Spruce Operating Income vs Gross Profit Analysis

SPRU Stock

2.89 0.01 0.35%

Spruce Power financial indicator trend analysis is much more than just breaking down Spruce Power Holding prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spruce Power Holding is a good investment. Please check the relationship between Spruce Power Operating Income and its Gross Profit accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spruce Power Holding. 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.

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 Spruce Power Holding Operating Income account and Gross Profit. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Spruce Power's Operating Income and Gross Profit is -0.49. 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 Spruce Power Holding, assuming nothing else is changed. The correlation between historical values of Spruce Power'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 Spruce Power Holding 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., Spruce Power's Operating Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

-0.49

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Spruce Power Holding 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 Spruce Power Holding 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 Spruce Power Holding minus its cost of goods sold. It is profit before Spruce Power 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 Spruce Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spruce Power Holding 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 Spruce Power Holding. 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.

At this time, Spruce Power's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 101.19 in 2024, whereas Discontinued Operations is likely to drop (37.9 M) in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	39K	10.1M	41.9M	44.0M
Depreciation And Amortization	653K	7.5M	21.6M	22.7M

Interest Expense Depreciation And Amortization

Spruce Power fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Good Will	Common Stock Shares Outstanding
Other Current Liab		0.98	-0.13	0.66	-0.99	0.07	0.94	0.68	0.02	0.98	0.64	0.27	0.97	0.92	0.96	0.7	0.97	-0.26	0.72	0.6	0.97	-0.33	0.97	0.6	0.67	0.88
Total Current Liabilities	0.98		-0.17	0.54	-0.99	0.07	0.97	0.61	0.0	1.0	0.53	0.2	0.99	0.89	0.99	0.6	0.99	-0.32	0.81	0.48	0.99	-0.37	0.99	0.48	0.7	0.79
Other Liab	-0.13	-0.17		0.34	0.04	0.77	-0.25	0.56	0.0	-0.17	0.49	0.49	-0.18	0.09	-0.19	0.45	-0.18	0.45	-0.5	0.52	-0.18	0.09	-0.18	0.52	-0.14	0.12
Net Tangible Assets	0.66	0.54	0.34		-0.63	0.18	0.39	0.77	0.25	0.54	0.97	0.77	0.48	0.77	0.46	0.96	0.48	0.03	-0.04	0.96	0.48	-0.22	0.47	0.96	0.41	0.92
Retained Earnings	-0.99	-0.99	0.04	-0.63		-0.13	-0.94	-0.71	0.03	-0.98	-0.62	-0.26	-0.97	-0.93	-0.97	-0.69	-0.98	0.2	-0.74	-0.58	-0.98	0.32	-0.98	-0.58	-0.65	-0.85
Accounts Payable	0.07	0.07	0.77	0.18	-0.13		0.11	0.63	0.26	0.12	0.42	0.35	0.13	0.25	0.11	0.41	0.12	-0.08	-0.12	0.43	0.11	-0.35	0.12	0.43	0.31	0.16
Other Assets	0.94	0.97	-0.25	0.39	-0.94	0.11		0.57	-0.01	0.98	0.4	0.03	0.99	0.83	0.99	0.47	0.99	-0.38	0.89	0.35	0.99	-0.4	0.99	0.35	0.71	0.69
Net Receivables	0.68	0.61	0.56	0.77	-0.71	0.63	0.57		0.15	0.64	0.87	0.53	0.62	0.84	0.6	0.87	0.61	0.06	0.18	0.83	0.61	-0.31	0.61	0.83	0.5	0.81
Inventory	0.02	0.0	0.0	0.25	0.03	0.26	-0.01	0.15		0.04	0.32	0.66	0.02	0.24	-0.03	0.29	-0.01	-0.73	-0.22	0.28	-0.02	-0.88	-0.02	0.28	0.68	0.27
