HITECH Ebit vs Income Before Tax Analysis

HITECH Stock   167.35  3.11  1.82%   
Hi Tech financial indicator trend analysis is much more than just examining Hi Tech Pipes latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hi Tech Pipes is a good investment. Please check the relationship between Hi Tech Ebit and its Income Before Tax accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hi Tech Pipes Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Ebit vs Income Before Tax

Ebit vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hi Tech Pipes Ebit account and Income Before Tax. At this time, the significance of the direction appears to have totally related.
The correlation between Hi Tech's Ebit and Income Before Tax is 1.0. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Hi Tech Pipes Limited, assuming nothing else is changed. The correlation between historical values of Hi Tech's Ebit 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 Ebit of Hi Tech Pipes Limited 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 Ebit i.e., Hi Tech's Ebit and Income Before Tax go up and down completely randomly.

Correlation Coefficient

1.0
Relationship DirectionPositive 
Relationship StrengthVery Strong

Ebit

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Hi Tech income statement and is an important metric when analyzing Hi Tech Pipes 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 Hi Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hi Tech Pipes 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hi Tech Pipes Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
At present, Hi Tech's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 1.2 B, whereas Tax Provision is forecasted to decline to about 86 M.
 2021 2022 2023 2024 (projected)
Gross Profit1.8B2.1B2.4B1.3B
Total Revenue18.8B23.9B27.0B28.3B

Hi Tech fundamental ratios Correlations

0.76-0.390.880.990.990.780.970.9-0.471.00.89-0.150.840.760.780.870.350.870.880.810.750.890.860.990.29
0.76-0.690.880.670.811.00.690.47-0.630.770.43-0.450.890.680.950.850.130.930.850.980.860.650.820.680.22
-0.39-0.69-0.45-0.31-0.46-0.67-0.29-0.10.73-0.42-0.080.66-0.56-0.43-0.55-0.390.28-0.5-0.39-0.66-0.47-0.45-0.32-0.32-0.05
0.880.88-0.450.830.890.890.840.77-0.530.880.72-0.110.970.810.890.990.30.990.990.930.850.730.950.860.45
0.990.67-0.310.830.970.680.980.94-0.420.980.95-0.090.790.730.690.830.40.80.840.730.670.910.810.990.25
0.990.81-0.460.890.970.820.970.87-0.531.00.86-0.190.850.770.820.880.320.890.890.840.770.880.860.980.3
0.781.0-0.670.890.680.820.710.49-0.640.790.44-0.450.890.680.960.860.170.940.860.980.850.640.830.70.23
0.970.69-0.290.840.980.970.710.92-0.50.970.9-0.130.770.660.730.850.410.830.850.740.620.830.80.980.28
0.90.47-0.10.770.940.870.490.92-0.310.890.980.190.70.70.540.780.380.710.790.550.540.780.750.950.44
-0.47-0.630.73-0.53-0.42-0.53-0.64-0.5-0.31-0.5-0.240.61-0.58-0.25-0.57-0.510.1-0.56-0.49-0.62-0.3-0.4-0.34-0.46-0.24
1.00.77-0.420.880.981.00.790.970.89-0.50.89-0.160.840.770.80.880.340.880.880.810.750.890.860.990.31
0.890.43-0.080.720.950.860.440.90.98-0.240.890.150.650.680.480.730.460.650.740.520.520.840.720.940.31
-0.15-0.450.66-0.11-0.09-0.19-0.45-0.130.190.61-0.160.15-0.230.2-0.24-0.020.21-0.16-0.07-0.41-0.03-0.280.07-0.060.56
0.840.89-0.560.970.790.850.890.770.7-0.580.840.65-0.230.760.830.920.180.950.950.950.820.760.880.80.34
0.760.68-0.430.810.730.770.680.660.7-0.250.770.680.20.760.750.840.340.810.820.710.890.650.890.750.56
0.780.95-0.550.890.690.820.960.730.54-0.570.80.48-0.240.830.750.90.260.950.870.920.880.560.880.720.42
0.870.85-0.390.990.830.880.860.850.78-0.510.880.73-0.020.920.840.90.40.980.990.890.850.680.970.860.51
0.350.130.280.30.40.320.170.410.380.10.340.460.210.180.340.260.40.30.40.160.280.360.450.40.01
0.870.93-0.50.990.80.890.940.830.71-0.560.880.65-0.160.950.810.950.980.30.980.950.880.690.950.830.45
0.880.85-0.390.990.840.890.860.850.79-0.490.880.74-0.070.950.820.870.990.40.980.90.830.720.960.870.43
0.810.98-0.660.930.730.840.980.740.55-0.620.810.52-0.410.950.710.920.890.160.950.90.860.710.850.740.23
0.750.86-0.470.850.670.770.850.620.54-0.30.750.52-0.030.820.890.880.850.280.880.830.860.640.910.680.43
0.890.65-0.450.730.910.880.640.830.78-0.40.890.84-0.280.760.650.560.680.360.690.720.710.640.690.870.02
0.860.82-0.320.950.810.860.830.80.75-0.340.860.720.070.880.890.880.970.450.950.960.850.910.690.830.5
0.990.68-0.320.860.990.980.70.980.95-0.460.990.94-0.060.80.750.720.860.40.830.870.740.680.870.830.34
0.290.22-0.050.450.250.30.230.280.44-0.240.310.310.560.340.560.420.510.010.450.430.230.430.020.50.34
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Hi Tech Account Relationship Matchups

