Torq Operating Income vs Income Before Tax Analysis

TORQ Stock

CAD 0.06 0.01 14.29%

Torq Resources financial indicator trend analysis is much more than just breaking down Torq Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Torq Resources is a good investment. Please check the relationship between Torq 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 Torq 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 producer price index.

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 Torq Resources Operating Income account and Income Before Tax. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Torq Resources' Operating Income and Income Before Tax is 0.84. 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 Torq Resources, assuming nothing else is changed. The correlation between historical values of Torq 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 Torq 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., Torq Resources' Operating Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

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Operating Income

Operating Income is the amount of profit realized from Torq 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 Torq 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 Torq Resources income statement and is an important metric when analyzing Torq 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 Torq Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Torq 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 Torq 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 producer price index.

At this time, Torq Resources' Selling General Administrative is fairly stable compared to the past year. Tax Provision is expected to grow at the current pace this year, despite the fact that Enterprise Value Over EBITDA is likely to grow to (1.31).

Torq Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Non Current Liabilities Total	Total Liab	Total Current Assets	Common Stock	Other Current Liab	Common Stock Shares Outstanding	Short Long Term Debt Total	Property Plant And Equipment Net	Accounts Payable	Other Stockholder Equity	Other Current Assets	Net Receivables	Intangible Assets	Non Currrent Assets Other	Inventory	Net Tangible Assets	Property Plant Equipment	Other Assets
Total Assets		0.05	0.98	-0.77	-0.12	0.79	0.47	0.79	0.06	0.1	0.81	0.48	-0.03	0.31	0.5	0.49	0.14	-0.37	0.14	0.42	0.14	0.12	0.2	0.65	0.17	-0.37
Total Current Liabilities	0.05		-0.13	0.36	-0.58	-0.25	0.41	-0.25	0.77	0.9	-0.22	0.42	0.8	0.35	0.1	0.36	0.78	0.34	0.57	0.18	-0.46	-0.5	0.1	0.02	0.57	-0.04
Total Stockholder Equity	0.98	-0.13		-0.82	0.04	0.81	0.42	0.81	-0.14	-0.1	0.83	0.38	-0.21	0.18	0.42	0.45	0.0	-0.37	0.0	0.43	0.29	0.19	0.13	0.58	-0.01	-0.31
Net Debt	-0.77	0.36	-0.82		0.02	-0.99	0.17	-0.99	0.18	0.23	-0.99	-0.42	0.18	-0.29	-0.53	0.14	0.33	0.51	0.13	0.07	-0.39	-0.23	-0.34	-0.71	0.0	0.5
Retained Earnings	-0.12	-0.58	0.04	0.02		-0.14	0.08	-0.14	-0.79	-0.76	-0.16	-0.83	-0.77	-0.95	-0.75	0.14	-0.45	0.2	-0.77	0.35	0.68	0.45	-0.7	-0.6	-0.92	0.65
Cash	0.79	-0.25	0.81	-0.99	-0.14		-0.16	1.0	-0.04	-0.09	1.0	0.51	-0.06	0.39	0.6	-0.13	-0.25	-0.53	-0.04	-0.1	0.29	0.2	0.41	0.78	0.13	-0.56
Non Current Assets Total	0.47	0.41	0.42	0.17	0.08	-0.16		-0.16	0.12	0.25	-0.12	0.01	0.0	-0.13	-0.1	0.99	0.52	0.19	0.2	0.83	-0.13	-0.08	-0.28	-0.11	0.02	0.23
Cash And Short Term Investments	0.79	-0.25	0.81	-0.99	-0.14	1.0	-0.16		-0.04	-0.09	1.0	0.51	-0.06	0.39	0.6	-0.13	-0.25	-0.53	-0.04	-0.1	0.29	0.2	0.41	0.78	0.13	-0.56
Non Current Liabilities Total	0.06	0.77	-0.14	0.18	-0.79	-0.04	0.12	-0.04		0.97	-0.03	0.55	0.9	0.66	0.44	0.05	0.52	-0.12	0.61	-0.26	-0.75	-0.2	0.42	0.42	0.88	-0.35
Total Liab	0.1	0.9	-0.1	0.23	-0.76	-0.09	0.25	-0.09	0.97		-0.07	0.55	0.9	0.6	0.36	0.18	0.68	0.01	0.66	-0.08	-0.69	-0.31	0.32	0.32	0.83	-0.28
Total Current Assets	0.81	-0.22	0.83	-0.99	-0.16	1.0	-0.12	1.0	-0.03	-0.07		0.53	-0.05	0.41	0.62	-0.1	-0.2	-0.53	0.0	-0.07	0.28	0.19	0.4	0.79	0.15	-0.56
Common Stock	0.48	0.42	0.38	-0.42	-0.83	0.51	0.01	0.51	0.55	0.55	0.53		0.57	0.85	0.81	0.01	0.33	-0.32	0.62	-0.17	-0.22	-0.36	0.66	0.8	0.72	-0.71
Other Current Liab	-0.03	0.8	-0.21	0.18	-0.77	-0.06	0.0	-0.06	0.9	0.9	-0.05	0.57		0.6	0.35	-0.05	0.46	0.05	0.56	-0.36	-0.54	-0.38	0.5	0.28	0.78	-0.39
Common Stock Shares Outstanding	0.31	0.35	0.18	-0.29	-0.95	0.39	-0.13	0.39	0.66	0.6	0.41	0.85	0.6		0.91	-0.19	0.3	-0.42	0.72	-0.36	-0.6	-0.29	0.77	0.78	0.88	-0.77
Short Long Term Debt Total	0.5	0.1	0.42	-0.53	-0.75	0.6	-0.1	0.6	0.44	0.36	0.62	0.81	0.35	0.91		-0.14	0.13	-0.7	0.68	-0.27	-0.37	-0.08	0.68	0.84	0.74	-0.76
Property Plant And Equipment Net	0.49	0.36	0.45	0.14	0.14	-0.13	0.99	-0.13	0.05	0.18	-0.1	0.01	-0.05	-0.19	-0.14		0.47	0.19	0.15	0.85	-0.02	-0.06	-0.31	-0.12	-0.05	0.26
Accounts Payable	0.14	0.78	0.0	0.33	-0.45	-0.25	0.52	-0.25	0.52	0.68	-0.2	0.33	0.46	0.3	0.13	0.47		0.22	0.69	0.42	-0.46	-0.33	0.0	0.05	0.46	-0.07
Other Stockholder Equity	-0.37	0.34	-0.37	0.51	0.2	-0.53	0.19	-0.53	-0.12	0.01	-0.53	-0.32	0.05	-0.42	-0.7	0.19	0.22		-0.33	0.23	0.07	-0.56	-0.27	-0.63	-0.36	0.4
Other Current Assets	0.14	0.57	0.0	0.13	-0.77	-0.04	0.2	-0.04	0.61	0.66	0.0	0.62	0.56	0.72	0.68	0.15	0.69	-0.33		0.0	-0.56	-0.33	0.35	0.35	0.8	-0.42
Net Receivables	0.42	0.18	0.43	0.07	0.35	-0.1	0.83	-0.1	-0.26	-0.08	-0.07	-0.17	-0.36	-0.36	-0.27	0.85	0.42	0.23	0.0		0.18	0.06	-0.58	-0.24	-0.36	0.45
Intangible Assets	0.14	-0.46	0.29	-0.39	0.68	0.29	-0.13	0.29	-0.75	-0.69	0.28	-0.22	-0.54	-0.6	-0.37	-0.02	-0.46	0.07	-0.56	0.18		0.15	-0.35	-0.23	-0.74	0.26
Non Currrent Assets Other	0.12	-0.5	0.19	-0.23	0.45	0.2	-0.08	0.2	-0.2	-0.31	0.19	-0.36	-0.38	-0.29	-0.08	-0.06	-0.33	-0.56	-0.33	0.06	0.15		-0.23	0.13	-0.3	0.15
Inventory	0.2	0.1	0.13	-0.34	-0.7	0.41	-0.28	0.41	0.42	0.32	0.4	0.66	0.5	0.77	0.68	-0.31	0.0	-0.27	0.35	-0.58	-0.35	-0.23		0.63	0.61	-0.86
Net Tangible Assets	0.65	0.02	0.58	-0.71	-0.6	0.78	-0.11	0.78	0.42	0.32	0.79	0.8	0.28	0.78	0.84	-0.12	0.05	-0.63	0.35	-0.24	-0.23	0.13	0.63		0.6	-0.73
Property Plant Equipment	0.17	0.57	-0.01	0.0	-0.92	0.13	0.02	0.13	0.88	0.83	0.15	0.72	0.78	0.88	0.74	-0.05	0.46	-0.36	0.8	-0.36	-0.74	-0.3	0.61	0.6		-0.62
Other Assets	-0.37	-0.04	-0.31	0.5	0.65	-0.56	0.23	-0.56	-0.35	-0.28	-0.56	-0.71	-0.39	-0.77	-0.76	0.26	-0.07	0.4	-0.42	0.45	0.26	0.15	-0.86	-0.73	-0.62

