Tetra Tax Provision vs Total Operating Expenses Analysis
TTEK Stock | USD 220.22 2.08 0.95% |
Tetra Tech financial indicator trend analysis is much more than just breaking down Tetra Tech prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tetra Tech is a good investment. Please check the relationship between Tetra Tech Tax Provision and its Total Operating Expenses accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tetra Tech. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For more information on how to buy Tetra Stock please use our How to buy in Tetra Stock guide.
Tax Provision vs Total Operating Expenses
Tax Provision vs Total Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tetra Tech Tax Provision account and Total Operating Expenses. At this time, the significance of the direction appears to have strong relationship.
The correlation between Tetra Tech's Tax Provision and Total Operating Expenses is 0.78. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Tetra Tech, assuming nothing else is changed. The correlation between historical values of Tetra Tech's Tax Provision and Total 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 Tetra Tech are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Tax Provision i.e., Tetra Tech's Tax Provision and Total Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.78 |
Relationship Direction | Positive |
Relationship Strength | Significant |
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.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most indicators from Tetra Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tetra Tech 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 Tetra Tech. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For more information on how to buy Tetra Stock please use our How to buy in Tetra Stock guide.At this time, Tetra Tech's Selling General Administrative is quite stable compared to the past year. Tax Provision is expected to rise to about 154 M this year, although Enterprise Value Multiple will most likely fall to 13.18.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 575.6M | 725.0M | 833.8M | 875.5M | Total Revenue | 3.5B | 4.5B | 5.2B | 5.5B |
Tetra Tech fundamental ratios Correlations
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Tetra Tech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tetra Tech fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.4B | 2.6B | 2.6B | 3.8B | 4.4B | 4.6B | |
Short Long Term Debt Total | 553.3M | 454.2M | 462.9M | 1.1B | 1.3B | 1.3B | |
Other Current Liab | 390.8M | 449.4M | 456.9M | 619.8M | 712.8M | 748.4M | |
Total Current Liabilities | 793.5M | 848.5M | 916.0M | 1.2B | 1.4B | 1.4B | |
Total Stockholder Equity | 1.0B | 1.2B | 1.2B | 1.4B | 1.6B | 1.7B | |
Property Plant And Equipment Net | 274.9M | 253.2M | 214.6M | 250.8M | 288.4M | 302.8M | |
Net Debt | 395.7M | 287.7M | 277.8M | 920.4M | 1.1B | 1.1B | |
Retained Earnings | 1.2B | 1.4B | 1.4B | 1.6B | 1.8B | 1.9B | |
Accounts Payable | 111.8M | 128.8M | 147.4M | 173.3M | 199.3M | 121.1M | |
Cash | 157.5M | 166.6M | 185.1M | 168.8M | 194.2M | 203.9M | |
Non Current Assets Total | 1.4B | 1.5B | 1.5B | 2.5B | 2.8B | 3.0B | |
Non Currrent Assets Other | 57.0M | 53.2M | 58.0M | 70.5M | 81.1M | 85.1M | |
Cash And Short Term Investments | 157.5M | 166.6M | 185.1M | 168.8M | 194.2M | 203.9M | |
Net Receivables | 761.2M | 787.0M | 857.7M | 1.1B | 1.3B | 1.3B | |
Common Stock Shares Outstanding | 55.0M | 54.7M | 54.2M | 53.6M | 61.7M | 57.2M | |
Liabilities And Stockholders Equity | 2.4B | 2.6B | 2.6B | 3.8B | 4.4B | 4.6B | |
Non Current Liabilities Total | 547.7M | 493.8M | 523.6M | 1.2B | 1.4B | 1.5B | |
Other Current Assets | 81.1M | 112.3M | 115.4M | 89.1M | 102.5M | 107.6M | |
Other Stockholder Equity | 78.1M | 54K | 53K | 50K | 57.5K | 54.6K | |
Total Liab | 1.3B | 1.3B | 1.4B | 2.4B | 2.8B | 2.9B | |
Property Plant And Equipment Gross | 274.9M | 253.2M | 214.6M | 250.8M | 288.4M | 302.8M | |
Total Current Assets | 999.8M | 1.1B | 1.2B | 1.4B | 1.6B | 1.6B | |
Accumulated Other Comprehensive Income | (161.8M) | (125.0M) | (208.1M) | (195.3M) | (175.8M) | (167.0M) | |
Short Term Debt | 118.9M | 80.0M | 70.4M | 65.0M | 74.8M | 78.5M | |
Intangible Assets | 13.9M | 38.0M | 29.2M | 173.9M | 156.5M | 164.4M | |
Good Will | 993.5M | 1.1B | 1.1B | 1.9B | 2.2B | 2.3B | |
Common Stock Total Equity | 546K | 538K | 540K | 530K | 609.5K | 585.6K | |
Common Stock | 538K | 540K | 530K | 532K | 611.8K | 585.8K | |
Other Assets | 20K | (2K) | 78K | (38K) | (34.2K) | (32.5K) | |
Long Term Debt | 242.4M | 200M | 246.3M | 879.5M | 1.0B | 1.1B | |
Property Plant Equipment | 39.4M | 35.5M | 253.2M | 214.6M | 246.8M | 259.2M | |
Current Deferred Revenue | 171.9M | 190.4M | 241.3M | 335.0M | 301.5M | 286.5M | |
Other Liab | 124.1M | 113.4M | 119.5M | 131.1M | 150.8M | 158.3M | |
Net Tangible Assets | 48.0M | 221.8M | 87.7M | 43.5M | 39.2M | 37.2M | |
Long Term Debt Total | 263.9M | 242.4M | 200M | 246.3M | 283.2M | 238.3M |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tetra Tech. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For more information on how to buy Tetra Stock please use our How to buy in Tetra Stock guide.Note that the Tetra Tech information on this page should be used as a complementary analysis to other Tetra Tech's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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Is Tetra Tech'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 Tetra Tech. If investors know Tetra 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 Tetra Tech 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 0.775 | Dividend Share 1.04 | Earnings Share 4.93 | Revenue Per Share 77.119 | Quarterly Revenue Growth 0.086 |
The market value of Tetra Tech is measured differently than its book value, which is the value of Tetra that is recorded on the company's balance sheet. Investors also form their own opinion of Tetra Tech's value that differs from its market value or its book value, called intrinsic value, which is Tetra Tech'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 Tetra Tech's market value can be influenced by many factors that don't directly affect Tetra Tech'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 Tetra Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tetra Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tetra Tech'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.