California Cost Of Revenue vs Operating Income Analysis

CWT Stock

USD 51.19 0.23 0.45%

California Water financial indicator trend analysis is way more than just evaluating California Water Service prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether California Water Service is a good investment. Please check the relationship between California Water Cost Of Revenue and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in California Water Service. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Cost Of Revenue vs Operating Income

Cost Of Revenue vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of California Water Service Cost Of Revenue account and Operating Income. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between California Water's Cost Of Revenue and Operating Income is -0.14. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Operating Income in the same time period over historical financial statements of California Water Service, assuming nothing else is changed. The correlation between historical values of California Water's Cost Of Revenue 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 Cost Of Revenue of California Water Service 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 Cost Of Revenue i.e., California Water's Cost Of Revenue and Operating Income go up and down completely randomly.

Correlation Coefficient

-0.14

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Cost Of Revenue

Cost of Revenue is found on California Water Service income statement and represents the costs associated with goods and services California Water 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.

Operating Income

Operating Income is the amount of profit realized from California Water Service 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 California Water Service 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 California Water's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into California Water Service 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 California Water Service. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

At this time, California Water's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 21.29 in 2024, whereas Selling General Administrative is likely to drop slightly above 77.5 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	483.8M	529.5M	240.5M	282.0M
Total Revenue	790.9M	846.4M	794.6M	412.7M

