Biomerica Cost of Revenue vs Income Tax Expense Analysis

BMRA Stock  USD 0.89  0.02  2.30%   
Biomerica financial indicator trend analysis is way more than just evaluating Biomerica prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Biomerica is a good investment. Please check the relationship between Biomerica Cost Of Revenue and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Biomerica. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade Biomerica Stock refer to our How to Trade Biomerica Stock guide.

Cost Of Revenue vs Income Tax Expense

Cost of Revenue vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Biomerica Cost of Revenue account and Income Tax Expense. At this time, the significance of the direction appears to have no relationship.
The correlation between Biomerica's Cost of Revenue and Income Tax Expense is 0.07. Overlapping area represents the amount of variation of Cost of Revenue that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Biomerica, assuming nothing else is changed. The correlation between historical values of Biomerica's Cost of Revenue and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost of Revenue of Biomerica are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Cost of Revenue i.e., Biomerica's Cost of Revenue and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.07
Relationship DirectionPositive 
Relationship StrengthInsignificant

Cost Of Revenue

Cost of Revenue is found on Biomerica income statement and represents the costs associated with goods and services Biomerica provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Income Tax Expense

Most indicators from Biomerica's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Biomerica 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 Biomerica. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade Biomerica Stock refer to our How to Trade Biomerica Stock guide.The current year's Tax Provision is expected to grow to about 48 K, whereas Selling General Administrative is forecasted to decline to about 6.6 M.
 2021 2022 2023 2024 (projected)
Gross Profit3.0M446K401.4K381.3K
Total Revenue18.9M5.3M6.1M7.6M

Biomerica fundamental ratios Correlations

0.660.740.990.89-0.88-0.780.940.670.230.940.010.790.770.480.40.890.790.891.00.24-0.330.05-0.110.610.85
0.660.740.620.42-0.85-0.630.830.11-0.040.83-0.620.50.39-0.14-0.170.70.580.740.7-0.08-0.170.560.370.220.61
0.740.740.680.69-0.76-0.80.750.470.30.75-0.210.660.80.360.10.740.930.810.750.42-0.150.19-0.030.70.68
0.990.620.680.87-0.87-0.750.940.660.180.940.030.760.720.460.440.870.740.860.990.19-0.340.03-0.120.570.83
0.890.420.690.87-0.64-0.730.720.880.50.720.260.740.850.720.370.760.850.810.850.29-0.33-0.12-0.250.720.71
-0.88-0.85-0.76-0.87-0.640.65-0.97-0.350.0-0.970.36-0.56-0.55-0.06-0.31-0.76-0.71-0.79-0.91-0.080.15-0.38-0.2-0.38-0.69
-0.78-0.63-0.8-0.75-0.730.65-0.74-0.56-0.14-0.740.12-0.95-0.67-0.60.04-0.95-0.74-0.93-0.78-0.160.520.230.44-0.81-0.94
0.940.830.750.940.72-0.97-0.740.430.051.0-0.280.70.620.20.280.870.710.870.970.11-0.270.270.090.450.81
0.670.110.470.660.88-0.35-0.560.430.470.430.440.570.690.790.320.530.70.590.590.17-0.25-0.33-0.350.720.5
0.23-0.040.30.180.50.0-0.140.050.470.050.420.130.630.550.180.080.520.060.190.390.160.05-0.020.390.06
0.940.830.750.940.72-0.97-0.741.00.430.05-0.280.70.620.20.280.870.710.870.970.11-0.270.270.090.450.81
0.01-0.62-0.210.030.260.360.12-0.280.440.42-0.280.00.340.570.46-0.140.02-0.2-0.060.43-0.08-0.52-0.40.17-0.09
0.790.50.660.760.74-0.56-0.950.70.570.130.70.00.650.680.00.960.620.90.770.19-0.58-0.34-0.540.770.98
0.770.390.80.720.85-0.55-0.670.620.690.630.620.340.650.670.360.660.890.670.750.63-0.13-0.02-0.190.720.62
0.48-0.140.360.460.72-0.06-0.60.20.790.550.20.570.680.670.230.520.530.470.420.39-0.39-0.65-0.720.80.56
0.4-0.170.10.440.37-0.310.040.280.320.180.280.460.00.360.230.060.280.050.40.44-0.01-0.13-0.130.140.05
0.890.70.740.870.76-0.76-0.950.870.530.080.87-0.140.960.660.520.060.680.960.890.14-0.52-0.12-0.320.690.99
0.790.580.930.740.85-0.71-0.740.710.70.520.710.020.620.890.530.280.680.760.780.43-0.110.1-0.080.770.61
0.890.740.810.860.81-0.79-0.930.870.590.060.87-0.20.90.670.470.050.960.760.890.13-0.49-0.04-0.240.670.92
1.00.70.750.990.85-0.91-0.780.970.590.190.97-0.060.770.750.420.40.890.780.890.24-0.320.1-0.070.580.85
0.24-0.080.420.190.29-0.08-0.160.110.170.390.110.430.190.630.390.440.140.430.130.240.22-0.04-0.180.290.15
-0.33-0.17-0.15-0.34-0.330.150.52-0.27-0.250.16-0.27-0.08-0.58-0.13-0.39-0.01-0.52-0.11-0.49-0.320.220.540.55-0.32-0.55
0.050.560.190.03-0.12-0.380.230.27-0.330.050.27-0.52-0.34-0.02-0.65-0.13-0.120.1-0.040.1-0.040.540.95-0.45-0.22
-0.110.37-0.03-0.12-0.25-0.20.440.09-0.35-0.020.09-0.4-0.54-0.19-0.72-0.13-0.32-0.08-0.24-0.07-0.180.550.95-0.6-0.42
0.610.220.70.570.72-0.38-0.810.450.720.390.450.170.770.720.80.140.690.770.670.580.29-0.32-0.45-0.60.7
0.850.610.680.830.71-0.69-0.940.810.50.060.81-0.090.980.620.560.050.990.610.920.850.15-0.55-0.22-0.420.7
Click cells to compare fundamentals

