SunOpta Income Tax Expense vs Operating Income Analysis

SOY Stock  CAD 11.15  0.09  0.81%   
SunOpta financial indicator trend analysis is much more than just breaking down SunOpta prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SunOpta is a good investment. Please check the relationship between SunOpta Income Tax Expense and its Operating Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SunOpta. 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 SunOpta Stock, please use our How to Invest in SunOpta guide.

Income Tax Expense vs Operating Income

Income Tax Expense vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SunOpta Income Tax Expense account and Operating Income. At this time, the significance of the direction appears to have fragmental relationship.
Income Tax ExpenseOperating IncomeDiversified AwayIncome Tax ExpenseOperating IncomeDiversified Away100%
The correlation between SunOpta's Income Tax Expense and Operating Income is 0.46. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Operating Income in the same time period over historical financial statements of SunOpta, assuming nothing else is changed. The correlation between historical values of SunOpta's Income Tax Expense and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of SunOpta are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Income Tax Expense i.e., SunOpta's Income Tax Expense and Operating Income go up and down completely randomly.

Correlation Coefficient

0.46
Relationship DirectionPositive 
Relationship StrengthWeak

Income Tax Expense

Operating Income

Operating Income is the amount of profit realized from SunOpta 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 SunOpta 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.
Most indicators from SunOpta's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SunOpta 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 World Market Map to better understand how to build diversified portfolios, which includes a position in SunOpta. 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 SunOpta Stock, please use our How to Invest in SunOpta guide.As of the 14th of December 2024, Tax Provision is likely to grow to about 3.4 M, while Selling General Administrative is likely to drop about 56.1 M.
 2021 2022 2023 2024 (projected)
Interest Expense8.8M14.7M25.3M26.6M
Depreciation And Amortization18.6M23.0M31.0M32.6M

SunOpta fundamental ratios Correlations

0.740.860.820.760.130.740.14-0.020.77-0.03-0.020.790.420.590.880.39-0.040.860.020.890.820.640.820.720.56
0.740.570.680.210.481.0-0.43-0.350.810.35-0.350.40.60.860.60.510.140.960.430.60.70.650.50.680.6
0.860.570.820.67-0.130.570.330.130.56-0.080.130.730.130.380.830.38-0.150.73-0.180.870.670.680.550.440.2
0.820.680.820.48-0.170.670.220.230.42-0.20.230.810.140.280.940.32-0.260.78-0.230.940.630.960.670.40.15
0.760.210.670.48-0.030.20.490.20.53-0.190.20.760.290.210.690.10.00.41-0.140.710.590.250.720.450.35
0.130.48-0.13-0.17-0.030.49-0.73-0.480.650.76-0.48-0.190.880.72-0.190.280.50.380.98-0.170.08-0.210.120.570.72
0.741.00.570.670.20.49-0.44-0.360.810.36-0.360.390.60.860.590.510.140.960.430.590.70.640.50.690.6
0.14-0.430.330.220.49-0.73-0.440.68-0.32-0.630.680.41-0.63-0.550.35-0.17-0.56-0.24-0.750.36-0.10.140.12-0.47-0.57
-0.02-0.350.130.230.2-0.48-0.360.68-0.45-0.481.00.34-0.41-0.580.28-0.08-0.48-0.24-0.460.3-0.360.230.13-0.42-0.5
0.770.810.560.420.530.650.81-0.32-0.450.53-0.450.420.770.920.460.330.290.850.580.490.690.260.570.770.75
-0.030.35-0.08-0.2-0.190.760.36-0.63-0.480.53-0.48-0.130.650.61-0.3-0.190.20.30.86-0.26-0.08-0.22-0.020.320.41
-0.02-0.350.130.230.2-0.48-0.360.681.0-0.45-0.480.34-0.41-0.580.28-0.08-0.48-0.24-0.460.3-0.360.230.13-0.42-0.5
0.790.40.730.810.76-0.190.390.410.340.42-0.130.340.20.150.87-0.09-0.320.58-0.240.880.550.670.810.40.2
0.420.60.130.140.290.880.6-0.63-0.410.770.65-0.410.20.720.160.210.450.570.830.180.370.040.480.790.84
0.590.860.380.280.210.720.86-0.55-0.580.920.61-0.580.150.720.280.390.310.820.670.30.620.180.390.710.74
0.880.60.830.940.69-0.190.590.350.280.46-0.30.280.870.160.280.32-0.230.74-0.280.990.720.840.760.410.2
0.390.510.380.320.10.280.51-0.17-0.080.33-0.19-0.08-0.090.210.390.320.290.440.170.310.330.340.030.340.3
-0.040.14-0.15-0.260.00.50.14-0.56-0.480.290.2-0.48-0.320.450.31-0.230.290.040.42-0.250.27-0.27-0.130.390.43
0.860.960.730.780.410.380.96-0.24-0.240.850.3-0.240.580.570.820.740.440.040.320.750.760.690.650.70.57
0.020.43-0.18-0.23-0.140.980.43-0.75-0.460.580.86-0.46-0.240.830.67-0.280.170.420.32-0.25-0.05-0.250.040.470.62
0.890.60.870.940.71-0.170.590.360.30.49-0.260.30.880.180.30.990.31-0.250.75-0.250.70.820.780.440.22
0.820.70.670.630.590.080.7-0.1-0.360.69-0.08-0.360.550.370.620.720.330.270.76-0.050.70.50.630.690.55
0.640.650.680.960.25-0.210.640.140.230.26-0.220.230.670.040.180.840.34-0.270.69-0.250.820.50.480.240.0
0.820.50.550.670.720.120.50.120.130.57-0.020.130.810.480.390.760.03-0.130.650.040.780.630.480.670.56
0.720.680.440.40.450.570.69-0.47-0.420.770.32-0.420.40.790.710.410.340.390.70.470.440.690.240.670.94
0.560.60.20.150.350.720.6-0.57-0.50.750.41-0.50.20.840.740.20.30.430.570.620.220.550.00.560.94
Click cells to compare fundamentals

