Kingnet Total Revenue vs Tax Provision Analysis

002517 Stock

12.63 0.25 1.94%

Kingnet Network financial indicator trend analysis is infinitely more than just investigating Kingnet Network recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kingnet Network is a good investment. Please check the relationship between Kingnet Network Total Revenue and its Tax Provision accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Kingnet Network Co. 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.

Total Revenue vs Tax Provision

Total Revenue vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kingnet Network Total Revenue account and Tax Provision. At this time, the significance of the direction appears to have strong relationship.

The correlation between Kingnet Network's Total Revenue and Tax Provision is 0.66. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Kingnet Network Co, assuming nothing else is changed. The correlation between historical values of Kingnet Network's Total Revenue 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 Total Revenue of Kingnet Network Co 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 Total Revenue i.e., Kingnet Network's Total Revenue and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.66

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Total Revenue

Total revenue comprises all receipts Kingnet Network generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

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 Kingnet Network's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kingnet Network 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 Kingnet Network Co. 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.

The current year's Selling General Administrative is expected to grow to about 140.3 M. The current year's Tax Provision is expected to grow to about 122.5 M

	2021	2022	2023	2024 (projected)
Gross Profit	1.7B	2.8B	3.5B	3.7B
Total Revenue	2.4B	3.7B	4.3B	4.5B

