Credit Income Tax Expense vs Non Recurring Analysis

CACC Stock  USD 494.24  11.04  2.28%   
Credit Acceptance financial indicator trend analysis is way more than just evaluating Credit Acceptance prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Credit Acceptance is a good investment. Please check the relationship between Credit Acceptance Income Tax Expense and its Non Recurring accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Credit Acceptance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
For information on how to trade Credit Stock refer to our How to Trade Credit Stock guide.

Income Tax Expense vs Non Recurring

Income Tax Expense vs Non Recurring Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Credit Acceptance Income Tax Expense account and Non Recurring. At this time, the significance of the direction appears to have weak relationship.
The correlation between Credit Acceptance's Income Tax Expense and Non Recurring is 0.35. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Non Recurring in the same time period over historical financial statements of Credit Acceptance, assuming nothing else is changed. The correlation between historical values of Credit Acceptance's Income Tax Expense and Non Recurring 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 Credit Acceptance are associated (or correlated) with its Non Recurring. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Recurring has no effect on the direction of Income Tax Expense i.e., Credit Acceptance's Income Tax Expense and Non Recurring go up and down completely randomly.

Correlation Coefficient

0.35
Relationship DirectionPositive 
Relationship StrengthVery Weak

Income Tax Expense

Non Recurring

Most indicators from Credit Acceptance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Credit Acceptance 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 Credit Acceptance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
For information on how to trade Credit Stock refer to our How to Trade Credit Stock guide.At present, Credit Acceptance's Enterprise Value is projected to increase significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Gross Profit1.4B709.4M1.9B2.0B
Total Revenue1.8B1.2B1.9B2.0B

Credit Acceptance fundamental ratios Correlations

0.960.840.930.470.430.690.36-0.760.28-0.020.990.830.480.971.00.99-0.330.80.880.390.48-0.760.18-0.760.83
0.960.861.00.280.240.580.49-0.730.40.040.920.660.640.890.930.91-0.180.630.740.510.64-0.630.09-0.630.71
0.840.860.860.10.050.680.48-0.780.51-0.160.810.70.70.80.810.79-0.290.440.60.50.7-0.610.18-0.610.6
0.931.00.860.210.170.550.52-0.710.430.060.890.60.670.850.890.87-0.140.570.680.540.67-0.590.06-0.590.66
0.470.280.10.211.00.33-0.07-0.14-0.590.290.540.64-0.540.450.520.57-0.090.870.77-0.06-0.54-0.48-0.13-0.480.57
0.430.240.050.171.00.3-0.08-0.1-0.620.310.50.6-0.580.410.480.53-0.070.850.74-0.08-0.58-0.44-0.15-0.440.54
0.690.580.680.550.330.3-0.1-0.550.19-0.20.710.750.320.710.710.71-0.460.520.59-0.090.32-0.480.25-0.480.8
0.360.490.480.52-0.07-0.08-0.1-0.160.220.130.310.130.410.280.30.30.160.10.181.00.4-0.03-0.14-0.030.19
-0.76-0.73-0.78-0.71-0.14-0.1-0.55-0.16-0.520.24-0.75-0.6-0.59-0.78-0.76-0.740.44-0.51-0.63-0.19-0.590.79-0.380.79-0.51
0.280.40.510.43-0.59-0.620.190.22-0.52-0.380.230.030.850.30.240.19-0.25-0.21-0.040.230.85-0.260.35-0.260.01
-0.020.04-0.160.060.290.31-0.20.130.24-0.38-0.05-0.18-0.31-0.23-0.05-0.030.830.02-0.080.13-0.310.1-0.870.1-0.06
0.990.920.810.890.540.50.710.31-0.750.23-0.050.880.410.981.01.0-0.380.840.920.330.41-0.790.21-0.790.85
0.830.660.70.60.640.60.750.13-0.60.03-0.180.880.160.870.870.88-0.490.830.880.140.15-0.770.27-0.770.83
0.480.640.70.67-0.54-0.580.320.41-0.590.85-0.310.410.160.480.430.38-0.23-0.110.080.431.0-0.250.31-0.250.22
0.970.890.80.850.450.410.710.28-0.780.3-0.230.980.870.480.980.97-0.550.810.90.30.48-0.780.41-0.780.85
1.00.930.810.890.520.480.710.3-0.760.24-0.051.00.870.430.981.0-0.370.830.910.320.43-0.780.21-0.780.85
0.990.910.790.870.570.530.710.3-0.740.19-0.031.00.880.380.971.0-0.370.860.930.320.38-0.790.2-0.790.86
-0.33-0.18-0.29-0.14-0.09-0.07-0.460.160.44-0.250.83-0.38-0.49-0.23-0.55-0.37-0.37-0.37-0.440.15-0.230.4-0.950.4-0.44
0.80.630.440.570.870.850.520.1-0.51-0.210.020.840.83-0.110.810.830.86-0.370.980.12-0.11-0.730.17-0.730.76
0.880.740.60.680.770.740.590.18-0.63-0.04-0.080.920.880.080.90.910.93-0.440.980.20.07-0.80.25-0.80.79
0.390.510.50.54-0.06-0.08-0.091.0-0.190.230.130.330.140.430.30.320.320.150.120.20.42-0.06-0.14-0.060.19
0.480.640.70.67-0.54-0.580.320.4-0.590.85-0.310.410.151.00.480.430.38-0.23-0.110.070.42-0.250.3-0.250.22
-0.76-0.63-0.61-0.59-0.48-0.44-0.48-0.030.79-0.260.1-0.79-0.77-0.25-0.78-0.78-0.790.4-0.73-0.8-0.06-0.25-0.271.0-0.5
0.180.090.180.06-0.13-0.150.25-0.14-0.380.35-0.870.210.270.310.410.210.2-0.950.170.25-0.140.3-0.27-0.270.25
-0.76-0.63-0.61-0.59-0.48-0.44-0.48-0.030.79-0.260.1-0.79-0.77-0.25-0.78-0.78-0.790.4-0.73-0.8-0.06-0.251.0-0.27-0.5
0.830.710.60.660.570.540.80.19-0.510.01-0.060.850.830.220.850.850.86-0.440.760.790.190.22-0.50.25-0.5
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Credit Acceptance Account Relationship Matchups

