Sitio Operating Income vs Income Before Tax Analysis

STR Stock

USD 24.52 0.12 0.49%

Sitio Royalties financial indicator trend analysis is much more than just breaking down Sitio Royalties Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sitio Royalties Corp is a good investment. Please check the relationship between Sitio Royalties 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 Sitio Royalties Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

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 Sitio Royalties Corp Operating Income account and Income Before Tax. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Sitio Royalties' Operating Income and Income Before Tax is 0.94. 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 Sitio Royalties Corp, assuming nothing else is changed. The correlation between historical values of Sitio Royalties' 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 Sitio Royalties Corp 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., Sitio Royalties' Operating Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

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Operating Income

Operating Income is the amount of profit realized from Sitio Royalties Corp 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 Sitio Royalties Corp 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 Sitio Royalties income statement and is an important metric when analyzing Sitio Royalties Corp 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 Sitio Royalties' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sitio Royalties Corp 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 Sitio Royalties Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

At this time, Sitio Royalties' Selling General Administrative is relatively stable compared to the past year. As of 11/25/2024, Tax Provision is likely to grow to about 7.7 M, while Sales General And Administrative To Revenue is likely to drop 0.08.

	2021	2022	2023	2024 (projected)
Total Revenue	120.6M	369.6M	593.4M	967.3M
Depreciation And Amortization	40.9M	104.5M	291.3M	162.9M

