American Gross Profit vs Income Before Tax Analysis

AAT Stock  USD 27.82  0.10  0.36%   
American Assets financial indicator trend analysis is way more than just evaluating American Assets Trust prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American Assets Trust is a good investment. Please check the relationship between American Assets Gross Profit and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Assets Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Gross Profit vs Income Before Tax

Gross Profit vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of American Assets Trust Gross Profit account and Income Before Tax. At this time, the significance of the direction appears to have very strong relationship.
The correlation between American Assets' Gross Profit and Income Before Tax is 0.83. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of American Assets Trust, assuming nothing else is changed. The correlation between historical values of American Assets' Gross Profit 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 Gross Profit of American Assets Trust 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 Gross Profit i.e., American Assets' Gross Profit and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.83
Relationship DirectionPositive 
Relationship StrengthStrong

Gross Profit

Gross profit is a required income statement account that reflects total revenue of American Assets Trust minus its cost of goods sold. It is profit before American Assets 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.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on American Assets income statement and is an important metric when analyzing American Assets Trust 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 American Assets' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American Assets Trust 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 American Assets Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
At this time, American Assets' Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 18.37 in 2024, whereas Selling General Administrative is likely to drop slightly above 21.5 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense58.6M58.2M64.7M58.0M
Depreciation And Amortization276.0M307.9M119.5M119.3M

American Assets fundamental ratios Correlations

0.790.83-0.450.580.710.62-0.450.850.70.430.780.710.870.820.340.8-0.190.83-0.550.660.85-0.450.540.450.74
0.790.96-0.440.570.980.77-0.510.940.950.611.00.890.720.950.520.61-0.260.96-0.760.920.97-0.510.570.790.92
0.830.96-0.450.510.890.65-0.490.990.90.510.960.850.770.990.420.69-0.310.99-0.80.861.0-0.490.610.70.9
-0.45-0.44-0.45-0.04-0.39-0.530.12-0.41-0.41-0.57-0.4-0.31-0.46-0.48-0.51-0.420.05-0.50.57-0.5-0.470.12-0.63-0.45-0.39
0.580.570.51-0.040.570.6-0.480.510.60.280.590.610.460.420.20.36-0.370.44-0.180.470.54-0.480.080.50.49
0.710.980.89-0.390.570.8-0.490.850.940.650.980.870.640.870.560.51-0.260.89-0.710.940.91-0.490.510.820.91
0.620.770.65-0.530.60.8-0.370.590.760.790.770.670.590.610.720.410.120.66-0.480.720.69-0.370.490.790.63
-0.45-0.51-0.490.12-0.48-0.49-0.37-0.54-0.490.1-0.56-0.84-0.24-0.460.25-0.160.45-0.460.33-0.32-0.51.00.29-0.23-0.4
0.850.940.99-0.410.510.850.59-0.540.870.410.930.850.760.990.320.69-0.330.98-0.790.80.99-0.540.550.630.87
0.70.950.9-0.410.60.940.76-0.490.870.590.950.850.650.880.50.53-0.310.89-0.720.90.92-0.490.520.830.86
0.430.610.51-0.570.280.650.790.10.410.590.570.320.480.50.980.370.10.54-0.420.660.540.10.760.670.58
0.781.00.96-0.40.590.980.77-0.560.930.950.570.920.690.930.480.57-0.280.95-0.740.910.96-0.560.50.770.91
0.710.890.85-0.310.610.870.67-0.840.850.850.320.920.530.820.190.4-0.380.83-0.60.740.86-0.840.170.610.77
0.870.720.77-0.460.460.640.59-0.240.760.650.480.690.530.760.420.97-0.120.77-0.720.660.78-0.240.70.60.76
0.820.950.99-0.480.420.870.61-0.460.990.880.50.930.820.760.420.69-0.271.0-0.820.840.99-0.460.630.670.88
0.340.520.42-0.510.20.560.720.250.320.50.980.480.190.420.420.310.20.45-0.350.590.450.250.760.610.48
0.80.610.69-0.420.360.510.41-0.160.690.530.370.570.40.970.690.31-0.20.69-0.710.560.69-0.160.70.50.72
-0.19-0.26-0.310.05-0.37-0.260.120.45-0.33-0.310.1-0.28-0.38-0.12-0.270.2-0.2-0.250.29-0.23-0.290.450.05-0.09-0.41
0.830.960.99-0.50.440.890.66-0.460.980.890.540.950.830.771.00.450.69-0.25-0.820.860.99-0.460.640.690.89
-0.55-0.76-0.80.57-0.18-0.71-0.480.33-0.79-0.72-0.42-0.74-0.6-0.72-0.82-0.35-0.710.29-0.82-0.74-0.790.33-0.65-0.71-0.8
0.660.920.86-0.50.470.940.72-0.320.80.90.660.910.740.660.840.590.56-0.230.86-0.740.86-0.320.610.850.86
0.850.971.0-0.470.540.910.69-0.50.990.920.540.960.860.780.990.450.69-0.290.99-0.790.86-0.50.610.720.89
-0.45-0.51-0.490.12-0.48-0.49-0.371.0-0.54-0.490.1-0.56-0.84-0.24-0.460.25-0.160.45-0.460.33-0.32-0.50.29-0.23-0.4
0.540.570.61-0.630.080.510.490.290.550.520.760.50.170.70.630.760.70.050.64-0.650.610.610.290.590.64
0.450.790.7-0.450.50.820.79-0.230.630.830.670.770.610.60.670.610.5-0.090.69-0.710.850.72-0.230.590.78
0.740.920.9-0.390.490.910.63-0.40.870.860.580.910.770.760.880.480.72-0.410.89-0.80.860.89-0.40.640.78
Click cells to compare fundamentals

