Threes Tax Provision vs Minority Interest Analysis

605168 Stock

34.60 0.34 0.97%

Threes Company financial indicator trend analysis is much more than just breaking down Threes Company prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Threes Company is a good investment. Please check the relationship between Threes Company Tax Provision and its Minority Interest accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Threes Company Media. 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.

Tax Provision vs Minority Interest

Tax Provision vs Minority Interest Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Threes Company Tax Provision account and Minority Interest. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Threes Company's Tax Provision and Minority Interest is -0.28. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Threes Company Media, assuming nothing else is changed. The correlation between historical values of Threes Company's Tax Provision and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Threes Company Media are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Tax Provision i.e., Threes Company's Tax Provision and Minority Interest go up and down completely randomly.

Correlation Coefficient

-0.28

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Threes Company Media whose combined shares represent less than 50% of the total outstanding shares issued by Threes Company have a minority interest in Threes Company.

Most indicators from Threes Company's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Threes Company 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 Threes Company Media. 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.

The current year's Selling General Administrative is expected to grow to about 376.5 M, whereas Tax Provision is forecasted to decline to about 54.4 M.

	2021	2022	2023	2024 (projected)
Gross Profit	755.3M	943.0M	935.3M	574.0M
Total Revenue	3.6B	5.7B	5.3B	2.9B

Gross Profit Total Revenue

Threes Company fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Long Term Debt	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Common Stock Shares Outstanding	Net Invested Capital	Non Current Liabilities Other
Total Assets		0.45	0.98	0.92	0.78	0.91	0.9	0.95	0.8	0.91	0.88	0.74	0.99	0.74	0.69	0.78	0.98	-0.08	0.77	1.0	0.79	0.96	0.86	0.67	0.9	0.69
Other Current Liab	0.45		0.52	0.24	-0.03	0.2	0.17	0.61	0.33	0.25	0.22	-0.14	0.47	-0.14	-0.23	0.84	0.49	0.07	-0.09	0.45	-0.01	0.22	0.11	-0.26	0.17	0.25
Total Current Liabilities	0.98	0.52		0.87	0.8	0.86	0.87	0.99	0.68	0.91	0.86	0.66	1.0	0.73	0.64	0.86	1.0	-0.11	0.76	0.97	0.82	0.92	0.85	0.61	0.86	0.61
Total Stockholder Equity	0.92	0.24	0.87		0.86	1.0	0.98	0.84	0.83	0.96	0.96	0.91	0.88	0.86	0.86	0.6	0.87	0.01	0.89	0.92	0.85	0.86	0.94	0.85	1.0	0.6
Other Liab	0.78	-0.03	0.8	0.86		0.88	0.94	0.74	0.49	0.93	0.91	0.88	0.81	0.98	0.93	0.47	0.81	-0.07	0.99	0.77	0.99	0.81	0.97	0.92	0.9	0.44
Net Tangible Assets	0.91	0.2	0.86	1.0	0.88		0.99	0.83	0.82	0.95	0.95	0.92	0.88	0.88	0.88	0.58	0.87	0.0	0.9	0.92	0.87	0.87	0.94	0.87	1.0	0.59
Retained Earnings	0.9	0.17	0.87	0.98	0.94	0.99		0.83	0.74	0.98	0.98	0.93	0.88	0.93	0.91	0.57	0.88	0.01	0.95	0.9	0.92	0.87	0.98	0.9	0.99	0.55
Accounts Payable	0.95	0.61	0.99	0.84	0.74	0.83	0.83		0.66	0.87	0.82	0.58	0.98	0.65	0.55	0.92	0.98	-0.1	0.68	0.94	0.76	0.86	0.8	0.53	0.82	0.59
Cash	0.8	0.33	0.68	0.83	0.49	0.82	0.74	0.66		0.64	0.67	0.71	0.7	0.5	0.58	0.46	0.68	0.12	0.54	0.84	0.47	0.72	0.6	0.57	0.78	0.67
Non Current Assets Total	0.91	0.25	0.91	0.96	0.93	0.95	0.98	0.87	0.64		0.99	0.86	0.91	0.9	0.85	0.67	0.91	-0.08	0.93	0.89	0.93	0.87	0.99	0.85	0.97	0.53
Other Assets	0.88	0.22	0.86	0.96	0.91	0.95	0.98	0.82	0.67	0.99		0.89	0.87	0.9	0.87	0.6	0.86	-0.02	0.92	0.87	0.89	0.84	0.98	0.87	0.97	0.52
Long Term Debt	0.74	-0.14	0.66	0.91	0.88	0.92	0.93	0.58	0.71	0.86	0.89		0.68	0.93	0.97	0.25	0.67	0.0	0.94	0.74	0.84	0.76	0.91	0.98	0.94	0.49
Net Receivables	0.99	0.47	1.0	0.88	0.81	0.88	0.88	0.98	0.7	0.91	0.87	0.68		0.74	0.66	0.83	1.0	-0.12	0.77	0.98	0.83	0.95	0.87	0.64	0.87	0.64
Non Current Liabilities Total	0.74	-0.14	0.73	0.86	0.98	0.88	0.93	0.65	0.5	0.9	0.9	0.93	0.74		0.97	0.35	0.74	-0.1	1.0	0.72	0.97	0.79	0.96	0.97	0.9	0.4
Inventory	0.69	-0.23	0.64	0.86	0.93	0.88	0.91	0.55	0.58	0.85	0.87	0.97	0.66	0.97		0.21	0.65	0.05	0.97	0.69	0.89	0.74	0.91	0.99	0.9	0.46
Other Current Assets	0.78	0.84	0.86	0.6	0.47	0.58	0.57	0.92	0.46	0.67	0.6	0.25	0.83	0.35	0.21		0.84	-0.08	0.39	0.76	0.51	0.62	0.56	0.18	0.56	0.44
Total Liab	0.98	0.49	1.0	0.87	0.81	0.87	0.88	0.98	0.68	0.91	0.86	0.67	1.0	0.74	0.65	0.84		-0.12	0.77	0.97	0.83	0.93	0.86	0.63	0.86	0.62
Deferred Long Term Liab	-0.08	0.07	-0.11	0.01	-0.07	0.0	0.01	-0.1	0.12	-0.08	-0.02	0.0	-0.12	-0.1	0.05	-0.08	-0.12		-0.05	-0.06	-0.16	-0.18	-0.07	-0.03	-0.01	-0.1
Short Long Term Debt	0.77	-0.09	0.76	0.89	0.99	0.9	0.95	0.68	0.54	0.93	0.92	0.94	0.77	1.0	0.97	0.39	0.77	-0.05		0.75	0.97	0.8	0.97	0.97	0.92	0.42
Total Current Assets	1.0	0.45	0.97	0.92	0.77	0.92	0.9	0.94	0.84	0.89	0.87	0.74	0.98	0.72	0.69	0.76	0.97	-0.06	0.75		0.78	0.95	0.84	0.67	0.9	0.7
Intangible Assets	0.79	-0.01	0.82	0.85	0.99	0.87	0.92	0.76	0.47	0.93	0.89	0.84	0.83	0.97	0.89	0.51	0.83	-0.16	0.97	0.78		0.83	0.96	0.89	0.89	0.41
Common Stock	0.96	0.22	0.92	0.86	0.81	0.87	0.87	0.86	0.72	0.87	0.84	0.76	0.95	0.79	0.74	0.62	0.93	-0.18	0.8	0.95	0.83		0.85	0.73	0.87	0.67
Property Plant Equipment	0.86	0.11	0.85	0.94	0.97	0.94	0.98	0.8	0.6	0.99	0.98	0.91	0.87	0.96	0.91	0.56	0.86	-0.07	0.97	0.84	0.96	0.85		0.91	0.96	0.49
Common Stock Shares Outstanding	0.67	-0.26	0.61	0.85	0.92	0.87	0.9	0.53	0.57	0.85	0.87	0.98	0.64	0.97	0.99	0.18	0.63	-0.03	0.97	0.67	0.89	0.73	0.91		0.89	0.39
Net Invested Capital	0.9	0.17	0.86	1.0	0.9	1.0	0.99	0.82	0.78	0.97	0.97	0.94	0.87	0.9	0.9	0.56	0.86	-0.01	0.92	0.9	0.89	0.87	0.96	0.89		0.58
Non Current Liabilities Other	0.69	0.25	0.61	0.6	0.44	0.59	0.55	0.59	0.67	0.53	0.52	0.49	0.64	0.4	0.46	0.44	0.62	-0.1	0.42	0.7	0.41	0.67	0.49	0.39	0.58

