Zota Depreciation And Amortization vs Income Before Tax Analysis

ZOTA Stock   662.80  19.80  3.08%   
Zota Health financial indicator trend analysis is more than just analyzing Zota Health Care current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zota Health Care is a good investment. Please check the relationship between Zota Health Depreciation And Amortization and its Income Before Tax accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zota Health Care. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Depreciation And Amortization vs Income Before Tax

Depreciation And Amortization vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zota Health Care Depreciation And Amortization account and Income Before Tax. At this time, the significance of the direction appears to have pay attention.
The correlation between Zota Health's Depreciation And Amortization and Income Before Tax is -0.92. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Zota Health Care, assuming nothing else is changed. The correlation between historical values of Zota Health's Depreciation And Amortization 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 Depreciation And Amortization of Zota Health Care 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 Depreciation And Amortization i.e., Zota Health's Depreciation And Amortization and Income Before Tax go up and down completely randomly.

Correlation Coefficient

-0.92
Relationship DirectionNegative 
Relationship StrengthSignificant

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Zota Health income statement and is an important metric when analyzing Zota Health Care 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 Zota Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zota Health Care 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 Zota Health Care. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, Zota Health's Selling General Administrative is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 273.9 M in 2024, despite the fact that Tax Provision is likely to grow to (17.2 M).
 2021 2022 2023 2024 (projected)
Interest Expense141K25.6M47.9M50.3M
Depreciation And Amortization36.7M119.6M201.7M211.8M

Zota Health fundamental ratios Correlations

0.830.910.720.910.30.930.080.94-0.60.46-0.070.870.02-0.180.040.250.930.450.830.660.930.430.860.370.2
0.830.940.770.950.760.920.090.89-0.210.810.20.990.13-0.070.480.660.910.820.780.840.940.840.740.750.49
0.910.940.880.960.530.98-0.070.98-0.510.70.170.960.14-0.150.210.390.980.710.860.770.980.670.920.540.3
0.720.770.880.750.460.82-0.40.81-0.460.520.350.80.21-0.130.20.230.80.590.640.690.790.530.860.410.24
0.910.950.960.750.550.970.150.96-0.410.760.130.960.15-0.180.260.470.970.720.850.790.990.710.840.570.28
0.30.760.530.460.550.460.050.410.370.780.330.690.050.210.820.930.450.860.350.660.50.930.210.930.75
0.930.920.980.820.970.460.051.0-0.570.690.070.950.14-0.250.140.331.00.670.880.760.990.630.90.490.22
0.080.09-0.07-0.40.150.050.050.060.140.13-0.420.1-0.01-0.280.050.170.080.030.00.130.120.11-0.260.08-0.02
0.940.890.980.810.960.411.00.06-0.610.660.040.930.14-0.250.080.281.00.630.880.730.990.590.920.450.19
-0.6-0.21-0.51-0.46-0.410.37-0.570.14-0.610.010.29-0.320.040.330.630.51-0.580.04-0.53-0.1-0.50.14-0.730.270.31
0.460.810.70.520.760.780.690.130.660.010.250.760.090.010.450.710.690.960.570.660.730.940.520.790.41
-0.070.20.170.350.130.330.07-0.420.040.290.250.180.21-0.310.60.190.050.270.140.370.090.260.120.04-0.19
0.870.990.960.80.960.690.950.10.93-0.320.760.180.17-0.160.410.560.950.770.830.850.960.780.770.680.42
0.020.130.140.210.150.050.14-0.010.140.040.090.210.17-0.030.18-0.080.14-0.050.240.070.150.030.140.05-0.06
-0.18-0.07-0.15-0.13-0.180.21-0.25-0.28-0.250.330.01-0.31-0.16-0.030.020.36-0.260.08-0.28-0.34-0.230.12-0.150.410.7
0.040.480.210.20.260.820.140.050.080.630.450.60.410.180.020.780.120.510.160.490.190.62-0.110.630.47
0.250.660.390.230.470.930.330.170.280.510.710.190.56-0.080.360.780.320.770.230.530.390.860.060.920.79
0.930.910.980.80.970.451.00.081.0-0.580.690.050.950.14-0.260.120.320.660.880.760.990.630.90.480.21
0.450.820.710.590.720.860.670.030.630.040.960.270.77-0.050.080.510.770.660.50.660.70.980.510.840.53
0.830.780.860.640.850.350.880.00.88-0.530.570.140.830.24-0.280.160.230.880.50.660.870.50.790.370.1
0.660.840.770.690.790.660.760.130.73-0.10.660.370.850.07-0.340.490.530.760.660.660.780.690.540.530.29
0.930.940.980.790.990.50.990.120.99-0.50.730.090.960.15-0.230.190.390.990.70.870.780.670.880.530.24
0.430.840.670.530.710.930.630.110.590.140.940.260.780.030.120.620.860.630.980.50.690.670.420.910.63
0.860.740.920.860.840.210.9-0.260.92-0.730.520.120.770.14-0.15-0.110.060.90.510.790.540.880.420.260.05
0.370.750.540.410.570.930.490.080.450.270.790.040.680.050.410.630.920.480.840.370.530.530.910.260.85
0.20.490.30.240.280.750.22-0.020.190.310.41-0.190.42-0.060.70.470.790.210.530.10.290.240.630.050.85
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Zota Health Account Relationship Matchups

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