Nkarta Operating Income vs Gross Profit Analysis

NKTX Stock

USD 2.45 0.01 0.41%

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

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

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

The correlation between Nkarta's Operating Income and Gross Profit is 0.97. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Nkarta Inc, assuming nothing else is changed. The correlation between historical values of Nkarta's Operating Income 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 Operating Income of Nkarta Inc 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 Operating Income i.e., Nkarta's Operating Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Nkarta Inc 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 Nkarta Inc 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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Nkarta Inc minus its cost of goods sold. It is profit before Nkarta 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 Nkarta's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nkarta Inc 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 Nkarta Inc. 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.

Sales General And Administrative To Revenue is likely to rise to 42.97 in 2024, whereas Selling General Administrative is likely to drop slightly above 19 M in 2024.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	1.8M	2.6M	5.9M	6.2M
Interest Income	370K	5.6M	13.5M	14.2M

Depreciation And Amortization Interest Income

Nkarta fundamental ratios Correlations

	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	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Total Current Assets
Total Assets		0.96	0.9	0.99	-0.94	0.95	0.83	0.27	-0.88	0.71	0.77	0.85	0.96	0.88	0.99	0.6	0.93	0.92	0.65	0.94	-0.86	0.94	0.99	0.72	0.99	0.99
Other Current Liab	0.96		0.88	0.93	-0.91	0.89	0.84	0.42	-0.87	0.66	0.6	0.87	0.96	0.71	0.93	0.56	0.89	0.87	0.71	0.9	-0.79	0.96	0.95	0.76	0.93	0.93
Total Current Liabilities	0.9	0.88		0.82	-0.91	0.88	0.91	0.53	-0.93	0.87	0.51	0.91	0.89	0.68	0.83	0.43	0.91	0.95	0.86	0.91	-0.82	0.81	0.93	0.91	0.82	0.83
Total Stockholder Equity	0.99	0.93	0.82		-0.91	0.94	0.76	0.16	-0.83	0.63	0.83	0.78	0.95	0.91	1.0	0.61	0.9	0.86	0.53	0.91	-0.82	0.94	0.97	0.6	1.0	1.0
Other Liab	-0.94	-0.91	-0.91	-0.91		-0.94	-0.84	-0.3	0.92	-0.83	-0.75	-0.86	-0.96	-0.8	-0.93	-0.61	-0.94	-0.96	-0.68	-0.95	0.93	-0.93	-0.94	-0.74	-0.91	-0.93
Net Tangible Assets	0.95	0.89	0.88	0.94	-0.94		0.9	0.37	-0.95	0.83	0.74	0.91	0.92	0.86	0.93	0.4	0.99	0.88	0.6	0.99	-0.8	0.87	0.96	0.67	0.94	0.94
Property Plant And Equipment Net	0.83	0.84	0.91	0.76	-0.84	0.9		0.73	-0.97	0.91	0.4	1.0	0.8	0.59	0.75	0.19	0.95	0.83	0.81	0.94	-0.67	0.74	0.85	0.85	0.76	0.76
