Sandfire Net Income vs Cost Of Revenue 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 Net Income and its Cost Of Revenue 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.

Net Income vs Cost Of Revenue

Net Income vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sandfire Resources Net Income account and Cost Of Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Sandfire Resources' Net Income and Cost Of Revenue is -0.29. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Cost Of Revenue 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' Net Income and Cost Of Revenue 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 of Sandfire Resources NL are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Net Income i.e., Sandfire Resources' Net Income and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

-0.29

Relationship Direction	Negative
Relationship Strength	Insignificant

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Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Sandfire Resources financial statement analysis. It represents the amount of money remaining after all of Sandfire Resources NL operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Cost Of Revenue

Cost of Revenue is found on Sandfire Resources income statement and represents the costs associated with goods and services Sandfire Resources provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

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

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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

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