British Capital Expenditures vs Net Income Analysis
| 0A76 Stock | 38.03 0.46 1.22% |
British American financial indicator trend analysis is way more than just evaluating British American Tobacco prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether British American Tobacco is a good investment. Please check the relationship between British American Capital Expenditures and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in British American Tobacco. 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.
Capital Expenditures vs Net Income
Capital Expenditures vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of British American Tobacco Capital Expenditures account and Net Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between British American's Capital Expenditures and Net Income is 0.95. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Net Income in the same time period over historical financial statements of British American Tobacco, assuming nothing else is changed. The correlation between historical values of British American's Capital Expenditures and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of British American Tobacco are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Capital Expenditures i.e., British American's Capital Expenditures and Net Income go up and down completely randomly.
Correlation Coefficient | 0.95 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Capital Expenditures
Capital Expenditures are funds used by British American Tobacco to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of British American operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in British American Tobacco financial statement analysis. It represents the amount of money remaining after all of British American Tobacco operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from British American's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into British American Tobacco 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in British American Tobacco. 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.
| 2021 | 2022 | 2023 | 2024 (projected) | EBIT | 11.0B | 11.7B | 13.4B | 12.1B | Other Operating Expenses | 5.3B | 6.4B | 5.8B | 4.9B |
British American fundamental ratios Correlations
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British American Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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