Park Operating Income vs Ebit Analysis

PKE Stock  USD 14.07  0.17  1.19%   
Park Electrochemical financial indicator trend analysis is much more than just breaking down Park Electrochemical prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Park Electrochemical is a good investment. Please check the relationship between Park Electrochemical Operating Income and its Ebit accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Park Electrochemical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
For information on how to trade Park Stock refer to our How to Trade Park Stock guide.

Operating Income vs Ebit

Operating Income vs Ebit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Park Electrochemical Operating Income account and Ebit. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Park Electrochemical's Operating Income and Ebit is 0.88. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Ebit in the same time period over historical financial statements of Park Electrochemical, assuming nothing else is changed. The correlation between historical values of Park Electrochemical's Operating Income and Ebit 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 Park Electrochemical are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Operating Income i.e., Park Electrochemical's Operating Income and Ebit go up and down completely randomly.

Correlation Coefficient

0.88
Relationship DirectionPositive 
Relationship StrengthStrong

Operating Income

Operating Income is the amount of profit realized from Park Electrochemical 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 Park Electrochemical 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.

Ebit

Most indicators from Park Electrochemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Park Electrochemical 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Park Electrochemical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
For information on how to trade Park Stock refer to our How to Trade Park Stock guide.At present, Park Electrochemical's Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 153.7 M, whereas Discontinued Operations is projected to grow to (358.3 K).
 2021 2022 2023 2024 (projected)
Gross Profit17.9M16.5M16.5M15.7M
Total Revenue53.6M54.1M56.0M53.2M

Park Electrochemical fundamental ratios Correlations

0.90.060.570.790.28-0.60.710.790.710.890.970.650.510.720.730.370.470.740.061.00.89-0.080.370.750.36
0.9-0.010.630.520.24-0.40.520.710.680.930.870.650.270.910.740.150.230.920.060.890.830.110.150.690.14
0.06-0.010.680.070.09-0.120.310.05-0.04-0.06-0.020.05-0.25-0.170.220.28-0.2-0.07-0.090.060.210.44-0.32-0.12-0.33
0.570.630.680.290.27-0.240.350.420.430.450.520.40.140.510.60.220.120.60.080.560.660.240.010.420.0
0.790.520.070.290.56-0.50.820.50.70.610.830.670.540.20.680.660.430.220.310.780.75-0.170.410.60.4
0.280.240.090.270.560.140.43-0.070.750.250.350.630.11-0.030.590.47-0.110.010.770.240.50.140.00.220.01
-0.6-0.4-0.12-0.24-0.50.14-0.46-0.92-0.03-0.38-0.61-0.08-0.38-0.33-0.11-0.12-0.43-0.340.36-0.64-0.40.17-0.28-0.4-0.27
0.710.520.310.350.820.43-0.460.470.530.630.650.590.030.150.680.710.00.180.180.70.790.37-0.090.28-0.11
0.790.710.050.420.5-0.07-0.920.470.260.650.780.290.390.670.340.010.410.68-0.290.820.6-0.110.270.560.25
0.710.68-0.040.430.70.75-0.030.530.260.750.720.730.380.480.710.380.230.50.530.660.73-0.050.270.60.26
0.890.93-0.060.450.610.25-0.380.630.650.750.850.680.240.790.710.230.20.790.060.880.770.10.150.660.13
0.970.87-0.020.520.830.35-0.610.650.780.720.850.690.570.70.730.340.490.720.090.980.85-0.170.430.790.41
0.650.650.050.40.670.63-0.080.590.290.730.680.690.160.450.910.28-0.020.470.390.630.70.180.050.460.05
0.510.27-0.250.140.540.11-0.380.030.390.380.240.570.160.260.130.130.960.260.120.510.27-0.860.960.70.96
0.720.91-0.170.510.2-0.03-0.330.150.670.480.790.70.450.260.49-0.240.250.99-0.150.720.58-0.040.180.620.17
0.730.740.220.60.680.59-0.110.680.340.710.710.730.910.130.490.46-0.010.530.320.720.830.28-0.010.51-0.02
0.370.150.280.220.660.47-0.120.710.010.380.230.340.280.13-0.240.460.09-0.190.320.350.440.160.070.320.06
0.470.23-0.20.120.43-0.11-0.430.00.410.230.20.49-0.020.960.25-0.010.090.25-0.030.480.2-0.850.950.630.95
0.740.92-0.070.60.220.01-0.340.180.680.50.790.720.470.260.990.53-0.190.25-0.130.740.620.00.170.630.16
0.060.06-0.090.080.310.770.360.18-0.290.530.060.090.390.12-0.150.320.32-0.03-0.130.020.270.020.170.00.17
1.00.890.060.560.780.24-0.640.70.820.660.880.980.630.510.720.720.350.480.740.020.88-0.090.380.750.36
0.890.830.210.660.750.5-0.40.790.60.730.770.850.70.270.580.830.440.20.620.270.880.220.10.50.08
-0.080.110.440.24-0.170.140.170.37-0.11-0.050.1-0.170.18-0.86-0.040.280.16-0.850.00.02-0.090.22-0.91-0.41-0.92
0.370.15-0.320.010.410.0-0.28-0.090.270.270.150.430.050.960.18-0.010.070.950.170.170.380.1-0.910.591.0
0.750.69-0.120.420.60.22-0.40.280.560.60.660.790.460.70.620.510.320.630.630.00.750.5-0.410.590.59
0.360.14-0.330.00.40.01-0.27-0.110.250.260.130.410.050.960.17-0.020.060.950.160.170.360.08-0.921.00.59
Click cells to compare fundamentals

