Belmont Income Before Tax vs Operating Income Analysis

BEA Stock

CAD 0.03 0.01 25.00%

Belmont Resources financial indicator trend analysis is way more than just evaluating Belmont Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Belmont Resources is a good investment. Please check the relationship between Belmont Resources Income Before Tax and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Belmont Resources. 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.

Income Before Tax vs Operating Income

Income Before Tax vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Belmont Resources Income Before Tax account and Operating Income. At this time, the significance of the direction appears to have very week relationship.

The correlation between Belmont Resources' Income Before Tax and Operating Income is 0.24. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Operating Income in the same time period over historical financial statements of Belmont Resources, assuming nothing else is changed. The correlation between historical values of Belmont Resources' Income Before Tax 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 Income Before Tax of Belmont Resources 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 Income Before Tax i.e., Belmont Resources' Income Before Tax and Operating Income go up and down completely randomly.

Correlation Coefficient

0.24

Relationship Direction	Positive
Relationship Strength	Very Weak

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Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Belmont Resources income statement and is an important metric when analyzing Belmont Resources profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Operating Income

Operating Income is the amount of profit realized from Belmont Resources 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 Belmont Resources 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 Belmont Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Belmont Resources 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 Belmont Resources. 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.

At this time, Belmont Resources' Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 2.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 466.3 K in 2024.

