BlackLine Earnings before Tax vs Invested Capital Average Analysis

BL -- USA Stock  

USD 45.38  3.24  6.66%

BlackLine financial indicator trend analysis is way more than just evaluating BlackLine prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BlackLine is a good investment. Please check the relationship between BlackLine Earnings before Tax and its Invested Capital Average accounts. Check also Trending Equities.

Earnings before Tax vs Invested Capital Average

Accounts Relationship

Earnings before Tax vs Invested Capital Average

Significance: No Relationship

Earnings before Tax diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of BlackLine Earnings before Tax account and Invested Capital Average

Correlation Coefficient

0.0
Relationship DirectionFlat 
Relationship StrengthInsignificant

Earnings before Tax

Earnings Before Tax is calculated by adding [TaxExp] back to [NetInc].

Invested Capital Average

Average invested capital value for the period used in the calculation of Return on Invested Capital; and derived from [InvCap]. Invested capital is an input into the calculation of Return on Invested Capital; and is calculated as: [Debt] plus [Assets] minus [Intangibles] minus [CashnEq] minus [LiabilitiesC]. Please note this calculation method is subject to change.
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