Heritage Operating Income vs Total Revenue Analysis

HGBL Stock

USD 1.60 0.03 1.84%

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

For more information on how to buy Heritage Stock please use our How to buy in Heritage Stock guide.

Operating Income vs Total Revenue

Operating Income vs Total Revenue Correlation Analysis

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

The correlation between Heritage Global's Operating Income and Total Revenue is 0.85. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Heritage Global, assuming nothing else is changed. The correlation between historical values of Heritage Global's Operating Income and Total Revenue 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 Heritage Global are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Operating Income i.e., Heritage Global's Operating Income and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Heritage Global 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 Heritage Global 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 Revenue

Total revenue comprises all receipts Heritage Global generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

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

For more information on how to buy Heritage Stock please use our How to buy in Heritage Stock guide.Enterprise Value is expected to rise to about 104.5 M this year, although the value of Selling General Administrative will most likely fall to about 6.2 M.

	2021	2022	2023	2024 (projected)
Gross Profit	18.4M	26.0M	39.3M	41.3M
Total Revenue	25.8M	46.9M	60.5M	63.6M

Gross Profit Total Revenue

Heritage Global 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	Common Stock Total Equity	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Short Term Investments
Common Stock Shares Outstanding		0.0	0.04	-0.14	0.06	-0.01	0.65	-0.24	0.38	0.42	0.26	-0.11	-0.18	0.26	0.26	0.21	-0.18	0.01	-0.12	0.05	0.63	0.22	-0.07	-0.13	0.1	0.06
Total Assets	0.0		0.78	0.3	0.74	0.98	0.49	-0.2	-0.16	0.06	0.63	0.96	0.8	0.63	0.52	0.47	0.48	0.73	0.25	0.68	0.52	0.85	0.56	0.14	0.48	0.26
Short Long Term Debt Total	0.04	0.78		0.05	0.6	0.73	0.48	0.3	0.13	-0.19	0.24	0.82	0.77	0.24	0.44	0.12	0.74	0.65	-0.07	0.69	0.5	0.53	0.73	0.25	0.11	0.03
Other Current Liab	-0.14	0.3	0.05		0.38	0.25	0.17	-0.52	-0.26	-0.03	0.55	0.16	0.47	0.55	-0.08	0.29	-0.1	0.55	0.14	0.44	0.19	0.5	-0.27	0.04	0.29	0.46
Total Current Liabilities	0.06	0.74	0.6	0.38		0.64	0.39	-0.32	-0.49	0.45	0.65	0.64	0.53	0.65	0.65	0.68	0.22	0.53	0.52	0.87	0.4	0.77	0.5	0.59	0.72	0.52
Total Stockholder Equity	-0.01	0.98	0.73	0.25	0.64		0.45	-0.2	-0.11	0.02	0.6	0.96	0.74	0.6	0.5	0.41	0.45	0.67	0.22	0.54	0.47	0.81	0.57	0.03	0.42	0.19
Property Plant And Equipment Net	0.65	0.49	0.48	0.17	0.39	0.45		-0.21	0.31	0.28	0.48	0.36	0.4	0.48	0.37	0.18	0.02	0.64	-0.22	0.5	1.0	0.64	-0.01	-0.18	0.13	0.37
