HudBay Operating Income vs Income Before Tax Analysis
HBM Stock | CAD 12.53 0.03 0.24% |
HudBay Minerals financial indicator trend analysis is much more than just examining HudBay Minerals latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HudBay Minerals is a good investment. Please check the relationship between HudBay Minerals Operating Income and its Income Before Tax accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HudBay Minerals. 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. To learn how to invest in HudBay Stock, please use our How to Invest in HudBay Minerals guide.
Operating Income vs Income Before Tax
Operating Income vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HudBay Minerals Operating Income account and Income Before Tax. At this time, the significance of the direction appears to have very strong relationship.
The correlation between HudBay Minerals' Operating Income and Income Before Tax is 0.84. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of HudBay Minerals, assuming nothing else is changed. The correlation between historical values of HudBay Minerals' Operating Income and Income Before Tax 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 HudBay Minerals are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Operating Income i.e., HudBay Minerals' Operating Income and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.84 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Operating Income
Operating Income is the amount of profit realized from HudBay Minerals 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 HudBay Minerals 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.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on HudBay Minerals income statement and is an important metric when analyzing HudBay Minerals 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.Most indicators from HudBay Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HudBay Minerals 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HudBay Minerals. 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. To learn how to invest in HudBay Stock, please use our How to Invest in HudBay Minerals guide.At this time, HudBay Minerals' Tax Provision is very stable compared to the past year. As of the 5th of December 2024, Issuance Of Capital Stock is likely to grow to about 15.1 M, while Selling General Administrative is likely to drop about 27.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 131.0M | 276.9M | 784.2M | 823.4M | Total Revenue | 1.5B | 1.5B | 1.7B | 1.8B |
HudBay Minerals fundamental ratios Correlations
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HudBay Minerals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
HudBay Minerals fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.5B | 4.7B | 4.6B | 4.3B | 5.3B | 2.7B | |
Other Current Liab | 288.1M | 308.0M | 376.2M | 343.6M | 385.7M | 405.0M | |
Total Current Liabilities | 391.8M | 448.8M | 509.2M | 447.6M | 537.3M | 564.2M | |
Total Stockholder Equity | 1.8B | 1.7B | 1.5B | 1.6B | 2.1B | 1.3B | |
Property Plant And Equipment Net | 3.7B | 3.7B | 3.7B | 3.6B | 4.3B | 4.5B | |
Net Debt | 671.1M | 760.1M | 987.3M | 1.0B | 1.1B | 1.2B | |
Retained Earnings | 95.0M | (53.3M) | (301.8M) | (235.5M) | (173.6M) | (164.9M) | |
Accounts Payable | 68.7M | 104.6M | 84.3M | 83.8M | 69.3M | 71.4M | |
Cash | 396.1M | 439.1M | 271.0M | 225.7M | 249.8M | 355.6M | |
Non Current Assets Total | 3.8B | 3.9B | 4.0B | 3.8B | 4.6B | 4.9B | |
Non Currrent Assets Other | 44.1M | 56.3M | 67.9M | 109.1M | 237.0M | 248.8M | |
Other Assets | 119.1M | 158.2M | 201.5M | 176.4M | 202.8M | 213.0M | |
Cash And Short Term Investments | 396.1M | 439.1M | 271.0M | 225.7M | 250.5M | 343.7M | |
Net Receivables | 113.3M | 153.6M | 166.5M | 122.3M | 169.8M | 99.1M | |
Liabilities And Stockholders Equity | 4.5B | 4.7B | 4.6B | 4.3B | 5.3B | 2.7B | |
Non Current Liabilities Total | 2.2B | 2.5B | 2.6B | 2.3B | 2.6B | 1.4B | |
Inventory | 138.8M | 143.1M | 158.5M | 155.0M | 207.3M | 107.0M | |
Other Current Assets | 40.7M | 65.6M | 60.8M | 59.4M | 45.6M | 89.3M | |
Other Stockholder Equity | (24.3M) | (24.2M) | (182K) | 60.2M | 54.2M | 80.0M | |
Total Liab | 2.6B | 3.0B | 3.1B | 2.8B | 3.1B | 3.3B | |
Property Plant And Equipment Gross | 3.7B | 3.7B | 6.6B | 5.3B | 6.9B | 7.2B | |
Total Current Assets | 663.0M | 755.7M | 656.7M | 524.2M | 673.2M | 601.2M | |
Accumulated Other Comprehensive Income | (24.3M) | (24.2M) | (182K) | 26.5M | 30.2M | 31.7M | |
Short Long Term Debt Total | 1.1B | 1.2B | 1.3B | 1.2B | 1.4B | 736.5M | |
Short Term Debt | 32.8M | 33.5M | 33.5M | 16.2M | 28.9M | 40.4M | |
Current Deferred Revenue | 87.9M | 104.4M | 96.9M | 79.7M | 88.3M | 62.2M | |
Intangible Assets | 5.0M | 5.4M | 5.9M | 4.8M | 4.0M | 5.6M | |
Other Liab | 1.2B | 1.4B | 1.4B | 1.1B | 1.2B | 1.3B | |
Net Tangible Assets | 1.8B | 1.7B | 1.5B | 1.6B | 1.4B | 1.4B | |
Long Term Debt | 985.3M | 1.1B | 1.2B | 1.2B | 1.3B | 1.2B | |
Long Term Investments | 11.3M | 15.7M | 11.2M | 9.8M | 7.1M | 13.1M | |
Property Plant Equipment | 3.7B | 3.7B | 3.7B | 3.6B | 4.1B | 4.1B | |
Long Term Debt Total | 1.0B | 1.2B | 1.2B | 1.2B | 1.4B | 1.3B |
Pair Trading with HudBay Minerals
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 HudBay Minerals 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 HudBay Minerals will appreciate offsetting losses from the drop in the long position's value.Moving together with HudBay Stock
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Moving against HudBay Stock
The ability to find closely correlated positions to HudBay Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HudBay Minerals 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 HudBay Minerals - 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 HudBay Minerals to buy it.
The correlation of HudBay Minerals 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 HudBay Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HudBay Minerals 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 HudBay Minerals 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.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HudBay Minerals. 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. To learn how to invest in HudBay Stock, please use our How to Invest in HudBay Minerals guide.You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..