Great Tax Provision vs Income Before Tax Analysis
AJX Stock | USD 3.67 0.01 0.27% |
Great Ajax financial indicator trend analysis is much more than just examining Great Ajax Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Great Ajax Corp is a good investment. Please check the relationship between Great Ajax Tax Provision and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Great Ajax Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation.
Tax Provision vs Income Before Tax
Tax Provision vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Great Ajax Corp Tax Provision account and Income Before Tax. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Great Ajax's Tax Provision and Income Before Tax is -0.34. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Great Ajax Corp, assuming nothing else is changed. The correlation between historical values of Great Ajax's Tax Provision and Income Before Tax 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 Great Ajax Corp are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Tax Provision i.e., Great Ajax's Tax Provision and Income Before Tax go up and down completely randomly.
Correlation Coefficient | -0.34 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
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.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Great Ajax income statement and is an important metric when analyzing Great Ajax Corp profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Most indicators from Great Ajax's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Great Ajax Corp 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 Great Ajax Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation. At this time, Great Ajax's Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 25 M in 2024, whereas Selling General Administrative is likely to drop slightly above 3 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 15.2M | 19.3M | 47.6M | 30.9M | Total Revenue | 31.9M | 35.6M | 62.7M | 39.7M |
Great Ajax fundamental ratios Correlations
Click cells to compare fundamentals
Great Ajax Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Great Ajax fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.6B | 1.7B | 1.8B | 1.5B | 1.3B | 1.4B | |
Short Long Term Debt Total | 771.5M | 695.5M | 678.4M | 677.5M | 997.3M | 675.7M | |
Total Current Liabilities | 421.2M | 443.8M | 580.8M | 106.0M | 375.7M | 341.7M | |
Total Stockholder Equity | 359.9M | 485.4M | 497.3M | 335.3M | 308.9M | 356.4M | |
Net Tangible Assets | 359.9M | 370.2M | 382.2M | 300.8M | 345.9M | 325.9M | |
Net Debt | 707.2M | 588.3M | 594.0M | 629.7M | 944.5M | 611.3M | |
Retained Earnings | 49.4M | 53.3M | 66.4M | 13.3M | (54.4M) | (51.7M) | |
Accounts Payable | 7.1M | 22.6M | 11.1M | 11.4M | 13.2M | 8.9M | |
Cash | 64.3M | 107.1M | 84.4M | 47.8M | 52.8M | 64.4M | |
Non Current Assets Total | 319.3M | 393.9M | 521.8M | 421.8M | 407.8M | 552.7M | |
Non Currrent Assets Other | (1.5M) | (719K) | (521.8M) | (421.8M) | (323.4M) | (307.2M) | |
Other Assets | 1.2B | 1.1B | 1.1B | 25.7M | 744.1M | 458.1M | |
Long Term Debt | 118.8M | 110.1M | 102.8M | 210.3M | 621.6M | 383.4M | |
Cash And Short Term Investments | 64.3M | 107.1M | 84.4M | 1.0B | 52.8M | 50.2M | |
Net Receivables | 17.0M | 15.8M | 20.9M | 7.5M | 7.3M | 13.1M | |
Common Stock Total Equity | 222K | 231K | 233K | 241K | 277.2K | 213.5K | |
Common Stock Shares Outstanding | 28.2M | 22.6M | 30.3M | 23.0M | 24.3M | 24.9M | |
Liabilities And Stockholders Equity | 1.6B | 1.7B | 1.8B | 1.5B | 1.3B | 1.4B | |
Non Current Liabilities Total | 771.5M | 695.5M | 678.4M | 1.0B | 103.5M | 98.3M | |
Other Current Assets | (81.4M) | (124.0M) | (109.6M) | (57.2M) | (60.1M) | (63.1M) | |
Other Stockholder Equity | 308.9M | 316.3M | 314.5M | 312.9M | 342.5M | 299.8M | |
Total Liab | 771.5M | 695.5M | 678.4M | 1.1B | 1.0B | 860.0M | |
Long Term Investments | 1.5B | 1.5B | 1.5B | 1.2B | 323.4M | 307.2M | |
Total Current Assets | 81.4M | 122.9M | 105.3M | 1.0B | 184.4M | 174.0M | |
Short Term Debt | 414.1M | 421.1M | 546.1M | 106.0M | 375.7M | 341.6M | |
Common Stock | 222K | 231K | 233K | 241K | 285K | 223.5K | |
Property Plant Equipment | 1.5M | 719K | 6.1M | 6.3M | 7.3M | 4.3M | |
Other Current Liab | 7.1M | 22.6M | 34.7M | (375.7M) | (338.2M) | (321.3M) | |
Noncontrolling Interest In Consolidated Entity | 24.2M | 29.1M | 3.2M | 2.1M | 1.9M | 1.8M | |
Retained Earnings Total Equity | 49.4M | 53.3M | 66.4M | 13.3M | 15.3M | 14.5M | |
Long Term Debt Total | 118.8M | 110.1M | 102.8M | 210.3M | 189.3M | 278.0M | |
Capital Surpluse | 309.4M | 317.4M | 316.2M | 322.4M | 370.8M | 307.6M | |
Accumulated Other Comprehensive Income | 1.3M | 375K | 1.0M | (25.6M) | (14.0M) | (13.3M) | |
Treasury Stock | (458K) | (1.2M) | (1.7M) | (9.5M) | (8.6M) | (8.1M) |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.C | Citigroup | |
CRM | Salesforce | |
MSFT | Microsoft |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Great Ajax Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for Great Stock analysis
When running Great Ajax's price analysis, check to measure Great Ajax'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 Great Ajax is operating at the current time. Most of Great Ajax's value examination focuses on studying past and present price action to predict the probability of Great Ajax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Great Ajax's price. Additionally, you may evaluate how the addition of Great Ajax to your portfolios can decrease your overall portfolio volatility.
Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios |
Is Great Ajax's industry 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 Great Ajax. If investors know Great 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 Great Ajax listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.50) | Dividend Share 0.51 | Earnings Share (4.08) | Revenue Per Share (2.62) | Quarterly Revenue Growth (0.82) |
The market value of Great Ajax Corp is measured differently than its book value, which is the value of Great that is recorded on the company's balance sheet. Investors also form their own opinion of Great Ajax's value that differs from its market value or its book value, called intrinsic value, which is Great Ajax'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 Great Ajax's market value can be influenced by many factors that don't directly affect Great Ajax'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 Great Ajax's value and its price as these two are different measures arrived at by different means. Investors typically determine if Great Ajax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Great Ajax'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.