Hemisphere Total Operating Expenses vs Gross Profit Analysis

HME Stock

CAD 1.88 0.01 0.53%

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

Total Operating Expenses vs Gross Profit

Total Operating Expenses vs Gross Profit Correlation Analysis

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

The correlation between Hemisphere Energy's Total Operating Expenses and Gross Profit is 0.86. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Hemisphere Energy, assuming nothing else is changed. The correlation between historical values of Hemisphere Energy's Total Operating Expenses and Gross Profit 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 Hemisphere Energy are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Total Operating Expenses i.e., Hemisphere Energy's Total Operating Expenses and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Hemisphere Energy minus its cost of goods sold. It is profit before Hemisphere Energy operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Most indicators from Hemisphere Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hemisphere 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 Hemisphere 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, Hemisphere Energy's Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 453.7 K in 2024, whereas Selling General Administrative is likely to drop slightly above 2.8 M in 2024.

Hemisphere Energy fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Other Current Assets	Short Long Term Debt Total	Other Liab	Net Tangible Assets	Other Assets	Short Long Term Debt	Short Term Debt	Common Stock
Total Assets		0.49	0.84	0.99	0.11	0.06	0.3	0.55	0.99	0.69	0.5	0.86	0.92	0.58	-0.39	0.75	0.82	0.13	0.88	0.22	0.96	0.75	0.06	0.9	-0.19	0.9
Total Current Liabilities	0.49		0.57	0.5	-0.21	0.14	0.42	0.06	0.5	0.2	0.19	0.44	0.49	-0.17	-0.32	0.17	0.32	0.33	0.32	-0.23	0.43	0.5	0.09	0.29	0.25	0.46
Total Stockholder Equity	0.84	0.57		0.79	-0.43	0.51	0.35	0.68	0.8	0.71	0.69	0.88	0.67	0.08	-0.07	0.28	0.87	0.0	0.75	-0.32	0.85	0.96	-0.08	0.57	-0.16	0.71
Property Plant And Equipment Net	0.99	0.5	0.79		0.21	-0.05	0.32	0.44	1.0	0.6	0.39	0.81	0.95	0.63	-0.45	0.8	0.74	0.19	0.83	0.3	0.94	0.68	0.1	0.92	-0.15	0.93
Net Debt	0.11	-0.21	-0.43	0.21		-0.9	-0.1	-0.4	0.19	-0.24	-0.47	-0.24	0.35	0.8	-0.52	0.72	-0.3	0.23	0.01	0.98	0.01	-0.55	0.31	0.42	0.03	0.22
Retained Earnings	0.06	0.14	0.51	-0.05	-0.9		0.05	0.54	-0.03	0.39	0.56	0.42	-0.28	-0.56	0.38	-0.51	0.5	-0.25	0.22	-0.84	0.19	0.68	-0.22	-0.24	-0.29	-0.08
Accounts Payable	0.3	0.42	0.35	0.32	-0.1	0.05		-0.27	0.33	-0.16	-0.26	0.38	0.27	-0.03	0.13	0.11	0.11	0.86	0.19	-0.18	0.18	0.26	0.23	0.06	-0.15	0.27
Cash	0.55	0.06	0.68	0.44	-0.4	0.54	-0.27		0.46	0.91	0.97	0.57	0.33	0.12	0.1	0.14	0.84	-0.58	0.6	-0.2	0.6	0.7	-0.12	0.4	-0.19	0.32
