Elementis Net Income vs Operating Income Analysis

ELM Stock

152.00 1.00 0.65%

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

Net Income vs Operating Income

Net Income vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elementis PLC Net Income account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Elementis PLC's Net Income and Operating Income is 0.93. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Operating Income in the same time period over historical financial statements of Elementis PLC, assuming nothing else is changed. The correlation between historical values of Elementis PLC's Net Income 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 Net Income of Elementis PLC 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 Net Income i.e., Elementis PLC's Net Income and Operating Income go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Elementis PLC financial statement analysis. It represents the amount of money remaining after all of Elementis PLC operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Operating Income

Operating Income is the amount of profit realized from Elementis PLC 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 Elementis PLC 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 Elementis PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elementis PLC 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 Elementis PLC. 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, Elementis PLC's Tax Provision is projected to increase significantly based on the last few years of reporting.

	2022	2023	2024	2025 (projected)
Interest Expense	21.6M	20.2M	18.2M	16.6M
Depreciation And Amortization	56.9M	55.7M	50.1M	36.0M

Interest Expense Depreciation And Amortization

Elementis PLC 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	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.98	0.33	0.63	0.94	0.89	-0.64	0.97	0.63	-0.09	0.54	0.97	0.2	0.51	0.58	0.38	0.22	0.54	0.3	0.98	0.84	-0.21	0.73	0.98	0.67	0.68
Short Long Term Debt Total	0.98		0.46	0.67	0.88	0.89	-0.59	1.0	0.57	0.02	0.51	0.95	0.13	0.43	0.55	0.25	0.28	0.53	0.4	0.97	0.81	-0.08	0.76	0.98	0.65	0.72
Other Current Liab	0.33	0.46		0.43	0.28	0.42	0.0	0.49	0.18	0.58	-0.13	0.27	0.09	0.08	-0.14	-0.3	0.11	0.37	0.7	0.3	0.19	0.72	0.33	0.34	0.38	0.48
Total Current Liabilities	0.63	0.67	0.43		0.44	0.54	-0.56	0.66	0.28	-0.01	0.36	0.58	0.46	0.61	0.51	0.22	0.76	0.32	0.33	0.64	0.85	-0.17	0.52	0.69	0.72	0.94
Total Stockholder Equity	0.94	0.88	0.28	0.44		0.87	-0.58	0.87	0.79	-0.02	0.52	0.92	0.27	0.54	0.52	0.39	0.07	0.59	0.32	0.87	0.71	-0.22	0.61	0.86	0.63	0.52
Property Plant And Equipment Net	0.89	0.89	0.42	0.54	0.87		-0.69	0.88	0.54	0.28	0.61	0.91	0.32	0.5	0.59	0.1	0.28	0.7	0.64	0.88	0.68	0.01	0.78	0.86	0.75	0.55
Current Deferred Revenue	-0.64	-0.59	0.0	-0.56	-0.58	-0.69		-0.58	-0.25	0.0	-0.4	-0.67	-0.45	-0.64	-0.48	-0.05	-0.44	-0.54	-0.31	-0.65	-0.71	0.29	-0.66	-0.64	-0.72	-0.51
