Range Operating Income vs Gross Profit Analysis

RRC Stock

USD 34.20 1.02 3.07%

Range Resources financial indicator trend analysis is much more than just breaking down Range Resources Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Range Resources Corp is a good investment. Please check the relationship between Range Resources Operating Income and its Gross Profit accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Range Resources 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 metropolitan statistical area.

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Range Resources Corp Operating Income account and Gross Profit. At this time, the significance of the direction appears to have totally related.

The correlation between Range Resources' Operating Income and Gross Profit is 0.99. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Range Resources Corp, assuming nothing else is changed. The correlation between historical values of Range Resources' Operating Income and Gross Profit 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 Range Resources Corp are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Operating Income i.e., Range Resources' Operating Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Range Resources Corp 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 Range Resources Corp 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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Range Resources Corp minus its cost of goods sold. It is profit before Range Resources 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.

Most indicators from Range Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Range Resources 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Range Resources 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 metropolitan statistical area.

At present, Range Resources' Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 5.70, whereas Selling General Administrative is forecasted to decline to about 111.7 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	184.2M	228.4M	217.9M	208.2M
Cost Of Revenue	2.0B	2.1B	1.4B	1.5B

Total Operating Expenses Cost Of Revenue

Range Resources 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	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Non Currrent Assets Other	Short Term Debt	Accounts Payable	Common Stock	Common Stock Total Equity	Short Term Investments
Total Assets		0.9	0.37	0.59	0.84	0.99	0.89	0.6	-0.19	1.0	-0.19	0.5	0.67	0.93	-0.15	0.54	-0.03	0.95	0.54	0.2	0.09	0.19	0.68	-0.09	0.64	-0.13
Short Long Term Debt Total	0.9		0.23	0.51	0.63	0.92	0.99	0.66	-0.28	0.91	-0.28	0.46	0.67	0.98	-0.33	0.35	-0.14	0.97	0.35	0.03	0.16	0.13	0.6	-0.09	0.57	-0.1
Other Current Liab	0.37	0.23		0.72	0.43	0.38	0.22	-0.12	0.06	0.35	0.06	0.66	0.63	0.21	0.18	0.15	0.28	0.32	0.46	0.42	0.0	-0.02	0.13	0.59	0.68	0.58
Total Current Liabilities	0.59	0.51	0.72		0.4	0.6	0.46	-0.14	0.06	0.56	0.06	0.88	0.8	0.49	-0.24	0.06	0.17	0.63	0.09	0.39	0.17	0.19	0.47	0.69	0.75	0.36
Total Stockholder Equity	0.84	0.63	0.43	0.4		0.79	0.62	0.47	0.09	0.84	0.09	0.35	0.46	0.67	0.29	0.75	0.13	0.67	0.79	0.44	-0.09	0.1	0.54	-0.23	0.53	-0.02
