Erasca Ebit vs Operating Income Analysis

ERAS Stock

USD 2.97 0.09 2.94%

Erasca financial indicator trend analysis is much more than just examining Erasca Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Erasca Inc is a good investment. Please check the relationship between Erasca Ebit and its Operating Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erasca Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

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 Erasca Inc Ebit account and Operating Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between Erasca's Ebit and Operating Income is 0.74. 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 Erasca Inc, assuming nothing else is changed. The correlation between historical values of Erasca's 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 Erasca Inc 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., Erasca's Ebit and Operating Income go up and down completely randomly.

Correlation Coefficient

0.74

Relationship Direction	Positive
Relationship Strength	Significant

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Ebit

Operating Income

Operating Income is the amount of profit realized from Erasca Inc 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 Erasca Inc 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 Erasca's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Erasca Inc 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 Erasca Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Selling General Administrative is likely to drop to about 23.1 M in 2024. Issuance Of Capital Stock is likely to drop to 0.00 in 2024

	2021	2022	2023	2024 (projected)
Interest Income	190K	4.9M	15.4M	16.1M
Net Interest Income	190K	4.9M	15.4M	16.1M

Interest Income Net Interest Income

Erasca fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Lease Obligations	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.86	0.8	0.95	-0.2	0.94	0.93	-0.79	-0.86	0.65	0.93	0.98	0.97	0.65	1.0	0.94	0.53	0.79	-0.27	0.86	0.95	0.31	0.02	0.97	0.92	1.0
Short Long Term Debt Total	0.86		0.98	0.9	0.0	0.87	0.99	-0.43	-0.93	0.66	0.63	0.87	0.96	0.24	0.83	0.96	0.74	0.96	-0.26	1.0	0.97	0.6	0.02	0.84	0.99	0.86
Other Current Liab	0.8	0.98		0.9	-0.06	0.78	0.96	-0.37	-0.9	0.72	0.56	0.79	0.91	0.1	0.76	0.9	0.69	0.95	-0.14	0.98	0.94	0.58	0.13	0.75	0.96	0.8
Total Current Liabilities	0.95	0.9	0.9		-0.3	0.85	0.94	-0.7	-0.87	0.79	0.85	0.9	0.95	0.43	0.94	0.9	0.48	0.82	-0.11	0.9	0.95	0.33	0.19	0.88	0.93	0.96
Total Stockholder Equity	-0.2	0.0	-0.06	-0.3		0.1	-0.07	0.64	-0.21	-0.69	-0.41	-0.08	-0.1	-0.27	-0.23	-0.04	0.66	0.18	-0.03	0.0	-0.08	0.75	-0.14	-0.19	-0.04	-0.22
Net Tangible Assets	0.94	0.87	0.78	0.85	0.1		0.92	-0.6	-0.92	0.48	0.82	0.96	0.94	0.58	0.93	0.92	0.7	0.81	-0.44	0.87	0.93	0.55	-0.18	0.95	0.91	0.93
Property Plant And Equipment Net	0.93	0.99	0.96	0.94	-0.07	0.92		-0.56	-0.93	0.68	0.74	0.93	0.99	0.37	0.9	0.98	0.69	0.93	-0.29	0.99	1.0	0.53	0.0	0.91	1.0	0.92
Net Debt	-0.79	-0.43	-0.37	-0.7	0.64	-0.6	-0.56		0.38	-0.61	-0.93	-0.74	-0.65	-0.86	-0.82	-0.6	0.07	-0.29	0.27	-0.43	-0.6	0.33	0.04	-0.79	-0.54	-0.8
Retained Earnings	-0.86	-0.93	-0.9	-0.87	-0.21	-0.92	-0.93	0.38		-0.47	-0.64	-0.87	-0.93	-0.28	-0.84	-0.91	-0.84	-0.94	0.14	-0.93	-0.94	-0.73	-0.11	-0.8	-0.94	-0.86
Accounts Payable	0.65	0.66	0.72	0.79	-0.69	0.48	0.68	-0.61	-0.47		0.64	0.55	0.65	0.16	0.64	0.59	0.01	0.48	-0.19	0.66	0.66	-0.04	0.07	0.62	0.66	0.66
