Legacy Income Tax Expense from 2010 to 2024

LEGH Stock  USD 26.54  0.76  2.95%   
Legacy Housing's Income Tax Expense is increasing with slightly volatile movements from year to year. Income Tax Expense is predicted to flatten to about 9.4 M. For the period between 2010 and 2024, Legacy Housing, Income Tax Expense quarterly trend regression had mean deviation of  5,435,728 and range of 14.3 M. View All Fundamentals
 
Income Tax Expense  
First Reported
2017-12-31
Previous Quarter
3.6 M
Current Value
3.5 M
Quarterly Volatility
M
 
Covid
Check Legacy Housing financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Legacy Housing's main balance sheet or income statement drivers, such as Tax Provision of 9.4 M, Net Interest Income of 2.3 M or Interest Income of 3 M, as well as many indicators such as Price To Sales Ratio of 1.86, Dividend Yield of 0.0359 or PTB Ratio of 1.87. Legacy financial statements analysis is a perfect complement when working with Legacy Housing Valuation or Volatility modules.
  
Check out the analysis of Legacy Housing Correlation against competitors.

Latest Legacy Housing's Income Tax Expense Growth Pattern

Below is the plot of the Income Tax Expense of Legacy Housing Corp over the last few years. It is Legacy Housing's Income Tax Expense historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Legacy Housing's overall financial position and show how it may be relating to other accounts over time.
Income Tax Expense10 Years Trend
Slightly volatile
   Income Tax Expense   
       Timeline  

Legacy Income Tax Expense Regression Statistics

Arithmetic Mean5,249,745
Geometric Mean1,119,969
Coefficient Of Variation111.36
Mean Deviation5,435,728
Median158,000
Standard Deviation5,846,107
Sample Variance34.2T
Range14.3M
R-Value0.88
Mean Square Error8.5T
R-Squared0.77
Significance0.000018
Slope1,146,662
Total Sum of Squares478.5T

Legacy Income Tax Expense History

20249.4 M
202314.3 M
202214.4 M
202110.8 M
202010.8 M
20198.7 M
20189.1 M

About Legacy Housing Financial Statements

Investors use fundamental indicators, such as Legacy Housing's Income Tax Expense, to determine how well the company is positioned to perform in the future. Although Legacy Housing's investors may analyze each financial statement separately, they are all interrelated. Understanding these patterns can help investors make the right trading decisions.
Last ReportedProjected for Next Year
Income Tax Expense14.3 M9.4 M

Currently Active Assets on Macroaxis

When determining whether Legacy Housing Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Legacy Housing's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Legacy Housing Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Legacy Housing Corp Stock:
Check out the analysis of Legacy Housing Correlation against competitors.
You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Household Durables 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 Legacy Housing. If investors know Legacy 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 Legacy Housing listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
2.18
Revenue Per Share
6.744
Quarterly Revenue Growth
(0.11)
Return On Assets
0.0711
Return On Equity
0.1193
The market value of Legacy Housing Corp is measured differently than its book value, which is the value of Legacy that is recorded on the company's balance sheet. Investors also form their own opinion of Legacy Housing's value that differs from its market value or its book value, called intrinsic value, which is Legacy Housing'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 Legacy Housing's market value can be influenced by many factors that don't directly affect Legacy Housing'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 Legacy Housing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Legacy Housing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Legacy Housing'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.