Change Cost Of Revenue vs Income Tax Expense Analysis

CCA Stock

0.06 0 1.67%

Change Financial financial indicator trend analysis is way more than just evaluating Change Financial prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Change Financial is a good investment. Please check the relationship between Change Financial Cost Of Revenue and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Change Financial Limited. 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.

Cost Of Revenue vs Income Tax Expense

Cost Of Revenue vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Change Financial Cost Of Revenue account and Income Tax Expense. At this time, the significance of the direction appears to have very week relationship.

The correlation between Change Financial's Cost Of Revenue and Income Tax Expense is 0.2. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Change Financial Limited, assuming nothing else is changed. The correlation between historical values of Change Financial's Cost Of Revenue and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Change Financial Limited are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Cost Of Revenue i.e., Change Financial's Cost Of Revenue and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.2

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Cost Of Revenue

Cost of Revenue is found on Change Financial income statement and represents the costs associated with goods and services Change Financial provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Income Tax Expense

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

Tax Provision is likely to gain to about 324.2 K in 2024, whereas Selling General Administrative is likely to drop slightly above 3.3 M in 2024.

	2021	2022	2023	2024 (projected)
Cost Of Revenue	11.0M	9.4M	7.6M	5.8M
Research Development	339.7K	720.6K	809.8K	525.2K

