Acme Tax Provision vs Cost Of Revenue Analysis

ACU Stock

USD 36.41 0.72 2.02%

Acme United financial indicator trend analysis is way more than just evaluating Acme United prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Acme United is a good investment. Please check the relationship between Acme United Tax Provision and its Cost Of Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Acme United. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For more information on how to buy Acme Stock please use our How to Invest in Acme United guide.

Tax Provision vs Cost Of Revenue

Tax Provision vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Acme United Tax Provision account and Cost Of Revenue. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Acme United's Tax Provision and Cost Of Revenue is -0.52. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Acme United, assuming nothing else is changed. The correlation between historical values of Acme United's Tax Provision and Cost Of Revenue 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 Acme United are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Tax Provision i.e., Acme United's Tax Provision and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

-0.52

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

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.

Cost Of Revenue

Cost of Revenue is found on Acme United income statement and represents the costs associated with goods and services Acme United provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Most indicators from Acme United's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Acme United 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Acme United. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For more information on how to buy Acme Stock please use our How to Invest in Acme United guide.At this time, Acme United's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 15.36 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.22 in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	922K	2.4M	3.1M	3.3M
Depreciation And Amortization	4.0M	4.6M	5.1M	5.3M

Interest Expense Depreciation And Amortization

Acme United fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Non Currrent Assets Other	Accounts Payable	Common Stock Total Equity	Common Stock
Total Assets		0.68	-0.37	0.95	0.95	0.94	0.7	0.96	-0.03	0.98	-0.03	0.76	0.81	0.67	0.99	0.71	-0.22	0.76	0.88	0.98	-0.57	0.93	0.38	0.89	0.76	0.79
Short Long Term Debt Total	0.68		-0.55	0.49	0.41	0.51	0.98	0.46	0.18	0.58	0.18	0.91	0.59	1.0	0.68	0.11	-0.46	0.97	0.36	0.74	-0.41	0.72	-0.39	0.47	0.56	0.71
Other Current Liab	-0.37	-0.55		-0.23	-0.23	-0.33	-0.55	-0.23	-0.04	-0.33	-0.05	-0.37	-0.19	-0.56	-0.44	-0.24	-0.04	-0.52	-0.36	-0.4	0.19	-0.28	0.35	-0.23	-0.16	-0.23
Total Current Liabilities	0.95	0.49	-0.23		0.95	0.89	0.51	0.96	-0.03	0.94	-0.03	0.64	0.74	0.49	0.94	0.77	-0.25	0.62	0.89	0.93	-0.46	0.87	0.55	0.92	0.77	0.77
Total Stockholder Equity	0.95	0.41	-0.23	0.95		0.95	0.45	1.0	-0.14	0.97	-0.14	0.56	0.75	0.41	0.93	0.83	-0.04	0.53	0.94	0.89	-0.55	0.83	0.63	0.87	0.7	0.66
Property Plant And Equipment Net	0.94	0.51	-0.33	0.89	0.95		0.57	0.95	-0.21	0.97	-0.22	0.6	0.73	0.5	0.92	0.72	0.08	0.6	0.95	0.87	-0.73	0.83	0.47	0.78	0.59	0.57
