Adtalem Income Tax Expense vs Tax Provision Analysis

ATGE Stock

USD 91.41 0.66 0.73%

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

Income Tax Expense vs Tax Provision

Income Tax Expense vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Adtalem Global Education Income Tax Expense account and Tax Provision. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Adtalem Global's Income Tax Expense and Tax Provision is 0.85. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Adtalem Global Education, assuming nothing else is changed. The correlation between historical values of Adtalem Global's Income Tax Expense 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 Income Tax Expense of Adtalem Global Education 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 Income Tax Expense i.e., Adtalem Global's Income Tax Expense and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Income Tax Expense

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 Adtalem Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Adtalem Global Education 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 Adtalem Global Education. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

At present, Adtalem Global's Enterprise Value Over EBITDA is projected to decrease significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 14.63, whereas Discontinued Operations is forecasted to decline to (10.1 M).

	2021	2022	2023	2024 (projected)
Gross Profit	727.3M	802.3M	886.1M	552.3M
Total Revenue	1.4B	1.5B	1.6B	1.1B

Gross Profit Total Revenue

Adtalem Global 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	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock	Common Stock Total Equity
Total Assets		0.72	0.77	0.94	0.63	0.46	0.56	0.95	0.57	0.91	0.45	0.57	0.21	0.46	0.75	-0.06	0.4	-0.73	0.84	0.69	0.57	0.1	0.74	0.68	0.82	0.72
Short Long Term Debt Total	0.72		0.68	0.62	-0.01	-0.12	0.95	0.6	0.32	0.59	0.33	0.31	-0.48	-0.2	0.99	-0.04	0.59	-0.87	0.97	0.36	0.5	-0.17	0.65	0.34	0.23	0.67
Other Current Liab	0.77	0.68		0.67	0.38	0.1	0.53	0.66	0.64	0.6	0.25	0.63	0.0	0.13	0.72	-0.08	0.5	-0.55	0.76	0.27	0.64	-0.23	0.51	0.32	0.44	0.58
Total Current Liabilities	0.94	0.62	0.67		0.56	0.42	0.5	0.97	0.39	0.94	0.62	0.39	0.27	0.49	0.64	-0.03	0.22	-0.76	0.76	0.83	0.36	0.18	0.8	0.86	0.8	0.78
Total Stockholder Equity	0.63	-0.01	0.38	0.56		0.87	-0.22	0.62	0.59	0.56	0.07	0.59	0.78	0.73	0.03	-0.06	0.07	-0.03	0.15	0.47	0.41	0.34	0.27	0.4	0.89	0.29
Property Plant And Equipment Net	0.46	-0.12	0.1	0.42	0.87		-0.33	0.43	0.45	0.36	0.03	0.45	0.62	0.77	-0.12	0.0	0.13	0.11	-0.01	0.51	0.38	0.58	0.08	0.33	0.81	0.07
Net Debt	0.56	0.95	0.53	0.5	-0.22	-0.33		0.47	0.03	0.52	0.36	0.02	-0.56	-0.39	0.94	-0.01	0.45	-0.87	0.9	0.29	0.26	-0.18	0.67	0.33	0.02	0.64
