CannBioRx Gross Profit vs Tax Provision Analysis

ATNFW Stock  USD 0.01  0  22.64%   
CannBioRx Life financial indicator trend analysis is way more than just evaluating CannBioRx Life Sciences prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CannBioRx Life Sciences is a good investment. Please check the relationship between CannBioRx Life Gross Profit and its Tax Provision accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CannBioRx Life Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

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 CannBioRx Life Sciences Gross Profit account and Tax Provision. At this time, the significance of the direction appears to have strong relationship.
The correlation between CannBioRx Life's Gross Profit and Tax Provision is 0.61. 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 CannBioRx Life Sciences, assuming nothing else is changed. The correlation between historical values of CannBioRx Life's 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 CannBioRx Life Sciences 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., CannBioRx Life's Gross Profit and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.61
Relationship DirectionPositive 
Relationship StrengthSignificant

Gross Profit

Gross profit is a required income statement account that reflects total revenue of CannBioRx Life Sciences minus its cost of goods sold. It is profit before CannBioRx Life 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 CannBioRx Life's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CannBioRx Life Sciences 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 CannBioRx Life Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
Selling General Administrative is likely to drop to about 7.6 M in 2024. Tax Provision is likely to climb to about (3.1 M) in 2024
 2021 2022 2023 2024 (projected)
Research Development3.9M2.4M2.8M2.7M
Depreciation And Amortization116.3K109.0K105.7K101.1K

CannBioRx Life fundamental ratios Correlations

0.250.430.090.870.690.440.130.880.850.280.030.080.05-0.080.17-0.080.220.030.130.10.220.240.220.340.07
0.250.84-0.52-0.210.570.970.720.52-0.250.89-0.170.62-0.61-0.820.64-0.8-0.20.75-0.30.080.86-0.11-0.140.680.75
0.430.84-0.24-0.070.530.910.550.63-0.10.78-0.050.47-0.37-0.640.41-0.640.140.55-0.060.030.660.180.230.670.48
0.09-0.52-0.240.25-0.63-0.42-0.72-0.180.29-0.370.39-0.670.980.89-0.10.890.89-0.940.910.45-0.420.890.70.22-0.8
0.87-0.21-0.070.250.46-0.04-0.150.61.0-0.130.03-0.160.270.28-0.110.290.19-0.280.180.04-0.150.170.14-0.02-0.2
0.690.570.53-0.630.460.650.560.830.420.43-0.150.46-0.68-0.710.24-0.71-0.460.71-0.51-0.170.43-0.44-0.30.080.56
0.440.970.91-0.42-0.040.650.690.65-0.080.88-0.160.59-0.52-0.760.64-0.74-0.060.67-0.220.110.850.00.040.720.68
0.130.720.55-0.72-0.150.560.690.22-0.220.8-0.770.99-0.71-0.810.15-0.76-0.370.78-0.74-0.520.78-0.47-0.180.290.92
0.880.520.63-0.180.60.830.650.220.590.340.220.11-0.29-0.420.43-0.43-0.020.370.030.250.380.040.010.330.18
0.85-0.25-0.10.291.00.42-0.08-0.220.59-0.180.08-0.220.310.32-0.110.320.2-0.320.220.07-0.20.190.14-0.04-0.25
0.280.890.78-0.37-0.130.430.880.80.34-0.18-0.470.75-0.4-0.630.4-0.59-0.020.56-0.31-0.180.820.050.050.780.81
0.03-0.17-0.050.390.03-0.15-0.16-0.770.220.08-0.47-0.850.280.290.290.220.17-0.30.650.73-0.430.360.02-0.04-0.66
0.080.620.47-0.67-0.160.460.590.990.11-0.220.75-0.85-0.64-0.720.05-0.67-0.320.7-0.73-0.580.75-0.46-0.150.240.88
0.05-0.61-0.370.980.27-0.68-0.52-0.71-0.290.31-0.40.28-0.640.94-0.190.950.83-0.980.840.35-0.470.830.640.15-0.76
-0.08-0.82-0.640.890.28-0.71-0.76-0.81-0.420.32-0.630.29-0.720.94-0.360.990.62-0.990.710.24-0.680.610.43-0.15-0.82
0.170.640.41-0.1-0.110.240.640.150.43-0.110.40.290.05-0.19-0.36-0.340.080.260.210.760.660.130.080.610.17
-0.08-0.8-0.640.890.29-0.71-0.74-0.76-0.430.32-0.590.22-0.670.950.99-0.340.64-0.990.690.23-0.620.610.46-0.12-0.78
0.22-0.20.140.890.19-0.46-0.06-0.37-0.020.2-0.020.17-0.320.830.620.080.64-0.720.820.41-0.020.910.910.49-0.56
0.030.750.55-0.94-0.280.710.670.780.37-0.320.56-0.30.7-0.98-0.990.26-0.99-0.72-0.78-0.320.58-0.7-0.540.030.82
0.13-0.3-0.060.910.18-0.51-0.22-0.740.030.22-0.310.65-0.730.840.710.210.690.82-0.780.72-0.270.880.580.33-0.79
0.10.080.030.450.04-0.170.11-0.520.250.07-0.180.73-0.580.350.240.760.230.41-0.320.720.10.470.280.35-0.5
0.220.860.66-0.42-0.150.430.850.780.38-0.20.82-0.430.75-0.47-0.680.66-0.62-0.020.58-0.270.1-0.110.060.640.68
0.24-0.110.180.890.17-0.440.0-0.470.040.190.050.36-0.460.830.610.130.610.91-0.70.880.47-0.110.740.61-0.51
0.22-0.140.230.70.14-0.30.04-0.180.010.140.050.02-0.150.640.430.080.460.91-0.540.580.280.060.740.43-0.42
0.340.680.670.22-0.020.080.720.290.33-0.040.78-0.040.240.15-0.150.61-0.120.490.030.330.350.640.610.430.3
0.070.750.48-0.8-0.20.560.680.920.18-0.250.81-0.660.88-0.76-0.820.17-0.78-0.560.82-0.79-0.50.68-0.51-0.420.3
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CannBioRx Life Account Relationship Matchups

