Veritex Income Before Tax vs Gross Profit Analysis

VBTX Stock

USD 30.07 0.70 2.38%

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

For more information on how to buy Veritex Stock please use our How to Invest in Veritex Holdings guide.

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 Veritex Holdings Income Before Tax account and Gross Profit. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Veritex Holdings' Income Before Tax and Gross Profit is 0.86. 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 Veritex Holdings, assuming nothing else is changed. The correlation between historical values of Veritex Holdings' 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 Veritex Holdings 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., Veritex Holdings' Income Before Tax and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Veritex Holdings income statement and is an important metric when analyzing Veritex Holdings 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 Veritex Holdings minus its cost of goods sold. It is profit before Veritex Holdings 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 Veritex Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Veritex Holdings 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 Veritex Holdings. 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.

For more information on how to buy Veritex Stock please use our How to Invest in Veritex Holdings guide.At this time, Veritex Holdings' Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.48 in 2024, whereas Tax Provision is likely to drop slightly above 23.6 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	333.4M	422.6M	726.9M	763.2M
Total Revenue	333.4M	422.6M	726.9M	763.2M

Gross Profit Total Revenue

Veritex Holdings fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Good Will	Common Stock Shares Outstanding	Other Stockholder Equity	Intangible Assets	Short Long Term Debt Total	Total Current Liabilities	Other Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab
Total Assets		0.99	0.31	-0.69	0.98	0.99	0.89	0.98	0.81	0.78	0.63	0.89	0.85	0.43	0.97	0.92	0.92	0.7	0.7	0.35	0.22	0.91	0.6	0.49	-0.19	1.0
Total Stockholder Equity	0.99		0.38	-0.63	0.95	1.0	0.91	1.0	0.86	0.79	0.59	0.87	0.9	0.45	0.94	0.87	0.89	0.68	0.71	0.38	0.25	0.93	0.58	0.45	-0.15	0.99
Non Current Assets Total	0.31	0.38		0.44	0.11	0.39	0.36	0.4	0.36	0.11	0.14	0.33	0.58	0.01	0.23	0.12	0.23	0.0	0.26	0.2	0.12	0.3	0.3	-0.56	0.74	0.28
Non Currrent Assets Other	-0.69	-0.63	0.44		-0.82	-0.61	-0.52	-0.59	-0.41	-0.51	-0.64	-0.57	-0.31	-0.2	-0.74	-0.8	-0.73	-0.52	-0.4	-0.09	-0.07	-0.58	-0.49	-0.88	0.73	-0.71
Other Assets	0.98	0.95	0.11	-0.82		0.94	0.85	0.94	0.76	0.79	0.64	0.83	0.76	0.43	0.96	0.94	0.92	0.73	0.63	0.26	0.17	0.88	0.57	0.63	-0.35	0.98
Good Will	0.99	1.0	0.39	-0.61	0.94		0.92	0.99	0.86	0.78	0.6	0.87	0.91	0.44	0.93	0.86	0.88	0.65	0.71	0.4	0.26	0.92	0.58	0.45	-0.14	0.98
