Dore Operating Income vs Income Before Tax Analysis

DCMC Stock  CAD 0.15  0.01  7.14%   
Dore Copper financial indicator trend analysis is much more than just examining Dore Copper Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dore Copper Mining is a good investment. Please check the relationship between Dore Copper Operating Income and its Income Before Tax accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dore Copper Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Operating Income vs Income Before Tax

Operating Income vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dore Copper Mining Operating Income account and Income Before Tax. At this time, the significance of the direction appears to have totally related.
The correlation between Dore Copper's Operating Income and Income Before Tax is 1.0. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Dore Copper Mining, assuming nothing else is changed. The correlation between historical values of Dore Copper's Operating Income and Income Before Tax 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 Dore Copper Mining are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Operating Income i.e., Dore Copper's Operating Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

1.0
Relationship DirectionPositive 
Relationship StrengthVery Strong

Operating Income

Operating Income is the amount of profit realized from Dore Copper Mining 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 Dore Copper Mining 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.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Dore Copper income statement and is an important metric when analyzing Dore Copper Mining profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Most indicators from Dore Copper's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dore Copper Mining 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dore Copper Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
At this time, Dore Copper's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 10.5 M in 2024, whereas Tax Provision is likely to drop (714.4 K) in 2024.
 2021 2022 2023 2024 (projected)
Reconciled Depreciation2.3K80.6K83.4K46.0K
Cost Of Revenue2.3K80.6K83.4K46.0K

Dore Copper fundamental ratios Correlations

0.88-0.8-0.30.790.320.730.850.850.930.9-0.640.720.640.690.990.90.90.750.870.590.49-0.410.5-0.26
0.88-0.96-0.40.930.150.810.690.990.880.86-0.410.610.410.940.910.860.960.560.90.810.74-0.190.77-0.64
-0.8-0.960.55-0.980.03-0.82-0.51-0.99-0.74-0.710.17-0.39-0.18-0.97-0.83-0.71-0.95-0.36-0.92-0.92-0.860.26-0.880.69
-0.3-0.40.55-0.580.18-0.66-0.15-0.5-0.25-0.22-0.120.010.08-0.52-0.33-0.23-0.48-0.08-0.6-0.49-0.450.16-0.460.36
0.790.93-0.98-0.58-0.030.760.530.970.710.67-0.160.380.170.960.810.680.910.360.930.90.83-0.230.86-0.72
0.320.150.030.18-0.030.350.520.070.470.49-0.70.650.69-0.040.360.490.160.640.09-0.23-0.210.09-0.220.18
0.730.81-0.82-0.660.760.350.550.830.760.75-0.360.50.380.770.780.750.880.510.830.650.66-0.160.66-0.41
0.850.69-0.51-0.150.530.520.550.630.930.93-0.910.960.910.470.850.930.670.970.650.170.12-0.050.13-0.15
0.850.99-0.99-0.50.970.070.830.630.830.8-0.310.520.320.960.880.810.960.480.920.860.79-0.210.82-0.69
0.930.88-0.74-0.250.710.470.760.930.831.0-0.780.880.790.690.951.00.860.870.780.450.39-0.150.41-0.34
0.90.86-0.71-0.220.670.490.750.930.81.0-0.80.910.810.670.931.00.840.890.750.410.36-0.090.37-0.33
-0.64-0.410.17-0.12-0.16-0.7-0.36-0.91-0.31-0.78-0.8-0.96-1.0-0.13-0.63-0.8-0.4-0.97-0.360.190.18-0.090.19-0.16
0.720.61-0.390.010.380.650.50.960.520.880.91-0.960.960.380.730.910.570.980.510.030.030.160.04-0.13
0.640.41-0.180.080.170.690.380.910.320.790.81-1.00.960.130.630.810.410.980.37-0.19-0.170.1-0.180.15
0.690.94-0.97-0.520.96-0.040.770.470.960.690.67-0.130.380.130.730.670.880.310.860.890.85-0.060.89-0.83
0.990.91-0.83-0.330.810.360.780.850.880.950.93-0.630.730.630.730.930.920.750.870.620.52-0.390.53-0.33
0.90.86-0.71-0.230.680.490.750.930.811.01.0-0.80.910.810.670.930.840.880.760.410.36-0.080.38-0.34
0.90.96-0.95-0.480.910.160.880.670.960.860.84-0.40.570.410.880.920.840.560.950.790.78-0.250.78-0.48
0.750.56-0.36-0.080.360.640.510.970.480.870.89-0.970.980.980.310.750.880.560.54-0.01-0.010.06-0.010.01
0.870.9-0.92-0.60.930.090.830.650.920.780.75-0.360.510.370.860.870.760.950.540.770.78-0.210.77-0.46
0.590.81-0.92-0.490.9-0.230.650.170.860.450.410.190.03-0.190.890.620.410.79-0.010.770.92-0.380.94-0.7
0.490.74-0.86-0.450.83-0.210.660.120.790.390.360.180.03-0.170.850.520.360.78-0.010.780.92-0.090.99-0.62
-0.41-0.190.260.16-0.230.09-0.16-0.05-0.21-0.15-0.09-0.090.160.1-0.06-0.39-0.08-0.250.06-0.21-0.38-0.09-0.1-0.17
0.50.77-0.88-0.460.86-0.220.660.130.820.410.370.190.04-0.180.890.530.380.78-0.010.770.940.99-0.1-0.7
-0.26-0.640.690.36-0.720.18-0.41-0.15-0.69-0.34-0.33-0.16-0.130.15-0.83-0.33-0.34-0.480.01-0.46-0.7-0.62-0.17-0.7
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Dore Copper Account Relationship Matchups