Gross Profit Total Revenue

Kingnet Network fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment
Total Assets		0.01	0.73	0.94	1.0	-0.55	0.58	-0.82	0.94	0.79	0.85	0.82	0.36	0.27	0.87	0.97	0.75	-0.73	0.46	0.24	0.94	0.95	-0.01	-0.48	0.83	-0.55
Short Long Term Debt Total	0.01		-0.16	0.06	0.0	-0.23	0.27	0.06	0.02	0.34	-0.03	0.05	0.15	0.39	-0.07	-0.05	0.17	-0.36	0.74	0.65	0.02	0.01	0.98	-0.21	-0.47	-0.28
Other Current Liab	0.73	-0.16		0.86	0.72	-0.42	0.33	-0.87	0.76	0.54	0.86	0.33	0.39	-0.29	0.86	0.66	0.45	-0.51	0.41	-0.12	0.86	0.83	-0.18	-0.28	0.66	-0.38
Total Current Liabilities	0.94	0.06	0.86		0.93	-0.52	0.57	-0.85	0.94	0.77	0.88	0.67	0.35	0.11	0.89	0.9	0.68	-0.72	0.57	0.09	0.99	0.95	0.03	-0.44	0.77	-0.52
Total Stockholder Equity	1.0	0.0	0.72	0.93		-0.55	0.56	-0.83	0.94	0.77	0.86	0.81	0.37	0.26	0.87	0.97	0.74	-0.71	0.45	0.26	0.93	0.95	-0.01	-0.47	0.82	-0.54
Property Plant And Equipment Net	-0.55	-0.23	-0.42	-0.52	-0.55		-0.52	0.46	-0.45	-0.56	-0.46	-0.41	-0.46	-0.27	-0.5	-0.58	-0.45	0.84	-0.44	-0.27	-0.53	-0.56	-0.18	0.87	-0.45	0.98
Current Deferred Revenue	0.58	0.27	0.33	0.57	0.56	-0.52		-0.56	0.45	0.64	0.55	0.39	0.58	0.71	0.58	0.64	0.67	-0.68	0.54	0.31	0.58	0.65	0.22	-0.45	0.45	-0.56
Net Debt	-0.82	0.06	-0.87	-0.85	-0.83	0.46	-0.56		-0.8	-0.56	-0.99	-0.39	-0.57	-0.02	-0.99	-0.75	-0.54	0.56	-0.47	-0.18	-0.84	-0.95	0.06	0.36	-0.65	0.43
Retained Earnings	0.94	0.02	0.76	0.94	0.94	-0.45	0.45	-0.8		0.66	0.85	0.72	0.14	0.15	0.83	0.91	0.55	-0.58	0.49	0.05	0.91	0.9	0.03	-0.36	0.73	-0.42
Accounts Payable	0.79	0.34	0.54	0.77	0.77	-0.56	0.64	-0.56	0.66		0.57	0.77	0.54	0.36	0.6	0.76	0.87	-0.83	0.63	0.44	0.79	0.72	0.27	-0.51	0.58	-0.62
Cash	0.85	-0.03	0.86	0.88	0.86	-0.46	0.55	-0.99	0.85	0.57		0.43	0.52	0.04	0.99	0.78	0.54	-0.57	0.5	0.18	0.87	0.97	-0.03	-0.37	0.65	-0.43
Non Current Assets Total	0.82	0.05	0.33	0.67	0.81	-0.41	0.39	-0.39	0.72	0.77	0.43		0.08	0.39	0.45	0.84	0.72	-0.62	0.21	0.29	0.68	0.6	0.02	-0.4	0.71	-0.45
Non Currrent Assets Other	0.36	0.15	0.39	0.35	0.37	-0.46	0.58	-0.57	0.14	0.54	0.52	0.08		0.17	0.58	0.29	0.57	-0.57	0.41	0.52	0.38	0.52	0.06	-0.43	0.3	-0.5
Other Assets	0.27	0.39	-0.29	0.11	0.26	-0.27	0.71	-0.02	0.15	0.36	0.04	0.39	0.17		0.04	0.37	0.4	-0.4	0.27	0.42	0.1	0.18	0.39	-0.29	0.1	-0.32
Cash And Short Term Investments	0.87	-0.07	0.86	0.89	0.87	-0.5	0.58	-0.99	0.83	0.6	0.99	0.45	0.58	0.04		0.79	0.59	-0.6	0.47	0.19	0.88	0.97	-0.09	-0.41	0.71	-0.47
Net Receivables	0.97	-0.05	0.66	0.9	0.97	-0.58	0.64	-0.75	0.91	0.76	0.78	0.84	0.29	0.37	0.79		0.74	-0.75	0.38	0.13	0.91	0.9	-0.07	-0.52	0.88	-0.59
Common Stock Shares Outstanding	0.75	0.17	0.45	0.68	0.74	-0.45	0.67	-0.54	0.55	0.87	0.54	0.72	0.57	0.4	0.59	0.74		-0.74	0.47	0.43	0.71	0.69	0.11	-0.42	0.66	-0.51
Inventory	-0.73	-0.36	-0.51	-0.72	-0.71	0.84	-0.68	0.56	-0.58	-0.83	-0.57	-0.62	-0.57	-0.4	-0.6	-0.75	-0.74		-0.59	-0.39	-0.73	-0.7	-0.31	0.77	-0.57	0.88
Other Current Assets	0.46	0.74	0.41	0.57	0.45	-0.44	0.54	-0.47	0.49	0.63	0.5	0.21	0.41	0.27	0.47	0.38	0.47	-0.59		0.43	0.53	0.54	0.71	-0.29	0.05	-0.44
Other Stockholder Equity	0.24	0.65	-0.12	0.09	0.26	-0.27	0.31	-0.18	0.05	0.44	0.18	0.29	0.52	0.42	0.19	0.13	0.43	-0.39	0.43		0.09	0.22	0.6	-0.31	-0.14	-0.32
Total Liab	0.94	0.02	0.86	0.99	0.93	-0.53	0.58	-0.84	0.91	0.79	0.87	0.68	0.38	0.1	0.88	0.91	0.71	-0.73	0.53	0.09		0.94	-0.03	-0.45	0.8	-0.53
Total Current Assets	0.95	0.01	0.83	0.95	0.95	-0.56	0.65	-0.95	0.9	0.72	0.97	0.6	0.52	0.18	0.97	0.9	0.69	-0.7	0.54	0.22	0.94		-0.01	-0.47	0.77	-0.55
Short Term Debt	-0.01	0.98	-0.18	0.03	-0.01	-0.18	0.22	0.06	0.03	0.27	-0.03	0.02	0.06	0.39	-0.09	-0.07	0.11	-0.31	0.71	0.6	-0.03	-0.01		-0.15	-0.5	-0.22
Intangible Assets	-0.48	-0.21	-0.28	-0.44	-0.47	0.87	-0.45	0.36	-0.36	-0.51	-0.37	-0.4	-0.43	-0.29	-0.41	-0.52	-0.42	0.77	-0.29	-0.31	-0.45	-0.47	-0.15		-0.4	0.93
Common Stock	0.83	-0.47	0.66	0.77	0.82	-0.45	0.45	-0.65	0.73	0.58	0.65	0.71	0.3	0.1	0.71	0.88	0.66	-0.57	0.05	-0.14	0.8	0.77	-0.5	-0.4		-0.45
Property Plant Equipment	-0.55	-0.28	-0.38	-0.52	-0.54	0.98	-0.56	0.43	-0.42	-0.62	-0.43	-0.45	-0.5	-0.32	-0.47	-0.59	-0.51	0.88	-0.44	-0.32	-0.53	-0.55	-0.22	0.93	-0.45

