ECD Total Other Income Expense Net vs Operating Income Analysis

ECDAW Stock   0.02  0.00  0.00%   
ECD Automotive financial indicator trend analysis is much more than just examining ECD Automotive Design latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ECD Automotive Design is a good investment. Please check the relationship between ECD Automotive Total Other Income Expense Net and its Operating Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ECD Automotive Design. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Total Other Income Expense Net vs Operating Income

Total Other Income Expense Net vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ECD Automotive Design Total Other Income Expense Net account and Operating Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between ECD Automotive's Total Other Income Expense Net and Operating Income is 0.81. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Operating Income in the same time period over historical financial statements of ECD Automotive Design, assuming nothing else is changed. The correlation between historical values of ECD Automotive's Total Other Income Expense Net and Operating 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 Total Other Income Expense Net of ECD Automotive Design are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Total Other Income Expense Net i.e., ECD Automotive's Total Other Income Expense Net and Operating Income go up and down completely randomly.

Correlation Coefficient

0.81
Relationship DirectionPositive 
Relationship StrengthStrong

Total Other Income Expense Net

Operating Income

Operating Income is the amount of profit realized from ECD Automotive Design 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 ECD Automotive Design 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.
Most indicators from ECD Automotive's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ECD Automotive Design 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ECD Automotive Design. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Issuance Of Capital Stock is likely to climb to about 100.3 K in 2024, whereas Selling General Administrative is likely to drop slightly above 4.4 M in 2024.
 2010 2022 2023 2024 (projected)
Gross Profit2.6M3.8M4.2M3.9M
Total Revenue11.5M15.0M15.1M15.3M

ECD Automotive fundamental ratios Correlations

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-0.15-0.180.910.03-0.11-0.60.09-0.18-0.11-0.27-0.01-0.561.00.12-0.010.36-0.12-0.10.16-0.080.15-0.590.090.110.55
1.01.00.30.99-0.930.830.990.93-0.930.981.00.86-0.10.911.0-0.9-0.880.930.97-0.080.910.830.980.98-0.83
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-0.86-0.870.16-0.770.77-0.99-0.73-0.920.77-0.93-0.79-0.990.56-0.76-0.790.980.76-0.88-0.660.55-0.83-0.74-0.99-0.72-0.7
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ECD Automotive Account Relationship Matchups

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