Adriatic Operating Income vs Income Before Tax Analysis

ADT1 Stock

211.50 3.50 1.68%

Adriatic Metals financial indicator trend analysis is way more than just evaluating Adriatic Metals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Adriatic Metals is a good investment. Please check the relationship between Adriatic Metals Operating Income and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adriatic Metals. 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.

Operating Income vs Income Before Tax

Operating Income vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Adriatic Metals Operating Income account and Income Before Tax. At this time, the significance of the direction appears to have totally related.

The correlation between Adriatic Metals' Operating Income and Income Before Tax is 0.99. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Adriatic Metals, assuming nothing else is changed. The correlation between historical values of Adriatic Metals' Operating Income 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 Operating Income of Adriatic Metals 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 Operating Income i.e., Adriatic Metals' Operating Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Adriatic Metals 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 Adriatic Metals 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.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Adriatic Metals income statement and is an important metric when analyzing Adriatic Metals 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 Adriatic Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Adriatic Metals 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 Adriatic Metals. 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.

Selling General Administrative is likely to gain to about 10.4 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 28.1 M in 2024.

	2020	2022	2023	2024 (projected)
Reconciled Depreciation	175.2K	1.3M	866.1K	462.1K
Cost Of Revenue	236.5K	1.3M	866.1K	482.3K

