Bio Operating Income vs Net Income Analysis

BIO Stock

USD 279.83 0.52 0.19%

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

Operating Income vs Net Income

Operating Income vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bio Rad Laboratories Operating Income account and Net Income. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Bio Rad's Operating Income and Net Income is 0.11. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Net Income in the same time period over historical financial statements of Bio Rad Laboratories, assuming nothing else is changed. The correlation between historical values of Bio Rad's Operating Income and Net 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 Operating Income of Bio Rad Laboratories are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Operating Income i.e., Bio Rad's Operating Income and Net Income go up and down completely randomly.

Correlation Coefficient

0.11

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Bio Rad Laboratories 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 Bio Rad Laboratories 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.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Bio Rad Laboratories financial statement analysis. It represents the amount of money remaining after all of Bio Rad Laboratories operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Bio Rad's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bio Rad Laboratories 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 Bio Rad Laboratories. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

At this time, Bio Rad's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 4th of May 2024, Enterprise Value is likely to grow to about 1 B, while Selling General Administrative is likely to drop about 481.6 M.

	2021	2022	2023	2024 (projected)
Gross Profit	1.6B	1.6B	1.4B	769.3M
Total Revenue	2.9B	2.8B	2.7B	1.4B

Gross Profit Total Revenue

Bio Rad 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	Accounts Payable	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		0.27	-0.41	0.51	1.0	0.85	0.14	1.0	0.3	0.99	-0.97	0.71	0.4	0.46	0.97	0.71	-0.02	-0.19	0.98	0.93	0.69	0.08	0.58	0.42	-0.37	-0.37
Short Long Term Debt Total	0.27		-0.75	-0.03	0.22	0.43	0.95	0.27	-0.08	0.18	-0.05	0.81	0.28	0.22	0.47	0.63	0.23	-0.7	0.45	0.52	0.76	0.0	-0.28	0.51	-0.33	-0.33
Other Current Liab	-0.41	-0.75		0.13	-0.38	-0.45	-0.75	-0.44	0.24	-0.36	0.27	-0.61	-0.02	-0.04	-0.54	-0.56	0.08	0.86	-0.5	-0.67	-0.58	-0.01	0.3	-0.22	0.1	0.1
Total Current Liabilities	0.51	-0.03	0.13		0.5	0.72	-0.29	0.46	0.85	0.48	-0.49	0.43	0.72	0.78	0.4	0.53	0.37	0.48	0.5	0.34	0.5	0.59	0.69	0.39	-0.7	-0.7
Total Stockholder Equity	1.0	0.22	-0.38	0.5		0.83	0.08	1.0	0.3	1.0	-0.98	0.67	0.38	0.44	0.96	0.68	-0.04	-0.16	0.97	0.92	0.65	0.08	0.59	0.39	-0.35	-0.35
Property Plant And Equipment Net	0.85	0.43	-0.45	0.72	0.83		0.2	0.82	0.55	0.8	-0.74	0.84	0.65	0.78	0.83	0.92	0.26	-0.06	0.88	0.85	0.89	0.29	0.6	0.48	-0.72	-0.72
