Boyd Ebitda vs Operating Income Analysis

BYD Stock  CAD 206.30  1.21  0.59%   
Boyd Group financial indicator trend analysis is way more than just evaluating Boyd Group Services prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Boyd Group Services is a good investment. Please check the relationship between Boyd Group Ebitda and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boyd Group Services. 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.

Ebitda vs Operating Income

Ebitda vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Boyd Group Services Ebitda account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Boyd Group's Ebitda and Operating Income is 0.94. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Operating Income in the same time period over historical financial statements of Boyd Group Services, assuming nothing else is changed. The correlation between historical values of Boyd Group's Ebitda 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 Ebitda of Boyd Group Services 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 Ebitda i.e., Boyd Group's Ebitda and Operating Income go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Ebitda

Operating Income

Operating Income is the amount of profit realized from Boyd Group Services 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 Boyd Group Services 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 Boyd Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Boyd Group Services 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 Boyd Group Services. 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.
At this time, Boyd Group's Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024, Enterprise Value is likely to grow to about 5.9 B, while Tax Provision is likely to drop about 18.9 M.
 2021 2022 2023 2024 (projected)
Gross Profit839.3M1.1B1.5B1.6B
Total Revenue1.9B2.4B4.0B4.2B

Boyd Group fundamental ratios Correlations

0.990.311.00.990.99-0.310.990.940.99-0.071.00.280.95-0.080.960.950.540.990.980.98-0.211.00.990.980.98
0.990.240.980.960.99-0.330.990.930.97-0.130.990.220.94-0.140.920.920.50.990.970.97-0.210.990.990.950.99
0.310.240.350.370.24-0.020.220.330.390.240.30.950.160.240.420.390.360.240.320.37-0.20.270.240.370.19
1.00.980.350.990.99-0.290.980.941.0-0.051.00.320.94-0.070.970.950.550.990.980.99-0.210.990.980.980.97
0.990.960.370.990.97-0.290.960.930.980.00.990.320.93-0.010.960.980.580.970.960.97-0.230.970.970.970.96
0.990.990.240.990.97-0.311.00.960.97-0.150.990.220.96-0.160.930.910.450.990.980.96-0.170.990.980.950.99
-0.31-0.33-0.02-0.29-0.29-0.31-0.33-0.32-0.260.02-0.310.07-0.310.03-0.24-0.28-0.06-0.32-0.28-0.250.53-0.31-0.33-0.26-0.34
0.990.990.220.980.961.0-0.330.940.96-0.170.990.20.96-0.190.920.910.461.00.980.96-0.181.00.990.940.99
0.940.930.330.940.930.96-0.320.940.92-0.240.940.330.89-0.250.870.840.30.930.920.91-0.120.930.930.880.94
0.990.970.391.00.980.97-0.260.960.92-0.020.980.370.92-0.030.990.940.570.970.981.0-0.230.980.950.990.94
-0.07-0.130.24-0.050.0-0.150.02-0.17-0.24-0.02-0.080.17-0.121.00.010.10.51-0.12-0.16-0.07-0.23-0.1-0.130.07-0.13
1.00.990.31.00.990.99-0.310.990.940.98-0.080.270.95-0.10.950.950.530.990.980.98-0.211.00.990.970.98
0.280.220.950.320.320.220.070.20.330.370.170.270.10.160.410.290.20.220.30.37-0.10.250.180.350.15
0.950.940.160.940.930.96-0.310.960.890.92-0.120.950.1-0.130.860.90.470.950.950.9-0.180.950.970.910.96
-0.08-0.140.24-0.07-0.01-0.160.03-0.19-0.25-0.031.0-0.10.16-0.130.00.090.51-0.14-0.17-0.09-0.23-0.12-0.140.05-0.15
0.960.920.420.970.960.93-0.240.920.870.990.010.950.410.860.00.930.580.940.950.99-0.240.950.910.990.89
0.950.920.390.950.980.91-0.280.910.840.940.10.950.290.90.090.930.710.910.910.92-0.270.930.940.940.91
0.540.50.360.550.580.45-0.060.460.30.570.510.530.20.470.510.580.710.490.480.53-0.270.510.540.60.48
0.990.990.240.990.970.99-0.321.00.930.97-0.120.990.220.95-0.140.940.910.490.990.97-0.21.00.980.960.98
0.980.970.320.980.960.98-0.280.980.920.98-0.160.980.30.95-0.170.950.910.480.990.98-0.180.990.970.970.95
0.980.970.370.990.970.96-0.250.960.911.0-0.070.980.370.9-0.090.990.920.530.970.98-0.230.980.940.980.93
-0.21-0.21-0.2-0.21-0.23-0.170.53-0.18-0.12-0.23-0.23-0.21-0.1-0.18-0.23-0.24-0.27-0.27-0.2-0.18-0.23-0.2-0.2-0.25-0.18
1.00.990.270.990.970.99-0.311.00.930.98-0.11.00.250.95-0.120.950.930.511.00.990.98-0.20.980.970.98
0.990.990.240.980.970.98-0.330.990.930.95-0.130.990.180.97-0.140.910.940.540.980.970.94-0.20.980.930.99
0.980.950.370.980.970.95-0.260.940.880.990.070.970.350.910.050.990.940.60.960.970.98-0.250.970.930.92
0.980.990.190.970.960.99-0.340.990.940.94-0.130.980.150.96-0.150.890.910.480.980.950.93-0.180.980.990.92
Click cells to compare fundamentals

