Piotech Interest Expense vs Operating Income Analysis

688072 Stock

190.13 0.23 0.12%

Piotech financial indicator trend analysis is much more than just breaking down Piotech Inc A prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Piotech Inc A is a good investment. Please check the relationship between Piotech Interest Expense and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Piotech Inc A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Interest Expense vs Operating Income

Interest Expense vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Piotech Inc A Interest Expense account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Piotech's Interest Expense and Operating Income is 0.94. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Operating Income in the same time period over historical financial statements of Piotech Inc A, assuming nothing else is changed. The correlation between historical values of Piotech's Interest 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 Interest Expense of Piotech Inc A 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 Interest Expense i.e., Piotech's Interest Expense and Operating Income go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

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Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Operating Income

Operating Income is the amount of profit realized from Piotech Inc A 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 Piotech Inc A 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 Piotech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Piotech Inc A 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Piotech Inc A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

The current year's Selling General Administrative is expected to grow to about 420 M. The current year's Tax Provision is expected to grow to about 68.3 M

	2021	2022	2023	2024 (projected)
Interest Income	18.7M	30.8M	62.0M	65.1M
Net Interest Income	18.2M	27.7M	29.7M	20.0M

Interest Income Net Interest Income

Piotech fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Non Current Liabilities Other	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Non Currrent Assets Other	Property Plant And Equipment Gross	Capital Lease Obligations	Short Long Term Debt	Long Term Debt
Total Assets		0.94	0.98	1.0	0.89	0.99	0.92	0.81	0.82	0.82	0.82	0.88	0.89	0.91	0.9	1.0	0.97	0.99	0.91	0.85	0.96	0.79	0.97	0.85	0.78	0.8
Other Current Liab	0.94		0.95	0.95	0.81	0.93	0.91	0.7	0.77	0.68	0.7	0.79	0.82	0.84	0.83	0.95	0.86	0.92	0.84	0.73	0.87	0.69	0.88	0.72	0.86	0.67
Total Current Liabilities	0.98	0.95		0.98	0.87	0.99	0.97	0.75	0.77	0.86	0.76	0.84	0.87	0.9	0.88	0.99	0.92	0.99	0.89	0.75	0.92	0.72	0.92	0.74	0.87	0.69
Total Stockholder Equity	1.0	0.95	0.98		0.88	0.99	0.93	0.79	0.82	0.8	0.81	0.87	0.89	0.91	0.9	1.0	0.96	0.98	0.91	0.83	0.95	0.78	0.95	0.83	0.81	0.78
Retained Earnings	0.89	0.81	0.87	0.88		0.89	0.79	0.97	0.96	0.79	0.97	1.0	1.0	0.99	0.99	0.88	0.91	0.89	0.98	0.83	0.93	0.96	0.93	0.87	0.7	0.88
Accounts Payable	0.99	0.93	0.99	0.99	0.89		0.94	0.79	0.8	0.87	0.81	0.87	0.89	0.91	0.89	0.99	0.96	1.0	0.91	0.81	0.95	0.77	0.95	0.8	0.8	0.76
Cash	0.92	0.91	0.97	0.93	0.79	0.94		0.64	0.68	0.84	0.67	0.77	0.8	0.84	0.82	0.94	0.83	0.94	0.85	0.59	0.8	0.62	0.8	0.59	0.94	0.54
Non Current Assets Total	0.81	0.7	0.75	0.79	0.97	0.79	0.64		0.99	0.67	1.0	0.98	0.97	0.95	0.96	0.79	0.87	0.78	0.95	0.86	0.89	1.0	0.89	0.91	0.55	0.94
