Alto Operating Income vs Income Before Tax Analysis

ALTO Stock

USD 1.45 0.02 1.36%

Alto Ingredients financial indicator trend analysis is way more than just evaluating Alto Ingredients prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alto Ingredients is a good investment. Please check the relationship between Alto Ingredients Operating Income and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alto Ingredients. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Alto Stock, please use our How to Invest in Alto Ingredients guide.

Operating Income vs Income Before Tax

Operating Income vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alto Ingredients Operating Income account and Income Before Tax. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Alto Ingredients' Operating Income and Income Before Tax is 0.88. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Alto Ingredients, assuming nothing else is changed. The correlation between historical values of Alto Ingredients' Operating Income and Income Before Tax 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 Alto Ingredients are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Operating Income i.e., Alto Ingredients' Operating Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Alto Ingredients 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 Alto Ingredients 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.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Alto Ingredients income statement and is an important metric when analyzing Alto Ingredients profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Most indicators from Alto Ingredients' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alto Ingredients 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 Alto Ingredients. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Alto Stock, please use our How to Invest in Alto Ingredients guide.At this time, Alto Ingredients' Tax Provision is very stable compared to the past year. As of the 19th of December 2024, Sales General And Administrative To Revenue is likely to grow to 2.66, while Selling General Administrative is likely to drop about 21.5 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	29.2M	8.9M	32.7M	20.3M
Cost Of Revenue	1.1B	1.4B	1.2B	882.3M

