Sandfire Gross Profit vs Minority Interest Analysis

SFR Stock

10.37 0.03 0.29%

Sandfire Resources financial indicator trend analysis is much more than just breaking down Sandfire Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sandfire Resources is a good investment. Please check the relationship between Sandfire Resources Gross Profit and its Minority Interest accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sandfire Resources NL. 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.

Gross Profit vs Minority Interest

Gross Profit vs Minority Interest Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sandfire Resources Gross Profit account and Minority Interest. At this time, the significance of the direction appears to have weak relationship.

The correlation between Sandfire Resources' Gross Profit and Minority Interest is 0.34. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Sandfire Resources NL, assuming nothing else is changed. The correlation between historical values of Sandfire Resources' Gross Profit and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Sandfire Resources NL are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Gross Profit i.e., Sandfire Resources' Gross Profit and Minority Interest go up and down completely randomly.

Correlation Coefficient

0.34

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Sandfire Resources NL minus its cost of goods sold. It is profit before Sandfire Resources operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Sandfire Resources NL whose combined shares represent less than 50% of the total outstanding shares issued by Sandfire Resources have a minority interest in Sandfire Resources.

Most indicators from Sandfire Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sandfire 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sandfire Resources NL. 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, Sandfire Resources' Selling General Administrative is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 230.1 M in 2024, whereas Tax Provision is likely to drop slightly above 8 M in 2024.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	992.8M	1.2B	1.4B	1.4B
Total Revenue	1.4B	1.2B	921.6M	583.7M

