Gear Operating Income vs Total Revenue Analysis

GXE Stock

CAD 0.54 0.01 1.89%

Gear Energy financial indicator trend analysis is much more than just examining Gear Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gear Energy is a good investment. Please check the relationship between Gear Energy Operating Income and its Total Revenue accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gear Energy. 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.

Operating Income vs Total Revenue

Operating Income vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gear Energy Operating Income account and Total Revenue. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Gear Energy's Operating Income and Total Revenue is 0.88. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Gear Energy, assuming nothing else is changed. The correlation between historical values of Gear Energy's Operating Income and Total Revenue 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 Gear Energy are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Operating Income i.e., Gear Energy's Operating Income and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Gear Energy 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 Gear Energy 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.

Total Revenue

Total revenue comprises all receipts Gear Energy generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Most indicators from Gear Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gear Energy 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gear Energy. 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.

At this time, Gear Energy's Selling General Administrative is very stable compared to the past year. As of the 30th of November 2024, Tax Provision is likely to grow to about 12.1 M, while Enterprise Value is likely to drop about 124.6 M.

	2021	2022	2023	2024 (projected)
Interest Expense	4.4M	3.3M	4.5M	4.2M
Depreciation And Amortization	36.9M	39.6M	45.2M	41.2M

Interest Expense Depreciation And Amortization

Gear Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	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	Current Deferred Revenue	Other Liab	Net Tangible Assets	Cash
Total Assets		0.13	0.48	-0.17	0.8	0.99	0.11	-0.37	0.72	1.0	0.61	0.74	0.69	0.66	0.89	0.41	0.66	0.69	0.54	0.75	-0.34	0.75	-0.4	0.79	0.72	-0.7
Short Long Term Debt Total	0.13		0.33	0.46	-0.39	0.21	1.0	-0.04	0.11	0.12	-0.19	-0.18	-0.35	0.28	-0.16	0.55	-0.18	0.68	-0.68	0.22	0.51	-0.21	-0.68	0.14	-0.42	-0.17
Other Current Liab	0.48	0.33		0.48	0.23	0.46	0.31	0.06	0.62	0.43	0.7	0.09	-0.06	0.12	0.39	0.66	0.08	0.51	0.03	0.84	0.52	0.09	-0.7	0.36	0.18	-0.49
Total Current Liabilities	-0.17	0.46	0.48		-0.27	-0.17	0.45	0.68	0.4	-0.21	0.11	-0.68	-0.74	-0.59	-0.38	0.53	-0.64	0.06	-0.33	0.32	0.82	-0.68	-0.58	-0.48	-0.28	0.17
Total Stockholder Equity	0.8	-0.39	0.23	-0.27		0.74	-0.42	-0.08	0.65	0.8	0.63	0.65	0.73	0.26	0.85	0.07	0.52	0.11	0.81	0.53	-0.5	0.65	-0.02	0.45	0.97	-0.38
Property Plant And Equipment Net	0.99	0.21	0.46	-0.17	0.74		0.18	-0.39	0.69	0.99	0.56	0.73	0.67	0.7	0.87	0.37	0.66	0.74	0.47	0.7	-0.34	0.73	-0.43	0.81	0.67	-0.65
