Kimbell Total Other Income Expense Net vs Gross Profit 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 Total Other Income Expense Net and its Gross Profit 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.

Total Other Income Expense Net vs Gross Profit

Total Other Income Expense Net vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kimbell Royalty Partners Total Other Income Expense Net account and Gross Profit. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Kimbell Royalty's Total Other Income Expense Net and Gross Profit is -0.13. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Gross Profit 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 Total Other Income Expense Net 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 Total Other Income Expense Net of Kimbell Royalty Partners 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 Total Other Income Expense Net i.e., Kimbell Royalty's Total Other Income Expense Net and Gross Profit go up and down completely randomly.

Correlation Coefficient

-0.13

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Total Other Income Expense Net

Gross Profit

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

Interest Expense Depreciation And Amortization

Kimbell Royalty fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		0.94	0.49	0.6	0.92	0.45	0.97	0.99	0.92	0.78	0.99	1.0	-0.34	0.49	0.94	0.99	0.96	0.92	0.94	0.92	0.93	0.72	0.81	0.89	0.98	0.11
Short Long Term Debt Total	0.94		0.67	0.77	0.94	0.5	0.95	0.93	1.0	0.76	0.91	0.94	-0.32	0.57	1.0	0.91	0.98	0.98	1.0	0.93	1.0	0.79	0.72	0.84	0.96	-0.13
Other Current Liab	0.49	0.67		0.98	0.56	0.64	0.49	0.44	0.7	0.12	0.39	0.49	-0.44	0.66	0.67	0.39	0.63	0.62	0.68	0.56	0.71	0.69	0.03	0.55	0.51	-0.2
Total Current Liabilities	0.6	0.77	0.98		0.66	0.63	0.59	0.56	0.79	0.27	0.5	0.6	-0.42	0.65	0.77	0.5	0.73	0.72	0.78	0.66	0.8	0.75	0.17	0.62	0.63	-0.2
Total Stockholder Equity	0.92	0.94	0.56	0.66		0.28	0.96	0.89	0.93	0.75	0.91	0.91	-0.41	0.32	0.94	0.91	0.95	0.95	0.93	1.0	0.93	0.61	0.71	0.82	0.94	-0.2
Other Liab	0.45	0.5	0.64	0.63	0.28		0.28	0.49	0.52	0.08	0.32	0.46	0.08	0.96	0.5	0.32	0.4	0.38	0.5	0.28	0.52	0.83	0.19	0.65	0.35	0.44
Net Tangible Assets	0.97	0.95	0.49	0.59	0.96	0.28		0.94	0.93	0.81	0.97	0.96	-0.41	0.35	0.95	0.97	0.97	0.95	0.94	0.96	0.93	0.64	0.79	0.83	0.98	-0.13
Property Plant And Equipment Net	0.99	0.93	0.44	0.56	0.89	0.49	0.94		0.91	0.81	0.98	0.99	-0.21	0.52	0.93	0.98	0.94	0.91	0.92	0.89	0.91	0.72	0.86	0.9	0.97	0.15
Net Debt	0.92	1.0	0.7	0.79	0.93	0.52	0.93	0.91		0.74	0.88	0.92	-0.32	0.59	1.0	0.88	0.97	0.97	1.0	0.93	1.0	0.8	0.7	0.83	0.95	-0.16
Accounts Payable	0.78	0.76	0.12	0.27	0.75	0.08	0.81	0.81	0.74		0.82	0.78	0.04	0.14	0.76	0.82	0.8	0.82	0.75	0.75	0.73	0.35	0.93	0.57	0.85	-0.12
Cash	0.99	0.91	0.39	0.5	0.91	0.32	0.97	0.98	0.88	0.82		0.99	-0.36	0.37	0.91	1.0	0.94	0.9	0.9	0.91	0.89	0.63	0.84	0.84	0.98	0.08
Non Current Assets Total	1.0	0.94	0.49	0.6	0.91	0.46	0.96	0.99	0.92	0.78	0.99		-0.34	0.49	0.94	0.99	0.96	0.92	0.93	0.91	0.93	0.73	0.81	0.89	0.98	0.12
Non Currrent Assets Other	-0.34	-0.32	-0.44	-0.42	-0.41	0.08	-0.41	-0.21	-0.32	0.04	-0.36	-0.34		0.05	-0.32	-0.36	-0.38	-0.3	-0.34	-0.41	-0.35	-0.21	0.17	-0.21	-0.33	0.15
Other Assets	0.49	0.57	0.66	0.65	0.32	0.96	0.35	0.52	0.59	0.14	0.37	0.49	0.05		0.57	0.37	0.45	0.44	0.57	0.32	0.58	0.89	0.24	0.67	0.41	0.27
Long Term Debt	0.94	1.0	0.67	0.77	0.94	0.5	0.95	0.93	1.0	0.76	0.91	0.94	-0.32	0.57		0.91	0.98	0.98	1.0	0.93	1.0	0.79	0.72	0.84	0.96	-0.14
