Castor Total Operating Expenses vs Operating Income Analysis

CTRM Stock  USD 3.44  0.03  0.88%   
Castor Maritime financial indicator trend analysis is way more than just evaluating Castor Maritime prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Castor Maritime is a good investment. Please check the relationship between Castor Maritime Total Operating Expenses and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Castor Maritime. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in Castor Stock, please use our How to Invest in Castor Maritime guide.

Total Operating Expenses vs Operating Income

Total Operating Expenses vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Castor Maritime Total Operating Expenses account and Operating Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Castor Maritime's Total Operating Expenses and Operating Income is 0.88. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Operating Income in the same time period over historical financial statements of Castor Maritime, assuming nothing else is changed. The correlation between historical values of Castor Maritime's Total Operating Expenses and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Operating Expenses of Castor Maritime are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Total Operating Expenses i.e., Castor Maritime's Total Operating Expenses and Operating Income go up and down completely randomly.

Correlation Coefficient

0.88
Relationship DirectionPositive 
Relationship StrengthStrong

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.

Operating Income

Operating Income is the amount of profit realized from Castor Maritime 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 Castor Maritime 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.
Most indicators from Castor Maritime's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Castor Maritime 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 Castor Maritime. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in Castor Stock, please use our How to Invest in Castor Maritime guide.As of the 11th of December 2024, Issuance Of Capital Stock is likely to grow to about 136.3 M, while Selling General Administrative is likely to drop about 6.7 M.
 2021 2022 2023 2024 (projected)
Gross Profit65.5M140.3M28.5M37.9M
Total Revenue132.0M262.1M97.5M81.1M

Castor Maritime fundamental ratios Correlations

0.890.911.00.990.89-0.030.940.860.960.930.670.930.870.90.920.910.750.910.930.911.00.90.930.880.74
0.890.990.880.840.980.270.730.990.860.970.720.720.640.780.630.990.860.820.950.990.910.980.70.60.73
0.910.990.90.860.980.250.760.990.870.980.690.740.70.840.680.990.870.830.971.00.930.980.730.640.79
1.00.880.91.00.88-0.050.940.840.960.920.670.940.880.90.930.90.740.910.920.91.00.890.940.890.73
0.990.840.861.00.84-0.110.960.80.950.890.650.960.90.890.950.860.70.910.890.860.990.860.960.920.71
0.890.980.980.880.840.380.690.970.810.980.640.680.720.80.650.990.940.750.980.990.911.00.670.570.75
-0.030.270.25-0.05-0.110.38-0.370.33-0.220.26-0.2-0.380.040.05-0.310.290.63-0.310.270.280.00.35-0.37-0.470.2
0.940.730.760.940.960.69-0.370.680.970.770.691.00.790.80.960.750.480.960.760.750.930.721.00.980.6
0.860.990.990.840.80.970.330.680.820.940.640.670.620.810.580.970.880.780.930.980.880.970.650.550.79
0.960.860.870.960.950.81-0.220.970.820.860.750.960.730.820.880.860.590.990.840.870.960.820.950.910.66
0.930.970.980.920.890.980.260.770.940.860.690.760.770.840.730.990.880.81.00.990.940.990.760.670.77
0.670.720.690.670.650.64-0.20.690.640.750.690.660.360.460.550.690.40.770.660.690.680.650.640.60.37
0.930.720.740.940.960.68-0.381.00.670.960.760.660.810.820.970.730.470.950.750.740.920.711.00.990.62
0.870.640.70.880.90.720.040.790.620.730.770.360.810.890.910.690.70.640.80.690.860.740.830.80.74
0.90.780.840.90.890.80.050.80.810.820.840.460.820.890.820.80.730.760.850.810.890.820.820.770.94
0.920.630.680.930.950.65-0.310.960.580.880.730.550.970.910.820.670.50.840.750.670.90.670.980.980.61
0.910.990.990.90.860.990.290.750.970.860.990.690.730.690.80.670.880.810.971.00.920.990.720.630.73
0.750.860.870.740.70.940.630.480.880.590.880.40.470.70.730.50.880.50.890.880.770.930.470.370.7
0.910.820.830.910.910.75-0.310.960.780.990.80.770.950.640.760.840.810.50.770.820.910.760.930.90.6
0.930.950.970.920.890.980.270.760.930.841.00.660.750.80.850.750.970.890.770.970.940.990.750.670.78
0.910.991.00.90.860.990.280.750.980.870.990.690.740.690.810.671.00.880.820.970.930.990.730.630.75
1.00.910.931.00.990.910.00.930.880.960.940.680.920.860.890.90.920.770.910.940.930.920.920.860.74
0.90.980.980.890.861.00.350.720.970.820.990.650.710.740.820.670.990.930.760.990.990.920.70.60.75
0.930.70.730.940.960.67-0.371.00.650.950.760.641.00.830.820.980.720.470.930.750.730.920.70.990.62
0.880.60.640.890.920.57-0.470.980.550.910.670.60.990.80.770.980.630.370.90.670.630.860.60.990.55
0.740.730.790.730.710.750.20.60.790.660.770.370.620.740.940.610.730.70.60.780.750.740.750.620.55
Click cells to compare fundamentals