Net Debt	0.11	1.0	0.31	0.45	-0.42	0.18		-0.07	0.08	0.09	-0.22	-0.17	-0.35	0.29	-0.19	0.57	-0.17	0.68	-0.69	0.21	0.5	-0.2	-0.64	0.14	-0.45	-0.2
Retained Earnings	-0.37	-0.04	0.06	0.68	-0.08	-0.39	-0.07		0.17	-0.38	-0.04	-0.8	-0.68	-0.85	-0.37	-0.04	-0.86	-0.51	-0.15	-0.12	0.53	-0.81	-0.19	-0.81	-0.05	0.68
Accounts Payable	0.72	0.11	0.62	0.4	0.65	0.69	0.08	0.17		0.7	0.72	0.24	0.23	0.08	0.62	0.44	0.25	0.42	0.42	0.78	0.15	0.25	-0.65	0.29	0.58	-0.36
Non Current Assets Total	1.0	0.12	0.43	-0.21	0.8	0.99	0.09	-0.38	0.7		0.58	0.76	0.71	0.68	0.9	0.36	0.68	0.68	0.54	0.71	-0.38	0.77	-0.37	0.8	0.73	-0.67
Net Receivables	0.61	-0.19	0.7	0.11	0.63	0.56	-0.22	-0.04	0.72	0.58		0.39	0.41	0.13	0.68	0.21	0.41	0.25	0.51	0.76	0.05	0.4	-0.38	0.41	0.59	-0.42
Common Stock Total Equity	0.74	-0.18	0.09	-0.68	0.65	0.73	-0.17	-0.8	0.24	0.76	0.39		0.94	0.79	0.76	0.07	0.95	0.44	0.57	0.39	-0.68	0.99	0.13	0.88	0.64	-0.73
Common Stock Shares Outstanding	0.69	-0.35	-0.06	-0.74	0.73	0.67	-0.35	-0.68	0.23	0.71	0.41	0.94		0.68	0.8	-0.13	0.9	0.26	0.68	0.28	-0.8	0.94	0.27	0.75	0.7	-0.55
Non Current Liabilities Total	0.66	0.28	0.12	-0.59	0.26	0.7	0.29	-0.85	0.08	0.68	0.13	0.79	0.68		0.6	0.15	0.78	0.77	0.11	0.28	-0.46	0.8	-0.15	0.92	0.2	-0.66
Inventory	0.89	-0.16	0.39	-0.38	0.85	0.87	-0.19	-0.37	0.62	0.9	0.68	0.76	0.8	0.6		0.14	0.7	0.45	0.62	0.63	-0.44	0.78	-0.18	0.74	0.77	-0.56
Other Current Assets	0.41	0.55	0.66	0.53	0.07	0.37	0.57	-0.04	0.44	0.36	0.21	0.07	-0.13	0.15	0.14		0.02	0.59	-0.06	0.77	0.4	0.08	-0.48	0.3	0.02	-0.66
Other Stockholder Equity	0.66	-0.18	0.08	-0.64	0.52	0.66	-0.17	-0.86	0.25	0.68	0.41	0.95	0.9	0.78	0.7	0.02		0.47	0.53	0.37	-0.61	0.96	0.1	0.86	0.49	-0.73
Total Liab	0.69	0.68	0.51	0.06	0.11	0.74	0.68	-0.51	0.42	0.68	0.25	0.44	0.26	0.77	0.45	0.59	0.47		-0.09	0.61	0.05	0.46	-0.63	0.76	0.02	-0.69
Property Plant And Equipment Gross	0.54	-0.68	0.03	-0.33	0.81	0.47	-0.69	-0.15	0.42	0.54	0.51	0.57	0.68	0.11	0.62	-0.06	0.53	-0.09		0.36	-0.64	0.6	0.33	0.36	0.81	-0.33
Total Current Assets	0.75	0.22	0.84	0.32	0.53	0.7	0.21	-0.12	0.78	0.71	0.76	0.39	0.28	0.28	0.63	0.77	0.37	0.61	0.36		0.18	0.41	-0.54	0.55	0.46	-0.75
Short Term Debt	-0.34	0.51	0.52	0.82	-0.5	-0.34	0.5	0.53	0.15	-0.38	0.05	-0.68	-0.8	-0.46	-0.44	0.4	-0.61	0.05	-0.64	0.18		-0.7	-0.63	-0.44	-0.5	0.18
Common Stock	0.75	-0.21	0.09	-0.68	0.65	0.73	-0.2	-0.81	0.25	0.77	0.4	0.99	0.94	0.8	0.78	0.08	0.96	0.46	0.6	0.41	-0.7		0.14	0.89	0.61	-0.75
Current Deferred Revenue	-0.4	-0.68	-0.7	-0.58	-0.02	-0.43	-0.64	-0.19	-0.65	-0.37	-0.38	0.13	0.27	-0.15	-0.18	-0.48	0.1	-0.63	0.33	-0.54	-0.63	0.14		-0.17	0.04	0.17
Other Liab	0.79	0.14	0.36	-0.48	0.45	0.81	0.14	-0.81	0.29	0.8	0.41	0.88	0.75	0.92	0.74	0.3	0.86	0.76	0.36	0.55	-0.44	0.89	-0.17		0.4	-0.83
Net Tangible Assets	0.72	-0.42	0.18	-0.28	0.97	0.67	-0.45	-0.05	0.58	0.73	0.59	0.64	0.7	0.2	0.77	0.02	0.49	0.02	0.81	0.46	-0.5	0.61	0.04	0.4		-0.32
Cash	-0.7	-0.17	-0.49	0.17	-0.38	-0.65	-0.2	0.68	-0.36	-0.67	-0.42	-0.73	-0.55	-0.66	-0.56	-0.66	-0.73	-0.69	-0.33	-0.75	0.18	-0.75	0.17	-0.83	-0.32

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Gear Energy Account Relationship Matchups

