| ORTEL Stock | | | 1.76 0.10 5.38% |
Ortel Communications financial indicator trend analysis is much more than just breaking down Ortel Communications prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ortel Communications is a good investment. Please check the relationship between Ortel Communications Operating Income and its Income Tax Expense accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ortel Communications 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 bureau of economic analysis.
Operating Income vs Income Tax Expense
Operating Income vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ortel Communications Operating Income account and
Income Tax Expense. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Ortel Communications' Operating Income and Income Tax Expense is -0.63. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Ortel Communications Limited, assuming nothing else is changed. The correlation between historical values of Ortel Communications' Operating Income 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 Operating Income of Ortel Communications 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 Operating Income i.e., Ortel Communications' Operating Income and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | -0.63 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Operating Income
Operating Income is the amount of profit realized from Ortel Communications operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Ortel Communications Limited is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Income Tax Expense
Most indicators from Ortel Communications' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ortel Communications 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ortel Communications 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 bureau of economic analysis.
As of the 1st of December 2024,
Selling General Administrative is likely to grow to about 22.2
M, while
Issuance Of Capital Stock is likely to drop about 70
M.
Ortel Communications fundamental ratios Correlations
Click cells to compare fundamentals
Ortel Communications Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ortel Communications fundamental ratios Accounts
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Other Information on Investing in Ortel Stock
Balance Sheet is a snapshot of the
financial position of Ortel Communications at a specified time, usually calculated after every quarter, six months, or one year. Ortel Communications Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ortel Communications 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 Ortel currently owns. An asset can also be divided into two categories, current and non-current.