Total Revenue Depreciation And Amortization

Sitio Royalties fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Other Stockholder Equity	Non Currrent Assets Other
Total Assets		0.89	0.59	0.61	0.98	0.93	0.58	0.89	0.52	0.57	0.78	0.93	0.7	0.88	0.06	0.59	0.14	0.85	0.67	0.76	0.82	0.39	-0.32	0.5	0.4	-0.06
Short Long Term Debt Total	0.89		0.8	0.77	0.8	0.81	0.8	1.0	0.62	0.65	0.69	0.82	0.66	0.69	-0.25	0.55	0.08	0.98	0.83	0.96	0.87	0.46	-0.25	0.67	0.13	0.26
Other Current Liab	0.59	0.8		0.98	0.46	0.45	0.97	0.8	0.9	0.76	0.71	0.46	0.73	0.43	-0.07	0.69	0.17	0.82	0.99	0.87	0.86	0.72	-0.23	0.87	-0.38	0.08
Total Current Liabilities	0.61	0.77	0.98		0.49	0.46	0.97	0.77	0.93	0.83	0.69	0.47	0.74	0.51	0.06	0.78	0.17	0.78	0.98	0.84	0.88	0.78	-0.37	0.9	-0.38	-0.05
Total Stockholder Equity	0.98	0.8	0.46	0.49		0.95	0.44	0.79	0.4	0.46	0.76	0.95	0.67	0.91	0.13	0.55	0.12	0.76	0.55	0.66	0.76	0.33	-0.32	0.38	0.53	-0.14
Property Plant And Equipment Net	0.93	0.81	0.45	0.46	0.95		0.43	0.81	0.32	0.4	0.7	1.0	0.66	0.9	0.01	0.5	0.06	0.77	0.53	0.72	0.78	0.29	-0.34	0.32	0.62	-0.01
Current Deferred Revenue	0.58	0.8	0.97	0.97	0.44	0.43		0.8	0.9	0.81	0.65	0.44	0.7	0.44	-0.08	0.71	0.16	0.8	0.98	0.88	0.85	0.69	-0.33	0.9	-0.4	0.08
Net Debt	0.89	1.0	0.8	0.77	0.79	0.81	0.8		0.62	0.65	0.69	0.81	0.65	0.69	-0.26	0.54	0.07	0.98	0.83	0.96	0.86	0.46	-0.25	0.67	0.13	0.26
Retained Earnings	0.52	0.62	0.9	0.93	0.4	0.32	0.9	0.62		0.92	0.68	0.34	0.79	0.5	0.32	0.87	0.36	0.65	0.91	0.68	0.82	0.62	-0.53	0.92	-0.5	-0.31
Accounts Payable	0.57	0.65	0.76	0.83	0.46	0.4	0.81	0.65	0.92		0.55	0.42	0.74	0.62	0.34	0.89	0.37	0.64	0.81	0.67	0.8	0.44	-0.75	0.89	-0.37	-0.33
Cash	0.78	0.69	0.71	0.69	0.76	0.7	0.65	0.69	0.68	0.55		0.7	0.85	0.68	0.26	0.68	0.27	0.74	0.76	0.65	0.82	0.46	-0.21	0.59	0.07	-0.24
Non Current Assets Total	0.93	0.82	0.46	0.47	0.95	1.0	0.44	0.81	0.34	0.42	0.7		0.67	0.9	0.01	0.51	0.07	0.78	0.54	0.73	0.79	0.3	-0.35	0.34	0.61	-0.02
Cash And Short Term Investments	0.7	0.66	0.73	0.74	0.67	0.66	0.7	0.65	0.79	0.74	0.85	0.67		0.73	0.38	0.84	0.58	0.73	0.77	0.68	0.88	0.39	-0.54	0.69	-0.01	-0.37
Net Receivables	0.88	0.69	0.43	0.51	0.91	0.9	0.44	0.69	0.5	0.62	0.68	0.9	0.73		0.37	0.73	0.17	0.63	0.53	0.6	0.81	0.34	-0.65	0.45	0.45	-0.38
Good Will	0.06	-0.25	-0.07	0.06	0.13	0.01	-0.08	-0.26	0.32	0.34	0.26	0.01	0.38	0.37		0.58	0.39	-0.25	0.0	-0.31	0.14	0.08	-0.58	0.13	-0.05	-1.0
Common Stock Shares Outstanding	0.59	0.55	0.69	0.78	0.55	0.5	0.71	0.54	0.87	0.89	0.68	0.51	0.84	0.73	0.58		0.36	0.54	0.76	0.56	0.83	0.5	-0.75	0.77	-0.18	-0.58
Short Term Investments	0.14	0.08	0.17	0.17	0.12	0.06	0.16	0.07	0.36	0.37	0.27	0.07	0.58	0.17	0.39	0.36		0.24	0.16	0.07	0.2	-0.13	-0.32	0.2	-0.17	-0.38
Non Current Liabilities Total	0.85	0.98	0.82	0.78	0.76	0.77	0.8	0.98	0.65	0.64	0.74	0.78	0.73	0.63	-0.25	0.54	0.24		0.84	0.95	0.85	0.42	-0.19	0.66	0.08	0.25
Other Current Assets	0.67	0.83	0.99	0.98	0.55	0.53	0.98	0.83	0.91	0.81	0.76	0.54	0.77	0.53	0.0	0.76	0.16	0.84		0.89	0.91	0.7	-0.32	0.89	-0.31	0.01
Total Liab	0.76	0.96	0.87	0.84	0.66	0.72	0.88	0.96	0.68	0.67	0.65	0.73	0.68	0.6	-0.31	0.56	0.07	0.95	0.89		0.89	0.52	-0.27	0.73	0.0	0.31
Total Current Assets	0.82	0.87	0.86	0.88	0.76	0.78	0.85	0.86	0.82	0.8	0.82	0.79	0.88	0.81	0.14	0.83	0.2	0.85	0.91	0.89		0.6	-0.53	0.79	0.03	-0.14
Short Term Debt	0.39	0.46	0.72	0.78	0.33	0.29	0.69	0.46	0.62	0.44	0.46	0.3	0.39	0.34	0.08	0.5	-0.13	0.42	0.7	0.52	0.6		-0.1	0.57	-0.23	-0.08
Intangible Assets	-0.32	-0.25	-0.23	-0.37	-0.32	-0.34	-0.33	-0.25	-0.53	-0.75	-0.21	-0.35	-0.54	-0.65	-0.58	-0.75	-0.32	-0.19	-0.32	-0.27	-0.53	-0.1		-0.5	0.05	0.59
Common Stock	0.5	0.67	0.87	0.9	0.38	0.32	0.9	0.67	0.92	0.89	0.59	0.34	0.69	0.45	0.13	0.77	0.2	0.66	0.89	0.73	0.79	0.57	-0.5		-0.48	-0.12
Other Stockholder Equity	0.4	0.13	-0.38	-0.38	0.53	0.62	-0.4	0.13	-0.5	-0.37	0.07	0.61	-0.01	0.45	-0.05	-0.18	-0.17	0.08	-0.31	0.0	0.03	-0.23	0.05	-0.48		0.04
Non Currrent Assets Other	-0.06	0.26	0.08	-0.05	-0.14	-0.01	0.08	0.26	-0.31	-0.33	-0.24	-0.02	-0.37	-0.38	-1.0	-0.58	-0.38	0.25	0.01	0.31	-0.14	-0.08	0.59	-0.12	0.04

