Encore Cost of Revenue vs Income Tax Expense Analysis
ECPG Stock | USD 42.09 0.61 1.43% |
Encore Capital financial indicator trend analysis is much more than just examining Encore Capital Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Encore Capital Group is a good investment. Please check the relationship between Encore Capital Cost Of Revenue and its Income Tax Expense accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Encore Capital 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 american community survey.
Cost Of Revenue vs Income Tax Expense
Cost of Revenue vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Encore Capital Group Cost of Revenue account and Income Tax Expense. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Encore Capital's Cost of Revenue and Income Tax Expense is 0.42. Overlapping area represents the amount of variation of Cost of Revenue that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Encore Capital Group, assuming nothing else is changed. The correlation between historical values of Encore Capital's Cost of Revenue and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost of Revenue of Encore Capital Group are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Cost of Revenue i.e., Encore Capital's Cost of Revenue and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | 0.42 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Cost Of Revenue
Cost of Revenue is found on Encore Capital Group income statement and represents the costs associated with goods and services Encore Capital provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Income Tax Expense
Most indicators from Encore Capital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Encore Capital 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Encore Capital 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 american community survey. The Encore Capital's current Sales General And Administrative To Revenue is estimated to increase to 0.19, while Selling General Administrative is projected to decrease to roughly 114.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 928.0M | 769.7M | 571.2M | 404.2M | Total Revenue | 1.6B | 1.4B | 1.2B | 717.3M |
Encore Capital fundamental ratios Correlations
Click cells to compare fundamentals
Encore Capital Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Encore Capital fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.9B | 4.9B | 4.6B | 4.5B | 4.6B | 4.9B | |
Short Long Term Debt Total | 3.5B | 3.3B | 3.0B | 4.0B | 3.3B | 3.5B | |
Other Current Liab | (1.2B) | (743.2M) | (650.5M) | (887.0M) | 189.9M | 199.4M | |
Total Current Liabilities | 223.9M | 215.9M | 229.6M | 198.2M | 689.6M | 724.1M | |
Total Stockholder Equity | 1.0B | 1.2B | 1.2B | 1.2B | 936.5M | 487.0M | |
Property Plant And Equipment Net | 120.1M | 127.3M | 119.9M | 113.9M | 171.0M | 179.5M | |
Net Debt | 3.3B | 3.1B | 2.8B | 3.8B | 3.2B | 3.3B | |
Retained Earnings | 888.1M | 1.1B | 1.2B | 1.3B | 1.0B | 1.1B | |
Accounts Payable | 223.9M | 192.7M | 195.1M | 180.4M | 207.5M | 111.7M | |
Cash | 192.3M | 189.2M | 189.6M | 143.9M | 158.4M | 83.4M | |
Non Current Assets Total | 4.7B | 4.7B | 4.4B | 4.4B | 4.4B | 4.6B | |
Non Currrent Assets Other | 405.3M | 316.0M | 283.8M | 323.0M | 158.2M | 141.4M | |
Cash And Short Term Investments | 192.3M | 189.2M | 189.6M | 143.9M | 158.4M | 180.8M | |
Net Receivables | 45.0M | 38.8M | 22.6M | 16.1M | 9.1M | 8.6M | |
Common Stock Shares Outstanding | 31.5M | 31.7M | 31.2M | 26.1M | 23.7M | 24.8M | |
Liabilities And Stockholders Equity | 4.9B | 4.9B | 4.6B | 4.5B | 4.6B | 4.9B | |
Non Current Liabilities Total | 3.7B | 3.4B | 3.2B | 3.1B | 3.0B | 1.6B | |
Other Stockholder Equity | 222.6M | 230.4M | 1.2B | 1.3B | 11.1M | 10.5M | |
Total Liab | 3.9B | 3.6B | 3.4B | 3.3B | 3.7B | 3.9B | |
Property Plant And Equipment Gross | 195.3M | 199.5M | 119.9M | 339.1M | 340.1M | 357.1M | |
Total Current Assets | 192.3M | 189.2M | 189.6M | 143.9M | 209.1M | 234.4M | |
Accumulated Other Comprehensive Income | (88.8M) | (68.8M) | (53.5M) | (98.8M) | (123.9M) | (117.7M) | |
Common Stock Total Equity | 309K | 311K | 313K | 233K | 268.0K | 243.9K | |
Other Current Assets | (237.3M) | (270.1M) | (212.3M) | 48.6M | (167.4M) | (159.1M) | |
Common Stock | 309K | 311K | 313K | 233K | 235K | 244.5K | |
Other Liab | 44.5M | 146.9M | 195.9M | 111.2M | 127.9M | 134.2M | |
Other Assets | 184.8M | 349.2M | 335.3M | 341.1M | 392.2M | 411.8M | |
Long Term Debt | 3.5B | 2.3B | 2.1B | 1.8B | 2.8B | 1.5B | |
Short Term Debt | 1.2B | 959.1M | 880.1M | 1.1B | 499.6M | 645.5M | |
Property Plant Equipment | 195.3M | 127.3M | 119.9M | 113.9M | 131.0M | 137.5M | |
Good Will | 884.2M | 907.0M | 897.8M | 821.2M | 606.5M | 532.0M | |
Intangible Assets | 51.4M | 45.0M | 36.3M | 22.1M | 48K | 45.6K | |
Inventory | (2.5M) | 42.2M | (3.5M) | (64.7M) | (58.3M) | (55.3M) | |
Net Tangible Assets | 138.0M | 310.6M | 287.5M | 358.4M | 412.2M | 432.8M | |
Noncontrolling Interest In Consolidated Entity | (9.9M) | 1.7M | 3.2M | 2.5M | 2.2M | 2.3M | |
Retained Earnings Total Equity | 888.1M | 1.1B | 1.2B | 1.3B | 1.5B | 1.5B |
Pair Trading with Encore Capital
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 Encore Capital 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 Encore Capital will appreciate offsetting losses from the drop in the long position's value.Moving against Encore Stock
0.86 | FNVT | Finnovate Acquisition | PairCorr |
0.8 | FCFS | FirstCash Earnings Call This Week | PairCorr |
0.74 | GS | Goldman Sachs Group Financial Report 17th of July 2024 | PairCorr |
0.66 | DFS | Discover Financial Financial Report 17th of July 2024 | PairCorr |
0.64 | MS | Morgan Stanley Financial Report 16th of July 2024 | PairCorr |
The ability to find closely correlated positions to Encore Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Encore Capital 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 Encore Capital - 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 Encore Capital Group to buy it.
The correlation of Encore Capital 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 Encore Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Encore Capital Group 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 Encore Capital 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Encore Capital 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 american community survey. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Encore Stock analysis
When running Encore Capital's price analysis, check to measure Encore Capital's 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 Encore Capital is operating at the current time. Most of Encore Capital's value examination focuses on studying past and present price action to predict the probability of Encore Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Encore Capital's price. Additionally, you may evaluate how the addition of Encore Capital to your portfolios can decrease your overall portfolio volatility.
Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. |
Is Encore Capital'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 Encore Capital. If investors know Encore 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 Encore Capital 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 (0.35) | Earnings Share (8.72) | Revenue Per Share 51.655 | Quarterly Revenue Growth 0.185 | Return On Assets 0.0374 |
The market value of Encore Capital Group is measured differently than its book value, which is the value of Encore that is recorded on the company's balance sheet. Investors also form their own opinion of Encore Capital's value that differs from its market value or its book value, called intrinsic value, which is Encore Capital'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 Encore Capital's market value can be influenced by many factors that don't directly affect Encore Capital'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 Encore Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Encore Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Encore Capital'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.