Sunwave Operating Income vs Total Operating Expenses Analysis

002115 Stock

6.40 0.32 4.76%

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

Operating Income vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sunwave Communications Operating Income account and Total Operating Expenses. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Sunwave Communications' Operating Income and Total Operating Expenses is 0.83. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Sunwave Communications Co, assuming nothing else is changed. The correlation between historical values of Sunwave Communications' Operating Income and Total Operating Expenses 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 Sunwave Communications Co are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Operating Income i.e., Sunwave Communications' Operating Income and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.83

Relationship Direction	Positive
Relationship Strength	Strong

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Operating Income

Operating Income is the amount of profit realized from Sunwave Communications 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 Sunwave Communications Co 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.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Most indicators from Sunwave Communications' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sunwave Communications 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Sunwave Communications Co. 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.

As of December 1, 2024, Selling General Administrative is expected to decline to about 173.5 M. In addition to that, Tax Provision is expected to decline to about 33.1 M

	2021	2022	2023	2024 (projected)
Operating Income	182.1M	171.0M	165.9M	94.5M
Total Revenue	10.3B	10.3B	12.5B	13.1B

Operating Income Total Revenue

Sunwave Communications fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Common Stock	Property Plant Equipment	Intangible Assets	Short Term Investments	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Good Will
Total Assets		0.75	0.97	0.98	0.89	0.15	0.82	0.83	0.67	0.16	0.84	-0.03	0.73	0.97	0.75	0.73	0.7	0.01	0.56	0.54	0.56	0.9	0.76	0.85	-0.06	0.75
Other Current Liab	0.75		0.8	0.67	0.62	0.32	0.63	0.55	0.55	0.16	0.46	-0.05	0.64	0.8	0.26	0.33	0.77	-0.19	0.03	0.12	0.56	0.59	0.41	0.74	0.38	0.76
Total Current Liabilities	0.97	0.8		0.93	0.81	0.0	0.86	0.83	0.53	0.02	0.8	0.02	0.71	0.96	0.71	0.76	0.69	0.03	0.55	0.54	0.43	0.89	0.8	0.81	0.02	0.7
Total Stockholder Equity	0.98	0.67	0.93		0.84	0.14	0.77	0.83	0.7	0.04	0.86	-0.06	0.76	0.9	0.77	0.7	0.58	-0.06	0.65	0.57	0.58	0.87	0.79	0.84	-0.16	0.73
Other Liab	0.89	0.62	0.81	0.84		0.3	0.72	0.72	0.66	0.41	0.7	0.05	0.6	0.89	0.63	0.63	0.69	0.09	0.39	0.49	0.6	0.81	0.57	0.72	0.04	0.65
Retained Earnings	0.15	0.32	0.0	0.14	0.3		-0.13	-0.09	0.54	0.49	-0.05	0.08	0.0	0.13	-0.27	-0.36	0.25	-0.07	-0.51	-0.52	0.65	-0.1	-0.42	0.32	0.32	0.46
