British Net Income vs Depreciation Analysis
| 0A76 Stock | 37.12 0.14 0.38% |
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 Net Income and its Depreciation 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.
Net Income vs Depreciation
Net Income vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of British American Tobacco Net Income account and Depreciation. At this time, the significance of the direction appears to have strong relationship.
The correlation between British American's Net Income and Depreciation is 0.7. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Depreciation 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 Net Income and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of British American Tobacco are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Net Income i.e., British American's Net Income and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.7 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
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.Depreciation
Depreciation indicates how much of British American Tobacco value has been used up. For tax purposes British American can deduct the cost of the tangible assets it purchases as business expenses. However, British American Tobacco must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.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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When running British American's price analysis, check to measure British American's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy British American is operating at the current time. Most of British American's value examination focuses on studying past and present price action to predict the probability of British American's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move British American's price. Additionally, you may evaluate how the addition of British American to your portfolios can decrease your overall portfolio volatility.