Net Debt	0.7	0.98	-0.55	0.51	0.45	0.57		0.49	-0.02	0.63	-0.02	0.9	0.66	0.97	0.71	0.18	-0.35	0.95	0.4	0.73	-0.47	0.77	-0.37	0.48	0.52	0.66
Retained Earnings	0.96	0.46	-0.23	0.96	1.0	0.95	0.49		-0.1	0.97	-0.11	0.6	0.76	0.46	0.95	0.82	-0.11	0.57	0.93	0.92	-0.54	0.86	0.6	0.88	0.73	0.71
Cash	-0.03	0.18	-0.04	-0.03	-0.14	-0.21	-0.02	-0.1		-0.19	1.0	0.14	-0.25	0.2	-0.07	-0.33	-0.59	0.18	-0.2	0.11	0.24	-0.19	-0.14	0.02	0.22	0.27
Non Current Assets Total	0.98	0.58	-0.33	0.94	0.97	0.97	0.63	0.97	-0.19		-0.19	0.66	0.79	0.58	0.96	0.74	-0.05	0.67	0.93	0.92	-0.66	0.93	0.46	0.87	0.68	0.68
Cash And Short Term Investments	-0.03	0.18	-0.05	-0.03	-0.14	-0.22	-0.02	-0.11	1.0	-0.19		0.14	-0.25	0.2	-0.07	-0.34	-0.59	0.18	-0.2	0.1	0.24	-0.19	-0.15	0.01	0.22	0.27
Net Receivables	0.76	0.91	-0.37	0.64	0.56	0.6	0.9	0.6	0.14	0.66	0.14		0.71	0.92	0.75	0.28	-0.5	0.96	0.43	0.81	-0.38	0.77	-0.17	0.58	0.79	0.87
Common Stock Shares Outstanding	0.81	0.59	-0.19	0.74	0.75	0.73	0.66	0.76	-0.25	0.79	-0.25	0.71		0.59	0.8	0.52	-0.13	0.64	0.58	0.79	-0.38	0.86	0.24	0.77	0.62	0.69
Non Current Liabilities Total	0.67	1.0	-0.56	0.49	0.41	0.5	0.97	0.46	0.2	0.58	0.2	0.92	0.59		0.68	0.11	-0.47	0.98	0.35	0.73	-0.4	0.72	-0.39	0.49	0.58	0.72
Inventory	0.99	0.68	-0.44	0.94	0.93	0.92	0.71	0.95	-0.07	0.96	-0.07	0.75	0.8	0.68		0.74	-0.22	0.76	0.88	0.98	-0.51	0.91	0.34	0.86	0.75	0.78
Other Current Assets	0.71	0.11	-0.24	0.77	0.83	0.72	0.18	0.82	-0.33	0.74	-0.34	0.28	0.52	0.11	0.74		0.05	0.24	0.79	0.65	-0.23	0.59	0.67	0.7	0.55	0.48
Other Stockholder Equity	-0.22	-0.46	-0.04	-0.25	-0.04	0.08	-0.35	-0.11	-0.59	-0.05	-0.59	-0.5	-0.13	-0.47	-0.22	0.05		-0.47	0.12	-0.37	-0.35	-0.24	0.22	-0.2	-0.53	-0.69
Total Liab	0.76	0.97	-0.52	0.62	0.53	0.6	0.95	0.57	0.18	0.67	0.18	0.96	0.64	0.98	0.76	0.24	-0.47		0.47	0.81	-0.42	0.78	-0.24	0.59	0.72	0.81
Property Plant And Equipment Gross	0.88	0.36	-0.36	0.89	0.94	0.95	0.4	0.93	-0.2	0.93	-0.2	0.43	0.58	0.35	0.88	0.79	0.12	0.47		0.8	-0.62	0.75	0.58	0.78	0.56	0.49
Total Current Assets	0.98	0.74	-0.4	0.93	0.89	0.87	0.73	0.92	0.11	0.92	0.1	0.81	0.79	0.73	0.98	0.65	-0.37	0.81	0.8		-0.47	0.89	0.29	0.87	0.79	0.86
Short Term Debt	-0.57	-0.41	0.19	-0.46	-0.55	-0.73	-0.47	-0.54	0.24	-0.66	0.24	-0.38	-0.38	-0.4	-0.51	-0.23	-0.35	-0.42	-0.62	-0.47		-0.55	-0.21	-0.43	-0.16	-0.12
Intangible Assets	0.93	0.72	-0.28	0.87	0.83	0.83	0.77	0.86	-0.19	0.93	-0.19	0.77	0.86	0.72	0.91	0.59	-0.24	0.78	0.75	0.89	-0.55		0.27	0.85	0.72	0.77
Non Currrent Assets Other	0.38	-0.39	0.35	0.55	0.63	0.47	-0.37	0.6	-0.14	0.46	-0.15	-0.17	0.24	-0.39	0.34	0.67	0.22	-0.24	0.58	0.29	-0.21	0.27		0.55	0.32	0.15
Accounts Payable	0.89	0.47	-0.23	0.92	0.87	0.78	0.48	0.88	0.02	0.87	0.01	0.58	0.77	0.49	0.86	0.7	-0.2	0.59	0.78	0.87	-0.43	0.85	0.55		0.73	0.73
Common Stock Total Equity	0.76	0.56	-0.16	0.77	0.7	0.59	0.52	0.73	0.22	0.68	0.22	0.79	0.62	0.58	0.75	0.55	-0.53	0.72	0.56	0.79	-0.16	0.72	0.32	0.73		0.95
Common Stock	0.79	0.71	-0.23	0.77	0.66	0.57	0.66	0.71	0.27	0.68	0.27	0.87	0.69	0.72	0.78	0.48	-0.69	0.81	0.49	0.86	-0.12	0.77	0.15	0.73	0.95

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Acme United Account Relationship Matchups

