PLOW Stock | | | USD 25.30 0.53 2.14% |
Douglas Dynamics financial indicator trend analysis is much more than just examining Douglas Dynamics latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Douglas Dynamics is a good investment. Please check the relationship between Douglas Dynamics Ebitda and its Income Before Tax accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Douglas Dynamics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
For more information on how to buy Douglas Stock please use our
How to Invest in Douglas Dynamics guide.
Ebitda vs Income Before Tax
Ebitda vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Douglas Dynamics Ebitda account and
Income Before Tax. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Douglas Dynamics' Ebitda and Income Before Tax is 0.98. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Douglas Dynamics, assuming nothing else is changed. The correlation between historical values of Douglas Dynamics' Ebitda 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 Ebitda of Douglas Dynamics 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 Ebitda i.e., Douglas Dynamics' Ebitda and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Ebitda
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Douglas Dynamics income statement and is an important metric when analyzing Douglas Dynamics 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 Douglas Dynamics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Douglas Dynamics 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 Douglas Dynamics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
For more information on how to buy Douglas Stock please use our
How to Invest in Douglas Dynamics guide.At this time, Douglas Dynamics'
Tax Provision is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to climb to 0.15 in 2024, whereas
Selling General Administrative is likely to drop slightly above 54.3
M in 2024.
Douglas Dynamics fundamental ratios Correlations
Click cells to compare fundamentals
Douglas Dynamics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Douglas Dynamics fundamental ratios Accounts
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Additional Tools for Douglas Stock Analysis
When running Douglas Dynamics' price analysis, check to
measure Douglas Dynamics' 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 Douglas Dynamics is operating at the current time. Most of Douglas Dynamics' value examination focuses on studying past and present price action to
predict the probability of Douglas Dynamics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Douglas Dynamics' price. Additionally, you may evaluate how the addition of Douglas Dynamics to your portfolios can decrease your overall portfolio volatility.