Aurora Income Tax Expense vs Gross Profit Analysis

ACU Stock  CAD 0.03  0.01  25.00%   
Aurora Solar financial indicator trend analysis is way more than just evaluating Aurora Solar Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aurora Solar Technologies is a good investment. Please check the relationship between Aurora Solar Income Tax Expense and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Solar Technologies. 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.

Income Tax Expense vs Gross Profit

Income Tax Expense vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aurora Solar Technologies Income Tax Expense account and Gross Profit. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Aurora Solar's Income Tax Expense and Gross Profit is -0.3. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Aurora Solar Technologies, assuming nothing else is changed. The correlation between historical values of Aurora Solar's Income Tax Expense and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Aurora Solar Technologies are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Income Tax Expense i.e., Aurora Solar's Income Tax Expense and Gross Profit go up and down completely randomly.

Correlation Coefficient

-0.3
Relationship DirectionNegative 
Relationship StrengthInsignificant

Income Tax Expense

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Aurora Solar Technologies minus its cost of goods sold. It is profit before Aurora Solar operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most indicators from Aurora Solar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aurora Solar Technologies 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 Aurora Solar Technologies. 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.
At this time, Aurora Solar's Selling General Administrative is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 50.46 in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
 2021 2022 2023 2024 (projected)
Other Operating Expenses4.2M9.0M11.4M11.9M
Depreciation And Amortization148.2K495.9K519.4K545.4K

Aurora Solar fundamental ratios Correlations

0.980.990.93-0.78-0.90.990.850.990.850.820.960.030.981.0-0.280.350.970.830.980.970.970.91-0.77-0.380.94
0.980.940.89-0.73-0.820.970.790.980.790.80.920.081.00.98-0.210.281.00.840.980.920.920.85-0.83-0.470.98
0.990.940.92-0.81-0.930.970.870.970.870.830.97-0.010.950.99-0.320.370.930.790.960.990.970.91-0.71-0.30.89
0.930.890.92-0.64-0.920.930.740.940.740.620.980.040.910.92-0.250.590.870.840.890.920.970.99-0.76-0.470.78
-0.78-0.73-0.81-0.640.67-0.78-0.99-0.71-0.99-0.63-0.680.05-0.73-0.80.330.13-0.7-0.44-0.73-0.81-0.7-0.620.520.23-0.72
-0.9-0.82-0.93-0.920.67-0.91-0.75-0.9-0.75-0.71-0.97-0.04-0.84-0.90.41-0.56-0.81-0.78-0.88-0.92-0.97-0.930.570.19-0.73
0.990.970.970.93-0.78-0.910.850.980.850.810.960.090.970.98-0.30.320.950.780.980.950.960.92-0.73-0.410.91
0.850.790.870.74-0.99-0.750.850.791.00.650.77-0.040.80.86-0.33-0.010.760.530.790.870.790.73-0.59-0.290.76
0.990.980.970.94-0.71-0.90.980.790.790.790.960.050.990.98-0.240.390.980.850.990.950.970.92-0.78-0.390.94
0.850.790.870.74-0.99-0.750.851.00.790.650.77-0.040.80.86-0.33-0.010.760.530.790.870.790.73-0.59-0.290.76
0.820.80.830.62-0.63-0.710.810.650.790.650.74-0.020.790.83-0.250.130.790.530.820.80.750.61-0.47-0.040.8
0.960.920.970.98-0.68-0.970.960.770.960.770.740.040.930.96-0.320.540.90.840.940.961.00.97-0.73-0.340.83
0.030.08-0.010.040.05-0.040.09-0.040.05-0.04-0.020.040.080.03-0.370.070.070.250.05-0.08-0.010.03-0.11-0.260.06
0.981.00.950.91-0.73-0.840.970.80.990.80.790.930.080.98-0.220.311.00.850.980.930.940.88-0.82-0.470.97
1.00.980.990.92-0.8-0.90.980.860.980.860.830.960.030.98-0.290.330.960.820.970.980.960.9-0.77-0.380.93
-0.28-0.21-0.32-0.250.330.41-0.3-0.33-0.24-0.33-0.25-0.32-0.37-0.22-0.29-0.15-0.2-0.29-0.23-0.27-0.29-0.240.12-0.06-0.17
0.350.280.370.590.13-0.560.32-0.010.39-0.010.130.540.070.310.33-0.150.280.620.310.40.520.6-0.32-0.170.13
0.971.00.930.87-0.7-0.810.950.760.980.760.790.90.071.00.96-0.20.280.850.980.90.910.84-0.82-0.460.98
0.830.840.790.84-0.44-0.780.780.530.850.530.530.840.250.850.82-0.290.620.850.810.760.830.81-0.81-0.540.77
0.980.980.960.89-0.73-0.880.980.790.990.790.820.940.050.980.97-0.230.310.980.810.920.940.88-0.7-0.390.94
0.970.920.990.92-0.81-0.920.950.870.950.870.80.96-0.080.930.98-0.270.40.90.760.920.970.91-0.71-0.280.86
0.970.920.970.97-0.7-0.970.960.790.970.790.751.0-0.010.940.96-0.290.520.910.830.940.970.96-0.73-0.320.85
0.910.850.910.99-0.62-0.930.920.730.920.730.610.970.030.880.9-0.240.60.840.810.880.910.96-0.69-0.440.74
-0.77-0.83-0.71-0.760.520.57-0.73-0.59-0.78-0.59-0.47-0.73-0.11-0.82-0.770.12-0.32-0.82-0.81-0.7-0.71-0.73-0.690.63-0.82
-0.38-0.47-0.3-0.470.230.19-0.41-0.29-0.39-0.29-0.04-0.34-0.26-0.47-0.38-0.06-0.17-0.46-0.54-0.39-0.28-0.32-0.440.63-0.4
0.940.980.890.78-0.72-0.730.910.760.940.760.80.830.060.970.93-0.170.130.980.770.940.860.850.74-0.82-0.4
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Aurora Solar Account Relationship Matchups

