CAR Cost Of Revenue vs Tax Provision Analysis

CAR Stock

41.50 0.49 1.17%

CAR GROUP financial indicator trend analysis is way more than just evaluating CAR GROUP LIMITED prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CAR GROUP LIMITED is a good investment. Please check the relationship between CAR GROUP Cost Of Revenue and its Tax Provision accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CAR GROUP LIMITED. 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.

Cost Of Revenue vs Tax Provision

Cost Of Revenue vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CAR GROUP LIMITED Cost Of Revenue account and Tax Provision. At this time, the significance of the direction appears to have very strong relationship.

The correlation between CAR GROUP's Cost Of Revenue and Tax Provision is 0.8. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Tax Provision in the same time period over historical financial statements of CAR GROUP LIMITED, assuming nothing else is changed. The correlation between historical values of CAR GROUP's Cost Of Revenue 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 Cost Of Revenue of CAR GROUP LIMITED 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 Cost Of Revenue i.e., CAR GROUP's Cost Of Revenue and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.8

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Cost Of Revenue

Cost of Revenue is found on CAR GROUP LIMITED income statement and represents the costs associated with goods and services CAR GROUP provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

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 CAR GROUP's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CAR GROUP LIMITED 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 CAR GROUP LIMITED. 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 178.1 M in 2024, whereas Tax Provision is likely to drop slightly above 59.9 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	377.5M	550.9M	769.8M	808.3M
Total Revenue	509.1M	781.2M	1.1B	1.2B

