Tootsie Total Operating Expenses vs Operating Income Analysis

TR Stock

USD 29.36 0.27 0.93%

Tootsie Roll financial indicator trend analysis is much more than just breaking down Tootsie Roll Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tootsie Roll Industries is a good investment. Please check the relationship between Tootsie Roll Total Operating Expenses and its Operating Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tootsie Roll Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Total Operating Expenses vs Operating Income

Total Operating Expenses vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tootsie Roll Industries Total Operating Expenses account and Operating Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between Tootsie Roll's Total Operating Expenses and Operating Income is 0.72. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Operating Income in the same time period over historical financial statements of Tootsie Roll Industries, assuming nothing else is changed. The correlation between historical values of Tootsie Roll's Total Operating Expenses 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 Total Operating Expenses of Tootsie Roll Industries 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 Total Operating Expenses i.e., Tootsie Roll's Total Operating Expenses and Operating Income go up and down completely randomly.

Correlation Coefficient

0.72

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Operating Income

Operating Income is the amount of profit realized from Tootsie Roll Industries 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 Tootsie Roll Industries 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 Tootsie Roll's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tootsie Roll Industries 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 Tootsie Roll Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

At this time, Tootsie Roll's Sales General And Administrative To Revenue is relatively stable compared to the past year. As of 06/07/2024, Enterprise Value is likely to grow to about 2.4 B, while Selling General Administrative is likely to drop slightly above 68.3 M.

	2021	2022	2023	2024 (projected)
Gross Profit	194.5M	227.2M	257.4M	181.3M
Total Revenue	566.0M	681.4M	769.4M	451.1M

