TRENT Stock | | | 6,795 52.20 0.77% |
Trent financial indicator trend analysis is much more than just breaking down Trent Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Trent Limited is a good investment. Please check the relationship between Trent Discontinued Operations and its Income Before Tax accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Trent Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Discontinued Operations vs Income Before Tax
Discontinued Operations vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Trent Limited Discontinued Operations account and
Income Before Tax. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Trent's Discontinued Operations and Income Before Tax is 0.47. Overlapping area represents the amount of variation of Discontinued Operations that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Trent Limited, assuming nothing else is changed. The correlation between historical values of Trent's Discontinued Operations 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 Discontinued Operations of Trent Limited 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 Discontinued Operations i.e., Trent's Discontinued Operations and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.47 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Discontinued Operations
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Trent income statement and is an important metric when analyzing Trent Limited 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 Trent's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Trent Limited 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Trent Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
At this time, Trent's
Selling General Administrative is very stable compared to the past year. As of the 30th of November 2024, Discontinued Operations is likely to grow to about 317.5
M, while
Issuance Of Capital Stock is likely to drop about 339.4
M.
Trent fundamental ratios Correlations
Click cells to compare fundamentals
Trent Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Trent fundamental ratios Accounts
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Other Information on Investing in Trent Stock
Balance Sheet is a snapshot of the
financial position of Trent Limited at a specified time, usually calculated after every quarter, six months, or one year. Trent Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Trent 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 Trent currently owns. An asset can also be divided into two categories, current and non-current.