Skywater Operating Income vs Total Revenue Analysis

SKYT Stock  USD 13.75  1.31  10.53%   
Skywater Technology financial indicator trend analysis is much more than just breaking down Skywater Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Skywater Technology is a good investment. Please check the relationship between Skywater Technology Operating Income and its Total Revenue accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skywater Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
For more information on how to buy Skywater Stock please use our How to Invest in Skywater Technology guide.

Operating Income vs Total Revenue

JavaScript chart by amCharts 3.21.15201420162018202020222024-55M-50M-45M-40M-35M-30M-25M-20M-15M-10M 130M140M150M160M170M180M190M200M210M220M230M240M250M260M270M280M290M
JavaScript chart by amCharts 3.21.15Operating Incometotal: -188.6MTotal Revenuetotal: 2B

Operating Income vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Skywater Technology Operating Income account and Total Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.
Operating IncomeTotal RevenueDiversified AwayOperating IncomeTotal RevenueDiversified Away100%
The correlation between Skywater Technology's Operating Income and Total Revenue is -0.3. 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 Skywater Technology, assuming nothing else is changed. The correlation between historical values of Skywater Technology'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 Skywater Technology 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., Skywater Technology's Operating Income and Total Revenue go up and down completely randomly.

Correlation Coefficient

-0.3
Relationship DirectionNegative 
Relationship StrengthInsignificant

Operating Income

Operating Income is the amount of profit realized from Skywater Technology 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 Skywater Technology 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 Skywater Technology 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 Skywater Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Skywater Technology 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Skywater Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
For more information on how to buy Skywater Stock please use our How to Invest in Skywater Technology guide.At this time, Skywater Technology's Tax Provision is comparatively stable compared to the past year. Selling General Administrative is likely to gain to about 7.9 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.02 in 2024.
 2021 2022 2023 2024 (projected)
Total Operating Expenses49.6M55.7M74.1M53.9M
Cost Of Revenue170.3M187.0M227.4M179.0M

Skywater Technology fundamental ratios Correlations

0.830.69-0.12-0.710.79-0.270.84-0.020.86-0.340.720.740.630.220.570.860.670.50.580.69-0.050.5-0.610.770.07
0.830.650.17-0.880.96-0.090.84-0.260.93-0.670.860.920.910.510.760.920.830.870.770.59-0.220.87-0.810.780.0
0.690.65-0.16-0.740.580.380.690.120.79-0.470.860.810.730.360.90.810.780.580.90.80.420.58-0.820.510.57
-0.120.17-0.16-0.36-0.05-0.180.28-0.760.21-0.560.180.220.070.850.060.13-0.250.410.070.19-0.590.41-0.320.36-0.5
-0.71-0.88-0.74-0.36-0.760.09-0.860.44-0.920.83-0.89-0.96-0.87-0.75-0.86-0.91-0.74-0.88-0.86-0.760.21-0.880.96-0.890.02
0.790.960.58-0.05-0.76-0.10.74-0.160.84-0.520.740.820.90.30.670.820.870.810.680.41-0.210.81-0.680.660.0
-0.27-0.090.38-0.180.09-0.1-0.150.39-0.03-0.010.210.070.170.020.35-0.010.180.130.340.040.680.13-0.16-0.510.78
0.840.840.690.28-0.860.74-0.15-0.470.97-0.480.740.80.690.640.620.810.560.740.630.64-0.30.74-0.750.8-0.13
-0.02-0.260.12-0.760.44-0.160.39-0.47-0.350.35-0.06-0.23-0.19-0.74-0.02-0.080.11-0.49-0.030.030.87-0.490.28-0.470.78
0.860.930.790.21-0.920.84-0.030.97-0.35-0.60.860.910.830.620.770.910.730.830.780.7-0.180.83-0.850.80.02
-0.34-0.67-0.47-0.560.83-0.52-0.01-0.480.35-0.6-0.8-0.83-0.73-0.77-0.78-0.74-0.58-0.79-0.78-0.670.14-0.790.87-0.7-0.04
0.720.860.860.18-0.890.740.210.74-0.060.86-0.80.970.870.590.940.970.820.80.950.860.170.8-0.950.70.38
0.740.920.810.22-0.960.820.070.8-0.230.91-0.830.970.940.640.930.960.860.890.940.78-0.030.89-0.970.80.19
0.630.910.730.07-0.870.90.170.69-0.190.83-0.730.870.940.50.890.850.940.930.90.53-0.050.93-0.880.640.19
0.220.510.360.85-0.750.30.020.64-0.740.62-0.770.590.640.50.530.520.20.740.540.52-0.410.74-0.740.61-0.24
0.570.760.90.06-0.860.670.350.62-0.020.77-0.780.940.930.890.530.870.870.791.00.770.270.79-0.950.60.47
0.860.920.810.13-0.910.82-0.010.81-0.080.91-0.740.970.960.850.520.870.820.770.880.850.050.77-0.90.810.24
0.670.830.78-0.25-0.740.870.180.560.110.73-0.580.820.860.940.20.870.820.740.870.530.190.74-0.770.550.38
0.50.870.580.41-0.880.810.130.74-0.490.83-0.790.80.890.930.740.790.770.740.80.46-0.31.0-0.870.65-0.04
0.580.770.90.07-0.860.680.340.63-0.030.78-0.780.950.940.90.541.00.880.870.80.780.260.8-0.960.610.46
0.690.590.80.19-0.760.410.040.640.030.7-0.670.860.780.530.520.770.850.530.460.780.280.46-0.810.710.38
-0.05-0.220.42-0.590.21-0.210.68-0.30.87-0.180.140.17-0.03-0.05-0.410.270.050.19-0.30.260.28-0.3-0.02-0.390.96
0.50.870.580.41-0.880.810.130.74-0.490.83-0.790.80.890.930.740.790.770.741.00.80.46-0.3-0.870.65-0.04
-0.61-0.81-0.82-0.320.96-0.68-0.16-0.750.28-0.850.87-0.95-0.97-0.88-0.74-0.95-0.9-0.77-0.87-0.96-0.81-0.02-0.87-0.76-0.22
0.770.780.510.36-0.890.66-0.510.8-0.470.8-0.70.70.80.640.610.60.810.550.650.610.71-0.390.65-0.76-0.29
0.070.00.57-0.50.020.00.78-0.130.780.02-0.040.380.190.19-0.240.470.240.38-0.040.460.380.96-0.04-0.22-0.29
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Skywater Technology Account Relationship Matchups

Skywater Technology fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab28.2M34.4M17.1M25.2M47.6M31.4M
Total Current Liabilities46.6M86.3M47.8M132.2M144.2M91.3M
Other Liab75.9M108.6M97.5M75.1M86.3M86.4M
Net Tangible Assets22.5M(4.6M)57.2M48.1M55.3M35.2M
Retained Earnings16.8M(3.8M)(54.5M)(94.1M)(125.2M)(118.9M)
Accounts Payable11.3M16.8M7.6M21.1M19.6M15.9M
Other Assets2.4M4.0M4.8M3.5M1.00.95
Net Receivables62.0M30.0M40.1M62.8M95.8M56.8M
Inventory16.0M27.2M17.5M13.4M15.3M14.3M
Total Current Assets84.5M76.6M74.4M116.6M146.4M98.4M
Common Stock7.3M3.8M398K437K470K446.5K
Property Plant Equipment101.9M178.1M180.5M180.1M207.1M164.3M

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