Westaim Operating Income vs Other Operating Expenses Analysis

WED Stock  CAD 5.24  0.06  1.16%   
Westaim Corp financial indicator trend analysis is more than just analyzing Westaim Corp current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Westaim Corp is a good investment. Please check the relationship between Westaim Corp Operating Income and its Other Operating Expenses accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westaim Corp. 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.

Operating Income vs Other Operating Expenses

Operating Income vs Other Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Westaim Corp Operating Income account and Other Operating Expenses. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Westaim Corp's Operating Income and Other Operating Expenses is 0.14. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Westaim Corp, assuming nothing else is changed. The correlation between historical values of Westaim Corp's Operating Income and Other Operating Expenses 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 Westaim Corp are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Operating Income i.e., Westaim Corp's Operating Income and Other Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.14
Relationship DirectionPositive 
Relationship StrengthInsignificant

Operating Income

Operating Income is the amount of profit realized from Westaim Corp 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 Westaim Corp 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.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Westaim Corp. It is also known as Westaim Corp overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from Westaim Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Westaim Corp 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westaim Corp. 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, Westaim Corp's Tax Provision is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 1.46 in 2024, whereas Selling General Administrative is likely to drop slightly above 2.3 M in 2024.

Westaim Corp fundamental ratios Correlations

0.590.60.350.08-0.180.58-0.080.96-0.05-0.05-0.080.840.050.87-0.050.130.80.90.440.130.1-0.05-0.19-0.080.03
0.590.250.91-0.45-0.070.970.450.370.18-0.10.450.76-0.460.610.51-0.260.830.620.92-0.61-0.49-0.05-0.090.01-0.36
0.60.25-0.01-0.180.640.230.240.54-0.540.10.240.180.670.19-0.660.640.150.240.130.060.57-0.52-0.65-0.160.65
0.350.91-0.01-0.39-0.170.920.370.120.28-0.220.370.62-0.580.420.63-0.360.730.440.86-0.82-0.6-0.10.050.13-0.45
0.08-0.45-0.18-0.39-0.5-0.53-0.970.310.270.42-0.970.060.290.11-0.3-0.1-0.090.1-0.670.490.440.410.610.440.19
-0.18-0.070.64-0.17-0.5-0.060.57-0.26-0.630.020.57-0.50.62-0.55-0.610.59-0.48-0.51-0.02-0.160.48-0.66-0.73-0.20.68
0.580.970.230.92-0.53-0.060.510.340.09-0.320.510.73-0.50.60.54-0.220.830.610.96-0.62-0.53-0.17-0.22-0.1-0.39
-0.080.450.240.37-0.970.570.51-0.31-0.24-0.371.0-0.04-0.22-0.130.240.010.06-0.120.66-0.51-0.4-0.37-0.61-0.32-0.14
0.960.370.540.120.31-0.260.34-0.31-0.060.03-0.310.760.160.84-0.180.190.690.870.190.360.240.02-0.11-0.080.09
-0.050.18-0.540.280.27-0.630.09-0.24-0.060.36-0.240.34-0.560.260.54-0.720.280.190.14-0.14-0.480.780.780.53-0.51
-0.05-0.10.1-0.220.420.02-0.32-0.370.030.36-0.37-0.080.3-0.13-0.330.05-0.2-0.17-0.380.160.340.460.520.430.33
-0.080.450.240.37-0.970.570.511.0-0.31-0.24-0.37-0.04-0.22-0.130.240.010.06-0.120.66-0.51-0.4-0.37-0.61-0.32-0.14
0.840.760.180.620.06-0.50.73-0.040.760.34-0.08-0.04-0.410.960.43-0.370.970.950.63-0.15-0.380.270.150.09-0.45
0.05-0.460.67-0.580.290.62-0.5-0.220.16-0.560.3-0.22-0.41-0.36-0.980.7-0.51-0.32-0.590.390.94-0.45-0.360.070.93
0.870.610.190.420.11-0.550.6-0.130.840.26-0.13-0.130.96-0.360.36-0.240.931.00.50.08-0.310.290.09-0.08-0.43
-0.050.51-0.660.63-0.3-0.610.540.24-0.180.54-0.330.240.43-0.980.36-0.720.530.320.62-0.46-0.960.410.36-0.03-0.94
0.13-0.260.64-0.36-0.10.59-0.220.010.19-0.720.050.01-0.370.7-0.24-0.72-0.29-0.17-0.310.240.67-0.67-0.6-0.410.68
0.80.830.150.73-0.09-0.480.830.060.690.28-0.20.060.97-0.510.930.53-0.290.930.73-0.26-0.470.150.06-0.05-0.51
0.90.620.240.440.1-0.510.61-0.120.870.19-0.17-0.120.95-0.321.00.32-0.170.930.50.07-0.270.20.03-0.09-0.39
0.440.920.130.86-0.67-0.020.960.660.190.14-0.380.660.63-0.590.50.62-0.310.730.5-0.6-0.63-0.1-0.23-0.13-0.45
0.13-0.610.06-0.820.49-0.16-0.62-0.510.36-0.140.16-0.51-0.150.390.08-0.460.24-0.260.07-0.60.520.260.02-0.170.28
0.1-0.490.57-0.60.440.48-0.53-0.40.24-0.480.34-0.4-0.380.94-0.31-0.960.67-0.47-0.27-0.630.52-0.36-0.250.10.93
-0.05-0.05-0.52-0.10.41-0.66-0.17-0.370.020.780.46-0.370.27-0.450.290.41-0.670.150.2-0.10.26-0.360.770.25-0.48
-0.19-0.09-0.650.050.61-0.73-0.22-0.61-0.110.780.52-0.610.15-0.360.090.36-0.60.060.03-0.230.02-0.250.770.58-0.34
-0.080.01-0.160.130.44-0.2-0.1-0.32-0.080.530.43-0.320.090.07-0.08-0.03-0.41-0.05-0.09-0.13-0.170.10.250.580.11
0.03-0.360.65-0.450.190.68-0.39-0.140.09-0.510.33-0.14-0.450.93-0.43-0.940.68-0.51-0.39-0.450.280.93-0.48-0.340.11
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Westaim Corp Account Relationship Matchups