Other Operating Expenses Total Revenue

Sandfire Resources fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Property Plant Equipment	Non Currrent Assets Other	Inventory	Other Current Assets	Short Long Term Debt Total	Other Liab
Total Assets		0.5	0.69	0.99	0.99	0.73	0.84	0.97	0.43	1.0	0.62	0.43	0.98	0.76	0.62	0.08	0.99	1.0	0.58	0.99	0.99	0.43	0.7	-0.53	0.89	0.99
Other Current Liab	0.5		0.91	0.45	0.44	0.34	0.47	0.55	0.73	0.45	-0.07	0.73	0.6	0.29	-0.07	0.01	0.55	0.51	0.75	0.41	0.41	0.47	0.43	-0.94	0.68	0.44
Total Current Liabilities	0.69	0.91		0.63	0.64	0.57	0.58	0.76	0.7	0.65	-0.03	0.7	0.75	0.44	0.01	0.0	0.73	0.69	0.79	0.61	0.6	0.53	0.66	-0.94	0.87	0.6
Total Stockholder Equity	0.99	0.45	0.63		0.98	0.65	0.89	0.96	0.46	0.98	0.63	0.46	0.97	0.8	0.62	0.02	0.96	0.98	0.6	0.99	0.97	0.47	0.74	-0.47	0.83	0.98
Property Plant And Equipment Net	0.99	0.44	0.64	0.98		0.79	0.78	0.95	0.32	1.0	0.66	0.32	0.97	0.71	0.65	0.16	0.99	0.99	0.47	1.0	1.0	0.34	0.65	-0.5	0.89	0.99
Net Debt	0.73	0.34	0.57	0.65	0.79		0.26	0.72	-0.1	0.77	0.38	-0.1	0.73	0.28	0.39	0.51	0.8	0.71	0.08	0.74	0.76	0.06	0.35	-0.53	0.87	0.74
Retained Earnings	0.84	0.47	0.58	0.89	0.78	0.26		0.82	0.71	0.8	0.46	0.71	0.82	0.83	0.45	-0.26	0.76	0.83	0.8	0.81	0.78	0.65	0.82	-0.41	0.6	0.8
Accounts Payable	0.97	0.55	0.76	0.96	0.95	0.72	0.82		0.49	0.96	0.49	0.49	0.97	0.77	0.51	0.06	0.97	0.97	0.64	0.96	0.94	0.51	0.77	-0.6	0.92	0.94
Cash	0.43	0.73	0.7	0.46	0.32	-0.1	0.71	0.49		0.35	-0.09	1.0	0.46	0.55	-0.07	-0.54	0.39	0.45	0.97	0.35	0.31	0.67	0.63	-0.58	0.41	0.33
Non Current Assets Total	1.0	0.45	0.65	0.98	1.0	0.77	0.8	0.96	0.35		0.64	0.35	0.98	0.73	0.64	0.14	0.99	0.99	0.5	1.0	0.99	0.38	0.67	-0.51	0.89	0.99
Other Assets	0.62	-0.07	-0.03	0.63	0.66	0.38	0.46	0.49	-0.09	0.64		-0.09	0.56	0.55	0.97	0.12	0.6	0.64	-0.04	0.67	0.72	-0.14	0.08	0.16	0.32	0.7
Cash And Short Term Investments	0.43	0.73	0.7	0.46	0.32	-0.1	0.71	0.49	1.0	0.35	-0.09		0.46	0.55	-0.07	-0.54	0.39	0.45	0.97	0.35	0.31	0.67	0.63	-0.58	0.41	0.33
Net Receivables	0.98	0.6	0.75	0.97	0.97	0.73	0.82	0.97	0.46	0.98	0.56	0.46		0.74	0.56	0.13	0.98	0.98	0.61	0.97	0.97	0.49	0.71	-0.63	0.91	0.97
Common Stock Total Equity	0.76	0.29	0.44	0.8	0.71	0.28	0.83	0.77	0.55	0.73	0.55	0.55	0.74		0.54	-0.22	0.7	0.76	0.63	0.76	0.75	0.57	0.73	-0.19	0.55	0.73
Common Stock Shares Outstanding	0.62	-0.07	0.01	0.62	0.65	0.39	0.45	0.51	-0.07	0.64	0.97	-0.07	0.56	0.54		0.1	0.6	0.63	0.0	0.67	0.71	-0.13	0.13	0.14	0.33	0.69
Other Stockholder Equity	0.08	0.01	0.0	0.02	0.16	0.51	-0.26	0.06	-0.54	0.14	0.12	-0.54	0.13	-0.22	0.1		0.14	0.02	-0.43	0.1	0.15	-0.1	-0.16	-0.17	0.2	0.15
Total Liab	0.99	0.55	0.73	0.96	0.99	0.8	0.76	0.97	0.39	0.99	0.6	0.39	0.98	0.7	0.6	0.14		0.99	0.54	0.98	0.98	0.37	0.65	-0.59	0.93	0.98
Property Plant And Equipment Gross	1.0	0.51	0.69	0.98	0.99	0.71	0.83	0.97	0.45	0.99	0.64	0.45	0.98	0.76	0.63	0.02	0.99		0.58	0.99	0.98	0.39	0.68	-0.53	0.88	0.98
Total Current Assets	0.58	0.75	0.79	0.6	0.47	0.08	0.8	0.64	0.97	0.5	-0.04	0.97	0.61	0.63	0.0	-0.43	0.54	0.58		0.5	0.45	0.74	0.78	-0.65	0.56	0.48
Common Stock	0.99	0.41	0.61	0.99	1.0	0.74	0.81	0.96	0.35	1.0	0.67	0.35	0.97	0.76	0.67	0.1	0.98	0.99	0.5		0.99	0.38	0.67	-0.45	0.86	0.99
Property Plant Equipment	0.99	0.41	0.6	0.97	1.0	0.76	0.78	0.94	0.31	0.99	0.72	0.31	0.97	0.75	0.71	0.15	0.98	0.98	0.45	0.99		0.32	0.62	-0.45	0.85	1.0
Non Currrent Assets Other	0.43	0.47	0.53	0.47	0.34	0.06	0.65	0.51	0.67	0.38	-0.14	0.67	0.49	0.57	-0.13	-0.1	0.37	0.39	0.74	0.38	0.32		0.74	-0.44	0.39	0.34
Inventory	0.7	0.43	0.66	0.74	0.65	0.35	0.82	0.77	0.63	0.67	0.08	0.63	0.71	0.73	0.13	-0.16	0.65	0.68	0.78	0.67	0.62	0.74		-0.48	0.63	0.63
Other Current Assets	-0.53	-0.94	-0.94	-0.47	-0.5	-0.53	-0.41	-0.6	-0.58	-0.51	0.16	-0.58	-0.63	-0.19	0.14	-0.17	-0.59	-0.53	-0.65	-0.45	-0.45	-0.44	-0.48		-0.78	-0.47
Short Long Term Debt Total	0.89	0.68	0.87	0.83	0.89	0.87	0.6	0.92	0.41	0.89	0.32	0.41	0.91	0.55	0.33	0.2	0.93	0.88	0.56	0.86	0.85	0.39	0.63	-0.78		0.85
Other Liab	0.99	0.44	0.6	0.98	0.99	0.74	0.8	0.94	0.33	0.99	0.7	0.33	0.97	0.73	0.69	0.15	0.98	0.98	0.48	0.99	1.0	0.34	0.63	-0.47	0.85

