Monarca Change In Working Capital vs Depreciation Analysis

MMN Stock

CAD 0.01 0.00 0.00%

Monarca Minerals financial indicator trend analysis is infinitely more than just investigating Monarca Minerals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Monarca Minerals is a good investment. Please check the relationship between Monarca Minerals Change In Working Capital and its Depreciation accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Monarca 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.

Change In Working Capital vs Depreciation

Change In Working Capital vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Monarca Minerals Change In Working Capital account and Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Monarca Minerals' Change In Working Capital and Depreciation is -0.31. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Depreciation in the same time period over historical financial statements of Monarca Minerals, assuming nothing else is changed. The correlation between historical values of Monarca Minerals' Change In Working Capital 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 In Working Capital of Monarca Minerals 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 In Working Capital i.e., Monarca Minerals' Change In Working Capital and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.31

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

Depreciation

Depreciation indicates how much of Monarca Minerals value has been used up. For tax purposes Monarca Minerals can deduct the cost of the tangible assets it purchases as business expenses. However, Monarca Minerals 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 Monarca Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Monarca 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Monarca 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 drop to about 353.4 K in 2024. Enterprise Value Over EBITDA is likely to drop to -3.84 in 2024

Monarca Minerals fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Other Current Liab	Property Plant And Equipment Net	Non Current Assets Total	Short Term Investments	Non Current Liabilities Total	Net Tangible Assets	Other Current Assets	Deferred Long Term Liab	Common Stock	Property Plant Equipment	Non Currrent Assets Other
Total Assets		-0.17	-0.59	0.99	-0.21	0.59	-0.68	0.07	0.06	0.39	-0.65	0.49	0.47	0.14	-0.12	-0.52	0.99	1.0	-0.31	0.99	0.64	-0.17	0.15	-0.48	0.68	0.68
Short Long Term Debt Total	-0.17		0.78	-0.32	0.54	-0.78	0.65	0.1	0.11	-0.29	0.62	-0.43	0.72	0.03	0.98	0.4	-0.18	-0.2	-0.72	-0.18	-0.65	-0.07	-0.59	0.79	-0.56	0.03
Total Current Liabilities	-0.59	0.78		-0.71	0.67	-0.84	0.97	-0.13	-0.13	-0.47	0.91	-0.49	0.34	-0.21	0.76	0.83	-0.59	-0.6	-0.44	-0.59	-0.84	0.01	-0.77	0.86	-0.78	-0.37
Total Stockholder Equity	0.99	-0.32	-0.71		-0.32	0.69	-0.77	0.09	0.09	0.45	-0.73	0.54	0.33	0.17	-0.27	-0.59	0.98	0.98	-0.18	0.97	0.73	-0.16	0.25	-0.58	0.75	0.66
Net Debt	-0.21	0.54	0.67	-0.32		-0.41	0.58	-0.76	-0.76	-0.58	0.52	-0.23	0.48	-0.79	0.52	0.6	-0.14	-0.16	-0.35	-0.14	-0.47	-0.18	-0.56	0.42	-0.35	0.0
Retained Earnings	0.59	-0.78	-0.84	0.69	-0.41		-0.85	-0.13	-0.13	0.13	-0.84	0.34	-0.25	-0.09	-0.78	-0.5	0.63	0.63	0.55	0.64	0.89	0.01	0.56	-0.87	0.85	0.44
