BOOT Stock | | | USD 137.05 0.76 0.56% |
Boot Barn financial indicator trend analysis is way more than just evaluating Boot Barn Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Boot Barn Holdings is a good investment. Please check the relationship between Boot Barn Other Operating Expenses and its Net Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Boot Barn Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
Other Operating Expenses vs Net Income
Other Operating Expenses vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Boot Barn Holdings Other Operating Expenses account and
Net Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Boot Barn's Other Operating Expenses and Net Income is 0.9. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Net Income in the same time period over historical financial statements of Boot Barn Holdings, assuming nothing else is changed. The correlation between historical values of Boot Barn's Other Operating Expenses 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 Other Operating Expenses of Boot Barn Holdings 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 Other Operating Expenses i.e., Boot Barn's Other Operating Expenses and Net Income go up and down completely randomly.
Correlation Coefficient | 0.9 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Boot Barn Holdings. It is also known as Boot Barn overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Boot Barn Holdings financial statement analysis. It represents the amount of money remaining after all of Boot Barn Holdings operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Boot Barn's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Boot Barn Holdings 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 Boot Barn Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
Selling General Administrative is likely to drop to about 205.9
M in 2024.
Tax Provision is likely to drop to about 25.5
M in 2024
Boot Barn fundamental ratios Correlations
Click cells to compare fundamentals
Boot Barn Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Boot Barn fundamental ratios Accounts
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Additional Tools for Boot Stock Analysis
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measure Boot Barn'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 Boot Barn is operating at the current time. Most of Boot Barn's value examination focuses on studying past and present price action to
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