Park Electrochemical Account Relationship Matchups

Park Electrochemical fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets171.8M163.5M160.9M159.3M132.3M125.7M
Other Current Liab3.8M1.7M1.4M21.8M1.9M1.8M
Total Current Liabilities8.7M8.0M6.3M28.6M9.7M9.2M
Total Stockholder Equity141.7M135.9M135.6M115.9M112.9M190.1M
Property Plant And Equipment Net16.5M21.2M24.5M24.4M23.6M41.9M
Net Debt(121.9M)(116.4M)(110.1M)(105.3M)(6.4M)(6.8M)
Retained Earnings(21.8M)(25.1M)(24.8M)(42.7M)(45.4M)(43.1M)
Cash122.4M116.5M110.4M105.4M6.6M6.2M
Non Current Assets Total26.6M31.2M34.4M34.3M33.5M48.1M
Non Currrent Assets Other268K141K122K(1.9M)94K89.3K
Cash And Short Term Investments122.4M116.5M110.4M105.4M77.2M146.5M
Net Receivables10.9M7.6M8.3M10.0M12.4M24.6M
Common Stock Shares Outstanding20.6M20.5M20.6M20.5M20.4M20.4M
Liabilities And Stockholders Equity171.8M163.5M160.9M159.3M132.3M125.7M
Non Current Liabilities Total21.4M19.6M19.0M14.8M9.7M9.3M
Inventory6.4M4.8M4.7M6.8M6.4M11.3M
Other Current Assets5.5M6.7M6.2M2.8M2.8M2.7M
Other Stockholder Equity160.7M159.2M160.3M160.8M158.5M122.4M
Total Liab30.1M27.6M25.3M43.4M19.4M18.4M
Property Plant And Equipment Gross16.5M21.2M24.5M24.4M49.4M42.4M
Total Current Assets145.2M132.3M126.4M125.0M98.8M93.9M
Accumulated Other Comprehensive Income668K(336K)(2.0M)(4.2M)(2.3M)(2.4M)
Accounts Payable4.7M3.3M2.5M4.5M3.5M3.3M
Short Term Investments116.9M74.9M97.6M101.2M70.6M103.6M
Other Liab18.7M21.1M19.5M18.8M21.6M16.7M
Other Assets268K141K122K108K124.2K118.0K
Treasury Stock(14.9M)(9.9M)(9.2M)(10.8M)(12.4M)(13.0M)
Property Plant Equipment16.1M21.2M24.5M24.4M22.0M40.9M
Intangible Assets28K21K14K7K6.3K6.0K
Net Tangible Assets149.2M141.7M126.1M125.8M113.3M146.9M
Capital Surpluse169.9M170.0M169.7M169.9M195.4M183.3M
Non Current Liabilities Other20.6M4.4M4.5M1.8M1.2M1.1M

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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 Park Electrochemical is a strong investment it is important to analyze Park Electrochemical'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 Park Electrochemical's future performance. For an informed investment choice regarding Park Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Park Electrochemical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
For information on how to trade Park Stock refer to our How to Trade Park Stock guide.
You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Is Aerospace & Defense 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 Park Electrochemical. If investors know Park 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 Park Electrochemical 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
0.16
Dividend Share
0.5
Earnings Share
0.34
Revenue Per Share
2.898
Quarterly Revenue Growth
0.339
The market value of Park Electrochemical is measured differently than its book value, which is the value of Park that is recorded on the company's balance sheet. Investors also form their own opinion of Park Electrochemical's value that differs from its market value or its book value, called intrinsic value, which is Park Electrochemical'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 Park Electrochemical's market value can be influenced by many factors that don't directly affect Park Electrochemical'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 Park Electrochemical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Park Electrochemical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Park Electrochemical'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.