Eit Income Before Tax vs Tax Provision Analysis
300815 Stock | 16.78 0.04 0.24% |
Eit Environmental financial indicator trend analysis is much more than just examining Eit Environmental latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eit Environmental is a good investment. Please check the relationship between Eit Environmental Income Before Tax and its Tax Provision accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Eit Environmental 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 board of governors.
Income Before Tax vs Tax Provision
Income Before Tax vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eit Environmental Income Before Tax account and Tax Provision. At this time, the significance of the direction appears to have totally related.
The correlation between Eit Environmental's Income Before Tax and Tax Provision is 1.0. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Eit Environmental Development, assuming nothing else is changed. The correlation between historical values of Eit Environmental's Income Before Tax 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 Income Before Tax of Eit Environmental Development 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 Income Before Tax i.e., Eit Environmental's Income Before Tax and Tax Provision go up and down completely randomly.
Correlation Coefficient | 1.0 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Eit Environmental income statement and is an important metric when analyzing Eit Environmental 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.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 Eit Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eit Environmental 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 Eit Environmental 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 board of governors. As of December 13, 2024, Tax Provision is expected to decline to about 108.6 M. In addition to that, Selling General Administrative is expected to decline to about 115.6 M
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.1B | 1.2B | 1.4B | 966.2M | Total Revenue | 4.8B | 5.4B | 6.2B | 4.2B |
Eit Environmental fundamental ratios Correlations
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Eit Environmental Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Not Found
Eit Environmental fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.7B | 4.5B | 5.2B | 6.1B | 7.3B | 4.1B | |
Other Current Liab | 86.4M | 97.9M | 119.1M | 220.5M | 82.4M | 101.7M | |
Total Current Liabilities | 1.3B | 1.5B | 1.6B | 2.0B | 2.7B | 1.5B | |
Total Stockholder Equity | 995.0M | 2.6B | 2.9B | 3.3B | 3.6B | 2.0B | |
Other Liab | 209.9M | 219.9M | 230.8M | 238.5M | 274.2M | 205.0M | |
Net Tangible Assets | 673.4M | 2.2B | 2.5B | 2.9B | 3.3B | 3.5B | |
Retained Earnings | 863.0M | 1.5B | 1.8B | 2.2B | 2.4B | 1.4B | |
Accounts Payable | 247.1M | 370.8M | 445.0M | 572.7M | 809.9M | 850.4M | |
Cash | 587.4M | 1.3B | 1.2B | 1.0B | 1.1B | 813.5M | |
Non Current Assets Total | 1.1B | 1.7B | 2.1B | 2.2B | 2.2B | 1.5B | |
Non Currrent Assets Other | 10.1M | 142.7M | 157.0M | 125.8M | 210.1M | 220.6M | |
Other Assets | 147.0M | 314.4M | 380.1M | 362.8M | 417.2M | 220.9M | |
Long Term Debt | 105.0M | 90M | 240.5M | 132.5M | 263.5M | 276.6M | |
Net Receivables | 927.3M | 1.0B | 1.5B | 2.3B | 3.3B | 3.4B | |
Non Current Liabilities Total | 314.9M | 352.0M | 570.4M | 441.3M | 583.7M | 380.8M | |
Inventory | 4.6M | 8.5M | 15.5M | 43.9M | 40.0M | 42.0M | |
Other Current Assets | 15.8M | 62.8M | 63.5M | 223.1M | 265.4M | 278.7M | |
Total Liab | 1.6B | 1.8B | 2.1B | 2.5B | 3.3B | 1.9B | |
Short Long Term Debt | 566.8M | 617.5M | 514.5M | 718M | 909.1M | 551.8M | |
Total Current Assets | 1.6B | 2.9B | 3.2B | 3.9B | 5.1B | 2.6B | |
Non Current Liabilities Other | 198.0M | 198.3M | 207.8M | 218.5M | 224.3M | 199.7M | |
Intangible Assets | 321.6M | 319.0M | 283.4M | 251.4M | 218.4M | 296.1M | |
Property Plant Equipment | 592.7M | 730.5M | 961.8M | 1.1B | 1.2B | 649.5M | |
Deferred Long Term Liab | 9.2M | 57.1M | 65.7M | 20.5M | 23.6M | 30.4M | |
Net Invested Capital | 1.6B | 3.3B | 3.6B | 4.2B | 4.8B | 3.0B | |
Net Working Capital | 307.9M | 1.4B | 1.6B | 1.9B | 2.4B | 1.2B |
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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 Eit Stock
Balance Sheet is a snapshot of the financial position of Eit Environmental at a specified time, usually calculated after every quarter, six months, or one year. Eit Environmental Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Eit Environmental 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 Eit currently owns. An asset can also be divided into two categories, current and non-current.