Almaden Cost Of Revenue vs Ebit Analysis

Almaden Minerals financial indicator trend analysis is way more than just evaluating Almaden Minerals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Almaden Minerals is a good investment. Please check the relationship between Almaden Minerals Cost Of Revenue and its Ebit accounts. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

Cost Of Revenue vs Ebit

Cost Of Revenue vs Ebit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Almaden Minerals Cost Of Revenue account and Ebit. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Almaden Minerals' Cost Of Revenue and Ebit is 0.18. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Ebit in the same time period over historical financial statements of Almaden Minerals, assuming nothing else is changed. The correlation between historical values of Almaden Minerals' Cost Of Revenue and Ebit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Almaden Minerals are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Cost Of Revenue i.e., Almaden Minerals' Cost Of Revenue and Ebit go up and down completely randomly.

Correlation Coefficient

0.18

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Cost Of Revenue

Cost of Revenue is found on Almaden Minerals income statement and represents the costs associated with goods and services Almaden Minerals provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Ebit

Most indicators from Almaden Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Almaden Minerals 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 Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

At this time, Almaden Minerals' Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 1.6 M in 2024, whereas Enterprise Value Multiple is likely to drop (6.95) in 2024.

Almaden Minerals fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Net Receivables	Common Stock Total Equity	Short Term Investments	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total
Total Assets		0.17	1.0	-0.02	0.32	0.09	0.5	0.3	-0.12	0.29	0.3	-0.25	0.29	-0.37	0.34	0.19	0.08	0.3	0.31	0.9	-0.24	0.95	-0.29	0.12	0.21	0.35
Total Current Liabilities	0.17		0.18	-0.03	0.2	-0.24	0.66	0.15	0.46	0.36	-0.11	0.13	-0.29	-0.06	-0.08	0.15	0.57	0.31	0.19	0.07	-0.16	0.12	0.29	0.11	0.2	-0.14
Total Stockholder Equity	1.0	0.18		-0.11	0.25	0.16	0.56	0.35	-0.09	0.22	0.31	-0.16	0.24	-0.45	0.25	0.24	0.12	0.23	0.24	0.87	-0.31	0.93	-0.24	0.17	0.13	0.26
Other Liab	-0.02	-0.03	-0.11		0.83	-0.94	-0.59	-0.51	-0.26	0.82	0.06	-0.78	0.36	0.82	0.88	-0.43	-0.51	0.87	0.87	0.21	0.67	0.11	-0.36	-0.42	0.93	0.83
Net Tangible Assets	0.32	0.2	0.25	0.83		-0.82	-0.24	-0.46	-0.44	0.92	0.12	-0.72	0.19	0.49	0.81	-0.47	-0.38	0.91	0.95	0.54	0.59	0.47	-0.19	-0.48	0.9	0.75
Retained Earnings	0.09	-0.24	0.16	-0.94	-0.82		0.47	0.43	0.07	-0.86	-0.02	0.68	-0.15	-0.81	-0.76	0.33	0.33	-0.92	-0.86	-0.09	-0.58	-0.01	0.15	0.32	-0.94	-0.69
Accounts Payable	0.5	0.66	0.56	-0.59	-0.24	0.47		0.47	0.31	-0.13	0.05	0.52	-0.19	-0.67	-0.43	0.33	0.72	-0.24	-0.3	0.31	-0.56	0.4	0.19	0.28	-0.38	-0.45
