Global Income Tax Expense vs Gross Profit Analysis

GLOBAL Stock

191.88 6.09 3.28%

Global Education financial indicator trend analysis is much more than just examining Global Education latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Global Education is a good investment. Please check the relationship between Global Education Income Tax Expense and its Gross Profit accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Education 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 nation.

Income Tax Expense vs Gross Profit

Income Tax Expense vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Global Education Income Tax Expense account and Gross Profit. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Global Education's Income Tax Expense and Gross Profit is 0.93. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Global Education Limited, assuming nothing else is changed. The correlation between historical values of Global Education's Income Tax Expense and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Global Education Limited are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Income Tax Expense i.e., Global Education's Income Tax Expense and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

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Income Tax Expense

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Global Education Limited minus its cost of goods sold. It is profit before Global Education 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.

Most indicators from Global Education's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Global Education 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Education 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 nation.

The current year's Selling General Administrative is expected to grow to about 52.7 M. The current year's Tax Provision is expected to grow to about 116.8 M

	2021	2022	2023	2024 (projected)
Gross Profit	368.2M	523.4M	540.9M	567.9M
Total Revenue	394.0M	619.8M	743.1M	780.3M

Gross Profit Total Revenue

Global Education fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Total Current Assets	Common Stock	Property Plant And Equipment Net	Accounts Payable	Non Current Assets Total	Net Receivables	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Short Long Term Debt Total	Non Currrent Assets Other	Short Term Debt	Current Deferred Revenue	Other Assets	Other Liab
Total Assets		0.94	0.97	1.0	-0.52	0.99	0.41	0.41	0.45	0.57	0.95	0.98	0.93	0.87	0.79	0.96	0.76	0.11	0.61	0.31	0.88	0.12	0.35	-0.75	-0.01	0.53
Other Current Liab	0.94		0.91	0.93	-0.61	0.96	0.5	0.5	0.41	0.35	0.88	0.88	0.77	0.78	0.62	0.94	0.59	0.02	0.51	0.25	0.75	0.04	0.17	-0.65	-0.02	0.26
Total Current Liabilities	0.97	0.91		0.95	-0.58	0.94	0.5	0.5	0.37	0.53	0.99	0.94	0.87	0.89	0.86	0.93	0.66	0.16	0.65	0.26	0.85	0.07	0.36	-0.76	0.06	0.42
Total Stockholder Equity	1.0	0.93	0.95		-0.47	0.99	0.35	0.35	0.51	0.59	0.94	0.97	0.93	0.86	0.78	0.96	0.77	0.1	0.56	0.33	0.87	0.14	0.32	-0.74	-0.07	0.54
Net Debt	-0.52	-0.61	-0.58	-0.47		-0.47	-0.98	-0.98	0.26	0.09	-0.53	-0.51	-0.42	-0.47	-0.47	-0.46	-0.18	0.13	-0.56	-0.27	-0.56	0.05	-0.55	0.6	-0.49	0.01