Property Plant And Equipment Net	0.99	0.92	0.38	0.6	0.79		0.92	0.6	-0.23	0.99	-0.23	0.51	0.69	0.96	-0.18	0.54	-0.04	0.97	0.53	0.2	0.14	0.23	0.69	-0.08	0.63	-0.11
Net Debt	0.89	0.99	0.22	0.46	0.62	0.92		0.71	-0.35	0.9	-0.35	0.41	0.63	0.97	-0.34	0.36	-0.17	0.96	0.37	-0.02	0.15	0.14	0.62	-0.12	0.52	-0.13
Retained Earnings	0.6	0.66	-0.12	-0.14	0.47	0.6	0.71		-0.66	0.65	-0.66	-0.14	0.07	0.65	-0.32	0.33	-0.44	0.56	0.33	-0.47	-0.2	-0.03	0.34	-0.55	0.01	-0.52
Cash	-0.19	-0.28	0.06	0.06	0.09	-0.23	-0.35	-0.66		-0.24	1.0	0.19	0.12	-0.27	0.72	0.21	0.57	-0.23	0.16	0.79	0.11	-0.11	-0.3	0.11	0.27	0.6
Non Current Assets Total	1.0	0.91	0.35	0.56	0.84	0.99	0.9	0.65	-0.24		-0.24	0.46	0.64	0.94	-0.17	0.53	-0.06	0.95	0.53	0.15	0.08	0.18	0.69	-0.12	0.6	-0.17
Cash And Short Term Investments	-0.19	-0.28	0.06	0.06	0.09	-0.23	-0.35	-0.66	1.0	-0.24		0.19	0.12	-0.27	0.72	0.21	0.57	-0.23	0.16	0.79	0.11	-0.11	-0.3	0.11	0.27	0.6
Net Receivables	0.5	0.46	0.66	0.88	0.35	0.51	0.41	-0.14	0.19	0.46	0.19		0.82	0.4	-0.15	0.12	-0.01	0.52	0.06	0.46	0.02	-0.09	0.21	0.62	0.79	0.57
Common Stock Shares Outstanding	0.67	0.67	0.63	0.8	0.46	0.69	0.63	0.07	0.12	0.64	0.12	0.82		0.63	-0.05	0.15	0.13	0.71	0.31	0.42	0.3	-0.08	0.3	0.41	0.95	0.51
Non Current Liabilities Total	0.93	0.98	0.21	0.49	0.67	0.96	0.97	0.65	-0.27	0.94	-0.27	0.4	0.63		-0.27	0.44	-0.07	0.99	0.43	0.08	0.21	0.22	0.68	-0.14	0.54	-0.18
Inventory	-0.15	-0.33	0.18	-0.24	0.29	-0.18	-0.34	-0.32	0.72	-0.17	0.72	-0.15	-0.05	-0.27		0.49	0.53	-0.29	0.65	0.68	0.09	-0.12	-0.26	-0.27	0.14	0.45
Other Current Assets	0.54	0.35	0.15	0.06	0.75	0.54	0.36	0.33	0.21	0.53	0.21	0.12	0.15	0.44	0.49		0.15	0.4	0.79	0.55	-0.08	0.24	0.44	-0.51	0.2	0.01
Other Stockholder Equity	-0.03	-0.14	0.28	0.17	0.13	-0.04	-0.17	-0.44	0.57	-0.06	0.57	-0.01	0.13	-0.07	0.53	0.15		-0.03	0.3	0.57	0.04	0.34	-0.08	0.21	0.28	0.4
Total Liab	0.95	0.97	0.32	0.63	0.67	0.97	0.96	0.56	-0.23	0.95	-0.23	0.52	0.71	0.99	-0.29	0.4	-0.03		0.4	0.14	0.22	0.23	0.7	0.0	0.62	-0.1
Property Plant And Equipment Gross	0.54	0.35	0.46	0.09	0.79	0.53	0.37	0.33	0.16	0.53	0.16	0.06	0.31	0.43	0.65	0.79	0.3	0.4		0.5	0.11	0.08	0.32	-0.37	0.4	0.17
Total Current Assets	0.2	0.03	0.42	0.39	0.44	0.2	-0.02	-0.47	0.79	0.15	0.79	0.46	0.42	0.08	0.68	0.55	0.57	0.14	0.5		0.1	0.14	0.09	0.15	0.49	0.61
Non Currrent Assets Other	0.09	0.16	0.0	0.17	-0.09	0.14	0.15	-0.2	0.11	0.08	0.11	0.02	0.3	0.21	0.09	-0.08	0.04	0.22	0.11	0.1		0.13	0.33	-0.02	0.23	0.1
Short Term Debt	0.19	0.13	-0.02	0.19	0.1	0.23	0.14	-0.03	-0.11	0.18	-0.11	-0.09	-0.08	0.22	-0.12	0.24	0.34	0.23	0.08	0.14	0.13		0.54	-0.09	-0.13	-0.24
Accounts Payable	0.68	0.6	0.13	0.47	0.54	0.69	0.62	0.34	-0.3	0.69	-0.3	0.21	0.3	0.68	-0.26	0.44	-0.08	0.7	0.32	0.09	0.33	0.54		-0.11	0.16	-0.38
Common Stock	-0.09	-0.09	0.59	0.69	-0.23	-0.08	-0.12	-0.55	0.11	-0.12	0.11	0.62	0.41	-0.14	-0.27	-0.51	0.21	0.0	-0.37	0.15	-0.02	-0.09	-0.11		0.39	0.46
Common Stock Total Equity	0.64	0.57	0.68	0.75	0.53	0.63	0.52	0.01	0.27	0.6	0.27	0.79	0.95	0.54	0.14	0.2	0.28	0.62	0.4	0.49	0.23	-0.13	0.16	0.39		0.59
Short Term Investments	-0.13	-0.1	0.58	0.36	-0.02	-0.11	-0.13	-0.52	0.6	-0.17	0.6	0.57	0.51	-0.18	0.45	0.01	0.4	-0.1	0.17	0.61	0.1	-0.24	-0.38	0.46	0.59

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Range Resources Account Relationship Matchups

