Algonquin Operating Income vs Income Before Tax Analysis

AQN Stock

USD 6.54 0.04 0.62%

Algonquin Power financial indicator trend analysis is way more than just evaluating Algonquin Power Utilities prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Algonquin Power Utilities is a good investment. Please check the relationship between Algonquin Power Operating Income and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algonquin Power Utilities. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index.

Operating Income vs Income Before Tax

Operating Income vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Algonquin Power Utilities Operating Income account and Income Before Tax. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Algonquin Power's Operating Income and Income Before Tax is -0.06. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Algonquin Power Utilities, assuming nothing else is changed. The correlation between historical values of Algonquin Power's Operating Income and Income Before Tax 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 Algonquin Power Utilities are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Operating Income i.e., Algonquin Power's Operating Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

-0.06

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Algonquin Power Utilities 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 Algonquin Power Utilities 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.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Algonquin Power income statement and is an important metric when analyzing Algonquin Power Utilities 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.

Most indicators from Algonquin Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Algonquin Power Utilities 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 Algonquin Power Utilities. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index.

At this time, Algonquin Power's Selling General Administrative is very stable compared to the past year. As of the 3rd of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.04, though Tax Provision is likely to grow to (82 M).

	2021	2022	2023	2024 (projected)
Gross Profit	1.6B	1.9B	588.7M	480.0M
Total Revenue	2.3B	2.8B	2.7B	2.9B

