GreenTech Income Before Tax vs Total Revenue Analysis

688466 Stock   15.80  0.66  4.01%   
GreenTech Environmental financial indicator trend analysis is much more than just examining GreenTech Environmental latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GreenTech Environmental is a good investment. Please check the relationship between GreenTech Environmental 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 GreenTech Environmental 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.

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 GreenTech Environmental Income Before Tax account and Total Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between GreenTech Environmental's Income Before Tax and Total Revenue is 0.97. 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 GreenTech Environmental Co, assuming nothing else is changed. The correlation between historical values of GreenTech Environmental'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 GreenTech Environmental Co 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., GreenTech Environmental's Income Before Tax and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.97
Relationship DirectionPositive 
Relationship StrengthVery Strong

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on GreenTech Environmental income statement and is an important metric when analyzing GreenTech 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.

Total Revenue

Total revenue comprises all receipts GreenTech Environmental 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 GreenTech Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GreenTech 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 GreenTech Environmental 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 39.7 M, whereas Tax Provision is forecasted to decline to about 10.2 M.
 2022 2023 2024 2025 (projected)
Gross Profit228.8M224.2M257.8M173.8M
Total Revenue670.9M572.8M658.7M508.3M

GreenTech Environmental fundamental ratios Correlations

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0.980.950.980.960.971.00.990.830.890.660.970.930.65-0.20.990.870.90.910.510.990.770.970.780.720.86
0.990.890.980.980.980.971.00.840.910.690.980.840.68-0.40.980.920.880.940.510.990.790.930.810.730.91
0.960.90.960.980.930.960.980.770.860.590.980.850.57-0.380.950.850.830.920.520.980.680.930.910.630.95
0.990.90.970.980.930.960.970.870.90.730.970.850.73-0.320.980.890.90.910.460.970.830.90.720.780.82
0.970.951.00.970.960.960.980.810.890.640.970.930.63-0.210.980.870.890.910.50.990.760.980.790.710.86
0.990.910.991.00.980.970.980.830.910.660.980.870.65-0.350.990.90.880.940.541.00.770.950.820.710.92
0.870.710.830.840.770.870.810.830.910.960.840.690.96-0.360.860.860.980.930.370.820.990.780.550.940.66
0.910.810.890.910.860.90.890.910.910.760.860.740.77-0.450.90.890.920.970.620.90.890.840.630.790.83
0.730.510.660.690.590.730.640.660.960.760.70.521.0-0.320.710.760.90.790.190.650.970.610.390.940.47
0.980.90.970.980.980.970.970.980.840.860.70.890.68-0.280.980.870.890.910.460.980.770.940.840.710.88
0.850.950.930.840.850.850.930.870.690.740.520.890.520.110.890.670.80.760.410.890.630.910.720.580.73
0.720.510.650.680.570.730.630.650.960.771.00.680.52-0.30.710.760.90.780.180.640.980.60.340.950.44
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0.990.890.990.980.950.980.980.990.860.90.710.980.890.71-0.250.910.910.910.520.980.810.960.750.740.86
0.930.70.870.920.850.890.870.90.860.890.760.870.670.76-0.480.910.860.90.490.890.840.870.620.780.79
0.90.810.90.880.830.90.890.880.980.920.90.890.80.9-0.250.910.860.940.40.890.960.860.630.910.71
0.930.830.910.940.920.910.910.940.930.970.790.910.760.78-0.490.910.90.940.530.930.880.860.750.820.87
0.470.450.510.510.520.460.50.540.370.620.190.460.410.18-0.210.520.490.40.530.520.320.50.440.080.69
0.980.930.990.990.980.970.991.00.820.90.650.980.890.64-0.310.980.890.890.930.520.760.960.830.710.9
0.820.650.770.790.680.830.760.770.990.890.970.770.630.98-0.340.810.840.960.880.320.760.710.430.960.57
0.930.880.970.930.930.90.980.950.780.840.610.940.910.6-0.130.960.870.860.860.50.960.710.780.650.84
0.760.770.780.810.910.720.790.820.550.630.390.840.720.34-0.310.750.620.630.750.440.830.430.780.390.89
0.770.620.720.730.630.780.710.710.940.790.940.710.580.95-0.330.740.780.910.820.080.710.960.650.390.45
0.860.790.860.910.950.820.860.920.660.830.470.880.730.44-0.490.860.790.710.870.690.90.570.840.890.45
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GreenTech Environmental Account Relationship Matchups

GreenTech Environmental fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets1.5B1.7B1.8B2.1B2.4B1.2B
Other Current Liab104.7M110.0M129.8M95.7M110.1M89.7M
Total Current Liabilities507.1M574.3M603.0M599.4M689.3M445.9M
Total Stockholder Equity965.5M1.0B1.1B1.1B1.3B701.1M
Net Tangible Assets301.7M932.8M743.5M753.9M866.9M504.7M
Retained Earnings246.3M301.4M340.0M385.3M443.1M230.8M
Accounts Payable362.5M398.6M443.0M404.2M464.9M309.9M
Cash450.4M484.5M470.1M501.0M576.1M327.1M
Non Current Assets Total275.0M438.8M548.2M850.7M978.3M1.0B
Other Assets3.6M19.3M50.9M38.9M44.7M47.0M
Net Receivables286.3M237.9M244.9M299.9M344.9M209.2M
Non Current Liabilities Total5.7M50.5M142.9M329.8M379.3M398.2M
Inventory64.7M57.9M52.3M71.8M64.6M89.0M
Other Current Assets67.4M81.6M75.9M95.9M110.3M59.2M
Other Stockholder Equity511.9K491.3K582.0K637.5K733.1K606.3K
Total Liab512.8M624.9M745.9M929.2M1.1B1.1B
Short Long Term Debt24M53.5M11.8M21.3M24.5M24.3M
Total Current Assets1.2B1.2B1.3B1.3B1.5B921.5M
Intangible Assets31.4M292.6M410.7M653.2M751.2M788.7M
Property Plant Equipment25.1M68.1M223.0M100.0M115.0M86.1M
Other Liab6.0M5.7M6.7M31.7M36.5M38.3M
Net Invested Capital989.5M1.1B1.2B1.4B1.7B878.8M
Non Current Liabilities Other10M7M4.0M6.1M5.4M8.0M
Net Working Capital705.6M664.6M698.2M670.6M771.2M525.5M
Property Plant And Equipment Net223.0M100.0M102.3M152.7M175.6M142.1M
Property Plant And Equipment Gross243.4M123.6M102.3M194.5M223.6M164.9M

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Other Information on Investing in GreenTech Stock

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