Conico Gross Profit vs Income Before Tax Analysis

CNJ Stock   0.01  0  20.00%   
Conico financial indicator trend analysis is way more than just evaluating Conico prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Conico is a good investment. Please check the relationship between Conico 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 Conico. 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.

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 Conico Gross Profit account and Income Before Tax. At this time, the significance of the direction appears to have almost no relationship.
Gross ProfitIncome Before TaxDiversified AwayGross ProfitIncome Before TaxDiversified Away100%
The correlation between Conico's Gross Profit and Income Before Tax is 0.19. 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 Conico, assuming nothing else is changed. The correlation between historical values of Conico's 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 Conico 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., Conico's Gross Profit and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.19
Relationship DirectionPositive 
Relationship StrengthInsignificant

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Conico minus its cost of goods sold. It is profit before Conico 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 Conico income statement and is an important metric when analyzing Conico 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 Conico's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Conico 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 Conico. 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 168.7 K in 2024. Issuance Of Capital Stock is likely to drop to about 574.6 K in 2024
 2021 2022 2023 2024 (projected)
Reconciled Depreciation5.1K9.6K30.1K31.7K
Interest Income2.0K1.3K2.1K1.9K

Conico fundamental ratios Correlations

0.260.361.0-0.24-0.250.410.610.250.980.250.280.340.120.420.980.280.510.510.12-0.190.16-0.270.10.06-0.52
0.260.970.23-0.03-0.030.030.040.040.260.04-0.210.020.060.860.260.060.030.160.13-0.280.08-0.17-0.03-0.070.1
0.360.970.33-0.08-0.050.050.250.070.350.07-0.170.070.090.880.350.080.070.230.16-0.310.12-0.21-0.05-0.110.02
1.00.230.33-0.24-0.250.410.610.260.980.260.290.340.130.390.980.280.510.520.12-0.180.17-0.270.090.04-0.53
-0.24-0.03-0.08-0.240.610.36-0.51-0.62-0.11-0.62-0.34-0.01-0.590.04-0.12-0.630.29-0.52-0.44-0.47-0.86-0.30.460.090.24
-0.25-0.03-0.05-0.250.61-0.15-0.33-1.0-0.04-1.0-0.280.44-0.040.07-0.04-1.0-0.14-0.090.14-0.7-0.29-0.65-0.140.030.26
0.410.030.050.410.36-0.15-0.080.160.390.160.01-0.39-0.840.30.380.160.92-0.51-0.850.1-0.730.240.820.59-0.06
0.610.040.250.61-0.51-0.33-0.080.330.560.330.310.320.430.150.560.350.00.570.4-0.050.51-0.19-0.26-0.25-0.5
0.250.040.070.26-0.62-1.00.160.330.051.00.27-0.440.02-0.030.051.00.150.08-0.150.70.290.660.160.01-0.24
0.980.260.350.98-0.11-0.040.390.560.050.050.230.440.120.441.00.070.50.510.15-0.350.11-0.420.070.06-0.48
0.250.040.070.26-0.62-1.00.160.331.00.050.27-0.440.02-0.030.051.00.150.08-0.150.70.290.660.160.01-0.24
0.28-0.21-0.170.29-0.34-0.280.010.310.270.230.27-0.150.24-0.310.230.27-0.010.190.140.430.280.27-0.28-0.26-0.77
0.340.020.070.34-0.010.44-0.390.32-0.440.44-0.44-0.150.510.180.44-0.41-0.150.720.62-0.680.34-0.88-0.27-0.07-0.28
0.120.060.090.13-0.59-0.04-0.840.430.020.120.020.240.51-0.180.130.04-0.720.820.97-0.080.92-0.3-0.88-0.65-0.23
0.420.860.880.390.040.070.30.15-0.030.44-0.03-0.310.18-0.180.43-0.020.340.09-0.08-0.42-0.09-0.330.280.340.02
0.980.260.350.98-0.12-0.040.380.560.051.00.050.230.440.130.430.070.490.520.16-0.350.12-0.420.050.05-0.49
0.280.060.080.28-0.63-1.00.160.351.00.071.00.27-0.410.04-0.020.070.150.11-0.130.670.30.620.160.01-0.27
0.510.030.070.510.29-0.140.920.00.150.50.15-0.01-0.15-0.720.340.490.15-0.24-0.730.04-0.620.140.740.56-0.12
0.510.160.230.52-0.52-0.09-0.510.570.080.510.080.190.720.820.090.520.11-0.240.82-0.250.76-0.45-0.61-0.46-0.41
0.120.130.160.12-0.440.14-0.850.4-0.150.15-0.150.140.620.97-0.080.16-0.13-0.730.82-0.310.84-0.49-0.86-0.64-0.21
-0.19-0.28-0.31-0.18-0.47-0.70.1-0.050.7-0.350.70.43-0.68-0.08-0.42-0.350.670.04-0.25-0.310.120.930.030.02-0.01
0.160.080.120.17-0.86-0.29-0.730.510.290.110.290.280.340.92-0.090.120.3-0.620.760.840.12-0.08-0.78-0.43-0.25
-0.27-0.17-0.21-0.27-0.3-0.650.24-0.190.66-0.420.660.27-0.88-0.3-0.33-0.420.620.14-0.45-0.490.93-0.080.140.050.18
0.1-0.03-0.050.090.46-0.140.82-0.260.160.070.16-0.28-0.27-0.880.280.050.160.74-0.61-0.860.03-0.780.140.750.03
0.06-0.07-0.110.040.090.030.59-0.250.010.060.01-0.26-0.07-0.650.340.050.010.56-0.46-0.640.02-0.430.050.750.08
-0.520.10.02-0.530.240.26-0.06-0.5-0.24-0.48-0.24-0.77-0.28-0.230.02-0.49-0.27-0.12-0.41-0.21-0.01-0.250.180.030.08
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Conico Account Relationship Matchups

