Discovery Income Before Tax vs Net Income Analysis

DHR Stock

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Discovery Harbour financial indicator trend analysis is much more than just examining Discovery Harbour latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Discovery Harbour is a good investment. Please check the relationship between Discovery Harbour Income Before Tax and its Net Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Discovery Harbour Resources. 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 Net Income

Income Before Tax vs Net Income Correlation Analysis

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

The correlation between Discovery Harbour's Income Before Tax and Net Income is 0.99. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Net Income in the same time period over historical financial statements of Discovery Harbour Resources, assuming nothing else is changed. The correlation between historical values of Discovery Harbour's Income Before Tax and Net Income 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 Discovery Harbour Resources are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Income Before Tax i.e., Discovery Harbour's Income Before Tax and Net Income go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

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Income Before Tax

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

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Discovery Harbour financial statement analysis. It represents the amount of money remaining after all of Discovery Harbour Resources operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Discovery Harbour's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Discovery Harbour 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Discovery Harbour Resources. 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 climb to about 311.5 K in 2025, whereas Discontinued Operations is likely to drop (195.6 K) in 2025.

Discovery Harbour fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Retained Earnings	Accounts Payable	Cash	Net Receivables	Total Liab	Long Term Investments	Total Current Assets	Common Stock	Total Stockholder Equity	Net Tangible Assets	Other Assets	Other Stockholder Equity	Property Plant Equipment	Non Current Assets Total	Non Currrent Assets Other	Short Long Term Debt	Short Term Debt	Net Debt	Long Term Debt	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		-0.15	0.93	0.52	0.14	0.22	-0.15	0.53	0.69	-0.36	1.0	1.0	-0.55	-0.54	0.95	-0.18	-0.52	-0.38	-0.65	-0.59	0.25	-0.06	-0.06	-0.03	-0.43
Total Current Liabilities	-0.15		-0.05	0.21	-0.06	0.19	1.0	-0.37	-0.12	-0.29	-0.19	-0.19	0.19	0.31	-0.25	0.3	-0.02	0.92	0.34	0.28	0.21	0.1	0.13	-0.18	-0.31
Retained Earnings	0.93	-0.05		0.35	-0.09	0.18	-0.05	0.48	0.51	-0.59	0.92	0.92	-0.69	-0.55	0.88	-0.38	-0.74	-0.23	-0.81	-0.77	0.26	-0.29	-0.31	-0.29	-0.64
Accounts Payable	0.52	0.21	0.35		0.42	0.15	0.21	0.09	0.53	-0.01	0.5	0.5	-0.12	-0.16	0.41	0.66	-0.08	-0.18	-0.11	-0.09	0.21	0.41	0.49	0.22	-0.07
Cash	0.14	-0.06	-0.09	0.42		0.26	-0.06	-0.25	0.77	0.31	0.15	0.15	0.17	0.04	-0.07	0.58	0.29	-0.23	0.24	0.24	0.15	0.78	0.92	0.96	0.27
Net Receivables	0.22	0.19	0.18	0.15	0.26		0.19	0.29	0.43	0.05	0.21	0.21	0.15	0.07	0.15	0.07	-0.17	0.14	0.09	0.16	-0.02	0.01	0.21	0.22	0.0
Total Liab	-0.15	1.0	-0.05	0.21	-0.06	0.19		-0.37	-0.12	-0.29	-0.19	-0.19	0.19	0.31	-0.25	0.3	-0.02	0.92	0.34	0.28	0.21	0.1	0.13	-0.18	-0.31
Long Term Investments	0.53	-0.37	0.48	0.09	-0.25	0.29	-0.37		0.23	0.1	0.54	0.54	-0.15	-0.3	0.68	-0.31	-0.1	-0.42	-0.31	-0.24	-0.24	-0.55	-0.39	-0.3	0.07
Total Current Assets	0.69	-0.12	0.51	0.53	0.77	0.43	-0.12	0.23		-0.04	0.69	0.69	-0.24	-0.32	0.51	0.19	-0.17	-0.35	-0.26	-0.22	0.27	0.45	0.54	0.61	-0.13
Common Stock	-0.36	-0.29	-0.59	-0.01	0.31	0.05	-0.29	0.1	-0.04		-0.35	-0.35	0.85	0.29	-0.26	0.43	0.84	-0.27	0.73	0.77	-0.43	0.3	0.41	0.46	0.98
Total Stockholder Equity	1.0	-0.19	0.92	0.5	0.15	0.21	-0.19	0.54	0.69	-0.35		1.0	-0.55	-0.54	0.96	-0.19	-0.51	-0.42	-0.66	-0.6	0.24	-0.06	-0.07	-0.02	-0.41
Net Tangible Assets	1.0	-0.19	0.92	0.5	0.15	0.21	-0.19	0.54	0.69	-0.35	1.0		-0.56	-0.54	0.95	-0.19	-0.51	-0.42	-0.66	-0.6	0.25	-0.06	-0.07	-0.02	-0.42
Other Assets	-0.55	0.19	-0.69	-0.12	0.17	0.15	0.19	-0.15	-0.24	0.85	-0.55	-0.56		0.44	-0.48	0.45	0.83	0.26	0.92	0.96	-0.34	0.27	0.37	0.31	0.83
Other Stockholder Equity	-0.54	0.31	-0.55	-0.16	0.04	0.07	0.31	-0.3	-0.32	0.29	-0.54	-0.54	0.44		-0.52	0.27	0.37	0.4	0.57	0.49	-0.15	0.16	0.2	0.15	0.31
Property Plant Equipment	0.95	-0.25	0.88	0.41	-0.07	0.15	-0.25	0.68	0.51	-0.26	0.96	0.95	-0.48	-0.52		-0.3	-0.44	-0.44	-0.61	-0.54	0.15	-0.2	-0.26	-0.21	-0.32
Non Current Assets Total	-0.18	0.3	-0.38	0.66	0.58	0.07	0.3	-0.31	0.19	0.43	-0.19	-0.19	0.45	0.27	-0.3		0.52	0.06	0.52	0.52	-0.11	0.57	0.83	0.54	0.43
Non Currrent Assets Other	-0.52	-0.02	-0.74	-0.08	0.29	-0.17	-0.02	-0.1	-0.17	0.84	-0.51	-0.51	0.83	0.37	-0.44	0.52		0.01	0.83	0.87	-0.45	0.36	0.45	0.43	0.86
Short Long Term Debt	-0.38	0.92	-0.23	-0.18	-0.23	0.14	0.92	-0.42	-0.35	-0.27	-0.42	-0.42	0.26	0.4	-0.44	0.06	0.01		0.41	0.34	0.13	-0.06	-0.06	-0.26	-0.27
Short Term Debt	-0.65	0.34	-0.81	-0.11	0.24	0.09	0.34	-0.31	-0.26	0.73	-0.66	-0.66	0.92	0.57	-0.61	0.52	0.83	0.41		0.97	-0.19	0.39	0.46	0.38	0.71
Net Debt	-0.59	0.28	-0.77	-0.09	0.24	0.16	0.28	-0.24	-0.22	0.77	-0.6	-0.6	0.96	0.49	-0.54	0.52	0.87	0.34	0.97		-0.26	0.38	0.46	0.37	0.76
Long Term Debt	0.25	0.21	0.26	0.21	0.15	-0.02	0.21	-0.24	0.27	-0.43	0.24	0.25	-0.34	-0.15	0.15	-0.11	-0.45	0.13	-0.19	-0.26		0.24	0.07	0.03	-0.57
Common Stock Shares Outstanding	-0.06	0.1	-0.29	0.41	0.78	0.01	0.1	-0.55	0.45	0.3	-0.06	-0.06	0.27	0.16	-0.2	0.57	0.36	-0.06	0.39	0.38	0.24		0.78	0.75	0.26
Net Invested Capital	-0.06	0.13	-0.31	0.49	0.92	0.21	0.13	-0.39	0.54	0.41	-0.07	-0.07	0.37	0.2	-0.26	0.83	0.45	-0.06	0.46	0.46	0.07	0.78		0.9	0.39
Net Working Capital	-0.03	-0.18	-0.29	0.22	0.96	0.22	-0.18	-0.3	0.61	0.46	-0.02	-0.02	0.31	0.15	-0.21	0.54	0.43	-0.26	0.38	0.37	0.03	0.75	0.9		0.44
Capital Stock	-0.43	-0.31	-0.64	-0.07	0.27	0.0	-0.31	0.07	-0.13	0.98	-0.41	-0.42	0.83	0.31	-0.32	0.43	0.86	-0.27	0.71	0.76	-0.57	0.26	0.39	0.44

