CAR Tax Provision vs Total Other Income Expense Net Analysis

CAR Stock

40.76 0.13 0.32%

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

Tax Provision vs Total Other Income Expense Net

Tax Provision vs Total Other Income Expense Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CAR Group Tax Provision account and Total Other Income Expense Net. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between CAR's Tax Provision and Total Other Income Expense Net is -0.25. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Total Other Income Expense Net in the same time period over historical financial statements of CAR Group, assuming nothing else is changed. The correlation between historical values of CAR's Tax Provision and Total Other Income Expense Net 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 CAR Group are associated (or correlated) with its Total Other Income Expense Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Other Income Expense Net has no effect on the direction of Tax Provision i.e., CAR's Tax Provision and Total Other Income Expense Net go up and down completely randomly.

Correlation Coefficient

-0.25

Relationship Direction	Negative
Relationship Strength	Insignificant

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.

Total Other Income Expense Net

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

Selling General Administrative is likely to gain to about 187.3 M in 2025, whereas Tax Provision is likely to drop slightly above 62.5 M in 2025.

	2022	2023	2024	2025 (projected)
Gross Profit	550.9M	924.6M	1.1B	1.2B
Total Revenue	781.2M	1.1B	1.2B	1.2B

Gross Profit Total Revenue

CAR 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	Short Long Term Debt Total	Property Plant And Equipment Net	Net Debt
Total Assets		0.94	0.76	0.99	0.56	0.99	0.81	0.84	0.94	0.97	0.97	-0.03	-0.27	0.44	-0.36	0.98	-0.46	-0.28	-0.34	0.91	0.0	0.99	0.19	0.97	0.68	0.94
Other Current Liab	0.94		0.78	0.92	0.52	0.93	0.76	0.79	0.96	0.95	0.99	-0.13	-0.35	0.4	-0.09	0.95	-0.57	-0.31	-0.25	0.87	0.03	0.92	0.05	0.94	0.58	0.91
Total Current Liabilities	0.76	0.78		0.73	0.76	0.8	0.78	0.65	0.76	0.71	0.81	-0.15	-0.31	0.35	-0.11	0.79	-0.49	-0.29	0.04	0.72	0.58	0.72	-0.04	0.78	0.45	0.77
Total Stockholder Equity	0.99	0.92	0.73		0.53	0.98	0.8	0.84	0.9	0.94	0.95	-0.03	-0.23	0.43	-0.38	0.95	-0.44	-0.29	-0.34	0.9	-0.02	1.0	0.2	0.93	0.66	0.9
Other Liab	0.56	0.52	0.76	0.53		0.58	0.47	0.69	0.55	0.48	0.55	0.06	-0.37	0.72	-0.18	0.59	-0.27	-0.19	-0.27	0.7	0.42	0.52	0.32	0.58	0.73	0.52
Retained Earnings	0.99	0.93	0.8	0.98	0.58		0.82	0.84	0.92	0.96	0.96	-0.12	-0.33	0.47	-0.37	0.98	-0.5	-0.32	-0.33	0.91	0.05	0.98	0.13	0.97	0.68	0.94
Accounts Payable	0.81	0.76	0.78	0.8	0.47	0.82		0.59	0.74	0.74	0.8	-0.02	-0.16	0.23	-0.15	0.8	-0.25	-0.34	-0.19	0.67	0.25	0.79	0.13	0.78	0.31	0.78