Cash	0.3	0.15	0.35	-0.51	-0.46	0.43	0.47		0.6	-0.41	0.62	0.51	-0.05	-0.39	-0.45	0.96	0.41	-0.26	-0.49	-0.12	-0.97	0.01	0.05	0.95	-0.35	-0.4
Net Receivables	-0.12	0.46	-0.09	-0.26	-0.44	0.07	0.31	0.6		-0.19	0.05	0.33	-0.11	0.05	-0.34	0.69	0.54	-0.08	-0.28	-0.43	-0.56	-0.34	0.11	0.68	-0.13	-0.3
Common Stock Total Equity	0.29	0.36	0.22	0.82	0.92	-0.86	-0.13	-0.41	-0.19		0.03	-0.66	0.18	0.52	0.79	-0.43	-0.09	0.92	0.91	0.48	0.53	0.42	-0.18	-0.45	0.9	0.72
Short Term Investments	0.3	-0.11	0.31	0.06	0.12	-0.02	0.05	0.62	0.05	0.03		0.17	0.06	-0.08	-0.02	0.53	-0.18	0.15	0.02	0.11	-0.55	0.14	-0.06	0.54	0.11	-0.03
Inventory	-0.25	0.13	-0.16	-0.78	-0.72	0.68	0.52	0.51	0.33	-0.66	0.17		-0.35	-0.56	-0.93	0.41	0.5	-0.73	-0.83	-0.45	-0.69	-0.38	0.35	0.45	-0.8	-0.94
Other Current Assets	0.29	-0.29	0.24	0.36	0.19	-0.15	-0.19	-0.05	-0.11	0.18	0.06	-0.35		0.46	0.51	-0.08	-0.2	0.22	0.22	0.33	0.15	0.31	-1.0	-0.1	0.27	0.57
Other Stockholder Equity	-0.37	-0.06	-0.45	0.82	0.49	-0.81	-0.67	-0.39	0.05	0.52	-0.08	-0.56	0.46		0.62	-0.24	-0.4	0.62	0.57	-0.24	0.53	-0.31	-0.46	-0.21	0.71	0.61
Total Liab	0.34	-0.08	0.25	0.88	0.81	-0.76	-0.43	-0.45	-0.34	0.79	-0.02	-0.93	0.51	0.62		-0.4	-0.44	0.83	0.88	0.54	0.63	0.46	-0.51	-0.43	0.88	0.99
Total Current Assets	0.19	0.15	0.24	-0.43	-0.47	0.33	0.33	0.96	0.69	-0.43	0.53	0.41	-0.08	-0.24	-0.4		0.29	-0.2	-0.44	-0.24	-0.9	-0.12	0.08	0.99	-0.27	-0.35
Intangible Assets	0.08	0.57	0.12	-0.51	-0.38	0.33	0.72	0.41	0.54	-0.09	-0.18	0.5	-0.2	-0.4	-0.44	0.29		-0.28	-0.43	-0.11	-0.48	-0.02	0.2	0.26	-0.4	-0.42
Common Stock	0.3	0.31	0.23	0.87	0.91	-0.92	-0.24	-0.26	-0.08	0.92	0.15	-0.73	0.22	0.62	0.83	-0.2	-0.28		0.94	0.41	0.43	0.36	-0.22	-0.21	0.98	0.77
Property Plant Equipment	0.31	0.19	0.24	0.87	0.95	-0.86	-0.3	-0.49	-0.28	0.91	0.02	-0.83	0.22	0.57	0.88	-0.44	-0.43	0.94		0.52	0.64	0.45	-0.22	-0.45	0.96	0.82
Property Plant And Equipment Net	0.9	0.07	0.87	0.21	0.54	-0.09	0.31	-0.12	-0.43	0.48	0.11	-0.45	0.33	-0.24	0.54	-0.24	-0.11	0.41	0.52		0.17	0.99	-0.33	-0.31	0.36	0.52
Net Debt	-0.24	-0.16	-0.31	0.67	0.59	-0.58	-0.56	-0.97	-0.56	0.53	-0.55	-0.69	0.15	0.53	0.63	-0.9	-0.48	0.43	0.64	0.17		0.04	-0.15	-0.9	0.53	0.58
Non Current Assets Total	0.95	0.12	0.93	0.11	0.47	-0.01	0.4	0.01	-0.34	0.42	0.14	-0.38	0.31	-0.31	0.46	-0.12	-0.02	0.36	0.45	0.99	0.04		-0.31	-0.19	0.29	0.46
Non Currrent Assets Other	-0.29	0.29	-0.24	-0.36	-0.19	0.15	0.19	0.05	0.11	-0.18	-0.06	0.35	-1.0	-0.46	-0.51	0.08	0.2	-0.22	-0.22	-0.33	-0.15	-0.31		0.1	-0.27	-0.57
Cash And Short Term Investments	0.12	0.11	0.17	-0.42	-0.48	0.32	0.28	0.95	0.68	-0.45	0.54	0.45	-0.1	-0.21	-0.43	0.99	0.26	-0.21	-0.45	-0.31	-0.9	-0.19	0.1		-0.28	-0.38
Common Stock Shares Outstanding	0.21	0.2	0.13	0.93	0.9	-0.94	-0.38	-0.35	-0.13	0.9	0.11	-0.8	0.27	0.71	0.88	-0.27	-0.4	0.98	0.96	0.36	0.53	0.29	-0.27	-0.28		0.83
Non Current Liabilities Total	0.35	-0.14	0.26	0.83	0.75	-0.69	-0.45	-0.4	-0.3	0.72	-0.03	-0.94	0.57	0.61	0.99	-0.35	-0.42	0.77	0.82	0.52	0.58	0.46	-0.57	-0.38	0.83

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Almaden Minerals Account Relationship Matchups

