New Ebit vs Operating Income Analysis

NAM Stock

CAD 0.09 0.01 5.56%

New Age financial indicator trend analysis is infinitely more than just investigating New Age Metals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Age Metals is a good investment. Please check the relationship between New Age Ebit and its Operating Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Age Metals. 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.

Ebit vs Operating Income

Ebit vs Operating Income Correlation Analysis

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

The correlation between New Age's Ebit and Operating Income is 0.89. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Operating Income in the same time period over historical financial statements of New Age Metals, assuming nothing else is changed. The correlation between historical values of New Age's Ebit 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 Ebit of New Age Metals 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 Ebit i.e., New Age's Ebit and Operating Income go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Ebit

Operating Income

Operating Income is the amount of profit realized from New Age Metals 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 New Age Metals 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 New Age's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Age Metals 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 New Age Metals. 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.

At this time, New Age's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 10.7 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	1.4M	869.0K	782.1K	1.1M
Depreciation And Amortization	38.6K	57.9K	66.6K	34.6K

Other Operating Expenses Depreciation And Amortization

New Age fundamental ratios Correlations

	Total Assets	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	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Short Term Investments	Other Current Assets	Inventory	Net Tangible Assets	Other Assets	Long Term Investments	Intangible Assets	Common Stock
Total Assets		0.43	0.99	0.85	-0.71	-0.18	0.36	0.63	0.85	0.43	0.73	0.64	0.49	-0.23	-0.05	-0.19	0.79	0.33	0.34	0.42	0.2	0.88	0.39	-0.24	-0.24	0.73
Total Current Liabilities	0.43		0.38	0.6	-0.41	-0.34	0.99	0.1	0.58	0.58	0.22	0.75	0.01	-0.38	-0.06	0.55	0.37	0.13	-0.07	0.2	0.15	0.62	0.53	-0.93	-0.93	0.66
Total Stockholder Equity	0.99	0.38		0.85	-0.69	-0.19	0.3	0.64	0.84	0.44	0.73	0.59	0.51	-0.26	-0.06	-0.29	0.78	0.31	0.37	0.41	0.23	0.87	0.42	-0.2	-0.2	0.68
Property Plant And Equipment Net	0.85	0.6	0.85		-0.37	-0.16	0.56	0.21	1.0	0.37	0.33	0.75	0.27	-0.09	0.13	-0.04	0.44	0.08	0.42	0.06	0.29	0.83	0.31	-0.52	-0.52	0.57
Net Debt	-0.71	-0.41	-0.69	-0.37		0.25	-0.33	-0.95	-0.36	-0.59	-0.97	-0.48	-0.55	0.53	0.35	0.0	-0.99	-0.52	0.12	-0.79	0.04	-0.74	-0.57	0.29	0.29	-0.71
Retained Earnings	-0.18	-0.34	-0.19	-0.16	0.25		-0.32	-0.17	-0.14	-0.67	-0.18	-0.38	-0.56	0.64	-0.04	0.03	-0.24	0.41	0.38	-0.36	-0.8	-0.04	-0.59	0.25	0.25	-0.53
