300343 Stock | | | 5.24 0.40 7.09% |
Lecron Energy financial indicator trend analysis is infinitely more than just investigating Lecron Energy Saving recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lecron Energy Saving is a good investment. Please check the relationship between Lecron Energy Income Before Tax and its Total Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Lecron Energy Saving. 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.
Income Before Tax vs Total Revenue
Income Before Tax vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Lecron Energy Saving Income Before Tax account and
Total Revenue. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Lecron Energy's Income Before Tax and Total Revenue is -0.51. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Lecron Energy Saving, assuming nothing else is changed. The correlation between historical values of Lecron Energy's Income Before Tax and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Lecron Energy Saving are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Income Before Tax i.e., Lecron Energy's Income Before Tax and Total Revenue go up and down completely randomly.
Correlation Coefficient | -0.51 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Lecron Energy income statement and is an important metric when analyzing Lecron Energy Saving 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.
Total Revenue
Total revenue comprises all receipts Lecron Energy Saving generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Lecron Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lecron Energy Saving 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 Lecron Energy Saving. 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.
At present, Lecron Energy's
Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's
Tax Provision is expected to grow to about 40.1
M, whereas
Discontinued Operations is forecasted to decline to (69
M).
Lecron Energy fundamental ratios Correlations
Click cells to compare fundamentals
Lecron Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Lecron Energy fundamental ratios Accounts
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Other Information on Investing in Lecron Stock
Balance Sheet is a snapshot of the
financial position of Lecron Energy Saving at a specified time, usually calculated after every quarter, six months, or one year. Lecron Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Lecron Energy 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 Lecron currently owns. An asset can also be divided into two categories, current and non-current.