Abingdon Income Before Tax vs Gross Profit Analysis

ABDX Stock

7.25 0.50 6.45%

Abingdon Health financial indicator trend analysis is way more than just evaluating Abingdon Health Plc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Abingdon Health Plc is a good investment. Please check the relationship between Abingdon Health Income Before Tax and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Abingdon Health Plc. 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.

Income Before Tax vs Gross Profit

Income Before Tax vs Gross Profit Correlation Analysis

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

The correlation between Abingdon Health's Income Before Tax and Gross Profit is 0.62. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Abingdon Health Plc, assuming nothing else is changed. The correlation between historical values of Abingdon Health's Income Before Tax and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Abingdon Health Plc are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Income Before Tax i.e., Abingdon Health's Income Before Tax and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.62

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Abingdon Health income statement and is an important metric when analyzing Abingdon Health Plc 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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Abingdon Health Plc minus its cost of goods sold. It is profit before Abingdon Health 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.

Most indicators from Abingdon Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Abingdon Health Plc 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 Abingdon Health Plc. 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.

Tax Provision is likely to gain to about (465.3 K) in 2024. Selling General Administrative is likely to drop to about 3.5 M in 2024

	2021	2022	2023	2024 (projected)
Other Operating Expenses	14.9M	7.9M	7.5M	10.5M
Depreciation And Amortization	1.6M	673K	426K	793.0K

