Blue Income Before Tax vs Gross Profit Analysis

RBN-UN Stock

CAD 8.52 0.04 0.47%

Blue Ribbon financial indicator trend analysis is way more than just evaluating Blue Ribbon Income prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Blue Ribbon Income is a good investment. Please check the relationship between Blue Ribbon Income Before Tax and its Gross Profit accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Blue Ribbon Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Income Before Tax vs Gross Profit

Income Before Tax vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Blue Ribbon Income Income Before Tax account and Gross Profit. At this time, the significance of the direction appears to have totally related.

The correlation between Blue Ribbon's Income Before Tax and Gross Profit is 0.99. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Blue Ribbon Income, assuming nothing else is changed. The correlation between historical values of Blue Ribbon's Income Before Tax and Gross Profit 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 Blue Ribbon Income are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Income Before Tax i.e., Blue Ribbon's Income Before Tax and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Income Before Tax

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

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Blue Ribbon Income minus its cost of goods sold. It is profit before Blue Ribbon 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.

Most indicators from Blue Ribbon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Blue Ribbon Income 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 Blue Ribbon Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

At present, Blue Ribbon's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.16, whereas Enterprise Value is forecasted to decline to about 65.2 M.

Blue Ribbon fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Retained Earnings	Short Term Investments	Non Currrent Assets Other	Common Stock	Non Current Liabilities Total	Inventory	Net Tangible Assets	Long Term Investments	Other Assets
Total Assets		0.27	0.78	1.0	-0.75	0.62	0.75	0.99	0.75	0.92	0.91	0.21	0.31	0.78	0.77	-0.63	0.94	-0.95	0.96	0.93	0.9	0.89	0.7	0.44
Other Current Liab	0.27		0.71	0.26	-0.22	-0.45	0.22	0.25	0.22	0.59	0.32	0.21	0.88	0.71	0.29	-0.82	0.31	-0.01	0.11	0.12	0.08	0.07	0.01	-0.03
Total Current Liabilities	0.78	0.71		0.77	-0.63	0.18	0.63	0.76	0.63	0.94	0.77	0.27	0.65	1.0	0.68	-0.87	0.74	-0.6	0.64	0.64	0.57	0.55	0.43	0.25
Total Stockholder Equity	1.0	0.26	0.77		-0.75	0.62	0.75	0.99	0.75	0.91	0.91	0.21	0.3	0.77	0.77	-0.62	0.94	-0.96	0.96	0.94	0.91	0.89	0.71	0.44
Net Debt	-0.75	-0.22	-0.63	-0.75		-0.49	-1.0	-0.66	-1.0	-0.69	-0.56	-0.4	-0.07	-0.63	-1.0	0.66	-0.64	0.61	-0.68	-0.63	-0.57	-0.54	-0.38	-0.21
Accounts Payable	0.62	-0.45	0.18	0.62	-0.49		0.49	0.61	0.49	0.37	0.48	0.29	-0.2	0.18	0.46	-0.04	0.52	-0.73	0.73	0.7	0.62	0.6	0.48	0.28
Cash	0.75	0.22	0.63	0.75	-1.0	0.49		0.66	1.0	0.69	0.56	0.4	0.07	0.63	1.0	-0.66	0.64	-0.61	0.68	0.63	0.57	0.54	0.38	0.21
Non Current Assets Total	0.99	0.25	0.76	0.99	-0.66	0.61	0.66		0.66	0.91	0.93	0.16	0.33	0.76	0.68	-0.58	0.95	-0.97	0.96	0.94	0.92	0.91	0.73	0.46
Cash And Short Term Investments	0.75	0.22	0.63	0.75	-1.0	0.49	1.0	0.66		0.69	0.56	0.4	0.07	0.63	1.0	-0.66	0.64	-0.61	0.68	0.63	0.57	0.54	0.38	0.21
Net Receivables	0.92	0.59	0.94	0.91	-0.69	0.37	0.69	0.91	0.69		0.89	0.28	0.6	0.94	0.73	-0.83	0.88	-0.78	0.83	0.82	0.77	0.74	0.55	0.31
Common Stock Shares Outstanding	0.91	0.32	0.77	0.91	-0.56	0.48	0.56	0.93	0.56	0.89		0.02	0.39	0.77	0.6	-0.57	0.97	-0.89	0.92	0.93	0.93	0.89	0.71	0.27
Other Current Assets	0.21	0.21	0.27	0.21	-0.4	0.29	0.4	0.16	0.4	0.28	0.02		0.17	0.27	0.4	-0.3	-0.02	-0.1	0.22	0.11	-0.1	-0.14	-0.36	-0.31
Other Stockholder Equity	0.31	0.88	0.65	0.3	-0.07	-0.2	0.07	0.33	0.07	0.6	0.39	0.17		0.65	0.14	-0.77	0.39	-0.11	0.22	0.25	0.21	0.2	0.15	0.11
Total Liab	0.78	0.71	1.0	0.77	-0.63	0.18	0.63	0.76	0.63	0.94	0.77	0.27	0.65		0.68	-0.87	0.74	-0.6	0.64	0.64	0.57	0.55	0.43	0.25
Total Current Assets	0.77	0.29	0.68	0.77	-1.0	0.46	1.0	0.68	1.0	0.73	0.6	0.4	0.14	0.68		-0.71	0.66	-0.62	0.69	0.65	0.59	0.56	0.39	0.22
Retained Earnings	-0.63	-0.82	-0.87	-0.62	0.66	-0.04	-0.66	-0.58	-0.66	-0.83	-0.57	-0.3	-0.77	-0.87	-0.71		-0.62	0.38	-0.48	-0.5	-0.43	-0.42	-0.34	-0.27
Short Term Investments	0.94	0.31	0.74	0.94	-0.64	0.52	0.64	0.95	0.64	0.88	0.97	-0.02	0.39	0.74	0.66	-0.62		-0.9	0.93	0.94	0.97	0.95	0.76	0.36
Non Currrent Assets Other	-0.95	-0.01	-0.6	-0.96	0.61	-0.73	-0.61	-0.97	-0.61	-0.78	-0.89	-0.1	-0.11	-0.6	-0.62	0.38	-0.9		-0.97	-0.94	-0.93	-0.92	-0.75	-0.46
Common Stock	0.96	0.11	0.64	0.96	-0.68	0.73	0.68	0.96	0.68	0.83	0.92	0.22	0.22	0.64	0.69	-0.48	0.93	-0.97		0.96	0.94	0.91	0.69	0.3
Non Current Liabilities Total	0.93	0.12	0.64	0.94	-0.63	0.7	0.63	0.94	0.63	0.82	0.93	0.11	0.25	0.64	0.65	-0.5	0.94	-0.94	0.96		0.94	0.91	0.74	0.37
Inventory	0.9	0.08	0.57	0.91	-0.57	0.62	0.57	0.92	0.57	0.77	0.93	-0.1	0.21	0.57	0.59	-0.43	0.97	-0.93	0.94	0.94		0.98	0.8	0.39
Net Tangible Assets	0.89	0.07	0.55	0.89	-0.54	0.6	0.54	0.91	0.54	0.74	0.89	-0.14	0.2	0.55	0.56	-0.42	0.95	-0.92	0.91	0.91	0.98		0.81	0.46
Long Term Investments	0.7	0.01	0.43	0.71	-0.38	0.48	0.38	0.73	0.38	0.55	0.71	-0.36	0.15	0.43	0.39	-0.34	0.76	-0.75	0.69	0.74	0.8	0.81		0.66
Other Assets	0.44	-0.03	0.25	0.44	-0.21	0.28	0.21	0.46	0.21	0.31	0.27	-0.31	0.11	0.25	0.22	-0.27	0.36	-0.46	0.3	0.37	0.39	0.46	0.66

