CMC Income Before Tax vs Cost Of Revenue Analysis

CMB Stock

CAD 0.02 0.01 33.33%

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

Income Before Tax vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CMC Metals Income Before Tax account and Cost Of Revenue. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between CMC Metals' Income Before Tax and Cost Of Revenue is 0.52. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of CMC Metals, assuming nothing else is changed. The correlation between historical values of CMC Metals' Income Before Tax and Cost Of Revenue 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 CMC Metals are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Income Before Tax i.e., CMC Metals' Income Before Tax and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

0.52

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on CMC Metals income statement and is an important metric when analyzing CMC Metals 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.

Cost Of Revenue

Cost of Revenue is found on CMC Metals income statement and represents the costs associated with goods and services CMC Metals provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Most indicators from CMC Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CMC Metals 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 CMC Metals. 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.

Enterprise Value is likely to climb to about 12.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 511.5 K in 2024.

CMC Metals fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	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	Short Long Term Debt Total	Property Plant And Equipment Net	Non Currrent Assets Other	Non Current Liabilities Total	Inventory	Short Term Debt	Other Current Liab	Short Term Investments	Current Deferred Revenue	Long Term Debt	Short Long Term Debt
Total Assets		-0.04	0.96	0.23	0.52	-0.02	-0.11	0.99	-0.13	-0.12	-0.27	-0.27	0.78	0.2	-0.16	0.21	0.99	0.13	0.61	0.12	0.16	-0.68	-0.12	0.02	0.71	0.29
Total Current Liabilities	-0.04		-0.3	0.87	-0.06	-0.47	-0.45	0.02	-0.46	-0.39	-0.45	-0.44	-0.08	0.93	-0.49	0.78	0.02	0.01	-0.59	0.2	0.85	0.25	-0.43	0.74	-0.24	0.22
Total Stockholder Equity	0.96	-0.3		0.01	0.56	0.06	0.0	0.94	-0.02	-0.04	-0.19	-0.18	0.76	-0.07	-0.05	0.01	0.94	0.12	0.7	0.09	-0.06	-0.73	0.04	-0.14	0.76	0.25
Net Debt	0.23	0.87	0.01		0.36	-0.67	-0.7	0.32	-0.72	-0.66	-0.69	-0.61	0.12	0.82	-0.77	0.95	0.33	-0.07	-0.4	0.29	0.95	-0.19	-0.13	0.83	0.21	0.37
Retained Earnings	0.52	-0.06	0.56	0.36		-0.66	-0.32	0.56	-0.36	-0.48	-0.77	-0.66	0.4	-0.13	-0.47	0.53	0.59	0.01	0.08	0.36	0.36	-0.8	0.65	0.46	0.84	0.53
Accounts Payable	-0.02	-0.47	0.06	-0.67	-0.66		0.42	-0.09	0.46	0.52	0.94	0.88	-0.11	-0.24	0.58	-0.8	-0.12	-0.13	0.53	-0.65	-0.66	0.25	-0.39	-0.82	-0.3	-0.43
Cash	-0.11	-0.45	0.0	-0.7	-0.32	0.42		-0.21	1.0	0.84	0.38	0.21	-0.09	-0.4	0.97	-0.55	-0.23	0.52	0.24	-0.01	-0.53	0.2	-0.09	-0.56	-0.22	-0.13
