NioCorp Roe vs Earnings Yield Analysis

NB Stock

1.36 0.03 2.16%

NioCorp Developments financial indicator trend analysis is infinitely more than just investigating NioCorp Developments recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NioCorp Developments is a good investment. Please check the relationship between NioCorp Developments Roe and its Earnings Yield accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NioCorp Developments Ltd. 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 labor statistics.

Roe vs Earnings Yield

Roe vs Earnings Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NioCorp Developments Roe account and Earnings Yield. At this time, the significance of the direction appears to have very week relationship.

The correlation between NioCorp Developments' Roe and Earnings Yield is 0.29. Overlapping area represents the amount of variation of Roe that can explain the historical movement of Earnings Yield in the same time period over historical financial statements of NioCorp Developments Ltd, assuming nothing else is changed. The correlation between historical values of NioCorp Developments' Roe and Earnings Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roe of NioCorp Developments Ltd are associated (or correlated) with its Earnings Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Earnings Yield has no effect on the direction of Roe i.e., NioCorp Developments' Roe and Earnings Yield go up and down completely randomly.

Correlation Coefficient

0.29

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Roe

Earnings Yield

The inverse of the price-to-earnings ratio, representing the percentage of each dollar invested in the stock that was earned by the company.

Most indicators from NioCorp Developments' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NioCorp Developments 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 NioCorp Developments Ltd. 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 labor statistics.

The current year's Tax Provision is expected to grow to about (132.1 K). In addition to that, Selling General Administrative is expected to decline to about 3.1 M

