PennyMac Operating Income vs Other Operating Expenses Analysis

PMT Stock

USD 13.43 0.09 0.67%

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

Operating Income vs Other Operating Expenses

Operating Income vs Other Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PennyMac Mortgage Operating Income account and Other Operating Expenses. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between PennyMac Mortgage's Operating Income and Other Operating Expenses is -0.44. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of PennyMac Mortgage Investment, assuming nothing else is changed. The correlation between historical values of PennyMac Mortgage's Operating Income and Other 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 Operating Income of PennyMac Mortgage Investment are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Operating Income i.e., PennyMac Mortgage's Operating Income and Other Operating Expenses go up and down completely randomly.

Correlation Coefficient

-0.44

Relationship Direction	Negative
Relationship Strength	Very Weak

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Operating Income

Operating Income is the amount of profit realized from PennyMac Mortgage 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 PennyMac Mortgage Investment 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.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of PennyMac Mortgage. It is also known as PennyMac Mortgage overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

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

At this time, PennyMac Mortgage's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.43 in 2024, whereas Enterprise Value is likely to drop slightly above 230.5 M in 2024.

	2021	2022	2023	2024 (projected)
Cost Of Revenue	190.1M	77.6M	147.1M	108.2M
EBITDA	44.7M	54.6M	1.3B	1.3B

