ARC Ebit vs Operating Income Analysis
ARX Stock | CAD 25.72 0.32 1.26% |
ARC Resources financial indicator trend analysis is way more than just evaluating ARC Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ARC Resources is a good investment. Please check the relationship between ARC Resources Ebit and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ARC Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
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 ARC Resources Ebit account and Operating Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between ARC Resources' Ebit and Operating Income is 0.85. 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 ARC Resources, assuming nothing else is changed. The correlation between historical values of ARC Resources' 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 ARC Resources 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., ARC Resources' Ebit and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Ebit
Operating Income
Operating Income is the amount of profit realized from ARC Resources 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 ARC Resources 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 ARC Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ARC Resources 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in ARC Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. As of the 9th of May 2024, Selling General Administrative is likely to grow to about 222.8 M. Also, Tax Provision is likely to grow to about 483.8 M
2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 2.9B | 5.1B | 3.8B | 4.0B | EBITDA | 3.1B | 5.4B | 6.2B | 6.5B |
ARC Resources fundamental ratios Correlations
Click cells to compare fundamentals
ARC Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ARC Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.8B | 5.0B | 11.4B | 11.6B | 12.4B | 13.0B | |
Short Long Term Debt Total | 923.8M | 751.1M | 2.6B | 1.8B | 2.1B | 2.2B | |
Other Current Liab | 49.3M | 80.7M | 640.3M | 432.4M | 3.6M | 3.4M | |
Total Current Liabilities | 365M | 367.7M | 1.5B | 1.7B | 981.6M | 1.0B | |
Total Stockholder Equity | 3.4B | 2.8B | 5.9B | 6.7B | 7.4B | 7.8B | |
Property Plant And Equipment Net | 5.3B | 4.5B | 10.4B | 10.4B | 11.2B | 11.7B | |
Net Debt | 915.3M | 750.7M | 3.4B | 1.7B | 1.1B | 797.7M | |
Retained Earnings | (1.3B) | (1.9B) | (1.3B) | 139.1M | 1.1B | 1.2B | |
Accounts Payable | 150.5M | 125M | 761.5M | 1.2B | 753.3M | 791.0M | |
Cash | 8.5M | 400K | (869.3M) | 57.1M | 1.1M | 1.0M | |
Non Current Assets Total | 5.6B | 4.8B | 10.7B | 10.6B | 11.5B | 12.1B | |
Non Currrent Assets Other | 148.4M | 142.1M | 4.2M | 13.3M | 15.3M | 14.5M | |
Cash And Short Term Investments | 8.5M | 400K | (869.3M) | 57.1M | 51.4M | 26.6M | |
Net Receivables | 124.4M | 145.9M | 672M | 863.2M | 583M | 612.2M | |
Common Stock Shares Outstanding | 353.4M | 353.4M | 627.3M | 663.1M | 596.9M | 626.7M | |
Liabilities And Stockholders Equity | 5.8B | 5.0B | 11.4B | 11.6B | 13.4B | 14.0B | |
Non Current Liabilities Total | 2.0B | 1.8B | 3.9B | 3.3B | 4.0B | 4.2B | |
Other Stockholder Equity | 32.2M | 36.5M | 46.3M | 39.9M | 35.9M | 34.1M | |
Total Liab | 2.3B | 2.2B | 5.5B | 5.0B | 5.0B | 5.2B | |
Property Plant And Equipment Gross | 5.3B | 4.5B | 15.5B | 16.8B | 11.2B | 11.7B | |
Total Current Assets | 193.2M | 162.3M | 730M | 986.5M | 893.4M | 938.1M | |
Accumulated Other Comprehensive Income | (4.2B) | (5.5B) | (2.5M) | (23.1M) | (20.8M) | (21.8M) | |
Other Current Assets | 60.2M | 14.4M | 35.7M | 59.5M | 68.4M | 91.9M | |
Short Term Debt | 165.2M | 162M | 109.3M | 92.4M | 106.3M | 72.3M | |
Common Stock | 4.7B | 4.7B | 7.2B | 6.5B | 7.5B | 5.0B | |
Other Liab | 1.2B | 1.2B | 1.5B | 1.6B | 1.8B | 1.4B | |
Net Tangible Assets | 3.2B | 2.5B | 5.7B | 6.4B | 7.4B | 4.1B | |
Other Assets | 142.1M | 4.2M | 0.0 | 13.3M | 12.0M | 11.4M | |
Long Term Debt | 728.7M | 555.2M | 1.7B | 990M | 1.1B | 1.1B | |
Short Long Term Debt | 73.9M | 80.5M | 148.9M | 146.7M | 132.0M | 151.0M | |
Property Plant Equipment | 5.3B | 4.5B | 10.4B | 10.4B | 11.9B | 6.7B | |
Long Term Debt Total | 758.6M | 589.1M | 2.5B | 1.7B | 1.9B | 1.3B | |
Capital Surpluse | 32.2M | 36.5M | 46.3M | 39.9M | 45.9M | 32.2M | |
Cash And Equivalents | 8.5M | 400K | 0.0 | 57.1M | 51.4M | 87.8M |
Pair Trading with ARC Resources
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 ARC Resources 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 ARC Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with ARC Stock
0.81 | ENB-PFC | Enbridge Pref 11 | PairCorr |
0.78 | ENB-PFU | Enbridge Pref L | PairCorr |
The ability to find closely correlated positions to ARC Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ARC Resources 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 ARC Resources - 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 ARC Resources to buy it.
The correlation of ARC Resources 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 ARC Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ARC Resources 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 ARC Resources 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in ARC Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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When running ARC Resources' price analysis, check to measure ARC Resources' 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 ARC Resources is operating at the current time. Most of ARC Resources' value examination focuses on studying past and present price action to predict the probability of ARC Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ARC Resources' price. Additionally, you may evaluate how the addition of ARC Resources to your portfolios can decrease your overall portfolio volatility.
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