NioCorp Developments fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Long Term Debt	Common Stock Shares Outstanding	Non Current Liabilities Total	Total Liab	Net Invested Capital	Long Term Investments	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital	Short Long Term Debt Total	Other Current Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Accounts Payable	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments
Total Assets		0.08	0.12	0.18	-0.68	0.92	0.98	0.9	0.67	0.56	0.59	0.52	0.75	0.57	0.97	0.86	0.51	0.73	0.44	0.02	0.98	-0.98	-0.66	-0.4	-0.4	0.91
Total Current Liabilities	0.08		-0.13	0.25	-0.47	-0.12	0.19	0.31	0.65	-0.17	0.13	-0.1	-0.37	0.59	-0.07	0.45	-0.69	-0.03	0.73	-0.43	0.19	-0.2	-0.08	-0.54	-0.54	-0.12
Total Stockholder Equity	0.12	-0.13		-0.89	0.47	0.42	-0.02	-0.13	-0.35	-0.68	-0.72	0.89	0.35	-0.57	0.29	-0.21	0.39	-0.39	-0.24	0.91	-0.03	0.02	-0.78	0.22	0.22	0.43
Net Debt	0.18	0.25	-0.89		-0.57	-0.09	0.28	0.3	0.49	0.77	0.85	-0.62	0.0	0.77	0.03	0.41	-0.24	0.69	0.34	-0.82	0.28	-0.28	0.46	-0.28	-0.28	-0.1
Retained Earnings	-0.68	-0.47	0.47	-0.57		-0.38	-0.79	-0.91	-0.93	-0.64	-0.78	0.14	-0.12	-0.83	-0.5	-0.9	0.18	-0.64	-0.85	0.67	-0.82	0.81	0.09	0.81	0.81	-0.35
Cash	0.92	-0.12	0.42	-0.09	-0.38		0.84	0.69	0.36	0.32	0.29	0.78	0.9	0.25	0.99	0.61	0.67	0.61	0.22	0.36	0.83	-0.83	-0.85	-0.22	-0.22	1.0
Non Current Assets Total	0.98	0.19	-0.02	0.28	-0.79	0.84		0.96	0.78	0.62	0.68	0.38	0.63	0.68	0.91	0.94	0.4	0.74	0.54	-0.14	1.0	-1.0	-0.55	-0.48	-0.48	0.83
Long Term Debt	0.9	0.31	-0.13	0.3	-0.91	0.69	0.96		0.88	0.58	0.68	0.23	0.41	0.72	0.78	0.96	0.17	0.64	0.71	-0.32	0.97	-0.97	-0.42	-0.66	-0.66	0.67
Common Stock Shares Outstanding	0.67	0.65	-0.35	0.49	-0.93	0.36	0.78	0.88		0.51	0.71	-0.06	0.05	0.88	0.48	0.95	-0.19	0.54	0.84	-0.59	0.79	-0.79	-0.18	-0.69	-0.69	0.35
Non Current Liabilities Total	0.56	-0.17	-0.68	0.77	-0.64	0.32	0.62	0.58	0.51		0.95	-0.33	0.37	0.68	0.45	0.6	0.31	0.83	0.18	-0.54	0.61	-0.61	0.21	-0.18	-0.18	0.32
Total Liab	0.59	0.13	-0.72	0.85	-0.78	0.29	0.68	0.68	0.71	0.95		-0.36	0.27	0.86	0.43	0.74	0.11	0.82	0.4	-0.67	0.68	-0.67	0.18	-0.34	-0.34	0.29
Net Invested Capital	0.52	-0.1	0.89	-0.62	0.14	0.78	0.38	0.23	-0.06	-0.33	-0.36		0.69	-0.25	0.67	0.15	0.56	0.05	-0.04	0.79	0.37	-0.38	-0.97	0.03	0.03	0.78
Long Term Investments	0.75	-0.37	0.35	0.0	-0.12	0.9	0.63	0.41	0.05	0.37	0.27	0.69		0.13	0.87	0.34	0.8	0.62	-0.12	0.45	0.61	-0.62	-0.69	0.08	0.08	0.91
Short Long Term Debt	0.57	0.59	-0.57	0.77	-0.83	0.25	0.68	0.72	0.88	0.68	0.86	-0.25	0.13		0.38	0.84	-0.15	0.65	0.61	-0.65	0.68	-0.68	0.03	-0.45	-0.45	0.25
Total Current Assets	0.97	-0.07	0.29	0.03	-0.5	0.99	0.91	0.78	0.48	0.45	0.43	0.67	0.87	0.38		0.72	0.65	0.68	0.28	0.23	0.9	-0.9	-0.77	-0.27	-0.27	0.98
Capital Stock	0.86	0.45	-0.21	0.41	-0.9	0.61	0.94	0.96	0.95	0.6	0.74	0.15	0.34	0.84	0.72		0.12	0.65	0.7	-0.38	0.93	-0.94	-0.36	-0.58	-0.58	0.6
Net Working Capital	0.51	-0.69	0.39	-0.24	0.18	0.67	0.4	0.17	-0.19	0.31	0.11	0.56	0.8	-0.15	0.65	0.12		0.32	-0.52	0.61	0.36	-0.36	-0.47	0.49	0.49	0.7
Short Long Term Debt Total	0.73	-0.03	-0.39	0.69	-0.64	0.61	0.74	0.64	0.54	0.83	0.82	0.05	0.62	0.65	0.68	0.65	0.32		0.38	-0.39	0.74	-0.74	-0.21	-0.36	-0.36	0.6
Other Current Liab	0.44	0.73	-0.24	0.34	-0.85	0.22	0.54	0.71	0.84	0.18	0.4	-0.04	-0.12	0.61	0.28	0.7	-0.52	0.38		-0.6	0.58	-0.58	-0.2	-0.95	-0.95	0.18
Net Tangible Assets	0.02	-0.43	0.91	-0.82	0.67	0.36	-0.14	-0.32	-0.59	-0.54	-0.67	0.79	0.45	-0.65	0.23	-0.38	0.61	-0.39	-0.6		-0.17	0.16	-0.61	0.57	0.57	0.38
Property Plant And Equipment Net	0.98	0.19	-0.03	0.28	-0.82	0.83	1.0	0.97	0.79	0.61	0.68	0.37	0.61	0.68	0.9	0.93	0.36	0.74	0.58	-0.17		-1.0	-0.55	-0.54	-0.54	0.82
Current Deferred Revenue	-0.98	-0.2	0.02	-0.28	0.81	-0.83	-1.0	-0.97	-0.79	-0.61	-0.67	-0.38	-0.62	-0.68	-0.9	-0.94	-0.36	-0.74	-0.58	0.16	-1.0		0.55	0.53	0.53	-0.82
Accounts Payable	-0.66	-0.08	-0.78	0.46	0.09	-0.85	-0.55	-0.42	-0.18	0.21	0.18	-0.97	-0.69	0.03	-0.77	-0.36	-0.47	-0.21	-0.2	-0.61	-0.55	0.55		0.17	0.17	-0.85
Non Currrent Assets Other	-0.4	-0.54	0.22	-0.28	0.81	-0.22	-0.48	-0.66	-0.69	-0.18	-0.34	0.03	0.08	-0.45	-0.27	-0.58	0.49	-0.36	-0.95	0.57	-0.54	0.53	0.17		1.0	-0.18
Other Assets	-0.4	-0.54	0.22	-0.28	0.81	-0.22	-0.48	-0.66	-0.69	-0.18	-0.34	0.03	0.08	-0.45	-0.27	-0.58	0.49	-0.36	-0.95	0.57	-0.54	0.53	0.17	1.0		-0.18
Cash And Short Term Investments	0.91	-0.12	0.43	-0.1	-0.35	1.0	0.83	0.67	0.35	0.32	0.29	0.78	0.91	0.25	0.98	0.6	0.7	0.6	0.18	0.38	0.82	-0.82	-0.85	-0.18	-0.18

