| SBR Stock | | | USD 63.10 0.03 0.05% |
Sabine Royalty financial indicator trend analysis is much more than just breaking down Sabine Royalty Trust prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sabine Royalty Trust is a good investment. Please check the relationship between Sabine Royalty Net Income and its Total Revenue accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Sabine Royalty Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
Net Income vs Total Revenue
Net Income vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sabine Royalty Trust Net Income account and
Total Revenue. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Sabine Royalty's Net Income and Total Revenue is 0.87. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Sabine Royalty Trust, assuming nothing else is changed. The correlation between historical values of Sabine Royalty's Net Income and Total 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 Net Income of Sabine Royalty Trust are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Net Income i.e., Sabine Royalty's Net Income and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.87 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Sabine Royalty Trust financial statement analysis. It represents the amount of money remaining after all of Sabine Royalty Trust operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Total Revenue
Total revenue comprises all receipts Sabine Royalty Trust generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Sabine Royalty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sabine Royalty Trust 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Sabine Royalty Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
As of 11/26/2024,
Sales General And Administrative To Revenue is likely to grow to 0.06, while
Selling General Administrative is likely to drop slightly above 2.2
M.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 60.9M | 125.7M | 93.8M | 47.0M | Total Revenue | 60.9M | 125.7M | 93.8M | 47.0M |
Sabine Royalty fundamental ratios Correlations
Click cells to compare fundamentals
Sabine Royalty Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sabine Royalty fundamental ratios Accounts
Additional Tools for Sabine Stock Analysis
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measure Sabine Royalty's 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 Sabine Royalty is operating at the current time. Most of Sabine Royalty's value examination focuses on studying past and present price action to
predict the probability of Sabine Royalty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sabine Royalty's price. Additionally, you may evaluate how the addition of Sabine Royalty to your portfolios can decrease your overall portfolio volatility.