Vulcan Other Operating Expenses vs Income Before Tax Analysis

VSL Stock   7.03  0.38  5.71%   
Vulcan Steel financial indicator trend analysis is much more than just breaking down Vulcan Steel prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vulcan Steel is a good investment. Please check the relationship between Vulcan Steel Other Operating Expenses and its Income Before Tax accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vulcan Steel. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Other Operating Expenses vs Income Before Tax

Other Operating Expenses vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vulcan Steel Other Operating Expenses account and Income Before Tax. At this time, the significance of the direction appears to have strong relationship.
Other Operating ExpensesIncome Before TaxDiversified AwayOther Operating ExpensesIncome Before TaxDiversified Away100%
The correlation between Vulcan Steel's Other Operating Expenses and Income Before Tax is 0.6. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Vulcan Steel, assuming nothing else is changed. The correlation between historical values of Vulcan Steel's Other Operating Expenses 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 Other Operating Expenses of Vulcan Steel 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 Other Operating Expenses i.e., Vulcan Steel's Other Operating Expenses and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.6
Relationship DirectionPositive 
Relationship StrengthSignificant

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Vulcan Steel. It is also known as Vulcan Steel overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Vulcan Steel income statement and is an important metric when analyzing Vulcan Steel 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 Vulcan Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vulcan Steel 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 Vulcan Steel. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Tax Provision is likely to gain to about 27 M in 2024, whereas Selling General Administrative is likely to drop slightly above 104.1 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Income3.6K35.6M263K249.9K
Tax Provision51.7M37M18.9M27.0M

Vulcan Steel fundamental ratios Correlations

1.00.560.650.830.940.97-0.91.00.80.870.950.970.260.540.970.950.960.830.550.931.00.970.320.141.0
1.00.540.630.80.930.98-0.911.00.780.870.960.980.240.540.950.960.940.840.550.931.00.950.350.131.0
0.560.540.410.710.580.46-0.760.510.710.510.640.44-0.250.520.560.640.620.610.190.520.510.64-0.090.680.52
0.650.630.410.440.710.54-0.550.620.380.830.570.54-0.110.240.580.570.810.40.270.610.610.680.610.140.66
0.830.80.710.440.80.72-0.750.791.00.530.830.720.370.570.910.830.830.610.510.80.790.91-0.220.410.78
0.940.930.580.710.80.89-0.850.920.750.830.950.890.020.350.90.950.920.720.680.90.920.920.330.270.93
0.970.980.460.540.720.89-0.90.980.690.860.941.00.230.50.90.940.870.870.570.920.990.880.40.060.98
-0.9-0.91-0.76-0.55-0.75-0.85-0.9-0.9-0.74-0.85-0.9-0.890.03-0.48-0.83-0.9-0.86-0.95-0.52-0.89-0.9-0.86-0.32-0.25-0.9
1.01.00.510.620.790.920.98-0.90.770.870.940.980.260.520.960.940.930.850.560.931.00.950.360.071.0
0.80.780.710.381.00.750.69-0.740.770.480.80.690.40.580.90.80.790.610.480.780.760.89-0.280.390.76
0.870.870.510.830.530.830.86-0.850.870.480.810.86-0.070.430.740.810.880.790.370.80.870.80.70.10.89
0.950.960.640.570.830.950.94-0.90.940.80.810.940.120.530.91.00.880.790.590.910.950.910.240.370.95
0.970.980.440.540.720.891.0-0.890.980.690.860.940.250.490.90.940.870.860.570.920.990.880.40.050.98
0.260.24-0.25-0.110.370.020.230.030.260.4-0.070.120.250.430.380.120.20.01-0.030.210.260.29-0.33-0.290.24
0.540.540.520.240.570.350.5-0.480.520.580.430.530.490.430.550.530.520.38-0.320.310.530.57-0.070.430.52
0.970.950.560.580.910.90.9-0.830.960.90.740.90.90.380.550.90.940.750.550.890.950.990.120.130.95
0.950.960.640.570.830.950.94-0.90.940.80.811.00.940.120.530.90.880.790.590.910.950.910.240.370.95
0.960.940.620.810.830.920.87-0.860.930.790.880.880.870.20.520.940.880.740.470.880.930.980.350.170.95
0.830.840.610.40.610.720.87-0.950.850.610.790.790.860.010.380.750.790.740.510.840.850.750.370.00.84
0.550.550.190.270.510.680.57-0.520.560.480.370.590.57-0.03-0.320.550.590.470.510.750.550.510.09-0.060.55
0.930.930.520.610.80.90.92-0.890.930.780.80.910.920.210.310.890.910.880.840.750.930.890.270.10.93
1.01.00.510.610.790.920.99-0.91.00.760.870.950.990.260.530.950.950.930.850.550.930.940.360.091.0
0.970.950.640.680.910.920.88-0.860.950.890.80.910.880.290.570.990.910.980.750.510.890.940.180.210.95
0.320.35-0.090.61-0.220.330.4-0.320.36-0.280.70.240.4-0.33-0.070.120.240.350.370.090.270.360.18-0.330.39
0.140.130.680.140.410.270.06-0.250.070.390.10.370.05-0.290.430.130.370.170.0-0.060.10.090.21-0.330.1
1.01.00.520.660.780.930.98-0.91.00.760.890.950.980.240.520.950.950.950.840.550.931.00.950.390.1
Click cells to compare fundamentals

