Alliance Net Income From Continuing Ops vs Tax Provision Analysis

AENT Stock   6.53  0.34  5.49%   
Alliance Entertainment financial indicator trend analysis is way more than just evaluating Alliance Entertainment prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alliance Entertainment is a good investment. Please check the relationship between Alliance Entertainment Net Income From Continuing Ops and its Tax Provision accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alliance Entertainment Holding. 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 From Continuing Ops vs Tax Provision

Net Income From Continuing Ops vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alliance Entertainment Net Income From Continuing Ops account and Tax Provision. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Alliance Entertainment's Net Income From Continuing Ops and Tax Provision is 0.98. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Alliance Entertainment Holding, assuming nothing else is changed. The correlation between historical values of Alliance Entertainment's Net Income From Continuing Ops 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 Net Income From Continuing Ops of Alliance Entertainment Holding 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 Net Income From Continuing Ops i.e., Alliance Entertainment's Net Income From Continuing Ops and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.98
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Income From Continuing Ops

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 Alliance Entertainment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alliance Entertainment 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 Alliance Entertainment Holding. 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, Alliance Entertainment's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 14.13 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 2 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit182.4M103.9M104.7M106.3M
Total Revenue1.4B1.2B1.1B1.2B

Alliance Entertainment fundamental ratios Correlations

0.470.63-0.770.340.540.510.70.380.630.47-0.09-0.110.24-0.610.46-0.110.580.74-0.040.37-0.570.250.430.42-0.74
0.470.9-0.680.930.970.670.9-0.260.890.980.570.27-0.43-0.330.240.270.910.39-0.490.98-0.12-0.460.991.0-0.82
0.630.9-0.810.860.90.490.95-0.11.00.870.25-0.12-0.24-0.370.6-0.120.80.59-0.540.87-0.27-0.140.880.88-0.9
-0.77-0.68-0.81-0.46-0.81-0.73-0.93-0.48-0.81-0.730.030.07-0.270.66-0.580.07-0.75-0.94-0.03-0.580.75-0.23-0.63-0.630.98
0.340.930.86-0.460.820.410.76-0.550.850.850.580.16-0.61-0.170.220.160.790.14-0.770.950.17-0.540.950.95-0.64
0.540.970.9-0.810.820.720.94-0.050.90.990.470.2-0.29-0.350.380.20.880.55-0.310.94-0.3-0.340.940.95-0.9
0.510.670.49-0.730.410.720.730.340.480.70.390.60.1-0.77-0.120.60.860.620.230.54-0.55-0.160.640.63-0.75
0.70.90.95-0.930.760.940.730.130.940.90.230.04-0.05-0.560.490.040.890.75-0.280.83-0.49-0.070.860.86-0.99
0.38-0.26-0.1-0.48-0.55-0.050.340.13-0.1-0.15-0.58-0.170.87-0.510.26-0.17-0.040.740.81-0.39-0.890.74-0.34-0.33-0.29
0.630.891.0-0.810.850.90.480.94-0.10.860.23-0.14-0.23-0.360.61-0.140.790.59-0.550.86-0.27-0.130.870.87-0.9
0.470.980.87-0.730.850.990.70.9-0.150.860.580.28-0.4-0.290.30.280.870.45-0.360.96-0.19-0.460.960.97-0.85
-0.090.570.250.030.580.470.390.23-0.580.230.580.78-0.840.04-0.390.780.52-0.33-0.340.620.52-0.970.60.63-0.14
-0.110.27-0.120.070.160.20.60.04-0.17-0.140.280.78-0.38-0.3-0.761.00.45-0.210.180.230.21-0.670.30.3-0.01
0.24-0.43-0.24-0.27-0.61-0.290.1-0.050.87-0.23-0.4-0.84-0.38-0.420.16-0.38-0.230.580.68-0.56-0.810.93-0.48-0.51-0.08
-0.61-0.33-0.370.66-0.17-0.35-0.77-0.56-0.51-0.36-0.290.04-0.3-0.420.05-0.3-0.68-0.7-0.21-0.150.63-0.27-0.32-0.280.62
0.460.240.6-0.580.220.38-0.120.490.260.610.3-0.39-0.760.160.05-0.760.070.58-0.220.27-0.40.40.180.21-0.53
-0.110.27-0.120.070.160.20.60.04-0.17-0.140.280.781.0-0.38-0.3-0.760.45-0.210.180.230.21-0.670.30.3-0.01
0.580.910.8-0.750.790.880.860.89-0.040.790.870.520.45-0.23-0.680.070.450.52-0.290.82-0.28-0.340.910.89-0.85
0.740.390.59-0.940.140.550.620.750.740.590.45-0.33-0.210.58-0.70.58-0.210.520.290.26-0.920.530.320.31-0.84
-0.04-0.49-0.54-0.03-0.77-0.310.23-0.280.81-0.55-0.36-0.340.180.68-0.21-0.220.18-0.290.29-0.58-0.570.44-0.55-0.530.14
0.370.980.87-0.580.950.940.540.83-0.390.860.960.620.23-0.56-0.150.270.230.820.26-0.580.02-0.560.980.99-0.74
-0.57-0.12-0.270.750.17-0.3-0.55-0.49-0.89-0.27-0.190.520.21-0.810.63-0.40.21-0.28-0.92-0.570.02-0.7-0.05-0.030.62
0.25-0.46-0.14-0.23-0.54-0.34-0.16-0.070.74-0.13-0.46-0.97-0.670.93-0.270.4-0.67-0.340.530.44-0.56-0.7-0.51-0.54-0.05
0.430.990.88-0.630.950.940.640.86-0.340.870.960.60.3-0.48-0.320.180.30.910.32-0.550.98-0.05-0.511.0-0.78
0.421.00.88-0.630.950.950.630.86-0.330.870.970.630.3-0.51-0.280.210.30.890.31-0.530.99-0.03-0.541.0-0.78
-0.74-0.82-0.90.98-0.64-0.9-0.75-0.99-0.29-0.9-0.85-0.14-0.01-0.080.62-0.53-0.01-0.85-0.840.14-0.740.62-0.05-0.78-0.78
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Alliance Entertainment Account Relationship Matchups

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