Exco Gross Profit vs Income Before Tax Analysis

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Exco Technologies financial indicator trend analysis is much more than just examining Exco Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Exco Technologies is a good investment. Please check the relationship between Exco Technologies Gross Profit and its Income Before Tax accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Exco Technologies 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 board of governors.

Gross Profit vs Income Before Tax

Gross Profit vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Exco Technologies Gross Profit account and Income Before Tax. At this time, the significance of the direction appears to have strong relationship.

The correlation between Exco Technologies' Gross Profit and Income Before Tax is 0.71. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Exco Technologies Limited, assuming nothing else is changed. The correlation between historical values of Exco Technologies' Gross Profit 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 Gross Profit of Exco Technologies 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 Gross Profit i.e., Exco Technologies' Gross Profit and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Exco Technologies Limited minus its cost of goods sold. It is profit before Exco Technologies 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.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Exco Technologies income statement and is an important metric when analyzing Exco Technologies 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 Exco Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Exco Technologies 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Exco Technologies 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 board of governors.

At this time, Exco Technologies' Tax Provision is very stable compared to the past year. As of the 1st of December 2024, Enterprise Value is likely to grow to about 350.2 M, while Selling General Administrative is likely to drop about 32.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	97.3M	130.6M	150.2M	78.3M
Total Revenue	489.9M	619.3M	712.2M	747.8M