Net Receivables	0.82	0.77	0.77	0.82	0.96	0.8	0.68	0.99		0.61	0.98	0.98	0.97	0.95	0.97	0.81	0.86	0.78	0.96	0.84	0.88	0.99	0.88	0.89	0.62	0.92
Common Stock Shares Outstanding	0.82	0.68	0.86	0.8	0.79	0.87	0.84	0.67	0.61		0.71	0.76	0.78	0.82	0.76	0.83	0.8	0.9	0.79	0.59	0.79	0.64	0.79	0.59	0.68	0.57
Non Current Liabilities Total	0.82	0.7	0.76	0.81	0.97	0.81	0.67	1.0	0.98	0.71		0.99	0.97	0.96	0.97	0.81	0.89	0.8	0.96	0.85	0.9	0.99	0.9	0.91	0.57	0.93
Inventory	0.88	0.79	0.84	0.87	1.0	0.87	0.77	0.98	0.98	0.76	0.99		1.0	0.99	0.99	0.87	0.91	0.87	0.99	0.83	0.92	0.98	0.92	0.88	0.68	0.9
Other Current Assets	0.89	0.82	0.87	0.89	1.0	0.89	0.8	0.97	0.97	0.78	0.97	1.0		1.0	1.0	0.89	0.91	0.89	0.99	0.82	0.92	0.96	0.93	0.87	0.72	0.87
Total Liab	0.91	0.84	0.9	0.91	0.99	0.91	0.84	0.95	0.95	0.82	0.96	0.99	1.0		1.0	0.91	0.92	0.91	1.0	0.8	0.92	0.94	0.92	0.84	0.76	0.85
Net Invested Capital	0.9	0.83	0.88	0.9	0.99	0.89	0.82	0.96	0.97	0.76	0.97	0.99	1.0	1.0		0.9	0.91	0.89	1.0	0.81	0.91	0.95	0.92	0.86	0.76	0.86
Total Current Assets	1.0	0.95	0.99	1.0	0.88	0.99	0.94	0.79	0.81	0.83	0.81	0.87	0.89	0.91	0.9		0.96	0.99	0.91	0.82	0.95	0.77	0.95	0.82	0.82	0.77
Capital Stock	0.97	0.86	0.92	0.96	0.91	0.96	0.83	0.87	0.86	0.8	0.89	0.91	0.91	0.92	0.91	0.96		0.95	0.92	0.93	0.99	0.86	0.99	0.93	0.65	0.9
Non Current Liabilities Other	0.99	0.92	0.99	0.98	0.89	1.0	0.94	0.78	0.78	0.9	0.8	0.87	0.89	0.91	0.89	0.99	0.95		0.9	0.79	0.94	0.76	0.94	0.78	0.81	0.74
Net Working Capital	0.91	0.84	0.89	0.91	0.98	0.91	0.85	0.95	0.96	0.79	0.96	0.99	0.99	1.0	1.0	0.91	0.92	0.9		0.8	0.91	0.94	0.92	0.84	0.77	0.85
Intangible Assets	0.85	0.73	0.75	0.83	0.83	0.81	0.59	0.86	0.84	0.59	0.85	0.83	0.82	0.8	0.81	0.82	0.93	0.79	0.8		0.94	0.86	0.94	0.99	0.38	0.97
Property Plant And Equipment Net	0.96	0.87	0.92	0.95	0.93	0.95	0.8	0.89	0.88	0.79	0.9	0.92	0.92	0.92	0.91	0.95	0.99	0.94	0.91	0.94		0.88	1.0	0.94	0.63	0.91
Non Currrent Assets Other	0.79	0.69	0.72	0.78	0.96	0.77	0.62	1.0	0.99	0.64	0.99	0.98	0.96	0.94	0.95	0.77	0.86	0.76	0.94	0.86	0.88		0.88	0.91	0.53	0.94
Property Plant And Equipment Gross	0.97	0.88	0.92	0.95	0.93	0.95	0.8	0.89	0.88	0.79	0.9	0.92	0.93	0.92	0.92	0.95	0.99	0.94	0.92	0.94	1.0	0.88		0.94	0.64	0.91
Capital Lease Obligations	0.85	0.72	0.74	0.83	0.87	0.8	0.59	0.91	0.89	0.59	0.91	0.88	0.87	0.84	0.86	0.82	0.93	0.78	0.84	0.99	0.94	0.91	0.94		0.41	0.99
Short Long Term Debt	0.78	0.86	0.87	0.81	0.7	0.8	0.94	0.55	0.62	0.68	0.57	0.68	0.72	0.76	0.76	0.82	0.65	0.81	0.77	0.38	0.63	0.53	0.64	0.41		0.37
Long Term Debt	0.8	0.67	0.69	0.78	0.88	0.76	0.54	0.94	0.92	0.57	0.93	0.9	0.87	0.85	0.86	0.77	0.9	0.74	0.85	0.97	0.91	0.94	0.91	0.99	0.37

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Piotech Account Relationship Matchups

High Positive Relationship

Total Stockholder Equity	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Stockholder Equity
Inventory	+ 1.0	Retained Earnings
Other Current Assets	+ 1.0	Retained Earnings
Non Current Liabilities Other	+ 1.0	Accounts Payable

High Negative Relationship

Not Found

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Other Information on Investing in Piotech Stock

Balance Sheet is a snapshot of the financial position of Piotech Inc A at a specified time, usually calculated after every quarter, six months, or one year. Piotech Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Piotech 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 Piotech currently owns. An asset can also be divided into two categories, current and non-current.

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