Biomerica Account Relationship Matchups

Biomerica fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets17.3M11.8M11.4M14.5M16.6M17.5M
Other Current Liab278.6K540.7K883.3K1.2M1.1M1.2M
Total Current Liabilities1.5M1.3M2.0M1.9M1.8M1.3M
Total Stockholder Equity14.2M9.2M8.3M11.7M13.5M14.2M
Property Plant And Equipment Net2.0M1.9M1.5M1.2M1.4M1.5M
Net Debt(6.9M)(2.6M)(4.5M)(8.6M)(7.8M)(7.4M)
Retained Earnings(21.9M)(28.4M)(35.1M)(42.2M)(38.0M)(36.1M)
Cash8.6M4.2M5.9M9.7M11.2M11.7M
Non Current Assets Total2.5M2.6M1.9M1.7M1.9M1.3M
Non Currrent Assets Other168.2K264.2K95.6K79K71.1K67.5K
Cash And Short Term Investments8.6M4.2M5.9M9.7M11.2M11.7M
Net Receivables1.8M1.5M773.8K722K649.8K955.2K
Common Stock Shares Outstanding10.2M11.9M12.7M13.3M15.3M16.1M
Liabilities And Stockholders Equity17.3M11.8M11.4M14.5M16.6M17.5M
Non Current Liabilities Total1.6M1.3M1.0M785K902.8K857.6K
Inventory2.9M3.2M2.4M2.1M2.4M2.2M
Other Current Assets1.5M255.0447.0300K270K273.8K
Other Stockholder Equity35.2M36.7M42.4M52.7M60.6M63.6M
Total Liab3.0M2.6M3.0M2.7M2.5M1.4M
Property Plant And Equipment Gross2.0M1.9M3.5M3.2M3.7M3.9M
Total Current Assets14.8M9.2M9.4M12.8M14.7M15.5M
Accumulated Other Comprehensive Income(39.8K)(48.0K)(73.9K)(110K)(126.5K)(132.8K)
Accounts Payable986.7K431.6K736K344K309.6K575.0K
Intangible Assets168.7K294.8K170K165K148.5K276.5K
Common Stock Total Equity711.0K774.2K939.2K984.6K1.1M622.7K
Common Stock939.2K984.6K1.0M1.3M1.5M1.6M
Other Assets168.2K264.2K363.079K90.9K86.3K
Property Plant Equipment2.0M1.9M1.5M1.2M1.4M1.5M
Net Tangible Assets14.0M8.9M8.2M11.6M13.3M7.8M
Net Invested Capital14.2M9.2M8.3M11.7M13.5M8.8M
Net Working Capital13.3M7.9M7.4M10.9M12.5M7.9M
Capital Stock964.9K984.6K1.0M1.3M1.5M1.1M
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 Biomerica 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, Biomerica's short interest history, or implied volatility extrapolated from Biomerica options trading.

Pair Trading with Biomerica

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 Biomerica 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 Biomerica will appreciate offsetting losses from the drop in the long position's value.

Moving against Biomerica Stock

  0.47AHG Akso Health GroupPairCorr
The ability to find closely correlated positions to Biomerica could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Biomerica 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 Biomerica - 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 Biomerica to buy it.
The correlation of Biomerica 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 Biomerica moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Biomerica 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 Biomerica 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.
Pair CorrelationCorrelation Matching
When determining whether Biomerica offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Biomerica's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Biomerica Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Biomerica Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Biomerica. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade Biomerica Stock refer to our How to Trade Biomerica Stock guide.
You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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Is Biomerica'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 Biomerica. If investors know Biomerica 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 Biomerica listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.38)
Revenue Per Share
0.345
Quarterly Revenue Growth
0.057
Return On Assets
(0.35)
Return On Equity
(0.73)
The market value of Biomerica is measured differently than its book value, which is the value of Biomerica that is recorded on the company's balance sheet. Investors also form their own opinion of Biomerica's value that differs from its market value or its book value, called intrinsic value, which is Biomerica'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 Biomerica's market value can be influenced by many factors that don't directly affect Biomerica'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 Biomerica's value and its price as these two are different measures arrived at by different means. Investors typically determine if Biomerica is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Biomerica'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.