Datametrex Tax Provision vs Other Operating Expenses Analysis

DM Stock  CAD 0.01  0.01  50.00%   
Datametrex financial indicator trend analysis is much more than just examining Datametrex AI latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Datametrex AI is a good investment. Please check the relationship between Datametrex Tax Provision and its Other Operating Expenses accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Datametrex AI. 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 vs Other Operating Expenses

Tax Provision vs Other Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Datametrex AI Tax Provision account and Other Operating Expenses. At this time, the significance of the direction appears to have strong relationship.
Tax ProvisionOther Operating ExpensesDiversified AwayTax ProvisionOther Operating ExpensesDiversified Away100%
The correlation between Datametrex's Tax Provision and Other Operating Expenses is 0.76. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Datametrex AI, assuming nothing else is changed. The correlation between historical values of Datametrex's Tax Provision and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Datametrex AI are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Tax Provision i.e., Datametrex's Tax Provision and Other Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.76
Relationship DirectionPositive 
Relationship StrengthSignificant

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.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Datametrex AI. It is also known as Datametrex overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from Datametrex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Datametrex AI 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Datametrex AI. 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, Datametrex's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 11.7 M in 2024, despite the fact that Tax Provision is likely to grow to (363.3 K).

Datametrex fundamental ratios Correlations

0.840.95-0.69-0.50.930.930.970.720.780.970.820.790.730.7-0.54-0.10.980.640.34-0.490.42-0.390.58-0.080.76
0.840.65-0.27-0.870.610.640.860.970.970.750.960.930.820.96-0.830.260.850.840.61-0.80.66-0.350.62-0.420.62
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-0.5-0.87-0.22-0.23-0.18-0.21-0.55-0.96-0.93-0.37-0.85-0.86-0.57-0.940.75-0.63-0.52-0.79-0.830.78-0.840.33-0.650.75-0.45
0.930.610.99-0.9-0.181.00.910.440.520.980.580.570.610.44-0.31-0.30.910.360.04-0.210.13-0.40.450.170.73
0.930.640.98-0.88-0.211.00.920.470.540.980.590.590.620.48-0.33-0.240.920.370.07-0.230.15-0.420.490.110.77
0.970.860.9-0.68-0.550.910.920.750.790.960.840.810.770.75-0.6-0.010.960.630.32-0.520.39-0.430.59-0.180.8
0.720.970.48-0.05-0.960.440.470.750.990.610.940.940.720.98-0.810.440.740.850.75-0.810.78-0.350.67-0.580.57
0.780.970.56-0.11-0.930.520.540.790.990.680.950.960.690.97-0.750.420.790.810.77-0.740.81-0.440.73-0.560.64
0.970.750.97-0.79-0.370.980.980.960.610.680.70.720.660.61-0.42-0.130.960.480.23-0.340.31-0.460.580.00.79
0.820.960.63-0.23-0.850.580.590.840.940.950.70.90.750.91-0.780.240.790.850.62-0.750.67-0.320.6-0.50.66
0.790.930.59-0.17-0.860.570.590.810.940.960.720.90.560.92-0.690.410.790.670.78-0.640.83-0.510.79-0.520.73
0.730.820.64-0.48-0.570.610.620.770.720.690.660.750.560.74-0.81-0.120.750.790.11-0.780.16-0.040.2-0.060.33
0.70.960.46-0.07-0.940.440.480.750.980.970.610.910.920.74-0.790.450.710.80.7-0.760.73-0.450.66-0.580.56
-0.54-0.83-0.350.090.75-0.31-0.33-0.6-0.81-0.75-0.42-0.78-0.69-0.81-0.79-0.13-0.54-0.75-0.370.95-0.41-0.1-0.220.28-0.25
-0.10.26-0.330.61-0.63-0.3-0.24-0.010.440.42-0.130.240.41-0.120.45-0.13-0.020.130.78-0.170.72-0.420.68-0.910.33
0.980.850.93-0.67-0.520.910.920.960.740.790.960.790.790.750.71-0.54-0.020.660.35-0.520.42-0.360.61-0.110.76
0.640.840.45-0.1-0.790.360.370.630.850.810.480.850.670.790.8-0.750.130.660.42-0.860.450.020.29-0.370.29
0.340.610.080.4-0.830.040.070.320.750.770.230.620.780.110.7-0.370.780.350.42-0.380.99-0.510.82-0.780.52
-0.49-0.8-0.29-0.010.78-0.21-0.23-0.52-0.81-0.74-0.34-0.75-0.64-0.78-0.760.95-0.17-0.52-0.86-0.38-0.41-0.23-0.180.32-0.15
0.420.660.170.32-0.840.130.150.390.780.810.310.670.830.160.73-0.410.720.420.450.99-0.41-0.520.83-0.740.56
-0.39-0.35-0.320.160.33-0.4-0.42-0.43-0.35-0.44-0.46-0.32-0.51-0.04-0.45-0.1-0.42-0.360.02-0.51-0.23-0.52-0.750.39-0.64
0.580.620.43-0.06-0.650.450.490.590.670.730.580.60.790.20.66-0.220.680.610.290.82-0.180.83-0.75-0.670.85
-0.08-0.420.17-0.50.750.170.11-0.18-0.58-0.560.0-0.5-0.52-0.06-0.580.28-0.91-0.11-0.37-0.780.32-0.740.39-0.67-0.46
0.760.620.7-0.46-0.450.730.770.80.570.640.790.660.730.330.56-0.250.330.760.290.52-0.150.56-0.640.85-0.46
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Datametrex Account Relationship Matchups

