Chibougamau Operating Income vs Ebit Analysis

CBG Stock

CAD 0.13 0.01 7.14%

Chibougamau Independent financial indicator trend analysis is way more than just evaluating Chibougamau Independent prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chibougamau Independent is a good investment. Please check the relationship between Chibougamau Independent Operating Income and its Ebit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chibougamau Independent Mines. 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.

Operating Income vs Ebit

Operating Income vs Ebit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chibougamau Independent Operating Income account and Ebit. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Chibougamau Independent's Operating Income and Ebit is 0.98. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Ebit in the same time period over historical financial statements of Chibougamau Independent Mines, assuming nothing else is changed. The correlation between historical values of Chibougamau Independent's Operating Income and Ebit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Chibougamau Independent Mines are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Operating Income i.e., Chibougamau Independent's Operating Income and Ebit go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

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Operating Income

Operating Income is the amount of profit realized from Chibougamau Independent 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 Chibougamau Independent Mines 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.

Ebit

Most indicators from Chibougamau Independent's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chibougamau Independent 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 Chibougamau Independent Mines. 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.

Selling General Administrative is likely to drop to about 167.5 K in 2024. Tax Provision is likely to drop to about (68.3 K) in 2024

Chibougamau Independent fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Net Receivables	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Long Term Debt	Short Term Investments	Other Stockholder Equity	Short Long Term Debt	Short Term Debt	Other Current Liab	Non Current Assets Total	Non Current Liabilities Total	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Other Current Assets	Capital Stock
Total Assets		-0.45	1.0	0.96	1.0	0.91	-0.15	-0.38	0.96	0.85	-0.21	-0.49	0.99	-0.07	-0.08	-0.14	0.4	0.33	-0.5	0.66	0.65	-0.46	-0.21	-0.21	0.2	-0.42
Total Current Liabilities	-0.45		-0.47	-0.6	-0.5	-0.74	0.79	0.71	-0.48	-0.01	0.6	0.83	-0.51	0.32	-0.17	-0.15	-0.53	-0.43	0.77	-0.68	-0.65	0.87	0.51	0.52	-0.75	0.89
Total Stockholder Equity	1.0	-0.47		0.96	1.0	0.91	-0.16	-0.4	0.97	0.83	-0.23	-0.51	0.99	-0.08	-0.07	-0.13	0.41	0.33	-0.52	0.67	0.65	-0.48	-0.23	-0.23	0.2	-0.44
Other Liab	0.96	-0.6	0.96		0.97	0.97	-0.25	-0.57	0.91	0.77	-0.43	-0.64	0.97	-0.19	-0.09	-0.11	0.59	0.51	-0.65	0.82	0.78	-0.62	-0.36	-0.36	0.28	-0.58
Net Tangible Assets	1.0	-0.5	1.0	0.97		0.93	-0.2	-0.4	0.96	0.82	-0.24	-0.52	1.0	-0.05	-0.09	-0.17	0.42	0.34	-0.51	0.66	0.65	-0.49	-0.23	-0.23	0.25	-0.46
Retained Earnings	0.91	-0.74	0.91	0.97	0.93		-0.44	-0.64	0.88	0.64	-0.48	-0.76	0.93	-0.22	-0.01	-0.08	0.63	0.54	-0.71	0.82	0.79	-0.77	-0.41	-0.41	0.46	-0.75
Accounts Payable	-0.15	0.79	-0.16	-0.25	-0.2	-0.44		0.35	-0.13	0.19	0.3	0.62	-0.19	0.13	-0.24	-0.06	-0.3	-0.27	0.25	-0.33	-0.37	0.63	0.2	0.21	-0.94	0.71
Cash	-0.38	0.71	-0.4	-0.57	-0.4	-0.64	0.35		-0.44	-0.02	0.93	0.82	-0.46	0.4	0.11	0.02	-0.68	-0.62	0.83	-0.66	-0.5	0.8	0.82	0.82	-0.25	0.77
Net Receivables	0.96	-0.48	0.97	0.91	0.96	0.88	-0.13	-0.44		0.73	-0.27	-0.48	0.97	-0.03	-0.14	-0.16	0.38	0.29	-0.56	0.58	0.54	-0.46	-0.33	-0.33	0.19	-0.43
Total Liab	0.85	-0.01	0.83	0.77	0.82	0.64	0.19	-0.02	0.73		0.04	-0.08	0.81	0.13	-0.19	-0.26	0.25	0.24	-0.13	0.47	0.49	-0.06	0.05	0.05	-0.06	-0.03
Total Current Assets	-0.21	0.6	-0.23	-0.43	-0.24	-0.48	0.3	0.93	-0.27	0.04		0.69	-0.31	0.29	0.35	0.2	-0.74	-0.7	0.74	-0.57	-0.42	0.66	0.79	0.79	-0.21	0.64
Common Stock	-0.49	0.83	-0.51	-0.64	-0.52	-0.76	0.62	0.82	-0.48	-0.08	0.69		-0.54	0.54	-0.15	-0.11	-0.68	-0.59	0.75	-0.76	-0.71	0.96	0.49	0.49	-0.46	0.91
Property Plant Equipment	0.99	-0.51	0.99	0.97	1.0	0.93	-0.19	-0.46	0.97	0.81	-0.31	-0.54		-0.04	-0.14	-0.2	0.44	0.37	-0.54	0.67	0.64	-0.51	-0.3	-0.3	0.24	-0.48
Long Term Debt	-0.07	0.32	-0.08	-0.19	-0.05	-0.22	0.13	0.4	-0.03	0.13	0.29	0.54	-0.04		-0.53	-0.73	-0.49	-0.43	0.47	-0.63	-0.6	0.5	0.25	0.25	-0.04	0.41
Short Term Investments	-0.08	-0.17	-0.07	-0.09	-0.09	-0.01	-0.24	0.11	-0.14	-0.19	0.35	-0.15	-0.14	-0.53		0.82	-0.16	-0.24	0.03	0.16	0.16	-0.23	0.12	0.12	0.23	-0.22
Other Stockholder Equity	-0.14	-0.15	-0.13	-0.11	-0.17	-0.08	-0.06	0.02	-0.16	-0.26	0.2	-0.11	-0.2	-0.73	0.82		-0.1	-0.18	-0.13	0.25	0.24	-0.18	-0.11	-0.11	0.07	-0.17
Short Long Term Debt	0.4	-0.53	0.41	0.59	0.42	0.63	-0.3	-0.68	0.38	0.25	-0.74	-0.68	0.44	-0.49	-0.16	-0.1		0.98	-0.71	0.82	0.78	-0.67	-0.39	-0.39	0.31	-0.62
Short Term Debt	0.33	-0.43	0.33	0.51	0.34	0.54	-0.27	-0.62	0.29	0.24	-0.7	-0.59	0.37	-0.43	-0.24	-0.18	0.98		-0.6	0.74	0.71	-0.57	-0.33	-0.33	0.28	-0.53
Other Current Liab	-0.5	0.77	-0.52	-0.65	-0.51	-0.71	0.25	0.83	-0.56	-0.13	0.74	0.75	-0.54	0.47	0.03	-0.13	-0.71	-0.6		-0.77	-0.7	0.78	0.6	0.61	-0.23	0.73
Non Current Assets Total	0.66	-0.68	0.67	0.82	0.66	0.82	-0.33	-0.66	0.58	0.47	-0.57	-0.76	0.67	-0.63	0.16	0.25	0.82	0.74	-0.77		0.96	-0.75	-0.42	-0.42	0.35	-0.7
Non Current Liabilities Total	0.65	-0.65	0.65	0.78	0.65	0.79	-0.37	-0.5	0.54	0.49	-0.42	-0.71	0.64	-0.6	0.16	0.24	0.78	0.71	-0.7	0.96		-0.7	-0.2	-0.2	0.39	-0.65
Common Stock Shares Outstanding	-0.46	0.87	-0.48	-0.62	-0.49	-0.77	0.63	0.8	-0.46	-0.06	0.66	0.96	-0.51	0.5	-0.23	-0.18	-0.67	-0.57	0.78	-0.75	-0.7		0.54	0.54	-0.53	0.98
Net Invested Capital	-0.21	0.51	-0.23	-0.36	-0.23	-0.41	0.2	0.82	-0.33	0.05	0.79	0.49	-0.3	0.25	0.12	-0.11	-0.39	-0.33	0.6	-0.42	-0.2	0.54		1.0	-0.2	0.56
Net Working Capital	-0.21	0.52	-0.23	-0.36	-0.23	-0.41	0.21	0.82	-0.33	0.05	0.79	0.49	-0.3	0.25	0.12	-0.11	-0.39	-0.33	0.61	-0.42	-0.2	0.54	1.0		-0.2	0.56
Other Current Assets	0.2	-0.75	0.2	0.28	0.25	0.46	-0.94	-0.25	0.19	-0.06	-0.21	-0.46	0.24	-0.04	0.23	0.07	0.31	0.28	-0.23	0.35	0.39	-0.53	-0.2	-0.2		-0.64
Capital Stock	-0.42	0.89	-0.44	-0.58	-0.46	-0.75	0.71	0.77	-0.43	-0.03	0.64	0.91	-0.48	0.41	-0.22	-0.17	-0.62	-0.53	0.73	-0.7	-0.65	0.98	0.56	0.56	-0.64