CannBioRx Life fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets51.9M55.5M62.7M19.7M5.3M5.0M
Total Current Liabilities9.6M21.4M19.7M5.7M5.1M8.6M
Total Stockholder Equity38.6M30.3M39.3M11.3M(127.7K)(121.3K)
Retained Earnings(37.5M)(48.4M)(68.7M)(107.4M)(127.3M)(121.0M)
Cash And Short Term Investments83.4K2.1M8.2M7.0M2.0M1.9M
Total Liab13.3M25.2M23.4M8.3M5.4M5.1M
Total Current Assets748.3K4.0M11.2M8.9M3.6M4.0M
Common Stock1.4K2.6K3.4K375.054.051.3
Other Current Liab2.0M9.2M17.2M2.5M1.9M1.8M
Net Debt3.4M1.7M(6.3M)(5.6M)(921.7K)(967.8K)
Cash83.4K2.1M8.2M7.0M2.0M3.2M
Non Current Assets Total51.1M51.5M51.5M10.7M1.6M1.5M
Common Stock Shares Outstanding29.0K26.2M82.5K100.0K379.1K360.1K
Liabilities And Stockholders Equity51.9M55.5M62.7M19.7M5.3M5.0M
Non Current Liabilities Total3.7M3.8M3.7M2.6M324.6K308.4K
Other Stockholder Equity75.9M78.0M107.2M121.6M130.1M136.6M

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When running CannBioRx Life's price analysis, check to measure CannBioRx Life's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CannBioRx Life is operating at the current time. Most of CannBioRx Life's value examination focuses on studying past and present price action to predict the probability of CannBioRx Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CannBioRx Life's price. Additionally, you may evaluate how the addition of CannBioRx Life to your portfolios can decrease your overall portfolio volatility.