Aveanna Income Before Tax vs Gross Profit Analysis
| AVAH Stock | USD 2.25 0.05 2.27% |
Aveanna Healthcare financial indicator trend analysis is way more than just evaluating Aveanna Healthcare prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aveanna Healthcare is a good investment. Please check the relationship between Aveanna Healthcare Income Before Tax and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aveanna Healthcare Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Income Before Tax vs Gross Profit
Income Before Tax vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aveanna Healthcare Income Before Tax account and Gross Profit. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Aveanna Healthcare's Income Before Tax and Gross Profit is -0.6. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Aveanna Healthcare Holdings, assuming nothing else is changed. The correlation between historical values of Aveanna Healthcare's Income Before Tax and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Aveanna Healthcare Holdings are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Income Before Tax i.e., Aveanna Healthcare's Income Before Tax and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.6 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Aveanna Healthcare income statement and is an important metric when analyzing Aveanna Healthcare 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.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Aveanna Healthcare Holdings minus its cost of goods sold. It is profit before Aveanna Healthcare 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.Most indicators from Aveanna Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aveanna Healthcare 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Aveanna Healthcare Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. As of now, Aveanna Healthcare's Enterprise Value Over EBITDA is increasing as compared to previous years. The Aveanna Healthcare's current Enterprise Value Multiple is estimated to increase to 29.05, while Tax Provision is projected to decrease to under 21.9 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 35.4M | 38.8M | 30.1M | 32.9M | Interest Income | 253K | 679K | 548K | 481.4K |
Aveanna Healthcare fundamental ratios Correlations
Click cells to compare fundamentals
Aveanna Healthcare Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aveanna Healthcare fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Other Current Liab | 3.4M | 149.6M | 129.0M | 249.6M | 141.6M | 137.7M | |
| Total Current Liabilities | 168.5M | 260.4M | 344.8M | 326.5M | 354.8M | 303.1M | |
| Other Liab | 54.4M | 82.6M | 64.3M | 62.5M | 71.9M | 69.7M | |
| Net Tangible Assets | (1.0B) | (1.1B) | (1.3B) | (1.3B) | (1.1B) | (1.2B) | |
| Retained Earnings | (400.6M) | (457.6M) | (574.7M) | (1.2B) | (1.4B) | (1.3B) | |
| Accounts Payable | 66.4M | 56.7M | 52.6M | 44.6M | 30.1M | 38.5M | |
| Other Assets | 31.3M | 34.5M | 33.4M | 27.4M | 24.6M | 25.0M | |
| Net Receivables | 164.3M | 180.9M | 225.3M | 225.6M | 245.8M | 226.0M | |
| Other Current Assets | 8.6M | 11.3M | 9.2M | 9.8M | 25.1M | 13.0M | |
| Total Current Assets | 186.3M | 340.6M | 279.2M | 269.8M | 314.9M | 294.4M | |
| Common Stock | 1.4M | 1.4M | 1.8M | 1.9M | 1.9M | 1.6M | |
| Property Plant Equipment | 80.5M | 78.9M | 31.4M | 22.8M | 20.5M | 38.5M |
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 Aveanna Healthcare 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, Aveanna Healthcare's short interest history, or implied volatility extrapolated from Aveanna Healthcare options trading.
Pair Trading with Aveanna Healthcare
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 Aveanna Healthcare 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 Aveanna Healthcare will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Aveanna Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aveanna Healthcare 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 Aveanna Healthcare - 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 Aveanna Healthcare Holdings to buy it.
The correlation of Aveanna Healthcare 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 Aveanna Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aveanna Healthcare 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 Aveanna Healthcare 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Aveanna Healthcare Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Aveanna Healthcare information on this page should be used as a complementary analysis to other Aveanna Healthcare'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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Aveanna Stock analysis
When running Aveanna Healthcare's price analysis, check to measure Aveanna Healthcare'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 Aveanna Healthcare is operating at the current time. Most of Aveanna Healthcare's value examination focuses on studying past and present price action to predict the probability of Aveanna Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aveanna Healthcare's price. Additionally, you may evaluate how the addition of Aveanna Healthcare to your portfolios can decrease your overall portfolio volatility.
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Is Aveanna Healthcare'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 Aveanna Healthcare. If investors know Aveanna 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 Aveanna Healthcare 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 12 | Earnings Share (0.71) | Revenue Per Share 9.977 | Quarterly Revenue Growth 0.061 | Return On Assets 0.0414 |
The market value of Aveanna Healthcare is measured differently than its book value, which is the value of Aveanna that is recorded on the company's balance sheet. Investors also form their own opinion of Aveanna Healthcare's value that differs from its market value or its book value, called intrinsic value, which is Aveanna Healthcare'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 Aveanna Healthcare's market value can be influenced by many factors that don't directly affect Aveanna Healthcare'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 Aveanna Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aveanna Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aveanna Healthcare'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.