Gross Profit Total Revenue

CAR GROUP fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Intangible Assets	Good Will	Short Long Term Debt Total
Total Assets		0.9	0.71	0.99	0.55	0.99	0.79	0.82	0.9	0.96	0.96	0.0	0.0	0.65	-0.47	0.97	-0.49	-0.23	-0.33	0.89	-0.01	0.99	0.24	0.74	0.99	0.96
Other Current Liab	0.9		0.76	0.85	0.6	0.92	0.79	0.76	0.89	0.91	0.94	-0.12	-0.21	0.72	-0.22	0.94	-0.57	-0.27	-0.33	0.84	0.02	0.85	0.13	0.51	0.89	0.93
Total Current Liabilities	0.71	0.76		0.67	0.76	0.75	0.75	0.59	0.68	0.65	0.77	-0.14	-0.1	0.51	-0.18	0.75	-0.51	-0.24	0.1	0.66	0.63	0.66	-0.03	0.4	0.71	0.74
Total Stockholder Equity	0.99	0.85	0.67		0.52	0.98	0.77	0.82	0.85	0.92	0.94	0.0	0.03	0.63	-0.48	0.93	-0.47	-0.24	-0.32	0.88	-0.03	1.0	0.24	0.76	0.98	0.92
Other Liab	0.55	0.6	0.76	0.52		0.58	0.46	0.69	0.57	0.47	0.56	0.07	-0.25	0.8	-0.2	0.6	-0.27	-0.17	-0.26	0.71	0.41	0.51	0.33	0.36	0.52	0.58
Retained Earnings	0.99	0.92	0.75	0.98	0.58		0.81	0.82	0.89	0.95	0.97	-0.1	-0.09	0.66	-0.45	0.97	-0.55	-0.28	-0.31	0.89	0.04	0.97	0.16	0.74	0.99	0.96
Accounts Payable	0.79	0.79	0.75	0.77	0.46	0.81		0.55	0.66	0.71	0.79	0.0	0.07	0.42	-0.18	0.78	-0.31	-0.31	-0.16	0.64	0.25	0.77	0.15	0.45	0.8	0.76
Cash	0.82	0.76	0.59	0.82	0.69	0.82	0.55		0.69	0.75	0.83	-0.11	-0.24	0.8	-0.19	0.79	-0.53	-0.27	-0.46	0.99	-0.1	0.83	0.25	0.51	0.79	0.77
Other Assets	0.9	0.89	0.68	0.85	0.57	0.89	0.66	0.69		0.97	0.9	0.15	0.02	0.64	-0.41	0.97	-0.43	-0.09	-0.35	0.79	0.03	0.85	0.3	0.6	0.88	0.97
Long Term Debt	0.96	0.91	0.65	0.92	0.47	0.95	0.71	0.75	0.97		0.95	0.02	-0.02	0.6	-0.43	0.98	-0.53	-0.15	-0.35	0.83	-0.07	0.92	0.2	0.67	0.94	0.99
Net Receivables	0.96	0.94	0.77	0.94	0.56	0.97	0.79	0.83	0.9	0.95		-0.11	-0.11	0.67	-0.27	0.96	-0.66	-0.19	-0.27	0.9	0.03	0.94	0.05	0.56	0.95	0.96
Short Term Investments	0.0	-0.12	-0.14	0.0	0.07	-0.1	0.0	-0.11	0.15	0.02	-0.11		0.6	-0.05	-0.15	0.01	0.56	0.53	-0.25	-0.09	-0.05	0.0	0.66	-0.02	-0.09	0.01
Inventory	0.0	-0.21	-0.1	0.03	-0.25	-0.09	0.07	-0.24	0.02	-0.02	-0.11	0.6		-0.36	0.02	-0.08	0.61	-0.02	0.25	-0.21	0.23	0.05	0.48	-0.03	0.03	-0.09
Other Current Assets	0.65	0.72	0.51	0.63	0.8	0.66	0.42	0.8	0.64	0.6	0.67	-0.05	-0.36		-0.13	0.67	-0.42	-0.2	-0.53	0.83	-0.13	0.63	0.3	0.36	0.61	0.65
Other Stockholder Equity	-0.47	-0.22	-0.18	-0.48	-0.2	-0.45	-0.18	-0.19	-0.41	-0.43	-0.27	-0.15	0.02	-0.13		-0.42	0.01	-0.09	0.24	-0.23	0.05	-0.45	-0.24	-0.91	-0.45	-0.44
Total Liab	0.97	0.94	0.75	0.93	0.6	0.97	0.78	0.79	0.97	0.98	0.96	0.01	-0.08	0.67	-0.42		-0.53	-0.19	-0.34	0.87	0.03	0.93	0.22	0.67	0.95	1.0
Deferred Long Term Liab	-0.49	-0.57	-0.51	-0.47	-0.27	-0.55	-0.31	-0.53	-0.43	-0.53	-0.66	0.56	0.61	-0.42	0.01	-0.53		-0.08	0.01	-0.56	0.06	-0.47	0.63	-0.18	-0.47	-0.54
Long Term Investments	-0.23	-0.27	-0.24	-0.24	-0.17	-0.28	-0.31	-0.27	-0.09	-0.15	-0.19	0.53	-0.02	-0.2	-0.09	-0.19	-0.08		-0.06	-0.27	-0.23	-0.24	-0.2	-0.21	-0.36	-0.16
Short Long Term Debt	-0.33	-0.33	0.1	-0.32	-0.26	-0.31	-0.16	-0.46	-0.35	-0.35	-0.27	-0.25	0.25	-0.53	0.24	-0.34	0.01	-0.06		-0.45	0.57	-0.32	-0.48	-0.3	-0.27	-0.33
Total Current Assets	0.89	0.84	0.66	0.88	0.71	0.89	0.64	0.99	0.79	0.83	0.9	-0.09	-0.21	0.83	-0.23	0.87	-0.56	-0.27	-0.45		-0.07	0.89	0.25	0.55	0.87	0.85
Short Term Debt	-0.01	0.02	0.63	-0.03	0.41	0.04	0.25	-0.1	0.03	-0.07	0.03	-0.05	0.23	-0.13	0.05	0.03	0.06	-0.23	0.57	-0.07		-0.04	-0.06	-0.04	0.04	0.03
Common Stock	0.99	0.85	0.66	1.0	0.51	0.97	0.77	0.83	0.85	0.92	0.94	0.0	0.05	0.63	-0.45	0.93	-0.47	-0.24	-0.32	0.89	-0.04		0.24	0.74	0.98	0.91
Property Plant Equipment	0.24	0.13	-0.03	0.24	0.33	0.16	0.15	0.25	0.3	0.2	0.05	0.66	0.48	0.3	-0.24	0.22	0.63	-0.2	-0.48	0.25	-0.06	0.24		0.28	0.22	0.2
Intangible Assets	0.74	0.51	0.4	0.76	0.36	0.74	0.45	0.51	0.6	0.67	0.56	-0.02	-0.03	0.36	-0.91	0.67	-0.18	-0.21	-0.3	0.55	-0.04	0.74	0.28		0.74	0.67
Good Will	0.99	0.89	0.71	0.98	0.52	0.99	0.8	0.79	0.88	0.94	0.95	-0.09	0.03	0.61	-0.45	0.95	-0.47	-0.36	-0.27	0.87	0.04	0.98	0.22	0.74		0.94
Short Long Term Debt Total	0.96	0.93	0.74	0.92	0.58	0.96	0.76	0.77	0.97	0.99	0.96	0.01	-0.09	0.65	-0.44	1.0	-0.54	-0.16	-0.33	0.85	0.03	0.91	0.2	0.67	0.94

