Atlas Net Income From Continuing Ops vs Income Before Tax Analysis

SALT Stock   0.60  0.03  4.76%   
Atlas Salt financial indicator trend analysis is way more than just evaluating Atlas Salt prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Atlas Salt is a good investment. Please check the relationship between Atlas Salt Net Income From Continuing Ops and its Income Before Tax accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Atlas Salt. 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.

Net Income From Continuing Ops vs Income Before Tax

Net Income From Continuing Ops vs Income Before Tax Correlation Analysis

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

Correlation Coefficient

1.0
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Income From Continuing Ops

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Atlas Salt income statement and is an important metric when analyzing Atlas Salt 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 Atlas Salt's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Atlas Salt 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Atlas Salt. 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.
At this time, Atlas Salt's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 59.1 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 5 M in 2024.
 2021 2022 2023 2024 (projected)
Total Operating Expenses2.2M4.0M5.2M5.4M
Cost Of Revenue1.4K3.4K12.9K13.6K

Atlas Salt fundamental ratios Correlations

-0.220.641.00.97-0.990.960.990.960.70.910.970.721.00.980.980.970.790.731.00.950.83
-0.220.08-0.22-0.180.27-0.24-0.21-0.22-0.12-0.16-0.19-0.09-0.22-0.21-0.21-0.190.03-0.65-0.23-0.24-0.23
0.640.080.630.67-0.590.730.640.580.920.760.650.980.630.660.630.660.70.490.640.510.24
1.0-0.220.630.97-0.990.960.980.960.690.910.960.71.00.980.980.970.780.731.00.950.84
0.97-0.180.670.97-0.930.881.00.860.790.940.990.750.971.01.01.00.870.770.960.850.71
-0.990.27-0.59-0.99-0.93-0.97-0.95-0.98-0.63-0.88-0.92-0.67-0.99-0.95-0.95-0.93-0.74-0.72-0.99-0.98-0.89
0.96-0.240.730.960.88-0.970.910.980.70.860.880.770.960.910.90.890.70.670.970.960.81
0.99-0.210.640.981.0-0.950.910.890.760.940.990.730.981.01.01.00.840.770.980.890.76
0.96-0.220.580.960.86-0.980.980.890.550.80.860.630.960.890.890.860.630.60.961.00.9
0.7-0.120.920.690.79-0.630.70.760.550.850.760.960.690.770.750.790.80.710.690.490.25
0.91-0.160.760.910.94-0.880.860.940.80.850.930.830.910.940.930.940.960.820.90.780.68
0.97-0.190.650.960.99-0.920.880.990.860.760.930.730.960.990.990.990.860.770.960.850.71
0.72-0.090.980.70.75-0.670.770.730.630.960.830.730.70.740.710.750.760.660.710.560.31
1.0-0.220.631.00.97-0.990.960.980.960.690.910.960.70.980.980.970.780.731.00.950.84
0.98-0.210.660.981.0-0.950.911.00.890.770.940.990.740.981.01.00.850.780.980.880.75
0.98-0.210.630.981.0-0.950.91.00.890.750.930.990.710.981.01.00.840.770.980.880.76
0.97-0.190.660.971.0-0.930.891.00.860.790.940.990.750.971.01.00.860.780.960.850.71
0.790.030.70.780.87-0.740.70.840.630.80.960.860.760.780.850.840.860.730.770.610.56
0.73-0.650.490.730.77-0.720.670.770.60.710.820.770.660.730.780.770.780.730.730.60.53
1.0-0.230.641.00.96-0.990.970.980.960.690.90.960.711.00.980.980.960.770.730.960.84
0.95-0.240.510.950.85-0.980.960.891.00.490.780.850.560.950.880.880.850.610.60.960.93
0.83-0.230.240.840.71-0.890.810.760.90.250.680.710.310.840.750.760.710.560.530.840.93
Click cells to compare fundamentals

Atlas Salt Account Relationship Matchups

Atlas Salt fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.2M2.1M11.3M16.0M22.4M23.5M
Other Current Liab216.9K73.7K65.6K166.2K149.6K112.3K
Total Current Liabilities124.4K129.4K283.3K1.1M461.0K399.5K
Total Stockholder Equity1.9M1.8M10.8M14.8M21.8M22.9M
Net Tangible Assets1.8M1.9M1.8M14.8M17.0M17.9M
Retained Earnings(1.4M)(1.6M)(3.7M)(6.7M)(11.5M)(10.9M)
Accounts Payable50.8K63.8K111.3K1.1M1.3M1.3M
Cash266.8K280.4K8.8M9.3M12.2M12.8M
Non Current Assets Total1.9M1.7M2.2M6.3M10.0M10.5M
Net Receivables6.4K88.0K236.8K479.3K175.2K158.5K
Total Liab253.9K258.8K424.0K1.2M597.9K512.2K
Net Invested Capital1.9M1.8M10.8M14.8M21.8M22.9M
Total Current Assets277.8K375.1K9.1M9.8M12.4M13.0M
Net Working Capital24.0K116.2K8.8M8.7M12.0M12.5M
Property Plant Equipment2.1M1.9M1.7M4.6M5.3M2.7M

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Additional Tools for Atlas Stock Analysis

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