ORLY Stock | | | USD 1,205 15.87 1.33% |
OReilly Automotive financial indicator trend analysis is much more than just breaking down OReilly Automotive prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether OReilly Automotive is a good investment. Please check the relationship between OReilly Automotive Income Before Tax and its Selling General Administrative accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in OReilly Automotive. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
For more information on how to buy OReilly Stock please use our
How to Invest in OReilly Automotive guide.
Income Before Tax vs Selling General Administrative
Income Before Tax vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
OReilly Automotive Income Before Tax account and
Selling General Administrative. At this time, the significance of the direction appears to have weak relationship.
The correlation between OReilly Automotive's Income Before Tax and Selling General Administrative is 0.36. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of OReilly Automotive, assuming nothing else is changed. The correlation between historical values of OReilly Automotive's Income Before Tax and Selling General Administrative 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 OReilly Automotive are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Income Before Tax i.e., OReilly Automotive's Income Before Tax and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.36 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on OReilly Automotive income statement and is an important metric when analyzing OReilly Automotive 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.
Selling General Administrative
Most indicators from OReilly Automotive's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into OReilly Automotive 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in OReilly Automotive. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
For more information on how to buy OReilly Stock please use our
How to Invest in OReilly Automotive guide.
Enterprise Value is likely to rise to about 26.8
B in 2024, whereas Selling General Administrative is likely to drop slightly above 1.6
B in 2024.
OReilly Automotive fundamental ratios Correlations
Click cells to compare fundamentals
OReilly Automotive Account Relationship Matchups
High Positive Relationship
High Negative Relationship
OReilly Automotive fundamental ratios Accounts
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Additional Tools for OReilly Stock Analysis
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measure OReilly Automotive's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy OReilly Automotive is operating at the current time. Most of OReilly Automotive's value examination focuses on studying past and present price action to
predict the probability of OReilly Automotive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OReilly Automotive's price. Additionally, you may evaluate how the addition of OReilly Automotive to your portfolios can decrease your overall portfolio volatility.