Cash	0.93	0.63	0.56	0.85	-0.41	0.82	0.74	-0.93	-0.64	0.64		0.88	0.82	0.81	0.95	0.75	0.21	0.5	-0.29	0.63	0.78	0.01	-0.02	0.91	0.72	0.93
Non Current Assets Total	0.98	0.87	0.79	0.9	-0.08	0.96	0.93	-0.74	-0.87	0.55	0.88		0.97	0.67	0.98	0.96	0.62	0.82	-0.36	0.87	0.96	0.38	-0.09	0.98	0.93	0.98
Non Currrent Assets Other	0.97	0.96	0.91	0.95	-0.1	0.94	0.99	-0.65	-0.93	0.65	0.82	0.97		0.49	0.95	0.99	0.66	0.9	-0.27	0.96	1.0	0.46	0.02	0.94	0.99	0.97
Other Assets	0.65	0.24	0.1	0.43	-0.27	0.58	0.37	-0.86	-0.28	0.16	0.81	0.67	0.49		0.7	0.49	0.04	0.16	-0.37	0.24	0.43	-0.25	-0.23	0.7	0.36	0.65
Cash And Short Term Investments	1.0	0.83	0.76	0.94	-0.23	0.93	0.9	-0.82	-0.84	0.64	0.95	0.98	0.95	0.7		0.91	0.48	0.75	-0.26	0.83	0.93	0.26	0.03	0.96	0.89	1.0
Common Stock Total Equity	0.94	0.96	0.9	0.9	-0.04	0.92	0.98	-0.6	-0.91	0.59	0.75	0.96	0.99	0.49	0.91		0.71	0.92	-0.32	0.96	0.99	0.48	-0.05	0.93	0.98	0.93
Common Stock Shares Outstanding	0.53	0.74	0.69	0.48	0.66	0.7	0.69	0.07	-0.84	0.01	0.21	0.62	0.66	0.04	0.48	0.71		0.85	-0.14	0.74	0.68	0.92	0.0	0.5	0.72	0.51
Short Term Investments	0.79	0.96	0.95	0.82	0.18	0.81	0.93	-0.29	-0.94	0.48	0.5	0.82	0.9	0.16	0.75	0.92	0.85		-0.09	0.96	0.92	0.7	0.16	0.73	0.94	0.78
Non Current Liabilities Total	-0.27	-0.26	-0.14	-0.11	-0.03	-0.44	-0.29	0.27	0.14	-0.19	-0.29	-0.36	-0.27	-0.37	-0.26	-0.32	-0.14	-0.09		-0.26	-0.27	-0.11	0.95	-0.5	-0.29	-0.25
Capital Lease Obligations	0.86	1.0	0.98	0.9	0.0	0.87	0.99	-0.43	-0.93	0.66	0.63	0.87	0.96	0.24	0.83	0.96	0.74	0.96	-0.26		0.97	0.6	0.02	0.84	0.99	0.86
Other Current Assets	0.95	0.97	0.94	0.95	-0.08	0.93	1.0	-0.6	-0.94	0.66	0.78	0.96	1.0	0.43	0.93	0.99	0.68	0.92	-0.27	0.97		0.5	0.03	0.92	0.99	0.95
Other Stockholder Equity	0.31	0.6	0.58	0.33	0.75	0.55	0.53	0.33	-0.73	-0.04	0.01	0.38	0.46	-0.25	0.26	0.48	0.92	0.7	-0.11	0.6	0.5		-0.03	0.29	0.55	0.3
Total Liab	0.02	0.02	0.13	0.19	-0.14	-0.18	0.0	0.04	-0.11	0.07	-0.02	-0.09	0.02	-0.23	0.03	-0.05	0.0	0.16	0.95	0.02	0.03	-0.03		-0.23	0.0	0.05
Net Invested Capital	0.97	0.84	0.75	0.88	-0.19	0.95	0.91	-0.79	-0.8	0.62	0.91	0.98	0.94	0.7	0.96	0.93	0.5	0.73	-0.5	0.84	0.92	0.29	-0.23		0.9	0.96
Property Plant And Equipment Gross	0.92	0.99	0.96	0.93	-0.04	0.91	1.0	-0.54	-0.94	0.66	0.72	0.93	0.99	0.36	0.89	0.98	0.72	0.94	-0.29	0.99	0.99	0.55	0.0	0.9		0.92
Total Current Assets	1.0	0.86	0.8	0.96	-0.22	0.93	0.92	-0.8	-0.86	0.66	0.93	0.98	0.97	0.65	1.0	0.93	0.51	0.78	-0.25	0.86	0.95	0.3	0.05	0.96	0.92

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Erasca Ebit vs Operating Income Analysis

Ebit vs Operating Income

Ebit vs Operating Income Correlation Analysis

Correlation Coefficient

Ebit

Operating Income

Erasca fundamental ratios Correlations

Erasca Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Thematic Opportunities

Explore Investment Opportunities

Additional Tools for Erasca Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Capital Lease Obligations	+ 1.0	Short Long Term Debt Total
Other Current Assets	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Other Current Assets	+ 1.0	Non Currrent Assets Other

Property Plant And Equipment Gross	- 0.94	Retained Earnings
Other Current Assets	- 0.94	Retained Earnings
Short Term Investments	- 0.94	Retained Earnings
Capital Lease Obligations	- 0.93	Retained Earnings
Non Currrent Assets Other	- 0.93	Retained Earnings
Cash	- 0.93	Net Debt