CCL Operating Income vs Net Income Analysis

CCL-B Stock

CAD 77.26 0.42 0.54%

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

Operating Income vs Net Income

Operating Income vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CCL Industries Operating Income account and Net Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between CCL Industries' Operating Income and Net Income is 0.98. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Net Income in the same time period over historical financial statements of CCL Industries, assuming nothing else is changed. The correlation between historical values of CCL Industries' Operating Income and Net 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 Operating Income of CCL Industries are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Operating Income i.e., CCL Industries' Operating Income and Net Income go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from CCL Industries 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 CCL Industries 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.

Net Income

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

Most indicators from CCL Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CCL Industries 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 CCL Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

At this time, CCL Industries' Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 7.9 B in 2024, whereas Selling General Administrative is likely to drop slightly above 580.6 M in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	5.7B	6.4B	6.6B	7.0B
Depreciation And Amortization	342.4M	365.3M	403.3M	423.5M

Total Revenue Depreciation And Amortization

CCL Industries 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	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Other Current Assets	Good Will	Current Deferred Revenue	Common Stock
Total Assets		0.95	0.85	0.97	0.97	0.99	0.91	0.97	0.98	0.97	1.0	0.75	0.97	0.99	0.89	0.96	0.98	0.22	0.98	0.99	-0.04	0.95	0.11	1.0	0.68	0.87
Short Long Term Debt Total	0.95		0.8	0.95	0.85	0.89	0.99	0.85	0.91	0.94	0.95	0.73	0.94	0.95	0.83	0.99	0.89	0.14	0.99	0.94	0.09	0.98	0.11	0.95	0.48	0.73
Other Current Liab	0.85	0.8		0.86	0.82	0.81	0.77	0.83	0.88	0.8	0.85	0.57	0.8	0.87	0.74	0.82	0.87	0.29	0.84	0.86	-0.07	0.84	0.16	0.86	0.37	0.73
Total Current Liabilities	0.97	0.95	0.86		0.92	0.93	0.92	0.91	0.96	0.95	0.97	0.74	0.95	0.99	0.88	0.95	0.95	0.11	0.98	0.98	0.09	0.95	0.1	0.97	0.6	0.81
Total Stockholder Equity	0.97	0.85	0.82	0.92		0.99	0.79	1.0	0.97	0.93	0.97	0.72	0.93	0.95	0.88	0.88	0.98	0.28	0.9	0.97	-0.13	0.86	0.13	0.97	0.78	0.92
Property Plant And Equipment Net	0.99	0.89	0.81	0.93	0.99		0.84	0.99	0.96	0.95	0.99	0.71	0.95	0.96	0.9	0.92	0.97	0.25	0.93	0.97	-0.09	0.89	0.08	0.98	0.76	0.89
Net Debt	0.91	0.99	0.77	0.92	0.79	0.84		0.79	0.87	0.89	0.91	0.68	0.89	0.91	0.79	0.98	0.84	0.13	0.97	0.89	0.13	0.98	0.14	0.91	0.39	0.66
