000558 Stock | | | 3.04 0.04 1.33% |
Lander Sports financial indicator trend analysis is infinitely more than just investigating Lander Sports Development recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lander Sports Development is a good investment. Please check the relationship between Lander Sports Tax Provision and its Operating Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Lander Sports Development. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Tax Provision vs Operating Income
Tax Provision vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Lander Sports Development Tax Provision account and
Operating Income. At this time, the significance of the direction appears to have weak relationship.
The correlation between Lander Sports' Tax Provision and Operating Income is 0.37. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Operating Income in the same time period over historical financial statements of Lander Sports Development, assuming nothing else is changed. The correlation between historical values of Lander Sports' Tax Provision and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Lander Sports Development are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Tax Provision i.e., Lander Sports' Tax Provision and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.37 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
Operating Income
Operating Income is the amount of profit realized from Lander Sports Development 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 Lander Sports Development 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.
Most indicators from Lander Sports' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lander Sports Development 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 Lander Sports Development. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
As of November 29, 2024,
Selling General Administrative is expected to decline to about 41.9
M. In addition to that, Tax Provision is expected to decline to about 5.8
MLander Sports fundamental ratios Correlations
Click cells to compare fundamentals
Lander Sports Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Lander Sports fundamental ratios Accounts
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Other Information on Investing in Lander Stock
Balance Sheet is a snapshot of the
financial position of Lander Sports Development at a specified time, usually calculated after every quarter, six months, or one year. Lander Sports Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Lander Sports and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Lander currently owns. An asset can also be divided into two categories, current and non-current.