Biglari Income Before Tax vs Operating Income Analysis

BH-A Stock  USD 1,166  9.30  0.79%   
Biglari Holdings financial indicator trend analysis is way more than just evaluating Biglari Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Biglari Holdings is a good investment. Please check the relationship between Biglari Holdings Income Before Tax and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Biglari Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade Biglari Stock refer to our How to Trade Biglari Stock guide.

Income Before Tax vs Operating Income

Income Before Tax vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Biglari Holdings Income Before Tax account and Operating Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Biglari Holdings' Income Before Tax and Operating Income is 0.4. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Operating Income in the same time period over historical financial statements of Biglari Holdings, assuming nothing else is changed. The correlation between historical values of Biglari Holdings' Income Before Tax and Operating 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 Income Before Tax of Biglari Holdings are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Income Before Tax i.e., Biglari Holdings' Income Before Tax and Operating Income go up and down completely randomly.

Correlation Coefficient

0.4
Relationship DirectionPositive 
Relationship StrengthWeak

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Biglari Holdings income statement and is an important metric when analyzing Biglari Holdings profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Operating Income

Operating Income is the amount of profit realized from Biglari Holdings operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Biglari Holdings is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most indicators from Biglari Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Biglari Holdings 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 Biglari Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade Biglari Stock refer to our How to Trade Biglari Stock guide.At present, Biglari Holdings' Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 6.1 M, whereas Sales General And Administrative To Revenue is forecasted to decline to 0.11.
 2021 2022 2023 2024 (projected)
Interest Expense7.2M5.9M5.8M11.5M
Depreciation And Amortization30.1M36.4M39.0M22.0M

Biglari Holdings fundamental ratios Correlations

0.690.220.590.780.670.640.550.560.970.410.220.410.070.770.530.490.260.910.040.320.130.84-0.78-0.78-0.07
0.690.040.380.30.320.94-0.010.750.610.170.4-0.160.570.840.760.480.520.88-0.370.450.120.68-0.57-0.570.06
0.220.040.070.570.48-0.030.530.180.25-0.03-0.120.470.010.020.070.22-0.030.050.68-0.06-0.030.18-0.52-0.52-0.18
0.590.380.070.490.560.490.490.020.540.450.240.39-0.220.12-0.070.1-0.140.480.110.290.840.36-0.56-0.560.23
0.780.30.570.490.670.260.860.270.80.490.00.74-0.310.420.270.390.040.550.530.090.110.66-0.78-0.78-0.12
0.670.320.480.560.670.230.570.380.540.250.510.590.010.260.130.23-0.010.440.590.60.20.53-0.86-0.860.37
0.640.94-0.030.490.260.230.060.490.580.090.28-0.090.470.750.670.50.30.85-0.380.330.270.58-0.51-0.510.06
0.55-0.010.530.490.860.570.06-0.160.610.27-0.220.87-0.560.150.010.23-0.460.310.66-0.130.180.4-0.64-0.64-0.15
0.560.750.180.020.270.380.49-0.160.440.280.5-0.230.570.710.670.280.770.64-0.210.53-0.230.65-0.49-0.490.05
0.970.610.250.540.80.540.580.610.440.35-0.040.47-0.050.760.470.550.190.880.020.060.110.77-0.67-0.67-0.31
0.410.17-0.030.450.490.250.090.270.280.350.30.08-0.370.090.09-0.210.30.250.00.290.330.45-0.36-0.360.2
0.220.4-0.120.240.00.510.28-0.220.5-0.040.3-0.260.460.130.29-0.240.30.210.020.990.080.35-0.48-0.480.89
0.41-0.160.470.390.740.59-0.090.87-0.230.470.08-0.26-0.53-0.02-0.180.41-0.410.130.78-0.150.130.26-0.48-0.48-0.17
0.070.570.01-0.22-0.310.010.47-0.560.57-0.05-0.370.46-0.530.410.570.170.510.28-0.380.45-0.290.24-0.09-0.090.21
0.770.840.020.120.420.260.750.150.710.760.090.13-0.020.410.830.570.430.93-0.340.2-0.260.75-0.51-0.51-0.23
0.530.760.07-0.070.270.130.670.010.670.470.090.29-0.180.570.830.430.410.71-0.290.33-0.410.78-0.51-0.510.0
0.490.480.220.10.390.230.50.230.280.55-0.21-0.240.410.170.570.430.270.540.07-0.12-0.120.4-0.31-0.31-0.43
0.260.52-0.03-0.140.04-0.010.3-0.460.770.190.30.3-0.410.510.430.410.270.33-0.380.3-0.160.31-0.04-0.04-0.05
0.910.880.050.480.550.440.850.310.640.880.250.210.130.280.930.710.540.33-0.260.280.090.8-0.66-0.66-0.12
0.04-0.370.680.110.530.59-0.380.66-0.210.020.00.020.78-0.38-0.34-0.290.07-0.38-0.260.080.00.01-0.44-0.440.18
0.320.45-0.060.290.090.60.33-0.130.530.060.290.99-0.150.450.20.33-0.120.30.280.080.080.43-0.57-0.570.85
0.130.12-0.030.840.110.20.270.18-0.230.110.330.080.13-0.29-0.26-0.41-0.12-0.160.090.00.08-0.14-0.14-0.140.21
0.840.680.180.360.660.530.580.40.650.770.450.350.260.240.750.780.40.310.80.010.43-0.14-0.78-0.780.05
-0.78-0.57-0.52-0.56-0.78-0.86-0.51-0.64-0.49-0.67-0.36-0.48-0.48-0.09-0.51-0.51-0.31-0.04-0.66-0.44-0.57-0.14-0.781.0-0.31
-0.78-0.57-0.52-0.56-0.78-0.86-0.51-0.64-0.49-0.67-0.36-0.48-0.48-0.09-0.51-0.51-0.31-0.04-0.66-0.44-0.57-0.14-0.781.0-0.31
-0.070.06-0.180.23-0.120.370.06-0.150.05-0.310.20.89-0.170.21-0.230.0-0.43-0.05-0.120.180.850.210.05-0.31-0.31
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Biglari Holdings Account Relationship Matchups

