Pure Net Income vs Total Operating Expenses Analysis

PCYO Stock

USD 13.80 0.70 5.34%

Pure Cycle financial indicator trend analysis is much more than just breaking down Pure Cycle prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pure Cycle is a good investment. Please check the relationship between Pure Cycle Net Income and its Total Operating Expenses accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pure Cycle. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

To learn how to invest in Pure Stock, please use our How to Invest in Pure Cycle guide.

Net Income vs Total Operating Expenses

Net Income vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pure Cycle Net Income account and Total Operating Expenses. At this time, the significance of the direction appears to have strong relationship.

The correlation between Pure Cycle's Net Income and Total Operating Expenses is 0.73. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Pure Cycle, assuming nothing else is changed. The correlation between historical values of Pure Cycle's Net Income and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Pure Cycle are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Net Income i.e., Pure Cycle's Net Income and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.73

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Pure Cycle financial statement analysis. It represents the amount of money remaining after all of Pure Cycle operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

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

To learn how to invest in Pure Stock, please use our How to Invest in Pure Cycle guide.At this time, Pure Cycle's Tax Provision is very stable compared to the past year. As of the 22nd of November 2024, Enterprise Value Over EBITDA is likely to grow to 17.67, while Selling General Administrative is likely to drop about 6.6 M.

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	2.1M	2.2M	2.5M	1.7M
Net Interest Income	1.8M	2.3M	2.6M	2.8M

