Core Lithium financial indicator trend analysis is way more than just evaluating Core Lithium prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Core Lithium is a good investment. Please check the relationship between Core Lithium Gross Profit and its Income Tax Expense accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Core Lithium. 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.
Gross Profit vs Income Tax Expense
Gross Profit vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Core Lithium Gross Profit account and
Income Tax Expense. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Core Lithium's Gross Profit and Income Tax Expense is -0.67. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Core Lithium, assuming nothing else is changed. The correlation between historical values of Core Lithium's Gross Profit and Income Tax Expense 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 Core Lithium are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Gross Profit i.e., Core Lithium's Gross Profit and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | -0.67 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Core Lithium minus its cost of goods sold. It is profit before Core Lithium 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 Tax Expense
Most indicators from Core Lithium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Core Lithium 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 Core Lithium. 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.
At this time, Core Lithium's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 5.1
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 83.5
M in 2024.
Core Lithium fundamental ratios Correlations
Click cells to compare fundamentals
Core Lithium Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Core Lithium fundamental ratios Accounts
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Additional Tools for Core Stock Analysis
When running Core Lithium's price analysis, check to
measure Core Lithium's 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 Core Lithium is operating at the current time. Most of Core Lithium's value examination focuses on studying past and present price action to
predict the probability of Core Lithium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Core Lithium's price. Additionally, you may evaluate how the addition of Core Lithium to your portfolios can decrease your overall portfolio volatility.