Non Current Assets Total	0.99	0.02	0.94	0.32	0.56	-0.09	-0.21		-0.23	-0.22	-0.33	-0.32	0.77	0.24	-0.27	0.28	1.0	0.09	0.56	0.15	0.23	-0.7	-0.09	0.09	0.73	0.32
Cash And Short Term Investments	-0.13	-0.46	-0.02	-0.72	-0.36	0.46	1.0	-0.23		0.85	0.43	0.26	-0.1	-0.4	0.98	-0.58	-0.25	0.48	0.24	-0.04	-0.57	0.23	-0.11	-0.57	-0.25	-0.17
Net Receivables	-0.12	-0.39	-0.04	-0.66	-0.48	0.52	0.84	-0.22	0.85		0.5	0.32	0.02	-0.3	0.91	-0.61	-0.23	0.5	0.26	-0.04	-0.55	0.37	-0.24	-0.65	-0.33	-0.26
Common Stock Shares Outstanding	-0.27	-0.45	-0.19	-0.69	-0.77	0.94	0.38	-0.33	0.43	0.5		0.95	-0.2	-0.28	0.55	-0.82	-0.36	-0.19	0.41	-0.69	-0.66	0.39	-0.31	-0.79	-0.48	-0.47
Other Current Assets	-0.27	-0.44	-0.18	-0.61	-0.66	0.88	0.21	-0.32	0.26	0.32	0.95		-0.23	-0.29	0.39	-0.73	-0.34	-0.43	0.4	-0.76	-0.6	0.27	-0.16	-0.65	-0.38	-0.42
Other Stockholder Equity	0.78	-0.08	0.76	0.12	0.4	-0.11	-0.09	0.77	-0.1	0.02	-0.2	-0.23		0.11	-0.11	0.1	0.77	0.18	0.5	0.15	0.05	-0.43	-0.05	0.0	0.41	0.3
Total Liab	0.2	0.93	-0.07	0.82	-0.13	-0.24	-0.4	0.24	-0.4	-0.3	-0.28	-0.29	0.11		-0.41	0.68	0.23	0.04	-0.27	0.09	0.78	0.14	-0.59	0.56	-0.14	0.16
Total Current Assets	-0.16	-0.49	-0.05	-0.77	-0.47	0.58	0.97	-0.27	0.98	0.91	0.55	0.39	-0.11	-0.41		-0.67	-0.29	0.43	0.3	-0.1	-0.63	0.3	-0.15	-0.66	-0.31	-0.25
Short Long Term Debt Total	0.21	0.78	0.01	0.95	0.53	-0.8	-0.55	0.28	-0.58	-0.61	-0.82	-0.73	0.1	0.68	-0.67		0.3	0.02	-0.4	0.41	0.96	-0.3	0.11	0.87	0.32	0.52
Property Plant And Equipment Net	0.99	0.02	0.94	0.33	0.59	-0.12	-0.23	1.0	-0.25	-0.23	-0.36	-0.34	0.77	0.23	-0.29	0.3		0.08	0.54	0.16	0.24	-0.71	-0.06	0.12	0.75	0.33
Non Currrent Assets Other	0.13	0.01	0.12	-0.07	0.01	-0.13	0.52	0.09	0.48	0.5	-0.19	-0.43	0.18	0.04	0.43	0.02	0.08		0.04	0.41	0.04	0.1	-0.22	-0.21	-0.01	-0.02
Non Current Liabilities Total	0.61	-0.59	0.7	-0.4	0.08	0.53	0.24	0.56	0.24	0.26	0.41	0.4	0.5	-0.27	0.3	-0.4	0.54	0.04		-0.21	-0.39	-0.55	0.06	-0.58	0.51	-0.08
Inventory	0.12	0.2	0.09	0.29	0.36	-0.65	-0.01	0.15	-0.04	-0.04	-0.69	-0.76	0.15	0.09	-0.1	0.41	0.16	0.41	-0.21		0.23	-0.06	0.13	0.38	0.21	0.24
Short Term Debt	0.16	0.85	-0.06	0.95	0.36	-0.66	-0.53	0.23	-0.57	-0.55	-0.66	-0.6	0.05	0.78	-0.63	0.96	0.24	0.04	-0.39	0.23		-0.2	-0.04	0.77	0.2	0.48
Other Current Liab	-0.68	0.25	-0.73	-0.19	-0.8	0.25	0.2	-0.7	0.23	0.37	0.39	0.27	-0.43	0.14	0.3	-0.3	-0.71	0.1	-0.55	-0.06	-0.2		-0.52	-0.16	-0.96	-0.31
Short Term Investments	-0.12	-0.43	0.04	-0.13	0.65	-0.39	-0.09	-0.09	-0.11	-0.24	-0.31	-0.16	-0.05	-0.59	-0.15	0.11	-0.06	-0.22	0.06	0.13	-0.04	-0.52		0.16	0.48	0.38
Current Deferred Revenue	0.02	0.74	-0.14	0.83	0.46	-0.82	-0.56	0.09	-0.57	-0.65	-0.79	-0.65	0.0	0.56	-0.66	0.87	0.12	-0.21	-0.58	0.38	0.77	-0.16	0.16		0.15	0.37
Long Term Debt	0.71	-0.24	0.76	0.21	0.84	-0.3	-0.22	0.73	-0.25	-0.33	-0.48	-0.38	0.41	-0.14	-0.31	0.32	0.75	-0.01	0.51	0.21	0.2	-0.96	0.48	0.15		0.28
Short Long Term Debt	0.29	0.22	0.25	0.37	0.53	-0.43	-0.13	0.32	-0.17	-0.26	-0.47	-0.42	0.3	0.16	-0.25	0.52	0.33	-0.02	-0.08	0.24	0.48	-0.31	0.38	0.37	0.28

Click cells to compare fundamentals

CMC Metals Account Relationship Matchups

CMC Metals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	694.8K	1.0M	1.7M	946.2K	1.1M	1.0M
Total Current Liabilities	936.4K	798.6K	925.1K	942.1K	1.1M	1.1M
Total Stockholder Equity	(262.7K)	(196.5K)	178.2K	(603.5K)	(543.2K)	(516.0K)
Net Debt	(279.5K)	(499.5K)	(858.9K)	(127.5K)	(146.6K)	(139.3K)
Retained Earnings	(21.5M)	(24.6M)	(28.8M)	(32.3M)	(29.1M)	(27.6M)
Accounts Payable	228.7K	283.7K	394.7K	433.2K	498.2K	523.1K
Cash	300.6K	524.1K	891.7K	166.0K	190.8K	269.4K
Non Current Assets Total	258.2K	402.3K	487.5K	582.2K	524.0K	497.8K
Cash And Short Term Investments	300.6K	524.1K	916.7K	191.0K	219.6K	307.6K
Net Receivables	105.4K	62.3K	229.4K	42.5K	48.9K	46.2K
Common Stock Shares Outstanding	51.1M	80.4M	110.5M	137.3M	157.8M	165.7M
Liabilities And Stockholders Equity	694.8K	1.0M	1.7M	946.2K	1.1M	1.0M
Other Current Assets	30.5K	30.7K	77.6K	130.5K	150.1K	157.6K
Other Stockholder Equity	613.9K	958.3K	2.3M	(42K)	(37.8K)	(35.9K)
Total Liab	957.5K	1.2M	1.5M	1.5M	1.8M	1.6M
Total Current Assets	436.5K	617.1K	1.2M	364.0K	418.6K	422.9K
Short Long Term Debt Total	21.1K	24.6K	32.9K	38.4K	44.2K	42.0K
Non Currrent Assets Other	258.2K	402.3K	421.0K	(42K)	(48.3K)	(45.9K)
Non Current Liabilities Total	21.1K	417.4K	608.0K	607.7K	546.9K	444.4K
Other Current Liab	707.7K	514.9K	530.3K	508.9K	585.2K	369.3K
Accumulated Other Comprehensive Income	613.9K	958.3K	2.3M	3.1M	3.6M	3.8M
Common Stock	20.7M	23.4M	26.7M	28.7M	33.0M	21.6M
Net Tangible Assets	(1.4M)	(262.7K)	(196.5K)	178.2K	205.0K	215.2K
Other Assets	256.4K	258.2K	402.3K	421.0K	484.2K	317.2K
Net Invested Capital	(241.6K)	(171.8K)	211.1K	(565.1K)	(649.9K)	(682.4K)
Net Working Capital	(499.9K)	(181.4K)	298.7K	(578.1K)	(664.8K)	(698.0K)
Capital Stock	20.7M	23.4M	26.7M	28.7M	33.0M	25.2M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for CMC Stock Analysis

When running CMC Metals' price analysis, check to measure CMC Metals' 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 CMC Metals is operating at the current time. Most of CMC Metals' value examination focuses on studying past and present price action to predict the probability of CMC Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CMC Metals' price. Additionally, you may evaluate how the addition of CMC Metals to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC