LiCycle Ebit vs Gross Profit Analysis

LICY Stock

USD 2.15 0.07 3.37%

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

Ebit vs Gross Profit

Ebit vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of LiCycle Holdings Corp Ebit account and Gross Profit. At this time, the significance of the direction appears to have very strong relationship.

The correlation between LiCycle Holdings' Ebit and Gross Profit is 0.88. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Gross Profit in the same time period over historical financial statements of LiCycle Holdings Corp, assuming nothing else is changed. The correlation between historical values of LiCycle Holdings' Ebit and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of LiCycle Holdings Corp are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Ebit i.e., LiCycle Holdings' Ebit and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Ebit

Gross Profit

Gross profit is a required income statement account that reflects total revenue of LiCycle Holdings Corp minus its cost of goods sold. It is profit before LiCycle Holdings 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.

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

At this time, LiCycle Holdings' Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 105 K in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	2.9M	10.1M	8.9M	5.1M
Cost Of Revenue	3.1M	16.6M	83.9M	88.1M

Reconciled Depreciation Cost Of Revenue

LiCycle Holdings fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	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	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Current Deferred Revenue
Common Stock Shares Outstanding		-0.2	0.21	0.21	-0.39	-0.97	-0.19	0.23	0.86	0.29	0.21	-0.93	0.24	0.03	-0.92	-0.79	-0.04	0.21	0.02	0.18	0.03	-0.82	-0.26	0.13	0.08	0.3
Total Assets	-0.2		-0.66	0.87	0.98	0.35	0.95	0.86	0.27	-0.97	0.86	0.51	0.85	0.21	0.54	0.7	0.94	0.86	0.71	0.88	0.92	0.68	0.95	0.89	0.91	-0.96
Other Current Liab	0.21	-0.66		-0.62	-0.65	-0.24	-0.67	-0.62	-0.2	0.69	-0.63	-0.35	-0.61	0.57	-0.37	-0.59	-0.67	-0.62	-0.49	-0.64	-0.66	-0.48	-0.68	-0.65	-0.65	0.67
Total Current Liabilities	0.21	0.87	-0.62		0.78	-0.06	0.92	1.0	0.64	-0.86	1.0	0.12	1.0	0.18	0.16	0.35	0.97	1.0	0.69	1.0	0.98	0.37	0.88	1.0	0.99	-0.86
Total Stockholder Equity	-0.39	0.98	-0.65	0.78		0.53	0.95	0.78	0.08	-0.98	0.78	0.67	0.77	0.22	0.7	0.81	0.91	0.78	0.65	0.8	0.88	0.82	0.96	0.83	0.85	-0.98
Other Liab	-0.97	0.35	-0.24	-0.06	0.53		0.34	-0.08	-0.8	-0.43	-0.06	0.98	-0.09	0.1	0.98	0.84	0.2	-0.06	0.04	-0.03	0.12	0.91	0.41	0.02	0.07	-0.44
Net Tangible Assets	-0.19	0.95	-0.67	0.92	0.95	0.34		0.91	0.29	-0.98	0.92	0.5	0.91	0.22	0.54	0.66	0.99	0.92	0.67	0.93	0.97	0.71	1.0	0.95	0.96	-0.99
Property Plant And Equipment Net	0.23	0.86	-0.62	1.0	0.78	-0.08	0.91		0.67	-0.86	1.0	0.1	1.0	0.18	0.14	0.35	0.96	1.0	0.74	1.0	0.98	0.34	0.87	0.99	0.98	-0.85
Net Debt	0.86	0.27	-0.2	0.64	0.08	-0.8	0.29	0.67		-0.2	0.64	-0.67	0.66	0.03	-0.65	-0.39	0.42	0.64	0.46	0.62	0.49	-0.47	0.21	0.58	0.53	-0.18
Retained Earnings	0.29	-0.97	0.69	-0.86	-0.98	-0.43	-0.98	-0.86	-0.2		-0.86	-0.59	-0.85	-0.2	-0.62	-0.77	-0.96	-0.86	-0.73	-0.88	-0.94	-0.76	-0.99	-0.9	-0.92	1.0
Accounts Payable	0.21	0.86	-0.63	1.0	0.78	-0.06	0.92	1.0	0.64	-0.86		0.12	1.0	0.18	0.16	0.35	0.97	1.0	0.69	1.0	0.98	0.37	0.88	1.0	0.99	-0.86
Cash	-0.93	0.51	-0.35	0.12	0.67	0.98	0.5	0.1	-0.67	-0.59	0.12		0.09	0.14	1.0	0.91	0.37	0.12	0.18	0.15	0.3	0.97	0.57	0.2	0.25	-0.6
Non Current Assets Total	0.24	0.85	-0.61	1.0	0.77	-0.09	0.91	1.0	0.66	-0.85	1.0	0.09		0.18	0.13	0.33	0.96	1.0	0.69	1.0	0.98	0.34	0.87	0.99	0.99	-0.85
Non Currrent Assets Other	0.03	0.21	0.57	0.18	0.22	0.1	0.22	0.18	0.03	-0.2	0.18	0.14	0.18		0.15	0.02	0.21	0.19	0.16	0.17	0.2	0.18	0.22	0.18	0.21	-0.22
Cash And Short Term Investments	-0.92	0.54	-0.37	0.16	0.7	0.98	0.54	0.14	-0.65	-0.62	0.16	1.0	0.13	0.15		0.91	0.41	0.16	0.19	0.19	0.34	0.98	0.6	0.24	0.29	-0.63
Net Receivables	-0.79	0.7	-0.59	0.35	0.81	0.84	0.66	0.35	-0.39	-0.77	0.35	0.91	0.33	0.02	0.91		0.56	0.35	0.55	0.38	0.5	0.92	0.71	0.42	0.46	-0.76
Non Current Liabilities Total	-0.04	0.94	-0.67	0.97	0.91	0.2	0.99	0.96	0.42	-0.96	0.97	0.37	0.96	0.21	0.41	0.56		0.97	0.69	0.97	1.0	0.6	0.98	0.98	0.99	-0.96
Inventory	0.21	0.86	-0.62	1.0	0.78	-0.06	0.92	1.0	0.64	-0.86	1.0	0.12	1.0	0.19	0.16	0.35	0.97		0.69	1.0	0.98	0.37	0.88	1.0	0.99	-0.86
Other Current Assets	0.02	0.71	-0.49	0.69	0.65	0.04	0.67	0.74	0.46	-0.73	0.69	0.18	0.69	0.16	0.19	0.55	0.69	0.69		0.7	0.7	0.32	0.65	0.7	0.7	-0.69
Other Stockholder Equity	0.18	0.88	-0.64	1.0	0.8	-0.03	0.93	1.0	0.62	-0.88	1.0	0.15	1.0	0.17	0.19	0.38	0.97	1.0	0.7		0.99	0.4	0.9	1.0	0.99	-0.88
Total Liab	0.03	0.92	-0.66	0.98	0.88	0.12	0.97	0.98	0.49	-0.94	0.98	0.3	0.98	0.2	0.34	0.5	1.0	0.98	0.7	0.99		0.53	0.95	0.99	1.0	-0.94
Total Current Assets	-0.82	0.68	-0.48	0.37	0.82	0.91	0.71	0.34	-0.47	-0.76	0.37	0.97	0.34	0.18	0.98	0.92	0.6	0.37	0.32	0.4	0.53		0.76	0.44	0.49	-0.78
Common Stock	-0.26	0.95	-0.68	0.88	0.96	0.41	1.0	0.87	0.21	-0.99	0.88	0.57	0.87	0.22	0.6	0.71	0.98	0.88	0.65	0.9	0.95	0.76		0.92	0.94	-1.0
Property Plant Equipment	0.13	0.89	-0.65	1.0	0.83	0.02	0.95	0.99	0.58	-0.9	1.0	0.2	0.99	0.18	0.24	0.42	0.98	1.0	0.7	1.0	0.99	0.44	0.92		1.0	-0.9
Short Long Term Debt Total	0.08	0.91	-0.65	0.99	0.85	0.07	0.96	0.98	0.53	-0.92	0.99	0.25	0.99	0.21	0.29	0.46	0.99	0.99	0.7	0.99	1.0	0.49	0.94	1.0		-0.92
Current Deferred Revenue	0.3	-0.96	0.67	-0.86	-0.98	-0.44	-0.99	-0.85	-0.18	1.0	-0.86	-0.6	-0.85	-0.22	-0.63	-0.76	-0.96	-0.86	-0.69	-0.88	-0.94	-0.78	-1.0	-0.9	-0.92

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LiCycle Holdings Account Relationship Matchups

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Additional Tools for LiCycle Stock Analysis

When running LiCycle Holdings' price analysis, check to measure LiCycle Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy LiCycle Holdings is operating at the current time. Most of LiCycle Holdings' value examination focuses on studying past and present price action to predict the probability of LiCycle Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LiCycle Holdings' price. Additionally, you may evaluate how the addition of LiCycle Holdings to your portfolios can decrease your overall portfolio volatility.

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LiCycle Ebit vs Gross Profit Analysis

Ebit vs Gross Profit

Ebit vs Gross Profit Correlation Analysis

Correlation Coefficient

Ebit

Gross Profit

LiCycle Holdings fundamental ratios Correlations

LiCycle Holdings Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for LiCycle Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Current Liabilities
Accounts Payable	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Total Current Liabilities
Inventory	+ 1.0	Total Current Liabilities
Other Stockholder Equity	+ 1.0	Total Current Liabilities
Property Plant Equipment	+ 1.0	Total Current Liabilities

Current Deferred Revenue	- 1.0	Common Stock
Common Stock	- 0.99	Retained Earnings
Current Deferred Revenue	- 0.99	Net Tangible Assets
Retained Earnings	- 0.98	Net Tangible Assets
Current Deferred Revenue	- 0.98	Total Stockholder Equity
Retained Earnings	- 0.98	Total Stockholder Equity