Road Gross Profit vs Income Before Tax Analysis

688156 Stock

13.01 0.29 2.18%

Road Environment financial indicator trend analysis is much more than just breaking down Road Environment Tec prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Road Environment Tec is a good investment. Please check the relationship between Road Environment 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 Road Environment Technology. 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.

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 Road Environment Tec Gross Profit account and Income Before Tax. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Road Environment's Gross Profit and Income Before Tax is 0.11. 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 Road Environment Technology, assuming nothing else is changed. The correlation between historical values of Road Environment's 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 Road Environment Technology 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., Road Environment's Gross Profit and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.11

Relationship Direction	Positive
Relationship Strength	Insignificant

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Gross Profit

Gross profit is a required income statement account that reflects total revenue of Road Environment Technology minus its cost of goods sold. It is profit before Road Environment 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 Road Environment income statement and is an important metric when analyzing Road Environment Tec 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 Road Environment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Road Environment Tec 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 Road Environment Technology. 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 Tax Provision is expected to grow to about 7.5 M, whereas Selling General Administrative is forecasted to decline to about 19.1 M.

	2021	2022	2023	2024 (projected)
Interest Expense	1.4M	2.1M	6.8M	7.1M
Interest Income	3.2M	4.2M	3.3M	2.8M

Interest Expense Interest Income

Road Environment fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Capital Stock	Non Current Liabilities Other	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Property Plant And Equipment Gross	Short Term Investments	Long Term Debt
Total Assets		0.9	0.9	0.96	0.97	0.82	0.67	0.89	0.9	0.95	0.95	0.85	0.89	0.56	0.9	0.99	0.86	0.94	0.95	-0.62	0.69	0.86	0.88	0.9	0.78	0.77
Other Current Liab	0.9		0.89	0.81	0.88	0.81	0.39	0.87	0.91	0.91	0.78	0.88	0.87	0.65	0.91	0.88	0.85	0.8	0.78	-0.57	0.51	0.82	0.86	0.89	0.9	0.7
Total Current Liabilities	0.9	0.89		0.75	0.78	0.98	0.28	1.0	0.88	0.77	0.74	0.87	0.88	0.76	1.0	0.85	0.88	0.69	0.74	-0.63	0.3	0.86	0.99	0.99	0.71	0.89
Total Stockholder Equity	0.96	0.81	0.75		0.98	0.64	0.84	0.73	0.82	0.96	0.99	0.74	0.82	0.38	0.75	0.98	0.76	0.99	0.99	-0.56	0.85	0.78	0.73	0.76	0.71	0.65
Retained Earnings	0.97	0.88	0.78	0.98		0.67	0.76	0.76	0.86	0.99	0.97	0.77	0.84	0.42	0.78	0.98	0.78	0.98	0.97	-0.57	0.81	0.81	0.75	0.78	0.75	0.65
Accounts Payable	0.82	0.81	0.98	0.64	0.67		0.15	0.99	0.82	0.66	0.63	0.83	0.83	0.79	0.97	0.76	0.84	0.57	0.63	-0.62	0.15	0.83	0.98	0.97	0.6	0.91
Cash	0.67	0.39	0.28	0.84	0.76	0.15		0.27	0.46	0.73	0.85	0.36	0.47	-0.05	0.28	0.74	0.39	0.87	0.85	-0.33	0.97	0.44	0.27	0.3	0.4	0.26
Non Current Assets Total	0.89	0.87	1.0	0.73	0.76	0.99	0.27		0.87	0.75	0.73	0.87	0.87	0.77	1.0	0.84	0.87	0.67	0.73	-0.63	0.28	0.85	1.0	1.0	0.7	0.89
Non Currrent Assets Other	0.9	0.91	0.88	0.82	0.86	0.82	0.46	0.87		0.86	0.84	0.98	0.99	0.82	0.88	0.88	0.99	0.79	0.84	-0.85	0.51	0.97	0.89	0.91	0.85	0.88
Net Receivables	0.95	0.91	0.77	0.96	0.99	0.66	0.73	0.75	0.86		0.94	0.78	0.83	0.42	0.78	0.96	0.78	0.97	0.94	-0.54	0.81	0.79	0.73	0.77	0.8	0.61
Common Stock Shares Outstanding	0.95	0.78	0.74	0.99	0.97	0.63	0.85	0.73	0.84	0.94		0.77	0.84	0.43	0.74	0.98	0.79	0.98	1.0	-0.63	0.85	0.81	0.73	0.76	0.71	0.68