Retained Earnings	0.95	0.6	0.66	0.97	0.62	0.43	0.47		0.45	0.96	0.62	0.45	0.33	0.51	0.63	-0.1	0.14	-0.76	0.74	0.8	0.34	0.09	0.81	0.84	0.84	0.77
Cash	0.57	0.32	0.64	0.39	0.59	0.45	0.03	0.45		0.27	-0.15	1.0	0.16	0.39	0.37	-0.11	0.5	-0.16	0.39	0.08	0.81	-0.2	0.02	-0.03	0.59	0.25
Non Current Assets Total	0.91	0.59	0.6	0.94	0.56	0.36	0.52	0.96	0.27		0.62	0.27	0.3	0.41	0.62	-0.05	0.01	-0.77	0.73	0.78	0.16	0.17	0.92	0.84	0.75	0.75
Non Currrent Assets Other	0.45	0.33	0.25	0.62	0.07	0.03	0.36	0.62	-0.15	0.62		-0.15	0.14	0.17	0.32	-0.4	-0.19	-0.64	0.4	0.69	-0.2	0.01	0.68	0.79	0.32	0.63
Cash And Short Term Investments	0.57	0.31	0.63	0.39	0.59	0.45	0.02	0.45	1.0	0.27	-0.15		0.17	0.4	0.36	-0.11	0.49	-0.15	0.39	0.08	0.81	-0.2	0.01	-0.03	0.59	0.25
Net Receivables	0.21	-0.48	0.0	0.27	0.78	0.62	-0.56	0.33	0.16	0.3	0.14	0.17		0.68	-0.42	-0.14	-0.39	0.25	-0.3	0.29	-0.08	0.26	0.06	0.36	0.62	0.09
Common Stock Shares Outstanding	0.46	-0.2	0.13	0.49	0.73	0.77	-0.39	0.51	0.39	0.41	0.17	0.4	0.68		-0.17	0.03	-0.01	0.11	-0.03	0.48	0.27	0.37	0.09	0.45	0.83	-0.03
Non Current Liabilities Total	0.75	0.99	0.72	0.64	0.03	-0.12	0.94	0.63	0.37	0.62	0.32	0.36	-0.42	-0.17		-0.04	0.59	-0.86	0.99	0.34	0.53	-0.2	0.65	0.35	0.27	0.69
Inventory	-0.06	-0.04	-0.08	-0.03	-0.06	0.0	-0.01	-0.1	-0.11	-0.05	-0.4	-0.11	-0.14	0.03	-0.04		-0.02	0.07	-0.04	-0.03	-0.04	0.11	-0.05	0.02	-0.04	-0.09
Other Current Assets	0.4	0.59	0.5	0.22	0.07	0.13	0.45	0.14	0.5	0.01	-0.19	0.49	-0.39	-0.01	0.59	-0.02		-0.21	0.55	-0.01	0.9	-0.06	-0.11	-0.15	0.16	0.14
Other Stockholder Equity	-0.73	-0.87	-0.55	-0.76	-0.03	0.11	-0.87	-0.76	-0.16	-0.77	-0.64	-0.15	0.25	0.11	-0.86	0.07	-0.21		-0.9	-0.61	-0.18	0.15	-0.84	-0.67	-0.34	-0.86
Total Liab	0.84	0.97	0.76	0.76	0.15	-0.01	0.9	0.74	0.39	0.73	0.4	0.39	-0.3	-0.03	0.99	-0.04	0.55	-0.9		0.47	0.52	-0.13	0.73	0.48	0.41	0.75
Property Plant And Equipment Gross	0.69	0.36	0.27	0.83	0.47	0.51	0.29	0.8	0.08	0.78	0.69	0.08	0.29	0.48	0.34	-0.03	-0.01	-0.61	0.47		0.07	0.35	0.7	0.92	0.7	0.58
Total Current Assets	0.57	0.5	0.64	0.36	0.41	0.38	0.26	0.34	0.81	0.16	-0.2	0.81	-0.08	0.27	0.53	-0.04	0.9	-0.18	0.52	0.07		-0.09	-0.07	-0.07	0.46	0.22
Short Term Debt	0.1	-0.17	-0.23	0.18	0.34	0.58	-0.18	0.09	-0.2	0.17	0.01	-0.2	0.26	0.37	-0.2	0.11	-0.06	0.15	-0.13	0.35	-0.09		0.08	0.27	0.3	-0.14
Intangible Assets	0.74	0.65	0.51	0.8	0.27	0.08	0.67	0.81	0.02	0.92	0.68	0.01	0.06	0.09	0.65	-0.05	-0.11	-0.84	0.73	0.7	-0.07	0.08		0.78	0.46	0.73
Accounts Payable	0.68	0.34	0.32	0.86	0.4	0.33	0.33	0.84	-0.03	0.84	0.79	-0.03	0.36	0.45	0.35	0.02	-0.15	-0.67	0.48	0.92	-0.07	0.27	0.78		0.65	0.69
Common Stock	0.82	0.23	0.44	0.8	0.89	0.81	0.02	0.84	0.59	0.75	0.32	0.59	0.62	0.83	0.27	-0.04	0.16	-0.34	0.41	0.7	0.46	0.3	0.46	0.65		0.46
Common Stock Total Equity	0.72	0.67	0.58	0.78	0.29	0.07	0.64	0.77	0.25	0.75	0.63	0.25	0.09	-0.03	0.69	-0.09	0.14	-0.86	0.75	0.58	0.22	-0.14	0.73	0.69	0.46

Click cells to compare fundamentals

Adtalem Global Account Relationship Matchups

Adtalem Global fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.2B	3.1B	3.0B	2.8B	2.7B	2.9B
Short Long Term Debt Total	516.8M	1.3B	1.1B	896.2M	847.9M	890.2M
Other Current Liab	153.3M	309.4M	264.9M	188.3M	202.4M	212.6M
Total Current Liabilities	346.0M	408.8M	417.5M	431.2M	487.7M	512.0M
Total Stockholder Equity	1.3B	1.3B	1.5B	1.5B	1.4B	829.3M
Property Plant And Equipment Net	461.0M	466.2M	467.9M	433.2M	425.3M	320.1M
Net Debt	16.3M	799.3M	719.8M	622.5M	628.5M	660.0M
Retained Earnings	1.9B	2.0B	2.3B	2.4B	2.5B	2.7B
Cash	500.5M	494.6M	347.0M	273.7M	219.3M	195.1M
Non Current Assets Total	1.5B	1.5B	2.5B	2.3B	2.3B	2.4B
Non Currrent Assets Other	22.8M	17.8M	50.4M	41.5M	111.0M	116.6M
Cash And Short Term Investments	509.5M	494.6M	347.0M	273.7M	219.3M	199.5M
Net Receivables	87.0M	43.0M	81.6M	102.7M	126.8M	72.1M
Common Stock Shares Outstanding	54.1M	51.6M	48.4M	45.6M	40.3M	67.6M
Liabilities And Stockholders Equity	2.2B	3.1B	3.0B	2.8B	2.7B	2.9B
Non Current Liabilities Total	569.4M	1.3B	1.1B	922.0M	884.6M	928.9M
Other Current Assets	96.2M	995.5M	128.5M	105.4M	71.9M	80.9M
Other Stockholder Equity	(608.9M)	(697.5M)	(817.6M)	(945.0M)	(1.2B)	(1.1B)
Total Liab	915.4M	1.8B	1.5B	1.4B	1.4B	1.4B
Property Plant And Equipment Gross	461.0M	466.2M	467.9M	772.0M	751.6M	789.1M
Total Current Assets	692.8M	1.5B	556.0M	478.5M	418.1M	354.2M
Accumulated Other Comprehensive Income	(9.1M)	(7.4M)	(960K)	(2.2M)	(2.0M)	(2.1M)
Short Term Debt	54.6M	57.0M	101.6M	75.3M	62.9M	65.2M
Intangible Assets	287.5M	276.2M	873.6M	812.3M	776.7M	815.5M
Accounts Payable	46.5M	42.4M	57.1M	81.8M	102.6M	107.8M
Common Stock	807K	811K	818K	822K	832K	873.6K
Common Stock Total Equity	807K	811K	818K	822K	945.3K	820.7K
Short Term Investments	9.0M	20.6M	17.8M	12.5M	13.2M	10.6M
Other Liab	107.3M	106.6M	90.6M	63.5M	73.0M	76.0M
Other Assets	101.2M	110.1M	170.4M	125.2M	144.0M	151.2M
Property Plant Equipment	461.0M	466.2M	289.9M	258.5M	297.3M	407.6M
Current Deferred Revenue	91.6M	100.7M	144.8M	153.9M	185.3M	194.5M
Good Will	874.5M	686.2M	686.4M	961.3M	1.1B	614.7M
Long Term Debt	286.1M	1.1B	838.9M	695.1M	648.7M	681.1M
Treasury Stock	(711.4M)	(970.9M)	(1.1B)	(1.2B)	(1.1B)	(1.0B)
Net Tangible Assets	336.7M	338.4M	(329.8M)	(316.3M)	(284.6M)	(270.4M)
Noncontrolling Interest In Consolidated Entity	9.1M	9.5M	2.9M	1.8M	1.6M	1.5M
Retained Earnings Total Equity	1.9B	2.0B	2.3B	2.4B	2.8B	2.0B
Capital Surpluse	504.4M	519.8M	521.8M	568.8M	654.1M	450.8M

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.

V	Visa Class A
GOOG	Alphabet Inc Class C
GOOG	Alphabet Inc Class C

When determining whether Adtalem Global Education is a strong investment it is important to analyze Adtalem Global's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Adtalem Global's future performance. For an informed investment choice regarding Adtalem Stock, refer to the following important reports:

How To Invest In Adtalem

Details

Is Adtalem Stock a good investment?

Details

What is Adtalem Global's Net Worth?

Details

Largest Diversified Consumer Services Companies

View

Largest Education & Training Services Companies

View

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adtalem Global Education. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Is Diversified Consumer Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Adtalem Global. If investors know Adtalem will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Adtalem Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

3.733

Earnings Share

4.32

Revenue Per Share

42.428

Quarterly Revenue Growth

0.132

Return On Assets

0.0731

The market value of Adtalem Global Education is measured differently than its book value, which is the value of Adtalem that is recorded on the company's balance sheet. Investors also form their own opinion of Adtalem Global's value that differs from its market value or its book value, called intrinsic value, which is Adtalem Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Adtalem Global's market value can be influenced by many factors that don't directly affect Adtalem Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Adtalem Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Adtalem Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Adtalem Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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

Adtalem Income Tax Expense vs Tax Provision Analysis

Income Tax Expense vs Tax Provision

Income Tax Expense vs Tax Provision Correlation Analysis

Correlation Coefficient

Income Tax Expense

Tax Provision

Adtalem Global fundamental ratios Correlations

Adtalem Global Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Adtalem Global fundamental ratios Accounts

Also Currently Popular

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Non Current Liabilities Total
Total Liab	+ 0.97	Short Long Term Debt Total
Retained Earnings	+ 0.97	Total Current Liabilities
Non Current Assets Total	+ 0.96	Retained Earnings

Total Liab	- 0.9	Other Stockholder Equity
Other Stockholder Equity	- 0.87	Net Debt
Other Stockholder Equity	- 0.87	Short Long Term Debt Total
Common Stock Total Equity	- 0.86	Other Stockholder Equity
Other Stockholder Equity	- 0.86	Non Current Liabilities Total
Intangible Assets	- 0.84	Other Stockholder Equity