Eco Operating Income vs Net Income Analysis

EAH Stock

72.00 0.50 0.70%

Eco Animal financial indicator trend analysis is much more than just examining Eco Animal Health latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eco Animal Health is a good investment. Please check the relationship between Eco Animal Operating Income and its Net Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eco Animal Health. 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 economic analysis.

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 Eco Animal Health Operating Income account and Net Income. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Eco Animal's Operating Income and Net Income is 0.87. 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 Eco Animal Health, assuming nothing else is changed. The correlation between historical values of Eco Animal's 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 Eco Animal Health 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., Eco Animal's Operating Income and Net Income go up and down completely randomly.

Correlation Coefficient

0.87

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Eco Animal Health 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 Eco Animal Health 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 Eco Animal Health financial statement analysis. It represents the amount of money remaining after all of Eco Animal Health operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Eco Animal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eco Animal Health 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eco Animal Health. 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 economic analysis.

At present, Eco Animal's Tax Provision is projected to increase significantly based on the last few years of reporting.

	2021	2022	2023	2024 (projected)
Gross Profit	33.7M	36.8M	37.7M	39.6M
Total Revenue	82.2M	85.3M	89.4M	93.9M

Gross Profit Total Revenue

Eco Animal fundamental ratios Correlations

	Total Assets	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	Common Stock Total Equity	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	Common Stock	Short Long Term Debt Total	Current Deferred Revenue	Short Term Debt	Short Term Investments
Total Assets		0.66	0.84	0.79	0.65	-0.75	0.43	0.89	0.85	0.69	-0.06	0.85	0.73	0.78	0.67	0.74	0.2	0.8	0.82	0.61	0.94	0.75	0.42	0.32	-0.33	-0.79
Other Current Liab	0.66		0.92	0.18	0.96	-0.34	-0.24	0.47	0.6	0.05	0.55	0.6	0.26	0.3	0.94	0.41	0.29	0.33	0.94	0.95	0.8	0.22	0.56	0.13	-0.31	-0.28
Total Current Liabilities	0.84	0.92		0.41	0.88	-0.43	-0.05	0.7	0.68	0.28	0.44	0.68	0.47	0.52	0.89	0.56	0.35	0.54	1.0	0.85	0.92	0.45	0.59	0.33	-0.3	-0.53
Total Stockholder Equity	0.79	0.18	0.41		0.2	-0.73	0.7	0.72	0.66	0.94	-0.53	0.66	0.93	0.95	0.17	0.76	0.02	0.94	0.37	0.14	0.63	0.94	0.24	0.25	-0.2	-0.81
Property Plant And Equipment Net	0.65	0.96	0.88	0.2		-0.29	-0.22	0.43	0.55	0.07	0.53	0.55	0.26	0.31	0.94	0.47	0.34	0.35	0.91	0.99	0.78	0.23	0.58	0.25	-0.34	-0.27
Net Debt	-0.75	-0.34	-0.43	-0.73	-0.29		-0.7	-0.65	-0.93	-0.7	0.4	-0.93	-0.57	-0.55	-0.37	-0.44	0.18	-0.58	-0.43	-0.27	-0.61	-0.58	-0.11	0.01	0.34	0.59
