CECO Cost Of Revenue vs Net Income Analysis
CECO Stock | USD 24.51 0.30 1.21% |
CECO Environmental financial indicator trend analysis is way more than just evaluating CECO Environmental Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CECO Environmental Corp is a good investment. Please check the relationship between CECO Environmental Cost Of Revenue and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CECO Environmental 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 main economic indicators.
Cost Of Revenue vs Net Income
Cost Of Revenue vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CECO Environmental Corp Cost Of Revenue account and Net Income. At this time, the significance of the direction appears to have no relationship.
The correlation between CECO Environmental's Cost Of Revenue and Net Income is 0.0. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Net Income in the same time period over historical financial statements of CECO Environmental Corp, assuming nothing else is changed. The correlation between historical values of CECO Environmental's Cost Of Revenue 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 Cost Of Revenue of CECO Environmental Corp 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 Cost Of Revenue i.e., CECO Environmental's Cost Of Revenue and Net Income go up and down completely randomly.
Correlation Coefficient | 0.0 |
Relationship Direction | Flat |
Relationship Strength | Insignificant |
Cost Of Revenue
Cost of Revenue is found on CECO Environmental Corp income statement and represents the costs associated with goods and services CECO Environmental provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in CECO Environmental Corp financial statement analysis. It represents the amount of money remaining after all of CECO Environmental Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from CECO Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CECO Environmental 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 CECO Environmental 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 main economic indicators. At this time, CECO Environmental's Selling General Administrative is very stable compared to the past year. As of the 21st of May 2024, Enterprise Value Over EBITDA is likely to grow to 23.73, while Tax Provision is likely to drop about 4.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.0M | 5.4M | 13.4M | 14.1M | Depreciation And Amortization | 7.0M | 10.6M | 12.5M | 13.1M |
CECO Environmental fundamental ratios Correlations
Click cells to compare fundamentals
CECO Environmental Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CECO Environmental fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 408.6M | 419.3M | 416.2M | 504.7M | 613.1M | 643.8M | |
Short Long Term Debt Total | 76.6M | 81.9M | 72.5M | 119.7M | 155.5M | 163.3M | |
Other Current Liab | 21.3M | 543K | 1.5M | 3.2M | 33.4M | 35.0M | |
Total Current Liabilities | 115.2M | 109.4M | 116.7M | 146.7M | 203.1M | 213.3M | |
Total Stockholder Equity | 193.0M | 202.7M | 204.6M | 213.2M | 232.6M | 244.3M | |
Property Plant And Equipment Net | 28.9M | 27.6M | 26.8M | 32.2M | 42.5M | 44.6M | |
Net Debt | 41.0M | 45.9M | 42.6M | 74.1M | 100.0M | 105.0M | |
Retained Earnings | (46.3M) | (38.1M) | (36.7M) | (19.3M) | (6.4M) | (6.7M) | |
Cash | 43.7M | 35.6M | 36.0M | 45.5M | 55.4M | 58.2M | |
Non Current Assets Total | 229.1M | 235.8M | 227.2M | 264.1M | 331.7M | 348.3M | |
Non Currrent Assets Other | 2.7M | 3.8M | 3.2M | 3.1M | 4.7M | 4.9M | |
Cash And Short Term Investments | 43.7M | 35.6M | 36.0M | 45.5M | 55.4M | 58.2M | |
Net Receivables | 103.2M | 108.5M | 126.4M | 154.1M | 179.3M | 188.3M | |
Common Stock Shares Outstanding | 35.5M | 35.5M | 35.6M | 35.0M | 35.3M | 18.5M | |
Liabilities And Stockholders Equity | 408.6M | 419.3M | 416.2M | 504.7M | 613.1M | 643.8M | |
Non Current Liabilities Total | 100.4M | 106.3M | 93.6M | 139.9M | 172.5M | 181.1M | |
Inventory | 20.6M | 17.3M | 17.1M | 26.5M | 34.1M | 35.8M | |
Other Stockholder Equity | 253.5M | 254.9M | 253.0M | 250.2M | 255.0M | 267.7M | |
Total Liab | 215.6M | 215.7M | 210.2M | 286.6M | 375.6M | 394.4M | |
Total Current Assets | 179.5M | 183.5M | 189.0M | 240.7M | 281.4M | 295.5M | |
Short Term Debt | 2.5M | 3.1M | 2.2M | 3.6M | 17.3M | 18.1M | |
Intangible Assets | 45.6M | 42.6M | 35.5M | 44.8M | 60.0M | 63.0M | |
Other Assets | 2.7M | 3.8M | 3.7M | 3.9M | 4.5M | 3.0M | |
Accounts Payable | 78.3M | 85.0M | 84.1M | 107.2M | 87.7M | 92.1M | |
Other Current Assets | 10.1M | 9.9M | 11.5M | 12.2M | 12.6M | 6.8M | |
Common Stock | 353K | 355K | 350K | 344K | 348K | 214.8K | |
Current Deferred Revenue | 34.4M | 20.7M | 28.9M | 32.7M | 64.8M | 35.4M | |
Accumulated Other Comprehensive Income | (14.5M) | (14.5M) | (12.1M) | (18.0M) | (16.3M) | (15.5M) | |
Good Will | 152.0M | 161.8M | 161.2M | 183.2M | 211.3M | 122.0M | |
Other Liab | 19.0M | 20.8M | 17.0M | 18.3M | 16.4M | 17.7M | |
Net Tangible Assets | (4.6M) | (1.7M) | 7.9M | (14.7M) | (16.9M) | (17.8M) | |
Long Term Debt | 63.0M | 69.5M | 61.6M | 107.6M | 126.8M | 92.2M | |
Deferred Long Term Liab | 1.8M | 3.8M | 3.2M | 8.7M | 10.0M | 10.5M | |
Net Invested Capital | 258.5M | 275.3M | 268.3M | 324.4M | 372.4M | 321.5M | |
Short Long Term Debt | 2.5M | 3.1M | 2.2M | 3.6M | 13.0M | 13.6M | |
Capital Stock | 353K | 355K | 350K | 344K | 348K | 279.9K | |
Non Current Liabilities Other | 20.4M | 20.6M | 14.8M | 23.6M | 12.6M | 15.9M | |
Net Working Capital | 64.3M | 74.1M | 72.3M | 94.0M | 78.3M | 80.7M | |
Property Plant Equipment | 28.9M | 27.6M | 26.8M | 20.8M | 18.7M | 20.2M |
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Is CECO Environmental'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 CECO Environmental. If investors know CECO 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 CECO Environmental 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 (0.30) | Earnings Share 0.35 | Revenue Per Share 16.068 | Quarterly Revenue Growth 0.122 | Return On Assets 0.0457 |
The market value of CECO Environmental Corp is measured differently than its book value, which is the value of CECO that is recorded on the company's balance sheet. Investors also form their own opinion of CECO Environmental's value that differs from its market value or its book value, called intrinsic value, which is CECO Environmental'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 CECO Environmental's market value can be influenced by many factors that don't directly affect CECO Environmental'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 CECO Environmental's value and its price as these two are different measures arrived at by different means. Investors typically determine if CECO Environmental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CECO Environmental'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.