Non Current Assets Total	0.99	0.5	0.8	1.0	0.19	-0.03	0.33	0.46		0.62	0.42	0.82	0.95	0.62	-0.44	0.79	0.75	0.18	0.84	0.29	0.94	0.69	0.11	0.91	-0.15	0.92
Non Currrent Assets Other	0.69	0.2	0.71	0.6	-0.24	0.39	-0.16	0.91	0.62		0.87	0.65	0.52	0.29	-0.1	0.36	0.88	-0.42	0.71	-0.06	0.73	0.71	-0.17	0.61	-0.03	0.49
Cash And Short Term Investments	0.5	0.19	0.69	0.39	-0.47	0.56	-0.26	0.97	0.42	0.87		0.5	0.31	-0.02	0.12	0.04	0.78	-0.6	0.51	-0.3	0.53	0.69	-0.08	0.3	-0.09	0.26
Net Receivables	0.86	0.44	0.88	0.81	-0.24	0.42	0.38	0.57	0.82	0.65	0.5		0.66	0.3	-0.11	0.45	0.91	0.2	0.84	-0.14	0.87	0.86	-0.21	0.67	-0.37	0.72
Common Stock Shares Outstanding	0.92	0.49	0.67	0.95	0.35	-0.28	0.27	0.33	0.95	0.52	0.31	0.66		0.65	-0.47	0.82	0.59	0.17	0.71	0.42	0.84	0.5	0.06	0.91	0.04	0.89
Non Current Liabilities Total	0.58	-0.17	0.08	0.63	0.8	-0.56	-0.03	0.12	0.62	0.29	-0.02	0.3	0.65		-0.49	0.94	0.29	0.13	0.54	0.87	0.52	-0.02	0.17	0.8	-0.23	0.58
Other Stockholder Equity	-0.39	-0.32	-0.07	-0.45	-0.52	0.38	0.13	0.1	-0.44	-0.1	0.12	-0.11	-0.47	-0.49		-0.6	-0.03	-0.01	-0.23	-0.52	-0.41	-0.06	-0.25	-0.6	-0.3	-0.59
Total Liab	0.75	0.17	0.28	0.8	0.72	-0.51	0.11	0.14	0.79	0.36	0.04	0.45	0.82	0.94	-0.6		0.41	0.24	0.65	0.79	0.67	0.15	0.2	0.9	-0.15	0.74
Total Current Assets	0.82	0.32	0.87	0.74	-0.3	0.5	0.11	0.84	0.75	0.88	0.78	0.91	0.59	0.29	-0.03	0.41		-0.12	0.87	-0.14	0.85	0.87	-0.19	0.64	-0.35	0.61
Other Current Liab	0.13	0.33	0.0	0.19	0.23	-0.25	0.86	-0.58	0.18	-0.42	-0.6	0.2	0.17	0.13	-0.01	0.24	-0.12		0.11	0.11	0.01	-0.07	0.15	0.05	-0.21	0.15
Other Current Assets	0.88	0.32	0.75	0.83	0.01	0.22	0.19	0.6	0.84	0.71	0.51	0.84	0.71	0.54	-0.23	0.65	0.87	0.11		0.13	0.9	0.72	-0.1	0.79	-0.46	0.73
Short Long Term Debt Total	0.22	-0.23	-0.32	0.3	0.98	-0.84	-0.18	-0.2	0.29	-0.06	-0.3	-0.14	0.42	0.87	-0.52	0.79	-0.14	0.11	0.13		0.13	-0.44	0.3	0.53	-0.02	0.29
Other Liab	0.96	0.43	0.85	0.94	0.01	0.19	0.18	0.6	0.94	0.73	0.53	0.87	0.84	0.52	-0.41	0.67	0.85	0.01	0.9	0.13		0.82	-0.05	0.89	-0.19	0.92
Net Tangible Assets	0.75	0.5	0.96	0.68	-0.55	0.68	0.26	0.7	0.69	0.71	0.69	0.86	0.5	-0.02	-0.06	0.15	0.87	-0.07	0.72	-0.44	0.82		-0.13	0.48	-0.21	0.64
Other Assets	0.06	0.09	-0.08	0.1	0.31	-0.22	0.23	-0.12	0.11	-0.17	-0.08	-0.21	0.06	0.17	-0.25	0.2	-0.19	0.15	-0.1	0.3	-0.05	-0.13		-0.02	-0.03	0.06
Short Long Term Debt	0.9	0.29	0.57	0.92	0.42	-0.24	0.06	0.4	0.91	0.61	0.3	0.67	0.91	0.8	-0.6	0.9	0.64	0.05	0.79	0.53	0.89	0.48	-0.02		-0.04	0.91
Short Term Debt	-0.19	0.25	-0.16	-0.15	0.03	-0.29	-0.15	-0.19	-0.15	-0.03	-0.09	-0.37	0.04	-0.23	-0.3	-0.15	-0.35	-0.21	-0.46	-0.02	-0.19	-0.21	-0.03	-0.04		0.0
Common Stock	0.9	0.46	0.71	0.93	0.22	-0.08	0.27	0.32	0.92	0.49	0.26	0.72	0.89	0.58	-0.59	0.74	0.61	0.15	0.73	0.29	0.92	0.64	0.06	0.91	0.0

