Canterbury Other Operating Expenses vs Tax Provision Analysis
CPHC Stock | USD 23.50 0.02 0.09% |
Canterbury Park financial indicator trend analysis is way more than just evaluating Canterbury Park Holding prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canterbury Park Holding is a good investment. Please check the relationship between Canterbury Park Other Operating Expenses and its Tax Provision accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canterbury Park Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
Other Operating Expenses vs Tax Provision
Other Operating Expenses vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canterbury Park Holding Other Operating Expenses account and Tax Provision. At this time, the significance of the direction appears to have very week relationship.
The correlation between Canterbury Park's Other Operating Expenses and Tax Provision is 0.24. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Canterbury Park Holding, assuming nothing else is changed. The correlation between historical values of Canterbury Park's Other Operating Expenses 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 Other Operating Expenses of Canterbury Park Holding 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 Other Operating Expenses i.e., Canterbury Park's Other Operating Expenses and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.24 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Canterbury Park Holding. It is also known as Canterbury Park overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.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 Canterbury Park's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canterbury Park Holding 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 Canterbury Park Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. At present, Canterbury Park's Enterprise Value Over EBITDA is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 10.11, whereas Selling General Administrative is forecasted to decline to about 21.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 47.9M | 52.9M | 20.2M | 32.2M | Total Revenue | 60.4M | 66.8M | 61.4M | 47.3M |
Canterbury Park fundamental ratios Correlations
Click cells to compare fundamentals
Canterbury Park Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canterbury Park fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 65.4M | 68.8M | 83.1M | 92.3M | 105.0M | 110.2M | |
Other Current Liab | 6.4M | 6.7M | 6.7M | 6.6M | 6.2M | 4.5M | |
Total Current Liabilities | 11.5M | 10.1M | 9.8M | 10.4M | 11.1M | 7.2M | |
Total Stockholder Equity | 49.4M | 51.3M | 64.4M | 71.2M | 81.8M | 85.9M | |
Property Plant And Equipment Net | 43.9M | 33.6M | 34.4M | 36.5M | 44.3M | 26.0M | |
Net Debt | (184.3K) | 233.7K | (11.8M) | (13.0M) | (25.8M) | (24.5M) | |
Retained Earnings | 26.6M | 27.6M | 39.4M | 45.2M | 54.4M | 57.1M | |
Accounts Payable | 3.5M | 3.0M | 2.3M | 3.4M | 4.6M | 2.4M | |
Cash | 355.4K | (116.8K) | 11.9M | 13.0M | 25.8M | 27.1M | |
Non Current Assets Total | 61.5M | 59.4M | 58.7M | 61.6M | 68.7M | 72.1M | |
Cash And Short Term Investments | 459.3K | (116.8K) | 11.9M | 18.0M | 30.8M | 32.4M | |
Net Receivables | 302.0K | 4.3M | 8.0M | 8.8M | 4.6M | 4.8M | |
Common Stock Shares Outstanding | 4.6M | 4.7M | 4.8M | 4.9M | 4.9M | 4.4M | |
Liabilities And Stockholders Equity | 65.4M | 68.8M | 83.1M | 92.3M | 105.0M | 110.2M | |
Other Current Assets | 2.8M | 5.1M | 4.3M | 11.8K | 645.4K | 613.2K | |
Other Stockholder Equity | 22.7M | 23.6M | 24.9M | 25.9M | 27.4M | 29.9M | |
Total Liab | 16.0M | 17.5M | 18.7M | 21.1M | 23.2M | 24.3M | |
Property Plant And Equipment Gross | 43.9M | 38.4M | 70.7M | 71.3M | 76.5M | 80.3M | |
Total Current Assets | 4.0M | 9.5M | 24.4M | 30.7M | 36.3M | 38.1M | |
Non Currrent Assets Other | 14.6M | 18.3M | 17.9M | 18.2M | 11.0K | 10.4K | |
Inventory | 390.1K | 218.8K | 248.4K | 262.1K | 249.4K | 207.6K | |
Short Long Term Debt Total | 171.1K | 116.8K | 68.8K | 19.0K | 62.4K | 59.3K | |
Short Term Debt | 54.3K | 48.0K | 49.8K | 19.0K | 27.0K | 25.6K | |
Other Assets | 23.7M | 59.35 | 17.9M | 18.2M | 163.2K | 155.0K | |
Common Stock Total Equity | 45.3K | 46.4K | 47.5K | 48.9K | 56.2K | 45.4K | |
Common Stock | 46.4K | 47.5K | 48.1K | 48.9K | 49.6K | 46.1K | |
Property Plant Equipment | 34.7M | 33.6M | 34.4M | 36.5M | 42.0M | 28.8M | |
Short Term Investments | 103.9K | 7.52 | 0.0 | 5M | 5.8M | 6.0M | |
Non Current Liabilities Total | 4.5M | 7.4M | 8.9M | 10.7M | 12.1M | 12.7M | |
Other Liab | 4.4M | 7.3M | 8.9M | 10.7M | 12.3M | 12.9M | |
Net Tangible Assets | 49.4M | 51.3M | 64.4M | 71.2M | 81.9M | 49.8M | |
Deferred Long Term Liab | 4.0M | 4.4M | 7.3M | 7.5M | 8.6M | 4.5M | |
Current Deferred Revenue | 1.5M | 435.9K | 733.3K | 413.4K | 274.9K | 261.2K | |
Capital Surpluse | 21.4M | 22.7M | 23.6M | 25.9M | 29.8M | 23.6M | |
Retained Earnings Total Equity | 25.3M | 26.6M | 27.6M | 45.2M | 52.0M | 29.9M | |
Capital Lease Obligations | 171.1K | 116.8K | 68.8K | 19.0K | 62.4K | 64.0K | |
Long Term Investments | 3.0M | 7.5M | 6.4M | 22.7M | 6.6M | 7.4M |
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 Canterbury Park Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the Canterbury Park Holding information on this page should be used as a complementary analysis to other Canterbury Park's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for Canterbury Stock analysis
When running Canterbury Park's price analysis, check to measure Canterbury Park'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 Canterbury Park is operating at the current time. Most of Canterbury Park's value examination focuses on studying past and present price action to predict the probability of Canterbury Park's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canterbury Park's price. Additionally, you may evaluate how the addition of Canterbury Park to your portfolios can decrease your overall portfolio volatility.
Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets |
Is Canterbury Park'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 Canterbury Park. If investors know Canterbury 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 Canterbury Park 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 (0.64) | Dividend Share 0.28 | Earnings Share 1.77 | Revenue Per Share 12.599 | Quarterly Revenue Growth 0.06 |
The market value of Canterbury Park Holding is measured differently than its book value, which is the value of Canterbury that is recorded on the company's balance sheet. Investors also form their own opinion of Canterbury Park's value that differs from its market value or its book value, called intrinsic value, which is Canterbury Park'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 Canterbury Park's market value can be influenced by many factors that don't directly affect Canterbury Park'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 Canterbury Park's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canterbury Park is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canterbury Park'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.