Beyond Income Before Tax vs Non Operating Income Net Other Analysis
BYND Stock | USD 5.05 0.12 2.32% |
Beyond Meat financial indicator trend analysis is way more than just evaluating Beyond Meat prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Beyond Meat is a good investment. Please check the relationship between Beyond Meat Income Before Tax and its Non Operating Income Net Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Beyond Meat. 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. For information on how to trade Beyond Stock refer to our How to Trade Beyond Stock guide.
Income Before Tax vs Non Operating Income Net Other
Income Before Tax vs Non Operating Income Net Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Beyond Meat Income Before Tax account and Non Operating Income Net Other. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Beyond Meat's Income Before Tax and Non Operating Income Net Other is 0.98. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Non Operating Income Net Other in the same time period over historical financial statements of Beyond Meat, assuming nothing else is changed. The correlation between historical values of Beyond Meat's Income Before Tax and Non Operating Income Net Other 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 Beyond Meat are associated (or correlated) with its Non Operating Income Net Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Operating Income Net Other has no effect on the direction of Income Before Tax i.e., Beyond Meat's Income Before Tax and Non Operating Income Net Other go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Beyond Meat income statement and is an important metric when analyzing Beyond Meat 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.Non Operating Income Net Other
Most indicators from Beyond Meat's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Beyond Meat 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 Beyond Meat. 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. For information on how to trade Beyond Stock refer to our How to Trade Beyond Stock guide.The current year's Enterprise Value is expected to grow to about 3.1 B, whereas Selling General Administrative is forecasted to decline to about 121.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.6M | 4.0M | 4.0M | 2.7M | Depreciation And Amortization | 25.1M | 37.7M | 48.1M | 50.5M |
Beyond Meat fundamental ratios Correlations
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Beyond Meat Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Beyond Meat fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 451.9M | 468.0M | 1.4B | 1.1B | 774.5M | 601.0M | |
Short Long Term Debt Total | 31.2M | 40.1M | 1.2B | 1.2B | 1.2B | 1.3B | |
Other Current Liab | 9.6M | 4.6M | 16.1M | 16.7M | 14.6M | 10.2M | |
Total Current Liabilities | 47.7M | 89.0M | 94.2M | 75.8M | 74.4M | 58.1M | |
Total Stockholder Equity | 384.1M | 367.1M | 132.5M | (203.5M) | (513.4M) | (487.7M) | |
Property Plant And Equipment Net | 47.5M | 129.9M | 312.5M | 430.1M | 324.5M | 178.7M | |
Net Debt | (244.8M) | (119.0M) | 424.1M | 883.8M | 1.0B | 1.1B | |
Retained Earnings | (142.1M) | (194.9M) | (377.0M) | (743.1M) | (1.1B) | (1.0B) | |
Accounts Payable | 26.9M | 53.1M | 69.0M | 55.3M | 56.0M | 39.4M | |
Cash | 276.0M | 159.1M | 733.3M | 309.9M | 190.5M | 244.6M | |
Non Current Assets Total | 48.3M | 135.8M | 327.4M | 455.8M | 401.6M | 421.7M | |
Non Currrent Assets Other | 855K | 5.9M | 6.8M | 23.4M | 75.4M | 79.2M | |
Cash And Short Term Investments | 276.0M | 159.1M | 733.3M | 309.9M | 190.5M | 244.6M | |
Net Receivables | 40.1M | 36.0M | 43.8M | 34.2M | 31.7M | 27.9M | |
Common Stock Shares Outstanding | 42.3M | 62.3M | 63.2M | 63.6M | 64.3M | 59.8M | |
Liabilities And Stockholders Equity | 451.9M | 468.0M | 1.4B | 1.1B | 774.5M | 601.0M | |
Non Current Liabilities Total | 20.1M | 11.9M | 1.2B | 1.2B | 1.2B | 1.3B | |
Inventory | 81.6M | 121.7M | 241.9M | 235.7M | 130.3M | 117.7M | |
Other Current Assets | 8.9M | 29.7M | 66.2M | 26.6M | 20.3M | 21.9M | |
Other Stockholder Equity | 526.2M | 560.2M | 510.0M | 544.4M | 573.1M | 410.9M | |
Total Liab | 67.8M | 100.9M | 1.2B | 1.3B | 1.3B | 1.4B | |
Property Plant And Equipment Gross | 47.5M | 129.9M | 312.5M | 430.1M | 478.3M | 502.3M | |
Total Current Assets | 403.6M | 332.2M | 1.1B | 606.5M | 372.8M | 405.1M | |
Accumulated Other Comprehensive Income | 0.0 | 1.7M | (553K) | (4.8M) | (5.2M) | (5.5M) | |
Short Term Debt | 11.1M | 31.3M | 9.1M | 3.8M | 3.7M | 3.5M | |
Net Tangible Assets | 384.1M | 367.1M | 132.5M | (203.5M) | (234.1M) | (222.4M) | |
Other Assets | 855K | 20.5M | 66.0M | 108.8M | 125.2M | 131.4M | |
Long Term Debt | 30.4M | 19.6M | 1.1B | 1.1B | 1.1B | 633.0M | |
Capital Lease Obligations | 639K | 15.1M | 27.7M | 60.1M | 79.6M | 83.6M | |
Net Invested Capital | 414.7M | 392.1M | 1.3B | 930.1M | 624.2M | 572.2M | |
Net Working Capital | 355.9M | 243.3M | 957.9M | 530.6M | 298.5M | 393.6M | |
Property Plant Equipment | 47.5M | 129.9M | 253.3M | 344.6M | 396.3M | 416.1M |
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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.When determining whether Beyond Meat is a strong investment it is important to analyze Beyond Meat'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 Beyond Meat's future performance. For an informed investment choice regarding Beyond Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Beyond Meat. 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. For information on how to trade Beyond Stock refer to our How to Trade Beyond Stock guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Is Packaged Foods & Meats 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 Beyond Meat. If investors know Beyond 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 Beyond Meat listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.19) | Revenue Per Share 4.992 | Quarterly Revenue Growth 0.076 | Return On Assets (0.14) | Return On Equity (11.67) |
The market value of Beyond Meat is measured differently than its book value, which is the value of Beyond that is recorded on the company's balance sheet. Investors also form their own opinion of Beyond Meat's value that differs from its market value or its book value, called intrinsic value, which is Beyond Meat'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 Beyond Meat's market value can be influenced by many factors that don't directly affect Beyond Meat'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 Beyond Meat's value and its price as these two are different measures arrived at by different means. Investors typically determine if Beyond Meat is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Beyond Meat'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.