Quantum Operating Income vs Income Before Tax Analysis

QUBT Stock

USD 1.29 0.65 101.56%

Quantum Computing financial indicator trend analysis is much more than just breaking down Quantum Computing prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quantum Computing is a good investment. Please check the relationship between Quantum Computing Operating Income and its Income Before Tax accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quantum Computing. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy Quantum Stock please use our How to Invest in Quantum Computing guide.

Operating Income vs Income Before Tax

Operating Income vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Quantum Computing Operating Income account and Income Before Tax. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Quantum Computing's Operating Income and Income Before Tax is 0.98. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Quantum Computing, assuming nothing else is changed. The correlation between historical values of Quantum Computing's Operating Income and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Quantum Computing are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Operating Income i.e., Quantum Computing's Operating Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Quantum Computing operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Quantum Computing is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Quantum Computing income statement and is an important metric when analyzing Quantum Computing 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.

Most indicators from Quantum Computing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Quantum Computing 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quantum Computing. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy Quantum Stock please use our How to Invest in Quantum Computing guide.Selling General Administrative is likely to drop to about 9.6 M in 2024. Issuance Of Capital Stock is likely to drop to about 13.6 M in 2024

	2021	2022	2023	2024 (projected)
Other Operating Expenses	16.9M	36.7M	27.6M	16.9M
Research Development	2.6M	4.6M	6.4M	6.8M