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NioCorp Developments Account Relationship Matchups

NioCorp Developments fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.0M	24.5M	22.8M	20.9M	20.1M	20.2M
Total Current Liabilities	8.0M	3.9M	5.1M	3.6M	12.0M	6.9M
Total Stockholder Equity	2.6M	13.2M	17.7M	(11.0M)	1M	950K
Net Debt	5.0M	3.5M	(1.0M)	8.5M	5.8M	4.5M
Retained Earnings	(94.7M)	(99.5M)	(110.4M)	(150.5M)	(161.9M)	(170.0M)
Cash	307K	7.3M	5.3M	2.3M	2.0M	3.2M
Non Current Assets Total	10.7M	17.1M	17.1M	17.2M	17.1M	16.5M
Common Stock Shares Outstanding	23.5M	24.2M	26.4M	28.7M	34.3M	29.4M
Non Current Liabilities Total	344K	7.3M	23K	26.2M	5.6M	7.4M
Total Liab	8.4M	11.3M	5.1M	29.8M	17.5M	14.3M
Net Invested Capital	7.9M	23.9M	21.8M	(406K)	8.7M	9.3M
Long Term Investments	7K	16K	10K	9K	4K	6.8K
Short Long Term Debt	4.9M	3.4M	2.8M	7.7M	8.8M	4.6M
Total Current Assets	338K	7.3M	5.7M	3.7M	2.9M	3.7M
Capital Stock	84.5M	113.9M	129.1M	140.4M	163.8M	131.0M
Net Working Capital	(7.7M)	3.4M	2.0M	164K	(9.0M)	(8.6M)

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NioCorp Developments Ltd. 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 labor statistics.

You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NioCorp Developments. If investors know NioCorp will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NioCorp Developments listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.27)

Return On Assets

(0.42)

Return On Equity

(7.72)

The market value of NioCorp Developments is measured differently than its book value, which is the value of NioCorp that is recorded on the company's balance sheet. Investors also form their own opinion of NioCorp Developments' value that differs from its market value or its book value, called intrinsic value, which is NioCorp Developments' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NioCorp Developments' market value can be influenced by many factors that don't directly affect NioCorp Developments' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between NioCorp Developments' value and its price as these two are different measures arrived at by different means. Investors typically determine if NioCorp Developments is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NioCorp Developments' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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NioCorp Roe vs Earnings Yield Analysis

Roe vs Earnings Yield

Roe vs Earnings Yield Correlation Analysis

Correlation Coefficient

Roe

Earnings Yield

NioCorp Developments fundamental ratios Correlations

NioCorp Developments Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NioCorp Developments fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 1.0	Non Current Assets Total
Other Assets	+ 1.0	Non Currrent Assets Other
Total Current Assets	+ 0.99	Cash
Non Current Assets Total	+ 0.98	Total Assets
Property Plant And Equipment Net	+ 0.98	Total Assets

Current Deferred Revenue	- 1.0	Property Plant And Equipment Net
Current Deferred Revenue	- 1.0	Non Current Assets Total
Current Deferred Revenue	- 0.98	Total Assets
Accounts Payable	- 0.97	Net Invested Capital
Current Deferred Revenue	- 0.97	Long Term Debt
Other Assets	- 0.95	Other Current Liab