NetSuite Earnings before Tax vs Average Assets Analysis

NetSuite financial indicator trend analysis is infinitely more than just investigating NetSuite recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NetSuite is a good investment. Please check the relationship between NetSuite Earnings before Tax and its Average Assets accounts. See also Stocks Correlation.

Earnings before Tax vs Average Assets

Accounts Relationship

Earnings before Tax vs Average Assets

Significance: Weak Relationship

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

Correlation Coefficient

0.36
Relationship DirectionPositive 
Relationship StrengthVery Weak

Earnings before Tax

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

Average Assets

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