| GMBREW Stock | | | 806.00 7.45 0.93% |
GM Breweries financial indicator trend analysis is much more than just examining GM Breweries Limited latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GM Breweries Limited is a good investment. Please check the relationship between GM Breweries Income Before Tax and its Ebitda accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GM Breweries 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 income.
Income Before Tax vs Ebitda
Income Before Tax vs Ebitda Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
GM Breweries Limited Income Before Tax account and
Ebitda. At this time, the significance of the direction appears to have totally related.
The correlation between GM Breweries' Income Before Tax and Ebitda is 1.0. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Ebitda in the same time period over historical financial statements of GM Breweries Limited, assuming nothing else is changed. The correlation between historical values of GM Breweries' Income Before Tax and Ebitda 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 GM Breweries Limited are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Income Before Tax i.e., GM Breweries' Income Before Tax and Ebitda go up and down completely randomly.
Correlation Coefficient | 1.0 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on GM Breweries income statement and is an important metric when analyzing GM Breweries Limited 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.
Ebitda
Most indicators from GM Breweries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GM Breweries Limited 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GM Breweries 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 income.
The current year's
Selling General Administrative is expected to grow to about 118.6
M, whereas
Tax Provision is forecasted to decline to about 232.1
M.
GM Breweries fundamental ratios Correlations
Click cells to compare fundamentals
GM Breweries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
GM Breweries fundamental ratios Accounts
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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.
Other Information on Investing in GMBREW Stock
Balance Sheet is a snapshot of the
financial position of GM Breweries Limited at a specified time, usually calculated after every quarter, six months, or one year. GM Breweries Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of GM Breweries 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 GMBREW currently owns. An asset can also be divided into two categories, current and non-current.