Retained Earnings	0.99	0.96	0.94	0.99	-0.47		0.35	0.35	0.53	0.51	0.92	0.94	0.88	0.84	0.7	0.98	0.72	0.11	0.53	0.32	0.82	0.1	0.24	-0.66	-0.09	0.46
Cash	0.41	0.5	0.5	0.35	-0.98	0.35		1.0	-0.32	-0.14	0.47	0.4	0.33	0.4	0.44	0.35	0.08	-0.04	0.57	0.24	0.47	-0.06	0.53	-0.52	0.51	-0.06
Cash And Short Term Investments	0.41	0.5	0.5	0.35	-0.98	0.35	1.0		-0.32	-0.14	0.47	0.4	0.33	0.4	0.44	0.35	0.08	-0.04	0.57	0.24	0.47	-0.06	0.53	-0.52	0.51	-0.06
Common Stock Shares Outstanding	0.45	0.41	0.37	0.51	0.26	0.53	-0.32	-0.32		0.29	0.39	0.41	0.4	0.38	0.2	0.53	0.42	0.23	-0.24	0.39	0.14	0.33	-0.23	-0.03	-0.78	0.25
Other Current Assets	0.57	0.35	0.53	0.59	0.09	0.51	-0.14	-0.14	0.29		0.52	0.68	0.61	0.35	0.68	0.4	0.84	0.07	0.48	-0.21	0.72	-0.05	0.2	-0.68	0.0	0.74
Total Liab	0.95	0.88	0.99	0.94	-0.53	0.92	0.47	0.47	0.39	0.52		0.92	0.87	0.88	0.83	0.92	0.66	0.31	0.66	0.29	0.82	0.1	0.34	-0.69	0.01	0.44
Total Current Assets	0.98	0.88	0.94	0.97	-0.51	0.94	0.4	0.4	0.41	0.68	0.92		0.92	0.8	0.81	0.88	0.85	0.09	0.64	0.24	0.94	0.08	0.43	-0.84	0.05	0.6
Common Stock	0.93	0.77	0.87	0.93	-0.42	0.88	0.33	0.33	0.4	0.61	0.87	0.92		0.86	0.81	0.87	0.74	0.16	0.62	0.5	0.85	0.36	0.53	-0.7	0.01	0.76
Property Plant And Equipment Net	0.87	0.78	0.89	0.86	-0.47	0.84	0.4	0.4	0.38	0.35	0.88	0.8	0.86		0.8	0.9	0.44	0.15	0.58	0.43	0.71	0.17	0.46	-0.58	0.11	0.37
Accounts Payable	0.79	0.62	0.86	0.78	-0.47	0.7	0.44	0.44	0.2	0.68	0.83	0.81	0.81	0.8		0.69	0.63	0.04	0.66	0.16	0.85	0.05	0.53	-0.83	0.2	0.54
Non Current Assets Total	0.96	0.94	0.93	0.96	-0.46	0.98	0.35	0.35	0.53	0.4	0.92	0.88	0.87	0.9	0.69		0.59	0.14	0.49	0.4	0.73	0.18	0.2	-0.57	-0.13	0.4
Net Receivables	0.76	0.59	0.66	0.77	-0.18	0.72	0.08	0.08	0.42	0.84	0.66	0.85	0.74	0.44	0.63	0.59		0.11	0.47	0.08	0.84	-0.01	0.29	-0.71	-0.12	0.75
Non Current Liabilities Total	0.11	0.02	0.16	0.1	0.13	0.11	-0.04	-0.04	0.23	0.07	0.31	0.09	0.16	0.15	0.04	0.14	0.11		0.28	0.24	-0.04	0.23	-0.03	0.25	-0.24	0.21
Inventory	0.61	0.51	0.65	0.56	-0.56	0.53	0.57	0.57	-0.24	0.48	0.66	0.64	0.62	0.58	0.66	0.49	0.47	0.28		-0.01	0.75	-0.16	0.55	-0.62	0.61	0.44
Other Stockholder Equity	0.31	0.25	0.26	0.33	-0.27	0.32	0.24	0.24	0.39	-0.21	0.29	0.24	0.5	0.43	0.16	0.4	0.08	0.24	-0.01		0.09	0.79	0.41	0.03	-0.33	0.39
Short Long Term Debt Total	0.88	0.75	0.85	0.87	-0.56	0.82	0.47	0.47	0.14	0.72	0.82	0.94	0.85	0.71	0.85	0.73	0.84	-0.04	0.75	0.09		-0.12	0.55	-0.91	0.3	0.61
Non Currrent Assets Other	0.12	0.04	0.07	0.14	0.05	0.1	-0.06	-0.06	0.33	-0.05	0.1	0.08	0.36	0.17	0.05	0.18	-0.01	0.23	-0.16	0.79	-0.12		0.24	0.08	-0.42	0.47
Short Term Debt	0.35	0.17	0.36	0.32	-0.55	0.24	0.53	0.53	-0.23	0.2	0.34	0.43	0.53	0.46	0.53	0.2	0.29	-0.03	0.55	0.41	0.55	0.24		-0.58	0.56	0.45
Current Deferred Revenue	-0.75	-0.65	-0.76	-0.74	0.6	-0.66	-0.52	-0.52	-0.03	-0.68	-0.69	-0.84	-0.7	-0.58	-0.83	-0.57	-0.71	0.25	-0.62	0.03	-0.91	0.08	-0.58		-0.38	-0.47
Other Assets	-0.01	-0.02	0.06	-0.07	-0.49	-0.09	0.51	0.51	-0.78	0.0	0.01	0.05	0.01	0.11	0.2	-0.13	-0.12	-0.24	0.61	-0.33	0.3	-0.42	0.56	-0.38		-0.1
Other Liab	0.53	0.26	0.42	0.54	0.01	0.46	-0.06	-0.06	0.25	0.74	0.44	0.6	0.76	0.37	0.54	0.4	0.75	0.21	0.44	0.39	0.61	0.47	0.45	-0.47	-0.1

