| AFCC-H Stock | | | CAD 0.89 0.03 3.49% |
Automotive Finco financial indicator trend analysis is way more than just evaluating Automotive Finco Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Automotive Finco Corp is a good investment. Please check the relationship between Automotive Finco Net Income and its Operating Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Automotive Finco Corp. 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.
Net Income vs Operating Income
Net Income vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Automotive Finco Corp Net Income account and
Operating Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Automotive Finco's Net Income and Operating Income is 0.81. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Operating Income in the same time period over historical financial statements of Automotive Finco Corp, assuming nothing else is changed. The correlation between historical values of Automotive Finco's Net Income and Operating 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 Net Income of Automotive Finco Corp are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Net Income i.e., Automotive Finco's Net Income and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.81 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Automotive Finco Corp financial statement analysis. It represents the amount of money remaining after all of Automotive Finco Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Operating Income
Operating Income is the amount of profit realized from Automotive Finco Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Automotive Finco Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most indicators from Automotive Finco's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Automotive Finco Corp 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 Automotive Finco Corp. 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.
The current year's
Selling General Administrative is expected to grow to about 572.8
K. The current year's
Tax Provision is expected to grow to about 1.1
MAutomotive Finco fundamental ratios Correlations
Click cells to compare fundamentals
Automotive Finco Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Automotive Finco fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Other Information on Investing in Automotive Stock
Balance Sheet is a snapshot of the
financial position of Automotive Finco Corp at a specified time, usually calculated after every quarter, six months, or one year. Automotive Finco Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Automotive Finco and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Automotive currently owns. An asset can also be divided into two categories, current and non-current.