Wag Total Operating Expenses vs Income Before Tax Analysis

PETWW Stock  USD 0.02  0.0003  1.56%   
Wag Group financial indicator trend analysis is more than just analyzing Wag Group current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wag Group is a good investment. Please check the relationship between Wag Group Total Operating Expenses and its Income Before Tax accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Wag Group Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Total Operating Expenses vs Income Before Tax

Total Operating Expenses vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wag Group Total Operating Expenses account and Income Before Tax. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Wag Group's Total Operating Expenses and Income Before Tax is -0.41. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Wag Group Co, assuming nothing else is changed. The correlation between historical values of Wag Group's Total Operating Expenses 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 Total Operating Expenses of Wag Group Co 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 Total Operating Expenses i.e., Wag Group's Total Operating Expenses and Income Before Tax go up and down completely randomly.

Correlation Coefficient

-0.41
Relationship DirectionNegative 
Relationship StrengthVery Weak

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Wag Group income statement and is an important metric when analyzing Wag Group 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 Wag Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wag Group 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 Wag Group Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
At this time, Wag Group's Tax Provision is fairly stable compared to the past year. Selling General Administrative is likely to climb to about 19.3 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense61K2.5M7.4M7.8M
Depreciation And Amortization388K1.1M1.7M919.9K

Wag Group fundamental ratios Correlations

0.99-0.460.930.960.890.69-0.09-0.880.920.950.69-0.690.990.720.86-0.3-0.75-0.940.70.450.61-0.980.960.680.91
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0.960.96-0.410.960.880.740.07-0.970.940.910.84-0.80.960.580.91-0.38-0.86-1.00.830.610.72-0.991.00.720.94
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-0.94-0.950.38-0.97-1.0-0.88-0.74-0.10.98-0.95-0.89-0.870.84-0.95-0.53-0.920.40.88-0.87-0.66-0.750.99-1.0-0.74-0.95
0.70.750.080.90.830.690.690.08-0.890.870.720.87-1.00.730.130.9-0.69-1.0-0.870.940.97-0.840.830.640.88
0.450.530.320.740.610.520.480.13-0.710.720.480.77-0.950.51-0.190.79-0.72-0.92-0.660.940.97-0.630.60.560.74
0.610.660.290.830.720.580.64-0.06-0.770.80.670.74-0.990.640.040.84-0.8-0.97-0.750.970.97-0.750.710.530.82
-0.98-0.990.36-0.99-0.99-0.91-0.70.00.95-0.97-0.92-0.810.82-0.98-0.57-0.940.40.870.99-0.84-0.63-0.75-0.99-0.75-0.97
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Wag Group Account Relationship Matchups

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