| ATM Stock | | | 2.75 0.40 17.02% |
AfriTin Mining financial indicator trend analysis is way more than just evaluating AfriTin Mining prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AfriTin Mining is a good investment. Please check the relationship between AfriTin Mining Income Before Tax and its Cost Of Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in AfriTin Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Income Before Tax vs Cost Of Revenue
Income Before Tax vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
AfriTin Mining Income Before Tax account and
Cost Of Revenue. At this time, the significance of the direction appears to have pay attention.
The correlation between AfriTin Mining's Income Before Tax and Cost Of Revenue is -0.87. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of AfriTin Mining, assuming nothing else is changed. The correlation between historical values of AfriTin Mining's Income Before Tax and Cost Of Revenue 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 AfriTin Mining are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Income Before Tax i.e., AfriTin Mining's Income Before Tax and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | -0.87 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on AfriTin Mining income statement and is an important metric when analyzing AfriTin Mining 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.
Cost Of Revenue
Cost of Revenue is found on AfriTin Mining income statement and represents the costs associated with goods and services AfriTin Mining provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from AfriTin Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AfriTin Mining 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 AfriTin Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
At present, AfriTin Mining's
Tax Provision is projected to decrease significantly based on the last few years of reporting.
AfriTin Mining fundamental ratios Correlations
Click cells to compare fundamentals
AfriTin Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AfriTin Mining fundamental ratios Accounts
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Other Information on Investing in AfriTin Stock
Balance Sheet is a snapshot of the
financial position of AfriTin Mining at a specified time, usually calculated after every quarter, six months, or one year. AfriTin Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of AfriTin Mining 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 AfriTin currently owns. An asset can also be divided into two categories, current and non-current.