Ortel Other Operating Expenses vs Income Before Tax Analysis
| ORTEL Stock | 1.71 0.06 3.39% |
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 Other Operating Expenses and its Income Before Tax 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.
Other Operating Expenses vs Income Before Tax
Other Operating Expenses vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ortel Communications Other Operating Expenses account and Income Before Tax. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Ortel Communications' Other Operating Expenses and Income Before Tax is -0.43. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Income Before Tax 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' Other Operating Expenses and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of Ortel Communications Limited are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Other Operating Expenses i.e., Ortel Communications' Other Operating Expenses and Income Before Tax go up and down completely randomly.
Correlation Coefficient | -0.43 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Ortel Communications. It is also known as Ortel Communications overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Ortel Communications income statement and is an important metric when analyzing Ortel Communications 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.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 27th of February 2025, Selling General Administrative is likely to grow to about 22.2 M, while Issuance Of Capital Stock is likely to drop about 70 M.
| 2019 | 2020 | 2024 | 2025 (projected) | Gross Profit | 429.2M | 308.2M | 354.4M | 336.7M | Total Revenue | 781.3M | 635.2M | 730.4M | 1.3B |
Ortel Communications fundamental ratios Correlations
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Ortel Communications Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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.