Click cells to compare fundamentals

Hemisphere Energy Account Relationship Matchups

Hemisphere Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	61.5M	52.5M	67.1M	78.0M	90.7M	95.3M
Total Current Liabilities	2.9M	2.4M	14.6M	7.8M	11.4M	12.0M
Total Stockholder Equity	18.1M	16.3M	25.8M	53M	61.2M	64.3M
Property Plant And Equipment Net	56.7M	48.9M	61.8M	72.1M	74.1M	77.8M
Net Debt	32.0M	24.9M	20.7M	3.8M	(3.8M)	(3.6M)
Retained Earnings	(38.6M)	(39.2M)	(33.3M)	(19.5M)	(8.4M)	(8.8M)
Accounts Payable	1.9M	1.3M	7.2M	6.4M	3.3M	1.9M
Cash	1.2M	435.4K	(2.6M)	152K	7.2M	7.5M
Non Current Assets Total	57.2M	49.3M	61.9M	72.2M	76.4M	80.2M
Non Currrent Assets Other	661.6K	401.7K	264.9K	116K	2.2M	2.3M
Cash And Short Term Investments	1.2M	435.4K	(2.2M)	152K	7.2M	7.5M
Net Receivables	2.8M	1.9M	4.2M	4.8M	5.8M	6.0M
Common Stock Shares Outstanding	90.4M	88.2M	92.4M	101.2M	101.9M	107.0M
Liabilities And Stockholders Equity	61.5M	52.5M	67.1M	78.0M	90.7M	95.3M
Non Current Liabilities Total	40.5M	33.8M	26.8M	17.2M	18.1M	19.0M
Other Stockholder Equity	1.1M	1.2M	2.6M	5.3M	6.4M	10.5M
Total Liab	43.5M	36.2M	41.3M	25.0M	29.5M	31.0M
Total Current Assets	4.3M	3.2M	5.2M	5.8M	14.3M	15.0M
Other Current Assets	330.8K	827.3K	1.0M	828K	1.4M	1.4M
Short Long Term Debt Total	33.1M	25.3M	18.1M	3.9M	3.4M	3.2M
Other Liab	7.5M	8.5M	9.1M	13.9M	16.0M	16.8M
Net Tangible Assets	16.8M	16.3M	25.8M	53M	61.0M	64.0M
Other Assets	880.8K	517.2K	380.4K	116K	104.4K	99.2K
Common Stock	54.6M	54.3M	56.5M	67.1M	63.2M	59.1M
Property Plant Equipment	56.7M	48.9M	61.8M	72.1M	82.9M	51.4M
Long Term Debt	33.3M	32.8M	25.0M	15.5M	14.0M	19.8M
Net Invested Capital	50.8M	41.3M	41.3M	53M	61.2M	52.6M
Net Working Capital	1.4M	784.4K	(9.3M)	(2.0M)	2.9M	3.1M
Capital Stock	54.6M	54.3M	56.5M	67.1M	63.2M	64.3M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Hemisphere Stock Analysis

When running Hemisphere Energy's price analysis, check to measure Hemisphere Energy'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 Hemisphere Energy is operating at the current time. Most of Hemisphere Energy's value examination focuses on studying past and present price action to predict the probability of Hemisphere Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hemisphere Energy's price. Additionally, you may evaluate how the addition of Hemisphere Energy to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC