Double Net Income vs Income Tax Expense Analysis

002901 Stock

32.77 0.37 1.14%

Double Medical financial indicator trend analysis is much more than just examining Double Medical Technology latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Double Medical Technology is a good investment. Please check the relationship between Double Medical Net Income and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Double Medical Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Income vs Income Tax Expense

Net Income vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Double Medical Technology Net Income account and Income Tax Expense. At this time, the significance of the direction appears to have very week relationship.

The correlation between Double Medical's Net Income and Income Tax Expense is 0.23. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Double Medical Technology, assuming nothing else is changed. The correlation between historical values of Double Medical's Net Income and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Double Medical Technology are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Net Income i.e., Double Medical's Net Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.23

Relationship Direction	Positive
Relationship Strength	Very Weak

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Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Double Medical Technology financial statement analysis. It represents the amount of money remaining after all of Double Medical Technology operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Income Tax Expense

Most indicators from Double Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Double Medical Technology 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Double Medical Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

As of December 2, 2024, Tax Provision is expected to decline to about 12.7 M. In addition to that, Selling General Administrative is expected to decline to about 440.3 M

	2021	2022	2023	2024 (projected)
Net Interest Income	13.7M	17.6M	22.4M	16.3M
Tax Provision	111.0M	37.9M	13.4M	12.7M