Gross Profit Total Revenue

California Water fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Common Stock Shares Outstanding		0.64	0.6	0.43	0.49	0.6	0.6	-0.03	0.61	0.86	0.62	0.53	0.63	0.31	0.53	0.94	-0.82	0.67	0.44	0.48	0.46	0.65	0.54	0.65	0.28	-0.82
Total Assets	0.64		0.95	0.83	0.74	0.97	1.0	-0.38	0.97	0.76	0.98	0.45	1.0	0.76	0.45	0.58	-0.57	0.99	0.93	0.89	0.0	0.99	0.95	0.95	0.43	-0.57
Short Long Term Debt Total	0.6	0.95		0.85	0.79	0.89	0.94	-0.46	0.98	0.77	0.95	0.54	0.95	0.78	0.54	0.59	-0.58	0.94	0.85	0.85	-0.1	0.96	0.89	0.93	0.52	-0.58
Other Current Liab	0.43	0.83	0.85		0.73	0.81	0.83	-0.68	0.88	0.75	0.9	0.67	0.82	0.78	0.67	0.46	-0.25	0.78	0.71	0.81	-0.23	0.82	0.82	0.9	0.46	-0.25
Total Current Liabilities	0.49	0.74	0.79	0.73		0.62	0.72	-0.3	0.8	0.59	0.75	0.57	0.74	0.63	0.57	0.5	-0.49	0.7	0.58	0.65	0.02	0.79	0.56	0.76	0.91	-0.49
Total Stockholder Equity	0.6	0.97	0.89	0.81	0.62		0.98	-0.4	0.93	0.75	0.96	0.4	0.97	0.72	0.4	0.5	-0.47	0.96	0.96	0.93	-0.04	0.94	0.99	0.94	0.27	-0.47
Property Plant And Equipment Net	0.6	1.0	0.94	0.83	0.72	0.98		-0.42	0.97	0.74	0.98	0.41	1.0	0.77	0.41	0.54	-0.52	0.99	0.95	0.9	-0.03	0.99	0.96	0.94	0.4	-0.52
Current Deferred Revenue	-0.03	-0.38	-0.46	-0.68	-0.3	-0.4	-0.42		-0.53	-0.48	-0.52	-0.21	-0.38	-0.6	-0.21	-0.07	-0.28	-0.34	-0.35	-0.46	0.57	-0.37	-0.44	-0.39	-0.18	-0.28
Net Debt	0.61	0.97	0.98	0.88	0.8	0.93	0.97	-0.53		0.8	0.98	0.49	0.97	0.82	0.49	0.58	-0.53	0.96	0.87	0.89	-0.11	0.98	0.91	0.95	0.52	-0.53
Retained Earnings	0.86	0.76	0.77	0.75	0.59	0.75	0.74	-0.48	0.8		0.81	0.64	0.75	0.56	0.64	0.8	-0.54	0.74	0.59	0.71	0.07	0.75	0.73	0.81	0.32	-0.54
Accounts Payable	0.62	0.98	0.95	0.9	0.75	0.96	0.98	-0.52	0.98	0.81		0.52	0.98	0.8	0.52	0.57	-0.48	0.96	0.89	0.91	-0.09	0.97	0.95	0.97	0.43	-0.48
Cash	0.53	0.45	0.54	0.67	0.57	0.4	0.41	-0.21	0.49	0.64	0.52		0.43	0.24	1.0	0.63	-0.42	0.42	0.23	0.34	0.19	0.47	0.42	0.64	0.39	-0.42
Non Current Assets Total	0.63	1.0	0.95	0.82	0.74	0.97	1.0	-0.38	0.97	0.75	0.98	0.43		0.76	0.43	0.58	-0.57	0.99	0.94	0.89	0.0	0.99	0.95	0.94	0.42	-0.57
Non Currrent Assets Other	0.31	0.76	0.78	0.78	0.63	0.72	0.77	-0.6	0.82	0.56	0.8	0.24	0.76		0.24	0.32	-0.22	0.74	0.71	0.73	-0.51	0.77	0.72	0.71	0.41	-0.22
Cash And Short Term Investments	0.53	0.45	0.54	0.67	0.57	0.4	0.41	-0.21	0.49	0.64	0.52	1.0	0.43	0.24		0.63	-0.42	0.42	0.23	0.34	0.19	0.47	0.42	0.64	0.39	-0.42
Net Receivables	0.94	0.58	0.59	0.46	0.5	0.5	0.54	-0.07	0.58	0.8	0.57	0.63	0.58	0.32	0.63		-0.83	0.63	0.33	0.32	0.47	0.62	0.45	0.59	0.32	-0.83
Common Stock Total Equity	-0.82	-0.57	-0.58	-0.25	-0.49	-0.47	-0.52	-0.28	-0.53	-0.54	-0.48	-0.42	-0.57	-0.22	-0.42	-0.83		-0.63	-0.36	-0.32	-0.55	-0.61	-0.4	-0.55	-0.33	1.0
Non Current Liabilities Total	0.67	0.99	0.94	0.78	0.7	0.96	0.99	-0.34	0.96	0.74	0.96	0.42	0.99	0.74	0.42	0.63	-0.63		0.92	0.84	0.06	0.99	0.94	0.92	0.38	-0.63
Inventory	0.44	0.93	0.85	0.71	0.58	0.96	0.95	-0.35	0.87	0.59	0.89	0.23	0.94	0.71	0.23	0.33	-0.36	0.92		0.89	-0.12	0.91	0.96	0.85	0.27	-0.36
Other Current Assets	0.48	0.89	0.85	0.81	0.65	0.93	0.9	-0.46	0.89	0.71	0.91	0.34	0.89	0.73	0.34	0.32	-0.32	0.84	0.89		-0.22	0.86	0.92	0.92	0.34	-0.32
Other Stockholder Equity	0.46	0.0	-0.1	-0.23	0.02	-0.04	-0.03	0.57	-0.11	0.07	-0.09	0.19	0.0	-0.51	0.19	0.47	-0.55	0.06	-0.12	-0.22		0.03	-0.1	-0.01	0.02	-0.55
Total Liab	0.65	0.99	0.96	0.82	0.79	0.94	0.99	-0.37	0.98	0.75	0.97	0.47	0.99	0.77	0.47	0.62	-0.61	0.99	0.91	0.86	0.03		0.92	0.94	0.5	-0.61
Property Plant And Equipment Gross	0.54	0.95	0.89	0.82	0.56	0.99	0.96	-0.44	0.91	0.73	0.95	0.42	0.95	0.72	0.42	0.45	-0.4	0.94	0.96	0.92	-0.1	0.92		0.93	0.2	-0.4
Total Current Assets	0.65	0.95	0.93	0.9	0.76	0.94	0.94	-0.39	0.95	0.81	0.97	0.64	0.94	0.71	0.64	0.59	-0.55	0.92	0.85	0.92	-0.01	0.94	0.93		0.44	-0.54
Short Term Debt	0.28	0.43	0.52	0.46	0.91	0.27	0.4	-0.18	0.52	0.32	0.43	0.39	0.42	0.41	0.39	0.32	-0.33	0.38	0.27	0.34	0.02	0.5	0.2	0.44		-0.33
Common Stock	-0.82	-0.57	-0.58	-0.25	-0.49	-0.47	-0.52	-0.28	-0.53	-0.54	-0.48	-0.42	-0.57	-0.22	-0.42	-0.83	1.0	-0.63	-0.36	-0.32	-0.55	-0.61	-0.4	-0.54	-0.33