Retained Earnings	0.97	0.85	0.83	0.91	1.0	0.99	0.79		0.97	0.92	0.97	0.72	0.92	0.95	0.87	0.88	0.98	0.29	0.9	0.96	-0.13	0.86	0.13	0.97	0.78	0.92
Accounts Payable	0.98	0.91	0.88	0.96	0.97	0.96	0.87	0.97		0.94	0.98	0.79	0.94	0.99	0.85	0.93	0.99	0.31	0.95	0.99	-0.07	0.92	0.17	0.98	0.66	0.89
Cash	0.97	0.94	0.8	0.95	0.93	0.95	0.89	0.92	0.94		0.96	0.78	1.0	0.96	0.87	0.95	0.93	0.16	0.96	0.98	-0.04	0.9	0.01	0.96	0.64	0.82
Non Current Assets Total	1.0	0.95	0.85	0.97	0.97	0.99	0.91	0.97	0.98	0.96		0.73	0.96	0.99	0.89	0.96	0.98	0.23	0.97	0.99	-0.03	0.95	0.11	1.0	0.68	0.87
Non Currrent Assets Other	0.75	0.73	0.57	0.74	0.72	0.71	0.68	0.72	0.79	0.78	0.73		0.78	0.75	0.53	0.72	0.79	0.2	0.73	0.78	-0.17	0.69	0.21	0.74	0.53	0.74
Cash And Short Term Investments	0.97	0.94	0.8	0.95	0.93	0.95	0.89	0.92	0.94	1.0	0.96	0.78		0.96	0.87	0.95	0.93	0.16	0.96	0.98	-0.04	0.9	0.01	0.96	0.64	0.82
Net Receivables	0.99	0.95	0.87	0.99	0.95	0.96	0.91	0.95	0.99	0.96	0.99	0.75	0.96		0.89	0.96	0.98	0.19	0.98	1.0	-0.05	0.95	0.13	0.99	0.65	0.86
Common Stock Shares Outstanding	0.89	0.83	0.74	0.88	0.88	0.9	0.79	0.87	0.85	0.87	0.89	0.53	0.87	0.89		0.84	0.86	-0.02	0.86	0.89	-0.01	0.81	-0.02	0.88	0.66	0.65
Non Current Liabilities Total	0.96	0.99	0.82	0.95	0.88	0.92	0.98	0.88	0.93	0.95	0.96	0.72	0.95	0.96	0.84		0.91	0.18	1.0	0.95	0.03	0.98	0.09	0.96	0.52	0.76
Inventory	0.98	0.89	0.87	0.95	0.98	0.97	0.84	0.98	0.99	0.93	0.98	0.79	0.93	0.98	0.86	0.91		0.27	0.93	0.99	-0.13	0.91	0.21	0.98	0.71	0.91
Other Stockholder Equity	0.22	0.14	0.29	0.11	0.28	0.25	0.13	0.29	0.31	0.16	0.23	0.2	0.16	0.19	-0.02	0.18	0.27		0.16	0.2	-0.1	0.19	0.27	0.26	0.14	0.34
Total Liab	0.98	0.99	0.84	0.98	0.9	0.93	0.97	0.9	0.95	0.96	0.97	0.73	0.96	0.98	0.86	1.0	0.93	0.16		0.97	0.05	0.98	0.09	0.97	0.54	0.78
Total Current Assets	0.99	0.94	0.86	0.98	0.97	0.97	0.89	0.96	0.99	0.98	0.99	0.78	0.98	1.0	0.89	0.95	0.99	0.2	0.97		-0.07	0.94	0.12	0.99	0.67	0.87
Short Term Debt	-0.04	0.09	-0.07	0.09	-0.13	-0.09	0.13	-0.13	-0.07	-0.04	-0.03	-0.17	-0.04	-0.05	-0.01	0.03	-0.13	-0.1	0.05	-0.07		0.08	-0.17	-0.03	-0.19	-0.2
Intangible Assets	0.95	0.98	0.84	0.95	0.86	0.89	0.98	0.86	0.92	0.9	0.95	0.69	0.9	0.95	0.81	0.98	0.91	0.19	0.98	0.94	0.08		0.22	0.96	0.49	0.76
Other Current Assets	0.11	0.11	0.16	0.1	0.13	0.08	0.14	0.13	0.17	0.01	0.11	0.21	0.01	0.13	-0.02	0.09	0.21	0.27	0.09	0.12	-0.17	0.22		0.18	0.11	0.24
Good Will	1.0	0.95	0.86	0.97	0.97	0.98	0.91	0.97	0.98	0.96	1.0	0.74	0.96	0.99	0.88	0.96	0.98	0.26	0.97	0.99	-0.03	0.96	0.18		0.67	0.87
Current Deferred Revenue	0.68	0.48	0.37	0.6	0.78	0.76	0.39	0.78	0.66	0.64	0.68	0.53	0.64	0.65	0.66	0.52	0.71	0.14	0.54	0.67	-0.19	0.49	0.11	0.67		0.8
Common Stock	0.87	0.73	0.73	0.81	0.92	0.89	0.66	0.92	0.89	0.82	0.87	0.74	0.82	0.86	0.65	0.76	0.91	0.34	0.78	0.87	-0.2	0.76	0.24	0.87	0.8

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CCL Industries Account Relationship Matchups

