Baytex Net Income vs Gross Profit Analysis

BTE Stock

USD 3.02 0.02 0.67%

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

Net Income vs Gross Profit

Net Income vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Baytex Energy Corp Net Income account and Gross Profit. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Baytex Energy's Net Income and Gross Profit is 0.54. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Baytex Energy Corp, assuming nothing else is changed. The correlation between historical values of Baytex Energy's Net 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 Net Income of Baytex Energy 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 Net Income i.e., Baytex Energy's Net Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.54

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Baytex Energy Corp financial statement analysis. It represents the amount of money remaining after all of Baytex Energy Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Baytex Energy Corp minus its cost of goods sold. It is profit before Baytex Energy 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 Baytex Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Baytex Energy 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 Baytex Energy 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 estimate.

At present, Baytex Energy's Enterprise Value Multiple is projected to drop based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 5.8 B, whereas Tax Provision is forecasted to decline to (73.6 M).

	2021	2022	2023	2024 (projected)
Interest Expense	92.1M	80.4M	171.8M	180.4M
Depreciation And Amortization	477.0M	602.7M	1.0B	1.1B

Interest Expense Depreciation And Amortization

Baytex Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Cash	Cash And Short Term Investments	Other Current Assets	Other Liab	Net Tangible Assets	Other Assets	Long Term Debt	Inventory
Total Assets		0.91	0.28	0.79	0.95	1.0	0.91	-0.55	0.81	1.0	0.39	0.68	0.69	0.92	-0.17	0.94	0.73	-0.24	0.42	0.5	0.25	0.68	0.82	0.49	0.85	-0.02
Short Long Term Debt Total	0.91		0.11	0.66	0.76	0.92	1.0	-0.67	0.69	0.92	0.37	0.51	0.63	0.98	-0.23	0.98	0.57	-0.28	0.33	0.44	0.2	0.65	0.68	0.3	0.95	-0.09
Other Current Liab	0.28	0.11		0.59	0.33	0.24	0.1	-0.06	0.4	0.26	-0.38	0.59	0.31	0.13	0.15	0.2	0.52	0.12	0.26	-0.04	0.04	0.2	0.31	0.62	0.02	0.41
Total Current Liabilities	0.79	0.66	0.59		0.77	0.74	0.64	-0.24	0.97	0.76	-0.02	0.92	0.6	0.63	0.13	0.71	0.97	-0.02	0.66	0.44	0.34	0.41	0.57	0.67	0.54	0.3
Total Stockholder Equity	0.95	0.76	0.33	0.77		0.94	0.75	-0.4	0.8	0.94	0.38	0.74	0.68	0.75	-0.1	0.79	0.74	-0.2	0.54	0.57	0.17	0.66	0.88	0.59	0.73	0.02
Property Plant And Equipment Net	1.0	0.92	0.24	0.74	0.94		0.92	-0.59	0.76	1.0	0.43	0.63	0.7	0.93	-0.2	0.94	0.67	-0.26	0.37	0.48	0.21	0.71	0.83	0.46	0.87	-0.06
Net Debt	0.91	1.0	0.1	0.64	0.75	0.92		-0.67	0.68	0.92	0.38	0.5	0.63	0.98	-0.24	0.98	0.56	-0.29	0.31	0.43	0.21	0.65	0.67	0.29	0.95	-0.1
