Azek Income Before Tax from 2010 to 2024
| AZEK Stock | USD 45.70 0.06 0.13% |
Income Before Tax | First Reported 2018-12-31 | Previous Quarter 56 M | Current Value 42.6 M | Quarterly Volatility 34.6 M |
Check Azek financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Azek main balance sheet or income statement drivers, such as Interest Expense of 36.8 M, Other Operating Expenses of 796.3 M or Net Income Applicable To Common Shares of 82.1 M, as well as many exotic indicators such as Price To Sales Ratio of 4.43, Dividend Yield of 0.0 or PTB Ratio of 4.83. Azek financial statements analysis is a perfect complement when working with Azek Valuation or Volatility modules.
Azek | Income Before Tax |
Latest Azek's Income Before Tax Growth Pattern
Below is the plot of the Income Before Tax of Azek Company over the last few years. Income Before Tax which can also be referred as pre-tax income is reported on Azek income statement and is an important metric when analyzing Azek Company 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. It is Azek's Income Before Tax historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Azek's overall financial position and show how it may be relating to other accounts over time.
| Income Before Tax | 10 Years Trend |
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Income Before Tax |
| Timeline |
Azek Income Before Tax Regression Statistics
| Arithmetic Mean | (16,596,765) | |
| Geometric Mean | 78,706,746 | |
| Coefficient Of Variation | (569.03) | |
| Mean Deviation | 82,334,816 | |
| Median | (87,460,000) | |
| Standard Deviation | 94,440,642 | |
| Sample Variance | 8919T | |
| Range | 252.3M | |
| R-Value | 0.81 | |
| Mean Square Error | 3235.4T | |
| R-Squared | 0.66 | |
| Significance | 0.0002 | |
| Slope | 17,196,950 | |
| Total Sum of Squares | 124866.5T |
Azek Income Before Tax History
About Azek Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Azek income statement, its balance sheet, and the statement of cash flows. Azek investors use historical funamental indicators, such as Azek's Income Before Tax, to determine how well the company is positioned to perform in the future. Although Azek investors may use each financial statement separately, they are all related. The changes in Azek's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Azek's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Azek Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Azek. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Income Before Tax | 105.7 M | 110.9 M |
Pair Trading with Azek
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 Azek 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 Azek will appreciate offsetting losses from the drop in the long position's value.Moving together with Azek Stock
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| 0.81 | DOOR | Masonite International Financial Report 13th of May 2024 | PairCorr |
The ability to find closely correlated positions to Azek could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Azek 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 Azek - 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 Azek Company to buy it.
The correlation of Azek 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 Azek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Azek Company 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 Azek 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.Check out the analysis of Azek Correlation against competitors. Note that the Azek Company information on this page should be used as a complementary analysis to other Azek's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for Azek Stock analysis
When running Azek's price analysis, check to measure Azek'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 Azek is operating at the current time. Most of Azek's value examination focuses on studying past and present price action to predict the probability of Azek's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Azek's price. Additionally, you may evaluate how the addition of Azek to your portfolios can decrease your overall portfolio volatility.
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Is Azek'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 Azek. If investors know Azek 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 Azek 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 0.285 | Earnings Share 0.79 | Revenue Per Share 9.342 | Quarterly Revenue Growth 0.112 | Return On Assets 0.0465 |
The market value of Azek Company is measured differently than its book value, which is the value of Azek that is recorded on the company's balance sheet. Investors also form their own opinion of Azek's value that differs from its market value or its book value, called intrinsic value, which is Azek'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 Azek's market value can be influenced by many factors that don't directly affect Azek'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 Azek's value and its price as these two are different measures arrived at by different means. Investors typically determine if Azek is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Azek'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.