North Cost Of Revenue vs Operating Income Analysis

NOA Stock

CAD 28.58 0.58 2.07%

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

Cost Of Revenue vs Operating Income

Cost Of Revenue vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of North American Const Cost Of Revenue account and Operating Income. At this time, the significance of the direction appears to have almost no relationship.

The correlation between North American's Cost Of Revenue and Operating Income is 0.16. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Operating Income in the same time period over historical financial statements of North American Construction, assuming nothing else is changed. The correlation between historical values of North American's Cost Of 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 Cost Of Revenue of North American Construction 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 Cost Of Revenue i.e., North American's Cost Of Revenue and Operating Income go up and down completely randomly.

Correlation Coefficient

0.16

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Cost Of Revenue

Cost of Revenue is found on North American Const income statement and represents the costs associated with goods and services North American provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Operating Income

Operating Income is the amount of profit realized from North American Const 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 North American Construction 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 North American's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into North American Const 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 North American Construction. 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, North American's Tax Provision is very stable compared to the past year. As of the 1st of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.08, while Selling General Administrative is likely to drop about 32.3 M.

	2021	2022	2023	2024 (projected)
Total Revenue	654.1M	769.5M	957.2M	605.0M
Interest Expense	18.0M	23.5M	36.9M	28.0M

Total Revenue Interest Expense

North American fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Assets	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.88	-0.66	0.39	-0.51	0.99	0.93	0.41	0.92	0.96	-0.19	0.92	0.72	0.63	0.73	0.94	0.04	0.73	0.23	-0.41	0.41	0.94	0.93	0.0	0.95	0.44
Total Stockholder Equity	0.88		-0.79	0.39	-0.44	0.81	0.71	0.22	0.67	0.88	-0.47	0.67	0.74	0.37	0.73	0.83	0.2	0.73	-0.07	-0.61	0.47	0.73	0.9	-0.15	0.91	0.17
Other Assets	-0.66	-0.79		-0.37	0.01	-0.59	-0.41	-0.1	-0.48	-0.61	0.46	-0.4	-0.3	-0.31	-0.34	-0.5	-0.07	-0.34	0.01	0.89	-0.57	-0.4	-0.61	0.07	-0.62	-0.13
Common Stock Shares Outstanding	0.39	0.39	-0.37		-0.54	0.37	0.15	0.5	0.48	0.18	0.1	0.18	-0.11	0.51	-0.07	0.12	-0.35	-0.07	0.58	-0.51	0.86	0.16	0.24	0.39	0.19	0.59
Other Stockholder Equity	-0.51	-0.44	0.01	-0.54		-0.51	-0.45	-0.64	-0.63	-0.39	-0.26	-0.42	-0.5	-0.56	-0.52	-0.45	0.12	-0.52	-0.47	-0.15	-0.4	-0.51	-0.55	-0.17	-0.49	-0.62
Total Liab	0.99	0.81	-0.59	0.37	-0.51		0.95	0.45	0.95	0.94	-0.11	0.94	0.68	0.67	0.7	0.93	-0.01	0.7	0.3	-0.34	0.38	0.95	0.9	0.05	0.92	0.49
