HEG Gross Profit vs Operating Income Analysis

HEG Stock

568.30 21.35 3.90%

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

Gross Profit vs Operating Income

Gross Profit vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HEG Limited Gross Profit account and Operating Income. At this time, the significance of the direction appears to have totally related.

The correlation between HEG's Gross Profit and Operating Income is 0.99. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Operating Income in the same time period over historical financial statements of HEG Limited, assuming nothing else is changed. The correlation between historical values of HEG's Gross Profit 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 Gross Profit of HEG Limited 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 Gross Profit i.e., HEG's Gross Profit and Operating Income go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

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Gross Profit

Gross profit is a required income statement account that reflects total revenue of HEG Limited minus its cost of goods sold. It is profit before HEG operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Operating Income

Operating Income is the amount of profit realized from HEG Limited 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 HEG Limited 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 HEG's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HEG Limited 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HEG Limited. 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.

As of December 15, 2024, Selling General Administrative is expected to decline to about 222.3 M. In addition to that, Tax Provision is expected to decline to about 795.1 M

	2021	2022	2023	2024 (projected)
Gross Profit	9.1B	12.4B	12.4B	10.9B
Total Revenue	21.7B	24.7B	23.9B	18.9B

Gross Profit Total Revenue

HEG fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Current Deferred Revenue
Total Assets		-0.35	0.51	0.57	0.89	0.71	-0.37	0.89	0.74	0.19	0.83	0.17	0.8	0.35	0.26	0.82	-0.68	0.94	0.13	-0.41	0.17	0.95	0.15	-0.21	-0.31	0.26
Short Long Term Debt Total	-0.35		0.16	0.4	-0.53	-0.12	0.99	-0.53	-0.37	-0.16	-0.28	0.14	-0.47	-0.1	-0.17	-0.46	0.54	-0.15	-0.07	0.17	0.8	-0.3	0.79	0.34	0.28	0.04
Other Current Liab	0.51	0.16		0.78	0.4	0.45	0.2	0.35	0.4	-0.22	0.32	0.49	0.24	0.56	0.08	0.27	-0.49	0.62	0.27	-0.05	0.57	0.56	0.54	-0.2	-0.18	0.29
Total Current Liabilities	0.57	0.4	0.78		0.34	0.52	0.43	0.3	0.46	-0.26	0.41	0.24	0.22	0.47	0.05	0.28	-0.46	0.65	0.23	-0.14	0.79	0.59	0.82	-0.24	-0.04	0.44
Total Stockholder Equity	0.89	-0.53	0.4	0.34		0.61	-0.54	1.0	0.84	0.41	0.75	0.28	0.85	0.28	0.53	0.78	-0.73	0.81	0.1	-0.36	0.0	0.84	-0.01	-0.18	-0.68	0.02
Property Plant And Equipment Net	0.71	-0.12	0.45	0.52	0.61		-0.17	0.6	0.57	0.31	0.85	0.38	0.56	-0.07	0.47	0.55	-0.46	0.63	-0.24	0.24	0.27	0.53	0.23	-0.05	-0.2	-0.07
Net Debt	-0.37	0.99	0.2	0.43	-0.54	-0.17		-0.56	-0.39	-0.27	-0.32	0.1	-0.5	-0.06	-0.23	-0.48	0.48	-0.18	-0.03	0.16	0.78	-0.32	0.81	0.23	0.28	0.09