Net Debt	0.97	1.0	0.49	0.66	0.87	0.88	-0.58		0.56	0.01	0.45	0.94	0.13	0.42	0.49	0.24	0.25	0.55	0.41	0.97	0.8	-0.05	0.75	0.98	0.66	0.72
Retained Earnings	0.63	0.57	0.18	0.28	0.79	0.54	-0.25	0.56		-0.07	0.39	0.68	0.4	0.56	0.39	0.44	0.08	0.48	0.17	0.56	0.46	-0.32	0.31	0.52	0.44	0.36
Accounts Payable	-0.09	0.02	0.58	-0.01	-0.02	0.28	0.0	0.01	-0.07		0.12	-0.08	0.08	-0.11	-0.02	-0.53	0.05	0.23	0.8	-0.12	-0.28	0.72	0.13	-0.11	0.1	-0.01
Cash	0.54	0.51	-0.13	0.36	0.52	0.61	-0.4	0.45	0.39	0.12		0.53	0.08	0.28	0.97	0.26	0.43	0.09	0.17	0.52	0.44	-0.42	0.44	0.52	0.26	0.35
Non Current Assets Total	0.97	0.95	0.27	0.58	0.92	0.91	-0.67	0.94	0.68	-0.08	0.53		0.3	0.56	0.56	0.35	0.25	0.67	0.35	0.98	0.81	-0.25	0.75	0.95	0.72	0.6
Non Currrent Assets Other	0.2	0.13	0.09	0.46	0.27	0.32	-0.45	0.13	0.4	0.08	0.08	0.3		0.86	0.17	0.18	0.56	0.55	0.36	0.18	0.43	-0.21	0.28	0.15	0.77	0.38
Other Assets	0.51	0.43	0.08	0.61	0.54	0.5	-0.64	0.42	0.56	-0.11	0.28	0.56	0.86		0.39	0.29	0.56	0.5	0.22	0.48	0.72	-0.38	0.49	0.46	0.85	0.58
Cash And Short Term Investments	0.58	0.55	-0.14	0.51	0.52	0.59	-0.48	0.49	0.39	-0.02	0.97	0.56	0.17	0.39		0.33	0.54	0.08	0.1	0.57	0.58	-0.5	0.47	0.58	0.34	0.51
Net Receivables	0.38	0.25	-0.3	0.22	0.39	0.1	-0.05	0.24	0.44	-0.53	0.26	0.35	0.18	0.29	0.33		-0.03	-0.04	-0.47	0.35	0.45	-0.62	0.03	0.36	0.09	0.28
Common Stock Total Equity	0.22	0.28	0.11	0.76	0.07	0.28	-0.44	0.25	0.08	0.05	0.43	0.25	0.56	0.56	0.54	-0.03		0.09	0.25	0.28	0.57	-0.28	0.44	0.29	0.56	0.65
Common Stock Shares Outstanding	0.54	0.53	0.37	0.32	0.59	0.7	-0.54	0.55	0.48	0.23	0.09	0.67	0.55	0.5	0.08	-0.04	0.09		0.68	0.56	0.34	0.14	0.43	0.49	0.73	0.23
Short Term Investments	0.3	0.4	0.7	0.33	0.32	0.64	-0.31	0.41	0.17	0.8	0.17	0.35	0.36	0.22	0.1	-0.47	0.25	0.68		0.3	0.1	0.59	0.38	0.28	0.57	0.26
Non Current Liabilities Total	0.98	0.97	0.3	0.64	0.87	0.88	-0.65	0.97	0.56	-0.12	0.52	0.98	0.18	0.48	0.57	0.35	0.28	0.56	0.3		0.85	-0.22	0.78	0.99	0.67	0.67
Inventory	0.84	0.81	0.19	0.85	0.71	0.68	-0.71	0.8	0.46	-0.28	0.44	0.81	0.43	0.72	0.58	0.45	0.57	0.34	0.1	0.85		-0.41	0.72	0.87	0.76	0.87
Other Current Assets	-0.21	-0.08	0.72	-0.17	-0.22	0.01	0.29	-0.05	-0.32	0.72	-0.42	-0.25	-0.21	-0.38	-0.5	-0.62	-0.28	0.14	0.59	-0.22	-0.41		0.0	-0.2	-0.09	-0.1
Other Stockholder Equity	0.73	0.76	0.33	0.52	0.61	0.78	-0.66	0.75	0.31	0.13	0.44	0.75	0.28	0.49	0.47	0.03	0.44	0.43	0.38	0.78	0.72	0.0		0.75	0.65	0.59
Total Liab	0.98	0.98	0.34	0.69	0.86	0.86	-0.64	0.98	0.52	-0.11	0.52	0.95	0.15	0.46	0.58	0.36	0.29	0.49	0.28	0.99	0.87	-0.2	0.75		0.66	0.73
Property Plant And Equipment Gross	0.67	0.65	0.38	0.72	0.63	0.75	-0.72	0.66	0.44	0.1	0.26	0.72	0.77	0.85	0.34	0.09	0.56	0.73	0.57	0.67	0.76	-0.09	0.65	0.66		0.65
Total Current Assets	0.68	0.72	0.48	0.94	0.52	0.55	-0.51	0.72	0.36	-0.01	0.35	0.6	0.38	0.58	0.51	0.28	0.65	0.23	0.26	0.67	0.87	-0.1	0.59	0.73	0.65

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Elementis PLC Account Relationship Matchups