Net Interest Income Tax Provision

Double Medical fundamental ratios Correlations

	Other Liab	Net Tangible Assets	Retained Earnings	Other Assets	Other Stockholder Equity	Deferred Long Term Liab	Common Stock	Property Plant Equipment	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Intangible Assets	Common Stock Shares Outstanding	Short Term Investments
Other Liab		0.87	0.88	0.8	-0.78	0.64	0.74	0.91	0.88	0.36	0.77	0.87	0.91	0.71	0.86	-0.65	0.86	0.66	0.56	0.86	-0.06	0.74	0.87	0.8	0.39	0.84
Net Tangible Assets	0.87		0.97	0.76	-0.78	0.74	0.89	0.95	0.97	0.32	0.79	0.98	0.92	0.89	0.9	-0.9	0.87	0.79	0.56	0.91	0.27	0.75	0.98	0.84	0.42	0.84
Retained Earnings	0.88	0.97		0.75	-0.84	0.74	0.82	0.93	0.93	0.48	0.79	0.95	0.93	0.78	0.86	-0.87	0.95	0.77	0.52	0.86	0.24	0.74	0.95	0.88	0.44	0.93
Other Assets	0.8	0.76	0.75		-0.45	0.75	0.75	0.77	0.8	0.18	0.83	0.79	0.86	0.73	0.78	-0.61	0.76	0.68	0.67	0.77	0.05	0.8	0.79	0.57	0.62	0.64
Other Stockholder Equity	-0.78	-0.78	-0.84	-0.45		-0.68	-0.64	-0.8	-0.8	-0.31	-0.73	-0.82	-0.78	-0.56	-0.77	0.69	-0.82	-0.67	-0.54	-0.77	-0.03	-0.7	-0.8	-0.93	-0.5	-0.89
Deferred Long Term Liab	0.64	0.74	0.74	0.75	-0.68		0.77	0.81	0.86	-0.01	0.94	0.84	0.83	0.67	0.89	-0.63	0.74	0.92	0.83	0.86	0.05	0.93	0.84	0.83	0.79	0.75
Common Stock	0.74	0.89	0.82	0.75	-0.64	0.77		0.81	0.9	0.04	0.88	0.89	0.76	0.93	0.85	-0.87	0.65	0.69	0.81	0.86	0.3	0.87	0.92	0.68	0.6	0.67
Property Plant Equipment	0.91	0.95	0.93	0.77	-0.8	0.81	0.81		0.97	0.3	0.82	0.96	0.96	0.78	0.97	-0.73	0.89	0.89	0.59	0.96	0.09	0.78	0.96	0.92	0.41	0.88
Total Assets	0.88	0.97	0.93	0.8	-0.8	0.86	0.9	0.97		0.17	0.89	0.99	0.95	0.88	0.98	-0.82	0.85	0.87	0.71	0.98	0.16	0.86	1.0	0.89	0.55	0.84
Other Current Liab	0.36	0.32	0.48	0.18	-0.31	-0.01	0.04	0.3	0.17		0.01	0.2	0.29	-0.04	0.08	-0.26	0.58	0.11	-0.3	0.04	0.19	-0.06	0.2	0.28	-0.28	0.57
Total Current Liabilities	0.77	0.79	0.79	0.83	-0.73	0.94	0.88	0.82	0.89	0.01		0.87	0.83	0.76	0.89	-0.69	0.74	0.79	0.92	0.88	0.07	1.0	0.88	0.79	0.83	0.76
Total Stockholder Equity	0.87	0.98	0.95	0.79	-0.82	0.84	0.89	0.96	0.99	0.2	0.87		0.95	0.89	0.95	-0.87	0.87	0.85	0.66	0.96	0.2	0.83	1.0	0.89	0.56	0.84
Accounts Payable	0.91	0.92	0.93	0.86	-0.78	0.83	0.76	0.96	0.95	0.29	0.83	0.95		0.77	0.94	-0.73	0.93	0.86	0.58	0.93	0.03	0.79	0.94	0.89	0.52	0.87
Cash	0.71	0.89	0.78	0.73	-0.56	0.67	0.93	0.78	0.88	-0.04	0.76	0.89	0.77		0.81	-0.87	0.6	0.63	0.66	0.85	0.41	0.74	0.9	0.6	0.52	0.54
Non Current Assets Total	0.86	0.9	0.86	0.78	-0.77	0.89	0.85	0.97	0.98	0.08	0.89	0.95	0.94	0.81		-0.69	0.81	0.92	0.73	1.0	0.04	0.87	0.96	0.9	0.55	0.81
Non Currrent Assets Other	-0.65	-0.9	-0.87	-0.61	0.69	-0.63	-0.87	-0.73	-0.82	-0.26	-0.69	-0.87	-0.73	-0.87	-0.69		-0.72	-0.59	-0.51	-0.71	-0.44	-0.66	-0.87	-0.67	-0.49	-0.69
Net Receivables	0.86	0.87	0.95	0.76	-0.82	0.74	0.65	0.89	0.85	0.58	0.74	0.87	0.93	0.6	0.81	-0.72		0.78	0.43	0.78	0.08	0.69	0.86	0.88	0.43	0.96
Good Will	0.66	0.79	0.77	0.68	-0.67	0.92	0.69	0.89	0.87	0.11	0.79	0.85	0.86	0.63	0.92	-0.59	0.78		0.61	0.88	0.01	0.77	0.84	0.88	0.5	0.78
Non Current Liabilities Total	0.56	0.56	0.52	0.67	-0.54	0.83	0.81	0.59	0.71	-0.3	0.92	0.66	0.58	0.66	0.73	-0.51	0.43	0.61		0.74	0.02	0.95	0.69	0.57	0.86	0.5
Inventory	0.86	0.91	0.86	0.77	-0.77	0.86	0.86	0.96	0.98	0.04	0.88	0.96	0.93	0.85	1.0	-0.71	0.78	0.88	0.74		0.06	0.87	0.96	0.88	0.55	0.78
Other Current Assets	-0.06	0.27	0.24	0.05	-0.03	0.05	0.3	0.09	0.16	0.19	0.07	0.2	0.03	0.41	0.04	-0.44	0.08	0.01	0.02	0.06		0.06	0.21	-0.02	0.05	0.04
Total Liab	0.74	0.75	0.74	0.8	-0.7	0.93	0.87	0.78	0.86	-0.06	1.0	0.83	0.79	0.74	0.87	-0.66	0.69	0.77	0.95	0.87	0.06		0.85	0.75	0.85	0.72
Total Current Assets	0.87	0.98	0.95	0.79	-0.8	0.84	0.92	0.96	1.0	0.2	0.88	1.0	0.94	0.9	0.96	-0.87	0.86	0.84	0.69	0.96	0.21	0.85		0.88	0.55	0.84
Intangible Assets	0.8	0.84	0.88	0.57	-0.93	0.83	0.68	0.92	0.89	0.28	0.79	0.89	0.89	0.6	0.9	-0.67	0.88	0.88	0.57	0.88	-0.02	0.75	0.88		0.48	0.93
Common Stock Shares Outstanding	0.39	0.42	0.44	0.62	-0.5	0.79	0.6	0.41	0.55	-0.28	0.83	0.56	0.52	0.52	0.55	-0.49	0.43	0.5	0.86	0.55	0.05	0.85	0.55	0.48		0.43
Short Term Investments	0.84	0.84	0.93	0.64	-0.89	0.75	0.67	0.88	0.84	0.57	0.76	0.84	0.87	0.54	0.81	-0.69	0.96	0.78	0.5	0.78	0.04	0.72	0.84	0.93	0.43

