Above Income Before Tax vs Net Income Analysis

ABVEW Stock

0.02 0 23.46%

Above Food financial indicator trend analysis is way more than just evaluating Above Food Ingredients prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Above Food Ingredients is a good investment. Please check the relationship between Above Food Income Before Tax and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Above Food Ingredients. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Income Before Tax vs Net Income

Income Before Tax vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Above Food Ingredients Income Before Tax account and Net Income. At this time, the significance of the direction appears to have totally related.

The correlation between Above Food's Income Before Tax and Net Income is 1.0. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Net Income in the same time period over historical financial statements of Above Food Ingredients, assuming nothing else is changed. The correlation between historical values of Above Food's Income Before Tax 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 Income Before Tax of Above Food Ingredients 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 Income Before Tax i.e., Above Food's Income Before Tax and Net Income go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

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Income Before Tax

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

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Above Food Ingredients financial statement analysis. It represents the amount of money remaining after all of Above Food Ingredients operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Above Food's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Above Food Ingredients 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 Above Food Ingredients. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

At this time, Above Food's Tax Provision is fairly stable compared to the past year. Enterprise Value is likely to climb to about 343.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 24.2 M in 2024.

	2010	2022	2023	2024 (projected)
Depreciation And Amortization	1.4M	3.0M	3.6M	2.9M
Interest Income	82.3K	296.5K	245.3K	228.8K

