Electrocore Income Before Tax vs Income Tax Expense Analysis
ECOR Stock | USD 6.62 0.38 5.43% |
Electrocore LLC financial indicator trend analysis is much more than just examining Electrocore LLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Electrocore LLC is a good investment. Please check the relationship between Electrocore LLC Income Before Tax and its Income Tax Expense accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electrocore LLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Electrocore Stock, please use our How to Invest in Electrocore LLC guide.
Income Before Tax vs Income Tax Expense
Income Before Tax vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Electrocore LLC Income Before Tax account and Income Tax Expense. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Electrocore LLC's Income Before Tax and Income Tax Expense is -0.29. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Electrocore LLC, assuming nothing else is changed. The correlation between historical values of Electrocore LLC's Income Before Tax 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 Income Before Tax of Electrocore LLC 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 Income Before Tax i.e., Electrocore LLC's Income Before Tax and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | -0.29 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Electrocore LLC income statement and is an important metric when analyzing Electrocore LLC 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.Income Tax Expense
Most indicators from Electrocore LLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Electrocore LLC 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electrocore LLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Electrocore Stock, please use our How to Invest in Electrocore LLC guide.As of 05/24/2024, Selling General Administrative is likely to drop to about 24.1 M. In addition to that, Tax Provision is likely to drop to about (206.8 K)
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.1M | 7.0M | 13.2M | 13.9M | Total Revenue | 5.5M | 8.6M | 16.0M | 16.8M |
Electrocore LLC fundamental ratios Correlations
Click cells to compare fundamentals
Electrocore LLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Electrocore LLC fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 36.1M | 31.5M | 42.8M | 24.8M | 16.4M | 26.5M | |
Other Current Liab | 3.3M | 2.8M | 3.9M | 4.7M | 5.6M | 4.4M | |
Total Current Liabilities | 9.1M | 5.9M | 5.5M | 7.0M | 8.1M | 7.3M | |
Total Stockholder Equity | 24.9M | 23.6M | 36.6M | 17.1M | 7.4M | 7.8M | |
Net Tangible Assets | 23.2M | 23.0M | 36.1M | 16.3M | 18.8M | 19.7M | |
Property Plant And Equipment Net | 1.8M | 761.3K | 759.8K | 615K | 706K | 717.2K | |
Net Debt | (11.5M) | (1.2M) | (33.9M) | (17.0M) | (10.0M) | (10.5M) | |
Retained Earnings | (83.5M) | (107.0M) | (124.2M) | (146.4M) | (165.2M) | (173.5M) | |
Accounts Payable | 5.2M | 2.1M | 1.5M | 2.1M | 2.2M | 1.9M | |
Cash | 13.6M | 4.2M | 34.7M | 17.7M | 10.6M | 14.0M | |
Non Current Assets Total | 8.9M | 8.9M | 5.3M | 3.6M | 2.1M | 4.1M | |
Non Currrent Assets Other | 7.2M | 7.3M | 4.1M | 3.0M | 1.1M | 1.0M | |
Other Assets | 635.9K | 4.9M | (10.0) | 3.5M | 4.0M | 4.2M | |
Cash And Short Term Investments | 13.6M | 22.6M | 34.7M | 17.7M | 10.6M | 20.5M | |
Net Receivables | 496.1K | 270.5K | 438.2K | 401K | 717K | 373.8K | |
Common Stock Total Equity | 40.2M | 29.5K | 29.8K | 45.6K | 41.0K | 39.0K | |
Common Stock Shares Outstanding | 2.0M | 2.6M | 3.9M | 4.7M | 5.5M | 5.7M | |
Liabilities And Stockholders Equity | 36.1M | 31.5M | 42.8M | 24.8M | 16.4M | 26.5M | |
Non Current Liabilities Total | 1.4M | 2.0M | 699.5K | 625K | 822K | 780.9K | |
Capital Surpluse | 22.6M | 103.8M | 107.8M | 130.2M | 149.7M | 81.9M | |
Inventory | 891.0K | 841.6K | 1.4M | 2.0M | 2.2M | 1.3M | |
Other Current Assets | 1.1M | 34.8K | 1.1M | 828K | 836K | 872.4K | |
Other Stockholder Equity | 108.4M | 130.8M | 160.8M | 163.5M | 172.7M | 181.3M | |
Total Liab | 10.6M | 7.9M | 6.2M | 7.7M | 8.9M | 8.5M | |
Property Plant And Equipment Gross | 1.8M | 244.0K | 759.8K | 615K | 706K | 646.1K | |
Total Current Assets | 26.5M | 22.6M | 37.5M | 21.2M | 14.3M | 23.4M | |
Accumulated Other Comprehensive Income | (41.3K) | (251.5K) | 12.7K | (69K) | (64K) | (60.8K) | |
Common Stock | 29.8K | 45.6K | 70.7K | 5K | 6K | 5.7K | |
Property Plant Equipment | 1.8M | 244.0K | 759.8K | 615K | 707.3K | 627.4K | |
Net Invested Capital | 24.4M | 24.6M | 36.6M | 17.1M | 7.4M | 13.5M | |
Net Working Capital | 17.4M | 19.2M | 32.1M | 14.1M | 6.2M | 5.9M | |
Capital Stock | 29.8K | 45.6K | 70.7K | 5K | 6K | 5.7K |
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Try AI Portfolio ArchitectCheck out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electrocore LLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Electrocore Stock, please use our How to Invest in Electrocore LLC guide.You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
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Is Electrocore LLC'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 Electrocore LLC. If investors know Electrocore 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 Electrocore LLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.42) | Revenue Per Share 2.907 | Quarterly Revenue Growth 1.028 | Return On Assets (0.58) | Return On Equity (1.54) |
The market value of Electrocore LLC is measured differently than its book value, which is the value of Electrocore that is recorded on the company's balance sheet. Investors also form their own opinion of Electrocore LLC's value that differs from its market value or its book value, called intrinsic value, which is Electrocore LLC'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 Electrocore LLC's market value can be influenced by many factors that don't directly affect Electrocore LLC'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 Electrocore LLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electrocore LLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electrocore LLC'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.