TRY Income Before Tax vs Income Tax Expense Analysis

TRY Stock   317.00  1.50  0.47%   
TR Property financial indicator trend analysis is much more than just breaking down TR Property Investment prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TR Property Investment is a good investment. Please check the relationship between TR Property Income Before Tax and its Income Tax Expense accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TR Property Investment. 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.

Income Before Tax vs Income Tax Expense

Income Before Tax vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TR Property Investment Income Before Tax account and Income Tax Expense. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between TR Property's Income Before Tax and Income Tax Expense is -0.56. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of TR Property Investment, assuming nothing else is changed. The correlation between historical values of TR Property's Income Before Tax and Income Tax Expense 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 TR Property Investment are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Income Before Tax i.e., TR Property's Income Before Tax and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

-0.56
Relationship DirectionNegative 
Relationship StrengthVery Weak

Income Before Tax

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

Income Tax Expense

Most indicators from TR Property's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TR Property Investment 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 TR Property Investment. 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.
The current year's Selling General Administrative is expected to grow to about 2.8 M, whereas Tax Provision is forecasted to decline to about 1.9 M.

TR Property fundamental ratios Correlations

1.0-0.390.790.690.050.70.65-0.30.06-0.22-0.150.490.41-0.560.370.520.330.680.670.070.32-0.130.69-0.60.73
1.0-0.390.790.690.040.710.6-0.310.06-0.21-0.160.440.37-0.550.330.520.340.680.660.070.32-0.140.71-0.590.72
-0.39-0.39-0.1-0.490.27-0.56-0.20.240.310.230.09-0.41-0.460.09-0.03-0.48-0.2-0.5-0.59-0.070.43-0.05-0.130.77-0.47
0.790.79-0.10.590.640.420.55-0.060.58-0.20.070.40.38-0.330.34-0.090.550.570.72-0.330.39-0.580.67-0.320.49
0.690.69-0.490.590.130.570.38-0.150.07-0.05-0.050.370.37-0.480.060.290.191.00.710.05-0.04-0.360.59-0.790.47
0.050.040.270.640.13-0.140.150.360.93-0.060.40.10.190.130.16-0.810.510.090.4-0.570.19-0.770.150.17-0.1
0.70.71-0.560.420.57-0.140.370.06-0.05-0.020.230.210.21-0.50.190.50.220.570.50.420.120.110.66-0.520.42
0.650.6-0.20.550.380.150.37-0.020.07-0.330.060.830.74-0.480.770.280.20.380.510.070.20.10.21-0.450.57
-0.3-0.310.24-0.06-0.150.360.06-0.020.40.130.96-0.18-0.04-0.260.2-0.460.19-0.170.030.44-0.17-0.05-0.180.19-0.18
0.060.060.310.580.070.93-0.050.070.4-0.040.45-0.010.140.120.17-0.80.460.020.32-0.440.23-0.720.10.22-0.22
-0.22-0.210.23-0.2-0.05-0.06-0.02-0.330.13-0.040.01-0.2-0.21-0.1-0.02-0.1-0.45-0.05-0.020.24-0.330.310.030.13-0.44
-0.15-0.160.090.07-0.050.40.230.060.960.450.01-0.110.03-0.30.23-0.410.25-0.070.150.4-0.08-0.11-0.040.11-0.11
0.490.44-0.410.40.370.10.210.83-0.18-0.01-0.2-0.110.95-0.370.810.240.070.370.57-0.07-0.230.050.03-0.520.42
0.410.37-0.460.380.370.190.210.74-0.040.14-0.210.030.95-0.290.770.10.150.360.63-0.09-0.38-0.08-0.08-0.540.37
-0.56-0.550.09-0.33-0.480.13-0.5-0.48-0.260.12-0.1-0.3-0.37-0.29-0.56-0.44-0.05-0.49-0.37-0.68-0.01-0.2-0.430.41-0.37
0.370.33-0.030.340.060.160.190.770.20.17-0.020.230.810.77-0.560.080.060.050.370.22-0.080.21-0.02-0.170.2
0.520.52-0.48-0.090.29-0.810.50.28-0.46-0.8-0.1-0.410.240.1-0.440.08-0.220.330.070.51-0.010.590.26-0.510.57
0.330.34-0.20.550.190.510.220.20.190.46-0.450.250.070.15-0.050.06-0.220.170.49-0.240.16-0.510.17-0.220.38
0.680.68-0.50.571.00.090.570.38-0.170.02-0.05-0.070.370.36-0.490.050.330.170.70.06-0.05-0.330.59-0.80.48
0.670.66-0.590.720.710.40.50.510.030.32-0.020.150.570.63-0.370.370.070.490.7-0.11-0.23-0.340.33-0.770.55
0.070.07-0.07-0.330.05-0.570.420.070.44-0.440.240.4-0.07-0.09-0.680.220.51-0.240.06-0.11-0.170.650.01-0.190.09
0.320.320.430.39-0.040.190.120.2-0.170.23-0.33-0.08-0.23-0.38-0.01-0.08-0.010.16-0.05-0.23-0.17-0.120.490.350.04
-0.13-0.14-0.05-0.58-0.36-0.770.110.1-0.05-0.720.31-0.110.05-0.08-0.20.210.59-0.51-0.33-0.340.65-0.12-0.260.0-0.04
0.690.71-0.130.670.590.150.660.21-0.180.10.03-0.040.03-0.08-0.43-0.020.260.170.590.330.010.49-0.26-0.170.31
-0.6-0.590.77-0.32-0.790.17-0.52-0.450.190.220.130.11-0.52-0.540.41-0.17-0.51-0.22-0.8-0.77-0.190.350.0-0.17-0.63
0.730.72-0.470.490.47-0.10.420.57-0.18-0.22-0.44-0.110.420.37-0.370.20.570.380.480.550.090.04-0.040.31-0.63
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TR Property Account Relationship Matchups