Net Debt	-0.24	-0.2	0.3	-0.52	-0.32	-0.2	-0.21		0.26	-0.6	-0.85	0.04	0.11	-0.85	-0.21	-0.45	0.55	-0.09	-0.3	-0.15	-0.21	-0.62	0.31	0.15	-0.48	-0.4
Retained Earnings	0.38	-0.16	0.13	-0.26	-0.49	-0.11	0.31	0.26		-0.3	-0.2	-0.13	-0.04	-0.2	-0.2	-0.77	0.13	-0.05	-0.93	-0.33	0.3	-0.19	-0.08	-0.61	-0.83	-0.39
Accounts Payable	0.42	0.06	-0.19	-0.03	0.45	0.02	0.28	-0.6	-0.3		0.5	-0.1	-0.36	0.5	0.64	0.46	-0.5	-0.25	0.38	0.21	0.25	0.35	-0.03	0.25	0.51	0.27
Cash	0.26	0.63	0.24	0.55	0.65	0.6	0.48	-0.85	-0.2	0.5		0.41	0.31	1.0	0.45	0.52	-0.15	0.45	0.26	0.53	0.48	0.92	0.08	-0.01	0.55	0.42
Non Current Assets Total	-0.11	0.96	0.82	0.16	0.64	0.96	0.36	0.04	-0.13	-0.1	0.41		0.82	0.41	0.46	0.37	0.63	0.66	0.22	0.59	0.38	0.68	0.66	0.18	0.38	0.11
Non Currrent Assets Other	-0.18	0.8	0.77	0.47	0.53	0.74	0.4	0.11	-0.04	-0.36	0.31	0.82		0.31	0.12	0.19	0.68	0.88	0.0	0.72	0.43	0.58	0.31	0.15	0.18	0.19
Cash And Short Term Investments	0.26	0.63	0.24	0.55	0.65	0.6	0.48	-0.85	-0.2	0.5	1.0	0.41	0.31		0.45	0.52	-0.15	0.45	0.26	0.53	0.48	0.92	0.08	-0.01	0.55	0.42
Net Receivables	0.26	0.52	0.44	-0.08	0.65	0.5	0.37	-0.21	-0.2	0.64	0.45	0.46	0.12	0.45		0.45	0.01	0.04	0.34	0.42	0.36	0.52	0.57	0.38	0.48	0.16
Common Stock Total Equity	0.21	0.47	0.12	0.29	0.68	0.41	0.18	-0.45	-0.77	0.46	0.52	0.37	0.19	0.52	0.45		-0.06	0.26	0.9	0.5	0.19	0.54	0.22	0.5	0.99	0.46
Non Current Liabilities Total	-0.18	0.48	0.74	-0.1	0.22	0.45	0.02	0.55	0.13	-0.5	-0.15	0.63	0.68	-0.15	0.01	-0.06		0.41	-0.1	0.42	0.04	0.09	0.57	0.34	-0.09	-0.43
Other Current Assets	0.01	0.73	0.65	0.55	0.53	0.67	0.64	-0.09	-0.05	-0.25	0.45	0.66	0.88	0.45	0.04	0.26	0.41		-0.02	0.73	0.67	0.7	0.09	0.01	0.25	0.45
Other Stockholder Equity	-0.12	0.25	-0.07	0.14	0.52	0.22	-0.22	-0.3	-0.93	0.38	0.26	0.22	0.0	0.26	0.34	0.9	-0.1	-0.02		0.28	-0.22	0.25	0.23	0.59	0.92	0.31
Total Liab	0.05	0.68	0.69	0.44	0.87	0.54	0.5	-0.15	-0.33	0.21	0.53	0.59	0.72	0.53	0.42	0.5	0.42	0.73	0.28		0.52	0.7	0.3	0.55	0.51	0.43
Property Plant And Equipment Gross	0.63	0.52	0.5	0.19	0.4	0.47	1.0	-0.21	0.3	0.25	0.48	0.38	0.43	0.48	0.36	0.19	0.04	0.67	-0.22	0.52		0.65	-0.01	-0.17	0.14	0.38
Total Current Assets	0.22	0.85	0.53	0.5	0.77	0.81	0.64	-0.62	-0.19	0.35	0.92	0.68	0.58	0.92	0.52	0.54	0.09	0.7	0.25	0.7	0.65		0.25	0.04	0.56	0.47
Short Term Debt	-0.07	0.56	0.73	-0.27	0.5	0.57	-0.01	0.31	-0.08	-0.03	0.08	0.66	0.31	0.08	0.57	0.22	0.57	0.09	0.23	0.3	-0.01	0.25		0.39	0.23	-0.14
Intangible Assets	-0.13	0.14	0.25	0.04	0.59	0.03	-0.18	0.15	-0.61	0.25	-0.01	0.18	0.15	-0.01	0.38	0.5	0.34	0.01	0.59	0.55	-0.17	0.04	0.39		0.52	0.07
Common Stock	0.1	0.48	0.11	0.29	0.72	0.42	0.13	-0.48	-0.83	0.51	0.55	0.38	0.18	0.55	0.48	0.99	-0.09	0.25	0.92	0.51	0.14	0.56	0.23	0.52		0.48
Short Term Investments	0.06	0.26	0.03	0.46	0.52	0.19	0.37	-0.4	-0.39	0.27	0.42	0.11	0.19	0.42	0.16	0.46	-0.43	0.45	0.31	0.43	0.38	0.47	-0.14	0.07	0.48

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Heritage Global Account Relationship Matchups

