Brilliant Net Income vs Income Tax Expense Analysis

BRLT Stock

USD 1.65 0.04 2.48%

Brilliant Earth financial indicator trend analysis is way more than just evaluating Brilliant Earth Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Brilliant Earth Group is a good investment. Please check the relationship between Brilliant Earth Net Income and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brilliant Earth Group. 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 economic analysis.

Net Income vs Income Tax Expense

Net Income vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Brilliant Earth Group Net Income account and Income Tax Expense. At this time, the significance of the direction appears to have pay attention.

The correlation between Brilliant Earth's Net Income and Income Tax Expense is -0.73. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Brilliant Earth Group, assuming nothing else is changed. The correlation between historical values of Brilliant Earth's Net Income 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 Net Income of Brilliant Earth Group 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 Net Income i.e., Brilliant Earth's Net Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

-0.73

Relationship Direction	Negative
Relationship Strength	Weak

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Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Brilliant Earth Group financial statement analysis. It represents the amount of money remaining after all of Brilliant Earth Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Income Tax Expense

Most indicators from Brilliant Earth's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Brilliant Earth Group 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Brilliant Earth Group. 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 economic analysis.

Tax Provision is likely to gain to about (416.1 K) in 2024. Selling General Administrative is likely to drop to about 86.2 M in 2024

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	860K	5.2M	8.9M	9.3M
Interest Income	7.6M	4.7M	5.4M	5.3M

