Eco Other Operating Expenses vs Total Revenue Analysis

EAH Stock   65.50  1.50  2.34%   
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 Other Operating Expenses and its Total Revenue 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.

Other Operating Expenses vs Total Revenue

Other Operating Expenses vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eco Animal Health Other Operating Expenses account and Total Revenue. At this time, the significance of the direction appears to have totally related.
The correlation between Eco Animal's Other Operating Expenses and Total Revenue is 0.99. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Total Revenue 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 Other Operating Expenses and Total 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 Other Operating Expenses of Eco Animal Health are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Other Operating Expenses i.e., Eco Animal's Other Operating Expenses and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Eco Animal Health. It is also known as Eco Animal overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Total Revenue

Total revenue comprises all receipts Eco Animal Health 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.
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 Profit33.7M36.8M37.7M39.6M
Total Revenue82.2M85.3M89.4M93.9M

Eco Animal fundamental ratios Correlations

0.660.840.790.65-0.750.430.890.850.69-0.060.850.730.780.670.740.20.80.820.610.940.750.420.32-0.33-0.79
0.660.920.180.96-0.34-0.240.470.60.050.550.60.260.30.940.410.290.330.940.950.80.220.560.13-0.31-0.28
0.840.920.410.88-0.43-0.050.70.680.280.440.680.470.520.890.560.350.541.00.850.920.450.590.33-0.3-0.53
0.790.180.410.2-0.730.70.720.660.94-0.530.660.930.950.170.760.020.940.370.140.630.940.240.25-0.2-0.81
0.650.960.880.2-0.29-0.220.430.550.070.530.550.260.310.940.470.340.350.910.990.780.230.580.25-0.34-0.27
-0.75-0.34-0.43-0.73-0.29-0.7-0.65-0.93-0.70.4-0.93-0.57-0.55-0.37-0.440.18-0.58-0.43-0.27-0.61-0.58-0.110.010.340.59
0.43-0.24-0.050.7-0.22-0.70.510.530.81-0.660.530.480.45-0.10.24-0.20.43-0.06-0.230.150.5-0.070.07-0.03-0.52
0.890.470.70.720.43-0.650.510.70.65-0.090.70.630.670.540.650.120.680.680.410.790.640.220.3-0.25-0.72
0.850.60.680.660.55-0.930.530.70.64-0.131.00.570.560.610.42-0.070.580.680.520.740.580.40.0-0.23-0.66
0.690.050.280.940.07-0.70.810.650.64-0.540.640.880.860.080.520.00.820.250.020.440.90.320.10.06-0.86
-0.060.550.44-0.530.530.4-0.66-0.09-0.13-0.54-0.13-0.32-0.350.57-0.230.54-0.340.470.580.14-0.40.350.080.010.24
0.850.60.680.660.55-0.930.530.71.00.64-0.130.570.560.610.42-0.070.580.680.520.740.580.40.0-0.23-0.66
0.730.260.470.930.26-0.570.480.630.570.88-0.320.570.980.210.690.130.960.430.20.60.980.430.14-0.03-0.84
0.780.30.520.950.31-0.550.450.670.560.86-0.350.560.980.240.790.140.990.480.240.680.980.390.27-0.13-0.83
0.670.940.890.170.94-0.37-0.10.540.610.080.570.610.210.240.340.280.270.920.940.770.150.530.23-0.32-0.25
0.740.410.560.760.47-0.440.240.650.420.52-0.230.420.690.790.340.190.830.530.420.790.710.090.48-0.54-0.48
0.20.290.350.020.340.18-0.20.12-0.070.00.54-0.070.130.140.280.190.140.340.330.260.120.090.36-0.25-0.18
0.80.330.540.940.35-0.580.430.680.580.82-0.340.580.960.990.270.830.140.50.280.730.970.350.3-0.21-0.8
0.820.941.00.370.91-0.43-0.060.680.680.250.470.680.430.480.920.530.340.50.890.90.40.590.32-0.31-0.49
0.610.950.850.140.99-0.27-0.230.410.520.020.580.520.20.240.940.420.330.280.890.740.160.560.18-0.31-0.22
0.940.80.920.630.78-0.610.150.790.740.440.140.740.60.680.770.790.260.730.90.740.610.370.41-0.5-0.59
0.750.220.450.940.23-0.580.50.640.580.9-0.40.580.980.980.150.710.120.970.40.160.610.40.16-0.03-0.89
0.420.560.590.240.58-0.11-0.070.220.40.320.350.40.430.390.530.090.090.350.590.560.370.4-0.050.46-0.51
0.320.130.330.250.250.010.070.30.00.10.080.00.140.270.230.480.360.30.320.180.410.16-0.05-0.58-0.06
-0.33-0.31-0.3-0.2-0.340.34-0.03-0.25-0.230.060.01-0.23-0.03-0.13-0.32-0.54-0.25-0.21-0.31-0.31-0.5-0.030.46-0.58-0.15
-0.79-0.28-0.53-0.81-0.270.59-0.52-0.72-0.66-0.860.24-0.66-0.84-0.83-0.25-0.48-0.18-0.8-0.49-0.22-0.59-0.89-0.51-0.06-0.15
Click cells to compare fundamentals

