Altius Total Current Assets vs Total Revenue Analysis

ALS Stock

CAD 21.69 0.14 0.64%

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

Total Current Assets vs Total Revenue

Total Current Assets vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altius Minerals Total Current Assets account and Total Revenue. At this time, the significance of the direction appears to have weak relationship.

The correlation between Altius Minerals' Total Current Assets and Total Revenue is 0.33. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Altius Minerals, assuming nothing else is changed. The correlation between historical values of Altius Minerals' Total Current Assets and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Altius Minerals are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Total Current Assets i.e., Altius Minerals' Total Current Assets and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.33

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Total Revenue

Total revenue comprises all receipts Altius Minerals generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Most indicators from Altius Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Altius 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, which includes a position in Altius Minerals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

At this time, Altius Minerals' Selling General Administrative is very stable compared to the past year. As of the 29th of May 2024, Tax Provision is likely to grow to about 5.4 M, while Sales General And Administrative To Revenue is likely to drop 0.29.

	2021	2022	2023	2024 (projected)
Gross Profit	34.3M	53.7M	47.7M	50.0M
Total Revenue	63.2M	84.1M	69.0M	72.4M

Gross Profit Total Revenue

Altius Minerals fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Short Term Investments	Short Term Debt	Accounts Payable	Other Stockholder Equity	Short Long Term Debt Total	Non Currrent Assets Other	Other Liab	Net Tangible Assets
Total Assets		0.81	0.39	0.97	0.79	0.35	-0.45	0.71	0.96	0.16	0.66	0.74	0.78	0.88	0.84	0.9	0.3	0.92	-0.15	-0.36	0.25	0.21	0.43	-0.05	0.75	0.78
Other Current Liab	0.81		-0.01	0.77	0.56	-0.03	-0.38	0.87	0.69	0.42	0.45	0.41	0.43	0.6	0.53	0.74	0.52	0.74	0.08	-0.22	0.06	0.35	0.34	-0.45	0.57	0.76
Total Current Liabilities	0.39	-0.01		0.28	0.43	0.88	-0.22	-0.21	0.55	-0.46	0.37	0.38	0.42	0.7	0.77	0.33	-0.41	0.21	-0.36	-0.27	0.6	-0.2	0.32	0.23	0.43	0.06
Total Stockholder Equity	0.97	0.77	0.28		0.77	0.24	-0.34	0.73	0.9	0.3	0.63	0.76	0.83	0.79	0.73	0.85	0.43	0.91	-0.06	-0.21	0.25	0.28	0.45	0.05	0.7	0.74
Property Plant And Equipment Net	0.79	0.56	0.43	0.77		0.46	-0.78	0.39	0.85	-0.09	0.76	0.88	0.8	0.87	0.8	0.95	0.04	0.82	-0.24	-0.49	0.21	0.08	0.1	0.31	0.96	0.59
Net Debt	0.35	-0.03	0.88	0.24	0.46		-0.42	-0.28	0.56	-0.74	0.21	0.44	0.39	0.69	0.74	0.34	-0.65	0.32	-0.68	-0.56	0.28	-0.36	-0.02	0.38	0.42	0.12
