STRATA Tax Provision vs Other Operating Expenses Analysis
SSKN Stock | USD 0.37 0.01 2.63% |
STRATA Skin financial indicator trend analysis is much more than just breaking down STRATA Skin Sciences prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether STRATA Skin Sciences is a good investment. Please check the relationship between STRATA Skin Tax Provision and its Other Operating Expenses accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in STRATA Skin Sciences. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
Tax Provision vs Other Operating Expenses
Tax Provision vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of STRATA Skin Sciences Tax Provision account and Other Operating Expenses. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between STRATA Skin's Tax Provision and Other Operating Expenses is -0.24. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of STRATA Skin Sciences, assuming nothing else is changed. The correlation between historical values of STRATA Skin's Tax Provision and Other Operating Expenses 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 STRATA Skin Sciences are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Tax Provision i.e., STRATA Skin's Tax Provision and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.24 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
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.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of STRATA Skin Sciences. It is also known as STRATA Skin overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most indicators from STRATA Skin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into STRATA Skin Sciences 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 STRATA Skin Sciences. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. As of the 1st of June 2024, Enterprise Value is likely to grow to about 34.2 M, while Selling General Administrative is likely to drop about 8.9 M.
STRATA Skin fundamental ratios Correlations
Click cells to compare fundamentals
STRATA Skin Account Relationship Matchups
High Positive Relationship
High Negative Relationship
STRATA Skin fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 27.2M | 33.6M | 34.1M | 34.7M | 34.9M | 36.7M | |
Other Current Liab | 4.5M | 4.7M | 6.4M | 6.9M | 6.4M | 6.7M | |
Accounts Payable | 1.8M | 2.8M | 2.8M | 3.4M | 3.3M | 2.5M | |
Other Assets | 428K | 347K | 1.3M | 216K | 248.4K | 301.5K | |
Property Plant Equipment | 5.3M | 5.4M | 6.5M | 7.5M | 8.6M | 4.7M | |
Other Liab | 499K | 178K | 288K | 666K | 765.9K | 1.1M | |
Net Tangible Assets | 12.7M | 11.9M | 10.7M | 6.5M | 5.9M | 6.7M | |
Retained Earnings Total Equity | (229.4M) | (210.8M) | (214.6M) | (219.0M) | (197.1M) | (206.9M) | |
Capital Surpluse | 251.6M | 242.0M | 243.2M | 244.8M | 281.6M | 235.9M |
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Is STRATA Skin'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 STRATA Skin. If investors know STRATA 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 STRATA Skin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.33) | Revenue Per Share 0.955 | Quarterly Revenue Growth (0.18) | Return On Assets (0.08) | Return On Equity (0.63) |
The market value of STRATA Skin Sciences is measured differently than its book value, which is the value of STRATA that is recorded on the company's balance sheet. Investors also form their own opinion of STRATA Skin's value that differs from its market value or its book value, called intrinsic value, which is STRATA Skin'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 STRATA Skin's market value can be influenced by many factors that don't directly affect STRATA Skin'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 STRATA Skin's value and its price as these two are different measures arrived at by different means. Investors typically determine if STRATA Skin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, STRATA Skin'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.