Other Operating Expenses Depreciation And Amortization

Abingdon Health fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Cash	Cash And Short Term Investments	Net Receivables	Good Will	Capital Surpluse	Inventory	Other Current Assets	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Other Current Liab	Property Plant And Equipment Net	Net Debt	Accounts Payable	Non Current Assets Total	Other Assets	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total
Total Assets		0.07	0.88	0.85	0.22	0.71	0.71	0.89	-0.39	0.88	0.97	0.23	0.72	0.96	0.28	0.52	0.97	0.95	0.97	-0.76	0.92	0.63	0.75	0.28	-0.13	0.5
Short Long Term Debt Total	0.07		0.12	-0.44	-0.03	0.4	0.4	-0.13	0.03	0.11	-0.06	-0.83	0.7	0.07	0.01	-0.21	-0.03	0.13	0.04	0.1	-0.01	-0.22	0.18	0.18	0.03	-0.02
Total Current Liabilities	0.88	0.12		0.65	-0.07	0.89	0.89	0.86	-0.69	0.7	0.81	0.21	0.76	0.95	-0.17	0.63	0.92	0.86	0.93	-0.68	0.93	0.34	0.87	0.51	0.09	0.48
Total Stockholder Equity	0.85	-0.44	0.65		0.37	0.34	0.34	0.8	-0.2	0.76	0.89	0.6	0.23	0.76	0.4	0.44	0.85	0.76	0.82	-0.66	0.74	0.78	0.55	0.03	-0.27	0.35
Retained Earnings	0.22	-0.03	-0.07	0.37		-0.27	-0.27	-0.05	0.73	0.36	0.25	0.09	-0.08	-0.05	0.83	-0.59	0.18	0.1	0.13	0.26	-0.14	0.78	0.23	-0.66	-0.95	-0.59
Cash	0.71	0.4	0.89	0.34	-0.27		1.0	0.61	-0.76	0.57	0.63	-0.18	0.85	0.81	-0.32	0.62	0.76	0.76	0.79	-0.68	0.79	0.07	0.79	0.62	0.26	0.48
Cash And Short Term Investments	0.71	0.4	0.89	0.34	-0.27	1.0		0.61	-0.76	0.57	0.63	-0.18	0.85	0.81	-0.32	0.62	0.76	0.76	0.79	-0.68	0.79	0.07	0.79	0.62	0.26	0.48
Net Receivables	0.89	-0.13	0.86	0.8	-0.05	0.61	0.61		-0.52	0.65	0.81	0.51	0.58	0.94	0.01	0.72	0.85	0.8	0.84	-0.75	0.96	0.4	0.56	0.37	0.14	0.64
Good Will	-0.39	0.03	-0.69	-0.2	0.73	-0.76	-0.76	-0.52		-0.2	-0.36	-0.09	-0.44	-0.61	0.72	-0.82	-0.5	-0.48	-0.52	0.63	-0.66	0.28	-0.46	-0.77	-0.69	-0.66
Capital Surpluse	0.88	0.11	0.7	0.76	0.36	0.57	0.57	0.65	-0.2		0.91	0.04	0.61	0.78	0.45	0.25	0.85	0.93	0.88	-0.64	0.72	0.6	0.7	0.32	-0.21	0.41
Inventory	0.97	-0.06	0.81	0.89	0.25	0.63	0.63	0.81	-0.36	0.91		0.22	0.59	0.9	0.35	0.48	0.96	0.96	0.97	-0.78	0.85	0.69	0.72	0.25	-0.16	0.5
Other Current Assets	0.23	-0.83	0.21	0.6	0.09	-0.18	-0.18	0.51	-0.09	0.04	0.22		-0.37	0.24	-0.05	0.36	0.25	0.06	0.18	-0.18	0.33	0.3	0.03	-0.08	-0.05	0.1
Total Liab	0.72	0.7	0.76	0.23	-0.08	0.85	0.85	0.58	-0.44	0.61	0.59	-0.37		0.76	-0.02	0.37	0.65	0.74	0.7	-0.52	0.7	0.13	0.65	0.47	0.13	0.45
Total Current Assets	0.96	0.07	0.95	0.76	-0.05	0.81	0.81	0.94	-0.61	0.78	0.9	0.24	0.76		0.01	0.7	0.95	0.93	0.96	-0.83	0.99	0.42	0.73	0.47	0.13	0.64
Intangible Assets	0.28	0.01	-0.17	0.4	0.83	-0.32	-0.32	0.01	0.72	0.45	0.35	-0.05	-0.02	0.01		-0.44	0.16	0.21	0.15	0.01	-0.08	0.73	-0.03	-0.58	-0.71	-0.21
Common Stock	0.52	-0.21	0.63	0.44	-0.59	0.62	0.62	0.72	-0.82	0.25	0.48	0.36	0.37	0.7	-0.44		0.55	0.52	0.55	-0.86	0.79	-0.11	0.24	0.56	0.65	0.81
Property Plant Equipment	0.97	-0.03	0.92	0.85	0.18	0.76	0.76	0.85	-0.5	0.85	0.96	0.25	0.65	0.95	0.16	0.55		0.94	0.99	-0.77	0.91	0.61	0.84	0.32	-0.12	0.45
Other Current Liab	0.95	0.13	0.86	0.76	0.1	0.76	0.76	0.8	-0.48	0.93	0.96	0.06	0.74	0.93	0.21	0.52	0.94		0.97	-0.8	0.89	0.49	0.74	0.44	0.02	0.61
Property Plant And Equipment Net	0.97	0.04	0.93	0.82	0.13	0.79	0.79	0.84	-0.52	0.88	0.97	0.18	0.7	0.96	0.15	0.55	0.99	0.97		-0.78	0.91	0.57	0.83	0.38	-0.06	0.51
Net Debt	-0.76	0.1	-0.68	-0.66	0.26	-0.68	-0.68	-0.75	0.63	-0.64	-0.78	-0.18	-0.52	-0.83	0.01	-0.86	-0.77	-0.8	-0.78		-0.86	-0.23	-0.4	-0.51	-0.38	-0.81
Accounts Payable	0.92	-0.01	0.93	0.74	-0.14	0.79	0.79	0.96	-0.66	0.72	0.85	0.33	0.7	0.99	-0.08	0.79	0.91	0.89	0.91	-0.86		0.32	0.66	0.52	0.24	0.7
Non Current Assets Total	0.63	-0.22	0.34	0.78	0.78	0.07	0.07	0.4	0.28	0.6	0.69	0.3	0.13	0.42	0.73	-0.11	0.61	0.49	0.57	-0.23	0.32		0.48	-0.42	-0.77	-0.18
Other Assets	0.75	0.18	0.87	0.55	0.23	0.79	0.79	0.56	-0.46	0.7	0.72	0.03	0.65	0.73	-0.03	0.24	0.84	0.74	0.83	-0.4	0.66	0.48		0.32	-0.26	0.07
Common Stock Total Equity	0.28	0.18	0.51	0.03	-0.66	0.62	0.62	0.37	-0.77	0.32	0.25	-0.08	0.47	0.47	-0.58	0.56	0.32	0.44	0.38	-0.51	0.52	-0.42	0.32		0.69	0.65
Common Stock Shares Outstanding	-0.13	0.03	0.09	-0.27	-0.95	0.26	0.26	0.14	-0.69	-0.21	-0.16	-0.05	0.13	0.13	-0.71	0.65	-0.12	0.02	-0.06	-0.38	0.24	-0.77	-0.26	0.69		0.74
Non Current Liabilities Total	0.5	-0.02	0.48	0.35	-0.59	0.48	0.48	0.64	-0.66	0.41	0.5	0.1	0.45	0.64	-0.21	0.81	0.45	0.61	0.51	-0.81	0.7	-0.18	0.07	0.65	0.74

