Largo Total Revenue vs Operating Income Analysis

LGO Stock

USD 2.17 0.10 4.83%

Largo Resources financial indicator trend analysis is infinitely more than just investigating Largo Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Largo Resources is a good investment. Please check the relationship between Largo Resources Total Revenue and its Operating Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Largo Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

To learn how to invest in Largo Stock, please use our How to Invest in Largo Resources guide.

Total Revenue vs Operating Income

Total Revenue vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Largo Resources Total Revenue account and Operating Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between Largo Resources' Total Revenue and Operating Income is 0.76. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Operating Income in the same time period over historical financial statements of Largo Resources, assuming nothing else is changed. The correlation between historical values of Largo Resources' Total Revenue 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 Total Revenue of Largo Resources 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 Total Revenue i.e., Largo Resources' Total Revenue and Operating Income go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Total Revenue

Total revenue comprises all receipts Largo Resources 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.

Operating Income

Operating Income is the amount of profit realized from Largo Resources 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 Largo Resources 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 Largo Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Largo Resources 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Largo Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

To learn how to invest in Largo Stock, please use our How to Invest in Largo Resources guide.At this time, Largo Resources' Selling General Administrative is very stable compared to the past year. As of the 27th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.32, though Tax Provision is likely to grow to (1.1 M).

	2021	2022	2023	2024 (projected)
Total Revenue	198.3M	229.3M	198.7M	143.6M
Depreciation And Amortization	22.5M	23.3M	29.3M	30.7M