Dore Copper fundamental ratios Accounts

201920202021202220232024 (projected)
Total Current Liabilities2.2M1.4M4.3M3.8M2.2M2.3M
Net Tangible Assets(631.2K)12.3M10.2M20.1M23.1M24.2M
Retained Earnings(10.0M)(19.1M)(33.0M)(51.1M)(56.9M)(54.0M)
Accounts Payable1.4M1.3K1.6K3.4K3.1K2.9K
Net Receivables254.2K483.1K4.2M5.0M5.8M6.1M
Other Stockholder Equity389.7K212.7K464.5K475.4K546.7K391.6K
Total Current Assets8.6M5.6M18.3M5.4M4.4M7.0M
Common Stock21.3M27.6M50.6M56.7M65.2M68.5M
Total Assets14.5M11.6M24.3M12.7M11.5M13.7M
Total Stockholder Equity12.3M10.2M20.1M8.8M9.3M11.2M
Net Debt(8.2M)(4.3M)(13.2M)(397.6K)(357.9K)(375.8K)
Cash8.2M4.3M13.2M397.6K3.1M3.9M
Non Current Assets Total5.9M5.9M6.0M7.2M7.1M5.9M
Cash And Short Term Investments8.2M5.1M14.0M397.6K457.3K434.4K
Common Stock Shares Outstanding18.3M31.2M60.8M72.8M130.9M137.4M
Liabilities And Stockholders Equity14.5M11.6M24.3M12.7M14.5M13.9M
Total Liab2.2M1.4M4.3M3.8M2.2M2.6M
Net Invested Capital12.3M10.2M20.1M8.8M9.6M11.2M
Capital Stock21.3M27.6M50.6M56.7M62.5M40.1M
Net Working Capital6.4M4.2M14.1M1.6M2.2M2.1M

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Additional Tools for Dore Stock Analysis

When running Dore Copper's price analysis, check to measure Dore Copper's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dore Copper is operating at the current time. Most of Dore Copper's value examination focuses on studying past and present price action to predict the probability of Dore Copper's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dore Copper's price. Additionally, you may evaluate how the addition of Dore Copper to your portfolios can decrease your overall portfolio volatility.