Aurora Solar fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.6M3.8M3.2M9.4M10.2M10.7M
Total Current Liabilities750.2K673.0K476.5K3.6M4.2M4.4M
Total Stockholder Equity2.8M2.9M2.5M5.6M5.8M6.1M
Property Plant And Equipment Net126.2K382.5K434.6K475.7K644.6K676.8K
Net Debt(1.8M)(2.4M)116.2K(2.5M)(2.5M)(2.4M)
Retained Earnings(12.9M)(16.5M)(20.7M)(25.2M)(25.4M)(24.1M)
Accounts Payable457.1K566.7K382.3K1.2M1.1M1.2M
Cash1.8M2.8M201.7K2.8M2.9M3.0M
Non Current Assets Total372.2K632.1K694.9K2.0M2.2M2.3M
Cash And Short Term Investments1.8M2.8M201.7K2.8M2.9M3.0M
Net Receivables912.4K19.8K117.8K1.3M920.9K967.0K
Common Stock Shares Outstanding89.5M113.7M142.7M191.3M222.2M233.3M
Liabilities And Stockholders Equity3.6M3.8M3.2M9.4M10.2M10.7M
Other Stockholder Equity1.7M1.6M1.9M2.9M3.2M2.2M
Total Liab750.2K965.0K713.1K3.8M4.4M4.6M
Total Current Assets3.2M3.2M2.5M7.4M8.0M8.4M
Other Current Assets56.0K58.9K1.8M91.4K618.9K649.8K
Inventory389.0K333.7K323.7K3.2M3.6M3.8M
Other Current Liab34K22K395.3K362.2K552.0K579.6K
Intangible Assets171.4K197.5K202.1K886.3K740.5K777.5K
Net Tangible Assets2.6M2.7M2.3M4.1M4.7M4.9M
Common Stock14.1M17.5M20.5M27.7M31.9M33.5M
Property Plant Equipment126.2K382.5K434.6K475.7K547.1K574.5K
Non Currrent Assets Other74.6K52.1K58.1K52.1K(679.9K)(645.9K)
Other Assets74.6K52.1K58.1K52.1K1.00.95
Net Invested Capital2.8M2.9M2.5M5.7M5.9M3.7M
Net Working Capital2.4M2.5M2.0M3.7M3.8M2.7M
Capital Stock14.1M17.5M20.5M27.7M31.9M22.0M

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