Advent Gross Profit vs Tax Provision Analysis

ADN Stock

USD 5.09 1.40 21.57%

Advent Technologies financial indicator trend analysis is way more than just evaluating Advent Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Advent Technologies is a good investment. Please check the relationship between Advent Technologies Gross Profit and its Tax Provision accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advent Technologies Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Gross Profit vs Tax Provision

Gross Profit vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Advent Technologies Gross Profit account and Tax Provision. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Advent Technologies' Gross Profit and Tax Provision is -0.08. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Advent Technologies Holdings, assuming nothing else is changed. The correlation between historical values of Advent Technologies' Gross Profit and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Advent Technologies Holdings are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Gross Profit i.e., Advent Technologies' Gross Profit and Tax Provision go up and down completely randomly.

Correlation Coefficient

-0.08

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Advent Technologies Holdings minus its cost of goods sold. It is profit before Advent Technologies 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.

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.

Most indicators from Advent Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Advent 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 Advent Technologies Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

At this time, Advent Technologies' Tax Provision is very stable compared to the past year. As of the 28th of November 2024, Issuance Of Capital Stock is likely to grow to about 9.5 M, while Selling General Administrative is likely to drop about 25 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	51.2M	45.8M	62.3M	35.5M
Cost Of Revenue	5.4M	8.6M	18.3M	19.2M

