RS1 Stock | | | 701.00 12.50 1.75% |
RS GROUP financial indicator trend analysis is much more than just breaking down RS GROUP PLC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether RS GROUP PLC is a good investment. Please check the relationship between RS GROUP Income Tax Expense and its Net Income From Continuing Ops accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in RS GROUP PLC. 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.
Income Tax Expense vs Net Income From Continuing Ops
Income Tax Expense vs Net Income From Continuing Ops Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
RS GROUP PLC Income Tax Expense account and
Net Income From Continuing Ops. At this time, the significance of the direction appears to have strong relationship.
The correlation between RS GROUP's Income Tax Expense and Net Income From Continuing Ops is 0.77. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of RS GROUP PLC, assuming nothing else is changed. The correlation between historical values of RS GROUP's Income Tax Expense and Net Income From Continuing Ops 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 Tax Expense of RS GROUP PLC are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Income Tax Expense i.e., RS GROUP's Income Tax Expense and Net Income From Continuing Ops go up and down completely randomly.
Correlation Coefficient | 0.77 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Income Tax Expense
Net Income From Continuing Ops
Most indicators from RS GROUP's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into RS GROUP PLC 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 RS GROUP PLC. 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.
The current year's
Tax Provision is expected to grow to about 66.9
M, whereas
Selling General Administrative is forecasted to decline to about 68.1
M.
RS GROUP fundamental ratios Correlations
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RS GROUP Account Relationship Matchups
High Positive Relationship
High Negative Relationship
RS GROUP fundamental ratios Accounts
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Other Information on Investing in RS1 Stock
Balance Sheet is a snapshot of the
financial position of RS GROUP PLC at a specified time, usually calculated after every quarter, six months, or one year. RS GROUP Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of RS GROUP 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 RS1 currently owns. An asset can also be divided into two categories, current and non-current.