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Threes Company Account Relationship Matchups

Threes Company fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	849.5M	2.4B	3.2B	5.3B	4.9B	2.5B
Other Current Liab	57.2M	61.3M	126.3M	131.0M	6.6M	6.3M
Total Current Liabilities	459.1M	742.4M	1.2B	2.6B	1.8B	1.1B
Total Stockholder Equity	376.4M	1.7B	2.0B	2.6B	2.9B	3.1B
Other Liab	14M	402.3K	8.6M	54.4M	62.6M	65.7M
Net Tangible Assets	375.5M	1.7B	1.8B	2.5B	2.9B	3.1B
Retained Earnings	305.9M	565.1M	861.1M	1.4B	1.6B	1.7B
Accounts Payable	300.8M	620.0M	922.6M	2.0B	1.0B	751.6M
Cash	322.0M	1.1B	779.8M	559.0M	905.4M	581.3M
Non Current Assets Total	14.9M	149.9M	773.3M	1.3B	1.2B	1.3B
Other Assets	11.1M	27.5M	176.2M	207.6M	238.8M	250.7M
Net Receivables	471.2M	925.5M	1.4B	3.1B	2.4B	1.3B
Inventory	9.8M	7.8M	8.0M	15.4M	38.3M	40.2M
Other Current Assets	29.7M	41.6M	117.1M	240.2M	32.1M	30.5M
Total Liab	473.1M	742.8M	1.2B	2.7B	2.0B	1.1B
Deferred Long Term Liab	4.4M	3.1M	3.3M	2.0M	2.3M	3.2M
Short Long Term Debt	67M	20M	100M	379.7M	581.8M	610.9M
Total Current Assets	834.6M	2.3B	2.4B	4.0B	3.7B	2.0B
Intangible Assets	871.4K	1.3M	1.7M	30.3M	29.7M	31.2M
Property Plant Equipment	3.0M	3.2M	27.3M	52.4M	60.3M	63.3M
Net Invested Capital	443.4M	1.7B	2.1B	3.0B	3.6B	3.8B
Net Working Capital	375.5M	1.5B	1.2B	1.4B	1.9B	1.1B

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Other Information on Investing in Threes Stock

Balance Sheet is a snapshot of the financial position of Threes Company at a specified time, usually calculated after every quarter, six months, or one year. Threes Company Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Threes Company 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 Threes currently owns. An asset can also be divided into two categories, current and non-current.

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Threes Tax Provision vs Minority Interest Analysis

Tax Provision vs Minority Interest

Tax Provision vs Minority Interest Correlation Analysis

Correlation Coefficient

Tax Provision

Minority Interest

Threes Company fundamental ratios Correlations

Threes Company Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Threes Company fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in Threes Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Assets
Net Receivables	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Net Invested Capital	+ 1.0	Total Stockholder Equity
Net Invested Capital	+ 1.0	Net Tangible Assets

Common Stock Shares Outstanding	- 0.26	Other Current Liab
Inventory	- 0.23	Other Current Liab
Common Stock	- 0.18	Deferred Long Term Liab
Intangible Assets	- 0.16	Deferred Long Term Liab
Non Current Liabilities Total	- 0.14	Other Current Liab
Long Term Debt	- 0.14	Other Current Liab