CarPartsCom Gross Profit vs Income Before Tax Analysis

PRTS Stock  USD 0.98  0.01  1.03%   
CarPartsCom financial indicator trend analysis is way more than just evaluating CarPartsCom prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CarPartsCom is a good investment. Please check the relationship between CarPartsCom Gross Profit and its Income Before Tax accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in CarPartsCom. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy CarPartsCom Stock please use our How to Invest in CarPartsCom guide.

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 CarPartsCom Gross Profit account and Income Before Tax. At this time, the significance of the direction appears to have no relationship.
The correlation between CarPartsCom's Gross Profit and Income Before Tax is 0.05. 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 CarPartsCom, assuming nothing else is changed. The correlation between historical values of CarPartsCom'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 CarPartsCom 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., CarPartsCom's Gross Profit and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.05
Relationship DirectionPositive 
Relationship StrengthInsignificant

Gross Profit

Gross profit is a required income statement account that reflects total revenue of CarPartsCom minus its cost of goods sold. It is profit before CarPartsCom 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 CarPartsCom income statement and is an important metric when analyzing CarPartsCom 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 CarPartsCom's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CarPartsCom 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in CarPartsCom. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy CarPartsCom Stock please use our How to Invest in CarPartsCom guide.At this time, CarPartsCom's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 955.5 K in 2024, whereas Discontinued Operations is likely to drop (675 K) in 2024.
 2021 2022 2023 2024 (projected)
Total Revenue582.4M661.6M675.7M709.5M
Interest Expense1.1M1.4M1.4M1.8M

CarPartsCom fundamental ratios Correlations

0.98-0.160.860.820.03-0.050.860.770.920.770.990.990.810.930.970.97-0.37-0.660.95-0.360.580.82-0.270.980.77
0.98-0.210.860.840.0-0.010.860.730.90.710.940.970.770.920.920.95-0.38-0.550.91-0.380.590.78-0.190.950.73
-0.16-0.21-0.60.12-0.03-0.1-0.60.160.040.17-0.11-0.20.29-0.29-0.19-0.020.21-0.11-0.230.14-0.010.04-0.09-0.030.09
0.860.86-0.60.520.13-0.141.00.510.730.520.830.890.560.850.840.79-0.38-0.480.83-0.360.440.62-0.220.790.57
0.820.840.120.52-0.340.070.520.770.750.760.790.750.770.710.760.82-0.13-0.470.75-0.20.740.780.020.770.76
0.030.0-0.030.13-0.340.120.120.180.150.130.060.140.110.20.020.04-0.6-0.280.05-0.49-0.410.2-0.820.170.11
-0.05-0.01-0.1-0.140.070.12-0.150.08-0.130.01-0.09-0.09-0.30.1-0.08-0.22-0.29-0.030.01-0.01-0.260.03-0.26-0.06-0.09
0.860.86-0.61.00.520.12-0.150.510.730.520.830.890.550.850.850.79-0.37-0.480.83-0.350.450.61-0.210.790.56
0.770.730.160.510.770.180.080.510.790.980.80.770.840.740.740.75-0.35-0.820.75-0.170.490.98-0.540.820.82
0.920.90.040.730.750.15-0.130.730.790.790.910.930.890.890.830.92-0.52-0.650.85-0.350.40.84-0.340.960.8
0.770.710.170.520.760.130.010.520.980.790.80.770.850.720.740.75-0.26-0.860.73-0.150.580.97-0.530.80.88
0.990.94-0.110.830.790.06-0.090.830.80.910.80.980.810.920.990.96-0.34-0.740.97-0.340.560.83-0.340.980.78
0.990.97-0.20.890.750.14-0.090.890.770.930.770.980.810.940.960.96-0.42-0.680.95-0.390.520.82-0.360.980.76
0.810.770.290.560.770.11-0.30.550.840.890.850.810.810.690.740.87-0.26-0.630.69-0.30.570.86-0.310.860.82
0.930.92-0.290.850.710.20.10.850.740.890.720.920.940.690.890.87-0.62-0.630.93-0.520.40.81-0.40.920.79
0.970.92-0.190.840.760.02-0.080.850.740.830.740.990.960.740.890.93-0.27-0.710.98-0.350.590.77-0.30.940.73
0.970.95-0.020.790.820.04-0.220.790.750.920.750.960.960.870.870.93-0.32-0.610.9-0.430.630.79-0.230.960.79
-0.37-0.380.21-0.38-0.13-0.6-0.29-0.37-0.35-0.52-0.26-0.34-0.42-0.26-0.62-0.27-0.320.2-0.40.610.34-0.430.47-0.45-0.35
-0.66-0.55-0.11-0.48-0.47-0.28-0.03-0.48-0.82-0.65-0.86-0.74-0.68-0.63-0.63-0.71-0.610.2-0.70.04-0.38-0.780.73-0.7-0.71
0.950.91-0.230.830.750.050.010.830.750.850.730.970.950.690.930.980.9-0.4-0.7-0.360.470.78-0.330.940.71
-0.36-0.380.14-0.36-0.2-0.49-0.01-0.35-0.17-0.35-0.15-0.34-0.39-0.3-0.52-0.35-0.430.610.04-0.36-0.1-0.310.26-0.39-0.43
0.580.59-0.010.440.74-0.41-0.260.450.490.40.580.560.520.570.40.590.630.34-0.380.47-0.10.520.130.470.63
0.820.780.040.620.780.20.030.610.980.840.970.830.820.860.810.770.79-0.43-0.780.78-0.310.52-0.50.850.88
-0.27-0.19-0.09-0.220.02-0.82-0.26-0.21-0.54-0.34-0.53-0.34-0.36-0.31-0.4-0.3-0.230.470.73-0.330.260.13-0.5-0.4-0.41
0.980.95-0.030.790.770.17-0.060.790.820.960.80.980.980.860.920.940.96-0.45-0.70.94-0.390.470.85-0.40.77
0.770.730.090.570.760.11-0.090.560.820.80.880.780.760.820.790.730.79-0.35-0.710.71-0.430.630.88-0.410.77
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CarPartsCom Account Relationship Matchups

