ETL Operating Income vs Gross Profit Analysis
| ETL Stock | 0.99 0.02 1.98% |
E3 Lithium financial indicator trend analysis is much more than just examining E3 Lithium latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether E3 Lithium is a good investment. Please check the relationship between E3 Lithium Operating Income and its Gross Profit accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in E3 Lithium. 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 Gross Profit
Operating Income vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of E3 Lithium Operating Income account and Gross Profit. At this time, the significance of the direction appears to have almost identical trend.
The correlation between E3 Lithium's Operating Income and Gross Profit is 0.95. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of E3 Lithium, assuming nothing else is changed. The correlation between historical values of E3 Lithium's Operating Income and Gross Profit 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 E3 Lithium are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Operating Income i.e., E3 Lithium's Operating Income and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.95 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Operating Income
Operating Income is the amount of profit realized from E3 Lithium 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 E3 Lithium 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.Gross Profit
Gross profit is a required income statement account that reflects total revenue of E3 Lithium minus its cost of goods sold. It is profit before E3 Lithium operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most indicators from E3 Lithium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into E3 Lithium 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in E3 Lithium. 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, E3 Lithium's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 127.4 M in 2024, whereas Selling General Administrative is likely to drop slightly above 6.2 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 21K | 35K | 53K | 30.5K | Interest Income | 37K | 231K | 658K | 690.9K |
E3 Lithium fundamental ratios Correlations
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E3 Lithium Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for ETL Stock Analysis
When running E3 Lithium's price analysis, check to measure E3 Lithium's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy E3 Lithium is operating at the current time. Most of E3 Lithium's value examination focuses on studying past and present price action to predict the probability of E3 Lithium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move E3 Lithium's price. Additionally, you may evaluate how the addition of E3 Lithium to your portfolios can decrease your overall portfolio volatility.