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Sitio Royalties Account Relationship Matchups

Sitio Royalties fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	290.3M	275.7M	1.2B	5.2B	4.8B	2.4B
Short Long Term Debt Total	42.5M	39.8M	134M	945.8M	872.5M	553.5M
Total Current Liabilities	2.2M	3.1M	4.6M	26.4M	31.8M	30.2M
Total Stockholder Equity	129.1M	139.8M	560.6M	1.7B	1.6B	1.0B
Property Plant And Equipment Net	219.7M	207.9M	1.2B	5.0B	4.6B	4.8B
Net Debt	40.0M	37.1M	121.6M	926.9M	857.3M	536.0M
Retained Earnings	22.7M	18.7M	9.6M	(9.2M)	(187.7M)	(178.4M)
Accounts Payable	2.2M	1.5M	175K	21.9M	268K	254.6K
Cash	2.5M	2.7M	12.4M	18.8M	15.2M	12.7M
Non Current Assets Total	278.7M	266.8M	1.2B	5.0B	4.6B	4.8B
Cash And Short Term Investments	2.5M	2.7M	12.4M	18.8M	15.2M	28.4M
Net Receivables	7.9M	5.4M	36.2M	142.0M	107.3M	125.7M
Common Stock Shares Outstanding	11.5M	21.5M	20.0M	13.7M	81.3M	88.1M
Liabilities And Stockholders Equity	290.3M	275.7M	1.2B	5.2B	4.8B	2.6B
Non Current Liabilities Total	43.1M	44.2M	135.1M	1.3B	1.1B	694.4M
Other Current Assets	1.2M	7.0M	235K	31.4M	31.4M	29.9M
Total Liab	45.3M	47.3M	139.7M	1.3B	1.2B	1.7B
Total Current Assets	11.6M	8.9M	48.8M	192.2M	154.0M	278.2M
Other Stockholder Equity	129.1M	121.1M	(9.6M)	1.7B	1.8B	1.9B
Non Currrent Assets Other	2.5M	3.0M	(50.0M)	8.8M	17.5M	18.4M
Long Term Debt Total	42.5M	39.8M	40M	938.9M	1.1B	1.1B
Capital Surpluse	117.6M	121.1M	121.0M	1.8B	2.0B	2.1B
Cash And Equivalents	2.5M	2.7M	2.8M	18.8M	21.6M	22.7M
Other Assets	979K	1.0M	2.1M	22.2M	20.0M	14.1M
Long Term Debt	42.5M	39.8M	40M	938.9M	865.3M	908.6M
Net Invested Capital	171.6M	163.3M	170.7M	2.7B	2.5B	2.6B
Net Working Capital	9.4M	5.8M	10.0M	165.8M	122.2M	128.3M

Pair Trading with Sitio Royalties

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 Sitio Royalties 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 Sitio Royalties will appreciate offsetting losses from the drop in the long position's value.

Moving together with Sitio Stock

0.72	AR	Antero Resources Corp	Pair Corr
0.75	EP	Empire Petroleum Corp	Pair Corr
0.87	LB	LandBridge Company Upward Rally	Pair Corr
0.85	PR	Permian Resources Aggressive Push	Pair Corr

Moving against Sitio Stock

0.71	BRN	Barnwell Industries	Pair Corr
0.55	BRY	Berry Petroleum Corp	Pair Corr
0.4	APA	APA Corporation	Pair Corr

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

The correlation of Sitio Royalties 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 Sitio Royalties moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sitio Royalties Corp 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 Sitio Royalties 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

Additional Tools for Sitio Stock Analysis

When running Sitio Royalties' price analysis, check to measure Sitio Royalties' 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 Sitio Royalties is operating at the current time. Most of Sitio Royalties' value examination focuses on studying past and present price action to predict the probability of Sitio Royalties' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sitio Royalties' price. Additionally, you may evaluate how the addition of Sitio Royalties to your portfolios can decrease your overall portfolio volatility.

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