Total Operating Expenses Cost Of Revenue

Advent Technologies fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net
Total Assets		-0.39	-0.7	0.8	-0.84	-0.84	0.35	0.87	-0.79	-0.2	0.95	0.76	-0.37	-0.53	-0.12	0.86	0.06	-0.57	-0.27	-0.86	-0.02	-0.27	0.79	-0.84	-0.91	-0.89
Other Current Liab	-0.39		0.89	-0.32	0.73	0.73	-0.99	-0.38	0.78	0.93	-0.63	-0.65	-0.1	0.97	0.91	-0.63	-0.07	0.64	0.51	0.71	0.03	0.93	-0.59	0.73	0.25	0.48
Total Current Liabilities	-0.7	0.89		-0.56	0.91	0.92	-0.88	-0.66	0.97	0.82	-0.88	-0.81	0.03	0.96	0.74	-0.87	-0.1	0.85	0.67	0.9	0.01	0.86	-0.77	0.91	0.6	0.77
Total Stockholder Equity	0.8	-0.32	-0.56		-0.61	-0.63	0.25	0.59	-0.59	-0.15	0.76	0.91	-0.46	-0.38	-0.11	0.72	-0.55	-0.42	-0.18	-0.62	-0.62	-0.2	0.95	-0.61	-0.68	-0.65
Other Liab	-0.84	0.73	0.91	-0.61		1.0	-0.71	-0.9	0.95	0.56	-0.92	-0.81	-0.08	0.83	0.44	-0.79	-0.18	0.78	0.5	1.0	-0.08	0.62	-0.74	1.0	0.84	0.95
Net Tangible Assets	-0.84	0.73	0.92	-0.63	1.0		-0.71	-0.89	0.95	0.56	-0.93	-0.82	-0.07	0.83	0.45	-0.8	-0.16	0.78	0.51	1.0	-0.05	0.62	-0.75	1.0	0.84	0.95
Net Debt	0.35	-0.99	-0.88	0.25	-0.71	-0.71		0.34	-0.77	-0.95	0.61	0.59	0.11	-0.97	-0.93	0.62	0.15	-0.65	-0.55	-0.69	0.05	-0.95	0.53	-0.71	-0.22	-0.45
Retained Earnings	0.87	-0.38	-0.66	0.59	-0.9	-0.89	0.34		-0.78	-0.14	0.82	0.66	0.12	-0.53	-0.01	0.63	0.23	-0.56	-0.24	-0.91	0.15	-0.22	0.59	-0.9	-0.97	-0.98
Accounts Payable	-0.79	0.78	0.97	-0.59	0.95	0.95	-0.77	-0.78		0.68	-0.91	-0.8	0.02	0.9	0.57	-0.89	-0.16	0.83	0.63	0.94	-0.05	0.73	-0.75	0.95	0.74	0.86
Cash	-0.2	0.93	0.82	-0.15	0.56	0.56	-0.95	-0.14	0.68		-0.49	-0.5	-0.07	0.9	0.98	-0.57	-0.11	0.71	0.71	0.54	-0.02	1.0	-0.45	0.56	0.06	0.3
Non Current Assets Total	0.95	-0.63	-0.88	0.76	-0.92	-0.93	0.61	0.82	-0.91	-0.49		0.83	-0.3	-0.74	-0.41	0.94	0.09	-0.74	-0.47	-0.93	-0.01	-0.55	0.84	-0.92	-0.84	-0.89
Non Currrent Assets Other	0.76	-0.65	-0.81	0.91	-0.81	-0.82	0.59	0.66	-0.8	-0.5	0.83		-0.19	-0.7	-0.43	0.79	-0.42	-0.66	-0.44	-0.8	-0.51	-0.55	0.98	-0.81	-0.68	-0.75
Other Assets	-0.37	-0.1	0.03	-0.46	-0.08	-0.07	0.11	0.12	0.02	-0.07	-0.3	-0.19		-0.09	0.03	-0.48	0.27	-0.07	-0.08	-0.07	0.28	-0.07	-0.39	-0.08	0.04	-0.08
Cash And Short Term Investments	-0.53	0.97	0.96	-0.38	0.83	0.83	-0.97	-0.53	0.9	0.9	-0.74	-0.7	-0.09		0.85	-0.75	-0.16	0.73	0.59	0.82	-0.05	0.91	-0.63	0.83	0.41	0.62
Net Receivables	-0.12	0.91	0.74	-0.11	0.44	0.45	-0.93	-0.01	0.57	0.98	-0.41	-0.43	0.03	0.85		-0.52	-0.06	0.56	0.59	0.42	0.02	0.96	-0.41	0.44	-0.08	0.15
Common Stock Total Equity	0.86	-0.63	-0.87	0.72	-0.79	-0.8	0.62	0.63	-0.89	-0.57	0.94	0.79	-0.48	-0.75	-0.52		0.02	-0.71	-0.53	-0.8	-0.08	-0.62	0.84	-0.79	-0.66	-0.72
Non Current Liabilities Total	0.06	-0.07	-0.1	-0.55	-0.18	-0.16	0.15	0.23	-0.16	-0.11	0.09	-0.42	0.27	-0.16	-0.06	0.02		-0.15	-0.13	-0.19	0.99	-0.12	-0.45	-0.18	-0.13	-0.18
Inventory	-0.57	0.64	0.85	-0.42	0.78	0.78	-0.65	-0.56	0.83	0.71	-0.74	-0.66	-0.07	0.73	0.56	-0.71	-0.15		0.93	0.78	-0.05	0.77	-0.61	0.78	0.6	0.72
Other Current Assets	-0.27	0.51	0.67	-0.18	0.5	0.51	-0.55	-0.24	0.63	0.71	-0.47	-0.44	-0.08	0.59	0.59	-0.53	-0.13	0.93		0.5	-0.05	0.76	-0.4	0.5	0.3	0.42
Other Stockholder Equity	-0.86	0.71	0.9	-0.62	1.0	1.0	-0.69	-0.91	0.94	0.54	-0.93	-0.8	-0.07	0.82	0.42	-0.8	-0.19	0.78	0.5		-0.09	0.6	-0.74	1.0	0.86	0.96
Total Liab	-0.02	0.03	0.01	-0.62	-0.08	-0.05	0.05	0.15	-0.05	-0.02	-0.01	-0.51	0.28	-0.05	0.02	-0.08	0.99	-0.05	-0.05	-0.09		-0.03	-0.54	-0.08	-0.06	-0.09
Total Current Assets	-0.27	0.93	0.86	-0.2	0.62	0.62	-0.95	-0.22	0.73	1.0	-0.55	-0.55	-0.07	0.91	0.96	-0.62	-0.12	0.77	0.76	0.6	-0.03		-0.5	0.62	0.15	0.38
Common Stock	0.79	-0.59	-0.77	0.95	-0.74	-0.75	0.53	0.59	-0.75	-0.45	0.84	0.98	-0.39	-0.63	-0.41	0.84	-0.45	-0.61	-0.4	-0.74	-0.54	-0.5		-0.74	-0.64	-0.69
Property Plant Equipment	-0.84	0.73	0.91	-0.61	1.0	1.0	-0.71	-0.9	0.95	0.56	-0.92	-0.81	-0.08	0.83	0.44	-0.79	-0.18	0.78	0.5	1.0	-0.08	0.62	-0.74		0.84	0.95
Short Long Term Debt Total	-0.91	0.25	0.6	-0.68	0.84	0.84	-0.22	-0.97	0.74	0.06	-0.84	-0.68	0.04	0.41	-0.08	-0.66	-0.13	0.6	0.3	0.86	-0.06	0.15	-0.64	0.84		0.96
Property Plant And Equipment Net	-0.89	0.48	0.77	-0.65	0.95	0.95	-0.45	-0.98	0.86	0.3	-0.89	-0.75	-0.08	0.62	0.15	-0.72	-0.18	0.72	0.42	0.96	-0.09	0.38	-0.69	0.95	0.96

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Advent Technologies Account Relationship Matchups

