BDX Stock | | | USD 221.90 0.08 0.04% |
Becton Dickinson financial indicator trend analysis is way more than just evaluating Becton Dickinson prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Becton Dickinson is a good investment. Please check the relationship between Becton Dickinson Net Income and its Other Operating Expenses accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Becton Dickinson and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
Net Income vs Other Operating Expenses
Net Income vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Becton Dickinson Net Income account and
Other Operating Expenses. At this time, the significance of the direction appears to have strong relationship.
The correlation between Becton Dickinson's Net Income and Other Operating Expenses is 0.66. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Becton Dickinson and, assuming nothing else is changed. The correlation between historical values of Becton Dickinson's Net Income and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Becton Dickinson and are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Net Income i.e., Becton Dickinson's Net Income and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.66 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Becton Dickinson financial statement analysis. It represents the amount of money remaining after all of Becton Dickinson and operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Becton Dickinson. It is also known as Becton Dickinson overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from Becton Dickinson's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Becton Dickinson 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 Becton Dickinson and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
At this time, Becton Dickinson's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to rise to about 172.7
M in 2024, despite the fact that
Discontinued Operations is likely to grow to (39.3
M).
Becton Dickinson fundamental ratios Correlations
Click cells to compare fundamentals
Becton Dickinson Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Becton Dickinson fundamental ratios Accounts
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