Cost Of Revenue Research Development

Change Financial fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Other Current Assets	Other Stockholder Equity	Total Current Assets	Intangible Assets	Common Stock	Total Current Liabilities	Net Tangible Assets	Property Plant And Equipment Net	Accounts Payable	Total Liab	Property Plant Equipment	Other Current Liab	Common Stock Shares Outstanding	Common Stock Total Equity	Inventory	Property Plant And Equipment Gross
Total Assets		0.89	-0.57	-0.63	0.6	0.76	0.03	0.51	0.6	0.73	0.65	-0.27	0.89	0.51	0.67	0.73	0.45	0.53	0.71	0.72	0.75	0.65	0.7	0.63	-0.56	0.7
Total Stockholder Equity	0.89		-0.65	-0.32	0.64	0.45	0.17	0.53	0.64	0.4	0.35	-0.47	0.99	0.26	0.38	0.38	0.8	0.29	0.37	0.37	0.46	0.36	0.39	0.35	-0.36	0.37
Net Debt	-0.57	-0.65		0.4	-0.99	-0.3	-0.16	-0.49	-0.99	-0.28	-0.27	0.03	-0.63	-0.23	-0.46	-0.25	-0.51	-0.34	-0.4	-0.24	-0.32	-0.27	-0.3	-0.46	0.56	-0.33
Retained Earnings	-0.63	-0.32	0.4		-0.49	-0.8	0.22	-0.4	-0.49	-0.83	-0.76	-0.15	-0.38	-0.67	-0.98	-0.86	0.13	-0.75	-0.94	-0.86	-0.68	-0.55	-0.86	-0.96	0.93	-0.86
Cash	0.6	0.64	-0.99	-0.49		0.35	0.1	0.52	1.0	0.35	0.31	0.04	0.64	0.26	0.53	0.32	0.46	0.42	0.49	0.31	0.4	0.29	0.35	0.55	-0.65	0.39
Non Current Assets Total	0.76	0.45	-0.3	-0.8	0.35		-0.09	0.14	0.35	0.97	0.91	0.03	0.45	0.66	0.86	0.98	-0.1	0.58	0.81	0.98	0.81	0.76	0.97	0.69	-0.61	0.83
Non Currrent Assets Other	0.03	0.17	-0.16	0.22	0.1	-0.09		-0.12	0.1	-0.04	0.08	0.05	0.17	-0.62	-0.12	-0.1	0.36	-0.14	-0.27	-0.11	-0.25	0.02	0.0	-0.23	0.27	-0.1
Other Assets	0.51	0.53	-0.49	-0.4	0.52	0.14	-0.12		0.52	0.17	0.21	-0.41	0.59	0.3	0.32	0.17	0.37	0.25	0.37	0.17	0.17	0.41	0.15	0.46	-0.47	0.26
Cash And Short Term Investments	0.6	0.64	-0.99	-0.49	1.0	0.35	0.1	0.52		0.35	0.31	0.04	0.64	0.26	0.53	0.32	0.46	0.42	0.49	0.31	0.4	0.29	0.35	0.55	-0.65	0.39
Net Receivables	0.73	0.4	-0.28	-0.83	0.35	0.97	-0.04	0.17	0.35		0.87	0.08	0.41	0.62	0.87	0.98	-0.17	0.7	0.86	0.98	0.86	0.76	0.95	0.74	-0.64	0.87
Other Current Assets	0.65	0.35	-0.27	-0.76	0.31	0.91	0.08	0.21	0.31	0.87		0.04	0.36	0.53	0.83	0.9	-0.12	0.38	0.69	0.91	0.55	0.82	0.96	0.62	-0.56	0.74
Other Stockholder Equity	-0.27	-0.47	0.03	-0.15	0.04	0.03	0.05	-0.41	0.04	0.08	0.04		-0.42	-0.32	0.14	0.11	-0.52	0.29	0.21	0.13	-0.01	-0.1	0.08	0.17	-0.1	0.23
Total Current Assets	0.89	0.99	-0.63	-0.38	0.64	0.45	0.17	0.59	0.64	0.41	0.36	-0.42		0.23	0.42	0.41	0.79	0.34	0.41	0.4	0.45	0.35	0.41	0.4	-0.42	0.4
Intangible Assets	0.51	0.26	-0.23	-0.67	0.26	0.66	-0.62	0.3	0.26	0.62	0.53	-0.32	0.23		0.64	0.62	-0.17	0.42	0.67	0.62	0.67	0.53	0.61	0.63	-0.62	0.59
Common Stock	0.67	0.38	-0.46	-0.98	0.53	0.86	-0.12	0.32	0.53	0.87	0.83	0.14	0.42	0.64		0.89	-0.06	0.71	0.91	0.89	0.68	0.57	0.91	0.92	-0.91	0.85
Total Current Liabilities	0.73	0.38	-0.25	-0.86	0.32	0.98	-0.1	0.17	0.32	0.98	0.9	0.11	0.41	0.62	0.89		-0.18	0.64	0.87	1.0	0.82	0.74	0.97	0.76	-0.67	0.85
Net Tangible Assets	0.45	0.8	-0.51	0.13	0.46	-0.1	0.36	0.37	0.46	-0.17	-0.12	-0.52	0.79	-0.17	-0.06	-0.18		-0.1	-0.16	-0.19	-0.1	-0.16	-0.11	-0.07	-0.03	-0.13
Property Plant And Equipment Net	0.53	0.29	-0.34	-0.75	0.42	0.58	-0.14	0.25	0.42	0.7	0.38	0.29	0.34	0.42	0.71	0.64	-0.1		0.85	0.63	0.7	0.36	0.57	0.8	-0.69	0.86
Accounts Payable	0.71	0.37	-0.4	-0.94	0.49	0.81	-0.27	0.37	0.49	0.86	0.69	0.21	0.41	0.67	0.91	0.87	-0.16	0.85		0.86	0.82	0.6	0.81	0.96	-0.86	0.94
Total Liab	0.72	0.37	-0.24	-0.86	0.31	0.98	-0.11	0.17	0.31	0.98	0.91	0.13	0.4	0.62	0.89	1.0	-0.19	0.63	0.86		0.8	0.75	0.97	0.75	-0.66	0.86
Property Plant Equipment	0.75	0.46	-0.32	-0.68	0.4	0.81	-0.25	0.17	0.4	0.86	0.55	-0.01	0.45	0.67	0.68	0.82	-0.1	0.7	0.82	0.8		0.58	0.7	0.68	-0.58	0.74
Other Current Liab	0.65	0.36	-0.27	-0.55	0.29	0.76	0.02	0.41	0.29	0.76	0.82	-0.1	0.35	0.53	0.57	0.74	-0.16	0.36	0.6	0.75	0.58		0.73	0.48	-0.32	0.69
Common Stock Shares Outstanding	0.7	0.39	-0.3	-0.86	0.35	0.97	0.0	0.15	0.35	0.95	0.96	0.08	0.41	0.61	0.91	0.97	-0.11	0.57	0.81	0.97	0.7	0.73		0.74	-0.67	0.84
Common Stock Total Equity	0.63	0.35	-0.46	-0.96	0.55	0.69	-0.23	0.46	0.55	0.74	0.62	0.17	0.4	0.63	0.92	0.76	-0.07	0.8	0.96	0.75	0.68	0.48	0.74		-0.95	0.86
Inventory	-0.56	-0.36	0.56	0.93	-0.65	-0.61	0.27	-0.47	-0.65	-0.64	-0.56	-0.1	-0.42	-0.62	-0.91	-0.67	-0.03	-0.69	-0.86	-0.66	-0.58	-0.32	-0.67	-0.95		-0.7
Property Plant And Equipment Gross	0.7	0.37	-0.33	-0.86	0.39	0.83	-0.1	0.26	0.39	0.87	0.74	0.23	0.4	0.59	0.85	0.85	-0.13	0.86	0.94	0.86	0.74	0.69	0.84	0.86	-0.7