Accounts Payable	0.36	0.99	0.3	0.56	-0.33	-0.32		0.01	0.55	0.56	0.12	0.76	-0.01	-0.36	-0.09	0.58	0.28	0.01	-0.15	0.12	0.11	0.58	0.51	-0.94	-0.94	0.64
Cash	0.63	0.1	0.64	0.21	-0.95	-0.17	0.01		0.2	0.46	0.98	0.26	0.62	-0.46	-0.36	-0.21	0.95	0.53	-0.09	0.78	-0.07	0.59	0.45	0.01	0.01	0.54
Non Current Assets Total	0.85	0.58	0.84	1.0	-0.36	-0.14	0.55	0.2		0.34	0.32	0.73	0.25	-0.06	0.15	-0.05	0.43	0.08	0.44	0.05	0.28	0.83	0.29	-0.51	-0.51	0.55
Non Currrent Assets Other	0.43	0.58	0.44	0.37	-0.59	-0.67	0.56	0.46	0.34		0.47	0.57	0.69	-0.89	-0.58	-0.03	0.55	-0.07	-0.46	0.5	0.27	0.53	0.91	-0.48	-0.48	0.76
Cash And Short Term Investments	0.73	0.22	0.73	0.33	-0.97	-0.18	0.12	0.98	0.32	0.47		0.33	0.57	-0.45	-0.3	-0.17	0.99	0.57	0.01	0.78	-0.02	0.67	0.47	-0.07	-0.07	0.62
Net Receivables	0.64	0.75	0.59	0.75	-0.48	-0.38	0.76	0.26	0.73	0.57	0.33		0.46	-0.34	-0.09	0.39	0.48	-0.07	-0.18	0.13	0.15	0.76	0.46	-0.69	-0.69	0.81
Common Stock Shares Outstanding	0.49	0.01	0.51	0.27	-0.55	-0.56	-0.01	0.62	0.25	0.69	0.57	0.46		-0.66	-0.46	-0.32	0.57	-0.1	-0.39	0.41	0.24	0.39	0.59	0.09	0.09	0.62
Non Current Liabilities Total	-0.23	-0.38	-0.26	-0.09	0.53	0.64	-0.36	-0.46	-0.06	-0.89	-0.45	-0.34	-0.66		0.58	0.2	-0.47	0.05	0.52	-0.46	-0.22	-0.32	-0.96	0.28	0.28	-0.59
Other Stockholder Equity	-0.05	-0.06	-0.06	0.13	0.35	-0.04	-0.09	-0.36	0.15	-0.58	-0.3	-0.09	-0.46	0.58		0.08	-0.29	-0.14	0.53	-0.3	0.48	-0.24	-0.52	0.0	0.0	-0.32
Total Liab	-0.19	0.55	-0.29	-0.04	0.0	0.03	0.58	-0.21	-0.05	-0.03	-0.17	0.39	-0.32	0.2	0.08		-0.07	0.07	-0.34	-0.03	-0.26	0.03	-0.2	-0.59	-0.59	0.23
Total Current Assets	0.79	0.37	0.78	0.44	-0.99	-0.24	0.28	0.95	0.43	0.55	0.99	0.48	0.57	-0.47	-0.29	-0.07		0.54	-0.01	0.76	0.02	0.76	0.52	-0.21	-0.21	0.72
Other Current Liab	0.33	0.13	0.31	0.08	-0.52	0.41	0.01	0.53	0.08	-0.07	0.57	-0.07	-0.1	0.05	-0.14	0.07	0.54		0.39	0.36	-0.41	0.34	0.0	-0.02	-0.02	0.09
Short Term Investments	0.34	-0.07	0.37	0.42	0.12	0.38	-0.15	-0.09	0.44	-0.46	0.01	-0.18	-0.39	0.52	0.53	-0.34	-0.01	0.39		-0.25	0.17	0.14	-0.35	0.13	0.13	-0.31
Other Current Assets	0.42	0.2	0.41	0.06	-0.79	-0.36	0.12	0.78	0.05	0.5	0.78	0.13	0.41	-0.46	-0.3	-0.03	0.76	0.36	-0.25		0.1	0.39	0.42	-0.09	-0.09	0.53
Inventory	0.2	0.15	0.23	0.29	0.04	-0.8	0.11	-0.07	0.28	0.27	-0.02	0.15	0.24	-0.22	0.48	-0.26	0.02	-0.41	0.17	0.1		-0.09	0.24	-0.08	-0.08	0.17
Net Tangible Assets	0.88	0.62	0.87	0.83	-0.74	-0.04	0.58	0.59	0.83	0.53	0.67	0.76	0.39	-0.32	-0.24	0.03	0.76	0.34	0.14	0.39	-0.09		0.5	-0.54	-0.54	0.73
Other Assets	0.39	0.53	0.42	0.31	-0.57	-0.59	0.51	0.45	0.29	0.91	0.47	0.46	0.59	-0.96	-0.52	-0.2	0.52	0.0	-0.35	0.42	0.24	0.5		-0.43	-0.43	0.64
Long Term Investments	-0.24	-0.93	-0.2	-0.52	0.29	0.25	-0.94	0.01	-0.51	-0.48	-0.07	-0.69	0.09	0.28	0.0	-0.59	-0.21	-0.02	0.13	-0.09	-0.08	-0.54	-0.43		1.0	-0.46
Intangible Assets	-0.24	-0.93	-0.2	-0.52	0.29	0.25	-0.94	0.01	-0.51	-0.48	-0.07	-0.69	0.09	0.28	0.0	-0.59	-0.21	-0.02	0.13	-0.09	-0.08	-0.54	-0.43	1.0		-0.46
Common Stock	0.73	0.66	0.68	0.57	-0.71	-0.53	0.64	0.54	0.55	0.76	0.62	0.81	0.62	-0.59	-0.32	0.23	0.72	0.09	-0.31	0.53	0.17	0.73	0.64	-0.46	-0.46