CCL Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.0B	7.3B	7.6B	8.7B	8.9B	9.4B
Short Long Term Debt Total	2.4B	2.1B	1.9B	2.4B	2.3B	2.4B
Other Current Liab	200K	542.8M	587.8M	568.7M	563.8M	592.0M
Total Current Liabilities	1.1B	1.3B	1.4B	1.5B	1.4B	1.5B
Total Stockholder Equity	2.9B	3.3B	3.7B	4.3B	4.6B	4.9B
Property Plant And Equipment Net	2.0B	2.0B	2.1B	2.4B	2.7B	2.8B
Net Debt	1.7B	1.4B	1.3B	1.5B	1.5B	1.6B
Retained Earnings	2.5B	2.9B	3.4B	3.7B	4.1B	4.3B
Accounts Payable	577.2M	633.2M	782.2M	886.1M	801.2M	841.3M
Cash	695.2M	700.3M	594.1M	831.5M	765.1M	803.4M
Non Current Assets Total	4.9B	5.1B	5.2B	5.8B	6.2B	6.6B
Non Currrent Assets Other	52.4M	36M	42.1M	89.4M	43.2M	38.4M
Cash And Short Term Investments	695.2M	700.3M	594.1M	831.5M	765.1M	803.4M
Net Receivables	883.2M	951.8M	1.1B	1.1B	1.1B	1.2B
Common Stock Shares Outstanding	179.1M	179.8M	180.9M	179.2M	179.9M	190.3M
Liabilities And Stockholders Equity	7.0B	7.3B	7.6B	8.7B	8.9B	9.4B
Non Current Liabilities Total	3.0B	2.8B	2.5B	2.9B	2.9B	3.0B
Inventory	481.6M	533.5M	677.3M	785.1M	732.3M	768.9M
Other Stockholder Equity	81.5M	90.1M	103.6M	132M	157.9M	115.8M
Total Liab	4.1B	4.1B	3.9B	4.4B	4.3B	4.5B
Total Current Assets	2.1B	2.2B	2.4B	2.8B	2.7B	2.8B
Accumulated Other Comprehensive Income	(89.3M)	(142.2M)	(241.4M)	(65.4M)	(111.4M)	(105.8M)
Short Term Debt	74.1M	86M	48M	46.6M	51.9M	70.0M
Intangible Assets	1.0B	1.0B	991.1M	1.0B	1.0B	1.1B
Other Current Assets	45M	39.1M	54.5M	58M	59.8M	40.6M
Good Will	1.8B	1.9B	2.0B	2.2B	2.3B	2.4B
Common Stock	365.5M	396.8M	462.1M	468.4M	520.5M	371.2M
Other Liab	646.6M	783.9M	659.5M	582.6M	670.0M	521.3M
Net Tangible Assets	74.6M	356.1M	780.8M	1.1B	1.2B	1.3B
Other Assets	83.2M	78.7M	89.8M	160.9M	185.0M	194.3M
Long Term Debt	2.2B	1.9B	1.7B	2.2B	2.1B	1.8B
Long Term Investments	62M	66.1M	68.4M	79.5M	85M	75.3M
Short Long Term Debt	38.8M	51.8M	15.3M	6.6M	6.9M	6.6M
Property Plant Equipment	2.0B	2.0B	2.1B	2.4B	2.8B	1.7B
Capital Lease Obligations	146.2M	153.4M	144.6M	179.6M	207.7M	116.0M
Net Invested Capital	5.2B	5.2B	5.5B	6.4B	6.7B	6.1B
Net Working Capital	957M	962.7M	1.0B	1.3B	1.3B	1.1B
Capital Stock	365.5M	396.8M	462.1M	468.4M	520.5M	461.9M

Pair Trading with CCL Industries

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CCL Industries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CCL Industries will appreciate offsetting losses from the drop in the long position's value.

Moving against CCL Stock

0.54

SEC

Senvest Capital

Pair Corr

The ability to find closely correlated positions to CCL Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CCL Industries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CCL Industries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CCL Industries to buy it.

The correlation of CCL Industries is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CCL Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CCL Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for CCL Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for CCL Stock Analysis

When running CCL Industries' price analysis, check to measure CCL Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CCL Industries is operating at the current time. Most of CCL Industries' value examination focuses on studying past and present price action to predict the probability of CCL Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CCL Industries' price. Additionally, you may evaluate how the addition of CCL Industries to your portfolios can decrease your overall portfolio volatility.

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