Advent Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	226.0M	93.9M	163.0M	89.6M	34.7M	33.0M
Other Current Liab	1.3M	(258.3K)	13.8M	3.4M	4.0M	4.1M
Total Current Liabilities	1.3M	3.2M	18.9M	13.7M	11.9M	9.0M
Total Stockholder Equity	5.0M	5.0M	130.2M	64.1M	13.4M	12.8M
Net Debt	(20.4K)	2.7M	(79.6M)	(20.8M)	(18.7M)	(19.6M)
Retained Earnings	3.2M	2.2M	(33.4M)	(107.8M)	(179.2M)	(170.2M)
Accounts Payable	25.5K	881.4K	4.8M	4.7M	5.1M	2.9M
Cash	520.4K	24.9K	79.8M	32.9M	3.6M	3.4M
Non Current Assets Total	225.4M	93.3M	65.7M	40.1M	25.9M	24.6M
Non Currrent Assets Other	(85.0K)	91.4M	2.5M	6.0M	1.1M	1.0M
Cash And Short Term Investments	520.4K	24.9K	79.8M	32.9M	37.8M	25.1M
Net Receivables	368.4K	1.0M	9.2M	2.4M	191K	181.5K
Liabilities And Stockholders Equity	226.0M	93.9M	163.0M	89.6M	80.6M	127.1M
Non Current Liabilities Total	219.7M	85.7M	14.0M	11.8M	9.4M	8.9M
Inventory	32.4K	107.9K	7.0M	12.6M	2.7M	4.1M
Other Current Assets	57.1K	26.2K	1.5M	3.0M	10K	9.5K
Other Stockholder Equity	1.8M	11.0M	164.9M	174.5M	200.7M	210.7M
Total Liab	221.0M	88.9M	32.8M	25.4M	21.3M	20.2M
Total Current Assets	577.5K	582.5K	97.4M	49.5M	8.8M	8.4M
Common Stock	672.0	701.0	5.1K	5K	4.5K	4.3K

Pair Trading with Advent Technologies

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 Advent Technologies 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 Advent Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving together with Advent Stock

0.64	AY	Atlantica Sustainable	Pair Corr
0.7	ELLO	Ellomay Capital	Pair Corr

Moving against Advent Stock

0.75	NEP	Nextera Energy Partners Fiscal Year End 23rd of January 2025	Pair Corr
0.75	HTOOW	Fusion Fuel Green	Pair Corr
0.7	HTOO	Fusion Fuel Green Earnings Call This Week	Pair Corr
0.56	AQN	Algonquin Power Utilities	Pair Corr
0.53	RNW	Renew Energy Global	Pair Corr

The ability to find closely correlated positions to Advent Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advent Technologies 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 Advent Technologies - 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 Advent Technologies Holdings to buy it.

The correlation of Advent Technologies 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 Advent Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advent Technologies 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 Advent Technologies 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 Correlation Correlation Matching

When determining whether Advent Technologies is a strong investment it is important to analyze Advent Technologies' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Advent Technologies' future performance. For an informed investment choice regarding Advent Stock, refer to the following important reports:

How To Invest In Advent

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Is Advent Stock a good investment?

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What is Advent Technologies' Net Worth?

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Largest Semiconductors & Semiconductor Equipment Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advent Technologies Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Is Electric Utilities 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 Advent Technologies. If investors know Advent 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 Advent Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(25.90)

Revenue Per Share

2.998

Quarterly Revenue Growth

(0.28)

Return On Assets

(0.74)

Return On Equity

(3.13)

The market value of Advent Technologies is measured differently than its book value, which is the value of Advent that is recorded on the company's balance sheet. Investors also form their own opinion of Advent Technologies' value that differs from its market value or its book value, called intrinsic value, which is Advent Technologies' 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 Advent Technologies' market value can be influenced by many factors that don't directly affect Advent Technologies' 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 Advent Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Advent Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Advent Technologies' 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.

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Advent Gross Profit vs Tax Provision Analysis

Gross Profit vs Tax Provision

Gross Profit vs Tax Provision Correlation Analysis

Correlation Coefficient

Gross Profit

Tax Provision

Advent Technologies fundamental ratios Correlations

Advent Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Advent Technologies fundamental ratios Accounts

Pair Trading with Advent Technologies

Moving together with Advent Stock

Moving against Advent Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Tangible Assets	+ 1.0	Other Liab
Other Stockholder Equity	+ 1.0	Other Liab
Property Plant Equipment	+ 1.0	Other Liab
Other Stockholder Equity	+ 1.0	Net Tangible Assets
Property Plant Equipment	+ 1.0	Net Tangible Assets
Total Current Assets	+ 1.0	Cash

Net Debt	- 0.99	Other Current Liab
Property Plant And Equipment Net	- 0.98	Retained Earnings
Short Long Term Debt Total	- 0.97	Retained Earnings
Cash And Short Term Investments	- 0.97	Net Debt
Total Current Assets	- 0.95	Net Debt
Cash	- 0.95	Net Debt