Ethernity Income Before Tax vs Operating Income Analysis

ENET Stock   0.12  0.01  7.69%   
Ethernity Networks financial indicator trend analysis is much more than just examining Ethernity Networks latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ethernity Networks is a good investment. Please check the relationship between Ethernity Networks Income Before Tax and its Operating Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ethernity Networks. 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 Operating Income

Income Before Tax vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ethernity Networks Income Before Tax account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Ethernity Networks' Income Before Tax and Operating Income is 0.97. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Operating Income in the same time period over historical financial statements of Ethernity Networks, assuming nothing else is changed. The correlation between historical values of Ethernity Networks' Income Before Tax 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 Income Before Tax of Ethernity Networks 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 Income Before Tax i.e., Ethernity Networks' Income Before Tax and Operating Income go up and down completely randomly.

Correlation Coefficient

0.97
Relationship DirectionPositive 
Relationship StrengthVery Strong

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Ethernity Networks income statement and is an important metric when analyzing Ethernity Networks 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.

Operating Income

Operating Income is the amount of profit realized from Ethernity Networks 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 Ethernity Networks 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 Ethernity Networks' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ethernity Networks 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 Ethernity Networks. 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 drop to about 463.8 K in 2024. Tax Provision is expected to grow at the current pace this year
 2021 2022 2023 2024 (projected)
Interest Expense62.3K262.4K282.8K297.0K
Depreciation And Amortization1.2M1.4M1.4M768.3K

Ethernity Networks fundamental ratios Correlations

0.490.480.480.97-0.90.870.57-0.6-0.57-0.410.260.740.84-0.740.820.440.680.260.440.480.780.760.520.530.36
0.490.80.880.29-0.550.250.96-0.45-0.04-0.690.480.610.74-0.650.060.740.680.430.960.70.240.720.940.880.51
0.480.80.920.3-0.610.260.82-0.44-0.01-0.680.410.460.73-0.650.030.70.760.370.770.730.510.70.790.770.37
0.480.880.920.28-0.680.240.89-0.40.06-0.820.580.450.82-0.63-0.050.560.850.550.790.830.520.820.880.870.53
0.970.290.30.28-0.840.880.37-0.56-0.63-0.250.140.660.73-0.660.90.30.550.150.240.320.770.630.330.340.28
-0.9-0.55-0.61-0.68-0.84-0.75-0.620.450.370.62-0.44-0.6-0.910.68-0.58-0.28-0.79-0.47-0.43-0.66-0.84-0.84-0.6-0.63-0.51
0.870.250.260.240.88-0.750.4-0.33-0.56-0.340.290.590.55-0.420.890.250.560.290.280.460.670.680.260.410.02
0.570.960.820.890.37-0.620.4-0.4-0.09-0.790.60.620.78-0.630.140.730.810.540.960.80.380.850.930.950.34
-0.6-0.45-0.44-0.4-0.560.45-0.33-0.40.13-0.030.3-0.37-0.630.92-0.42-0.67-0.390.37-0.35-0.11-0.48-0.36-0.36-0.17-0.6
-0.57-0.04-0.010.06-0.630.37-0.56-0.090.130.03-0.03-0.82-0.210.16-0.75-0.15-0.28-0.06-0.090.1-0.38-0.29-0.24-0.080.13
-0.41-0.69-0.68-0.82-0.250.62-0.34-0.79-0.030.03-0.93-0.42-0.650.230.04-0.24-0.8-0.92-0.67-0.93-0.49-0.84-0.75-0.93-0.14
0.260.480.410.580.14-0.440.290.60.3-0.03-0.930.290.430.06-0.09-0.020.590.980.490.840.330.680.550.81-0.1
0.740.610.460.450.66-0.60.590.62-0.37-0.82-0.420.290.59-0.50.630.550.620.280.630.310.440.640.730.560.19
0.840.740.730.820.73-0.910.550.78-0.63-0.21-0.650.430.59-0.850.390.520.840.410.620.680.760.860.770.730.62
-0.74-0.65-0.65-0.63-0.660.68-0.42-0.630.920.160.230.06-0.5-0.85-0.42-0.73-0.60.11-0.55-0.34-0.59-0.58-0.6-0.44-0.66
0.820.060.03-0.050.9-0.580.890.14-0.42-0.750.04-0.090.630.39-0.420.230.29-0.080.080.040.530.380.080.080.03
0.440.740.70.560.3-0.280.250.73-0.67-0.15-0.24-0.020.550.52-0.730.230.49-0.10.790.30.190.460.660.520.23
0.680.680.760.850.55-0.790.560.81-0.39-0.28-0.80.590.620.84-0.60.290.490.570.640.760.780.960.790.790.3
0.260.430.370.550.15-0.470.290.540.37-0.06-0.920.980.280.410.11-0.08-0.10.570.420.80.330.660.520.77-0.07
0.440.960.770.790.24-0.430.280.96-0.35-0.09-0.670.490.630.62-0.550.080.790.640.420.680.150.690.90.880.27
0.480.70.730.830.32-0.660.460.8-0.110.1-0.930.840.310.68-0.340.040.30.760.80.680.520.840.660.910.18
0.780.240.510.520.77-0.840.670.38-0.48-0.38-0.490.330.440.76-0.590.530.190.780.330.150.520.740.360.40.25
0.760.720.70.820.63-0.840.680.85-0.36-0.29-0.840.680.640.86-0.580.380.460.960.660.690.840.740.790.870.29
0.520.940.790.880.33-0.60.260.93-0.36-0.24-0.750.550.730.77-0.60.080.660.790.520.90.660.360.790.880.44
0.530.880.770.870.34-0.630.410.95-0.17-0.08-0.930.810.560.73-0.440.080.520.790.770.880.910.40.870.880.23
0.360.510.370.530.28-0.510.020.34-0.60.13-0.14-0.10.190.62-0.660.030.230.3-0.070.270.180.250.290.440.23
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Ethernity Networks Account Relationship Matchups

