Air Income Before Tax vs Selling General Administrative Analysis

AIRT Stock

USD 20.21 0.82 4.23%

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

Income Before Tax vs Selling General Administrative

Income Before Tax vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Air T Inc Income Before Tax account and Selling General Administrative. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Air T's Income Before Tax and Selling General Administrative is -0.37. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Air T Inc, assuming nothing else is changed. The correlation between historical values of Air T's Income Before Tax and Selling General Administrative 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 Air T Inc are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Income Before Tax i.e., Air T's Income Before Tax and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

-0.37

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Income Before Tax

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

Selling General Administrative

Most indicators from Air T's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Air T Inc 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 Air T Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

At this time, Air T's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 765.5 K in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.10 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	39.4M	48.8M	56.5M	59.3M
Total Revenue	177.1M	247.3M	286.8M	301.2M

Gross Profit Total Revenue

Air T fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock Total Equity	Common Stock
Total Assets		0.99	0.69	0.83	-0.45	0.92	0.98	-0.03	0.11	0.97	0.63	-0.02	0.78	-0.84	0.96	0.97	0.9	-0.86	0.99	0.88	0.98	0.66	0.83	0.45	0.43	0.48
Short Long Term Debt Total	0.99		0.67	0.8	-0.56	0.91	1.0	-0.16	0.04	0.97	0.66	-0.11	0.74	-0.78	0.97	0.96	0.9	-0.83	0.99	0.88	0.96	0.64	0.86	0.39	0.48	0.53
Other Current Liab	0.69	0.67		0.72	-0.12	0.73	0.64	0.16	0.32	0.64	0.58	0.23	0.49	-0.68	0.58	0.68	0.54	-0.57	0.67	0.67	0.71	0.61	0.37	0.11	0.43	0.43
Total Current Liabilities	0.83	0.8	0.72		-0.38	0.87	0.8	-0.05	0.12	0.82	0.62	0.01	0.63	-0.78	0.66	0.77	0.56	-0.72	0.82	0.76	0.8	0.92	0.54	0.48	0.28	0.32
Total Stockholder Equity	-0.45	-0.56	-0.12	-0.38		-0.44	-0.58	0.89	0.3	-0.56	-0.62	0.45	-0.19	0.11	-0.57	-0.45	-0.44	0.42	-0.55	-0.45	-0.36	-0.27	-0.58	-0.19	-0.26	-0.34
Property Plant And Equipment Net	0.92	0.91	0.73	0.87	-0.44		0.92	-0.09	0.06	0.94	0.66	-0.08	0.65	-0.69	0.85	0.86	0.76	-0.71	0.92	0.94	0.87	0.77	0.73	0.32	0.48	0.51
Net Debt	0.98	1.0	0.64	0.8	-0.58	0.92		-0.19	0.0	0.98	0.67	-0.15	0.72	-0.75	0.97	0.96	0.91	-0.83	0.99	0.87	0.95	0.65	0.87	0.39	0.51	0.55
Retained Earnings	-0.03	-0.16	0.16	-0.05	0.89	-0.09	-0.19		0.42	-0.17	-0.41	0.54	0.15	-0.31	-0.17	-0.03	-0.06	0.02	-0.14	-0.1	0.08	-0.03	-0.28	0.03	-0.13	-0.19
