Encounter Income Before Tax vs Total Operating Expenses Analysis

ENR Stock   0.36  0.02  5.88%   
Encounter Resources financial indicator trend analysis is much more than just examining Encounter Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Encounter Resources is a good investment. Please check the relationship between Encounter Resources Income Before Tax and its Total Operating Expenses accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Encounter Resources. 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.

Income Before Tax vs Total Operating Expenses

Income Before Tax vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Encounter Resources Income Before Tax account and Total Operating Expenses. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Encounter Resources' Income Before Tax and Total Operating Expenses is 0.52. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Encounter Resources, assuming nothing else is changed. The correlation between historical values of Encounter Resources' Income Before Tax and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Encounter Resources are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Income Before Tax i.e., Encounter Resources' Income Before Tax and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.52
Relationship DirectionPositive 
Relationship StrengthWeak

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Encounter Resources income statement and is an important metric when analyzing Encounter Resources 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.

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.
Most indicators from Encounter Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Encounter Resources 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 Encounter Resources. 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.
Selling General Administrative is likely to gain to about 840.5 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 6.6 M in 2024.
 2021 2022 2023 2024 (projected)
Total Revenue6.6K135.0121.5115.43
Depreciation And Amortization68.6K73.8K3.0M3.2M

Encounter Resources fundamental ratios Correlations

0.340.660.880.17-0.010.880.820.58-0.75-0.530.580.750.760.470.680.770.770.630.710.250.410.60.190.01-0.1
0.340.290.19-0.25-0.010.210.410.21-0.06-0.53-0.050.50.050.670.320.490.030.60.490.140.39-0.04-0.160.19-0.01
0.660.290.570.060.010.840.80.52-0.51-0.130.940.710.480.330.160.730.480.460.7-0.10.120.65-0.18-0.020.02
0.880.190.57-0.16-0.30.810.680.36-0.97-0.560.510.410.970.310.740.470.970.570.360.390.380.70.150.33-0.18
0.17-0.250.06-0.160.70.090.170.340.250.320.190.4-0.24-0.08-0.220.34-0.21-0.140.4-0.29-0.10.050.11-0.820.28
-0.01-0.010.01-0.30.7-0.040.080.250.350.260.050.3-0.35-0.01-0.260.2-0.32-0.080.27-0.370.11-0.02-0.06-0.930.17
0.880.210.840.810.09-0.040.710.67-0.73-0.280.810.610.740.210.420.630.740.390.58-0.010.180.610.070.020.09
0.820.410.80.680.170.080.710.42-0.59-0.40.670.890.560.620.490.920.570.760.860.220.420.760.03-0.07-0.17
0.580.210.520.360.340.250.670.42-0.270.110.50.520.29-0.04-0.020.490.290.010.49-0.61-0.040.290.28-0.340.62
-0.75-0.06-0.51-0.970.250.35-0.73-0.59-0.270.45-0.47-0.24-1.0-0.15-0.65-0.31-1.0-0.46-0.19-0.35-0.3-0.77-0.14-0.370.16
-0.53-0.53-0.13-0.560.320.26-0.28-0.40.110.450.07-0.31-0.46-0.82-0.93-0.34-0.44-0.85-0.26-0.75-0.81-0.05-0.11-0.450.46
0.58-0.050.940.510.190.050.810.670.5-0.470.070.580.450.110.030.60.450.250.59-0.19-0.030.64-0.12-0.130.04
0.750.50.710.410.40.30.610.890.52-0.24-0.310.580.230.650.340.990.230.660.990.050.360.450.04-0.31-0.06
0.760.050.480.97-0.24-0.350.740.560.29-1.0-0.460.450.230.140.660.291.00.430.170.350.30.740.160.37-0.15
0.470.670.330.31-0.08-0.010.210.62-0.04-0.15-0.820.110.650.140.670.660.130.940.620.560.780.08-0.050.17-0.44
0.680.320.160.74-0.22-0.260.420.49-0.02-0.65-0.930.030.340.660.670.380.660.790.270.770.750.280.20.39-0.48
0.770.490.730.470.340.20.630.920.49-0.31-0.340.60.990.290.660.380.30.690.980.120.350.510.03-0.22-0.1
0.770.030.480.97-0.21-0.320.740.570.29-1.0-0.440.450.231.00.130.660.30.430.180.350.290.750.160.34-0.14
0.630.60.460.57-0.14-0.080.390.760.01-0.46-0.850.250.660.430.940.790.690.430.60.620.80.370.010.23-0.44
0.710.490.70.360.40.270.580.860.49-0.19-0.260.590.990.170.620.270.980.180.60.040.260.4-0.02-0.3-0.09
0.250.14-0.10.39-0.29-0.37-0.010.22-0.61-0.35-0.75-0.190.050.350.560.770.120.350.620.040.540.1-0.030.49-0.77
0.410.390.120.38-0.10.110.180.42-0.04-0.3-0.81-0.030.360.30.780.750.350.290.80.260.540.130.040.05-0.37
0.6-0.040.650.70.05-0.020.610.760.29-0.77-0.050.640.450.740.080.280.510.750.370.40.10.130.05-0.04-0.07
0.19-0.16-0.180.150.11-0.060.070.030.28-0.14-0.11-0.120.040.16-0.050.20.030.160.01-0.02-0.030.040.050.030.37
0.010.19-0.020.33-0.82-0.930.02-0.07-0.34-0.37-0.45-0.13-0.310.370.170.39-0.220.340.23-0.30.490.05-0.040.03-0.24
-0.1-0.010.02-0.180.280.170.09-0.170.620.160.460.04-0.06-0.15-0.44-0.48-0.1-0.14-0.44-0.09-0.77-0.37-0.070.37-0.24
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Encounter Resources Account Relationship Matchups

