Erie Operating Income vs Total Assets Analysis

ERIE Stock  USD 386.13  2.82  0.73%   
Erie Indemnity financial indicator trend analysis is much more than just examining Erie Indemnity latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Erie Indemnity is a good investment. Please check the relationship between Erie Indemnity Operating Income and its Total Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erie Indemnity. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.

Operating Income vs Total Assets

JavaScript chart by amCharts 3.21.1520162018202020222024-250M-200M-150M-100M-50M050M100M150M200M250M300M350M400M450M500M550M600M 1B2B3B4B5B6B7B8B9B10B11B12B13B14B15B16B17B18B
JavaScript chart by amCharts 3.21.15Operating Incometotal: 3.1BTotal Assetstotal: 42.7B

Operating Income vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Erie Indemnity Operating Income account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.
Operating IncomeTotal AssetsDiversified AwayOperating IncomeTotal AssetsDiversified Away100%
The correlation between Erie Indemnity's Operating Income and Total Assets is 0.51. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Assets in the same time period over historical financial statements of Erie Indemnity, assuming nothing else is changed. The correlation between historical values of Erie Indemnity's Operating Income and Total Assets 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 Erie Indemnity are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Operating Income i.e., Erie Indemnity's Operating Income and Total Assets go up and down completely randomly.

Correlation Coefficient

0.51
Relationship DirectionPositive 
Relationship StrengthWeak

Operating Income

Operating Income is the amount of profit realized from Erie Indemnity 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 Erie Indemnity 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.

Total Assets

Total assets refers to the total amount of Erie Indemnity assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Erie Indemnity books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Erie Indemnity's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Erie Indemnity 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 Erie Indemnity. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.At present, Erie Indemnity's Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 24.31, whereas Tax Provision is forecasted to decline to about 72.7 M.
 2022 2023 2024 2025 (projected)
Gross Profit376.8M520.3M598.3M568.4M
Total Revenue2.8B3.3B3.8B2.2B

Erie Indemnity fundamental ratios Correlations

0.52-0.35-0.38-0.84-0.15-0.67-0.990.990.94-0.150.990.070.99-0.460.790.77-0.710.760.99-0.490.99-0.810.84-0.43-0.49
0.52-0.29-0.51-0.590.09-0.43-0.510.540.52-0.420.54-0.030.55-0.120.420.42-0.040.520.53-0.080.53-0.270.32-0.54-0.08
-0.35-0.290.840.320.90.810.4-0.44-0.08-0.6-0.4-0.28-0.370.67-0.34-0.320.34-0.21-0.420.03-0.430.43-0.340.840.03
-0.38-0.510.840.440.580.90.48-0.5-0.1-0.38-0.47-0.14-0.450.56-0.37-0.370.15-0.35-0.49-0.31-0.490.43-0.320.96-0.31
-0.84-0.590.320.440.020.580.84-0.84-0.820.29-0.840.22-0.850.14-0.53-0.520.33-0.96-0.850.32-0.840.85-0.840.450.32
-0.150.090.90.580.020.620.18-0.220.12-0.85-0.18-0.43-0.140.72-0.21-0.180.420.1-0.20.08-0.210.29-0.210.640.08
-0.67-0.430.810.90.580.620.75-0.77-0.38-0.43-0.74-0.22-0.720.75-0.63-0.610.52-0.46-0.76-0.06-0.760.67-0.60.91-0.06
-0.99-0.510.40.480.840.180.75-0.99-0.880.1-0.99-0.06-1.00.5-0.79-0.780.68-0.76-1.00.36-0.990.81-0.830.50.36
0.990.54-0.44-0.5-0.84-0.22-0.77-0.990.88-0.061.00.110.99-0.540.80.78-0.710.741.0-0.381.0-0.820.85-0.54-0.38
0.940.52-0.08-0.1-0.820.12-0.38-0.880.88-0.420.89-0.030.91-0.180.690.67-0.580.770.89-0.630.88-0.690.76-0.15-0.63
-0.15-0.42-0.6-0.380.29-0.85-0.430.1-0.06-0.42-0.10.48-0.14-0.65-0.02-0.05-0.32-0.39-0.080.16-0.07-0.110.01-0.440.16
0.990.54-0.4-0.47-0.84-0.18-0.74-0.991.00.89-0.10.091.0-0.510.80.79-0.70.751.0-0.381.0-0.820.84-0.51-0.39
0.07-0.03-0.28-0.140.22-0.43-0.22-0.060.11-0.030.480.090.06-0.440.150.11-0.55-0.370.09-0.120.11-0.050.01-0.29-0.12
0.990.55-0.37-0.45-0.85-0.14-0.72-1.00.990.91-0.141.00.06-0.470.80.78-0.680.771.0-0.41.0-0.810.84-0.48-0.4
-0.46-0.120.670.560.140.720.750.5-0.54-0.18-0.65-0.51-0.44-0.47-0.55-0.520.740.03-0.510.08-0.520.42-0.440.620.08
0.790.42-0.34-0.37-0.53-0.21-0.63-0.790.80.69-0.020.80.150.8-0.551.0-0.650.410.79-0.380.8-0.540.58-0.42-0.38
0.770.42-0.32-0.37-0.52-0.18-0.61-0.780.780.67-0.050.790.110.78-0.521.0-0.60.420.78-0.350.78-0.510.55-0.41-0.35
-0.71-0.040.340.150.330.420.520.68-0.71-0.58-0.32-0.7-0.55-0.680.74-0.65-0.6-0.18-0.690.45-0.70.62-0.680.260.45
0.760.52-0.21-0.35-0.960.1-0.46-0.760.740.77-0.390.75-0.370.770.030.410.42-0.180.76-0.260.74-0.780.77-0.3-0.26
0.990.53-0.42-0.49-0.85-0.2-0.76-1.01.00.89-0.081.00.091.0-0.510.790.78-0.690.76-0.381.0-0.830.84-0.53-0.38
-0.49-0.080.03-0.310.320.08-0.060.36-0.38-0.630.16-0.38-0.12-0.40.08-0.38-0.350.45-0.26-0.38-0.380.27-0.34-0.191.0
0.990.53-0.43-0.49-0.84-0.21-0.76-0.991.00.88-0.071.00.111.0-0.520.80.78-0.70.741.0-0.38-0.820.84-0.53-0.38
-0.81-0.270.430.430.850.290.670.81-0.82-0.69-0.11-0.82-0.05-0.810.42-0.54-0.510.62-0.78-0.830.27-0.82-0.970.460.27
0.840.32-0.34-0.32-0.84-0.21-0.6-0.830.850.760.010.840.010.84-0.440.580.55-0.680.770.84-0.340.84-0.97-0.36-0.34
-0.43-0.540.840.960.450.640.910.5-0.54-0.15-0.44-0.51-0.29-0.480.62-0.42-0.410.26-0.3-0.53-0.19-0.530.46-0.36-0.19
-0.49-0.080.03-0.310.320.08-0.060.36-0.38-0.630.16-0.39-0.12-0.40.08-0.38-0.350.45-0.26-0.381.0-0.380.27-0.34-0.19
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Erie Indemnity Account Relationship Matchups

