Ithaca Total Operating Expenses vs Operating Income Analysis

ITH Stock   104.00  0.60  0.58%   
Ithaca Energy financial indicator trend analysis is infinitely more than just investigating Ithaca Energy PLC recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ithaca Energy PLC is a good investment. Please check the relationship between Ithaca Energy Total Operating Expenses and its Operating Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ithaca Energy PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Total Operating Expenses vs Operating Income

Total Operating Expenses vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ithaca Energy PLC Total Operating Expenses account and Operating Income. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Ithaca Energy's Total Operating Expenses and Operating Income is -0.09. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Operating Income in the same time period over historical financial statements of Ithaca Energy PLC, assuming nothing else is changed. The correlation between historical values of Ithaca Energy's Total Operating Expenses 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 Total Operating Expenses of Ithaca Energy PLC 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 Total Operating Expenses i.e., Ithaca Energy's Total Operating Expenses and Operating Income go up and down completely randomly.

Correlation Coefficient

-0.09
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Operating Income

Operating Income is the amount of profit realized from Ithaca Energy PLC 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 Ithaca Energy PLC 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 Ithaca Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ithaca Energy PLC 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 Ithaca Energy PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
The current year's Selling General Administrative is expected to grow to about 36 M
 2021 2022 2023 2024 (projected)
Gross Profit549.1M1.2B1.0B1.1B
Total Revenue1.4B2.6B2.3B2.4B

Ithaca Energy fundamental ratios Correlations

0.80.810.690.990.670.63-0.570.651.00.44-0.30.60.30.90.85-0.50.940.810.770.960.82-0.820.690.910.77
0.80.590.770.810.270.75-0.440.860.770.29-0.230.840.630.60.52-0.180.680.730.370.650.84-0.580.320.610.63
0.810.590.550.820.350.57-0.460.650.780.26-0.230.620.230.670.62-0.270.910.760.540.780.84-0.690.370.610.92
0.690.770.550.680.130.99-0.360.920.650.56-0.750.90.270.670.45-0.230.570.910.260.520.79-0.550.160.460.75
0.990.810.820.680.660.63-0.560.670.990.37-0.280.620.320.90.83-0.430.940.820.770.960.83-0.840.690.910.77
0.670.270.350.130.660.02-0.40.00.710.32-0.05-0.070.060.750.73-0.620.60.320.830.820.2-0.620.970.860.16
0.630.750.570.990.630.02-0.330.940.590.48-0.740.930.270.60.38-0.140.540.910.190.450.8-0.520.070.380.77
-0.57-0.44-0.46-0.36-0.56-0.4-0.33-0.38-0.59-0.030.28-0.360.13-0.68-0.620.17-0.66-0.46-0.68-0.59-0.270.74-0.52-0.66-0.5
0.650.860.650.920.670.00.94-0.380.60.34-0.530.990.490.540.37-0.070.60.850.160.470.85-0.520.070.390.77
1.00.770.780.650.990.710.59-0.590.60.44-0.290.550.260.920.88-0.530.940.780.80.980.77-0.830.730.930.74
0.440.290.260.560.370.320.48-0.030.340.44-0.530.270.030.420.43-0.660.290.420.120.40.34-0.070.150.270.36
-0.3-0.23-0.23-0.75-0.28-0.05-0.740.28-0.53-0.29-0.53-0.520.31-0.54-0.210.1-0.24-0.69-0.22-0.23-0.310.43-0.06-0.22-0.47
0.60.840.620.90.62-0.070.93-0.360.990.550.27-0.520.470.490.310.030.550.830.120.410.83-0.490.010.330.75
0.30.630.230.270.320.060.270.130.490.260.030.310.470.0-0.01-0.120.180.19-0.170.20.520.020.050.120.11
0.90.60.670.670.90.750.6-0.680.540.920.42-0.540.490.00.83-0.490.860.820.870.920.61-0.920.790.930.68
0.850.520.620.450.830.730.38-0.620.370.880.43-0.210.31-0.010.83-0.580.850.60.790.880.49-0.730.730.870.58
-0.5-0.18-0.27-0.23-0.43-0.62-0.140.17-0.07-0.53-0.660.10.03-0.12-0.49-0.58-0.44-0.24-0.36-0.56-0.210.2-0.52-0.51-0.25
0.940.680.910.570.940.60.54-0.660.60.940.29-0.240.550.180.860.85-0.440.780.780.940.77-0.860.640.860.84
0.810.730.760.910.820.320.91-0.460.850.780.42-0.690.830.190.820.6-0.240.780.520.710.85-0.780.370.650.86
0.770.370.540.260.770.830.19-0.680.160.80.12-0.220.12-0.170.870.79-0.360.780.520.870.35-0.890.880.930.45
0.960.650.780.520.960.820.45-0.590.470.980.4-0.230.410.20.920.88-0.560.940.710.870.68-0.850.820.960.67
0.820.840.840.790.830.20.8-0.270.850.770.34-0.310.830.520.610.49-0.210.770.850.350.68-0.590.220.550.86
-0.82-0.58-0.69-0.55-0.84-0.62-0.520.74-0.52-0.83-0.070.43-0.490.02-0.92-0.730.2-0.86-0.78-0.89-0.85-0.59-0.74-0.89-0.67
0.690.320.370.160.690.970.07-0.520.070.730.15-0.060.010.050.790.73-0.520.640.370.880.820.22-0.740.90.19
0.910.610.610.460.910.860.38-0.660.390.930.27-0.220.330.120.930.87-0.510.860.650.930.960.55-0.890.90.53
0.770.630.920.750.770.160.77-0.50.770.740.36-0.470.750.110.680.58-0.250.840.860.450.670.86-0.670.190.53
Click cells to compare fundamentals

