High Operating Income vs Income Before Tax Analysis

HITI Stock

USD 2.64 0.04 1.49%

High Tide financial indicator trend analysis is much more than just examining High Tide latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether High Tide is a good investment. Please check the relationship between High Tide Operating Income and its Income Before Tax accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in High Tide. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more detail on how to invest in High Stock please use our How to Invest in High Tide guide.

Operating Income vs Income Before Tax

Operating Income vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of High Tide Operating Income account and Income Before Tax. At this time, the significance of the direction appears to have very strong relationship.

The correlation between High Tide's Operating Income and Income Before Tax is 0.84. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of High Tide, assuming nothing else is changed. The correlation between historical values of High Tide's Operating Income and Income Before Tax 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 High Tide are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Operating Income i.e., High Tide's Operating Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from High Tide 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 High Tide 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.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on High Tide income statement and is an important metric when analyzing High Tide profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Most indicators from High Tide's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into High Tide 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 High Tide. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more detail on how to invest in High Stock please use our How to Invest in High Tide guide.As of now, High Tide's Enterprise Value Multiple is decreasing as compared to previous years.

	2022	2023	2024	2025 (projected)
Gross Profit	131.3M	142.5M	163.9M	172.1M
Total Revenue	487.7M	142.5M	163.9M	178.9M