Cost Of Revenue Ebitda

PennyMac Mortgage fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	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	Short Term Investments	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Current Deferred Revenue	Non Current Liabilities Total
Total Assets		-0.29	0.34	0.9	0.06	0.4	-0.67	0.52	0.72	0.65	-0.83	0.33	0.49	-0.03	0.91	0.87	0.4	0.4	-0.46	0.92	1.0	0.48	0.87	0.78	-0.1	0.53
Other Current Liab	-0.29		-0.97	-0.16	-0.06	-0.96	0.71	-0.94	0.2	-0.86	0.67	0.66	0.06	0.25	-0.28	-0.33	-0.06	-0.11	0.15	-0.21	-0.3	0.05	-0.18	-0.66	-0.23	0.08
Total Current Liabilities	0.34	-0.97		0.16	0.05	0.98	-0.81	0.96	-0.18	0.91	-0.75	-0.65	-0.08	-0.3	0.29	0.33	0.16	0.05	-0.12	0.22	0.36	-0.07	0.19	0.68	0.29	0.09
Total Stockholder Equity	0.9	-0.16	0.16		0.19	0.24	-0.39	0.4	0.75	0.48	-0.63	0.46	0.55	0.15	0.94	0.91	0.16	0.51	-0.48	0.98	0.87	0.54	0.98	0.69	-0.4	0.44
Other Liab	0.06	-0.06	0.05	0.19		0.16	-0.03	0.09	-0.21	0.08	-0.01	0.01	-0.13	-0.26	0.27	0.22	0.19	0.14	0.11	0.23	0.04	-0.13	0.27	-0.03	-0.1	0.17
Net Debt	0.4	-0.96	0.98	0.24	0.16		-0.84	0.95	-0.17	0.93	-0.77	-0.57	-0.07	-0.3	0.36	0.4	0.21	0.12	-0.15	0.3	0.42	-0.06	0.26	0.71	0.25	0.16
Retained Earnings	-0.67	0.71	-0.81	-0.39	-0.03	-0.84		-0.83	-0.19	-0.92	0.93	0.31	-0.09	0.37	-0.49	-0.5	-0.5	-0.16	0.26	-0.45	-0.7	-0.09	-0.39	-0.76	-0.38	-0.48
Accounts Payable	0.52	-0.94	0.96	0.4	0.09	0.95	-0.83		0.02	0.95	-0.82	-0.46	0.05	-0.17	0.5	0.55	0.19	0.24	-0.3	0.46	0.53	0.05	0.43	0.78	0.13	0.19
Cash	0.72	0.2	-0.18	0.75	-0.21	-0.17	-0.19	0.02		0.17	-0.42	0.53	0.81	-0.02	0.59	0.53	0.26	0.28	-0.32	0.69	0.71	0.8	0.66	0.43	-0.06	0.23
Non Current Assets Total	0.65	-0.86	0.91	0.48	0.08	0.93	-0.92	0.95	0.17		-0.92	-0.42	0.19	-0.32	0.57	0.57	0.35	0.2	-0.22	0.54	0.67	0.2	0.49	0.85	0.23	0.32
Non Currrent Assets Other	-0.83	0.67	-0.75	-0.63	-0.01	-0.77	0.93	-0.82	-0.42	-0.92		0.11	-0.26	0.28	-0.68	-0.66	-0.46	-0.3	0.42	-0.67	-0.85	-0.26	-0.61	-0.92	-0.16	-0.44
Other Assets	0.33	0.66	-0.65	0.46	0.01	-0.57	0.31	-0.46	0.53	-0.42	0.11		0.13	0.52	0.31	0.34	0.0	0.36	-0.49	0.4	0.3	0.11	0.42	-0.06	-0.57	0.37
Cash And Short Term Investments	0.49	0.06	-0.08	0.55	-0.13	-0.07	-0.09	0.05	0.81	0.19	-0.26	0.13		-0.23	0.4	0.31	0.08	-0.11	0.18	0.5	0.47	1.0	0.48	0.31	0.2	-0.08
Net Receivables	-0.03	0.25	-0.3	0.15	-0.26	-0.3	0.37	-0.17	-0.02	-0.32	0.28	0.52	-0.23		0.13	0.3	-0.4	0.29	-0.37	0.16	-0.05	-0.25	0.21	-0.18	-0.67	0.21
Common Stock Total Equity	0.91	-0.28	0.29	0.94	0.27	0.36	-0.49	0.5	0.59	0.57	-0.68	0.31	0.4	0.13		0.95	0.23	0.47	-0.41	0.97	0.89	0.4	0.96	0.66	-0.33	0.48
Common Stock Shares Outstanding	0.87	-0.33	0.33	0.91	0.22	0.4	-0.5	0.55	0.53	0.57	-0.66	0.34	0.31	0.3	0.95		0.18	0.51	-0.52	0.94	0.85	0.3	0.93	0.66	-0.34	0.52
Short Term Investments	0.4	-0.06	0.16	0.16	0.19	0.21	-0.5	0.19	0.26	0.35	-0.46	0.0	0.08	-0.4	0.23	0.18		0.32	-0.13	0.23	0.43	0.11	0.17	0.27	0.4	0.43
Inventory	0.4	-0.11	0.05	0.51	0.14	0.12	-0.16	0.24	0.28	0.2	-0.3	0.36	-0.11	0.29	0.47	0.51	0.32		-0.77	0.51	0.37	-0.1	0.51	0.34	-0.49	0.27
Other Current Assets	-0.46	0.15	-0.12	-0.48	0.11	-0.15	0.26	-0.3	-0.32	-0.22	0.42	-0.49	0.18	-0.37	-0.41	-0.52	-0.13	-0.77		-0.45	-0.45	0.19	-0.43	-0.47	0.5	-0.29
Other Stockholder Equity	0.92	-0.21	0.22	0.98	0.23	0.3	-0.45	0.46	0.69	0.54	-0.67	0.4	0.5	0.16	0.97	0.94	0.23	0.51	-0.45		0.89	0.49	0.99	0.67	-0.36	0.51
Total Liab	1.0	-0.3	0.36	0.87	0.04	0.42	-0.7	0.53	0.71	0.67	-0.85	0.3	0.47	-0.05	0.89	0.85	0.43	0.37	-0.45	0.89		0.47	0.84	0.78	-0.05	0.54
Total Current Assets	0.48	0.05	-0.07	0.54	-0.13	-0.06	-0.09	0.05	0.8	0.2	-0.26	0.11	1.0	-0.25	0.4	0.3	0.11	-0.1	0.19	0.49	0.47		0.47	0.32	0.21	-0.11
Common Stock	0.87	-0.18	0.19	0.98	0.27	0.26	-0.39	0.43	0.66	0.49	-0.61	0.42	0.48	0.21	0.96	0.93	0.17	0.51	-0.43	0.99	0.84	0.47		0.63	-0.42	0.51
Short Long Term Debt Total	0.78	-0.66	0.68	0.69	-0.03	0.71	-0.76	0.78	0.43	0.85	-0.92	-0.06	0.31	-0.18	0.66	0.66	0.27	0.34	-0.47	0.67	0.78	0.32	0.63		-0.05	0.26
Current Deferred Revenue	-0.1	-0.23	0.29	-0.4	-0.1	0.25	-0.38	0.13	-0.06	0.23	-0.16	-0.57	0.2	-0.67	-0.33	-0.34	0.4	-0.49	0.5	-0.36	-0.05	0.21	-0.42	-0.05		-0.17
Non Current Liabilities Total	0.53	0.08	0.09	0.44	0.17	0.16	-0.48	0.19	0.23	0.32	-0.44	0.37	-0.08	0.21	0.48	0.52	0.43	0.27	-0.29	0.51	0.54	-0.11	0.51	0.26	-0.17

