Honda Motor Earnings before Tax vs Average Equity Analysis

HMC -- USA Stock  

Quarterly Earning Report: October 29, 2019  

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

Earnings before Tax vs Average Equity

Accounts Relationship

Earnings before Tax vs Average Equity

Significance: Totally Related

Earnings before Tax diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Honda Motor Earnings before Tax account and Average Equity

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Earnings before Tax

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

Average Equity

Average equity value for the period used in calculation of Return on Average Equity; derived from [Equity].
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