Total Operating Expenses Cost Of Revenue

Alto Ingredients fundamental ratios Correlations

	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	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Inventory	Intangible Assets
Total Assets		0.82	0.28	0.73	0.9	0.97	0.66	-0.56	0.92	0.66	0.97	0.38	0.66	0.92	-0.54	0.54	0.76	0.1	0.79	0.9	0.82	0.89	0.49	-0.54	0.93	-0.49
Short Long Term Debt Total	0.82		0.04	0.71	0.51	0.89	0.96	-0.36	0.77	0.21	0.88	0.03	0.21	0.65	-0.39	0.16	0.9	-0.24	0.47	0.98	0.73	0.57	0.59	-0.4	0.68	-0.52
Other Current Liab	0.28	0.04		0.39	0.37	0.09	0.0	-0.73	0.17	0.13	0.12	0.61	0.14	0.35	-0.04	0.85	-0.02	0.74	0.55	0.19	0.28	0.56	0.12	-0.02	0.51	0.21
Total Current Liabilities	0.73	0.71	0.39		0.55	0.72	0.67	-0.47	0.82	0.19	0.72	0.24	0.2	0.6	-0.37	0.47	0.37	0.13	0.54	0.8	0.62	0.62	0.92	-0.37	0.7	-0.3
Total Stockholder Equity	0.9	0.51	0.37	0.55		0.81	0.29	-0.54	0.81	0.85	0.83	0.57	0.85	0.9	-0.52	0.67	0.5	0.32	0.83	0.64	0.7	0.91	0.27	-0.52	0.9	-0.36
Property Plant And Equipment Net	0.97	0.89	0.09	0.72	0.81		0.75	-0.43	0.93	0.55	1.0	0.22	0.55	0.84	-0.51	0.39	0.8	-0.08	0.66	0.92	0.85	0.74	0.54	-0.51	0.85	-0.48
Net Debt	0.66	0.96	0.0	0.67	0.29	0.75		-0.28	0.64	-0.05	0.74	-0.1	-0.05	0.49	-0.26	0.03	0.83	-0.33	0.32	0.91	0.61	0.39	0.62	-0.27	0.54	-0.43
Retained Earnings	-0.56	-0.36	-0.73	-0.47	-0.54	-0.43	-0.28		-0.42	-0.31	-0.46	-0.5	-0.32	-0.57	0.37	-0.77	-0.33	-0.53	-0.85	-0.47	-0.56	-0.67	-0.23	0.35	-0.65	0.21
Accounts Payable	0.92	0.77	0.17	0.82	0.81	0.93	0.64	-0.42		0.52	0.93	0.19	0.52	0.86	-0.53	0.49	0.61	-0.07	0.64	0.85	0.8	0.73	0.65	-0.53	0.87	-0.34
Cash	0.66	0.21	0.13	0.19	0.85	0.55	-0.05	-0.31	0.52		0.56	0.46	1.0	0.66	-0.5	0.44	0.32	0.3	0.62	0.32	0.43	0.73	-0.03	-0.5	0.56	-0.41
Non Current Assets Total	0.97	0.88	0.12	0.72	0.83	1.0	0.74	-0.46	0.93	0.56		0.25	0.56	0.85	-0.51	0.42	0.8	-0.04	0.68	0.92	0.86	0.75	0.53	-0.51	0.86	-0.47
Non Currrent Assets Other	0.38	0.03	0.61	0.24	0.57	0.22	-0.1	-0.5	0.19	0.46	0.25		0.47	0.43	-0.08	0.59	0.01	0.81	0.58	0.14	0.17	0.59	0.06	-0.08	0.43	-0.31
Cash And Short Term Investments	0.66	0.21	0.14	0.2	0.85	0.55	-0.05	-0.32	0.52	1.0	0.56	0.47		0.65	-0.5	0.46	0.32	0.3	0.62	0.32	0.45	0.73	-0.03	-0.5	0.56	-0.39
Net Receivables	0.92	0.65	0.35	0.6	0.9	0.84	0.49	-0.57	0.86	0.66	0.85	0.43	0.65		-0.49	0.6	0.64	0.08	0.81	0.76	0.69	0.91	0.32	-0.48	0.93	-0.43
Common Stock Total Equity	-0.54	-0.39	-0.04	-0.37	-0.52	-0.51	-0.26	0.37	-0.53	-0.5	-0.51	-0.08	-0.5	-0.49		-0.26	-0.38	0.0	-0.49	-0.45	-0.47	-0.5	-0.24	1.0	-0.44	0.42
Common Stock Shares Outstanding	0.54	0.16	0.85	0.47	0.67	0.39	0.03	-0.77	0.49	0.44	0.42	0.59	0.46	0.6	-0.26		0.13	0.62	0.68	0.32	0.62	0.69	0.14	-0.24	0.72	0.18
Non Current Liabilities Total	0.76	0.9	-0.02	0.37	0.5	0.8	0.83	-0.33	0.61	0.32	0.8	0.01	0.32	0.64	-0.38	0.13		-0.28	0.45	0.86	0.68	0.55	0.19	-0.39	0.62	-0.48
Other Current Assets	0.1	-0.24	0.74	0.13	0.32	-0.08	-0.33	-0.53	-0.07	0.3	-0.04	0.81	0.3	0.08	0.0	0.62	-0.28		0.44	-0.11	0.04	0.38	-0.01	0.0	0.2	0.03
Other Stockholder Equity	0.79	0.47	0.55	0.54	0.83	0.66	0.32	-0.85	0.64	0.62	0.68	0.58	0.62	0.81	-0.49	0.68	0.45	0.44		0.6	0.57	0.88	0.29	-0.47	0.83	-0.44
Total Liab	0.9	0.98	0.19	0.8	0.64	0.92	0.91	-0.47	0.85	0.32	0.92	0.14	0.32	0.76	-0.45	0.32	0.86	-0.11	0.6		0.77	0.71	0.63	-0.45	0.79	-0.5
Property Plant And Equipment Gross	0.82	0.73	0.28	0.62	0.7	0.85	0.61	-0.56	0.8	0.43	0.86	0.17	0.45	0.69	-0.47	0.62	0.68	0.04	0.57	0.77		0.6	0.4	-0.45	0.76	-0.12
Total Current Assets	0.89	0.57	0.56	0.62	0.91	0.74	0.39	-0.67	0.73	0.73	0.75	0.59	0.73	0.91	-0.5	0.69	0.55	0.38	0.88	0.71	0.6		0.31	-0.49	0.9	-0.44
Short Term Debt	0.49	0.59	0.12	0.92	0.27	0.54	0.62	-0.23	0.65	-0.03	0.53	0.06	-0.03	0.32	-0.24	0.14	0.19	-0.01	0.29	0.63	0.4	0.31		-0.25	0.4	-0.33
Common Stock	-0.54	-0.4	-0.02	-0.37	-0.52	-0.51	-0.27	0.35	-0.53	-0.5	-0.51	-0.08	-0.5	-0.48	1.0	-0.24	-0.39	0.0	-0.47	-0.45	-0.45	-0.49	-0.25		-0.43	0.45
Inventory	0.93	0.68	0.51	0.7	0.9	0.85	0.54	-0.65	0.87	0.56	0.86	0.43	0.56	0.93	-0.44	0.72	0.62	0.2	0.83	0.79	0.76	0.9	0.4	-0.43		-0.24
Intangible Assets	-0.49	-0.52	0.21	-0.3	-0.36	-0.48	-0.43	0.21	-0.34	-0.41	-0.47	-0.31	-0.39	-0.43	0.42	0.18	-0.48	0.03	-0.44	-0.5	-0.12	-0.44	-0.33	0.45	-0.24