Reconciled Depreciation Net Interest Income

Pure Cycle fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock
Total Assets		0.33	0.69	0.63	0.43	-0.29	-0.03	0.57	0.38	0.92	0.03	0.17	0.34	0.08	-0.7	0.7	0.55	0.27	0.27	0.56	0.38	0.89	0.33	0.19	-0.1	-0.7
Short Long Term Debt Total	0.33		0.03	-0.31	0.67	0.44	0.27	-0.05	-0.26	0.58	0.19	-0.5	0.08	0.2	0.03	0.02	-0.24	0.8	-0.29	-0.33	0.78	0.57	-0.59	0.77	-0.56	0.03
Total Current Liabilities	0.69	0.03		0.63	0.13	-0.39	0.25	0.58	0.43	0.61	-0.04	0.11	0.54	-0.19	-0.33	0.29	0.67	0.07	0.41	0.23	0.24	0.56	0.45	-0.03	-0.28	-0.33
Total Stockholder Equity	0.63	-0.31	0.63		-0.19	-0.64	0.03	0.82	0.65	0.45	-0.02	0.57	0.07	0.04	-0.51	0.43	0.87	-0.42	0.64	0.61	-0.29	0.35	0.75	-0.52	0.37	-0.52
Property Plant And Equipment Net	0.43	0.67	0.13	-0.19		0.33	-0.37	-0.18	-0.23	0.55	-0.09	-0.34	0.36	-0.05	-0.46	0.54	-0.23	0.58	-0.6	0.25	0.57	0.66	-0.4	0.61	-0.28	-0.45
Net Debt	-0.29	0.44	-0.39	-0.64	0.33		0.04	-0.35	-0.98	0.02	0.2	-0.85	-0.07	-0.16	0.28	-0.25	-0.58	0.5	-0.3	-0.46	0.42	0.08	-0.86	0.54	-0.21	0.28
Retained Earnings	-0.03	0.27	0.25	0.03	-0.37	0.04		0.36	0.04	0.12	0.17	-0.3	0.0	0.23	0.71	-0.73	0.28	0.06	0.38	-0.69	0.11	-0.04	-0.21	-0.04	-0.52	0.71
Accounts Payable	0.57	-0.05	0.58	0.82	-0.18	-0.35	0.36		0.4	0.52	0.23	0.21	0.24	0.24	-0.22	0.15	0.76	-0.21	0.66	0.26	-0.09	0.39	0.45	-0.32	0.12	-0.23
Cash	0.38	-0.26	0.43	0.65	-0.23	-0.98	0.04	0.4		0.1	-0.16	0.81	0.08	0.22	-0.28	0.25	0.59	-0.39	0.29	0.41	-0.3	0.03	0.8	-0.45	0.12	-0.28
Non Current Assets Total	0.92	0.58	0.61	0.45	0.55	0.02	0.12	0.52	0.1		0.06	-0.17	0.29	0.09	-0.54	0.54	0.41	0.51	0.26	0.3	0.6	0.98	-0.01	0.42	-0.23	-0.54
Non Currrent Assets Other	0.03	0.19	-0.04	-0.02	-0.09	0.2	0.17	0.23	-0.16	0.06		-0.08	0.03	-0.07	0.08	-0.09	-0.27	0.13	0.09	-0.14	0.13	0.0	-0.01	0.12	-0.22	0.08
Cash And Short Term Investments	0.17	-0.5	0.11	0.57	-0.34	-0.85	-0.3	0.21	0.81	-0.17	-0.08		-0.1	0.2	-0.39	0.36	0.48	-0.56	0.18	0.59	-0.52	-0.22	0.89	-0.57	0.38	-0.39
Net Receivables	0.34	0.08	0.54	0.07	0.36	-0.07	0.0	0.24	0.08	0.29	0.03	-0.1		0.12	-0.19	0.22	0.18	0.23	-0.17	0.09	0.31	0.34	0.15	0.23	-0.52	-0.19
Good Will	0.08	0.2	-0.19	0.04	-0.05	-0.16	0.23	0.24	0.22	0.09	-0.07	0.2	0.12		0.08	-0.09	0.25	0.15	0.09	-0.14	0.11	0.05	0.04	0.12	-0.25	0.08
Common Stock Total Equity	-0.7	0.03	-0.33	-0.51	-0.46	0.28	0.71	-0.22	-0.28	-0.54	0.08	-0.39	-0.19	0.08		-0.99	-0.26	-0.12	-0.07	-0.86	-0.17	-0.62	-0.47	-0.12	-0.37	1.0
Common Stock Shares Outstanding	0.7	0.02	0.29	0.43	0.54	-0.25	-0.73	0.15	0.25	0.54	-0.09	0.36	0.22	-0.09	-0.99		0.19	0.14	-0.05	0.88	0.17	0.63	0.41	0.14	0.32	-0.99
Short Term Investments	0.55	-0.24	0.67	0.87	-0.23	-0.58	0.28	0.76	0.59	0.41	-0.27	0.48	0.18	0.25	-0.26	0.19		-0.37	0.6	0.36	-0.23	0.28	0.63	-0.47	0.12	-0.27
Non Current Liabilities Total	0.27	0.8	0.07	-0.42	0.58	0.5	0.06	-0.21	-0.39	0.51	0.13	-0.56	0.23	0.15	-0.12	0.14	-0.37		-0.13	-0.35	0.98	0.58	-0.52	0.99	-0.56	-0.12
Other Current Assets	0.27	-0.29	0.41	0.64	-0.6	-0.3	0.38	0.66	0.29	0.26	0.09	0.18	-0.17	0.09	-0.07	-0.05	0.6	-0.13		-0.01	-0.03	0.15	0.44	-0.23	0.23	-0.08
Other Stockholder Equity	0.56	-0.33	0.23	0.61	0.25	-0.46	-0.69	0.26	0.41	0.3	-0.14	0.59	0.09	-0.14	-0.86	0.88	0.36	-0.35	-0.01		-0.31	0.35	0.6	-0.34	0.56	-0.86
Total Liab	0.38	0.78	0.24	-0.29	0.57	0.42	0.11	-0.09	-0.3	0.6	0.13	-0.52	0.31	0.11	-0.17	0.17	-0.23	0.98	-0.03	-0.31		0.65	-0.42	0.96	-0.59	-0.17
Property Plant And Equipment Gross	0.89	0.57	0.56	0.35	0.66	0.08	-0.04	0.39	0.03	0.98	0.0	-0.22	0.34	0.05	-0.62	0.63	0.28	0.58	0.15	0.35	0.65		-0.06	0.51	-0.21	-0.62
Total Current Assets	0.33	-0.59	0.45	0.75	-0.4	-0.86	-0.21	0.45	0.8	-0.01	-0.01	0.89	0.15	0.04	-0.47	0.41	0.63	-0.52	0.44	0.6	-0.42	-0.06		-0.56	0.35	-0.47
Short Term Debt	0.19	0.77	-0.03	-0.52	0.61	0.54	-0.04	-0.32	-0.45	0.42	0.12	-0.57	0.23	0.12	-0.12	0.14	-0.47	0.99	-0.23	-0.34	0.96	0.51	-0.56		-0.54	-0.11
Intangible Assets	-0.1	-0.56	-0.28	0.37	-0.28	-0.21	-0.52	0.12	0.12	-0.23	-0.22	0.38	-0.52	-0.25	-0.37	0.32	0.12	-0.56	0.23	0.56	-0.59	-0.21	0.35	-0.54		-0.37
Common Stock	-0.7	0.03	-0.33	-0.52	-0.45	0.28	0.71	-0.23	-0.28	-0.54	0.08	-0.39	-0.19	0.08	1.0	-0.99	-0.27	-0.12	-0.08	-0.86	-0.17	-0.62	-0.47	-0.11	-0.37