Retained Earnings	-0.55	-0.67	-0.06	-0.24	-0.4	-0.59	-0.67		-0.19	-0.58	-0.31	-0.21	-0.8	-0.69	0.32	-0.65	-0.06	0.29	0.05	-0.07	0.32	-0.85	-0.56	-0.39	-0.75	-0.05
Accounts Payable	0.81	0.69	0.4	0.97	0.8	0.76	0.68	-0.19		0.79	0.06	0.88	0.54	0.66	0.13	0.74	0.97	-0.04	0.69	0.53	0.41	0.36	0.55	0.57	0.58	0.21
Non Current Assets Total	1.0	0.92	0.26	0.76	0.94	1.0	0.92	-0.58	0.79		0.41	0.66	0.7	0.93	-0.19	0.94	0.7	-0.25	0.4	0.49	0.23	0.7	0.83	0.48	0.86	-0.04
Non Currrent Assets Other	0.39	0.37	-0.38	-0.02	0.38	0.43	0.38	-0.31	0.06	0.41		-0.06	0.3	0.4	-0.11	0.36	-0.05	-0.09	-0.07	0.46	-0.01	0.47	0.51	-0.14	0.42	-0.61
Net Receivables	0.68	0.51	0.59	0.92	0.74	0.63	0.5	-0.21	0.88	0.66	-0.06		0.65	0.46	0.29	0.55	0.9	-0.06	0.74	0.4	0.03	0.48	0.59	0.73	0.47	0.43
Common Stock Shares Outstanding	0.69	0.63	0.31	0.6	0.68	0.7	0.63	-0.8	0.54	0.7	0.3	0.65		0.61	-0.14	0.63	0.45	-0.23	0.43	0.31	-0.3	0.9	0.78	0.77	0.71	0.31
Non Current Liabilities Total	0.92	0.98	0.13	0.63	0.75	0.93	0.98	-0.69	0.66	0.93	0.4	0.46	0.61		-0.28	0.99	0.56	-0.28	0.18	0.33	0.28	0.63	0.65	0.26	0.89	-0.11
Other Stockholder Equity	-0.17	-0.23	0.15	0.13	-0.1	-0.2	-0.24	0.32	0.13	-0.19	-0.11	0.29	-0.14	-0.28		-0.23	0.16	-0.08	0.16	0.03	-0.19	-0.16	-0.25	0.07	-0.22	0.1
Total Liab	0.94	0.98	0.2	0.71	0.79	0.94	0.98	-0.65	0.74	0.94	0.36	0.55	0.63	0.99	-0.23		0.64	-0.25	0.25	0.36	0.3	0.63	0.67	0.33	0.88	-0.06
Total Current Assets	0.73	0.57	0.52	0.97	0.74	0.67	0.56	-0.06	0.97	0.7	-0.05	0.9	0.45	0.56	0.16	0.64		0.06	0.68	0.43	0.46	0.26	0.5	0.55	0.43	0.3
Short Term Debt	-0.24	-0.28	0.12	-0.02	-0.2	-0.26	-0.29	0.29	-0.04	-0.25	-0.09	-0.06	-0.23	-0.28	-0.08	-0.25	0.06		0.13	0.03	0.16	-0.28	-0.1	-0.17	-0.28	0.04
Cash	0.42	0.33	0.26	0.66	0.54	0.37	0.31	0.05	0.69	0.4	-0.07	0.74	0.43	0.18	0.16	0.25	0.68	0.13		0.64	0.01	0.26	0.49	0.61	0.38	0.36
Cash And Short Term Investments	0.5	0.44	-0.04	0.44	0.57	0.48	0.43	-0.07	0.53	0.49	0.46	0.4	0.31	0.33	0.03	0.36	0.43	0.03	0.64		0.1	0.42	0.6	0.3	0.51	-0.45
Other Current Assets	0.25	0.2	0.04	0.34	0.17	0.21	0.21	0.32	0.41	0.23	-0.01	0.03	-0.3	0.28	-0.19	0.3	0.46	0.16	0.01	0.1		-0.43	-0.08	-0.19	-0.06	-0.16
Other Liab	0.68	0.65	0.2	0.41	0.66	0.71	0.65	-0.85	0.36	0.7	0.47	0.48	0.9	0.63	-0.16	0.63	0.26	-0.28	0.26	0.42	-0.43		0.84	0.59	0.77	-0.01
Net Tangible Assets	0.82	0.68	0.31	0.57	0.88	0.83	0.67	-0.56	0.55	0.83	0.51	0.59	0.78	0.65	-0.25	0.67	0.5	-0.1	0.49	0.6	-0.08	0.84		0.61	0.72	-0.03
Other Assets	0.49	0.3	0.62	0.67	0.59	0.46	0.29	-0.39	0.57	0.48	-0.14	0.73	0.77	0.26	0.07	0.33	0.55	-0.17	0.61	0.3	-0.19	0.59	0.61		0.36	0.52
Long Term Debt	0.85	0.95	0.02	0.54	0.73	0.87	0.95	-0.75	0.58	0.86	0.42	0.47	0.71	0.89	-0.22	0.88	0.43	-0.28	0.38	0.51	-0.06	0.77	0.72	0.36		-0.1
Inventory	-0.02	-0.09	0.41	0.3	0.02	-0.06	-0.1	-0.05	0.21	-0.04	-0.61	0.43	0.31	-0.11	0.1	-0.06	0.3	0.04	0.36	-0.45	-0.16	-0.01	-0.03	0.52	-0.1

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Baytex Energy Account Relationship Matchups

