Workhorse Tax Provision from 2010 to 2024

WKHS Stock  USD 1.15  0.05  4.55%   
Workhorse Tax Provision yearly trend continues to be comparatively stable with very little volatility. Tax Provision is likely to outpace its year average in 2024. Tax Provision is the amount set aside by Workhorse Group to cover any estimated taxes for the current period. It reflects Workhorse's expected tax liabilities. View All Fundamentals
 
Tax Provision  
First Reported
2019-12-31
Previous Quarter
0.0
Current Value
0.0
Quarterly Volatility
6.5 M
 
Covid
Check Workhorse financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Workhorse's main balance sheet or income statement drivers, such as Interest Expense of 9.2 M, Selling General Administrative of 57.1 M or Other Operating Expenses of 124.3 M, as well as many indicators such as Price To Sales Ratio of 5.41, Dividend Yield of 767 or PTB Ratio of 0.85. Workhorse financial statements analysis is a perfect complement when working with Workhorse Valuation or Volatility modules.
  
Check out the analysis of Workhorse Correlation against competitors.

Latest Workhorse's Tax Provision Growth Pattern

Below is the plot of the Tax Provision of Workhorse Group over the last few years. It is the amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities. Workhorse's Tax Provision historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Workhorse's overall financial position and show how it may be relating to other accounts over time.
Tax Provision10 Years Trend
Very volatile
   Tax Provision   
       Timeline  

Workhorse Tax Provision Regression Statistics

Arithmetic Mean(16,123)
Geometric Mean0.00
Coefficient Of Variation(51,201)
Mean Deviation2,935,232
Median0.00
Standard Deviation8,255,021
Sample Variance68.1T
Range43.7M
R-Value(0.05)
Mean Square Error73.2T
R-Squared0
Significance0.87
Slope(83,395)
Total Sum of Squares954T

Workhorse Tax Provision History

2024-105 K
2023-110.5 K
2022-13.2 K
2021-21.8 M
202021.8 M

About Workhorse Financial Statements

Workhorse shareholders use historical fundamental indicators, such as Tax Provision, to determine how well the company is positioned to perform in the future. Although Workhorse investors may analyze each financial statement separately, they are all interrelated. The changes in Workhorse's assets and liabilities, for example, are also reflected in the revenues and expenses on on Workhorse's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Tax Provision-110.5 K-105 K

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Workhorse Stock Analysis

When running Workhorse's price analysis, check to measure Workhorse'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 Workhorse is operating at the current time. Most of Workhorse's value examination focuses on studying past and present price action to predict the probability of Workhorse's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Workhorse's price. Additionally, you may evaluate how the addition of Workhorse to your portfolios can decrease your overall portfolio volatility.