Net Debt	0.14	0.95	-0.75	-0.29	0.08	0.2		0.15	-0.38	0.06	0.06	0.64	0.07	-0.04	0.35	0.44	0.12	-0.81	0.3	0.41	0.57	-0.13	-0.45	0.38	-0.07	-0.07
Retained Earnings	1.0	0.27	-0.44	0.46	1.0	0.82	0.15		0.25	0.99	-0.97	0.69	0.34	0.4	0.97	0.67	-0.06	-0.23	0.97	0.93	0.67	0.09	0.53	0.39	-0.31	-0.31
Cash	0.3	-0.08	0.24	0.85	0.3	0.55	-0.38	0.25		0.27	-0.28	0.32	0.7	0.76	0.21	0.42	0.37	0.54	0.31	0.18	0.39	0.37	0.6	0.37	-0.73	-0.73
Non Current Assets Total	0.99	0.18	-0.36	0.48	1.0	0.8	0.06	0.99	0.27		-0.99	0.63	0.34	0.39	0.95	0.63	-0.08	-0.16	0.95	0.9	0.61	0.07	0.58	0.36	-0.3	-0.3
Non Currrent Assets Other	-0.97	-0.05	0.27	-0.49	-0.98	-0.74	0.06	-0.97	-0.28	-0.99		-0.53	-0.3	-0.36	-0.9	-0.54	0.12	0.08	-0.91	-0.85	-0.51	-0.08	-0.62	-0.31	0.24	0.24
Cash And Short Term Investments	0.71	0.81	-0.61	0.43	0.67	0.84	0.64	0.69	0.32	0.63	-0.53		0.55	0.57	0.81	0.89	0.22	-0.39	0.82	0.83	0.97	0.16	0.28	0.59	-0.58	-0.58
Net Receivables	0.4	0.28	-0.02	0.72	0.38	0.65	0.07	0.34	0.7	0.34	-0.3	0.55		0.88	0.4	0.71	0.74	0.3	0.46	0.37	0.68	0.02	0.56	0.76	-0.88	-0.88
Common Stock Shares Outstanding	0.46	0.22	-0.04	0.78	0.44	0.78	-0.04	0.4	0.76	0.39	-0.36	0.57	0.88		0.42	0.8	0.64	0.39	0.5	0.41	0.72	0.13	0.67	0.54	-0.97	-0.97
Non Current Liabilities Total	0.97	0.47	-0.54	0.4	0.96	0.83	0.35	0.97	0.21	0.95	-0.9	0.81	0.4	0.42		0.76	0.01	-0.35	0.99	0.97	0.78	0.0	0.44	0.51	-0.37	-0.37
Inventory	0.71	0.63	-0.56	0.53	0.68	0.92	0.44	0.67	0.42	0.63	-0.54	0.89	0.71	0.8	0.76		0.43	-0.18	0.79	0.8	0.97	0.07	0.45	0.57	-0.78	-0.78
Other Current Assets	-0.02	0.23	0.08	0.37	-0.04	0.26	0.12	-0.06	0.37	-0.08	0.12	0.22	0.74	0.64	0.01	0.43		0.26	0.06	-0.02	0.39	-0.12	0.11	0.59	-0.7	-0.7
Other Stockholder Equity	-0.19	-0.7	0.86	0.48	-0.16	-0.06	-0.81	-0.23	0.54	-0.16	0.08	-0.39	0.3	0.39	-0.35	-0.18	0.26		-0.28	-0.45	-0.28	0.15	0.62	-0.14	-0.29	-0.29
Total Liab	0.98	0.45	-0.5	0.5	0.97	0.88	0.3	0.97	0.31	0.95	-0.91	0.82	0.46	0.5	0.99	0.79	0.06	-0.28		0.96	0.81	0.09	0.5	0.52	-0.45	-0.45
Property Plant And Equipment Gross	0.93	0.52	-0.67	0.34	0.92	0.85	0.41	0.93	0.18	0.9	-0.85	0.83	0.37	0.41	0.97	0.8	-0.02	-0.45	0.96		0.81	0.01	0.36	0.47	-0.37	-0.37
Total Current Assets	0.69	0.76	-0.58	0.5	0.65	0.89	0.57	0.67	0.39	0.61	-0.51	0.97	0.68	0.72	0.78	0.97	0.39	-0.28	0.81	0.81		0.1	0.35	0.64	-0.73	-0.73
Short Term Debt	0.08	0.0	-0.01	0.59	0.08	0.29	-0.13	0.09	0.37	0.07	-0.08	0.16	0.02	0.13	0.0	0.07	-0.12	0.15	0.09	0.01	0.1		0.11	-0.22	-0.07	-0.07
Accounts Payable	0.58	-0.28	0.3	0.69	0.59	0.6	-0.45	0.53	0.6	0.58	-0.62	0.28	0.56	0.67	0.44	0.45	0.11	0.62	0.5	0.36	0.35	0.11		0.15	-0.51	-0.51
Intangible Assets	0.42	0.51	-0.22	0.39	0.39	0.48	0.38	0.39	0.37	0.36	-0.31	0.59	0.76	0.54	0.51	0.57	0.59	-0.14	0.52	0.47	0.64	-0.22	0.15		-0.64	-0.64
Common Stock Total Equity	-0.37	-0.33	0.1	-0.7	-0.35	-0.72	-0.07	-0.31	-0.73	-0.3	0.24	-0.58	-0.88	-0.97	-0.37	-0.78	-0.7	-0.29	-0.45	-0.37	-0.73	-0.07	-0.51	-0.64		1.0
Common Stock	-0.37	-0.33	0.1	-0.7	-0.35	-0.72	-0.07	-0.31	-0.73	-0.3	0.24	-0.58	-0.88	-0.97	-0.37	-0.78	-0.7	-0.29	-0.45	-0.37	-0.73	-0.07	-0.51	-0.64	1.0