Net Debt	0.27	0.42	0.53	0.16	-0.3	0.37	0.73		-0.6	0.6	-0.32	0.71	0.28	-0.1	0.14	-0.34	0.5	0.32	0.7	0.46	-0.09	0.23	0.34	0.68	0.16	0.15
Retained Earnings	-0.88	-0.87	-0.93	-0.83	0.92	-0.95	-0.97	-0.6		-0.91	-0.54	-0.98	-0.89	-0.68	-0.82	-0.27	-0.99	-0.88	-0.73	-0.98	0.75	-0.82	-0.92	-0.79	-0.83	-0.83
Accounts Payable	0.71	0.66	0.87	0.63	-0.83	0.83	0.91	0.6	-0.91		0.45	0.9	0.69	0.59	0.65	0.22	0.88	0.85	0.79	0.87	-0.75	0.59	0.74	0.82	0.63	0.66
Cash	0.77	0.6	0.51	0.83	-0.75	0.74	0.4	-0.32	-0.54	0.45		0.43	0.71	0.94	0.85	0.71	0.65	0.69	0.17	0.67	-0.8	0.71	0.7	0.24	0.83	0.85
Non Current Assets Total	0.85	0.87	0.91	0.78	-0.86	0.91	1.0	0.71	-0.98	0.9	0.43		0.83	0.61	0.78	0.22	0.96	0.84	0.8	0.95	-0.69	0.77	0.87	0.84	0.78	0.78
Non Currrent Assets Other	0.96	0.96	0.89	0.95	-0.96	0.92	0.8	0.28	-0.89	0.69	0.71	0.83		0.78	0.95	0.59	0.91	0.89	0.61	0.92	-0.84	0.98	0.97	0.68	0.95	0.95
Other Assets	0.88	0.71	0.68	0.91	-0.8	0.86	0.59	-0.1	-0.68	0.59	0.94	0.61	0.78		0.92	0.6	0.78	0.79	0.37	0.79	-0.8	0.74	0.84	0.44	0.91	0.92
Cash And Short Term Investments	0.99	0.93	0.83	1.0	-0.93	0.93	0.75	0.14	-0.82	0.65	0.85	0.78	0.95	0.92		0.66	0.89	0.89	0.56	0.91	-0.87	0.94	0.96	0.62	1.0	1.0
Net Receivables	0.6	0.56	0.43	0.61	-0.61	0.4	0.19	-0.34	-0.27	0.22	0.71	0.22	0.59	0.6	0.66		0.35	0.65	0.36	0.37	-0.8	0.63	0.51	0.38	0.61	0.66
Common Stock Total Equity	0.93	0.89	0.91	0.9	-0.94	0.99	0.95	0.5	-0.99	0.88	0.65	0.96	0.91	0.78	0.89	0.35		0.89	0.68	1.0	-0.78	0.86	0.95	0.74	0.9	0.9
Common Stock Shares Outstanding	0.92	0.87	0.95	0.86	-0.96	0.88	0.83	0.32	-0.88	0.85	0.69	0.84	0.89	0.79	0.89	0.65	0.89		0.81	0.89	-0.96	0.84	0.91	0.85	0.86	0.89
Non Current Liabilities Total	0.65	0.71	0.86	0.53	-0.68	0.6	0.81	0.7	-0.73	0.79	0.17	0.8	0.61	0.37	0.56	0.36	0.68	0.81		0.66	-0.67	0.54	0.66	0.99	0.53	0.56
Capital Surpluse	0.94	0.9	0.91	0.91	-0.95	0.99	0.94	0.46	-0.98	0.87	0.67	0.95	0.92	0.79	0.91	0.37	1.0	0.89	0.66		-0.79	0.88	0.95	0.73	0.91	0.91
Inventory	-0.86	-0.79	-0.82	-0.82	0.93	-0.8	-0.67	-0.09	0.75	-0.75	-0.8	-0.69	-0.84	-0.8	-0.87	-0.8	-0.78	-0.96	-0.67	-0.79		-0.81	-0.82	-0.72	-0.82	-0.87
Other Current Assets	0.94	0.96	0.81	0.94	-0.93	0.87	0.74	0.23	-0.82	0.59	0.71	0.77	0.98	0.74	0.94	0.63	0.86	0.84	0.54	0.88	-0.81		0.93	0.61	0.94	0.94
Other Stockholder Equity	0.99	0.95	0.93	0.97	-0.94	0.96	0.85	0.34	-0.92	0.74	0.7	0.87	0.97	0.84	0.96	0.51	0.95	0.91	0.66	0.95	-0.82	0.93		0.73	0.97	0.96
Total Liab	0.72	0.76	0.91	0.6	-0.74	0.67	0.85	0.68	-0.79	0.82	0.24	0.84	0.68	0.44	0.62	0.38	0.74	0.85	0.99	0.73	-0.72	0.61	0.73		0.6	0.63
Net Invested Capital	0.99	0.93	0.82	1.0	-0.91	0.94	0.76	0.16	-0.83	0.63	0.83	0.78	0.95	0.91	1.0	0.61	0.9	0.86	0.53	0.91	-0.82	0.94	0.97	0.6		1.0
Total Current Assets	0.99	0.93	0.83	1.0	-0.93	0.94	0.76	0.15	-0.83	0.66	0.85	0.78	0.95	0.92	1.0	0.66	0.9	0.89	0.56	0.91	-0.87	0.94	0.96	0.63	1.0

