Aerospace Gross Profit vs Tax Provision Analysis

000901 Stock

11.93 0.18 1.53%

Aerospace financial indicator trend analysis is way more than just evaluating Aerospace Hi Tech prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aerospace Hi Tech is a good investment. Please check the relationship between Aerospace Gross Profit and its Tax Provision accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aerospace Hi Tech Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Gross Profit vs Tax Provision

Gross Profit vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aerospace Hi Tech Gross Profit account and Tax Provision. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Aerospace's Gross Profit and Tax Provision is -0.11. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Aerospace Hi Tech Holding, assuming nothing else is changed. The correlation between historical values of Aerospace's Gross Profit and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Aerospace Hi Tech Holding are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Gross Profit i.e., Aerospace's Gross Profit and Tax Provision go up and down completely randomly.

Correlation Coefficient

-0.11

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Aerospace Hi Tech Holding minus its cost of goods sold. It is profit before Aerospace operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

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.

Most indicators from Aerospace's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aerospace Hi 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Aerospace Hi Tech Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

As of December 2, 2024, Selling General Administrative is expected to decline to about 204.2 M. In addition to that, Tax Provision is expected to decline to about 20.5 M

	2021	2022	2023	2024 (projected)
Gross Profit	1.0B	1.1B	1.1B	1.2B
Research Development	280.1M	296.3M	377.9M	305.4M

