Electro Research Development vs Income Before Tax Analysis

ELSE Stock

USD 4.15 0.13 3.23%

Electro Sensors financial indicator trend analysis is much more than just examining Electro Sensors latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Electro Sensors is a good investment. Please check the relationship between Electro Sensors Research Development and its Income Before Tax accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electro Sensors. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

For information on how to trade Electro Stock refer to our How to Trade Electro Stock guide.

Research Development vs Income Before Tax

Research Development vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Electro Sensors Research Development account and Income Before Tax. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Electro Sensors' Research Development and Income Before Tax is -0.5. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Electro Sensors, assuming nothing else is changed. The correlation between historical values of Electro Sensors' Research Development 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 Research Development of Electro Sensors 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 Research Development i.e., Electro Sensors' Research Development and Income Before Tax go up and down completely randomly.

Correlation Coefficient

-0.5

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Research Development

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Electro Sensors income statement and is an important metric when analyzing Electro Sensors 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 Electro Sensors' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Electro Sensors 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electro Sensors. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

For information on how to trade Electro Stock refer to our How to Trade Electro Stock guide.At present, Electro Sensors' Enterprise Value Over EBITDA is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 50.22, whereas Selling General Administrative is forecasted to decline to about 1.5 M.

	2021	2022	2023	2024 (projected)
Gross Profit	4.7M	4.8M	4.2M	3.8M
Total Revenue	8.6M	9.0M	8.6M	6.7M