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Double Medical Account Relationship Matchups

Double Medical fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Liab	30.7M	59.6M	61.8M	56.1M	64.5M	48.1M
Net Tangible Assets	1.4B	1.7B	2.0B	2.3B	2.6B	1.5B
Retained Earnings	891.0M	1.3B	1.6B	1.2B	1.3B	920.1M
Other Assets	6.6M	100.9M	9.4M	66.4M	76.4M	80.2M
Other Stockholder Equity	(134.0K)	112.6K	(2.5M)	(1.7M)	(1.5M)	(1.4M)
Deferred Long Term Liab	3.1M	2.8M	2.4M	57.3M	65.9M	69.2M
Common Stock	401.9M	402.3M	402.2M	405.1M	465.9M	429.3M
Property Plant Equipment	276.9M	443.0M	513.7M	698.7M	803.5M	402.2M
Total Assets	2.2B	2.6B	3.4B	3.9B	4.6B	2.8B
Other Current Liab	153.0M	180.8M	289.1M	16.7M	21.3M	20.3M
Total Current Liabilities	425.8M	441.8M	721.8M	716.6M	1.2B	1.2B
Total Stockholder Equity	1.7B	2.1B	2.5B	3.0B	3.1B	2.2B
Accounts Payable	211.1M	179.8M	296.3M	345.4M	281.6M	193.5M
Cash	764.6M	562.9M	410.2M	992.7M	1.2B	737.2M
Non Current Assets Total	591.1M	663.4M	984.8M	1.2B	1.5B	799.6M
Non Currrent Assets Other	93.7M	676.2K	899.5K	4.7M	1.9M	1.8M
Net Receivables	242.7M	290.9M	467.8M	324.7M	242.4M	245.0M
Non Current Liabilities Total	59.6M	61.8M	69.7M	114.5M	325.4M	341.7M
Inventory	457.1M	542.0M	670.2M	987.4M	1.2B	615.0M
Other Current Assets	24.6M	21.7M	36.0M	13.0M	26.1M	28.8M
Total Liab	485.3M	503.7M	791.5M	831.1M	1.5B	1.6B
Total Current Assets	1.6B	2.0B	2.4B	2.7B	3.2B	2.0B
Intangible Assets	28.7M	121.7M	148.6M	143.2M	136.9M	93.4M
Common Stock Shares Outstanding	402.3M	402.2M	405.1M	417.1M	414.0M	446.7M
Short Term Investments	158.7M	504.0M	769.7M	358.7M	433.2M	350.3M
Net Invested Capital	1.7B	2.1B	2.5B	3.0B	3.6B	2.5B
Net Working Capital	1.2B	1.5B	1.7B	2.0B	2.0B	1.7B
Capital Stock	402.3M	402.2M	405.1M	414.0M	476.1M	447.3M

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Other Information on Investing in Double Stock

Balance Sheet is a snapshot of the financial position of Double Medical Technology at a specified time, usually calculated after every quarter, six months, or one year. Double Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Double Medical and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Double currently owns. An asset can also be divided into two categories, current and non-current.

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Double Net Income vs Income Tax Expense Analysis

Net Income vs Income Tax Expense

Net Income vs Income Tax Expense Correlation Analysis

Correlation Coefficient

Net Income

Income Tax Expense

Double Medical fundamental ratios Correlations

Double Medical Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Double Medical fundamental ratios Accounts

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Other Information on Investing in Double Stock

COMMON DESTINATIONS

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COMPANY

Total Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Total Stockholder Equity
Inventory	+ 1.0	Non Current Assets Total
Total Stockholder Equity	+ 0.99	Total Assets
Total Stockholder Equity	+ 0.98	Net Tangible Assets

Intangible Assets	- 0.93	Other Stockholder Equity
Non Currrent Assets Other	- 0.9	Net Tangible Assets
Short Term Investments	- 0.89	Other Stockholder Equity
Total Current Assets	- 0.87	Non Currrent Assets Other
Non Currrent Assets Other	- 0.87	Cash
Non Currrent Assets Other	- 0.87	Total Stockholder Equity