Gross Profit Total Revenue

Algonquin Power 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	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Current Deferred Revenue	Accounts Payable	Other Stockholder Equity
Total Assets		0.98	0.83	0.98	0.97	1.0	0.98	-0.62	0.38	1.0	0.79	0.9	0.38	0.98	0.98	0.99	0.99	0.98	0.9	0.99	0.99	0.99	0.99	0.33	0.98	-0.38
Short Long Term Debt Total	0.98		0.88	0.99	0.92	0.98	1.0	-0.72	0.3	0.98	0.84	0.88	0.3	0.98	0.94	0.96	0.99	0.97	0.94	1.0	0.99	0.98	0.96	0.2	0.94	-0.36
Other Current Liab	0.83	0.88		0.88	0.71	0.84	0.89	-0.84	0.02	0.82	0.66	0.8	0.02	0.9	0.75	0.78	0.85	0.89	0.94	0.85	0.88	0.88	0.81	-0.23	0.74	-0.28
Total Current Liabilities	0.98	0.99	0.88		0.94	0.99	0.99	-0.68	0.31	0.98	0.78	0.88	0.31	0.98	0.95	0.96	0.98	0.98	0.94	0.99	0.99	0.99	0.97	0.22	0.95	-0.35
Total Stockholder Equity	0.97	0.92	0.71	0.94		0.96	0.91	-0.45	0.48	0.97	0.71	0.87	0.48	0.93	0.98	0.98	0.95	0.94	0.8	0.95	0.94	0.94	0.98	0.49	0.97	-0.36
Property Plant And Equipment Net	1.0	0.98	0.84	0.99	0.96		0.98	-0.66	0.34	1.0	0.77	0.9	0.34	0.99	0.98	0.99	0.99	0.99	0.91	0.99	0.99	0.99	0.99	0.31	0.97	-0.39
Net Debt	0.98	1.0	0.89	0.99	0.91	0.98		-0.73	0.29	0.98	0.83	0.88	0.29	0.98	0.94	0.96	0.99	0.97	0.94	0.99	0.99	0.98	0.96	0.2	0.94	-0.37
Retained Earnings	-0.62	-0.72	-0.84	-0.68	-0.45	-0.66	-0.73		0.15	-0.62	-0.52	-0.65	0.15	-0.73	-0.56	-0.61	-0.68	-0.69	-0.82	-0.68	-0.7	-0.69	-0.59	0.34	-0.52	0.16
Cash	0.38	0.3	0.02	0.31	0.48	0.34	0.29	0.15		0.38	0.42	0.21	1.0	0.26	0.35	0.4	0.34	0.25	0.11	0.34	0.31	0.35	0.39	0.64	0.4	0.12
Non Current Assets Total	1.0	0.98	0.82	0.98	0.97	1.0	0.98	-0.62	0.38		0.79	0.9	0.38	0.98	0.98	0.99	0.99	0.98	0.89	0.99	0.99	0.99	0.99	0.34	0.98	-0.38
Non Currrent Assets Other	0.79	0.84	0.66	0.78	0.71	0.77	0.83	-0.52	0.42	0.79		0.61	0.42	0.75	0.71	0.75	0.82	0.71	0.72	0.82	0.77	0.78	0.72	0.28	0.76	-0.38
Other Assets	0.9	0.88	0.8	0.88	0.87	0.9	0.88	-0.65	0.21	0.9	0.61		0.21	0.9	0.9	0.9	0.89	0.91	0.85	0.89	0.9	0.89	0.91	0.15	0.83	-0.33
Cash And Short Term Investments	0.38	0.3	0.02	0.31	0.48	0.34	0.29	0.15	1.0	0.38	0.42	0.21		0.26	0.35	0.4	0.34	0.25	0.11	0.34	0.31	0.35	0.39	0.64	0.39	0.13
Net Receivables	0.98	0.98	0.9	0.98	0.93	0.99	0.98	-0.73	0.26	0.98	0.75	0.9	0.26		0.95	0.97	0.98	0.99	0.95	0.98	0.99	0.99	0.97	0.2	0.94	-0.38
Common Stock Total Equity	0.98	0.94	0.75	0.95	0.98	0.98	0.94	-0.56	0.35	0.98	0.71	0.9	0.35	0.95		0.99	0.97	0.95	0.84	0.97	0.96	0.95	0.98	0.4	0.98	-0.44
Common Stock Shares Outstanding	0.99	0.96	0.78	0.96	0.98	0.99	0.96	-0.61	0.4	0.99	0.75	0.9	0.4	0.97	0.99		0.98	0.96	0.86	0.98	0.97	0.97	0.99	0.39	0.97	-0.37
Non Current Liabilities Total	0.99	0.99	0.85	0.98	0.95	0.99	0.99	-0.68	0.34	0.99	0.82	0.89	0.34	0.98	0.97	0.98		0.97	0.91	1.0	0.99	0.98	0.98	0.29	0.96	-0.38
Inventory	0.98	0.97	0.89	0.98	0.94	0.99	0.97	-0.69	0.25	0.98	0.71	0.91	0.25	0.99	0.95	0.96	0.97		0.94	0.98	0.99	0.98	0.98	0.19	0.94	-0.36
Other Current Assets	0.9	0.94	0.94	0.94	0.8	0.91	0.94	-0.82	0.11	0.89	0.72	0.85	0.11	0.95	0.84	0.86	0.91	0.94		0.92	0.94	0.94	0.87	-0.02	0.82	-0.36
Total Liab	0.99	1.0	0.85	0.99	0.95	0.99	0.99	-0.68	0.34	0.99	0.82	0.89	0.34	0.98	0.97	0.98	1.0	0.98	0.92		0.99	0.99	0.98	0.28	0.97	-0.38
Property Plant And Equipment Gross	0.99	0.99	0.88	0.99	0.94	0.99	0.99	-0.7	0.31	0.99	0.77	0.9	0.31	0.99	0.96	0.97	0.99	0.99	0.94	0.99		0.99	0.98	0.23	0.95	-0.37
Total Current Assets	0.99	0.98	0.88	0.99	0.94	0.99	0.98	-0.69	0.35	0.99	0.78	0.89	0.35	0.99	0.95	0.97	0.98	0.98	0.94	0.99	0.99		0.98	0.24	0.94	-0.36
Common Stock	0.99	0.96	0.81	0.97	0.98	0.99	0.96	-0.59	0.39	0.99	0.72	0.91	0.39	0.97	0.98	0.99	0.98	0.98	0.87	0.98	0.98	0.98		0.35	0.97	-0.33
Current Deferred Revenue	0.33	0.2	-0.23	0.22	0.49	0.31	0.2	0.34	0.64	0.34	0.28	0.15	0.64	0.2	0.4	0.39	0.29	0.19	-0.02	0.28	0.23	0.24	0.35		0.44	-0.22
Accounts Payable	0.98	0.94	0.74	0.95	0.97	0.97	0.94	-0.52	0.4	0.98	0.76	0.83	0.39	0.94	0.98	0.97	0.96	0.94	0.82	0.97	0.95	0.94	0.97	0.44		-0.38
Other Stockholder Equity	-0.38	-0.36	-0.28	-0.35	-0.36	-0.39	-0.37	0.16	0.12	-0.38	-0.38	-0.33	0.13	-0.38	-0.44	-0.37	-0.38	-0.36	-0.36	-0.38	-0.37	-0.36	-0.33	-0.22	-0.38