Datametrex fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.9M10.0M42.6M36.0M12.7M11.2M
Total Current Liabilities5.0M6.1M9.4M9.4M7.5M7.8M
Total Stockholder Equity2.9M3.2M32.5M22.8M1.0M954.2K
Net Debt330.2K(1.5M)(15.1M)(4.4M)4.8M5.1M
Retained Earnings(27.7M)(32.7M)(23.6M)(40.8M)(64.8M)(61.5M)
Cash119.7K2.0M15.4M8.9M341.2K324.2K
Cash And Short Term Investments119.7K2.0M18.0M9.4M1.1M1.1M
Net Receivables1.1M1.7M5.7M3.4M2.2M1.3M
Common Stock Shares Outstanding224.1M254.3M324.8M387.2M404.9M425.1M
Liabilities And Stockholders Equity7.9M10.0M42.6M36.0M12.7M11.2M
Total Liab5.0M6.8M10.2M13.2M11.7M12.3M
Total Current Assets1.2M3.9M23.8M15.6M3.7M4.7M
Accumulated Other Comprehensive Income(14.9K)(17.3K)8.3M8.1M8.9M9.4M
Common Stock27.7M30.7M47.8M55.5M56.8M28.6M
Accounts Payable2.1M3.4M4.7M2.1M1.5M1.8M
Other Stockholder Equity1.2M2.8M2.9M5.2M6.0M6.3M
Net Tangible Assets1.7M(2.3M)(3.1M)(2.0M)(1.8M)(1.8M)
Non Current Assets Total6.7M6.1M18.9M20.4M9.0M10.5M
Non Currrent Assets Other(215K)7.9M6.7M(3.0M)(3.5M)(3.3M)
Non Current Liabilities Total36.4K698.3K714.6K3.8M4.2M4.5M
Other Current Assets58.6K234.3K125.7K2.8M221.7K210.6K
Intangible Assets3.0M2.3M15.6M10.7M4.0M6.0M
Property Plant Equipment141.5K159.2K168.1K141.2K162.4K138.0K
Short Long Term Debt Total449.8K518.6K253.8K4.5M5.2M5.4M
Property Plant And Equipment Net168.1K141.2K298.8K6.7M6.6M6.9M
Current Deferred Revenue207.8K262.5K34.4K29.0K26.1K24.8K
Long Term Debt64.6K20.2K60K225.1K258.8K271.8K
Net Invested Capital3.3M3.7M32.5M23.5M27.0M14.2M
Short Long Term Debt385.7K412.5K30K520.2K468.2K291.2K
Net Working Capital(3.7M)(2.2M)14.3M6.2M7.1M7.5M
Short Term Debt429.6K438.8K134.2K970.6K1.2M630.2K
Capital Stock27.7M30.7M47.8M55.5M63.8M41.4M

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