RYAAY Stock | | | USD 44.25 0.19 0.43% |
Ryanair Holdings financial indicator trend analysis is much more than just breaking down Ryanair Holdings PLC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ryanair Holdings PLC is a good investment. Please check the relationship between Ryanair Holdings Income Before Tax and its Other Operating Expenses accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ryanair Holdings PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Income Before Tax vs Other Operating Expenses
Income Before Tax vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ryanair Holdings PLC Income Before Tax account and
Other Operating Expenses. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ryanair Holdings' Income Before Tax and Other Operating Expenses is 0.7. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Ryanair Holdings PLC, assuming nothing else is changed. The correlation between historical values of Ryanair Holdings' Income Before Tax and Other Operating Expenses 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 Ryanair Holdings PLC are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Income Before Tax i.e., Ryanair Holdings' Income Before Tax and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.7 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Ryanair Holdings income statement and is an important metric when analyzing Ryanair Holdings PLC 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.
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Ryanair Holdings PLC. It is also known as Ryanair Holdings overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from Ryanair Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ryanair Holdings PLC 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 Ryanair Holdings PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
At this time, Ryanair Holdings'
Tax Provision is fairly stable compared to the past year.
Enterprise Value is likely to rise to about 9.1
B in 2024, whereas
Selling General Administrative is likely to drop slightly above 157.6
M in 2024.
Ryanair Holdings fundamental ratios Correlations
Click cells to compare fundamentals
Ryanair Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ryanair Holdings fundamental ratios Accounts
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measure Ryanair Holdings' 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 Ryanair Holdings is operating at the current time. Most of Ryanair Holdings' value examination focuses on studying past and present price action to
predict the probability of Ryanair Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ryanair Holdings' price. Additionally, you may evaluate how the addition of Ryanair Holdings to your portfolios can decrease your overall portfolio volatility.