Clene Operating Income vs Gross Profit Analysis

CLNN Stock

USD 0.35 0.01 2.94%

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

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Clene Inc Operating Income account and Gross Profit. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Clene's Operating Income and Gross Profit is -0.45. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Clene Inc, assuming nothing else is changed. The correlation between historical values of Clene's Operating Income and Gross Profit 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 Clene Inc are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Operating Income i.e., Clene's Operating Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

-0.45

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Clene Inc 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 Clene Inc 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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Clene Inc minus its cost of goods sold. It is profit before Clene operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

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

Clene reported last year Tax Provision of (215,000). As of the 30th of April 2024, Selling General Administrative is likely to grow to about 13.4 M, while Enterprise Value Over EBITDA is likely to drop (0.93).

	2021	2022	2023	2024 (projected)
Total Operating Expenses	45.7M	45.8M	39.4M	36.0M
Cost Of Revenue	289K	26K	1.8M	1.9M

Total Operating Expenses Cost Of Revenue

Clene fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Stockholder Equity	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations
Other Current Liab		0.53	0.7	0.75	-0.71	0.34	0.56	0.86	-0.64	0.42	0.88	0.44	0.78	0.38	-0.24	-0.58	0.88	0.38	0.8	0.43	0.89	0.78	0.75	0.39	-0.6	0.43
Total Current Liabilities	0.53		-0.06	0.73	-0.9	0.46	0.88	0.51	-0.06	0.95	0.66	0.74	0.79	0.76	-0.69	0.22	0.41	0.76	0.77	0.51	0.57	0.33	0.79	0.8	-0.92	0.72
Other Liab	0.7	-0.06		0.16	-0.15	-0.13	-0.08	0.42	-0.84	-0.13	0.4	-0.07	0.24	-0.15	0.21	-0.67	0.56	-0.15	0.26	-0.01	0.49	0.58	0.2	-0.1	-0.02	-0.08
Net Tangible Assets	0.75	0.73	0.16		-0.93	0.72	0.93	0.89	-0.33	0.7	0.96	0.85	0.99	0.75	-0.75	-0.19	0.82	0.75	0.99	0.82	0.9	0.62	0.96	0.79	-0.9	0.85
Retained Earnings	-0.71	-0.9	-0.15	-0.93		-0.68	-0.96	-0.74	0.33	-0.89	-0.88	-0.9	-0.97	-0.86	0.81	-0.03	-0.66	-0.86	-0.96	-0.77	-0.79	-0.49	-0.97	-0.89	0.99	-0.89
Accounts Payable	0.34	0.46	-0.13	0.72	-0.68		0.73	0.4	-0.3	0.66	0.56	0.84	0.7	0.87	-0.79	0.31	0.32	0.87	0.72	0.96	0.41	-0.05	0.72	0.67	-0.72	0.88
Other Stockholder Equity	0.56	0.88	-0.08	0.93	-0.96	0.73		0.7	-0.15	0.88	0.83	0.92	0.94	0.86	-0.88	0.12	0.6	0.86	0.93	0.8	0.73	0.41	0.92	0.9	-0.98	0.91
Total Current Assets	0.86	0.51	0.42	0.89	-0.74	0.4	0.7		-0.38	0.37	0.96	0.54	0.87	0.39	-0.4	-0.62	0.98	0.39	0.87	0.54	0.99	0.89	0.8	0.51	-0.65	0.53
Common Stock	-0.64	-0.06	-0.84	-0.33	0.33	-0.3	-0.15	-0.38		-0.12	-0.47	-0.23	-0.41	-0.17	0.18	0.33	-0.48	-0.17	-0.42	-0.41	-0.47	-0.32	-0.34	-0.1	0.25	-0.26
Property Plant Equipment	0.42	0.95	-0.13	0.7	-0.89	0.66	0.88	0.37	-0.12		0.57	0.84	0.75	0.9	-0.81	0.44	0.26	0.9	0.74	0.67	0.43	0.09	0.79	0.85	-0.93	0.84
Total Assets	0.88	0.66	0.4	0.96	-0.88	0.56	0.83	0.96	-0.47	0.57		0.72	0.96	0.59	-0.58	-0.42	0.94	0.59	0.97	0.69	0.98	0.78	0.92	0.68	-0.81	0.71
Short Long Term Debt Total	0.44	0.74	-0.07	0.85	-0.9	0.84	0.92	0.54	-0.23	0.84	0.72		0.87	0.96	-0.94	0.29	0.46	0.96	0.86	0.9	0.57	0.22	0.9	0.96	-0.93	1.0
Total Stockholder Equity	0.78	0.79	0.24	0.99	-0.97	0.7	0.94	0.87	-0.41	0.75	0.96	0.87		0.78	-0.77	-0.16	0.81	0.78	1.0	0.81	0.9	0.61	0.97	0.83	-0.93	0.86
Property Plant And Equipment Net	0.38	0.76	-0.15	0.75	-0.86	0.87	0.86	0.39	-0.17	0.9	0.59	0.96	0.78		-0.89	0.44	0.29	1.0	0.78	0.86	0.43	0.03	0.85	0.91	-0.9	0.96
Current Deferred Revenue	-0.24	-0.69	0.21	-0.75	0.81	-0.79	-0.88	-0.4	0.18	-0.81	-0.58	-0.94	-0.77	-0.89		-0.43	-0.31	-0.89	-0.74	-0.88	-0.45	-0.08	-0.76	-0.91	0.87	-0.95
Net Debt	-0.58	0.22	-0.67	-0.19	-0.03	0.31	0.12	-0.62	0.33	0.44	-0.42	0.29	-0.16	0.44	-0.43		-0.7	0.44	-0.17	0.2	-0.58	-0.81	-0.08	0.29	-0.17	0.3
Cash	0.88	0.41	0.56	0.82	-0.66	0.32	0.6	0.98	-0.48	0.26	0.94	0.46	0.81	0.29	-0.31	-0.7		0.3	0.81	0.47	0.98	0.92	0.74	0.43	-0.56	0.45
Non Current Assets Total	0.38	0.76	-0.15	0.75	-0.86	0.87	0.86	0.39	-0.17	0.9	0.59	0.96	0.78	1.0	-0.89	0.44	0.3		0.78	0.86	0.43	0.04	0.85	0.91	-0.9	0.96
Non Currrent Assets Other	0.8	0.77	0.26	0.99	-0.96	0.72	0.93	0.87	-0.42	0.74	0.97	0.86	1.0	0.78	-0.74	-0.17	0.81	0.78		0.81	0.9	0.61	0.98	0.81	-0.92	0.86
Long Term Debt	0.43	0.51	-0.01	0.82	-0.77	0.96	0.8	0.54	-0.41	0.67	0.69	0.9	0.81	0.86	-0.88	0.2	0.47	0.86	0.81		0.56	0.13	0.79	0.75	-0.79	0.94
Cash And Short Term Investments	0.89	0.57	0.49	0.9	-0.79	0.41	0.73	0.99	-0.47	0.43	0.98	0.57	0.9	0.43	-0.45	-0.58	0.98	0.43	0.9	0.56		0.88	0.83	0.55	-0.7	0.57
Net Receivables	0.78	0.33	0.58	0.62	-0.49	-0.05	0.41	0.89	-0.32	0.09	0.78	0.22	0.61	0.03	-0.08	-0.81	0.92	0.04	0.61	0.13	0.88		0.56	0.29	-0.37	0.18
Common Stock Total Equity	0.75	0.79	0.2	0.96	-0.97	0.72	0.92	0.8	-0.34	0.79	0.92	0.9	0.97	0.85	-0.76	-0.08	0.74	0.85	0.98	0.79	0.83	0.56		0.88	-0.93	0.89
Common Stock Shares Outstanding	0.39	0.8	-0.1	0.79	-0.89	0.67	0.9	0.51	-0.1	0.85	0.68	0.96	0.83	0.91	-0.91	0.29	0.43	0.91	0.81	0.75	0.55	0.29	0.88		-0.91	0.93
Non Current Liabilities Total	-0.6	-0.92	-0.02	-0.9	0.99	-0.72	-0.98	-0.65	0.25	-0.93	-0.81	-0.93	-0.93	-0.9	0.87	-0.17	-0.56	-0.9	-0.92	-0.79	-0.7	-0.37	-0.93	-0.91		-0.92
Capital Lease Obligations	0.43	0.72	-0.08	0.85	-0.89	0.88	0.91	0.53	-0.26	0.84	0.71	1.0	0.86	0.96	-0.95	0.3	0.45	0.96	0.86	0.94	0.57	0.18	0.89	0.93	-0.92