Retained Earnings	0.89	-0.53	0.35	0.3	1.0	0.6	-0.56		0.82	0.46	0.75	0.28	0.87	0.25	0.52	0.8	-0.68	0.8	0.07	-0.37	-0.02	0.83	-0.05	-0.13	-0.67	0.0
Accounts Payable	0.74	-0.37	0.4	0.46	0.84	0.57	-0.39	0.82		0.43	0.5	0.27	0.76	0.47	0.59	0.68	-0.63	0.64	0.28	-0.15	0.22	0.78	0.1	-0.09	-0.64	0.14
Cash	0.19	-0.16	-0.22	-0.26	0.41	0.31	-0.27	0.46	0.43		0.25	0.48	0.39	-0.2	0.79	0.2	0.17	0.17	-0.22	0.07	-0.01	0.13	-0.21	0.68	-0.58	-0.6
Non Current Assets Total	0.83	-0.28	0.32	0.41	0.75	0.85	-0.32	0.75	0.5	0.25		0.25	0.67	-0.18	0.36	0.68	-0.58	0.71	-0.35	-0.09	0.05	0.62	0.13	-0.17	-0.26	-0.07
Non Currrent Assets Other	0.17	0.14	0.49	0.24	0.28	0.38	0.1	0.28	0.27	0.48	0.25		0.13	0.05	0.65	0.0	-0.08	0.25	-0.26	0.19	0.36	0.11	0.23	0.49	-0.46	-0.6
Cash And Short Term Investments	0.8	-0.47	0.24	0.22	0.85	0.56	-0.5	0.87	0.76	0.39	0.67	0.13		0.07	0.3	0.97	-0.48	0.63	-0.07	-0.14	-0.01	0.77	-0.13	-0.11	-0.5	0.11
Net Receivables	0.35	-0.1	0.56	0.47	0.28	-0.07	-0.06	0.25	0.47	-0.2	-0.18	0.05	0.07		-0.01	0.1	-0.39	0.47	0.85	-0.47	0.28	0.57	0.19	-0.16	-0.1	0.52
Common Stock Shares Outstanding	0.26	-0.17	0.08	0.05	0.53	0.47	-0.23	0.52	0.59	0.79	0.36	0.65	0.3	-0.01		0.11	-0.27	0.23	-0.07	0.13	0.09	0.17	0.04	0.35	-0.74	-0.65
Short Term Investments	0.82	-0.46	0.27	0.28	0.78	0.55	-0.48	0.8	0.68	0.2	0.68	0.0	0.97	0.1	0.11		-0.49	0.65	-0.04	-0.17	-0.02	0.8	-0.12	-0.22	-0.31	0.26
Non Current Liabilities Total	-0.68	0.54	-0.49	-0.46	-0.73	-0.46	0.48	-0.68	-0.63	0.17	-0.58	-0.08	-0.48	-0.39	-0.27	-0.49		-0.56	-0.19	0.27	0.11	-0.61	-0.07	0.69	0.42	-0.2
Inventory	0.94	-0.15	0.62	0.65	0.81	0.63	-0.18	0.8	0.64	0.17	0.71	0.25	0.63	0.47	0.23	0.65	-0.56		0.23	-0.52	0.34	0.93	0.31	-0.1	-0.28	0.29
Other Current Assets	0.13	-0.07	0.27	0.23	0.1	-0.24	-0.03	0.07	0.28	-0.22	-0.35	-0.26	-0.07	0.85	-0.07	-0.04	-0.19	0.23		-0.42	0.13	0.36	0.09	-0.2	-0.01	0.49
Other Stockholder Equity	-0.41	0.17	-0.05	-0.14	-0.36	0.24	0.16	-0.37	-0.15	0.07	-0.09	0.19	-0.14	-0.47	0.13	-0.17	0.27	-0.52	-0.42		0.05	-0.51	-0.06	0.16	0.09	-0.27
Total Liab	0.17	0.8	0.57	0.79	0.0	0.27	0.78	-0.02	0.22	-0.01	0.05	0.36	-0.01	0.28	0.09	-0.02	0.11	0.34	0.13	0.05		0.25	0.91	0.26	-0.05	0.23
Total Current Assets	0.95	-0.3	0.56	0.59	0.84	0.53	-0.32	0.83	0.78	0.13	0.62	0.11	0.77	0.57	0.17	0.8	-0.61	0.93	0.36	-0.51	0.25		0.17	-0.19	-0.29	0.42
Short Term Debt	0.15	0.79	0.54	0.82	-0.01	0.23	0.81	-0.05	0.1	-0.21	0.13	0.23	-0.13	0.19	0.04	-0.12	-0.07	0.31	0.09	-0.06	0.91	0.17		-0.02	-0.04	0.21
Intangible Assets	-0.21	0.34	-0.2	-0.24	-0.18	-0.05	0.23	-0.13	-0.09	0.68	-0.17	0.49	-0.11	-0.16	0.35	-0.22	0.69	-0.1	-0.2	0.16	0.26	-0.19	-0.02		-0.05	-0.47
Common Stock	-0.31	0.28	-0.18	-0.04	-0.68	-0.2	0.28	-0.67	-0.64	-0.58	-0.26	-0.46	-0.5	-0.1	-0.74	-0.31	0.42	-0.28	-0.01	0.09	-0.05	-0.29	-0.04	-0.05		0.35
Current Deferred Revenue	0.26	0.04	0.29	0.44	0.02	-0.07	0.09	0.0	0.14	-0.6	-0.07	-0.6	0.11	0.52	-0.65	0.26	-0.2	0.29	0.49	-0.27	0.23	0.42	0.21	-0.47	0.35

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HEG Account Relationship Matchups