Biglari Holdings fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.1B1.0B894.8M828.5M859.1M543.8M
Short Long Term Debt Total197.8M244.8M121.4M118.8M101.2M144.1M
Other Current Liab28.0M36.9M41.1M64.6M68.5M71.9M
Total Current Liabilities139.8M288.4M143.6M134.9M111.1M82.3M
Total Stockholder Equity616.3M564.8M587.7M547.0M599.3M629.3M
Property Plant And Equipment Net410.3M359.0M391.9M435.5M412.7M285.2M
Net Debt130.0M220.3M79.0M81.4M73.2M113.0M
Retained Earnings611.0M573.1M608.5M576.5M631.5M663.0M
Cash67.8M24.5M42.3M37.5M28.1M31.0M
Non Current Assets Total993.9M870.2M730.0M677.8M707.6M458.4M
Non Currrent Assets Other10.6M14.0M10.7M1.9M7.7M8.1M
Cash And Short Term Investments112.6M119.4M125.4M106.9M119.9M61.0M
Net Receivables21.6M19.2M28.5M29.4M22.2M23.4M
Liabilities And Stockholders Equity1.1B1.0B894.8M828.5M859.1M543.8M
Non Current Liabilities Total383.2M164.7M163.5M138.0M148.7M167.6M
Inventory4.7M2.7M3.8M3.9M3.0M5.3M
Other Current Assets6.4M6.5M7.1M10.5M6.4M7.3M
Other Stockholder Equity6.9M(7.8M)(20.1M)(27.9M)(30.7M)(29.2M)
Total Liab523.0M453.1M307.1M272.9M259.8M249.9M
Property Plant And Equipment Gross410.3M359.0M784.6M851.0M832.7M874.4M
Total Current Assets145.4M147.8M164.8M150.7M151.5M85.3M
Accumulated Other Comprehensive Income(2.8M)(1.5M)(1.9M)(2.8M)(2.5M)(2.6M)
Short Term Debt18.7M169.6M16.9M27.0M14.9M16.1M
Accounts Payable32.6M26.5M36.7M28.4M22.4M25.5M
Short Term Investments44.9M94.9M83.1M69.5M91.9M59.9M
Intangible Assets27.3M24.1M23.5M23.0M23.2M17.4M
Good Will40.0M53.6M53.5M53.5M53.5M38.2M
Current Deferred Revenue31.2M44.4M37.6M29.0M5.3M5.0M
Other Liab66.7M53.0M59.0M46.2M41.5M80.3M
Net Tangible Assets548.9M487.2M510.7M470.4M423.4M416.1M
Other Assets10.6M14.0M10.7M10.0M9.0M10.5M
Long Term Investments505.5M419.6M250.4M155.8M199.1M363.8M
Short Long Term Debt1.3M1.2M152.3M10M11.5M10.9M
Property Plant Equipment410.3M316.1M391.9M435.5M500.8M390.7M

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When determining whether Biglari Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Biglari Holdings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Biglari Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Biglari Holdings Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Biglari Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade Biglari Stock refer to our How to Trade Biglari Stock guide.
You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Please note, there is a significant difference between Biglari Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Biglari Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Biglari Holdings' 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.