Cash	0.11	0.04	0.32	0.12	0.3	0.06	0.0	0.42		0.0	-0.24	0.94	0.0	-0.29	0.03	0.11	-0.05	-0.05	0.06	-0.02	0.19	0.17	-0.18	-0.13	0.03	0.03
Non Current Assets Total	0.97	0.97	0.64	0.82	-0.56	0.94	0.98	-0.17	0.0		0.64	-0.13	0.77	-0.72	0.94	0.9	0.84	-0.8	0.98	0.91	0.91	0.67	0.89	0.4	0.4	0.46
Non Currrent Assets Other	0.63	0.66	0.58	0.62	-0.62	0.66	0.67	-0.41	-0.24	0.64		-0.26	0.5	-0.51	0.62	0.6	0.61	-0.75	0.68	0.68	0.59	0.4	0.49	0.51	0.2	0.23
Cash And Short Term Investments	-0.02	-0.11	0.23	0.01	0.45	-0.08	-0.15	0.54	0.94	-0.13	-0.26		-0.04	-0.23	-0.1	-0.03	-0.14	-0.06	-0.07	-0.13	0.07	0.03	-0.29	-0.08	-0.12	-0.13
Net Receivables	0.78	0.74	0.49	0.63	-0.19	0.65	0.72	0.15	0.0	0.77	0.5	-0.04		-0.76	0.73	0.65	0.7	-0.72	0.76	0.68	0.75	0.39	0.76	0.67	-0.06	-0.01
Common Stock Shares Outstanding	-0.84	-0.78	-0.68	-0.78	0.11	-0.69	-0.75	-0.31	-0.29	-0.72	-0.51	-0.23	-0.76		-0.72	-0.84	-0.72	0.82	-0.8	-0.68	-0.89	-0.59	-0.49	-0.64	-0.21	-0.26
Non Current Liabilities Total	0.96	0.97	0.58	0.66	-0.57	0.85	0.97	-0.17	0.03	0.94	0.62	-0.1	0.73	-0.72		0.94	0.95	-0.82	0.97	0.84	0.94	0.47	0.89	0.37	0.46	0.52
Inventory	0.97	0.96	0.68	0.77	-0.45	0.86	0.96	-0.03	0.11	0.9	0.6	-0.03	0.65	-0.84	0.94		0.92	-0.84	0.96	0.81	0.98	0.63	0.74	0.38	0.55	0.58
Other Current Assets	0.9	0.9	0.54	0.56	-0.44	0.76	0.91	-0.06	-0.05	0.84	0.61	-0.14	0.7	-0.72	0.95	0.92		-0.82	0.9	0.74	0.91	0.35	0.81	0.45	0.47	0.51
Other Stockholder Equity	-0.86	-0.83	-0.57	-0.72	0.42	-0.71	-0.83	0.02	-0.05	-0.8	-0.75	-0.06	-0.72	0.82	-0.82	-0.84	-0.82		-0.86	-0.7	-0.87	-0.48	-0.67	-0.63	-0.24	-0.29
Total Liab	0.99	0.99	0.67	0.82	-0.55	0.92	0.99	-0.14	0.06	0.98	0.68	-0.07	0.76	-0.8	0.97	0.96	0.9	-0.86		0.88	0.97	0.65	0.84	0.45	0.44	0.49
Property Plant And Equipment Gross	0.88	0.88	0.67	0.76	-0.45	0.94	0.87	-0.1	-0.02	0.91	0.68	-0.13	0.68	-0.68	0.84	0.81	0.74	-0.7	0.88		0.83	0.57	0.71	0.38	0.31	0.37
Total Current Assets	0.98	0.96	0.71	0.8	-0.36	0.87	0.95	0.08	0.19	0.91	0.59	0.07	0.75	-0.89	0.94	0.98	0.91	-0.87	0.97	0.83		0.64	0.75	0.45	0.45	0.48
Short Term Debt	0.66	0.64	0.61	0.92	-0.27	0.77	0.65	-0.03	0.17	0.67	0.4	0.03	0.39	-0.59	0.47	0.63	0.35	-0.48	0.65	0.57	0.64		0.39	0.19	0.43	0.43
Intangible Assets	0.83	0.86	0.37	0.54	-0.58	0.73	0.87	-0.28	-0.18	0.89	0.49	-0.29	0.76	-0.49	0.89	0.74	0.81	-0.67	0.84	0.71	0.75	0.39		0.31	0.35	0.41
Accounts Payable	0.45	0.39	0.11	0.48	-0.19	0.32	0.39	0.03	-0.13	0.4	0.51	-0.08	0.67	-0.64	0.37	0.38	0.45	-0.63	0.45	0.38	0.45	0.19	0.31		-0.35	-0.28
Common Stock Total Equity	0.43	0.48	0.43	0.28	-0.26	0.48	0.51	-0.13	0.03	0.4	0.2	-0.12	-0.06	-0.21	0.46	0.55	0.47	-0.24	0.44	0.31	0.45	0.43	0.35	-0.35		0.98
Common Stock	0.48	0.53	0.43	0.32	-0.34	0.51	0.55	-0.19	0.03	0.46	0.23	-0.13	-0.01	-0.26	0.52	0.58	0.51	-0.29	0.49	0.37	0.48	0.43	0.41	-0.28	0.98

