Austin Cost Of Revenue vs Net Income Analysis
| AUST Stock | USD 1.68 0.10 5.62% |
Austin Gold financial indicator trend analysis is way more than just evaluating Austin Gold Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Austin Gold Corp is a good investment. Please check the relationship between Austin Gold Cost Of Revenue and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Austin Gold 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 state.
Cost Of Revenue vs Net Income
Cost Of Revenue vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Austin Gold Corp Cost Of Revenue account and Net Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Austin Gold's Cost Of Revenue and Net Income is 0.6. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Net Income in the same time period over historical financial statements of Austin Gold Corp, assuming nothing else is changed. The correlation between historical values of Austin Gold's Cost Of Revenue and Net 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 Cost Of Revenue of Austin Gold Corp are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Cost Of Revenue i.e., Austin Gold's Cost Of Revenue and Net Income go up and down completely randomly.
Correlation Coefficient | 0.6 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Cost Of Revenue
Cost of Revenue is found on Austin Gold Corp income statement and represents the costs associated with goods and services Austin Gold 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.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Austin Gold Corp financial statement analysis. It represents the amount of money remaining after all of Austin Gold Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Austin Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Austin Gold 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Austin Gold 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 state. Tax Provision is likely to gain to 162.75 in 2024, whereas Selling General Administrative is likely to drop slightly above 1.4 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 283.6K | 1.7M | 3.0M | 1.8M | Cost Of Revenue | 768.62 | 527.0 | 354.0 | 420.26 |
Austin Gold fundamental ratios Correlations
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Austin Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Additional Tools for Austin Stock Analysis
When running Austin Gold's price analysis, check to measure Austin Gold'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 Austin Gold is operating at the current time. Most of Austin Gold's value examination focuses on studying past and present price action to predict the probability of Austin Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Austin Gold's price. Additionally, you may evaluate how the addition of Austin Gold to your portfolios can decrease your overall portfolio volatility.