Common Stock Shares Outstanding	0.89	0.91	0.36	-0.52	0.85	0.92		0.93	0.96	0.87	0.32	0.74	0.96	0.66	0.77	0.68	0.69	0.69	0.75	0.48	0.33	0.99	0.3	0.45	-0.2	0.88
Other Stockholder Equity	0.98	1.0	0.4	-0.59	0.94	0.99	0.93		0.88	0.81	0.56	0.84	0.92	0.48	0.92	0.85	0.87	0.66	0.7	0.37	0.27	0.93	0.55	0.43	-0.13	0.98
Intangible Assets	0.81	0.86	0.36	-0.41	0.76	0.86	0.96	0.88		0.9	0.16	0.65	0.94	0.75	0.65	0.53	0.57	0.65	0.78	0.59	0.39	0.95	0.14	0.45	-0.23	0.8
Short Long Term Debt Total	0.78	0.79	0.11	-0.51	0.79	0.78	0.87	0.81	0.9		0.04	0.67	0.81	0.89	0.65	0.57	0.54	0.85	0.77	0.57	0.41	0.89	-0.02	0.54	-0.36	0.78
Total Current Liabilities	0.63	0.59	0.14	-0.64	0.64	0.6	0.32	0.56	0.16	0.04		0.59	0.28	-0.4	0.76	0.81	0.82	0.09	0.17	-0.15	-0.09	0.34	0.98	0.32	-0.08	0.64
Other Liab	0.89	0.87	0.33	-0.57	0.83	0.87	0.74	0.84	0.65	0.67	0.59		0.74	0.35	0.88	0.83	0.82	0.67	0.8	0.53	0.37	0.77	0.59	0.37	-0.08	0.89
Property Plant And Equipment Net	0.85	0.9	0.58	-0.31	0.76	0.91	0.96	0.92	0.94	0.81	0.28	0.74		0.62	0.72	0.61	0.64	0.61	0.71	0.48	0.35	0.93	0.31	0.21	0.05	0.84
Net Debt	0.43	0.45	0.01	-0.2	0.43	0.44	0.66	0.48	0.75	0.89	-0.4	0.35	0.62		0.24	0.15	0.1	0.7	0.61	0.59	0.47	0.67	-0.45	0.38	-0.33	0.42
Retained Earnings	0.97	0.94	0.23	-0.74	0.96	0.93	0.77	0.92	0.65	0.65	0.76	0.88	0.72	0.24		0.98	0.97	0.67	0.59	0.21	0.07	0.8	0.73	0.48	-0.17	0.97
Accounts Payable	0.92	0.87	0.12	-0.8	0.94	0.86	0.68	0.85	0.53	0.57	0.81	0.83	0.61	0.15	0.98		0.95	0.61	0.46	0.06	0.04	0.72	0.76	0.5	-0.21	0.93
Cash	0.92	0.89	0.23	-0.73	0.92	0.88	0.69	0.87	0.57	0.54	0.82	0.82	0.64	0.1	0.97	0.95		0.57	0.54	0.15	0.01	0.73	0.79	0.47	-0.18	0.92
Long Term Debt	0.7	0.68	0.0	-0.52	0.73	0.65	0.69	0.66	0.65	0.85	0.09	0.67	0.61	0.7	0.67	0.61	0.57		0.64	0.4	0.03	0.73	0.02	0.44	-0.26	0.71
Cash And Short Term Investments	0.7	0.71	0.26	-0.4	0.63	0.71	0.75	0.7	0.78	0.77	0.17	0.8	0.71	0.61	0.59	0.46	0.54	0.64		0.9	0.58	0.79	0.15	0.47	-0.29	0.69
Net Receivables	0.35	0.38	0.2	-0.09	0.26	0.4	0.48	0.37	0.59	0.57	-0.15	0.53	0.48	0.59	0.21	0.06	0.15	0.4	0.9		0.65	0.51	-0.15	0.31	-0.24	0.34
Common Stock Total Equity	0.22	0.25	0.12	-0.07	0.17	0.26	0.33	0.27	0.39	0.41	-0.09	0.37	0.35	0.47	0.07	0.04	0.01	0.03	0.58	0.65		0.37	-0.09	0.22	-0.21	0.22
Short Term Investments	0.91	0.93	0.3	-0.58	0.88	0.92	0.99	0.93	0.95	0.89	0.34	0.77	0.93	0.67	0.8	0.72	0.73	0.73	0.79	0.51	0.37		0.31	0.52	-0.27	0.91
Non Current Liabilities Total	0.6	0.58	0.3	-0.49	0.57	0.58	0.3	0.55	0.14	-0.02	0.98	0.59	0.31	-0.45	0.73	0.76	0.79	0.02	0.15	-0.15	-0.09	0.31		0.15	0.1	0.61
Inventory	0.49	0.45	-0.56	-0.88	0.63	0.45	0.45	0.43	0.45	0.54	0.32	0.37	0.21	0.38	0.48	0.5	0.47	0.44	0.47	0.31	0.22	0.52	0.15		-0.94	0.51
Other Current Assets	-0.19	-0.15	0.74	0.73	-0.35	-0.14	-0.2	-0.13	-0.23	-0.36	-0.08	-0.08	0.05	-0.33	-0.17	-0.21	-0.18	-0.26	-0.29	-0.24	-0.21	-0.27	0.1	-0.94		-0.21
Total Liab	1.0	0.99	0.28	-0.71	0.98	0.98	0.88	0.98	0.8	0.78	0.64	0.89	0.84	0.42	0.97	0.93	0.92	0.71	0.69	0.34	0.22	0.91	0.61	0.51	-0.21

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Veritex Holdings Account Relationship Matchups

