Allcargo Total Operating Expenses vs Operating Income Analysis
ATL Stock | 39.49 0.14 0.36% |
Allcargo Terminals financial indicator trend analysis is way more than just evaluating Allcargo Terminals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Allcargo Terminals is a good investment. Please check the relationship between Allcargo Terminals Total Operating Expenses and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allcargo Terminals. 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.
Total Operating Expenses vs Operating Income
Total Operating Expenses vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Allcargo Terminals Total Operating Expenses account and Operating Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Allcargo Terminals' Total Operating Expenses and Operating Income is 0.76. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Operating Income in the same time period over historical financial statements of Allcargo Terminals, assuming nothing else is changed. The correlation between historical values of Allcargo Terminals' Total Operating Expenses 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 Total Operating Expenses of Allcargo Terminals 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 Total Operating Expenses i.e., Allcargo Terminals' Total Operating Expenses and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.76 |
Relationship Direction | Positive |
Relationship Strength | Significant |
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.Operating Income
Operating Income is the amount of profit realized from Allcargo Terminals 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 Allcargo Terminals 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 Allcargo Terminals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Allcargo Terminals 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 Allcargo Terminals. 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. The current year's Selling General Administrative is expected to grow to about 132.9 M
2010 | 2022 | 2023 | 2024 (projected) | Gross Profit | 128.8M | 1.5B | 1.2B | 1.0B | Total Revenue | 1.3B | 7.1B | 7.3B | 5.7B |
Allcargo Terminals fundamental ratios Correlations
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Allcargo Terminals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Allcargo Stock
Balance Sheet is a snapshot of the financial position of Allcargo Terminals at a specified time, usually calculated after every quarter, six months, or one year. Allcargo Terminals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Allcargo Terminals 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 Allcargo currently owns. An asset can also be divided into two categories, current and non-current.