Heritage Global fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	29.3M	32.7M	36.9M	37.1M	37.6M	20.4M
Total Assets	21.9M	44.6M	50.5M	67.6M	83.2M	87.3M
Short Long Term Debt Total	2.0M	1.0M	6.6M	7.1M	9.9M	10.4M
Other Current Liab	8.1M	12.4M	4.1M	(279K)	10.1M	10.6M
Total Current Liabilities	9.1M	14.0M	14.2M	16.2M	14.7M	15.6M
Total Stockholder Equity	11.8M	29.9M	32.6M	48.3M	61.1M	64.1M
Property Plant And Equipment Net	1.7M	1.1M	4.2M	4.3M	4.2M	2.7M
Net Debt	(771K)	(22.4M)	(7.0M)	(5.5M)	(2.4M)	(2.3M)
Retained Earnings	(273.5M)	(263.8M)	(260.8M)	(245.3M)	(233.0M)	(244.7M)
Accounts Payable	4.8M	9.4M	6.5M	12.1M	159K	151.1K
Cash	2.7M	23.4M	13.6M	12.7M	12.3M	12.9M
Non Current Assets Total	15.1M	17.6M	27.2M	43.7M	56.9M	59.7M
Non Currrent Assets Other	1.6M	998K	1.8M	4.3M	20.1M	21.1M
Cash And Short Term Investments	2.7M	23.4M	13.6M	12.7M	12.3M	12.9M
Net Receivables	3.2M	2.8M	2.7M	5.5M	1.9M	1.8M
Liabilities And Stockholders Equity	21.9M	44.6M	50.5M	67.6M	83.2M	87.3M
Non Current Liabilities Total	977K	623K	3.6M	3.0M	7.4M	6.8M
Other Current Assets	784K	498K	3.7M	1.1M	7.0M	7.4M
Other Stockholder Equity	285.1M	293.4M	293.0M	293.2M	293.7M	195.9M
Total Liab	10.1M	14.6M	17.8M	19.3M	22.1M	23.5M
Property Plant And Equipment Gross	1.7M	1.1M	4.3M	4.3M	4.6M	2.9M
Total Current Assets	6.8M	27.0M	23.3M	23.9M	26.3M	27.6M
Short Term Debt	980K	760K	3.5M	4.1M	3.3M	3.1M
Intangible Assets	3.4M	3.1M	4.6M	4.1M	3.8M	3.2M
Current Deferred Revenue	(4.8M)	(9.4M)	407K	279K	497K	344.0K
Inventory	104K	235K	3.2M	4.6M	5.1M	5.3M
Other Assets	2.0M	8.8M	6.3M	13.8M	1.0	0.95
Long Term Debt	438K	35K	1.4M	871K	5.5M	10.3M
Property Plant Equipment	1.7M	1.1M	4.2M	1.6M	1.4M	1.3M
Net Tangible Assets	2.9M	21.2M	20.6M	36.7M	42.2M	44.3M
Long Term Investments	2.5M	2.4M	4.7M	18.2M	21.4M	22.4M
Short Long Term Debt	1.2M	403K	2.5M	3.4M	1.7M	1.9M

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When determining whether Heritage Global is a strong investment it is important to analyze Heritage Global'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 Heritage Global's future performance. For an informed investment choice regarding Heritage Stock, refer to the following important reports:

How To Invest In Heritage

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Is Heritage Stock a good investment?

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What is Heritage Global's Net Worth?

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Largest Asset Management & Custody Banks Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heritage Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy Heritage Stock please use our How to buy in Heritage Stock guide.

You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

Is Asset Management & Custody Banks 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 Heritage Global. If investors know Heritage 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 Heritage Global 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

(0.41)

Earnings Share

0.3

Revenue Per Share

1.361

Quarterly Revenue Growth

(0.33)

Return On Assets

0.066

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

Operating Income vs Total Revenue

Operating Income vs Total Revenue Correlation Analysis

Correlation Coefficient

Operating Income

Total Revenue

Heritage Global fundamental ratios Correlations

Heritage Global Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Heritage Global fundamental ratios Accounts

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

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 0.99	Common Stock Total Equity
Total Stockholder Equity	+ 0.98	Total Assets
Non Current Assets Total	+ 0.96	Total Assets
Non Current Assets Total	+ 0.96	Total Stockholder Equity

Other Stockholder Equity	- 0.93	Retained Earnings
Cash And Short Term Investments	- 0.85	Net Debt
Cash	- 0.85	Net Debt
Common Stock	- 0.83	Retained Earnings
Common Stock Total Equity	- 0.77	Retained Earnings
Total Current Assets	- 0.62	Net Debt