Signature Operating Income vs Depreciation And Amortization Analysis

SGU Stock

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

Operating Income vs Depreciation And Amortization

Operating Income vs Depreciation And Amortization Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Signature Resources Operating Income account and Depreciation And Amortization. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Signature Resources' Operating Income and Depreciation And Amortization is -0.54. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Signature Resources, assuming nothing else is changed. The correlation between historical values of Signature Resources' Operating Income and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Signature Resources are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Operating Income i.e., Signature Resources' Operating Income and Depreciation And Amortization go up and down completely randomly.

Correlation Coefficient

-0.54

Relationship Direction	Negative
Relationship Strength	Very Weak

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Operating Income

Operating Income is the amount of profit realized from Signature Resources operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Signature Resources is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Most indicators from Signature Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Signature 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 Signature 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, Signature Resources' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 3.5 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 888.2 K in 2024.

Signature Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Non Currrent Assets Other	Common Stock Shares Outstanding	Short Term Investments	Other Liab	Net Tangible Assets	Accounts Payable	Non Current Liabilities Total	Common Stock	Property Plant Equipment	Other Current Assets	Net Invested Capital	Net Working Capital
Total Assets		0.47	0.99	1.0	-0.27	0.26	0.29	1.0	0.91	0.89	0.01	0.43	0.9	0.21	0.41	-0.05	0.79	0.08	0.46	0.52	0.05	0.05	0.35	0.14	0.94	0.62
Total Current Liabilities	0.47		0.33	0.49	-0.15	-0.23	0.28	0.49	0.14	0.22	0.26	0.91	0.18	0.56	0.71	0.19	0.38	0.23	0.31	0.7	0.22	0.32	0.4	0.41	0.2	-0.18
Total Stockholder Equity	0.99	0.33		0.98	-0.28	0.38	0.29	0.98	0.93	0.89	-0.11	0.28	0.9	0.13	0.28	-0.15	0.8	-0.03	0.5	0.43	-0.06	-0.08	0.36	0.01	0.98	0.67
Property Plant And Equipment Net	1.0	0.49	0.98		-0.27	0.27	0.31	1.0	0.89	0.88	-0.01	0.45	0.88	0.21	0.41	-0.06	0.8	0.07	0.48	0.53	0.03	0.03	0.37	0.13	0.93	0.6
Net Debt	-0.27	-0.15	-0.28	-0.27		-0.19	-0.95	-0.27	-0.2	-0.13	0.17	-0.02	-0.18	-0.08	-0.25	0.01	-0.52	0.26	-0.71	-0.27	0.25	0.11	-0.71	0.09	-0.21	-0.01
Retained Earnings	0.26	-0.23	0.38	0.27	-0.19		0.16	0.27	0.21	0.09	-0.88	-0.53	0.1	-0.13	-0.58	-0.79	0.36	-0.89	0.62	-0.23	-0.9	-0.93	0.45	-0.84	0.52	0.28
Cash	0.29	0.28	0.29	0.31	-0.95	0.16		0.31	0.17	0.08	-0.14	0.11	0.16	0.14	0.34	0.06	0.61	-0.23	0.77	0.42	-0.22	-0.06	0.82	-0.02	0.2	-0.15
Non Current Assets Total	1.0	0.49	0.98	1.0	-0.27	0.27	0.31		0.89	0.88	-0.01	0.45	0.88	0.21	0.41	-0.06	0.8	0.07	0.48	0.53	0.03	0.03	0.37	0.13	0.93	0.6
Cash And Short Term Investments	0.91	0.14	0.93	0.89	-0.2	0.21	0.17	0.89		0.95	0.11	0.2	0.99	0.17	0.31	0.02	0.64	0.17	0.26	0.3	0.14	0.09	0.11	0.16	0.89	0.78
Net Receivables	0.89	0.22	0.89	0.88	-0.13	0.09	0.08	0.88	0.95		0.19	0.31	0.95	0.08	0.35	0.01	0.63	0.28	0.16	0.37	0.24	0.19	0.02	0.22	0.86	0.77
Other Stockholder Equity	0.01	0.26	-0.11	-0.01	0.17	-0.88	-0.14	-0.01	0.11	0.19		0.55	0.22	0.31	0.63	0.82	-0.2	0.94	-0.6	0.29	0.94	0.93	-0.48	0.79	-0.21	-0.01
Total Liab	0.43	0.91	0.28	0.45	-0.02	-0.53	0.11	0.45	0.2	0.31	0.55		0.26	0.5	0.85	0.44	0.23	0.55	0.0	0.63	0.54	0.61	0.1	0.65	0.13	-0.06
Total Current Assets	0.9	0.18	0.9	0.88	-0.18	0.1	0.16	0.88	0.99	0.95	0.22	0.26		0.18	0.35	0.12	0.61	0.29	0.19	0.35	0.26	0.22	0.06	0.28	0.85	0.75
Other Current Liab	0.21	0.56	0.13	0.21	-0.08	-0.13	0.14	0.21	0.17	0.08	0.31	0.5	0.18		0.56	0.17	0.05	0.13	0.07	0.23	0.13	0.16	0.11	0.2	0.04	-0.07
Non Currrent Assets Other	0.41	0.71	0.28	0.41	-0.25	-0.58	0.34	0.41	0.31	0.35	0.63	0.85	0.35	0.56		0.52	0.38	0.57	0.08	0.66	0.56	0.66	0.2	0.65	0.12	-0.1
Common Stock Shares Outstanding	-0.05	0.19	-0.15	-0.06	0.01	-0.79	0.06	-0.06	0.02	0.01	0.82	0.44	0.12	0.17	0.52		-0.17	0.84	-0.45	0.1	0.86	0.88	-0.32	0.8	-0.27	-0.04
Short Term Investments	0.79	0.38	0.8	0.8	-0.52	0.36	0.61	0.8	0.64	0.63	-0.2	0.23	0.61	0.05	0.38	-0.17		-0.18	0.77	0.65	-0.21	-0.12	0.73	-0.08	0.77	0.23
Other Liab	0.08	0.23	-0.03	0.07	0.26	-0.89	-0.23	0.07	0.17	0.28	0.94	0.55	0.29	0.13	0.57	0.84	-0.18		-0.64	0.26	1.0	0.97	-0.55	0.89	-0.15	0.09
Net Tangible Assets	0.46	0.31	0.5	0.48	-0.71	0.62	0.77	0.48	0.26	0.16	-0.6	0.0	0.19	0.07	0.08	-0.45	0.77	-0.64		0.42	-0.65	-0.52	0.97	-0.38	0.47	-0.07
Accounts Payable	0.52	0.7	0.43	0.53	-0.27	-0.23	0.42	0.53	0.3	0.37	0.29	0.63	0.35	0.23	0.66	0.1	0.65	0.26	0.42		0.23	0.36	0.52	0.36	0.31	-0.26
Non Current Liabilities Total	0.05	0.22	-0.06	0.03	0.25	-0.9	-0.22	0.03	0.14	0.24	0.94	0.54	0.26	0.13	0.56	0.86	-0.21	1.0	-0.65	0.23		0.98	-0.55	0.89	-0.18	0.07
Common Stock	0.05	0.32	-0.08	0.03	0.11	-0.93	-0.06	0.03	0.09	0.19	0.93	0.61	0.22	0.16	0.66	0.88	-0.12	0.97	-0.52	0.36	0.98		-0.38	0.93	-0.22	-0.06
Property Plant Equipment	0.35	0.4	0.36	0.37	-0.71	0.45	0.82	0.37	0.11	0.02	-0.48	0.1	0.06	0.11	0.2	-0.32	0.73	-0.55	0.97	0.52	-0.55	-0.38		-0.27	0.31	-0.29
Other Current Assets	0.14	0.41	0.01	0.13	0.09	-0.84	-0.02	0.13	0.16	0.22	0.79	0.65	0.28	0.2	0.65	0.8	-0.08	0.89	-0.38	0.36	0.89	0.93	-0.27		-0.17	-0.04
Net Invested Capital	0.94	0.2	0.98	0.93	-0.21	0.52	0.2	0.93	0.89	0.86	-0.21	0.13	0.85	0.04	0.12	-0.27	0.77	-0.15	0.47	0.31	-0.18	-0.22	0.31	-0.17		0.72
Net Working Capital	0.62	-0.18	0.67	0.6	-0.01	0.28	-0.15	0.6	0.78	0.77	-0.01	-0.06	0.75	-0.07	-0.1	-0.04	0.23	0.09	-0.07	-0.26	0.07	-0.06	-0.29	-0.04	0.72

