| 0O76 Stock | | | 10,980 70.00 0.63% |
AP Moeller financial indicator trend analysis is way more than just evaluating AP Moeller Maersk prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AP Moeller Maersk is a good investment. Please check the relationship between AP Moeller Net Income and its Tax Provision accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in AP Moeller Maersk AS. 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.
Net Income vs Tax Provision
Net Income vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
AP Moeller Maersk Net Income account and
Tax Provision. At this time, the significance of the direction appears to have almost identical trend.
The correlation between AP Moeller's Net Income and Tax Provision is 0.9. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Tax Provision in the same time period over historical financial statements of AP Moeller Maersk AS, assuming nothing else is changed. The correlation between historical values of AP Moeller's Net Income and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of AP Moeller Maersk AS are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Net Income i.e., AP Moeller's Net Income and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.9 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in AP Moeller Maersk financial statement analysis. It represents the amount of money remaining after all of AP Moeller Maersk AS operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
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.
Most indicators from AP Moeller's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AP Moeller Maersk 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 AP Moeller Maersk AS. 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.
Selling General Administrative is likely to gain to about 1.5
B in 2024, whereas Tax Provision is likely to drop slightly above 363.7
M in 2024.
| 2019 | 2020 | 2023 | 2024 (projected) |
Interest Income | 754M | 820M | 943M | 695.6M | Tax Provision | 458M | 407M | 468.1M | 363.7M |
AP Moeller fundamental ratios Correlations
Click cells to compare fundamentals
AP Moeller Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AP Moeller fundamental ratios Accounts
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