| OGN Stock | | | CAD 1.44 0.01 0.69% |
Orogen Royalties financial indicator trend analysis is much more than just breaking down Orogen Royalties prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Orogen Royalties is a good investment. Please check the relationship between Orogen Royalties Income Before Tax and its Operating Income accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orogen Royalties. 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.
Income Before Tax vs Operating Income
Income Before Tax vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Orogen Royalties Income Before Tax account and
Operating Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Orogen Royalties' Income Before Tax and Operating Income is 0.46. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Operating Income in the same time period over historical financial statements of Orogen Royalties, assuming nothing else is changed. The correlation between historical values of Orogen Royalties' Income Before Tax 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 Income Before Tax of Orogen Royalties 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 Income Before Tax i.e., Orogen Royalties' Income Before Tax and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.46 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Orogen Royalties income statement and is an important metric when analyzing Orogen Royalties profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Operating Income
Operating Income is the amount of profit realized from Orogen Royalties 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 Orogen Royalties 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 Orogen Royalties' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Orogen Royalties 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orogen Royalties. 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, Orogen Royalties'
Enterprise Value Over EBITDA is fairly stable compared to the past year.
Enterprise Value Multiple is likely to climb to 38.56 in 2024, despite the fact that
Tax Provision is likely to grow to (1.1
M).
Orogen Royalties fundamental ratios Correlations
Click cells to compare fundamentals
Orogen Royalties Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Orogen Royalties fundamental ratios Accounts
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Additional Tools for Orogen Stock Analysis
When running Orogen Royalties' price analysis, check to
measure Orogen Royalties' 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 Orogen Royalties is operating at the current time. Most of Orogen Royalties' value examination focuses on studying past and present price action to
predict the probability of Orogen Royalties' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orogen Royalties' price. Additionally, you may evaluate how the addition of Orogen Royalties to your portfolios can decrease your overall portfolio volatility.