Non Current Liabilities Total	0.85	0.88	0.87	0.74	0.77	0.83	0.36	0.87	0.98	0.78	0.77		0.98	0.88	0.88	0.82	0.99	0.71	0.77	-0.86	0.4	0.94	0.9	0.92	0.87	0.89
Inventory	0.89	0.87	0.88	0.82	0.84	0.83	0.47	0.87	0.99	0.83	0.84	0.98		0.84	0.88	0.87	1.0	0.78	0.84	-0.89	0.49	0.99	0.89	0.91	0.81	0.92
Other Current Assets	0.56	0.65	0.76	0.38	0.42	0.79	-0.05	0.77	0.82	0.42	0.43	0.88	0.84		0.76	0.49	0.89	0.32	0.43	-0.87	-0.04	0.84	0.81	0.8	0.63	0.89
Total Liab	0.9	0.91	1.0	0.75	0.78	0.97	0.28	1.0	0.88	0.78	0.74	0.88	0.88	0.76		0.85	0.88	0.69	0.74	-0.61	0.31	0.85	0.99	0.99	0.75	0.86
Net Invested Capital	0.99	0.88	0.85	0.98	0.98	0.76	0.74	0.84	0.88	0.96	0.98	0.82	0.87	0.49	0.85		0.83	0.97	0.98	-0.59	0.76	0.83	0.83	0.86	0.77	0.73
Short Long Term Debt	0.86	0.85	0.88	0.76	0.78	0.84	0.39	0.87	0.99	0.78	0.79	0.99	1.0	0.89	0.88	0.83		0.72	0.79	-0.9	0.41	0.98	0.9	0.92	0.8	0.93
Total Current Assets	0.94	0.8	0.69	0.99	0.98	0.57	0.87	0.67	0.79	0.97	0.98	0.71	0.78	0.32	0.69	0.97	0.72		0.98	-0.52	0.9	0.74	0.66	0.7	0.72	0.57
Capital Stock	0.95	0.78	0.74	0.99	0.97	0.63	0.85	0.73	0.84	0.94	1.0	0.77	0.84	0.43	0.74	0.98	0.79	0.98		-0.63	0.85	0.81	0.73	0.76	0.71	0.68
Non Current Liabilities Other	-0.62	-0.57	-0.63	-0.56	-0.57	-0.62	-0.33	-0.63	-0.85	-0.54	-0.63	-0.86	-0.89	-0.87	-0.61	-0.59	-0.9	-0.52	-0.63		-0.3	-0.91	-0.67	-0.69	-0.58	-0.88
Net Working Capital	0.69	0.51	0.3	0.85	0.81	0.15	0.97	0.28	0.51	0.81	0.85	0.4	0.49	-0.04	0.31	0.76	0.41	0.9	0.85	-0.3		0.45	0.27	0.31	0.52	0.21
Intangible Assets	0.86	0.82	0.86	0.78	0.81	0.83	0.44	0.85	0.97	0.79	0.81	0.94	0.99	0.84	0.85	0.83	0.98	0.74	0.81	-0.91	0.45		0.87	0.89	0.71	0.94
Property Plant And Equipment Net	0.88	0.86	0.99	0.73	0.75	0.98	0.27	1.0	0.89	0.73	0.73	0.9	0.89	0.81	0.99	0.83	0.9	0.66	0.73	-0.67	0.27	0.87		1.0	0.72	0.91
Property Plant And Equipment Gross	0.9	0.89	0.99	0.76	0.78	0.97	0.3	1.0	0.91	0.77	0.76	0.92	0.91	0.8	0.99	0.86	0.92	0.7	0.76	-0.69	0.31	0.89	1.0		0.75	0.91
Short Term Investments	0.78	0.9	0.71	0.71	0.75	0.6	0.4	0.7	0.85	0.8	0.71	0.87	0.81	0.63	0.75	0.77	0.8	0.72	0.71	-0.58	0.52	0.71	0.72	0.75		0.56
Long Term Debt	0.77	0.7	0.89	0.65	0.65	0.91	0.26	0.89	0.88	0.61	0.68	0.89	0.92	0.89	0.86	0.73	0.93	0.57	0.68	-0.88	0.21	0.94	0.91	0.91	0.56

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Other Information on Investing in Road Stock

Balance Sheet is a snapshot of the financial position of Road Environment Tec at a specified time, usually calculated after every quarter, six months, or one year. Road Environment Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Road Environment 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 Road currently owns. An asset can also be divided into two categories, current and non-current.

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Road Gross Profit vs Income Before Tax Analysis

Gross Profit vs Income Before Tax

Gross Profit vs Income Before Tax Correlation Analysis

Correlation Coefficient

Gross Profit

Income Before Tax

Road Environment fundamental ratios Correlations

Road Environment Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Currently Active Assets on Macroaxis

Other Information on Investing in Road Stock

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Non Current Assets Total	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Non Current Assets Total
Property Plant And Equipment Net	+ 1.0	Non Current Assets Total
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total
Capital Stock	+ 1.0	Common Stock Shares Outstanding

Intangible Assets	- 0.91	Non Current Liabilities Other
Non Current Liabilities Other	- 0.9	Short Long Term Debt
Non Current Liabilities Other	- 0.89	Inventory
Long Term Debt	- 0.88	Non Current Liabilities Other
Non Current Liabilities Other	- 0.87	Other Current Assets
Non Current Liabilities Other	- 0.86	Non Current Liabilities Total