Commonwealth Income Before Tax vs Tax Provision Analysis
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Commonwealth Bank financial indicator trend analysis is way more than just evaluating Commonwealth Bank prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Commonwealth Bank is a good investment. Please check the relationship between Commonwealth Bank Income Before Tax and its Tax Provision accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Commonwealth Bank of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
Income Before Tax vs Tax Provision
Income Before Tax vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Commonwealth Bank Income Before Tax account and Tax Provision. At this time, the significance of the direction appears to have totally related.
The correlation between Commonwealth Bank's Income Before Tax and Tax Provision is 1.0. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Commonwealth Bank of, assuming nothing else is changed. The correlation between historical values of Commonwealth Bank's Income Before Tax and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Commonwealth Bank of are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Income Before Tax i.e., Commonwealth Bank's Income Before Tax and Tax Provision go up and down completely randomly.
Correlation Coefficient | 1.0 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Commonwealth Bank income statement and is an important metric when analyzing Commonwealth Bank profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Most indicators from Commonwealth Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Commonwealth Bank 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 Commonwealth Bank of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. As of November 26, 2024, Tax Provision is expected to decline to about 4 B. In addition to that, Selling General Administrative is expected to decline to about 615.4 M
| 2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 19.5B | 23.1B | 26.5B | 22.2B | Tax Provision | 4.0B | 4.2B | 4.8B | 4.0B |
Commonwealth Bank fundamental ratios Correlations
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Commonwealth Bank Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Other Information on Investing in Commonwealth Stock
Balance Sheet is a snapshot of the financial position of Commonwealth Bank at a specified time, usually calculated after every quarter, six months, or one year. Commonwealth Bank Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Commonwealth Bank and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Commonwealth currently owns. An asset can also be divided into two categories, current and non-current.