Sirios Income Tax Expense vs Gross Profit Analysis

SOI Stock  CAD 0.05  0.01  11.11%   
Sirios Resources financial indicator trend analysis is much more than just breaking down Sirios Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sirios Resources is a good investment. Please check the relationship between Sirios Resources Income Tax Expense and its Gross Profit accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sirios 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.

Income Tax Expense vs Gross Profit

Income Tax Expense vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sirios Resources Income Tax Expense account and Gross Profit. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Sirios Resources' Income Tax Expense and Gross Profit is -0.04. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Sirios Resources, assuming nothing else is changed. The correlation between historical values of Sirios Resources' Income Tax Expense and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Sirios Resources are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Income Tax Expense i.e., Sirios Resources' Income Tax Expense and Gross Profit go up and down completely randomly.

Correlation Coefficient

-0.04
Relationship DirectionNegative 
Relationship StrengthInsignificant

Income Tax Expense

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Sirios Resources minus its cost of goods sold. It is profit before Sirios 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.
Most indicators from Sirios Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sirios 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 Sirios 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, Sirios Resources' Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 2.7 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 22.27 in 2024.
 2021 2022 2023 2024 (projected)
Reconciled Depreciation1.4K2.8K23.3K12.8K
Interest Income6.5K16.4K40.3K42.3K

Sirios Resources fundamental ratios Correlations

0.410.131.00.99-0.43-0.90.080.330.990.52-0.030.970.260.80.340.980.970.20.86-0.64-0.58-0.520.820.95-0.75
0.410.510.380.42-0.36-0.43-0.20.270.420.36-0.380.57-0.060.750.00.480.37-0.430.590.090.06-0.080.380.23-0.15
0.130.510.10.11-0.26-0.30.420.330.10.190.150.120.060.550.280.150.09-0.140.050.140.00.150.040.08-0.1
1.00.380.10.99-0.43-0.890.080.330.990.52-0.030.960.260.780.350.980.970.220.84-0.66-0.59-0.530.820.95-0.76
0.990.420.110.99-0.33-0.89-0.010.221.00.42-0.090.970.220.820.220.980.980.120.9-0.58-0.56-0.490.870.93-0.7
-0.43-0.36-0.26-0.43-0.330.39-0.37-0.98-0.33-0.960.1-0.39-0.18-0.26-0.79-0.42-0.28-0.2-0.130.570.130.46-0.11-0.40.6
-0.9-0.43-0.3-0.89-0.890.39-0.24-0.34-0.88-0.47-0.02-0.85-0.24-0.76-0.35-0.94-0.92-0.16-0.70.370.450.31-0.75-0.830.73
0.08-0.20.420.08-0.01-0.37-0.240.48-0.010.360.64-0.10.32-0.010.70.070.040.36-0.29-0.24-0.290.0-0.230.14-0.22
0.330.270.330.330.22-0.98-0.340.480.230.92-0.030.260.180.190.830.310.180.22-0.01-0.54-0.1-0.40.020.35-0.57
0.990.420.10.991.0-0.33-0.88-0.010.230.42-0.10.980.220.820.220.980.970.120.9-0.59-0.56-0.50.870.93-0.7
0.520.360.190.520.42-0.96-0.470.360.920.420.00.480.170.290.830.510.390.390.19-0.61-0.2-0.450.170.47-0.64
-0.03-0.380.15-0.03-0.090.1-0.020.64-0.03-0.10.0-0.20.45-0.110.5-0.06-0.020.58-0.23-0.18-0.430.1-0.350.03-0.1
0.970.570.120.960.97-0.39-0.85-0.10.260.980.48-0.20.140.840.20.970.930.040.92-0.54-0.48-0.490.830.88-0.66
0.26-0.060.060.260.22-0.18-0.240.320.180.220.170.450.140.160.370.230.270.10.13-0.28-0.73-0.31-0.060.26-0.5
0.80.750.550.780.82-0.26-0.76-0.010.190.820.29-0.110.840.160.10.810.77-0.210.86-0.28-0.37-0.250.730.69-0.45
0.340.00.280.350.22-0.79-0.350.70.830.220.830.50.20.370.10.310.230.62-0.08-0.61-0.33-0.32-0.090.38-0.59
0.980.480.150.980.98-0.42-0.940.070.310.980.51-0.060.970.230.810.310.980.150.86-0.53-0.52-0.420.830.9-0.72
0.970.370.090.970.98-0.28-0.920.040.180.970.39-0.020.930.270.770.230.980.190.85-0.51-0.57-0.390.870.91-0.69
0.2-0.43-0.140.220.12-0.2-0.160.360.220.120.390.580.040.1-0.210.620.150.19-0.19-0.42-0.3-0.17-0.080.27-0.35
0.860.590.050.840.9-0.13-0.7-0.29-0.010.90.19-0.230.920.130.86-0.080.860.85-0.19-0.4-0.42-0.330.850.76-0.43
-0.640.090.14-0.66-0.580.570.37-0.24-0.54-0.59-0.61-0.18-0.54-0.28-0.28-0.61-0.53-0.51-0.42-0.40.540.65-0.37-0.740.64
-0.580.060.0-0.59-0.560.130.45-0.29-0.1-0.56-0.2-0.43-0.48-0.73-0.37-0.33-0.52-0.57-0.3-0.420.540.46-0.24-0.620.53
-0.52-0.080.15-0.53-0.490.460.310.0-0.4-0.5-0.450.1-0.49-0.31-0.25-0.32-0.42-0.39-0.17-0.330.650.46-0.21-0.550.71
0.820.380.040.820.87-0.11-0.75-0.230.020.870.17-0.350.83-0.060.73-0.090.830.87-0.080.85-0.37-0.24-0.210.77-0.41
0.950.230.080.950.93-0.4-0.830.140.350.930.470.030.880.260.690.380.90.910.270.76-0.74-0.62-0.550.77-0.77
-0.75-0.15-0.1-0.76-0.70.60.73-0.22-0.57-0.7-0.64-0.1-0.66-0.5-0.45-0.59-0.72-0.69-0.35-0.430.640.530.71-0.41-0.77
Click cells to compare fundamentals

