BIOM Stock | | | 5.25 0.00 0.00% |
Biome Technologies financial indicator trend analysis is way more than just evaluating Biome Technologies Plc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Biome Technologies Plc is a good investment. Please check the relationship between Biome Technologies Ebit and its Operating Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Biome Technologies Plc. 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.
Ebit vs Operating Income
Ebit vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Biome Technologies Plc Ebit account and
Operating Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Biome Technologies' Ebit and Operating Income is 0.91. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Operating Income in the same time period over historical financial statements of Biome Technologies Plc, assuming nothing else is changed. The correlation between historical values of Biome Technologies' Ebit 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 Ebit of Biome Technologies Plc 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 Ebit i.e., Biome Technologies' Ebit and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.91 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Ebit
Operating Income
Operating Income is the amount of profit realized from Biome Technologies Plc 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 Biome Technologies Plc 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 Biome Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Biome Technologies Plc 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 Biome Technologies Plc. 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.
Selling General Administrative is likely to drop to about 1.8
M in 2024.
Tax Provision is likely to drop to about (21
K) in 2024
Biome Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Biome Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Biome Technologies fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Biome Stock Analysis
When running Biome Technologies' price analysis, check to
measure Biome Technologies' 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 Biome Technologies is operating at the current time. Most of Biome Technologies' value examination focuses on studying past and present price action to
predict the probability of Biome Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Biome Technologies' price. Additionally, you may evaluate how the addition of Biome Technologies to your portfolios can decrease your overall portfolio volatility.