Ithaca Energy Account Relationship Matchups

Ithaca Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.0B4.3B4.7B6.8B6.2B3.7B
Other Current Liab327.5M373.6M101.0M1.1B666.5M339.2M
Total Current Liabilities431.5M407.4M1.5B1.3B1.1B627.8M
Total Stockholder Equity981.1M542.5M676.5M2.5B2.4B2.6B
Property Plant And Equipment Net3.2B2.7B3.1B4.4B3.8B2.3B
Net Debt2.2B1.8B1.4B1.0B615.5M992.3M
Retained Earnings205.2M(250.5M)175.5M1.9B1.9B2.0B
Accounts Payable23.7M17.8M13.9M14.9M34.6M32.8M
Cash15.1M1.2M44.8M253.8M153.2M160.9M
Non Current Assets Total4.7B4.0B4.2B5.8B5.4B3.2B
Non Currrent Assets Other3.9M2.9M532K183.9M810.6M851.1M
Cash And Short Term Investments15.1M1.2M44.8M253.8M156.5M164.4M
Net Receivables97.8M92.8M18.9M556.4M20.0M19.0M
Inventory100.1M106.7M177.6M176.9M150.5M82.5M
Other Current Assets223.7M176.2M319.5M526.1M521.9M548.0M
Other Stockholder Equity775.9M793.0M634.7M293.7M537.8M336.1M
Total Liab4.0B3.7B4.1B4.3B3.8B2.5B
Total Current Assets338.9M284.1M560.9M988.7M845.6M474.4M
Short Long Term Debt Total2.3B1.8B1.4B1.3B768.7M1.1B
Liabilities And Stockholders Equity5.0B4.3B4.7B6.8B6.2B4.0B
Non Current Liabilities Total3.6B3.3B2.5B3.1B2.7B2.1B
Accumulated Other Comprehensive Income27.2M44.3M(133.7M)206.9M241.3M253.4M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Ithaca Stock

Balance Sheet is a snapshot of the financial position of Ithaca Energy PLC at a specified time, usually calculated after every quarter, six months, or one year. Ithaca Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ithaca 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 Ithaca currently owns. An asset can also be divided into two categories, current and non-current.