Sirios Operating Income vs Income Before Tax Analysis

SOI Stock

CAD 0.05 0.01 11.11%

Sirios Resources financial indicator trend analysis is much more than just breaking down Sirios Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sirios Resources is a good investment. Please check the relationship between Sirios Resources Operating Income and its Income Before Tax accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sirios Resources. 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.

Operating Income vs Income Before Tax

Operating Income vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sirios Resources Operating Income account and Income Before Tax. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Sirios Resources' Operating Income and Income Before Tax is 0.96. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Sirios Resources, assuming nothing else is changed. The correlation between historical values of Sirios Resources' Operating Income and Income Before Tax 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 Sirios Resources are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Operating Income i.e., Sirios Resources' Operating Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

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Operating Income

Operating Income is the amount of profit realized from Sirios Resources 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 Sirios Resources 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.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Sirios Resources income statement and is an important metric when analyzing Sirios Resources 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.

Most indicators from Sirios Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sirios Resources 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 Sirios Resources. 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, Sirios Resources' Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 2.7 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 22.27 in 2024.

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	1.4K	2.8K	23.3K	12.8K
Interest Income	6.5K	16.4K	40.3K	42.3K

Reconciled Depreciation Interest Income

Sirios Resources fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Total Current Assets	Common Stock	Non Currrent Assets Other	Short Term Investments	Non Current Liabilities Total	Other Stockholder Equity	Inventory	Short Long Term Debt Total	Short Term Debt	Net Tangible Assets	Long Term Debt
Total Assets		0.41	0.13	1.0	0.99	-0.43	-0.9	0.08	0.33	0.99	0.52	-0.03	0.97	0.26	0.8	0.34	0.98	0.97	0.2	0.86	-0.64	-0.58	-0.52	0.82	0.95	-0.75
Other Current Liab	0.41		0.51	0.38	0.42	-0.36	-0.43	-0.2	0.27	0.42	0.36	-0.38	0.57	-0.06	0.75	0.0	0.48	0.37	-0.43	0.59	0.09	0.06	-0.08	0.38	0.23	-0.15
Total Current Liabilities	0.13	0.51		0.1	0.11	-0.26	-0.3	0.42	0.33	0.1	0.19	0.15	0.12	0.06	0.55	0.28	0.15	0.09	-0.14	0.05	0.14	0.0	0.15	0.04	0.08	-0.1
Total Stockholder Equity	1.0	0.38	0.1		0.99	-0.43	-0.89	0.08	0.33	0.99	0.52	-0.03	0.96	0.26	0.78	0.35	0.98	0.97	0.22	0.84	-0.66	-0.59	-0.53	0.82	0.95	-0.76
Property Plant And Equipment Net	0.99	0.42	0.11	0.99		-0.33	-0.89	-0.01	0.22	1.0	0.42	-0.09	0.97	0.22	0.82	0.22	0.98	0.98	0.12	0.9	-0.58	-0.56	-0.49	0.87	0.93	-0.7
Net Debt	-0.43	-0.36	-0.26	-0.43	-0.33		0.39	-0.37	-0.98	-0.33	-0.96	0.1	-0.39	-0.18	-0.26	-0.79	-0.42	-0.28	-0.2	-0.13	0.57	0.13	0.46	-0.11	-0.4	0.6
Retained Earnings	-0.9	-0.43	-0.3	-0.89	-0.89	0.39		-0.24	-0.34	-0.88	-0.47	-0.02	-0.85	-0.24	-0.76	-0.35	-0.94	-0.92	-0.16	-0.7	0.37	0.45	0.31	-0.75	-0.83	0.73
Accounts Payable	0.08	-0.2	0.42	0.08	-0.01	-0.37	-0.24		0.48	-0.01	0.36	0.64	-0.1	0.32	-0.01	0.7	0.07	0.04	0.36	-0.29	-0.24	-0.29	0.0	-0.23	0.14	-0.22
Cash	0.33	0.27	0.33	0.33	0.22	-0.98	-0.34	0.48		0.23	0.92	-0.03	0.26	0.18	0.19	0.83	0.31	0.18	0.22	-0.01	-0.54	-0.1	-0.4	0.02	0.35	-0.57
Non Current Assets Total	0.99	0.42	0.1	0.99	1.0	-0.33	-0.88	-0.01	0.23		0.42	-0.1	0.98	0.22	0.82	0.22	0.98	0.97	0.12	0.9	-0.59	-0.56	-0.5	0.87	0.93	-0.7
Cash And Short Term Investments	0.52	0.36	0.19	0.52	0.42	-0.96	-0.47	0.36	0.92	0.42		0.0	0.48	0.17	0.29	0.83	0.51	0.39	0.39	0.19	-0.61	-0.2	-0.45	0.17	0.47	-0.64
Net Receivables	-0.03	-0.38	0.15	-0.03	-0.09	0.1	-0.02	0.64	-0.03	-0.1	0.0		-0.2	0.45	-0.11	0.5	-0.06	-0.02	0.58	-0.23	-0.18	-0.43	0.1	-0.35	0.03	-0.1
Common Stock Shares Outstanding	0.97	0.57	0.12	0.96	0.97	-0.39	-0.85	-0.1	0.26	0.98	0.48	-0.2		0.14	0.84	0.2	0.97	0.93	0.04	0.92	-0.54	-0.48	-0.49	0.83	0.88	-0.66
Other Current Assets	0.26	-0.06	0.06	0.26	0.22	-0.18	-0.24	0.32	0.18	0.22	0.17	0.45	0.14		0.16	0.37	0.23	0.27	0.1	0.13	-0.28	-0.73	-0.31	-0.06	0.26	-0.5
Total Liab	0.8	0.75	0.55	0.78	0.82	-0.26	-0.76	-0.01	0.19	0.82	0.29	-0.11	0.84	0.16		0.1	0.81	0.77	-0.21	0.86	-0.28	-0.37	-0.25	0.73	0.69	-0.45
Total Current Assets	0.34	0.0	0.28	0.35	0.22	-0.79	-0.35	0.7	0.83	0.22	0.83	0.5	0.2	0.37	0.1		0.31	0.23	0.62	-0.08	-0.61	-0.33	-0.32	-0.09	0.38	-0.59
Common Stock	0.98	0.48	0.15	0.98	0.98	-0.42	-0.94	0.07	0.31	0.98	0.51	-0.06	0.97	0.23	0.81	0.31		0.98	0.15	0.86	-0.53	-0.52	-0.42	0.83	0.9	-0.72
Non Currrent Assets Other	0.97	0.37	0.09	0.97	0.98	-0.28	-0.92	0.04	0.18	0.97	0.39	-0.02	0.93	0.27	0.77	0.23	0.98		0.19	0.85	-0.51	-0.57	-0.39	0.87	0.91	-0.69
Short Term Investments	0.2	-0.43	-0.14	0.22	0.12	-0.2	-0.16	0.36	0.22	0.12	0.39	0.58	0.04	0.1	-0.21	0.62	0.15	0.19		-0.19	-0.42	-0.3	-0.17	-0.08	0.27	-0.35
Non Current Liabilities Total	0.86	0.59	0.05	0.84	0.9	-0.13	-0.7	-0.29	-0.01	0.9	0.19	-0.23	0.92	0.13	0.86	-0.08	0.86	0.85	-0.19		-0.4	-0.42	-0.33	0.85	0.76	-0.43
Other Stockholder Equity	-0.64	0.09	0.14	-0.66	-0.58	0.57	0.37	-0.24	-0.54	-0.59	-0.61	-0.18	-0.54	-0.28	-0.28	-0.61	-0.53	-0.51	-0.42	-0.4		0.54	0.65	-0.37	-0.74	0.64
Inventory	-0.58	0.06	0.0	-0.59	-0.56	0.13	0.45	-0.29	-0.1	-0.56	-0.2	-0.43	-0.48	-0.73	-0.37	-0.33	-0.52	-0.57	-0.3	-0.42	0.54		0.46	-0.24	-0.62	0.53
Short Long Term Debt Total	-0.52	-0.08	0.15	-0.53	-0.49	0.46	0.31	0.0	-0.4	-0.5	-0.45	0.1	-0.49	-0.31	-0.25	-0.32	-0.42	-0.39	-0.17	-0.33	0.65	0.46		-0.21	-0.55	0.71
Short Term Debt	0.82	0.38	0.04	0.82	0.87	-0.11	-0.75	-0.23	0.02	0.87	0.17	-0.35	0.83	-0.06	0.73	-0.09	0.83	0.87	-0.08	0.85	-0.37	-0.24	-0.21		0.77	-0.41
Net Tangible Assets	0.95	0.23	0.08	0.95	0.93	-0.4	-0.83	0.14	0.35	0.93	0.47	0.03	0.88	0.26	0.69	0.38	0.9	0.91	0.27	0.76	-0.74	-0.62	-0.55	0.77		-0.77
Long Term Debt	-0.75	-0.15	-0.1	-0.76	-0.7	0.6	0.73	-0.22	-0.57	-0.7	-0.64	-0.1	-0.66	-0.5	-0.45	-0.59	-0.72	-0.69	-0.35	-0.43	0.64	0.53	0.71	-0.41	-0.77

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Sirios Resources Account Relationship Matchups

Sirios Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	29.3M	32.3M	33.8M	37.5M	38.2M	40.1M
Other Current Liab	553.0	611.7K	102.3K	1.3M	1.5M	1.6M
Total Current Liabilities	219.0K	1.0M	431.5K	1.5M	461.9K	484.0K
Total Stockholder Equity	28.6M	30.7M	32.2M	34.6M	36.0M	37.8M
Property Plant And Equipment Net	26.3M	28.3M	32.5M	34.0M	36.0M	37.8M
Net Debt	(1.6M)	(3.1M)	(335.6K)	(2.3M)	(2.1M)	(2.0M)
Retained Earnings	(25.9M)	(27.3M)	(28.1M)	(27.9M)	(29.0M)	(27.6M)
Accounts Payable	218.4K	419.0K	329.3K	249.9K	136.8K	129.9K
Cash	1.6M	3.1M	375.6K	2.3M	1.9M	1.0M
Non Current Assets Total	26.3M	28.3M	32.5M	34.0M	36.0M	37.8M
Cash And Short Term Investments	2.5M	3.7M	462.8K	2.6M	3.0M	3.2M
Net Receivables	410.5K	136.2K	725.7K	731.4K	604.0	573.8
Common Stock Shares Outstanding	166.0M	191.5M	220.1M	260.1M	308.7M	324.2M
Liabilities And Stockholders Equity	29.3M	32.3M	33.8M	37.5M	43.2M	45.3M
Other Current Assets	78.4K	225.4K	121.9K	143.5K	165.0K	184.6K
Total Liab	691.2K	1.6M	1.5M	2.9M	2.2M	2.3M
Total Current Assets	3.0M	4.0M	1.3M	3.5M	2.3M	1.8M
Common Stock	49.9M	53.0M	55.2M	57.3M	65.9M	69.2M
Short Term Investments	878.7K	543.9K	87.2K	270.3K	132.2K	125.6K
Non Current Liabilities Total	472.3K	560.8K	1.1M	1.4M	1.7M	1.8M
Other Stockholder Equity	4.6M	5.0M	5.2M	5.2M	4.7M	9.3M
Net Tangible Assets	27.5M	28.5M	30.7M	32.2M	37.1M	23.8M
Property Plant Equipment	26.4M	26.3M	28.1M	32.5M	37.3M	21.2M
Net Invested Capital	28.6M	30.7M	32.3M	34.6M	36.0M	32.4M
Net Working Capital	2.7M	3.0M	878.8K	1.9M	1.8M	2.2M
Other Liab	1.0M	472.3K	520.8K	1.1M	1.2M	796.3K
Capital Stock	49.9M	53.0M	55.2M	57.3M	59.7M	58.9M

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