Clean Income Before Tax vs Depreciation And Amortization Analysis

CLEAN Stock   1,284  0.50  0.04%   
Clean Science financial indicator trend analysis is way more than just evaluating Clean Science prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Clean Science is a good investment. Please check the relationship between Clean Science Income Before Tax and its Depreciation And Amortization accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clean Science 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 board of governors.

Income Before Tax vs Depreciation And Amortization

Income Before Tax vs Depreciation And Amortization Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Clean Science Income Before Tax account and Depreciation And Amortization. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Clean Science's Income Before Tax and Depreciation And Amortization is 0.92. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Clean Science and, assuming nothing else is changed. The correlation between historical values of Clean Science's Income Before Tax and Depreciation And Amortization 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 Clean Science and are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Income Before Tax i.e., Clean Science's Income Before Tax and Depreciation And Amortization go up and down completely randomly.

Correlation Coefficient

0.92
Relationship DirectionPositive 
Relationship StrengthVery Strong

Income Before Tax

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

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Most indicators from Clean Science's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Clean Science 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 Clean Science 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 board of governors.
As of the 1st of December 2024, Selling General Administrative is likely to grow to about 511.9 M, while Tax Provision is likely to drop about 751.1 M.
 2021 2022 2023 2024 (projected)
Gross Profit4.5B6.1B4.3B3.8B
Total Revenue6.8B9.4B7.8B6.2B

Clean Science fundamental ratios Correlations

0.420.760.971.00.960.980.890.560.281.00.96-0.250.890.00.830.960.980.220.570.990.990.86-0.930.980.99
0.420.590.350.430.330.350.44-0.050.740.430.23-0.710.430.270.190.380.430.190.210.410.380.37-0.390.360.39
0.760.590.820.750.70.750.70.120.630.750.69-0.610.7-0.330.80.790.750.250.50.720.660.58-0.660.810.76
0.970.350.820.960.950.980.850.550.210.960.98-0.180.85-0.10.880.970.980.240.590.930.930.83-0.831.00.98
1.00.430.750.960.960.980.890.560.291.00.95-0.260.890.020.820.960.970.220.560.990.990.86-0.930.970.98
0.960.330.70.950.960.980.810.60.210.960.95-0.180.81-0.120.890.950.960.140.620.970.950.79-0.870.960.97
0.980.350.750.980.980.980.80.650.180.980.98-0.160.8-0.090.870.980.980.110.670.950.960.78-0.870.980.99
0.890.440.70.850.890.810.80.320.390.890.84-0.321.00.130.680.830.860.620.280.90.880.98-0.860.870.86
0.56-0.050.120.550.560.60.650.32-0.410.560.650.430.330.10.460.650.65-0.080.760.490.60.39-0.530.550.65
0.280.740.630.210.290.210.180.39-0.410.290.05-0.990.39-0.220.310.260.20.270.10.320.210.22-0.40.230.23
1.00.430.750.961.00.960.980.890.560.290.96-0.260.890.020.820.960.970.210.560.990.990.86-0.930.970.98
0.960.230.690.980.950.950.980.840.650.050.96-0.020.84-0.030.830.950.970.210.560.930.950.84-0.830.980.97
-0.25-0.71-0.61-0.18-0.26-0.18-0.16-0.320.43-0.99-0.26-0.02-0.320.28-0.3-0.23-0.16-0.17-0.11-0.29-0.18-0.140.37-0.2-0.2
0.890.430.70.850.890.810.81.00.330.390.890.84-0.320.130.680.830.860.620.290.90.890.98-0.870.870.86
0.00.27-0.33-0.10.02-0.12-0.090.130.1-0.220.02-0.030.280.13-0.54-0.170.020.16-0.40.00.10.290.04-0.09-0.05
0.830.190.80.880.820.890.870.680.460.310.820.83-0.30.68-0.540.910.830.150.720.810.760.58-0.770.870.87
0.960.380.790.970.960.950.980.830.650.260.960.95-0.230.83-0.170.910.970.230.740.920.930.78-0.90.970.99
0.980.430.750.980.970.960.980.860.650.20.970.97-0.160.860.020.830.970.250.630.950.960.85-0.860.980.99
0.220.190.250.240.220.140.110.62-0.080.270.210.21-0.170.620.160.150.230.25-0.140.230.210.61-0.290.240.23
0.570.210.50.590.560.620.670.280.760.10.560.56-0.110.29-0.40.720.740.63-0.140.480.520.21-0.60.580.67
0.990.410.720.930.990.970.950.90.490.320.990.93-0.290.90.00.810.920.950.230.480.980.87-0.920.950.96
0.990.380.660.930.990.950.960.880.60.210.990.95-0.180.890.10.760.930.960.210.520.980.88-0.930.950.97
0.860.370.580.830.860.790.780.980.390.220.860.84-0.140.980.290.580.780.850.610.210.870.88-0.80.840.83
-0.93-0.39-0.66-0.83-0.93-0.87-0.87-0.86-0.53-0.4-0.93-0.830.37-0.870.04-0.77-0.9-0.86-0.29-0.6-0.92-0.93-0.8-0.85-0.91
0.980.360.811.00.970.960.980.870.550.230.970.98-0.20.87-0.090.870.970.980.240.580.950.950.84-0.850.98
0.990.390.760.980.980.970.990.860.650.230.980.97-0.20.86-0.050.870.990.990.230.670.960.970.83-0.910.98
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Clean Science Account Relationship Matchups