Range Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.6B	6.1B	6.7B	6.6B	7.2B	4.2B
Short Long Term Debt Total	3.2B	3.1B	2.9B	1.9B	1.8B	1.6B
Other Current Liab	395.7M	529.1M	253.9M	962.0M	473.0M	496.6M
Total Current Liabilities	551.0M	673.4M	984.4M	1.2B	583.1M	359.8M
Total Stockholder Equity	2.3B	1.6B	2.1B	2.9B	3.8B	4.0B
Property Plant And Equipment Net	6.1B	5.8B	5.8B	6.0B	6.1B	3.8B
Net Debt	3.2B	3.1B	2.5B	1.9B	1.6B	1.6B
Retained Earnings	2.4B	1.7B	(3.6B)	(2.5B)	(1.7B)	(1.6B)
Cash	546K	458K	214.4M	207K	212.0M	222.6M
Non Current Assets Total	6.3B	5.9B	5.9B	6.1B	6.3B	4.0B
Cash And Short Term Investments	546K	458K	214.4M	207K	212.0M	222.6M
Net Receivables	272.9M	252.6M	501.3M	505.6M	282.7M	154.2M
Common Stock Shares Outstanding	248.0M	241.4M	249.3M	246.4M	239.8M	132.5M
Liabilities And Stockholders Equity	6.6B	6.1B	6.7B	6.6B	7.2B	4.2B
Non Current Liabilities Total	3.7B	3.8B	3.6B	2.6B	2.9B	2.2B
Inventory	23.0M	17.5M	1.0	(35.2M)	359.5M	377.5M
Other Current Assets	17.5M	36.7M	50.5M	32.9M	375.5M	394.3M
Other Stockholder Equity	(9.8M)	5.7B	3.6B	2.0B	5.4B	5.7B
Total Liab	4.3B	4.5B	4.6B	3.7B	3.4B	2.5B
Property Plant And Equipment Gross	6.1B	5.8B	74.7M	6.0B	11.3B	11.9B
Total Current Assets	291.0M	266.5M	730.9M	538.7M	870.1M	913.6M
Accumulated Other Comprehensive Income	(788K)	(479K)	(150K)	467K	647K	679.4K
Non Currrent Assets Other	202.7M	115.9M	130.6M	110.0M	180.9M	95.5M
Short Term Debt	27.9M	45.4M	218.0M	67.5M	11.6M	11.0M
Accounts Payable	155.3M	132.4M	178.4M	206.7M	110.1M	150.1M
Common Stock	2.5M	1.7B	2.1B	3.3B	2.7M	2.5M
Common Stock Total Equity	2.5M	2.5M	2.6M	2.6M	3.0M	1.7M
Other Assets	66.5M	5.8B	124.9M	109.1M	125.4M	119.2M
Long Term Debt	464.3M	693.1M	2.7B	1.8B	1.8B	2.0B
Property Plant Equipment	5.4M	4.2M	5.8B	6.0B	6.9B	7.2B
Other Liab	484.4M	709.2M	689.7M	866.0M	995.9M	521.0M
Treasury Stock	(391K)	(7.2M)	(30.1M)	(30.0M)	(27.0M)	(25.7M)
Net Tangible Assets	2.3B	1.6B	2.1B	2.9B	3.3B	3.1B
Retained Earnings Total Equity	(1.6B)	(3.3B)	(4.0B)	(3.6B)	(3.2B)	(3.1B)
Long Term Debt Total	464.3M	693.1M	2.7B	1.8B	1.7B	1.5B
Capital Surpluse	5.7B	5.7B	5.7B	5.8B	6.6B	4.5B
Deferred Long Term Liab	737.7M	225.2M	226.5M	263.0M	236.7M	469.2M
Long Term Investments	4.8M	706K	16.7M	38.6M	34.7M	49.0M

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

How To Invest In Range

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Is Range Stock a good investment?

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What is Range Resources' Net Worth?

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Largest Oil & Gas Exploration & Production Companies

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Largest Oil & Gas E&P Companies

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Range Resources 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 metropolitan statistical area.

You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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 Range Resources. If investors know Range 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 Range Resources 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

0.04

Dividend Share

0.32

Earnings Share

Revenue Per Share

9.79

Quarterly Revenue Growth

(0.01)

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

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

Correlation Coefficient

Operating Income

Gross Profit

Range Resources fundamental ratios Correlations

Range Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Range Resources fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.99	Non Current Liabilities Total

Cash And Short Term Investments	- 0.66	Retained Earnings
Cash	- 0.66	Retained Earnings
Common Stock	- 0.55	Retained Earnings
Short Term Investments	- 0.52	Retained Earnings
Common Stock	- 0.51	Other Current Assets
Total Current Assets	- 0.47	Retained Earnings