Kimbell Operating Income vs Income Before Tax Analysis
KRP Stock | USD 16.59 0.17 1.04% |
Kimbell Royalty financial indicator trend analysis is infinitely more than just investigating Kimbell Royalty Partners recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kimbell Royalty Partners is a good investment. Please check the relationship between Kimbell Royalty Operating Income and its Income Before Tax accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kimbell Royalty Partners. 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.
Operating Income vs Income Before Tax
Operating Income vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kimbell Royalty Partners Operating Income account and Income Before Tax. At this time, the significance of the direction appears to have strong relationship.
The correlation between Kimbell Royalty's Operating Income and Income Before Tax is 0.79. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Kimbell Royalty Partners, assuming nothing else is changed. The correlation between historical values of Kimbell Royalty's Operating Income and Income Before Tax 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 Kimbell Royalty Partners are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Operating Income i.e., Kimbell Royalty's Operating Income and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.79 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Operating Income
Operating Income is the amount of profit realized from Kimbell Royalty Partners 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 Kimbell Royalty Partners 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.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Kimbell Royalty income statement and is an important metric when analyzing Kimbell Royalty Partners profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Most indicators from Kimbell Royalty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kimbell Royalty Partners 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kimbell Royalty Partners. 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. At this time, Kimbell Royalty's Tax Provision is relatively stable compared to the past year. As of 05/18/2024, Issuance Of Capital Stock is likely to grow to about 568.5 M, while Enterprise Value Over EBITDA is likely to drop 5.81.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 9.2M | 13.8M | 26.0M | 27.2M | Depreciation And Amortization | 45.2M | 47.4M | 96.8M | 101.7M |
Kimbell Royalty fundamental ratios Correlations
Click cells to compare fundamentals
Kimbell Royalty Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Kimbell Royalty fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 748.6M | 564.6M | 601.5M | 1.1B | 1.3B | 1.4B | |
Short Long Term Debt Total | 103.3M | 174.4M | 219.7M | 235.3M | 296.1M | 310.9M | |
Other Current Liab | 4.2M | 7.9M | 27.5M | 17.6M | 6.4M | 7.6M | |
Total Current Liabilities | 5.4M | 8.8M | 28.3M | 18.8M | 13.0M | 9.4M | |
Total Stockholder Equity | 283.8B | 258.6B | 329.6B | 602.6B | 671.6B | 705.2B | |
Net Tangible Assets | 283.8M | 378.3M | 329.6M | 813.4M | 935.4M | 982.2M | |
Property Plant And Equipment Net | 709.2M | 526.1M | 545.5M | 756.7M | 1.2B | 1.3B | |
Net Debt | 89.1M | 164.6M | 212.6M | 210.6M | 265.1M | 278.3M | |
Accounts Payable | 1.2M | 889K | 811K | 1.2M | 6.6M | 6.9M | |
Cash | 14.2M | 9.8M | 7.1M | 24.6M | 31.0M | 32.5M | |
Non Current Assets Total | 714.5M | 536.3M | 556.1M | 1.0B | 1.2B | 1.3B | |
Non Currrent Assets Other | 2.3M | 5.1M | 5.8M | (240.4B) | 7.3M | 7.7M | |
Other Assets | 2.3M | 5.1M | 5.8M | 1.2M | 1.4M | 2.4M | |
Long Term Debt | 100.1M | 171.6M | 217.1M | 233.0M | 294.2M | 308.9M | |
Cash And Short Term Investments | 14.2M | 9.8M | 7.1M | 24.6M | 31.0M | 32.5M | |
Net Receivables | 19.2M | 18.5M | 38.2M | 50.6M | 60.7M | 63.8M | |
Common Stock Shares Outstanding | 21.2M | 34.5M | 61.0M | 65.8M | 93.1M | 97.7M | |
Liabilities And Stockholders Equity | 389.9M | 263.3M | 271.9M | 474.1M | 309.3M | 245.2M | |
Non Current Liabilities Total | 103.3M | 177.6M | 224.3M | 244.6M | 296.3M | 311.2M | |
Other Stockholder Equity | 283.5B | 258.3B | 329.3B | 602.0B | 670.6B | 704.1B | |
Total Liab | 108.7M | 186.3M | 252.6M | 263.3M | 309.3M | 324.8M | |
Deferred Long Term Liab | 2.2M | 5.1M | 4.2M | 3.0M | 3.5M | 2.2M | |
Property Plant And Equipment Gross | 709.2M | 526.1M | 1.9M | 953.8K | 2.1B | 2.2B | |
Total Current Assets | 34.1M | 28.3M | 45.4M | 75.2M | 103.1M | 108.3M | |
Short Term Debt | 100.1M | 2.8M | 486.0K | 487.8K | 488.7K | 464.3K | |
Common Stock | 283.8M | 258.6M | 329.6M | 602.6M | 671.6M | 705.2M | |
Property Plant Equipment | 709.2M | 2.0M | 545.5M | 953.8K | 1.1M | 1.0M | |
Long Term Debt Total | 100.1M | 171.6M | 217.1M | 233.0M | 268.0M | 281.4M | |
Inventory | (19.9B) | (18.5B) | (38.4B) | (50.6B) | (72.1B) | (68.5B) | |
Other Current Assets | 19.9B | 18.5B | 38.4B | 50.6B | 72.1B | 75.8B | |
Cash And Equivalents | 14.2M | 9.8M | 7.1M | 24.6M | 28.3M | 29.7M | |
Net Invested Capital | 458.9M | 472.8M | 546.7M | 835.6M | 1.3B | 681.8M |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kimbell Royalty Partners. 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. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for Kimbell Stock analysis
When running Kimbell Royalty's price analysis, check to measure Kimbell Royalty'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 Kimbell Royalty is operating at the current time. Most of Kimbell Royalty's value examination focuses on studying past and present price action to predict the probability of Kimbell Royalty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kimbell Royalty's price. Additionally, you may evaluate how the addition of Kimbell Royalty to your portfolios can decrease your overall portfolio volatility.
Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
Global Correlations Find global opportunities by holding instruments from different markets | |
Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
Fundamental Analysis View fundamental data based on most recent published financial statements | |
Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
Is Kimbell Royalty'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 Kimbell Royalty. If investors know Kimbell 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 Kimbell Royalty 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 (0.89) | Dividend Share 1.82 | Earnings Share 0.59 | Revenue Per Share 4.396 | Quarterly Revenue Growth 0.52 |
The market value of Kimbell Royalty Partners is measured differently than its book value, which is the value of Kimbell that is recorded on the company's balance sheet. Investors also form their own opinion of Kimbell Royalty's value that differs from its market value or its book value, called intrinsic value, which is Kimbell Royalty'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 Kimbell Royalty's market value can be influenced by many factors that don't directly affect Kimbell Royalty'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 Kimbell Royalty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kimbell Royalty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kimbell Royalty'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.