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Chibougamau Independent Account Relationship Matchups

Chibougamau Independent fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	604.4K	1.3M	1.0M	616.2K	930.9K	1.0M
Total Current Liabilities	219.8K	215.4K	272.8K	157.2K	369.4K	387.9K
Total Stockholder Equity	384.6K	1.0M	765.9K	459.0K	561.5K	858.4K
Net Tangible Assets	384.6K	1.0M	765.9K	459.0K	413.1K	392.5K
Retained Earnings	(10.5M)	(10.7M)	(11.0M)	(12.0M)	(12.1M)	(12.7M)
Accounts Payable	27.5K	47.6K	55.2K	67.5K	323.5K	339.7K
Cash	540.0K	1.2M	779.3K	534.1K	839.9K	497.3K
Net Receivables	9.1K	4.3K	4.2K	60.9K	33.0K	39.7K
Total Liab	219.8K	275.2K	272.8K	157.2K	369.4K	243.7K
Total Current Assets	604.4K	1.3M	1.0M	616.2K	930.9K	699.2K
Common Stock	10.1M	11.0M	11.1M	11.6M	13.3M	10.7M
Short Term Investments	39.6K	93.5K	230.0K	0.0	39.2K	37.2K
Other Current Liab	214.3K	192.4K	248.7K	132.5K	152.4K	136.7K
Common Stock Shares Outstanding	46.7M	53.1M	53.6M	59.2M	61.1M	55.6M
Net Invested Capital	384.6K	1.1M	765.9K	459.0K	561.5K	649.1K
Net Working Capital	384.6K	1.1M	765.9K	459.0K	561.5K	645.7K
Capital Stock	10.1M	11.0M	11.1M	11.6M	11.8M	11.9M

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