Ceres Tax Provision vs Net Income Analysis

CWR Stock

144.70 8.20 6.01%

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

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 Ceres Power Holdings Tax Provision account and Net Income. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Ceres Power's Tax Provision and Net Income is -0.54. 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 Ceres Power Holdings, assuming nothing else is changed. The correlation between historical values of Ceres Power'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 Ceres Power 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., Ceres Power's Tax Provision and Net Income go up and down completely randomly.

Correlation Coefficient

-0.54

Relationship Direction	Negative
Relationship Strength	Very Weak

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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 Ceres Power Holdings financial statement analysis. It represents the amount of money remaining after all of Ceres Power Holdings operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Ceres Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ceres Power Holdings 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 Ceres Power 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 bureau of economic analysis.

At present, Ceres Power's Tax Provision is projected to increase significantly based on the last few years of reporting.

	2022	2023	2024	2025 (projected)
Total Revenue	22.1M	22.3M	25.7M	27.0M
Cost Of Revenue	9.1M	8.8M	10.1M	10.6M

Total Revenue Cost Of Revenue

Ceres Power fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Short Long Term Debt Total	Non Current Liabilities Total	Other Liab	Net Receivables
Total Assets		0.79	0.91	1.0	0.94	-0.82	-0.82	0.89	0.88	0.93	-0.59	0.99	-0.68	0.9	0.97	0.8	0.89	0.9	0.94	1.0	-0.47	0.91	-0.32	0.81	0.16	0.81
Other Current Liab	0.79		0.97	0.77	0.9	-0.41	-0.84	0.84	0.5	0.9	-0.29	0.74	-0.59	0.84	0.84	0.85	0.88	0.87	0.89	0.74	-0.42	0.83	-0.28	0.8	0.17	0.46
Total Current Liabilities	0.91	0.97		0.89	0.97	-0.58	-0.88	0.91	0.66	0.96	-0.43	0.87	-0.66	0.92	0.93	0.85	0.91	0.95	0.96	0.88	-0.49	0.92	-0.29	0.86	0.15	0.63
Total Stockholder Equity	1.0	0.77	0.89		0.93	-0.84	-0.81	0.88	0.89	0.91	-0.6	1.0	-0.66	0.89	0.96	0.8	0.89	0.87	0.92	1.0	-0.46	0.89	-0.33	0.78	0.16	0.82
Property Plant And Equipment Net	0.94	0.9	0.97	0.93		-0.6	-0.9	0.95	0.68	1.0	-0.44	0.9	-0.71	0.92	0.96	0.8	0.89	0.97	0.99	0.91	-0.5	0.92	-0.33	0.9	0.17	0.71
Net Debt	-0.82	-0.41	-0.58	-0.84	-0.6		0.5	-0.53	-0.99	-0.59	0.6	-0.87	0.56	-0.6	-0.67	-0.53	-0.66	-0.56	-0.62	-0.86	0.34	-0.61	0.24	-0.51	-0.18	-0.74
Retained Earnings	-0.82	-0.84	-0.88	-0.81	-0.9	0.5		-0.91	-0.57	-0.9	0.2	-0.77	0.48	-0.91	-0.85	-0.81	-0.89	-0.85	-0.89	-0.78	0.39	-0.9	0.12	-0.8	-0.23	-0.55
Accounts Payable	0.89	0.84	0.91	0.88	0.95	-0.53	-0.91		0.6	0.93	-0.41	0.84	-0.52	0.92	0.94	0.88	0.88	0.88	0.91	0.86	-0.52	0.91	-0.27	0.76	0.1	0.71
Cash	0.88	0.5	0.66	0.89	0.68	-0.99	-0.57	0.6		0.68	-0.57	0.92	-0.61	0.68	0.73	0.58	0.73	0.64	0.71	0.9	-0.37	0.68	-0.27	0.6	0.19	0.74
Non Current Assets Total	0.93	0.9	0.96	0.91	1.0	-0.59	-0.9	0.93	0.68		-0.4	0.89	-0.73	0.91	0.95	0.77	0.89	0.97	1.0	0.89	-0.49	0.91	-0.35	0.91	0.16	0.67
Non Currrent Assets Other	-0.59	-0.29	-0.43	-0.6	-0.44	0.6	0.2	-0.41	-0.57	-0.4		-0.62	0.45	-0.44	-0.58	-0.36	-0.24	-0.51	-0.4	-0.64	0.34	-0.46	-0.03	-0.37	0.01	-0.85
Cash And Short Term Investments	0.99	0.74	0.87	1.0	0.9	-0.87	-0.77	0.84	0.92	0.89	-0.62		-0.65	0.88	0.94	0.76	0.86	0.85	0.9	1.0	-0.45	0.88	-0.31	0.77	0.16	0.82
Common Stock Total Equity	-0.68	-0.59	-0.66	-0.66	-0.71	0.56	0.48	-0.52	-0.61	-0.73	0.45	-0.65		-0.49	-0.61	-0.38	-0.53	-0.73	-0.75	-0.65	0.36	-0.47	0.51	-0.74	-0.1	-0.61
Common Stock Shares Outstanding	0.9	0.84	0.92	0.89	0.92	-0.6	-0.91	0.92	0.68	0.91	-0.44	0.88	-0.49		0.93	0.79	0.86	0.91	0.91	0.88	-0.43	0.98	-0.14	0.77	0.02	0.65
Short Term Investments	0.97	0.84	0.93	0.96	0.96	-0.67	-0.85	0.94	0.73	0.95	-0.58	0.94	-0.61	0.93		0.82	0.87	0.93	0.94	0.95	-0.47	0.93	-0.29	0.82	0.13	0.78
Other Current Assets	0.8	0.85	0.85	0.8	0.8	-0.53	-0.81	0.88	0.58	0.77	-0.36	0.76	-0.38	0.79	0.82		0.91	0.69	0.76	0.78	-0.4	0.77	-0.22	0.58	0.18	0.58
Other Stockholder Equity	0.89	0.88	0.91	0.89	0.89	-0.66	-0.89	0.88	0.73	0.89	-0.24	0.86	-0.53	0.86	0.87	0.91		0.78	0.89	0.86	-0.39	0.85	-0.34	0.73	0.24	0.53
Total Liab	0.9	0.87	0.95	0.87	0.97	-0.56	-0.85	0.88	0.64	0.97	-0.51	0.85	-0.73	0.91	0.93	0.69	0.78		0.97	0.86	-0.5	0.92	-0.21	0.94	0.15	0.71
Property Plant And Equipment Gross	0.94	0.89	0.96	0.92	0.99	-0.62	-0.89	0.91	0.71	1.0	-0.4	0.9	-0.75	0.91	0.94	0.76	0.89	0.97		0.9	-0.48	0.91	-0.36	0.91	0.16	0.68
Total Current Assets	1.0	0.74	0.88	1.0	0.91	-0.86	-0.78	0.86	0.9	0.89	-0.64	1.0	-0.65	0.88	0.95	0.78	0.86	0.86	0.9		-0.46	0.89	-0.3	0.77	0.15	0.84
Short Term Debt	-0.47	-0.42	-0.49	-0.46	-0.5	0.34	0.39	-0.52	-0.37	-0.49	0.34	-0.45	0.36	-0.43	-0.47	-0.4	-0.39	-0.5	-0.48	-0.46		-0.43	0.12	-0.43	-0.07	-0.46
Common Stock	0.91	0.83	0.92	0.89	0.92	-0.61	-0.9	0.91	0.68	0.91	-0.46	0.88	-0.47	0.98	0.93	0.77	0.85	0.92	0.91	0.89	-0.43		-0.06	0.83	0.16	0.67
Short Long Term Debt Total	-0.32	-0.28	-0.29	-0.33	-0.33	0.24	0.12	-0.27	-0.27	-0.35	-0.03	-0.31	0.51	-0.14	-0.29	-0.22	-0.34	-0.21	-0.36	-0.3	0.12	-0.06		-0.12	0.35	-0.1
Non Current Liabilities Total	0.81	0.8	0.86	0.78	0.9	-0.51	-0.8	0.76	0.6	0.91	-0.37	0.77	-0.74	0.77	0.82	0.58	0.73	0.94	0.91	0.77	-0.43	0.83	-0.12		0.44	0.61
Other Liab	0.16	0.17	0.15	0.16	0.17	-0.18	-0.23	0.1	0.19	0.16	0.01	0.16	-0.1	0.02	0.13	0.18	0.24	0.15	0.16	0.15	-0.07	0.16	0.35	0.44		0.17
Net Receivables	0.81	0.46	0.63	0.82	0.71	-0.74	-0.55	0.71	0.74	0.67	-0.85	0.82	-0.61	0.65	0.78	0.58	0.53	0.71	0.68	0.84	-0.46	0.67	-0.1	0.61	0.17