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Signature Resources Account Relationship Matchups

Signature Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.2M	15.9M	1.3M	955.4K	1.1M	1.0M
Total Current Liabilities	1.6M	1.4M	1.5M	1.1M	1.2M	1.1M
Total Stockholder Equity	5.4M	13.6M	(942.2K)	(955.7K)	(1.1M)	(1.0M)
Property Plant And Equipment Net	6.7M	14.1M	1.1M	766.2K	881.2K	837.1K
Net Debt	(462.2K)	(75.3K)	(3.2K)	(121.2K)	(109.1K)	(114.5K)
Retained Earnings	(4.6M)	(6.0M)	(23.2M)	(24.3M)	(21.9M)	(20.8M)
Cash	462.2K	75.3K	3.2K	121.2K	139.4K	177.9K
Non Current Assets Total	6.7M	14.1M	1.1M	766.2K	881.2K	837.1K
Cash And Short Term Investments	462.2K	1.4M	60.7K	126.9K	146.0K	138.7K
Net Receivables	63.1K	254.5K	52.1K	14.9K	17.1K	16.3K
Liabilities And Stockholders Equity	7.2M	15.9M	1.3M	955.4K	1.1M	1.0M
Other Stockholder Equity	2.2M	4.0M	4.4M	4.5M	5.1M	5.4M
Total Liab	1.9M	2.2M	2.3M	1.9M	2.2M	1.5M
Total Current Assets	548.0K	1.7M	185.0K	189.2K	217.6K	416.4K
Other Current Liab	1.0M	1.0M	971.9K	934.8K	1.1M	1.0M
Common Stock Shares Outstanding	23.0M	41.6M	10.5M	80.9M	93.0M	97.7M
Net Tangible Assets	4.4M	5.4M	803.6K	(942.2K)	(1.1M)	(1.0M)
Accounts Payable	546.8K	374.1K	491.6K	130.1K	149.6K	288.2K
Common Stock	7.7M	15.6M	17.9M	18.9M	21.7M	22.8M
Property Plant Equipment	6.2M	6.7M	1.3M	1.1M	1.3M	1.2M
Other Current Assets	40.1K	22.7K	67.3K	72.2K	83.0K	87.2K
Net Invested Capital	5.4M	13.6M	(942.2K)	(955.7K)	(860.1K)	(817.1K)
Net Working Capital	(1.0M)	350.5K	(1.3M)	(875.7K)	(1.0M)	(1.1M)
Capital Stock	7.7M	15.6M	17.9M	18.9M	21.7M	13.3M

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