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Torq Resources Account Relationship Matchups

Torq Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.1M	9.1M	4.0M	15.6M	4.2M	5.1M
Total Current Liabilities	219.3K	202.9K	676.5K	1.6M	1.2M	1.3M
Total Stockholder Equity	10.8M	8.9M	3.3M	12.0M	1.0M	986.0K
Net Debt	(10.8M)	(8.7M)	(1.9M)	(10.5M)	1.5M	1.6M
Retained Earnings	(46.6M)	(48.7M)	(55.1M)	(66.9M)	(86.1M)	(81.8M)
Cash	10.8M	8.7M	1.9M	12.5M	488.0K	463.6K
Cash And Short Term Investments	10.8M	8.7M	1.9M	12.5M	488.0K	463.6K
Liabilities And Stockholders Equity	11.1M	9.1M	4.0M	15.6M	4.2M	5.1M
Non Current Liabilities Total	151.0K	68.2K	0.0	2.0M	2.0M	2.1M
Total Liab	219.3K	202.9K	676.5K	3.6M	3.2M	3.3M
Total Current Assets	11.1M	9.1M	2.7M	13.0M	1.1M	1.0M
Other Current Liab	219.3K	202.9K	676.5K	1.6M	1.2M	1.3M
Accounts Payable	50.4K	42.9K	81.3K	676.5K	778.0K	816.9K
Other Stockholder Equity	8.4M	8.6M	9.4M	10.6M	12.2M	16.0M
Other Current Assets	187.8K	303.8K	664.4K	466.1K	559.0K	587.0K
Accumulated Other Comprehensive Income	(19.0)	(1.3K)	(52.3K)	89.8K	14.0M	14.7M
Net Receivables	24.9K	43.0K	150.3K	65.9K	37.1K	35.3K
Net Tangible Assets	10.8M	8.9M	3.3M	12.0M	13.8M	7.6M
Net Invested Capital	10.8M	8.9M	3.3M	14.0M	3.0M	2.9M
Net Working Capital	10.8M	8.9M	2.0M	11.4M	(114.8K)	(109.1K)

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