Dynamic Gross Profit vs Income Tax Expense Analysis

DYCL Stock   973.80  17.75  1.79%   
Dynamic Cables financial indicator trend analysis is much more than just examining Dynamic Cables latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dynamic Cables is a good investment. Please check the relationship between Dynamic Cables Gross Profit and its Income Tax Expense accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dynamic Cables Limited. 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 Dynamic Cables Gross Profit account and Income Tax Expense. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Dynamic Cables' Gross Profit and Income Tax Expense is 0.89. 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 Dynamic Cables Limited, assuming nothing else is changed. The correlation between historical values of Dynamic Cables' 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 Dynamic Cables Limited 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., Dynamic Cables' Gross Profit and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.89
Relationship DirectionPositive 
Relationship StrengthStrong

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Dynamic Cables Limited minus its cost of goods sold. It is profit before Dynamic Cables 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 Dynamic Cables' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dynamic Cables 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 Dynamic Cables Limited. 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 74.7 M in 2024, whereas Tax Provision is likely to drop slightly above 104.2 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense104.0M162.3M207.4M115.7M
Depreciation And Amortization80.5M79.1M92.6M57.2M

Dynamic Cables fundamental ratios Correlations

0.690.70.990.90.930.790.730.870.78-0.690.90.31-0.110.990.36-0.170.960.90.991.00.870.920.690.560.9
0.690.670.630.570.820.850.990.490.26-0.610.850.18-0.420.66-0.060.440.590.480.770.640.930.810.780.280.79
0.70.670.70.820.690.830.670.820.67-0.520.67-0.06-0.30.680.43-0.290.710.510.720.690.790.650.570.060.7
0.990.630.70.890.870.740.660.870.81-0.60.830.26-0.040.990.45-0.270.960.870.980.990.850.850.680.480.83
0.90.570.820.890.830.820.610.990.92-0.710.80.23-0.150.890.47-0.390.870.840.880.90.750.820.590.460.87
0.930.820.690.870.830.890.870.770.61-0.830.990.34-0.310.910.120.10.840.80.930.90.890.990.650.560.98
0.790.850.830.740.820.890.880.760.59-0.770.910.21-0.470.770.190.080.70.560.830.750.870.890.630.250.92
0.730.990.670.660.610.870.880.530.3-0.70.890.22-0.450.7-0.060.420.630.540.790.680.930.860.730.340.84
0.870.490.820.870.990.770.760.530.95-0.650.720.18-0.10.860.55-0.490.860.820.840.880.690.750.540.40.8
0.780.260.670.810.920.610.590.30.95-0.480.560.210.050.790.63-0.640.770.750.740.80.50.60.440.330.65
-0.69-0.61-0.52-0.6-0.71-0.83-0.77-0.7-0.65-0.48-0.82-0.330.47-0.67-0.04-0.06-0.62-0.65-0.66-0.65-0.64-0.83-0.25-0.54-0.86
0.90.850.670.830.80.990.910.890.720.56-0.820.37-0.330.880.050.180.790.740.910.860.890.980.670.530.97
0.310.18-0.060.260.230.340.210.220.180.21-0.330.37-0.340.27-0.190.220.340.290.30.30.130.390.30.440.37
-0.11-0.42-0.3-0.04-0.15-0.31-0.47-0.45-0.10.050.47-0.33-0.34-0.07-0.01-0.33-0.130.01-0.14-0.07-0.29-0.33-0.010.15-0.36
0.990.660.680.990.890.910.770.70.860.79-0.670.880.27-0.070.42-0.190.930.870.980.990.850.890.660.510.87
0.36-0.060.430.450.470.120.19-0.060.550.63-0.040.05-0.19-0.010.42-0.710.420.30.330.410.20.080.03-0.180.11
-0.170.44-0.29-0.27-0.390.10.080.42-0.49-0.64-0.060.180.22-0.33-0.19-0.71-0.3-0.25-0.09-0.230.120.130.190.060.06
0.960.590.710.960.870.840.70.630.860.77-0.620.790.34-0.130.930.42-0.30.890.930.970.820.840.640.540.81
0.90.480.510.870.840.80.560.540.820.75-0.650.740.290.010.870.3-0.250.890.850.910.670.810.560.770.8
0.990.770.720.980.880.930.830.790.840.74-0.660.910.3-0.140.980.33-0.090.930.850.980.920.920.760.490.9
1.00.640.690.990.90.90.750.680.880.8-0.650.860.3-0.070.990.41-0.230.970.910.980.850.890.680.550.86
0.870.930.790.850.750.890.870.930.690.5-0.640.890.13-0.290.850.20.120.820.670.920.850.870.780.340.85
0.920.810.650.850.820.990.890.860.750.6-0.830.980.39-0.330.890.080.130.840.810.920.890.870.670.610.99
0.690.780.570.680.590.650.630.730.540.44-0.250.670.3-0.010.660.030.190.640.560.760.680.780.670.40.64
0.560.280.060.480.460.560.250.340.40.33-0.540.530.440.150.51-0.180.060.540.770.490.550.340.610.40.58
0.90.790.70.830.870.980.920.840.80.65-0.860.970.37-0.360.870.110.060.810.80.90.860.850.990.640.58
Click cells to compare fundamentals

Dynamic Cables Account Relationship Matchups

Dynamic Cables fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.0B3.0B3.5B4.0B5.0B2.8B
Short Long Term Debt Total1.2B1.2B767.7M823.8M1.2B1.0B
Other Current Liab25.5M69.6M22.0M39.3M97.8M102.7M
Total Current Liabilities1.4B1.5B1.8B2.1B2.8B1.5B
Total Stockholder Equity1.1B1.2B1.5B1.8B2.1B2.2B
Property Plant And Equipment Net556.7M544.2M525.3M580.8M704.5M465.7M
Current Deferred Revenue32.1M41.0M25.2M27.1M54.4M57.2M
Net Debt1.2B1.2B766.9M822.6M1.2B945.7M
Retained Earnings706.2M784.2M1.1B1.4B1.8B1.8B
Accounts Payable626.2M508.3M1.2B1.3B1.5B1.6B
Cash582.9K880K798K1.3M2.3M2.2M
Non Current Assets Total578.6M560.2M561.3M606.4M721.7M499.1M
Non Currrent Assets Other20.6M13.5M320.4M6.4M11.5M11.0M
Cash And Short Term Investments582.9K880K798K341.7M12.6M12.0M
Net Receivables1.5B1.3B1.6B2.1B2.6B1.3B
Liabilities And Stockholders Equity3.0B3.0B3.5B4.0B5.0B2.8B
Non Current Liabilities Total492.7M330.1M259.1M131.1M76.9M73.1M
Inventory528.5M835.3M941.4M886.0M1.3B636.4M
Other Current Assets379.8M293.8M400.0M478.4M432.1M228.8M
Total Liab1.9B1.8B2.0B2.3B2.8B1.8B
Total Current Assets2.4B2.4B2.9B3.4B4.3B2.3B
Short Term Debt749.0M862.8M522.8M709.8M1.1B668.9M
Short Term Investments210.0M232.1M294.9M340.4M10.3M9.8M
Intangible Assets1.4M925K585K355K285K270.8K

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.

Additional Tools for Dynamic Stock Analysis

When running Dynamic Cables' price analysis, check to measure Dynamic Cables' 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 Dynamic Cables is operating at the current time. Most of Dynamic Cables' value examination focuses on studying past and present price action to predict the probability of Dynamic Cables' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dynamic Cables' price. Additionally, you may evaluate how the addition of Dynamic Cables to your portfolios can decrease your overall portfolio volatility.