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Ceres Power Account Relationship Matchups

Ceres Power fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Other Current Liab	18.2M	6.7M	14.7M	15.9M	18.3M	19.2M
Total Current Liabilities	20.8M	15.2M	20.1M	20.2M	23.2M	24.4M
Retained Earnings	(126.8M)	(146.6M)	(190.7M)	(255.8M)	(230.2M)	(218.7M)
Accounts Payable	1.8M	2.4M	4.8M	3.6M	4.2M	4.4M
Common Stock Shares Outstanding	162.5M	185.7M	191.4M	192.7M	221.5M	232.6M
Other Current Assets	6.5M	7.3M	13.7M	8.4M	9.7M	10.2M
Other Stockholder Equity	220.2M	397.3M	398.0M	413.6M	475.7M	499.5M
Total Current Assets	114.9M	264.7M	216.9M	156.2M	179.6M	188.6M
Common Stock	17.2M	19.1M	19.2M	19.3M	22.2M	23.3M
Other Liab	1.1M	1.6M	1.8M	1.9M	2.2M	1.6M
Net Receivables	4.2M	9.6M	12.2M	5.0M	5.7M	2.9M
Property Plant Equipment	17.2M	19.0M	20.6M	28.6M	32.9M	34.5M
Net Tangible Assets	124.4M	116.6M	273.1M	224.1M	257.7M	270.6M
Inventory	2.1M	3.1M	5.7M	2.8M	3.2M	2.1M

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Other Information on Investing in Ceres Stock

Balance Sheet is a snapshot of the financial position of Ceres Power Holdings at a specified time, usually calculated after every quarter, six months, or one year. Ceres Power Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ceres Power and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Ceres currently owns. An asset can also be divided into two categories, current and non-current.

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Ceres Tax Provision vs Net Income Analysis

Tax Provision vs Net Income

Tax Provision vs Net Income Correlation Analysis

Correlation Coefficient

Tax Provision

Net Income

Ceres Power fundamental ratios Correlations

Ceres Power Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ceres Power fundamental ratios Accounts

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Other Information on Investing in Ceres Stock

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total

Cash	- 0.99	Net Debt
Common Stock Shares Outstanding	- 0.91	Retained Earnings
Accounts Payable	- 0.91	Retained Earnings
Common Stock	- 0.9	Retained Earnings
Non Current Assets Total	- 0.9	Retained Earnings
Retained Earnings	- 0.9	Property Plant And Equipment Net