Glaukos Total Revenue vs Income Tax Expense Analysis
GKOS Stock | USD 99.48 0.63 0.63% |
Glaukos Corp financial indicator trend analysis is much more than just examining Glaukos Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Glaukos Corp is a good investment. Please check the relationship between Glaukos Corp Total Revenue and its Income Tax Expense accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Glaukos Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy Glaukos Stock please use our How to Invest in Glaukos Corp guide.
Total Revenue vs Income Tax Expense
Total Revenue vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Glaukos Corp Total Revenue account and Income Tax Expense. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Glaukos Corp's Total Revenue and Income Tax Expense is -0.25. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Glaukos Corp, assuming nothing else is changed. The correlation between historical values of Glaukos Corp's Total 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 Total Revenue of Glaukos Corp 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 Total Revenue i.e., Glaukos Corp's Total Revenue and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | -0.25 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Revenue
Total revenue comprises all receipts Glaukos Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Income Tax Expense
Most indicators from Glaukos Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Glaukos Corp 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Glaukos Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy Glaukos Stock please use our How to Invest in Glaukos Corp guide.Tax Provision is likely to gain to about 980.7 K in 2024, whereas Selling General Administrative is likely to drop slightly above 133.6 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 227.4M | 213.9M | 239.1M | 151.6M | Total Revenue | 294.0M | 282.9M | 314.7M | 194.7M |
Glaukos Corp fundamental ratios Correlations
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Glaukos Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Glaukos Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 818.4M | 1.0B | 1.0B | 1.0B | 940.4M | 549.7M | |
Other Current Liab | 51.9M | 45.3M | 56.0M | 58.0M | 60.6M | 34.7M | |
Total Current Liabilities | 57.7M | 49.7M | 63.4M | 72.4M | 74.0M | 43.7M | |
Total Stockholder Equity | 673.3M | 667.4M | 587.2M | 530.0M | 461.8M | 315.2M | |
Other Liab | 14.8M | 17.5M | 16.8M | 17.5M | 20.2M | 21.2M | |
Property Plant And Equipment Net | 91.8M | 95.5M | 146.1M | 166.8M | 174.5M | 183.3M | |
Net Debt | 10.2M | 174.2M | 281.7M | 263.0M | 290.3M | 304.8M | |
Retained Earnings | (189.7M) | (310.1M) | (365.2M) | (464.4M) | (599.1M) | (569.1M) | |
Accounts Payable | 5.8M | 4.4M | 7.3M | 14.4M | 13.4M | 7.1M | |
Cash | 62.4M | 96.6M | 100.7M | 119.5M | 93.5M | 56.4M | |
Non Current Assets Total | 555.5M | 536.1M | 563.6M | 558.5M | 545.0M | 286.7M | |
Non Currrent Assets Other | 15.0M | 16.8M | (70.0M) | (61.2M) | (51.1M) | (48.5M) | |
Other Assets | 15.0M | 88.2M | 18.5M | 17.7M | 20.3M | 16.8M | |
Cash And Short Term Investments | 174.0M | 404.4M | 414.1M | 352.7M | 295.4M | 209.6M | |
Net Receivables | 38.4M | 36.1M | 33.4M | 36.1M | 39.9M | 24.9M | |
Common Stock Total Equity | 44K | 45K | 47K | 48K | 55.2K | 36.5K | |
Common Stock Shares Outstanding | 41.1M | 44.5M | 46.4M | 47.4M | 48.4M | 40.1M | |
Short Term Investments | 111.6M | 307.8M | 313.3M | 233.2M | 202.0M | 153.2M | |
Liabilities And Stockholders Equity | 818.4M | 1.0B | 1.0B | 1.0B | 940.4M | 549.7M | |
Non Current Liabilities Total | 87.4M | 288.4M | 399.2M | 400.0M | 404.6M | 424.9M | |
Inventory | 42.6M | 15.8M | 23.0M | 37.8M | 42.0M | 44.1M | |
Other Current Assets | 7.9M | 13.2M | 15.6M | 17.3M | 18.2M | 19.1M | |
Other Stockholder Equity | 861.6M | 976.5M | 952.3M | 997.3M | 1.1B | 574.1M | |
Total Liab | 145.1M | 338.1M | 462.5M | 472.4M | 478.6M | 502.6M | |
Property Plant And Equipment Gross | 91.8M | 95.5M | 69.0M | 94.4M | 209.0M | 219.5M | |
Total Current Assets | 262.9M | 469.4M | 486.1M | 443.9M | 395.5M | 263.0M | |
Accumulated Other Comprehensive Income | 1.3M | 1.0M | 15K | (3.0M) | 1.2M | 1.2M | |
Common Stock | 44K | 45K | 47K | 48K | 49K | 38.1K | |
Property Plant Equipment | 22.1M | 24.0M | 146.1M | 94.4M | 108.6M | 114.0M | |
Net Tangible Assets | 673.3M | 667.4M | 188.2M | 530.0M | 609.5M | 640.0M | |
Retained Earnings Total Equity | (189.7M) | (310.1M) | (365.2M) | (464.4M) | (418.0M) | (438.9M) | |
Capital Surpluse | 861.7M | 976.6M | 952.4M | 997.5M | 1.1B | 701.0M | |
Non Current Liabilities Other | 5.2M | 7.0M | 9.5M | 10.3M | 13.8M | 14.4M | |
Net Invested Capital | 673.3M | 856.9M | 867.2M | 811.4M | 744.5M | 670.3M | |
Net Working Capital | 205.2M | 419.7M | 422.8M | 371.5M | 321.4M | 315.8M |
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Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Glaukos Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy Glaukos Stock please use our How to Invest in Glaukos Corp guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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Is Glaukos Corp'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 Glaukos Corp. If investors know Glaukos 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 Glaukos Corp 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 18.963 | Earnings Share (2.78) | Revenue Per Share 6.498 | Quarterly Revenue Growth 0.156 | Return On Assets (0.08) |
The market value of Glaukos Corp is measured differently than its book value, which is the value of Glaukos that is recorded on the company's balance sheet. Investors also form their own opinion of Glaukos Corp's value that differs from its market value or its book value, called intrinsic value, which is Glaukos Corp'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 Glaukos Corp's market value can be influenced by many factors that don't directly affect Glaukos Corp'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 Glaukos Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Glaukos Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Glaukos Corp'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.