BXB Stock | | | 19.07 0.32 1.65% |
Brambles financial indicator trend analysis is way more than just evaluating Brambles prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Brambles is a good investment. Please check the relationship between Brambles Income Before Tax and its Net Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Brambles. 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 Before Tax vs Net Income
Income Before Tax vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Brambles Income Before Tax account and
Net Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Brambles' Income Before Tax and Net Income is 0.52. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Net Income in the same time period over historical financial statements of Brambles, assuming nothing else is changed. The correlation between historical values of Brambles' Income Before Tax and Net Income 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 Brambles are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Income Before Tax i.e., Brambles' Income Before Tax and Net Income go up and down completely randomly.
Correlation Coefficient | 0.52 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Brambles income statement and is an important metric when analyzing Brambles 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.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Brambles financial statement analysis. It represents the amount of money remaining after all of Brambles operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Brambles' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Brambles 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 Brambles. 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 904.2
M in 2024.
Discontinued Operations is likely to drop to about 48.1
M in 2024
Brambles fundamental ratios Correlations
Click cells to compare fundamentals
Brambles Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Brambles fundamental ratios Accounts
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Additional Tools for Brambles Stock Analysis
When running Brambles' price analysis, check to
measure Brambles' 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 Brambles is operating at the current time. Most of Brambles' value examination focuses on studying past and present price action to
predict the probability of Brambles' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brambles' price. Additionally, you may evaluate how the addition of Brambles to your portfolios can decrease your overall portfolio volatility.