Xunlei Research Development vs Tax Provision Analysis

XNET Stock  USD 2.08  0.03  1.42%   
Xunlei financial indicator trend analysis is more than just analyzing Xunlei Ltd Adr current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xunlei Ltd Adr is a good investment. Please check the relationship between Xunlei Research Development and its Tax Provision accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xunlei Ltd Adr. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Research Development vs Tax Provision

Research Development vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xunlei Ltd Adr Research Development account and Tax Provision. At this time, the significance of the direction appears to have strong relationship.
The correlation between Xunlei's Research Development and Tax Provision is 0.71. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Xunlei Ltd Adr, assuming nothing else is changed. The correlation between historical values of Xunlei's Research Development 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 Research Development of Xunlei Ltd Adr 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 Research Development i.e., Xunlei's Research Development and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.71
Relationship DirectionPositive 
Relationship StrengthSignificant

Research Development

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 Xunlei's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xunlei Ltd Adr 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 Xunlei Ltd Adr. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
At this time, Xunlei's Discontinued Operations is comparatively stable compared to the past year. Tax Provision is likely to gain to about 4.3 M in 2024, despite the fact that Enterprise Value Multiple is likely to grow to (1.54).
 2021 2022 2023 2024 (projected)
Gross Profit120.2M141.4M163.1M91.0M
Total Revenue238.8M341.5M363.7M195.9M

Xunlei fundamental ratios Correlations

0.060.730.980.430.7-0.79-0.410.530.820.780.97-0.060.920.840.370.030.330.920.720.710.980.440.920.13-0.14
0.060.37-0.040.720.50.23-0.55-0.1-0.150.47-0.130.410.180.230.62-0.250.440.210.450.39-0.07-0.270.160.860.22
0.730.370.60.660.91-0.31-0.590.690.360.830.560.530.670.640.530.210.330.690.990.820.640.170.670.29-0.07
0.98-0.040.60.320.58-0.84-0.320.450.860.690.99-0.220.90.820.260.00.270.910.580.610.990.450.910.06-0.15
0.430.720.660.320.790.06-0.90.010.030.870.210.370.630.650.64-0.140.160.630.710.740.25-0.220.620.540.21
0.70.50.910.580.79-0.28-0.680.470.350.870.520.390.690.660.710.130.450.710.940.850.590.280.680.380.02
-0.790.23-0.31-0.840.06-0.28-0.14-0.49-0.99-0.29-0.880.25-0.57-0.42-0.260.16-0.42-0.57-0.32-0.35-0.87-0.68-0.580.070.09
-0.41-0.55-0.59-0.32-0.9-0.68-0.140.10.06-0.82-0.22-0.22-0.66-0.73-0.38-0.120.04-0.68-0.59-0.57-0.240.31-0.66-0.44-0.13
0.53-0.10.690.450.010.47-0.490.10.470.280.490.470.230.160.320.090.370.250.670.460.570.470.24-0.1-0.26
0.82-0.150.360.860.030.35-0.990.060.470.360.88-0.220.620.470.32-0.190.460.620.380.390.890.660.630.0-0.04
0.780.470.830.690.870.87-0.29-0.820.280.360.610.230.890.880.52-0.020.190.890.830.840.640.020.880.360.06
0.97-0.130.560.990.210.52-0.88-0.220.490.880.61-0.260.850.770.220.030.270.850.540.550.990.50.860.0-0.19
-0.060.410.53-0.220.370.390.25-0.220.47-0.220.23-0.26-0.13-0.140.470.020.24-0.110.560.38-0.15-0.1-0.140.260.14
0.920.180.670.90.630.69-0.57-0.660.230.620.890.85-0.130.960.30.040.131.00.650.70.850.151.00.21-0.06
0.840.230.640.820.650.66-0.42-0.730.160.470.880.77-0.140.960.250.070.00.970.620.650.76-0.010.960.24-0.13
0.370.620.530.260.640.71-0.26-0.380.320.320.520.220.470.30.25-0.360.650.320.670.670.30.360.290.470.09
0.03-0.250.210.0-0.140.130.16-0.120.09-0.19-0.020.030.020.040.07-0.36-0.10.060.120.010.050.090.05-0.25-0.28
0.330.440.330.270.160.45-0.420.040.370.460.190.270.240.130.00.65-0.10.170.420.270.340.680.130.420.02
0.920.210.690.910.630.71-0.57-0.680.250.620.890.85-0.111.00.970.320.060.170.670.690.850.171.00.22-0.1
0.720.450.990.580.710.94-0.32-0.590.670.380.830.540.560.650.620.670.120.420.670.860.620.230.640.35-0.04
0.710.390.820.610.740.85-0.35-0.570.460.390.840.550.380.70.650.670.010.270.690.860.610.190.690.320.06
0.98-0.070.640.990.250.59-0.87-0.240.570.890.640.99-0.150.850.760.30.050.340.850.620.610.530.850.05-0.19
0.44-0.270.170.45-0.220.28-0.680.310.470.660.020.5-0.10.15-0.010.360.090.680.170.230.190.530.16-0.25-0.19
0.920.160.670.910.620.68-0.58-0.660.240.630.880.86-0.141.00.960.290.050.131.00.640.690.850.160.2-0.05
0.130.860.290.060.540.380.07-0.44-0.10.00.360.00.260.210.240.47-0.250.420.220.350.320.05-0.250.20.42
-0.140.22-0.07-0.150.210.020.09-0.13-0.26-0.040.06-0.190.14-0.06-0.130.09-0.280.02-0.1-0.040.06-0.19-0.19-0.050.42
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Xunlei Account Relationship Matchups

