Stonex Income Before Tax vs Tax Provision Analysis
SNEX Stock | USD 75.44 0.50 0.67% |
Stonex financial indicator trend analysis is much more than just breaking down Stonex Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Stonex Group is a good investment. Please check the relationship between Stonex Income Before Tax and its Tax Provision accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stonex Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Income Before Tax vs Tax Provision
Income Before Tax vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Stonex Group Income Before Tax account and Tax Provision. At this time, the significance of the direction appears to have strong relationship.
The correlation between Stonex's Income Before Tax and Tax Provision is 0.72. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Stonex Group, assuming nothing else is changed. The correlation between historical values of Stonex's Income Before Tax 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 Income Before Tax of Stonex Group 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 Income Before Tax i.e., Stonex's Income Before Tax and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.72 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Stonex income statement and is an important metric when analyzing Stonex Group 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.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 Stonex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Stonex Group 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Stonex Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. At this time, Stonex's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 102 M in 2024, whereas Discontinued Operations is likely to drop (283.5 K) in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 135.5M | 802.2M | 922.5M | 968.7M | Depreciation And Amortization | 66M | 51M | 58.7M | 61.6M |
Stonex fundamental ratios Correlations
Click cells to compare fundamentals
Stonex Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Stonex fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 28.8M | 29.5M | 30.1M | 30.9M | 35.6M | 37.3M | |
Total Assets | 3.0B | 3.3B | 3.4B | 21.9B | 25.2B | 26.5B | |
Other Current Liab | 1.8B | 1.7B | 1.9B | 442.4M | 508.8M | 662.2M | |
Total Current Liabilities | 1.9B | 1.7B | 2.0B | 11.3B | 13.0B | 13.7B | |
Total Stockholder Equity | 603M | 882M | 780M | 1.4B | 1.6B | 1.7B | |
Property Plant And Equipment Net | 130M | 66M | 55M | 245.6M | 282.4M | 296.6M | |
Net Debt | (182.3M) | (465.4M) | 5.0B | 5.4B | 6.2B | 6.5B | |
Retained Earnings | (144M) | 74M | (119M) | 1.1B | 1.0B | 1.1B | |
Accounts Payable | 50M | 86M | 98M | 10.6B | 12.1B | 12.7B | |
Cash | 301M | 612M | 354M | 1.1B | 1.3B | 1.3B | |
Non Current Assets Total | 580M | 589M | 831M | 8.6B | 9.9B | 10.4B | |
Non Currrent Assets Other | (36.9M) | (35.1M) | (52M) | 207.9M | 187.1M | 196.5M | |
Cash And Short Term Investments | 358M | 747M | 430M | 1.1B | 1.3B | 1.3B | |
Net Receivables | 2.1B | 2.7B | 1.8B | 1.8B | 2.1B | 1.2B | |
Liabilities And Stockholders Equity | 13.5B | 18.8B | 19.9B | 21.9B | 25.2B | 26.5B | |
Non Current Liabilities Total | 348M | 495M | 496M | 9.2B | 10.6B | 11.1B | |
Other Current Assets | (605M) | (1.5B) | (398.6M) | 9.9B | 8.9B | 9.3B | |
Other Stockholder Equity | 40.1M | 25.1M | 90.6M | 302.6M | 348.0M | 365.4M | |
Total Liab | 2.4B | 2.4B | 2.7B | 20.6B | 23.6B | 24.8B | |
Property Plant And Equipment Gross | 163.6M | 280.6M | 234.7M | 245.6M | 282.4M | 296.6M | |
Total Current Assets | 2.2B | 2.4B | 2.3B | 13.3B | 15.3B | 16.1B | |
Accumulated Other Comprehensive Income | (40.1M) | (25.1M) | (90.6M) | (51.8M) | (46.6M) | (44.3M) | |
Common Stock | 747M | 808M | 899M | 200K | 230K | 218.5K | |
Intangible Assets | 18M | 61M | 163M | 23.1M | 26.6M | 35.5M | |
Short Long Term Debt Total | 118.7M | 146.6M | 5.4B | 6.5B | 7.4B | 7.8B | |
Inventory | 281.1M | 447.5M | 513.5M | 537.3M | 617.9M | 648.8M | |
Short Term Debt | 268.1M | 248.6M | 485.1M | 341M | 392.2M | 702.9M | |
Short Term Investments | 57M | 135M | 76M | 2.4B | 2.8B | 2.9B | |
Current Deferred Revenue | (4.4B) | (268.1M) | (248.6M) | (485.1M) | (436.6M) | (458.4M) | |
Other Assets | 308M | 303M | 281M | 286M | 328.9M | 226.7M | |
Net Tangible Assets | 526.3M | 658M | 803.2M | 983.9M | 1.1B | 1.2B | |
Long Term Debt | 5.4B | 507M | 5.2B | 6.0B | 6.9B | 7.2B | |
Long Term Investments | 5.9B | 4.4B | 5.4B | 8.0B | 9.2B | 9.7B | |
Non Current Liabilities Other | 686M | 6.3B | 2.5B | 3.1B | 3.5B | 2.7B |
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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.When determining whether Stonex Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Stonex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Stonex Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Stonex Group Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stonex Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Stonex Group information on this page should be used as a complementary analysis to other Stonex'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 Global Correlations module to find global opportunities by holding instruments from different markets.
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Is Stonex'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 Stonex. If investors know Stonex 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 Stonex 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 0.254 | Earnings Share 8.25 | Revenue Per Share 2.4 K | Quarterly Revenue Growth 0.367 | Return On Assets 0.0102 |
The market value of Stonex Group is measured differently than its book value, which is the value of Stonex that is recorded on the company's balance sheet. Investors also form their own opinion of Stonex's value that differs from its market value or its book value, called intrinsic value, which is Stonex'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 Stonex's market value can be influenced by many factors that don't directly affect Stonex'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 Stonex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Stonex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Stonex'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.