Aarons Tax Provision vs Net Income Analysis

AAN Stock

USD 7.07 0.25 3.42%

Aarons financial indicator trend analysis is way more than just evaluating Aarons prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aarons is a good investment. Please check the relationship between Aarons Tax Provision and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The Aarons. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

Tax Provision vs Net Income

Tax Provision vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aarons Tax Provision account and Net Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between Aarons' Tax Provision and Net Income is 0.73. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Net Income in the same time period over historical financial statements of The Aarons, assuming nothing else is changed. The correlation between historical values of Aarons' Tax Provision and Net Income 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 The Aarons are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Tax Provision i.e., Aarons' Tax Provision and Net Income go up and down completely randomly.

Correlation Coefficient

0.73

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

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.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Aarons financial statement analysis. It represents the amount of money remaining after all of The Aarons operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Aarons' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aarons 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 The Aarons. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

At this time, Aarons' Sales General And Administrative To Revenue is very stable compared to the past year. As of the 27th of April 2024, Enterprise Value is likely to grow to about 2.2 B, while Selling General Administrative is likely to drop about 603.1 M.

	2021	2022	2023	2024 (projected)
Gross Profit	1.2B	1.2B	1.1B	1.2B
Total Revenue	1.8B	2.2B	2.1B	1.6B