Xunlei fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets424.7M415.6M440.7M463.3M468.7M404.6M
Other Current Liab50.4M44.1M86.1M215.6M53.7M41.4M
Total Current Liabilities111.3M103.3M119.9M128.3M128.1M102.3M
Total Stockholder Equity296.9M292.2M303.6M309.9M324.9M288.0M
Property Plant And Equipment Net47.5M52.7M57.7M62.6M60.6M32.6M
Current Deferred Revenue32.0M34.0M36.9M39.0M36.4M29.2M
Net Debt(142.3M)(115.3M)(103.2M)(146.3M)(147.9M)(155.2M)
Retained Earnings(167.0M)(181.1M)(180.6M)(160.1M)(146.9M)(139.6M)
Accounts Payable24.2M20.6M26.4M25.4M24.4M28.0M
Cash162.5M137.2M123.4M178.7M170.8M173.4M
Non Current Assets Total108.1M113.3M146.8M131.1M141.3M91.1M
Cash And Short Term Investments265.3M255.1M239.0M262.3M271.9M260.3M
Net Receivables29.2M33.9M41.5M43.0M43.6M35.1M
Common Stock Shares Outstanding67.6M67.5M67.2M67.2M65.4M50.5M
Liabilities And Stockholders Equity424.7M415.6M440.7M463.3M468.7M404.6M
Non Current Liabilities Total17.9M22.0M19.1M26.6M17.1M15.4M
Inventory5.5M1.7M1.4M457K2.2M3.2M
Other Current Assets16.5M11.6M12.0M28.0M9.7M15.0M
Other Stockholder Equity472.1M469.9M476.1M477.5M482.5M359.3M
Total Liab129.1M125.2M139.0M154.9M145.2M117.7M
Total Current Assets316.6M302.3M293.9M332.2M327.4M313.5M
Accumulated Other Comprehensive Income(8.3M)3.3M8.2M(7.6M)(10.8M)(10.2M)
Intangible Assets9.4M8.9M8.3M6.5M5.7M9.9M
Non Currrent Assets Other3.3M2.4M6.9M9.8M21.6M22.7M
Short Term Debt4.7M2.0M2.9M566K7.2M6.8M
Other Liab2.4M2.0M1.8M1.6M1.4M1.3M
Other Assets4.4M2.4M26.2M10.0M9.0M8.9M
Short Term Investments102.8M117.8M115.7M83.6M101.1M108.7M
Property Plant Equipment47.5M52.7M57.7M62.6M72.0M75.6M
Net Tangible Assets267.1M260.7M272.2M282.2M254.0M242.4M
Good Will20.4M22.6M23.1M21.2M20.8M17.4M
Long Term Investments26.4M26.7M31.5M30.8M32.1M28.4M

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