BitFuFu Cost Of Revenue vs Income Tax Expense Analysis
| FUFU Stock | 5.24 0.23 4.59% |
BitFuFu financial indicator trend analysis is way more than just evaluating BitFuFu Class A prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BitFuFu Class A is a good investment. Please check the relationship between BitFuFu Cost Of Revenue and its Income Tax Expense accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in BitFuFu Class A. 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.
Cost Of Revenue vs Income Tax Expense
Cost Of Revenue vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BitFuFu Class A Cost Of Revenue account and Income Tax Expense. At this time, the significance of the direction appears to have weak relationship.
The correlation between BitFuFu's Cost Of Revenue and Income Tax Expense is 0.34. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of BitFuFu Class A, assuming nothing else is changed. The correlation between historical values of BitFuFu's Cost Of Revenue and Income Tax Expense 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 BitFuFu Class A are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Cost Of Revenue i.e., BitFuFu's Cost Of Revenue and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | 0.34 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Cost Of Revenue
Cost of Revenue is found on BitFuFu Class A income statement and represents the costs associated with goods and services BitFuFu 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.Income Tax Expense
Most indicators from BitFuFu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BitFuFu Class A 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 BitFuFu Class A. 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. Tax Provision is likely to gain to about 2.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.3 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 9.0M | 36.2M | 12.7M | 16.0M | Total Revenue | 103.0M | 198.2M | 284.1M | 161.3M |
BitFuFu fundamental ratios Correlations
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BitFuFu Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for BitFuFu Stock Analysis
When running BitFuFu's price analysis, check to measure BitFuFu'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 BitFuFu is operating at the current time. Most of BitFuFu's value examination focuses on studying past and present price action to predict the probability of BitFuFu's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BitFuFu's price. Additionally, you may evaluate how the addition of BitFuFu to your portfolios can decrease your overall portfolio volatility.