Home Depot Earnings before Tax vs Average Assets Analysis

HD -- USA Stock  

USD 177.36  2.54  1.41%

Home Depot financial indicator trend analysis is much more than just examining The Home Depot latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether The Home Depot is a good investment. Please check the relationship between Home Depot Earnings before Tax and its Average Assets accounts. Please also check Risk vs Return Analysis.

Earnings before Tax vs Average Assets

Accounts Relationship

Earnings before Tax vs Average Assets

Significance: Fragmental Relationship

Earnings before Tax diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of The Home Depot Earnings before Tax account and Average Assets

Correlation Coefficient

0.45
Relationship DirectionPositive 
Relationship StrengthWeak

Earnings before Tax

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

Average Assets

Average asset value for the period used in calculation of Return on Average Equity and Return on Average Assets; derived from Total Assets.

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