Click cells to compare fundamentals

Blue Ribbon Account Relationship Matchups

Blue Ribbon fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	112.9M	87.2M	89.9M	73.4M	67.1M	63.8M
Other Current Liab	(405.5K)	(257.8K)	(177.9K)	(33.5K)	370.5K	393.7K
Total Current Liabilities	1.0M	706.5K	627.6K	449.5K	475.0K	451.3K
Total Stockholder Equity	111.9M	86.5M	89.2M	72.9M	66.7M	63.3M
Net Debt	(386.4K)	(1.2M)	(1.1M)	(1.2M)	(1.9M)	(2.0M)
Accounts Payable	405.5K	257.8K	177.9K	33.5K	104.5K	99.3K
Cash	386.4K	1.2M	1.1M	1.2M	1.9M	1.8M
Non Current Assets Total	112.2M	85.8M	88.5M	71.8M	65.0M	61.7M
Cash And Short Term Investments	386.4K	1.2M	1.1M	1.2M	1.9M	1.8M
Net Receivables	388.9K	256.5K	297.5K	322.5K	325.5K	309.2K
Common Stock Shares Outstanding	14.1M	12.6M	11.1M	10.2M	9.5M	16.4M
Liabilities And Stockholders Equity	112.9M	87.2M	89.9M	73.4M	67.1M	63.8M
Other Current Assets	(166.2M)	(111.2M)	(112.9M)	(87.2M)	(89.9M)	47.0K
Total Liab	1.0M	706.5K	627.6K	449.5K	475.0K	451.3K
Total Current Assets	775.3K	1.4M	1.4M	1.6M	2.2M	2.1M
Short Term Investments	112.2M	85.8M	88.5M	71.8M	65.0M	104.8M
Non Currrent Assets Other	(112.2M)	(85.8M)	(88.5M)	(71.8M)	(65.0M)	(68.2M)
Common Stock	111.9M	86.5M	89.2M	72.9M	66.7M	126.2M
Non Current Liabilities Total	1.0M	706.5K	627.6K	449.5K	475.0K	833.4K
Inventory	112.9M	87.2M	89.9M	73.3M	66.0M	103.0M
Net Tangible Assets	110.1M	111.9M	86.5M	89.2M	80.3M	90.0M
Long Term Investments	112.2M	85.8M	88.5M	71.8M	65.0M	70.9M

Pair Trading with Blue Ribbon

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Blue Ribbon position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Blue Ribbon will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Blue Ribbon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blue Ribbon when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Blue Ribbon - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Blue Ribbon Income to buy it.

The correlation of Blue Ribbon is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Blue Ribbon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blue Ribbon Income moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Blue Ribbon can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Blue Stock

Balance Sheet is a snapshot of the financial position of Blue Ribbon Income at a specified time, usually calculated after every quarter, six months, or one year. Blue Ribbon Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Blue Ribbon 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 Blue currently owns. An asset can also be divided into two categories, current and non-current.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Blue Income Before Tax vs Gross Profit Analysis

Income Before Tax vs Gross Profit

Income Before Tax vs Gross Profit Correlation Analysis

Correlation Coefficient

Income Before Tax

Gross Profit

Blue Ribbon fundamental ratios Correlations

Blue Ribbon Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Blue Ribbon fundamental ratios Accounts

Pair Trading with Blue Ribbon

Other Information on Investing in Blue Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash And Short Term Investments
Non Current Assets Total	+ 0.99	Total Assets

Total Current Assets	- 1.0	Net Debt
Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Common Stock	- 0.97	Non Currrent Assets Other
Non Currrent Assets Other	- 0.97	Non Current Assets Total
Non Currrent Assets Other	- 0.96	Total Stockholder Equity