Phoenix Cost Of Revenue vs Operating Income Analysis
PXC Stock | 5.25 0.75 12.50% |
Phoenix Global financial indicator trend analysis is much more than just breaking down Phoenix Global Mining prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Phoenix Global Mining is a good investment. Please check the relationship between Phoenix Global Cost Of Revenue and its Operating Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phoenix Global Mining. 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.
Cost Of Revenue vs Operating Income
Cost Of Revenue vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Phoenix Global Mining Cost Of Revenue account and Operating Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Phoenix Global's Cost Of Revenue and Operating Income is -0.4. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Operating Income in the same time period over historical financial statements of Phoenix Global Mining, assuming nothing else is changed. The correlation between historical values of Phoenix Global's Cost Of Revenue 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 Cost Of Revenue of Phoenix Global Mining 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 Cost Of Revenue i.e., Phoenix Global's Cost Of Revenue and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.4 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Cost Of Revenue
Cost of Revenue is found on Phoenix Global Mining income statement and represents the costs associated with goods and services Phoenix Global provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Operating Income
Operating Income is the amount of profit realized from Phoenix Global Mining 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 Phoenix Global Mining 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 Phoenix Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Phoenix Global Mining 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 Phoenix Global Mining. 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 989.1 K, whereas Issuance Of Capital Stock is forecasted to decline to about 485.7 K.
Phoenix Global fundamental ratios Correlations
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Phoenix Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Phoenix Global fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 12.4M | 16.3M | 39.9M | 39.7M | 40.5M | 42.5M | |
Total Current Liabilities | 282.9K | 1.7M | 1.1M | 1.1M | 2.7M | 2.8M | |
Total Stockholder Equity | 10.4M | 13.7M | 37.7M | 37.8M | 37.2M | 39.0M | |
Net Debt | 589.4K | 402.5K | (13.0M) | (4.7M) | 1.8M | 1.9M | |
Retained Earnings | (5.2M) | (5.5M) | (5.8M) | (7.1M) | (8.2M) | (7.8M) | |
Accounts Payable | 178.1K | 156.1K | 862.9K | 569.9K | 410.4K | 327.3K | |
Cash | 210.6K | 1.1M | 13.0M | 4.7M | 283.7K | 269.5K | |
Non Current Assets Total | 11.9M | 15.1M | 26.5M | 33.5M | 38.8M | 40.7M | |
Cash And Short Term Investments | 210.6K | 1.1M | 13.1M | 4.7M | 287.9K | 273.5K | |
Liabilities And Stockholders Equity | 12.4M | 16.3M | 39.9M | 39.7M | 40.5M | 42.5M | |
Non Current Liabilities Total | 767.4K | 757.7K | 1.6M | 1.0M | 657.7K | 706.2K | |
Other Current Assets | 267.9K | 122.3K | 365.8K | 1.5M | 1.4M | 1.5M | |
Other Stockholder Equity | 15.6M | (18.6K) | 43.4M | 44.9M | 45.4M | 47.6M | |
Total Liab | 1.8M | 2.5M | 2.1M | 1.8M | 3.3M | 3.5M | |
Total Current Assets | 478.5K | 1.3M | 13.5M | 6.2M | 1.7M | 2.8M | |
Other Current Liab | 104.8K | 37.8K | 270.3K | 502.6K | 206.3K | 183.1K | |
Common Stock Shares Outstanding | 40.9M | 57.5M | 104.2M | 121.8M | 122.7M | 63.6M | |
Net Tangible Assets | 8.8M | 10.2M | 13.4M | 37.4M | 43.0M | 45.1M | |
Net Receivables | 243.9K | 68.8K | 365.8K | 181.1K | 208.2K | 184.2K | |
Property Plant Equipment | 9.9M | 11.7M | 14.8M | 26.1M | 30.0M | 31.5M | |
Property Plant And Equipment Net | 11.9M | 15.1M | 26.5M | 33.5M | 38.8M | 22.2M | |
Net Invested Capital | 11.2M | 15.3M | 37.7M | 37.8M | 39.2M | 24.6M | |
Property Plant And Equipment Gross | 11.9M | 15.1M | 26.5M | 33.5M | 38.5M | 40.4M | |
Net Working Capital | 195.6K | (474.1K) | 12.3M | 5.1M | (943.0K) | (895.9K) | |
Common Stock | 13.4M | 15.6M | 19.3M | 43.5M | 50.0M | 52.5M |
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 Phoenix Stock
Balance Sheet is a snapshot of the financial position of Phoenix Global Mining at a specified time, usually calculated after every quarter, six months, or one year. Phoenix Global Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Phoenix Global 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 Phoenix currently owns. An asset can also be divided into two categories, current and non-current.