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New Age Account Relationship Matchups

New Age fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.7M	12.9M	15.1M	14.6M	15.4M	9.4M
Total Current Liabilities	101.5K	337.4K	283.2K	289.0K	1.8M	1.9M
Total Stockholder Equity	4.6M	12.5M	14.8M	14.2M	13.6M	8.7M
Property Plant And Equipment Net	2.7M	3.3M	6.9M	9.2M	9.7M	10.2M
Net Debt	(1.8M)	(8.6M)	(7.2M)	(4.1M)	(4.7M)	(5.0M)
Retained Earnings	(47.5M)	(48.3M)	(49.5M)	(50.1M)	(50.8M)	(48.2M)
Accounts Payable	46.0K	45.6K	222.4K	118.1K	1.6M	1.7M
Cash	1.8M	8.6M	7.2M	4.3M	2.3M	2.7M
Non Current Assets Total	2.7M	3.3M	6.9M	9.2M	9.7M	10.2M
Cash And Short Term Investments	1.9M	8.9M	7.3M	4.5M	4.0M	3.2M
Net Receivables	63.9K	100.2K	762.9K	796.8K	916.3K	962.1K
Common Stock Shares Outstanding	103.2M	111.0M	209.0M	222.1M	55.6M	48.0M
Liabilities And Stockholders Equity	4.7M	12.9M	15.1M	14.6M	16.8M	9.1M
Other Stockholder Equity	14.5M	17.1M	18.2M	18.2M	20.9M	25.0M
Total Liab	113.3K	337.4K	283.2K	404.0K	1.9M	2.0M
Total Current Assets	2.1M	9.6M	8.2M	5.4M	5.8M	4.8M
Other Current Liab	21.9K	263.0K	60.9K	141.6K	127.4K	121.0K
Short Term Investments	109.4K	237.2K	134.9K	222.5K	231.8K	220.2K
Other Current Assets	61.7K	570.5K	136.8K	133.6K	153.6K	115.6K
Accumulated Other Comprehensive Income	14.5M	17.1M	18.2M	18.2M	20.9M	22.0M
Net Tangible Assets	4.6M	12.5M	14.8M	14.2M	16.4M	17.2M
Common Stock	37.7M	43.7M	46.1M	46.1M	53.0M	42.5M
Property Plant Equipment	2.7M	3.3M	6.9M	9.2M	10.6M	11.1M
Net Invested Capital	4.6M	12.5M	14.8M	14.2M	13.6M	9.5M
Net Working Capital	2.0M	9.2M	7.9M	5.1M	4.0M	4.6M
Capital Stock	37.7M	43.7M	46.1M	46.1M	46.1M	47.0M

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