Gross Profit Total Revenue

Aarons fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Current Deferred Revenue	Common Stock Total Equity	Common Stock	Other Liab	Other Assets	Long Term Debt	Treasury Stock	Property Plant Equipment
Total Assets		0.44	0.56	0.92	0.29	0.61	0.36	0.27	0.88	0.4	0.23	0.78	0.11	0.76	-0.23	0.86	0.94	0.18	0.3	0.02	0.02	0.57	0.13	0.67	-0.53	-0.2
Short Long Term Debt Total	0.44		0.27	0.12	0.95	0.03	-0.04	-0.28	0.71	-0.44	-0.3	0.24	-0.39	0.74	0.3	0.74	0.17	0.03	0.53	0.2	0.2	0.44	-0.01	0.55	-0.21	0.45
Total Current Liabilities	0.56	0.27		0.46	0.09	0.13	0.29	0.42	0.42	0.21	0.54	0.23	0.02	0.18	0.15	0.54	0.58	0.63	0.48	-0.13	-0.13	0.21	0.1	0.1	-0.08	-0.01
Total Stockholder Equity	0.92	0.12	0.46		-0.04	0.65	0.36	0.42	0.66	0.62	0.38	0.79	0.29	0.48	-0.35	0.59	0.96	0.26	0.09	-0.1	-0.1	0.46	0.14	0.51	-0.48	-0.34
Net Debt	0.29	0.95	0.09	-0.04		-0.04	-0.07	-0.57	0.62	-0.57	-0.58	0.21	-0.5	0.69	0.32	0.63	0.01	-0.11	0.46	0.24	0.24	0.39	0.02	0.53	-0.16	0.44
Retained Earnings	0.61	0.03	0.13	0.65	-0.04		0.05	0.2	0.5	0.32	0.18	0.49	0.18	0.43	-0.83	0.42	0.61	0.05	-0.31	0.62	0.62	0.51	0.1	0.62	-0.95	-0.57
Accounts Payable	0.36	-0.04	0.29	0.36	-0.07	0.05		0.13	0.09	0.51	0.18	0.39	0.52	0.18	0.01	0.27	0.51	-0.22	0.18	-0.31	-0.31	-0.2	-0.53	0.23	0.1	-0.11
Cash	0.27	-0.28	0.42	0.42	-0.57	0.2	0.13		-0.01	0.56	0.97	0.01	0.5	-0.17	-0.18	0.02	0.43	0.4	-0.03	-0.2	-0.2	-0.03	-0.06	-0.15	-0.07	-0.17
Non Current Assets Total	0.88	0.71	0.42	0.66	0.62	0.5	0.09	-0.01		0.07	-0.07	0.64	-0.18	0.91	-0.13	0.94	0.66	0.07	0.34	0.16	0.16	0.62	0.12	0.74	-0.53	0.0
Non Currrent Assets Other	0.4	-0.44	0.21	0.62	-0.57	0.32	0.51	0.56	0.07		0.57	0.5	0.82	-0.06	-0.48	0.03	0.59	0.23	-0.39	-0.45	-0.45	-0.2	-0.25	0.18	-0.05	-0.35
Cash And Short Term Investments	0.23	-0.3	0.54	0.38	-0.58	0.18	0.18	0.97	-0.07	0.57		-0.01	0.54	-0.25	-0.19	-0.01	0.41	0.51	-0.05	-0.2	-0.2	-0.1	-0.1	-0.17	-0.04	-0.2
Net Receivables	0.78	0.24	0.23	0.79	0.21	0.49	0.39	0.01	0.64	0.5	-0.01		0.33	0.56	-0.34	0.57	0.76	0.14	-0.12	-0.19	-0.19	0.54	-0.01	0.76	-0.33	-0.37
Common Stock Shares Outstanding	0.11	-0.39	0.02	0.29	-0.5	0.18	0.52	0.5	-0.18	0.82	0.54	0.33		-0.16	-0.48	-0.13	0.31	0.15	-0.55	-0.35	-0.35	-0.32	-0.45	0.22	0.03	-0.31
Non Current Liabilities Total	0.76	0.74	0.18	0.48	0.69	0.43	0.18	-0.17	0.91	-0.06	-0.25	0.56	-0.16		-0.11	0.92	0.54	-0.25	0.35	0.25	0.25	0.59	0.05	0.8	-0.5	0.02
Other Stockholder Equity	-0.23	0.3	0.15	-0.35	0.32	-0.83	0.01	-0.18	-0.13	-0.48	-0.19	-0.34	-0.48	-0.11		-0.03	-0.27	-0.02	0.76	-0.46	-0.46	-0.15	0.11	-0.49	0.73	0.66
Total Liab	0.86	0.74	0.54	0.59	0.63	0.42	0.27	0.02	0.94	0.03	-0.01	0.57	-0.13	0.92	-0.03		0.68	0.03	0.48	0.16	0.16	0.58	0.08	0.72	-0.46	0.02
Total Current Assets	0.94	0.17	0.58	0.96	0.01	0.61	0.51	0.43	0.66	0.59	0.41	0.76	0.31	0.54	-0.27	0.68		0.23	0.22	-0.09	-0.09	0.46	0.11	0.53	-0.45	-0.32
Other Current Liab	0.18	0.03	0.63	0.26	-0.11	0.05	-0.22	0.4	0.07	0.23	0.51	0.14	0.15	-0.25	-0.02	0.03	0.23		-0.04	-0.22	-0.22	0.13	0.29	-0.03	0.01	0.02
Current Deferred Revenue	0.3	0.53	0.48	0.09	0.46	-0.31	0.18	-0.03	0.34	-0.39	-0.05	-0.12	-0.55	0.35	0.76	0.48	0.22	-0.04		-0.1	-0.1	0.19	0.25	-0.15	0.19	0.49
Common Stock Total Equity	0.02	0.2	-0.13	-0.1	0.24	0.62	-0.31	-0.2	0.16	-0.45	-0.2	-0.19	-0.35	0.25	-0.46	0.16	-0.09	-0.22	-0.1		1.0	0.36	0.12	0.28	-0.79	-0.21
Common Stock	0.02	0.2	-0.13	-0.1	0.24	0.62	-0.31	-0.2	0.16	-0.45	-0.2	-0.19	-0.35	0.25	-0.46	0.16	-0.09	-0.22	-0.1	1.0		0.36	0.12	0.28	-0.79	-0.22
Other Liab	0.57	0.44	0.21	0.46	0.39	0.51	-0.2	-0.03	0.62	-0.2	-0.1	0.54	-0.32	0.59	-0.15	0.58	0.46	0.13	0.19	0.36	0.36		0.46	0.58	-0.54	-0.21
Other Assets	0.13	-0.01	0.1	0.14	0.02	0.1	-0.53	-0.06	0.12	-0.25	-0.1	-0.01	-0.45	0.05	0.11	0.08	0.11	0.29	0.25	0.12	0.12	0.46		-0.12	-0.17	-0.16
Long Term Debt	0.67	0.55	0.1	0.51	0.53	0.62	0.23	-0.15	0.74	0.18	-0.17	0.76	0.22	0.8	-0.49	0.72	0.53	-0.03	-0.15	0.28	0.28	0.58	-0.12		-0.6	-0.24
Treasury Stock	-0.53	-0.21	-0.08	-0.48	-0.16	-0.95	0.1	-0.07	-0.53	-0.05	-0.04	-0.33	0.03	-0.5	0.73	-0.46	-0.45	0.01	0.19	-0.79	-0.79	-0.54	-0.17	-0.6		0.44
Property Plant Equipment	-0.2	0.45	-0.01	-0.34	0.44	-0.57	-0.11	-0.17	0.0	-0.35	-0.2	-0.37	-0.31	0.02	0.66	0.02	-0.32	0.02	0.49	-0.21	-0.22	-0.21	-0.16	-0.24	0.44