Gross Profit Total Revenue

Exco Technologies fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Non Currrent Assets Other	Good Will	Current Deferred Revenue
Total Assets		0.82	0.96	0.92	0.96	0.96	0.84	0.95	0.89	-0.4	0.99	-0.4	0.9	0.48	0.87	0.98	0.69	-0.18	0.94	0.87	0.98	0.07	0.45	-0.73	0.91	0.76
Short Long Term Debt Total	0.82		0.86	0.75	0.65	0.86	0.99	0.64	0.72	-0.65	0.83	-0.65	0.72	0.39	0.98	0.85	0.65	0.07	0.95	0.85	0.78	0.06	0.31	-0.79	0.77	0.64
Other Current Liab	0.96	0.86		0.87	0.88	0.98	0.89	0.88	0.82	-0.54	0.96	-0.54	0.81	0.37	0.91	0.98	0.75	-0.03	0.95	0.93	0.91	-0.03	0.36	-0.83	0.9	0.81
Total Current Liabilities	0.92	0.75	0.87		0.85	0.82	0.77	0.83	0.98	-0.21	0.87	-0.21	0.95	0.58	0.76	0.89	0.56	-0.25	0.9	0.7	0.95	0.37	0.44	-0.55	0.81	0.62
Total Stockholder Equity	0.96	0.65	0.88	0.85		0.9	0.67	1.0	0.84	-0.25	0.95	-0.25	0.86	0.46	0.71	0.93	0.64	-0.3	0.81	0.79	0.94	0.04	0.43	-0.64	0.86	0.71
Property Plant And Equipment Net	0.96	0.86	0.98	0.82	0.9		0.88	0.9	0.77	-0.56	0.97	-0.56	0.8	0.39	0.91	0.99	0.71	-0.07	0.93	0.96	0.91	-0.07	0.29	-0.86	0.88	0.81
Net Debt	0.84	0.99	0.89	0.77	0.67	0.88		0.67	0.73	-0.71	0.86	-0.71	0.71	0.33	0.99	0.87	0.67	0.16	0.97	0.87	0.78	0.03	0.39	-0.82	0.84	0.68
Retained Earnings	0.95	0.64	0.88	0.83	1.0	0.9	0.67		0.81	-0.28	0.95	-0.28	0.83	0.42	0.71	0.92	0.66	-0.28	0.8	0.8	0.93	0.01	0.45	-0.66	0.87	0.72
Accounts Payable	0.89	0.72	0.82	0.98	0.84	0.77	0.73	0.81		-0.16	0.84	-0.16	0.95	0.62	0.72	0.84	0.51	-0.31	0.87	0.62	0.94	0.35	0.48	-0.46	0.77	0.52
Cash	-0.4	-0.65	-0.54	-0.21	-0.25	-0.56	-0.71	-0.28	-0.16		-0.49	1.0	-0.1	0.26	-0.7	-0.5	-0.51	-0.5	-0.55	-0.7	-0.25	0.4	-0.25	0.78	-0.54	-0.48
Non Current Assets Total	0.99	0.83	0.96	0.87	0.95	0.97	0.86	0.95	0.84	-0.49		-0.49	0.83	0.4	0.89	0.98	0.72	-0.09	0.93	0.9	0.94	0.0	0.48	-0.78	0.94	0.78
Cash And Short Term Investments	-0.4	-0.65	-0.54	-0.21	-0.25	-0.56	-0.71	-0.28	-0.16	1.0	-0.49		-0.1	0.26	-0.7	-0.5	-0.51	-0.5	-0.55	-0.7	-0.25	0.4	-0.25	0.78	-0.54	-0.48
Net Receivables	0.9	0.72	0.81	0.95	0.86	0.8	0.71	0.83	0.95	-0.1	0.83	-0.1		0.71	0.71	0.86	0.47	-0.4	0.85	0.66	0.97	0.33	0.32	-0.49	0.71	0.59
Common Stock Shares Outstanding	0.48	0.39	0.37	0.58	0.46	0.39	0.33	0.42	0.62	0.26	0.4	0.26	0.71		0.34	0.43	0.0	-0.37	0.46	0.24	0.61	0.35	-0.05	-0.01	0.26	0.23
Non Current Liabilities Total	0.87	0.98	0.91	0.76	0.71	0.91	0.99	0.71	0.72	-0.7	0.89	-0.7	0.71	0.34		0.9	0.67	0.14	0.97	0.9	0.8	-0.06	0.36	-0.84	0.85	0.73
Inventory	0.98	0.85	0.98	0.89	0.93	0.99	0.87	0.92	0.84	-0.5	0.98	-0.5	0.86	0.43	0.9		0.67	-0.09	0.95	0.94	0.95	0.0	0.37	-0.82	0.91	0.83
Other Current Assets	0.69	0.65	0.75	0.56	0.64	0.71	0.67	0.66	0.51	-0.51	0.72	-0.51	0.47	0.0	0.67	0.67		-0.04	0.67	0.66	0.61	-0.01	0.37	-0.66	0.69	0.42
Other Stockholder Equity	-0.18	0.07	-0.03	-0.25	-0.3	-0.07	0.16	-0.28	-0.31	-0.5	-0.09	-0.5	-0.4	-0.37	0.14	-0.09	-0.04		0.0	0.08	-0.3	-0.41	0.24	-0.12	0.16	0.24
Total Liab	0.94	0.95	0.95	0.9	0.81	0.93	0.97	0.8	0.87	-0.55	0.93	-0.55	0.85	0.46	0.97	0.95	0.67	0.0		0.88	0.91	0.1	0.41	-0.78	0.88	0.73
Property Plant And Equipment Gross	0.87	0.85	0.93	0.7	0.79	0.96	0.87	0.8	0.62	-0.7	0.9	-0.7	0.66	0.24	0.9	0.94	0.66	0.08	0.88		0.79	-0.17	0.22	-0.96	0.82	0.85
Total Current Assets	0.98	0.78	0.91	0.95	0.94	0.91	0.78	0.93	0.94	-0.25	0.94	-0.25	0.97	0.61	0.8	0.95	0.61	-0.3	0.91	0.79		0.18	0.37	-0.63	0.83	0.69
Short Term Debt	0.07	0.06	-0.03	0.37	0.04	-0.07	0.03	0.01	0.35	0.4	0.0	0.4	0.33	0.35	-0.06	0.0	-0.01	-0.41	0.1	-0.17	0.18		0.08	0.25	-0.06	-0.22
Intangible Assets	0.45	0.31	0.36	0.44	0.43	0.29	0.39	0.45	0.48	-0.25	0.48	-0.25	0.32	-0.05	0.36	0.37	0.37	0.24	0.41	0.22	0.37	0.08		-0.16	0.69	0.3
Non Currrent Assets Other	-0.73	-0.79	-0.83	-0.55	-0.64	-0.86	-0.82	-0.66	-0.46	0.78	-0.78	0.78	-0.49	-0.01	-0.84	-0.82	-0.66	-0.12	-0.78	-0.96	-0.63	0.25	-0.16		-0.71	-0.77
Good Will	0.91	0.77	0.9	0.81	0.86	0.88	0.84	0.87	0.77	-0.54	0.94	-0.54	0.71	0.26	0.85	0.91	0.69	0.16	0.88	0.82	0.83	-0.06	0.69	-0.71		0.79
Current Deferred Revenue	0.76	0.64	0.81	0.62	0.71	0.81	0.68	0.72	0.52	-0.48	0.78	-0.48	0.59	0.23	0.73	0.83	0.42	0.24	0.73	0.85	0.69	-0.22	0.3	-0.77	0.79