Gross Profit Research Development

Aerospace fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt	Short Term Investments	Net Tangible Assets	Good Will	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		0.19	0.98	0.97	0.98	0.36	0.96	0.82	0.92	0.93	0.97	0.74	0.97	0.76	0.92	0.95	0.83	0.53	0.91	-0.61	0.53	0.86	0.8	-0.75	0.87	-0.74
Other Current Liab	0.19		0.03	0.32	0.27	0.42	-0.05	0.54	0.04	0.25	-0.03	0.55	0.02	0.44	0.07	-0.05	-0.09	0.15	0.2	-0.01	0.54	0.04	0.12	-0.5	-0.03	-0.29
Total Current Liabilities	0.98	0.03		0.9	0.95	0.27	0.99	0.7	0.92	0.89	0.99	0.62	0.99	0.68	0.92	0.97	0.88	0.54	0.85	-0.61	0.43	0.82	0.76	-0.64	0.86	-0.67
Total Stockholder Equity	0.97	0.32	0.9		0.95	0.48	0.89	0.88	0.86	0.91	0.9	0.81	0.89	0.8	0.89	0.88	0.69	0.5	0.93	-0.54	0.65	0.89	0.82	-0.82	0.83	-0.81
Other Liab	0.98	0.27	0.95	0.95		0.41	0.91	0.83	0.87	0.94	0.92	0.75	0.94	0.82	0.85	0.89	0.8	0.46	0.87	-0.52	0.54	0.82	0.74	-0.76	0.79	-0.78
Retained Earnings	0.36	0.42	0.27	0.48	0.41		0.17	0.46	0.0	0.55	0.2	0.76	0.2	0.77	0.13	0.11	0.26	0.33	0.21	0.42	0.55	0.44	0.28	-0.19	0.0	-0.46
Accounts Payable	0.96	-0.05	0.99	0.89	0.91	0.17		0.66	0.96	0.85	1.0	0.54	0.99	0.59	0.95	0.99	0.83	0.52	0.88	-0.68	0.39	0.83	0.78	-0.66	0.91	-0.67
Cash	0.82	0.54	0.7	0.88	0.83	0.46	0.66		0.69	0.79	0.69	0.89	0.7	0.82	0.71	0.67	0.52	0.42	0.83	-0.51	0.61	0.73	0.76	-0.78	0.71	-0.66
Other Assets	0.92	0.04	0.92	0.86	0.87	0.0	0.96	0.69		0.77	0.95	0.48	0.95	0.47	0.96	0.98	0.74	0.45	0.91	-0.84	0.38	0.78	0.78	-0.74	0.95	-0.61
Net Receivables	0.93	0.25	0.89	0.91	0.94	0.55	0.85	0.79	0.77		0.86	0.78	0.87	0.85	0.78	0.82	0.81	0.54	0.78	-0.38	0.43	0.84	0.69	-0.64	0.69	-0.75
Inventory	0.97	-0.03	0.99	0.9	0.92	0.2	1.0	0.69	0.95	0.86		0.58	0.99	0.61	0.95	0.99	0.85	0.54	0.88	-0.68	0.41	0.84	0.79	-0.66	0.91	-0.66
Other Current Assets	0.74	0.55	0.62	0.81	0.75	0.76	0.54	0.89	0.48	0.78	0.58		0.6	0.91	0.55	0.51	0.55	0.45	0.64	-0.19	0.65	0.66	0.63	-0.6	0.49	-0.59
Total Liab	0.97	0.02	0.99	0.89	0.94	0.2	0.99	0.7	0.95	0.87	0.99	0.6		0.64	0.93	0.98	0.89	0.52	0.86	-0.68	0.39	0.81	0.76	-0.65	0.88	-0.63
Intangible Assets	0.76	0.44	0.68	0.8	0.82	0.77	0.59	0.82	0.47	0.85	0.61	0.91	0.64		0.5	0.54	0.62	0.37	0.63	-0.08	0.57	0.72	0.6	-0.54	0.46	-0.7
Common Stock	0.92	0.07	0.92	0.89	0.85	0.13	0.95	0.71	0.96	0.78	0.95	0.55	0.93	0.5		0.97	0.71	0.54	0.93	-0.78	0.51	0.83	0.86	-0.69	0.95	-0.57
Property Plant Equipment	0.95	-0.05	0.97	0.88	0.89	0.11	0.99	0.67	0.98	0.82	0.99	0.51	0.98	0.54	0.97		0.81	0.48	0.9	-0.75	0.41	0.84	0.81	-0.66	0.94	-0.62
Long Term Debt	0.83	-0.09	0.88	0.69	0.8	0.26	0.83	0.52	0.74	0.81	0.85	0.55	0.89	0.62	0.71	0.81		0.51	0.6	-0.45	0.19	0.67	0.56	-0.35	0.65	-0.43
Short Term Investments	0.53	0.15	0.54	0.5	0.46	0.33	0.52	0.42	0.45	0.54	0.54	0.45	0.52	0.37	0.54	0.48	0.51		0.38	-0.25	0.19	0.37	0.32	-0.31	0.37	-0.35
Net Tangible Assets	0.91	0.2	0.85	0.93	0.87	0.21	0.88	0.83	0.91	0.78	0.88	0.64	0.86	0.63	0.93	0.9	0.6	0.38		-0.74	0.6	0.9	0.91	-0.81	0.95	-0.7
Good Will	-0.61	-0.01	-0.61	-0.54	-0.52	0.42	-0.68	-0.51	-0.84	-0.38	-0.68	-0.19	-0.68	-0.08	-0.78	-0.75	-0.45	-0.25	-0.74		-0.21	-0.49	-0.64	0.58	-0.85	0.22
Other Stockholder Equity	0.53	0.54	0.43	0.65	0.54	0.55	0.39	0.61	0.38	0.43	0.41	0.65	0.39	0.57	0.51	0.41	0.19	0.19	0.6	-0.21		0.54	0.7	-0.5	0.48	-0.41
Deferred Long Term Liab	0.86	0.04	0.82	0.89	0.82	0.44	0.83	0.73	0.78	0.84	0.84	0.66	0.81	0.72	0.83	0.84	0.67	0.37	0.9	-0.49	0.54		0.88	-0.59	0.84	-0.68
Long Term Investments	0.8	0.12	0.76	0.82	0.74	0.28	0.78	0.76	0.78	0.69	0.79	0.63	0.76	0.6	0.86	0.81	0.56	0.32	0.91	-0.64	0.7	0.88		-0.55	0.9	-0.46
Short Long Term Debt	-0.75	-0.5	-0.64	-0.82	-0.76	-0.19	-0.66	-0.78	-0.74	-0.64	-0.66	-0.6	-0.65	-0.54	-0.69	-0.66	-0.35	-0.31	-0.81	0.58	-0.5	-0.59	-0.55		-0.68	0.84
Total Current Assets	0.87	-0.03	0.86	0.83	0.79	0.0	0.91	0.71	0.95	0.69	0.91	0.49	0.88	0.46	0.95	0.94	0.65	0.37	0.95	-0.85	0.48	0.84	0.9	-0.68		-0.54
Short Term Debt	-0.74	-0.29	-0.67	-0.81	-0.78	-0.46	-0.67	-0.66	-0.61	-0.75	-0.66	-0.59	-0.63	-0.7	-0.57	-0.62	-0.43	-0.35	-0.7	0.22	-0.41	-0.68	-0.46	0.84	-0.54