Click cells to compare fundamentals

Aarons Account Relationship Matchups

Aarons fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.9B	1.4B	1.4B	1.9B	1.8B	1.3B
Short Long Term Debt Total	676.8M	279.8M	319.8M	738.8M	696.7M	731.5M
Total Current Liabilities	268.3M	299.7M	311.0M	337.2M	450.2M	249.9M
Total Stockholder Equity	837.8M	711.3M	718.2M	695.4M	686.1M	732.7M
Net Debt	628.1M	203.7M	297.0M	711.1M	637.6M	669.5M
Retained Earnings	2.0B	1.9M	98.5M	79.1M	66.2M	62.9M
Accounts Payable	80.2M	230.8M	83.1M	107.0M	134.2M	131.4M
Cash	48.8M	76.1M	22.8M	27.7M	59.0M	50.5M
Non Current Assets Total	1.0B	455.1M	527.2M	997.1M	990.5M	564.8M
Non Currrent Assets Other	23.4M	48.0M	61.8M	78.6M	65.2M	61.9M
Cash And Short Term Investments	48.8M	76.1M	22.8M	27.7M	59.0M	54.1M
Net Receivables	43.0M	35.1M	33.0M	43.9M	50.1M	78.2M
Common Stock Shares Outstanding	34.2M	33.9M	33.7M	30.9M	31.1M	51.3M
Liabilities And Stockholders Equity	1.9B	1.4B	1.4B	1.9B	1.8B	1.3B
Non Current Liabilities Total	834.3M	342.4M	412.1M	825.8M	690.3M	365.0M
Other Stockholder Equity	(19K)	692.7M	602.6M	599.7M	603.0M	633.1M
Total Liab	1.1B	642.1M	723.1M	1.2B	1.1B	613.7M
Total Current Assets	938.9M	898.3M	914.0M	861.4M	836.1M	781.6M
Accumulated Other Comprehensive Income	(19K)	(797K)	(739K)	(1.4M)	(1.4M)	(1.4M)
Other Current Liab	(46.3M)	(95.2M)	151.6M	22.0M	241.2M	253.3M
Current Deferred Revenue	47.7M	68.9M	66.3M	73.2M	68.4M	58.1M
Common Stock	837.8M	17.6M	17.8M	18.1M	18.3M	17.4M
Other Liab	205.1M	131.5M	158.6M	160.2M	184.2M	118.2M
Other Assets	26.9M	27.1M	2.0B	708.9M	152.1M	144.5M
Long Term Debt	338.4M	831K	10M	242.4M	187.6M	191.8M
Treasury Stock	(567.8M)	(627.9M)	(16.0M)	(121.8M)	(109.6M)	(115.1M)
Property Plant Equipment	462.4M	391.2M	509.0M	1.4B	1.6B	1.7B
Good Will	447.8M	7.6M	13.1M	54.7M	55.8M	53.0M
Other Current Assets	65.5M	89.9M	86M	22.1M	14.5M	13.8M
Intangible Assets	14.2M	9.1M	5.1M	118.5M	108.2M	84.8M
Inventory	781.6M	697.2M	772.2M	789.8M	712.4M	903.1M
Net Tangible Assets	325.6M	647.4M	699.9M	472.5M	425.2M	526.0M
Capital Surpluse	290.2M	708.7M	724.4M	738.4M	849.2M	891.7M
Short Term Debt	186.7M	95.2M	10M	135.1M	6.4M	6.1M
Short Long Term Debt	83.8M	81.2M	10M	23.5M	6.4M	6.1M