Total Revenue Depreciation And Amortization

Largo Resources fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Property Plant And Equipment Net	Non Current Assets Total	Inventory	Other Current Assets	Non Current Liabilities Total	Non Currrent Assets Other	Short Long Term Debt Total	Short Term Debt	Current Deferred Revenue	Common Stock	Other Liab	Net Tangible Assets
Total Assets		-0.25	0.44	0.64	-0.06	-0.05	0.41	0.56	0.56	0.49	0.53	-0.13	0.37	0.53	0.71	0.77	0.3	-0.23	0.22	-0.07	0.27	0.43	0.47	0.47	-0.07	0.51
Other Current Liab	-0.25		0.37	-0.4	0.18	-0.14	-0.26	-0.35	-0.35	-0.35	-0.4	0.89	0.18	-0.23	-0.1	-0.15	-0.31	0.67	0.03	0.17	0.0	-0.09	-0.4	-0.38	0.14	-0.41
Total Current Liabilities	0.44	0.37		0.0	0.07	-0.41	0.28	0.45	0.45	0.33	0.26	0.3	0.55	0.27	0.34	0.3	-0.18	-0.14	0.16	0.08	0.39	0.8	0.11	0.04	0.47	0.19
Total Stockholder Equity	0.64	-0.4	0.0		-0.67	0.54	0.48	0.72	0.72	0.63	0.69	-0.21	-0.4	0.88	0.07	0.17	0.65	-0.06	-0.46	-0.25	-0.41	-0.03	0.77	0.67	-0.32	0.85
Net Debt	-0.06	0.18	0.07	-0.67		-0.71	-0.41	-0.72	-0.72	-0.38	-0.46	0.0	0.82	-0.76	0.59	0.53	-0.39	-0.08	0.94	0.37	0.88	0.16	-0.72	-0.5	0.11	-0.71
Retained Earnings	-0.05	-0.14	-0.41	0.54	-0.71		0.0	0.3	0.3	0.11	-0.03	0.12	-0.81	0.39	-0.42	-0.37	0.16	0.29	-0.75	-0.11	-0.78	-0.38	0.35	0.05	-0.08	0.41
Accounts Payable	0.41	-0.26	0.28	0.48	-0.41	0.0		0.56	0.56	0.24	0.57	-0.33	0.0	0.51	0.11	0.16	0.44	-0.34	-0.13	0.15	-0.1	0.04	0.43	0.48	-0.12	0.54
Cash	0.56	-0.35	0.45	0.72	-0.72	0.3	0.56		1.0	0.68	0.7	-0.19	-0.25	0.85	-0.04	0.0	0.3	-0.34	-0.52	-0.33	-0.32	0.48	0.8	0.58	0.15	0.83
Cash And Short Term Investments	0.56	-0.35	0.45	0.72	-0.72	0.3	0.56	1.0		0.68	0.7	-0.19	-0.25	0.85	-0.04	0.0	0.3	-0.34	-0.52	-0.33	-0.32	0.48	0.8	0.58	0.15	0.83
Net Receivables	0.49	-0.35	0.33	0.63	-0.38	0.11	0.24	0.68	0.68		0.84	-0.36	-0.08	0.8	-0.02	0.05	0.6	-0.37	-0.24	-0.17	-0.06	0.4	0.72	0.67	-0.17	0.87
Common Stock Shares Outstanding	0.53	-0.4	0.26	0.69	-0.46	-0.03	0.57	0.7	0.7	0.84		-0.45	-0.1	0.84	0.0	0.07	0.81	-0.45	-0.23	-0.3	-0.13	0.19	0.79	0.92	-0.43	0.86
Other Stockholder Equity	-0.13	0.89	0.3	-0.21	0.0	0.12	-0.33	-0.19	-0.19	-0.36	-0.45		-0.01	-0.13	-0.09	-0.13	-0.43	0.79	-0.17	-0.01	-0.17	-0.04	-0.31	-0.41	0.27	-0.36
Total Liab	0.37	0.18	0.55	-0.4	0.82	-0.81	0.0	-0.25	-0.25	-0.08	-0.1	-0.01		-0.39	0.8	0.75	-0.28	-0.26	0.91	0.34	0.95	0.53	-0.4	-0.23	0.22	-0.37
Total Current Assets	0.53	-0.23	0.27	0.88	-0.76	0.39	0.51	0.85	0.85	0.8	0.84	-0.13	-0.39		-0.16	-0.08	0.66	-0.08	-0.58	-0.27	-0.46	0.15	0.85	0.76	-0.23	0.94
Property Plant And Equipment Net	0.71	-0.1	0.34	0.07	0.59	-0.42	0.11	-0.04	-0.04	-0.02	0.0	-0.09	0.8	-0.16		0.99	-0.12	-0.24	0.77	0.17	0.78	0.41	-0.15	-0.07	0.1	-0.14
Non Current Assets Total	0.77	-0.15	0.3	0.17	0.53	-0.37	0.16	0.0	0.0	0.05	0.07	-0.13	0.75	-0.08	0.99		-0.02	-0.24	0.73	0.19	0.72	0.36	-0.07	0.02	0.01	-0.05
Inventory	0.3	-0.31	-0.18	0.65	-0.39	0.16	0.44	0.3	0.3	0.6	0.81	-0.43	-0.28	0.66	-0.12	-0.02		-0.24	-0.22	-0.16	-0.28	-0.34	0.61	0.88	-0.82	0.69
Other Current Assets	-0.23	0.67	-0.14	-0.06	-0.08	0.29	-0.34	-0.34	-0.34	-0.37	-0.45	0.79	-0.26	-0.08	-0.24	-0.24	-0.24		-0.24	0.16	-0.34	-0.42	-0.32	-0.38	0.05	-0.32
Non Current Liabilities Total	0.22	0.03	0.16	-0.46	0.94	-0.75	-0.13	-0.52	-0.52	-0.24	-0.23	-0.17	0.91	-0.58	0.77	0.73	-0.22	-0.24		0.38	0.94	0.22	-0.52	-0.28	0.02	-0.51
Non Currrent Assets Other	-0.07	0.17	0.08	-0.25	0.37	-0.11	0.15	-0.33	-0.33	-0.17	-0.3	-0.01	0.34	-0.27	0.17	0.19	-0.16	0.16	0.38		0.34	-0.04	-0.56	-0.45	0.2	-0.21
Short Long Term Debt Total	0.27	0.0	0.39	-0.41	0.88	-0.78	-0.1	-0.32	-0.32	-0.06	-0.13	-0.17	0.95	-0.46	0.78	0.72	-0.28	-0.34	0.94	0.34		0.51	-0.45	-0.29	0.23	-0.4
Short Term Debt	0.43	-0.09	0.8	-0.03	0.16	-0.38	0.04	0.48	0.48	0.4	0.19	-0.04	0.53	0.15	0.41	0.36	-0.34	-0.42	0.22	-0.04	0.51		0.1	-0.04	0.64	0.16
Current Deferred Revenue	0.47	-0.4	0.11	0.77	-0.72	0.35	0.43	0.8	0.8	0.72	0.79	-0.31	-0.4	0.85	-0.15	-0.07	0.61	-0.32	-0.52	-0.56	-0.45	0.1		0.8	-0.35	0.87
Common Stock	0.47	-0.38	0.04	0.67	-0.5	0.05	0.48	0.58	0.58	0.67	0.92	-0.41	-0.23	0.76	-0.07	0.02	0.88	-0.38	-0.28	-0.45	-0.29	-0.04	0.8		-0.65	0.76
Other Liab	-0.07	0.14	0.47	-0.32	0.11	-0.08	-0.12	0.15	0.15	-0.17	-0.43	0.27	0.22	-0.23	0.1	0.01	-0.82	0.05	0.02	0.2	0.23	0.64	-0.35	-0.65		-0.25
Net Tangible Assets	0.51	-0.41	0.19	0.85	-0.71	0.41	0.54	0.83	0.83	0.87	0.86	-0.36	-0.37	0.94	-0.14	-0.05	0.69	-0.32	-0.51	-0.21	-0.4	0.16	0.87	0.76	-0.25

