Sitio Gross Profit from 2010 to 2024

STR Stock

USD 24.04 0.48 1.96%

Sitio Royalties Gross Profit yearly trend continues to be relatively stable with very little volatility. Gross Profit is likely to drop to about 242.3 M. Gross Profit is the profit Sitio Royalties Corp makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. View All Fundamentals

Gross Profit

First Reported

2002-09-30

Previous Quarter

70.6 M

Current Value

71.3 M

Quarterly Volatility

397 M

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Check Sitio Royalties financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Sitio Royalties' main balance sheet or income statement drivers, such as Depreciation And Amortization of 162.9 M, Total Revenue of 967.3 M or Gross Profit of 242.3 M, as well as many indicators such as Price To Sales Ratio of 3.06, Dividend Yield of 0.0805 or PTB Ratio of 1.13. Sitio financial statements analysis is a perfect complement when working with Sitio Royalties Valuation or Volatility modules.

Check out the analysis of Sitio Royalties Correlation against competitors.

Latest Sitio Royalties' Gross Profit Growth Pattern

Below is the plot of the Gross Profit of Sitio Royalties Corp over the last few years. Gross profit is a required income statement account that reflects total revenue of Sitio Royalties Corp minus its cost of goods sold. It is profit before Sitio Royalties operating expenses, interest payments and taxes. Gross profit is also known as gross margin. It is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Sitio Royalties' Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Sitio Royalties' overall financial position and show how it may be relating to other accounts over time.

View

Last Reported 366.37 M

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Gross Profit

Timeline

Sitio Gross Profit Regression Statistics

	Arithmetic Mean	460,314,610
	Geometric Mean	179,343,258
	Coefficient Of Variation	113.09
	Mean Deviation	467,616,927
	Median	242,342,150
	Standard Deviation	520,577,774
	Sample Variance	271001.2T
	Range	1.2B
	R-Value	(0.56)
	Mean Square Error	198949.3T
	R-Squared	0.32
	Significance	0.03
	Slope	(65,674,436)
	Total Sum of Squares	3794017.1T

