Hawaiian Operating Income vs Total Operating Expenses Analysis

HE Stock

USD 11.33 0.24 2.16%

Hawaiian Electric financial indicator trend analysis is much more than just examining Hawaiian Electric latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hawaiian Electric is a good investment. Please check the relationship between Hawaiian Electric Operating Income and its Total Operating Expenses accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hawaiian Electric Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

Operating Income vs Total Operating Expenses

Operating Income vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hawaiian Electric Operating Income account and Total Operating Expenses. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Hawaiian Electric's Operating Income and Total Operating Expenses is -0.04. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Hawaiian Electric Industries, assuming nothing else is changed. The correlation between historical values of Hawaiian Electric's Operating Income and Total Operating Expenses 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 Hawaiian Electric Industries are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Operating Income i.e., Hawaiian Electric's Operating Income and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

-0.04

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Hawaiian Electric 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 Hawaiian Electric Industries 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.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Most indicators from Hawaiian Electric's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hawaiian Electric 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 Hawaiian Electric Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

At present, Hawaiian Electric's Enterprise Value Over EBITDA is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 12.97, whereas Issuance Of Capital Stock is forecasted to decline to 0.00.

	2021	2022	2023	2024 (projected)
Gross Profit	386.1M	381.1M	360.8M	383.6M
Total Revenue	2.9B	3.7B	3.7B	2.2B

Gross Profit Total Revenue

Hawaiian Electric fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Common Stock Shares Outstanding		0.79	0.44	-0.51	-0.57	0.91	0.84	0.41	0.39	0.63	0.17	0.25	0.69	0.59	0.52	0.82	0.65	0.65	-0.25	-0.76	-0.71	0.76	0.36	0.48	-0.83	0.95
Total Assets	0.79		0.85	-0.55	-0.57	0.94	0.99	0.83	0.78	0.65	0.4	0.54	0.72	0.67	0.26	0.69	0.73	0.84	-0.46	-0.39	-0.64	1.0	0.69	0.32	-0.43	0.83
Short Long Term Debt Total	0.44	0.85		-0.36	-0.37	0.65	0.8	0.99	0.81	0.62	0.52	0.67	0.62	0.31	-0.11	0.49	0.54	0.72	-0.31	-0.15	-0.5	0.88	0.7	-0.05	0.04	0.51
Other Current Liab	-0.51	-0.55	-0.36		1.0	-0.59	-0.58	-0.38	-0.46	-0.18	-0.19	-0.35	-0.58	-0.51	-0.21	-0.44	-0.93	-0.73	0.72	0.3	0.39	-0.53	-0.53	-0.21	0.52	-0.62
Total Current Liabilities	-0.57	-0.57	-0.37	1.0		-0.63	-0.61	-0.37	-0.47	-0.21	-0.23	-0.38	-0.61	-0.52	-0.21	-0.5	-0.93	-0.76	0.69	0.37	0.45	-0.56	-0.55	-0.21	0.56	-0.67
Total Stockholder Equity	0.91	0.94	0.65	-0.59	-0.63		0.97	0.63	0.64	0.59	0.26	0.38	0.66	0.75	0.44	0.72	0.77	0.78	-0.51	-0.48	-0.62	0.92	0.56	0.48	-0.64	0.91
Property Plant And Equipment Net	0.84	0.99	0.8	-0.58	-0.61	0.97		0.78	0.71	0.64	0.31	0.46	0.71	0.68	0.34	0.68	0.78	0.81	-0.48	-0.42	-0.61	0.98	0.62	0.39	-0.5	0.86
Net Debt	0.41	0.83	0.99	-0.38	-0.37	0.63	0.78		0.81	0.63	0.42	0.62	0.6	0.33	-0.03	0.43	0.54	0.7	-0.35	-0.11	-0.44	0.86	0.67	0.02	0.03	0.48
Retained Earnings	0.39	0.78	0.81	-0.46	-0.47	0.64	0.71	0.81		0.48	0.69	0.84	0.57	0.47	-0.17	0.57	0.49	0.9	-0.43	-0.14	-0.63	0.8	0.92	-0.07	-0.01	0.61
Accounts Payable	0.63	0.65	0.62	-0.18	-0.21	0.59	0.64	0.63	0.48		0.23	0.4	0.68	0.22	0.16	0.67	0.3	0.51	-0.02	-0.52	-0.63	0.65	0.39	0.12	-0.34	0.59
Cash	0.17	0.4	0.52	-0.19	-0.23	0.26	0.31	0.42	0.69	0.23		0.94	0.42	-0.04	-0.68	0.63	0.15	0.65	0.0	-0.25	-0.75	0.42	0.82	-0.62	0.22	0.39
Non Current Assets Total	0.25	0.54	0.67	-0.35	-0.38	0.38	0.46	0.62	0.84	0.4	0.94		0.59	0.04	-0.58	0.67	0.31	0.79	-0.12	-0.28	-0.78	0.56	0.91	-0.54	0.16	0.49
Non Currrent Assets Other	0.69	0.72	0.62	-0.58	-0.61	0.66	0.71	0.6	0.57	0.68	0.42	0.59		0.28	0.02	0.76	0.64	0.74	-0.1	-0.69	-0.73	0.72	0.59	-0.01	-0.43	0.74
Cash And Short Term Investments	0.59	0.67	0.31	-0.51	-0.52	0.75	0.68	0.33	0.47	0.22	-0.04	0.04	0.28		0.62	0.28	0.59	0.56	-0.68	-0.09	-0.19	0.65	0.39	0.75	-0.62	0.61
Net Receivables	0.52	0.26	-0.11	-0.21	-0.21	0.44	0.34	-0.03	-0.17	0.16	-0.68	-0.58	0.02	0.62		0.01	0.3	0.0	-0.28	-0.23	0.17	0.22	-0.35	0.97	-0.75	0.35
Good Will	0.82	0.69	0.49	-0.44	-0.5	0.72	0.68	0.43	0.57	0.67	0.63	0.67	0.76	0.28	0.01		0.47	0.77	-0.06	-0.82	-0.98	0.68	0.64	-0.04	-0.54	0.89
Common Stock Total Equity	0.65	0.73	0.54	-0.93	-0.93	0.77	0.78	0.54	0.49	0.3	0.15	0.31	0.64	0.59	0.3	0.47		0.73	-0.71	-0.31	-0.39	0.72	0.51	0.32	-0.54	0.69
Non Current Liabilities Total	0.65	0.84	0.72	-0.73	-0.76	0.78	0.81	0.7	0.9	0.51	0.65	0.79	0.74	0.56	0.0	0.77	0.73		-0.51	-0.44	-0.78	0.84	0.9	0.05	-0.37	0.83
Inventory	-0.25	-0.46	-0.31	0.72	0.69	-0.51	-0.48	-0.35	-0.43	-0.02	0.0	-0.12	-0.1	-0.68	-0.28	-0.06	-0.71	-0.51		-0.29	0.01	-0.44	-0.43	-0.39	0.28	-0.33
Other Current Assets	-0.76	-0.39	-0.15	0.3	0.37	-0.48	-0.42	-0.11	-0.14	-0.52	-0.25	-0.28	-0.69	-0.09	-0.23	-0.82	-0.31	-0.44	-0.29		0.75	-0.37	-0.19	-0.09	0.68	-0.73
Other Stockholder Equity	-0.71	-0.64	-0.5	0.39	0.45	-0.62	-0.61	-0.44	-0.63	-0.63	-0.75	-0.78	-0.73	-0.19	0.17	-0.98	-0.39	-0.78	0.01	0.75		-0.63	-0.72	0.2	0.39	-0.82
Total Liab	0.76	1.0	0.88	-0.53	-0.56	0.92	0.98	0.86	0.8	0.65	0.42	0.56	0.72	0.65	0.22	0.68	0.72	0.84	-0.44	-0.37	-0.63		0.71	0.29	-0.39	0.81
Property Plant And Equipment Gross	0.36	0.69	0.7	-0.53	-0.55	0.56	0.62	0.67	0.92	0.39	0.82	0.91	0.59	0.39	-0.35	0.64	0.51	0.9	-0.43	-0.19	-0.72	0.71		-0.25	-0.03	0.59
Total Current Assets	0.48	0.32	-0.05	-0.21	-0.21	0.48	0.39	0.02	-0.07	0.12	-0.62	-0.54	-0.01	0.75	0.97	-0.04	0.32	0.05	-0.39	-0.09	0.2	0.29	-0.25		-0.69	0.34
Short Term Debt	-0.83	-0.43	0.04	0.52	0.56	-0.64	-0.5	0.03	-0.01	-0.34	0.22	0.16	-0.43	-0.62	-0.75	-0.54	-0.54	-0.37	0.28	0.68	0.39	-0.39	-0.03	-0.69		-0.73
Common Stock	0.95	0.83	0.51	-0.62	-0.67	0.91	0.86	0.48	0.61	0.59	0.39	0.49	0.74	0.61	0.35	0.89	0.69	0.83	-0.33	-0.73	-0.82	0.81	0.59	0.34	-0.73

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Hawaiian Electric Account Relationship Matchups

Hawaiian Electric fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	109.4M	109.4M	109.6M	109.8M	110.0M	84.7M
Total Assets	13.7B	15.0B	15.8B	16.3B	17.7B	11.3B
Short Long Term Debt Total	2.5B	2.5B	2.6B	3.4B	4.0B	2.2B
Other Current Liab	24.9M	23.5M	19.9M	21.3M	51.2M	48.6M
Total Current Liabilities	431.3M	335.3M	279.4M	445.4M	298.7M	283.7M
Total Stockholder Equity	2.3B	2.3B	2.4B	2.2B	2.4B	1.6B
Property Plant And Equipment Net	5.3B	5.4B	5.5B	5.8B	6.2B	3.7B
Net Debt	2.3B	2.2B	2.3B	3.2B	3.3B	1.9B
Retained Earnings	622.0M	660.4M	757.9M	845.8M	926.7M	973.1M
Accounts Payable	220.6M	182.3M	205.5M	251.5M	247.5M	184.3M
Cash	196.8M	341.4M	305.6M	199.9M	694.6M	729.3M
Non Current Assets Total	6.9B	7.1B	7.4B	8.2B	16.4B	17.2B
Non Currrent Assets Other	649.9M	629.1M	747.5M	1.0B	1.2B	836.8M
Cash And Short Term Investments	1.4B	2.3B	2.9B	1.6B	696.0M	794.7M
Net Receivables	5.4B	5.5B	5.5B	6.4B	575.2M	546.4M
Common Stock Total Equity	1.7B	1.7B	1.7B	1.7B	1.9B	1.1B
Liabilities And Stockholders Equity	13.7B	15.0B	15.8B	16.3B	17.7B	11.3B
Non Current Liabilities Total	11.0B	12.3B	13.2B	13.6B	15.0B	15.7B
Inventory	(416.8M)	(307.2M)	(411.8M)	(824K)	(86K)	(90.3K)
Other Current Assets	460.0M	324.8M	428.2M	5.9M	98.7M	93.8M
Total Liab	11.5B	12.7B	13.4B	14.1B	15.3B	9.6B
Property Plant And Equipment Gross	5.3B	5.4B	8.4B	5.8B	9.6B	10.0B
Total Current Assets	6.8B	7.9B	8.4B	8.1B	1.3B	1.2B
Accumulated Other Comprehensive Income	(20.0M)	(1.3M)	(52.5M)	(336.0M)	(289.4M)	(303.8M)
Short Term Debt	185.7M	129.4M	54.0M	172.6M	442.9M	389.5M
Common Stock	1.7B	1.7B	1.7B	1.7B	1.7B	1.6B
Other Liab	4.9B	5.4B	5.6B	5.4B	6.2B	6.5B
Other Assets	1.5B	1.5B	1.4B	1K	16.1B	16.9B
Long Term Debt	2.0B	2.1B	2.3B	3.1B	3.6B	2.2B
Property Plant Equipment	5.1B	5.3B	5.4B	5.8B	6.7B	3.8B
Short Term Investments	1.2B	2.0B	2.6B	1.4B	1.4M	1.3M
Retained Earnings Total Equity	543.6M	622.0M	660.4M	757.9M	871.6M	915.2M
Deferred Long Term Liab	379.3M	395.1M	384.8M	190.2M	218.8M	368.4M
Net Tangible Assets	2.2B	2.3B	2.3B	2.1B	2.4B	2.3B
Long Term Debt Total	2.0B	2.1B	2.3B	2.3B	2.6B	2.1B

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When determining whether Hawaiian Electric is a strong investment it is important to analyze Hawaiian Electric's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Hawaiian Electric's future performance. For an informed investment choice regarding Hawaiian Stock, refer to the following important reports:

How To Invest In Hawaiian

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Is Hawaiian Stock a good investment?

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What is Hawaiian Electric's Net Worth?

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Largest Electric Utilities Companies

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Largest Utilities - Regulated Electric Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hawaiian Electric Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

Note that the Hawaiian Electric information on this page should be used as a complementary analysis to other Hawaiian Electric's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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When running Hawaiian Electric's price analysis, check to measure Hawaiian Electric'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 Hawaiian Electric is operating at the current time. Most of Hawaiian Electric's value examination focuses on studying past and present price action to predict the probability of Hawaiian Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hawaiian Electric's price. Additionally, you may evaluate how the addition of Hawaiian Electric to your portfolios can decrease your overall portfolio volatility.

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Is Hawaiian Electric'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 Hawaiian Electric. If investors know Hawaiian 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 Hawaiian Electric 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

(0.24)

Dividend Share

0.72

Earnings Share

1.69

Revenue Per Share

33.217

Quarterly Revenue Growth

(0.03)

The market value of Hawaiian Electric is measured differently than its book value, which is the value of Hawaiian that is recorded on the company's balance sheet. Investors also form their own opinion of Hawaiian Electric's value that differs from its market value or its book value, called intrinsic value, which is Hawaiian Electric'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 Hawaiian Electric's market value can be influenced by many factors that don't directly affect Hawaiian Electric'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 Hawaiian Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hawaiian Electric is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hawaiian Electric'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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Hawaiian Operating Income vs Total Operating Expenses Analysis

Operating Income vs Total Operating Expenses

Operating Income vs Total Operating Expenses Correlation Analysis

Correlation Coefficient

Operating Income

Total Operating Expenses

Hawaiian Electric fundamental ratios Correlations

Hawaiian Electric Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hawaiian Electric fundamental ratios Accounts

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

Complementary Tools for Hawaiian Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Other Current Liab
Property Plant And Equipment Net	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.98	Property Plant And Equipment Net
Property Plant And Equipment Net	+ 0.97	Total Stockholder Equity

Other Stockholder Equity	- 0.98	Good Will
Common Stock Total Equity	- 0.93	Total Current Liabilities
Common Stock Total Equity	- 0.93	Other Current Liab
Short Term Debt	- 0.83	Common Stock Shares Outstanding
Common Stock	- 0.82	Other Stockholder Equity
Other Current Assets	- 0.82	Good Will