MAG Gross Profit vs Interest Income Analysis
MAG Stock | USD 12.24 0.12 0.97% |
MAG Silver financial indicator trend analysis is infinitely more than just investigating MAG Silver Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MAG Silver Corp is a good investment. Please check the relationship between MAG Silver Gross Profit and its Interest Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MAG Silver Corp. 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.
Gross Profit vs Interest Income
Gross Profit vs Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MAG Silver Corp Gross Profit account and Interest Income. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between MAG Silver's Gross Profit and Interest Income is -0.1. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Interest Income in the same time period over historical financial statements of MAG Silver Corp, assuming nothing else is changed. The correlation between historical values of MAG Silver's Gross Profit and Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of MAG Silver Corp are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Gross Profit i.e., MAG Silver's Gross Profit and Interest Income go up and down completely randomly.
Correlation Coefficient | -0.1 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of MAG Silver Corp minus its cost of goods sold. It is profit before MAG Silver 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.Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.Most indicators from MAG Silver's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MAG Silver 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MAG Silver Corp. 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. The MAG Silver's current Tax Provision is estimated to increase to about 2.4 M, while Selling General Administrative is projected to decrease to roughly 12.9 K.
2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 146K | 136K | 235K | 122.4K | Net Interest Income | 174K | 630K | 2.2M | 1.2M |
MAG Silver fundamental ratios Correlations
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MAG Silver Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MAG Silver fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 218.8M | 323.1M | 372.4M | 407.8M | 521.1M | 547.1M | |
Total Current Liabilities | 854K | 901K | 1.6M | 2.7M | 4.8M | 5.0M | |
Total Stockholder Equity | 215.2M | 316.7M | 367.5M | 401.7M | 504.2M | 529.4M | |
Net Debt | (71.8M) | (93.5M) | (56.4M) | (29.7M) | (68.2M) | (71.6M) | |
Retained Earnings | (201.5M) | (207.5M) | (196.4M) | (177.8M) | (128.5M) | (134.9M) | |
Cash | 72.4M | 94.0M | 56.7M | 30.0M | 68.4M | 54.2M | |
Non Current Assets Total | 146.1M | 227.7M | 313.0M | 375.9M | 449.4M | 471.9M | |
Non Currrent Assets Other | 7.3M | 12.5M | 20.2M | 37.2M | 53.3M | 55.9M | |
Cash And Short Term Investments | 72.4M | 94.0M | 56.7M | 30.0M | 68.4M | 57.0M | |
Common Stock Shares Outstanding | 86.1M | 91.1M | 95.5M | 98.6M | 102.6M | 63.6M | |
Liabilities And Stockholders Equity | 218.8M | 323.1M | 372.4M | 407.8M | 521.1M | 547.1M | |
Total Liab | 3.6M | 6.4M | 4.9M | 6.1M | 16.9M | 17.8M | |
Total Current Assets | 72.7M | 95.4M | 59.4M | 31.9M | 71.7M | 58.1M | |
Common Stock | 400.0M | 496.6M | 543.9M | 559.9M | 611.2M | 641.8M | |
Property Plant And Equipment Net | 8.0M | 13.1M | 20.7M | 37.6M | 299.5K | 284.5K | |
Accounts Payable | 780K | 808K | 1.5M | 2.5M | 2.7M | 2.8M | |
Net Receivables | 83K | 897K | 2.1M | 708K | 1.6M | 894.4K | |
Non Current Liabilities Total | 2.7M | 5.5M | 3.2M | 3.5M | 12.2M | 12.8M | |
Other Current Assets | 269K | 509K | 525.3K | 1.2M | 1.8M | 1.9M | |
Other Stockholder Equity | 16.8M | 28.3M | 1.8M | 784K | 705.6K | 670.3K | |
Property Plant And Equipment Gross | 8.0M | 13.1M | 21.7M | 38.8M | 52.9M | 55.6M | |
Accumulated Other Comprehensive Income | 16.8M | 27.5M | 20.0M | 19.6M | 21.4M | 22.5M | |
Common Stock Total Equity | 392.6M | 392.9M | 400.0M | 496.6M | 571.1M | 599.6M | |
Other Current Liab | 74K | 808K | 1.5M | 2.5M | 4.6M | 4.8M | |
Other Liab | 2.2M | 5.1M | 3.0M | 3.3M | 3.8M | 2.0M | |
Net Tangible Assets | 215.2M | 316.7M | 367.5M | 401.7M | 462.0M | 485.0M | |
Long Term Investments | 138.1M | 214.5M | 292.3M | 338.3M | 394.6M | 414.4M | |
Short Term Debt | 74K | 93K | 110K | 121K | 153.2K | 160.9K | |
Property Plant Equipment | 8.0M | 13.1M | 20.7M | 37.6M | 33.8M | 24.0M | |
Long Term Debt Total | 467K | 383K | 275K | 140K | 161K | 173.9K | |
Capital Lease Obligations | 541K | 476K | 385K | 261K | 154K | 222.1K | |
Cash And Equivalents | 0.0 | 94.0M | 56.7M | 30.0M | 27.0M | 53.6M | |
Net Invested Capital | 215.2M | 316.7M | 367.5M | 401.7M | 506.8M | 352.3M | |
Net Working Capital | 71.9M | 94.5M | 57.8M | 29.2M | 67.3M | 69.7M | |
Capital Stock | 400.0M | 496.6M | 543.9M | 559.9M | 614.4M | 551.4M |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MAG Silver Corp. 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 MAG Silver Corp information on this page should be used as a complementary analysis to other MAG Silver's 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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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When running MAG Silver's price analysis, check to measure MAG Silver's 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 MAG Silver is operating at the current time. Most of MAG Silver's value examination focuses on studying past and present price action to predict the probability of MAG Silver's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MAG Silver's price. Additionally, you may evaluate how the addition of MAG Silver to your portfolios can decrease your overall portfolio volatility.
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Is MAG Silver's 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 MAG Silver. If investors know MAG 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 MAG Silver listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.076 | Earnings Share 0.47 | Return On Assets (0.02) | Return On Equity 0.1071 |
The market value of MAG Silver Corp is measured differently than its book value, which is the value of MAG that is recorded on the company's balance sheet. Investors also form their own opinion of MAG Silver's value that differs from its market value or its book value, called intrinsic value, which is MAG Silver's 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 MAG Silver's market value can be influenced by many factors that don't directly affect MAG Silver's 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 MAG Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine if MAG Silver is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MAG Silver's 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.