HEG fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	44.4B	42.4B	53.1B	56.9B	57.0B	32.8B
Short Long Term Debt Total	5.9B	3.0B	6.6B	7.4B	6.2B	6.2B
Other Current Liab	(45.3M)	(59.9M)	1.6B	3.0B	1.0B	1.1B
Total Current Liabilities	8.2B	6.4B	12.9B	13.2B	11.7B	8.1B
Total Stockholder Equity	35.1B	35.0B	39.1B	42.8B	44.3B	46.5B
Property Plant And Equipment Net	8.4B	10.6B	14.5B	18.3B	20.2B	10.8B
Net Debt	5.6B	2.8B	6.2B	7.1B	4.9B	5.9B
Retained Earnings	33.5B	33.3B	37.5B	41.1B	42.6B	44.8B
Accounts Payable	1.3B	2.6B	4.5B	2.6B	4.3B	4.5B
Cash	328.0M	213.7M	410.4M	333M	1.4B	1.4B
Non Current Assets Total	23.8B	21.7B	23.0B	28.4B	30.7B	15.5B
Non Currrent Assets Other	50.0M	47.1M	47.1M	860M	1.7B	1.8B
Cash And Short Term Investments	3.2B	10.5B	12.5B	8.4B	7.1B	7.5B
Net Receivables	4.0B	3.2B	5.9B	5.3B	5.1B	5.8B
Short Term Investments	2.9B	10.3B	12.1B	8.0B	5.7B	3.3B
Liabilities And Stockholders Equity	44.4B	42.4B	53.1B	56.9B	57.0B	32.8B
Non Current Liabilities Total	1.1B	1.1B	1.1B	949.3M	1.1B	1.0B
Inventory	10.1B	5.8B	9.8B	14.4B	11.9B	6.8B
Other Current Assets	415.6M	1.5B	1.9B	1.6B	2.2B	3.8B
Other Stockholder Equity	(47.0B)	(44.8B)	1.0	(381K)	2K	2.1K
Total Liab	9.3B	7.5B	13.9B	14.1B	12.8B	12.8B
Total Current Assets	20.6B	20.7B	30.1B	28.5B	26.3B	16.8B
Accumulated Other Comprehensive Income	(9.0B)	(9.7B)	1.3B	1.3B	1.2B	1.3B
Short Term Debt	5.9B	3.0B	6.6B	7.4B	6.2B	6.4B
Intangible Assets	3.0M	2.0M	998K	3.4M	12.3M	9.1M
Current Deferred Revenue	886.6M	891.9M	1.7B	1.4B	65.7M	62.4M
Other Assets	(1K)	2.9B	1K	860M	42K	39.9K
Other Liab	1.3B	1.1B	1.0B	1.1B	1.2B	1.1B
Net Tangible Assets	37.9B	35.1B	34.9B	39.1B	45.0B	25.2B
Short Long Term Debt	5.9B	3.0B	6.6B	7.4B	6.2B	5.6B
Property Plant Equipment	8.4B	10.6B	14.5B	18.3B	21.0B	11.8B
Long Term Debt Total	11.4M	8.1M	7.8M	13.8M	12.4M	11.8M
Capital Lease Obligations	16.4M	15.4M	12.8M	16.6M	33M	34.7M
Non Current Liabilities Other	30.1M	39.2M	63.4M	36.9M	41.7M	35.2M
Net Invested Capital	41.0B	37.9B	45.8B	50.2B	50.5B	45.9B

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Other Information on Investing in HEG Stock

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

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HEG Gross Profit vs Operating Income Analysis

Gross Profit vs Operating Income

Gross Profit vs Operating Income Correlation Analysis

Correlation Coefficient

Gross Profit

Operating Income

HEG fundamental ratios Correlations

HEG Account Relationship Matchups

High Positive Relationship

High Negative Relationship

HEG fundamental ratios Accounts

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Other Information on Investing in HEG Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 1.0	Total Stockholder Equity
Net Debt	+ 0.99	Short Long Term Debt Total
Short Term Investments	+ 0.97	Cash And Short Term Investments
Total Current Assets	+ 0.95	Total Assets
Inventory	+ 0.94	Total Assets
Total Current Assets	+ 0.93	Inventory

Common Stock	- 0.74	Common Stock Shares Outstanding
Non Current Liabilities Total	- 0.73	Total Stockholder Equity
Non Current Liabilities Total	- 0.68	Retained Earnings
Common Stock	- 0.68	Total Stockholder Equity
Non Current Liabilities Total	- 0.68	Total Assets
Common Stock	- 0.67	Retained Earnings