Chardan Total Revenue vs Income Before Tax Analysis

DFLIW Stock  USD 0.01  0.0006  4.51%   
Chardan NexTech financial indicator trend analysis is way more than just evaluating Chardan NexTech Acqu prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chardan NexTech Acqu is a good investment. Please check the relationship between Chardan NexTech Total Revenue and its Income Before Tax accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Chardan NexTech Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Total Revenue vs Income Before Tax

Total Revenue vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chardan NexTech Acqu Total Revenue account and Income Before Tax. At this time, the significance of the direction appears to have pay attention.
The correlation between Chardan NexTech's Total Revenue and Income Before Tax is -0.83. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Chardan NexTech Acquisition, assuming nothing else is changed. The correlation between historical values of Chardan NexTech's Total Revenue 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 Total Revenue of Chardan NexTech Acquisition 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 Total Revenue i.e., Chardan NexTech's Total Revenue and Income Before Tax go up and down completely randomly.

Correlation Coefficient

-0.83
Relationship DirectionNegative 
Relationship StrengthSignificant

Total Revenue

Total revenue comprises all receipts Chardan NexTech Acqu generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Chardan NexTech income statement and is an important metric when analyzing Chardan NexTech Acqu 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 Chardan NexTech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chardan NexTech Acqu 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Chardan NexTech Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Sales General And Administrative To Revenue is likely to climb to 0.43 in 2024, whereas Tax Provision is likely to drop slightly above 755.8 K in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit29.6M24.0M15.4M17.9M
Total Revenue78M86.3M64.4M75.9M

Chardan NexTech fundamental ratios Correlations

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Chardan NexTech Account Relationship Matchups

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