SunOpta Account Relationship Matchups

SunOpta fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets923.4M585.6M755.1M855.9M669.4M419.0M
Short Long Term Debt Total560.0M107.1M275.8M399.1M379.1M398.1M
Other Current Liab80.4M45.6M25.8M33.1M36.2M26.8M
Total Current Liabilities405.7M136.5M143.4M161.0M154.4M142.1M
Total Stockholder Equity210.5M332.9M333.1M347.3M161.0M169.5M
Property Plant And Equipment Net253.0M193.2M266.8M405.0M425.8M447.1M
Net Debt558.5M106.8M275.6M398.4M378.8M397.8M
Retained Earnings(214.9M)(147.7M)(156.1M)(155.7M)(332.7M)(316.1M)
Cash1.5M251K227K679K306K290.7K
Non Current Assets Total433.4M336.3M425.2M553.5M485.2M509.4M
Non Currrent Assets Other2.0M5.8M5.9M5.2M24.8M26.1M
Cash And Short Term Investments1.5M251K227K679K306K290.7K
Net Receivables69.4M72.7M84.7M59.5M64.9M55.4M
Common Stock Shares Outstanding87.8M89.2M104.1M107.7M114.2M119.9M
Liabilities And Stockholders Equity923.4M585.6M755.1M855.9M669.4M419.0M
Non Current Liabilities Total305.3M116.2M278.6M347.6M339.5M356.5M
Inventory323.5M147.7M220.1M207.0M83.2M133.0M
Other Current Assets266.9M28.6M24.9M167.7M35.9M33.5M
Other Stockholder Equity35.8M65.5M23.2M61.2M27.5M42.7M
Total Liab710.9M252.7M422.0M508.6M508.4M533.8M
Property Plant And Equipment Gross253.0M193.2M266.8M405.0M552.8M580.5M
Total Current Assets490.0M249.3M330.0M302.4M184.2M214.3M
Intangible Assets150.0M133.3M148.4M135.6M30.6M57.0M
Accumulated Other Comprehensive Income(7.3M)(9.7M)(11.3M)1.4M2.0M2.1M
Short Term Debt260.2M16.2M12.2M51.0M42.4M75.2M
Accounts Payable63.7M73.2M105.4M76.0M75.8M54.8M
Common Stock Total Equity308.9M314.4M318.5M326.5M375.5M195.3M
Common Stock318.5M326.5M436.5M440.3M464.2M237.6M
Good Will109.5M28.0M28.4M4.0M3.6M3.4M
Current Deferred Revenue37K1.4M(37.7M)15.3M13.8M14.5M
Other Liab10.2M18.8M25.4M24.7M22.3M29.9M
Net Tangible Assets(29.1M)71.5M144.4M171.6M154.4M162.2M
Other Assets61.5M5.8M5.9M8.9M8.0M7.6M
Long Term Debt228.5M66.2M214.8M179.2M238.9M197.7M
Short Long Term Debt248.5M3.5M9.8M38.5M24.3M23.1M
Property Plant Equipment214.8M184.0M258.6M405.0M465.7M489.0M
Long Term Debt Total242.2M66.2M214.8M270.0M243.0M179.6M
Capital Surpluse35.8M37.9M23.2M33.2M38.2M32.7M

Pair Trading with SunOpta

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 SunOpta 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 SunOpta will appreciate offsetting losses from the drop in the long position's value.

Moving together with SunOpta Stock

  0.62BRK Berkshire Hathaway CDRPairCorr
  0.66GOOG Alphabet CDRPairCorr
  0.82JPM JPMorgan ChasePairCorr
The ability to find closely correlated positions to SunOpta could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SunOpta 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 SunOpta - 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 SunOpta to buy it.
The correlation of SunOpta 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 SunOpta moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SunOpta 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 SunOpta 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.
Pair CorrelationCorrelation Matching
When determining whether SunOpta is a strong investment it is important to analyze SunOpta'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 SunOpta's future performance. For an informed investment choice regarding SunOpta Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SunOpta. 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 SunOpta Stock, please use our How to Invest in SunOpta guide.
You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Please note, there is a significant difference between SunOpta's value and its price as these two are different measures arrived at by different means. Investors typically determine if SunOpta is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SunOpta'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.