Sirios Inventory vs Retained Earnings Analysis

SOI Stock

CAD 0.05 0.01 16.67%

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 Inventory and its Retained Earnings 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.

Inventory vs Retained Earnings

Inventory vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sirios Resources Inventory account and Retained Earnings. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Sirios Resources' Inventory and Retained Earnings is 0.45. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Retained Earnings 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' Inventory and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Sirios Resources are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Inventory i.e., Sirios Resources' Inventory and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.45

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Inventory

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

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 Depreciation	1.4K	2.8K	23.3K	12.8K
Interest Income	6.5K	16.4K	40.3K	42.3K

Reconciled Depreciation Interest Income

Sirios 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	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Total Current Assets	Common Stock	Non Currrent Assets Other	Short Term Investments	Non Current Liabilities Total	Other Stockholder Equity	Inventory	Short Long Term Debt Total	Short Term Debt	Net Tangible Assets	Long Term Debt
Total Assets		0.41	0.13	1.0	0.99	-0.43	-0.9	0.08	0.33	0.99	0.52	-0.03	0.97	0.26	0.8	0.34	0.98	0.97	0.2	0.86	-0.64	-0.58	-0.52	0.82	0.95	-0.75
Other Current Liab	0.41		0.51	0.38	0.42	-0.36	-0.43	-0.2	0.27	0.42	0.36	-0.38	0.57	-0.06	0.75	0.0	0.48	0.37	-0.43	0.59	0.09	0.06	-0.08	0.38	0.23	-0.15
Total Current Liabilities	0.13	0.51		0.1	0.11	-0.26	-0.3	0.42	0.33	0.1	0.19	0.15	0.12	0.06	0.55	0.28	0.15	0.09	-0.14	0.05	0.14	0.0	0.15	0.04	0.08	-0.1
Total Stockholder Equity	1.0	0.38	0.1		0.99	-0.43	-0.89	0.08	0.33	0.99	0.52	-0.03	0.96	0.26	0.78	0.35	0.98	0.97	0.22	0.84	-0.66	-0.59	-0.53	0.82	0.95	-0.76
Property Plant And Equipment Net	0.99	0.42	0.11	0.99		-0.33	-0.89	-0.01	0.22	1.0	0.42	-0.09	0.97	0.22	0.82	0.22	0.98	0.98	0.12	0.9	-0.58	-0.56	-0.49	0.87	0.93	-0.7
Net Debt	-0.43	-0.36	-0.26	-0.43	-0.33		0.39	-0.37	-0.98	-0.33	-0.96	0.1	-0.39	-0.18	-0.26	-0.79	-0.42	-0.28	-0.2	-0.13	0.57	0.13	0.46	-0.11	-0.4	0.6
Retained Earnings	-0.9	-0.43	-0.3	-0.89	-0.89	0.39		-0.24	-0.34	-0.88	-0.47	-0.02	-0.85	-0.24	-0.76	-0.35	-0.94	-0.92	-0.16	-0.7	0.37	0.45	0.31	-0.75	-0.83	0.73
Accounts Payable	0.08	-0.2	0.42	0.08	-0.01	-0.37	-0.24		0.48	-0.01	0.36	0.64	-0.1	0.32	-0.01	0.7	0.07	0.04	0.36	-0.29	-0.24	-0.29	0.0	-0.23	0.14	-0.22
Cash	0.33	0.27	0.33	0.33	0.22	-0.98	-0.34	0.48		0.23	0.92	-0.03	0.26	0.18	0.19	0.83	0.31	0.18	0.22	-0.01	-0.54	-0.1	-0.4	0.02	0.35	-0.57
Non Current Assets Total	0.99	0.42	0.1	0.99	1.0	-0.33	-0.88	-0.01	0.23		0.42	-0.1	0.98	0.22	0.82	0.22	0.98	0.97	0.12	0.9	-0.59	-0.56	-0.5	0.87	0.93	-0.7
Cash And Short Term Investments	0.52	0.36	0.19	0.52	0.42	-0.96	-0.47	0.36	0.92	0.42		0.0	0.48	0.17	0.29	0.83	0.51	0.39	0.39	0.19	-0.61	-0.2	-0.45	0.17	0.47	-0.64
Net Receivables	-0.03	-0.38	0.15	-0.03	-0.09	0.1	-0.02	0.64	-0.03	-0.1	0.0		-0.2	0.45	-0.11	0.5	-0.06	-0.02	0.58	-0.23	-0.18	-0.43	0.1	-0.35	0.03	-0.1
Common Stock Shares Outstanding	0.97	0.57	0.12	0.96	0.97	-0.39	-0.85	-0.1	0.26	0.98	0.48	-0.2		0.14	0.84	0.2	0.97	0.93	0.04	0.92	-0.54	-0.48	-0.49	0.83	0.88	-0.66
Other Current Assets	0.26	-0.06	0.06	0.26	0.22	-0.18	-0.24	0.32	0.18	0.22	0.17	0.45	0.14		0.16	0.37	0.23	0.27	0.1	0.13	-0.28	-0.73	-0.31	-0.06	0.26	-0.5
Total Liab	0.8	0.75	0.55	0.78	0.82	-0.26	-0.76	-0.01	0.19	0.82	0.29	-0.11	0.84	0.16		0.1	0.81	0.77	-0.21	0.86	-0.28	-0.37	-0.25	0.73	0.69	-0.45
Total Current Assets	0.34	0.0	0.28	0.35	0.22	-0.79	-0.35	0.7	0.83	0.22	0.83	0.5	0.2	0.37	0.1		0.31	0.23	0.62	-0.08	-0.61	-0.33	-0.32	-0.09	0.38	-0.59
Common Stock	0.98	0.48	0.15	0.98	0.98	-0.42	-0.94	0.07	0.31	0.98	0.51	-0.06	0.97	0.23	0.81	0.31		0.98	0.15	0.86	-0.53	-0.52	-0.42	0.83	0.9	-0.72
Non Currrent Assets Other	0.97	0.37	0.09	0.97	0.98	-0.28	-0.92	0.04	0.18	0.97	0.39	-0.02	0.93	0.27	0.77	0.23	0.98		0.19	0.85	-0.51	-0.57	-0.39	0.87	0.91	-0.69
Short Term Investments	0.2	-0.43	-0.14	0.22	0.12	-0.2	-0.16	0.36	0.22	0.12	0.39	0.58	0.04	0.1	-0.21	0.62	0.15	0.19		-0.19	-0.42	-0.3	-0.17	-0.08	0.27	-0.35
Non Current Liabilities Total	0.86	0.59	0.05	0.84	0.9	-0.13	-0.7	-0.29	-0.01	0.9	0.19	-0.23	0.92	0.13	0.86	-0.08	0.86	0.85	-0.19		-0.4	-0.42	-0.33	0.85	0.76	-0.43
Other Stockholder Equity	-0.64	0.09	0.14	-0.66	-0.58	0.57	0.37	-0.24	-0.54	-0.59	-0.61	-0.18	-0.54	-0.28	-0.28	-0.61	-0.53	-0.51	-0.42	-0.4		0.54	0.65	-0.37	-0.74	0.64
Inventory	-0.58	0.06	0.0	-0.59	-0.56	0.13	0.45	-0.29	-0.1	-0.56	-0.2	-0.43	-0.48	-0.73	-0.37	-0.33	-0.52	-0.57	-0.3	-0.42	0.54		0.46	-0.24	-0.62	0.53
Short Long Term Debt Total	-0.52	-0.08	0.15	-0.53	-0.49	0.46	0.31	0.0	-0.4	-0.5	-0.45	0.1	-0.49	-0.31	-0.25	-0.32	-0.42	-0.39	-0.17	-0.33	0.65	0.46		-0.21	-0.55	0.71
Short Term Debt	0.82	0.38	0.04	0.82	0.87	-0.11	-0.75	-0.23	0.02	0.87	0.17	-0.35	0.83	-0.06	0.73	-0.09	0.83	0.87	-0.08	0.85	-0.37	-0.24	-0.21		0.77	-0.41
Net Tangible Assets	0.95	0.23	0.08	0.95	0.93	-0.4	-0.83	0.14	0.35	0.93	0.47	0.03	0.88	0.26	0.69	0.38	0.9	0.91	0.27	0.76	-0.74	-0.62	-0.55	0.77		-0.77
Long Term Debt	-0.75	-0.15	-0.1	-0.76	-0.7	0.6	0.73	-0.22	-0.57	-0.7	-0.64	-0.1	-0.66	-0.5	-0.45	-0.59	-0.72	-0.69	-0.35	-0.43	0.64	0.53	0.71	-0.41	-0.77

