Columbus Income Tax Expense from 2010 to 2024

CMCO Stock  USD 40.41  0.22  0.55%   
Columbus McKinnon Income Tax Expense yearly trend continues to be very stable with very little volatility. Income Tax Expense is likely to drop to about 11.3 M. During the period from 2010 to 2024, Columbus McKinnon Income Tax Expense quarterly data regression pattern had range of 63.3 M and standard deviation of  14,294,655. View All Fundamentals
 
Income Tax Expense  
First Reported
1995-12-31
Previous Quarter
3.4 M
Current Value
-4.9 M
Quarterly Volatility
7.1 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Columbus McKinnon financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Columbus McKinnon's main balance sheet or income statement drivers, such as Depreciation And Amortization of 23.8 M, Interest Expense of 39.9 M or Selling General Administrative of 74.7 M, as well as many indicators such as Price To Sales Ratio of 1.28, Dividend Yield of 0.0127 or PTB Ratio of 1.3. Columbus financial statements analysis is a perfect complement when working with Columbus McKinnon Valuation or Volatility modules.
  
Check out the analysis of Columbus McKinnon Correlation against competitors.
To learn how to invest in Columbus Stock, please use our How to Invest in Columbus McKinnon guide.

Latest Columbus McKinnon's Income Tax Expense Growth Pattern

Below is the plot of the Income Tax Expense of Columbus McKinnon over the last few years. It is Columbus McKinnon's Income Tax Expense historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Columbus McKinnon's overall financial position and show how it may be relating to other accounts over time.
Income Tax Expense10 Years Trend
Slightly volatile
   Income Tax Expense   
       Timeline  

Columbus Income Tax Expense Regression Statistics

Arithmetic Mean8,971,495
Coefficient Of Variation159.33
Mean Deviation8,033,929
Median10,321,000
Standard Deviation14,294,655
Sample Variance204.3T
Range63.3M
R-Value0.40
Mean Square Error185.5T
R-Squared0.16
Significance0.14
Slope1,265,782
Total Sum of Squares2860.7T

Columbus Income Tax Expense History

202411.3 M
202314.9 M
202226 M
20218.8 M
2020970 K
201917.5 M
201810.3 M

About Columbus McKinnon Financial Statements

Columbus McKinnon investors utilize fundamental indicators, such as Income Tax Expense, to predict how Columbus Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Income Tax Expense14.9 M11.3 M

Pair Trading with Columbus McKinnon

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Columbus McKinnon position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Columbus McKinnon will appreciate offsetting losses from the drop in the long position's value.

Moving together with Columbus Stock

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Moving against Columbus Stock

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The ability to find closely correlated positions to Columbus McKinnon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Columbus McKinnon when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Columbus McKinnon - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Columbus McKinnon to buy it.
The correlation of Columbus McKinnon is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Columbus McKinnon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Columbus McKinnon moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Columbus McKinnon can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Columbus McKinnon offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Columbus McKinnon's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Columbus Mckinnon Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Columbus Mckinnon Stock:
Check out the analysis of Columbus McKinnon Correlation against competitors.
To learn how to invest in Columbus Stock, please use our How to Invest in Columbus McKinnon guide.
You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Columbus McKinnon. If investors know Columbus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Columbus McKinnon listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.07)
Dividend Share
0.28
Earnings Share
0.52
Revenue Per Share
34.771
Quarterly Revenue Growth
(0.06)
The market value of Columbus McKinnon is measured differently than its book value, which is the value of Columbus that is recorded on the company's balance sheet. Investors also form their own opinion of Columbus McKinnon's value that differs from its market value or its book value, called intrinsic value, which is Columbus McKinnon's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Columbus McKinnon's market value can be influenced by many factors that don't directly affect Columbus McKinnon's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Columbus McKinnon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Columbus McKinnon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Columbus McKinnon's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.