CareTrust Operating Income vs Net Income From Continuing Ops Analysis

CTRE Stock  USD 28.83  0.01  0.03%   
CareTrust REIT financial indicator trend analysis is way more than just evaluating CareTrust REIT prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CareTrust REIT is a good investment. Please check the relationship between CareTrust REIT Operating Income and its Net Income From Continuing Ops accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CareTrust REIT. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade CareTrust Stock refer to our How to Trade CareTrust Stock guide.

Operating Income vs Net Income From Continuing Ops

Operating Income vs Net Income From Continuing Ops Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CareTrust REIT Operating Income account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have weak relationship.
The correlation between CareTrust REIT's Operating Income and Net Income From Continuing Ops is 0.34. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of CareTrust REIT, assuming nothing else is changed. The correlation between historical values of CareTrust REIT's Operating Income and Net Income From Continuing Ops 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 CareTrust REIT are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Operating Income i.e., CareTrust REIT's Operating Income and Net Income From Continuing Ops go up and down completely randomly.

Correlation Coefficient

0.34
Relationship DirectionPositive 
Relationship StrengthVery Weak

Operating Income

Operating Income is the amount of profit realized from CareTrust REIT 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 CareTrust REIT 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.

Net Income From Continuing Ops

Most indicators from CareTrust REIT's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CareTrust REIT 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 CareTrust REIT. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade CareTrust Stock refer to our How to Trade CareTrust Stock guide.At present, CareTrust REIT's Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 20.38, whereas Selling General Administrative is forecasted to decline to about 14.6 M.
 2021 2022 2023 2024 (projected)
Interest Expense23.7M30.0M40.9M26.9M
Depreciation And Amortization85.8M83.7M51.2M53.0M

CareTrust REIT fundamental ratios Correlations

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0.990.890.920.950.490.290.680.930.920.970.70.680.990.990.490.18-0.720.950.890.55-0.720.98-0.82-0.830.99
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0.940.920.710.870.250.230.70.920.90.850.810.730.910.910.250.46-0.860.850.740.32-0.860.91-0.59-0.670.86
0.910.950.840.870.550.340.720.920.90.970.650.610.930.940.550.12-0.730.950.810.58-0.730.88-0.84-0.80.95
0.360.490.770.250.55-0.080.430.350.350.550.10.00.440.451.0-0.19-0.310.470.40.99-0.30.41-0.8-0.530.59
0.30.290.180.230.34-0.08-0.280.360.370.290.220.420.320.33-0.080.0-0.160.410.28-0.07-0.160.3-0.13-0.220.23
0.660.680.610.70.720.43-0.280.670.650.680.620.440.660.660.430.24-0.590.60.550.44-0.590.63-0.64-0.670.68
0.940.930.790.920.920.350.360.670.990.890.840.860.950.950.340.23-0.830.950.780.4-0.830.93-0.76-0.810.88
0.930.920.80.90.90.350.370.650.990.880.860.890.950.950.350.21-0.810.950.770.4-0.810.92-0.77-0.820.87
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0.760.70.570.810.650.10.220.620.840.860.570.880.750.750.10.49-0.730.660.450.14-0.730.74-0.48-0.580.61
0.750.680.550.730.610.00.420.440.860.890.60.880.750.750.00.27-0.710.750.580.06-0.710.75-0.49-0.650.58
0.990.990.890.910.930.440.320.660.950.950.950.750.751.00.440.2-0.730.950.890.51-0.720.99-0.81-0.840.97
0.990.990.890.910.940.450.330.660.950.950.960.750.751.00.440.19-0.720.950.890.51-0.720.99-0.81-0.840.97
0.360.490.770.250.551.0-0.080.430.340.350.550.10.00.440.44-0.19-0.310.470.40.99-0.30.41-0.8-0.520.59
0.260.180.050.460.12-0.190.00.240.230.210.040.490.270.20.19-0.19-0.470.020.01-0.16-0.470.260.190.060.11
-0.73-0.72-0.61-0.86-0.73-0.31-0.16-0.59-0.83-0.81-0.66-0.73-0.71-0.73-0.72-0.31-0.47-0.74-0.54-0.361.0-0.720.510.56-0.66
0.920.950.850.850.950.470.410.60.950.950.960.660.750.950.950.470.02-0.740.870.52-0.740.92-0.85-0.860.93
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0.430.550.820.320.580.99-0.070.440.40.40.610.140.060.510.510.99-0.16-0.360.520.47-0.360.48-0.82-0.570.65
-0.73-0.72-0.61-0.86-0.73-0.3-0.16-0.59-0.83-0.81-0.66-0.73-0.71-0.72-0.72-0.3-0.471.0-0.74-0.54-0.36-0.720.510.56-0.66
0.990.980.880.910.880.410.30.630.930.920.930.740.750.990.990.410.26-0.720.920.90.48-0.72-0.76-0.820.95
-0.74-0.82-0.92-0.59-0.84-0.8-0.13-0.64-0.76-0.77-0.87-0.48-0.49-0.81-0.81-0.80.190.51-0.85-0.75-0.820.51-0.760.85-0.87
-0.8-0.83-0.83-0.67-0.8-0.53-0.22-0.67-0.81-0.82-0.84-0.58-0.65-0.84-0.84-0.520.060.56-0.86-0.81-0.570.56-0.820.85-0.83
0.950.990.920.860.950.590.230.680.880.870.980.610.580.970.970.590.11-0.660.930.890.65-0.660.95-0.87-0.83
Click cells to compare fundamentals