Acme United fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	110.7M	129.9M	144.4M	164.4M	152.6M	160.2M
Short Long Term Debt Total	39.7M	48.0M	48.5M	63.8M	25.9M	20.8M
Other Current Liab	8.6M	11.5M	9.9M	(295.2M)	12.4M	13.0M
Total Current Liabilities	16.6M	20.2M	20.2M	22.1M	26.0M	27.3M
Total Stockholder Equity	55.7M	62.7M	77.1M	79.0M	97.9M	102.8M
Property Plant And Equipment Net	17.0M	22.7M	27.2M	29.0M	30.0M	31.5M
Net Debt	32.9M	43.8M	43.7M	57.7M	20.4M	17.4M
Retained Earnings	51.6M	58.0M	69.9M	71.0M	86.7M	91.1M
Cash	6.8M	4.2M	4.8M	6.1M	5.5M	3.6M
Non Current Assets Total	37.6M	46.2M	49.2M	58.8M	60.6M	63.6M
Cash And Short Term Investments	6.8M	4.2M	4.8M	6.1M	5.5M	3.5M
Net Receivables	25.5M	27.2M	34.2M	32.6M	26.2M	14.1M
Common Stock Shares Outstanding	3.5M	3.5M	4.0M	3.7M	3.7M	3.8M
Liabilities And Stockholders Equity	110.7M	129.9M	144.4M	164.4M	152.6M	160.2M
Non Current Liabilities Total	38.4M	47.0M	47.1M	63.2M	28.7M	19.7M
Inventory	39.3M	50.7M	53.6M	63.3M	55.5M	58.2M
Other Current Assets	1.6M	1.6M	2.6M	3.6M	4.8M	5.0M
Other Stockholder Equity	(6.0M)	(6.6M)	(4.1M)	(2.5M)	(77.8K)	(73.9K)
Total Liab	55.0M	67.2M	67.4M	85.3M	54.7M	31.5M
Property Plant And Equipment Gross	17.0M	39.2M	27.2M	50.1M	56.6M	59.4M
Total Current Assets	73.1M	83.7M	95.3M	105.6M	92.0M	96.6M
Accumulated Other Comprehensive Income	(2.0M)	(826.0K)	(1.4M)	(2.1M)	(1.7M)	(1.8M)
Short Term Debt	1.3M	1.1M	1.4M	1.5M	1.5M	1.4M
Intangible Assets	15.8M	18.7M	17.2M	20.8M	19.0M	20.0M
Non Currrent Assets Other	89K	(110.2M)	(599.3K)	(305.3M)	899.3M	944.3M
Accounts Payable	6.7M	7.6M	9.0M	10.5M	12.1M	12.7M
Other Liab	81.6K	110.2K	629K	927.7K	835.0K	542.6K
Other Assets	202.3K	88.8K	0.0	750K	675K	756.5K
Long Term Debt	33.2M	45.2M	44.7M	60.6M	23.4M	23.8M
Property Plant Equipment	14.0M	22.7M	27.2M	29.0M	33.4M	35.1M
Net Tangible Assets	35.2M	39.2M	55.1M	50.1M	57.6M	36.9M
Retained Earnings Total Equity	47.5M	51.6M	58.0M	71.0M	81.6M	46.7M
Long Term Debt Total	33.2M	45.2M	44.7M	61.5M	70.8M	38.8M
Capital Surpluse	8.3M	7.9M	11.9M	13.4M	15.5M	9.4M

Pair Trading with Acme United

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Acme United position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Acme United will appreciate offsetting losses from the drop in the long position's value.

Moving together with Acme Stock

0.67	LZ	LegalZoom	Pair Corr
0.62	DRVN	Driven Brands Holdings	Pair Corr

Moving against Acme Stock

0.61	VRSK	Verisk Analytics	Pair Corr
0.52	EXPO	Exponent	Pair Corr
0.48	DLX	Deluxe	Pair Corr
0.46	FA	First Advantage Corp	Pair Corr
0.45	EBF	Ennis Inc	Pair Corr

The ability to find closely correlated positions to Acme United could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acme United when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Acme United - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Acme United to buy it.

The correlation of Acme United is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Acme United moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Acme United moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Acme United can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Acme Stock Analysis

When running Acme United's price analysis, check to measure Acme United's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Acme United is operating at the current time. Most of Acme United's value examination focuses on studying past and present price action to predict the probability of Acme United's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Acme United's price. Additionally, you may evaluate how the addition of Acme United to your portfolios can decrease your overall portfolio volatility.

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