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Sirios Resources Account Relationship Matchups

Sirios Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	29.3M	32.3M	33.8M	37.5M	38.2M	40.1M
Other Current Liab	553.0	611.7K	102.3K	1.3M	1.5M	1.6M
Total Current Liabilities	219.0K	1.0M	431.5K	1.5M	461.9K	484.0K
Total Stockholder Equity	28.6M	30.7M	32.2M	34.6M	36.0M	37.8M
Property Plant And Equipment Net	26.3M	28.3M	32.5M	34.0M	36.0M	37.8M
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 Payable	218.4K	419.0K	329.3K	249.9K	136.8K	129.9K
Cash	1.6M	3.1M	375.6K	2.3M	1.9M	1.0M
Non Current Assets Total	26.3M	28.3M	32.5M	34.0M	36.0M	37.8M
Cash And Short Term Investments	2.5M	3.7M	462.8K	2.6M	3.0M	3.2M
Net Receivables	410.5K	136.2K	725.7K	731.4K	604.0	573.8
Common Stock Shares Outstanding	166.0M	191.5M	220.1M	260.1M	308.7M	324.2M
Liabilities And Stockholders Equity	29.3M	32.3M	33.8M	37.5M	43.2M	45.3M
Other Current Assets	78.4K	225.4K	121.9K	143.5K	165.0K	184.6K
Total Liab	691.2K	1.6M	1.5M	2.9M	2.2M	2.3M
Total Current Assets	3.0M	4.0M	1.3M	3.5M	2.3M	1.8M
Common Stock	49.9M	53.0M	55.2M	57.3M	65.9M	69.2M
Short Term Investments	878.7K	543.9K	87.2K	270.3K	132.2K	125.6K
Non Current Liabilities Total	472.3K	560.8K	1.1M	1.4M	1.7M	1.8M
Other Stockholder Equity	4.6M	5.0M	5.2M	5.2M	4.7M	9.3M
Net Tangible Assets	27.5M	28.5M	30.7M	32.2M	37.1M	23.8M
Property Plant Equipment	26.4M	26.3M	28.1M	32.5M	37.3M	21.2M
Net Invested Capital	28.6M	30.7M	32.3M	34.6M	36.0M	32.4M
Net Working Capital	2.7M	3.0M	878.8K	1.9M	1.8M	2.2M
Other Liab	1.0M	472.3K	520.8K	1.1M	1.2M	796.3K
Capital Stock	49.9M	53.0M	55.2M	57.3M	59.7M	58.9M

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