Encounter Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets16.9M22.3M16.7M30.1M37.9M39.8M
Other Current Liab379.4K404.3K255.1K309.9K454.5K276.9K
Total Current Liabilities554.2K694.1K420.9K1.3M1.5M795.5K
Cash1.9M5.7M2.2M11.8M14.1M14.8M
Net Receivables57.9K330.3K244.4K7.3K111.4K217.7K
Other Current Assets148.0K208.4K13.5K181.8K102.4K97.3K
Total Liab554.2K811.1K470.1K1.3M1.7M1.8M
Total Stockholder Equity16.3M21.5M16.2M28.8M36.2M19.1M
Property Plant And Equipment Net85.2K238.7K153.3K136.0K23.6M24.8M
Net Debt(1.9M)(5.5M)(2.0M)(11.8M)(13.8M)(13.2M)
Retained Earnings(28.1M)(29.5M)(26.7M)(28.1M)(32.4M)(30.8M)
Accounts Payable174.8K229.4K98.0K945.6K1.0M519.9K
Non Current Assets Total14.8M16.1M14.2M18.1M23.8M14.3M
Cash And Short Term Investments1.9M5.7M2.2M11.8M14.1M14.8M
Common Stock Shares Outstanding280.2M303.8M321.1M349.0M410.7M431.3M
Liabilities And Stockholders Equity16.9M22.3M16.7M30.1M37.9M19.9M
Property Plant And Equipment Gross14.0M16.3M14.9M18.8M24.5M14.2M
Total Current Assets2.1M6.2M2.4M12.1M14.2M14.9M
Accumulated Other Comprehensive Income576.6K1.0M1.2M1.8M2.0M1.2M
Common Stock43.8M50.0M41.7M55.2M66.7M34.8M
Property Plant Equipment14.0M15.5M14.0M17.9M20.6M13.3M
Non Currrent Assets Other14.0M15.3M14.0M17.9M137.5K144.3K
Net Tangible Assets16.3M21.5M16.2M28.8M33.2M22.0M
Other Stockholder Equity268.9K(15.8M)1.0(15.0M)(27.1M)1.05
Cash And Equivalents1.4M5.2M1.5M11.5M13.2M13.9M
Net Invested Capital16.3M21.5M16.2M28.8M36.2M23.6M
Net Working Capital1.5M5.5M2.0M10.8M12.6M13.2M
Capital Stock43.8M50.0M41.7M55.2M66.7M55.0M

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