Austin Operating Income vs Gross Profit Analysis

AUST Stock

USD 2.07 0.17 8.95%

Austin Gold financial indicator trend analysis is way more than just evaluating Austin Gold Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Austin Gold Corp is a good investment. Please check the relationship between Austin Gold Operating Income and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Austin Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

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 Austin Gold Corp Operating Income account and Gross Profit. At this time, the significance of the direction appears to have pay attention.

The correlation between Austin Gold's Operating Income and Gross Profit is -0.8. 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 Austin Gold Corp, assuming nothing else is changed. The correlation between historical values of Austin Gold'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 Austin Gold Corp 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., Austin Gold's Operating Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

-0.8

Relationship Direction	Negative
Relationship Strength	Significant

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Operating Income

Operating Income is the amount of profit realized from Austin Gold Corp 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 Austin Gold Corp 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 Austin Gold Corp minus its cost of goods sold. It is profit before Austin Gold 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 Austin Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Austin Gold Corp 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 Austin Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Tax Provision is likely to gain to 162.75 in 2024, whereas Selling General Administrative is likely to drop slightly above 1.4 M in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	283.6K	1.7M	3.0M	1.8M
Cost Of Revenue	768.62	527.0	354.0	420.26

Total Operating Expenses Cost Of Revenue

Austin Gold fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Long Term Investments	Property Plant And Equipment Gross	Total Current Assets	Capital Stock	Net Working Capital	Common Stock	Property Plant Equipment
Total Assets		0.71	0.65	1.0	0.92	0.95	0.87	-0.74	-0.87	0.96	-0.51	1.0	0.99	0.48	-0.77	1.0	-0.87	0.65	1.0	-0.91	0.95	1.0	0.99	1.0	0.99	0.91
Other Current Liab	0.71		0.67	0.69	0.75	0.56	0.35	-0.7	-0.36	0.56	-0.56	0.72	0.72	0.61	-0.21	0.71	-0.57	0.67	0.7	-0.54	0.56	0.72	0.74	0.72	0.74	0.53
Total Current Liabilities	0.65	0.67		0.63	0.88	0.73	0.67	-0.99	-0.68	0.73	-0.95	0.63	0.72	0.89	-0.65	0.69	-0.89	1.0	0.62	-0.81	0.73	0.63	0.73	0.6	0.73	0.73
Total Stockholder Equity	1.0	0.69	0.63		0.91	0.95	0.87	-0.72	-0.87	0.95	-0.5	1.0	0.98	0.47	-0.77	0.99	-0.86	0.63	1.0	-0.91	0.95	1.0	0.98	1.0	0.98	0.9
Net Tangible Assets	0.92	0.75	0.88	0.91		0.92	0.85	-0.93	-0.86	0.93	-0.81	0.91	0.94	0.77	-0.78	0.93	-0.96	0.88	0.91	-0.95	0.92	0.91	0.94	0.9	0.94	0.88
Property Plant And Equipment Net	0.95	0.56	0.73	0.95	0.92		0.97	-0.81	-0.97	1.0	-0.59	0.94	0.97	0.5	-0.92	0.97	-0.95	0.73	0.95	-0.98	1.0	0.94	0.97	0.93	0.97	0.98
Net Debt	0.87	0.35	0.67	0.87	0.85	0.97		-0.75	-1.0	0.97	-0.57	0.85	0.89	0.46	-0.98	0.89	-0.93	0.67	0.87	-0.97	0.97	0.85	0.88	0.84	0.88	0.95
Retained Earnings	-0.74	-0.7	-0.99	-0.72	-0.93	-0.81	-0.75		0.76	-0.82	0.91	-0.72	-0.81	-0.84	0.72	-0.78	0.94	-0.99	-0.72	0.88	-0.81	-0.72	-0.81	-0.69	-0.81	-0.81
Cash	-0.87	-0.36	-0.68	-0.87	-0.86	-0.97	-1.0	0.76		-0.97	0.58	-0.85	-0.89	-0.48	0.98	-0.89	0.93	-0.68	-0.87	0.97	-0.97	-0.85	-0.88	-0.84	-0.88	-0.95