Retained Earnings	0.43	-0.24	-0.05	0.7	-0.22	-0.7		0.51	0.53	0.81	-0.66	0.53	0.48	0.45	-0.1	0.24	-0.2	0.43	-0.06	-0.23	0.15	0.5	-0.07	0.07	-0.03	-0.52
Accounts Payable	0.89	0.47	0.7	0.72	0.43	-0.65	0.51		0.7	0.65	-0.09	0.7	0.63	0.67	0.54	0.65	0.12	0.68	0.68	0.41	0.79	0.64	0.22	0.3	-0.25	-0.72
Cash	0.85	0.6	0.68	0.66	0.55	-0.93	0.53	0.7		0.64	-0.13	1.0	0.57	0.56	0.61	0.42	-0.07	0.58	0.68	0.52	0.74	0.58	0.4	0.0	-0.23	-0.66
Non Current Assets Total	0.69	0.05	0.28	0.94	0.07	-0.7	0.81	0.65	0.64		-0.54	0.64	0.88	0.86	0.08	0.52	0.0	0.82	0.25	0.02	0.44	0.9	0.32	0.1	0.06	-0.86
Non Currrent Assets Other	-0.06	0.55	0.44	-0.53	0.53	0.4	-0.66	-0.09	-0.13	-0.54		-0.13	-0.32	-0.35	0.57	-0.23	0.54	-0.34	0.47	0.58	0.14	-0.4	0.35	0.08	0.01	0.24
Cash And Short Term Investments	0.85	0.6	0.68	0.66	0.55	-0.93	0.53	0.7	1.0	0.64	-0.13		0.57	0.56	0.61	0.42	-0.07	0.58	0.68	0.52	0.74	0.58	0.4	0.0	-0.23	-0.66
Common Stock Total Equity	0.73	0.26	0.47	0.93	0.26	-0.57	0.48	0.63	0.57	0.88	-0.32	0.57		0.98	0.21	0.69	0.13	0.96	0.43	0.2	0.6	0.98	0.43	0.14	-0.03	-0.84
Common Stock Shares Outstanding	0.78	0.3	0.52	0.95	0.31	-0.55	0.45	0.67	0.56	0.86	-0.35	0.56	0.98		0.24	0.79	0.14	0.99	0.48	0.24	0.68	0.98	0.39	0.27	-0.13	-0.83
Non Current Liabilities Total	0.67	0.94	0.89	0.17	0.94	-0.37	-0.1	0.54	0.61	0.08	0.57	0.61	0.21	0.24		0.34	0.28	0.27	0.92	0.94	0.77	0.15	0.53	0.23	-0.32	-0.25
Inventory	0.74	0.41	0.56	0.76	0.47	-0.44	0.24	0.65	0.42	0.52	-0.23	0.42	0.69	0.79	0.34		0.19	0.83	0.53	0.42	0.79	0.71	0.09	0.48	-0.54	-0.48
Other Current Assets	0.2	0.29	0.35	0.02	0.34	0.18	-0.2	0.12	-0.07	0.0	0.54	-0.07	0.13	0.14	0.28	0.19		0.14	0.34	0.33	0.26	0.12	0.09	0.36	-0.25	-0.18
Other Stockholder Equity	0.8	0.33	0.54	0.94	0.35	-0.58	0.43	0.68	0.58	0.82	-0.34	0.58	0.96	0.99	0.27	0.83	0.14		0.5	0.28	0.73	0.97	0.35	0.3	-0.21	-0.8
Total Liab	0.82	0.94	1.0	0.37	0.91	-0.43	-0.06	0.68	0.68	0.25	0.47	0.68	0.43	0.48	0.92	0.53	0.34	0.5		0.89	0.9	0.4	0.59	0.32	-0.31	-0.49
Property Plant And Equipment Gross	0.61	0.95	0.85	0.14	0.99	-0.27	-0.23	0.41	0.52	0.02	0.58	0.52	0.2	0.24	0.94	0.42	0.33	0.28	0.89		0.74	0.16	0.56	0.18	-0.31	-0.22
Total Current Assets	0.94	0.8	0.92	0.63	0.78	-0.61	0.15	0.79	0.74	0.44	0.14	0.74	0.6	0.68	0.77	0.79	0.26	0.73	0.9	0.74		0.61	0.37	0.41	-0.5	-0.59
Common Stock	0.75	0.22	0.45	0.94	0.23	-0.58	0.5	0.64	0.58	0.9	-0.4	0.58	0.98	0.98	0.15	0.71	0.12	0.97	0.4	0.16	0.61		0.4	0.16	-0.03	-0.89
Short Long Term Debt Total	0.42	0.56	0.59	0.24	0.58	-0.11	-0.07	0.22	0.4	0.32	0.35	0.4	0.43	0.39	0.53	0.09	0.09	0.35	0.59	0.56	0.37	0.4		-0.05	0.46	-0.51
Current Deferred Revenue	0.32	0.13	0.33	0.25	0.25	0.01	0.07	0.3	0.0	0.1	0.08	0.0	0.14	0.27	0.23	0.48	0.36	0.3	0.32	0.18	0.41	0.16	-0.05		-0.58	-0.06
Short Term Debt	-0.33	-0.31	-0.3	-0.2	-0.34	0.34	-0.03	-0.25	-0.23	0.06	0.01	-0.23	-0.03	-0.13	-0.32	-0.54	-0.25	-0.21	-0.31	-0.31	-0.5	-0.03	0.46	-0.58		-0.15
Short Term Investments	-0.79	-0.28	-0.53	-0.81	-0.27	0.59	-0.52	-0.72	-0.66	-0.86	0.24	-0.66	-0.84	-0.83	-0.25	-0.48	-0.18	-0.8	-0.49	-0.22	-0.59	-0.89	-0.51	-0.06	-0.15

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Eco Animal Account Relationship Matchups

