Surge Inventory vs Retained Earnings Analysis

SURG Stock

CAD 0.1 0.01 5.00%

Surge Copper financial indicator trend analysis is much more than just breaking down Surge Copper Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Surge Copper Corp is a good investment. Please check the relationship between Surge Copper Inventory and its Retained Earnings accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Surge Copper Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

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 Surge Copper Corp Inventory account and Retained Earnings. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Surge Copper's Inventory and Retained Earnings is 0.57. 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 Surge Copper Corp, assuming nothing else is changed. The correlation between historical values of Surge Copper's 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 Surge Copper Corp 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., Surge Copper's Inventory and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.57

Relationship Direction	Positive
Relationship Strength	Weak

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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 Surge Copper's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Surge Copper Corp 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 Surge Copper Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

At this time, Surge Copper's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 0.42 in 2024, whereas Selling General Administrative is likely to drop slightly above 1.4 M in 2024.

Surge Copper fundamental ratios Correlations

	Total Assets	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	Short Term Investments	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Non Currrent Assets Other	Short Long Term Debt Total	Non Current Liabilities Total	Inventory	Other Current Assets	Short Term Debt	Other Current Liab	Other Liab	Net Tangible Assets
Total Assets		0.86	1.0	0.99	-0.39	-0.98	0.54	0.17	0.99	0.48	-0.07	0.96	-0.51	-0.2	0.93	0.16	-0.49	0.72	0.7	0.94	-0.61	0.6	-0.27	0.66	0.92	0.84
Total Current Liabilities	0.86		0.84	0.79	-0.66	-0.83	0.52	0.51	0.79	0.7	-0.06	0.82	-0.23	-0.23	0.96	0.5	-0.22	0.55	0.69	0.94	-0.36	0.63	-0.52	0.93	0.9	0.87
Total Stockholder Equity	1.0	0.84		0.99	-0.36	-0.98	0.52	0.14	0.99	0.45	-0.07	0.96	-0.54	-0.2	0.91	0.13	-0.52	0.73	0.69	0.92	-0.61	0.58	-0.24	0.63	0.9	0.82
Property Plant And Equipment Net	0.99	0.79	0.99		-0.25	-0.98	0.48	0.01	1.0	0.35	-0.1	0.96	-0.51	-0.19	0.89	0.0	-0.48	0.73	0.67	0.91	-0.66	0.57	-0.23	0.56	0.89	0.8
Net Debt	-0.39	-0.66	-0.36	-0.25		0.3	-0.66	-0.94	-0.25	-0.99	0.03	-0.35	0.18	0.13	-0.55	-0.92	0.18	-0.17	-0.39	-0.52	0.05	-0.34	0.32	-0.72	-0.48	-0.5
Retained Earnings	-0.98	-0.83	-0.98	-0.98	0.3		-0.44	-0.09	-0.98	-0.39	0.16	-0.96	0.44	0.31	-0.89	-0.07	0.42	-0.79	-0.64	-0.9	0.57	-0.67	0.35	-0.62	-0.89	-0.86
Accounts Payable	0.54	0.52	0.52	0.48	-0.66	-0.44		0.41	0.48	0.74	-0.03	0.62	-0.18	0.01	0.6	0.4	-0.15	0.23	0.34	0.62	-0.65	0.41	-0.27	0.34	0.67	0.5
Cash	0.17	0.51	0.14	0.01	-0.94	-0.09	0.41		0.01	0.89	0.02	0.08	-0.13	-0.1	0.35	0.98	-0.14	0.02	0.25	0.3	0.26	0.19	-0.24	0.7	0.23	0.32
Non Current Assets Total	0.99	0.79	0.99	1.0	-0.25	-0.98	0.48	0.01		0.35	-0.11	0.97	-0.5	-0.19	0.89	0.0	-0.47	0.73	0.66	0.91	-0.66	0.58	-0.24	0.56	0.9	0.8
Cash And Short Term Investments	0.48	0.7	0.45	0.35	-0.99	-0.39	0.74	0.89	0.35		-0.05	0.46	-0.2	-0.15	0.63	0.86	-0.19	0.24	0.44	0.6	-0.19	0.39	-0.35	0.72	0.58	0.56
Net Receivables	-0.07	-0.06	-0.07	-0.1	0.03	0.16	-0.03	0.02	-0.11	-0.05		-0.18	-0.12	0.36	-0.07	0.2	-0.12	-0.29	0.04	-0.06	0.14	-0.24	0.18	0.05	-0.13	-0.13
Common Stock Shares Outstanding	0.96	0.82	0.96	0.96	-0.35	-0.96	0.62	0.08	0.97	0.46	-0.18		-0.34	-0.28	0.92	0.06	-0.31	0.74	0.64	0.93	-0.75	0.66	-0.38	0.56	0.96	0.83
Short Term Investments	-0.51	-0.23	-0.54	-0.51	0.18	0.44	-0.18	-0.13	-0.5	-0.2	-0.12	-0.34		-0.23	-0.28	-0.15	1.0	-0.29	-0.57	-0.29	0.14	0.22	-0.61	-0.21	-0.18	-0.19
Other Stockholder Equity	-0.2	-0.23	-0.2	-0.19	0.13	0.31	0.01	-0.1	-0.19	-0.15	0.36	-0.28	-0.23		-0.18	-0.04	-0.23	-0.77	0.04	-0.16	0.06	-0.58	0.48	-0.18	-0.22	-0.36
Total Liab	0.93	0.96	0.91	0.89	-0.55	-0.89	0.6	0.35	0.89	0.63	-0.07	0.92	-0.28	-0.18		0.34	-0.26	0.58	0.69	1.0	-0.54	0.66	-0.48	0.81	0.97	0.88
Total Current Assets	0.16	0.5	0.13	0.0	-0.92	-0.07	0.4	0.98	0.0	0.86	0.2	0.06	-0.15	-0.04	0.34		-0.16	-0.03	0.26	0.29	0.28	0.15	-0.21	0.69	0.21	0.3
Intangible Assets	-0.49	-0.22	-0.52	-0.48	0.18	0.42	-0.15	-0.14	-0.47	-0.19	-0.12	-0.31	1.0	-0.23	-0.26	-0.16		-0.27	-0.56	-0.26	0.1	0.24	-0.62	-0.21	-0.15	-0.18
Non Currrent Assets Other	0.72	0.55	0.73	0.73	-0.17	-0.79	0.23	0.02	0.73	0.24	-0.29	0.74	-0.29	-0.77	0.58	-0.03	-0.27		0.37	0.58	-0.45	0.63	-0.29	0.37	0.61	0.64
Short Long Term Debt Total	0.7	0.69	0.69	0.67	-0.39	-0.64	0.34	0.25	0.66	0.44	0.04	0.64	-0.57	0.04	0.69	0.26	-0.56	0.37		0.69	-0.28	0.06	0.06	0.63	0.63	0.62
Non Current Liabilities Total	0.94	0.94	0.92	0.91	-0.52	-0.9	0.62	0.3	0.91	0.6	-0.06	0.93	-0.29	-0.16	1.0	0.29	-0.26	0.58	0.69		-0.59	0.65	-0.46	0.76	0.98	0.87
Inventory	-0.61	-0.36	-0.61	-0.66	0.05	0.57	-0.65	0.26	-0.66	-0.19	0.14	-0.75	0.14	0.06	-0.54	0.28	0.1	-0.45	-0.28	-0.59		-0.33	0.12	-0.03	-0.69	-0.33
Other Current Assets	0.6	0.63	0.58	0.57	-0.34	-0.67	0.41	0.19	0.58	0.39	-0.24	0.66	0.22	-0.58	0.66	0.15	0.24	0.63	0.06	0.65	-0.33		-0.87	0.47	0.71	0.81
Short Term Debt	-0.27	-0.52	-0.24	-0.23	0.32	0.35	-0.27	-0.24	-0.24	-0.35	0.18	-0.38	-0.61	0.48	-0.48	-0.21	-0.62	-0.29	0.06	-0.46	0.12	-0.87		-0.45	-0.53	-0.63
Other Current Liab	0.66	0.93	0.63	0.56	-0.72	-0.62	0.34	0.7	0.56	0.72	0.05	0.56	-0.21	-0.18	0.81	0.69	-0.21	0.37	0.63	0.76	-0.03	0.47	-0.45		0.68	0.72
Other Liab	0.92	0.9	0.9	0.89	-0.48	-0.89	0.67	0.23	0.9	0.58	-0.13	0.96	-0.18	-0.22	0.97	0.21	-0.15	0.61	0.63	0.98	-0.69	0.71	-0.53	0.68		0.87
Net Tangible Assets	0.84	0.87	0.82	0.8	-0.5	-0.86	0.5	0.32	0.8	0.56	-0.13	0.83	-0.19	-0.36	0.88	0.3	-0.18	0.64	0.62	0.87	-0.33	0.81	-0.63	0.72	0.87

