Ellington Other Operating Expenses vs Gross Profit Analysis
EARN Stock | USD 7.22 0.02 0.28% |
Ellington Residential financial indicator trend analysis is much more than just examining Ellington Residential latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ellington Residential is a good investment. Please check the relationship between Ellington Residential Other Operating Expenses and its Gross Profit accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ellington Residential Mortgage. 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.
Other Operating Expenses vs Gross Profit
Other Operating Expenses vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ellington Residential Other Operating Expenses account and Gross Profit. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Ellington Residential's Other Operating Expenses and Gross Profit is -0.06. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Ellington Residential Mortgage, assuming nothing else is changed. The correlation between historical values of Ellington Residential's Other Operating Expenses 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 Other Operating Expenses of Ellington Residential Mortgage 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 Other Operating Expenses i.e., Ellington Residential's Other Operating Expenses and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.06 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Ellington Residential. It is also known as Ellington Residential overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Ellington Residential Mortgage minus its cost of goods sold. It is profit before Ellington Residential 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 Ellington Residential's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ellington Residential 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 Ellington Residential Mortgage. 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, Ellington Residential's Issuance Of Capital Stock is very stable compared to the past year. As of the 22nd of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.09, while Selling General Administrative is likely to drop about 1.1 M.
Ellington Residential fundamental ratios Correlations
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Ellington Residential Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ellington Residential fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.5B | 1.2B | 1.6B | 1.1B | 945.7M | 1.5B | |
Other Current Liab | (3.8M) | (1.5M) | (2.8M) | (50.4M) | (729.5M) | (693.1M) | |
Total Stockholder Equity | 160.8M | 166.4M | 154.2M | 112.4M | 136.2M | 158.1M | |
Net Debt | 1.3B | 957.1M | 995.8M | 807.6M | 691.0M | 408.0M | |
Retained Earnings | (69.6M) | (63.3M) | (84.8M) | (128.7M) | (138.6M) | (131.7M) | |
Cash | 35.4M | 58.2M | 69.0M | 34.8M | 38.5M | 45.6M | |
Non Current Assets Total | 1.4B | 1.1B | 1.3B | 893.5M | 848.3M | 1.0B | |
Non Currrent Assets Other | (1.4B) | (1.1B) | (1.3B) | (893.5M) | 431K | 452.6K | |
Other Assets | 6.9M | 3.1M | 124.6M | 69.7M | 54.4M | 57.1M | |
Cash And Short Term Investments | 35.4M | 58.2M | 69.0M | 34.8M | 38.5M | 45.6M | |
Net Receivables | 45.1M | 51.9M | 93.2M | 55.6M | 58.9M | 60.5M | |
Common Stock Total Equity | 125K | 124K | 123K | 131K | 154.1K | 115.3K | |
Common Stock Shares Outstanding | 12.5M | 12.4M | 12.7M | 13.2M | 14.9M | 11.5M | |
Liabilities And Stockholders Equity | 1.5B | 1.2B | 1.6B | 1.1B | 945.7M | 1.5B | |
Non Current Liabilities Total | 32.0M | 13.2M | 379.4M | 50.4M | 79.9M | 75.9M | |
Other Stockholder Equity | 230.4M | 229.6M | 238.9M | 240.9M | 274.7M | 223.9M | |
Total Liab | 3.8M | 1.5M | 2.8M | 941.2M | 809.5M | 691.8M | |
Total Current Assets | 80.5M | 110.1M | 162.2M | 90.4M | 43.1M | 40.9M | |
Common Stock | 125K | 124K | 123K | 131K | 186K | 122.8K | |
Short Long Term Debt Total | 1.3B | 1.0B | 1.1B | 842.5M | 729.5M | 951.4M | |
Total Current Liabilities | 3.8M | 1.5M | 2.8M | 50.4M | 729.5M | 766.0M | |
Net Tangible Assets | 160.8M | 166.4M | 154.2M | 112.4M | 101.2M | 124.6M | |
Accounts Payable | 3.8M | 1.5M | 2.8M | 50.4M | 57.3M | 60.2M | |
Long Term Debt | 2.0M | 6.6M | 1.1M | 3.1M | 3.6M | 4.3M | |
Retained Earnings Total Equity | (69.6M) | (63.3M) | (84.8M) | (128.7M) | (115.8M) | (110.0M) | |
Short Term Investments | 2.1M | 2.8M | 117.5M | 499K | 74.3M | 44.7M | |
Long Term Debt Total | 2.0M | 6.6M | 1.1M | 3.1M | 3.6M | 4.8M | |
Capital Surpluse | 230.4M | 229.6M | 238.9M | 240.9M | 277.1M | 238.8M | |
Long Term Investments | 4.2M | 292K | 6.6M | 68.8M | 773.5M | 812.2M | |
Non Current Liabilities Other | 1.3B | 1.0B | 1.2B | 843.0M | 758.7M | 1.0B | |
Other Current Assets | (80.5M) | (110.1M) | (162.2M) | (90.4M) | (97.4M) | (102.3M) | |
Short Term Debt | 1.3B | 1.0B | 1.1B | 842.5M | 729.5M | 942.4M | |
Capital Stock | 124K | 123K | 131K | 134K | 186K | 150.9K |
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Is Ellington Residential'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 Ellington Residential. If investors know Ellington 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 Ellington Residential 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 (0.15) | Dividend Share 0.96 | Earnings Share 0.31 | Revenue Per Share (0) | Quarterly Revenue Growth (0.83) |
The market value of Ellington Residential is measured differently than its book value, which is the value of Ellington that is recorded on the company's balance sheet. Investors also form their own opinion of Ellington Residential's value that differs from its market value or its book value, called intrinsic value, which is Ellington Residential'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 Ellington Residential's market value can be influenced by many factors that don't directly affect Ellington Residential'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 Ellington Residential's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ellington Residential is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ellington Residential'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.