Other Operating Expenses Research Development

Quantum Computing fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Other Liab	Common Stock Total Equity	Common Stock Shares Outstanding	Other Stockholder Equity	Short Long Term Debt Total	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Cash And Short Term Investments
Total Assets		0.71	0.76	1.0	-0.42	-0.95	0.92	0.07	0.98	0.66	-0.57	0.77	0.27	0.17	-0.01	-0.12	0.98	0.35	0.89	0.96	0.98	0.52	0.95	0.14	0.99	0.04
Other Current Liab	0.71		0.8	0.67	-0.43	-0.56	0.47	-0.07	0.64	0.08	-0.06	0.95	-0.1	-0.04	-0.03	-0.11	0.64	0.19	0.53	0.53	0.61	0.81	0.52	0.34	0.72	-0.09
Total Current Liabilities	0.76	0.8		0.73	-0.47	-0.7	0.66	-0.08	0.72	0.38	-0.32	0.93	0.04	-0.03	-0.14	0.04	0.73	0.1	0.66	0.67	0.71	0.59	0.66	0.27	0.77	-0.09
Total Stockholder Equity	1.0	0.67	0.73		-0.4	-0.96	0.94	0.09	0.98	0.69	-0.61	0.73	0.29	0.2	-0.02	-0.12	0.98	0.35	0.9	0.97	0.99	0.47	0.96	0.1	0.98	0.07
Net Tangible Assets	-0.42	-0.43	-0.47	-0.4		0.22	-0.35	0.87	-0.56	-0.47	0.42	-0.44	-0.6	0.81	-0.55	-0.09	-0.54	-0.02	-0.2	-0.27	-0.33	-0.67	-0.54	-0.93	-0.56	0.88
Retained Earnings	-0.95	-0.56	-0.7	-0.96	0.22		-0.96	-0.27	-0.92	-0.68	0.61	-0.65	-0.25	-0.38	0.16	0.16	-0.93	-0.39	-0.95	-0.99	-0.99	-0.25	-0.92	0.11	-0.91	-0.24
Accounts Payable	0.92	0.47	0.66	0.94	-0.35	-0.96		0.1	0.94	0.85	-0.77	0.57	0.32	0.22	-0.17	0.03	0.94	0.23	0.9	0.98	0.96	0.23	0.96	0.0	0.91	0.09
Cash	0.07	-0.07	-0.08	0.09	0.87	-0.27	0.1		-0.1	-0.21	0.19	-0.04	-0.49	0.99	-0.57	-0.24	-0.08	0.23	0.26	0.21	0.16	-0.46	-0.1	-0.95	-0.09	0.99
Other Assets	0.98	0.64	0.72	0.98	-0.56	-0.92	0.94	-0.1		0.76	-0.67	0.7	0.42	0.02	0.09	-0.09	1.0	0.33	0.86	0.94	0.96	0.51	0.99	0.27	0.99	-0.12
Net Receivables	0.66	0.08	0.38	0.69	-0.47	-0.68	0.85	-0.21	0.76		-0.92	0.21	0.47	-0.08	-0.06	0.29	0.76	-0.03	0.63	0.74	0.71	0.06	0.83	0.17	0.69	-0.19
Inventory	-0.57	-0.06	-0.32	-0.61	0.42	0.61	-0.77	0.19	-0.67	-0.92		-0.17	-0.39	0.08	0.07	-0.27	-0.67	0.03	-0.55	-0.66	-0.63	-0.04	-0.73	-0.15	-0.6	0.17
Total Liab	0.77	0.95	0.93	0.73	-0.44	-0.65	0.57	-0.04	0.7	0.21	-0.17		-0.09	-0.01	-0.09	-0.02	0.7	0.12	0.62	0.61	0.69	0.77	0.6	0.3	0.78	-0.06
Short Long Term Debt	0.27	-0.1	0.04	0.29	-0.6	-0.25	0.32	-0.49	0.42	0.47	-0.39	-0.09		-0.42	0.76	-0.46	0.41	0.58	0.25	0.31	0.29	0.03	0.5	0.45	0.35	-0.55
Total Current Assets	0.17	-0.04	-0.03	0.2	0.81	-0.38	0.22	0.99	0.02	-0.08	0.08	-0.01	-0.42		-0.57	-0.22	0.04	0.25	0.37	0.33	0.27	-0.45	0.02	-0.94	0.02	0.98
Short Term Debt	-0.01	-0.03	-0.14	-0.02	-0.55	0.16	-0.17	-0.57	0.09	-0.06	0.07	-0.09	0.76	-0.57		-0.57	0.08	0.54	-0.15	-0.11	-0.08	0.32	0.1	0.62	0.08	-0.64
Common Stock	-0.12	-0.11	0.04	-0.12	-0.09	0.16	0.03	-0.24	-0.09	0.29	-0.27	-0.02	-0.46	-0.22	-0.57		-0.09	-0.96	-0.14	-0.15	-0.13	0.04	-0.09	0.12	-0.09	-0.14
Property Plant Equipment	0.98	0.64	0.73	0.98	-0.54	-0.93	0.94	-0.08	1.0	0.76	-0.67	0.7	0.41	0.04	0.08	-0.09		0.33	0.87	0.95	0.97	0.49	0.99	0.25	0.99	-0.1
Other Liab	0.35	0.19	0.1	0.35	-0.02	-0.39	0.23	0.23	0.33	-0.03	0.03	0.12	0.58	0.25	0.54	-0.96	0.33		0.36	0.39	0.37	-0.01	0.34	-0.1	0.32	0.13
Common Stock Total Equity	0.89	0.53	0.66	0.9	-0.2	-0.95	0.9	0.26	0.86	0.63	-0.55	0.62	0.25	0.37	-0.15	-0.14	0.87	0.36		0.92	0.94	0.25	0.85	-0.11	0.85	0.24
Common Stock Shares Outstanding	0.96	0.53	0.67	0.97	-0.27	-0.99	0.98	0.21	0.94	0.74	-0.66	0.61	0.31	0.33	-0.11	-0.15	0.95	0.39	0.92		0.99	0.25	0.95	-0.07	0.92	0.19
Other Stockholder Equity	0.98	0.61	0.71	0.99	-0.33	-0.99	0.96	0.16	0.96	0.71	-0.63	0.69	0.29	0.27	-0.08	-0.13	0.97	0.37	0.94	0.99		0.37	0.95	0.01	0.96	0.14
Short Long Term Debt Total	0.52	0.81	0.59	0.47	-0.67	-0.25	0.23	-0.46	0.51	0.06	-0.04	0.77	0.03	-0.45	0.32	0.04	0.49	-0.01	0.25	0.25	0.37		0.4	0.71	0.59	-0.47
Property Plant And Equipment Net	0.95	0.52	0.66	0.96	-0.54	-0.92	0.96	-0.1	0.99	0.83	-0.73	0.6	0.5	0.02	0.1	-0.09	0.99	0.34	0.85	0.95	0.95	0.4		0.23	0.96	-0.12
Net Debt	0.14	0.34	0.27	0.1	-0.93	0.11	0.0	-0.95	0.27	0.17	-0.15	0.3	0.45	-0.94	0.62	0.12	0.25	-0.1	-0.11	-0.07	0.01	0.71	0.23		0.29	-0.96
Non Current Assets Total	0.99	0.72	0.77	0.98	-0.56	-0.91	0.91	-0.09	0.99	0.69	-0.6	0.78	0.35	0.02	0.08	-0.09	0.99	0.32	0.85	0.92	0.96	0.59	0.96	0.29		-0.11
Cash And Short Term Investments	0.04	-0.09	-0.09	0.07	0.88	-0.24	0.09	0.99	-0.12	-0.19	0.17	-0.06	-0.55	0.98	-0.64	-0.14	-0.1	0.13	0.24	0.19	0.14	-0.47	-0.12	-0.96	-0.11

