Apple Earnings before Tax vs Invested Capital Average Analysis

AAPL -- USA Stock  

USD 223.84  4.73  2.16%

Apple financial indicator trend analysis is way more than just evaluating Apple prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Apple is a good investment. Please check the relationship between Apple Earnings before Tax and its Invested Capital Average accounts. Check also Trending Equities.

Earnings before Tax vs Invested Capital Average

Accounts Relationship

Earnings before Tax vs Invested Capital Average

Significance: Almost Identical Trend

Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Apple Earnings before Tax account and Invested Capital Average

Correlation Coefficient

0.9
Relationship DirectionPositive 
Relationship StrengthVery Strong

Earnings before Tax

Earnings Before Tax is calculated by adding Income Tax Expense back to Net Income.

Invested Capital Average

Average invested capital value for the period used in the calculation of Return on Invested Capital; and derived from Invested Capital. Invested capital is an input into the calculation of Return on Invested Capital; and is calculated as: Total Debt plus Total Assets minus Goodwill and Intangible Assets minus Cash and Equivalents minus Current Liabilities. Please note this calculation method is subject to change.

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