Elementis PLC fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.8B	1.8B	1.6B	1.5B	1.4B	1.1B
Short Long Term Debt Total	558.7M	522.7M	453.7M	300.9M	270.8M	220.4M
Other Current Liab	85.5M	92.4M	128.3M	78.9M	71.0M	89.9M
Total Current Liabilities	193.6M	194.9M	231.3M	158.9M	143.0M	244.7M
Total Stockholder Equity	860.4M	901M	783.9M	847.3M	762.6M	547.5M
Property Plant And Equipment Net	516M	499.7M	386.4M	423.6M	381.2M	331.4M
Net Debt	447.7M	438.1M	398.8M	235.1M	211.6M	127.4M
Retained Earnings	462M	517.3M	450.8M	485.5M	558.3M	415.6M
Accounts Payable	71.4M	77.8M	74M	60.5M	54.5M	103.0M
Cash	111M	84.6M	54.9M	65.8M	59.2M	93.0M
Non Current Assets Total	1.4B	1.4B	1.1B	1.2B	1.3B	841.0M
Non Currrent Assets Other	(100K)	76.3M	54.6M	87.7M	100.9M	105.9M
Other Assets	40.4M	34.8M	104.3M	70M	80.5M	84.5M
Cash And Short Term Investments	111M	84.6M	65.6M	65.8M	59.2M	99.3M
Net Receivables	86.4M	110.6M	77.5M	80.1M	92.1M	52.4M
Common Stock Shares Outstanding	593.7M	588.8M	592.3M	596.9M	686.4M	538.3M
Liabilities And Stockholders Equity	1.8B	1.8B	1.6B	1.5B	1.4B	1.1B
Non Current Liabilities Total	781.6M	740.7M	611.8M	505.2M	581.0M	385.6M
Inventory	164.3M	186.1M	182M	163.3M	147.0M	171.9M
Other Current Assets	30.5M	35.6M	196M	40.3M	36.3M	34.5M
Other Stockholder Equity	237.7M	331.5M	280.8M	239.2M	275.1M	327.2M
Total Liab	975.2M	935.6M	843.1M	664.1M	597.7M	525.2M
Property Plant And Equipment Gross	516M	959.2M	727.6M	798.3M	718.5M	754.4M
Total Current Assets	392.2M	416.9M	510.4M	349.5M	314.6M	468.5M
Short Term Debt	13.5M	7.3M	8.8M	5.9M	5.3M	5.0M
Accumulated Other Comprehensive Income	108.6M	90.7M	42.1M	70.1M	80.6M	84.6M
Intangible Assets	224.7M	202.7M	179.3M	168.3M	151.5M	167.5M
Other Liab	232.9M	233.8M	224.4M	166.9M	191.9M	140.0M
Long Term Debt	510.6M	482.5M	414.7M	264.7M	304.4M	196.3M
Good Will	668M	613M	480.9M	482.3M	554.6M	397.6M
Property Plant Equipment	513.6M	516M	499.7M	386.4M	444.4M	260.5M
Net Tangible Assets	(51.9M)	(32.2M)	85.3M	123.7M	111.3M	83.2M
Non Current Liabilities Other	40.2M	13M	13.4M	1.9B	2.2B	2.3B
Net Invested Capital	1.4B	1.4B	1.2B	1.1B	1.0B	1.0B

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Balance Sheet is a snapshot of the financial position of Elementis PLC at a specified time, usually calculated after every quarter, six months, or one year. Elementis PLC Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Elementis PLC 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 Elementis currently owns. An asset can also be divided into two categories, current and non-current.

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Elementis Net Income vs Operating Income Analysis

Net Income vs Operating Income

Net Income vs Operating Income Correlation Analysis

Correlation Coefficient

Net Income

Operating Income

Elementis PLC fundamental ratios Correlations

Elementis PLC Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Elementis PLC fundamental ratios Accounts

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Other Information on Investing in Elementis Stock

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Net Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 0.99	Non Current Liabilities Total
Short Long Term Debt Total	+ 0.98	Total Assets
Non Current Liabilities Total	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Assets
Total Liab	+ 0.98	Short Long Term Debt Total

Property Plant And Equipment Gross	- 0.72	Current Deferred Revenue
Inventory	- 0.71	Current Deferred Revenue
Current Deferred Revenue	- 0.69	Property Plant And Equipment Net
Non Current Assets Total	- 0.67	Current Deferred Revenue
Other Stockholder Equity	- 0.66	Current Deferred Revenue
Non Current Liabilities Total	- 0.65	Current Deferred Revenue