Click cells to compare fundamentals

Algonquin Power Account Relationship Matchups

Algonquin Power fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	10.9B	13.2B	16.8B	17.6B	18.3B	19.2B
Short Long Term Debt Total	3.9B	4.5B	6.2B	7.5B	8.5B	8.9B
Other Current Liab	114.8M	160.9M	279.7M	925.1M	774.0M	812.7M
Total Current Liabilities	872.1M	955.2M	1.4B	1.5B	1.7B	1.8B
Total Stockholder Equity	3.9B	5.2B	5.9B	5.2B	5.0B	5.3B
Property Plant And Equipment Net	7.2B	8.2B	11.0B	11.9B	12.5B	13.1B
Net Debt	3.9B	4.4B	6.1B	7.5B	8.4B	8.9B
Retained Earnings	(367.1M)	45.8M	(288.4M)	(997.9M)	(1.3B)	(1.2B)
Cash	62.5M	101.6M	125.2M	57.6M	55.9M	38.7M
Non Current Assets Total	10.4B	12.5B	15.8B	16.5B	17.2B	18.1B
Non Currrent Assets Other	640.6M	912.8M	1.2B	1.3B	1.4B	1.4B
Other Assets	671.2M	931.8M	1.2B	1.4B	1.6B	1.6B
Cash And Short Term Investments	62.5M	101.6M	125.2M	57.6M	55.9M	39.3M
Net Receivables	259.1M	325.6M	403.4M	528.1M	521.5M	547.6M
Common Stock Total Equity	3.0B	3.6B	4.0B	4.9B	5.7B	6.0B
Common Stock Shares Outstanding	504.7M	564.4M	628.9M	677.9M	690.8M	725.3M
Liabilities And Stockholders Equity	10.9B	13.2B	16.8B	17.6B	18.3B	19.2B
Non Current Liabilities Total	5.3B	6.3B	7.7B	8.9B	9.7B	10.2B
Inventory	91.1M	134.6M	177.8M	224.9M	226.0M	237.3M
Other Current Assets	58.0M	70.3M	174.4M	213.0M	257.6M	270.4M
Total Liab	6.2B	7.2B	9.1B	10.5B	11.4B	11.9B
Property Plant And Equipment Gross	7.2B	8.2B	12.6B	14.0B	14.9B	15.6B
Total Current Assets	513.2M	695.0M	938.7M	1.1B	1.1B	1.1B
Common Stock	4.0B	4.9B	6.0B	6.2B	6.2B	6.5B
Current Deferred Revenue	381.9M	462.3M	543.3M	74.5M	85.7M	141.3M
Accounts Payable	150.3M	192.2M	185.3M	186.1M	209.3M	219.8M
Other Stockholder Equity	50.6M	60.7M	2.0M	9.4M	7.2M	6.9M
Accumulated Other Comprehensive Income	(9.8M)	(22.5M)	(71.7M)	(160.1M)	(101.8M)	(96.7M)
Short Term Debt	225.0M	139.9M	356.4M	423.3M	618.7M	649.6M
Other Liab	1.6B	1.8B	1.8B	1.8B	2.0B	2.1B
Net Tangible Assets	2.6B	3.7B	4.4B	3.6B	4.2B	4.4B
Long Term Debt	3.7B	4.4B	5.9B	7.1B	7.9B	8.3B
Good Will	1.0B	1.2B	1.2B	1.3B	1.3B	1.4B
Deferred Long Term Liab	509.7M	782.4M	1.0B	1.1B	1.2B	1.3B
Long Term Investments	1.4B	2.1B	2.3B	1.8B	1.6B	1.7B
Short Long Term Debt	225.0M	139.9M	356.4M	423.3M	621.9M	652.9M
Intangible Assets	47.6M	114.9M	105.1M	96.7M	93.9M	74.1M
Property Plant Equipment	7.2B	8.2B	11.0B	11.9B	13.7B	14.4B