Click cells to compare fundamentals

Bio Rad Account Relationship Matchups

Bio Rad fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.0B	13.0B	17.8B	13.5B	12.3B	12.9B
Short Long Term Debt Total	439.8M	14.1M	11.0M	1.2B	1.4B	1.5B
Other Current Liab	158.5M	224.9M	210.7M	186.2M	(35.4B)	(33.6B)
Total Current Liabilities	905.5M	631.5M	680.9M	568.7M	522.8M	338.4M
Total Stockholder Equity	5.8B	9.9B	13.7B	9.6B	8.7B	9.2B
Property Plant And Equipment Net	701.2M	693.5M	695.8M	679.6M	723.7M	759.9M
Net Debt	(220.9M)	(648.1M)	(459.8M)	764.0M	1.0B	1.1B
Retained Earnings	5.5B	9.3B	13.5B	9.9B	9.3B	9.7B
Cash	660.7M	662.2M	470.8M	434.2M	404.0M	257.1M
Non Current Assets Total	5.8B	10.8B	15.8B	10.3B	9.3B	9.7B
Non Currrent Assets Other	(997.7B)	(2.1T)	(3.1T)	(1.8T)	(1.5T)	(1.4T)
Cash And Short Term Investments	1.1B	996.7M	875.5M	1.8B	1.6B	1.7B
Net Receivables	392.7M	419.4M	423.5M	494.6M	500.9M	272.8M
Common Stock Shares Outstanding	30.2M	30.2M	30.2M	29.8M	29.2M	29.1M
Liabilities And Stockholders Equity	8.0B	13.0B	17.8B	13.5B	12.3B	12.9B
Non Current Liabilities Total	1.3B	2.5B	3.4B	3.3B	3.0B	3.2B
Inventory	554.0M	622.3M	572.2M	719.3M	780.5M	819.5M
Other Current Assets	113.3M	101.5M	117.8M	147.8M	154.0M	91.6M
Other Stockholder Equity	371.6M	329.5M	335.4M	183.9M	(183.5M)	(174.3M)
Total Liab	2.3B	3.1B	4.1B	3.9B	3.6B	3.7B
Property Plant And Equipment Gross	701.2M	1.5B	1.5B	1.5B	1.8B	1.9B
Total Current Assets	2.2B	2.1B	2.0B	3.2B	3.0B	3.2B
Accumulated Other Comprehensive Income	(87.3M)	282.5M	(175.6M)	(466.8M)	(336.0M)	(319.2M)
Short Term Debt	426.2M	1.8M	489K	465K	41.4M	30.8M
Accounts Payable	287.1M	362.3M	418.9M	329.8M	142.8M	138.4M
Intangible Assets	145.5M	199.5M	253.9M	332.1M	320.5M	188.7M
Other Assets	40.3M	13K	82K	94.6M	85.1M	73.6M
Long Term Debt	13.6M	12.3M	10.5M	1.2B	1.2B	1.3B
Good Will	264.1M	291.9M	347.3M	406.5M	413.6M	339.1M
Treasury Stock	(38.4M)	(99.9M)	(106.3M)	(263.6M)	(237.2M)	(225.4M)
Property Plant Equipment	499.3M	491.4M	695.8M	498.6M	573.4M	371.9M
Current Deferred Revenue	33.7M	42.5M	50.9M	52.2M	35.8B	37.5B
Other Liab	1.2B	2.4B	3.4B	2.0B	2.3B	2.4B
Short Term Investments	459.5M	334.5M	404.7M	1.4B	1.2B	1.3B
Net Tangible Assets	5.8B	9.9B	13.1B	9.2B	10.6B	11.1B
Retained Earnings Total Equity	5.5B	9.3B	13.5B	9.9B	11.4B	12.0B
Capital Surpluse	410.0M	429.4M	441.7M	447.5M	514.6M	366.5M
Deferred Long Term Liab	997.8M	2.1B	3.1B	1.8B	2.0B	2.1B

Bio Rad Investors Sentiment

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

Bio Rad'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 Bio Rad'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 Bio Rad's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Bio Rad.

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 Bio Rad 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, Bio Rad's short interest history, or implied volatility extrapolated from Bio Rad options trading.

Pair Trading with Bio Rad

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 Bio Rad 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 Bio Rad will appreciate offsetting losses from the drop in the long position's value.

Moving against Bio Stock

0.5	DOMH	Dominari Holdings Earnings Call Shortly	Pair Corr
0.47	YS	YS Biopharma	Pair Corr

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

The correlation of Bio Rad 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 Bio Rad moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bio Rad Laboratories 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 Bio Rad 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 Bio Rad Laboratories offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Bio Rad's 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 Bio Rad Laboratories Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Bio Rad Laboratories Stock:

How To Invest In Bio

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Is Bio Stock a good investment?

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What is Bio Rad's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bio Rad Laboratories. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Complementary Tools for Bio Stock analysis

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

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Is Bio Rad'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 Bio Rad. If investors know Bio 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 Bio Rad 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

(0.56)

Earnings Share

(21.83)

Revenue Per Share

91.453

Quarterly Revenue Growth

(0.07)

Return On Assets

0.0177

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

Operating Income vs Net Income

Operating Income vs Net Income Correlation Analysis

Correlation Coefficient

Operating Income

Net Income

Bio Rad fundamental ratios Correlations

Bio Rad Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Bio Rad fundamental ratios Accounts

Bio Rad Investors Sentiment

Pair Trading with Bio Rad

Moving against Bio Stock

Complementary Tools for Bio Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Total Stockholder Equity
Common Stock	+ 1.0	Common Stock Total Equity
Non Current Assets Total	+ 0.99	Total Assets

Non Currrent Assets Other	- 0.99	Non Current Assets Total
Non Currrent Assets Other	- 0.98	Total Stockholder Equity
Common Stock	- 0.97	Common Stock Shares Outstanding
Common Stock Total Equity	- 0.97	Common Stock Shares Outstanding
Non Currrent Assets Other	- 0.97	Retained Earnings
Non Currrent Assets Other	- 0.97	Total Assets