Clean Science fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.3B6.6B9.2B11.5B14.0B8.1B
Short Long Term Debt Total26.0M26.9M3.3M20.6M20.3M16.6M
Other Current Liab412.7M409.9M221.8M288.0M448.0M326.2M
Total Current Liabilities769.6M1.0B1.3B1.2B1.6B1.1B
Total Stockholder Equity3.4B5.4B7.7B10.1B12.0B6.8B
Other Liab141.8M105.4M179.4M210.5M242.1M163.0M
Net Tangible Assets2.7B3.4B5.4B7.7B8.8B4.6B
Property Plant And Equipment Net1.7B2.5B3.4B4.8B7.0B7.3B
Current Deferred Revenue(24.0M)10.4M326.3M267.3M7.3M6.9M
Net Debt(65.2M)(90.1M)(575.7M)(104.1M)(84.2M)(88.4M)
Retained Earnings3.3B5.2B7.5B9.9B11.8B6.6B
Accounts Payable356.9M609.9M1.0B805.1M1.1B685.9M
Cash92.1M93.4M579.0M124.7M104.5M158.0M
Non Current Assets Total1.7B2.6B3.5B5.2B7.4B7.7B
Non Currrent Assets Other10K(2.4B)105.7M124.9M278.7M292.6M
Other Assets36.9M35.3M239.4M144.9M166.6M100.4M
Cash And Short Term Investments1.4B2.5B3.0B3.4B3.1B2.3B
Net Receivables796.7M939.3M1.5B1.5B1.6B1.2B
Short Term Investments1.3B2.4B2.4B3.3B278.7M264.8M
Liabilities And Stockholders Equity4.3B6.6B9.2B11.5B14.0B8.1B
Non Current Liabilities Total108.2M182.7M213.2M263.2M331.1M211.6M
Inventory345.9M529.0M881.3M1.1B1.3B752.3M
Total Liab877.8M1.2B1.6B1.4B1.9B1.3B
Total Current Assets2.6B4.0B5.7B6.3B6.6B4.4B
Accumulated Other Comprehensive Income60.1M43.0M47.8M55.6M66.7M47.7M
Short Term Debt24.0M10.4M(6.2M)2M1.6M1.5M
Intangible Assets2.5M2.7M4.7M6.0M7.4M4.4M
Property Plant Equipment1.3B1.7B2.4B3.4B3.9B2.2B
Net Invested Capital3.4B5.4B7.7B10.1B12.0B7.6B
Net Working Capital1.8B2.9B4.4B5.1B5.0B3.8B

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Other Information on Investing in Clean Stock

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