Aveanna Tax Provision vs Net Income Analysis
| AVAH Stock | USD 5.81 0.23 4.12% |
Aveanna Healthcare financial indicator trend analysis is way more than just evaluating Aveanna Healthcare prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aveanna Healthcare is a good investment. Please check the relationship between Aveanna Healthcare Tax Provision and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aveanna Healthcare 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 nation.
Tax Provision vs Net Income
Tax Provision vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aveanna Healthcare Tax Provision account and Net Income. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Aveanna Healthcare's Tax Provision and Net Income is -0.02. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Net Income in the same time period over historical financial statements of Aveanna Healthcare Holdings, assuming nothing else is changed. The correlation between historical values of Aveanna Healthcare's Tax Provision and Net Income 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 Aveanna Healthcare Holdings are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Tax Provision i.e., Aveanna Healthcare's Tax Provision and Net Income go up and down completely randomly.
Correlation Coefficient | -0.02 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
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.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Aveanna Healthcare financial statement analysis. It represents the amount of money remaining after all of Aveanna Healthcare Holdings operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Aveanna Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aveanna Healthcare 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 Aveanna Healthcare 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 nation. The current Tax Provision is estimated to decrease to about 21.9 K. The current Selling General Administrative is estimated to decrease to about 435 M
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 35.4M | 38.8M | 30.1M | 32.9M | Interest Income | 253K | 679K | 548K | 481.4K |
Aveanna Healthcare fundamental ratios Correlations
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Aveanna Healthcare Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aveanna Healthcare fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Other Current Liab | 3.4M | 207.4M | 136.9M | 106.6M | 141.6M | 123.6M | |
| Total Current Liabilities | 168.5M | 260.4M | 344.8M | 326.5M | 354.8M | 303.1M | |
| Other Liab | 54.4M | 82.6M | 64.3M | 62.5M | 71.9M | 69.7M | |
| Net Tangible Assets | (1.0B) | (1.1B) | (1.3B) | (1.3B) | (1.1B) | (1.2B) | |
| Retained Earnings | (400.6M) | (457.6M) | (574.7M) | (1.2B) | (1.4B) | (1.3B) | |
| Accounts Payable | 66.4M | 19.6M | 52.6M | 44.6M | 30.1M | 33.5M | |
| Other Assets | 31.3M | 34.5M | 33.4M | 27.4M | 24.6M | 25.0M | |
| Net Receivables | 164.3M | 180.9M | 225.3M | 225.6M | 245.8M | 226.0M | |
| Other Current Assets | 8.6M | 22.4M | 23.4M | 24.9M | 25.1M | 20.4M | |
| Total Current Assets | 186.3M | 340.6M | 279.2M | 269.8M | 314.9M | 294.4M | |
| Common Stock | 1.4M | 1.4M | 1.8M | 1.9M | 1.9M | 1.6M | |
| Property Plant Equipment | 80.5M | 78.9M | 31.4M | 22.8M | 20.5M | 38.5M |
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When determining whether Aveanna Healthcare offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Aveanna Healthcare's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Aveanna Healthcare Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Aveanna Healthcare Holdings Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aveanna Healthcare 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 nation. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Is Health Care Equipment & Supplies 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 Aveanna Healthcare. If investors know Aveanna 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 Aveanna Healthcare 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 (0.46) | Earnings Share (0.35) | Revenue Per Share 10.315 | Quarterly Revenue Growth 0.065 | Return On Assets 0.0488 |
The market value of Aveanna Healthcare is measured differently than its book value, which is the value of Aveanna that is recorded on the company's balance sheet. Investors also form their own opinion of Aveanna Healthcare's value that differs from its market value or its book value, called intrinsic value, which is Aveanna Healthcare'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 Aveanna Healthcare's market value can be influenced by many factors that don't directly affect Aveanna Healthcare'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 Aveanna Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aveanna Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aveanna Healthcare'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.