EPlus Tax Provision from 2010 to 2024
| PLUS Stock | USD 79.55 0.27 0.34% |
Tax Provision | First Reported 2018-12-31 | Previous Quarter 12.3 M | Current Value 11.1 M | Quarterly Volatility 2.6 M |
Check EPlus financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among EPlus main balance sheet or income statement drivers, such as Depreciation And Amortization of 12.4 M, Interest Expense of 5 M or Total Revenue of 2.5 B, as well as many exotic indicators such as Price To Sales Ratio of 0.38, Dividend Yield of 1.0E-4 or PTB Ratio of 2.19. EPlus financial statements analysis is a perfect complement when working with EPlus Valuation or Volatility modules.
EPlus | Tax Provision |
Latest EPlus' Tax Provision Growth Pattern
Below is the plot of the Tax Provision of ePlus inc over the last few years. It is the amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities. EPlus' Tax Provision historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in EPlus' overall financial position and show how it may be relating to other accounts over time.
| Tax Provision | 10 Years Trend |
|
Tax Provision |
| Timeline |
EPlus Tax Provision Regression Statistics
| Arithmetic Mean | 34,083,460 | |
| Geometric Mean | 33,499,981 | |
| Coefficient Of Variation | 19.75 | |
| Mean Deviation | 4,836,347 | |
| Median | 32,473,000 | |
| Standard Deviation | 6,731,912 | |
| Sample Variance | 45.3T | |
| Range | 27.1M | |
| R-Value | 0.48 | |
| Mean Square Error | 37.6T | |
| R-Squared | 0.23 | |
| Significance | 0.07 | |
| Slope | 720,066 | |
| Total Sum of Squares | 634.5T |
EPlus Tax Provision History
About EPlus Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include EPlus income statement, its balance sheet, and the statement of cash flows. EPlus investors use historical funamental indicators, such as EPlus's Tax Provision, to determine how well the company is positioned to perform in the future. Although EPlus investors may use each financial statement separately, they are all related. The changes in EPlus's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on EPlus's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on EPlus Financial Statements. Understanding these patterns can help to make the right decision on long term investment in EPlus. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Tax Provision | 50.2 M | 36.1 M |
Pair Trading with EPlus
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 EPlus 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 EPlus will appreciate offsetting losses from the drop in the long position's value.Moving against EPlus Stock
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| 0.79 | NTCT | NetScout Systems Financial Report 25th of July 2024 | PairCorr |
| 0.71 | KULR | KULR Technology Group | PairCorr |
The ability to find closely correlated positions to EPlus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EPlus 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 EPlus - 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 ePlus inc to buy it.
The correlation of EPlus 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 EPlus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ePlus inc 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 EPlus 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.Check out the analysis of EPlus Correlation against competitors. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for EPlus Stock analysis
When running EPlus' price analysis, check to measure EPlus' 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 EPlus is operating at the current time. Most of EPlus' value examination focuses on studying past and present price action to predict the probability of EPlus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EPlus' price. Additionally, you may evaluate how the addition of EPlus to your portfolios can decrease your overall portfolio volatility.
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Is EPlus' 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 EPlus. If investors know EPlus 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 EPlus 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 (0.24) | Earnings Share 4.76 | Revenue Per Share 81.326 | Quarterly Revenue Growth (0.18) | Return On Assets 0.0684 |
The market value of ePlus inc is measured differently than its book value, which is the value of EPlus that is recorded on the company's balance sheet. Investors also form their own opinion of EPlus' value that differs from its market value or its book value, called intrinsic value, which is EPlus' 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 EPlus' market value can be influenced by many factors that don't directly affect EPlus' 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 EPlus' value and its price as these two are different measures arrived at by different means. Investors typically determine if EPlus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EPlus' 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.