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 Direction | Positive |
Relationship Strength | Strong |
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 Profit | 65.5M | 140.3M | 28.5M | 37.9M | Total Revenue | 132.0M | 262.1M | 97.5M | 81.1M |
Castor Maritime fundamental ratios Correlations
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Castor Maritime Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Castor Maritime fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 30.4M | 74.4M | 462.9M | 632.9M | 605.0M | 635.3M | |
Other Current Liab | 556.2K | 1.6M | 9.0M | 14.6M | 6.5M | 5.1M | |
Total Current Liabilities | 3.0M | 10.9M | 34.0M | 51.4M | 28.6M | 20.2M | |
Total Stockholder Equity | 13.2M | 52.4M | 342.9M | 461.5M | 461.2M | 484.2M | |
Net Tangible Assets | 13.2M | 52.4M | 342.9M | 461.5M | 530.7M | 557.3M | |
Property Plant And Equipment Net | 23.7M | 58.0M | 396.3M | 435.9M | 229.5M | 182.0M | |
Net Debt | 11.2M | 9.3M | 64.9M | 9.5M | (28.0M) | (26.6M) | |
Retained Earnings | 436.8K | (1.3M) | 39.2M | 157.7M | 194.7M | 204.5M | |
Accounts Payable | 410.6K | 2.1M | 5.0M | 7.8M | 2.8M | 2.9M | |
Cash | 4.6M | 8.9M | 37.2M | 142.4M | 111.4M | 117.0M | |
Non Current Assets Total | 24.2M | 60.8M | 407.9M | 466.7M | 362.8M | 210.1M | |
Non Currrent Assets Other | 500K | 2.3M | 6.9M | 19.7M | 15.7M | 8.3M | |
Other Assets | 500K | 2.8M | 13.9M | 30.8M | 1.0 | 0.95 | |
Long Term Debt | 14.2M | 11.1M | 85.9M | 120.1M | 65.7M | 46.7M | |
Cash And Short Term Investments | 4.6M | 8.9M | 37.2M | 142.4M | 188.5M | 197.9M | |
Net Receivables | 759.4K | 2.9M | 8.2M | 2.7M | 8.6M | 9.0M | |
Common Stock Shares Outstanding | 26.6K | 677.4K | 8.5M | 9.5M | 22.0M | 23.1M | |
Liabilities And Stockholders Equity | 30.4M | 74.4M | 462.9M | 632.9M | 605.0M | 635.3M | |
Non Current Liabilities Total | 14.2M | 11.1M | 85.9M | 120.1M | 65.7M | 46.7M | |
Inventory | 143.5K | 714.8K | 4.4M | 2.8M | 977.6K | 1.4M | |
Other Current Assets | 902.6K | 1.1M | 5.2M | 61.2M | 44.3M | 46.5M | |
Other Stockholder Equity | 7.6M | 12.8M | 53.6M | 303.7M | 266.4M | 150.1M | |
Total Liab | 17.2M | 22.0M | 120.0M | 171.4M | 94.3M | 66.8M | |
Deferred Long Term Liab | 500K | 2.1M | 4.9M | 8.0M | 9.2M | 9.6M | |
Net Invested Capital | 29.0M | 70.6M | 445.0M | 613.3M | 544.6M | 571.8M | |
Property Plant And Equipment Gross | 23.7M | 58.0M | 396.3M | 435.9M | 262.1M | 187.1M | |
Short Long Term Debt | 1.5M | 7.1M | 16.1M | 31.8M | 17.7M | 11.7M | |
Total Current Assets | 6.2M | 13.6M | 55.0M | 166.2M | 242.3M | 254.4M | |
Net Working Capital | 3.2M | 2.7M | 21.0M | 114.9M | 213.7M | 224.4M | |
Short Term Debt | 1.5M | 7.1M | 16.1M | 29.2M | 17.7M | 11.2M | |
Property Plant Equipment | 23.7M | 58.0M | 394.0M | 435.9M | 501.3M | 526.3M |
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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.