New Net Income From Continuing Ops vs Income Before Tax Analysis

NAM Stock  CAD 0.10  0.01  9.09%   
New Age financial indicator trend analysis is infinitely more than just investigating New Age Metals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Age Metals is a good investment. Please check the relationship between New Age Net Income From Continuing Ops and its Income Before Tax accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Age Metals. 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.

Net Income From Continuing Ops vs Income Before Tax

Net Income From Continuing Ops vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Age Metals Net Income From Continuing Ops account and Income Before Tax. At this time, the significance of the direction appears to have almost identical trend.
The correlation between New Age's Net Income From Continuing Ops and Income Before Tax is 0.92. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of New Age Metals, assuming nothing else is changed. The correlation between historical values of New Age's Net Income From Continuing Ops and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income From Continuing Ops of New Age Metals are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Net Income From Continuing Ops i.e., New Age's Net Income From Continuing Ops and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.92
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Income From Continuing Ops

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on New Age income statement and is an important metric when analyzing New Age Metals profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Most indicators from New Age's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Age Metals 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 New Age Metals. 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, New Age's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 10.7 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
 2021 2022 2023 2024 (projected)
Other Operating Expenses1.4M869.0K782.1K1.1M
Depreciation And Amortization38.6K57.9K66.6K34.6K

New Age fundamental ratios Correlations

0.430.990.85-0.71-0.180.360.630.850.430.730.640.49-0.23-0.05-0.190.790.330.340.420.20.880.39-0.24-0.240.73
0.430.380.6-0.41-0.340.990.10.580.580.220.750.01-0.38-0.060.550.370.13-0.070.20.150.620.53-0.93-0.930.66
0.990.380.85-0.69-0.190.30.640.840.440.730.590.51-0.26-0.06-0.290.780.310.370.410.230.870.42-0.2-0.20.68
0.850.60.85-0.37-0.160.560.211.00.370.330.750.27-0.090.13-0.040.440.080.420.060.290.830.31-0.52-0.520.57
-0.71-0.41-0.69-0.370.25-0.33-0.95-0.36-0.59-0.97-0.48-0.550.530.350.0-0.99-0.520.12-0.790.04-0.74-0.570.290.29-0.71
-0.18-0.34-0.19-0.160.25-0.32-0.17-0.14-0.67-0.18-0.38-0.560.64-0.040.03-0.240.410.38-0.36-0.8-0.04-0.590.250.25-0.53
0.360.990.30.56-0.33-0.320.010.550.560.120.76-0.01-0.36-0.090.580.280.01-0.150.120.110.580.51-0.94-0.940.64
0.630.10.640.21-0.95-0.170.010.20.460.980.260.62-0.46-0.36-0.210.950.53-0.090.78-0.070.590.450.010.010.54
0.850.580.841.0-0.36-0.140.550.20.340.320.730.25-0.060.15-0.050.430.080.440.050.280.830.29-0.51-0.510.55
0.430.580.440.37-0.59-0.670.560.460.340.470.570.69-0.89-0.58-0.030.55-0.07-0.460.50.270.530.91-0.48-0.480.76
0.730.220.730.33-0.97-0.180.120.980.320.470.330.57-0.45-0.3-0.170.990.570.010.78-0.020.670.47-0.07-0.070.62
0.640.750.590.75-0.48-0.380.760.260.730.570.330.46-0.34-0.090.390.48-0.07-0.180.130.150.760.46-0.69-0.690.81
0.490.010.510.27-0.55-0.56-0.010.620.250.690.570.46-0.66-0.46-0.320.57-0.1-0.390.410.240.390.590.090.090.62
-0.23-0.38-0.26-0.090.530.64-0.36-0.46-0.06-0.89-0.45-0.34-0.660.580.2-0.470.050.52-0.46-0.22-0.32-0.960.280.28-0.59
-0.05-0.06-0.060.130.35-0.04-0.09-0.360.15-0.58-0.3-0.09-0.460.580.08-0.29-0.140.53-0.30.48-0.24-0.520.00.0-0.32
-0.190.55-0.29-0.040.00.030.58-0.21-0.05-0.03-0.170.39-0.320.20.08-0.070.07-0.34-0.03-0.260.03-0.2-0.59-0.590.23
0.790.370.780.44-0.99-0.240.280.950.430.550.990.480.57-0.47-0.29-0.070.54-0.010.760.020.760.52-0.21-0.210.72
0.330.130.310.08-0.520.410.010.530.08-0.070.57-0.07-0.10.05-0.140.070.540.390.36-0.410.340.0-0.02-0.020.09
0.34-0.070.370.420.120.38-0.15-0.090.44-0.460.01-0.18-0.390.520.53-0.34-0.010.39-0.250.170.14-0.350.130.13-0.31
0.420.20.410.06-0.79-0.360.120.780.050.50.780.130.41-0.46-0.3-0.030.760.36-0.250.10.390.42-0.09-0.090.53
0.20.150.230.290.04-0.80.11-0.070.280.27-0.020.150.24-0.220.48-0.260.02-0.410.170.1-0.090.24-0.08-0.080.17
0.880.620.870.83-0.74-0.040.580.590.830.530.670.760.39-0.32-0.240.030.760.340.140.39-0.090.5-0.54-0.540.73
0.390.530.420.31-0.57-0.590.510.450.290.910.470.460.59-0.96-0.52-0.20.520.0-0.350.420.240.5-0.43-0.430.64
-0.24-0.93-0.2-0.520.290.25-0.940.01-0.51-0.48-0.07-0.690.090.280.0-0.59-0.21-0.020.13-0.09-0.08-0.54-0.431.0-0.46
-0.24-0.93-0.2-0.520.290.25-0.940.01-0.51-0.48-0.07-0.690.090.280.0-0.59-0.21-0.020.13-0.09-0.08-0.54-0.431.0-0.46
0.730.660.680.57-0.71-0.530.640.540.550.760.620.810.62-0.59-0.320.230.720.09-0.310.530.170.730.64-0.46-0.46
Click cells to compare fundamentals