Ethernity Networks fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets14.2M12.2M19.4M12.3M9.7M12.2M
Short Long Term Debt Total1.5M718.5K3.7M3.1M1.2M1.3M
Other Current Liab974.4K2.2M2.1M2.8M1.3M1.6M
Total Current Liabilities2.5M3.1M3.4M4.2M2.9M2.6M
Total Stockholder Equity11.5M8.9M13.0M5.6M5.9M8.8M
Net Tangible Assets9.6M3.0M1.5M6.5M7.5M4.7M
Property Plant And Equipment Net973.6K844.3K3.8M3.6M2.0M1.3M
Current Deferred Revenue(1.2M)(572.4K)(593.0K)(636.1K)1.2M1.3M
Net Debt354.2K(1.5M)(3.4M)2.4M(791.1K)(830.7K)
Retained Earnings(12.8M)(19.1M)(28.5M)(36.5M)(42.8M)(40.7M)
Accounts Payable325.2K290.2K651.8K785.6K1.2M1.3M
Cash1.1M2.2M7.1M715.8K2.0M2.0M
Non Current Assets Total9.4M8.2M10.2M9.1M6.5M6.3M
Non Currrent Assets Other(9.4M)(8.2M)(10.2M)(9.1M)35.1K36.9K
Cash And Short Term Investments3.7M2.2M7.1M715.8K2.0M1.9M
Net Receivables427.2K778.1K1.5M1.3M186.1K176.8K
Common Stock Shares Outstanding32.6M36.6M67.5M76.0M143.9M151.1M
Liabilities And Stockholders Equity14.2M12.2M19.4M12.3M9.7M12.2M
Non Current Liabilities Total306.8K146.1K3.1M2.5M815.0K796.1K
Inventory166.9K173.5K284.8K773.1K535.7K562.5K
Other Current Assets362.8K626.7K241.0K343.9K427.9K338.3K
Other Stockholder Equity23.4M26.8M40.4M40.8M47.3M26.7M
Total Liab2.8M3.3M6.5M4.2M3.8M3.1M
Property Plant And Equipment Gross973.6K844.3K4.4M4.5M3.3M3.5M
Short Long Term Debt1.0M411.7K422.6K428.9K96.3K91.5K
Total Current Assets4.6M3.8M9.1M3.1M3.1M5.6M
Accumulated Other Comprehensive Income892.9K1.2M1.0M1.2M1.3M722.2K
Short Term Debt1.2M572.4K593.0K636.1K438.3K416.4K
Property Plant Equipment606.1K973.6K844.3K3.8M4.4M4.6M
Other Assets191.9K194.3K39.0K35.7K32.1K30.5K
Intangible Assets8.4M7.4M6.4M5.5M4.5M5.4M
Net Invested Capital12.5M9.3M13.4M6.0M6.0M9.5M
Net Working Capital2.2M653.0K5.7M(1.0M)199.4K189.4K

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