Accounts Payable	-0.68	0.65	0.97	-0.77	0.58	-0.85		-0.1	-0.1	-0.35	0.94	-0.4	0.18	-0.15	0.67	0.86	-0.69	-0.69	-0.37	-0.69	-0.85	-0.03	-0.76	0.87	-0.81	-0.53
Cash	0.07	0.1	-0.13	0.09	-0.76	-0.13	-0.1		1.0	0.45	-0.07	-0.07	-0.1	0.98	0.12	-0.31	-0.03	-0.02	-0.14	-0.02	0.03	0.18	0.09	0.12	-0.06	-0.02
Cash And Short Term Investments	0.06	0.11	-0.13	0.09	-0.76	-0.13	-0.1	1.0		0.45	-0.06	-0.07	-0.1	0.98	0.12	-0.31	-0.03	-0.02	-0.14	-0.03	0.02	0.18	0.09	0.13	-0.06	-0.03
Net Receivables	0.39	-0.29	-0.47	0.45	-0.58	0.13	-0.35	0.45	0.45		-0.29	0.72	-0.13	0.6	-0.18	-0.45	0.31	0.34	-0.21	0.29	0.22	-0.34	0.11	-0.14	0.17	-0.01
Common Stock Shares Outstanding	-0.65	0.62	0.91	-0.73	0.52	-0.84	0.94	-0.07	-0.06	-0.29		-0.38	0.16	-0.11	0.64	0.78	-0.66	-0.66	-0.32	-0.67	-0.82	0.14	-0.7	0.89	-0.79	-0.51
Other Stockholder Equity	0.49	-0.43	-0.49	0.54	-0.23	0.34	-0.4	-0.07	-0.07	0.72	-0.38		-0.04	0.07	-0.36	-0.28	0.46	0.49	-0.17	0.44	0.45	-0.4	0.06	-0.32	0.45	0.32
Total Liab	0.47	0.72	0.34	0.33	0.48	-0.25	0.18	-0.1	-0.1	-0.13	0.16	-0.04		-0.11	0.73	0.17	0.49	0.47	-0.77	0.49	-0.18	-0.16	-0.42	0.4	-0.06	0.41
Total Current Assets	0.14	0.03	-0.21	0.17	-0.79	-0.09	-0.15	0.98	0.98	0.6	-0.11	0.07	-0.11		0.07	-0.36	0.03	0.05	-0.17	0.03	0.07	0.12	0.1	0.09	-0.02	-0.03
Short Term Debt	-0.12	0.98	0.76	-0.27	0.52	-0.78	0.67	0.12	0.12	-0.18	0.64	-0.36	0.73	0.07		0.41	-0.14	-0.16	-0.79	-0.14	-0.65	-0.11	-0.64	0.81	-0.56	-0.02
Other Current Liab	-0.52	0.4	0.83	-0.59	0.6	-0.5	0.86	-0.31	-0.31	-0.45	0.78	-0.28	0.17	-0.36	0.41		-0.5	-0.5	-0.18	-0.5	-0.57	-0.04	-0.73	0.65	-0.53	-0.4
Property Plant And Equipment Net	0.99	-0.18	-0.59	0.98	-0.14	0.63	-0.69	-0.03	-0.03	0.31	-0.66	0.46	0.49	0.03	-0.14	-0.5		1.0	-0.27	1.0	0.66	-0.16	0.17	-0.51	0.71	0.72
Non Current Assets Total	1.0	-0.2	-0.6	0.98	-0.16	0.63	-0.69	-0.02	-0.02	0.34	-0.66	0.49	0.47	0.05	-0.16	-0.5	1.0		-0.27	1.0	0.66	-0.17	0.17	-0.51	0.71	0.69
Short Term Investments	-0.31	-0.72	-0.44	-0.18	-0.35	0.55	-0.37	-0.14	-0.14	-0.21	-0.32	-0.17	-0.77	-0.17	-0.79	-0.18	-0.27	-0.27		-0.25	0.37	0.31	0.63	-0.53	0.28	-0.22
Non Current Liabilities Total	0.99	-0.18	-0.59	0.97	-0.14	0.64	-0.69	-0.02	-0.03	0.29	-0.67	0.44	0.49	0.03	-0.14	-0.5	1.0	1.0	-0.25		0.66	-0.15	0.17	-0.52	0.71	0.72
Net Tangible Assets	0.64	-0.65	-0.84	0.73	-0.47	0.89	-0.85	0.03	0.02	0.22	-0.82	0.45	-0.18	0.07	-0.65	-0.57	0.66	0.66	0.37	0.66		0.07	0.52	-0.81	0.99	0.69
Other Current Assets	-0.17	-0.07	0.01	-0.16	-0.18	0.01	-0.03	0.18	0.18	-0.34	0.14	-0.4	-0.16	0.12	-0.11	-0.04	-0.16	-0.17	0.31	-0.15	0.07		0.18	0.02	0.06	0.0
Deferred Long Term Liab	0.15	-0.59	-0.77	0.25	-0.56	0.56	-0.76	0.09	0.09	0.11	-0.7	0.06	-0.42	0.1	-0.64	-0.73	0.17	0.17	0.63	0.17	0.52	0.18		-0.69	0.46	0.11
Common Stock	-0.48	0.79	0.86	-0.58	0.42	-0.87	0.87	0.12	0.13	-0.14	0.89	-0.32	0.4	0.09	0.81	0.65	-0.51	-0.51	-0.53	-0.52	-0.81	0.02	-0.69		-0.77	-0.41
Property Plant Equipment	0.68	-0.56	-0.78	0.75	-0.35	0.85	-0.81	-0.06	-0.06	0.17	-0.79	0.45	-0.06	-0.02	-0.56	-0.53	0.71	0.71	0.28	0.71	0.99	0.06	0.46	-0.77		0.75
Non Currrent Assets Other	0.68	0.03	-0.37	0.66	0.0	0.44	-0.53	-0.02	-0.03	-0.01	-0.51	0.32	0.41	-0.03	-0.02	-0.4	0.72	0.69	-0.22	0.72	0.69	0.0	0.11	-0.41	0.75