Other Current Assets	0.98	1.0	-0.17	0.54	-0.98	0.12	0.98	0.64	0.04		0.54	0.2	1.0	0.9	0.99	0.61	1.0	-0.35	0.81	0.5	1.0	-0.41	0.99	0.5	0.73	0.81
Total Current Assets	0.64	0.53	0.49	0.97	-0.62	0.42	0.4	0.87	0.32	0.54		0.81	0.49	0.78	0.46	1.0	0.48	-0.03	-0.05	0.99	0.48	-0.32	0.47	0.99	0.48	0.9
Common Stock	0.27	0.2	0.49	0.77	-0.26	0.35	0.03	0.53	0.66	0.2	0.81		0.14	0.5	0.11	0.77	0.13	-0.22	-0.35	0.8	0.12	-0.53	0.12	0.8	0.49	0.63
Property Plant Equipment	0.97	0.99	-0.18	0.48	-0.97	0.13	0.99	0.62	0.02	1.0	0.49	0.14		0.88	1.0	0.56	1.0	-0.36	0.85	0.44	1.0	-0.41	1.0	0.44	0.73	0.76
Total Assets	0.92	0.89	0.09	0.77	-0.93	0.25	0.83	0.84	0.24	0.9	0.78	0.5	0.88		0.87	0.82	0.88	-0.23	0.53	0.71	0.88	-0.5	0.87	0.71	0.75	0.94
Short Long Term Debt Total	0.96	0.99	-0.19	0.46	-0.97	0.11	0.99	0.6	-0.03	0.99	0.46	0.11	1.0	0.87		0.53	1.0	-0.33	0.86	0.41	1.0	-0.37	1.0	0.41	0.7	0.74
Total Stockholder Equity	0.7	0.6	0.45	0.96	-0.69	0.41	0.47	0.87	0.29	0.61	1.0	0.77	0.56	0.82	0.53		0.55	-0.06	0.03	0.99	0.56	-0.33	0.55	0.99	0.51	0.92
Property Plant And Equipment Net	0.97	0.99	-0.18	0.48	-0.98	0.12	0.99	0.61	-0.01	1.0	0.48	0.13	1.0	0.88	1.0	0.55		-0.33	0.85	0.43	1.0	-0.38	1.0	0.43	0.7	0.75
Current Deferred Revenue	-0.26	-0.32	0.45	0.03	0.2	-0.08	-0.38	0.06	-0.73	-0.35	-0.03	-0.22	-0.36	-0.23	-0.33	-0.06	-0.33		-0.36	0.0	-0.32	0.85	-0.33	0.0	-0.8	-0.18
Net Debt	0.72	0.81	-0.5	-0.04	-0.74	-0.12	0.89	0.18	-0.22	0.81	-0.05	-0.35	0.85	0.53	0.86	0.03	0.85	-0.36		-0.1	0.85	-0.23	0.85	-0.1	0.51	0.32
Cash	0.6	0.48	0.52	0.96	-0.58	0.43	0.35	0.83	0.28	0.5	0.99	0.8	0.44	0.71	0.41	0.99	0.43	0.0	-0.1		0.44	-0.26	0.43	1.0	0.42	0.86
Non Current Assets Total	0.97	0.99	-0.18	0.48	-0.98	0.11	0.99	0.61	-0.02	1.0	0.48	0.12	1.0	0.88	1.0	0.56	1.0	-0.32	0.85	0.44		-0.37	1.0	0.44	0.7	0.76
Non Currrent Assets Other	-0.33	-0.37	0.09	-0.22	0.32	-0.35	-0.4	-0.31	-0.88	-0.41	-0.32	-0.53	-0.41	-0.5	-0.37	-0.33	-0.38	0.85	-0.23	-0.26	-0.37		-0.37	-0.26	-0.92	-0.4
Long Term Debt	0.97	0.99	-0.18	0.47	-0.98	0.12	0.99	0.61	-0.02	0.99	0.47	0.12	1.0	0.87	1.0	0.55	1.0	-0.33	0.85	0.43	1.0	-0.37		0.43	0.7	0.75
Cash And Short Term Investments	0.6	0.48	0.52	0.96	-0.58	0.43	0.35	0.83	0.28	0.5	0.99	0.8	0.44	0.71	0.41	0.99	0.43	0.0	-0.1	1.0	0.44	-0.26	0.43		0.42	0.86
Good Will	0.67	0.7	-0.14	0.41	-0.65	0.31	0.71	0.5	0.68	0.73	0.48	0.49	0.73	0.75	0.7	0.51	0.7	-0.8	0.51	0.42	0.7	-0.92	0.7	0.42		0.65
Common Stock Shares Outstanding	0.88	0.79	0.12	0.92	-0.85	0.16	0.69	0.81	0.27	0.81	0.9	0.63	0.76	0.94	0.74	0.92	0.75	-0.18	0.32	0.86	0.76	-0.4	0.75	0.86	0.65

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Spruce Power Account Relationship Matchups

Spruce Power fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	2.4M	4.6M	15.8M	29.8M	38.7M	40.7M
Total Current Liabilities	15.5M	9.1M	16.6M	59.7M	71.7M	75.3M
Other Liab	5.6M	148.9M	11.2M	1.0M	910.8K	865.3K
Net Tangible Assets	(15.0M)	187.8M	351.3M	151.4M	174.1M	137.6M
Retained Earnings	(67.6M)	(93.2M)	(99.4M)	(193.3M)	(257.9M)	(245.0M)
Accounts Payable	549K	4.4M	697K	2.9M	1.1M	2.1M
Other Assets	30K	32K	88K	2.0M	2.3M	2.4M
Net Receivables	1.2M	10.6M	6.5M	8.3M	9.2M	7.2M
Inventory	2.2M	3.6M	15.3M	41.0M	(11.3M)	(10.8M)
Other Current Assets	146K	1.5M	7.7M	46.3M	52.8M	55.4M
Total Current Assets	7.1M	345.3M	374.6M	275.0M	203.3M	223.3M
Property Plant Equipment	840K	579K	8.1M	399.0M	458.8M	481.8M

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