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Abingdon Health Account Relationship Matchups

Abingdon Health fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.3M	11.0M	33.2M	12.8M	6.1M	5.1M
Short Long Term Debt Total	503.6K	4.8M	1.5M	1.3M	1.0M	1.0M
Total Current Liabilities	844.5K	7.0M	10.8M	5.3M	2.1M	1.8M
Total Stockholder Equity	6.1M	2.7M	21.3M	6.4M	3.0M	2.2M
Retained Earnings	(7.2M)	(10.5M)	(3.0M)	(24.1M)	(27.5M)	(28.8M)
Cash	866.2K	4.4M	5.0M	2.4M	3.2M	1.4M
Cash And Short Term Investments	866.2K	4.4M	5.0M	2.4M	3.2M	1.4M
Net Receivables	966.5K	1.5M	9.1M	6.7M	699K	1.1M
Inventory	406.4K	779K	7.9M	534K	329K	441K
Other Current Assets	966.5K	491K	968K	1.4M	498K	584K
Total Liab	1.2M	8.2M	11.9M	6.3M	3.1M	2.8M
Total Current Assets	2.2M	7.2M	23.0M	11.0M	4.8M	3.5M
Intangible Assets	779.5K	16K	1.2M	36K	90K	153K
Property Plant Equipment	552.3K	3.0M	9.0M	1.8M	1.2M	215.7K
Other Current Liab	1.4M	6.0M	944K	826K	998K	1.7M
Property Plant And Equipment Net	3.0M	9.0M	1.8M	1.2M	997K	947.2K
Net Debt	383.5K	(3.5M)	(1.1M)	(2.2M)	(391K)	(410.6K)
Accounts Payable	1.1M	4.2M	2.5M	1.1M	605K	574.8K
Non Current Assets Total	3.8M	10.3M	1.8M	1.3M	1.5M	1.5M
Liabilities And Stockholders Equity	11.0M	33.2M	12.8M	6.1M	5.1M	9.4M
Non Current Liabilities Total	229K	1.1M	1.0M	932.0K	1.0M	815.3K
Capital Lease Obligations	1.2M	1.0M	730K	311K	279.9K	265.9K
Other Stockholder Equity	13.2M	13.2M	24.2M	30.3M	30.8M	24.2M
Net Invested Capital	6.3M	21.8M	7.0M	3.7M	4.3M	4.1M
Property Plant And Equipment Gross	3.0M	11.3M	11.3M	10.6M	12.1M	6.8M
Net Working Capital	197.3K	12.2M	5.6M	2.6M	3.0M	4.2M
Short Term Debt	3.5M	352K	265K	87K	120K	114K
Current Deferred Revenue	939.5K	5.4M	440K	50K	395K	375.3K
Accumulated Other Comprehensive Income	69.9K	44K	153K	80K	169K	100.8K

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Abingdon Income Before Tax vs Gross Profit Analysis

Income Before Tax vs Gross Profit

Income Before Tax vs Gross Profit Correlation Analysis

Correlation Coefficient

Income Before Tax

Gross Profit

Abingdon Health fundamental ratios Correlations

Abingdon Health Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Abingdon Health fundamental ratios Accounts

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Additional Tools for Abingdon Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Accounts Payable	+ 0.99	Total Current Assets
Property Plant And Equipment Net	+ 0.99	Property Plant Equipment
Inventory	+ 0.97	Total Assets
Property Plant Equipment	+ 0.97	Total Assets
Property Plant And Equipment Net	+ 0.97	Total Assets

Common Stock Shares Outstanding	- 0.95	Retained Earnings
Accounts Payable	- 0.86	Net Debt
Net Debt	- 0.86	Common Stock
Net Debt	- 0.83	Total Current Assets
Other Current Assets	- 0.83	Short Long Term Debt Total
Common Stock	- 0.82	Good Will