Belmont Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Non Currrent Assets Other	Short Term Investments	Short Long Term Debt Total	Short Term Debt	Inventory	Net Tangible Assets	Other Assets	Long Term Investments	Common Stock
Total Assets		0.16	0.99	0.83	-0.75	0.38	0.23	0.77	0.95	0.69	0.17	0.32	0.05	0.03	0.12	0.73	0.77	0.61	0.82	-0.47	-0.47	0.65	0.53	0.29	0.18	0.29
Total Current Liabilities	0.16		0.06	-0.22	0.1	-0.76	0.86	-0.09	0.31	0.17	-0.11	0.85	0.06	-0.71	0.99	0.01	0.67	0.49	-0.25	0.46	0.46	-0.47	0.68	0.26	0.88	0.88
Total Stockholder Equity	0.99	0.06		0.86	-0.79	0.47	0.15	0.8	0.95	0.71	0.19	0.25	0.04	0.12	0.01	0.75	0.72	0.6	0.86	-0.52	-0.52	0.7	0.48	0.27	0.09	0.2
Property Plant And Equipment Net	0.83	-0.22	0.86		-0.63	0.63	-0.18	0.67	0.73	0.5	0.17	-0.1	0.04	0.15	-0.25	0.6	0.49	0.17	0.88	-0.76	-0.76	0.9	0.13	0.2	-0.09	-0.05
Net Debt	-0.75	0.1	-0.79	-0.63		-0.41	0.11	-0.99	-0.67	-0.92	-0.48	-0.15	0.12	-0.31	0.16	-0.97	-0.42	-0.39	-0.61	0.34	0.34	-0.5	-0.47	-0.27	0.06	-0.06
Retained Earnings	0.38	-0.76	0.47	0.63	-0.41		-0.49	0.43	0.27	0.16	0.01	-0.69	-0.12	0.62	-0.76	0.27	-0.09	0.02	0.78	-0.82	-0.82	0.87	-0.49	-0.22	-0.75	-0.76
Accounts Payable	0.23	0.86	0.15	-0.18	0.11	-0.49		-0.09	0.41	0.08	-0.19	0.64	0.15	-0.53	0.86	-0.1	0.65	0.69	-0.04	0.27	0.27	-0.29	0.51	0.29	0.73	0.65
Cash	0.77	-0.09	0.8	0.67	-0.99	0.43	-0.09		0.68	0.91	0.46	0.11	-0.15	0.28	-0.14	0.96	0.45	0.37	0.64	-0.4	-0.4	0.54	0.43	0.25	-0.05	0.05
Non Current Assets Total	0.95	0.31	0.95	0.73	-0.67	0.27	0.41	0.68		0.69	0.09	0.45	0.07	-0.05	0.27	0.64	0.86	0.77	0.77	-0.4	-0.4	0.56	0.6	0.28	0.28	0.36
Cash And Short Term Investments	0.69	0.17	0.71	0.5	-0.92	0.16	0.08	0.91	0.69		0.34	0.4	-0.14	0.15	0.12	0.95	0.56	0.5	0.47	-0.17	-0.17	0.31	0.65	0.21	0.14	0.26
Net Receivables	0.17	-0.11	0.19	0.17	-0.48	0.01	-0.19	0.46	0.09	0.34		0.02	-0.24	0.27	-0.15	0.43	-0.05	-0.09	0.01	0.04	0.04	0.05	0.27	0.38	0.0	0.07
Common Stock Shares Outstanding	0.32	0.85	0.25	-0.1	-0.15	-0.69	0.64	0.11	0.45	0.4	0.02		0.03	-0.5	0.81	0.25	0.65	0.57	-0.18	0.51	0.51	-0.43	0.89	0.22	0.75	0.91
Other Current Assets	0.05	0.06	0.04	0.04	0.12	-0.12	0.15	-0.15	0.07	-0.14	-0.24	0.03		-0.3	0.06	-0.11	0.07	0.03	0.02	0.07	0.07	0.02	0.06	0.43	0.29	0.19
Other Stockholder Equity	0.03	-0.71	0.12	0.15	-0.31	0.62	-0.53	0.28	-0.05	0.15	0.27	-0.5	-0.3		-0.75	0.22	-0.48	-0.11	0.22	-0.23	-0.23	0.29	-0.23	-0.12	-0.7	-0.66
Total Liab	0.12	0.99	0.01	-0.25	0.16	-0.76	0.86	-0.14	0.27	0.12	-0.15	0.81	0.06	-0.75		-0.04	0.65	0.46	-0.27	0.43	0.43	-0.48	0.62	0.18	0.87	0.86
Total Current Assets	0.73	0.01	0.75	0.6	-0.97	0.27	-0.1	0.96	0.64	0.95	0.43	0.25	-0.11	0.22	-0.04		0.46	0.33	0.52	-0.25	-0.25	0.41	0.55	0.25	0.05	0.19
Other Current Liab	0.77	0.67	0.72	0.49	-0.42	-0.09	0.65	0.45	0.86	0.56	-0.05	0.65	0.07	-0.48	0.65	0.46		0.75	0.53	-0.21	-0.21	0.29	0.63	0.17	0.57	0.62
Non Currrent Assets Other	0.61	0.49	0.6	0.17	-0.39	0.02	0.69	0.37	0.77	0.5	-0.09	0.57	0.03	-0.11	0.46	0.33	0.75		0.45	-0.03	-0.03	0.12	0.56	0.06	0.27	0.35
Short Term Investments	0.82	-0.25	0.86	0.88	-0.61	0.78	-0.04	0.64	0.77	0.47	0.01	-0.18	0.02	0.22	-0.27	0.52	0.53	0.45		-0.81	-0.81	0.94	-0.01	0.0	-0.26	-0.24
Short Long Term Debt Total	-0.47	0.46	-0.52	-0.76	0.34	-0.82	0.27	-0.4	-0.4	-0.17	0.04	0.51	0.07	-0.23	0.43	-0.25	-0.21	-0.03	-0.81		1.0	-0.9	0.38	0.26	0.34	0.49
Short Term Debt	-0.47	0.46	-0.52	-0.76	0.34	-0.82	0.27	-0.4	-0.4	-0.17	0.04	0.51	0.07	-0.23	0.43	-0.25	-0.21	-0.03	-0.81	1.0		-0.9	0.38	0.26	0.34	0.49
Inventory	0.65	-0.47	0.7	0.9	-0.5	0.87	-0.29	0.54	0.56	0.31	0.05	-0.43	0.02	0.29	-0.48	0.41	0.29	0.12	0.94	-0.9	-0.9		-0.25	-0.02	-0.41	-0.43
Net Tangible Assets	0.53	0.68	0.48	0.13	-0.47	-0.49	0.51	0.43	0.6	0.65	0.27	0.89	0.06	-0.23	0.62	0.55	0.63	0.56	-0.01	0.38	0.38	-0.25		0.46	0.69	0.82
Other Assets	0.29	0.26	0.27	0.2	-0.27	-0.22	0.29	0.25	0.28	0.21	0.38	0.22	0.43	-0.12	0.18	0.25	0.17	0.06	0.0	0.26	0.26	-0.02	0.46		0.44	0.41
Long Term Investments	0.18	0.88	0.09	-0.09	0.06	-0.75	0.73	-0.05	0.28	0.14	0.0	0.75	0.29	-0.7	0.87	0.05	0.57	0.27	-0.26	0.34	0.34	-0.41	0.69	0.44		0.9
Common Stock	0.29	0.88	0.2	-0.05	-0.06	-0.76	0.65	0.05	0.36	0.26	0.07	0.91	0.19	-0.66	0.86	0.19	0.62	0.35	-0.24	0.49	0.49	-0.43	0.82	0.41	0.9

