Xelpmoc Income Tax Expense vs Gross Profit Analysis

XELPMOC Stock   135.96  2.43  1.76%   
Xelpmoc Design financial indicator trend analysis is more than just analyzing Xelpmoc Design And current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xelpmoc Design And is a good investment. Please check the relationship between Xelpmoc Design Income Tax Expense and its Gross Profit accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xelpmoc Design And. 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.

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 Xelpmoc Design And Income Tax Expense account and Gross Profit. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Xelpmoc Design's Income Tax Expense and Gross Profit is -0.09. 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 Xelpmoc Design And, assuming nothing else is changed. The correlation between historical values of Xelpmoc Design'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 Xelpmoc Design And 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., Xelpmoc Design's Income Tax Expense and Gross Profit go up and down completely randomly.

Correlation Coefficient

-0.09
Relationship DirectionNegative 
Relationship StrengthInsignificant

Income Tax Expense

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Xelpmoc Design And minus its cost of goods sold. It is profit before Xelpmoc Design 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 Xelpmoc Design's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xelpmoc Design And 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xelpmoc Design And. 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.
At present, Xelpmoc Design's Tax Provision is projected to increase significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Total Operating Expenses167.6M142.9M17.6M16.7M
Cost Of Revenue55.8M180.9M83.1M69.6M

Xelpmoc Design fundamental ratios Correlations

0.80.740.821.00.52-0.41-0.530.680.660.980.5-0.290.910.790.820.920.450.97-0.370.60.920.980.950.940.51
0.80.780.840.80.68-0.36-0.620.540.660.720.79-0.180.830.710.550.820.530.65-0.260.670.880.750.840.630.55
0.740.780.830.730.61-0.26-0.580.760.520.680.65-0.230.730.740.540.740.50.65-0.310.680.810.740.760.640.53
0.820.840.830.810.860.01-0.740.690.330.810.53-0.340.730.830.710.790.730.75-0.470.850.950.870.780.830.77
1.00.80.730.810.51-0.43-0.520.670.680.970.51-0.280.920.780.80.920.430.96-0.360.580.920.970.960.930.49
0.520.680.610.860.510.39-0.80.42-0.040.510.47-0.460.450.770.490.540.880.42-0.490.910.70.590.50.550.89
-0.41-0.36-0.260.01-0.430.39-0.24-0.34-0.93-0.31-0.44-0.29-0.570.01-0.16-0.450.45-0.38-0.290.31-0.22-0.28-0.52-0.210.41
-0.53-0.62-0.58-0.74-0.52-0.8-0.24-0.4-0.07-0.59-0.240.81-0.35-0.52-0.51-0.37-0.96-0.480.88-0.96-0.73-0.59-0.41-0.51-0.96
0.680.540.760.690.670.42-0.34-0.40.530.620.49-0.190.70.530.650.70.30.67-0.230.450.670.720.70.730.37
0.660.660.520.330.68-0.04-0.93-0.070.530.550.650.110.80.290.380.7-0.130.590.10.040.520.540.760.44-0.09
0.980.720.680.810.970.51-0.31-0.590.620.550.38-0.360.810.760.860.820.490.98-0.480.630.920.980.860.950.56
0.50.790.650.530.510.47-0.44-0.240.490.650.380.220.670.630.330.630.150.360.210.320.50.440.650.310.17
-0.29-0.18-0.23-0.34-0.28-0.46-0.290.81-0.190.11-0.360.22-0.11-0.18-0.32-0.12-0.79-0.310.93-0.72-0.38-0.34-0.15-0.32-0.79
0.910.830.730.730.920.45-0.57-0.350.70.80.810.67-0.110.710.630.990.270.82-0.10.440.810.840.990.80.33
0.790.710.740.830.780.770.01-0.520.530.290.760.63-0.180.710.70.780.550.73-0.220.690.750.810.770.770.59
0.820.550.540.710.80.49-0.16-0.510.650.380.860.33-0.320.630.70.650.410.91-0.390.570.750.90.680.870.49
0.920.820.740.790.920.54-0.45-0.370.70.70.820.63-0.120.990.780.650.340.83-0.120.50.830.870.990.840.39
0.450.530.50.730.430.880.45-0.960.3-0.130.490.15-0.790.270.550.410.340.38-0.830.960.660.520.330.471.0
0.970.650.650.750.960.42-0.38-0.480.670.590.980.36-0.310.820.730.910.830.38-0.390.530.860.980.870.950.45
-0.37-0.26-0.31-0.47-0.36-0.49-0.290.88-0.230.1-0.480.210.93-0.1-0.22-0.39-0.12-0.83-0.39-0.77-0.53-0.44-0.17-0.41-0.84
0.60.670.680.850.580.910.31-0.960.450.040.630.32-0.720.440.690.570.50.960.53-0.770.780.670.50.590.97
0.920.880.810.950.920.7-0.22-0.730.670.520.920.5-0.380.810.750.750.830.660.86-0.530.780.940.850.870.7
0.980.750.740.870.970.59-0.28-0.590.720.540.980.44-0.340.840.810.90.870.520.98-0.440.670.940.890.970.58
0.950.840.760.780.960.5-0.52-0.410.70.760.860.65-0.150.990.770.680.990.330.87-0.170.50.850.890.850.39
0.940.630.640.830.930.55-0.21-0.510.730.440.950.31-0.320.80.770.870.840.470.95-0.410.590.870.970.850.54
0.510.550.530.770.490.890.41-0.960.37-0.090.560.17-0.790.330.590.490.391.00.45-0.840.970.70.580.390.54
Click cells to compare fundamentals