Eco Animal Account Relationship Matchups

Eco Animal fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets100.0M116.9M113.6M121.3M123.3M129.4M
Other Current Liab7.3M6.8M7.5M13.1M13.8M14.5M
Total Current Liabilities17.9M20.2M17.7M22.2M25.2M26.5M
Total Stockholder Equity74.7M81.9M82.1M83.3M83.7M47.0M
Property Plant And Equipment Net4.1M3.6M5.2M10.4M8.5M8.9M
Net Debt(8.1M)(18.0M)(12.4M)(17.2M)(18.3M)(17.4M)
Retained Earnings7.2M13.4M12.4M13.9M15.8M12.3M
Accounts Payable7.6M7.9M9.4M6.1M10.1M10.6M
Cash11.9M19.5M14.3M21.7M22.4M23.5M
Non Current Assets Total40.6M40.4M40.5M46.8M48.5M28.9M
Non Currrent Assets Other(59.6M)(44.9M)(18.1M)(17.9M)20.4M21.4M
Cash And Short Term Investments11.9M19.5M14.3M21.7M22.4M23.5M
Common Stock Total Equity3.3M3.4M3.4M3.4M3.9M2.0M
Common Stock Shares Outstanding70.3M67.6M67.7M68.6M69.1M44.3M
Liabilities And Stockholders Equity100.0M116.9M113.6M121.3M123.3M129.4M
Non Current Liabilities Total1.7M1.4M1.5M3.6M4.7M4.9M
Inventory17.3M20.5M30.1M22.4M17.0M9.1M
Other Current Assets4.3M6.6M5.3M5.6M5.6M4.6M
Other Stockholder Equity62.7M62.9M63.3M63.3M63.3M32.3M
Total Liab19.5M21.6M19.3M25.8M29.9M31.4M
Property Plant And Equipment Gross4.1M3.6M8.6M14.5M13.2M13.8M
Total Current Assets59.4M76.5M73.1M74.5M74.7M78.5M
Accumulated Other Comprehensive Income1.2M1.9M3.0M2.6M1.2M1.2M
Common Stock3.4M3.4M3.4M3.4M3.4M2.1M
Short Long Term Debt Total3.8M1.5M1.9M4.5M4.0M3.2M
Current Deferred Revenue594K2.2M203K1.1M3K3.2K
Short Term Debt2.4M(1.8M)194K(195K)646K613.7K
Intangible Assets36.0M36.1M34.3M35.6M20.4M21.7M
Net Receivables30.3M29.8M23.4M24.8M29.8M15.8M
Property Plant Equipment3.8M4.1M3.6M5.2M6.0M6.3M
Other Liab1.3M1.6M636K183K210.5K199.9K
Net Tangible Assets43.5M38.3M47.3M47.8M54.9M42.4M
Capital Surpluse58.8M62.7M62.9M63.3M72.7M67.3M
Net Invested Capital81.8M83.4M82.1M83.3M83.7M71.0M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

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.