Apple Earnings before Tax vs Average Assets Analysis

Earnings before Tax vs Average Assets

Earnings before Tax

Earnings Before Tax is calculated by adding Income Tax Expense back to Net Income.

Average Assets

Average asset value for the period used in calculation of Return on Average Equity and Return on Average Assets, derived from Total Assets.
Accounts Relationship
Earnings before Tax vs Average Assets

Significance: Totally Related

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

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong