Romios Change To Netincome vs Depreciation Analysis

RG Stock

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Romios Gold financial indicator trend analysis is much more than just breaking down Romios Gold Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Romios Gold Resources is a good investment. Please check the relationship between Romios Gold Change To Netincome and its Depreciation accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Romios Gold 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 board of governors.

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 Romios Gold Resources Change To Netincome account and Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Romios Gold's Change To Netincome and Depreciation is -0.2. 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 Romios Gold Resources, assuming nothing else is changed. The correlation between historical values of Romios Gold's 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 Romios Gold 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., Romios Gold's Change To Netincome and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.2

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Change To Netincome

Depreciation

Depreciation indicates how much of Romios Gold Resources value has been used up. For tax purposes Romios Gold can deduct the cost of the tangible assets it purchases as business expenses. However, Romios Gold 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 Romios Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Romios Gold 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Romios Gold 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 board of governors.

At this time, Romios Gold's Selling General Administrative is fairly stable compared to the past year. Tax Provision is expected to grow at the current pace this year, whereas Enterprise Value Over EBITDA is likely to drop (3.58) in 2024.

Romios Gold fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Property Plant And Equipment Net	Accounts Payable	Inventory	Other Current Assets	Net Tangible Assets	Property Plant Equipment
Total Assets		-0.31	-0.54	-0.52	1.0	-0.87	0.63	0.87	0.99	0.51	0.52	-0.17	-0.19	-0.21	0.82	-0.24	0.79	0.54	-0.35	0.06	0.99	0.12	-0.46	0.31	0.53	0.46
Short Long Term Debt Total	-0.31		0.23	0.5	-0.34	0.47	-0.4	-0.42	-0.26	-0.24	-0.43	-0.13	-0.05	0.54	-0.18	0.55	0.1	-0.52	0.99	0.2	-0.26	0.19	-0.1	0.26	-0.43	-0.57
Other Current Liab	-0.54	0.23		0.9	-0.58	0.39	-0.65	-0.37	-0.59	-0.56	0.16	-0.1	-0.18	0.57	-0.63	0.53	-0.02	0.09	0.34	0.36	-0.59	0.16	0.14	-0.05	-0.87	-0.82
Total Current Liabilities	-0.52	0.5	0.9		-0.57	0.36	-0.68	-0.33	-0.57	-0.59	0.17	-0.13	-0.15	0.71	-0.58	0.69	0.08	0.07	0.59	0.36	-0.56	0.36	0.02	0.02	-0.85	-0.93
Total Stockholder Equity	1.0	-0.34	-0.58	-0.57		-0.86	0.64	0.86	0.99	0.54	0.49	-0.16	-0.19	-0.25	0.83	-0.28	0.75	0.53	-0.39	0.05	0.99	0.09	-0.45	0.3	0.57	0.5
Net Debt	-0.87	0.47	0.39	0.36	-0.86		-0.53	-1.0	-0.81	-0.38	-0.8	0.11	0.19	0.2	-0.75	0.24	-0.7	-0.83	0.48	-0.07	-0.81	-0.37	0.47	-0.29	-0.49	-0.35
Retained Earnings	0.63	-0.4	-0.65	-0.68	0.64	-0.53		0.52	0.64	0.03	0.13	0.62	0.6	-0.85	0.55	-0.86	0.33	0.24	-0.44	-0.72	0.63	-0.02	0.23	-0.11	0.76	0.68
Cash	0.87	-0.42	-0.37	-0.33	0.86	-1.0	0.52		0.81	0.36	0.8	-0.11	-0.19	-0.17	0.75	-0.22	0.73	0.83	-0.43	0.08	0.81	0.39	-0.48	0.32	0.47	0.31
Non Current Assets Total	0.99	-0.26	-0.59	-0.57	0.99	-0.81	0.64	0.81		0.55	0.41	-0.17	-0.18	-0.23	0.82	-0.25	0.76	0.44	-0.31	0.05	1.0	0.05	-0.44	0.31	0.55	0.5
Non Currrent Assets Other	0.51	-0.24	-0.56	-0.59	0.54	-0.38	0.03	0.36	0.55		0.02	-0.66	-0.63	0.06	0.49	0.09	0.1	0.02	-0.31	0.46	0.55	-0.3	-0.45	0.24	0.46	0.57
Cash And Short Term Investments	0.52	-0.43	0.16	0.17	0.49	-0.8	0.13	0.8	0.41	0.02		-0.14	-0.27	0.13	0.36	0.07	0.61	0.99	-0.37	0.26	0.41	0.56	-0.44	0.25	0.04	-0.14
Net Receivables	-0.17	-0.13	-0.1	-0.13	-0.16	0.11	0.62	-0.11	-0.17	-0.66	-0.14		0.95	-0.75	-0.15	-0.77	-0.18	-0.04	-0.12	-0.92	-0.18	0.12	0.71	-0.38	0.31	0.19
Good Will	-0.19	-0.05	-0.18	-0.15	-0.19	0.19	0.6	-0.19	-0.18	-0.63	-0.27	0.95		-0.72	-0.14	-0.72	-0.21	-0.18	-0.04	-0.97	-0.19	-0.05	0.71	-0.41	0.3	0.2
Common Stock Shares Outstanding	-0.21	0.54	0.57	0.71	-0.25	0.2	-0.85	-0.17	-0.23	0.06	0.13	-0.75	-0.72		-0.21	0.99	0.19	0.0	0.58	0.84	-0.22	0.19	-0.54	0.41	-0.74	-0.77
Non Current Liabilities Total	0.82	-0.18	-0.63	-0.58	0.83	-0.75	0.55	0.75	0.82	0.49	0.36	-0.15	-0.14	-0.21		-0.24	0.56	0.38	-0.23	0.02	0.82	0.12	-0.52	0.43	0.56	0.43
Other Stockholder Equity	-0.24	0.55	0.53	0.69	-0.28	0.24	-0.86	-0.22	-0.25	0.09	0.07	-0.77	-0.72	0.99	-0.24		0.13	-0.07	0.58	0.83	-0.24	0.15	-0.52	0.33	-0.71	-0.72
Total Liab	0.79	0.1	-0.02	0.08	0.75	-0.7	0.33	0.73	0.76	0.1	0.61	-0.18	-0.21	0.19	0.56	0.13		0.59	0.11	0.22	0.76	0.37	-0.47	0.41	0.02	-0.13
Total Current Assets	0.54	-0.52	0.09	0.07	0.53	-0.83	0.24	0.83	0.44	0.02	0.99	-0.04	-0.18	0.0	0.38	-0.07	0.59		-0.46	0.14	0.44	0.54	-0.36	0.2	0.14	-0.04
Short Term Debt	-0.35	0.99	0.34	0.59	-0.39	0.48	-0.44	-0.43	-0.31	-0.31	-0.37	-0.12	-0.04	0.58	-0.23	0.58	0.11	-0.46		0.21	-0.31	0.19	-0.1	0.29	-0.51	-0.67
Common Stock	0.06	0.2	0.36	0.36	0.05	-0.07	-0.72	0.08	0.05	0.46	0.26	-0.92	-0.97	0.84	0.02	0.83	0.22	0.14	0.21		0.05	0.11	-0.68	0.45	-0.49	-0.41
Property Plant And Equipment Net	0.99	-0.26	-0.59	-0.56	0.99	-0.81	0.63	0.81	1.0	0.55	0.41	-0.18	-0.19	-0.22	0.82	-0.24	0.76	0.44	-0.31	0.05		0.05	-0.45	0.31	0.55	0.49
Accounts Payable	0.12	0.19	0.16	0.36	0.09	-0.37	-0.02	0.39	0.05	-0.3	0.56	0.12	-0.05	0.19	0.12	0.15	0.37	0.54	0.19	0.11	0.05		-0.26	0.24	-0.03	-0.35
Inventory	-0.46	-0.1	0.14	0.02	-0.45	0.47	0.23	-0.48	-0.44	-0.45	-0.44	0.71	0.71	-0.54	-0.52	-0.52	-0.47	-0.36	-0.1	-0.68	-0.45	-0.26		-0.68	0.09	0.19
Other Current Assets	0.31	0.26	-0.05	0.02	0.3	-0.29	-0.11	0.32	0.31	0.24	0.25	-0.38	-0.41	0.41	0.43	0.33	0.41	0.2	0.29	0.45	0.31	0.24	-0.68		-0.11	-0.29
Net Tangible Assets	0.53	-0.43	-0.87	-0.85	0.57	-0.49	0.76	0.47	0.55	0.46	0.04	0.31	0.3	-0.74	0.56	-0.71	0.02	0.14	-0.51	-0.49	0.55	-0.03	0.09	-0.11		0.88
Property Plant Equipment	0.46	-0.57	-0.82	-0.93	0.5	-0.35	0.68	0.31	0.5	0.57	-0.14	0.19	0.2	-0.77	0.43	-0.72	-0.13	-0.04	-0.67	-0.41	0.49	-0.35	0.19	-0.29	0.88