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Nkarta Account Relationship Matchups

Nkarta fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	48.4M	337.7M	273.9M	472.9M	378.9M	278.9M
Other Current Liab	2.1M	4.9M	6.9M	11.8M	7.5M	6.4M
Total Current Liabilities	8.2M	7.5M	10.5M	17.8M	23.3M	12.7M
Total Stockholder Equity	(25.5M)	321.2M	251.0M	372.2M	273.3M	217.6M
Net Tangible Assets	(25.5M)	321.2M	251.0M	372.2M	428.0M	449.4M
Property Plant And Equipment Net	10.2M	17.9M	24.5M	107.7M	119.3M	125.2M
Net Debt	(13.3M)	(87.8M)	(48.4M)	49.7M	57.3M	60.2M
Retained Earnings	(26.7M)	(118.0M)	(204.1M)	(317.9M)	(435.4M)	(413.7M)
Accounts Payable	1.9M	1.2M	1.1M	1.8M	3.7M	3.8M
Cash	20.6M	96.7M	60.8M	37.5M	31.0M	46.7M
Non Current Assets Total	10.9M	22.3M	33.7M	118.1M	125.8M	132.1M
Non Currrent Assets Other	455.1K	4.1M	7.1M	7.7M	6.5M	4.7M
Other Assets	723K	9.5M	3.6M	4.6M	5.3M	4.1M
Cash And Short Term Investments	37.0M	315.3M	240.2M	354.9M	248.2M	220.6M
Common Stock Shares Outstanding	32.5M	31.8M	32.9M	43.6M	49.0M	35.7M
Short Term Investments	16.4M	218.2M	177.3M	314.6M	217.1M	173.0M
Liabilities And Stockholders Equity	48.4M	337.7M	273.9M	472.9M	378.9M	278.9M
Non Current Liabilities Total	65.7M	8.9M	12.5M	82.9M	82.3M	48.6M
Capital Surpluse	1.2M	439.2M	455.2M	690.8M	794.4M	834.2M
Capital Lease Obligations	7.3M	8.9M	12.5M	82.9M	88.3M	92.8M
Other Current Assets	66.5K	3.9M	7.7M	8.5M	4.9M	4.6M
Other Stockholder Equity	1.1M	439.2M	455.2M	690.8M	708.7M	420.8M
Total Liab	73.9M	16.4M	22.9M	100.7M	105.6M	61.3M
Net Invested Capital	(25.5M)	321.2M	251.0M	372.2M	273.3M	217.6M
Total Current Assets	37.5M	315.3M	240.2M	354.9M	253.1M	221.7M
Accumulated Other Comprehensive Income	(2.1K)	3K	(150K)	(679K)	8K	8.4K
Non Current Liabilities Other	89.2K	82K	10.0M	78.7M	90.5M	95.0M
Net Working Capital	29.3M	310.0M	229.7M	338.6M	229.7M	209.6M
Property Plant Equipment	10.2M	17.9M	12.9M	61.9M	71.2M	74.8M

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Nkarta Operating Income vs Gross Profit Analysis

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

Correlation Coefficient

Operating Income

Gross Profit

Nkarta fundamental ratios Correlations

Nkarta Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Nkarta fundamental ratios Accounts

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Additional Tools for Nkarta Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Total Stockholder Equity
Net Invested Capital	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Net Invested Capital	+ 1.0	Cash And Short Term Investments
Total Current Assets	+ 1.0	Cash And Short Term Investments

Common Stock Total Equity	- 0.99	Retained Earnings
Capital Surpluse	- 0.98	Retained Earnings
Non Current Assets Total	- 0.98	Retained Earnings
Retained Earnings	- 0.97	Property Plant And Equipment Net
Inventory	- 0.96	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.96	Other Liab