Blue Operating Income vs Cost Of Revenue Analysis
RBN-UN Stock | CAD 8.52 0.04 0.47% |
Blue Ribbon financial indicator trend analysis is way more than just evaluating Blue Ribbon Income prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Blue Ribbon Income is a good investment. Please check the relationship between Blue Ribbon Operating Income and its Cost Of Revenue accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Blue Ribbon Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
Operating Income vs Cost Of Revenue
Operating Income vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Blue Ribbon Income Operating Income account and Cost Of Revenue. At this time, the significance of the direction appears to have no relationship.
The correlation between Blue Ribbon's Operating Income and Cost Of Revenue is 0.02. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Blue Ribbon Income, assuming nothing else is changed. The correlation between historical values of Blue Ribbon's Operating Income and Cost Of Revenue 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 Blue Ribbon Income are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Operating Income i.e., Blue Ribbon's Operating Income and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.02 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Operating Income
Operating Income is the amount of profit realized from Blue Ribbon Income 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 Blue Ribbon Income 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.Cost Of Revenue
Cost of Revenue is found on Blue Ribbon Income income statement and represents the costs associated with goods and services Blue Ribbon 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.Most indicators from Blue Ribbon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Blue Ribbon Income 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 Blue Ribbon Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. At present, Blue Ribbon's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.16, whereas Enterprise Value is forecasted to decline to about 65.2 M.
Blue Ribbon fundamental ratios Correlations
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Blue Ribbon Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Blue Ribbon fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 112.9M | 87.2M | 89.9M | 73.4M | 67.1M | 63.8M | |
Other Current Liab | (405.5K) | (257.8K) | (177.9K) | (33.5K) | 370.5K | 393.7K | |
Total Current Liabilities | 1.0M | 706.5K | 627.6K | 449.5K | 475.0K | 451.3K | |
Total Stockholder Equity | 111.9M | 86.5M | 89.2M | 72.9M | 66.7M | 63.3M | |
Net Debt | (386.4K) | (1.2M) | (1.1M) | (1.2M) | (1.9M) | (2.0M) | |
Accounts Payable | 405.5K | 257.8K | 177.9K | 33.5K | 104.5K | 99.3K | |
Cash | 386.4K | 1.2M | 1.1M | 1.2M | 1.9M | 1.8M | |
Non Current Assets Total | 112.2M | 85.8M | 88.5M | 71.8M | 65.0M | 61.7M | |
Cash And Short Term Investments | 386.4K | 1.2M | 1.1M | 1.2M | 1.9M | 1.8M | |
Net Receivables | 388.9K | 256.5K | 297.5K | 322.5K | 325.5K | 309.2K | |
Common Stock Shares Outstanding | 14.1M | 12.6M | 11.1M | 10.2M | 9.5M | 16.4M | |
Liabilities And Stockholders Equity | 112.9M | 87.2M | 89.9M | 73.4M | 67.1M | 63.8M | |
Other Current Assets | (166.2M) | (111.2M) | (112.9M) | (87.2M) | (89.9M) | 47.0K | |
Total Liab | 1.0M | 706.5K | 627.6K | 449.5K | 475.0K | 451.3K | |
Total Current Assets | 775.3K | 1.4M | 1.4M | 1.6M | 2.2M | 2.1M | |
Short Term Investments | 112.2M | 85.8M | 88.5M | 71.8M | 65.0M | 104.8M | |
Non Currrent Assets Other | (112.2M) | (85.8M) | (88.5M) | (71.8M) | (65.0M) | (68.2M) | |
Common Stock | 111.9M | 86.5M | 89.2M | 72.9M | 66.7M | 126.2M | |
Non Current Liabilities Total | 1.0M | 706.5K | 627.6K | 449.5K | 475.0K | 833.4K | |
Inventory | 112.9M | 87.2M | 89.9M | 73.3M | 66.0M | 103.0M | |
Net Tangible Assets | 110.1M | 111.9M | 86.5M | 89.2M | 80.3M | 90.0M | |
Long Term Investments | 112.2M | 85.8M | 88.5M | 71.8M | 65.0M | 70.9M |
Pair Trading with Blue Ribbon
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 Blue Ribbon 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 Blue Ribbon will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Blue Ribbon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blue Ribbon 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 Blue Ribbon - 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 Blue Ribbon Income to buy it.
The correlation of Blue Ribbon 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 Blue Ribbon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blue Ribbon Income 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 Blue Ribbon 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.Other Information on Investing in Blue Stock
Balance Sheet is a snapshot of the financial position of Blue Ribbon Income at a specified time, usually calculated after every quarter, six months, or one year. Blue Ribbon Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Blue Ribbon and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Blue currently owns. An asset can also be divided into two categories, current and non-current.