Almaden Minerals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	74.1M	76.4M	87.2M	78.1M	12.7M	12.1M
Other Current Liab	778.8K	447.6K	508.1K	340.5B	850.4K	807.9K
Total Current Liabilities	900.8K	582.5K	590.7K	428.8K	951.7K	672.3K
Total Stockholder Equity	68.6M	71.2M	80.2M	69.8M	7.0M	6.7M
Other Liab	1.9M	1.8M	2.8M	3.5M	4.0M	4.2M
Net Tangible Assets	68.6M	71.2M	80.2M	69.8M	80.3M	84.3M
Retained Earnings	(76.1M)	(79.3M)	(81.9M)	(93.8M)	(157.4M)	(149.5M)
Accounts Payable	778.8K	447.6K	508.1K	340.5K	738.26	701.35
Cash	912.2K	2.5M	10.2M	6.7M	1.7M	1.6M
Long Term Debt	2.5M	2.8M	3.2M	3.9M	4.5M	4.7M
Net Receivables	100.2K	123.0K	92.0K	198.9K	389.9K	359.1K
Short Term Investments	0.0	1.3M	8.0M	5.1M	2.6M	3.2M
Other Current Assets	1.6M	1.0M	979.6K	974.4B	1.1M	1.1M
Other Stockholder Equity	17.7M	19.2M	21.1M	69.8T	80.3T	84.3T
Total Liab	5.5M	5.3M	7.0M	8.2M	5.7M	6.0M
Total Current Assets	2.6M	3.7M	11.2M	7.9M	5.8M	5.5M
Accumulated Other Comprehensive Income	17.7M	19.2M	21.1M	22.5M	23.4M	24.5M
Short Term Debt	121.9K	135.0K	82.7K	88.3K	100.5K	105.6K
Intangible Assets	17.64	13.48	9.78	6.84	4.79	4.55
Property Plant Equipment	71.4M	72.8M	76.0M	70.2M	80.7M	84.7M
Property Plant And Equipment Net	71.4M	72.8M	76.0M	70.2M	6.9M	6.6M
Net Debt	1.9M	478.8K	(6.4M)	(2.3M)	3.1M	3.2M
Non Current Assets Total	71.4M	72.8M	76.0M	70.2M	6.9M	6.6M
Non Currrent Assets Other	57.0M	58.6M	(9.78)	(3.1T)	(3.79)	(3.98)
Cash And Short Term Investments	912.2K	2.5M	10.2M	6.7M	4.2M	8.0M
Common Stock Shares Outstanding	111.7M	117.3M	133.8M	137.2M	157.8M	165.7M
Liabilities And Stockholders Equity	74.1M	76.4M	87.2M	78.1M	12.7M	12.1M
Non Current Liabilities Total	4.6M	4.7M	6.5M	7.8M	4.8M	5.0M
Property Plant And Equipment Gross	71.4M	72.8M	76.9M	71.0M	81.7M	85.8M
Long Term Debt Total	2.7M	2.9M	3.7M	4.3M	5.0M	5.2M
Capital Lease Obligations	292.7K	170.7K	548.6K	465.9K	535.8K	562.6K
Net Invested Capital	71.1M	74.0M	83.4M	73.7M	84.8M	80.4M
Net Working Capital	1.7M	3.1M	10.7M	7.5M	6.7M	5.8M

Pair Trading with Almaden Minerals

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Almaden Minerals position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Almaden Minerals will appreciate offsetting losses from the drop in the long position's value.

Moving against Almaden Stock

0.46

United States Steel Earnings Call This Week

Pair Corr

The ability to find closely correlated positions to Almaden Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Almaden Minerals when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Almaden Minerals - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Almaden Minerals to buy it.

The correlation of Almaden Minerals is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Almaden Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Almaden Minerals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Almaden Minerals can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Almaden Minerals is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Almaden Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Almaden Minerals Stock. Highlighted below are key reports to facilitate an investment decision about Almaden Minerals Stock:

How To Invest In Almaden

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Is Almaden Stock a good investment?

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What is Almaden Minerals' Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

Note that the Almaden Minerals information on this page should be used as a complementary analysis to other Almaden Minerals' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

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

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Is Almaden Minerals' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Almaden Minerals. If investors know Almaden will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Almaden Minerals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.07)

Return On Assets

(0.94)

Return On Equity

(1.66)

The market value of Almaden Minerals is measured differently than its book value, which is the value of Almaden that is recorded on the company's balance sheet. Investors also form their own opinion of Almaden Minerals' value that differs from its market value or its book value, called intrinsic value, which is Almaden Minerals' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Almaden Minerals' market value can be influenced by many factors that don't directly affect Almaden Minerals' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Almaden Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Almaden Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Almaden Minerals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Almaden Cost Of Revenue vs Ebit Analysis

Cost Of Revenue vs Ebit

Cost Of Revenue vs Ebit Correlation Analysis

Correlation Coefficient

Cost Of Revenue

Ebit

Almaden Minerals fundamental ratios Correlations

Almaden Minerals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Almaden Minerals fundamental ratios Accounts

Pair Trading with Almaden Minerals

Moving against Almaden Stock

Complementary Tools for Almaden Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Liabilities Total	+ 0.99	Total Liab
Cash And Short Term Investments	+ 0.99	Total Current Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Common Stock Shares Outstanding	+ 0.98	Common Stock
Total Current Assets	+ 0.96	Cash

Non Currrent Assets Other	- 1.0	Other Current Assets
Net Debt	- 0.97	Cash
Non Current Liabilities Total	- 0.94	Inventory
Common Stock Shares Outstanding	- 0.94	Retained Earnings
Retained Earnings	- 0.94	Other Liab
Total Liab	- 0.93	Inventory