FirstCash Gross Profit vs Tax Provision Analysis

FCFS Stock

USD 108.67 1.57 1.47%

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

For more information on how to buy FirstCash Stock please use our How to Invest in FirstCash guide.

Gross Profit vs Tax Provision

Gross Profit vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of FirstCash Gross Profit account and Tax Provision. At this time, the significance of the direction appears to have very strong relationship.

The correlation between FirstCash's Gross Profit and Tax Provision is 0.84. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Tax Provision in the same time period over historical financial statements of FirstCash, assuming nothing else is changed. The correlation between historical values of FirstCash's Gross Profit 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 Gross Profit of FirstCash 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 Gross Profit i.e., FirstCash's Gross Profit and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

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Gross Profit

Gross profit is a required income statement account that reflects total revenue of FirstCash minus its cost of goods sold. It is profit before FirstCash operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

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

For more information on how to buy FirstCash Stock please use our How to Invest in FirstCash guide.Enterprise Value is likely to gain to about 3.5 B in 2024, whereas Selling General Administrative is likely to drop slightly above 90.6 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	919.2M	1.3B	1.5B	1.6B
Total Revenue	1.7B	2.7B	3.2B	3.3B

Gross Profit Total Revenue

FirstCash fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Current Assets	Intangible Assets	Accounts Payable	Common Stock Total Equity	Common Stock
Total Assets		0.98	0.87	0.98	0.97	0.95	0.97	0.89	0.78	1.0	0.08	0.78	0.98	0.64	0.98	0.88	0.81	0.98	0.85	0.98	0.34	0.88	0.62	-0.01	0.7	0.71
Short Long Term Debt Total	0.98		0.85	0.97	0.91	0.98	1.0	0.92	0.74	0.99	-0.12	0.74	0.92	0.54	1.0	0.77	0.67	1.0	0.89	0.92	0.18	0.93	0.66	-0.1	0.62	0.63
Other Current Liab	0.87	0.85		0.91	0.84	0.78	0.83	0.71	0.78	0.87	0.09	0.78	0.84	0.49	0.85	0.71	0.74	0.86	0.63	0.85	0.32	0.82	0.64	-0.17	0.6	0.61
Total Current Liabilities	0.98	0.97	0.91		0.93	0.96	0.97	0.86	0.73	0.98	-0.04	0.73	0.93	0.58	0.97	0.8	0.75	0.98	0.82	0.93	0.27	0.88	0.66	-0.1	0.67	0.68
Total Stockholder Equity	0.97	0.91	0.84	0.93		0.88	0.89	0.82	0.79	0.96	0.28	0.79	1.0	0.73	0.91	0.96	0.9	0.91	0.78	0.99	0.46	0.78	0.52	0.11	0.74	0.75
Property Plant And Equipment Net	0.95	0.98	0.78	0.96	0.88		0.98	0.91	0.66	0.97	-0.17	0.66	0.89	0.55	0.97	0.74	0.65	0.97	0.9	0.88	0.18	0.86	0.59	-0.14	0.62	0.63