Click cells to compare fundamentals

Pure Cycle Account Relationship Matchups

Pure Cycle fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	89.8M	117.2M	129.2M	133.2M	147.4M	81.3M
Total Current Liabilities	6.2M	12.5M	10.8M	6.5M	9.3M	9.8M
Total Stockholder Equity	82.0M	102.7M	113.0M	118.2M	129.7M	136.2M
Property Plant And Equipment Net	60.2M	63.1M	66.9M	66.1M	158K	150.1K
Net Debt	(21.7M)	(20.0M)	(30.8M)	(18.7M)	(22.0M)	(20.9M)
Retained Earnings	(91.0M)	(70.9M)	(61.2M)	(56.5M)	(45.5M)	(47.8M)
Accounts Payable	180K	1.8M	849K	2.0M	1.9M	2.0M
Cash	21.8M	20.1M	34.9M	26.0M	22.1M	23.2M
Non Current Assets Total	63.8M	78.5M	91.4M	103.5M	109.5M	67.3M
Non Currrent Assets Other	(55.1B)	(41.8M)	(34.7M)	(27.1M)	48.8M	51.3M
Cash And Short Term Investments	21.8M	20.1M	34.9M	26.0M	22.1M	23.2M
Net Receivables	2.7M	17.5M	2.4M	1.6M	1.5M	1.9M
Common Stock Total Equity	79.2K	79.4K	79.5K	80K	72K	106.7K
Common Stock Shares Outstanding	24.1M	24.1M	24.2M	24.1M	24.1M	19.2M
Liabilities And Stockholders Equity	89.8M	117.2M	129.2M	133.2M	147.4M	81.3M
Non Current Liabilities Total	1.5M	2.0M	5.4M	8.5M	8.3M	7.9M
Other Current Assets	1.0M	458K	934K	2.1M	14.3M	15.0M
Other Stockholder Equity	172.9M	173.5M	174.2M	174.7M	175.1M	108.0M
Total Liab	7.7M	14.4M	16.2M	15.0M	17.7M	21.1M
Property Plant And Equipment Gross	60.6M	70.0M	75.5M	78.5M	90.3M	50.4M
Total Current Assets	26.0M	38.7M	37.8M	29.7M	37.9M	39.8M
Intangible Assets	7.8M	7.4M	451K	6.7M	6.0M	6.2M
Common Stock	79.2K	79.4K	79.5K	80K	72K	103.9K
Other Current Liab	4.3M	4.0M	2.3M	2.5M	3.7M	3.9M
Other Assets	10.0	43.0	15.3M	23.6M	27.1M	28.5M
Property Plant Equipment	47.6M	55.1M	63.1M	60.8M	54.8M	50.4M
Other Liab	693.0K	1.4M	1.9M	1.4M	1.3M	1.2M
Current Deferred Revenue	1.6M	2.0M	4.8M	1.7M	2.2M	2.1M
Inventory	11.6M	481.5K	608K	346K	397.9K	378.0K
Net Tangible Assets	67.0M	82.0M	102.7M	106.0M	121.9M	79.3M
Retained Earnings Total Equity	(97.7M)	(91.0M)	(70.9M)	(61.2M)	(70.4M)	(73.9M)
Capital Surpluse	172.4M	172.9M	173.5M	174.2M	200.3M	176.7M

Pair Trading with Pure Cycle

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 Pure Cycle 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 Pure Cycle will appreciate offsetting losses from the drop in the long position's value.

Moving together with Pure Stock

0.87	CDZIP	Cadiz Depositary Shares	Pair Corr
0.64	AWR	American States Water	Pair Corr

Moving against Pure Stock

0.79	ES	Eversource Energy	Pair Corr
0.69	FE	FirstEnergy	Pair Corr
0.63	ED	Consolidated Edison	Pair Corr
0.61	SJW	SJW Group Common	Pair Corr
0.59	CWT	California Water Service	Pair Corr

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

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

How To Invest In Pure

Details

Is Pure Stock a good investment?

Details

What is Pure Cycle's Net Worth?

Details

Largest Water Utilities Companies

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Largest Utilities - Regulated Water Companies

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pure Cycle. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

To learn how to invest in Pure Stock, please use our How to Invest in Pure Cycle guide.

You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

Is Water Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Pure Cycle. If investors know Pure will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Pure Cycle listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

5.767

Earnings Share

0.48

Revenue Per Share

1.194

Quarterly Revenue Growth

2.729

Return On Assets

0.0545

The market value of Pure Cycle is measured differently than its book value, which is the value of Pure that is recorded on the company's balance sheet. Investors also form their own opinion of Pure Cycle's value that differs from its market value or its book value, called intrinsic value, which is Pure Cycle's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Pure Cycle's market value can be influenced by many factors that don't directly affect Pure Cycle's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

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

Net Income vs Total Operating Expenses

Net Income vs Total Operating Expenses Correlation Analysis

Correlation Coefficient

Net Income

Total Operating Expenses

Pure Cycle fundamental ratios Correlations

Pure Cycle Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pure Cycle fundamental ratios Accounts

Pair Trading with Pure Cycle

Moving together with Pure Stock

Moving against Pure Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Total Equity
Short Term Debt	+ 0.99	Non Current Liabilities Total
Property Plant And Equipment Gross	+ 0.98	Non Current Assets Total
Total Liab	+ 0.98	Non Current Liabilities Total
Short Term Debt	+ 0.96	Total Liab
Non Current Assets Total	+ 0.92	Total Assets

Common Stock	- 0.99	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.99	Common Stock Total Equity
Cash	- 0.98	Net Debt
Common Stock	- 0.86	Other Stockholder Equity
Other Stockholder Equity	- 0.86	Common Stock Total Equity
Total Current Assets	- 0.86	Net Debt