BRF Income Before Tax vs Cost Of Revenue Analysis
BRFS Stock | USD 3.45 0.08 2.37% |
BRF SA financial indicator trend analysis is way more than just evaluating BRF SA ADR prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BRF SA ADR is a good investment. Please check the relationship between BRF SA Income Before Tax and its Cost Of Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BRF SA ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
Income Before Tax vs Cost Of Revenue
Income Before Tax vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BRF SA ADR Income Before Tax account and Cost Of Revenue. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between BRF SA's Income Before Tax and Cost Of Revenue is -0.58. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of BRF SA ADR, assuming nothing else is changed. The correlation between historical values of BRF SA's Income Before Tax and Cost Of 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 Income Before Tax of BRF SA ADR are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Income Before Tax i.e., BRF SA's Income Before Tax and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | -0.58 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on BRF SA income statement and is an important metric when analyzing BRF SA ADR 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.Cost Of Revenue
Cost of Revenue is found on BRF SA ADR income statement and represents the costs associated with goods and services BRF SA 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.Most indicators from BRF SA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BRF SA ADR 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in BRF SA ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. At this time, BRF SA's Selling General Administrative is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 5.6 B in 2024, whereas Tax Provision is likely to drop (59.7 M) in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 10.2B | 8.1B | 8.3B | 5.6B | Total Revenue | 48.3B | 53.8B | 53.6B | 56.3B |
BRF SA fundamental ratios Correlations
Click cells to compare fundamentals
BRF SA Account Relationship Matchups
High Positive Relationship
High Negative Relationship
BRF SA fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 41.7B | 49.7B | 55.9B | 57.9B | 57.3B | 29.9B | |
Short Long Term Debt Total | 21.1B | 24.9B | 27.9B | 26.6B | 23.8B | 12.5B | |
Other Current Liab | 666.2M | 1.2B | 1.2B | 4.9B | 3.1B | 3.3B | |
Total Current Liabilities | 13.3B | 15.4B | 21.2B | 22.3B | 19.4B | 20.4B | |
Total Stockholder Equity | 7.9B | 8.6B | 8.5B | 11.3B | 14.9B | 8.9B | |
Property Plant And Equipment Net | 12.3B | 12.2B | 13.0B | 14.3B | 16.5B | 8.6B | |
Net Debt | 16.8B | 17.4B | 20.4B | 18.4B | 14.5B | 8.9B | |
Retained Earnings | (4.3B) | (4.0B) | (2.6B) | (2.1B) | (2.4B) | 0.0 | |
Accounts Payable | 6.6B | 10.4B | 13.9B | 12.7B | 12.6B | 13.2B | |
Cash | 4.2B | 7.6B | 7.5B | 8.1B | 9.3B | 9.7B | |
Non Current Assets Total | 26.7B | 26.8B | 29.7B | 31.4B | 31.3B | 16.8B | |
Non Currrent Assets Other | 7.3B | 6.9B | 7.1B | 7.6B | 5.2B | 3.0B | |
Cash And Short Term Investments | 4.7B | 7.9B | 7.9B | 8.5B | 9.7B | 10.2B | |
Net Receivables | 3.7B | 5.1B | 5.2B | 5.6B | 6.3B | 3.3B | |
Common Stock Shares Outstanding | 813.9M | 811.3M | 808.7M | 1.1B | 1.4B | 1.3B | |
Liabilities And Stockholders Equity | 41.7B | 49.7B | 55.9B | 57.9B | 57.3B | 29.9B | |
Non Current Liabilities Total | 20.2B | 25.4B | 25.9B | 23.7B | 22.2B | 11.4B | |
Inventory | 5.5B | 8.9B | 12.6B | 11.8B | 9.5B | 9.9B | |
Other Current Assets | 590.7M | 446.3M | 481.5M | 84.8M | 424.3M | 514.1M | |
Other Stockholder Equity | (38.2M) | (123.9M) | (194.8M) | (187.6M) | (96.1M) | (91.3M) | |
Total Liab | 33.6B | 40.9B | 47.1B | 46.0B | 41.6B | 20.8B | |
Property Plant And Equipment Gross | 12.3B | 12.2B | 22.5B | 25.0B | 25.7B | 27.0B | |
Total Current Assets | 15.0B | 22.9B | 26.2B | 26.5B | 26.0B | 13.1B | |