Gross Profit Total Revenue

High Tide fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	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 Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital
Total Assets		0.96	-0.11	0.93	0.69	0.7	0.99	0.27	0.85	-0.92	0.94	0.81	0.99	0.94	0.67	0.55	0.77	0.88	0.03	0.95	0.92	0.97	0.9	0.56	0.98	1.0
Short Long Term Debt Total	0.96		-0.28	0.91	0.59	0.64	0.99	0.44	0.91	-0.92	0.98	0.82	0.94	0.9	0.72	0.49	0.68	0.86	-0.1	0.96	0.93	0.95	0.8	0.54	0.98	0.96
Other Current Liab	-0.11	-0.28		0.08	0.03	-0.44	-0.21	-0.71	-0.32	0.14	-0.33	-0.2	-0.1	-0.28	-0.14	0.02	0.47	-0.09	0.68	-0.26	-0.17	-0.09	-0.25	-0.18	-0.1	-0.17
Total Current Liabilities	0.93	0.91	0.08		0.51	0.5	0.93	0.28	0.75	-0.9	0.84	0.81	0.9	0.78	0.72	0.44	0.91	0.88	0.17	0.83	0.89	0.96	0.68	0.41	0.95	0.91
Total Stockholder Equity	0.69	0.59	0.03	0.51		0.48	0.62	-0.26	0.71	-0.52	0.64	0.23	0.75	0.66	0.1	0.92	0.43	0.39	-0.3	0.73	0.48	0.57	0.74	0.82	0.65	0.69
Net Tangible Assets	0.7	0.64	-0.44	0.5	0.48		0.68	0.47	0.47	-0.75	0.63	0.73	0.67	0.81	0.62	0.42	0.24	0.71	-0.27	0.61	0.69	0.69	0.87	0.62	0.58	0.74
Property Plant And Equipment Net	0.99	0.99	-0.21	0.93	0.62	0.68		0.38	0.88	-0.93	0.97	0.83	0.97	0.93	0.71	0.5	0.73	0.88	-0.03	0.96	0.94	0.97	0.85	0.54	0.99	0.99
Current Deferred Revenue	0.27	0.44	-0.71	0.28	-0.26	0.47	0.38		0.22	-0.42	0.39	0.52	0.18	0.35	0.58	-0.18	-0.03	0.4	-0.34	0.24	0.36	0.39	0.22	0.11	0.27	0.31
Net Debt	0.85	0.91	-0.32	0.75	0.71	0.47	0.88	0.22		-0.75	0.95	0.6	0.88	0.79	0.49	0.61	0.52	0.69	-0.23	0.96	0.81	0.78	0.71	0.58	0.9	0.85
Retained Earnings	-0.92	-0.92	0.14	-0.9	-0.52	-0.75	-0.93	-0.42	-0.75		-0.86	-0.92	-0.89	-0.86	-0.86	-0.47	-0.73	-0.97	0.0	-0.83	-0.95	-0.96	-0.79	-0.57	-0.91	-0.93
Accounts Payable	0.94	0.98	-0.33	0.84	0.64	0.63	0.97	0.39	0.95	-0.86		0.76	0.94	0.92	0.66	0.5	0.6	0.81	-0.12	0.98	0.9	0.9	0.82	0.55	0.96	0.95
Cash	0.81	0.82	-0.2	0.81	0.23	0.73	0.83	0.52	0.6	-0.92	0.76		0.76	0.78	0.94	0.15	0.63	0.98	0.19	0.71	0.94	0.85	0.69	0.28	0.79	0.81
Non Current Assets Total	0.99	0.94	-0.1	0.9	0.75	0.67	0.97	0.18	0.88	-0.89	0.94	0.76		0.94	0.61	0.59	0.74	0.84	0.01	0.97	0.91	0.94	0.91	0.58	0.98	0.99
Non Currrent Assets Other	0.94	0.9	-0.28	0.78	0.66	0.81	0.93	0.35	0.79	-0.86	0.92	0.78	0.94		0.66	0.48	0.57	0.82	-0.05	0.91	0.87	0.9	0.95	0.59	0.89	0.96
Other Assets	0.67	0.72	-0.14	0.72	0.1	0.62	0.71	0.58	0.49	-0.86	0.66	0.94	0.61	0.66		0.09	0.58	0.91	0.19	0.56	0.84	0.78	0.52	0.31	0.67	0.68
Cash And Short Term Investments	0.55	0.49	0.02	0.44	0.92	0.42	0.5	-0.18	0.61	-0.47	0.5	0.15	0.59	0.48	0.09		0.34	0.31	-0.49	0.57	0.37	0.49	0.54	0.91	0.53	0.55
Net Receivables	0.77	0.68	0.47	0.91	0.43	0.24	0.73	-0.03	0.52	-0.73	0.6	0.63	0.74	0.57	0.58	0.34		0.74	0.46	0.62	0.7	0.81	0.5	0.25	0.79	0.73
Common Stock Shares Outstanding	0.88	0.86	-0.09	0.88	0.39	0.71	0.88	0.4	0.69	-0.97	0.81	0.98	0.84	0.82	0.91	0.31	0.74		0.18	0.78	0.97	0.91	0.74	0.41	0.87	0.88
Short Term Investments	0.03	-0.1	0.68	0.17	-0.3	-0.27	-0.03	-0.34	-0.23	0.0	-0.12	0.19	0.01	-0.05	0.19	-0.49	0.46	0.18		-0.11	0.13	0.03	-0.11	-0.58	0.03	-0.02
Non Current Liabilities Total	0.95	0.96	-0.26	0.83	0.73	0.61	0.96	0.24	0.96	-0.83	0.98	0.71	0.97	0.91	0.56	0.57	0.62	0.78	-0.11		0.88	0.88	0.85	0.57	0.96	0.95
Capital Lease Obligations	0.92	0.93	-0.17	0.89	0.48	0.69	0.94	0.36	0.81	-0.95	0.9	0.94	0.91	0.87	0.84	0.37	0.7	0.97	0.13	0.88		0.91	0.79	0.42	0.93	0.92
Inventory	0.97	0.95	-0.09	0.96	0.57	0.69	0.97	0.39	0.78	-0.96	0.9	0.85	0.94	0.9	0.78	0.49	0.81	0.91	0.03	0.88	0.91		0.82	0.56	0.96	0.97
Other Current Assets	0.9	0.8	-0.25	0.68	0.74	0.87	0.85	0.22	0.71	-0.79	0.82	0.69	0.91	0.95	0.52	0.54	0.5	0.74	-0.11	0.85	0.79	0.82		0.61	0.81	0.91
Other Stockholder Equity	0.56	0.54	-0.18	0.41	0.82	0.62	0.54	0.11	0.58	-0.57	0.55	0.28	0.58	0.59	0.31	0.91	0.25	0.41	-0.58	0.57	0.42	0.56	0.61		0.51	0.59
Total Liab	0.98	0.98	-0.1	0.95	0.65	0.58	0.99	0.27	0.9	-0.91	0.96	0.79	0.98	0.89	0.67	0.53	0.79	0.87	0.03	0.96	0.93	0.96	0.81	0.51		0.97
Net Invested Capital	1.0	0.96	-0.17	0.91	0.69	0.74	0.99	0.31	0.85	-0.93	0.95	0.81	0.99	0.96	0.68	0.55	0.73	0.88	-0.02	0.95	0.92	0.97	0.91	0.59	0.97

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High Tide Account Relationship Matchups