Xelpmoc Design Account Relationship Matchups

Xelpmoc Design fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets535.3M697.9M1.1B806.9M749.4M596.1M
Other Current Liab(9.5M)12.9M23.9M31.0M19.5M13.5M
Total Current Liabilities16.5M14.7M28.4M55.8M42.8M24.9M
Total Stockholder Equity448.4M591.6M971.8M671.4M620.8M496.7M
Property Plant And Equipment Net9.3M1.3M2.1M44.6M22.2M23.3M
Net Debt1.2M(8.8M)(117.5M)21.4M16.0M16.8M
Retained Earnings(21.1M)19.9M(108.7M)(266.2M)(398.9M)(378.9M)
Accounts Payable1.5M1.6M4.4M4.6M3.1M3.4M
Cash5.4M8.8M117.5M17.8M6.2M5.9M
Non Current Assets Total374.7M493.7M631.7M452.7M600.1M399.9M
Non Currrent Assets Other(20.0)11.7M336.8M399.1M8.4M8.0M
Cash And Short Term Investments137.5M144.3M437.7M302.9M86.8M161.9M
Net Receivables22.1M57.4M37.1M92.0M32.3M34.1M
Short Term Investments132.0M135.5M320.2M285.2M80.6M136.1M
Liabilities And Stockholders Equity535.3M697.9M1.1B806.9M749.4M596.1M
Non Current Liabilities Total70.5M91.5M112.3M73.5M85.8M73.7M
Other Current Assets1.1M3.6M7.2M33.1M30.7M32.3M
Total Liab87.0M106.3M140.7M129.4M128.6M98.6M
Total Current Assets160.7M204.2M480.8M354.2M149.3M196.2M
Accumulated Other Comprehensive Income118.7M220.9M396.3M239.7M272.9M151.6M
Property Plant Equipment9.3M1.3M2.1M44.6M51.3M53.8M
Other Liab67.0M67.0M91.5M112.3M129.2M79.0M
Net Tangible Assets446.4M589.7M971.6M662.4M761.7M534.0M
Other Assets13.9M14.2M6.2M5.0M4.5M8.0M
Cash And Equivalents5.4M8.8M117.5M17.8M20.4M31.1M
Short Term Debt178.8K3.3M50.014.3M20.2M21.3M
Net Invested Capital448.4M591.6M971.8M671.4M620.8M613.2M
Net Working Capital144.2M189.5M452.4M298.4M106.5M101.2M
Intangible Assets2.0M1.9M49.9K75.9K3.2M3.3M

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Other Information on Investing in Xelpmoc Stock

Balance Sheet is a snapshot of the financial position of Xelpmoc Design And at a specified time, usually calculated after every quarter, six months, or one year. Xelpmoc Design Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xelpmoc Design 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 Xelpmoc currently owns. An asset can also be divided into two categories, current and non-current.