Sable Gross Profit vs Depreciation And Amortization Analysis
| SOC Stock | 20.47 0.46 2.30% |
Sable Offshore financial indicator trend analysis is much more than just breaking down Sable Offshore Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sable Offshore Corp is a good investment. Please check the relationship between Sable Offshore Gross Profit and its Depreciation And Amortization accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sable Offshore Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
Gross Profit vs Depreciation And Amortization
Gross Profit vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sable Offshore Corp Gross Profit account and Depreciation And Amortization. At this time, the significance of the direction appears to have strong relationship.
The correlation between Sable Offshore's Gross Profit and Depreciation And Amortization is 0.79. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Sable Offshore Corp, assuming nothing else is changed. The correlation between historical values of Sable Offshore's Gross Profit and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Sable Offshore Corp are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Gross Profit i.e., Sable Offshore's Gross Profit and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.79 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Sable Offshore Corp minus its cost of goods sold. It is profit before Sable Offshore 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.Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Most indicators from Sable Offshore's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sable Offshore Corp 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sable Offshore Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. The current year's Selling General Administrative is expected to grow to about 276.7 M, whereas Tax Provision is forecasted to decline to about 612.8 K.
| 2022 | 2023 | 2024 | 2025 (projected) | Other Operating Expenses | 4.9M | 414.6M | 476.8M | 500.7M | Depreciation And Amortization | 4.9K | 9.7M | 11.2M | 11.8M |
Sable Offshore fundamental ratios Correlations
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Sable Offshore Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sable Offshore fundamental ratios Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Total Assets | 288.4M | 290.9M | 63.9M | 1.6B | 1.8B | 1.9B | |
| Short Long Term Debt Total | 956.1K | 1.8M | 7.5M | 833.5M | 958.6M | 1.0B | |
| Other Current Liab | 275.5K | 3.0M | 4.0M | 103.9M | 119.4M | 125.4M | |
| Total Current Liabilities | 1.2M | 6.7M | 16.8M | 120.7M | 138.8M | 145.7M | |
| Total Stockholder Equity | 274.6M | 272.0M | 7.9M | 384.2M | 441.8M | 463.9M | |
| Net Debt | 633.3K | 1.7M | 7.2M | 533.2M | 613.1M | 643.8M | |
| Retained Earnings | (12.9M) | (18.3M) | (55.6M) | (698.3M) | (628.5M) | (597.0M) | |
| Accounts Payable | 275.5K | 1.7M | 2.9M | 16.8M | 19.3M | 20.3M | |
| Cash | 322.8K | 100.3K | 267.8K | 300.4M | 345.4M | 362.7M | |
| Non Current Assets Total | 287.6M | 290.7M | 63.6M | 1.2B | 1.4B | 1.5B | |
| Non Currrent Assets Other | 78.6K | 290.7M | 63.6M | 33.5M | 38.5M | 36.5M | |
| Cash And Short Term Investments | 322.8K | 100.3K | 267.8K | 300.4M | 345.4M | 362.7M | |
| Liabilities And Stockholders Equity | 288.4M | 290.9M | 63.9M | 1.6B | 1.8B | 1.9B | |
| Non Current Liabilities Total | 12.6M | 12.1M | 39.2M | 1.1B | 1.2B | 1.3B | |
| Other Current Assets | 521.9K | 88.2K | 96.6K | 54.9M | 63.1M | 66.3M | |
| Total Liab | 13.9M | 18.9M | 56.0M | 1.2B | 1.4B | 1.4B | |
| Total Current Assets | 844.6K | 188.5K | 364.4K | 355.3M | 408.6M | 429.0M | |
| Common Stock | 287.5M | 290.3M | 63.5M | 8K | 7.2K | 6.8K |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Sable Offshore Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Sable Offshore's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sable Offshore Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sable Offshore Corp Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sable Offshore Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Is Oil & Gas Exploration & Production space 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 Sable Offshore. If investors know Sable 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 Sable Offshore listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Sable Offshore Corp is measured differently than its book value, which is the value of Sable that is recorded on the company's balance sheet. Investors also form their own opinion of Sable Offshore's value that differs from its market value or its book value, called intrinsic value, which is Sable Offshore'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 Sable Offshore's market value can be influenced by many factors that don't directly affect Sable Offshore'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 Sable Offshore's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sable Offshore is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sable Offshore'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.