Cenovus Total Revenue vs Operating Income Analysis

CVE Stock

CAD 22.62 0.02 0.09%

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

To learn how to invest in Cenovus Stock, please use our How to Invest in Cenovus Energy guide.

Total Revenue vs Operating Income

Total Revenue vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cenovus Energy Total Revenue account and Operating Income. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Cenovus Energy's Total Revenue and Operating Income is 0.84. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Operating Income in the same time period over historical financial statements of Cenovus Energy, assuming nothing else is changed. The correlation between historical values of Cenovus Energy's Total Revenue and Operating 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 Total Revenue of Cenovus Energy are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Total Revenue i.e., Cenovus Energy's Total Revenue and Operating Income go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Total Revenue

Total revenue comprises all receipts Cenovus Energy generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Operating Income

Operating Income is the amount of profit realized from Cenovus Energy 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 Cenovus Energy 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.

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

To learn how to invest in Cenovus Stock, please use our How to Invest in Cenovus Energy guide.At this time, Cenovus Energy's Tax Provision is very stable compared to the past year. As of the 23rd of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.02, while Selling General Administrative is likely to drop about 443.6 M.

	2021	2022	2024 (projected)
Interest Expense	1.0B	812M	557.4M
Depreciation And Amortization	4.5B	4.5B	2.5B