Veritex Holdings fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.0B	8.8B	9.8B	12.2B	12.4B	13.0B
Total Stockholder Equity	1.2B	1.2B	1.3B	1.4B	1.5B	1.6B
Non Current Assets Total	1.6B	1.7B	1.8B	566.5M	1.8B	1.4B
Non Currrent Assets Other	(29.1M)	(40.7M)	(36.6M)	(1.5B)	(1.8B)	(1.7B)
Other Assets	6.1B	5.9B	6.6B	11.0B	9.9B	10.4B
Good Will	370.7M	370.8M	403.8M	404.5M	465.1M	488.4M
Common Stock Shares Outstanding	54.0M	50.0M	50.4M	54.0M	54.6M	29.2M
Liabilities And Stockholders Equity	8.0B	8.8B	9.8B	12.2B	12.4B	13.0B
Other Stockholder Equity	1.0B	974.4M	975.2M	1.1B	1.1B	1.2B
Intangible Assets	72.3M	61.7M	66.0M	53.2M	41.8M	27.0M
Short Long Term Debt Total	825.8M	1.0B	1.0B	1.4B	329.8M	451.3M
Total Current Liabilities	43.8M	61.9M	69.2M	177.6M	7.0B	7.4B
Other Liab	878K	11.3M	11.3M	10.1M	11.6M	12.2M
Property Plant And Equipment Net	118.5M	115.1M	109.3M	108.8M	105.7M	71.3M
Net Debt	574.2M	809.7M	625.5M	967.7M	(299.3M)	(284.3M)
Retained Earnings	147.9M	172.2M	275.3M	379.3M	444.2M	466.5M
Accounts Payable	43.8M	61.9M	69.2M	177.6M	204.2M	214.4M
Cash	251.6M	230.8M	379.8M	436.1M	629.1M	660.5M
Long Term Debt	147.9M	265.0M	1.0B	1.4B	329.8M	297.1M
Cash And Short Term Investments	251.6M	1.3B	1.4B	558.5M	629.1M	442.8M
Net Receivables	10.4M	6.7B	7.3B	1.7M	2.0M	1.9M
Common Stock Total Equity	243K	549K	73.9M	560K	644K	611.8K
Short Term Investments	964.4M	1.0B	993.1M	1.1B	1.1B	548.4M
Non Current Liabilities Total	825.8M	1.0B	1.0B	177.6M	10.9B	11.4B
Inventory	(2.4B)	(2.7B)	6.0M	2.3M	2.1M	2.2M
Other Current Assets	267.9M	258.7M	491.4M	437.8M	629.1M	689.6M
Total Liab	6.8B	7.6B	8.4B	10.7B	10.9B	11.4B
Property Plant And Equipment Gross	118.5M	133.5M	130.8M	135.4M	137.1M	80.2M
Total Current Assets	251.6M	1.3B	1.4B	558.5M	629.1M	375.2M
Accumulated Other Comprehensive Income	19.1M	56.2M	64.1M	(69.4M)	(63.5M)	(60.3M)
Common Stock	511K	555K	560K	607K	610K	348.0K
Property Plant Equipment	118.5M	115.1M	109.3M	125.6M	144.4M	151.6M
Other Current Liab	(43.8M)	(118.0M)	(102.6M)	724.6M	6.9B	7.2B
Net Tangible Assets	747.7M	770.8M	845.3M	1.0B	1.2B	1.2B
Retained Earnings Total Equity	84.0M	147.9M	172.2M	275.3M	316.6M	332.4M
Long Term Debt Total	16.7M	147.9M	265.0M	227.8M	261.9M	275.0M
Capital Surpluse	449.4M	1.1B	1.1B	1.1B	1.3B	1.4B
Long Term Investments	7.0B	1.2B	1.2B	1.4B	1.3B	2.1B

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Veritex 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

Veritex Holdings fundamental ratios Correlations

Veritex Holdings Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Veritex Holdings fundamental ratios Accounts

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Additional Tools for Veritex Stock Analysis

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COMPANY

Total Liab	+ 1.0	Total Assets
Good Will	+ 1.0	Total Stockholder Equity
Other Stockholder Equity	+ 1.0	Total Stockholder Equity
Total Stockholder Equity	+ 0.99	Total Assets
Good Will	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Stockholder Equity

Other Current Assets	- 0.94	Inventory
Inventory	- 0.88	Non Currrent Assets Other
Other Assets	- 0.82	Non Currrent Assets Other
Accounts Payable	- 0.8	Non Currrent Assets Other
Retained Earnings	- 0.74	Non Currrent Assets Other
Cash	- 0.73	Non Currrent Assets Other