Advent Tax Provision vs Gross Profit Analysis

ADNWW Stock

USD 0.01 0 13.95%

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

Tax Provision vs Gross Profit

Tax Provision vs Gross Profit Correlation Analysis

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

The correlation between Advent Technologies' Tax Provision and Gross Profit is -0.42. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Advent Technologies Holdings, assuming nothing else is changed. The correlation between historical values of Advent Technologies' Tax Provision and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Advent Technologies Holdings are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Tax Provision i.e., Advent Technologies' Tax Provision and Gross Profit go up and down completely randomly.

Correlation Coefficient

-0.42

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Advent Technologies Holdings minus its cost of goods sold. It is profit before Advent Technologies 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.

Most indicators from Advent Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Advent Technologies 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 Advent Technologies Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

At this time, Advent Technologies' Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 9.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 24.6 M in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	45.8M	45.8M	62.3M	34.4M
Cost Of Revenue	5.4M	8.6M	18.3M	19.2M

Total Operating Expenses Cost Of Revenue

Advent Technologies fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Other Assets	Cash And Short Term Investments	Capital Surpluse	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Other Current Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity
Total Assets		-0.7	0.8	0.89	0.87	-0.53	0.71	-0.02	-0.27	0.79	-0.91	-0.33	-0.89	-0.93	0.37	-0.82	-0.21	0.95	-0.34	-0.12	-0.95	0.9	0.92	-0.6	-0.3	-0.86
Total Current Liabilities	-0.7		-0.56	-0.68	-0.87	0.96	-0.67	0.01	0.86	-0.77	0.6	0.85	0.77	0.88	-0.89	0.97	0.82	-0.88	0.02	0.74	0.85	-0.86	-0.92	0.85	0.7	0.91
Total Stockholder Equity	0.8	-0.56		0.64	0.72	-0.38	0.96	-0.62	-0.2	0.95	-0.68	-0.22	-0.65	-0.71	0.26	-0.61	-0.15	0.76	-0.44	-0.11	-0.78	0.76	0.73	-0.43	-0.22	-0.63
Retained Earnings	0.89	-0.68	0.64		0.67	-0.55	0.6	0.1	-0.25	0.64	-0.97	-0.38	-0.98	-0.92	0.38	-0.83	-0.18	0.85	0.11	-0.04	-0.8	0.7	0.82	-0.61	-0.28	-0.92
Other Assets	0.87	-0.87	0.72	0.67		-0.75	0.71	-0.07	-0.61	0.84	-0.67	-0.55	-0.73	-0.87	0.63	-0.89	-0.57	0.95	-0.46	-0.51	-0.96	0.99	0.95	-0.71	-0.55	-0.81
Cash And Short Term Investments	-0.53	0.96	-0.38	-0.55	-0.75		-0.54	-0.05	0.91	-0.63	0.41	0.95	0.62	0.76	-0.97	0.89	0.9	-0.74	-0.1	0.85	0.72	-0.73	-0.8	0.73	0.61	0.82
Capital Surpluse	0.71	-0.67	0.96	0.6	0.71	-0.54		-0.67	-0.4	0.98	-0.6	-0.42	-0.63	-0.72	0.46	-0.68	-0.36	0.75	-0.29	-0.31	-0.76	0.74	0.75	-0.53	-0.34	-0.67
Total Liab	-0.02	0.01	-0.62	0.1	-0.07	-0.05	-0.67		-0.03	-0.54	-0.06	-0.06	-0.09	-0.03	0.04	-0.05	-0.01	-0.03	0.28	0.02	0.06	-0.09	-0.02	-0.06	-0.03	-0.08
Total Current Assets	-0.27	0.86	-0.2	-0.25	-0.61	0.91	-0.4	-0.03		-0.5	0.15	0.91	0.38	0.54	-0.95	0.72	1.0	-0.55	-0.06	0.96	0.53	-0.6	-0.63	0.76	0.77	0.6
Common Stock	0.79	-0.77	0.95	0.64	0.84	-0.63	0.98	-0.54	-0.5		-0.64	-0.49	-0.69	-0.8	0.54	-0.77	-0.46	0.85	-0.37	-0.41	-0.86	0.86	0.85	-0.63	-0.44	-0.75
Short Long Term Debt Total	-0.91	0.6	-0.68	-0.97	-0.67	0.41	-0.6	-0.06	0.15	-0.64		0.21	0.96	0.89	-0.23	0.76	0.07	-0.84	0.02	-0.08	0.79	-0.7	-0.8	0.63	0.33	0.86
Other Current Liab	-0.33	0.85	-0.22	-0.38	-0.55	0.95	-0.42	-0.06	0.91	-0.49	0.21		0.45	0.59	-0.99	0.73	0.92	-0.57	-0.2	0.9	0.56	-0.56	-0.64	0.6	0.49	0.68
Property Plant And Equipment Net	-0.89	0.77	-0.65	-0.98	-0.73	0.62	-0.63	-0.09	0.38	-0.69	0.96	0.45		0.96	-0.46	0.88	0.3	-0.89	-0.1	0.15	0.83	-0.75	-0.87	0.74	0.44	0.96
Current Deferred Revenue	-0.93	0.88	-0.71	-0.92	-0.87	0.76	-0.72	-0.03	0.54	-0.8	0.89	0.59	0.96		-0.62	0.95	0.48	-0.98	0.09	0.36	0.95	-0.9	-0.97	0.78	0.5	0.98
Net Debt	0.37	-0.89	0.26	0.38	0.63	-0.97	0.46	0.04	-0.95	0.54	-0.23	-0.99	-0.46	-0.62		-0.77	-0.95	0.62	0.12	-0.93	-0.6	0.63	0.69	-0.66	-0.57	-0.69
Accounts Payable	-0.82	0.97	-0.61	-0.83	-0.89	0.89	-0.68	-0.05	0.72	-0.77	0.76	0.73	0.88	0.95	-0.77		0.66	-0.93	0.0	0.56	0.89	-0.88	-0.95	0.83	0.63	0.96
Cash	-0.21	0.82	-0.15	-0.18	-0.57	0.9	-0.36	-0.01	1.0	-0.46	0.07	0.92	0.3	0.48	-0.95	0.66		-0.49	-0.06	0.98	0.48	-0.55	-0.58	0.7	0.72	0.54
Non Current Assets Total	0.95	-0.88	0.76	0.85	0.95	-0.74	0.75	-0.03	-0.55	0.85	-0.84	-0.57	-0.89	-0.98	0.62	-0.93	-0.49		-0.28	-0.41	-0.99	0.97	1.0	-0.76	-0.5	-0.93
Non Currrent Assets Other	-0.34	0.02	-0.44	0.11	-0.46	-0.1	-0.29	0.28	-0.06	-0.37	0.02	-0.2	-0.1	0.09	0.12	0.0	-0.06	-0.28		0.03	0.38	-0.47	-0.25	-0.06	-0.04	-0.08
Net Receivables	-0.12	0.74	-0.11	-0.04	-0.51	0.85	-0.31	0.02	0.96	-0.41	-0.08	0.9	0.15	0.36	-0.93	0.56	0.98	-0.41	0.03		0.42	-0.5	-0.49	0.55	0.59	0.42
Common Stock Total Equity	-0.95	0.85	-0.78	-0.8	-0.96	0.72	-0.76	0.06	0.53	-0.86	0.79	0.56	0.83	0.95	-0.6	0.89	0.48	-0.99	0.38	0.42		-0.98	-0.99	0.7	0.45	0.89
Common Stock Shares Outstanding	0.9	-0.86	0.76	0.7	0.99	-0.73	0.74	-0.09	-0.6	0.86	-0.7	-0.56	-0.75	-0.9	0.63	-0.88	-0.55	0.97	-0.47	-0.5	-0.98		0.97	-0.72	-0.53	-0.83
Non Current Liabilities Total	0.92	-0.92	0.73	0.82	0.95	-0.8	0.75	-0.02	-0.63	0.85	-0.8	-0.64	-0.87	-0.97	0.69	-0.95	-0.58	1.0	-0.25	-0.49	-0.99	0.97		-0.79	-0.55	-0.94
Inventory	-0.6	0.85	-0.43	-0.61	-0.71	0.73	-0.53	-0.06	0.76	-0.63	0.63	0.6	0.74	0.78	-0.66	0.83	0.7	-0.76	-0.06	0.55	0.7	-0.72	-0.79		0.92	0.8
Other Current Assets	-0.3	0.7	-0.22	-0.28	-0.55	0.61	-0.34	-0.03	0.77	-0.44	0.33	0.49	0.44	0.5	-0.57	0.63	0.72	-0.5	-0.04	0.59	0.45	-0.53	-0.55	0.92		0.52
Other Stockholder Equity	-0.86	0.91	-0.63	-0.92	-0.81	0.82	-0.67	-0.08	0.6	-0.75	0.86	0.68	0.96	0.98	-0.69	0.96	0.54	-0.93	-0.08	0.42	0.89	-0.83	-0.94	0.8	0.52

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Advent Technologies Account Relationship Matchups

Advent Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	226.0M	93.9M	163.0M	89.6M	34.7M	33.0M
Total Current Liabilities	1.3M	3.2M	18.9M	13.7M	11.9M	9.0M
Total Stockholder Equity	5.0M	5.0M	130.2M	64.1M	13.4M	12.8M
Retained Earnings	3.2M	2.2M	(33.4M)	(107.8M)	(179.2M)	(170.2M)
Cash And Short Term Investments	520.4K	24.9K	79.8M	32.9M	37.8M	25.1M
Total Liab	221.0M	88.9M	32.8M	25.4M	21.3M	20.2M
Total Current Assets	577.5K	582.5K	97.4M	49.5M	8.8M	8.4M
Common Stock	672.0	701.0	5.1K	5K	4.5K	4.3K

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Advent Tax Provision vs Gross Profit Analysis

Tax Provision vs Gross Profit

Tax Provision vs Gross Profit Correlation Analysis

Correlation Coefficient

Tax Provision

Gross Profit

Advent Technologies fundamental ratios Correlations

Advent Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Advent Technologies fundamental ratios Accounts

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Additional Tools for Advent Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash	+ 1.0	Total Current Assets
Non Current Liabilities Total	+ 1.0	Non Current Assets Total
Common Stock Shares Outstanding	+ 0.99	Other Assets
Common Stock	+ 0.98	Capital Surpluse
Other Stockholder Equity	+ 0.98	Current Deferred Revenue
Net Receivables	+ 0.98	Cash

Non Current Liabilities Total	- 0.99	Common Stock Total Equity
Common Stock Total Equity	- 0.99	Non Current Assets Total
Net Debt	- 0.99	Other Current Liab
Common Stock Shares Outstanding	- 0.98	Common Stock Total Equity
Non Current Assets Total	- 0.98	Current Deferred Revenue
Property Plant And Equipment Net	- 0.98	Retained Earnings