Outset Gross Profit vs Tax Provision Analysis

OM Stock  USD 1.29  0.03  2.27%   
Outset Medical financial indicator trend analysis is much more than just breaking down Outset Medical prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Outset Medical is a good investment. Please check the relationship between Outset Medical Gross Profit and its Tax Provision accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Outset Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Outset Stock, please use our How to Invest in Outset Medical guide.

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 Outset Medical Gross Profit account and Tax Provision. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Outset Medical's Gross Profit and Tax Provision is 0.97. 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 Outset Medical, assuming nothing else is changed. The correlation between historical values of Outset Medical'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 Outset Medical 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., Outset Medical's Gross Profit and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.97
Relationship DirectionPositive 
Relationship StrengthVery Strong

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Outset Medical minus its cost of goods sold. It is profit before Outset Medical 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 Outset Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Outset Medical 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Outset Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Outset Stock, please use our How to Invest in Outset Medical guide.As of the 11th of December 2024, Tax Provision is likely to grow to about 549.1 K, while Selling General Administrative is likely to drop about 30.8 M.
 2021 2022 2023 2024 (projected)
Depreciation And Amortization6.2M6.3M5.8M4.9M
Interest Income498K3.3M10.2M10.7M

Outset Medical fundamental ratios Correlations

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0.560.730.790.570.140.660.660.860.35-0.880.160.140.340.760.060.880.430.870.780.760.5-0.620.590.870.42
0.940.730.980.940.740.950.960.87-0.19-0.89-0.050.640.840.520.630.660.860.940.970.930.43-0.960.930.960.87
0.880.790.980.890.70.930.950.9-0.12-0.930.080.60.80.590.570.710.780.950.960.970.36-0.930.90.960.83
0.990.570.940.890.820.980.960.75-0.45-0.77-0.070.830.940.440.810.50.970.810.950.820.3-0.990.990.860.97
0.810.140.740.70.820.790.780.5-0.66-0.510.10.890.950.20.930.170.810.520.70.67-0.09-0.820.820.540.91
0.970.660.950.930.980.790.960.86-0.31-0.870.090.780.910.610.720.660.930.850.970.870.3-0.990.980.890.94
0.940.660.960.950.960.780.960.81-0.35-0.840.080.790.910.530.720.60.880.840.960.930.2-0.980.970.880.94
0.750.860.870.90.750.50.860.810.2-1.00.260.410.610.840.30.930.650.910.860.890.44-0.80.760.910.66
-0.420.35-0.19-0.12-0.45-0.66-0.31-0.350.2-0.170.11-0.79-0.650.35-0.860.47-0.50.09-0.25-0.080.450.41-0.450.03-0.6
-0.76-0.88-0.89-0.93-0.77-0.51-0.87-0.84-1.0-0.17-0.26-0.43-0.63-0.83-0.32-0.92-0.65-0.93-0.88-0.92-0.420.82-0.79-0.93-0.68
-0.120.16-0.050.08-0.070.10.090.080.260.11-0.260.170.070.63-0.030.35-0.18-0.020.040.21-0.61-0.030.02-0.070.06
0.80.140.640.60.830.890.780.790.41-0.79-0.430.170.950.250.940.150.830.380.690.57-0.24-0.820.850.450.93
0.930.340.840.80.940.950.910.910.61-0.65-0.630.070.950.330.930.320.920.630.850.760.01-0.940.950.680.99
0.430.760.520.590.440.20.610.530.840.35-0.830.630.250.330.040.930.340.610.580.620.17-0.510.490.60.39
0.790.060.630.570.810.930.720.720.3-0.86-0.32-0.030.940.930.04-0.030.820.390.660.5-0.15-0.780.810.440.9
0.510.880.660.710.50.170.660.60.930.47-0.920.350.150.320.93-0.030.410.770.670.730.45-0.570.530.770.39
0.980.430.860.780.970.810.930.880.65-0.5-0.65-0.180.830.920.340.820.410.690.870.680.34-0.940.950.760.94
0.810.870.940.950.810.520.850.840.910.09-0.93-0.020.380.630.610.390.770.690.920.890.57-0.830.790.990.68
0.940.780.970.960.950.70.970.960.86-0.25-0.880.040.690.850.580.660.670.870.920.90.35-0.970.960.950.89
0.790.760.930.970.820.670.870.930.89-0.08-0.920.210.570.760.620.50.730.680.890.90.22-0.870.840.90.78
0.370.50.430.360.3-0.090.30.20.440.45-0.42-0.61-0.240.010.17-0.150.450.340.570.350.22-0.260.220.570.07
-0.98-0.62-0.96-0.93-0.99-0.82-0.99-0.98-0.80.410.82-0.03-0.82-0.94-0.51-0.78-0.57-0.94-0.83-0.97-0.87-0.26-1.0-0.88-0.97
0.980.590.930.90.990.820.980.970.76-0.45-0.790.020.850.950.490.810.530.950.790.960.840.22-1.00.850.98
0.860.870.960.960.860.540.890.880.910.03-0.93-0.070.450.680.60.440.770.760.990.950.90.57-0.880.850.73
0.950.420.870.830.970.910.940.940.66-0.6-0.680.060.930.990.390.90.390.940.680.890.780.07-0.970.980.73
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Outset Medical Account Relationship Matchups