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Romios Gold Account Relationship Matchups

Romios Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.9M	3.9M	3.7M	1.4M	259.7K	246.7K
Other Current Liab	741.4K	1.0M	988.5K	830.3K	954.8K	523.9K
Total Current Liabilities	818.1K	1.1M	1.1M	1.1M	1.2M	1.3M
Total Stockholder Equity	2.1M	2.7M	2.5M	221.0K	(989.8K)	(940.3K)
Net Debt	(108.0K)	(871.2K)	(1.0M)	120.5K	108.4K	113.9K
Retained Earnings	(36.0M)	(36.4M)	(37.7M)	(40.4M)	(41.9M)	(39.8M)
Cash	159.9K	905.5K	1.1M	45.4K	30.5K	28.9K
Non Current Assets Total	2.3M	1.4M	689.3K	843.7K	94.5K	89.8K
Cash And Short Term Investments	647.7K	2.4M	2.8M	444.7K	511.4K	485.8K
Net Receivables	7.2K	16.1K	29.7K	22.9K	13.1K	12.4K
Common Stock Shares Outstanding	198.4M	209.1M	228.9M	239.3M	252.1M	264.7M
Liabilities And Stockholders Equity	2.9M	3.9M	3.7M	1.4M	1.6M	1.5M
Total Liab	852.4K	1.1M	1.1M	1.2M	1.2M	1.1M
Total Current Assets	669.5K	2.5M	3.0M	546.6K	165.2K	156.9K
Property Plant And Equipment Net	2.3M	1.4M	689.3K	843.7K	94.5K	89.8K
Accounts Payable	59.1K	61.5K	145.3K	173.1K	157.7K	127.7K
Other Current Assets	14.6K	16.3K	103.6K	79.0K	90.9K	46.8K
Net Tangible Assets	4.2M	2.1M	2.7M	2.5M	2.3M	3.0M
Property Plant Equipment	2.2M	2.3M	1.4M	689.3K	620.4K	589.4K
Net Invested Capital	2.1M	2.7M	2.5M	221.0K	(989.8K)	(940.3K)
Net Working Capital	(148.6K)	1.3M	1.8M	(515.0K)	(1.0M)	(990.2K)
Short Term Investments	487.8K	1.5M	1.8M	399.2K	46.9K	44.6K

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