CarMax Other Operating Expenses vs Ebitda Analysis
0HTQ Stock | 85.15 0.15 0.18% |
CarMax financial indicator trend analysis is way more than just evaluating CarMax Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CarMax Inc is a good investment. Please check the relationship between CarMax Other Operating Expenses and its Ebitda accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CarMax Inc. 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.
Other Operating Expenses vs Ebitda
Other Operating Expenses vs Ebitda Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CarMax Inc Other Operating Expenses account and Ebitda. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between CarMax's Other Operating Expenses and Ebitda is 0.47. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Ebitda in the same time period over historical financial statements of CarMax Inc, assuming nothing else is changed. The correlation between historical values of CarMax's Other Operating Expenses and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of CarMax Inc are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Other Operating Expenses i.e., CarMax's Other Operating Expenses and Ebitda go up and down completely randomly.
Correlation Coefficient | 0.47 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of CarMax Inc. It is also known as CarMax overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Ebitda
Most indicators from CarMax's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CarMax Inc 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 CarMax Inc. 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. Selling General Administrative is likely to drop to about 1.6 B in 2024. Tax Provision is likely to drop to about 244.5 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 31.9B | 29.7B | 26.5B | 27.9B | Depreciation And Amortization | 273.2M | 265.2M | 260.4M | 273.4M |
CarMax fundamental ratios Correlations
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CarMax Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running CarMax's price analysis, check to measure CarMax'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 CarMax is operating at the current time. Most of CarMax's value examination focuses on studying past and present price action to predict the probability of CarMax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CarMax's price. Additionally, you may evaluate how the addition of CarMax to your portfolios can decrease your overall portfolio volatility.