Depreciation And Amortization Interest Income

Above Food fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Property Plant And Equipment Net	Current Deferred Revenue	Accounts Payable	Long Term Debt	Net Receivables	Good Will	Non Current Liabilities Total	Capital Lease Obligations	Inventory
Total Assets		0.89	-0.47	0.63	0.87	0.89	-0.62	0.17	0.88	-0.83	0.17	-0.4	0.98	0.58	0.58	0.76	0.73	0.51	0.58	0.54	-0.56	-0.24	-0.4	0.52	0.44	-0.6
Short Long Term Debt Total	0.89		-0.66	0.88	0.59	1.0	-0.89	-0.26	0.61	-0.83	-0.26	-0.7	0.85	0.88	0.88	0.75	0.36	0.73	0.77	0.73	-0.8	-0.49	-0.51	0.73	0.71	-0.85
Other Current Liab	-0.47	-0.66		-0.9	-0.12	-0.66	0.82	0.19	-0.13	0.85	0.19	0.66	-0.55	-0.8	-0.8	-0.89	0.09	-0.99	-0.87	-0.99	0.97	-0.09	0.96	-0.49	-0.86	0.84
Total Current Liabilities	0.63	0.88	-0.9		0.22	0.88	-0.98	-0.43	0.24	-0.82	-0.43	-0.83	0.63	0.98	0.98	0.8	-0.04	0.94	0.92	0.94	-0.98	-0.33	-0.77	0.73	0.88	-0.97
Total Stockholder Equity	0.87	0.59	-0.12	0.22		0.6	-0.18	0.54	1.0	-0.62	0.54	0.1	0.88	0.15	0.15	0.51	0.96	0.16	0.11	0.15	-0.16	-0.03	-0.14	0.06	0.18	-0.13
Net Debt	0.89	1.0	-0.66	0.88	0.6		-0.89	-0.26	0.61	-0.83	-0.26	-0.69	0.85	0.88	0.88	0.75	0.36	0.73	0.77	0.73	-0.8	-0.49	-0.51	0.73	0.71	-0.85
Retained Earnings	-0.62	-0.89	0.82	-0.98	-0.18	-0.89		0.56	-0.2	0.73	0.56	0.9	-0.58	-1.0	-1.0	-0.71	0.08	-0.86	-0.92	-0.87	0.94	0.49	0.64	-0.83	-0.81	0.99
Cash	0.17	-0.26	0.19	-0.43	0.54	-0.26	0.56		0.53	-0.16	1.0	0.73	0.29	-0.59	-0.59	0.16	0.71	-0.23	-0.41	-0.25	0.35	0.76	-0.05	-0.66	-0.29	0.54
Non Current Assets Total	0.88	0.61	-0.13	0.24	1.0	0.61	-0.2	0.53		-0.63	0.53	0.09	0.89	0.16	0.17	0.53	0.96	0.18	0.13	0.16	-0.17	-0.03	-0.15	0.08	0.19	-0.15
Non Currrent Assets Other	-0.83	-0.83	0.85	-0.82	-0.62	-0.83	0.73	-0.16	-0.63		-0.16	0.45	-0.9	-0.7	-0.7	-0.98	-0.44	-0.86	-0.74	-0.86	0.84	-0.08	0.84	-0.4	-0.77	0.72
Cash And Short Term Investments	0.17	-0.26	0.19	-0.43	0.54	-0.26	0.56	1.0	0.53	-0.16		0.73	0.29	-0.59	-0.59	0.16	0.71	-0.23	-0.41	-0.25	0.35	0.76	-0.05	-0.66	-0.29	0.54
Common Stock Shares Outstanding	-0.4	-0.7	0.66	-0.83	0.1	-0.69	0.9	0.73	0.09	0.45	0.73		-0.31	-0.89	-0.89	-0.49	0.31	-0.65	-0.91	-0.74	0.78	0.55	0.45	-0.96	-0.52	0.94
Other Stockholder Equity	0.98	0.85	-0.55	0.63	0.88	0.85	-0.58	0.29	0.89	-0.9	0.29	-0.31		0.54	0.54	0.84	0.75	0.58	0.56	0.59	-0.59	-0.07	-0.53	0.39	0.51	-0.56
Total Liab	0.58	0.88	-0.8	0.98	0.15	0.88	-1.0	-0.59	0.16	-0.7	-0.59	-0.89	0.54		1.0	0.67	-0.12	0.85	0.89	0.86	-0.93	-0.52	-0.62	0.82	0.82	-0.97
Total Current Assets	0.58	0.88	-0.8	0.98	0.15	0.88	-1.0	-0.59	0.17	-0.7	-0.59	-0.89	0.54	1.0		0.67	-0.12	0.85	0.89	0.85	-0.93	-0.52	-0.62	0.82	0.82	-0.97
Short Term Debt	0.76	0.75	-0.89	0.8	0.51	0.75	-0.71	0.16	0.53	-0.98	0.16	-0.49	0.84	0.67	0.67		0.35	0.87	0.8	0.9	-0.85	0.18	-0.89	0.43	0.7	-0.73
Common Stock	0.73	0.36	0.09	-0.04	0.96	0.36	0.08	0.71	0.96	-0.44	0.71	0.31	0.75	-0.12	-0.12	0.35		-0.07	-0.09	-0.07	0.09	0.12	0.02	-0.12	-0.07	0.11
Property Plant And Equipment Net	0.51	0.73	-0.99	0.94	0.16	0.73	-0.86	-0.23	0.18	-0.86	-0.23	-0.65	0.58	0.85	0.85	0.87	-0.07		0.84	0.98	-0.98	-0.01	-0.93	0.48	0.93	-0.85
Current Deferred Revenue	0.58	0.77	-0.87	0.92	0.11	0.77	-0.92	-0.41	0.13	-0.74	-0.41	-0.91	0.56	0.89	0.89	0.8	-0.09	0.84		0.93	-0.92	-0.23	-0.75	0.84	0.65	-0.97
Accounts Payable	0.54	0.73	-0.99	0.94	0.15	0.73	-0.87	-0.25	0.16	-0.86	-0.25	-0.74	0.59	0.86	0.85	0.9	-0.07	0.98	0.93		-0.98	-0.01	-0.93	0.6	0.83	-0.9
Long Term Debt	-0.56	-0.8	0.97	-0.98	-0.16	-0.8	0.94	0.35	-0.17	0.84	0.35	0.78	-0.59	-0.93	-0.93	-0.85	0.09	-0.98	-0.92	-0.98		0.16	0.87	-0.65	-0.89	0.94
Net Receivables	-0.24	-0.49	-0.09	-0.33	-0.03	-0.49	0.49	0.76	-0.03	-0.08	0.76	0.55	-0.07	-0.52	-0.52	0.18	0.12	-0.01	-0.23	-0.01	0.16		-0.35	-0.66	-0.16	0.42
Good Will	-0.4	-0.51	0.96	-0.77	-0.14	-0.51	0.64	-0.05	-0.15	0.84	-0.05	0.45	-0.53	-0.62	-0.62	-0.89	0.02	-0.93	-0.75	-0.93	0.87	-0.35		-0.27	-0.78	0.67
Non Current Liabilities Total	0.52	0.73	-0.49	0.73	0.06	0.73	-0.83	-0.66	0.08	-0.4	-0.66	-0.96	0.39	0.82	0.82	0.43	-0.12	0.48	0.84	0.6	-0.65	-0.66	-0.27		0.35	-0.87
Capital Lease Obligations	0.44	0.71	-0.86	0.88	0.18	0.71	-0.81	-0.29	0.19	-0.77	-0.29	-0.52	0.51	0.82	0.82	0.7	-0.07	0.93	0.65	0.83	-0.89	-0.16	-0.78	0.35		-0.74
Inventory	-0.6	-0.85	0.84	-0.97	-0.13	-0.85	0.99	0.54	-0.15	0.72	0.54	0.94	-0.56	-0.97	-0.97	-0.73	0.11	-0.85	-0.97	-0.9	0.94	0.42	0.67	-0.87	-0.74

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Above Food Account Relationship Matchups

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Above Income Before Tax vs Net Income Analysis

Income Before Tax vs Net Income

Income Before Tax vs Net Income Correlation Analysis

Correlation Coefficient

Income Before Tax

Net Income

Above Food fundamental ratios Correlations

Above Food Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Above Stock Analysis

COMMON DESTINATIONS

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COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Total Liab
Inventory	+ 0.99	Retained Earnings
Other Stockholder Equity	+ 0.98	Total Assets

Total Current Assets	- 1.0	Retained Earnings
Total Liab	- 1.0	Retained Earnings
Accounts Payable	- 0.99	Other Current Liab
Property Plant And Equipment Net	- 0.99	Other Current Liab
Long Term Debt	- 0.98	Accounts Payable
Long Term Debt	- 0.98	Property Plant And Equipment Net