Non Current Assets Total	0.96	0.56	0.73	0.95	0.93	1.0	0.97	-0.82	-0.97		-0.6	0.94	0.97	0.52	-0.92	0.97	-0.95	0.73	0.95	-0.98	1.0	0.94	0.97	0.93	0.97	0.98
Non Currrent Assets Other	-0.51	-0.56	-0.95	-0.5	-0.81	-0.59	-0.57	0.91	0.58	-0.6		-0.49	-0.56	-0.98	0.55	-0.53	0.81	-0.95	-0.5	0.72	-0.59	-0.5	-0.57	-0.47	-0.57	-0.55
Cash And Short Term Investments	1.0	0.72	0.63	1.0	0.91	0.94	0.85	-0.72	-0.85	0.94	-0.49		0.98	0.47	-0.74	0.99	-0.85	0.63	1.0	-0.9	0.94	1.0	0.98	1.0	0.98	0.89
Net Receivables	0.99	0.72	0.72	0.98	0.94	0.97	0.89	-0.81	-0.89	0.97	-0.56	0.98		0.51	-0.8	1.0	-0.91	0.72	0.98	-0.94	0.97	0.98	1.0	0.97	1.0	0.95
Common Stock Shares Outstanding	0.48	0.61	0.89	0.47	0.77	0.5	0.46	-0.84	-0.48	0.52	-0.98	0.47	0.51		-0.41	0.49	-0.72	0.89	0.47	-0.64	0.5	0.47	0.52	0.46	0.52	0.43
Inventory	-0.77	-0.21	-0.65	-0.77	-0.78	-0.92	-0.98	0.72	0.98	-0.92	0.55	-0.74	-0.8	-0.41		-0.79	0.9	-0.65	-0.76	0.93	-0.92	-0.75	-0.79	-0.72	-0.79	-0.92
Other Current Assets	1.0	0.71	0.69	0.99	0.93	0.97	0.89	-0.78	-0.89	0.97	-0.53	0.99	1.0	0.49	-0.79		-0.89	0.69	0.99	-0.93	0.97	0.99	1.0	0.99	1.0	0.94
Other Stockholder Equity	-0.87	-0.57	-0.89	-0.86	-0.96	-0.95	-0.93	0.94	0.93	-0.95	0.81	-0.85	-0.91	-0.72	0.9	-0.89		-0.89	-0.85	0.99	-0.95	-0.85	-0.9	-0.82	-0.9	-0.93
Total Liab	0.65	0.67	1.0	0.63	0.88	0.73	0.67	-0.99	-0.68	0.73	-0.95	0.63	0.72	0.89	-0.65	0.69	-0.89		0.62	-0.81	0.73	0.63	0.73	0.6	0.73	0.73
Net Invested Capital	1.0	0.7	0.62	1.0	0.91	0.95	0.87	-0.72	-0.87	0.95	-0.5	1.0	0.98	0.47	-0.76	0.99	-0.85	0.62		-0.9	0.95	1.0	0.98	1.0	0.98	0.9
Long Term Investments	-0.91	-0.54	-0.81	-0.91	-0.95	-0.98	-0.97	0.88	0.97	-0.98	0.72	-0.9	-0.94	-0.64	0.93	-0.93	0.99	-0.81	-0.9		-0.98	-0.9	-0.93	-0.88	-0.93	-0.95
Property Plant And Equipment Gross	0.95	0.56	0.73	0.95	0.92	1.0	0.97	-0.81	-0.97	1.0	-0.59	0.94	0.97	0.5	-0.92	0.97	-0.95	0.73	0.95	-0.98		0.94	0.97	0.93	0.97	0.98
Total Current Assets	1.0	0.72	0.63	1.0	0.91	0.94	0.85	-0.72	-0.85	0.94	-0.5	1.0	0.98	0.47	-0.75	0.99	-0.85	0.63	1.0	-0.9	0.94		0.98	1.0	0.98	0.9
Capital Stock	0.99	0.74	0.73	0.98	0.94	0.97	0.88	-0.81	-0.88	0.97	-0.57	0.98	1.0	0.52	-0.79	1.0	-0.9	0.73	0.98	-0.93	0.97	0.98		0.97	1.0	0.94
Net Working Capital	1.0	0.72	0.6	1.0	0.9	0.93	0.84	-0.69	-0.84	0.93	-0.47	1.0	0.97	0.46	-0.72	0.99	-0.82	0.6	1.0	-0.88	0.93	1.0	0.97		0.97	0.87
Common Stock	0.99	0.74	0.73	0.98	0.94	0.97	0.88	-0.81	-0.88	0.97	-0.57	0.98	1.0	0.52	-0.79	1.0	-0.9	0.73	0.98	-0.93	0.97	0.98	1.0	0.97		0.94
Property Plant Equipment	0.91	0.53	0.73	0.9	0.88	0.98	0.95	-0.81	-0.95	0.98	-0.55	0.89	0.95	0.43	-0.92	0.94	-0.93	0.73	0.9	-0.95	0.98	0.9	0.94	0.87	0.94

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Austin Operating Income vs Gross Profit Analysis

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

Correlation Coefficient

Operating Income

Gross Profit

Austin Gold fundamental ratios Correlations

Austin Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Thematic Opportunities

Explore Investment Opportunities

Additional Tools for Austin Stock Analysis

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Total Stockholder Equity	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Assets
Other Current Assets	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Net Working Capital	+ 1.0	Total Assets

Cash	- 1.0	Net Debt
Total Liab	- 0.99	Retained Earnings
Retained Earnings	- 0.99	Total Current Liabilities
Property Plant And Equipment Gross	- 0.98	Long Term Investments
Common Stock Shares Outstanding	- 0.98	Non Currrent Assets Other
Long Term Investments	- 0.98	Non Current Assets Total