Short Long Term Debt Total	0.93	0.71	-0.41	0.15	-0.45	0.95		0.4	0.85	0.94	-0.11	0.99	0.78	0.56	0.76	0.96	0.04	0.76	0.14	-0.11	0.09	0.99	0.88	-0.01	0.91	0.38
Other Current Liab	0.41	0.22	-0.1	0.5	-0.64	0.45	0.4		0.59	0.23	0.22	0.43	0.17	0.62	0.15	0.25	-0.66	0.15	0.58	0.07	0.39	0.4	0.38	0.68	0.31	0.92
Total Current Liabilities	0.92	0.67	-0.48	0.48	-0.63	0.95	0.85	0.59		0.8	0.13	0.86	0.54	0.81	0.58	0.81	-0.11	0.58	0.55	-0.24	0.46	0.87	0.81	0.14	0.8	0.67
Property Plant And Equipment Net	0.96	0.88	-0.61	0.18	-0.39	0.94	0.94	0.23	0.8		-0.32	0.92	0.83	0.46	0.81	0.99	0.19	0.81	-0.01	-0.34	0.2	0.95	0.95	-0.16	0.98	0.21
Current Deferred Revenue	-0.19	-0.47	0.46	0.1	-0.26	-0.11	-0.11	0.22	0.13	-0.32		-0.08	-0.32	0.48	-0.27	-0.23	0.01	-0.27	0.76	0.48	-0.03	-0.1	-0.26	-0.03	-0.31	0.41
Net Debt	0.92	0.67	-0.4	0.18	-0.42	0.94	0.99	0.43	0.86	0.92	-0.08		0.72	0.59	0.68	0.94	0.0	0.68	0.19	-0.12	0.1	0.98	0.86	0.03	0.88	0.41
Retained Earnings	0.72	0.74	-0.3	-0.11	-0.5	0.68	0.78	0.17	0.54	0.83	-0.32	0.72		0.23	0.9	0.88	0.35	0.9	-0.25	0.03	-0.15	0.8	0.88	-0.32	0.88	0.01
Accounts Payable	0.63	0.37	-0.31	0.51	-0.56	0.67	0.56	0.62	0.81	0.46	0.48	0.59	0.23		0.23	0.49	-0.03	0.23	0.82	-0.16	0.44	0.57	0.53	0.04	0.48	0.79
Cash	0.73	0.73	-0.34	-0.07	-0.52	0.7	0.76	0.15	0.58	0.81	-0.27	0.68	0.9	0.23		0.84	0.26	1.0	-0.18	-0.02	0.0	0.79	0.81	-0.24	0.84	0.09
Non Current Assets Total	0.94	0.83	-0.5	0.12	-0.45	0.93	0.96	0.25	0.81	0.99	-0.23	0.94	0.88	0.49	0.84		0.22	0.84	0.02	-0.2	0.11	0.97	0.95	-0.19	0.97	0.23
Non Currrent Assets Other	0.04	0.2	-0.07	-0.35	0.12	-0.01	0.04	-0.66	-0.11	0.19	0.01	0.0	0.35	-0.03	0.26	0.22		0.26	-0.25	-0.05	-0.32	0.05	0.19	-0.99	0.19	-0.58
Cash And Short Term Investments	0.73	0.73	-0.34	-0.07	-0.52	0.7	0.76	0.15	0.58	0.81	-0.27	0.68	0.9	0.23	1.0	0.84	0.26		-0.18	-0.02	0.0	0.79	0.81	-0.24	0.84	0.09
Net Receivables	0.23	-0.07	0.01	0.58	-0.47	0.3	0.14	0.58	0.55	-0.01	0.76	0.19	-0.25	0.82	-0.18	0.02	-0.25	-0.18		0.01	0.49	0.16	0.06	0.26	0.0	0.8
Good Will	-0.41	-0.61	0.89	-0.51	-0.15	-0.34	-0.11	0.07	-0.24	-0.34	0.48	-0.12	0.03	-0.16	-0.02	-0.2	-0.05	-0.02	0.01		-0.7	-0.09	-0.29	0.03	-0.31	-0.03
Common Stock Total Equity	0.41	0.47	-0.57	0.86	-0.4	0.38	0.09	0.39	0.46	0.2	-0.03	0.1	-0.15	0.44	0.0	0.11	-0.32	0.0	0.49	-0.7		0.12	0.22	0.35	0.21	0.55
Non Current Liabilities Total	0.94	0.73	-0.4	0.16	-0.51	0.95	0.99	0.4	0.87	0.95	-0.1	0.98	0.8	0.57	0.79	0.97	0.05	0.79	0.16	-0.09	0.12		0.9	-0.02	0.92	0.39
Inventory	0.93	0.9	-0.61	0.24	-0.55	0.9	0.88	0.38	0.81	0.95	-0.26	0.86	0.88	0.53	0.81	0.95	0.19	0.81	0.06	-0.29	0.22	0.9		-0.15	0.99	0.3
Other Current Assets	0.0	-0.15	0.07	0.39	-0.17	0.05	-0.01	0.68	0.14	-0.16	-0.03	0.03	-0.32	0.04	-0.24	-0.19	-0.99	-0.24	0.26	0.03	0.35	-0.02	-0.15		-0.16	0.6
Property Plant And Equipment Gross	0.95	0.91	-0.62	0.19	-0.49	0.92	0.91	0.31	0.8	0.98	-0.31	0.88	0.88	0.48	0.84	0.97	0.19	0.84	0.0	-0.31	0.21	0.92	0.99	-0.16		0.25
Total Current Assets	0.44	0.17	-0.13	0.59	-0.62	0.49	0.38	0.92	0.67	0.21	0.41	0.41	0.01	0.79	0.09	0.23	-0.58	0.09	0.8	-0.03	0.55	0.39	0.3	0.6	0.25

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North American Account Relationship Matchups