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Global Education Account Relationship Matchups

Global Education fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	412.4M	437.7M	523.1M	738.2M	975.3M	1.0B
Other Current Liab	13.8M	5.7M	10.2M	33.0M	47.7M	50.1M
Total Current Liabilities	40.3M	32.5M	52.7M	82.4M	80.1M	84.1M
Total Stockholder Equity	370.4M	398.4M	467.1M	653.2M	889.6M	934.1M
Net Debt	(7.1M)	(6.4M)	(38.7M)	(94.1M)	(84.9M)	(80.7M)
Retained Earnings	257.3M	208.4M	277.1M	463.2M	699.6M	734.6M
Cash	7.1M	6.4M	38.7M	94.1M	84.9M	47.6M
Cash And Short Term Investments	7.1M	6.4M	38.7M	94.1M	84.9M	47.6M
Liabilities And Stockholders Equity	412.4M	437.7M	523.1M	738.2M	975.3M	851.0M
Other Current Assets	316.9M	355.3M	184.1M	145.8M	203.3M	125.3M
Total Liab	42.0M	39.2M	55.9M	84.9M	86.9M	91.3M
Total Current Assets	330.0M	368.1M	340.9M	389.2M	564.6M	592.8M
Property Plant And Equipment Net	26.4M	15.9M	150.3M	128.5M	125.7M	132.0M
Accounts Payable	26.5M	26.8M	42.5M	49.3M	32.4M	22.9M
Non Current Assets Total	82.4M	69.6M	182.1M	349.0M	410.7M	431.2M
Net Receivables	316.1M	355.2M	109.6M	143.1M	267.1M	280.5M
Non Current Liabilities Total	1.7M	6.8M	3.2M	2.5M	6.8M	4.6M
Inventory	6.1M	6.4M	8.5M	6.2M	9.2M	5.2M
Other Stockholder Equity	(282.2M)	88.0M	88.0M	88.0M	101.2M	106.2M
Short Long Term Debt Total	1.4B	1.0B	2.5B	2.2B	2.5B	2.7B
Non Currrent Assets Other	(74.5M)	46.0M	11.6M	11.3M	11.8M	12.4M
Short Term Debt	356.7K	104.5M	182.1M	32.7M	37.6M	61.7M
Other Assets	7.9M	1.0	17.8M	1K	900.0	855.0
Other Liab	1.7M	6.8M	3.2M	2.6M	3.0M	2.6M
Net Tangible Assets	370.4M	398.4M	455.1M	641.2M	737.3M	411.1M
Short Term Investments	872.0	649.0	855.0	2K	3K	2.9K
Long Term Debt Total	2.5B	2.1B	1.8B	2.7B	3.1B	2.1B
Property Plant Equipment	26.4M	15.9M	150.3M	4.2B	4.9B	5.1B
Long Term Debt	504.2M	418.3M	371.9M	292.8M	263.5M	316.5M
Net Invested Capital	370.4M	398.4M	467.1M	653.2M	889.6M	564.9M
Net Working Capital	289.7M	335.6M	288.2M	306.8M	484.5M	350.8M

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Balance Sheet is a snapshot of the financial position of Global Education at a specified time, usually calculated after every quarter, six months, or one year. Global Education Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Global Education and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Global currently owns. An asset can also be divided into two categories, current and non-current.

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Global Income Tax Expense vs Gross Profit Analysis

Income Tax Expense vs Gross Profit

Income Tax Expense vs Gross Profit Correlation Analysis

Correlation Coefficient

Income Tax Expense

Gross Profit

Global Education fundamental ratios Correlations

Global Education Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Global Education fundamental ratios Accounts

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Other Information on Investing in Global Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Retained Earnings	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Retained Earnings	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.98	Total Assets

Cash And Short Term Investments	- 0.98	Net Debt
Cash	- 0.98	Net Debt
Current Deferred Revenue	- 0.91	Short Long Term Debt Total
Current Deferred Revenue	- 0.84	Total Current Assets
Current Deferred Revenue	- 0.83	Accounts Payable
Other Assets	- 0.78	Common Stock Shares Outstanding