Champion Total Operating Expenses vs Gross Profit Analysis

CIA Stock

5.64 0.01 0.18%

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

Total Operating Expenses vs Gross Profit

Total Operating Expenses vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Champion Iron Total Operating Expenses account and Gross Profit. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Champion Iron's Total Operating Expenses and Gross Profit is 0.51. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Champion Iron, assuming nothing else is changed. The correlation between historical values of Champion Iron's Total Operating Expenses 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 Total Operating Expenses of Champion Iron 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 Total Operating Expenses i.e., Champion Iron's Total Operating Expenses and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.51

Relationship Direction	Positive
Relationship Strength	Weak

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Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Gross Profit

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

Tax Provision is likely to gain to about 178.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 26.8 M in 2024.

	2021	2022	2023	2024 (projected)
Research Development	5.5M	11.9M	11.3M	6.9M
Reconciled Depreciation	43.9M	121.0M	123.6M	129.8M

Research Development Reconciled Depreciation

Champion Iron 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	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Other Liab	Net Tangible Assets	Other Assets	Non Current Liabilities Total
Total Assets		0.95	0.99	0.99	0.37	0.95	0.98	0.85	0.99	0.2	0.75	0.77	0.96	0.34	0.14	0.98	0.1	0.99	0.98	0.97	0.59	0.77	0.98	0.98	0.97	0.98
Total Current Liabilities	0.95		0.93	0.9	0.18	0.86	0.95	0.92	0.91	0.21	0.84	0.75	0.96	0.35	0.38	0.92	0.07	0.95	0.89	0.97	0.6	0.84	0.94	0.91	0.92	0.9
Total Stockholder Equity	0.99	0.93		0.98	0.31	0.98	0.97	0.85	0.98	0.22	0.75	0.73	0.95	0.33	0.11	0.98	0.19	0.95	0.97	0.95	0.55	0.76	0.94	1.0	0.97	0.94
Property Plant And Equipment Net	0.99	0.9	0.98		0.48	0.97	0.99	0.77	1.0	0.23	0.65	0.71	0.92	0.32	0.03	0.97	0.14	0.98	1.0	0.92	0.6	0.68	0.97	0.98	0.97	0.98
Net Debt	0.37	0.18	0.31	0.48		0.39	0.43	-0.13	0.47	0.16	-0.25	0.25	0.2	0.1	-0.36	0.38	0.02	0.43	0.5	0.18	0.55	-0.1	0.45	0.35	0.41	0.51
Retained Earnings	0.95	0.86	0.98	0.97	0.39		0.95	0.74	0.97	0.36	0.62	0.67	0.86	0.33	-0.04	0.96	0.3	0.9	0.97	0.87	0.54	0.6	0.9	0.99	0.97	0.9
Accounts Payable	0.98	0.95	0.97	0.99	0.43	0.95		0.79	0.99	0.26	0.67	0.7	0.93	0.36	0.14	0.95	0.15	0.98	0.98	0.93	0.65	0.7	0.97	0.97	0.98	0.96
Cash	0.85	0.92	0.85	0.77	-0.13	0.74	0.79		0.78	0.01	0.96	0.72	0.93	0.31	0.41	0.82	-0.05	0.84	0.75	0.95	0.33	0.93	0.81	0.81	0.76	0.78
