Bentley Operating Income vs Income Before Tax Analysis
BSY Stock | USD 55.49 0.65 1.19% |
Bentley SystemsInc financial indicator trend analysis is way more than just evaluating Bentley SystemsInc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bentley SystemsInc is a good investment. Please check the relationship between Bentley SystemsInc 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 Bentley SystemsInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Bentley Stock please use our How to Invest in Bentley SystemsInc guide.
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 Bentley SystemsInc Operating Income account and Income Before Tax. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Bentley SystemsInc's Operating Income and Income Before Tax is 0.95. 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 Bentley SystemsInc, assuming nothing else is changed. The correlation between historical values of Bentley SystemsInc'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 Bentley SystemsInc 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., Bentley SystemsInc's Operating Income and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Operating Income
Operating Income is the amount of profit realized from Bentley SystemsInc 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 Bentley SystemsInc 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 Bentley SystemsInc income statement and is an important metric when analyzing Bentley SystemsInc 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 Bentley SystemsInc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bentley SystemsInc 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 Bentley SystemsInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Bentley Stock please use our How to Invest in Bentley SystemsInc guide.Tax Provision is likely to rise to about 36.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 164.8 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 64.0M | 95.8M | 85.4M | 67.7M | Interest Income | 306K | 421K | 2.3M | 2.5M |
Bentley SystemsInc fundamental ratios Correlations
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Bentley SystemsInc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bentley SystemsInc fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Other Current Liab | 60.7M | 230.2M | 330.3M | 366.6M | 466.8M | 490.2M | |
Total Current Liabilities | 392.4M | 465.6M | 593.9M | 628.4M | 760.4M | 476.7M | |
Other Liab | 33.8M | 41.0M | 189.9M | 159.8M | 183.8M | 193.0M | |
Net Tangible Assets | (191.8M) | (285.2M) | (1.4B) | (2.0B) | (1.8B) | (1.7B) | |
Retained Earnings | (52.7M) | (376.0M) | (439.6M) | (370.9M) | (161.9M) | (170.0M) | |
Accounts Payable | 17.7M | 16.5M | 16.5M | 15.2M | 18.1M | 14.7M | |
Other Assets | 83.3M | 130.6M | 120.0M | 87.7M | 1.0 | 0.95 | |
Net Receivables | 204.5M | 190.0M | 235.3M | 287.1M | 293.5M | 209.4M | |
Other Current Assets | 23.4M | 24.7M | 34.3M | 38.7M | 57.6M | 60.5M | |
Other Stockholder Equity | 408.7M | 741.1M | 937.8M | 1.0B | 1.1B | 634.2M | |
Total Current Assets | 353.6M | 340.3M | 615.8M | 415.9M | 419.6M | 357.4M | |
Common Stock | 2.5M | 2.7M | 2.8M | 2.9M | 3.0M | 2.3M | |
Property Plant Equipment | 29.6M | 74.5M | 82.6M | 72.5M | 83.4M | 51.7M | |
Total Assets | 994.6M | 1.1B | 2.7B | 3.2B | 3.3B | 2.2B | |
Short Long Term Debt Total | 233.8M | 294.4M | 1.5B | 1.8B | 1.6B | 1.0B | |
Total Stockholder Equity | 334.6M | 341.6M | 409.2M | 572.8M | 884.0M | 493.1M | |
Property Plant And Equipment Net | 29.6M | 74.5M | 82.6M | 72.5M | 78.6M | 67.3M | |
Current Deferred Revenue | 205.0M | 202.3M | 224.6M | 227.0M | 253.8M | 186.7M | |
Net Debt | 112.6M | 172.4M | 1.2B | 1.8B | 1.5B | 893.9M | |
Cash | 121.1M | 122.0M | 329.3M | 71.7M | 68.4M | 105.8M | |
Non Current Assets Total | 641.0M | 785.8M | 2.0B | 2.7B | 2.9B | 1.8B | |
Non Currrent Assets Other | 32.2M | 39.5M | 48.6M | 72.2M | 67.3M | 53.1M | |
Long Term Debt | 233.8M | 246M | 1.4B | 1.8B | 1.5B | 1.0B | |
Cash And Short Term Investments | 121.1M | 122.0M | 329.3M | 71.7M | 68.4M | 105.8M | |
Good Will | 480.1M | 581.2M | 1.6B | 2.2B | 2.3B | 1.4B | |
Liabilities And Stockholders Equity | 994.6M | 1.1B | 2.7B | 3.2B | 3.3B | 2.2B | |
Non Current Liabilities Total | 267.6M | 318.9M | 1.7B | 2.0B | 1.7B | 1.1B | |
Inventory | 4.5M | 3.5M | 16.9M | 18.4M | 1.0 | 0.95 | |
Total Liab | 660.0M | 784.4M | 2.3B | 2.6B | 2.4B | 1.7B | |
Net Invested Capital | 568.4M | 587.6M | 1.8B | 2.4B | 2.4B | 1.5B | |
Long Term Investments | 1.7M | 5.7M | 6.4M | 22.3M | 23.5M | 24.7M | |
Property Plant And Equipment Gross | 29.6M | 74.5M | 82.6M | 72.5M | 130.4M | 76.8M | |
Accumulated Other Comprehensive Income | (23.9M) | (26.2M) | (91.8M) | (89.7M) | (85.0M) | (89.2M) | |
Capital Stock | 2.5M | 2.7M | 2.8M | 2.9M | 3.0M | 3.0M | |
Non Current Liabilities Other | 9.3M | 15.4M | 14.3M | 7.4M | 5.4M | 8.0M | |
Net Working Capital | (38.9M) | (125.3M) | 22.0M | (212.5M) | (340.8M) | (323.8M) | |
Short Term Debt | 109.1M | 16.6M | 22.5M | 19.7M | 21.6M | 26.1M | |
Intangible Assets | 46.3M | 45.6M | 245.8M | 292.3M | 248.8M | 171.0M |
Bentley SystemsInc Investors Sentiment
The influence of Bentley SystemsInc'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 Bentley. 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 Bentley SystemsInc's public news can be used to forecast risks associated with an investment in Bentley. The trend in average sentiment can be used to explain how an investor holding Bentley can time the market purely based on public headlines and social activities around Bentley SystemsInc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Bentley SystemsInc'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 Bentley SystemsInc'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 Bentley SystemsInc's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Bentley SystemsInc.
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 Bentley SystemsInc 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, Bentley SystemsInc's short interest history, or implied volatility extrapolated from Bentley SystemsInc options trading.
Pair Trading with Bentley SystemsInc
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 Bentley SystemsInc 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 Bentley SystemsInc will appreciate offsetting losses from the drop in the long position's value.Moving against Bentley Stock
0.54 | BL | Blackline | PairCorr |
0.54 | PD | Pagerduty Financial Report 6th of June 2024 | PairCorr |
0.54 | VS | Versus Systems Financial Report 20th of May 2024 | PairCorr |
0.42 | DOMO | Domo Inc Financial Report 23rd of May 2024 | PairCorr |
The ability to find closely correlated positions to Bentley SystemsInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bentley SystemsInc 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 Bentley SystemsInc - 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 Bentley SystemsInc to buy it.
The correlation of Bentley SystemsInc 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 Bentley SystemsInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bentley SystemsInc 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 Bentley SystemsInc 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 Bentley SystemsInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Bentley Stock please use our How to Invest in Bentley SystemsInc guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for Bentley Stock analysis
When running Bentley SystemsInc's price analysis, check to measure Bentley SystemsInc'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 Bentley SystemsInc is operating at the current time. Most of Bentley SystemsInc's value examination focuses on studying past and present price action to predict the probability of Bentley SystemsInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bentley SystemsInc's price. Additionally, you may evaluate how the addition of Bentley SystemsInc to your portfolios can decrease your overall portfolio volatility.
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Is Bentley SystemsInc'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 Bentley SystemsInc. If investors know Bentley 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 Bentley SystemsInc 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 0.515 | Dividend Share 0.21 | Earnings Share 1.08 | Revenue Per Share 3.996 | Quarterly Revenue Growth 0.074 |
The market value of Bentley SystemsInc is measured differently than its book value, which is the value of Bentley that is recorded on the company's balance sheet. Investors also form their own opinion of Bentley SystemsInc's value that differs from its market value or its book value, called intrinsic value, which is Bentley SystemsInc'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 Bentley SystemsInc's market value can be influenced by many factors that don't directly affect Bentley SystemsInc'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 Bentley SystemsInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bentley SystemsInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bentley SystemsInc'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.