Allbirds Gross Profit vs Income Tax Expense Analysis
| BIRD Stock | USD 8.30 0.26 3.23% |
Allbirds financial indicator trend analysis is way more than just evaluating Allbirds prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Allbirds is a good investment. Please check the relationship between Allbirds Gross Profit and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allbirds. 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. For information on how to trade Allbirds Stock refer to our How to Trade Allbirds Stock guide.
Gross Profit vs Income Tax Expense
Gross Profit vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Allbirds Gross Profit account and Income Tax Expense. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Allbirds' Gross Profit and Income Tax Expense is -0.56. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Allbirds, assuming nothing else is changed. The correlation between historical values of Allbirds' Gross Profit and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Allbirds are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Gross Profit i.e., Allbirds' Gross Profit and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | -0.56 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Allbirds minus its cost of goods sold. It is profit before Allbirds operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Income Tax Expense
Most indicators from Allbirds' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Allbirds 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 Allbirds. 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. For information on how to trade Allbirds Stock refer to our How to Trade Allbirds Stock guide.The current year's Tax Provision is expected to grow to about (90.2 K). In addition to that, Selling General Administrative is expected to decline to about 134.9 M
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 178K | 19K | 17.1K | 16.2K | Depreciation And Amortization | 10.2M | 16.2M | 21.0M | 12.3M |
Allbirds fundamental ratios Correlations
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Allbirds Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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.When determining whether Allbirds is a strong investment it is important to analyze Allbirds' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Allbirds' future performance. For an informed investment choice regarding Allbirds Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allbirds. 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. For information on how to trade Allbirds Stock refer to our How to Trade Allbirds Stock guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Is Textiles, Apparel & Luxury Goods space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allbirds. If investors know Allbirds will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allbirds listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (16.17) | Revenue Per Share 26.416 | Quarterly Revenue Growth (0.25) | Return On Assets (0.21) | Return On Equity (0.68) |
The market value of Allbirds is measured differently than its book value, which is the value of Allbirds that is recorded on the company's balance sheet. Investors also form their own opinion of Allbirds' value that differs from its market value or its book value, called intrinsic value, which is Allbirds' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allbirds' market value can be influenced by many factors that don't directly affect Allbirds' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allbirds' value and its price as these two are different measures arrived at by different means. Investors typically determine if Allbirds is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allbirds' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.