BitFuFu Gross Profit 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 Gross Profit 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.

Gross Profit vs Income Tax Expense

Gross Profit 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 Gross Profit account and Income Tax Expense. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between BitFuFu's Gross Profit and Income Tax Expense is -0.34. Overlapping area represents the amount of variation of Gross Profit 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 Gross Profit 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 Gross Profit 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 Gross Profit i.e., BitFuFu's Gross Profit and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

-0.34

Relationship Direction	Negative
Relationship Strength	Insignificant

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Gross Profit

Gross profit is a required income statement account that reflects total revenue of BitFuFu Class A minus its cost of goods sold. It is profit before BitFuFu 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.

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

Gross Profit Total Revenue

BitFuFu fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Current Deferred Revenue	Retained Earnings	Accounts Payable	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Net Working Capital	Common Stock	Short Long Term Debt Total	Net Debt	Non Currrent Assets Other	Cash And Short Term Investments	Inventory	Short Term Debt	Other Assets
Total Assets		0.63	0.97	0.51	0.45	0.94	-0.05	0.96	0.67	0.08	0.97	0.98	0.97	0.83	0.99	0.13	0.94	-0.97	-0.12	0.97	0.92	0.3	0.92
Other Current Liab	0.63		0.42	0.97	0.05	0.34	-0.25	0.53	0.28	0.79	0.44	0.61	0.43	0.9	0.51	0.83	0.85	-0.44	-0.83	0.43	0.88	-0.54	0.44
Total Current Liabilities	0.97	0.42		0.29	0.46	1.0	-0.04	0.95	0.66	-0.17	1.0	0.94	1.0	0.69	0.99	-0.11	0.83	-1.0	0.12	1.0	0.79	0.52	0.95
Total Stockholder Equity	0.51	0.97	0.29		0.12	0.2	-0.1	0.4	0.28	0.89	0.3	0.53	0.29	0.81	0.4	0.92	0.77	-0.3	-0.92	0.3	0.81	-0.67	0.26
Current Deferred Revenue	0.45	0.05	0.46	0.12		0.47	0.87	0.59	0.95	-0.05	0.46	0.61	0.46	0.33	0.55	-0.07	0.38	-0.47	0.07	0.47	0.36	0.26	0.46
Retained Earnings	0.94	0.34	1.0	0.2	0.47		-0.01	0.94	0.66	-0.25	0.99	0.91	1.0	0.63	0.97	-0.2	0.78	-0.99	0.21	0.99	0.74	0.6	0.94
Accounts Payable	-0.05	-0.25	-0.04	-0.1	0.87	-0.01		0.11	0.68	-0.04	-0.03	0.15	-0.03	-0.08	0.06	-0.09	-0.08	0.03	0.09	-0.03	-0.08	0.07	-0.03
Common Stock Shares Outstanding	0.96	0.53	0.95	0.4	0.59	0.94	0.11		0.8	-0.01	0.95	0.96	0.95	0.82	0.97	0.03	0.87	-0.96	-0.03	0.95	0.85	0.37	0.98
Other Current Assets	0.67	0.28	0.66	0.28	0.95	0.66	0.68	0.8		0.03	0.66	0.8	0.66	0.59	0.74	0.03	0.61	-0.68	-0.02	0.67	0.6	0.26	0.7
Other Stockholder Equity	0.08	0.79	-0.17	0.89	-0.05	-0.25	-0.04	-0.01	0.03		-0.15	0.12	-0.16	0.53	-0.04	1.0	0.41	0.15	-1.0	-0.16	0.47	-0.93	-0.15
Total Liab	0.97	0.44	1.0	0.3	0.46	0.99	-0.03	0.95	0.66	-0.15		0.94	1.0	0.7	0.99	-0.1	0.84	-1.0	0.1	1.0	0.8	0.51	0.95
Net Invested Capital	0.98	0.61	0.94	0.53	0.61	0.91	0.15	0.96	0.8	0.12	0.94		0.94	0.83	0.98	0.16	0.93	-0.94	-0.16	0.94	0.91	0.26	0.89
Total Current Assets	0.97	0.43	1.0	0.29	0.46	1.0	-0.03	0.95	0.66	-0.16	1.0	0.94		0.69	0.99	-0.11	0.83	-1.0	0.12	1.0	0.8	0.52	0.95
Capital Stock	0.83	0.9	0.69	0.81	0.33	0.63	-0.08	0.82	0.59	0.53	0.7	0.83	0.69		0.76	0.57	0.94	-0.71	-0.57	0.7	0.95	-0.2	0.76
Net Working Capital	0.99	0.51	0.99	0.4	0.55	0.97	0.06	0.97	0.74	-0.04	0.99	0.98	0.99	0.76		0.0	0.89	-0.99	0.0	0.99	0.85	0.42	0.94
Common Stock	0.13	0.83	-0.11	0.92	-0.07	-0.2	-0.09	0.03	0.03	1.0	-0.1	0.16	-0.11	0.57	0.0		0.46	0.1	-1.0	-0.1	0.51	-0.91	-0.1
Short Long Term Debt Total	0.94	0.85	0.83	0.77	0.38	0.78	-0.08	0.87	0.61	0.41	0.84	0.93	0.83	0.94	0.89	0.46		-0.84	-0.45	0.84	1.0	-0.04	0.79
Net Debt	-0.97	-0.44	-1.0	-0.3	-0.47	-0.99	0.03	-0.96	-0.68	0.15	-1.0	-0.94	-1.0	-0.71	-0.99	0.1	-0.84		-0.1	-1.0	-0.8	-0.51	-0.96
Non Currrent Assets Other	-0.12	-0.83	0.12	-0.92	0.07	0.21	0.09	-0.03	-0.02	-1.0	0.1	-0.16	0.12	-0.57	0.0	-1.0	-0.45	-0.1		0.11	-0.51	0.91	0.1
Cash And Short Term Investments	0.97	0.43	1.0	0.3	0.47	0.99	-0.03	0.95	0.67	-0.16	1.0	0.94	1.0	0.7	0.99	-0.1	0.84	-1.0	0.11		0.8	0.51	0.95
Inventory	0.92	0.88	0.79	0.81	0.36	0.74	-0.08	0.85	0.6	0.47	0.8	0.91	0.8	0.95	0.85	0.51	1.0	-0.8	-0.51	0.8		-0.11	0.76
Short Term Debt	0.3	-0.54	0.52	-0.67	0.26	0.6	0.07	0.37	0.26	-0.93	0.51	0.26	0.52	-0.2	0.42	-0.91	-0.04	-0.51	0.91	0.51	-0.11		0.49
Other Assets	0.92	0.44	0.95	0.26	0.46	0.94	-0.03	0.98	0.7	-0.15	0.95	0.89	0.95	0.76	0.94	-0.1	0.79	-0.96	0.1	0.95	0.76	0.49

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BitFuFu Gross Profit vs Income Tax Expense Analysis

Gross Profit vs Income Tax Expense

Gross Profit vs Income Tax Expense Correlation Analysis

Correlation Coefficient

Gross Profit

Income Tax Expense

BitFuFu fundamental ratios Correlations

BitFuFu Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Thematic Opportunities

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Additional Tools for BitFuFu Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Retained Earnings
Common Stock	+ 1.0	Other Stockholder Equity

Cash And Short Term Investments	- 1.0	Net Debt
Non Currrent Assets Other	- 1.0	Common Stock
Net Debt	- 1.0	Total Current Assets
Net Debt	- 1.0	Total Liab
Non Currrent Assets Other	- 1.0	Other Stockholder Equity
Net Debt	- 1.0	Total Current Liabilities