DIT Stock | | | USD 135.01 2.02 1.47% |
AMCON Distributing financial indicator trend analysis is way more than just evaluating AMCON Distributing prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AMCON Distributing is a good investment. Please check the relationship between AMCON Distributing Income Before Tax and its Extraordinary Items accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in AMCON Distributing. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
For more information on how to buy AMCON Stock please use our
How to Invest in AMCON Distributing guide.
Income Before Tax vs Extraordinary Items
Income Before Tax vs Extraordinary Items Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
AMCON Distributing Income Before Tax account and
Extraordinary Items. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between AMCON Distributing's Income Before Tax and Extraordinary Items is -0.37. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Extraordinary Items in the same time period over historical financial statements of AMCON Distributing, assuming nothing else is changed. The correlation between historical values of AMCON Distributing's Income Before Tax and Extraordinary Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of AMCON Distributing are associated (or correlated) with its Extraordinary Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Extraordinary Items has no effect on the direction of Income Before Tax i.e., AMCON Distributing's Income Before Tax and Extraordinary Items go up and down completely randomly.
Correlation Coefficient | -0.37 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on AMCON Distributing income statement and is an important metric when analyzing AMCON Distributing 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.
Extraordinary Items
Most indicators from AMCON Distributing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AMCON Distributing 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in AMCON Distributing. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
For more information on how to buy AMCON Stock please use our
How to Invest in AMCON Distributing guide.At this time, AMCON Distributing's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 3.9
M in 2024, whereas
Enterprise Value Over EBITDA is likely to drop 5.68 in 2024.
AMCON Distributing fundamental ratios Correlations
Click cells to compare fundamentals
AMCON Distributing Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AMCON Distributing fundamental ratios Accounts
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Additional Tools for AMCON Stock Analysis
When running AMCON Distributing's price analysis, check to
measure AMCON Distributing'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 AMCON Distributing is operating at the current time. Most of AMCON Distributing's value examination focuses on studying past and present price action to
predict the probability of AMCON Distributing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AMCON Distributing's price. Additionally, you may evaluate how the addition of AMCON Distributing to your portfolios can decrease your overall portfolio volatility.