Click cells to compare fundamentals

Monarca Minerals Account Relationship Matchups

Monarca Minerals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.2M	721.5K	99.0K	32.4K	29.2K	27.7K
Total Current Liabilities	2.6M	2.9M	3.4M	4.3M	4.9M	5.2M
Total Stockholder Equity	(483.2K)	(2.2M)	(3.3M)	(4.2M)	(3.8M)	(3.6M)
Net Debt	(516.0K)	755.0K	1.2M	1.3M	1.5M	1.6M
Retained Earnings	(30.1M)	(32.8M)	(33.6M)	(33.5M)	(30.1M)	(28.6M)
Accounts Payable	1.4M	1.5M	1.7M	2.2M	2.5M	2.7M
Cash	1.8M	498.7K	29.3K	7.1K	6.4K	6.1K
Cash And Short Term Investments	1.8M	523.7K	39.3K	8.1K	7.3K	6.9K
Net Receivables	191.3K	155.1K	13.1K	5.1K	5.9K	5.6K
Common Stock Shares Outstanding	49.7M	67.9M	120.2M	126.6M	145.5M	152.8M
Liabilities And Stockholders Equity	2.2M	721.5K	99.0K	32.4K	29.2K	27.7K
Other Stockholder Equity	1.2M	1.6M	1.0	1.4M	1.3M	1.2M
Total Liab	2.6M	2.9M	3.4M	4.3M	4.9M	2.8M
Total Current Assets	2.0M	710.3K	88.4K	23.3K	20.9K	19.9K
Accumulated Other Comprehensive Income	1.6M	1.7M	1.4M	367.3K	422.4K	401.3K
Other Current Liab	14.6K	212.7K	454.0K	3.0M	3.4M	3.6M
Property Plant And Equipment Net	12.0K	6.9K	6.6K	9.2K	8.3K	7.8K
Non Current Assets Total	146.4K	11.2K	10.6K	9.2K	8.3K	7.8K
Net Tangible Assets	(3.1M)	(488.0K)	(2.2M)	(3.3M)	(3.0M)	(2.8M)
Other Current Assets	(700.0)	31.5K	36.0K	10.0K	9.0K	16.9K
Property Plant Equipment	7.6K	7.2K	6.9K	10.6K	9.5K	9.0K
Non Currrent Assets Other	(357.0)	13.0K	134.4K	(3.1K)	(2.8K)	(2.7K)
Net Invested Capital	770.5K	(949.5K)	(2.1M)	(2.9M)	(2.6M)	(2.5M)
Net Working Capital	(630.3K)	(2.2M)	(3.3M)	(4.3M)	(3.8M)	(3.6M)

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 Monarca Stock Analysis

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