| BES Stock | | | CAD 0.07 0.01 7.14% |
Braille Energy financial indicator trend analysis is way more than just evaluating Braille Energy Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Braille Energy Systems is a good investment. Please check the relationship between Braille Energy Operating Income and its Net Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Braille Energy Systems. 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.
Operating Income vs Net Income
Operating Income vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Braille Energy Systems Operating Income account and
Net Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Braille Energy's Operating Income and Net Income is 0.86. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Net Income in the same time period over historical financial statements of Braille Energy Systems, assuming nothing else is changed. The correlation between historical values of Braille Energy's Operating Income 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 Operating Income of Braille Energy Systems 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 Operating Income i.e., Braille Energy's Operating Income and Net Income go up and down completely randomly.
Correlation Coefficient | 0.86 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Operating Income
Operating Income is the amount of profit realized from Braille Energy Systems 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 Braille Energy Systems 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.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Braille Energy Systems financial statement analysis. It represents the amount of money remaining after all of Braille Energy Systems operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Braille Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Braille Energy Systems 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 Braille Energy Systems. 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.
At this time, Braille Energy's
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to climb to about 873.2
K in 2024, whereas
Discontinued Operations is likely to drop (21.3
K) in 2024.
Braille Energy fundamental ratios Correlations
Click cells to compare fundamentals
Braille Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Braille Energy fundamental ratios Accounts
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Additional Tools for Braille Stock Analysis
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measure Braille Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Braille Energy is operating at the current time. Most of Braille Energy's value examination focuses on studying past and present price action to
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