Cash And Short Term Investments	0.99	0.91	0.39	0.5	0.91	0.32	0.97	0.98	0.88	0.82	1.0	0.99	-0.36	0.37	0.91		0.94	0.9	0.9	0.91	0.89	0.63	0.84	0.84	0.98	0.08
Net Receivables	0.96	0.98	0.63	0.73	0.95	0.4	0.97	0.94	0.97	0.8	0.94	0.96	-0.38	0.45	0.98	0.94		0.98	0.98	0.95	0.98	0.69	0.74	0.82	0.99	-0.11
Common Stock Shares Outstanding	0.92	0.98	0.62	0.72	0.95	0.38	0.95	0.91	0.97	0.82	0.9	0.92	-0.3	0.44	0.98	0.9	0.98		0.98	0.95	0.97	0.68	0.75	0.8	0.97	-0.22
Non Current Liabilities Total	0.94	1.0	0.68	0.78	0.93	0.5	0.94	0.92	1.0	0.75	0.9	0.93	-0.34	0.57	1.0	0.9	0.98	0.98		0.93	1.0	0.8	0.71	0.84	0.96	-0.14
Other Stockholder Equity	0.92	0.93	0.56	0.66	1.0	0.28	0.96	0.89	0.93	0.75	0.91	0.91	-0.41	0.32	0.93	0.91	0.95	0.95	0.93		0.93	0.61	0.71	0.82	0.94	-0.2
Total Liab	0.93	1.0	0.71	0.8	0.93	0.52	0.93	0.91	1.0	0.73	0.89	0.93	-0.35	0.58	1.0	0.89	0.98	0.97	1.0	0.93		0.8	0.69	0.84	0.95	-0.15
Deferred Long Term Liab	0.72	0.79	0.69	0.75	0.61	0.83	0.64	0.72	0.8	0.35	0.63	0.73	-0.21	0.89	0.79	0.63	0.69	0.68	0.8	0.61	0.8		0.42	0.8	0.66	0.13
Property Plant And Equipment Gross	0.81	0.72	0.03	0.17	0.71	0.19	0.79	0.86	0.7	0.93	0.84	0.81	0.17	0.24	0.72	0.84	0.74	0.75	0.71	0.71	0.69	0.42		0.66	0.82	0.07
Short Long Term Debt	0.89	0.84	0.55	0.62	0.82	0.65	0.83	0.9	0.83	0.57	0.84	0.89	-0.21	0.67	0.84	0.84	0.82	0.8	0.84	0.82	0.84	0.8	0.66		0.82	0.19
Total Current Assets	0.98	0.96	0.51	0.63	0.94	0.35	0.98	0.97	0.95	0.85	0.98	0.98	-0.33	0.41	0.96	0.98	0.99	0.97	0.96	0.94	0.95	0.66	0.82	0.82		-0.05
Short Term Debt	0.11	-0.13	-0.2	-0.2	-0.2	0.44	-0.13	0.15	-0.16	-0.12	0.08	0.12	0.15	0.27	-0.14	0.08	-0.11	-0.22	-0.14	-0.2	-0.15	0.13	0.07	0.19	-0.05

Click cells to compare fundamentals

Kimbell Royalty Account Relationship Matchups

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

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When determining whether Kimbell Royalty Partners 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 Kimbell 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 Kimbell Royalty Partners Stock. Highlighted below are key reports to facilitate an investment decision about Kimbell Royalty Partners Stock:

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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.

You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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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.

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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.

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Kimbell Total Other Income Expense Net vs Gross Profit Analysis

Total Other Income Expense Net vs Gross Profit

Total Other Income Expense Net vs Gross Profit Correlation Analysis

Correlation Coefficient

Total Other Income Expense Net

Gross Profit

Kimbell Royalty fundamental ratios Correlations

Kimbell Royalty Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Kimbell Royalty fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Kimbell Stock analysis

COMMON DESTINATIONS

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COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Long Term Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Other Stockholder Equity	+ 1.0	Total Stockholder Equity

Non Currrent Assets Other	- 0.44	Other Current Liab
Non Currrent Assets Other	- 0.42	Total Current Liabilities
Other Stockholder Equity	- 0.41	Non Currrent Assets Other
Non Currrent Assets Other	- 0.41	Net Tangible Assets
Non Currrent Assets Other	- 0.41	Total Stockholder Equity
Net Receivables	- 0.38	Non Currrent Assets Other