Gross Profit Total Revenue

Tootsie Roll fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock Total Equity	Short Term Investments
Total Assets		0.68	0.94	0.92	1.0	0.96	-0.5	0.02	0.57	0.98	0.15	0.73	0.91	-0.86	0.97	0.83	0.43	0.99	0.99	0.36	0.91	0.04	0.97	0.58	0.77	0.05
Short Long Term Debt Total	0.68		0.79	0.85	0.66	0.66	-0.05	0.01	0.16	0.67	-0.35	0.43	0.68	-0.83	0.64	0.67	0.56	0.66	0.73	0.9	0.63	0.67	0.65	0.73	0.88	0.27
Other Current Liab	0.94	0.79		0.97	0.93	0.91	-0.38	0.01	0.47	0.91	0.01	0.7	0.86	-0.82	0.91	0.83	0.36	0.92	0.96	0.51	0.88	0.24	0.9	0.66	0.83	0.18
Total Current Liabilities	0.92	0.85	0.97		0.91	0.87	-0.31	-0.03	0.4	0.88	-0.1	0.69	0.88	-0.87	0.86	0.87	0.46	0.91	0.94	0.61	0.89	0.32	0.87	0.76	0.89	0.28
Total Stockholder Equity	1.0	0.66	0.93	0.91		0.95	-0.51	0.01	0.58	0.98	0.16	0.74	0.91	-0.86	0.96	0.81	0.44	0.99	0.98	0.34	0.91	0.03	0.97	0.57	0.76	0.05
Property Plant And Equipment Net	0.96	0.66	0.91	0.87	0.95		-0.33	0.27	0.4	0.98	0.33	0.54	0.87	-0.77	0.96	0.88	0.38	0.9	0.96	0.38	0.77	-0.02	0.97	0.53	0.67	-0.12
Net Debt	-0.5	-0.05	-0.38	-0.31	-0.51	-0.33		0.37	-0.99	-0.41	-0.04	-0.8	-0.25	0.4	-0.48	-0.08	-0.06	-0.55	-0.44	0.31	-0.63	0.11	-0.44	0.07	-0.22	0.07
Retained Earnings	0.02	0.01	0.01	-0.03	0.01	0.27	0.37		-0.37	0.13	0.7	-0.48	0.02	0.04	0.07	0.32	0.12	-0.14	0.04	0.11	-0.25	-0.1	0.21	-0.16	-0.17	-0.57
Cash	0.57	0.16	0.47	0.4	0.58	0.4	-0.99	-0.37		0.48	0.0	0.83	0.33	-0.49	0.55	0.15	0.12	0.61	0.51	-0.21	0.69	-0.04	0.51	0.01	0.31	-0.04
Non Current Assets Total	0.98	0.67	0.91	0.88	0.98	0.98	-0.41	0.13	0.48		0.24	0.6	0.91	-0.81	0.98	0.83	0.4	0.95	0.98	0.36	0.82	-0.02	0.97	0.55	0.71	-0.09
Non Currrent Assets Other	0.15	-0.35	0.01	-0.1	0.16	0.33	-0.04	0.7	0.0	0.24		-0.17	0.09	0.11	0.2	0.19	-0.13	0.06	0.11	-0.45	-0.07	-0.62	0.31	-0.42	-0.32	-0.58
Cash And Short Term Investments	0.73	0.43	0.7	0.69	0.74	0.54	-0.8	-0.48	0.83	0.6	-0.17		0.56	-0.69	0.65	0.43	0.28	0.8	0.68	0.09	0.93	0.15	0.64	0.4	0.65	0.44
Net Receivables	0.91	0.68	0.86	0.88	0.91	0.87	-0.25	0.02	0.33	0.91	0.09	0.56		-0.8	0.86	0.79	0.48	0.91	0.89	0.43	0.8	0.03	0.88	0.65	0.77	0.09
Common Stock Shares Outstanding	-0.86	-0.83	-0.82	-0.87	-0.86	-0.77	0.4	0.04	-0.49	-0.81	0.11	-0.69	-0.8		-0.77	-0.67	-0.76	-0.85	-0.83	-0.63	-0.85	-0.45	-0.85	-0.64	-0.83	-0.19
Non Current Liabilities Total	0.97	0.64	0.91	0.86	0.96	0.96	-0.48	0.07	0.55	0.98	0.2	0.65	0.86	-0.77		0.81	0.33	0.94	0.99	0.31	0.83	-0.06	0.95	0.48	0.69	-0.09
Inventory	0.83	0.67	0.83	0.87	0.81	0.88	-0.08	0.32	0.15	0.83	0.19	0.43	0.79	-0.67	0.81		0.35	0.76	0.85	0.5	0.71	0.09	0.85	0.66	0.75	0.11
Other Current Assets	0.43	0.56	0.36	0.46	0.44	0.38	-0.06	0.12	0.12	0.4	-0.13	0.28	0.48	-0.76	0.33	0.35		0.4	0.38	0.59	0.44	0.48	0.47	0.46	0.46	0.11
Other Stockholder Equity	0.99	0.66	0.92	0.91	0.99	0.9	-0.55	-0.14	0.61	0.95	0.06	0.8	0.91	-0.85	0.94	0.76	0.4		0.96	0.33	0.94	0.04	0.92	0.6	0.78	0.15
Total Liab	0.99	0.73	0.96	0.94	0.98	0.96	-0.44	0.04	0.51	0.98	0.11	0.68	0.89	-0.83	0.99	0.85	0.38	0.96		0.42	0.87	0.07	0.96	0.59	0.78	0.03
Property Plant And Equipment Gross	0.36	0.9	0.51	0.61	0.34	0.38	0.31	0.11	-0.21	0.36	-0.45	0.09	0.43	-0.63	0.31	0.5	0.59	0.33	0.42		0.31	0.79	0.35	0.7	0.7	0.3
Total Current Assets	0.91	0.63	0.88	0.89	0.91	0.77	-0.63	-0.25	0.69	0.82	-0.07	0.93	0.8	-0.85	0.83	0.71	0.44	0.94	0.87	0.31		0.18	0.84	0.59	0.81	0.36
Short Term Debt	0.04	0.67	0.24	0.32	0.03	-0.02	0.11	-0.1	-0.04	-0.02	-0.62	0.15	0.03	-0.45	-0.06	0.09	0.48	0.04	0.07	0.79	0.18		0.02	0.44	0.51	0.43
Intangible Assets	0.97	0.65	0.9	0.87	0.97	0.97	-0.44	0.21	0.51	0.97	0.31	0.64	0.88	-0.85	0.95	0.85	0.47	0.92	0.96	0.35	0.84	0.02		0.47	0.72	-0.07
Accounts Payable	0.58	0.73	0.66	0.76	0.57	0.53	0.07	-0.16	0.01	0.55	-0.42	0.4	0.65	-0.64	0.48	0.66	0.46	0.6	0.59	0.7	0.59	0.44	0.47		0.71	0.47
Common Stock Total Equity	0.77	0.88	0.83	0.89	0.76	0.67	-0.22	-0.17	0.31	0.71	-0.32	0.65	0.77	-0.83	0.69	0.75	0.46	0.78	0.78	0.7	0.81	0.51	0.72	0.71		0.47
Short Term Investments	0.05	0.27	0.18	0.28	0.05	-0.12	0.07	-0.57	-0.04	-0.09	-0.58	0.44	0.09	-0.19	-0.09	0.11	0.11	0.15	0.03	0.3	0.36	0.43	-0.07	0.47	0.47

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Tootsie Roll Account Relationship Matchups