Credit Acceptance fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.4B7.5B7.1B6.9B7.6B8.0B
Total Stockholder Equity2.4B2.3B1.8B1.6B1.8B1.8B
Property Plant And Equipment Net59.7M59.4M57.3M51.4M46.5M26.4M
Retained Earnings2.2B2.1B1.6B1.4B1.5B1.5B
Non Current Assets Total94.8M91.8M109.1M108.3M7.6B8.0B
Non Currrent Assets Other(287.4M)(358.6M)(383.4M)(369.8M)7.5B7.8B
Other Assets91.7M627M462.7M466.9M420.2M313.7M
Cash And Short Term Investments187.4M16M23.3M7.7M13.2M17.7M
Common Stock Shares Outstanding19.0M17.9M16.1M13.6M13.0M25.7M
Short Term Investments59.3M66.1M62.1M72.3M6.9M6.6M
Liabilities And Stockholders Equity7.4B7.5B7.1B6.9B7.6B8.0B
Other Stockholder Equity157.7M161.9M197.2M(1.1B)279M293.0M
Total Liab5.1B5.2B5.2B5.3B5.9B6.1B
Property Plant And Equipment Gross59.7M59.4M112.6M111.9M114.3M120.0M
Total Current Assets7.3B7.4B6.9B6.8B13.2M12.5M
Short Long Term Debt Total4.6B4.6B4.6B6.1B5.1B5.3B
Net Debt4.4B4.6B4.6B4.6B5.1B5.3B
Non Current Liabilities Total4.9B5.0B5.1B5.0B5.9B6.1B
Other Current Liab(11.1M)(282.6M)(177.6M)(1.9B)(399.8M)(379.8M)
Total Current Liabilities206.6M186.9M175.2M263.3M399.8M419.8M
Accounts Payable206.4M186.7M175M260.8M318.8M334.7M
Cash187.4M16M23.3M7.7M13.2M18.0M
Net Receivables6.8B6.9B6.4B6.3B4.3M4.1M
Accumulated Other Comprehensive Income800K1.6M200K(2.9M)(1M)(950K)
Short Term Debt11.3M95.9M2.6M1.5B74.1M70.4M
Other Liab322.5M391M435.2M426.7M490.7M515.2M
Long Term Debt4.5B4.5B4.6B4.6B5.1B5.3B
Other Current Assets(583.9M)381.3M413.9M482.3M(482.1M)(458.0M)
Property Plant Equipment59.7M59.4M57.3M51.4M59.1M34.6M
Inventory973.5M990.6M1.0B946.6M1.1B1.1B
Net Tangible Assets2.4B2.3B1.8B1.6B1.9B1.5B
Retained Earnings Total Equity2.2B2.1B1.6B1.4B1.6B1.4B
Long Term Debt Total4.5B4.5B4.6B4.6B5.2B3.1B
Capital Surpluse157.7M161.9M197.2M245.7M282.6M296.7M
Deferred Long Term Liab322.5M391M435.2M426.7M490.7M515.2M
Long Term Investments6.7B6.8B6.3B6.3B7.2B4.7B
Short Long Term Debt171.9M700K95.9M2.6M2.3M2.2M
Net Invested Capital6.9B6.9B6.4B6.2B6.8B6.9B

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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.
When determining whether Credit Acceptance offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Credit Acceptance'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 Credit Acceptance Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Credit Acceptance Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Credit Acceptance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
For information on how to trade Credit Stock refer to our How to Trade Credit Stock guide.
You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Is Consumer Finance 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 Credit Acceptance. If investors know Credit 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 Credit Acceptance 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
0.169
Earnings Share
14.93
Revenue Per Share
67.945
Quarterly Revenue Growth
0.138
Return On Assets
0.0236
The market value of Credit Acceptance is measured differently than its book value, which is the value of Credit that is recorded on the company's balance sheet. Investors also form their own opinion of Credit Acceptance's value that differs from its market value or its book value, called intrinsic value, which is Credit Acceptance'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 Credit Acceptance's market value can be influenced by many factors that don't directly affect Credit Acceptance'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 Credit Acceptance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Credit Acceptance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Credit Acceptance'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.