Gear Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	361.4M	262.3M	318.8M	349.4M	338.8M	326.2M
Short Long Term Debt Total	77.0M	63.6M	26.4M	7.1M	21.2M	20.1M
Other Current Liab	5.9M	2.7M	9.9M	6.9M	6.3M	7.4M
Total Current Liabilities	32.0M	14.0M	21.6M	26.2M	21.1M	33.5M
Total Stockholder Equity	182.3M	104.9M	199.0M	251.6M	236.7M	178.1M
Property Plant And Equipment Net	317.0M	244.9M	263.6M	283.0M	287.3M	279.4M
Net Debt	77.0M	68.6M	26.4M	7.1M	21.2M	20.1M
Retained Earnings	(173.8M)	(251.1M)	(170.6M)	(114.2M)	(130.5M)	(137.0M)
Accounts Payable	13.3M	6.3M	11.7M	19.3M	14.8M	13.6M
Non Current Assets Total	340.3M	244.9M	296.5M	324.2M	317.0M	303.4M
Net Receivables	11.3M	8.5M	12.4M	12.7M	12.4M	11.0M
Common Stock Total Equity	311.2M	337.7M	335.5M	333.7M	383.8M	285.5M
Common Stock Shares Outstanding	218.9M	216.5M	263.0M	264.2M	263.3M	176.9M
Liabilities And Stockholders Equity	361.4M	262.3M	318.8M	349.4M	338.8M	326.2M
Non Current Liabilities Total	147.1M	143.3M	98.1M	71.6M	81.0M	102.0M
Inventory	6.5M	5.6M	6.6M	8.2M	6.8M	6.5M
Other Current Assets	3.2M	3.2M	3.2M	4.4M	2.7M	3.7M
Other Stockholder Equity	18.1M	19.8M	19.3M	17.8M	18.3M	15.9M
Total Liab	179.1M	157.3M	119.7M	97.8M	102.1M	148.1M
Property Plant And Equipment Gross	317.0M	244.9M	887.4M	935.5M	963.3M	1.0B
Total Current Assets	21.1M	17.3M	22.2M	25.3M	21.9M	22.7M
Common Stock	335.5M	333.7M	350.3M	348.0M	348.9M	308.2M
Other Liab	82.9M	84.8M	71.7M	64.5M	74.1M	78.6M
Net Tangible Assets	182.3M	104.9M	199.0M	251.6M	289.4M	178.5M
Other Assets	23.3M	0.0	32.9M	41.1M	47.3M	25.1M
Property Plant Equipment	317.0M	244.9M	263.6M	283.0M	325.5M	292.3M
Long Term Debt	64.3M	58.6M	26.4M	7.1M	21.2M	33.5M
Long Term Debt Total	64.3M	58.6M	26.4M	7.1M	6.4M	6.1M
Capital Surpluse	18.1M	19.8M	19.3M	17.8M	20.5M	18.2M
Non Currrent Assets Other	283.5M	1.6M	340.3M	(244.9M)	(220.4M)	(209.4M)
Net Invested Capital	259.2M	163.5M	225.4M	258.7M	257.9M	259.7M
Net Working Capital	(10.9M)	3.3M	587K	(971K)	756K	569.4K
Capital Stock	335.5M	333.7M	350.3M	348.0M	348.9M	376.6M

Pair Trading with Gear Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Gear Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Gear Energy will appreciate offsetting losses from the drop in the long position's value.

Moving against Gear Stock

0.78	ENB-PFV	Enbridge Pref 5	Pair Corr
0.76	ENS	E Split Corp	Pair Corr
0.72	ENS-PA	E Split Corp	Pair Corr
0.41	ENB-PFU	Enbridge Pref L	Pair Corr

The ability to find closely correlated positions to Gear Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gear Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Gear Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Gear Energy to buy it.

The correlation of Gear Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gear Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gear Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Gear Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Gear Stock

Balance Sheet is a snapshot of the financial position of Gear Energy at a specified time, usually calculated after every quarter, six months, or one year. Gear Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Gear Energy and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Gear currently owns. An asset can also be divided into two categories, current and non-current.

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Gear Operating Income vs Total Revenue Analysis

Operating Income vs Total Revenue

Operating Income vs Total Revenue Correlation Analysis

Correlation Coefficient

Operating Income

Total Revenue

Gear Energy fundamental ratios Correlations

Gear Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Gear Energy fundamental ratios Accounts

Pair Trading with Gear Energy

Moving against Gear Stock

Other Information on Investing in Gear Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Common Stock	+ 0.99	Common Stock Total Equity
Net Tangible Assets	+ 0.97	Total Stockholder Equity

Other Stockholder Equity	- 0.86	Retained Earnings
Non Current Liabilities Total	- 0.85	Retained Earnings
Cash	- 0.83	Other Liab
Other Liab	- 0.81	Retained Earnings
Common Stock	- 0.81	Retained Earnings
Short Term Debt	- 0.8	Common Stock Shares Outstanding