Western Income Before Tax vs Total Operating Expenses Analysis
| WAVS Stock | USD 11.05 0.37 3.24% |
Western Acquisition financial indicator trend analysis is more than just analyzing Western Acquisition current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Western Acquisition is a good investment. Please check the relationship between Western Acquisition Income Before Tax and its Total Operating Expenses accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Acquisition Ventures. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
Income Before Tax vs Total Operating Expenses
Income Before Tax vs Total Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Western Acquisition Income Before Tax account and Total Operating Expenses. At this time, the significance of the direction appears to have pay attention.
The correlation between Western Acquisition's Income Before Tax and Total Operating Expenses is -0.8. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Western Acquisition Ventures, assuming nothing else is changed. The correlation between historical values of Western Acquisition's Income Before Tax and Total Operating Expenses 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 Western Acquisition Ventures are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Income Before Tax i.e., Western Acquisition's Income Before Tax and Total Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.8 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Western Acquisition income statement and is an important metric when analyzing Western Acquisition 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.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most indicators from Western Acquisition's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Western Acquisition 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Acquisition Ventures. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. Selling General Administrative is likely to gain to about 1.1 M in 2024, whereas Tax Provision is likely to drop slightly above 191.1 K in 2024.
| 2010 | 2023 | 2024 (projected) | Net Interest Income | 1.6M | 1.3M | 1.1M | Tax Provision | 250.7K | 227.0K | 191.1K |
Western Acquisition fundamental ratios Correlations
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Western Acquisition Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Additional Tools for Western Stock Analysis
When running Western Acquisition's price analysis, check to measure Western Acquisition's 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 Western Acquisition is operating at the current time. Most of Western Acquisition's value examination focuses on studying past and present price action to predict the probability of Western Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Western Acquisition's price. Additionally, you may evaluate how the addition of Western Acquisition to your portfolios can decrease your overall portfolio volatility.