Interest Expense Depreciation And Amortization

Cenovus Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Retained Earnings	Common Stock Total Equity
Total Assets		0.72	0.37	0.87	0.98	0.97	0.23	0.7	0.47	0.35	0.98	-0.26	0.35	0.85	0.9	0.98	0.97	0.82	0.34	-0.55	0.97	0.86	0.78	-0.17	0.58	0.85
Short Long Term Debt Total	0.72		0.24	0.57	0.68	0.68	0.37	0.63	0.28	0.41	0.68	-0.26	0.41	0.62	0.64	0.75	0.77	0.57	0.38	-0.31	0.73	0.58	0.65	0.02	0.18	0.67
Other Current Liab	0.37	0.24		0.31	0.4	0.35	-0.09	-0.01	-0.38	0.28	0.34	-0.13	0.28	0.29	0.19	0.25	0.28	0.52	0.14	-0.58	0.3	0.6	0.35	0.34	0.8	0.29
Total Current Liabilities	0.87	0.57	0.31		0.77	0.75	-0.06	0.46	0.71	0.47	0.78	-0.1	0.47	0.97	0.7	0.85	0.85	0.86	0.4	-0.42	0.93	0.76	0.89	-0.21	0.52	0.5
Total Stockholder Equity	0.98	0.68	0.4	0.77		0.98	0.29	0.67	0.33	0.3	0.98	-0.29	0.3	0.75	0.9	0.95	0.92	0.77	0.21	-0.58	0.9	0.85	0.69	-0.16	0.62	0.91
Property Plant And Equipment Net	0.97	0.68	0.35	0.75	0.98		0.3	0.74	0.35	0.21	0.99	-0.38	0.21	0.72	0.91	0.93	0.94	0.73	0.27	-0.6	0.91	0.82	0.63	-0.11	0.56	0.93
Current Deferred Revenue	0.23	0.37	-0.09	-0.06	0.29	0.3		0.52	-0.19	-0.19	0.31	-0.09	-0.19	-0.05	0.38	0.3	0.25	0.04	0.05	-0.05	0.15	0.18	-0.08	-0.12	-0.06	0.49
Net Debt	0.7	0.63	-0.01	0.46	0.67	0.74	0.52		0.34	-0.28	0.78	-0.01	-0.28	0.44	0.87	0.71	0.76	0.44	0.52	-0.07	0.68	0.55	0.24	-0.27	0.16	0.78
Accounts Payable	0.47	0.28	-0.38	0.71	0.33	0.35	-0.19	0.34		0.26	0.39	0.05	0.26	0.71	0.41	0.52	0.53	0.49	0.29	0.01	0.61	0.31	0.58	-0.47	-0.01	0.11
Cash	0.35	0.41	0.28	0.47	0.3	0.21	-0.19	-0.28	0.26		0.18	-0.34	1.0	0.51	-0.01	0.36	0.33	0.43	-0.01	-0.44	0.39	0.32	0.79	0.18	0.22	0.04
Non Current Assets Total	0.98	0.68	0.34	0.78	0.98	0.99	0.31	0.78	0.39	0.18		-0.25	0.18	0.74	0.95	0.95	0.95	0.75	0.32	-0.52	0.92	0.84	0.64	-0.19	0.57	0.92
Non Currrent Assets Other	-0.26	-0.26	-0.13	-0.1	-0.29	-0.38	-0.09	-0.01	0.05	-0.34	-0.25		-0.34	-0.12	-0.09	-0.22	-0.27	-0.11	0.24	0.7	-0.22	-0.18	-0.21	-0.34	-0.09	-0.4
Cash And Short Term Investments	0.35	0.41	0.28	0.47	0.3	0.21	-0.19	-0.28	0.26	1.0	0.18	-0.34		0.51	-0.01	0.36	0.33	0.43	-0.01	-0.44	0.39	0.32	0.79	0.18	0.22	0.04
Net Receivables	0.85	0.62	0.29	0.97	0.75	0.72	-0.05	0.44	0.71	0.51	0.74	-0.12	0.51		0.68	0.85	0.84	0.88	0.35	-0.45	0.91	0.76	0.92	-0.26	0.49	0.47
Good Will	0.9	0.64	0.19	0.7	0.9	0.91	0.38	0.87	0.41	-0.01	0.95	-0.09	-0.01	0.68		0.91	0.88	0.67	0.3	-0.33	0.85	0.75	0.5	-0.39	0.44	0.89
Common Stock Shares Outstanding	0.98	0.75	0.25	0.85	0.95	0.93	0.3	0.71	0.52	0.36	0.95	-0.22	0.36	0.85	0.91		0.96	0.83	0.27	-0.5	0.95	0.85	0.78	-0.32	0.51	0.82
Non Current Liabilities Total	0.97	0.77	0.28	0.85	0.92	0.94	0.25	0.76	0.53	0.33	0.95	-0.27	0.33	0.84	0.88	0.96		0.79	0.48	-0.5	0.98	0.82	0.77	-0.16	0.46	0.81
Inventory	0.82	0.57	0.52	0.86	0.77	0.73	0.04	0.44	0.49	0.43	0.75	-0.11	0.43	0.88	0.67	0.83	0.79		0.22	-0.61	0.84	0.96	0.81	-0.32	0.78	0.53
Other Current Assets	0.34	0.38	0.14	0.4	0.21	0.27	0.05	0.52	0.29	-0.01	0.32	0.24	-0.01	0.35	0.3	0.27	0.48	0.22		0.18	0.47	0.22	0.31	0.31	-0.04	0.14
Other Stockholder Equity	-0.55	-0.31	-0.58	-0.42	-0.58	-0.6	-0.05	-0.07	0.01	-0.44	-0.52	0.7	-0.44	-0.45	-0.33	-0.5	-0.5	-0.61	0.18		-0.49	-0.68	-0.49	-0.07	-0.68	-0.52
Total Liab	0.97	0.73	0.3	0.93	0.9	0.91	0.15	0.68	0.61	0.39	0.92	-0.22	0.39	0.91	0.85	0.95	0.98	0.84	0.47	-0.49		0.83	0.84	-0.18	0.49	0.73
Property Plant And Equipment Gross	0.86	0.58	0.6	0.76	0.85	0.82	0.18	0.55	0.31	0.32	0.84	-0.18	0.32	0.76	0.75	0.85	0.82	0.96	0.22	-0.68	0.83		0.69	-0.27	0.84	0.69
Total Current Assets	0.78	0.65	0.35	0.89	0.69	0.63	-0.08	0.24	0.58	0.79	0.64	-0.21	0.79	0.92	0.5	0.78	0.77	0.81	0.31	-0.49	0.84	0.69		-0.06	0.45	0.39
Short Term Debt	-0.17	0.02	0.34	-0.21	-0.16	-0.11	-0.12	-0.27	-0.47	0.18	-0.19	-0.34	0.18	-0.26	-0.39	-0.32	-0.16	-0.32	0.31	-0.07	-0.18	-0.27	-0.06		-0.12	-0.11
Retained Earnings	0.58	0.18	0.8	0.52	0.62	0.56	-0.06	0.16	-0.01	0.22	0.57	-0.09	0.22	0.49	0.44	0.51	0.46	0.78	-0.04	-0.68	0.49	0.84	0.45	-0.12		0.44
Common Stock Total Equity	0.85	0.67	0.29	0.5	0.91	0.93	0.49	0.78	0.11	0.04	0.92	-0.4	0.04	0.47	0.89	0.82	0.81	0.53	0.14	-0.52	0.73	0.69	0.39	-0.11	0.44

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Cenovus Energy Account Relationship Matchups