Depreciation And Amortization Interest Income

Brilliant Earth fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab
Total Assets		0.93	1.0	0.95	0.98	0.96	0.98	0.85	0.99	-0.87	-0.34	0.98	0.87	0.84	0.92	0.68	0.98	-0.86	0.98	0.44	0.73	-0.7	0.98	0.89	0.98	0.6
Short Long Term Debt Total	0.93		0.92	0.82	0.88	0.84	0.88	0.88	0.91	-0.67	-0.49	0.87	0.89	0.83	0.91	0.9	0.87	-0.89	0.88	0.46	0.93	-0.44	0.94	0.85	0.9	0.83
Other Current Liab	1.0	0.92		0.94	0.97	0.95	0.97	0.86	0.99	-0.86	-0.39	0.97	0.88	0.82	0.92	0.67	0.97	-0.86	0.97	0.43	0.73	-0.68	0.98	0.87	0.97	0.6
Total Current Liabilities	0.95	0.82	0.94		0.97	0.99	0.97	0.72	0.98	-0.97	-0.13	0.99	0.75	0.71	0.82	0.53	0.99	-0.69	0.98	0.45	0.56	-0.87	0.89	0.79	0.97	0.4
Total Stockholder Equity	0.98	0.88	0.97	0.97		0.96	1.0	0.86	0.99	-0.92	-0.29	0.98	0.88	0.79	0.93	0.62	0.98	-0.84	1.0	0.58	0.65	-0.8	0.95	0.86	1.0	0.55
Other Liab	0.96	0.84	0.95	0.99	0.96		0.96	0.71	0.98	-0.96	-0.16	0.99	0.73	0.7	0.81	0.56	0.99	-0.68	0.96	0.4	0.61	-0.83	0.89	0.77	0.96	0.42
Net Tangible Assets	0.98	0.88	0.97	0.97	1.0	0.96		0.86	0.99	-0.92	-0.29	0.98	0.88	0.79	0.93	0.62	0.98	-0.84	1.0	0.58	0.65	-0.8	0.95	0.86	1.0	0.55
Property Plant And Equipment Net	0.85	0.88	0.86	0.72	0.86	0.71	0.86		0.82	-0.59	-0.67	0.77	1.0	0.77	0.99	0.73	0.77	-0.98	0.85	0.7	0.76	-0.44	0.9	0.8	0.85	0.82
Current Deferred Revenue	0.99	0.91	0.99	0.98	0.99	0.98	0.99	0.82		-0.91	-0.28	1.0	0.84	0.79	0.9	0.66	1.0	-0.8	0.99	0.47	0.7	-0.76	0.95	0.85	0.99	0.55
Net Debt	-0.87	-0.67	-0.86	-0.97	-0.92	-0.96	-0.92	-0.59	-0.91		-0.05	-0.94	-0.62	-0.61	-0.72	-0.35	-0.94	0.55	-0.92	-0.43	-0.37	0.95	-0.78	-0.7	-0.91	-0.2
Accounts Payable	-0.34	-0.49	-0.39	-0.13	-0.29	-0.16	-0.29	-0.67	-0.28	-0.05		-0.18	-0.64	-0.21	-0.56	-0.46	-0.18	0.61	-0.27	-0.34	-0.6	-0.19	-0.42	-0.21	-0.28	-0.71
Cash	0.98	0.87	0.97	0.99	0.98	0.99	0.98	0.77	1.0	-0.94	-0.18		0.79	0.77	0.86	0.62	1.0	-0.75	0.98	0.45	0.65	-0.81	0.93	0.84	0.99	0.48
Non Current Assets Total	0.87	0.89	0.88	0.75	0.88	0.73	0.88	1.0	0.84	-0.62	-0.64	0.79		0.79	0.99	0.73	0.79	-0.98	0.87	0.7	0.76	-0.47	0.91	0.82	0.87	0.8
Non Currrent Assets Other	0.84	0.83	0.82	0.71	0.79	0.7	0.79	0.77	0.79	-0.61	-0.21	0.77	0.79		0.81	0.71	0.77	-0.87	0.79	0.33	0.68	-0.42	0.9	0.99	0.79	0.62
Other Assets	0.92	0.91	0.92	0.82	0.93	0.81	0.93	0.99	0.9	-0.72	-0.56	0.86	0.99	0.81		0.71	0.86	-0.96	0.93	0.68	0.74	-0.58	0.94	0.85	0.93	0.75
Long Term Debt	0.68	0.9	0.67	0.53	0.62	0.56	0.62	0.73	0.66	-0.35	-0.46	0.62	0.73	0.71	0.71		0.62	-0.76	0.62	0.41	0.97	-0.1	0.73	0.69	0.65	0.93
Cash And Short Term Investments	0.98	0.87	0.97	0.99	0.98	0.99	0.98	0.77	1.0	-0.94	-0.18	1.0	0.79	0.77	0.86	0.62		-0.75	0.98	0.45	0.65	-0.81	0.93	0.84	0.99	0.48
Net Receivables	-0.86	-0.89	-0.86	-0.69	-0.84	-0.68	-0.84	-0.98	-0.8	0.55	0.61	-0.75	-0.98	-0.87	-0.96	-0.76	-0.75		-0.83	-0.59	-0.78	0.37	-0.92	-0.88	-0.83	-0.82
Common Stock Total Equity	0.98	0.88	0.97	0.98	1.0	0.96	1.0	0.85	0.99	-0.92	-0.27	0.98	0.87	0.79	0.93	0.62	0.98	-0.83		0.57	0.64	-0.8	0.95	0.86	1.0	0.54
Common Stock Shares Outstanding	0.44	0.46	0.43	0.45	0.58	0.4	0.58	0.7	0.47	-0.43	-0.34	0.45	0.7	0.33	0.68	0.41	0.45	-0.59	0.57		0.33	-0.47	0.43	0.36	0.58	0.54
Long Term Debt Total	0.73	0.93	0.73	0.56	0.65	0.61	0.65	0.76	0.7	-0.37	-0.6	0.65	0.76	0.68	0.74	0.97	0.65	-0.78	0.64	0.33		-0.1	0.77	0.67	0.67	0.93
Non Current Liabilities Total	-0.7	-0.44	-0.68	-0.87	-0.8	-0.83	-0.8	-0.44	-0.76	0.95	-0.19	-0.81	-0.47	-0.42	-0.58	-0.1	-0.81	0.37	-0.8	-0.47	-0.1		-0.59	-0.52	-0.79	0.02
Inventory	0.98	0.94	0.98	0.89	0.95	0.89	0.95	0.9	0.95	-0.78	-0.42	0.93	0.91	0.9	0.94	0.73	0.93	-0.92	0.95	0.43	0.77	-0.59		0.93	0.95	0.67
Other Current Assets	0.89	0.85	0.87	0.79	0.86	0.77	0.86	0.8	0.85	-0.7	-0.21	0.84	0.82	0.99	0.85	0.69	0.84	-0.88	0.86	0.36	0.67	-0.52	0.93		0.85	0.59
Other Stockholder Equity	0.98	0.9	0.97	0.97	1.0	0.96	1.0	0.85	0.99	-0.91	-0.28	0.99	0.87	0.79	0.93	0.65	0.99	-0.83	1.0	0.58	0.67	-0.79	0.95	0.85		0.57
Total Liab	0.6	0.83	0.6	0.4	0.55	0.42	0.55	0.82	0.55	-0.2	-0.71	0.48	0.8	0.62	0.75	0.93	0.48	-0.82	0.54	0.54	0.93	0.02	0.67	0.59	0.57

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Brilliant Net Income vs Income Tax Expense Analysis

Net Income vs Income Tax Expense

Net Income vs Income Tax Expense Correlation Analysis

Correlation Coefficient

Net Income

Income Tax Expense

Brilliant Earth fundamental ratios Correlations

Brilliant Earth Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Brilliant Stock Analysis

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Other Current Liab	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Common Stock Total Equity	+ 1.0	Total Stockholder Equity
Other Stockholder Equity	+ 1.0	Total Stockholder Equity
Common Stock Total Equity	+ 1.0	Net Tangible Assets
Other Stockholder Equity	+ 1.0	Net Tangible Assets

Net Receivables	- 0.98	Non Current Assets Total
Net Receivables	- 0.98	Property Plant And Equipment Net
Net Debt	- 0.97	Total Current Liabilities
Net Receivables	- 0.96	Other Assets
Net Debt	- 0.96	Other Liab
Cash And Short Term Investments	- 0.94	Net Debt