Brookfield Cost Of Revenue vs Gross Profit Analysis
BEPC Stock | CAD 42.04 0.27 0.64% |
Brookfield Renewable financial indicator trend analysis is way more than just evaluating Brookfield Renewable Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Brookfield Renewable Corp is a good investment. Please check the relationship between Brookfield Renewable Cost Of Revenue and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Renewable 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 board of governors.
Cost Of Revenue vs Gross Profit
Cost Of Revenue vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Brookfield Renewable Corp Cost Of Revenue account and Gross Profit. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Brookfield Renewable's Cost Of Revenue and Gross Profit is 0.98. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Brookfield Renewable Corp, assuming nothing else is changed. The correlation between historical values of Brookfield Renewable's Cost Of Revenue and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Brookfield Renewable Corp are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Cost Of Revenue i.e., Brookfield Renewable's Cost Of Revenue and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Cost Of Revenue
Cost of Revenue is found on Brookfield Renewable Corp income statement and represents the costs associated with goods and services Brookfield Renewable provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Brookfield Renewable Corp minus its cost of goods sold. It is profit before Brookfield Renewable operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most indicators from Brookfield Renewable's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Brookfield Renewable 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Renewable 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 board of governors. At this time, Brookfield Renewable's Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024, Issuance Of Capital Stock is likely to grow to about 263.6 M, while Tax Provision is likely to drop about 55.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.2B | 2.6B | 2.5B | 2.1B | Total Revenue | 3.4B | 3.8B | 4.0B | 3.2B |
Brookfield Renewable fundamental ratios Correlations
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Brookfield Renewable Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Brookfield Renewable fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 35.8B | 39.5B | 42.0B | 43.3B | 49.4B | 38.0B | |
Short Long Term Debt Total | 12.3B | 13.7B | 13.5B | 15.1B | 16.6B | 12.4B | |
Other Current Liab | 125M | (916M) | 6.4B | (1.3B) | 5.2B | 5.4B | |
Total Current Liabilities | 1.4B | 3.3B | 3.1B | 3.0B | 8.3B | 8.8B | |
Total Stockholder Equity | 7.3B | 1.2B | 3.7B | 5.9B | 5.8B | 5.3B | |
Other Liab | 4.8B | 5.5B | 6.4B | 6.5B | 7.4B | 4.8B | |
Net Tangible Assets | 6.2B | (26M) | 2.6B | 4.9B | 5.7B | 3.1B | |
Property Plant And Equipment Net | 32.6B | 36.1B | 37.9B | 37.8B | 44.0B | 34.1B | |
Net Debt | 12.0B | 12.5B | 13.1B | 14.5B | 16.1B | 11.9B | |
Accounts Payable | 118M | 3.3B | 3.1B | 3.0B | 184M | 174.8M | |
Cash | 304M | 355M | 410M | 642M | 441M | 364.7M | |
Non Current Assets Total | 34.4B | 37.8B | 39.6B | 40.1B | 46.1B | 35.9B | |
Non Currrent Assets Other | 193M | 79M | 57M | (70M) | 478M | 501.9M | |
Other Assets | 197M | 217M | 241M | 652M | 749.8M | 787.3M | |
Cash And Short Term Investments | 304M | 355M | 410M | 642M | 441M | 364.7M | |
Net Receivables | 720M | 1.3B | 2.0B | 2.6B | 2.1B | 1.5B | |
Good Will | 949M | 970M | 849M | 1.8B | 854M | 1.1B | |
Liabilities And Stockholders Equity | 35.8B | 39.5B | 42.0B | 43.3B | 49.4B | 38.0B | |
Non Current Liabilities Total | 16.5B | 24.5B | 24.7B | 23.4B | 24.0B | 19.6B | |
Other Current Assets | 137M | 45M | 83M | 53M | 76M | 65.9M | |
Other Stockholder Equity | 5.9B | 7.0B | (4.8B) | (3.2B) | (3.5B) | (3.3B) | |
Total Liab | 17.9B | 27.7B | 27.8B | 26.5B | 32.3B | 22.8B | |
Total Current Assets | 1.4B | 1.7B | 2.4B | 3.2B | 3.3B | 2.1B | |
Accumulated Other Comprehensive Income | 5.9B | 7.0B | 8.5B | 9.1B | 9.3B | 7.3B | |
Short Term Debt | 623M | 916M | 1.5B | 1.3B | 1.9B | 1.1B | |
Common Stock | 2.0B | 1.5B | (5.8B) | (4.8B) | (4.4B) | (4.1B) | |
Property Plant Equipment | 32.6B | 36.1B | 37.9B | 37.8B | 43.5B | 29.4B | |
Current Deferred Revenue | 558M | (8.5B) | (7.9B) | 1.1B | 960.3M | 1.0B | |
Long Term Debt | 5.5B | 12.8B | 13.5B | 13.8B | 14.2B | 11.9B | |
Capital Lease Obligations | 66M | 392M | 371M | 364M | 501M | 310.6M | |
Inventory | 202M | 22M | 20M | 18M | 65M | 57.6M | |
Net Invested Capital | 13.4B | 14.0B | 17.2B | 19.7B | 21.9B | 18.2B | |
Long Term Investments | 348M | 372M | 455M | 451M | 644M | 469.5M | |
Short Long Term Debt | 156M | 886M | 1.5B | 1.3B | 1.9B | 1.1B | |
Non Current Liabilities Other | 44M | 7.4B | 6.2B | 4.4B | 94M | 89.3M | |
Net Working Capital | 132M | (8.4B) | (700M) | 187M | (5.0B) | (4.8B) |
Pair Trading with Brookfield Renewable
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 Brookfield Renewable 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 Brookfield Renewable will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Brookfield Renewable could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brookfield Renewable 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 Brookfield Renewable - 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 Brookfield Renewable Corp to buy it.
The correlation of Brookfield Renewable 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 Brookfield Renewable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brookfield Renewable 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 Brookfield Renewable 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Renewable 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 board of governors. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.