Widepoint Net Income vs Income Tax Expense Analysis
WYY Stock | USD 2.64 0.06 2.33% |
Widepoint financial indicator trend analysis is more than just analyzing Widepoint C current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Widepoint C is a good investment. Please check the relationship between Widepoint Net Income and its Income Tax Expense accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Widepoint C. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
Net Income vs Income Tax Expense
Net Income vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Widepoint C Net Income account and Income Tax Expense. At this time, the significance of the direction appears to have pay attention.
The correlation between Widepoint's Net Income and Income Tax Expense is -0.84. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Widepoint C, assuming nothing else is changed. The correlation between historical values of Widepoint's Net Income 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 Net Income of Widepoint C 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 Net Income i.e., Widepoint's Net Income and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | -0.84 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Widepoint C financial statement analysis. It represents the amount of money remaining after all of Widepoint C operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Income Tax Expense
Most indicators from Widepoint's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Widepoint C 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Widepoint C. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. At this time, Widepoint's Tax Provision is fairly stable compared to the past year. Enterprise Value is likely to rise to about 30.4 M in 2024, whereas Selling General Administrative is likely to drop slightly above 15.1 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 87.3M | 94.1M | 106.0M | 53.8M | Depreciation And Amortization | 1.0M | 2.5M | 3.4M | 3.5M |
Widepoint fundamental ratios Correlations
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Widepoint Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Widepoint fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 64.3M | 101.3M | 75.5M | 49.0M | 53.8M | 36.8M | |
Short Long Term Debt Total | 6.2M | 6.5M | 6.8M | 5.3M | 4.8M | 3.0M | |
Other Current Liab | 15.1M | 15.6M | 12.7M | 11.3M | 16.2M | 17.0M | |
Total Current Liabilities | 31.5M | 54.4M | 26.0M | 26.1M | 31.5M | 33.0M | |
Total Stockholder Equity | 24.9M | 40.6M | 41.7M | 17.8M | 14.7M | 19.7M | |
Property Plant And Equipment Net | 6.6M | 6.7M | 7.1M | 5.7M | 4.8M | 5.1M | |
Net Debt | (686.4K) | (9.5M) | 339.9K | (2.2M) | (2.2M) | (2.3M) | |
Retained Earnings | (70.2M) | (59.9M) | (59.5M) | (83.1M) | (87.1M) | (82.8M) | |
Cash | 6.9M | 16.0M | 6.5M | 7.5M | 6.9M | 5.3M | |
Non Current Assets Total | 27.8M | 33.8M | 42.3M | 21.0M | 21.0M | 18.0M | |
Non Currrent Assets Other | 140.4K | 815.0K | 1.7M | 2.0M | 483.3K | 507.5K | |
Cash And Short Term Investments | 6.9M | 16.0M | 6.5M | 7.5M | 6.9M | 5.3M | |
Net Receivables | 28.6M | 49.7M | 23.5M | 19.5M | 24.8M | 12.8M | |
Common Stock Shares Outstanding | 8.4M | 8.6M | 9.2M | 8.7M | 8.8M | 6.0M | |
Liabilities And Stockholders Equity | 64.3M | 101.3M | 75.5M | 49.0M | 53.8M | 36.8M | |
Other Stockholder Equity | 95.3M | 100.5M | 101.4M | 101.2M | 102.2M | 77.2M | |
Total Liab | 39.4M | 60.8M | 33.8M | 31.3M | 39.1M | 41.1M | |
Total Current Assets | 36.5M | 67.5M | 33.1M | 28.0M | 32.8M | 18.8M | |
Short Term Debt | 599.6K | 577.9K | 794.2K | 596.5K | 638.3K | 887.6K | |
Common Stock | 83.9K | 8.9K | 8.8K | 8.7K | 8.9K | 8.4K | |
Accounts Payable | 13.6M | 36.2M | 10.3M | 12.5M | 12.6M | 7.4M | |
Non Current Liabilities Total | 7.8M | 6.3M | 7.8M | 5.1M | 7.7M | 8.1M | |
Other Current Assets | 1.1M | 1.8M | 3.2M | 11.2M | 717.5K | 681.7K | |
Property Plant And Equipment Gross | 6.6M | 573.0K | 7.1M | 8.8M | 8.4M | 8.8M | |
Accumulated Other Comprehensive Income | (242.6K) | (104.6K) | (241.6K) | (350.2K) | (334.9K) | (351.6K) | |
Intangible Assets | 2.5M | 2.2M | 6.2M | 7.4M | 7.8M | 8.2M | |
Other Assets | 140.4K | 12.5M | 6.9M | 2.1M | 2.4M | 2.2M | |
Common Stock Total Equity | 83.0K | 84.1K | 83.9K | 8.9K | 10.2K | 9.7K | |
Property Plant Equipment | 681.6K | 6.7M | 7.1M | 5.7M | 6.6M | 6.9M | |
Inventory | 213.7K | 991.0K | 590.1K | 222.3K | 366.1K | 384.4K | |
Other Liab | 2.2M | 398.4K | 1.7M | 371.7K | 427.5K | 648.2K | |
Current Deferred Revenue | 2.3M | 2.0M | 2.3M | 1.7M | 2.0M | 1.3M | |
Net Tangible Assets | 24.9M | 19.8M | 13.4M | 4.5M | 5.2M | 5.0M | |
Retained Earnings Total Equity | (69.0M) | (70.4M) | (70.2M) | (59.9M) | (53.9M) | (56.6M) | |
Capital Surpluse | 95.3M | 100.5M | 101.4M | 101.2M | 116.4M | 98.7M | |
Deferred Long Term Liab | 656.4K | 2.0M | 2.2M | 398.4K | 458.2K | 801.3K |
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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Widepoint C. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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When running Widepoint's price analysis, check to measure Widepoint'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 Widepoint is operating at the current time. Most of Widepoint's value examination focuses on studying past and present price action to predict the probability of Widepoint's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Widepoint's price. Additionally, you may evaluate how the addition of Widepoint to your portfolios can decrease your overall portfolio volatility.
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Is Widepoint'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 Widepoint. If investors know Widepoint 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 Widepoint 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 (0.54) | Earnings Share (0.46) | Revenue Per Share 12.007 | Quarterly Revenue Growth 0.211 | Return On Assets (0.04) |
The market value of Widepoint C is measured differently than its book value, which is the value of Widepoint that is recorded on the company's balance sheet. Investors also form their own opinion of Widepoint's value that differs from its market value or its book value, called intrinsic value, which is Widepoint'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 Widepoint's market value can be influenced by many factors that don't directly affect Widepoint'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 Widepoint's value and its price as these two are different measures arrived at by different means. Investors typically determine if Widepoint is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Widepoint'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.