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Air T Account Relationship Matchups

Air T fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	151.4M	140.8M	207.6M	189.6M	177.2M	186.0M
Short Long Term Debt Total	94.5M	95.9M	144.0M	137.5M	125.2M	131.5M
Other Current Liab	11.2M	11.4M	11.9M	11.5M	8.2M	4.2M
Total Current Liabilities	67.7M	28.2M	30.9M	64.3M	46.8M	49.2M
Total Stockholder Equity	24.0M	13.7M	24.6M	11.9M	4.8M	4.5M
Property Plant And Equipment Net	41.3M	18.4M	43.1M	33.2M	32.2M	33.8M
Net Debt	88.5M	84.9M	138.4M	131.7M	118.1M	124.0M
Retained Earnings	23.8M	16.3M	26.7M	13.7M	8.2M	9.6M
Cash	6.0M	11.0M	5.6M	5.8M	7.1M	4.1M
Non Current Assets Total	52.9M	35.0M	79.4M	73.0M	74.3M	78.0M
Non Currrent Assets Other	30K	7.3M	219K	1.5M	1.4M	1.5M
Cash And Short Term Investments	7.6M	12.4M	6.5M	5.8M	7.1M	5.4M
Net Receivables	14.3M	10.9M	32.1M	28.7M	26.0M	27.3M
Common Stock Shares Outstanding	2.8M	2.9M	2.9M	2.8M	2.8M	3.1M
Liabilities And Stockholders Equity	151.4M	140.8M	207.6M	189.6M	177.2M	186.0M
Non Current Liabilities Total	52.6M	91.3M	140.2M	99.6M	111.5M	117.1M
Inventory	60.6M	72.0M	75.2M	71.1M	60.7M	63.8M
Other Current Assets	5.3M	10.5M	14.5M	9.2M	9.1M	9.5M
Other Stockholder Equity	19K	(2.6M)	(2.6M)	(3.4M)	(4.1M)	(3.9M)
Total Liab	120.3M	119.4M	171.1M	163.9M	158.4M	166.3M
Property Plant And Equipment Gross	41.3M	18.4M	49.3M	21.4M	40.2M	42.2M
Total Current Assets	98.5M	105.8M	128.2M	116.6M	102.9M	108.0M
Accumulated Other Comprehensive Income	(537K)	(684K)	(263K)	816K	(80K)	(84K)
Short Term Debt	43.9M	8.4M	9.4M	42.1M	17.9M	18.8M
Intangible Assets	749K	1.6M	13.3M	12.1M	11.0M	11.5M
Accounts Payable	10.9M	8.3M	9.4M	10.4M	15.1M	15.8M
Common Stock Total Equity	510.9K	505.7K	756K	757K	681.3K	515.6K
Short Term Investments	1.7M	1.4M	859K	2.2M	1.4M	1.8M
Other Liab	1.1M	1.7M	4.2M	2.5M	2.8M	1.7M
Other Assets	609K	7.9M	3.0M	3.9M	4.5M	2.5M
Long Term Debt	43.1M	81.9M	129.3M	86.3M	98.6M	103.5M
Property Plant Equipment	5.3M	18.4M	43.1M	21.4M	24.7M	25.9M
Current Deferred Revenue	1.9M	1.4M	4.7M	304K	5.6M	5.8M
Net Tangible Assets	25.1M	9.5M	1.2M	1.9M	1.8M	1.7M
Noncontrolling Interest In Consolidated Entity	(1.0M)	1.0M	989K	1.1M	1.2M	1.3M
Retained Earnings Total Equity	21.2M	23.8M	16.3M	13.7M	12.3M	16.8M
Capital Surpluse	4.2M	2.9M	2.6M	728K	655.2K	622.4K

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