Baytex Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.9B	3.4B	4.8B	5.1B	7.5B	7.8B
Short Long Term Debt Total	1.8B	1.8B	1.4B	937.2M	2.4B	2.6B
Other Current Liab	8.7M	6.4M	117.1M	57.7M	67.3M	70.7M
Total Current Liabilities	233.5M	198.9M	338.7M	288.5M	558.0M	585.9M
Total Stockholder Equity	2.9B	578.2M	2.2B	3.0B	3.8B	4.0B
Property Plant And Equipment Net	5.7B	3.3B	4.7B	4.8B	6.7B	7.1B
Net Debt	1.8B	1.8B	1.4B	931.7M	2.4B	2.5B
Retained Earnings	(3.3B)	(5.8B)	(4.2B)	(3.3B)	(3.6B)	(3.4B)
Accounts Payable	207.5M	156.0M	190.7M	227.3M	477.3M	501.2M
Non Current Assets Total	5.7B	3.3B	4.7B	4.9B	7.0B	7.4B
Net Receivables	173.8M	107.5M	173.4M	200.9M	338.4M	355.3M
Common Stock Shares Outstanding	557.0M	560.7M	571.6M	563.8M	704.9M	740.1M
Liabilities And Stockholders Equity	5.9B	3.4B	4.8B	5.1B	7.5B	7.8B
Non Current Liabilities Total	2.7B	2.6B	2.3B	1.8B	3.1B	3.2B
Other Stockholder Equity	17.7M	14.3M	13.6M	89.9M	193.1M	357.7M
Total Liab	3.0B	2.8B	2.6B	2.1B	3.6B	3.8B
Total Current Assets	184.8M	112.5M	182.1M	244.1M	440.0M	462.0M
Accumulated Other Comprehensive Income	556.2M	619.0M	632.1M	756.2M	690.9M	725.5M
Short Term Debt	5.8M	8.6M	5.9M	3.5M	13.4M	12.7M
Cash	5.6M	(11.1M)	(7.8M)	5.5M	55.8M	58.6M
Cash And Short Term Investments	5.6M	(11.1M)	(7.8M)	5.5M	55.8M	58.6M
Other Current Assets	5.4M	5.1M	8.7M	37.7M	45.8M	39.0M
Other Liab	891.7M	842.2M	900.1M	851.2M	978.9M	1.0B
Net Tangible Assets	2.9B	578.2M	2.2B	3.0B	3.5B	3.7B
Long Term Debt	1.8B	1.8B	1.4B	930.6M	2.4B	2.5B
Common Stock	5.7B	5.7B	5.7B	5.5B	6.5B	6.9B
Property Plant Equipment	5.7B	3.3B	4.7B	4.8B	5.5B	2.8B
Current Deferred Revenue	2.0M	11.6M	11.8M	11.1M	10.0M	17.8M
Capital Lease Obligations	13.9M	11.1M	7.8M	6.5M	29.4M	30.9M
Property Plant And Equipment Gross	11.5B	11.6B	11.8B	12.2B	15.7B	16.4B

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When determining whether Baytex Energy Corp is a strong investment it is important to analyze Baytex Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Baytex Energy's future performance. For an informed investment choice regarding Baytex Stock, refer to the following important reports:

How To Invest In Baytex

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Is Baytex Stock a good investment?

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What is Baytex Energy's Net Worth?

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Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Baytex Energy. If investors know Baytex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Baytex Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.544

Dividend Share

0.09

Earnings Share

(0.41)

Revenue Per Share

4.112

Quarterly Revenue Growth

(0.08)

The market value of Baytex Energy Corp is measured differently than its book value, which is the value of Baytex that is recorded on the company's balance sheet. Investors also form their own opinion of Baytex Energy's value that differs from its market value or its book value, called intrinsic value, which is Baytex Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Baytex Energy's market value can be influenced by many factors that don't directly affect Baytex Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Baytex Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Baytex Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Baytex Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Baytex Net Income vs Gross Profit Analysis

Net Income vs Gross Profit

Net Income vs Gross Profit Correlation Analysis

Correlation Coefficient

Net Income

Gross Profit

Baytex Energy fundamental ratios Correlations

Baytex Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Baytex Energy fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 0.99	Non Current Liabilities Total
Non Current Liabilities Total	+ 0.98	Short Long Term Debt Total

Other Liab	- 0.85	Retained Earnings
Common Stock Shares Outstanding	- 0.8	Retained Earnings
Long Term Debt	- 0.75	Retained Earnings
Non Current Liabilities Total	- 0.69	Retained Earnings
Retained Earnings	- 0.67	Net Debt
Retained Earnings	- 0.67	Short Long Term Debt Total