Healthcare Ebit vs Operating Income Analysis
HCSG Stock | USD 10.82 0.13 1.22% |
Healthcare Services financial indicator trend analysis is much more than just examining Healthcare Services latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Healthcare Services is a good investment. Please check the relationship between Healthcare Services Ebit and its Operating Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Healthcare Services Group. 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.
Ebit vs Operating Income
Ebit vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Healthcare Services Ebit account and Operating Income. At this time, the significance of the direction appears to have totally related.
The correlation between Healthcare Services' Ebit and Operating Income is 0.99. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Operating Income in the same time period over historical financial statements of Healthcare Services Group, assuming nothing else is changed. The correlation between historical values of Healthcare Services' Ebit 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 Ebit of Healthcare Services Group 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 Ebit i.e., Healthcare Services' Ebit and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Ebit
Operating Income
Operating Income is the amount of profit realized from Healthcare Services 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 Healthcare Services Group 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 Healthcare Services' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Healthcare Services 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Healthcare Services Group. 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. At this time, Healthcare Services' Enterprise Value Over EBITDA is most likely to decrease significantly in the upcoming years. The Healthcare Services' current Enterprise Value Multiple is estimated to increase to 14.10, while Issuance Of Capital Stock is projected to decrease to roughly 27.6 K.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 226.9M | 193.8M | 251.5M | 264.0M | Total Revenue | 1.6B | 1.7B | 1.7B | 1.8B |
Healthcare Services fundamental ratios Correlations
Click cells to compare fundamentals
Healthcare Services Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Healthcare Services fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 722.6M | 785.0M | 777.5M | 718.3M | 803.2M | 843.3M | |
Short Long Term Debt Total | 11.6M | 11.4M | 11.3M | 33.1M | 43.6M | 45.8M | |
Other Current Liab | 125.4M | 110.0M | 126.7M | 85.3M | 94.1M | 98.8M | |
Total Current Liabilities | 148.7M | 162.3M | 191.1M | 178.6M | 216.9M | 227.8M | |
Total Stockholder Equity | 460.3M | 480.5M | 452.7M | 426.2M | 456.6M | 479.4M | |
Property Plant And Equipment Net | 28.8M | 26.6M | 28.1M | 23.0M | 28.8M | 30.2M | |
Net Debt | (15.7M) | (128.0M) | (59.5M) | 6.8M | (10.7M) | (11.2M) | |
Retained Earnings | 195.5M | 200.9M | 184.0M | 154.5M | 185.0M | 100.4M | |
Cash | 27.3M | 139.3M | 70.8M | 26.3M | 54.3M | 40.3M | |
Non Current Assets Total | 206.9M | 212.6M | 231.1M | 209.7M | 231.5M | 243.1M | |
Non Currrent Assets Other | 20.4M | 35.6M | 31.5M | 34.3M | 42.5M | 44.6M | |
Cash And Short Term Investments | 118.0M | 264.3M | 185.2M | 121.5M | 147.5M | 154.8M | |
Net Receivables | 340.9M | 255.5M | 293.4M | 336.8M | 383.5M | 402.7M | |
Common Stock Shares Outstanding | 74.6M | 74.8M | 75.0M | 74.4M | 74.3M | 69.2M | |
Liabilities And Stockholders Equity | 722.6M | 785.0M | 777.5M | 718.3M | 803.2M | 843.3M | |
Non Current Liabilities Total | 113.6M | 142.3M | 133.7M | 113.5M | 129.6M | 136.1M | |
Inventory | 36.5M | 31.6M | 26.0M | 21.2M | 18.5M | 17.5M | |
Other Current Assets | 56.8M | 52.6M | 67.8M | 50.4M | 22.2M | 22.6M | |
Other Stockholder Equity | 261.2M | 273.2M | 264.0M | 274.4M | 272.7M | 286.3M | |
Total Liab | 262.3M | 304.6M | 324.9M | 292.2M | 346.6M | 363.9M | |
Property Plant And Equipment Gross | 28.8M | 26.6M | 54.3M | 55.2M | 50.8M | 53.3M | |
Total Current Assets | 515.7M | 572.4M | 546.4M | 508.6M | 571.7M | 600.3M | |
Accumulated Other Comprehensive Income | 2.9M | 5.6M | 4M | (3.5M) | (1.8M) | (1.9M) | |
Short Term Debt | 10M | 5.3M | 6.5M | 25M | 32.4M | 19.9M | |
Intangible Assets | 22.4M | 18.2M | 20.8M | 15.9M | 12.1M | 10.4M | |
Accounts Payable | 54.4M | 52.2M | 64.4M | 68.3M | 83.2M | 87.4M | |
Common Stock Total Equity | 756K | 758K | 760K | 762K | 876.3K | 560.9K | |
Common Stock | 756K | 758K | 760K | 762K | 763K | 572.0K | |
Other Liab | 102.0M | 142.3M | 133.7M | 105.4M | 121.3M | 127.3M | |
Other Assets | 104.6M | 116.8M | 107.5M | 95.3M | 109.5M | 115.0M | |
Treasury Stock | (9.7M) | (9.4M) | (9.0M) | (30.2M) | (27.1M) | (25.8M) | |
Property Plant Equipment | 28.8M | 26.6M | 28.1M | 23.0M | 26.4M | 27.7M | |
Short Term Investments | 90.7M | 125.0M | 114.4M | 95.2M | 93.1M | 70.6M | |
Net Tangible Assets | 398.5M | 422.6M | 357.1M | 342.8M | 394.2M | 324.8M | |
Retained Earnings Total Equity | 195.5M | 200.9M | 184.0M | 154.5M | 177.7M | 153.3M | |
Capital Surpluse | 270.6M | 282.2M | 294.1M | 302.3M | 347.6M | 241.1M | |
Deferred Long Term Liab | 37.6M | 46.8M | 46.9M | 33.8M | 38.8M | 29.6M | |
Long Term Investments | 47.0M | 34.4M | 29.3M | 32.6M | 37.5M | 21.1M |
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 Healthcare Services 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, Healthcare Services' short interest history, or implied volatility extrapolated from Healthcare Services options trading.
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Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Healthcare Services Group. 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. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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When running Healthcare Services' price analysis, check to measure Healthcare Services' 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 Healthcare Services is operating at the current time. Most of Healthcare Services' value examination focuses on studying past and present price action to predict the probability of Healthcare Services' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Healthcare Services' price. Additionally, you may evaluate how the addition of Healthcare Services to your portfolios can decrease your overall portfolio volatility.
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Is Healthcare Services' 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 Healthcare Services. If investors know Healthcare 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 Healthcare Services 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 0.322 | Earnings Share 0.57 | Revenue Per Share 22.626 | Quarterly Revenue Growth 0.015 | Return On Assets 0.0417 |
The market value of Healthcare Services is measured differently than its book value, which is the value of Healthcare that is recorded on the company's balance sheet. Investors also form their own opinion of Healthcare Services' value that differs from its market value or its book value, called intrinsic value, which is Healthcare Services' 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 Healthcare Services' market value can be influenced by many factors that don't directly affect Healthcare Services' 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 Healthcare Services' value and its price as these two are different measures arrived at by different means. Investors typically determine if Healthcare Services is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Healthcare Services' 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.