Dogness Tax Provision vs Research Development Analysis

DOGZ Stock  USD 33.05  0.69  2.05%   
Dogness International financial indicator trend analysis is much more than just examining Dogness International latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dogness International is a good investment. Please check the relationship between Dogness International Tax Provision and its Research Development accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dogness International Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Tax Provision vs Research Development

Tax Provision vs Research Development Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dogness International Tax Provision account and Research Development. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Dogness International's Tax Provision and Research Development is -0.37. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Research Development in the same time period over historical financial statements of Dogness International Corp, assuming nothing else is changed. The correlation between historical values of Dogness International's Tax Provision and Research Development 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 Dogness International Corp are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Tax Provision i.e., Dogness International's Tax Provision and Research Development go up and down completely randomly.

Correlation Coefficient

-0.37
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Research Development

Most indicators from Dogness International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dogness International 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dogness International Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
At this time, Dogness International's Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value is likely to rise to about 373.9 M in 2025, despite the fact that Tax Provision is likely to grow to (420.3 K).
 2022 2023 2024 2025 (projected)
Gross Profit3.7M3.1M2.8M5.6M
Total Revenue17.6M14.8M17.1M23.3M

Dogness International fundamental ratios Correlations

0.27-0.250.990.99-0.03-0.490.770.50.080.940.380.390.950.64-0.920.53-0.80.630.490.920.650.960.380.20.97
0.270.780.210.210.29-0.120.040.060.040.260.44-0.150.10.46-0.340.07-0.290.27-0.240.21-0.080.270.11-0.090.27
-0.250.78-0.35-0.35-0.030.28-0.43-0.39-0.29-0.290.07-0.07-0.380.360.25-0.370.36-0.27-0.36-0.21-0.22-0.17-0.180.06-0.18
0.990.21-0.351.00.06-0.540.80.580.170.950.410.320.950.53-0.920.6-0.840.680.450.880.590.930.390.110.94
0.990.21-0.351.00.06-0.530.80.570.170.940.40.320.940.53-0.920.6-0.840.680.440.880.580.930.390.110.94
-0.030.29-0.030.060.06-0.320.140.510.740.040.43-0.72-0.17-0.53-0.10.47-0.330.44-0.69-0.31-0.7-0.210.17-0.79-0.19
-0.49-0.120.28-0.54-0.53-0.32-0.22-0.72-0.58-0.67-0.56-0.17-0.520.020.43-0.760.47-0.74-0.13-0.34-0.14-0.310.03-0.01-0.33
0.770.04-0.430.80.80.14-0.220.610.10.670.230.090.730.28-0.740.57-0.760.360.320.670.390.70.31-0.270.7
0.50.06-0.390.580.570.51-0.720.610.710.60.55-0.090.48-0.14-0.470.99-0.590.550.080.260.00.260.33-0.410.27
0.080.04-0.290.170.170.74-0.580.10.710.210.6-0.290.03-0.43-0.220.73-0.380.58-0.2-0.17-0.36-0.150.43-0.41-0.13
0.940.26-0.290.950.940.04-0.670.670.60.210.50.340.960.47-0.890.63-0.840.750.50.890.590.860.360.190.88
0.380.440.070.410.40.43-0.560.230.550.60.50.110.340.07-0.430.63-0.520.810.10.24-0.060.220.23-0.230.25
0.39-0.15-0.070.320.32-0.72-0.170.09-0.09-0.290.340.110.50.63-0.220.010.020.090.70.550.820.45-0.070.770.45
0.950.1-0.380.950.94-0.17-0.520.730.480.030.960.340.50.56-0.880.51-0.790.60.650.960.770.920.330.320.93
0.640.460.360.530.53-0.530.020.28-0.14-0.430.470.070.630.56-0.54-0.09-0.250.060.510.710.740.750.190.620.74
-0.92-0.340.25-0.92-0.92-0.10.43-0.74-0.47-0.22-0.89-0.43-0.22-0.88-0.54-0.490.94-0.68-0.48-0.87-0.57-0.89-0.53-0.13-0.9
0.530.07-0.370.60.60.47-0.760.570.990.730.630.630.010.51-0.09-0.49-0.590.620.140.30.050.290.34-0.330.31
-0.8-0.290.36-0.84-0.84-0.330.47-0.76-0.59-0.38-0.84-0.520.02-0.79-0.250.94-0.59-0.75-0.36-0.72-0.34-0.72-0.520.13-0.74
0.630.27-0.270.680.680.44-0.740.360.550.580.750.810.090.60.06-0.680.62-0.750.150.480.110.490.25-0.110.52
0.49-0.24-0.360.450.44-0.69-0.130.320.08-0.20.50.10.70.650.51-0.480.14-0.360.150.670.850.530.290.640.53
0.920.21-0.210.880.88-0.31-0.340.670.26-0.170.890.240.550.960.71-0.870.3-0.720.480.670.840.950.30.440.95
0.65-0.08-0.220.590.58-0.7-0.140.390.0-0.360.59-0.060.820.770.74-0.570.05-0.340.110.850.840.740.220.780.73
0.960.27-0.170.930.93-0.21-0.310.70.26-0.150.860.220.450.920.75-0.890.29-0.720.490.530.950.740.330.351.0
0.380.11-0.180.390.390.170.030.310.330.430.360.23-0.070.330.19-0.530.34-0.520.250.290.30.220.330.070.33
0.2-0.090.060.110.11-0.79-0.01-0.27-0.41-0.410.19-0.230.770.320.62-0.13-0.330.13-0.110.640.440.780.350.070.34
0.970.27-0.180.940.94-0.19-0.330.70.27-0.130.880.250.450.930.74-0.90.31-0.740.520.530.950.731.00.330.34
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Dogness International Account Relationship Matchups