Sirios Resources Account Relationship Matchups

Sirios Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets29.3M32.3M33.8M37.5M38.2M40.1M
Other Current Liab553.0611.7K102.3K1.3M1.5M1.6M
Total Current Liabilities219.0K1.0M431.5K1.5M461.9K484.0K
Total Stockholder Equity28.6M30.7M32.2M34.6M36.0M37.8M
Property Plant And Equipment Net26.3M28.3M32.5M34.0M36.0M37.8M
Net Debt(1.6M)(3.1M)(335.6K)(2.3M)(2.1M)(2.0M)
Retained Earnings(25.9M)(27.3M)(28.1M)(27.9M)(29.0M)(27.6M)
Accounts Payable218.4K419.0K329.3K249.9K136.8K129.9K
Cash1.6M3.1M375.6K2.3M1.9M1.0M
Non Current Assets Total26.3M28.3M32.5M34.0M36.0M37.8M
Cash And Short Term Investments2.5M3.7M462.8K2.6M3.0M3.2M
Net Receivables410.5K136.2K725.7K731.4K604.0573.8
Common Stock Shares Outstanding166.0M191.5M220.1M260.1M308.7M324.2M
Liabilities And Stockholders Equity29.3M32.3M33.8M37.5M43.2M45.3M
Other Current Assets78.4K225.4K121.9K143.5K165.0K184.6K
Total Liab691.2K1.6M1.5M2.9M2.2M2.3M
Total Current Assets3.0M4.0M1.3M3.5M2.3M1.8M
Common Stock49.9M53.0M55.2M57.3M65.9M69.2M
Short Term Investments878.7K543.9K87.2K270.3K132.2K125.6K
Non Current Liabilities Total472.3K560.8K1.1M1.4M1.7M1.8M
Other Stockholder Equity4.6M5.0M5.2M5.2M4.7M9.3M
Net Tangible Assets27.5M28.5M30.7M32.2M37.1M23.8M
Property Plant Equipment26.4M26.3M28.1M32.5M37.3M21.2M
Net Invested Capital28.6M30.7M32.3M34.6M36.0M32.4M
Net Working Capital2.7M3.0M878.8K1.9M1.8M2.2M
Other Liab1.0M472.3K520.8K1.1M1.2M796.3K
Capital Stock49.9M53.0M55.2M57.3M59.7M58.9M

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