Sirios Net Income vs Depreciation And Amortization 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 Net 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 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.

Net Income vs Depreciation And Amortization

Net Income vs Depreciation And Amortization Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sirios Resources Net Income account and Depreciation And Amortization. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Sirios Resources' Net Income and Depreciation And Amortization is -0.24. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Depreciation And Amortization 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' Net 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 Net Income of Sirios 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 Net Income i.e., Sirios Resources' Net Income and Depreciation And Amortization go up and down completely randomly.

Correlation Coefficient

-0.24
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Income

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

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 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

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 Sirios Stock Analysis

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