Lowe#39;s Gross Profit vs Tax Provision Analysis

0JVQ Stock

272.68 1.30 0.47%

Lowe#39;s Cos financial indicator trend analysis is infinitely more than just investigating Lowe#39;s Cos recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lowe#39;s Cos is a good investment. Please check the relationship between Lowe#39;s Cos Gross Profit and its Tax Provision accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Lowe Cos. 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 Lowe#39;s Cos Gross Profit account and Tax Provision. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Lowe#39;s Cos' Gross Profit and Tax Provision is 0.56. 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 Lowe Cos, assuming nothing else is changed. The correlation between historical values of Lowe#39;s Cos' 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 Lowe Cos 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., Lowe#39;s Cos' Gross Profit and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.56

Relationship Direction	Positive
Relationship Strength	Weak

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Gross Profit

Gross profit is a required income statement account that reflects total revenue of Lowe Cos minus its cost of goods sold. It is profit before Lowe#39; s Cos 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 Lowe#39;s Cos' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lowe#39;s Cos 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 Lowe Cos. 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.

Selling General Administrative is likely to gain to about 14.8 B in 2024. Tax Provision is likely to gain to about 1.4 B in 2024

	2013	2019	2023	2024 (projected)
Total Revenue	71.3B	86.4B	99.3B	104.3B
Depreciation And Amortization	1.6B	1.9B	2.2B	2.3B

Total Revenue Depreciation And Amortization

Lowe#39;s Cos fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Short Term Investments	Common Stock	Current Deferred Revenue	Other Assets
Total Assets		0.82	0.92	0.87	-0.71	0.68	0.83	-0.68	0.34	0.91	0.59	0.51	-0.23	-0.87	0.84	0.93	0.83	-0.62	0.89	0.92	0.48	0.87	0.89	-0.49	0.83	-0.59
Short Long Term Debt Total	0.82		0.96	0.77	-0.96	0.37	1.0	-0.95	0.72	0.58	0.07	0.8	-0.02	-0.71	0.99	0.94	0.71	-0.14	0.98	0.95	0.32	0.74	0.9	-0.8	0.6	-0.8
Other Current Liab	0.92	0.96		0.91	-0.91	0.42	0.96	-0.89	0.52	0.69	0.25	0.67	-0.23	-0.83	0.95	0.99	0.86	-0.36	0.98	0.99	0.53	0.89	0.95	-0.76	0.75	-0.7
Total Current Liabilities	0.87	0.77	0.91		-0.7	0.41	0.77	-0.67	0.22	0.66	0.44	0.42	-0.38	-0.87	0.74	0.93	1.0	-0.64	0.84	0.93	0.77	1.0	0.91	-0.64	0.88	-0.36
Total Stockholder Equity	-0.71	-0.96	-0.91	-0.7		-0.27	-0.96	1.0	-0.79	-0.39	0.16	-0.87	0.2	0.71	-0.96	-0.86	-0.65	-0.05	-0.95	-0.87	-0.4	-0.67	-0.88	0.92	-0.58	0.85
Property Plant And Equipment Net	0.68	0.37	0.42	0.41	-0.27		0.37	-0.25	0.3	0.75	0.62	0.45	-0.17	-0.72	0.42	0.46	0.36	-0.54	0.46	0.44	0.23	0.42	0.58	-0.15	0.71	-0.31
Net Debt	0.83	1.0	0.96	0.77	-0.96	0.37		-0.95	0.71	0.58	0.07	0.8	-0.02	-0.72	0.99	0.94	0.72	-0.14	0.98	0.95	0.32	0.75	0.9	-0.8	0.61	-0.8
Retained Earnings	-0.68	-0.95	-0.89	-0.67	1.0	-0.25	-0.95		-0.81	-0.35	0.2	-0.88	0.18	0.68	-0.96	-0.84	-0.62	-0.09	-0.94	-0.85	-0.37	-0.64	-0.86	0.93	-0.55	0.86
Cash	0.34	0.72	0.52	0.22	-0.79	0.3	0.71	-0.81		0.08	-0.44	0.97	0.09	-0.41	0.74	0.48	0.15	0.44	0.66	0.5	-0.02	0.18	0.58	-0.78	0.26	-0.8
Non Current Assets Total	0.91	0.58	0.69	0.66	-0.39	0.75	0.58	-0.35	0.08		0.82	0.24	-0.05	-0.68	0.6	0.72	0.61	-0.74	0.64	0.7	0.23	0.68	0.64	-0.1	0.67	-0.39
Non Currrent Assets Other	0.59	0.07	0.25	0.44	0.16	0.62	0.07	0.2	-0.44	0.82		-0.28	-0.05	-0.4	0.07	0.33	0.44	-0.94	0.15	0.3	0.22	0.48	0.25	0.35	0.5	0.2
Cash And Short Term Investments	0.51	0.8	0.67	0.42	-0.87	0.45	0.8	-0.88	0.97	0.24	-0.28		-0.07	-0.62	0.83	0.63	0.36	0.23	0.78	0.65	0.2	0.39	0.75	-0.85	0.49	-0.81
Net Receivables	-0.23	-0.02	-0.23	-0.38	0.2	-0.17	-0.02	0.18	0.09	-0.05	-0.05	-0.07		0.55	-0.09	-0.16	-0.41	0.23	-0.2	-0.15	-0.79	-0.38	-0.34	0.34	-0.56	0.11
Common Stock Shares Outstanding	-0.87	-0.71	-0.83	-0.87	0.71	-0.72	-0.72	0.68	-0.41	-0.68	-0.4	-0.62	0.55		-0.74	-0.83	-0.84	0.54	-0.82	-0.82	-0.75	-0.87	-0.94	0.67	-0.98	0.5
Non Current Liabilities Total	0.84	0.99	0.95	0.74	-0.96	0.42	0.99	-0.96	0.74	0.6	0.07	0.83	-0.09	-0.74		0.92	0.68	-0.12	0.99	0.93	0.32	0.72	0.9	-0.8	0.62	-0.86
Inventory	0.93	0.94	0.99	0.93	-0.86	0.46	0.94	-0.84	0.48	0.72	0.33	0.63	-0.16	-0.83	0.92		0.9	-0.45	0.96	1.0	0.54	0.92	0.95	-0.72	0.78	-0.61
Other Current Assets	0.83	0.71	0.86	1.0	-0.65	0.36	0.72	-0.62	0.15	0.61	0.44	0.36	-0.41	-0.84	0.68	0.9		-0.66	0.78	0.89	0.81	1.0	0.87	-0.62	0.87	-0.28
Other Stockholder Equity	-0.62	-0.14	-0.36	-0.64	-0.05	-0.54	-0.14	-0.09	0.44	-0.74	-0.94	0.23	0.23	0.54	-0.12	-0.45	-0.66		-0.24	-0.42	-0.52	-0.67	-0.4	-0.14	-0.67	-0.26
Total Liab	0.89	0.98	0.98	0.84	-0.95	0.46	0.98	-0.94	0.66	0.64	0.15	0.78	-0.2	-0.82	0.99	0.96	0.78	-0.24		0.97	0.46	0.82	0.95	-0.81	0.72	-0.8
Total Current Assets	0.92	0.95	0.99	0.93	-0.87	0.44	0.95	-0.85	0.5	0.7	0.3	0.65	-0.15	-0.82	0.93	1.0	0.89	-0.42	0.97		0.53	0.92	0.95	-0.74	0.77	-0.62
Short Term Debt	0.48	0.32	0.53	0.77	-0.4	0.23	0.32	-0.37	-0.02	0.23	0.22	0.2	-0.79	-0.75	0.32	0.54	0.81	-0.52	0.46	0.53		0.77	0.65	-0.56	0.82	-0.02
Accounts Payable	0.87	0.74	0.89	1.0	-0.67	0.42	0.75	-0.64	0.18	0.68	0.48	0.39	-0.38	-0.87	0.72	0.92	1.0	-0.67	0.82	0.92	0.77		0.89	-0.61	0.89	-0.33
Short Term Investments	0.89	0.9	0.95	0.91	-0.88	0.58	0.9	-0.86	0.58	0.64	0.25	0.75	-0.34	-0.94	0.9	0.95	0.87	-0.4	0.95	0.95	0.65	0.89		-0.81	0.89	-0.63
Common Stock	-0.49	-0.8	-0.76	-0.64	0.92	-0.15	-0.8	0.93	-0.78	-0.1	0.35	-0.85	0.34	0.67	-0.8	-0.72	-0.62	-0.14	-0.81	-0.74	-0.56	-0.61	-0.81		-0.57	0.67
Current Deferred Revenue	0.83	0.6	0.75	0.88	-0.58	0.71	0.61	-0.55	0.26	0.67	0.5	0.49	-0.56	-0.98	0.62	0.78	0.87	-0.67	0.72	0.77	0.82	0.89	0.89	-0.57		-0.31
Other Assets	-0.59	-0.8	-0.7	-0.36	0.85	-0.31	-0.8	0.86	-0.8	-0.39	0.2	-0.81	0.11	0.5	-0.86	-0.61	-0.28	-0.26	-0.8	-0.62	-0.02	-0.33	-0.63	0.67	-0.31

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Lowe#39;s Cos Account Relationship Matchups

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Lowe#39;s Gross Profit vs Tax Provision Analysis

Gross Profit vs Tax Provision

Gross Profit vs Tax Provision Correlation Analysis

Correlation Coefficient

Gross Profit

Tax Provision

Lowe#39;s Cos fundamental ratios Correlations

Lowe#39;s Cos Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Lowe#39;s Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Other Current Assets	+ 1.0	Total Current Liabilities
Accounts Payable	+ 1.0	Total Current Liabilities
Retained Earnings	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 1.0	Inventory
Accounts Payable	+ 1.0	Other Current Assets

Current Deferred Revenue	- 0.98	Common Stock Shares Outstanding
Non Current Liabilities Total	- 0.96	Retained Earnings
Non Current Liabilities Total	- 0.96	Total Stockholder Equity
Net Debt	- 0.96	Total Stockholder Equity
Total Stockholder Equity	- 0.96	Short Long Term Debt Total
Retained Earnings	- 0.95	Net Debt