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Kingnet Network Account Relationship Matchups

Kingnet Network fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.8B	3.5B	4.4B	5.8B	6.6B	6.9B
Other Current Liab	348.8M	171.0M	863.9K	708.3M	718.2M	754.1M
Total Current Liabilities	751.3M	483.3M	583.5M	1.2B	1.3B	1.4B
Total Stockholder Equity	2.9B	2.9B	3.4B	4.5B	5.2B	5.5B
Property Plant And Equipment Net	22.9M	15.6M	43.6M	63.2M	36.1M	34.3M
Current Deferred Revenue	112.9M	56.6M	304.9M	159.2M	171.8M	100.9M
Net Debt	(804.3M)	(730.9M)	(1.2B)	(2.5B)	(2.8B)	(2.6B)
Retained Earnings	636.3M	586.5M	1.2B	2.1B	3.3B	3.5B
Accounts Payable	402.5M	254.9M	266.7M	312.2M	442.1M	234.9M
Cash	804.3M	732.7M	1.2B	2.6B	2.8B	2.9B
Non Current Assets Total	1.6B	1.6B	1.7B	1.8B	2.1B	1.2B
Non Currrent Assets Other	472.7M	345.9M	334.9M	241.6M	337.3M	173.9M
Other Assets	116.2M	84.4M	1.0	213.5M	1.15	1.09
Cash And Short Term Investments	1.2B	1.0B	1.3B	2.6B	2.8B	2.9B
Net Receivables	828.7M	878.2M	1.3B	1.3B	1.5B	1.5B
Common Stock Shares Outstanding	2.2B	2.2B	2.2B	2.1B	2.1B	1.5B
Liabilities And Stockholders Equity	3.8B	3.5B	4.4B	5.8B	6.6B	6.9B
Inventory	18.7M	3.8M	16.2M	10.5M	19.6M	18.6M
Other Current Assets	57.2M	44.5M	45.5M	68.6M	272.6M	286.2M
Other Stockholder Equity	699.2M	653.2M	567.0M	601.3M	33.1M	31.4M
Total Liab	941.2M	536.0M	650.6M	1.2B	1.4B	1.4B
Total Current Assets	2.3B	1.9B	2.7B	3.9B	4.5B	4.8B
Short Term Debt	(112.9M)	762.8K	11.0M	21.5M	17.5M	16.6M
Intangible Assets	9.0M	11.5M	16.1M	27.7M	30.6M	23.6M
Property Plant Equipment	22.9M	15.6M	43.6M	63.2M	56.9M	82.5M
Other Liab	189.9M	52.7M	53.9M	16.0M	18.4M	17.5M
Non Current Liabilities Total	189.9M	52.7M	67.1M	33.0M	22.2M	44.4M
Net Tangible Assets	2.0B	2.0B	2.5B	3.6B	4.1B	2.6B
Short Term Investments	417.6M	280.2M	163.4M	(41.3M)	(37.2M)	(35.3M)
Deferred Long Term Liab	51.1M	65.8M	171.4M	241.1M	277.3M	291.2M
Good Will	2.1B	3.0B	852.4M	852.3M	767.0M	931.0M
Net Invested Capital	2.9B	2.9B	3.4B	4.5B	5.2B	3.3B
Net Working Capital	1.5B	1.5B	2.2B	2.7B	3.2B	2.3B

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Other Information on Investing in Kingnet Stock

Balance Sheet is a snapshot of the financial position of Kingnet Network at a specified time, usually calculated after every quarter, six months, or one year. Kingnet Network Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Kingnet Network 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 Kingnet currently owns. An asset can also be divided into two categories, current and non-current.

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Kingnet Total Revenue vs Tax Provision Analysis

Total Revenue vs Tax Provision

Total Revenue vs Tax Provision Correlation Analysis

Correlation Coefficient

Total Revenue

Tax Provision

Kingnet Network fundamental ratios Correlations

Kingnet Network Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Kingnet Network fundamental ratios Accounts

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Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Cash And Short Term Investments	+ 0.99	Cash
Short Term Debt	+ 0.98	Short Long Term Debt Total
Property Plant Equipment	+ 0.98	Property Plant And Equipment Net
Net Receivables	+ 0.97	Total Assets

Cash And Short Term Investments	- 0.99	Net Debt
Cash	- 0.99	Net Debt
Total Current Assets	- 0.95	Net Debt
Net Debt	- 0.87	Other Current Liab
Net Debt	- 0.85	Total Current Liabilities
Total Liab	- 0.84	Net Debt