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Alto Ingredients Account Relationship Matchups

Alto Ingredients fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	612.5M	476.8M	485.0M	478.3M	454.2M	363.8M
Short Long Term Debt Total	268.4M	108.2M	63.7M	87.3M	105.5M	118.6M
Other Current Liab	42.3M	46.2M	38.5M	42.2M	35.9M	37.7M
Total Current Liabilities	160.4M	86.9M	69.6M	78.0M	65.3M	71.7M
Total Stockholder Equity	219.8M	296.2M	345.2M	308.1M	279.6M	169.5M
Property Plant And Equipment Net	356.9M	240.5M	236.0M	258.0M	271.3M	234.4M
Net Debt	249.4M	60.6M	13.0M	50.8M	75.4M	85.7M
Retained Earnings	(720.2M)	(736.6M)	(691.8M)	(734.6M)	(763.9M)	(725.7M)
Accounts Payable	29.3M	13.0M	23.3M	28.1M	20.8M	18.7M
Cash	19.0M	47.7M	50.6M	36.5M	30.0M	23.8M
Non Current Assets Total	363.9M	262.8M	255.4M	279.2M	285.5M	252.0M
Non Currrent Assets Other	4.4M	19.6M	19.5M	6.1M	5.6M	6.2M
Cash And Short Term Investments	19.0M	47.7M	50.6M	36.5M	30.0M	27.3M
Net Receivables	74.3M	43.5M	86.9M	68.7M	58.7M	38.1M
Common Stock Total Equity	56K	72K	73K	75K	67.5K	60.6K
Common Stock Shares Outstanding	47.4M	58.6M	72.2M	71.9M	73.3M	77.0M
Liabilities And Stockholders Equity	612.5M	476.8M	485.0M	478.3M	454.2M	363.8M
Non Current Liabilities Total	225.1M	93.7M	70.1M	92.2M	109.4M	122.6M
Other Current Assets	6.9M	81.1M	37.7M	27.4M	27.4M	28.8M
Other Stockholder Equity	942.3M	1.0B	1.0B	1.0B	1.0B	586.7M
Total Liab	385.5M	180.6M	139.7M	170.2M	174.7M	170.7M
Property Plant And Equipment Gross	356.9M	240.5M	236.0M	258.0M	491.5M	516.1M
Total Current Assets	248.6M	214.0M	229.5M	199.1M	168.8M	111.8M
Short Term Debt	66.5M	27.7M	7.8M	7.7M	8.7M	8.2M
Common Stock	56K	72K	73K	75K	76K	60.6K
Accumulated Other Comprehensive Income	(2.4M)	(3.9M)	(284K)	1.8M	2.5M	2.6M
Inventory	60.6M	41.8M	54.4M	66.6M	52.6M	35.2M
Current Deferred Revenue	23.4M	22.3M	11.1M	21.3M	24.5M	13.5M
Other Liab	23.1M	13.1M	10.4M	8.8M	7.9M	13.6M
Net Tangible Assets	217.1M	293.6M	345.2M	308.1M	277.3M	251.4M
Other Assets	20.9M	19.6M	19.5M	6.1M	1.0	0.95
Property Plant Equipment	356.9M	240.5M	236.0M	239.1M	215.2M	289.0M
Long Term Debt	180.8M	71.8M	50.4M	68.4M	82.1M	87.8M
Capital Lease Obligations	24.6M	10.9M	13.3M	18.9M	23.4M	14.4M
Net Invested Capital	463.6M	393.6M	395.6M	376.4M	361.7M	357.6M
Non Current Liabilities Other	23.1M	13.1M	19.8M	23.9M	8.3M	14.6M
Net Working Capital	71.7M	127.1M	159.9M	121.1M	103.5M	99.4M
Capital Stock	57K	73K	74K	76K	77K	74.1K