Cenovus Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	35.7B	32.8B	54.1B	55.9B	53.9B	35.9B
Short Long Term Debt Total	8.6B	9.3B	15.4B	11.6B	9.9B	9.1B
Other Current Liab	81M	36M	422M	1.5B	4.6B	4.8B
Total Current Liabilities	2.5B	2.4B	7.3B	8.0B	6.2B	4.0B
Total Stockholder Equity	19.2B	16.7B	23.6B	27.6B	28.7B	16.9B
Property Plant And Equipment Net	29.9B	27.2B	37.0B	39.0B	38.9B	26.7B
Current Deferred Revenue	34M	1.4B	179M	88M	101.2M	96.1M
Net Debt	8.4B	8.9B	12.5B	7.1B	7.7B	6.9B
Accounts Payable	2.2B	608M	6.4B	6.1B	1.1B	1.0B
Cash	186M	378M	2.9B	4.5B	2.2B	1.7B
Non Current Assets Total	32.4B	29.8B	42.1B	43.4B	44.2B	29.8B
Non Currrent Assets Other	211M	75M	475M	502M	900M	773.5M
Cash And Short Term Investments	186M	378M	2.9B	4.5B	2.2B	1.7B
Net Receivables	1.6B	1.4B	3.9B	3.6B	3.2B	2.1B
Common Stock Shares Outstanding	1.2B	1.2B	2.0B	2.0B	1.9B	1.2B
Liabilities And Stockholders Equity	35.7B	32.8B	54.1B	55.9B	53.9B	35.9B
Non Current Liabilities Total	14.0B	13.7B	23.2B	20.3B	19.0B	15.0B
Inventory	1.5B	1.1B	3.9B	4.3B	4.0B	4.2B
Other Current Assets	5M	121M	1.3B	402M	264M	427.0M
Other Stockholder Equity	4.4B	4.4B	4.5B	2.9B	2.0B	1.9B
Total Liab	16.5B	16.1B	30.5B	28.3B	25.2B	19.0B
Property Plant And Equipment Gross	29.9B	27.2B	54.3B	61.1B	65.9B	69.2B
Total Current Assets	3.3B	3.0B	12.0B	12.4B	9.7B	6.1B
Accumulated Other Comprehensive Income	827M	775M	684M	1.5B	1.2B	1.3B
Short Term Debt	196M	305M	351M	423M	478M	454.1M
Retained Earnings	3.0B	501M	878M	6.4B	8.9B	9.4B
Other Liab	5.6B	4.7B	8.1B	9.0B	10.4B	6.8B
Net Tangible Assets	16.8B	14.3B	19.5B	24.1B	27.7B	16.5B
Other Assets	58M	111M	1.2B	841M	967.2M	1.0B
Long Term Debt	6.7B	7.4B	12.4B	8.7B	7.1B	8.5B
Long Term Investments	52M	149M	441M	420M	558M	585.9M
Property Plant Equipment	29.9B	27.2B	37.0B	39.0B	44.9B	29.9B
Short Term Investments	78M	10M	507M	1.3B	1.2B	1.3B
Long Term Debt Total	8.4B	9.0B	15.1B	11.2B	12.9B	10.3B
Capital Surpluse	4.4B	4.4B	4.3B	2.7B	2.4B	3.3B

Pair Trading with Cenovus Energy

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 Cenovus Energy 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 Cenovus Energy will appreciate offsetting losses from the drop in the long position's value.

Moving against Cenovus Stock

0.53	FFH	Fairfax Financial	Pair Corr
0.5	ENS	E Split Corp	Pair Corr
0.45	ENB-PFV	Enbridge Pref 5	Pair Corr
0.43	FFH-PC	Fairfax Fin Hld	Pair Corr
0.4	ENS-PA	E Split Corp	Pair Corr

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

The correlation of Cenovus Energy 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 Cenovus Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cenovus Energy 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 Cenovus Energy 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

When determining whether Cenovus Energy is a strong investment it is important to analyze Cenovus Energy'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 Cenovus Energy's future performance. For an informed investment choice regarding Cenovus Stock, refer to the following important reports:

How To Invest In Cenovus

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Is Cenovus Stock a good investment?

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What is Cenovus Energy's Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cenovus Energy. 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.

To learn how to invest in Cenovus Stock, please use our How to Invest in Cenovus Energy guide.

You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.

Please note, there is a significant difference between Cenovus Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cenovus Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cenovus Energy'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.

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Cenovus Total Revenue vs Operating Income Analysis

Total Revenue vs Operating Income

Total Revenue vs Operating Income Correlation Analysis

Correlation Coefficient

Total Revenue

Operating Income

Cenovus Energy fundamental ratios Correlations

Cenovus Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cenovus Energy fundamental ratios Accounts

Pair Trading with Cenovus Energy

Moving against Cenovus Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Total Assets
Common Stock Shares Outstanding	+ 0.98	Total Assets
Property Plant And Equipment Net	+ 0.98	Total Stockholder Equity

Retained Earnings	- 0.68	Other Stockholder Equity
Property Plant And Equipment Gross	- 0.68	Other Stockholder Equity
Other Stockholder Equity	- 0.61	Inventory
Other Stockholder Equity	- 0.6	Property Plant And Equipment Net
Other Stockholder Equity	- 0.58	Total Stockholder Equity
Other Stockholder Equity	- 0.58	Other Current Liab