Conico fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets16.1M26.6M34.3M38.2M3.5M3.3M
Other Current Liab184.4K89.5K737.5K313.8K181.0K265.0K
Total Current Liabilities232.7K413.0K847.2K538.9K242.2K348.0K
Total Stockholder Equity15.2M25.9M33.2M37.7M3.2M3.1M
Property Plant And Equipment Net5.8K54.9K64.9K554.1K3.0M2.9M
Net Debt230.0K(3.9M)(4.9M)(733.9K)(428.8K)(450.2K)
Retained Earnings(6.0M)(7.0M)(7.9M)(8.8M)(42.4M)(40.3M)
Accounts Payable48.4K323.4K109.8K225.2K61.3K95.9K
Cash171.4K3.9M4.9M733.9K428.8K407.4K
Non Current Assets Total15.9M22.3M29.0M37.4M3.0M2.9M
Cash And Short Term Investments171.4K3.9M4.9M733.9K428.8K407.4K
Net Receivables10.7K16.6K24.3K60.1K16.6K28.9K
Common Stock Shares Outstanding381.2M691.4M1.0B1.5B1.6B1.7B
Liabilities And Stockholders Equity16.1M26.6M34.3M38.2M3.5M3.3M
Total Liab896.6K675.5K1.1M551.4K254.7K242.0K
Property Plant And Equipment Gross15.9M22.4M29.1M37.6M3.4M3.2M
Total Current Assets188K4.2M5.3M813.3K470.0K446.5K
Common Stock20.4M31.4M40.0M43.7M44.3M23.5M
Property Plant Equipment15.9M22.3M29.0M37.4M43.0M45.2M
Non Currrent Assets Other15.9M22.3M28.9M36.9M42.4M44.5M
Non Current Liabilities Total663.9K262.5K262.5K12.5K11.3K10.7K
Inventory(11.3K)(10.7K)(16.6K)(40.7K)(16.6K)(17.4K)
Other Current Assets16.6K311.7K423.1K79.4K24.6K23.4K
Net Tangible Assets15.2M25.9M33.2M37.7M43.3M21.9M
Other Stockholder Equity(14.4M)(24.5M)(32.1M)(34.9M)(31.4M)(29.8M)
Cash And Equivalents165.8K131.1K171.4K3.9M4.5M4.7M
Net Invested Capital15.6M25.9M33.2M37.7M3.2M3.1M
Net Working Capital(44.7K)3.8M4.5M274.4K227.8K216.4K
Capital Stock20.4M31.4M40.0M43.7M44.3M36.6M

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