New Age Account Relationship Matchups

New Age fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.7M12.9M15.1M14.6M15.4M9.4M
Total Current Liabilities101.5K337.4K283.2K289.0K1.8M1.9M
Total Stockholder Equity4.6M12.5M14.8M14.2M13.6M8.7M
Property Plant And Equipment Net2.7M3.3M6.9M9.2M9.7M10.2M
Net Debt(1.8M)(8.6M)(7.2M)(4.1M)(4.7M)(5.0M)
Retained Earnings(47.5M)(48.3M)(49.5M)(50.1M)(50.8M)(48.2M)
Accounts Payable46.0K45.6K222.4K118.1K1.6M1.7M
Cash1.8M8.6M7.2M4.3M2.3M2.7M
Non Current Assets Total2.7M3.3M6.9M9.2M9.7M10.2M
Cash And Short Term Investments1.9M8.9M7.3M4.5M4.0M3.2M
Net Receivables63.9K100.2K762.9K796.8K916.3K962.1K
Common Stock Shares Outstanding103.2M111.0M209.0M222.1M55.6M48.0M
Liabilities And Stockholders Equity4.7M12.9M15.1M14.6M16.8M9.1M
Other Stockholder Equity14.5M17.1M18.2M18.2M20.9M25.0M
Total Liab113.3K337.4K283.2K404.0K1.9M2.0M
Total Current Assets2.1M9.6M8.2M5.4M5.8M4.8M
Other Current Liab21.9K263.0K60.9K141.6K127.4K121.0K
Short Term Investments109.4K237.2K134.9K222.5K231.8K220.2K
Other Current Assets61.7K570.5K136.8K133.6K153.6K115.6K
Accumulated Other Comprehensive Income14.5M17.1M18.2M18.2M20.9M22.0M
Net Tangible Assets4.6M12.5M14.8M14.2M16.4M17.2M
Common Stock37.7M43.7M46.1M46.1M53.0M42.5M
Property Plant Equipment2.7M3.3M6.9M9.2M10.6M11.1M
Net Invested Capital4.6M12.5M14.8M14.2M13.6M9.5M
Net Working Capital2.0M9.2M7.9M5.1M4.0M4.6M
Capital Stock37.7M43.7M46.1M46.1M46.1M47.0M

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