Glacier Bancorp Gross Profit vs Income Tax Expense Analysis

GBCI -- USA Stock  

USD 40.33  0.80  1.95%

Glacier Bancorp financial indicator trend analysis is much more than just examining Glacier Bancorp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Glacier Bancorp is a good investment. Please check the relationship between Glacier Bancorp Gross Profit and its Income Tax Expense accounts. Please also check Risk vs Return Analysis.

Gross Profit vs Income Tax Expense

Accounts Relationship

Gross Profit vs Income Tax Expense

Significance: Very Strong Relationship

Gross Profit diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Glacier Bancorp Gross Profit account and Income Tax Expense

Correlation Coefficient

0.85
Relationship DirectionPositive 
Relationship StrengthStrong

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Glacier Bancorp minus its cost of goods sold. It is profit before Glacier Bancorp operating expenses, interest payments and taxes. Gross profit is also known as gross margin. Aggregate revenue [Revenue] less cost of revenue [CoR] directly attributable to the revenue generation activity.

Income Tax Expense

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.
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