Algonquin Power Investors Sentiment

The influence of Algonquin Power's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Algonquin. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Algonquin Power's public news can be used to forecast risks associated with an investment in Algonquin. The trend in average sentiment can be used to explain how an investor holding Algonquin can time the market purely based on public headlines and social activities around Algonquin Power Utilities. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Algonquin Power's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Algonquin Power's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Algonquin Power's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Algonquin Power.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Algonquin Power in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Algonquin Power's short interest history, or implied volatility extrapolated from Algonquin Power options trading.

Pair Trading with Algonquin Power

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 Algonquin Power 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 Algonquin Power will appreciate offsetting losses from the drop in the long position's value.

Moving against Algonquin Stock

0.66	BNRG	Brenmiller Energy Earnings Call This Week	Pair Corr
0.53	ELIQ	Electriq Power Holdings Symbol Change	Pair Corr
0.46	AMPS	Altus Power Buyout Trend	Pair Corr
0.43	RNWWW	ReNew Energy Global	Pair Corr

The ability to find closely correlated positions to Algonquin Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Algonquin Power 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 Algonquin Power - 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 Algonquin Power Utilities to buy it.

The correlation of Algonquin Power 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 Algonquin Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Algonquin Power Utilities 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 Algonquin Power 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.

Pair Correlation Correlation Matching

When determining whether Algonquin Power Utilities is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Algonquin Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Algonquin Power Utilities Stock. Highlighted below are key reports to facilitate an investment decision about Algonquin Power Utilities Stock:

How To Invest In Algonquin

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Is Algonquin Stock a good investment?

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What is Algonquin Power's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algonquin Power Utilities. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index.

You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Complementary Tools for Algonquin Stock analysis

When running Algonquin Power's price analysis, check to measure Algonquin Power'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 Algonquin Power is operating at the current time. Most of Algonquin Power's value examination focuses on studying past and present price action to predict the probability of Algonquin Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Algonquin Power's price. Additionally, you may evaluate how the addition of Algonquin Power to your portfolios can decrease your overall portfolio volatility.

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Is Algonquin Power'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 Algonquin Power. If investors know Algonquin 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 Algonquin Power 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

1.998

Dividend Share

0.434

Earnings Share

0.03

Revenue Per Share

3.917

Quarterly Revenue Growth

(0.11)

The market value of Algonquin Power Utilities is measured differently than its book value, which is the value of Algonquin that is recorded on the company's balance sheet. Investors also form their own opinion of Algonquin Power's value that differs from its market value or its book value, called intrinsic value, which is Algonquin Power'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 Algonquin Power's market value can be influenced by many factors that don't directly affect Algonquin Power'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 Algonquin Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Algonquin Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Algonquin Power'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.

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Algonquin Operating Income vs Income Before Tax Analysis

Operating Income vs Income Before Tax

Operating Income vs Income Before Tax Correlation Analysis

Correlation Coefficient

Operating Income

Income Before Tax

Algonquin Power fundamental ratios Correlations

Algonquin Power Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Algonquin Power fundamental ratios Accounts

Algonquin Power Investors Sentiment

Pair Trading with Algonquin Power

Moving against Algonquin Stock

Complementary Tools for Algonquin Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash

Retained Earnings	- 0.84	Other Current Liab
Other Current Assets	- 0.82	Retained Earnings
Net Receivables	- 0.73	Retained Earnings
Retained Earnings	- 0.73	Net Debt
Retained Earnings	- 0.72	Short Long Term Debt Total
Property Plant And Equipment Gross	- 0.7	Retained Earnings