Click cells to compare fundamentals

Change Financial Account Relationship Matchups

Change Financial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.6M	12.7M	10.3M	15.3M	12.9M	7.7M
Total Stockholder Equity	2.3M	7.0M	3.3M	8.4M	5.9M	4.8M
Net Debt	(2.6M)	(3.5M)	(207.6K)	(5.2M)	(2.4M)	(2.6M)
Retained Earnings	(36.7M)	(40.2M)	(44.0M)	(46.9M)	(49.4M)	(47.0M)
Cash	3.0M	4.0M	1.5M	5.4M	2.6M	2.7M
Non Current Assets Total	189.5K	6.0M	6.4M	7.0M	7.5M	7.9M
Cash And Short Term Investments	3.0M	4.0M	1.5M	5.4M	2.6M	2.7M
Net Receivables	393.9K	2.4M	1.8M	2.1M	2.1M	2.2M
Liabilities And Stockholders Equity	3.6M	12.7M	10.3M	15.3M	12.9M	7.7M
Other Current Assets	8.1K	226.5K	373.3K	848.8K	749.6K	787.0K
Total Current Assets	3.4M	6.7M	3.9M	8.3M	5.4M	4.9M
Accumulated Other Comprehensive Income	4.3M	4.7M	4.8M	4.8M	4.8M	4.2M
Common Stock	29.6M	34.8M	42.5M	50.5M	58.1M	61.0M
Total Current Liabilities	1.1M	5.4M	5.8M	5.8M	6.0M	6.3M
Net Tangible Assets	2.3M	1.5M	(2.6M)	2.1M	1.9M	2.0M
Accounts Payable	420.8K	573.3K	627.1K	525.0K	581.6K	349.6K
Total Liab	1.2M	5.7M	7.0M	6.9M	7.1M	7.4M
Property Plant Equipment	0.0	461.0K	318.8K	209.1K	240.4K	136.9K
Other Current Liab	364.9K	1.8M	2.0M	5.1M	2.6M	1.5M
Common Stock Shares Outstanding	130.4M	366.9M	396.7M	535.7M	627.7M	659.0M
Inventory	(2.5K)	141.7K	267.7K	414.7K	(665.2K)	(631.9K)
Net Invested Capital	3.4M	7.0M	4.4M	8.4M	5.9M	4.8M
Net Working Capital	3.4M	1.3M	(1.9M)	2.6M	(598.3K)	(568.3K)
Short Term Debt	153.3K	297.4K	95.5K	72.2K	104.2K	177.3K
Short Long Term Debt Total	332.7K	561.8K	1.3M	136.3K	156.9K	149.1K
Current Deferred Revenue	111.2K	2.7M	3.1M	3.3M	2.7M	2.2M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Change Stock Analysis

When running Change Financial's price analysis, check to measure Change Financial'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 Change Financial is operating at the current time. Most of Change Financial's value examination focuses on studying past and present price action to predict the probability of Change Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Change Financial's price. Additionally, you may evaluate how the addition of Change Financial to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC