| 0G2Z Stock | | | 39.22 0.28 0.71% |
Solstad Offshore financial indicator trend analysis is much more than just breaking down Solstad Offshore ASA prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Solstad Offshore ASA is a good investment. Please check the relationship between Solstad Offshore Income Tax Expense and its Gross Profit accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Solstad Offshore ASA. 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.
Income Tax Expense vs Gross Profit
Income Tax Expense vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Solstad Offshore ASA Income Tax Expense account and
Gross Profit. At this time, the significance of the direction appears to have strong relationship.
The correlation between Solstad Offshore's Income Tax Expense and Gross Profit is 0.66. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Solstad Offshore ASA, assuming nothing else is changed. The correlation between historical values of Solstad Offshore's Income Tax Expense 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 Tax Expense of Solstad Offshore ASA 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 Tax Expense i.e., Solstad Offshore's Income Tax Expense and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.66 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Income Tax Expense
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Solstad Offshore ASA minus its cost of goods sold. It is profit before Solstad Offshore 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 Solstad Offshore's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Solstad Offshore ASA 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Solstad Offshore ASA. 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.
Tax Provision is likely to gain to about (3.8
M) in 2024.
Selling General Administrative is likely to drop to about 1.9
B in 2024
| 2019 | 2023 | 2024 (projected) |
Gross Profit | 5.2B | 6.0B | 4.5B | Total Revenue | 5.2B | 5.8B | 4.7B |
Solstad Offshore fundamental ratios Correlations
Click cells to compare fundamentals
Solstad Offshore Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Solstad Offshore fundamental ratios Accounts
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