Westaim Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets410.7M377.4M401.7M413.3M551.8M336.9M
Total Current Liabilities2.1M2.3M3.6M3.3M14.6M9.7M
Total Stockholder Equity354.7M320.5M347.7M363.1M518.3M544.3M
Property Plant And Equipment Net656K536K402K261K124K117.8K
Net Debt(21.6M)(8.2M)(6.1M)(3.2M)(134.9M)(128.2M)
Retained Earnings(42.8M)(77.2M)(49.0M)(31.0M)153.0M160.6M
Accounts Payable2.1M2.3M3.6M3.3M14.6M8.8M
Cash22.2M8.7M6.6M3.4M135.0M141.8M
Non Current Assets Total385.8M367.4M394.7M409.4M414.4M260.7M
Non Currrent Assets Other(656K)(367.4M)(394.7M)(409.4M)(414.4M)(393.7M)
Other Assets3.5M2.7M64K178K1.5M1.5M
Cash And Short Term Investments22.2M8.7M6.6M3.4M135.0M141.8M
Net Receivables279K1.1M364K291K864K820.8K
Liabilities And Stockholders Equity410.7M377.4M401.7M413.3M551.8M336.9M
Non Current Liabilities Total645K541K413K3.3M128K121.6K
Inventory(373.5M)(346.7M)(368.1M)(382.2M)(386.7M)(367.4M)
Other Current Assets375.3M347.6M368.2M382.2M387.2M406.6M
Other Stockholder Equity14.2M16.5M15.3M15.5M11.5M10.9M
Total Liab56.1M56.8M54.0M50.2M33.5M31.8M
Total Current Assets22.2M9.8M6.9M3.7M135.9M68.8M
Short Term Investments373.5M346.7M368.1M382.2M386.7M231.9M
Short Long Term Debt Total645K541K413K261K128K121.6K
Other Current Liab(2.1M)(2.3M)(3.6M)(3.3M)(14.6M)(13.9M)
Other Liab6.4M6.3M1.3M94K84.6K80.4K
Net Tangible Assets354.7M320.5M347.7M363.1M417.5M268.9M
Property Plant Equipment656K536K402K261K234.9K223.2K
Long Term Investments385.8M366.9M394.3M409.1M414.3M333.4M

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