Click cells to compare fundamentals

Aerospace Account Relationship Matchups

Aerospace fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.0B	7.3B	7.6B	8.4B	8.8B	9.2B
Other Current Liab	180.8M	447.9M	307.7M	30.1M	33.6M	31.9M
Total Current Liabilities	1.9B	1.8B	1.9B	2.3B	2.9B	3.0B
Total Stockholder Equity	4.1B	4.3B	4.2B	4.3B	4.2B	4.4B
Other Liab	334.5M	372.1M	389.3M	393.2M	452.2M	474.8M
Retained Earnings	1.0B	340.3M	364.9M	322.7M	169.5M	326.1M
Accounts Payable	1.1B	1.1B	1.3B	1.6B	2.0B	2.1B
Cash	863.7M	1.2B	1.2B	1.1B	988.3M	507.0M
Other Assets	236.7M	298.5M	558.4M	637.7M	733.3M	770.0M
Net Receivables	1.5B	943.4M	1.7B	1.2B	1.5B	1.6B
Inventory	1.2B	1.2B	1.3B	1.8B	2.0B	2.1B
Other Current Assets	270.0M	240.5M	239.9M	257.5M	161.6M	130.8M
Total Liab	2.7B	2.8B	3.2B	3.9B	4.4B	4.6B
Intangible Assets	510.6M	299.9M	308.9M	327.6M	355.6M	187.8M
Property Plant Equipment	1.4B	1.5B	1.7B	2.0B	2.3B	2.4B
Long Term Debt	432.0M	210.7M	341.5M	503.8M	502.0M	527.1M
Net Tangible Assets	2.8B	3.8B	3.7B	3.7B	4.3B	3.1B
Good Will	942.5M	383.5M	353.2M	360.8M	377.2M	538.1M
Other Stockholder Equity	73.6M	91.1M	150.5M	(15.9M)	(18.3M)	(17.4M)
Deferred Long Term Liab	119.2M	172.4M	100.5M	140.5M	161.6M	124.8M
Short Long Term Debt	348.9M	14.5M	80.7M	142.6M	231.8M	147.1M
Total Current Assets	3.9B	4.5B	4.5B	5.0B	5.2B	4.5B
Non Current Assets Total	3.1B	2.8B	3.1B	3.4B	3.6B	3.3B
Non Currrent Assets Other	45.5M	312.8M	332.8M	228.6M	271.6M	176.5M
Non Current Liabilities Total	795.6M	993.6M	1.2B	1.6B	1.5B	1.1B
Non Current Liabilities Other	103.5M	112.6M	110.2M	101.3M	149.2M	112.4M
Net Invested Capital	4.6B	4.6B	4.6B	4.9B	4.9B	5.0B
Net Working Capital	2.0B	2.7B	2.6B	2.6B	2.3B	2.5B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

TITAN	Titan Company Limited
U	Unity Software
PAYC	Paycom Soft

Other Information on Investing in Aerospace Stock

Balance Sheet is a snapshot of the financial position of Aerospace Hi Tech at a specified time, usually calculated after every quarter, six months, or one year. Aerospace Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Aerospace and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Aerospace currently owns. An asset can also be divided into two categories, current and non-current.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Aerospace Gross Profit vs Tax Provision Analysis

Gross Profit vs Tax Provision

Gross Profit vs Tax Provision Correlation Analysis

Correlation Coefficient

Gross Profit

Tax Provision

Aerospace fundamental ratios Correlations

Aerospace Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Aerospace fundamental ratios Accounts

Also Currently Popular

Other Information on Investing in Aerospace Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Inventory	+ 1.0	Accounts Payable
Accounts Payable	+ 0.99	Total Current Liabilities
Inventory	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Accounts Payable
Property Plant Equipment	+ 0.99	Accounts Payable

Total Current Assets	- 0.85	Good Will
Good Will	- 0.84	Other Assets
Short Long Term Debt	- 0.82	Total Stockholder Equity
Short Long Term Debt	- 0.81	Net Tangible Assets
Short Term Debt	- 0.81	Total Stockholder Equity
Good Will	- 0.78	Common Stock