Accounts Payable	0.82	0.63	0.86	0.77	0.72	-0.13		0.87	0.19	0.1	0.84	0.24	0.54	0.86	0.69	0.7	0.55	0.17	0.55	0.6	0.05	0.72	0.74	0.46	-0.15	0.36
Cash	0.83	0.55	0.83	0.83	0.72	-0.09	0.87		0.34	-0.05	0.84	0.08	0.58	0.78	0.73	0.65	0.37	-0.12	0.69	0.79	0.2	0.75	0.83	0.5	-0.45	0.4
Other Assets	0.67	0.55	0.53	0.7	0.66	0.54	0.19	0.34		0.27	0.41	-0.24	0.71	0.58	0.38	0.26	0.54	-0.27	0.15	0.15	0.95	0.55	0.31	0.82	0.14	0.83
Long Term Debt	0.16	0.16	0.02	0.04	0.41	0.49	0.1	-0.05	0.27		-0.01	-0.04	-0.03	0.29	0.04	0.02	0.61	0.2	-0.38	-0.17	0.31	0.09	-0.24	0.17	0.23	0.24
Net Receivables	0.84	0.46	0.8	0.86	0.7	-0.05	0.84	0.84	0.41	-0.01		0.25	0.63	0.77	0.77	0.62	0.37	0.22	0.71	0.63	0.23	0.66	0.74	0.49	-0.32	0.35
Inventory	-0.03	-0.05	0.02	-0.06	0.05	0.08	0.24	0.08	-0.24	-0.04	0.25		-0.18	0.01	-0.04	-0.05	-0.18	0.72	-0.14	-0.18	-0.33	-0.27	-0.19	-0.32	0.1	-0.31
Other Current Assets	0.73	0.64	0.71	0.76	0.6	0.0	0.54	0.58	0.71	-0.03	0.63	-0.18		0.67	0.55	0.46	0.51	-0.27	0.5	0.5	0.57	0.65	0.66	0.65	0.05	0.58
Total Liab	0.97	0.8	0.96	0.9	0.89	0.13	0.86	0.78	0.58	0.29	0.77	0.01	0.67		0.69	0.73	0.82	0.08	0.43	0.48	0.49	0.88	0.7	0.81	0.07	0.73
Common Stock	0.75	0.26	0.71	0.77	0.63	-0.27	0.69	0.73	0.38	0.04	0.77	-0.04	0.55	0.69		0.92	0.4	0.07	0.77	0.71	0.17	0.81	0.87	0.57	-0.47	0.45
Property Plant Equipment	0.73	0.33	0.76	0.7	0.63	-0.36	0.7	0.65	0.26	0.02	0.62	-0.05	0.46	0.73	0.92		0.49	0.15	0.68	0.64	0.1	0.87	0.86	0.59	-0.25	0.47
Intangible Assets	0.7	0.77	0.69	0.58	0.69	0.25	0.55	0.37	0.54	0.61	0.37	-0.18	0.51	0.82	0.4	0.49		0.05	-0.02	0.13	0.55	0.64	0.33	0.73	0.41	0.74
Short Term Investments	0.01	-0.19	0.03	-0.06	0.09	-0.07	0.17	-0.12	-0.27	0.2	0.22	0.72	-0.27	0.08	0.07	0.15	0.05		-0.04	-0.21	-0.33	-0.12	-0.18	-0.21	0.22	-0.3
Net Tangible Assets	0.56	0.03	0.55	0.65	0.39	-0.51	0.55	0.69	0.15	-0.38	0.71	-0.14	0.5	0.43	0.77	0.68	-0.02	-0.04		0.83	-0.03	0.65	0.86	0.29	-0.62	0.09
Other Stockholder Equity	0.54	0.12	0.54	0.57	0.49	-0.52	0.6	0.79	0.15	-0.17	0.63	-0.18	0.5	0.48	0.71	0.64	0.13	-0.21	0.83		0.01	0.65	0.83	0.24	-0.59	0.09
Deferred Long Term Liab	0.56	0.56	0.43	0.58	0.6	0.65	0.05	0.2	0.95	0.31	0.23	-0.33	0.57	0.49	0.17	0.1	0.55	-0.33	-0.03	0.01		0.44	0.14	0.78	0.29	0.81
Long Term Investments	0.9	0.59	0.89	0.87	0.81	-0.1	0.72	0.75	0.55	0.09	0.66	-0.27	0.65	0.88	0.81	0.87	0.64	-0.12	0.65	0.65	0.44		0.86	0.83	-0.13	0.72
Total Current Assets	0.76	0.41	0.8	0.79	0.57	-0.42	0.74	0.83	0.31	-0.24	0.74	-0.19	0.66	0.7	0.87	0.86	0.33	-0.18	0.86	0.83	0.14	0.86		0.56	-0.45	0.42
Non Current Assets Total	0.85	0.74	0.81	0.84	0.72	0.32	0.46	0.5	0.82	0.17	0.49	-0.32	0.65	0.81	0.57	0.59	0.73	-0.21	0.29	0.24	0.78	0.83	0.56		0.16	0.97
Non Currrent Assets Other	-0.06	0.38	0.02	-0.16	0.04	0.32	-0.15	-0.45	0.14	0.23	-0.32	0.1	0.05	0.07	-0.47	-0.25	0.41	0.22	-0.62	-0.59	0.29	-0.13	-0.45	0.16		0.23
Good Will	0.75	0.76	0.7	0.73	0.65	0.46	0.36	0.4	0.83	0.24	0.35	-0.31	0.58	0.73	0.45	0.47	0.74	-0.3	0.09	0.09	0.81	0.72	0.42	0.97	0.23

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Sunwave Communications Account Relationship Matchups