Gross Profit Total Revenue

Electro Sensors fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock	Short Term Investments
Total Assets		0.0	0.08	0.26	0.97	0.84	-0.21	0.84	0.21	0.59	-0.21	0.96	0.28	0.94	0.05	0.81	-0.18	0.93	0.15	0.97	-0.05	0.37	0.0	0.95	0.95	0.08
Short Long Term Debt Total	0.0		-0.28	-0.17	-0.19	0.41	0.39	-0.45	-0.37	0.04	-0.22	0.16	-0.7	0.25	0.97	-0.42	-0.68	-0.3	0.88	-0.01	0.96	-0.61	-0.39	0.03	0.01	0.43
Other Current Liab	0.08	-0.28		0.72	0.02	0.1	-0.21	0.01	0.25	0.25	0.03	-0.03	-0.03	0.01	-0.22	-0.01	-0.07	0.19	0.1	0.02	-0.26	-0.06	0.31	0.06	0.07	-0.18
Total Current Liabilities	0.26	-0.17	0.72		0.16	0.2	-0.19	0.18	0.26	0.61	0.05	0.08	-0.06	0.28	-0.15	0.07	0.22	0.37	0.29	0.13	-0.07	0.16	0.38	0.24	0.25	-0.17
Total Stockholder Equity	0.97	-0.19	0.02	0.16		0.72	-0.25	0.94	0.24	0.51	-0.15	0.92	0.44	0.85	-0.14	0.9	-0.05	0.95	-0.09	0.96	-0.23	0.49	0.02	0.92	0.91	0.02
Property Plant And Equipment Net	0.84	0.41	0.1	0.2	0.72		-0.03	0.44	0.04	0.56	-0.27	0.86	-0.22	0.91	0.44	0.42	-0.59	0.69	0.51	0.8	0.34	-0.08	-0.21	0.82	0.81	0.24
Net Debt	-0.21	0.39	-0.21	-0.19	-0.25	-0.03		-0.23	-1.0	0.23	0.5	-0.19	-0.64	-0.11	0.34	-0.29	-0.31	-0.38	0.27	-0.3	0.43	-0.46	-0.74	-0.32	-0.34	0.95
Retained Earnings	0.84	-0.45	0.01	0.18	0.94	0.44	-0.23		0.22	0.49	0.01	0.74	0.61	0.66	-0.41	0.95	0.23	0.88	-0.35	0.82	-0.45	0.63	0.06	0.76	0.76	-0.03
Cash	0.21	-0.37	0.25	0.26	0.24	0.04	-1.0	0.22		-0.18	-0.49	0.18	0.6	0.13	-0.32	0.26	0.32	0.39	-0.23	0.29	-0.41	0.44	0.75	0.32	0.34	-0.95
Non Current Assets Total	0.59	0.04	0.25	0.61	0.51	0.56	0.23	0.49	-0.18		0.27	0.39	-0.2	0.64	0.02	0.36	-0.06	0.57	0.31	0.39	0.1	-0.01	-0.33	0.52	0.51	0.31
Non Currrent Assets Other	-0.21	-0.22	0.03	0.05	-0.15	-0.27	0.5	0.01	-0.49	0.27		-0.33	-0.14	-0.23	-0.28	-0.05	0.19	-0.14	-0.23	-0.31	-0.14	-0.16	-0.27	-0.24	-0.25	0.38
Cash And Short Term Investments	0.96	0.16	-0.03	0.08	0.92	0.86	-0.19	0.74	0.18	0.39	-0.33		0.23	0.92	0.21	0.73	-0.33	0.83	0.22	0.98	0.07	0.31	0.0	0.93	0.92	0.12
Net Receivables	0.28	-0.7	-0.03	-0.06	0.44	-0.22	-0.64	0.61	0.6	-0.2	-0.14	0.23		0.06	-0.66	0.61	0.59	0.46	-0.71	0.37	-0.74	0.73	0.51	0.3	0.32	-0.58
Common Stock Shares Outstanding	0.94	0.25	0.01	0.28	0.85	0.91	-0.11	0.66	0.13	0.64	-0.23	0.92	0.06		0.28	0.57	-0.28	0.83	0.38	0.89	0.17	0.18	-0.09	0.9	0.89	0.16
Non Current Liabilities Total	0.05	0.97	-0.22	-0.15	-0.14	0.44	0.34	-0.41	-0.32	0.02	-0.28	0.21	-0.66	0.28		-0.36	-0.68	-0.26	0.89	0.05	0.9	-0.53	-0.33	0.06	0.05	0.4
Inventory	0.81	-0.42	-0.01	0.07	0.9	0.42	-0.29	0.95	0.26	0.36	-0.05	0.73	0.61	0.57	-0.36		0.13	0.81	-0.35	0.82	-0.42	0.62	0.06	0.73	0.72	-0.09
Other Current Assets	-0.18	-0.68	-0.07	0.22	-0.05	-0.59	-0.31	0.23	0.32	-0.06	0.19	-0.33	0.59	-0.28	-0.68	0.13		0.07	-0.61	-0.19	-0.58	0.57	0.52	-0.23	-0.22	-0.44
Other Stockholder Equity	0.93	-0.3	0.19	0.37	0.95	0.69	-0.38	0.88	0.39	0.57	-0.14	0.83	0.46	0.83	-0.26	0.81	0.07		-0.11	0.9	-0.34	0.48	0.17	0.91	0.91	-0.13
Total Liab	0.15	0.88	0.1	0.29	-0.09	0.51	0.27	-0.35	-0.23	0.31	-0.23	0.22	-0.71	0.38	0.89	-0.35	-0.61	-0.11		0.08	0.85	-0.47	-0.2	0.16	0.15	0.34
Total Current Assets	0.97	-0.01	0.02	0.13	0.96	0.8	-0.3	0.82	0.29	0.39	-0.31	0.98	0.37	0.89	0.05	0.82	-0.19	0.9	0.08		-0.08	0.43	0.09	0.94	0.94	0.0
Short Term Debt	-0.05	0.96	-0.26	-0.07	-0.23	0.34	0.43	-0.45	-0.41	0.1	-0.14	0.07	-0.74	0.17	0.9	-0.42	-0.58	-0.34	0.85	-0.08		-0.61	-0.39	-0.03	-0.05	0.44
Accounts Payable	0.37	-0.61	-0.06	0.16	0.49	-0.08	-0.46	0.63	0.44	-0.01	-0.16	0.31	0.73	0.18	-0.53	0.62	0.57	0.48	-0.47	0.43	-0.61		0.6	0.34	0.35	-0.37
Property Plant And Equipment Gross	0.0	-0.39	0.31	0.38	0.02	-0.21	-0.74	0.06	0.75	-0.33	-0.27	0.0	0.51	-0.09	-0.33	0.06	0.52	0.17	-0.2	0.09	-0.39	0.6		0.06	0.09	-0.71
Common Stock Total Equity	0.95	0.03	0.06	0.24	0.92	0.82	-0.32	0.76	0.32	0.52	-0.24	0.93	0.3	0.9	0.06	0.73	-0.23	0.91	0.16	0.94	-0.03	0.34	0.06		1.0	-0.04
Common Stock	0.95	0.01	0.07	0.25	0.91	0.81	-0.34	0.76	0.34	0.51	-0.25	0.92	0.32	0.89	0.05	0.72	-0.22	0.91	0.15	0.94	-0.05	0.35	0.09	1.0		-0.06
Short Term Investments	0.08	0.43	-0.18	-0.17	0.02	0.24	0.95	-0.03	-0.95	0.31	0.38	0.12	-0.58	0.16	0.4	-0.09	-0.44	-0.13	0.34	0.0	0.44	-0.37	-0.71	-0.04	-0.06