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Discovery Harbour Account Relationship Matchups

Discovery Harbour fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	3.1M	3.0M	358.0K	393.3K	354.0K	336.3K
Total Current Liabilities	87.4K	271.4K	58.3K	49.7K	57.1K	54.3K
Retained Earnings	(21.6M)	(21.9M)	(24.4M)	(24.3M)	(21.9M)	(23.0M)
Accounts Payable	33.1K	215.9K	10.3K	9.7K	11.1K	10.6K
Cash	2.0M	1.1M	347.3K	89.0K	102.4K	97.2K
Net Receivables	11.3K	5.7K	3.1K	6.4K	7.3K	6.8K
Total Liab	87.4K	271.4K	58.3K	49.7K	57.1K	54.3K
Total Current Assets	2.4M	1.1M	358.0K	96.3K	86.7K	82.4K
Total Stockholder Equity	3.0M	2.7M	299.8K	343.7K	309.3K	293.8K
Net Tangible Assets	(74.9K)	3.0M	2.7M	299.8K	269.8K	256.3K
Non Current Assets Total	732.2K	1.9M	1.0	297K	341.6K	510.2K
Net Invested Capital	3.1M	2.7M	339.8K	383.7K	441.2K	419.2K
Net Working Capital	2.3M	836.4K	299.8K	46.7K	53.7K	51.0K

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