| NEWT Stock | | | USD 13.01 0.29 2.18% |
Newtek Business financial indicator trend analysis is infinitely more than just investigating Newtek Business Services recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Newtek Business Services is a good investment. Please check the relationship between Newtek Business Income Before Tax and its Gross Profit accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newtek Business Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in housing.
Income Before Tax vs Gross Profit
Income Before Tax vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Newtek Business Services Income Before Tax account and
Gross Profit. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Newtek Business' Income Before Tax and Gross Profit is 0.56. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Newtek Business Services, assuming nothing else is changed. The correlation between historical values of Newtek Business' Income Before Tax and Gross Profit 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 Newtek Business Services are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Income Before Tax i.e., Newtek Business' Income Before Tax and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.56 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Newtek Business income statement and is an important metric when analyzing Newtek Business Services 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.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Newtek Business Services minus its cost of goods sold. It is profit before Newtek Business 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.
Most indicators from Newtek Business' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Newtek Business Services 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newtek Business Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in housing.
At this time, Newtek Business'
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 7.3
M in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.08 in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 118.0M | 85.0M | 208.8M | 219.3M | Total Revenue | 147.8M | 105.2M | 253.1M | 265.8M |
Newtek Business fundamental ratios Correlations
Click cells to compare fundamentals
Newtek Business Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Newtek Business fundamental ratios Accounts
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Additional Tools for Newtek Stock Analysis
When running Newtek Business' price analysis, check to
measure Newtek Business' 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 Newtek Business is operating at the current time. Most of Newtek Business' value examination focuses on studying past and present price action to
predict the probability of Newtek Business' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newtek Business' price. Additionally, you may evaluate how the addition of Newtek Business to your portfolios can decrease your overall portfolio volatility.