Eastside Gross Profit vs Cost of Revenue Analysis

EAST Stock

USD 0.92 0.04 4.17%

Eastside Distilling financial indicator trend analysis is much more than just examining Eastside Distilling latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eastside Distilling is a good investment. Please check the relationship between Eastside Distilling Gross Profit and its Cost Of Revenue accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastside Distilling. 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 Eastside Stock please use our How to Invest in Eastside Distilling guide.

Gross Profit vs Cost Of Revenue

Gross Profit vs Cost of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eastside Distilling Gross Profit account and Cost of Revenue. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Eastside Distilling's Gross Profit and Cost of Revenue is 0.5. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Cost of Revenue in the same time period over historical financial statements of Eastside Distilling, assuming nothing else is changed. The correlation between historical values of Eastside Distilling's Gross Profit and Cost of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Eastside Distilling are associated (or correlated) with its Cost of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost of Revenue has no effect on the direction of Gross Profit i.e., Eastside Distilling's Gross Profit and Cost of Revenue go up and down completely randomly.

Correlation Coefficient

0.5

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Eastside Distilling minus its cost of goods sold. It is profit before Eastside Distilling 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.

Cost Of Revenue

Cost of Revenue is found on Eastside Distilling income statement and represents the costs associated with goods and services Eastside Distilling 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.

Most indicators from Eastside Distilling's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eastside Distilling 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastside Distilling. 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 Eastside Stock please use our How to Invest in Eastside Distilling guide.At this time, Eastside Distilling's Selling General Administrative is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 4.7 M in 2024, whereas Enterprise Value Multiple is likely to drop (4.08) in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	9.4M	9.0M	4.9M	7.0M
Cost Of Revenue	9.5M	11.4M	10.8M	11.3M

