BlackLine Working Capital vs Earnings before Tax Analysis

BL -- USA Stock  

Earning Report: November 6, 2019  

BlackLine financial indicator trend analysis is way more than just evaluating BlackLine prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BlackLine is a good investment. Please check the relationship between BlackLine Working Capital and its Earnings before Tax accounts. Check also Trending Equities.

Working Capital vs Earnings before Tax

Accounts Relationship

Working Capital vs Earnings before Tax

Significance: Almost No Relationship

Working Capital diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of BlackLine Working Capital account and Earnings before Tax

Correlation Coefficient

Relationship DirectionPositive 
Relationship StrengthInsignificant

Working Capital

Working capital measures the difference between [AssetsC] and [LiabilitiesC].

Earnings before Tax

Earnings Before Tax is calculated by adding [TaxExp] back to [NetInc].