Tilray Tax Provision from 2010 to 2024

TLRY Stock  USD 1.93  0.05  2.53%   
Tilray Tax Provision yearly trend continues to be fairly stable with very little volatility. Tax Provision is likely to outpace its year average in 2024. Tax Provision is the amount set aside by Tilray Inc to cover any estimated taxes for the current period. It reflects Tilray's expected tax liabilities. View All Fundamentals
 
Tax Provision  
First Reported
2019-03-31
Previous Quarter
-3.4 M
Current Value
-2.9 M
Quarterly Volatility
5.4 M
 
Covid
Check Tilray financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Tilray main balance sheet or income statement drivers, such as Interest Expense of 12.9 M, Selling General Administrative of 173.4 M or Other Operating Expenses of 845.5 M, as well as many exotic indicators such as Price To Sales Ratio of 1.8, Dividend Yield of 0.0 or PTB Ratio of 305. Tilray financial statements analysis is a perfect complement when working with Tilray Valuation or Volatility modules.
  
This module can also supplement Tilray's financial leverage analysis and stock options assessment as well as various Tilray Technical models . Check out the analysis of Tilray Correlation against competitors.

Latest Tilray's Tax Provision Growth Pattern

Below is the plot of the Tax Provision of Tilray 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. Tilray's Tax Provision historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Tilray's overall financial position and show how it may be relating to other accounts over time.
Tax Provision10 Years Trend
Slightly volatile
   Tax Provision   
       Timeline  

Tilray Tax Provision Regression Statistics

Arithmetic Mean(2,498,955)
Coefficient Of Variation(167.04)
Mean Deviation3,644,796
Median133,762
Standard Deviation4,174,263
Sample Variance17.4T
Range14.9M
R-Value(0.71)
Mean Square Error9.3T
R-Squared0.51
Significance0
Slope(663,325)
Total Sum of Squares243.9T

Tilray Tax Provision History

2024-6.1 M
2023-6.5 M
2022-7.2 M
2021-6.5 M
2020-5.6 M
2019-8.4 M
2018-4.5 M

About Tilray Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Tilray income statement, its balance sheet, and the statement of cash flows. Tilray investors use historical funamental indicators, such as Tilray's Tax Provision, to determine how well the company is positioned to perform in the future. Although Tilray investors may use each financial statement separately, they are all related. The changes in Tilray's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Tilray'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 Tilray Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Tilray. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Tax Provision-6.5 M-6.1 M

Currently Active Assets on Macroaxis

When determining whether Tilray Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tilray'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 Tilray Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tilray Inc Stock:
Check out the analysis of Tilray Correlation against competitors.
You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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Is Tilray'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 Tilray. If investors know Tilray 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 Tilray listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.44)
Revenue Per Share
1.042
Quarterly Revenue Growth
0.294
Return On Assets
(0.02)
Return On Equity
(0.1)
The market value of Tilray Inc is measured differently than its book value, which is the value of Tilray that is recorded on the company's balance sheet. Investors also form their own opinion of Tilray's value that differs from its market value or its book value, called intrinsic value, which is Tilray'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 Tilray's market value can be influenced by many factors that don't directly affect Tilray'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 Tilray's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tilray is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tilray'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.