California Gross Profit vs Ebitda Analysis
CRC Stock | USD 49.40 0.15 0.30% |
California Resources financial indicator trend analysis is way more than just evaluating California Resources Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether California Resources Corp is a good investment. Please check the relationship between California Resources Gross Profit and its Ebitda accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in California Resources Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Gross Profit vs Ebitda
Gross Profit vs Ebitda Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of California Resources Corp Gross Profit account and Ebitda. At this time, the significance of the direction appears to have very week relationship.
The correlation between California Resources' Gross Profit and Ebitda is 0.28. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Ebitda in the same time period over historical financial statements of California Resources Corp, assuming nothing else is changed. The correlation between historical values of California Resources' Gross Profit and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of California Resources Corp are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Gross Profit i.e., California Resources' Gross Profit and Ebitda go up and down completely randomly.
Correlation Coefficient | 0.28 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of California Resources Corp minus its cost of goods sold. It is profit before California Resources operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Ebitda
Most indicators from California Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into California Resources 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in California Resources Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. At present, California Resources' Enterprise Value Over EBITDA is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 4.18, whereas Selling General Administrative is forecasted to decline to about 222.3 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.3B | 1.8B | 1.3B | 1.1B | Total Revenue | 2.6B | 3.3B | 2.8B | 2.4B |
California Resources fundamental ratios Correlations
Click cells to compare fundamentals
California Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
California Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 49M | 83.3M | 83M | 77.6M | 72.5M | 65.1M | |
Total Assets | 7.0B | 3.1B | 3.8B | 4.0B | 4.0B | 5.9B | |
Other Current Liab | 285M | 71M | 520M | 531M | 338M | 320.9M | |
Total Current Liabilities | 709M | 473M | 854M | 894M | 616M | 766.5M | |
Total Stockholder Equity | (296M) | 1.2B | 1.7B | 1.9B | 2.2B | 1.8B | |
Property Plant And Equipment Net | 6.4B | 2.7B | 2.6B | 2.9B | 2.8B | 5.4B | |
Accounts Payable | 296M | 212M | 266M | 345M | 245M | 259.6M | |
Non Current Assets Total | 6.5B | 2.7B | 3.1B | 3.1B | 3.1B | 5.5B | |
Non Currrent Assets Other | 114M | 90M | 98M | 67M | 69M | 71.9M | |
Net Receivables | 347M | 219M | 292M | 408M | 278M | 314.2M | |
Liabilities And Stockholders Equity | 7.0B | 3.1B | 3.8B | 4.0B | 4.0B | 5.9B | |
Non Current Liabilities Total | 5.7B | 1.4B | 1.3B | 1.2B | 1.2B | 1.1B | |
Inventory | 69M | 67M | 61M | 60M | 72M | 52.5M | |
Other Current Assets | 2M | 1M | 9M | 12M | 83M | 87.2M | |
Other Stockholder Equity | 4.7B | 1.3B | 1.1B | 844M | 725M | 688.8M | |
Total Liab | 6.5B | 1.9B | 2.2B | 2.1B | 1.8B | 1.7B | |
Property Plant And Equipment Gross | 6.4B | 2.7B | 2.8B | 3.3B | 3.5B | 5.5B | |
Total Current Assets | 491M | 329M | 753M | 864M | 929M | 606.0M | |
Short Long Term Debt Total | 5.0B | 639M | 637M | 662M | 610M | 579.5M | |
Net Debt | 5.0B | 611M | 332M | 355M | 114M | 108.3M | |
Retained Earnings | (5.4B) | (123M) | 475M | 938M | 1.4B | 1.5B | |
Common Stock | (814M) | (361M) | (389M) | 1M | 1.2M | 1.2M | |
Short Term Debt | 128M | 7M | 11M | 18M | 15M | 14.3M | |
Other Liab | 682M | 787M | 678M | 565M | 508.5M | 618.2M | |
Net Tangible Assets | (389M) | 1.1B | 1.7B | 1.9B | 2.1B | 2.3B | |
Long Term Debt | 4.9B | 597M | 589M | 592M | 540M | 513M | |
Long Term Debt Total | 4.9B | 597M | 589M | 592M | 532.8M | 506.2M | |
Capital Surpluse | 5.0B | 1.3B | 1.3B | 1.3B | 1.2B | 1.1B | |
Non Current Liabilities Other | 682M | 19M | 583M | 617M | 62M | 58.9M | |
Property Plant Equipment | 6.4B | 2.7B | 2.6B | 2.9B | 2.6B | 3.7B | |
Net Invested Capital | 4.6B | 1.7B | 2.3B | 2.5B | 2.8B | 2.7B | |
Net Working Capital | (218M) | (144M) | (101M) | (30M) | 313M | 328.7M |
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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.When determining whether California Resources Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of California Resources' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of California Resources Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on California Resources Corp Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in California Resources Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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When running California Resources' price analysis, check to measure California Resources' 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 California Resources is operating at the current time. Most of California Resources' value examination focuses on studying past and present price action to predict the probability of California Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move California Resources' price. Additionally, you may evaluate how the addition of California Resources to your portfolios can decrease your overall portfolio volatility.
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Is California Resources' 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 California Resources. If investors know California 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 California Resources 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 1.36 | Dividend Share 1.185 | Earnings Share 3.55 | Revenue Per Share 33.539 | Quarterly Revenue Growth (0.47) |
The market value of California Resources Corp is measured differently than its book value, which is the value of California that is recorded on the company's balance sheet. Investors also form their own opinion of California Resources' value that differs from its market value or its book value, called intrinsic value, which is California Resources' 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 California Resources' market value can be influenced by many factors that don't directly affect California Resources' 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 California Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if California Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, California Resources' 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.