Click cells to compare fundamentals

Electro Sensors Account Relationship Matchups

Electro Sensors fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.5M	13.3M	13.9M	14.0M	14.5M	13.1M
Short Long Term Debt Total	24K	18K	12K	6K	5.4K	5.1K
Other Current Liab	431K	330K	342K	398K	399K	667.5K
Total Current Liabilities	565K	533K	697K	630K	690K	1.3M
Total Stockholder Equity	12.9M	12.8M	13.2M	13.4M	13.8M	11.3M
Property Plant And Equipment Net	1.1M	989K	1.0M	975K	951K	1.2M
Net Debt	(8.8M)	(1.1M)	(6.7M)	(7.6M)	(9.9M)	(9.4M)
Retained Earnings	10.5M	10.4M	10.8M	10.9M	11.2M	8.0M
Cash	8.8M	1.1M	6.7M	7.6M	9.9M	10.4M
Non Current Assets Total	1.8M	1.5M	1.3M	1.2M	1.3M	2.1M
Non Currrent Assets Other	1.8M	(1.6M)	(1.2M)	(1.1M)	(949.5K)	(902.0K)
Cash And Short Term Investments	8.8M	9.1M	9.8M	9.7M	9.9M	8.2M
Net Receivables	1.0M	983K	1.0M	1.2M	1.3M	815.1K
Liabilities And Stockholders Equity	13.5M	13.3M	13.9M	14.0M	14.5M	13.1M
Non Current Liabilities Total	19K	12K	6K	280K	27K	25.7K
Inventory	1.7M	1.6M	1.7M	1.7M	1.8M	1.2M
Other Stockholder Equity	2.0M	2.0M	2.0M	2.2M	2.2M	2.3M
Total Liab	584K	545K	703K	630K	717K	1.3M
Total Current Assets	11.7M	11.9M	12.6M	12.8M	13.1M	11.0M
Accounts Payable	129K	197K	349K	274K	291K	156.2K
Property Plant And Equipment Gross	1.1M	1.1M	989K	2.6M	2.7M	2.8M
Accumulated Other Comprehensive Income	12K	32K	(1.6M)	1K	900.0	855.0
Short Term Investments	45K	8.0M	3.1M	2.0M	56K	53.2K
Property Plant Equipment	1.1M	989K	1.0M	975K	877.5K	990.5K
Other Assets	203K	246K	208K	256K	294.4K	309.1K
Net Tangible Assets	12.4M	12.5M	13.2M	13.4M	15.4M	12.9M
Retained Earnings Total Equity	10.4M	10.3M	10.5M	10.4M	12.0M	10.1M
Capital Surpluse	2.0M	2.0M	2.0M	2.0M	2.3M	2.0M
Intangible Assets	565K	489K	228K	38K	43.7K	41.5K

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Electro Sensors in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Electro Sensors' short interest history, or implied volatility extrapolated from Electro Sensors options trading.

Pair Trading with Electro Sensors

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Electro Sensors position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Electro Sensors will appreciate offsetting losses from the drop in the long position's value.

Moving against Electro Stock

0.5

KNW

Know Labs Financial Report 20th of May 2024

Pair Corr

The ability to find closely correlated positions to Electro Sensors could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electro Sensors when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Electro Sensors - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Electro Sensors to buy it.

The correlation of Electro Sensors is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Electro Sensors moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electro Sensors moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Electro Sensors can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Electro Sensors is a strong investment it is important to analyze Electro Sensors' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Electro Sensors' future performance. For an informed investment choice regarding Electro Stock, refer to the following important reports:

How To Invest In Electro

Details

Is Electro Stock a good investment?

Details

What is Electro Sensors' Net Worth?

Details

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electro Sensors. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

For information on how to trade Electro Stock refer to our How to Trade Electro Stock guide.

You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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

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Is Electro Sensors' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Electro Sensors. If investors know Electro will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Electro Sensors listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.26)

Earnings Share

0.08

Revenue Per Share

2.496

Quarterly Revenue Growth

0.096

Return On Assets

0.0006

The market value of Electro Sensors is measured differently than its book value, which is the value of Electro that is recorded on the company's balance sheet. Investors also form their own opinion of Electro Sensors' value that differs from its market value or its book value, called intrinsic value, which is Electro Sensors' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Electro Sensors' market value can be influenced by many factors that don't directly affect Electro Sensors' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Electro Sensors' value and its price as these two are different measures arrived at by different means. Investors typically determine if Electro Sensors is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electro Sensors' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Electro Research Development vs Income Before Tax Analysis

Research Development vs Income Before Tax

Research Development vs Income Before Tax Correlation Analysis

Correlation Coefficient

Research Development

Income Before Tax

Electro Sensors fundamental ratios Correlations

Electro Sensors Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Electro Sensors fundamental ratios Accounts

Pair Trading with Electro Sensors

Moving against Electro Stock

Complementary Tools for Electro Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Total Equity
Total Current Assets	+ 0.98	Cash And Short Term Investments
Total Stockholder Equity	+ 0.97	Total Assets
Total Current Assets	+ 0.97	Total Assets
Non Current Liabilities Total	+ 0.97	Short Long Term Debt Total
Cash And Short Term Investments	+ 0.96	Total Assets

Cash	- 1.0	Net Debt
Short Term Investments	- 0.95	Cash
Short Term Debt	- 0.74	Net Receivables
Property Plant And Equipment Gross	- 0.74	Net Debt
Short Term Investments	- 0.71	Property Plant And Equipment Gross
Total Liab	- 0.71	Net Receivables