Sprott Income Before Tax vs Operating Income Analysis
| PSLV Stock | CAD 15.13 0.05 0.33% |
Sprott Physical financial indicator trend analysis is much more than just breaking down Sprott Physical Silver prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sprott Physical Silver is a good investment. Please check the relationship between Sprott Physical Income Before Tax and its Operating Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Sprott Physical Silver. 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 Operating Income
Income Before Tax vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sprott Physical Silver Income Before Tax account and Operating Income. At this time, the significance of the direction appears to have totally related.
The correlation between Sprott Physical's Income Before Tax and Operating Income is 1.0. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Operating Income in the same time period over historical financial statements of Sprott Physical Silver, assuming nothing else is changed. The correlation between historical values of Sprott Physical's Income Before Tax 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 Income Before Tax of Sprott Physical Silver 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 Income Before Tax i.e., Sprott Physical's Income Before Tax and Operating Income go up and down completely randomly.
Correlation Coefficient | 1.0 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Sprott Physical income statement and is an important metric when analyzing Sprott Physical Silver 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.Operating Income
Operating Income is the amount of profit realized from Sprott Physical Silver 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 Sprott Physical Silver 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 Sprott Physical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sprott Physical Silver 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Sprott Physical Silver. 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. As of the 11th of December 2024, Enterprise Value is likely to grow to about 4.2 B, while Selling General Administrative is likely to drop about 2.9 M.
Sprott Physical fundamental ratios Correlations
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Sprott Physical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sprott Physical fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 1.1B | 2.4B | 3.6B | 4.1B | 4.1B | 4.3B | |
| Total Current Liabilities | 465.2K | 285K | 477K | 140K | 2.2M | 2.3M | |
| Total Stockholder Equity | 1.1B | 2.4B | 3.6B | 4.1B | 4.1B | 4.3B | |
| Net Debt | (2.5M) | (2.6M) | (3.2M) | (16.0M) | (5.9M) | (6.2M) | |
| Retained Earnings | (521.6M) | 201.3M | (348.2M) | (244.8M) | (266.7M) | (280.1M) | |
| Accounts Payable | 465K | 285K | 477K | 140K | 2.2M | 2.3M | |
| Cash | 2.5M | 2.6M | 3.2M | 16.0M | 5.9M | 5.5M | |
| Cash And Short Term Investments | 2.5M | 2.6M | 3.2M | 16.0M | 5.9M | 5.5M | |
| Common Stock Total Equity | 1.6B | 1.6B | 1.7B | 2.3B | 2.6B | 1.7B | |
| Common Stock Shares Outstanding | 153.8M | 213.1M | 389.6M | 455.2M | 498.1M | 523.0M | |
| Liabilities And Stockholders Equity | 1.1B | 2.4B | 3.6B | 4.1B | 4.1B | 4.3B | |
| Other Current Assets | 72.2K | 72K | 186K | 33K | 29.7K | 28.2K | |
| Other Stockholder Equity | (67.4M) | (74.4M) | (88.5M) | (91.1M) | (92.2M) | (96.8M) | |
| Total Liab | 465.2K | 285K | 477K | 9.7M | 2.2M | 1.4M | |
| Total Current Assets | 2.5M | 2.6M | 3.2M | 16.0M | 5.9M | 5.6M | |
| Common Stock | 1.7B | 2.3B | 4.0B | 4.4B | 4.4B | 2.4B | |
| Non Current Assets Total | 1.1B | 2.4B | 3.6B | 4.1B | 4.1B | 4.3B | |
| Non Currrent Assets Other | (1.1B) | (2.4B) | (3.6B) | (4.1B) | (4.1B) | (3.9B) | |
| Other Current Liab | (465K) | (285K) | (477K) | (140K) | (2.2M) | (2.0M) | |
| Long Term Investments | 1.1B | 2.4B | 3.6B | 4.1B | 4.1B | 2.5B | |
| Short Term Investments | 871.6M | 1.1B | 2.4B | 3.6B | 4.1B | 4.3B | |
| Capital Stock | 1.7B | 2.3B | 4.0B | 4.4B | 4.4B | 3.4B |
Pair Trading with Sprott Physical
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 Sprott Physical 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 Sprott Physical will appreciate offsetting losses from the drop in the long position's value.Moving together with Sprott Stock
The ability to find closely correlated positions to Sprott Physical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sprott Physical 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 Sprott Physical - 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 Sprott Physical Silver to buy it.
The correlation of Sprott Physical 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 Sprott Physical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sprott Physical Silver 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 Sprott Physical 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.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Sprott Physical Silver. 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. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.