Pair Trading with Alto Ingredients

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 Alto Ingredients 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 Alto Ingredients will appreciate offsetting losses from the drop in the long position's value.

Moving together with Alto Stock

0.64	FF	FutureFuel Corp	Pair Corr
0.64	DNMR	Danimer Scientific	Pair Corr

Moving against Alto Stock

0.79	WTTR	Select Energy Services	Pair Corr
0.73	MTX	Minerals Technologies	Pair Corr
0.65	ECVT	Ecovyst	Pair Corr
0.65	WDFC	WD 40 Company	Pair Corr
0.64	ESI	Element Solutions	Pair Corr

The ability to find closely correlated positions to Alto Ingredients could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alto Ingredients 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 Alto Ingredients - 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 Alto Ingredients to buy it.

The correlation of Alto Ingredients 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 Alto Ingredients moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alto Ingredients 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 Alto Ingredients 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.

Pair Correlation Correlation Matching

When determining whether Alto Ingredients offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Alto Ingredients' 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 Alto Ingredients Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Alto Ingredients Stock:

How To Invest In Alto

Details

Is Alto Stock a good investment?

Details

What is Alto Ingredients' Net Worth?

Details

Largest Oil & Gas Refining & Marketing Companies

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Largest Specialty Chemicals Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alto Ingredients. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Alto Stock, please use our How to Invest in Alto Ingredients guide.

You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.

Is Oil & Gas Refining & Marketing 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 Alto Ingredients. If investors know Alto 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 Alto Ingredients 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

(0.66)

Earnings Share

(0.51)

Revenue Per Share

13.684

Quarterly Revenue Growth

(0.21)

Return On Assets

(0.03)

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

Operating Income vs Income Before Tax

Operating Income vs Income Before Tax Correlation Analysis

Correlation Coefficient

Operating Income

Income Before Tax

Alto Ingredients fundamental ratios Correlations

Alto Ingredients Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Alto Ingredients fundamental ratios Accounts

Pair Trading with Alto Ingredients

Moving together with Alto Stock

Moving against Alto Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Total Liab	+ 0.98	Short Long Term Debt Total
Property Plant And Equipment Net	+ 0.97	Total Assets
Non Current Assets Total	+ 0.97	Total Assets

Other Stockholder Equity	- 0.85	Retained Earnings
Common Stock Shares Outstanding	- 0.77	Retained Earnings
Retained Earnings	- 0.73	Other Current Liab
Total Current Assets	- 0.67	Retained Earnings
Inventory	- 0.65	Retained Earnings
Net Receivables	- 0.57	Retained Earnings