Dogness International fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets93.8M100.8M97.9M99.2M114.1M70.3M
Other Current Liab16.2M2.6M2.0M1.5M1.7M1.6M
Total Current Liabilities21.3M6.5M9.3M8.5M7.7M8.4M
Total Stockholder Equity64.4M88.2M76.3M76.4M87.9M54.1M
Net Tangible Assets48.8M62.2M86.1M74.5M85.7M49.2M
Retained Earnings4.6M7.9M664.0K(5.4M)(4.9M)(4.6M)
Accounts Payable1.2M1.4M895.7K1.3M1.2M909.2K
Cash4.9M16.6M4.5M7.0M8.0M5.2M
Cash And Short Term Investments5.5M16.7M4.5M7.0M8.0M9.9M
Net Receivables2.9M2.8M2.9M2.9M2.7M2.8M
Inventory4.2M3.4M2.7M3.1M3.6M3.7M
Other Current Assets1.7M477.2K4.0M3.4M3.9M4.1M
Other Stockholder Equity53.2M60.4M84.1M85.7M98.5M103.4M
Total Liab28.9M12.3M21.5M22.8M26.2M16.0M
Short Long Term Debt1.5M2.1M3.9M2.2M2.0M3.4M
Total Current Assets14.3M23.4M14.0M16.4M18.9M19.3M
Short Term Debt3.7M2.3M6.3M4.5M4.1M4.0M
Intangible Assets2.2M2.1M1.8M1.8M2.0M2.1M
Common Stock59.2K78.5K80.2K92.0M105.8M111.1M
Property Plant Equipment48.7M75.0M73.0M79.2M91.1M95.7M
Short Long Term Debt Total11.4M8.1M18.5M18.8M21.6M22.7M
Property Plant And Equipment Net75.0M73.0M79.2M77.6M89.3M51.9M
Current Deferred Revenue209.5K151.5K121.7K264.8K238.3K161.5K
Net Debt6.4M(8.5M)14.0M11.8M13.6M14.3M
Non Current Assets Total79.6M77.4M83.9M82.8M95.2M55.9M
Other Assets115.2K605.7K699.0K1.3M1.5M984.6K
Common Stock Shares Outstanding10.1M10.6M10.6M10.9M12.6M10.0M
Liabilities And Stockholders Equity93.8M100.8M97.9M99.2M114.1M76.3M
Non Current Liabilities Total7.7M5.8M12.2M14.3M16.4M17.2M
Property Plant And Equipment Gross84.6M83.9M92.0M90.3M103.8M57.5M
Accumulated Other Comprehensive Income(668.8K)(3.9M)(10.1M)(10.2M)(9.2M)(8.7M)
Net Invested Capital72.4M95.2M81.9M81.9M94.2M72.9M
Net Working Capital(7.0M)16.9M4.7M7.9M7.1M7.7M
Long Term Investments1.7M1.6M1.5M1.5M1.7M1.5M
Capital Stock59.2K78.5K80.2K92.0M105.8M111.1M
Long Term Debt6.6M4.9M1.6M3.3M3.8M3.6M
Capital Lease Obligations1.3M1.1M12.9M13.3M15.3M16.0M

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