Click cells to compare fundamentals

Clene Account Relationship Matchups

Clene fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	2.9M	10.0M	3.6M	3.9M	3.7M	4.4M
Total Current Liabilities	4.3M	11.7M	6.0M	13.9M	25.3M	26.6M
Net Tangible Assets	(67.8M)	341K	12.6M	3.2M	3.7M	3.9M
Retained Earnings	(69.6M)	(153.6M)	(163.3M)	(193.2M)	(242.7M)	(230.6M)
Accounts Payable	889K	1.1M	1.9M	3.0M	1.5M	1.8M
Other Stockholder Equity	(70.9M)	85.3M	175.7M	196.2M	255.9M	268.7M
Total Current Assets	9.5M	63.0M	54.6M	29.2M	38.9M	38.9M
Property Plant Equipment	5.4M	5.3M	5.2M	15.2M	17.5M	18.4M

When determining whether Clene Inc is a strong investment it is important to analyze Clene's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Clene's future performance. For an informed investment choice regarding Clene Stock, refer to the following important reports:

How To Invest In Clene

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Is Clene Stock a good investment?

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What is Clene's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clene Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

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

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Is Clene'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 Clene. If investors know Clene 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 Clene 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

0.614

Earnings Share

(0.47)

Revenue Per Share

0.006

Quarterly Revenue Growth

(0.27)

Return On Assets

(0.52)

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

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

Correlation Coefficient

Operating Income

Gross Profit

Clene fundamental ratios Correlations

Clene Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Clene fundamental ratios Accounts

Complementary Tools for Clene Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Capital Lease Obligations	+ 1.0	Short Long Term Debt Total
Non Currrent Assets Other	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.99	Net Tangible Assets
Non Currrent Assets Other	+ 0.99	Net Tangible Assets
Non Current Liabilities Total	+ 0.99	Retained Earnings

Non Current Liabilities Total	- 0.98	Other Stockholder Equity
Common Stock Total Equity	- 0.97	Retained Earnings
Total Stockholder Equity	- 0.97	Retained Earnings
Non Currrent Assets Other	- 0.96	Retained Earnings
Other Stockholder Equity	- 0.96	Retained Earnings
Capital Lease Obligations	- 0.95	Current Deferred Revenue