Sunwave Communications fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.6B	4.7B	4.4B	4.6B	4.4B	2.6B
Other Current Liab	367.2M	601.1M	450.3M	506.8M	60.5M	57.5M
Total Current Liabilities	1.5B	1.7B	1.9B	2.0B	1.7B	1.0B
Total Stockholder Equity	2.5B	2.5B	2.3B	2.4B	2.4B	1.3B
Other Liab	51.6M	43.1M	40.8M	38.7M	44.6M	28.7M
Retained Earnings	565.2M	549.4M	(154.8M)	(15.2M)	(31.8M)	(30.2M)
Accounts Payable	456.7M	831.2M	908.3M	882.2M	757.4M	490.6M
Cash	837.9M	1.0B	1.2B	1.0B	806.8M	526.5M
Other Assets	415.0M	236.7M	131.0M	89.3M	102.7M	110.4M
Long Term Debt	467.7M	321.5M	93.6M	55.2M	185.3M	227.9M
Net Receivables	767.2M	778.0M	925.3M	982.6M	890.5M	535.8M
Inventory	250.4M	295.2M	353.2M	433.1M	372.1M	383.2M
Other Current Assets	183.8M	223.7M	309.0M	270.2M	134.6M	106.5M
Total Liab	2.0B	2.1B	2.1B	2.1B	1.9B	1.3B
Common Stock	719.2M	717.0M	818.7M	811.0M	932.6M	979.3M
Property Plant Equipment	572.4M	588.3M	762.8M	900.9M	1.0B	1.1B
Intangible Assets	116.1M	100.3M	92.5M	80.2M	62.3M	64.4M
Short Term Investments	104.0M	20.2M	67.9M	182.7M	255.4M	142.6M
Net Tangible Assets	1.3B	1.3B	1.9B	2.0B	2.3B	1.3B
Other Stockholder Equity	10.2M	6.7M	24.0M	12.5M	14.4M	9.6M
Deferred Long Term Liab	371.7M	164.7M	52.3M	9.4M	10.8M	10.3M
Total Current Assets	2.1B	2.4B	2.9B	3.0B	2.6B	2.5B
Non Current Assets Total	2.5B	2.3B	1.5B	1.6B	1.8B	1.5B
Non Currrent Assets Other	2.5B	8.5M	3.3M	30.6M	27.5M	26.2M
Non Current Liabilities Total	510.3M	370.5M	156.8M	125.3M	241.9M	282.5M
Short Long Term Debt	415.4M	65.2M	205.2M	424.3M	327.3M	270.7M
Non Current Liabilities Other	7.2M	5.8M	7.2M	12.7M	6.0M	8.7M
Common Stock Shares Outstanding	719.2M	717.0M	818.7M	811.0M	932.6M	826.4M
Net Invested Capital	3.4B	2.9B	2.6B	2.9B	2.9B	3.1B
Net Working Capital	623.6M	673.0M	983.7M	985.6M	928.8M	699.1M
Capital Stock	719.2M	717.0M	818.7M	811.0M	932.6M	812.2M

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Other Information on Investing in Sunwave Stock

Balance Sheet is a snapshot of the financial position of Sunwave Communications at a specified time, usually calculated after every quarter, six months, or one year. Sunwave Communications Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sunwave Communications 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 Sunwave currently owns. An asset can also be divided into two categories, current and non-current.

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Sunwave Operating Income vs Total Operating Expenses Analysis

Operating Income vs Total Operating Expenses

Operating Income vs Total Operating Expenses Correlation Analysis

Correlation Coefficient

Operating Income

Total Operating Expenses

Sunwave Communications fundamental ratios Correlations

Sunwave Communications Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sunwave Communications fundamental ratios Accounts

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Total Stockholder Equity	+ 0.98	Total Assets
Total Current Liabilities	+ 0.97	Total Assets
Total Liab	+ 0.97	Total Assets
Good Will	+ 0.97	Non Current Assets Total
Total Liab	+ 0.96	Total Current Liabilities
Deferred Long Term Liab	+ 0.95	Other Assets

Non Currrent Assets Other	- 0.62	Net Tangible Assets
Non Currrent Assets Other	- 0.59	Other Stockholder Equity
Other Stockholder Equity	- 0.52	Retained Earnings
Net Tangible Assets	- 0.51	Retained Earnings
Non Currrent Assets Other	- 0.47	Common Stock
Non Currrent Assets Other	- 0.45	Total Current Assets