Home Depot Earnings before Tax vs Average Assets Analysis

Earnings before Tax vs Average Assets

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.

Accounts Relationship

Earnings before Tax vs Average Assets

Significance: Very Week Relationship

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

0.24
Relationship DirectionPositive 
Relationship StrengthVery Weak