| CAR Stock | | | 41.50 0.49 1.17% |
CAR GROUP financial indicator trend analysis is way more than just evaluating CAR GROUP LIMITED prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CAR GROUP LIMITED is a good investment. Please check the relationship between CAR GROUP Operating Income and its Other Operating Expenses accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in CAR GROUP LIMITED. 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 Other Operating Expenses
Operating Income vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
CAR GROUP LIMITED Operating Income account and
Other Operating Expenses. At this time, the significance of the direction appears to have almost identical trend.
The correlation between CAR GROUP's Operating Income and Other Operating Expenses is 0.96. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of CAR GROUP LIMITED, assuming nothing else is changed. The correlation between historical values of CAR GROUP's Operating Income and Other Operating Expenses 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 CAR GROUP LIMITED are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Operating Income i.e., CAR GROUP's Operating Income and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.96 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Operating Income
Operating Income is the amount of profit realized from CAR GROUP LIMITED 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 CAR GROUP LIMITED 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.
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of CAR GROUP LIMITED. It is also known as CAR GROUP 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.
Most indicators from CAR GROUP's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CAR GROUP LIMITED 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 CAR GROUP LIMITED. 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 gain to about 178.1
M in 2024, whereas
Tax Provision is likely to drop slightly above 59.9
M in 2024.
CAR GROUP fundamental ratios Correlations
Click cells to compare fundamentals
CAR GROUP Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CAR GROUP fundamental ratios Accounts
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Additional Tools for CAR Stock Analysis
When running CAR GROUP's price analysis, check to
measure CAR GROUP'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 CAR GROUP is operating at the current time. Most of CAR GROUP's value examination focuses on studying past and present price action to
predict the probability of CAR GROUP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CAR GROUP's price. Additionally, you may evaluate how the addition of CAR GROUP to your portfolios can decrease your overall portfolio volatility.