L3Harris Gross Profit vs Income Before Tax Analysis

0L3H Stock   241.64  1.39  0.58%   
L3Harris Technologies financial indicator trend analysis is infinitely more than just investigating L3Harris Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether L3Harris Technologies is a good investment. Please check the relationship between L3Harris Technologies Gross Profit and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in L3Harris Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy L3Harris Stock please use our How to Invest in L3Harris Technologies guide.

Gross Profit vs Income Before Tax

Gross Profit vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of L3Harris Technologies Gross Profit account and Income Before Tax. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between L3Harris Technologies' Gross Profit and Income Before Tax is 0.53. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of L3Harris Technologies, assuming nothing else is changed. The correlation between historical values of L3Harris Technologies' Gross Profit 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 Gross Profit of L3Harris Technologies 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 Gross Profit i.e., L3Harris Technologies' Gross Profit and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.53
Relationship DirectionPositive 
Relationship StrengthWeak

Gross Profit

Gross profit is a required income statement account that reflects total revenue of L3Harris Technologies minus its cost of goods sold. It is profit before L3Harris Technologies 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.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on L3Harris Technologies income statement and is an important metric when analyzing L3Harris Technologies 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 L3Harris Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into L3Harris Technologies 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 L3Harris Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy L3Harris Stock please use our How to Invest in L3Harris Technologies guide.Tax Provision is likely to drop to about 267 M in 2024. Discontinued Operations is likely to drop to about (1.2 M) in 2024
 2019 2021 2022 2024 (projected)
Total Revenue18.5B17.8B19.4B18.7B
Depreciation And Amortization894M970M1.2B1.0B

L3Harris Technologies fundamental ratios Correlations

0.80.480.720.030.820.780.2-0.440.990.78-0.440.15-0.060.940.740.890.00.860.850.890.820.220.310.080.68
0.80.260.99-0.540.991.00.54-0.740.710.98-0.740.57-0.440.890.720.98-0.590.980.930.980.340.730.01-0.250.98
0.480.260.150.370.250.280.42-0.380.570.34-0.38-0.620.570.30.820.420.320.230.10.430.6-0.250.550.670.15
0.720.990.15-0.650.970.990.56-0.740.610.97-0.740.67-0.520.840.640.94-0.690.960.920.940.220.81-0.07-0.340.99
0.03-0.540.37-0.65-0.47-0.54-0.630.420.19-0.560.42-0.860.59-0.26-0.12-0.350.96-0.48-0.47-0.380.5-0.870.310.48-0.64
0.820.990.250.97-0.470.990.43-0.780.740.95-0.780.55-0.50.870.680.98-0.550.960.910.970.350.73-0.06-0.320.98
0.781.00.280.99-0.540.990.55-0.80.70.97-0.80.55-0.460.850.720.98-0.610.960.90.970.30.76-0.03-0.280.99
0.20.540.420.56-0.630.430.55-0.450.120.67-0.450.230.130.390.720.48-0.550.50.410.54-0.020.440.320.290.53
-0.44-0.74-0.38-0.740.42-0.78-0.8-0.45-0.41-0.71.0-0.30.53-0.4-0.58-0.740.62-0.6-0.45-0.70.05-0.750.310.39-0.81
0.990.710.570.610.190.740.70.12-0.410.68-0.41-0.010.030.870.730.830.140.770.740.820.870.090.350.160.58
0.780.980.340.97-0.560.950.970.67-0.70.68-0.70.52-0.30.890.80.96-0.570.970.920.980.360.680.13-0.10.94
-0.44-0.74-0.38-0.740.42-0.78-0.8-0.451.0-0.41-0.7-0.30.53-0.4-0.58-0.740.62-0.6-0.45-0.70.05-0.750.310.39-0.81
0.150.57-0.620.67-0.860.550.550.23-0.3-0.010.52-0.3-0.790.4-0.090.4-0.830.560.620.4-0.340.84-0.44-0.720.66
-0.06-0.440.57-0.520.59-0.5-0.460.130.530.03-0.30.53-0.79-0.140.25-0.320.73-0.35-0.34-0.260.46-0.830.780.98-0.59
0.940.890.30.84-0.260.870.850.39-0.40.870.89-0.40.4-0.140.720.91-0.220.960.970.930.680.380.310.030.78
0.740.720.820.64-0.120.680.720.72-0.580.730.8-0.58-0.090.250.720.8-0.130.710.610.830.60.210.50.430.62
0.890.980.420.94-0.350.980.980.48-0.740.830.96-0.740.4-0.320.910.8-0.420.960.90.990.490.60.1-0.140.93
0.0-0.590.32-0.690.96-0.55-0.61-0.550.620.14-0.570.62-0.830.73-0.22-0.13-0.42-0.48-0.44-0.420.55-0.960.470.63-0.72
0.860.980.230.96-0.480.960.960.5-0.60.770.97-0.60.56-0.350.960.710.96-0.480.980.970.460.630.12-0.170.93
0.850.930.10.92-0.470.910.90.41-0.450.740.92-0.450.62-0.340.970.610.9-0.440.980.920.480.580.14-0.180.87
0.890.980.430.94-0.380.970.970.54-0.70.820.98-0.70.4-0.260.930.830.99-0.420.970.920.510.580.17-0.070.92
0.820.340.60.220.50.350.3-0.020.050.870.360.05-0.340.460.680.60.490.550.460.480.51-0.380.640.540.15
0.220.73-0.250.81-0.870.730.760.44-0.750.090.68-0.750.84-0.830.380.210.6-0.960.630.580.58-0.38-0.51-0.720.85
0.310.010.55-0.070.31-0.06-0.030.320.310.350.130.31-0.440.780.310.50.10.470.120.140.170.64-0.510.83-0.16
0.08-0.250.67-0.340.48-0.32-0.280.290.390.16-0.10.39-0.720.980.030.43-0.140.63-0.17-0.18-0.070.54-0.720.83-0.41
0.680.980.150.99-0.640.980.990.53-0.810.580.94-0.810.66-0.590.780.620.93-0.720.930.870.920.150.85-0.16-0.41
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L3Harris Technologies Account Relationship Matchups

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When running L3Harris Technologies' price analysis, check to measure L3Harris Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy L3Harris Technologies is operating at the current time. Most of L3Harris Technologies' value examination focuses on studying past and present price action to predict the probability of L3Harris Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move L3Harris Technologies' price. Additionally, you may evaluate how the addition of L3Harris Technologies to your portfolios can decrease your overall portfolio volatility.