Accumulated Other Comprehensive Income | (529.6M) | (1.2B) | (1.7B) | 984.7M | 1.7B | 1.8B | |
Short Term Debt | 3.5B | 1.4B | 3.7B | 4.6B | 3.4B | 2.7B | |
Other Liab | 2.7B | 1.9B | 1.6B | 1.6B | 1.8B | 993.1M | |
Current Deferred Revenue | 2.5B | 2.3B | 2.4B | 75.8M | 290.3M | 275.8M | |
Other Assets | 9.1B | 9.0B | 10.0B | 10.1B | 1.0 | 0.95 | |
Long Term Debt | 15.5B | 21.3B | 22.3B | 19.6B | 17.6B | 18.5B | |
Good Will | 2.7B | 2.9B | 3.4B | 3.5B | 3.4B | 2.3B | |
Short Term Investments | 418.2M | 314.2M | 346.9M | 418.4M | 447.9M | 555.0M | |
Intangible Assets | 2.2B | 2.3B | 2.7B | 3.0B | 2.7B | 1.9B | |
Property Plant Equipment | 12.3B | 12.2B | 13.0B | 14.3B | 16.4B | 17.2B | |
Net Tangible Assets | 3.0B | 3.4B | 2.3B | 4.8B | 4.4B | 3.7B | |
Long Term Investments | 322.2M | 353.5M | 454.5M | 507.5M | 417.9M | 436.1M | |
Short Long Term Debt | 3.1B | 1.1B | 3.2B | 3.9B | 2.5B | 3.0B |
Pair Trading with BRF SA
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 BRF SA 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 BRF SA will appreciate offsetting losses from the drop in the long position's value.Moving together with BRF Stock
0.68 | GIS | General Mills Financial Report 26th of June 2024 | PairCorr |
Moving against BRF Stock
0.81 | IH | IhumanInc | PairCorr |
0.8 | RMCF | Rocky Mountain Chocolate Report 22nd of May 2024 | PairCorr |
0.74 | SMPL | Simply Good Foods Financial Report 4th of July 2024 | PairCorr |
0.69 | MDLZ | Mondelez International Sell-off Trend | PairCorr |
0.65 | JJSF | J J Snack Financial Report 6th of May 2024 | PairCorr |
The ability to find closely correlated positions to BRF SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BRF SA 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 BRF SA - 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 BRF SA ADR to buy it.
The correlation of BRF SA 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 BRF SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BRF SA ADR 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 BRF SA 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in BRF SA ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the BRF SA ADR information on this page should be used as a complementary analysis to other BRF SA's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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When running BRF SA's price analysis, check to measure BRF SA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BRF SA is operating at the current time. Most of BRF SA's value examination focuses on studying past and present price action to predict the probability of BRF SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BRF SA's price. Additionally, you may evaluate how the addition of BRF SA to your portfolios can decrease your overall portfolio volatility.
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Is BRF SA's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BRF SA. If investors know BRF will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BRF SA listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.02 | Earnings Share (0.29) | Revenue Per Share 39.415 | Quarterly Revenue Growth (0.02) | Return On Assets 0.0065 |
The market value of BRF SA ADR is measured differently than its book value, which is the value of BRF that is recorded on the company's balance sheet. Investors also form their own opinion of BRF SA's value that differs from its market value or its book value, called intrinsic value, which is BRF SA's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BRF SA's market value can be influenced by many factors that don't directly affect BRF SA's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BRF SA's value and its price as these two are different measures arrived at by different means. Investors typically determine if BRF SA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BRF SA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.