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Surge Copper Account Relationship Matchups

Surge Copper fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	22.1M	33.9M	47.3M	50.4M	51.3M	53.9M
Total Current Liabilities	82.2K	431.1K	1.6M	1.2M	850.6K	893.1K
Total Stockholder Equity	21.7M	32.0M	41.5M	44.7M	46.4M	48.7M
Property Plant And Equipment Net	22.0M	30.4M	39.0M	47.4M	51.1M	53.7M
Net Debt	38.8K	(3.2M)	(7.7M)	(2.7M)	(2.4M)	(2.3M)
Retained Earnings	(18.6M)	(24.4M)	(29.2M)	(31.4M)	(33.1M)	(31.4M)
Accounts Payable	13.8K	114.8K	140.2K	71.7K	208.8K	219.2K
Cash	35.0K	3.3M	7.8M	2.8M	84.7K	80.4K
Non Current Assets Total	22.0M	30.4M	39.0M	47.4M	51.1M	53.7M
Cash And Short Term Investments	35.0K	3.3M	7.8M	2.8M	3.2M	3.4M
Net Receivables	1.7K	137.5K	344.9K	39.6K	45.6K	43.3K
Common Stock Shares Outstanding	59.3M	91.0M	158.9M	173.4M	224.4M	235.7M
Liabilities And Stockholders Equity	22.1M	33.9M	47.3M	50.4M	57.9M	60.8M
Total Liab	330.4K	1.9M	5.7M	5.7M	4.9M	5.2M
Total Current Assets	55.3K	3.5M	8.3M	3.0M	190.8K	181.3K
Non Current Liabilities Total	248.2K	1.5M	4.2M	4.4M	4.1M	4.3M
Other Current Liab	19.8K	276.5K	1.4M	911.6K	314.1K	316.7K
Other Liab	282K	223K	1.5M	4.1M	4.7M	4.9M
Net Tangible Assets	21.8M	21.7M	32.0M	41.5M	47.8M	28.4M
Common Stock	35.6M	48.2M	60.1M	63.9M	73.4M	47.7M
Property Plant Equipment	22.0M	22.0M	30.4M	39.0M	44.9M	28.0M
Net Invested Capital	21.7M	32.0M	41.5M	44.7M	46.4M	36.2M
Net Working Capital	(26.8K)	3.1M	6.7M	1.7M	(659.7K)	(626.7K)
Capital Stock	35.6M	48.2M	60.1M	63.9M	66.5M	56.8M

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