Castor Maritime Account Relationship Matchups

Castor Maritime fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets30.4M74.4M462.9M632.9M605.0M635.3M
Other Current Liab556.2K1.6M9.0M14.6M6.5M5.1M
Total Current Liabilities3.0M10.9M34.0M51.4M28.6M20.2M
Total Stockholder Equity13.2M52.4M342.9M461.5M461.2M484.2M
Net Tangible Assets13.2M52.4M342.9M461.5M530.7M557.3M
Property Plant And Equipment Net23.7M58.0M396.3M435.9M229.5M182.0M
Net Debt11.2M9.3M64.9M9.5M(28.0M)(26.6M)
Retained Earnings436.8K(1.3M)39.2M157.7M194.7M204.5M
Accounts Payable410.6K2.1M5.0M7.8M2.8M2.9M
Cash4.6M8.9M37.2M142.4M111.4M117.0M
Non Current Assets Total24.2M60.8M407.9M466.7M362.8M210.1M
Non Currrent Assets Other500K2.3M6.9M19.7M15.7M8.3M
Other Assets500K2.8M13.9M30.8M1.00.95
Long Term Debt14.2M11.1M85.9M120.1M65.7M46.7M
Cash And Short Term Investments4.6M8.9M37.2M142.4M188.5M197.9M
Net Receivables759.4K2.9M8.2M2.7M8.6M9.0M
Common Stock Shares Outstanding26.6K677.4K8.5M9.5M22.0M23.1M
Liabilities And Stockholders Equity30.4M74.4M462.9M632.9M605.0M635.3M
Non Current Liabilities Total14.2M11.1M85.9M120.1M65.7M46.7M
Inventory143.5K714.8K4.4M2.8M977.6K1.4M
Other Current Assets902.6K1.1M5.2M61.2M44.3M46.5M
Other Stockholder Equity7.6M12.8M53.6M303.7M266.4M150.1M
Total Liab17.2M22.0M120.0M171.4M94.3M66.8M
Deferred Long Term Liab500K2.1M4.9M8.0M9.2M9.6M
Net Invested Capital29.0M70.6M445.0M613.3M544.6M571.8M
Property Plant And Equipment Gross23.7M58.0M396.3M435.9M262.1M187.1M
Short Long Term Debt1.5M7.1M16.1M31.8M17.7M11.7M
Total Current Assets6.2M13.6M55.0M166.2M242.3M254.4M
Net Working Capital3.2M2.7M21.0M114.9M213.7M224.4M
Short Term Debt1.5M7.1M16.1M29.2M17.7M11.2M
Property Plant Equipment23.7M58.0M394.0M435.9M501.3M526.3M

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
When determining whether Castor Maritime is a strong investment it is important to analyze Castor Maritime's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Castor Maritime's future performance. For an informed investment choice regarding Castor Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Castor Maritime. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in Castor Stock, please use our How to Invest in Castor Maritime guide.
You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Is Marine Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Castor Maritime. If investors know Castor will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Castor Maritime listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.187
Earnings Share
3.72
Revenue Per Share
7.911
Quarterly Revenue Growth
(0.37)
Return On Assets
0.0162
The market value of Castor Maritime is measured differently than its book value, which is the value of Castor that is recorded on the company's balance sheet. Investors also form their own opinion of Castor Maritime's value that differs from its market value or its book value, called intrinsic value, which is Castor Maritime's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Castor Maritime's market value can be influenced by many factors that don't directly affect Castor Maritime's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Castor Maritime's value and its price as these two are different measures arrived at by different means. Investors typically determine if Castor Maritime is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Castor Maritime's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.