Strong Operating Income vs Tax Provision Analysis
| SGE Stock | 1.53 0.13 9.29% |
Strong Global financial indicator trend analysis is much more than just breaking down Strong Global Entert prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Strong Global Entert is a good investment. Please check the relationship between Strong Global Operating Income and its Tax Provision accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Strong Global Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
Operating Income vs Tax Provision
Operating Income vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Strong Global Entert Operating Income account and Tax Provision. At this time, the significance of the direction appears to have totally related.
The correlation between Strong Global's Operating Income and Tax Provision is 0.99. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Strong Global Entertainment, assuming nothing else is changed. The correlation between historical values of Strong Global's Operating Income 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 Operating Income of Strong Global Entertainment 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 Operating Income i.e., Strong Global's Operating Income and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Operating Income
Operating Income is the amount of profit realized from Strong Global Entert operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Strong Global Entertainment is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.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 Strong Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Strong Global Entert 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Strong Global Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. At present, Strong Global's Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 25.31, whereas Selling General Administrative is forecasted to decline to about 5.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 107K | 20K | 256K | 139.5K | Depreciation And Amortization | 978K | 765K | 688.5K | 887K |
Strong Global fundamental ratios Correlations
Click cells to compare fundamentals
Strong Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Additional Information and Resources on Investing in Strong Stock
When determining whether Strong Global Entert is a strong investment it is important to analyze Strong Global's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Strong Global's future performance. For an informed investment choice regarding Strong Stock, refer to the following important reports:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Strong Global Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Is Technology Hardware, Storage & Peripherals space 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 Strong Global. If investors know Strong 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 Strong Global 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 (0.96) | Earnings Share 0.32 | Revenue Per Share 5.917 | Quarterly Revenue Growth 0.112 | Return On Assets 0.0059 |
The market value of Strong Global Entert is measured differently than its book value, which is the value of Strong that is recorded on the company's balance sheet. Investors also form their own opinion of Strong Global's value that differs from its market value or its book value, called intrinsic value, which is Strong Global'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 Strong Global's market value can be influenced by many factors that don't directly affect Strong Global'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 Strong Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Strong Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Strong Global'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.