Click cells to compare fundamentals

California Water Account Relationship Matchups

California Water fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	48.2M	49.3M	51.6M	54.4M	57.0M	39.2M
Total Assets	3.1B	3.4B	3.6B	3.9B	4.6B	4.8B
Short Long Term Debt Total	983.7M	1.2B	1.1B	1.1B	1.2B	1.3B
Other Current Liab	51.3M	73.4M	95.9M	62.5M	73.3M	77.0M
Total Current Liabilities	358.7M	588.7M	256.6M	294.7M	430.3M	451.9M
Total Stockholder Equity	779.9M	921.3M	1.2B	1.3B	1.4B	1.5B
Property Plant And Equipment Net	2.4B	2.7B	2.8B	3.1B	3.8B	4.0B
Current Deferred Revenue	2.0M	2.2M	3.9M	8.1M	13.5M	23.4M
Net Debt	941.1M	1.1B	1.0B	1.1B	1.2B	1.3B
Retained Earnings	417.1M	472.2M	525.9M	556.7M	549.6M	275.3M
Accounts Payable	108.5M	131.7M	144.4M	141.0M	157.3M	165.2M
Cash	42.7M	44.6M	78.4M	62.1M	39.6M	27.1M
Non Current Assets Total	2.9B	3.1B	3.3B	3.6B	4.3B	4.5B
Non Currrent Assets Other	517.6M	445.8M	439.1M	129.3M	475.6M	499.3M
Cash And Short Term Investments	42.7M	44.6M	78.4M	62.1M	39.6M	27.1M
Net Receivables	96.1M	78.1M	93.5M	88.2M	96.3M	60.0M
Common Stock Total Equity	485K	503K	537K	556K	500.4K	475.4K
Liabilities And Stockholders Equity	3.1B	3.4B	3.6B	3.9B	4.6B	4.8B
Non Current Liabilities Total	2.0B	1.9B	2.2B	2.2B	2.7B	2.9B
Inventory	7.7M	8.8M	9.5M	12.6M	16.2M	17.0M
Other Current Assets	38.2M	134.5M	119.0M	132.7M	144.2M	151.4M
Other Stockholder Equity	362.3M	448.6M	651.1M	760.3M	876.6M	609.2M
Total Liab	2.3B	2.5B	2.4B	2.5B	3.2B	3.3B
Property Plant And Equipment Gross	2.4B	2.6B	4.2B	4.5B	4.9B	5.1B
Total Current Assets	184.7M	266.0M	300.5M	295.5M	296.3M	311.1M
Short Term Debt	197.0M	376.9M	7.0M	74.4M	181.6M	190.7M
Common Stock	485K	503K	537K	556K	577K	548.2K
Other Liab	1.2B	1.1B	1.1B	1.2B	1.3B	715.1M
Other Assets	503.2M	3.1B	439.1M	444.8M	511.5M	408.5M
Long Term Debt	786.8M	781.1M	1.1B	1.1B	1.1B	1.1B
Property Plant Equipment	2.4B	2.7B	2.8B	261.8M	301.0M	286.0M
Intangible Assets	24.9M	27.6M	30.0M	27.8M	20.7M	17.1M
Net Tangible Assets	968.4M	1.1B	1.1B	1.5B	1.7B	1.0B
Retained Earnings Total Equity	417.1M	472.2M	525.9M	556.7M	640.2M	365.8M
Long Term Debt Total	786.8M	781.1M	1.1B	1.1B	1.2B	648.2M
Capital Surpluse	362.3M	448.6M	651.1M	760.3M	874.4M	918.1M
Deferred Long Term Liab	224.2M	276.0M	285.7M	330.3M	379.8M	259.1M
Non Current Liabilities Other	770.7M	631.4M	630.9M	651.1M	363.3M	598.2M

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