North American fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	792.7M	838.9M	869.3M	979.5M	1.5B	1.6B
Total Stockholder Equity	180.1M	248.4M	278.5M	305.9M	356.7M	374.5M
Other Assets	22.4M	23.0M	6M	3.2M	2.9M	2.7M
Common Stock Shares Outstanding	32.8M	32.3M	33.9M	34.0M	33.0M	34.6M
Liabilities And Stockholders Equity	792.7M	838.9M	869.3M	979.5M	1.5B	1.6B
Other Stockholder Equity	34.0M	28.5M	19.7M	5.7M	4.6M	4.3M
Total Liab	612.5M	590.5M	590.8M	673.6M	1.2B	1.2B
Short Long Term Debt Total	432.1M	446.2M	395.2M	435.4M	717.1M	752.9M
Other Current Liab	17.2M	19.3M	44.8M	58.2M	56.8M	31.7M
Total Current Liabilities	157.3M	109.2M	161.0M	192.3M	324.0M	340.2M
Property Plant And Equipment Net	609.6M	651.9M	655.7M	660.5M	1.2B	1.2B
Current Deferred Revenue	23K	1.5M	3.3M	1.4M	59K	56.1K
Net Debt	426.6M	402.3M	378.6M	366.2M	628.4M	659.9M
Retained Earnings	(79.9M)	(35.2M)	11.9M	70.5M	123.0M	129.2M
Accounts Payable	88.2M	41.4M	76.3M	102.5M	146.2M	79.9M
Cash	5.5M	43.9M	16.6M	69.1M	88.6M	93.0M
Non Current Assets Total	675.3M	719.0M	722.1M	749.2M	1.3B	1.3B
Non Currrent Assets Other	7.1M	6.2M	6M	5.3M	6.6M	6.9M
Cash And Short Term Investments	5.5M	43.9M	16.6M	69.1M	88.6M	93.0M
Net Receivables	85.9M	39.1M	78.5M	99.6M	132.9M	98.0M
Common Stock Total Equity	231.0M	221.8M	226.0M	255.1M	293.3M	276.3M
Non Current Liabilities Total	455.2M	481.3M	429.8M	481.3M	865.8M	909.1M
Inventory	21.6M	19.2M	44.5M	49.9M	65.0M	68.2M
Other Current Assets	4.7M	17.6M	7.5M	11.7M	8.7M	16.6M
Property Plant And Equipment Gross	609.6M	651.9M	995.2M	1.0B	1.6B	1.7B
Total Current Assets	117.4M	120.0M	147.2M	230.4M	295.2M	152.0M
Short Term Debt	53.9M	47.2M	48.0M	44.6M	94.4M	99.2M
Common Stock	226.0M	255.1M	246.9M	229.5M	263.9M	273.2M
Other Liab	77.0M	83.0M	82.6M	90.5M	104.0M	74.0M
Net Tangible Assets	180.1M	248.4M	274.1M	298.6M	343.4M	219.1M
Long Term Debt	313.4M	341.5M	306.0M	358.1M	611.3M	641.9M
Short Long Term Debt	18.5M	16.3M	19.7M	20.6M	92.7M	97.3M
Property Plant Equipment	609.6M	651.9M	655.7M	660.5M	759.6M	488.2M
Long Term Debt Total	360.5M	384.1M	335.7M	378.5M	435.2M	280.0M
Capital Surpluse	49.9M	46.5M	37.5M	22.1M	19.9M	33.9M
Treasury Stock	(11.7M)	(15.9M)	(18.0M)	(17.8M)	(16.0M)	(16.8M)

Pair Trading with North American

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 North American 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 North American will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to North American could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace North American 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 North American - 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 North American Construction to buy it.

The correlation of North American 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 North American moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if North American Const 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 North American 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 North American Const offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of North American'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 North American Construction Stock. Outlined below are crucial reports that will aid in making a well-informed decision on North American Construction Stock:

How To Invest In North

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in North American Construction. 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.

You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

Please note, there is a significant difference between North American's value and its price as these two are different measures arrived at by different means. Investors typically determine if North American is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, North American'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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North Cost Of Revenue vs Operating Income Analysis

Cost Of Revenue vs Operating Income

Cost Of Revenue vs Operating Income Correlation Analysis

Correlation Coefficient

Cost Of Revenue

Operating Income

North American fundamental ratios Correlations

North American Account Relationship Matchups

High Positive Relationship

High Negative Relationship

North American fundamental ratios Accounts

Pair Trading with North American

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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

Other Current Assets	- 0.99	Non Currrent Assets Other
Other Assets	- 0.79	Total Stockholder Equity
Common Stock Total Equity	- 0.7	Good Will
Non Currrent Assets Other	- 0.66	Other Current Liab
Other Assets	- 0.66	Total Assets
Other Current Liab	- 0.64	Other Stockholder Equity