ADA Stock | | | 0.45 0.02 4.65% |
Adacel Tech financial indicator trend analysis is way more than just evaluating Adacel Tech prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Adacel Tech is a good investment. Please check the relationship between Adacel Tech Total Revenue and its Income Before Tax accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Adacel Tech. 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.
Total Revenue vs Income Before Tax
Total Revenue vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Adacel Tech Total Revenue account and
Income Before Tax. At this time, the significance of the direction appears to have strong relationship.
The correlation between Adacel Tech's Total Revenue and Income Before Tax is 0.62. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Adacel Tech, assuming nothing else is changed. The correlation between historical values of Adacel Tech's Total Revenue 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 Total Revenue of Adacel Tech 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 Total Revenue i.e., Adacel Tech's Total Revenue and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.62 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Revenue
Total revenue comprises all receipts Adacel Tech generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Adacel Tech income statement and is an important metric when analyzing Adacel Tech 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 Adacel Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Adacel Tech 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 Adacel Tech. 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 544.6
K in 2024, whereas
Selling General Administrative is likely to drop slightly above 16.9
M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Research Development | 507.2K | 360.4K | 1.2M | 1.2M | Total Revenue | 26.1M | 26.9M | 31.0M | 29.9M |
Adacel Tech fundamental ratios Correlations
Click cells to compare fundamentals
Adacel Tech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Adacel Tech fundamental ratios Accounts
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Additional Tools for Adacel Stock Analysis
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