | | 10.00 0.58 6.16% |
Mkango Resources financial indicator trend analysis is infinitely more than just investigating Mkango Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mkango Resources is a good investment. Please check the relationship between Mkango Resources Change To Netincome and its Depreciation accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mkango 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 bureau of economic analysis.
Change To Netincome vs Depreciation
Change To Netincome vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mkango Resources Change To Netincome account and
Depreciation. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Mkango Resources' Change To Netincome and Depreciation is 0.51. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Depreciation in the same time period over historical financial statements of Mkango Resources, assuming nothing else is changed. The correlation between historical values of Mkango Resources' Change To Netincome and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Netincome of Mkango Resources are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Change To Netincome i.e., Mkango Resources' Change To Netincome and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.51 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Change To Netincome
Depreciation
Depreciation indicates how much of Mkango Resources value has been used up. For tax purposes Mkango Resources can deduct the cost of the tangible assets it purchases as business expenses. However, Mkango Resources must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Mkango Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mkango 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 Mkango 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 bureau of economic analysis.
As of March 4, 2025,
Selling General Administrative is expected to decline to about 2.7
M. The current year's
Tax Provision is expected to grow to about (50.5
K)
Mkango Resources fundamental ratios Correlations
Click cells to compare fundamentals
Mkango Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mkango Resources fundamental ratios Accounts
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Other Information on Investing in Mkango Stock
Balance Sheet is a snapshot of the
financial position of Mkango Resources at a specified time, usually calculated after every quarter, six months, or one year. Mkango Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mkango Resources and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Mkango currently owns. An asset can also be divided into two categories, current and non-current.