Click cells to compare fundamentals

Exco Technologies Account Relationship Matchups

Exco Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	409.8M	430.1M	576.3M	612.1M	703.9M	739.1M
Short Long Term Debt Total	6.5M	5.5M	114.0M	116.4M	133.8M	140.5M
Other Current Liab	27.4M	29.6M	46.3M	43.1M	49.5M	52.0M
Total Current Liabilities	67.4M	73.8M	107.9M	107.2M	123.3M	129.5M
Total Stockholder Equity	331.0M	345.1M	348.5M	371.0M	426.7M	448.0M
Property Plant And Equipment Net	131.0M	149.5M	207.1M	222.4M	255.8M	268.6M
Net Debt	(26.6M)	(18.6M)	97.0M	100.6M	115.6M	121.4M
Retained Earnings	267.0M	289.9M	289.7M	299.6M	344.6M	361.8M
Accounts Payable	32.9M	33.8M	51.4M	54.0M	62.1M	65.3M
Cash	33.1M	24.1M	17.0M	15.8M	18.2M	21.1M
Non Current Assets Total	227.7M	238.4M	331.9M	345.9M	397.8M	417.7M
Cash And Short Term Investments	33.1M	24.1M	17.0M	15.8M	18.2M	21.1M
Net Receivables	79.5M	85.9M	108.7M	129.2M	148.5M	156.0M
Common Stock Shares Outstanding	39.9M	39.3M	39.1M	38.9M	44.7M	44.9M
Liabilities And Stockholders Equity	409.8M	430.1M	576.3M	612.1M	703.9M	739.1M
Non Current Liabilities Total	11.4M	11.3M	119.9M	133.8M	153.9M	161.6M
Inventory	61.2M	77.8M	98.0M	111.2M	127.8M	134.2M
Other Current Assets	9.2M	4.0M	26.1M	10.1M	11.6M	12.1M
Other Stockholder Equity	4.7M	5.1M	5.4M	5.8M	5.2M	9.1M
Total Liab	78.8M	85.1M	227.8M	241.1M	277.2M	291.1M
Property Plant And Equipment Gross	131.0M	354.7M	431.3M	467.5M	537.6M	564.4M
Total Current Assets	182.1M	191.7M	244.4M	266.2M	306.1M	321.4M
Accumulated Other Comprehensive Income	10.4M	1.1M	4.6M	16.8M	19.4M	20.3M
Short Term Debt	3.5M	5.5M	12.4M	5.0M	4.5M	8.1M
Intangible Assets	30.5M	25.8M	34.4M	30.6M	27.5M	24.6M
Non Currrent Assets Other	46K	(237.1M)	(330.2M)	(344.4M)	(309.9M)	(294.4M)
Good Will	65.0M	61.9M	88.7M	91.3M	105.0M	110.3M
Current Deferred Revenue	3.6M	4.8M	3.2M	5.2M	5.9M	6.2M
Common Stock	50.5M	49.0M	49.0M	48.8M	56.1M	52.6M
Other Liab	8.9M	8.4M	11.3M	18.3M	21.0M	22.1M
Net Tangible Assets	229.8M	235.5M	257.4M	225.4M	259.2M	237.0M
Other Assets	1.2M	1.2M	1.3M	1.6M	1.5M	1.4M
Long Term Debt	3M	0.0	95M	105M	120.8M	126.8M
Short Long Term Debt	3.5M	5.5M	12.4M	5.0M	5.7M	8.9M
Property Plant Equipment	126.8M	131.0M	149.5M	207.1M	238.2M	141.7M
Long Term Debt Total	17.1M	3M	0.0	101.7M	116.9M	122.7M
Capital Surpluse	4.3M	4.7M	5.1M	5.4M	6.2M	4.8M
Cash And Equivalents	26.5M	33.1M	24.1M	17.0M	15.3M	22.3M
Net Invested Capital	337.5M	350.6M	455.9M	481.0M	553.1M	421.9M

Pair Trading with Exco Technologies

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Exco Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Exco Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving together with Exco Stock

0.64	FFH	Fairfax Financial	Pair Corr
0.62	FFH-PC	Fairfax Fin Hld	Pair Corr

The ability to find closely correlated positions to Exco Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Exco Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Exco Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Exco Technologies Limited to buy it.

The correlation of Exco Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Exco Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Exco Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Exco Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Exco Stock

Balance Sheet is a snapshot of the financial position of Exco Technologies at a specified time, usually calculated after every quarter, six months, or one year. Exco Technologies Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Exco Technologies 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 Exco currently owns. An asset can also be divided into two categories, current and non-current.

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Exco Gross Profit vs Income Before Tax Analysis

Gross Profit vs Income Before Tax

Gross Profit vs Income Before Tax Correlation Analysis

Correlation Coefficient

Gross Profit

Income Before Tax

Exco Technologies fundamental ratios Correlations

Exco Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Exco Technologies fundamental ratios Accounts

Pair Trading with Exco Technologies

Moving together with Exco Stock

Other Information on Investing in Exco Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Inventory	+ 0.99	Property Plant And Equipment Net
Non Current Liabilities Total	+ 0.99	Net Debt

Non Currrent Assets Other	- 0.96	Property Plant And Equipment Gross
Non Currrent Assets Other	- 0.86	Property Plant And Equipment Net
Non Currrent Assets Other	- 0.84	Non Current Liabilities Total
Non Currrent Assets Other	- 0.83	Other Current Liab
Non Currrent Assets Other	- 0.82	Inventory
Non Currrent Assets Other	- 0.82	Net Debt