Vulcan Steel Account Relationship Matchups

Vulcan Steel fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets556.3M580.8M717.3M1.0B906.4M705.6M
Short Long Term Debt Total294.9M323.8M411.9M649.7M590.2M389.0M
Other Current Liab18.6M11.9M42.2M24.1M20.7M25.5M
Total Current Liabilities126.4M184.2M190.2M191.2M169.4M183.2M
Total Stockholder Equity135.0M85.9M167.1M185.9M172.1M156.5M
Net Tangible Assets120.8M140.8M172.5M170.9M196.5M154.1M
Property Plant And Equipment Net237.7M230.2M213.6M347.2M350.4M235.4M
Net Debt280.7M313.6M351.0M629.4M566.1M366.5M
Retained Earnings120.6M69.2M141.8M163.6M147.8M135.7M
Accounts Payable95.2M147.0M135.4M142.8M123.5M128.7M
Cash14.2M10.2M21.7M20.3M24.1M15.6M
Non Current Assets Total257.2M250.7M230.7M370.9M373.1M257.8M
Non Currrent Assets Other5.4M1.430.98.6M2.9M3.3M
Long Term Debt124.3M80M190.3M360M299.9M191.5M
Cash And Short Term Investments14.2M10.2M21.7M20.3M24.1M15.6M
Net Receivables95.7M119.2M141.6M169.3M143.4M136.9M
Good Will11.6M11.6M10.6M12.0M12.0M12.2M
Long Term Debt Total294.9M261.6M399.2M627.1M721.1M757.2M
Liabilities And Stockholders Equity556.3M580.8M717.3M1.0B906.4M705.6M
Non Current Liabilities Total294.9M310.7M360.1M627.1M565.0M364.2M
Inventory189.2M191.0M318.6M437.7M360.6M290.9M
Other Current Assets40K22.5M4.7M5.9M5.2M6.4M
Other Stockholder Equity2.6M(5.7M)16.0M(2.2M)2.01.9
Total Liab421.3M494.9M550.2M818.3M734.4M547.3M
Total Current Assets299.1M330.1M486.6M633.3M533.3M447.8M
Accumulated Other Comprehensive Income2.6M4.7M14.5M10.3M12.3M8.0M
Cash And Equivalents14.2M10.2M24.0M20.3M23.4M14.3M
Short Term Debt12.7M12.2M12.6M22.7M25.2M19.8M
Intangible Assets2.5M13.3M920.8K3.0M1.4M1.3M
Common Stock11.9M12.0M10.8M12.0M13.8M12.7M
Property Plant Equipment237.7M230.8M236.9M347.2M399.3M215.6M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Vulcan Stock Analysis

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