Eco Animal fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	100.0M	116.9M	113.6M	121.3M	123.3M	129.4M
Other Current Liab	7.3M	6.8M	7.5M	13.1M	13.8M	14.5M
Total Current Liabilities	17.9M	20.2M	17.7M	22.2M	25.2M	26.5M
Total Stockholder Equity	74.7M	81.9M	82.1M	83.3M	83.7M	47.0M
Property Plant And Equipment Net	4.1M	3.6M	5.2M	10.4M	8.5M	8.9M
Net Debt	(8.1M)	(18.0M)	(12.4M)	(17.2M)	(18.3M)	(17.4M)
Retained Earnings	7.2M	13.4M	12.4M	13.9M	15.8M	12.3M
Accounts Payable	7.6M	7.9M	9.4M	6.1M	10.1M	10.6M
Cash	11.9M	19.5M	14.3M	21.7M	22.4M	23.5M
Non Current Assets Total	40.6M	40.4M	40.5M	46.8M	48.5M	28.9M
Non Currrent Assets Other	(59.6M)	(44.9M)	(18.1M)	(17.9M)	20.4M	21.4M
Cash And Short Term Investments	11.9M	19.5M	14.3M	21.7M	22.4M	23.5M
Common Stock Total Equity	3.3M	3.4M	3.4M	3.4M	3.9M	2.0M
Common Stock Shares Outstanding	70.3M	67.6M	67.7M	68.6M	69.1M	44.3M
Liabilities And Stockholders Equity	100.0M	116.9M	113.6M	121.3M	123.3M	129.4M
Non Current Liabilities Total	1.7M	1.4M	1.5M	3.6M	4.7M	4.9M
Inventory	17.3M	20.5M	30.1M	22.4M	17.0M	9.1M
Other Current Assets	4.3M	6.6M	5.3M	5.6M	5.6M	4.6M
Other Stockholder Equity	62.7M	62.9M	63.3M	63.3M	63.3M	32.3M
Total Liab	19.5M	21.6M	19.3M	25.8M	29.9M	31.4M
Property Plant And Equipment Gross	4.1M	3.6M	8.6M	14.5M	13.2M	13.8M
Total Current Assets	59.4M	76.5M	73.1M	74.5M	74.7M	78.5M
Accumulated Other Comprehensive Income	1.2M	1.9M	3.0M	2.6M	1.2M	1.2M
Common Stock	3.4M	3.4M	3.4M	3.4M	3.4M	2.1M
Short Long Term Debt Total	3.8M	1.5M	1.9M	4.5M	4.0M	3.2M
Current Deferred Revenue	594K	2.2M	203K	1.1M	3K	3.2K
Short Term Debt	2.4M	(1.8M)	194K	(195K)	646K	613.7K
Intangible Assets	36.0M	36.1M	34.3M	35.6M	20.4M	21.7M
Net Receivables	30.3M	29.8M	23.4M	24.8M	29.8M	15.8M
Property Plant Equipment	3.8M	4.1M	3.6M	5.2M	6.0M	6.3M
Other Liab	1.3M	1.6M	636K	183K	210.5K	199.9K
Net Tangible Assets	43.5M	38.3M	47.3M	47.8M	54.9M	42.4M
Capital Surpluse	58.8M	62.7M	62.9M	63.3M	72.7M	67.3M
Net Invested Capital	81.8M	83.4M	82.1M	83.3M	83.7M	71.0M

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Other Information on Investing in Eco Stock

Balance Sheet is a snapshot of the financial position of Eco Animal Health at a specified time, usually calculated after every quarter, six months, or one year. Eco Animal Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Eco Animal and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Eco currently owns. An asset can also be divided into two categories, current and non-current.

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Eco Operating Income vs Net Income Analysis

Operating Income vs Net Income

Operating Income vs Net Income Correlation Analysis

Correlation Coefficient

Operating Income

Net Income

Eco Animal fundamental ratios Correlations

Eco Animal Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Eco Animal fundamental ratios Accounts

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Other Information on Investing in Eco Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Gross	+ 0.99	Property Plant And Equipment Net
Other Stockholder Equity	+ 0.99	Common Stock Shares Outstanding
Common Stock Shares Outstanding	+ 0.98	Common Stock Total Equity
Common Stock	+ 0.98	Common Stock Total Equity

Cash And Short Term Investments	- 0.93	Net Debt
Cash	- 0.93	Net Debt
Short Term Investments	- 0.89	Common Stock
Short Term Investments	- 0.86	Non Current Assets Total
Short Term Investments	- 0.84	Common Stock Total Equity
Short Term Investments	- 0.83	Common Stock Shares Outstanding