Retained Earnings	-0.45	-0.38	-0.22	-0.34	-0.78	-0.42		-0.17	-0.56	0.41	-0.46	-0.62	-0.4	-0.61	-0.56	-0.74	0.29	-0.61	0.48	0.76	0.17	0.15	0.35	-0.18	-0.73	-0.47
Cash	0.71	0.87	-0.21	0.73	0.39	-0.28	-0.17		0.53	0.63	0.24	0.3	0.36	0.38	0.29	0.59	0.71	0.67	0.21	-0.05	0.08	0.35	0.32	-0.39	0.39	0.7
Non Current Assets Total	0.96	0.69	0.55	0.9	0.85	0.56	-0.56	0.53		-0.08	0.66	0.8	0.8	0.96	0.93	0.91	0.06	0.9	-0.34	-0.52	0.26	0.04	0.29	0.11	0.8	0.73
Cash And Short Term Investments	0.16	0.42	-0.46	0.3	-0.09	-0.74	0.41	0.63	-0.08		0.15	-0.08	0.08	-0.21	-0.27	0.05	0.98	0.04	0.79	0.68	0.16	0.67	0.53	-0.43	-0.05	0.21
Net Receivables	0.66	0.45	0.37	0.63	0.76	0.21	-0.46	0.24	0.66	0.15		0.66	0.64	0.64	0.63	0.77	0.23	0.54	0.06	-0.12	0.23	0.38	0.37	0.07	0.7	0.51
Common Stock Total Equity	0.74	0.41	0.38	0.76	0.88	0.44	-0.62	0.3	0.8	-0.08	0.66		0.96	0.78	0.72	0.82	0.08	0.8	-0.27	-0.46	0.14	0.04	0.16	0.43	0.79	0.65
Common Stock Shares Outstanding	0.78	0.43	0.42	0.83	0.8	0.39	-0.4	0.36	0.8	0.08	0.64	0.96		0.75	0.71	0.76	0.22	0.78	-0.13	-0.26	0.26	0.13	0.38	0.39	0.72	0.61
Non Current Liabilities Total	0.88	0.6	0.7	0.79	0.87	0.69	-0.61	0.38	0.96	-0.21	0.64	0.78	0.75		0.98	0.88	-0.08	0.79	-0.33	-0.55	0.34	-0.02	0.26	0.13	0.86	0.6
Total Liab	0.84	0.53	0.77	0.73	0.8	0.74	-0.56	0.29	0.93	-0.27	0.63	0.72	0.71	0.98		0.81	-0.15	0.72	-0.35	-0.52	0.37	-0.05	0.33	0.11	0.79	0.53
Property Plant And Equipment Gross	0.9	0.74	0.33	0.85	0.95	0.34	-0.74	0.59	0.91	0.05	0.77	0.82	0.76	0.88	0.81		0.18	0.89	-0.19	-0.51	0.15	0.15	0.16	0.09	0.92	0.75
Total Current Assets	0.3	0.52	-0.41	0.43	0.04	-0.65	0.29	0.71	0.06	0.98	0.23	0.08	0.22	-0.08	-0.15	0.18		0.2	0.7	0.57	0.16	0.69	0.55	-0.4	0.08	0.4
Common Stock	0.92	0.74	0.21	0.91	0.82	0.32	-0.61	0.67	0.9	0.04	0.54	0.8	0.78	0.79	0.72	0.89	0.2		-0.35	-0.5	0.02	0.09	0.16	0.12	0.71	0.8
Short Term Investments	-0.15	0.08	-0.36	-0.06	-0.24	-0.68	0.48	0.21	-0.34	0.79	0.06	-0.27	-0.13	-0.33	-0.35	-0.19	0.7	-0.35		0.75	0.13	0.63	0.42	-0.4	-0.09	-0.23
Short Term Debt	-0.36	-0.22	-0.27	-0.21	-0.49	-0.56	0.76	-0.05	-0.52	0.68	-0.12	-0.46	-0.26	-0.55	-0.52	-0.51	0.57	-0.5	0.75		0.21	0.57	0.53	-0.25	-0.45	-0.43
Accounts Payable	0.25	0.06	0.6	0.25	0.21	0.28	0.17	0.08	0.26	0.16	0.23	0.14	0.26	0.34	0.37	0.15	0.16	0.02	0.13	0.21		-0.17	0.54	0.0	0.26	-0.02
Other Stockholder Equity	0.21	0.35	-0.2	0.28	0.08	-0.36	0.15	0.35	0.04	0.67	0.38	0.04	0.13	-0.02	-0.05	0.15	0.69	0.09	0.63	0.57	-0.17		0.44	-0.32	0.12	0.21
Short Long Term Debt Total	0.43	0.34	0.32	0.45	0.1	-0.02	0.35	0.32	0.29	0.53	0.37	0.16	0.38	0.26	0.33	0.16	0.55	0.16	0.42	0.53	0.54	0.44		-0.37	0.1	0.22
Non Currrent Assets Other	-0.05	-0.45	0.23	0.05	0.31	0.38	-0.18	-0.39	0.11	-0.43	0.07	0.43	0.39	0.13	0.11	0.09	-0.4	0.12	-0.4	-0.25	0.0	-0.32	-0.37		0.22	-0.15
Other Liab	0.75	0.57	0.43	0.7	0.96	0.42	-0.73	0.39	0.8	-0.05	0.7	0.79	0.72	0.86	0.79	0.92	0.08	0.71	-0.09	-0.45	0.26	0.12	0.1	0.22		0.53
Net Tangible Assets	0.78	0.76	0.06	0.74	0.59	0.12	-0.47	0.7	0.73	0.21	0.51	0.65	0.61	0.6	0.53	0.75	0.4	0.8	-0.23	-0.43	-0.02	0.21	0.22	-0.15	0.53

