300548 Stock | | | 23.34 0.11 0.47% |
Broadex Technologies financial indicator trend analysis is way more than just evaluating Broadex Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Broadex Technologies is a good investment. Please check the relationship between Broadex Technologies Operating Income and its Tax Provision accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Broadex Technologies Co. 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.
Operating Income vs Tax Provision
Operating Income vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Broadex Technologies Operating Income account and
Tax Provision. At this time, the significance of the direction appears to have strong relationship.
The correlation between Broadex Technologies' Operating Income and Tax Provision is 0.65. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Broadex Technologies Co, assuming nothing else is changed. The correlation between historical values of Broadex Technologies' Operating 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 Operating Income of Broadex Technologies Co 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 Operating Income i.e., Broadex Technologies' Operating Income and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.65 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Operating Income
Operating Income is the amount of profit realized from Broadex Technologies 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 Broadex Technologies Co 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.
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 Broadex Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Broadex 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 Broadex Technologies Co. 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.
The current year's
Selling General Administrative is expected to grow to about 125.5
M, whereas Tax Provision is forecasted to decline to about 2.4
M.
| 2021 | 2022 | 2023 | 2024 (projected) |
Operating Income | 166.9M | 164.1M | 74.6M | 75.6M | Total Revenue | 1.2B | 1.7B | 1.7B | 1.8B |
Broadex Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Broadex Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Broadex Technologies fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Broadex Stock
Balance Sheet is a snapshot of the
financial position of Broadex Technologies at a specified time, usually calculated after every quarter, six months, or one year. Broadex Technologies Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Broadex Technologies 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 Broadex currently owns. An asset can also be divided into two categories, current and non-current.