Fox Tax Provision vs Other Operating Expenses Analysis
FOXF Stock | USD 45.48 1.49 3.17% |
Fox Factory financial indicator trend analysis is much more than just examining Fox Factory Holding latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fox Factory Holding is a good investment. Please check the relationship between Fox Factory Tax Provision and its Other Operating Expenses accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fox Factory 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 interest.
Tax Provision vs Other Operating Expenses
Tax Provision vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fox Factory Holding Tax Provision account and Other Operating Expenses. At this time, the significance of the direction appears to have strong relationship.
The correlation between Fox Factory's Tax Provision and Other Operating Expenses is 0.76. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Fox Factory Holding, assuming nothing else is changed. The correlation between historical values of Fox Factory's Tax Provision and Other Operating Expenses 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 Fox Factory Holding are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Tax Provision i.e., Fox Factory's Tax Provision and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.76 |
Relationship Direction | Positive |
Relationship Strength | Significant |
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.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Fox Factory Holding. It is also known as Fox Factory 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.Most indicators from Fox Factory's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fox Factory 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fox Factory 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 interest. At this time, Fox Factory's Enterprise Value Multiple is most likely to increase in the upcoming years.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 8.2M | 8.9M | 19.3M | 20.3M | Depreciation And Amortization | 20.3M | 17.5M | 58.6M | 61.5M |
Fox Factory fundamental ratios Correlations
Click cells to compare fundamentals
Fox Factory Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Fox Factory fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 39.2M | 40.8M | 42.4M | 42.4M | 42.4M | 41.6M | |
Total Assets | 609.3M | 1.3B | 1.5B | 1.6B | 2.2B | 2.4B | |
Short Long Term Debt Total | 68M | 389.6M | 378.5M | 210.3M | 757.6M | 795.5M | |
Other Current Liab | 30.4M | 60.5M | 112.4M | 117.4M | 103.4M | 108.6M | |
Total Current Liabilities | 91.8M | 165.4M | 229.9M | 258.9M | 207.6M | 124.6M | |
Total Stockholder Equity | 422.2M | 719.2M | 894.1M | 1.1B | 1.2B | 1.3B | |
Other Liab | 11.6M | 24.9M | 30.8M | 963K | 1.1M | 1.1M | |
Property Plant And Equipment Net | 125.9M | 189.4M | 230.8M | 250.3M | 321.5M | 337.6M | |
Net Debt | 24.3M | 143.8M | 198.8M | 65.1M | 674.0M | 707.7M | |
Retained Earnings | 312.5M | 395.0M | 558.8M | 764.1M | 878.1M | 922.0M | |
Accounts Payable | 55.1M | 92.4M | 100.0M | 131.2M | 104.2M | 62.9M | |
Cash | 43.7M | 245.8M | 179.7M | 145.3M | 83.6M | 68.6M | |
Non Current Assets Total | 327.5M | 704.6M | 791.1M | 820.7M | 1.5B | 1.5B | |
Non Currrent Assets Other | 451K | 2.0M | 1.4M | 5.0M | 8.1M | 8.5M | |
Other Assets | 26.2M | 1K | 40.0M | 62.3M | 71.7M | 75.2M | |
Long Term Debt | 68M | 377.1M | 361.0M | 200M | 743.5M | 780.7M | |
Cash And Short Term Investments | 43.7M | 245.8M | 179.7M | 145.3M | 83.6M | 68.6M | |
Net Receivables | 91.6M | 121.2M | 142.0M | 200.4M | 171.1M | 92.1M | |
Good Will | 93.5M | 289.3M | 323.3M | 324.0M | 636.6M | 668.4M | |
Liabilities And Stockholders Equity | 609.3M | 1.3B | 1.5B | 1.6B | 2.2B | 2.4B | |
Non Current Liabilities Total | 95.3M | 402.0M | 391.8M | 238.1M | 813.0M | 853.6M | |
Inventory | 128.5M | 127.1M | 279.8M | 350.6M | 371.8M | 390.4M | |
Other Current Assets | 17.9M | 12.4M | 10.5M | 101.4M | 18.6M | 21.5M | |
Other Stockholder Equity | 109.5M | 323.1M | 330.4M | 342.5M | 334.6M | 177.8M | |
Total Liab | 187.1M | 567.4M | 621.6M | 497.0M | 1.0B | 1.1B | |
Property Plant And Equipment Gross | 125.9M | 189.4M | 230.8M | 250.3M | 442.6M | 464.7M | |
Total Current Assets | 281.8M | 582.0M | 724.7M | 797.7M | 768.1M | 806.5M | |
Accumulated Other Comprehensive Income | 150K | 1.1M | 4.9M | 14.8M | 9.0M | 9.5M | |
Short Term Debt | 6.2M | 12.5M | 17.5M | 10.3M | 14.1M | 7.8M | |
Intangible Assets | 81.9M | 204.5M | 197.0M | 179.0M | 483.3M | 507.5M | |
Property Plant Equipment | 108.4M | 163.3M | 230.8M | 250.3M | 287.9M | 302.3M | |
Current Deferred Revenue | 6.6M | 6.7M | 172K | (14.1M) | (12.7M) | (12.1M) | |
Net Tangible Assets | 262.4M | 719.2M | 373.8M | 618.4M | 711.2M | 746.8M | |
Retained Earnings Total Equity | 135.9M | 219.7M | 312.5M | 395.0M | 454.2M | 476.9M | |
Long Term Debt Total | 93.6M | 52.5M | 68M | 377.1M | 433.7M | 455.3M | |
Capital Surpluse | 112.8M | 116.0M | 123.3M | 336.8M | 387.4M | 406.7M |
Currently Active Assets on Macroaxis
VWITX | Vanguard Intermediate Term Tax Exempt | |
VGSTX | Vanguard Star Fund | |
VFIAX | Vanguard 500 Index | |
VTCLX | Vanguard Tax Managed Capital | |
VTSAX | Vanguard Total Stock |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fox Factory 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 interest. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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Is Fox Factory'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 Fox Factory. If investors know Fox 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 Fox Factory 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 (0.92) | Earnings Share 1.79 | Revenue Per Share 33.168 | Quarterly Revenue Growth (0.17) | Return On Assets 0.0403 |
The market value of Fox Factory Holding is measured differently than its book value, which is the value of Fox that is recorded on the company's balance sheet. Investors also form their own opinion of Fox Factory's value that differs from its market value or its book value, called intrinsic value, which is Fox Factory'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 Fox Factory's market value can be influenced by many factors that don't directly affect Fox Factory'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 Fox Factory's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fox Factory is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fox Factory'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.