EuroDry Net Income vs Operating Income Analysis
EDRY Stock | USD 20.23 0.01 0.05% |
EuroDry financial indicator trend analysis is much more than just examining EuroDry latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EuroDry is a good investment. Please check the relationship between EuroDry Net Income and its Operating Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EuroDry. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy EuroDry Stock please use our How to Invest in EuroDry guide.
Net Income vs Operating Income
Net Income vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EuroDry Net Income account and Operating Income. At this time, the significance of the direction appears to have totally related.
The correlation between EuroDry's Net Income and Operating Income is 0.99. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Operating Income in the same time period over historical financial statements of EuroDry, assuming nothing else is changed. The correlation between historical values of EuroDry's Net Income and Operating 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 Net Income of EuroDry are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Net Income i.e., EuroDry's Net Income and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in EuroDry financial statement analysis. It represents the amount of money remaining after all of EuroDry operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Operating Income
Operating Income is the amount of profit realized from EuroDry 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 EuroDry 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.Most indicators from EuroDry's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EuroDry 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 EuroDry. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy EuroDry Stock please use our How to Invest in EuroDry guide.At this time, EuroDry's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.21 in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2.3M | 3.9M | 6.5M | 3.4M | Depreciation And Amortization | 7.7M | 7.9M | 11.2M | 7.4M |
EuroDry fundamental ratios Correlations
Click cells to compare fundamentals
EuroDry Account Relationship Matchups
High Positive Relationship
High Negative Relationship
EuroDry fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 117.7M | 107.5M | 161.3M | 199.5M | 231.1M | 155.2M | |
Short Long Term Debt Total | 56.5M | 51.1M | 78.7M | 81.2M | 103.9M | 69.1M | |
Other Current Liab | 2.9M | 4.1M | 1.4M | 1.0M | 4.2M | 2.2M | |
Total Current Liabilities | 11.2M | 19.3M | 17.7M | 27.2M | 25.5M | 17.3M | |
Total Stockholder Equity | 56.5M | 50.5M | 78.9M | 113.9M | 109.7M | 73.7M | |
Net Tangible Assets | 41.8M | 34.6M | 78.9M | 113.9M | 131.0M | 137.6M | |
Property Plant And Equipment Net | 105.5M | 99.3M | 128.5M | 149.0M | 203.5M | 129.6M | |
Current Deferred Revenue | 445.8K | 246.1K | 1.5M | 351.6K | 346.8K | 477.3K | |
Net Debt | 51.1M | 50.2M | 51.8M | 47.2M | 93.1M | 57.5M | |
Retained Earnings | (11.0M) | (18.5M) | 10.9M | 44.5M | 41.6M | 43.6M | |
Accounts Payable | 1.0M | 1.1M | 855.8K | 3.0M | 3.1M | 3.3M | |
Cash | 5.4M | 938.3K | 26.8M | 34.0M | 10.8M | 11.6M | |
Non Current Assets Total | 108.1M | 101.5M | 130.9M | 151.6M | 206.8M | 135.6M | |
Non Currrent Assets Other | 2.7M | 2.2M | 2.4M | 2.6M | 2.3M | 4.5M | |
Other Assets | 2.7M | 2.2M | 2.4M | 1.9M | 1.7M | 1.6M | |
Long Term Debt | 49.7M | 37.3M | 64.7M | 58.4M | 67.1M | 51.1M | |
Cash And Short Term Investments | 5.4M | 938.3K | 26.8M | 34.0M | 10.8M | 11.6M | |
Net Receivables | 2.3M | 2.0M | 2.0M | 9.9M | 8.9M | 5.5M | |
Common Stock Total Equity | 42.5M | 22.8K | 23.0K | 23.5K | 21.1K | 20.1K | |
Common Stock Shares Outstanding | 2.3M | 2.3M | 2.5M | 2.9M | 2.8M | 2.7M | |
Liabilities And Stockholders Equity | 117.7M | 107.5M | 161.3M | 199.5M | 231.1M | 155.2M | |
Non Current Liabilities Total | 50.0M | 37.7M | 64.7M | 58.4M | 86.1M | 62.9M | |
Inventory | 508.7K | 1.4M | 770.3K | 1.1M | 4.1M | 4.3M | |
Other Current Assets | 1.4M | 1.7M | 774.3K | 2.9M | 440.0K | 418.0K | |
Other Stockholder Equity | 52.8M | 53.0M | 68.0M | 69.4M | 68.1M | 58.8M | |
Total Liab | 61.2M | 57.0M | 82.4M | 85.6M | 111.6M | 80.2M | |
Property Plant And Equipment Gross | 105.5M | 99.3M | 128.5M | 149.0M | 171.4M | 116.2M | |
Short Long Term Debt | 6.8M | 13.8M | 13.9M | 22.9M | 26.3M | 27.6M | |
Total Current Assets | 9.6M | 6.1M | 30.4M | 47.9M | 24.2M | 19.7M | |
Accumulated Other Comprehensive Income | (21.1M) | (26.5M) | (32.9M) | (39.5M) | (35.5M) | (37.3M) | |
Short Term Debt | 6.8M | 13.8M | 13.9M | 22.9M | 17.8M | 13.1M | |
Common Stock | 23.0K | 23.5K | 29.2K | 29.0K | 28.3K | 26.9K | |
Property Plant Equipment | 105.5M | 99.3M | 128.5M | 149.0M | 171.4M | 116.2M | |
Net Invested Capital | 98.3M | 85.7M | 157.6M | 195.2M | 224.4M | 131.1M | |
Net Working Capital | (1.6M) | (13.2M) | 12.7M | 20.7M | 23.8M | 25.0M | |
Capital Stock | 14.7M | 16.0M | 29.2K | 29.0K | 26.1K | 24.8K |
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 EuroDry 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, EuroDry's short interest history, or implied volatility extrapolated from EuroDry options trading.
Pair Trading with EuroDry
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 EuroDry 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 EuroDry will appreciate offsetting losses from the drop in the long position's value.Moving against EuroDry Stock
0.64 | DAC | Danaos Financial Report 20th of May 2024 | PairCorr |
The ability to find closely correlated positions to EuroDry could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EuroDry 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 EuroDry - 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 EuroDry to buy it.
The correlation of EuroDry 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 EuroDry moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EuroDry 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 EuroDry 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EuroDry. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy EuroDry Stock please use our How to Invest in EuroDry guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for EuroDry Stock analysis
When running EuroDry's price analysis, check to measure EuroDry'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 EuroDry is operating at the current time. Most of EuroDry's value examination focuses on studying past and present price action to predict the probability of EuroDry's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EuroDry's price. Additionally, you may evaluate how the addition of EuroDry to your portfolios can decrease your overall portfolio volatility.
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Is EuroDry'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 EuroDry. If investors know EuroDry 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 EuroDry 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 (0.94) | Earnings Share (1.05) | Revenue Per Share 17.224 | Quarterly Revenue Growth 0.052 | Return On Assets 0.0032 |
The market value of EuroDry is measured differently than its book value, which is the value of EuroDry that is recorded on the company's balance sheet. Investors also form their own opinion of EuroDry's value that differs from its market value or its book value, called intrinsic value, which is EuroDry'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 EuroDry's market value can be influenced by many factors that don't directly affect EuroDry'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 EuroDry's value and its price as these two are different measures arrived at by different means. Investors typically determine if EuroDry is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EuroDry'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.