Net Debt	0.97	1.0	0.83	0.97	0.89	0.98		0.92	0.7	0.98	-0.15	0.7	0.9	0.5	1.0	0.75	0.65	1.0	0.89	0.91	0.18	0.93	0.66	-0.13	0.59	0.61
Retained Earnings	0.89	0.92	0.71	0.86	0.82	0.91	0.92		0.78	0.9	-0.15	0.78	0.83	0.6	0.92	0.68	0.49	0.91	0.87	0.84	0.08	0.85	0.65	0.01	0.68	0.69
Cash	0.78	0.74	0.78	0.73	0.79	0.66	0.7	0.78		0.75	0.23	1.0	0.79	0.64	0.75	0.72	0.61	0.75	0.6	0.84	0.3	0.77	0.63	0.08	0.72	0.73
Non Current Assets Total	1.0	0.99	0.87	0.98	0.96	0.97	0.98	0.9	0.75		0.01	0.75	0.96	0.62	0.99	0.85	0.77	0.99	0.86	0.96	0.29	0.89	0.62	-0.05	0.68	0.69
Non Currrent Assets Other	0.08	-0.12	0.09	-0.04	0.28	-0.17	-0.15	-0.15	0.23	0.01		0.23	0.27	0.35	-0.09	0.52	0.55	-0.09	-0.14	0.26	0.73	-0.19	-0.22	0.43	0.26	0.26
Cash And Short Term Investments	0.78	0.74	0.78	0.73	0.79	0.66	0.7	0.78	1.0	0.75	0.23		0.79	0.64	0.75	0.72	0.61	0.75	0.6	0.84	0.3	0.77	0.63	0.08	0.72	0.73
Net Receivables	0.98	0.92	0.84	0.93	1.0	0.89	0.9	0.83	0.79	0.96	0.27	0.79		0.7	0.92	0.95	0.88	0.93	0.81	1.0	0.44	0.81	0.55	0.11	0.73	0.74
Common Stock Shares Outstanding	0.64	0.54	0.49	0.58	0.73	0.55	0.5	0.6	0.64	0.62	0.35	0.64	0.7		0.53	0.74	0.68	0.54	0.39	0.68	0.26	0.34	0.33	0.5	0.93	0.93
Non Current Liabilities Total	0.98	1.0	0.85	0.97	0.91	0.97	1.0	0.92	0.75	0.99	-0.09	0.75	0.92	0.53		0.77	0.68	1.0	0.88	0.93	0.22	0.94	0.67	-0.11	0.62	0.63
Inventory	0.88	0.77	0.71	0.8	0.96	0.74	0.75	0.68	0.72	0.85	0.52	0.72	0.95	0.74	0.77		0.94	0.78	0.66	0.94	0.62	0.61	0.37	0.25	0.73	0.74
Other Stockholder Equity	0.81	0.67	0.74	0.75	0.9	0.65	0.65	0.49	0.61	0.77	0.55	0.61	0.88	0.68	0.68	0.94		0.69	0.51	0.86	0.63	0.52	0.29	0.18	0.64	0.64
Total Liab	0.98	1.0	0.86	0.98	0.91	0.97	1.0	0.91	0.75	0.99	-0.09	0.75	0.93	0.54	1.0	0.78	0.69		0.88	0.93	0.23	0.93	0.67	-0.11	0.63	0.64
Property Plant And Equipment Gross	0.85	0.89	0.63	0.82	0.78	0.9	0.89	0.87	0.6	0.86	-0.14	0.6	0.81	0.39	0.88	0.66	0.51	0.88		0.8	0.16	0.81	0.45	-0.13	0.46	0.48
Total Current Assets	0.98	0.92	0.85	0.93	0.99	0.88	0.91	0.84	0.84	0.96	0.26	0.84	1.0	0.68	0.93	0.94	0.86	0.93	0.8		0.45	0.84	0.58	0.09	0.73	0.74
Short Term Debt	0.34	0.18	0.32	0.27	0.46	0.18	0.18	0.08	0.3	0.29	0.73	0.3	0.44	0.26	0.22	0.62	0.63	0.23	0.16	0.45		0.12	0.0	-0.14	0.35	0.35
Other Current Assets	0.88	0.93	0.82	0.88	0.78	0.86	0.93	0.85	0.77	0.89	-0.19	0.77	0.81	0.34	0.94	0.61	0.52	0.93	0.81	0.84	0.12		0.74	-0.24	0.48	0.49
Intangible Assets	0.62	0.66	0.64	0.66	0.52	0.59	0.66	0.65	0.63	0.62	-0.22	0.63	0.55	0.33	0.67	0.37	0.29	0.67	0.45	0.58	0.0	0.74		-0.16	0.48	0.49
Accounts Payable	-0.01	-0.1	-0.17	-0.1	0.11	-0.14	-0.13	0.01	0.08	-0.05	0.43	0.08	0.11	0.5	-0.11	0.25	0.18	-0.11	-0.13	0.09	-0.14	-0.24	-0.16		0.27	0.27
Common Stock Total Equity	0.7	0.62	0.6	0.67	0.74	0.62	0.59	0.68	0.72	0.68	0.26	0.72	0.73	0.93	0.62	0.73	0.64	0.63	0.46	0.73	0.35	0.48	0.48	0.27		1.0
Common Stock	0.71	0.63	0.61	0.68	0.75	0.63	0.61	0.69	0.73	0.69	0.26	0.73	0.74	0.93	0.63	0.74	0.64	0.64	0.48	0.74	0.35	0.49	0.49	0.27	1.0

