| JGCHEM Stock | | | 310.30 13.25 4.10% |
JGCHEMICALS financial indicator trend analysis is infinitely more than just investigating JGCHEMICALS LIMITED recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether JGCHEMICALS LIMITED is a good investment. Please check the relationship between JGCHEMICALS Income Before Tax and its Net Income accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JGCHEMICALS 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 income.
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
JGCHEMICALS LIMITED Income Before Tax account and
Net Income. At this time, the significance of the direction appears to have totally related.
The correlation between JGCHEMICALS's Income Before Tax and Net Income is 0.99. 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 JGCHEMICALS LIMITED, assuming nothing else is changed. The correlation between historical values of JGCHEMICALS's 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 JGCHEMICALS 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., JGCHEMICALS's Income Before Tax and Net Income go up and down completely randomly.
Correlation Coefficient | 0.99 |
| 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 JGCHEMICALS income statement and is an important metric when analyzing JGCHEMICALS 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 JGCHEMICALS LIMITED financial statement analysis. It represents the amount of money remaining after all of JGCHEMICALS LIMITED operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from JGCHEMICALS's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into JGCHEMICALS 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JGCHEMICALS 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 income.
The current year's
Selling General Administrative is expected to grow to about 219.9
MJGCHEMICALS fundamental ratios Correlations
Click cells to compare fundamentals
JGCHEMICALS Account Relationship Matchups
High Positive Relationship
High Negative Relationship
JGCHEMICALS fundamental ratios Accounts
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Other Information on Investing in JGCHEMICALS Stock
Balance Sheet is a snapshot of the
financial position of JGCHEMICALS LIMITED at a specified time, usually calculated after every quarter, six months, or one year. JGCHEMICALS Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of JGCHEMICALS 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 JGCHEMICALS currently owns. An asset can also be divided into two categories, current and non-current.