| ABAT Stock | | | 0.93 0.02 2.11% |
American Battery financial indicator trend analysis is way more than just evaluating American Battery Tec prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American Battery Tec is a good investment. Please check the relationship between American Battery Other Operating Expenses and its Income Before Tax accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in American Battery Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
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Other Operating Expenses vs Income Before Tax
Other Operating Expenses vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
American Battery Tec Other Operating Expenses account and
Income Before Tax. At this time, the significance of the direction appears to have pay attention.
The correlation between American Battery's Other Operating Expenses and Income Before Tax is -0.91. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of American Battery Technology, assuming nothing else is changed. The correlation between historical values of American Battery's Other Operating Expenses 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 Other Operating Expenses of American Battery Technology 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 Other Operating Expenses i.e., American Battery's Other Operating Expenses and Income Before Tax go up and down completely randomly.
Correlation Coefficient | -0.91 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of American Battery Tec. It is also known as American Battery overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on American Battery income statement and is an important metric when analyzing American Battery Tec 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 American Battery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American Battery Tec 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 American Battery Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Selling General Administrative is likely to drop to about 10.9
M in 2024.
Issuance Of Capital Stock is likely to drop to about 34.2
M in 2024
American Battery fundamental ratios Correlations
Click cells to compare fundamentals
American Battery Account Relationship Matchups
High Positive Relationship
High Negative Relationship
American Battery fundamental ratios Accounts
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