Reconciled Depreciation Cost Of Revenue

Adriatic Metals fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Total Current Assets	Net Working Capital	Intangible Assets	Common Stock	Property Plant Equipment
Total Assets		0.36	0.84	0.81	0.97	0.95	0.31	-0.95	0.84	0.7	0.95	0.76	0.74	0.84	0.93	0.87	0.78	0.34	0.97	0.9	1.0	0.76	0.27	0.69	0.86	0.97
Other Current Liab	0.36		-0.08	0.75	0.52	0.08	-0.71	-0.07	-0.13	0.87	0.08	0.83	0.41	0.46	0.0	0.38	-0.15	0.95	0.5	-0.03	0.27	0.81	0.79	0.38	0.52	0.18
Total Current Liabilities	0.84	-0.08		0.39	0.69	0.96	0.74	-0.88	1.0	0.23	0.96	0.32	0.44	0.51	0.94	0.62	0.99	-0.1	0.7	0.98	0.88	0.29	-0.3	0.4	0.52	0.83
Total Stockholder Equity	0.81	0.75	0.39		0.92	0.6	-0.28	-0.66	0.38	0.97	0.6	0.99	0.83	0.9	0.56	0.83	0.3	0.74	0.91	0.5	0.76	0.99	0.74	0.78	0.94	0.73
Net Tangible Assets	0.97	0.52	0.69	0.92		0.85	0.08	-0.88	0.69	0.84	0.85	0.88	0.81	0.9	0.83	0.91	0.61	0.5	1.0	0.78	0.95	0.89	0.49	0.76	0.92	0.93
Property Plant And Equipment Net	0.95	0.08	0.96	0.6	0.85		0.58	-0.97	0.96	0.45	1.0	0.53	0.61	0.7	0.99	0.77	0.93	0.07	0.86	0.99	0.97	0.52	-0.03	0.56	0.71	0.95
Net Debt	0.31	-0.71	0.74	-0.28	0.08	0.58		-0.52	0.76	-0.46	0.59	-0.37	-0.08	-0.04	0.62	0.08	0.79	-0.72	0.11	0.68	0.39	-0.38	-0.79	-0.08	-0.06	0.41
Retained Earnings	-0.95	-0.07	-0.88	-0.66	-0.88	-0.97	-0.52		-0.9	-0.5	-0.97	-0.57	-0.69	-0.78	-0.98	-0.82	-0.83	-0.06	-0.89	-0.95	-0.97	-0.58	-0.1	-0.64	-0.78	-0.99
Accounts Payable	0.84	-0.13	1.0	0.38	0.69	0.96	0.76	-0.9		0.22	0.97	0.3	0.45	0.52	0.96	0.63	0.99	-0.14	0.7	0.99	0.88	0.29	-0.29	0.41	0.52	0.85
Cash	0.7	0.87	0.23	0.97	0.84	0.45	-0.46	-0.5	0.22		0.45	0.99	0.75	0.81	0.4	0.74	0.15	0.85	0.82	0.34	0.64	0.99	0.83	0.7	0.85	0.59
Non Current Assets Total	0.95	0.08	0.96	0.6	0.85	1.0	0.59	-0.97	0.97	0.45		0.52	0.61	0.69	0.99	0.77	0.93	0.06	0.86	0.99	0.97	0.52	-0.04	0.56	0.7	0.95
Cash And Short Term Investments	0.76	0.83	0.32	0.99	0.88	0.53	-0.37	-0.57	0.3	0.99	0.52		0.79	0.86	0.47	0.78	0.24	0.81	0.86	0.42	0.7	0.99	0.77	0.74	0.9	0.65
Net Receivables	0.74	0.41	0.44	0.83	0.81	0.61	-0.08	-0.69	0.45	0.75	0.61	0.79		0.89	0.58	0.93	0.39	0.45	0.78	0.53	0.72	0.79	0.52	0.98	0.94	0.71
Common Stock Shares Outstanding	0.84	0.46	0.51	0.9	0.9	0.7	-0.04	-0.78	0.52	0.81	0.69	0.86	0.89		0.68	0.93	0.43	0.53	0.9	0.62	0.81	0.87	0.57	0.83	0.96	0.82
Non Current Liabilities Total	0.93	0.0	0.94	0.56	0.83	0.99	0.62	-0.98	0.96	0.4	0.99	0.47	0.58	0.68		0.74	0.91	-0.03	0.84	0.99	0.96	0.48	-0.04	0.53	0.68	0.96
Capital Surpluse	0.87	0.38	0.62	0.83	0.91	0.77	0.08	-0.82	0.63	0.74	0.77	0.78	0.93	0.93	0.74		0.56	0.46	0.9	0.7	0.86	0.79	0.43	0.9	0.91	0.84
Inventory	0.78	-0.15	0.99	0.3	0.61	0.93	0.79	-0.83	0.99	0.15	0.93	0.24	0.39	0.43	0.91	0.56		-0.17	0.62	0.96	0.82	0.2	-0.39	0.35	0.45	0.77
Other Current Assets	0.34	0.95	-0.1	0.74	0.5	0.07	-0.72	-0.06	-0.14	0.85	0.06	0.81	0.45	0.53	-0.03	0.46	-0.17		0.49	-0.06	0.25	0.79	0.78	0.44	0.52	0.16
Other Stockholder Equity	0.97	0.5	0.7	0.91	1.0	0.86	0.11	-0.89	0.7	0.82	0.86	0.86	0.78	0.9	0.84	0.9	0.62	0.49		0.79	0.95	0.87	0.47	0.73	0.91	0.94
Total Liab	0.9	-0.03	0.98	0.5	0.78	0.99	0.68	-0.95	0.99	0.34	0.99	0.42	0.53	0.62	0.99	0.7	0.96	-0.06	0.79		0.94	0.41	-0.15	0.48	0.62	0.92
Net Invested Capital	1.0	0.27	0.88	0.76	0.95	0.97	0.39	-0.97	0.88	0.64	0.97	0.7	0.72	0.81	0.96	0.86	0.82	0.25	0.95	0.94		0.7	0.19	0.66	0.83	0.98
Total Current Assets	0.76	0.81	0.29	0.99	0.89	0.52	-0.38	-0.58	0.29	0.99	0.52	0.99	0.79	0.87	0.48	0.79	0.2	0.79	0.87	0.41	0.7		0.81	0.74	0.9	0.67
Net Working Capital	0.27	0.79	-0.3	0.74	0.49	-0.03	-0.79	-0.1	-0.29	0.83	-0.04	0.77	0.52	0.57	-0.04	0.43	-0.39	0.78	0.47	-0.15	0.19	0.81		0.5	0.59	0.22
Intangible Assets	0.69	0.38	0.4	0.78	0.76	0.56	-0.08	-0.64	0.41	0.7	0.56	0.74	0.98	0.83	0.53	0.9	0.35	0.44	0.73	0.48	0.66	0.74	0.5		0.89	0.66
Common Stock	0.86	0.52	0.52	0.94	0.92	0.71	-0.06	-0.78	0.52	0.85	0.7	0.9	0.94	0.96	0.68	0.91	0.45	0.52	0.91	0.62	0.83	0.9	0.59	0.89		0.82
Property Plant Equipment	0.97	0.18	0.83	0.73	0.93	0.95	0.41	-0.99	0.85	0.59	0.95	0.65	0.71	0.82	0.96	0.84	0.77	0.16	0.94	0.92	0.98	0.67	0.22	0.66	0.82