Total Operating Expenses Cost Of Revenue

Eastside Distilling fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Net Tangible Assets	Other Assets	Long Term Debt
Total Assets		0.82	0.44	0.66	0.56	0.24	0.63	-0.72	0.85	0.39	0.39	0.95	-0.46	0.62	0.65	0.78	0.91	0.87	0.73	-0.43	0.91	0.72	0.76	-0.19	0.82	0.67
Short Long Term Debt Total	0.82		0.38	0.68	0.22	0.44	0.89	-0.88	0.67	0.11	0.11	0.78	-0.42	0.78	0.65	0.87	0.86	0.53	0.84	-0.28	0.89	0.6	0.66	-0.27	0.62	0.76
Other Current Liab	0.44	0.38		0.92	-0.19	0.07	0.36	-0.29	0.3	-0.06	-0.06	0.18	-0.16	0.17	0.13	0.23	0.63	0.29	0.72	-0.17	0.48	0.25	-0.04	-0.63	0.79	-0.05
Total Current Liabilities	0.66	0.68	0.92		-0.08	0.21	0.64	-0.57	0.49	-0.03	-0.03	0.46	-0.26	0.44	0.36	0.52	0.83	0.43	0.91	-0.22	0.72	0.43	0.24	-0.61	0.86	0.26
Total Stockholder Equity	0.56	0.22	-0.19	-0.08		-0.15	-0.14	-0.12	0.4	0.87	0.87	0.68	-0.3	0.09	0.6	0.28	0.16	0.82	0.1	-0.36	0.22	0.09	0.32	0.59	0.14	0.32
Current Deferred Revenue	0.24	0.44	0.07	0.21	-0.15		0.63	-0.77	0.32	-0.15	-0.15	0.19	-0.17	0.87	0.14	0.74	0.32	0.06	0.12	-0.06	0.37	0.29	0.48	-0.13	0.26	0.77
Net Debt	0.63	0.89	0.36	0.64	-0.14	0.63		-0.9	0.52	-0.28	-0.28	0.57	-0.31	0.85	0.48	0.84	0.8	0.22	0.71	-0.17	0.85	0.65	0.67	-0.51	0.56	0.76
Retained Earnings	-0.72	-0.88	-0.29	-0.57	-0.12	-0.77	-0.9		-0.71	-0.05	-0.05	-0.68	0.41	-0.98	-0.47	-0.98	-0.78	-0.47	-0.62	0.27	-0.8	-0.59	-0.76	0.21	-0.59	-0.92
Accounts Payable	0.85	0.67	0.3	0.49	0.4	0.32	0.52	-0.71		0.31	0.31	0.79	-0.34	0.63	0.31	0.74	0.81	0.74	0.49	-0.26	0.76	0.71	0.79	-0.12	0.72	0.67
Cash	0.39	0.11	-0.06	-0.03	0.87	-0.15	-0.28	-0.05	0.31		1.0	0.46	-0.24	0.02	0.37	0.2	0.02	0.77	0.11	-0.28	-0.02	-0.23	0.04	0.74	0.08	0.18
Cash And Short Term Investments	0.39	0.11	-0.06	-0.03	0.87	-0.15	-0.28	-0.05	0.31	1.0		0.46	-0.24	0.02	0.37	0.2	0.02	0.77	0.11	-0.28	-0.02	-0.23	0.04	0.74	0.08	0.18
Net Receivables	0.95	0.78	0.18	0.46	0.68	0.19	0.57	-0.68	0.79	0.46	0.46		-0.42	0.59	0.72	0.76	0.78	0.85	0.62	-0.38	0.83	0.67	0.79	0.0	0.62	0.71
Common Stock Total Equity	-0.46	-0.42	-0.16	-0.26	-0.3	-0.17	-0.31	0.41	-0.34	-0.24	-0.24	-0.42		-0.38	-0.28	-0.44	-0.4	-0.43	-0.31	0.97	-0.4	-0.19	-0.37	-0.03	-0.29	-0.41
Common Stock Shares Outstanding	0.62	0.78	0.17	0.44	0.09	0.87	0.85	-0.98	0.63	0.02	0.02	0.59	-0.38		0.41	0.97	0.66	0.4	0.47	-0.24	0.71	0.53	0.75	-0.15	0.49	0.95
Other Current Assets	0.65	0.65	0.13	0.36	0.6	0.14	0.48	-0.47	0.31	0.37	0.37	0.72	-0.28	0.41		0.55	0.46	0.57	0.57	-0.29	0.58	0.26	0.36	0.02	0.27	0.49
Other Stockholder Equity	0.78	0.87	0.23	0.52	0.28	0.74	0.84	-0.98	0.74	0.2	0.2	0.76	-0.44	0.97	0.55		0.76	0.59	0.6	-0.32	0.8	0.57	0.79	-0.09	0.58	0.95
Total Liab	0.91	0.86	0.63	0.83	0.16	0.32	0.8	-0.78	0.81	0.02	0.02	0.78	-0.4	0.66	0.46	0.76		0.61	0.83	-0.32	0.97	0.8	0.72	-0.52	0.91	0.6
Total Current Assets	0.87	0.53	0.29	0.43	0.82	0.06	0.22	-0.47	0.74	0.77	0.77	0.85	-0.43	0.4	0.57	0.59	0.61		0.5	-0.45	0.58	0.37	0.53	0.24	0.62	0.5
Short Term Debt	0.73	0.84	0.72	0.91	0.1	0.12	0.71	-0.62	0.49	0.11	0.11	0.62	-0.31	0.47	0.57	0.6	0.83	0.5		-0.23	0.77	0.4	0.31	-0.42	0.72	0.37
Common Stock	-0.43	-0.28	-0.17	-0.22	-0.36	-0.06	-0.17	0.27	-0.26	-0.28	-0.28	-0.38	0.97	-0.24	-0.29	-0.32	-0.32	-0.45	-0.23		-0.32	-0.13	-0.3	-0.03	-0.27	-0.28
Non Current Assets Total	0.91	0.89	0.48	0.72	0.22	0.37	0.85	-0.8	0.76	-0.02	-0.02	0.83	-0.4	0.71	0.58	0.8	0.97	0.58	0.77	-0.32		0.86	0.8	-0.5	0.82	0.69
Non Currrent Assets Other	0.72	0.6	0.25	0.43	0.09	0.29	0.65	-0.59	0.71	-0.23	-0.23	0.67	-0.19	0.53	0.26	0.57	0.8	0.37	0.4	-0.13	0.86		0.86	-0.55	0.71	0.55
Non Current Liabilities Total	0.76	0.66	-0.04	0.24	0.32	0.48	0.67	-0.76	0.79	0.04	0.04	0.79	-0.37	0.75	0.36	0.79	0.72	0.53	0.31	-0.3	0.8	0.86		-0.17	0.54	0.84
Net Tangible Assets	-0.19	-0.27	-0.63	-0.61	0.59	-0.13	-0.51	0.21	-0.12	0.74	0.74	0.0	-0.03	-0.15	0.02	-0.09	-0.52	0.24	-0.42	-0.03	-0.5	-0.55	-0.17		-0.55	0.05
Other Assets	0.82	0.62	0.79	0.86	0.14	0.26	0.56	-0.59	0.72	0.08	0.08	0.62	-0.29	0.49	0.27	0.58	0.91	0.62	0.72	-0.27	0.82	0.71	0.54	-0.55		0.39
Long Term Debt	0.67	0.76	-0.05	0.26	0.32	0.77	0.76	-0.92	0.67	0.18	0.18	0.71	-0.41	0.95	0.49	0.95	0.6	0.5	0.37	-0.28	0.69	0.55	0.84	0.05	0.39

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Eastside Distilling Account Relationship Matchups

