Gap Gross Profit vs Tax Provision Analysis
GPS Stock | USD 21.76 0.18 0.82% |
Gap financial indicator trend analysis is much more than just examining Gap Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gap Inc is a good investment. Please check the relationship between Gap Gross Profit and its Tax Provision accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gap Inc. 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.
Gross Profit vs Tax Provision
Gross Profit vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gap Inc Gross Profit account and Tax Provision. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Gap's Gross Profit and Tax Provision is -0.02. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Gap Inc, assuming nothing else is changed. The correlation between historical values of Gap's Gross Profit and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Gap Inc are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Gross Profit i.e., Gap's Gross Profit and Tax Provision go up and down completely randomly.
Correlation Coefficient | -0.02 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Gap Inc minus its cost of goods sold. It is profit before Gap operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.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.Most indicators from Gap's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gap Inc 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 Gap Inc. 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. Selling General Administrative is likely to drop to about 2.3 B in 2024. Tax Provision is likely to drop to about 51.3 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 6.6B | 5.4B | 5.8B | 4.6B | Total Revenue | 16.7B | 15.6B | 14.9B | 12.0B |
Gap fundamental ratios Correlations
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Gap Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gap fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 13.7B | 13.8B | 12.8B | 11.4B | 11.0B | 6.9B | |
Short Long Term Debt Total | 7.7B | 7.7B | 6.3B | 6.0B | 5.4B | 5.7B | |
Total Current Liabilities | 3.2B | 3.9B | 4.1B | 3.3B | 3.1B | 2.0B | |
Total Stockholder Equity | 3.3B | 2.6B | 2.7B | 2.2B | 2.6B | 2.8B | |
Property Plant And Equipment Net | 8.5B | 7.1B | 6.7B | 5.9B | 5.7B | 2.9B | |
Net Debt | 6.3B | 5.7B | 5.4B | 4.8B | 3.6B | 3.7B | |
Retained Earnings | 3.3B | 2.5B | 2.6B | 2.1B | 2.4B | 2.3B | |
Cash | 1.4B | 2.0B | 877M | 1.2B | 1.9B | 1.3B | |
Non Current Assets Total | 9.2B | 7.8B | 7.6B | 6.8B | 6.6B | 3.4B | |
Non Currrent Assets Other | 409M | 533M | 587M | 620M | 657M | 689.9M | |
Cash And Short Term Investments | 1.7B | 2.4B | 877M | 1.2B | 1.9B | 1.4B | |
Net Receivables | 316M | 363M | 399M | 340M | 289M | 257.6M | |
Common Stock Shares Outstanding | 378M | 374M | 383M | 367M | 376M | 593.9M | |
Liabilities And Stockholders Equity | 13.7B | 13.8B | 12.8B | 11.4B | 11.0B | 6.9B | |
Non Current Liabilities Total | 7.2B | 7.3B | 6.0B | 5.9B | 5.4B | 5.6B | |
Inventory | 2.2B | 2.5B | 3.0B | 2.4B | 2.0B | 1.5B | |
Other Current Assets | 706M | 1.2B | 1.3B | 1.0B | 238M | 226.1M | |
Other Stockholder Equity | 19M | 85M | 43M | 27M | 113M | 118.7M | |
Total Liab | 10.4B | 11.2B | 10.0B | 9.2B | 8.4B | 8.9B | |
Total Current Assets | 4.5B | 6.0B | 5.2B | 4.6B | 4.4B | 3.5B | |
Short Term Debt | 920M | 831M | 734M | 667M | 600M | 630M | |
Intangible Assets | 121M | 61M | 90M | 81M | 72M | 122.5M | |
Accounts Payable | 1.2B | 1.7B | 2.0B | 1.3B | 1.3B | 1.0B | |
Short Term Investments | 288M | 290M | 410M | 15M | 1M | 950K | |
Property Plant And Equipment Gross | 8.5B | 7.1B | 6.7B | 5.9B | 10.6B | 11.1B | |
Accumulated Other Comprehensive Income | 40M | 9M | 38M | 48M | 43M | 45.2M | |
Other Liab | 397M | 438M | 445M | 544M | 625.6M | 899.7M | |
Other Assets | 409M | 533M | 884M | 908M | 1.0B | 1.1B | |
Property Plant Equipment | 3.1B | 7.1B | 6.7B | 5.9B | 6.7B | 3.8B | |
Current Deferred Revenue | 226M | 231M | 345M | 354M | 337M | 241.7M | |
Net Tangible Assets | 3.3B | 2.4B | 2.7B | 2.2B | 2.0B | 2.6B | |
Retained Earnings Total Equity | 3.3B | 2.5B | 2.6B | 2.1B | 1.9B | 1.8B |
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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 Gap Inc. 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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When running Gap's price analysis, check to measure Gap'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 Gap is operating at the current time. Most of Gap's value examination focuses on studying past and present price action to predict the probability of Gap's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gap's price. Additionally, you may evaluate how the addition of Gap to your portfolios can decrease your overall portfolio volatility.
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Is Gap'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 Gap. If investors know Gap 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 Gap 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 (0.25) | Dividend Share 0.6 | Earnings Share 1.34 | Revenue Per Share 40.241 | Quarterly Revenue Growth 0.013 |
The market value of Gap Inc is measured differently than its book value, which is the value of Gap that is recorded on the company's balance sheet. Investors also form their own opinion of Gap's value that differs from its market value or its book value, called intrinsic value, which is Gap'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 Gap's market value can be influenced by many factors that don't directly affect Gap'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 Gap's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gap is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gap'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.