CVS Health Invested Capital Average vs Earnings before Tax Analysis

Invested Capital Average vs Earnings before Tax

Accounts Relationship

Invested Capital Average vs Earnings before Tax

Significance: Almost Identical Trend

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

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Earnings before Tax

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

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