Sitio Gross Profit History

	2024	242.3 M
	2023	255.1 M
	2022	265.1 M
	2021	79.7 M
	2020	13.7 M
	2019	51.5 M
	2018	76.5 M

Other Fundumenentals of Sitio Royalties Corp

Gross Profit Margin

Sitio Royalties Gross Profit component correlations

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Good Will	Short Term Investments	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Capital Surpluse	Long Term Debt	Net Invested Capital	Capital Stock	Net Working Capital	Net Tangible Assets	Deferred Long Term Liab	Property Plant Equipment
Total Assets		0.98	0.58	0.89	0.52	0.57	0.88	0.06	0.14	0.76	0.82	0.39	-0.32	0.5	0.37	0.42	0.43	0.5	0.49	0.4	0.39	0.4
Total Stockholder Equity	0.98		0.44	0.79	0.4	0.46	0.91	0.13	0.12	0.66	0.76	0.33	-0.32	0.38	0.5	0.54	0.55	0.59	0.6	0.52	0.52	0.53
Current Deferred Revenue	0.58	0.44		0.8	0.9	0.81	0.44	-0.08	0.16	0.88	0.85	0.69	-0.33	0.9	-0.39	-0.36	-0.36	-0.34	-0.31	-0.35	-0.38	-0.37
Net Debt	0.89	0.79	0.8		0.62	0.65	0.69	-0.26	0.07	0.96	0.86	0.46	-0.25	0.67	0.15	0.19	0.2	0.23	0.25	0.18	0.16	0.17
Retained Earnings	0.52	0.4	0.9	0.62		0.92	0.5	0.32	0.36	0.68	0.82	0.62	-0.53	0.92	-0.54	-0.51	-0.5	-0.47	-0.43	-0.5	-0.53	-0.52
Accounts Payable	0.57	0.46	0.81	0.65	0.92		0.62	0.34	0.37	0.67	0.8	0.44	-0.75	0.89	-0.42	-0.38	-0.37	-0.35	-0.31	-0.37	-0.4	-0.39
Net Receivables	0.88	0.91	0.44	0.69	0.5	0.62		0.37	0.17	0.6	0.81	0.34	-0.65	0.45	0.39	0.44	0.45	0.41	0.5	0.43	0.42	0.42
Good Will	0.06	0.13	-0.08	-0.26	0.32	0.34	0.37		0.39	-0.31	0.14	0.08	-0.58	0.13	-0.17	-0.16	-0.15	-0.14	-0.13	-0.15	-0.16	-0.16
Short Term Investments	0.14	0.12	0.16	0.07	0.36	0.37	0.17	0.39		0.07	0.2	-0.13	-0.32	0.2	-0.22	-0.2	-0.2	-0.18	-0.17	-0.21	-0.21	-0.21
Total Liab	0.76	0.66	0.88	0.96	0.68	0.67	0.6	-0.31	0.07		0.89	0.52	-0.27	0.73	0.03	0.05	0.06	0.03	0.1	0.07	0.04	0.05
Total Current Assets	0.82	0.76	0.85	0.86	0.82	0.8	0.81	0.14	0.2	0.89		0.6	-0.53	0.79	0.01	0.04	0.05	0.0	0.09	0.05	0.03	0.04
Short Term Debt	0.39	0.33	0.69	0.46	0.62	0.44	0.34	0.08	-0.13	0.52	0.6		-0.1	0.57	-0.25	-0.23	-0.22	-0.21	-0.19	-0.22	-0.24	-0.23
Intangible Assets	-0.32	-0.32	-0.33	-0.25	-0.53	-0.75	-0.65	-0.58	-0.32	-0.27	-0.53	-0.1		-0.5	0.11	0.1	0.09	0.19	0.07	0.08	0.1	0.09
Common Stock	0.5	0.38	0.9	0.67	0.92	0.89	0.45	0.13	0.2	0.73	0.79	0.57	-0.5		-0.5	-0.46	-0.45	-0.43	-0.39	-0.45	-0.48	-0.47
Capital Surpluse	0.37	0.5	-0.39	0.15	-0.54	-0.42	0.39	-0.17	-0.22	0.03	0.01	-0.25	0.11	-0.5		0.99	0.99	0.93	0.96	1.0	1.0	1.0
Long Term Debt	0.42	0.54	-0.36	0.19	-0.51	-0.38	0.44	-0.16	-0.2	0.05	0.04	-0.23	0.1	-0.46	0.99		1.0	0.95	0.98	0.99	0.99	0.99
Net Invested Capital	0.43	0.55	-0.36	0.2	-0.5	-0.37	0.45	-0.15	-0.2	0.06	0.05	-0.22	0.09	-0.45	0.99	1.0		0.95	0.99	0.99	0.99	0.99
Capital Stock	0.5	0.59	-0.34	0.23	-0.47	-0.35	0.41	-0.14	-0.18	0.03	0.0	-0.21	0.19	-0.43	0.93	0.95	0.95		0.94	0.93	0.93	0.93
Net Working Capital	0.49	0.6	-0.31	0.25	-0.43	-0.31	0.5	-0.13	-0.17	0.1	0.09	-0.19	0.07	-0.39	0.96	0.98	0.99	0.94		0.95	0.95	0.96
Net Tangible Assets	0.4	0.52	-0.35	0.18	-0.5	-0.37	0.43	-0.15	-0.21	0.07	0.05	-0.22	0.08	-0.45	1.0	0.99	0.99	0.93	0.95		0.99	1.0
Deferred Long Term Liab	0.39	0.52	-0.38	0.16	-0.53	-0.4	0.42	-0.16	-0.21	0.04	0.03	-0.24	0.1	-0.48	1.0	0.99	0.99	0.93	0.95	0.99		1.0
Property Plant Equipment	0.4	0.53	-0.37	0.17	-0.52	-0.39	0.42	-0.16	-0.21	0.05	0.04	-0.23	0.09	-0.47	1.0	0.99	0.99	0.93	0.96	1.0	1.0

Click cells to compare fundamentals

About Sitio Royalties Financial Statements

Sitio Royalties shareholders use historical fundamental indicators, such as Gross Profit, to determine how well the company is positioned to perform in the future. Although Sitio Royalties investors may analyze each financial statement separately, they are all interrelated. The changes in Sitio Royalties' assets and liabilities, for example, are also reflected in the revenues and expenses on on Sitio Royalties' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.

	Last Reported	Projected for Next Year
Gross Profit	255.1 M	242.3 M
Gross Profit Margin	0.43	0.77

Pair Trading with Sitio Royalties

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

Moving together with Sitio Stock

0.73	AR	Antero Resources Corp	Pair Corr
0.75	EP	Empire Petroleum Corp	Pair Corr
0.88	LB	LandBridge Company Downward Rally	Pair Corr
0.85	PR	Permian Resources Aggressive Push	Pair Corr

Moving against Sitio Stock

0.72	BRN	Barnwell Industries	Pair Corr
0.57	BRY	Berry Petroleum Corp	Pair Corr
0.41	APA	APA Corporation	Pair Corr

The ability to find closely correlated positions to Sitio Royalties could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sitio Royalties 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 Sitio Royalties - 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 Sitio Royalties Corp to buy it.

The correlation of Sitio Royalties 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 Sitio Royalties moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sitio Royalties Corp 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 Sitio Royalties 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 Correlation Correlation Matching

Additional Tools for Sitio Stock Analysis

When running Sitio Royalties' price analysis, check to measure Sitio Royalties' 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 Sitio Royalties is operating at the current time. Most of Sitio Royalties' value examination focuses on studying past and present price action to predict the probability of Sitio Royalties' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sitio Royalties' price. Additionally, you may evaluate how the addition of Sitio Royalties to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC