Compass Ebit vs Gross Profit Analysis

CMP Stock

USD 14.83 0.13 0.88%

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

Ebit vs Gross Profit

Ebit vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Compass Minerals Int Ebit account and Gross Profit. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Compass Minerals' Ebit and Gross Profit is 0.82. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Compass Minerals International, assuming nothing else is changed. The correlation between historical values of Compass Minerals' Ebit 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 Ebit of Compass Minerals International 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 Ebit i.e., Compass Minerals' Ebit and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Ebit

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Compass Minerals International minus its cost of goods sold. It is profit before Compass Minerals 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 Compass Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Compass Minerals Int 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 Compass Minerals International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

At this time, Compass Minerals' Tax Provision is relatively stable compared to the past year. As of 11/22/2024, Discontinued Operations is likely to grow to about 11.5 M, while Enterprise Value Over EBITDA is likely to drop 11.12.

	2021	2022	2023	2024 (projected)
Gross Profit	171.7M	198M	233.9M	221.7M
Total Revenue	836.6M	1.2B	1.2B	1.1B

Gross Profit Total Revenue

Compass Minerals fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Net Receivables	Other Current Liab	Total Current Liabilities	Other Liab	Accounts Payable	Long Term Debt	Inventory	Other Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net
Total Assets		0.59	0.94	-0.21	0.97	-0.28	0.74	-0.21	0.3	0.95	-0.19	0.97	0.86	0.88	0.22	0.67	0.89	0.76	0.59	0.63	0.77	0.55	0.43	0.97	0.59	0.98
Total Stockholder Equity	0.59		0.3	0.37	0.55	0.06	0.19	0.37	0.1	0.36	-0.33	0.37	0.6	0.58	0.69	0.48	0.25	0.28	0.05	0.15	0.16	0.5	0.26	0.53	-0.2	0.53
Net Debt	0.94	0.3		-0.46	0.93	-0.4	0.81	-0.46	0.27	0.97	-0.13	0.99	0.74	0.79	-0.02	0.55	0.96	0.71	0.69	0.69	0.85	0.48	0.37	0.93	0.78	0.95
Cash	-0.21	0.37	-0.46		-0.36	0.12	-0.5	1.0	-0.08	-0.41	-0.31	-0.35	0.21	-0.06	0.26	0.18	-0.55	-0.07	-0.67	-0.34	-0.4	-0.06	0.15	-0.25	-0.5	-0.24
Non Current Assets Total	0.97	0.55	0.93	-0.36		-0.16	0.71	-0.36	0.23	0.96	-0.09	0.95	0.72	0.87	0.24	0.57	0.91	0.69	0.74	0.56	0.75	0.58	0.28	0.92	0.58	0.93
Non Currrent Assets Other	-0.28	0.06	-0.4	0.12	-0.16		-0.34	0.12	-0.32	-0.23	0.31	-0.34	-0.36	0.02	0.53	-0.13	-0.34	-0.13	0.08	-0.59	-0.25	0.07	-0.47	-0.46	-0.58	-0.45
Other Assets	0.74	0.19	0.81	-0.5	0.71	-0.34		-0.5	0.36	0.76	-0.09	0.79	0.61	0.6	0.05	0.43	0.84	0.69	0.49	0.69	0.76	0.34	0.41	0.74	0.55	0.76
Cash And Short Term Investments	-0.21	0.37	-0.46	1.0	-0.36	0.12	-0.5		-0.08	-0.41	-0.31	-0.35	0.21	-0.06	0.26	0.18	-0.55	-0.07	-0.67	-0.34	-0.4	-0.06	0.15	-0.25	-0.5	-0.24
Common Stock Shares Outstanding	0.3	0.1	0.27	-0.08	0.23	-0.32	0.36	-0.08		0.27	0.5	0.32	0.39	-0.02	0.03	0.34	0.37	0.54	-0.11	0.77	0.11	-0.07	0.86	0.41	0.12	0.37
Non Current Liabilities Total	0.95	0.36	0.97	-0.41	0.96	-0.23	0.76	-0.41	0.27		-0.05	0.99	0.74	0.84	0.07	0.53	0.95	0.77	0.75	0.62	0.84	0.5	0.33	0.91	0.71	0.93
Other Stockholder Equity	-0.19	-0.33	-0.13	-0.31	-0.09	0.31	-0.09	-0.31	0.5	-0.05		-0.12	-0.34	-0.23	0.12	-0.19	0.0	0.08	0.17	0.08	-0.2	-0.12	0.16	-0.19	-0.16	-0.22
Total Liab	0.97	0.37	0.99	-0.35	0.95	-0.34	0.79	-0.35	0.32	0.99	-0.12		0.81	0.84	0.04	0.62	0.95	0.79	0.66	0.68	0.83	0.48	0.42	0.95	0.74	0.96
Total Current Assets	0.86	0.6	0.74	0.21	0.72	-0.36	0.61	0.21	0.39	0.74	-0.34	0.81		0.76	0.21	0.76	0.65	0.8	0.15	0.61	0.64	0.42	0.67	0.85	0.41	0.87
Net Receivables	0.88	0.58	0.79	-0.06	0.87	0.02	0.6	-0.06	-0.02	0.84	-0.23	0.84	0.76		0.4	0.66	0.71	0.69	0.6	0.23	0.72	0.62	0.18	0.77	0.39	0.81
Other Current Liab	0.22	0.69	-0.02	0.26	0.24	0.53	0.05	0.26	0.03	0.07	0.12	0.04	0.21	0.4		0.31	-0.05	0.06	0.01	-0.22	0.05	0.42	0.08	0.1	-0.63	0.1
Total Current Liabilities	0.67	0.48	0.55	0.18	0.57	-0.13	0.43	0.18	0.34	0.53	-0.19	0.62	0.76	0.66	0.31		0.47	0.63	0.06	0.41	0.38	0.44	0.55	0.63	0.21	0.63
Other Liab	0.89	0.25	0.96	-0.55	0.91	-0.34	0.84	-0.55	0.37	0.95	0.0	0.95	0.65	0.71	-0.05	0.47		0.75	0.72	0.74	0.77	0.36	0.37	0.9	0.76	0.9
Accounts Payable	0.76	0.28	0.71	-0.07	0.69	-0.13	0.69	-0.07	0.54	0.77	0.08	0.79	0.8	0.69	0.06	0.63	0.75		0.33	0.62	0.61	0.22	0.63	0.73	0.48	0.75
Long Term Debt	0.59	0.05	0.69	-0.67	0.74	0.08	0.49	-0.67	-0.11	0.75	0.17	0.66	0.15	0.6	0.01	0.06	0.72	0.33		0.19	0.63	0.42	-0.28	0.51	0.59	0.52
Inventory	0.63	0.15	0.69	-0.34	0.56	-0.59	0.69	-0.34	0.77	0.62	0.08	0.68	0.61	0.23	-0.22	0.41	0.74	0.62	0.19		0.44	0.12	0.75	0.73	0.6	0.72
Other Current Assets	0.77	0.16	0.85	-0.4	0.75	-0.25	0.76	-0.4	0.11	0.84	-0.2	0.83	0.64	0.72	0.05	0.38	0.77	0.61	0.63	0.44		0.37	0.23	0.75	0.61	0.76
Intangible Assets	0.55	0.5	0.48	-0.06	0.58	0.07	0.34	-0.06	-0.07	0.5	-0.12	0.48	0.42	0.62	0.42	0.44	0.36	0.22	0.42	0.12	0.37		0.01	0.42	0.12	0.47
Common Stock	0.43	0.26	0.37	0.15	0.28	-0.47	0.41	0.15	0.86	0.33	0.16	0.42	0.67	0.18	0.08	0.55	0.37	0.63	-0.28	0.75	0.23	0.01		0.54	0.15	0.52
Property Plant Equipment	0.97	0.53	0.93	-0.25	0.92	-0.46	0.74	-0.25	0.41	0.91	-0.19	0.95	0.85	0.77	0.1	0.63	0.9	0.73	0.51	0.73	0.75	0.42	0.54		0.63	0.99
Short Long Term Debt Total	0.59	-0.2	0.78	-0.5	0.58	-0.58	0.55	-0.5	0.12	0.71	-0.16	0.74	0.41	0.39	-0.63	0.21	0.76	0.48	0.59	0.6	0.61	0.12	0.15	0.63		0.65
Property Plant And Equipment Net	0.98	0.53	0.95	-0.24	0.93	-0.45	0.76	-0.24	0.37	0.93	-0.22	0.96	0.87	0.81	0.1	0.63	0.9	0.75	0.52	0.72	0.76	0.47	0.52	0.99	0.65

Click cells to compare fundamentals

Compass Minerals Account Relationship Matchups

Compass Minerals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Non Currrent Assets Other	2.7M	156.5M	(991.5M)	(63.4M)	(58.5M)	(55.6M)
Other Assets	102.8M	175M	108M	43.7M	100.5M	56.5M
Other Current Liab	239.8M	243.8M	(899.5M)	(949.9M)	154M	161.7M
Other Liab	206.6M	241.4M	165.6M	159.9M	179M	107.5M
Long Term Debt	1.4B	1.3B	935.4M	947.6M	800.3M	882.4M
Intangible Assets	115.9M	627.4M	48.8M	45.4M	120M	194.3M
Property Plant Equipment	1.1B	964.9M	879.1M	776.6M	906.9M	717.8M
Short Long Term Debt Total	1.4B	1.4B	1.9B	2.0B	805.3M	917.5M
Property Plant And Equipment Gross	1.1B	1.0B	964.9M	1.8B	2.0B	1.0B
Net Tangible Assets	83.6M	20.7M	186.5M	154.6M	300.4M	230.2M
Retained Earnings Total Equity	672.5M	643.5M	607.4M	567.3M	652.4M	531.1M
Long Term Debt Total	1.4B	1.3B	939.7M	949.7M	1.1B	976.5M
Capital Surpluse	117.1M	127M	136.3M	152.1M	174.9M	101.7M
Deferred Long Term Liab	127M	100.8M	89.9M	87.5M	100.6M	91.2M

Pair Trading with Compass Minerals

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 Compass Minerals 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 Compass Minerals will appreciate offsetting losses from the drop in the long position's value.

Moving together with Compass Stock

0.89

MP Materials Corp

Pair Corr

Moving against Compass Stock

0.71	BYU	BAIYU Holdings	Pair Corr
0.44	ELBM	Electra Battery Materials	Pair Corr
0.37	NB	NioCorp Developments	Pair Corr

The ability to find closely correlated positions to Compass Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Compass Minerals 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 Compass Minerals - 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 Compass Minerals International to buy it.

The correlation of Compass Minerals 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 Compass Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Compass Minerals Int 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 Compass Minerals 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 Compass Stock Analysis

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

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