Hi Tech fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.7B6.0B7.7B9.2B11.8B12.4B
Short Long Term Debt Total3.2B3.2B3.9B2.4B4.0B2.6B
Other Current Liab2.5M76.8M74.3M158.7M84.7M89.8M
Total Current Liabilities2.9B2.6B3.4B3.8B4.7B2.8B
Total Stockholder Equity1.7B2.1B2.6B4.2B5.8B6.1B
Property Plant And Equipment Net2.1B2.4B2.7B3.2B4.2B4.4B
Net Debt3.1B3.2B3.9B2.3B4.0B2.5B
Retained Earnings862.0M1.1B1.5B1.9B2.3B2.4B
Accounts Payable560.6M492.3M796.6M1.7B1.6B1.7B
Cash7.3M6.3M9.0M18.9M23.3M38.4M
Non Current Assets Total2.1B2.4B2.8B3.6B4.6B4.9B
Non Currrent Assets Other36.1M52.4M66.3M389.8M433.9M455.6M
Cash And Short Term Investments7.3M6.3M9.0M211.7M23.3M22.2M
Net Receivables1.8B1.2B1.7B1.9B2.8B1.5B
Liabilities And Stockholders Equity5.7B6.0B7.7B9.2B11.8B12.4B
Non Current Liabilities Total1.0B1.3B1.7B1.2B1.4B912.7M
Inventory1.8B1.9B2.6B3.1B3.5B1.8B
Total Liab3.9B3.9B5.1B5.0B6.0B3.8B
Total Current Assets3.6B3.6B4.9B5.5B7.2B3.7B
Short Term Debt2.2B2.0B2.4B1.8B3.0B1.8B
Common Stock109.3M112.1M122.7M127.8M149.9M102.1M
Other Stockholder Equity987.6M462.0M619.8M967.6M2.5B2.6B
Other Liab136.8M168.9M203.6M254.9M293.1M164.8M
Net Tangible Assets1.7B2.1B2.6B4.2B4.8B5.0B
Current Deferred Revenue120.8M99.4M164.1M538.6M42.2M40.1M
Other Assets66.0M(1K)110.1M2.7M3.1M2.9M
Long Term Debt936.1M631.0M378.3M940.3M1.1B763.3M
Short Long Term Debt2.2B1.8B2.2B1.4B2.6B1.7B
Accumulated Other Comprehensive Income(222.8M)396.8M353.1M1.2B841.4M883.4M
Intangible Assets475K125K200K5.7M5.3M5.6M
Property Plant Equipment2.0B2.3B2.7B2.3B2.6B1.8B
Long Term Debt Total974.3M659.4M393.8M155.4M139.9M132.9M
Short Term Investments(36.1M)162.9M161.7M192.8M236.6M248.4M
Net Invested Capital4.9B5.0B6.2B6.5B9.4B6.3B
Net Working Capital672.3M964.6M1.5B1.7B2.5B1.3B
Capital Stock109.3M112.1M122.7M127.8M149.9M133.6M

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Other Information on Investing in HITECH Stock

Balance Sheet is a snapshot of the financial position of Hi Tech Pipes at a specified time, usually calculated after every quarter, six months, or one year. Hi Tech Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hi Tech and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which HITECH currently owns. An asset can also be divided into two categories, current and non-current.