Eastside Distilling fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	35.9M	31.7M	33.6M	21.5M	17.5M	15.3M
Short Long Term Debt Total	9.2M	13.3M	18.1M	19.0M	13.9M	7.0M
Other Current Liab	896.1K	17.6M	833K	2.2M	575K	546.3K
Total Current Liabilities	6.1M	30.3M	9.5M	13.0M	4.2M	6.0M
Total Stockholder Equity	7.3M	(1.1M)	13.4M	(1.5M)	853K	810.4K
Current Deferred Revenue	1.7K	1.7K	23K	18K	88K	92.4K
Net Debt	8.9M	12.4M	14.8M	18.3M	13.5M	14.2M
Retained Earnings	(44.2M)	(54.1M)	(58.6M)	(75.0M)	(82.7M)	(78.6M)
Accounts Payable	2.9M	1.9M	1.3M	1.7M	2.1M	1.3M
Cash	343.3K	836K	3.3M	723K	403K	382.9K
Cash And Short Term Investments	343.3K	836K	3.3M	723K	403K	382.9K
Net Receivables	1.3M	694K	1.4M	876K	559K	633.1K
Common Stock Total Equity	489.0	876.0	967.0	1K	900.0	1.5K
Common Stock Shares Outstanding	463.8K	501.3K	635.4K	766.9K	1.1M	1.1M
Liabilities And Stockholders Equity	35.9M	31.7M	33.6M	21.5M	17.5M	15.3M
Other Current Assets	407.5K	750K	2.9M	579K	363K	691.6K
Other Stockholder Equity	51.6M	53.0M	72.0M	73.5M	83.6M	87.7M
Total Liab	28.5M	32.8M	20.2M	23.0M	16.6M	11.6M
Total Current Assets	14.5M	12.8M	14.1M	6.6M	4.5M	7.5M
Common Stock	876.0	967.0	1K	2K	1.8K	1.5K
Non Current Assets Total	21.4M	18.9M	19.5M	14.9M	12.9M	9.2M
Non Currrent Assets Other	1.2M	474K	457K	369K	516K	328.2K
Non Current Liabilities Total	22.4M	2.6M	10.7M	10.0M	12.4M	13.0M
Net Tangible Assets	18.4M	(7.4M)	(15.1M)	(225K)	(202.5K)	(192.4K)
Other Assets	496.3K	1.2M	1.7M	457K	525.6K	509.6K
Long Term Debt	6.6M	1.7M	8.2M	7.8M	10.6M	11.1M
Capital Surpluse	23.2M	45.9M	51.6M	53.0M	60.9M	64.0M
Inventory	12.4M	6.7M	6.5M	4.4M	3.2M	5.0M
Deferred Long Term Liab	467.0K	672.9K	228K	171K	196.7K	223.0K
Intangible Assets	14.7M	14.0M	13.8M	5.9M	5.1M	5.5M
Property Plant Equipment	1.8M	5.5M	4.4M	5.4M	6.2M	6.5M
Property Plant And Equipment Net	5.5M	4.4M	5.4M	8.7M	7.4M	3.8M
Long Term Debt Total	2.2M	5.2M	6.6M	1.7M	1.9M	2.5M
Property Plant And Equipment Gross	5.5M	3.1M	5.4M	8.7M	12.0M	12.6M

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 Eastside Distilling 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, Eastside Distilling's short interest history, or implied volatility extrapolated from Eastside Distilling options trading.

Pair Trading with Eastside Distilling

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 Eastside Distilling 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 Eastside Distilling will appreciate offsetting losses from the drop in the long position's value.

Moving against Eastside Stock

0.61	VDKB	Vodka Brands Corp	Pair Corr
0.54	LVMUY	LVMH Moet Hennessy	Pair Corr
0.51	BG	Bunge Limited Financial Report 1st of May 2024	Pair Corr
0.49	K	Kellanova Earnings Call This Week	Pair Corr

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

The correlation of Eastside Distilling 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 Eastside Distilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastside Distilling 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 Eastside Distilling 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 Eastside Distilling 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 Eastside 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 Eastside Distilling Stock. Highlighted below are key reports to facilitate an investment decision about Eastside Distilling Stock:

How To Invest In Eastside

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Is Eastside Stock a good investment?

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What is Eastside Distilling's Net Worth?

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastside Distilling. 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 Eastside Stock please use our How to Invest in Eastside Distilling guide.

You can also try the Stocks Directory module to find actively traded stocks across global markets.

Complementary Tools for Eastside Stock analysis

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

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Is Eastside Distilling'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 Eastside Distilling. If investors know Eastside 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 Eastside Distilling listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(7.04)

Revenue Per Share

9.623

Quarterly Revenue Growth

(0.13)

Return On Assets

(0.17)

Return On Equity

(2.60)

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

Gross Profit vs Cost Of Revenue

Gross Profit vs Cost of Revenue Correlation Analysis

Correlation Coefficient

Gross Profit

Cost Of Revenue

Eastside Distilling fundamental ratios Correlations

Eastside Distilling Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Eastside Distilling fundamental ratios Accounts

Pair Trading with Eastside Distilling

Moving against Eastside Stock

Complementary Tools for Eastside Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 0.97	Common Stock Total Equity
Other Stockholder Equity	+ 0.97	Common Stock Shares Outstanding
Non Current Assets Total	+ 0.97	Total Liab
Net Receivables	+ 0.95	Total Assets
Long Term Debt	+ 0.95	Common Stock Shares Outstanding

Other Stockholder Equity	- 0.98	Retained Earnings
Common Stock Shares Outstanding	- 0.98	Retained Earnings
Long Term Debt	- 0.92	Retained Earnings
Retained Earnings	- 0.9	Net Debt
Retained Earnings	- 0.88	Short Long Term Debt Total
Non Current Assets Total	- 0.8	Retained Earnings