IMAGICAA | | | 74.81 1.86 2.43% |
Imagicaaworld Entertainment financial indicator trend analysis is infinitely more than just investigating Imagicaaworld Entertainment recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Imagicaaworld Entertainment is a good investment. Please check the relationship between Imagicaaworld Entertainment Income Before Tax and its Total Operating Expenses accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Imagicaaworld Entertainment 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 gross domestic product.
Income Before Tax vs Total Operating Expenses
Income Before Tax vs Total Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Imagicaaworld Entertainment Income Before Tax account and
Total Operating Expenses. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Imagicaaworld Entertainment's Income Before Tax and Total Operating Expenses is -0.63. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Imagicaaworld Entertainment Limited, assuming nothing else is changed. The correlation between historical values of Imagicaaworld Entertainment's Income Before Tax and Total Operating Expenses 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 Imagicaaworld Entertainment Limited are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Income Before Tax i.e., Imagicaaworld Entertainment's Income Before Tax and Total Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.63 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Imagicaaworld Entertainment income statement and is an important metric when analyzing Imagicaaworld Entertainment 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.
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Most indicators from Imagicaaworld Entertainment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Imagicaaworld Entertainment 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 Imagicaaworld Entertainment 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 gross domestic product.
The current year's
Tax Provision is expected to grow to about 22.7
M, whereas
Selling General Administrative is forecasted to decline to about 52.9
M.
Imagicaaworld Entertainment fundamental ratios Correlations
Click cells to compare fundamentals
Imagicaaworld Entertainment Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Imagicaaworld Entertainment fundamental ratios Accounts
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Other Information on Investing in Imagicaaworld Stock
Balance Sheet is a snapshot of the
financial position of Imagicaaworld Entertainment at a specified time, usually calculated after every quarter, six months, or one year. Imagicaaworld Entertainment Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Imagicaaworld Entertainment 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 Imagicaaworld currently owns. An asset can also be divided into two categories, current and non-current.