Non Current Assets Total	0.99	0.91	0.98	1.0	0.47	0.97	0.99	0.78		0.23	0.66	0.74	0.93	0.32	0.07	0.98	0.14	0.98	1.0	0.93	0.63	0.7	0.97	0.99	0.98	0.97
Non Currrent Assets Other	0.2	0.21	0.22	0.23	0.16	0.36	0.26	0.01	0.23		-0.05	0.16	0.02	0.04	-0.17	0.29	0.66	0.16	0.24	0.13	0.3	-0.2	0.17	0.29	0.38	0.14
Cash And Short Term Investments	0.75	0.84	0.75	0.65	-0.25	0.62	0.67	0.96	0.66	-0.05		0.74	0.85	0.22	0.53	0.73	-0.09	0.73	0.61	0.86	0.35	0.96	0.72	0.7	0.66	0.66
Net Receivables	0.77	0.75	0.73	0.71	0.25	0.67	0.7	0.72	0.74	0.16	0.74		0.74	0.23	0.4	0.83	-0.14	0.77	0.69	0.78	0.71	0.74	0.82	0.72	0.76	0.75
Common Stock Total Equity	0.96	0.96	0.95	0.92	0.2	0.86	0.93	0.93	0.93	0.02	0.85	0.74		0.29	0.3	0.92	0.0	0.95	0.91	0.98	0.51	0.9	0.94	0.92	0.89	0.93
Common Stock Shares Outstanding	0.34	0.35	0.33	0.32	0.1	0.33	0.36	0.31	0.32	0.04	0.22	0.23	0.29		-0.14	0.33	-0.08	0.34	0.33	0.35	0.15	0.17	0.31	0.32	0.33	0.33
Short Term Investments	0.14	0.38	0.11	0.03	-0.36	-0.04	0.14	0.41	0.07	-0.17	0.53	0.4	0.3	-0.14		0.13	-0.26	0.16	-0.01	0.25	0.44	0.55	0.24	0.08	0.14	0.07
Other Current Assets	0.98	0.92	0.98	0.97	0.38	0.96	0.95	0.82	0.98	0.29	0.73	0.83	0.92	0.33	0.13		0.18	0.96	0.96	0.94	0.64	0.74	0.96	0.97	0.98	0.95
Other Stockholder Equity	0.1	0.07	0.19	0.14	0.02	0.3	0.15	-0.05	0.14	0.66	-0.09	-0.14	0.0	-0.08	-0.26	0.18		0.01	0.15	0.0	0.08	-0.15	-0.02	0.23	0.25	-0.01
Total Liab	0.99	0.95	0.95	0.98	0.43	0.9	0.98	0.84	0.98	0.16	0.73	0.77	0.95	0.34	0.16	0.96	0.01		0.97	0.96	0.61	0.77	0.99	0.94	0.94	0.99
Property Plant And Equipment Gross	0.98	0.89	0.97	1.0	0.5	0.97	0.98	0.75	1.0	0.24	0.61	0.69	0.91	0.33	-0.01	0.96	0.15	0.97		0.91	0.59	0.65	0.96	0.98	0.96	0.97
Total Current Assets	0.97	0.97	0.95	0.92	0.18	0.87	0.93	0.95	0.93	0.13	0.86	0.78	0.98	0.35	0.25	0.94	0.0	0.96	0.91		0.48	0.86	0.94	0.92	0.9	0.93
Short Term Debt	0.59	0.6	0.55	0.6	0.55	0.54	0.65	0.33	0.63	0.3	0.35	0.71	0.51	0.15	0.44	0.64	0.08	0.61	0.59	0.48		0.41	0.7	0.58	0.7	0.59
Common Stock	0.77	0.84	0.76	0.68	-0.1	0.6	0.7	0.93	0.7	-0.2	0.96	0.74	0.9	0.17	0.55	0.74	-0.15	0.77	0.65	0.86	0.41		0.76	0.7	0.67	0.72
Other Liab	0.98	0.94	0.94	0.97	0.45	0.9	0.97	0.81	0.97	0.17	0.72	0.82	0.94	0.31	0.24	0.96	-0.02	0.99	0.96	0.94	0.7	0.76		0.94	0.95	0.98
Net Tangible Assets	0.98	0.91	1.0	0.98	0.35	0.99	0.97	0.81	0.99	0.29	0.7	0.72	0.92	0.32	0.08	0.97	0.23	0.94	0.98	0.92	0.58	0.7	0.94		0.98	0.93
Other Assets	0.97	0.92	0.97	0.97	0.41	0.97	0.98	0.76	0.98	0.38	0.66	0.76	0.89	0.33	0.14	0.98	0.25	0.94	0.96	0.9	0.7	0.67	0.95	0.98		0.92
Non Current Liabilities Total	0.98	0.9	0.94	0.98	0.51	0.9	0.96	0.78	0.97	0.14	0.66	0.75	0.93	0.33	0.07	0.95	-0.01	0.99	0.97	0.93	0.59	0.72	0.98	0.93	0.92