CarPartsCom fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets87.9M187.0M235.3M238.4M257.9M270.7M
Total Stockholder Equity12.4M83.5M95.6M110.1M112.8M118.5M
Net Debt13.6M(4.2M)28.2M27.9M(12.8M)(12.2M)
Cash2.3M35.8M18.1M18.8M51.0M53.5M
Non Current Assets Total25.6M47.6M66.7M70.5M64.5M40.5M
Non Currrent Assets Other2.4M2.9M2.2M2.5M3.3M3.5M
Other Assets2.4M2.9M2.2M2.5M2.9M5.2M
Cash And Short Term Investments2.3M35.8M18.1M18.8M51.0M53.5M
Common Stock Shares Outstanding35.7M42.3M51.4M54.1M56.6M34.0M
Liabilities And Stockholders Equity87.9M187.0M235.3M238.4M257.9M270.7M
Non Current Liabilities Total15.6M31.5M43.0M40.3M32.0M33.6M
Other Stockholder Equity180.0M253.1M275.0M289.6M301.0M166.6M
Total Liab75.6M103.5M139.8M128.3M145.0M152.3M
Total Current Assets62.4M139.4M168.6M167.9M193.3M203.0M
Short Long Term Debt Total15.8M31.6M46.4M46.7M38.1M21.2M
Other Current Liab12.1M21.8M22.1M20.1M25.0M26.2M
Total Current Liabilities59.9M72.0M96.8M88.0M113.0M118.6M
Property Plant And Equipment Net23.2M44.7M64.5M68.0M61.2M64.2M
Current Deferred Revenue652K630K826K250K1.1M1.1M
Retained Earnings(167.9M)(169.5M)(179.8M)(180.8M)(189.0M)(179.5M)
Accounts Payable44.4M45.3M67.4M57.6M77.9M81.7M
Net Receivables2.7M6.3M5.0M6.4M7.4M4.7M
Inventory52.5M89.3M138.9M136.0M128.9M135.3M
Other Current Assets4.9M7.9M6.6M6.7M6.1M4.0M
Property Plant And Equipment Gross23.2M44.7M64.5M68.0M84.9M89.2M
Accumulated Other Comprehensive Income214K(215K)274K1.1M783K822.2K
Short Term Debt2.7M4.1M7.2M9.3M9.1M6.4M
Property Plant Equipment9.7M44.7M64.5M24.3M27.9M21.8M
Other Liab2.5M4.0M3.7M3.0M3.4M2.5M
Net Tangible Assets12.4M83.5M95.6M110.1M126.6M132.9M
Retained Earnings Total Equity(167.9M)(169.5M)(179.8M)(180.8M)(162.7M)(170.8M)
Capital Surpluse187.1M260.3M282.7M297.3M341.9M223.9M

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Additional Tools for CarPartsCom Stock Analysis

When running CarPartsCom's price analysis, check to measure CarPartsCom's 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 CarPartsCom is operating at the current time. Most of CarPartsCom's value examination focuses on studying past and present price action to predict the probability of CarPartsCom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CarPartsCom's price. Additionally, you may evaluate how the addition of CarPartsCom to your portfolios can decrease your overall portfolio volatility.