CareTrust REIT Account Relationship Matchups

CareTrust REIT fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding93.1M95.2M96.1M96.7M106.2M66.3M
Total Assets1.5B1.5B1.6B1.6B2.1B1.3B
Total Stockholder Equity927.6M914.1M915.8M849.4M1.4B1.5B
Accounts Payable15.0M19.6M25.4M24.4M34.0M17.7M
Cash20.3M18.9M19.9M13.2M294.4M309.2M
Other Assets3.0M2.0M1.6B12.3M8.3M7.9M
Long Term Debt295.9M495.6M199.1M594.5M595.6M416.8M
Total Liab591.3M589.4M725.1M771.4M666.1M567.6M
Short Long Term Debt Total554.6M545.6M673.4M719.5M595.6M559.9M
Other Current Liab21.7M24.3M26.3M27.6M36.5M20.4M
Total Current Liabilities96.6M93.8M131.7M176.9M70.5M109.2M
Net Debt534.3M526.7M653.5M706.3M301.2M514.3M
Non Current Assets Total1.5B1.5B1.6B1.6B1.8B1.3B
Non Currrent Assets Other1.4B1.5B1.6B1.6B1.8B1.3B
Cash And Short Term Investments20.3M18.9M19.9M13.2M294.4M309.2M
Net Receivables2.6M1.8M2.4M416K395K375.3K
Common Stock Total Equity951K952K963K990K891K846.5K
Liabilities And Stockholders Equity1.5B1.5B1.6B1.6B2.1B1.3B
Non Current Liabilities Total494.6M495.6M593.4M594.5M595.6M488.6M
Other Current Assets10.9M17.7M12.3M12.3M15.0M8.3M
Total Current Assets68.3M38.4M34.7M25.9M309.9M325.3M
Common Stock951K952K963K990K1.3M1.2M
Net Tangible Assets927.6M914.1M915.8M849.4M976.8M708.6M
Retained Earnings(236.4M)(251.2M)(282.0M)(397.0M)(467.6M)(444.2M)
Retained Earnings Total Equity(236.4M)(251.2M)(282.0M)(397.0M)(357.3M)(339.4M)
Other Stockholder Equity1.2B1.2B1.2B1.2B1.9B1.1B
Deferred Long Term Liab3.0M2.0M1.1M5.4M6.2M6.6M
Short Long Term Debt60M50M80M125M112.5M192.3M
Short Term Debt60M50M80M125M595.6M625.4M
Intangible Assets1.7M2.4M1.3M2.8M5.3M5.5M
Property Plant Equipment1.4B1.5B1.6B1.4B1.6B1.1B
Long Term Debt Total295.9M495.6M199.1M594.5M683.7M369.1M
Capital Surpluse1.2B1.2B1.2B1.2B1.4B1.0B
Net Invested Capital1.5B1.5B1.6B1.6B2.0B1.7B
Net Working Capital(28.3M)(55.4M)(97.0M)(139.3M)239.3M251.3M
Capital Stock951K952K963K990K1.3M1.1M

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When determining whether CareTrust REIT is a strong investment it is important to analyze CareTrust REIT's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CareTrust REIT's future performance. For an informed investment choice regarding CareTrust Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CareTrust REIT. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade CareTrust Stock refer to our How to Trade CareTrust Stock guide.
You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Is Diversified REITs space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CareTrust REIT. If investors know CareTrust will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CareTrust REIT listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.614
Dividend Share
1.15
Earnings Share
0.73
Revenue Per Share
1.926
Quarterly Revenue Growth
0.385
The market value of CareTrust REIT is measured differently than its book value, which is the value of CareTrust that is recorded on the company's balance sheet. Investors also form their own opinion of CareTrust REIT's value that differs from its market value or its book value, called intrinsic value, which is CareTrust REIT's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CareTrust REIT's market value can be influenced by many factors that don't directly affect CareTrust REIT's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CareTrust REIT's value and its price as these two are different measures arrived at by different means. Investors typically determine if CareTrust REIT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CareTrust REIT's 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.