High Tide fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	246.2M	274.7M	233.4M	246.2M	283.1M	157.9M
Short Long Term Debt Total	55.4M	69.9M	72.5M	74.6M	85.8M	47.3M
Other Current Liab	17.4M	14.0M	16.2M	9.8M	11.2M	10.8M
Total Current Liabilities	40.8M	59.9M	58.1M	61.5M	70.7M	38.8M
Total Stockholder Equity	147.2M	156.4M	131.6M	4.6M	5.3M	5.1M
Net Tangible Assets	(2.6M)	(7.9M)	4.9M	10.9M	12.5M	13.1M
Property Plant And Equipment Net	52.7M	62.0M	57.8M	64.0M	73.6M	38.8M
Current Deferred Revenue	185K	641K	1.4M	2.0M	2.3M	1.2M
Net Debt	41.4M	44.8M	42.4M	27.3M	31.4M	28.9M
Retained Earnings	(34.4M)	(87.8M)	(168.1M)	(205.9M)	(185.3M)	(176.1M)
Accounts Payable	8.7M	7.7M	8.4M	8.1M	9.3M	6.2M
Cash	14.0M	25.1M	30.1M	47.3M	54.4M	57.1M
Non Current Assets Total	199.9M	210.7M	164.8M	160.4M	184.5M	113.2M
Non Currrent Assets Other	4.4M	3.0M	3.3M	3.6M	4.1M	2.6M
Other Assets	3.0M	4.9M	3.2M	80.3M	92.4M	97.0M
Cash And Short Term Investments	14.9M	25.3M	30.3M	712K	818.8K	777.9K
Net Receivables	2.7M	6.5M	7.9M	7.6M	8.7M	5.6M
Common Stock Shares Outstanding	42.4M	62.8M	74.3M	79.6M	91.5M	96.1M
Short Term Investments	860K	195K	141K	712K	818.8K	859.7K
Liabilities And Stockholders Equity	246.2M	274.7M	233.4M	246.2M	283.1M	157.9M
Non Current Liabilities Total	53.4M	52.8M	41.6M	39.2M	45.1M	32.8M
Capital Lease Obligations	29.8M	33.8M	35.0M	40.2M	46.2M	48.5M
Inventory	5.7M	17.0M	23.4M	26.0M	29.9M	15.4M
Other Current Assets	7.9M	7.5M	4.8M	5.5M	6.3M	4.7M
Other Stockholder Equity	15.2M	23.1M	44.2M	4.6M	5.3M	5.1M
Total Liab	94.2M	112.7M	99.7M	100.7M	115.8M	71.5M
Net Invested Capital	172.9M	192.5M	169.0M	177.7M	204.3M	110.1M
Short Long Term Debt	6.5M	19.1M	25.0M	26.9M	30.9M	32.4M
Total Current Assets	46.3M	64.1M	68.6M	5.5M	6.3M	6.0M
Accumulated Other Comprehensive Income	(487K)	(648K)	5.7M	5.3M	6.0M	6.3M
Net Working Capital	5.5M	4.1M	10.5M	24.3M	28.0M	29.4M
Short Term Debt	12.3M	26.7M	32.2M	35.7M	41.0M	43.1M
Common Stock	32.6M	208.9M	279.5M	288.0M	331.2M	347.8M
Property Plant Equipment	12.4M	29.5M	52.7M	62.0M	71.3M	74.9M
Capital Stock	208.9M	279.5M	288.0M	300.6M	345.7M	184.1M
Intangible Assets	62.3M	62.1M	27.3M	19.4M	22.4M	30.2M
Long Term Debt	19.1M	17.0M	12.5M	7.5M	6.8M	12.0M
Good Will	79.9M	83.4M	76.2M	73.4M	84.4M	59.2M

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When determining whether High Tide offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of High Tide's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of High Tide Stock. Outlined below are crucial reports that will aid in making a well-informed decision on High Tide Stock:

How To Invest In High

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Is High Stock a good investment?

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What is High Tide's Net Worth?

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in High Tide. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more detail on how to invest in High Stock please use our How to Invest in High Tide guide.

You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Is Consumer Staples Distribution & Retail 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 High Tide. If investors know High 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 High Tide listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.03)

Revenue Per Share

6.565

Quarterly Revenue Growth

0.088

Return On Assets

0.0399

Return On Equity

(0.03)

The market value of High Tide is measured differently than its book value, which is the value of High that is recorded on the company's balance sheet. Investors also form their own opinion of High Tide's value that differs from its market value or its book value, called intrinsic value, which is High Tide'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 High Tide's market value can be influenced by many factors that don't directly affect High Tide'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 High Tide's value and its price as these two are different measures arrived at by different means. Investors typically determine if High Tide is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, High Tide'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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High Operating Income vs Income Before Tax Analysis

Operating Income vs Income Before Tax

Operating Income vs Income Before Tax Correlation Analysis

Correlation Coefficient

Operating Income

Income Before Tax

High Tide fundamental ratios Correlations

High Tide Account Relationship Matchups

High Positive Relationship

High Negative Relationship

High Tide fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Invested Capital	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Property Plant And Equipment Net
Net Invested Capital	+ 0.99	Property Plant And Equipment Net

Common Stock Shares Outstanding	- 0.97	Retained Earnings
Inventory	- 0.96	Retained Earnings
Capital Lease Obligations	- 0.95	Retained Earnings
Net Invested Capital	- 0.93	Retained Earnings
Retained Earnings	- 0.93	Property Plant And Equipment Net
Cash	- 0.92	Retained Earnings