American Assets Account Relationship Matchups

American Assets fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding54.1M76.1M76.2M76.2M76.3M67.0M
Total Assets2.8B2.8B3.0B3.0B3.0B2.3B
Short Long Term Debt Total1.4B1.4B1.6B1.7B1.7B1.3B
Other Current Liab(76.6M)(150M)(1.7B)(22.0M)(91.1M)(95.7M)
Total Current Liabilities70.9M165.0M72.4M108.7M98.1M75.3M
Total Stockholder Equity1.3B1.3B1.2B1.2B1.2B862.2M
Other Liab69.7M97.9M94.1M62.4M71.8M65.0M
Net Debt1.3B1.3B1.5B1.6B1.6B1.2B
Accounts Payable62.6M59.3M64.5M66.0M61.3M43.8M
Cash99.3M137.3M139.5M49.6M82.9M73.7M
Non Current Assets Total2.7B2.7B2.8B2.8B2.8B2.2B
Non Currrent Assets Other2.6B2.6B2.7B2.8B2.7B1.8B
Other Assets46.4M2.7B2.9B2.8B2.8B2.9B
Long Term Debt1.4B1.3B1.6B1.6B1.7B1.3B
Cash And Short Term Investments99.3M137.3M139.5M49.6M82.9M75.7M
Net Receivables12.0M79.4M90.2M95.0M96.8M101.7M
Liabilities And Stockholders Equity2.8B2.8B3.0B3.0B3.0B2.3B
Non Current Liabilities Total1.4B1.4B1.7B1.7B1.7B1.3B
Other Current Assets(173.6M)10.4M(229.7M)(144.6M)(179.7M)(170.7M)
Other Stockholder Equity1.6B1.4B1.7B1.7B1.1B1.0B
Total Liab1.5B1.6B1.8B1.8B1.8B1.4B
Total Current Assets121.5M146.0M229.7M144.6M190.2M126.8M
Accumulated Other Comprehensive Income5.7M1.8M2.9M10.6M8.3M8.7M
Intangible Assets76.8M67.1M70.3M64.2M57.2M50.0M
Net Tangible Assets1.3B1.3B1.2B1.2B1.4B1.0B
Noncontrolling Interest In Consolidated Entity(20.2M)(18.0M)(28.8M)(35.7M)(32.2M)(30.6M)
Retained Earnings(144.4M)(176.6M)(217.8M)(251.2M)(280.2M)(266.2M)
Common Stock Total Equity474K601K605K607K698.1K541.6K
Retained Earnings Total Equity(144.4M)(176.6M)(217.8M)(251.2M)(226.1M)(214.7M)
Long Term Debt Total1.4B1.3B1.6B1.6B1.9B1.3B
Capital Surpluse1.5B1.4B1.5B1.5B1.7B1.1B
Deferred Long Term Liab46.4M39.2M39.2M39.7M45.7M25.6M
Non Current Liabilities Other68.1M91.3M86.2M79.6M16.6M15.8M
Short Term Debt51.0M150M1.6B34.1M100M188.1M

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When running American Assets' price analysis, check to measure American Assets' 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 American Assets is operating at the current time. Most of American Assets' value examination focuses on studying past and present price action to predict the probability of American Assets' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Assets' price. Additionally, you may evaluate how the addition of American Assets to your portfolios can decrease your overall portfolio volatility.