Propel Operating Income vs Total Operating Expenses Analysis
| PRL Stock | 38.52 1.59 4.31% |
Propel Holdings financial indicator trend analysis is much more than just breaking down Propel Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Propel Holdings is a good investment. Please check the relationship between Propel Holdings Operating Income and its Total Operating Expenses accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Propel Holdings. 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 Total Operating Expenses
Operating Income vs Total Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Propel Holdings Operating Income account and Total Operating Expenses. At this time, the significance of the direction appears to have pay attention.
The correlation between Propel Holdings' Operating Income and Total Operating Expenses is -0.98. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Propel Holdings, assuming nothing else is changed. The correlation between historical values of Propel Holdings' Operating Income and Total Operating Expenses 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 Propel Holdings are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Operating Income i.e., Propel Holdings' Operating Income and Total Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.98 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Operating Income
Operating Income is the amount of profit realized from Propel Holdings 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 Propel Holdings 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.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most indicators from Propel Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Propel Holdings 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Propel Holdings. 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. As of the 29th of November 2024, Tax Provision is likely to grow to about 10.7 M, while Selling General Administrative is likely to drop about 27.5 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 2.9M | 3.4M | 4.2M | 2.9M | Interest Income | 19.1M | 16.5M | 14.7M | 11.1M |
Propel Holdings fundamental ratios Correlations
Click cells to compare fundamentals
Propel Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Propel Holdings fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 51.2M | 79.1M | 149.5M | 256.7M | 344.3M | 361.5M | |
| Short Long Term Debt Total | 33.1M | 74.8M | 91.7M | 295.1M | 201.5M | 131.3M | |
| Other Current Liab | (21.8M) | (40.8M) | (49.6M) | (151.2M) | (203.5M) | (193.3M) | |
| Total Current Liabilities | 21.8M | 40.8M | 49.6M | 151.2M | 203.5M | 213.7M | |
| Total Stockholder Equity | 3.6M | 8.4M | 75.3M | 81.6M | 101.5M | 106.6M | |
| Property Plant And Equipment Net | 4.2M | 3.5M | 3.0M | 2.6M | 2.2M | 2.4M | |
| Net Debt | 26.9M | 47.6M | 42.8M | 143.9M | 187.8M | 197.2M | |
| Retained Earnings | (1.2M) | 3.5M | (4.0M) | 1.0M | 18.7M | 19.6M | |
| Accounts Payable | 2.0M | 2.7M | 2.7M | 2.3M | 4.3M | 2.8M | |
| Cash | 6.2M | 5.2M | 7.2M | 7.7M | 13.8M | 8.6M | |
| Non Current Assets Total | 8.8M | 8.6M | 10.9M | 14.1M | 15.7M | 11.8M | |
| Non Currrent Assets Other | (8.8M) | (8.6M) | (10.9M) | (14.1M) | (15.7M) | (16.4M) | |
| Other Assets | 31.3M | 58.2M | 115.0M | 208.9M | 272.1M | 285.7M | |
| Long Term Debt | 29.2M | 33.7M | 42.2M | 144.3M | 165.9M | 174.2M | |
| Cash And Short Term Investments | 6.2M | 5.2M | 7.2M | 7.7M | 13.8M | 8.6M | |
| Net Receivables | 4.8M | 7.1M | 16.4M | 26.0M | 42.8M | 44.9M | |
| Liabilities And Stockholders Equity | 51.2M | 79.1M | 149.5M | 256.7M | 344.3M | 361.5M | |
| Non Current Liabilities Total | 14.4M | 15.9M | 49.6M | 151.2M | 4.3M | 4.1M | |
| Capital Surpluse | 69.8K | 64.8K | 419.7K | 1.7M | 1.9M | 2.0M | |
| Capital Lease Obligations | 3.9M | 3.5M | 3.2M | 2.7M | 2.3M | 2.4M | |
| Inventory | (32.9M) | (59.2M) | (121.0M) | (219.8M) | (289.8M) | (275.3M) | |
| Other Current Assets | 32.9M | 8.2M | 16.3M | 219.8M | 289.8M | 304.3M | |
| Other Stockholder Equity | 69.8K | 64.8K | 419.6K | 1.7M | 3.7M | 3.8M | |
| Total Liab | 47.5M | 70.6M | 74.2M | 175.0M | 242.7M | 254.9M | |
| Deferred Long Term Liab | 885.8K | 2.9M | 2.7M | 2.8M | 3.2M | 2.1M | |
| Net Invested Capital | 32.8M | 57.7M | 122.2M | 230.5M | 300.7M | 315.7M | |
| Short Long Term Debt | 19.8M | 38.1M | 46.9M | 148.9M | 199.2M | 209.1M | |
| Total Current Assets | 11.0M | 12.3M | 23.6M | 33.7M | 56.5M | 59.4M | |
| Short Term Debt | 19.8M | 38.1M | 46.9M | 148.9M | 199.2M | 209.1M | |
| Intangible Assets | 4.6M | 5.1M | 7.9M | 11.5M | 13.4M | 8.4M | |
| Common Stock | 4.7M | 4.9M | 79.0M | 79.0M | 79.0M | 46.0M | |
| Property Plant Equipment | 4.2M | 3.5M | 3.0M | 2.6M | 2.4M | 2.6M |
Pair Trading with Propel Holdings
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 Propel Holdings 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 Propel Holdings will appreciate offsetting losses from the drop in the long position's value.Moving against Propel Stock
The ability to find closely correlated positions to Propel Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Propel Holdings 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 Propel Holdings - 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 Propel Holdings to buy it.
The correlation of Propel Holdings 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 Propel Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Propel Holdings 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 Propel Holdings 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.Other Information on Investing in Propel Stock
Balance Sheet is a snapshot of the financial position of Propel Holdings at a specified time, usually calculated after every quarter, six months, or one year. Propel Holdings Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Propel Holdings 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 Propel currently owns. An asset can also be divided into two categories, current and non-current.