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Altius Minerals Account Relationship Matchups

Altius Minerals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	566.9M	589.6M	721.4M	780.6M	773.5M	812.2M
Other Current Liab	443K	4.7M	5.6M	6.0M	7.0M	7.3M
Total Current Liabilities	26.8M	31.5M	19.6M	19.7M	12.9M	12.3M
Total Stockholder Equity	385.2M	362.9M	433.5M	486.2M	488.7M	513.2M
Property Plant And Equipment Net	269.3M	288.6M	260.9M	238.5M	214.7M	225.5M
Net Debt	85.7M	111.2M	15.2M	38.5M	44.3M	46.5M
Retained Earnings	10.1M	(31.9M)	12.6M	24.7M	13.3M	12.7M
Cash	22.1M	21.8M	100.0M	82.4M	130.4M	136.9M
Non Current Assets Total	529.0M	554.0M	606.5M	676.4M	628.8M	660.2M
Cash And Short Term Investments	22.1M	21.8M	100.0M	82.4M	94.7M	67.5M
Net Receivables	15.8M	13.8M	14.9M	21.8M	6.9M	5.9M
Common Stock Shares Outstanding	43.4M	43.0M	42.0M	42.6M	47.1M	33.5M
Liabilities And Stockholders Equity	566.9M	589.6M	721.4M	780.6M	897.7M	942.6M
Non Current Liabilities Total	140.1M	174.3M	172.8M	152.1M	148.1M	155.5M
Total Liab	166.9M	205.8M	192.4M	171.8M	161M	169.1M
Property Plant And Equipment Gross	269.3M	288.6M	360.7M	359.6M	304.3M	319.6M
Total Current Assets	37.9M	35.6M	114.9M	104.1M	144.7M	77.8M
Common Stock	262.7M	259.3M	260.8M	358.7M	412.5M	433.1M
Accounts Payable	6.4M	6.9M	6.1M	5.6M	4.2M	3.9M
Other Stockholder Equity	55.4M	75.3M	99.0M	90.4M	103.9M	56.6M
Accumulated Other Comprehensive Income	55.4M	78.4M	103.0M	102.8M	118.3M	124.2M
Short Long Term Debt Total	107.8M	133.0M	115.2M	120.9M	139.0M	91.2M
Other Liab	50.8M	59.0M	64.7M	38.4M	44.2M	43.8M
Net Tangible Assets	320.0M	299.8M	376.4M	486.2M	559.1M	354.0M
Other Assets	6.0M	8.5M	7.8M	8.9M	10.3M	6.8M
Long Term Debt	87.8M	113.0M	107.2M	112.9M	104.2M	96.6M
Long Term Investments	245.6M	250.9M	337.8M	429.1M	398.2M	346.2M
Property Plant Equipment	13.9M	15.5M	10.0M	238.5M	274.2M	287.9M
Long Term Debt Total	87.8M	113.0M	107.2M	112.9M	129.8M	94.7M
Net Invested Capital	436.0M	438.8M	491.6M	599.1M	592.9M	525.9M
Cash And Equivalents	22.1M	50K	8.7M	82.4M	94.7M	99.5M
Net Working Capital	11.1M	4.1M	95.2M	84.5M	131.8M	138.4M
Capital Stock	319.7M	316.4M	317.9M	358.7M	355.3M	365.3M

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Altius Total Current Assets vs Total Revenue Analysis

Total Current Assets vs Total Revenue

Total Current Assets vs Total Revenue Correlation Analysis

Correlation Coefficient

Total Current Assets

Total Revenue

Altius Minerals fundamental ratios Correlations

Altius Minerals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Altius Minerals fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Altius Stock analysis

COMMON DESTINATIONS

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COMPANY

Total Current Assets	+ 0.98	Cash And Short Term Investments
Total Liab	+ 0.98	Non Current Liabilities Total
Total Stockholder Equity	+ 0.97	Total Assets
Non Current Assets Total	+ 0.96	Total Assets
Other Liab	+ 0.96	Property Plant And Equipment Net
Non Current Liabilities Total	+ 0.96	Non Current Assets Total

Retained Earnings	- 0.78	Property Plant And Equipment Net
Property Plant And Equipment Gross	- 0.74	Retained Earnings
Cash And Short Term Investments	- 0.74	Net Debt
Other Liab	- 0.73	Retained Earnings
Short Term Investments	- 0.68	Net Debt
Total Current Assets	- 0.65	Net Debt