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Belmont Resources Account Relationship Matchups

Belmont Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.4M	2.2M	2.7M	2.7M	3.3M	1.9M
Total Current Liabilities	491.8K	341.9K	447.6K	346.4K	621.1K	652.1K
Total Stockholder Equity	932.3K	1.9M	2.2M	2.3M	2.7M	1.7M
Property Plant And Equipment Net	1.2M	1.5M	1.9M	2.3M	10.7K	10.2K
Net Debt	76.3K	(441.6K)	(379.5K)	(145.2K)	(223.2K)	(234.4K)
Retained Earnings	(23.1M)	(23.7M)	(24.0M)	(24.6M)	(25.1M)	(26.4M)
Accounts Payable	127.9K	64.6K	33.3K	38.3K	160.3K	168.3K
Cash	15.1K	441.6K	379.5K	145.2K	223.2K	219.7K
Non Current Assets Total	1.4M	1.7M	2.0M	2.4M	3.0M	3.1M
Cash And Short Term Investments	17.2K	445.6K	619.1K	260.4K	301.7K	572.3K
Net Receivables	2.4K	42.8K	12.7K	5.5K	6.8K	6.5K
Common Stock Shares Outstanding	14.2M	30.9M	47.7M	63.9M	72.1M	75.7M
Liabilities And Stockholders Equity	1.4M	2.2M	2.7M	2.7M	3.3M	1.9M
Other Current Assets	2.4K	1.9K	8.0K	5.5K	8.6K	8.2K
Other Stockholder Equity	1.3M	1.4M	1.6M	1.6M	1.5M	1.4M
Total Liab	491.8K	341.9K	447.6K	346.4K	621.1K	652.1K
Total Current Assets	22.0K	490.3K	639.9K	271.4K	317.2K	301.3K
Other Current Liab	272.5K	277.4K	414.4K	308.1K	460.8K	483.8K
Short Term Investments	2.2K	4.0K	239.6K	115.2K	78.5K	74.6K
Accumulated Other Comprehensive Income	1.4M	1.6M	1.6M	1.5M	1.6M	1.6M
Net Tangible Assets	1.0M	932.3K	1.9M	2.2M	2.6M	2.7M
Other Assets	203.1K	185.9K	193.6K	98.0K	112.6K	108.3K
Common Stock	22.6M	24.0M	24.6M	25.4M	26.2M	24.2M
Property Plant Equipment	949.9K	1.2M	1.5M	1.9M	2.2M	2.3M
Net Invested Capital	1.0M	1.9M	2.2M	2.3M	2.7M	1.8M
Net Working Capital	(469.8K)	148.4K	192.3K	(75.0K)	(303.9K)	(288.7K)
Capital Stock	22.6M	24.0M	24.6M	25.4M	26.2M	26.6M

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