Kornit Gross Profit vs Income Before Tax Analysis

KRNT Stock

USD 31.80 0.44 1.40%

Kornit Digital financial indicator trend analysis is infinitely more than just investigating Kornit Digital recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kornit Digital is a good investment. Please check the relationship between Kornit Digital Gross Profit and its Income Before Tax accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kornit Digital. 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.

For more information on how to buy Kornit Stock please use our How to Invest in Kornit Digital guide.

Gross Profit vs Income Before Tax

Gross Profit vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kornit Digital Gross Profit account and Income Before Tax. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Kornit Digital's Gross Profit and Income Before Tax is -0.18. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Kornit Digital, assuming nothing else is changed. The correlation between historical values of Kornit Digital's Gross Profit and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Kornit Digital are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Gross Profit i.e., Kornit Digital's Gross Profit and Income Before Tax go up and down completely randomly.

Correlation Coefficient

-0.18

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Kornit Digital minus its cost of goods sold. It is profit before Kornit Digital operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Income Before Tax

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

Most indicators from Kornit Digital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kornit Digital 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kornit Digital. 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.

For more information on how to buy Kornit Stock please use our How to Invest in Kornit Digital guide.At this time, Kornit Digital's Tax Provision is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 1.4 B in 2024, whereas Selling General Administrative is likely to drop slightly above 20.4 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	286K	13.4M	236K	224.2K
Depreciation And Amortization	7.1M	13.6M	14.7M	15.4M

