Société Gross Profit vs Income Before Tax Analysis
| 0MGP Stock | 59.75 0.25 0.42% |
Société BIC financial indicator trend analysis is much more than just breaking down Socit BIC SA prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Socit BIC SA is a good investment. Please check the relationship between Société BIC Gross Profit and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Socit BIC SA. 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 Socit BIC SA Gross Profit account and Income Before Tax. At this time, the significance of the direction appears to have strong relationship.
The correlation between Société BIC's Gross Profit and Income Before Tax is 0.67. 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 Socit BIC SA, assuming nothing else is changed. The correlation between historical values of Société BIC's 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 Socit BIC SA 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., Société BIC's Gross Profit and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.67 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Socit BIC SA minus its cost of goods sold. It is profit before Société BIC 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 Société BIC income statement and is an important metric when analyzing Socit BIC SA 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.Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Société Stock Analysis
When running Société BIC's price analysis, check to measure Société BIC'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 Société BIC is operating at the current time. Most of Société BIC's value examination focuses on studying past and present price action to predict the probability of Société BIC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Société BIC's price. Additionally, you may evaluate how the addition of Société BIC to your portfolios can decrease your overall portfolio volatility.