Click cells to compare fundamentals

Largo Resources Account Relationship Matchups

Largo Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	356.8M	297.8M	313.9M	355.8M	396.4M	201.9M
Other Current Liab	3.2M	3.7M	4.0M	6.1M	7.0M	9.1M
Total Current Liabilities	78.1M	44.3M	41.7M	39.0M	42.5M	38.1M
Total Stockholder Equity	271.4M	247.2M	265.7M	265.4M	247.4M	259.7M
Net Debt	(127.1M)	(54.4M)	(66.2M)	(12.4M)	33.8M	27.4M
Retained Earnings	(49.1M)	(71.9M)	(49.3M)	(48.2M)	(77.2M)	(81.1M)
Accounts Payable	74.9M	12.3M	14.1M	26.6M	31.3M	32.8M
Cash	127.1M	79.1M	83.8M	54.5M	42.7M	30.0M
Cash And Short Term Investments	127.1M	79.1M	83.8M	54.5M	42.7M	30.0M
Net Receivables	6.1M	19.1M	23.7M	21.0M	25.6M	26.9M
Common Stock Shares Outstanding	53.5M	61.4M	65.0M	64.4M	64.0M	67.2M
Liabilities And Stockholders Equity	356.8M	297.8M	313.9M	355.8M	396.4M	201.9M
Other Stockholder Equity	14.9M	21.3M	17.8M	14.1M	(1.0)	(0.95)
Total Liab	85.4M	50.6M	48.2M	81.2M	141.9M	85.6M
Total Current Assets	156.2M	137.3M	160.0M	154.1M	137.1M	144.0M
Accumulated Other Comprehensive Income	(29.7M)	(108.4M)	(118.8M)	(112.2M)	(85.6M)	(81.3M)
Property Plant And Equipment Net	190.1M	149.0M	146.7M	175.2M	211.1M	140.3M
Non Current Assets Total	200.7M	160.5M	153.9M	201.6M	260.0M	147.7M
Inventory	21.2M	35.3M	45.3M	64.2M	61.6M	64.6M
Other Current Assets	1.7M	3.7M	7.2M	14.5M	7.2M	9.8M
Non Current Liabilities Total	7.3M	6.3M	6.5M	42.2M	99.7M	60.7M
Non Currrent Assets Other	0.0	(195.1M)	(190.4M)	14.5M	35.2M	37.0M
Common Stock	335.3M	406.2M	416.0M	411.6M	410.2M	344.3M
Other Liab	7.3M	6.3M	4.6M	4.8M	4.3M	5.2M
Net Tangible Assets	272.1M	242.8M	261.8M	258.1M	296.8M	275.3M
Net Invested Capital	271.4M	272.0M	280.7M	305.4M	323.7M	326.6M
Net Working Capital	78.1M	93.0M	118.3M	115.2M	94.7M	89.9M
Property Plant Equipment	190.5M	149.0M	146.7M	189.7M	170.8M	160.7M
Capital Stock	335.3M	406.2M	416.0M	411.6M	412.3M	419.2M

Pair Trading with Largo Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Largo Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Largo Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Largo Stock

0.64

MP Materials Corp

Pair Corr

Moving against Largo Stock

0.46	ELBM	Electra Battery Materials	Pair Corr
0.41	BYU	BAIYU Holdings	Pair Corr

The ability to find closely correlated positions to Largo Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Largo Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Largo Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Largo Resources to buy it.

The correlation of Largo Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Largo Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Largo Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Largo Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Largo Resources offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Largo Resources' 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 Largo Resources Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Largo Resources Stock:

How To Invest In Largo

Details

Is Largo Stock a good investment?

Details

What is Largo Resources' Net Worth?

Details

Largest Other Industrial Metals & Mining Companies

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Largest Basic Materials Companies

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Largo Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

To learn how to invest in Largo Stock, please use our How to Invest in Largo Resources guide.

You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

Is Diversified Metals & Mining 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 Largo Resources. If investors know Largo 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 Largo Resources 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

1.153

Earnings Share

(0.76)

Revenue Per Share

2.26

Quarterly Revenue Growth

(0.32)

Return On Assets

(0.08)

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

Total Revenue vs Operating Income

Total Revenue vs Operating Income Correlation Analysis

Correlation Coefficient

Total Revenue

Operating Income

Largo Resources fundamental ratios Correlations

Largo Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Largo Resources fundamental ratios Accounts

Pair Trading with Largo Resources

Moving together with Largo Stock

Moving against Largo Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Short Long Term Debt Total	+ 0.95	Total Liab
Non Current Liabilities Total	+ 0.94	Net Debt
Net Tangible Assets	+ 0.94	Total Current Assets
Short Long Term Debt Total	+ 0.94	Non Current Liabilities Total

Other Liab	- 0.82	Inventory
Total Liab	- 0.81	Retained Earnings
Short Long Term Debt Total	- 0.78	Retained Earnings
Total Current Assets	- 0.76	Net Debt
Non Current Liabilities Total	- 0.75	Retained Earnings
Current Deferred Revenue	- 0.72	Net Debt