Click cells to compare fundamentals

Sandfire Resources Account Relationship Matchups

Sandfire Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	913.9M	1.2B	4.9B	4.7B	4.6B	4.9B
Other Current Liab	10.3M	37.1M	351.8M	21.2M	20.6M	29.6M
Total Current Liabilities	72.2M	187.4M	961.8M	424.3M	227.6M	139.9M
Total Stockholder Equity	749.0M	907.8M	2.4B	2.6B	2.5B	2.6B
Property Plant And Equipment Net	288.1M	348.3M	3.8B	4.0B	4.0B	4.2B
Net Debt	(278.7M)	(561.7M)	510.2M	683.0M	399.2M	419.2M
Retained Earnings	394.6M	558.7M	710.4M	633.7M	602.2M	632.3M
Accounts Payable	55.0M	54.6M	185.9M	169.8M	144.3M	151.5M
Cash	291.1M	574.5M	673.4M	213.2M	183.3M	161.2M
Non Current Assets Total	520.8M	532.9M	4.0B	4.3B	4.1B	4.3B
Cash And Short Term Investments	291.1M	574.5M	673.4M	213.2M	183.3M	161.2M
Net Receivables	22.6M	15.0M	100.5M	78.4M	77.1M	81.0M
Liabilities And Stockholders Equity	913.9M	1.2B	4.9B	4.7B	4.6B	4.9B
Other Stockholder Equity	0.37	(965.4M)	1.0	(1.0)	101.8K	106.9K
Total Liab	163.7M	278.7M	2.5B	2.1B	2.1B	2.2B
Property Plant And Equipment Gross	458.6M	1.2B	3.7B	3.3B	3.5B	3.7B
Total Current Assets	393.1M	656.8M	888.1M	455.1M	328.4M	221.3M
Accumulated Other Comprehensive Income	(8.6M)	(56.4M)	(18.6M)	(11.9M)	(82.1M)	(78.0M)
Common Stock	363.1M	405.5M	1.7B	2.0B	2.0B	2.1B
Property Plant Equipment	458.6M	414.4M	2.7B	2.7B	3.1B	3.3B
Non Currrent Assets Other	170.5M	65.9M	131.9M	112.1M	26.4M	37.6M
Inventory	53.7M	53.9M	74.8M	93.9M	57.6M	34.9M
Other Current Assets	25.7M	26.8M	(214.6M)	(51.2M)	10.4M	10.9M
Short Long Term Debt Total	12.5M	12.8M	1.2B	896.3M	582.6M	611.7M
Other Liab	69.1M	58.4M	566.0M	549.2M	631.6M	663.2M
Current Deferred Revenue	833K	(12.3M)	32.6M	57.3M	3.1M	0.95
Long Term Debt	239K	355K	433.9M	497.9M	510.7M	536.3M
Non Current Liabilities Total	91.5M	91.3M	1.5B	1.7B	1.1B	1.2B
Short Term Debt	6.9M	8.2M	366.8M	88.4M	62.7M	63.9M
Net Tangible Assets	749.0M	907.0M	1.7B	1.7B	2.0B	2.1B
Long Term Investments	42.0M	86.7M	4.3M	4.9M	2.2M	2.1M
Long Term Debt Total	2.4M	1.8M	447.1M	508.2M	584.4M	613.7M
Capital Lease Obligations	12.5M	12.8M	31.6M	26.3M	22.3M	13.1M
Short Term Investments	13.1M	21.8M	1.9M	2.4M	1.1M	1.0M
Net Invested Capital	749.0M	907.0M	2.4B	2.3B	2.2B	1.4B
Net Working Capital	320.9M	468.8M	(50.7M)	20.5M	100.8M	143.8M
Capital Stock	249.5M	272.8M	1.2B	1.3B	1.3B	830.1M

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 Sandfire Stock Analysis

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