Click cells to compare fundamentals

CAR GROUP Account Relationship Matchups

CAR GROUP fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	997.6M	1.2B	1.9B	4.7B	4.7B	4.9B
Other Current Liab	51.2M	27.6M	48.8M	96.3M	141.2M	148.3M
Total Current Liabilities	75.1M	98.1M	119.2M	192.8M	255.8M	268.6M
Total Stockholder Equity	290.8M	938.7M	1.0B	3.1B	2.9B	3.0B
Other Liab	31.4M	16.9M	37.0M	26.0M	30.0M	31.4M
Retained Earnings	197.2M	204.8M	243.5M	700.7M	691.8M	726.4M
Accounts Payable	6.0M	8.4M	11.0M	23.8M	30.7M	32.3M
Cash	179.9M	284.0M	117.5M	198.7M	308.3M	323.7M
Other Assets	22.8M	1.0	31.2M	39.3M	45.2M	47.5M
Long Term Debt	544.1M	43.2M	649.6M	1.1B	1.3B	1.3B
Net Receivables	48.0M	42.7M	65.4M	105.3M	146.4M	153.8M
Other Current Assets	13.0M	48.7M	25.2M	30.1M	45.8M	48.1M
Other Stockholder Equity	(347.1M)	(1.0)	(1.0B)	(3.2B)	106.0M	111.3M
Total Liab	706.0M	223.1M	847.7M	1.6B	1.7B	1.8B
Long Term Investments	91.9M	105.5M	954.5M	25.4M	22.7M	21.6M
Short Long Term Debt	174K	35K	113K	26.1M	35.5M	51.0M
Total Current Assets	240.9M	375.4M	211.3M	351.3M	503.6M	528.8M
Short Term Debt	6.8M	6.7M	8.2M	37.3M	46.1M	33.5M
Common Stock	149.8M	755.4M	770.0M	2.5B	2.5B	2.6B
Property Plant Equipment	65.3M	67.8M	71.1M	79.9M	71.9M	42.2M
Intangible Assets	583.2M	597.7M	603.3M	4.2B	974.7M	1.0B
Good Will	477.6M	480.0M	483.9M	3.1B	3.1B	3.2B
Short Long Term Debt Total	605.2M	106.6M	714.2M	1.2B	1.3B	1.4B
Property Plant And Equipment Net	66.7M	67.8M	71.1M	79.9M	58.6M	32.1M
Net Debt	425.3M	(177.4M)	596.7M	1.0B	1.0B	1.1B
Non Current Assets Total	756.7M	788.2M	1.6B	4.3B	4.2B	4.4B
Non Currrent Assets Other	(477.6M)	(480.0M)	(483.9M)	(3.1B)	19.6M	20.6M
Cash And Short Term Investments	179.9M	284.0M	117.5M	198.7M	308.3M	323.7M
Common Stock Shares Outstanding	258.9M	258.1M	285.2M	356.5M	377.7M	290.3M
Liabilities And Stockholders Equity	997.6M	1.2B	1.9B	4.7B	4.7B	4.9B
Non Current Liabilities Total	631.0M	125.0M	728.5M	1.4B	1.5B	1.6B
Property Plant And Equipment Gross	65.3M	131.2M	144.9M	175.9M	166.7M	175.0M
Current Deferred Revenue	11.1M	11.4M	11.0M	14.8M	17.9M	9.0M
Accumulated Other Comprehensive Income	(56.3M)	(21.4M)	(1.9M)	(83.5M)	(270.9M)	(257.4M)
Net Tangible Assets	(291.6M)	(288.4M)	341.0M	408.2M	469.5M	492.9M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for CAR Stock Analysis

When running CAR GROUP's price analysis, check to measure CAR GROUP's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CAR GROUP is operating at the current time. Most of CAR GROUP's value examination focuses on studying past and present price action to predict the probability of CAR GROUP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CAR GROUP's price. Additionally, you may evaluate how the addition of CAR GROUP to your portfolios can decrease your overall portfolio volatility.

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