Cash	0.84	0.79	0.65	0.84	0.69	0.84	0.59		0.77	0.78	0.83	-0.12	-0.45	0.64	-0.14	0.82	-0.48	-0.31	-0.47	0.99	-0.09	0.85	0.22	0.8	0.81	0.69
Other Assets	0.94	0.96	0.76	0.9	0.55	0.92	0.74	0.77		0.98	0.95	0.06	-0.25	0.39	-0.17	0.98	-0.45	-0.22	-0.33	0.85	0.04	0.9	0.21	0.97	0.65	0.96
Long Term Debt	0.97	0.95	0.71	0.94	0.48	0.96	0.74	0.78	0.98		0.95	-0.01	-0.29	0.39	-0.32	0.99	-0.5	-0.21	-0.36	0.86	-0.05	0.94	0.16	0.99	0.68	0.98
Net Receivables	0.97	0.99	0.81	0.95	0.55	0.96	0.8	0.83	0.95	0.95		-0.11	-0.37	0.41	-0.15	0.96	-0.6	-0.25	-0.27	0.9	0.04	0.95	0.03	0.96	0.61	0.92
Short Term Investments	-0.03	-0.13	-0.15	-0.03	0.06	-0.12	-0.02	-0.12	0.06	-0.01	-0.11		0.6	-0.06	-0.16	-0.02	0.56	0.53	-0.24	-0.11	-0.06	-0.03	0.66	-0.02	0.09	0.01
Inventory	-0.27	-0.35	-0.31	-0.23	-0.37	-0.33	-0.16	-0.45	-0.25	-0.29	-0.37	0.6		-0.4	-0.05	-0.33	0.79	0.09	0.28	-0.44	0.21	-0.22	0.45	-0.34	-0.46	-0.3
Other Current Assets	0.44	0.4	0.35	0.43	0.72	0.47	0.23	0.64	0.39	0.39	0.41	-0.06	-0.4		-0.17	0.45	-0.23	-0.14	-0.52	0.64	-0.11	0.43	0.29	0.44	0.77	0.36
Other Stockholder Equity	-0.36	-0.09	-0.11	-0.38	-0.18	-0.37	-0.15	-0.14	-0.17	-0.32	-0.15	-0.16	-0.05	-0.17		-0.31	0.01	-0.11	0.23	-0.17	0.06	-0.36	-0.25	-0.33	-0.47	-0.36
Total Liab	0.98	0.95	0.79	0.95	0.59	0.98	0.8	0.82	0.98	0.99	0.96	-0.02	-0.33	0.45	-0.31		-0.49	-0.25	-0.35	0.89	0.04	0.94	0.18	1.0	0.71	0.98
Deferred Long Term Liab	-0.46	-0.57	-0.49	-0.44	-0.27	-0.5	-0.25	-0.48	-0.45	-0.5	-0.6	0.56	0.79	-0.23	0.01	-0.49		-0.07	0.01	-0.5	0.06	-0.44	0.67	-0.51	-0.39	-0.48
Long Term Investments	-0.28	-0.31	-0.29	-0.29	-0.19	-0.32	-0.34	-0.31	-0.22	-0.21	-0.25	0.53	0.09	-0.14	-0.11	-0.25	-0.07		-0.03	-0.31	-0.24	-0.29	-0.19	-0.22	-0.02	-0.18
Short Long Term Debt	-0.34	-0.25	0.04	-0.34	-0.27	-0.33	-0.19	-0.47	-0.33	-0.36	-0.27	-0.24	0.28	-0.52	0.23	-0.35	0.01	-0.03		-0.46	0.56	-0.34	-0.47	-0.34	-0.63	-0.3
Total Current Assets	0.91	0.87	0.72	0.9	0.7	0.91	0.67	0.99	0.85	0.86	0.9	-0.11	-0.44	0.64	-0.17	0.89	-0.5	-0.31	-0.46		-0.05	0.91	0.22	0.88	0.81	0.79
Short Term Debt	0.0	0.03	0.58	-0.02	0.42	0.05	0.25	-0.09	0.04	-0.05	0.04	-0.06	0.21	-0.11	0.06	0.04	0.06	-0.24	0.56	-0.05		-0.03	-0.06	0.04	-0.2	0.06
Common Stock	0.99	0.92	0.72	1.0	0.52	0.98	0.79	0.85	0.9	0.94	0.95	-0.03	-0.22	0.43	-0.36	0.94	-0.44	-0.29	-0.34	0.91	-0.03		0.2	0.93	0.66	0.89
Property Plant Equipment	0.19	0.05	-0.04	0.2	0.32	0.13	0.13	0.22	0.21	0.16	0.03	0.66	0.45	0.29	-0.25	0.18	0.67	-0.19	-0.47	0.22	-0.06	0.2		0.16	0.36	0.14
Short Long Term Debt Total	0.97	0.94	0.78	0.93	0.58	0.97	0.78	0.8	0.97	0.99	0.96	-0.02	-0.34	0.44	-0.33	1.0	-0.51	-0.22	-0.34	0.88	0.04	0.93	0.16		0.71	0.99
Property Plant And Equipment Net	0.68	0.58	0.45	0.66	0.73	0.68	0.31	0.81	0.65	0.68	0.61	0.09	-0.46	0.77	-0.47	0.71	-0.39	-0.02	-0.63	0.81	-0.2	0.66	0.36	0.71		0.65
Net Debt	0.94	0.91	0.77	0.9	0.52	0.94	0.78	0.69	0.96	0.98	0.92	0.01	-0.3	0.36	-0.36	0.98	-0.48	-0.18	-0.3	0.79	0.06	0.89	0.14	0.99	0.65