Tootsie Roll fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	977.9M	984.6M	1.0B	1.0B	1.1B	688.6M
Short Long Term Debt Total	9.8M	9.2M	15.9M	13.3M	15.9M	13.1M
Other Current Liab	65.0M	55.4M	63.0M	63.0M	68.6M	43.2M
Total Current Liabilities	79.5M	70.0M	80.0M	90.1M	94.9M	60.6M
Total Stockholder Equity	759.9M	763.3M	769.0M	783.2M	823.4M	535.9M
Property Plant And Equipment Net	188.5M	187.3M	208.9M	212.0M	223.0M	149.8M
Net Debt	(129.1M)	(157.7M)	(90.0M)	(40.0M)	(60.4M)	(63.4M)
Retained Earnings	40.8M	32.3M	39.5M	48.3M	62.9M	79.8M
Cash	139.0M	166.8M	105.8M	53.3M	76.3M	75.6M
Non Current Assets Total	624.5M	663.7M	750.3M	709.8M	743.7M	465.7M
Non Currrent Assets Other	34.1M	7.0M	603K	465K	15.2M	14.4M
Cash And Short Term Investments	239.4M	208.9M	145.8M	149.4M	171.8M	110.3M
Net Receivables	48.5M	45.1M	58.8M	62.9M	64.7M	36.7M
Common Stock Shares Outstanding	75.9M	74.9M	73.7M	73.0M	71.9M	71.0M
Liabilities And Stockholders Equity	977.9M	984.6M	1.0B	1.0B	1.1B	688.6M
Non Current Liabilities Total	138.7M	151.4M	169.9M	145.8M	166.4M	92.0M
Inventory	59.1M	59.6M	55.5M	84.3M	94.9M	50.8M
Other Current Assets	6.4M	7.3M	8.1M	12.5M	9.2M	18.2M
Other Stockholder Equity	694.1M	704.9M	707.9M	717.6M	735.5M	427.1M
Total Liab	218.2M	221.5M	249.8M	235.9M	261.3M	152.7M
Property Plant And Equipment Gross	188.5M	187.3M	621.4M	641.2M	670.5M	704.0M
Total Current Assets	353.3M	320.9M	268.3M	309.0M	340.7M	222.9M
Accumulated Other Comprehensive Income	(20.2M)	(19.8M)	(25.0M)	(30.2M)	(23.2M)	(24.4M)
Short Term Debt	1.8M	1.6M	2.0M	1.8M	2.4M	4.1M
Accounts Payable	12.7M	13.0M	15.0M	25.2M	15.8M	12.3M
Common Stock Total Equity	45.2M	45.9M	46.6M	47.5M	54.6M	44.0M
Short Term Investments	100.4M	42.1M	40.0M	96.1M	95.5M	54.1M
Common Stock	45.2M	45.9M	46.6M	47.5M	48.2M	44.4M
Other Liab	130.7M	143.9M	156.0M	134.3M	154.5M	95.2M
Other Assets	34.8M	403.1M	2.0M	1.9M	2.2M	2.1M
Property Plant Equipment	188.5M	187.3M	208.9M	212.0M	243.8M	204.0M
Net Tangible Assets	511.6M	515.1M	520.8M	534.9M	615.1M	516.0M
Noncontrolling Interest In Consolidated Entity	(205K)	(227K)	(245K)	(289K)	(260.1K)	(247.1K)
Retained Earnings Total Equity	40.8M	32.3M	39.5M	48.3M	43.4M	50.3M
Capital Surpluse	696.1M	706.9M	709.9M	719.6M	827.5M	695.0M

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Tootsie Total Operating Expenses vs Operating Income Analysis

Total Operating Expenses vs Operating Income

Total Operating Expenses vs Operating Income Correlation Analysis

Correlation Coefficient

Total Operating Expenses

Operating Income

Tootsie Roll fundamental ratios Correlations

Tootsie Roll Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tootsie Roll fundamental ratios Accounts

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Additional Tools for Tootsie Stock Analysis

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Total Stockholder Equity	+ 1.0	Total Assets
Other Stockholder Equity	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Other Stockholder Equity	+ 0.99	Total Stockholder Equity
Total Liab	+ 0.99	Non Current Liabilities Total
Non Current Assets Total	+ 0.98	Total Assets

Cash	- 0.99	Net Debt
Common Stock Shares Outstanding	- 0.87	Total Current Liabilities
Common Stock Shares Outstanding	- 0.86	Total Stockholder Equity
Common Stock Shares Outstanding	- 0.86	Total Assets
Intangible Assets	- 0.85	Common Stock Shares Outstanding
Total Current Assets	- 0.85	Common Stock Shares Outstanding