Pair Trading with Aarons

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 Aarons 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 Aarons will appreciate offsetting losses from the drop in the long position's value.

Moving together with Aarons Stock

0.82

Boqii Holding Limited

Pair Corr

Moving against Aarons Stock

0.95	EBAY	eBay Inc	Pair Corr
0.77	DIBS	1StdibsCom Financial Report 8th of May 2024	Pair Corr
0.75	AN	AutoNation Buyout Trend	Pair Corr
0.74	DRVN	Driven Brands Holdings Financial Report 1st of May 2024	Pair Corr
0.73	W	Wayfair Earnings Call This Week	Pair Corr

The ability to find closely correlated positions to Aarons could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aarons 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 Aarons - 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 The Aarons to buy it.

The correlation of Aarons 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 Aarons moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aarons 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 Aarons 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.

Pair Correlation Correlation Matching

When determining whether Aarons offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Aarons' 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 The Aarons Stock. Outlined below are crucial reports that will aid in making a well-informed decision on The Aarons Stock:

How To Invest In Aarons

Details

Is Aarons Stock a good investment?

Details

What is Aarons' Net Worth?

Details

Largest Consumer Discretionary Distribution & Retail Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The Aarons. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

Note that the Aarons information on this page should be used as a complementary analysis to other Aarons' 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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.

Complementary Tools for Aarons Stock analysis

When running Aarons' price analysis, check to measure Aarons' 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 Aarons is operating at the current time. Most of Aarons' value examination focuses on studying past and present price action to predict the probability of Aarons' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aarons' price. Additionally, you may evaluate how the addition of Aarons to your portfolios can decrease your overall portfolio volatility.

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Is Aarons' 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 Aarons. If investors know Aarons 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 Aarons 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

(0.40)

Dividend Share

0.5

Earnings Share

0.09

Revenue Per Share

69.527

Quarterly Revenue Growth

(0.10)

The market value of Aarons is measured differently than its book value, which is the value of Aarons that is recorded on the company's balance sheet. Investors also form their own opinion of Aarons' value that differs from its market value or its book value, called intrinsic value, which is Aarons' 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 Aarons' market value can be influenced by many factors that don't directly affect Aarons' 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 Aarons' value and its price as these two are different measures arrived at by different means. Investors typically determine if Aarons is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aarons' 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.

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Aarons Tax Provision vs Net Income Analysis

Tax Provision vs Net Income

Tax Provision vs Net Income Correlation Analysis

Correlation Coefficient

Tax Provision

Net Income

Aarons fundamental ratios Correlations

Aarons Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Aarons fundamental ratios Accounts

Pair Trading with Aarons

Moving together with Aarons Stock

Moving against Aarons Stock

Complementary Tools for Aarons Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Total Equity
Cash And Short Term Investments	+ 0.97	Cash
Total Current Assets	+ 0.96	Total Stockholder Equity
Net Debt	+ 0.95	Short Long Term Debt Total
Total Current Assets	+ 0.94	Total Assets
Total Liab	+ 0.94	Non Current Assets Total

Treasury Stock	- 0.95	Retained Earnings
Other Stockholder Equity	- 0.83	Retained Earnings
Treasury Stock	- 0.79	Common Stock
Treasury Stock	- 0.79	Common Stock Total Equity
Treasury Stock	- 0.6	Long Term Debt
Cash And Short Term Investments	- 0.58	Net Debt