| CROWN Stock | | | 227.16 4.45 2.00% |
Crown Lifters financial indicator trend analysis is way more than just evaluating Crown Lifters Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Crown Lifters Limited is a good investment. Please check the relationship between Crown Lifters Income Before Tax and its Net Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Crown Lifters 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.
Income Before Tax vs Net Income
Income Before Tax vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Crown Lifters Limited Income Before Tax account and
Net Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Crown Lifters' Income Before Tax and Net Income is 0.89. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Net Income in the same time period over historical financial statements of Crown Lifters Limited, assuming nothing else is changed. The correlation between historical values of Crown Lifters' Income Before Tax 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 Income Before Tax of Crown Lifters Limited 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 Income Before Tax i.e., Crown Lifters' Income Before Tax and Net Income go up and down completely randomly.
Correlation Coefficient | 0.89 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Crown Lifters income statement and is an important metric when analyzing Crown Lifters Limited 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.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Crown Lifters Limited financial statement analysis. It represents the amount of money remaining after all of Crown Lifters Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Crown Lifters' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Crown Lifters 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 Crown Lifters 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.
As of the 30th of November 2024,
Selling General Administrative is likely to grow to about 28.9
M, while
Tax Provision is likely to drop about 9.7
M.
Crown Lifters fundamental ratios Correlations
Click cells to compare fundamentals
Crown Lifters Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Crown Lifters fundamental ratios Accounts
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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.
Other Information on Investing in Crown Stock
Balance Sheet is a snapshot of the
financial position of Crown Lifters Limited at a specified time, usually calculated after every quarter, six months, or one year. Crown Lifters Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Crown Lifters 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 Crown currently owns. An asset can also be divided into two categories, current and non-current.