Eastern Gross Profit vs Income Before Tax Analysis
EML Stock | USD 27.08 0.77 2.76% |
Eastern financial indicator trend analysis is much more than just examining Eastern latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eastern is a good investment. Please check the relationship between Eastern Gross Profit and its Income Before Tax accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastern Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
Gross Profit vs Income Before Tax
Gross Profit vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eastern Gross Profit account and Income Before Tax. At this time, the significance of the direction appears to have strong relationship.
The correlation between Eastern's Gross Profit and Income Before Tax is 0.64. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Eastern Co, assuming nothing else is changed. The correlation between historical values of Eastern's Gross Profit 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 Gross Profit of Eastern Co 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 Gross Profit i.e., Eastern's Gross Profit and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.64 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Eastern Co minus its cost of goods sold. It is profit before Eastern operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Eastern income statement and is an important metric when analyzing Eastern 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 Eastern's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eastern 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 Eastern Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. At this time, Eastern's Tax Provision is quite stable compared to the past year. Discontinued Operations is expected to rise to about 1.5 M this year, although the value of Sales General And Administrative To Revenue will most likely fall to 0.03.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.7M | 2.3M | 3.5M | 3.7M | Depreciation And Amortization | 10.6M | 10.4M | 7.5M | 4.5M |
Eastern fundamental ratios Correlations
Click cells to compare fundamentals
Eastern Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eastern fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 280.7M | 275.5M | 266.3M | 261.5M | 252.0M | 264.6M | |
Short Long Term Debt Total | 111.1M | 101.5M | 82.6M | 76.4M | 62.1M | 65.2M | |
Other Current Liab | 6.8M | 7.8M | 581.0K | 7.3M | 9.9M | 5.0M | |
Total Current Liabilities | 31.9M | 40.7M | 49.6M | 47.0M | 42.7M | 44.9M | |
Total Stockholder Equity | 105.4M | 104.3M | 114.6M | 126.6M | 132.5M | 139.1M | |
Property Plant And Equipment Net | 54.4M | 52.7M | 39.4M | 38.3M | 45.5M | 26.2M | |
Net Debt | 93.1M | 85.4M | 76.4M | 66.2M | 53.8M | 56.5M | |
Retained Earnings | 120.2M | 122.8M | 129.4M | 139.0M | 144.8M | 152.0M | |
Cash | 18.0M | 16.1M | 6.2M | 10.2M | 8.3M | 9.2M | |
Non Current Assets Total | 165.7M | 163.8M | 142.7M | 136.2M | 139.8M | 146.8M | |
Non Currrent Assets Other | (5.3B) | 1.7M | 2.7M | 2.3M | (986.5B) | (937.2B) | |
Cash And Short Term Investments | 18.0M | 16.1M | 6.2M | 10.2M | 9.3M | 9.2M | |
Net Receivables | 37.9M | 38.1M | 44.2M | 43.9M | 37.6M | 39.5M | |
Common Stock Shares Outstanding | 6.3M | 6.3M | 6.3M | 6.2M | 6.3M | 4.9M | |
Liabilities And Stockholders Equity | 280.7M | 275.5M | 266.3M | 261.5M | 252.0M | 264.6M | |
Non Current Liabilities Total | 143.3M | 130.6M | 102.2M | 87.9M | 76.8M | 80.7M | |
Inventory | 54.6M | 53.1M | 62.9M | 64.6M | 59.3M | 62.2M | |
Other Current Assets | 4.3M | 4.3M | 6.9M | 6.6M | 6.0M | 3.1M | |
Total Liab | 175.2M | 171.2M | 151.7M | 134.9M | 119.6M | 125.5M | |
Property Plant And Equipment Gross | 54.4M | 88.2M | 28.3M | 56.1M | 77.5M | 81.4M | |
Total Current Assets | 114.9M | 111.7M | 123.7M | 125.3M | 112.2M | 59.8M | |
Accumulated Other Comprehensive Income | (25.2M) | (29.5M) | (26.5M) | (23.4M) | (23.0M) | (21.8M) | |
Short Term Debt | 5.2M | 9.4M | 10.2M | 12.1M | 7.5M | 7.9M | |
Intangible Assets | 111.4M | 32.5M | 28.3M | 24.3M | 20.8M | 21.9M | |
Accounts Payable | 20.0M | 23.5M | 29.6M | 27.6M | 25.3M | 26.6M | |
Common Stock Total Equity | 30.7M | 31.5M | 32.6M | 33.6M | 38.6M | 22.0M | |
Common Stock | 30.7M | 31.5M | 32.6M | 33.6M | 34.0M | 21.9M | |
Other Liab | 37.4M | 38.4M | 29.7M | 23.6M | 27.1M | 20.2M | |
Long Term Debt | 93.6M | 82.3M | 63.8M | 55.1M | 41.1M | 26.3M | |
Good Will | 79.5M | 76.9M | 72.2M | 70.8M | 70.8M | 74.3M | |
Property Plant Equipment | 42.0M | 52.7M | 28.3M | 26.1M | 30.0M | 30.6M | |
Current Deferred Revenue | 7.3M | 5.3B | 2.9M | 9.2M | 8.3M | 7.9M | |
Net Tangible Assets | 117.8M | (5.1M) | 114.6M | 126.6M | 145.6M | 91.4M | |
Retained Earnings Total Equity | 120.2M | 122.8M | (129.4M) | 139.0M | 125.1M | 64.6M |
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Eastern using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastern Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for Eastern Stock analysis
When running Eastern's price analysis, check to measure Eastern'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 Eastern is operating at the current time. Most of Eastern's value examination focuses on studying past and present price action to predict the probability of Eastern's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastern's price. Additionally, you may evaluate how the addition of Eastern to your portfolios can decrease your overall portfolio volatility.
Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
CEOs Directory Screen CEOs from public companies around the world | |
Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
Money Managers Screen money managers from public funds and ETFs managed around the world | |
Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
Performance Analysis Check effects of mean-variance optimization against your current asset allocation |
Is Eastern's 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 Eastern. If investors know Eastern 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 Eastern 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 2.177 | Dividend Share 0.44 | Earnings Share 1.58 | Revenue Per Share 43.157 | Quarterly Revenue Growth (0.06) |
The market value of Eastern is measured differently than its book value, which is the value of Eastern that is recorded on the company's balance sheet. Investors also form their own opinion of Eastern's value that differs from its market value or its book value, called intrinsic value, which is Eastern's 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 Eastern's market value can be influenced by many factors that don't directly affect Eastern's 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 Eastern's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eastern is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastern's 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.