Interest Expense Depreciation And Amortization

Kornit Digital fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab
Common Stock Shares Outstanding		0.96	0.97	0.86	0.95	0.76	0.89	0.92	0.35	-0.5	-0.31	0.55	0.55	0.9	0.53	0.51	0.88	0.83	0.8	0.89	0.75	0.9	0.96	0.85	0.9	0.89
Total Assets	0.96		0.99	0.9	1.0	0.64	0.91	0.93	0.36	-0.62	-0.28	0.6	0.67	0.89	0.5	0.51	0.96	0.79	0.84	0.76	0.71	0.93	0.96	0.87	0.92	0.93
Other Current Liab	0.97	0.99		0.84	0.99	0.69	0.91	0.94	0.3	-0.52	-0.38	0.49	0.57	0.92	0.59	0.44	0.91	0.82	0.85	0.77	0.75	0.9	0.98	0.88	0.93	0.87
Total Current Liabilities	0.86	0.9	0.84		0.88	0.5	0.78	0.81	0.64	-0.72	0.01	0.83	0.76	0.72	0.22	0.65	0.95	0.65	0.67	0.72	0.59	0.89	0.82	0.71	0.79	0.99
Total Stockholder Equity	0.95	1.0	0.99	0.88		0.65	0.91	0.93	0.33	-0.61	-0.31	0.57	0.66	0.9	0.52	0.49	0.96	0.79	0.85	0.75	0.71	0.92	0.96	0.88	0.93	0.91
Other Liab	0.76	0.64	0.69	0.5	0.65		0.65	0.62	-0.17	-0.39	-0.29	0.36	0.42	0.66	0.44	0.37	0.55	0.66	0.55	0.77	0.39	0.52	0.65	0.69	0.64	0.51
Net Tangible Assets	0.89	0.91	0.91	0.78	0.91	0.65		0.98	0.22	-0.45	-0.58	0.36	0.51	0.98	0.76	0.25	0.85	0.95	0.97	0.7	0.84	0.83	0.88	0.99	1.0	0.81
Property Plant And Equipment Net	0.92	0.93	0.94	0.81	0.93	0.62	0.98		0.29	-0.42	-0.52	0.39	0.48	0.98	0.72	0.33	0.86	0.92	0.94	0.72	0.88	0.9	0.93	0.94	0.99	0.85
Current Deferred Revenue	0.35	0.36	0.3	0.64	0.33	-0.17	0.22	0.29		-0.21	0.22	0.53	0.24	0.16	-0.13	0.34	0.44	0.2	0.18	0.32	0.38	0.45	0.35	0.1	0.23	0.6
Net Debt	-0.5	-0.62	-0.52	-0.72	-0.61	-0.39	-0.45	-0.42	-0.21		-0.33	-0.85	-1.0	-0.34	0.12	-0.69	-0.78	-0.19	-0.35	-0.35	0.03	-0.53	-0.44	-0.47	-0.46	-0.68
Retained Earnings	-0.31	-0.28	-0.38	0.01	-0.31	-0.29	-0.58	-0.52	0.22	-0.33		0.53	0.29	-0.62	-0.95	0.56	-0.11	-0.71	-0.71	-0.18	-0.7	-0.18	-0.36	-0.62	-0.56	-0.04
Accounts Payable	0.55	0.6	0.49	0.83	0.57	0.36	0.36	0.39	0.53	-0.85	0.53		0.86	0.28	-0.32	0.83	0.75	0.18	0.19	0.52	0.05	0.63	0.46	0.32	0.37	0.79
Cash	0.55	0.67	0.57	0.76	0.66	0.42	0.51	0.48	0.24	-1.0	0.29	0.86		0.4	-0.07	0.69	0.82	0.25	0.4	0.39	0.04	0.58	0.49	0.52	0.51	0.73
Non Current Assets Total	0.9	0.89	0.92	0.72	0.9	0.66	0.98	0.98	0.16	-0.34	-0.62	0.28	0.4		0.79	0.24	0.79	0.94	0.95	0.71	0.87	0.82	0.91	0.96	0.98	0.76
Non Currrent Assets Other	0.53	0.5	0.59	0.22	0.52	0.44	0.76	0.72	-0.13	0.12	-0.95	-0.32	-0.07	0.79		-0.31	0.34	0.83	0.85	0.36	0.81	0.4	0.57	0.78	0.75	0.27
Other Assets	0.51	0.51	0.44	0.65	0.49	0.37	0.25	0.33	0.34	-0.69	0.56	0.83	0.69	0.24	-0.31		0.6	0.06	0.07	0.49	0.01	0.57	0.44	0.21	0.28	0.64
Cash And Short Term Investments	0.88	0.96	0.91	0.95	0.96	0.55	0.85	0.86	0.44	-0.78	-0.11	0.75	0.82	0.79	0.34	0.6		0.68	0.77	0.68	0.58	0.91	0.86	0.82	0.86	0.96
Net Receivables	0.83	0.79	0.82	0.65	0.79	0.66	0.95	0.92	0.2	-0.19	-0.71	0.18	0.25	0.94	0.83	0.06	0.68		0.93	0.72	0.91	0.74	0.8	0.93	0.93	0.69
Good Will	0.8	0.84	0.85	0.67	0.85	0.55	0.97	0.94	0.18	-0.35	-0.71	0.19	0.4	0.95	0.85	0.07	0.77	0.93		0.57	0.86	0.73	0.82	0.97	0.97	0.7
Common Stock Total Equity	0.89	0.76	0.77	0.72	0.75	0.77	0.7	0.72	0.32	-0.35	-0.18	0.52	0.39	0.71	0.36	0.49	0.68	0.72	0.57		0.62	0.74	0.78	0.65	0.69	0.74
Short Term Investments	0.75	0.71	0.75	0.59	0.71	0.39	0.84	0.88	0.38	0.03	-0.7	0.05	0.04	0.87	0.81	0.01	0.58	0.91	0.86	0.62		0.73	0.78	0.78	0.84	0.64
Non Current Liabilities Total	0.9	0.93	0.9	0.89	0.92	0.52	0.83	0.9	0.45	-0.53	-0.18	0.63	0.58	0.82	0.4	0.57	0.91	0.74	0.73	0.74	0.73		0.88	0.76	0.84	0.94
Inventory	0.96	0.96	0.98	0.82	0.96	0.65	0.88	0.93	0.35	-0.44	-0.36	0.46	0.49	0.91	0.57	0.44	0.86	0.8	0.82	0.78	0.78	0.88		0.83	0.91	0.85
Other Current Assets	0.85	0.87	0.88	0.71	0.88	0.69	0.99	0.94	0.1	-0.47	-0.62	0.32	0.52	0.96	0.78	0.21	0.82	0.93	0.97	0.65	0.78	0.76	0.83		0.98	0.74
Other Stockholder Equity	0.9	0.92	0.93	0.79	0.93	0.64	1.0	0.99	0.23	-0.46	-0.56	0.37	0.51	0.98	0.75	0.28	0.86	0.93	0.97	0.69	0.84	0.84	0.91	0.98		0.82
Total Liab	0.89	0.93	0.87	0.99	0.91	0.51	0.81	0.85	0.6	-0.68	-0.04	0.79	0.73	0.76	0.27	0.64	0.96	0.69	0.7	0.74	0.64	0.94	0.85	0.74	0.82