TR Property fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.3B1.5B1.7B1.1B1.2B957.3M
Total Stockholder Equity1.1B1.3B1.6B968.3M1.1B864.7M
Retained Earnings970.0M1.2B1.4B801.9M61.8M58.7M
Cash40.1M29.1M32.1M36.1M19.1M18.8M
Other Assets60.1M61.7M98.6M66.2M(1.1B)(1.1B)
Long Term Debt58.9M58.1M59.2M57.6M66.2M41.6M
Total Liab119.1M164.9M123.4M82.6M74.9M92.6M
Accounts Payable6.0M194K5.4M8.5M5.6M5.3M
Short Long Term Debt Total99.2M152.6M92.3M68.9M57.7M80.1M
Other Current Liab33.8M94.8M29.6M762K(6.0M)(6.3M)
Total Current Liabilities6.0M194K5.4M8.5M6.0M5.7M
Net Debt59.1M123.5M60.1M32.9M38.6M27.5M
Non Current Assets Total1.2B1.4B1.6B948.7M2.3B2.4B
Cash And Short Term Investments40.1M29.1M32.1M36.1M19.1M22.1M
Net Receivables60.1M61.0M97.7M65.3M4.1M3.9M
Liabilities And Stockholders Equity1.3B1.5B1.7B1.1B1.2B1.1B
Non Current Liabilities Total59.2M57.6M57.3M58.9M57.7M51.5M
Total Current Assets40.1M29.1M32.1M36.1M23.3M31.9M
Other Current Assets(95.1M)(84.9M)(121.9M)(95.2M)(72.1M)(68.5M)
Net Tangible Assets1.1B1.3B1.6B968.3M1.1B1.3B
Long Term Investments1.2B1.4B1.6B948.7M1.1B1.3B
Inventory35.0M23.9M24.2M29.9M72.1M43.4M
Net Invested Capital1.2B1.5B1.7B1.0B1.2B1.1B

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Other Information on Investing in TRY Stock

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