Click cells to compare fundamentals

Adriatic Metals Account Relationship Matchups

Adriatic Metals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.2M	26.9M	177.2M	174.7M	290.9M	305.4M
Other Current Liab	(49.8K)	(308.7K)	4.4M	170.2K	195.8K	186.0K
Total Current Liabilities	221.3K	852.9K	5.6M	7.7M	76.5M	80.3M
Total Stockholder Equity	13.0M	25.7M	152.4M	107.9M	110.7M	65.9M
Net Tangible Assets	10.2M	20.9M	113.5M	107.9M	124.1M	130.3M
Property Plant And Equipment Net	5.4M	12.6M	62.5M	95.3M	229.6M	241.0M
Net Debt	(6.8M)	(11.9M)	(95.7M)	(9.9M)	95.9M	100.7M
Retained Earnings	(5.9M)	(12.5M)	(28.7M)	(73.7M)	(100.3M)	(95.3M)
Accounts Payable	134.0K	574.3K	526.5K	2.6M	13.7M	14.4M
Cash	6.8M	12.2M	112.5M	60.6M	44.9M	38.3M
Non Current Assets Total	5.9M	12.6M	62.5M	95.3M	231.2M	242.8M
Cash And Short Term Investments	6.8M	13.8M	112.5M	60.6M	69.7M	36.7M
Common Stock Shares Outstanding	162.5K	185.6M	245.7M	282.2M	292.7M	171.5M
Liabilities And Stockholders Equity	13.2M	26.9M	177.2M	174.7M	200.9M	211.0M
Non Current Liabilities Total	134.0K	314.0K	19.2M	59.1M	103.7M	108.9M
Other Current Assets	(291.8K)	451.5K	1.6M	1.0	1.15	1.09
Other Stockholder Equity	(7.0M)	35.3M	175.9M	176.3M	202.7M	212.9M
Total Liab	221.3K	1.2M	24.8M	66.8M	180.2M	189.2M
Net Invested Capital	10.2M	20.9M	125.4M	150.4M	251.5M	264.0M
Total Current Assets	7.3M	14.3M	114.7M	79.4M	59.6M	44.3M
Net Working Capital	5.6M	10.9M	80.7M	71.7M	(16.8M)	(16.0M)
Common Stock	2.5M	3.0M	5.3M	5.4M	6.2M	3.6M
Property Plant Equipment	4.7M	10.2M	47.1M	95.3M	109.6M	115.1M

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.

V	Visa Class A
GOOG	Alphabet Inc Class C
GOOG	Alphabet Inc Class C

Additional Tools for Adriatic Stock Analysis

When running Adriatic Metals' price analysis, check to measure Adriatic Metals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Adriatic Metals is operating at the current time. Most of Adriatic Metals' value examination focuses on studying past and present price action to predict the probability of Adriatic Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adriatic Metals' price. Additionally, you may evaluate how the addition of Adriatic Metals to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Adriatic Operating Income vs Income Before Tax Analysis

Operating Income vs Income Before Tax

Operating Income vs Income Before Tax Correlation Analysis

Correlation Coefficient

Operating Income

Income Before Tax

Adriatic Metals fundamental ratios Correlations

Adriatic Metals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Adriatic Metals fundamental ratios Accounts

Also Currently Popular

Additional Tools for Adriatic Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Invested Capital	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Current Liabilities
Other Stockholder Equity	+ 1.0	Net Tangible Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Inventory	+ 0.99	Total Current Liabilities
Cash And Short Term Investments	+ 0.99	Total Stockholder Equity

Property Plant Equipment	- 0.99	Retained Earnings
Non Current Liabilities Total	- 0.98	Retained Earnings
Net Invested Capital	- 0.97	Retained Earnings
Non Current Assets Total	- 0.97	Retained Earnings
Retained Earnings	- 0.97	Property Plant And Equipment Net
Total Liab	- 0.95	Retained Earnings