Erie Indemnity fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets2.1B2.2B2.2B2.5B2.8B4.6B
Short Long Term Debt Total95.9M93.8M122.5M112.3M101.0M103.3M
Total Stockholder Equity1.2B1.3B1.4B1.7B1.9B971.0M
Property Plant And Equipment Net265.3M374.8M413.9M442.6M509.0M534.5M
Net Debt(65.4M)(89.9M)(19.6M)(131.5M)(118.4M)(124.3M)
Retained Earnings2.4B2.5B2.6B2.8B3.2B1.7B
Non Current Assets Total1.3B1.4B1.4B1.5B1.8B1.9B
Non Currrent Assets Other(1.3B)(1.4B)(56.9M)185.2M166.7M175.0M
Other Assets153.2M132.2M167.1M38.6M44.4M42.2M
Net Receivables494.6M479.1M524.9M634.8M730.0M881.8M
Common Stock Shares Outstanding52.7M52.7M52.7M46.2M41.6M56.1M
Liabilities And Stockholders Equity2.1B2.2B2.2B2.5B2.8B4.6B
Non Current Liabilities Total112.7M109.4M502.5M100.2M115.2M109.4M
Other Stockholder Equity(1.1B)(1.2B)(1.2B)(1.2B)(1.0B)(1.1B)
Total Liab929.1M899.6M791.0M809.1M930.5M884.0M
Total Current Assets676.2M701.2M691.3M930.2M837.2M816.3M
Other Current Liab(154.6M)(140.4M)(165.9M)538.1M618.8M587.9M
Total Current Liabilities452.0M446.1M502.5M709.0M815.3M774.6M
Accounts Payable150.0M138.3M165.9M170.9M196.5M118.1M
Cash161.2M183.7M142.1M144.1M165.7M179.3M
Cash And Short Term Investments178.9M222.1M166.4M226.1M260.0M247.0M
Short Term Investments17.7M38.4M24.3M82.0M94.3M89.6M
Inventory(521.9M)(58.7M)(62.5M)(87.5M)1.151.21
Other Current Assets52.6M56.2M97.2M69.3M62.4M59.3M
Accumulated Other Comprehensive Income(78.1M)(25.3M)(7.4M)9.7M8.7M9.1M
Other Liab188.8M207.6M177.0M125.9M113.3M107.7M
Property Plant Equipment243.8M265.3M374.8M413.9M476.0M499.8M
Net Tangible Assets1.1B1.2B1.3B1.4B1.3B1.5B
Long Term Debt97.9M95.8M93.8M91.7M105.5M110.8M
Good Will54.8M47.6M42.8M38.6M44.4M46.7M
Retained Earnings Total Equity2.4B2.4B2.5B2.6B3.0B1.5B
Deferred Long Term Liab13.7M14.9M14.6M27.8M25.0M23.8M
Long Term Investments973.0M966.4M930.9M1.0B940.9M893.9M
Non Current Liabilities Other185.7M192.7M162.4M98.1M88.3M83.9M
Capital Surpluse16.5M16.5M16.5M16.5M19.0M18.1M

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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.
When determining whether Erie Indemnity is a strong investment it is important to analyze Erie Indemnity'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 Erie Indemnity's future performance. For an informed investment choice regarding Erie Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erie Indemnity. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.
You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Is Property & Casualty Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Erie Indemnity. If investors know Erie will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Erie Indemnity listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.22
Dividend Share
5.1
Earnings Share
10.7
Revenue Per Share
79.861
Quarterly Revenue Growth
0.164
The market value of Erie Indemnity is measured differently than its book value, which is the value of Erie that is recorded on the company's balance sheet. Investors also form their own opinion of Erie Indemnity's value that differs from its market value or its book value, called intrinsic value, which is Erie Indemnity's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Erie Indemnity's market value can be influenced by many factors that don't directly affect Erie Indemnity's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Erie Indemnity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Erie Indemnity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Erie Indemnity'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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