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PennyMac Mortgage Account Relationship Matchups

PennyMac Mortgage fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.8B	11.5B	13.8B	13.9B	13.1B	7.6B
Other Current Liab	(91.1M)	(124.8M)	(96.2M)	(8.4M)	(9.1B)	(8.7B)
Total Current Liabilities	91.1M	124.8M	96.2M	3.0B	9.3B	9.8B
Total Stockholder Equity	2.5B	2.3B	2.4B	2.0B	2.0B	1.6B
Other Liab	7.6M	21.9M	80.3M	39.5M	45.4M	38.3M
Net Debt	309.3M	(583.6M)	2.7B	3.3B	10.2B	10.7B
Retained Earnings	22.3M	(100.7M)	(256.7M)	(526.8M)	(508.7M)	(483.3M)
Accounts Payable	91.1M	124.8M	96.2M	160.2M	387.7M	407.0M
Cash	2.1B	2.9B	1.8B	1.4B	281.1M	267.0M
Non Current Assets Total	4.6B	4.1B	5.7B	8.7B	13.8B	14.5B
Non Currrent Assets Other	(4.6B)	(4.1B)	(5.7B)	(8.7B)	(8.9B)	(8.4B)
Other Assets	4.8B	4.3B	6.1B	4.8B	(1.1B)	(1.1B)
Cash And Short Term Investments	2.2B	3.0B	1.9B	364.1M	409.4M	802.9M
Net Receivables	181.3M	139.9M	16.0M	66.9M	65.5M	62.2M
Common Stock Total Equity	613K	610K	1.0M	979K	1.1M	666.1K
Common Stock Shares Outstanding	87.7M	99.4M	97.4M	91.4M	111.7M	76.9M
Short Term Investments	90.8M	127.3M	168.0M	252.3M	128.3M	108.1M
Liabilities And Stockholders Equity	11.8B	11.5B	13.8B	13.9B	13.1B	7.6B
Other Current Assets	(263.2M)	(221.9M)	(257.3M)	(438.8M)	(409.5M)	(389.0M)
Other Stockholder Equity	2.1B	2.1B	2.1B	1.9B	1.9B	1.5B
Total Liab	9.3B	9.2B	11.4B	12.0B	11.2B	6.0B
Total Current Assets	2.3B	3.1B	1.9B	364.1M	474.9M	828.9M
Common Stock	1.0M	979K	949K	889K	866K	731.2K
Short Long Term Debt Total	9.4B	4.2B	7.0B	7.6B	10.5B	11.0B
Current Deferred Revenue	(6.9B)	(1.8B)	(2.4B)	(2.5B)	(2.3B)	(2.4B)
Non Current Liabilities Total	2.4B	2.3B	4.5B	9.0B	2.0B	3.3B
Short Term Debt	7.0B	1.9B	2.5B	2.8B	8.5B	9.0B
Long Term Debt	2.4B	2.1B	4.5B	4.8B	4.8B	5.1B
Intangible Assets	1.5B	1.8B	2.9B	4.0B	3.9B	4.1B
Net Tangible Assets	2.2B	2.0B	1.8B	1.4B	1.6B	1.7B
Long Term Debt Total	2.4B	2.3B	4.5B	4.8B	5.5B	5.8B
Capital Surpluse	2.1B	2.1B	2.1B	1.9B	2.2B	1.8B
Long Term Investments	378.9M	127.3M	2.8B	4.7B	5.0B	2.5B
Net Invested Capital	4.5B	4.3B	6.3B	6.2B	6.3B	5.0B
Capital Stock	300.7M	300.7M	542.4M	542.4M	542.3M	463.6M

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