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Champion Iron Account Relationship Matchups

Champion Iron fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	882.6M	1.5B	2.0B	2.3B	2.7B	2.8B
Total Current Liabilities	112.9M	293.8M	286.9M	205.7M	323.1M	339.2M
Total Stockholder Equity	376.6M	853.0M	1.2B	1.3B	1.4B	1.5B
Property Plant And Equipment Net	447.4M	581.1M	1.2B	1.4B	1.7B	1.8B
Net Debt	(2.5M)	(392.5M)	55.4M	235.3M	216.3M	227.2M
Retained Earnings	(151.8M)	284.2M	718.7M	815.9M	946.6M	994.0M
Accounts Payable	44.5M	83.4M	160.1M	135.3M	203.0M	213.2M
Cash	281.4M	609.3M	321.9M	326.8M	400.1M	420.1M
Non Current Assets Total	481.3M	689.4M	1.4B	1.6B	1.8B	1.9B
Non Currrent Assets Other	(448.6M)	44.0M	43.7M	8.6M	92.0M	96.6M
Cash And Short Term Investments	298.7M	636.5M	352.7M	327.1M	400.1M	204.6M
Net Receivables	31.2M	73.3M	93.5M	131.8M	71.6M	50.0M
Common Stock Total Equity	224.3M	238.0M	431.6M	516.0M	593.4M	623.0M
Short Term Investments	17.9M	17.3M	27.2M	30.8M	312K	0.0
Liabilities And Stockholders Equity	882.6M	1.5B	2.0B	2.3B	2.7B	2.8B
Other Current Assets	13.0M	58.1M	81.7M	111.8M	95.9M	100.7M
Other Stockholder Equity	(120.3M)	22.3M	21.3M	22.8M	17.4M	18.2M
Total Liab	506.0M	643.9M	827.5M	1.1B	1.3B	1.4B
Property Plant And Equipment Gross	447.4M	581.1M	1.3B	1.6B	2.0B	2.1B
Total Current Assets	401.5M	807.5M	595.9M	738.0M	900.1M	945.1M
Accumulated Other Comprehensive Income	381K	530K	539K	430K	22.7M	23.9M
Short Term Debt	988K	501K	74.3M	40.5M	37.4M	22.4M
Common Stock	431.6M	516.0M	398.6M	401.3M	409.8M	317.3M
Other Liab	136.6M	115.2M	133.8M	237.6M	273.2M	286.9M
Net Tangible Assets	150.3M	211.0M	687.3M	1.2B	1.3B	1.4B
Other Assets	(300K)	93.3M	195.5M	175.5M	201.9M	212.0M
Non Current Liabilities Total	393.1M	350.1M	540.6M	846.9M	970.0M	1.0B
Long Term Investments	1.5M	8.8M	14.2M	14.8M	14.5M	15.2M
Property Plant Equipment	441.0M	581.1M	1.2B	1.4B	1.6B	1.7B
Capital Surpluse	21.1M	22.3M	21.3M	22.8M	26.2M	22.9M
Inventory	58.6M	66.8M	98.9M	167.7M	332.6M	349.2M
Short Long Term Debt Total	278.9M	216.9M	377.3M	562.1M	616.4M	348.9M
Other Current Liab	68.4M	18.3M	29.8M	29.8M	42.4M	39.1M
Current Deferred Revenue	(988K)	(501K)	52.3M	(40.5M)	(46.6M)	(44.2M)
Long Term Debt	276.0M	215.0M	251.4M	448.2M	508.4M	288.3M
Long Term Debt Total	277.9M	216.4M	303.1M	521.6M	599.9M	629.9M
Short Long Term Debt	46.3M	35.9M	72.0M	27.1M	31.1M	41.2M
Cash And Equivalents	281.4M	609.3M	321.9M	326.8M	375.8M	264.7M

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