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FirstCash Account Relationship Matchups

FirstCash fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.4B	2.4B	3.8B	3.9B	4.3B	4.5B
Short Long Term Debt Total	911.5M	899.4M	1.6B	1.7B	1.9B	2.0B
Other Current Liab	4.3M	109.4M	275.2M	147.4M	173.9M	182.6M
Total Current Liabilities	202.9M	206.4M	390.8M	295.5M	335.6M	352.4M
Total Stockholder Equity	1.4B	1.3B	1.8B	1.9B	2.0B	2.1B
Property Plant And Equipment Net	640.7M	672.6M	768.6M	845.7M	961.2M	1.0B
Net Debt	865.0M	833.6M	1.5B	1.6B	1.8B	1.9B
Retained Earnings	727.5M	789.3M	866.7M	1.1B	1.2B	1.3B
Cash	46.5M	65.9M	120.0M	117.3M	127.0M	133.4M
Non Current Assets Total	1.7B	1.7B	2.7B	2.8B	3.0B	3.1B
Non Currrent Assets Other	11.5M	9.8M	8.5M	9.4M	10.2M	12.5M
Cash And Short Term Investments	46.5M	65.9M	120.0M	117.3M	127.0M	133.4M
Net Receivables	417.8M	359.0M	584.4M	551.9M	657.7M	690.6M
Common Stock Shares Outstanding	43.2M	41.6M	41.0M	47.3M	45.7M	30.9M
Liabilities And Stockholders Equity	2.4B	2.4B	3.8B	3.9B	4.3B	4.5B
Non Current Liabilities Total	886.5M	882.0M	1.6B	1.7B	2.0B	2.1B
Inventory	265.3M	190.4M	263.3M	288.3M	312.1M	327.7M
Other Stockholder Equity	719.0M	612.5M	1.1B	925.2M	820.9M	861.9M
Total Liab	1.1B	1.1B	2.0B	2.0B	2.3B	2.4B
Property Plant And Equipment Gross	640.7M	672.6M	462.5M	538.7M	1.4B	1.5B
Total Current Assets	741.0M	624.6M	1.1B	1.1B	1.3B	1.4B
Accumulated Other Comprehensive Income	(97.0M)	(118.4M)	(131.3M)	(106.6M)	(43.0M)	(45.2M)
Short Term Debt	86.5M	88.6M	90.6M	92.9M	102.0M	107.1M
Other Current Assets	11.4M	9.4M	161.7M	173.1M	209.8M	220.3M
Intangible Assets	85.9M	83.7M	388.2M	330.3M	277.7M	291.6M
Accounts Payable	72.4M	7.2M	23.1M	27.4M	26.5M	21.5M
Other Assets	23.2M	312.9M	14.1M	16.8M	19.3M	31.9M
Long Term Debt	631.6M	615.9M	1.3B	1.4B	1.6B	1.7B
Treasury Stock	(512.5M)	(609.3M)	(652.8M)	(809.4M)	(728.4M)	(692.0M)
Property Plant Equipment	336.2M	373.7M	768.6M	538.7M	619.5M	650.5M
Good Will	948.6M	977.4M	1.5B	1.6B	1.7B	1.8B
Current Deferred Revenue	39.7M	34.7M	57.3M	63.1M	70.6M	74.1M
Net Tangible Assets	1.4B	1.3B	(108.3M)	1.9B	2.2B	2.3B
Retained Earnings Total Equity	727.5M	789.3M	866.7M	1.1B	1.2B	633.1M
Capital Surpluse	1.2B	1.2B	1.7B	1.7B	2.0B	1.0B

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