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Quantum Computing Account Relationship Matchups

Quantum Computing fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	148.2K	15.3M	17.3M	89.3M	78.7M	82.7M
Other Current Liab	980.7K	108.1K	3.4K	3.8M	661.2K	893.0K
Total Current Liabilities	3.0M	693.2K	1.1M	6.5M	4.6M	2.5M
Total Stockholder Equity	(2.8M)	14.6M	16.2M	74.9M	73.3M	76.9M
Net Tangible Assets	(2.8M)	14.6M	16.2M	(6.5M)	(7.4M)	(7.0M)
Retained Earnings	(28.8M)	(53.5M)	(81.4M)	(120.0M)	(149.7M)	(142.2M)
Accounts Payable	218.3K	366.7K	464.9K	871.9K	1.5M	1.5M
Cash	101.1K	15.2M	16.7M	3.8M	2.1M	2.0M
Total Liab	3.0M	693.2K	1.1M	14.4M	5.5M	3.4M
Total Current Assets	122.6K	15.2M	17.2M	4.1M	3.2M	5.0M
Short Term Debt	1.6M	218.4K	18.1K	1.9M	2.5M	2.6M
Common Stock	736.0	2.8K	2.9K	5.6K	7.7K	7.4K
Property Plant Equipment	25.6K	31.0K	41.3K	975.2K	1.1M	1.2M
Common Stock Total Equity	470.0	740.0	2.8	5.6K	6.4K	6.8K
Common Stock Shares Outstanding	7.4M	28.0M	29.2M	56.0M	77.5M	81.3M
Other Stockholder Equity	16.9M	47.7M	67.4M	151.2M	167.9M	176.3M
Short Long Term Debt Total	1.6M	218.4K	18.1K	9.5M	3.3M	3.3M
Property Plant And Equipment Net	25.6K	31.0K	41.3K	2.3M	3.7M	3.9M
Net Debt	1.5M	(15.0M)	(16.7M)	5.7M	1.3M	1.3M
Non Current Assets Total	25.6K	31.0K	41.3K	83.7M	75.5M	79.3M
Cash And Short Term Investments	101.1K	15.2M	16.7M	3.8M	2.1M	2.0M
Liabilities And Stockholders Equity	148.2K	15.3M	17.3M	89.3M	78.7M	82.7M
Non Current Liabilities Total	2.7B	585.1K	483.0K	7.9M	840.1K	798.1K
Other Current Assets	21.5K	40.8K	18.1K	42.1K	427.6K	449.0K
Property Plant And Equipment Gross	25.6K	30.96	59.7K	2.3M	3.9M	4.1M
Accumulated Other Comprehensive Income	9.0M	20.3M	30.2M	43.7M	55.0M	29.0M

Pair Trading with Quantum Computing

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

Moving against Quantum Stock

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0.5	DZSI	DZS Inc	Pair Corr
0.36	VIAV	Viavi Solutions Fiscal Year End 8th of August 2024	Pair Corr
0.36	VRME	VerifyMe	Pair Corr

The ability to find closely correlated positions to Quantum Computing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Quantum Computing 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 Quantum Computing - 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 Quantum Computing to buy it.

The correlation of Quantum Computing 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 Quantum Computing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Quantum Computing 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 Quantum Computing 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 Correlation Correlation Matching

Additional Tools for Quantum Stock Analysis

When running Quantum Computing's price analysis, check to measure Quantum Computing's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Quantum Computing is operating at the current time. Most of Quantum Computing's value examination focuses on studying past and present price action to predict the probability of Quantum Computing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quantum Computing's price. Additionally, you may evaluate how the addition of Quantum Computing to your portfolios can decrease your overall portfolio volatility.

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