Outset Medical fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets88.4M403.8M463.5M400.1M313.8M333.8M
Short Long Term Debt Total29.1M38.6M37.8M103.2M136.2M68.5M
Other Current Liab11.6M26.8M41.3M40.0M34.6M29.4M
Total Current Liabilities24.9M36.7M51.7M51.9M55.3M42.3M
Total Stockholder Equity(372.2M)328.6M374.1M246.0M122.9M75.4M
Other Liab351K810K1.0M264K303.6K572.2K
Net Tangible Assets(372.2M)328.6M374.1M246.0M282.9M297.0M
Property Plant And Equipment Net7.9M23.3M20.2M22.0M18.6M17.4M
Current Deferred Revenue883K3.2M6.3M8.7M11.7M12.3M
Net Debt(7.9M)(256.4M)(144.5M)30.0M67.7M71.1M
Retained Earnings(372.6M)(494.1M)(626.0M)(789.0M)(961.7M)(913.7M)
Accounts Payable5.0M4.9M1.8M603K5.8M6.1M
Cash36.9M295.0M182.3M73.2M68.5M126.4M
Non Current Assets Total8.7M57.9M53.7M26.5M22.6M31.7M
Non Currrent Assets Other82K1.4M156K1.2M3.9M4.1M
Other Assets825K34.7M33.5M4.5M5.1M4.9M
Long Term Debt21.6M29.7M29.8M96.3M130.1M136.6M
Cash And Short Term Investments70.1M314.9M339.5M287.5M203.3M249.0M
Net Receivables3.9M6.5M25.6M28.1M33.0M18.0M
Common Stock Shares Outstanding42.3M42.7M45.6M48.2M49.6M47.4M
Short Term Investments33.2M19.9M157.1M214.3M134.8M122.6M
Liabilities And Stockholders Equity88.4M403.8M463.5M400.1M313.8M333.8M
Non Current Liabilities Total435.6M38.5M37.7M102.2M135.6M157.1M
Capital Lease Obligations0.08.9M8.0M6.9M6.1M5.6M
Inventory4.6M18.4M39.2M51.5M49.2M30.4M
Other Current Assets1.1M12.4M11.1M6.6M5.7M6.9M
Other Stockholder Equity(409.1M)822.6M1.0B1.0B1.1B648.2M
Total Liab460.6M75.2M89.4M154.1M190.9M187.9M
Net Invested Capital(343.1M)358.3M403.8M342.3M253.0M138.4M
Property Plant And Equipment Gross7.9M23.3M20.2M22.0M35.0M20.4M
Total Current Assets79.6M345.9M409.8M373.6M291.2M302.1M
Accumulated Other Comprehensive Income22K1K(184K)(564K)68K71.4K
Net Working Capital54.7M309.2M358.1M321.7M235.9M259.8M
Short Term Debt7.5M1.8M2.3M2.6M3.2M2.4M
Property Plant Equipment7.9M23.3M20.2M15.9M18.3M15.4M

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Outset Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Outset Stock, please use our How to Invest in Outset Medical guide.
You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Outset Medical. If investors know Outset will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Outset Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(2.74)
Revenue Per Share
2.235
Quarterly Revenue Growth
(0.06)
Return On Assets
(0.27)
Return On Equity
(1.41)
The market value of Outset Medical is measured differently than its book value, which is the value of Outset that is recorded on the company's balance sheet. Investors also form their own opinion of Outset Medical's value that differs from its market value or its book value, called intrinsic value, which is Outset Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Outset Medical's market value can be influenced by many factors that don't directly affect Outset Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Outset Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Outset Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Outset Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.