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CAR Account Relationship Matchups

CAR fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.2B	1.9B	4.7B	4.7B	4.9B	5.1B
Other Current Liab	27.6M	48.8M	96.3M	141.2M	173.5M	182.1M
Total Current Liabilities	98.1M	119.2M	192.8M	255.8M	268.8M	282.2M
Total Stockholder Equity	938.7M	1.0B	3.1B	2.9B	3.0B	3.1B
Other Liab	31.4M	16.9M	37.0M	26.0M	30.0M	31.4M
Retained Earnings	204.8M	243.5M	700.7M	691.8M	676.3M	710.2M
Accounts Payable	8.4M	11.0M	23.8M	30.7M	27.6M	29.0M
Cash	284.0M	117.5M	198.7M	308.3M	289.3M	303.8M
Other Assets	1.0	31.2M	39.3M	57.1M	65.6M	68.9M
Long Term Debt	43.2M	649.6M	1.1B	1.3B	1.3B	1.4B
Net Receivables	42.7M	65.4M	105.3M	146.4M	161.6M	169.7M
Other Current Assets	48.7M	25.2M	30.1M	45.8M	27.2M	14.4M
Other Stockholder Equity	(1.0)	(1.0B)	(3.2B)	106.0M	95.4M	100.2M
Total Liab	223.1M	847.7M	1.6B	1.7B	1.8B	1.9B
Long Term Investments	105.5M	954.5M	25.4M	22.7M	25.7M	24.4M
Short Long Term Debt	35K	113K	26.1M	35.5M	36.9M	49.6M
Total Current Assets	375.4M	211.3M	351.3M	503.6M	478.4M	502.3M
Short Term Debt	6.7M	8.2M	37.3M	46.1M	48.3M	30.3M
Common Stock	755.4M	770.0M	2.5B	2.5B	2.5B	2.6B
Property Plant Equipment	67.8M	71.1M	79.9M	58.6M	52.7M	42.4M
Short Long Term Debt Total	106.6M	714.2M	1.2B	1.3B	1.4B	1.5B
Property Plant And Equipment Net	67.8M	71.1M	79.9M	58.6M	59.3M	62.3M
Net Debt	(177.4M)	596.7M	1.0B	1.0B	1.1B	1.2B
Non Current Assets Total	788.2M	1.6B	4.3B	4.2B	4.4B	4.6B
Non Currrent Assets Other	(480.0M)	(483.9M)	(3.1B)	19.6M	31.7M	33.2M
Cash And Short Term Investments	284.0M	117.5M	198.7M	308.3M	289.3M	303.8M
Good Will	480.0M	483.9M	3.1B	3.1B	3.3B	3.4B
Common Stock Shares Outstanding	258.1M	285.2M	356.5M	377.7M	378.3M	290.8M
Liabilities And Stockholders Equity	1.2B	1.9B	4.7B	4.7B	4.9B	5.1B
Non Current Liabilities Total	125.0M	728.5M	1.4B	1.5B	1.6B	1.6B
Accumulated Other Comprehensive Income	(21.4M)	(1.9M)	(83.5M)	(270.9M)	(175.5M)	(166.8M)
Intangible Assets	597.7M	603.3M	4.2B	974.7M	980.3M	1.0B
Property Plant And Equipment Gross	131.2M	144.9M	175.9M	166.7M	185.3M	194.6M
Current Deferred Revenue	11.4M	11.0M	14.8M	17.9M	19.4M	9.8M
Net Tangible Assets	(291.6M)	(288.4M)	341.0M	408.2M	469.5M	492.9M

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