Boyd Group Account Relationship Matchups

Boyd Group fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.5B1.6B2.0B2.1B3.1B3.3B
Short Long Term Debt Total897.8M599.4M985.4M978.1M1.5B1.6B
Other Current Liab712.7K2.4M2.4M2.3M3.2M3.4M
Total Current Liabilities308.0M305.6M367.7M424.3M622.4M653.5M
Total Stockholder Equity468.4M710.6M726.4M746.6M1.1B1.1B
Property Plant And Equipment Net588.2M619.0M834.2M883.0M1.4B1.5B
Net Debt683.8M537.7M957.7M963.0M1.5B1.5B
Retained Earnings34.1M71.0M56.7M88.2M218.1M229.0M
Accounts Payable206.5M209.8M258.4M307.7M448.1M470.5M
Cash27.2M60.9M27.7M15.1M29.7M21.6M
Non Current Assets Total1.3B1.4B1.8B1.8B2.8B2.9B
Non Currrent Assets Other2.6M4.4M5.8M6.1M318.7M334.6M
Other Assets3.3M6.5M7.5M9.9M11.4M11.9M
Cash And Short Term Investments27.2M60.9M27.7M15.1M29.7M20.0M
Net Receivables87.3M92.9M110.6M144.9M202.4M212.5M
Common Stock Total Equity443.5M475.4M511.2M771.9M887.7M932.1M
Common Stock Shares Outstanding18.7M19.9M19.9M21.5M21.5M13.6M
Liabilities And Stockholders Equity1.5B1.6B2.0B2.1B3.1B3.3B
Non Current Liabilities Total679.0M552.9M933.0M931.9M1.4B1.5B
Inventory36.7M32.0M66.8M78.8M103.6M108.7M
Other Current Assets25.6M20.2M29.6M36.5M55.0M57.8M
Other Stockholder Equity3.1M3.1M3.7M4.0M6.0M5.7M
Total Liab987.0M858.5M1.3B1.4B2.0B2.2B
Property Plant And Equipment Gross768.4M789.3M1.1B1.1B1.4B1.5B
Total Current Assets176.7M206.1M234.7M275.3M390.7M410.2M
Short Term Debt100.8M93.4M106.8M114.2M171.1M179.7M
Common Stock349.1M391.4M605.4M600.0M791.2M830.8M
Accumulated Other Comprehensive Income39.9M31.1M66.0M54.3M76.9M80.7M
Intangible Assets265.9M276.0M348.7M332.9M342.8M359.9M
Good Will424.6M463.0M602.0M601.7M836.0M877.8M
Long Term Debt393.1M209.6M428.2M344.8M399.7M323.9M
Long Term Debt Total797.0M506.0M878.6M863.9M993.4M542.6M
Property Plant Equipment768.4M789.3M834.2M883.0M1.0B552.6M
Other Liab90.0M60.8M54.4M68.1M61.3M68.0M
Net Tangible Assets(290.1M)(36.2M)(224.3M)(188.0M)(169.2M)(177.7M)
Capital Lease Obligations513.4M533.9M543.3M617.9M715.3M406.0M
Short Long Term Debt22.1M19.9M13.9M15.4M22.0M18.9M

Pair Trading with Boyd Group

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 Boyd Group 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 Boyd Group will appreciate offsetting losses from the drop in the long position's value.

Moving against Boyd Stock

  0.48MSFT Microsoft Corp CDRPairCorr
The ability to find closely correlated positions to Boyd Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boyd Group 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 Boyd Group - 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 Boyd Group Services to buy it.
The correlation of Boyd Group 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 Boyd Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boyd Group Services 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 Boyd Group 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 CorrelationCorrelation Matching

Other Information on Investing in Boyd Stock

Balance Sheet is a snapshot of the financial position of Boyd Group Services at a specified time, usually calculated after every quarter, six months, or one year. Boyd Group Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Boyd Group and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Boyd currently owns. An asset can also be divided into two categories, current and non-current.