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Kornit Digital Account Relationship Matchups

Kornit Digital fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	39.3M	42.3M	48.6M	49.8M	49.2M	39.5M
Total Assets	407.3M	629.0M	1.0B	957.7M	865.6M	462.5M
Other Current Liab	17.4M	22.7M	34.7M	39.8M	35.9M	20.5M
Total Current Liabilities	47.5M	89.6M	98.1M	65.4M	50.1M	48.8M
Total Stockholder Equity	338.3M	519.0M	919.6M	868.8M	795.7M	401.4M
Other Liab	2.4M	1.7M	2.7M	2.4M	2.8M	2.4M
Net Tangible Assets	330.2M	495.3M	884.0M	829.8M	954.2M	1.0B
Property Plant And Equipment Net	40.3M	50.3M	70.2M	87.6M	74.7M	78.4M
Current Deferred Revenue	2.7M	27.0M	5.4M	5.7M	2.2M	2.1M
Net Debt	(17.6M)	(103.1M)	(584.6M)	(78.6M)	(16.0M)	(16.8M)
Retained Earnings	32.7M	28.0M	43.5M	(35.6M)	(99.9M)	(94.9M)
Accounts Payable	23.4M	32.0M	46.4M	14.8M	6.9M	6.6M
Cash	40.7M	125.8M	611.6M	104.6M	39.6M	37.6M
Non Current Assets Total	154.1M	151.5M	265.7M	378.8M	343.2M	360.4M
Non Currrent Assets Other	657K	732K	1.2M	6.2M	8.5M	8.9M
Other Assets	8.4M	5.8M	10.8M	6.2M	1.0	0.95
Cash And Short Term Investments	168.3M	364.3M	648.8M	400.0M	332.5M	212.3M
Net Receivables	40.5M	51.6M	49.8M	67.4M	93.6M	98.3M
Good Will	5.6M	16.5M	25.4M	29.2M	33.5M	35.2M
Short Term Investments	127.6M	238.5M	37.3M	295.4M	292.9M	307.5M
Liabilities And Stockholders Equity	407.3M	629.0M	1.0B	957.7M	865.6M	462.5M
Non Current Liabilities Total	21.6M	20.3M	24.6M	23.5M	19.8M	12.3M
Inventory	37.5M	52.5M	63.0M	89.4M	67.7M	43.9M
Other Current Assets	7.0M	9.2M	27.1M	22.1M	28.5M	30.0M
Other Stockholder Equity	304.6M	488.2M	875.4M	921.7M	902.7M	947.8M
Total Liab	69.0M	110.0M	122.7M	88.8M	69.9M	61.1M
Long Term Investments	95.4M	71.6M	149.3M	246.0M	223.2M	234.4M
Property Plant And Equipment Gross	40.3M	50.3M	70.2M	87.6M	123.3M	129.5M
Total Current Assets	253.3M	477.5M	776.5M	578.8M	522.4M	308.0M
Accumulated Other Comprehensive Income	843K	2.7M	571K	(17.4M)	(7.2M)	(6.8M)
Intangible Assets	2.5M	7.2M	10.1M	9.9M	7.6M	4.5M
Common Stock	105K	121K	133K	134K	154.1K	103.2K
Property Plant Equipment	40.3M	50.3M	70.2M	87.6M	100.7M	105.8M
Non Current Liabilities Other	1.3M	443K	1.2M	1.2M	198K	188.1K
Net Invested Capital	338.3M	519.0M	919.6M	868.8M	795.7M	592.6M
Net Working Capital	207.7M	387.9M	678.5M	513.5M	472.3M	382.1M

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