NWTN Income Before Tax vs Income Tax Expense Analysis
| NWTN Stock | 1.20 0.02 1.69% |
NWTN financial indicator trend analysis is infinitely more than just investigating NWTN Class B recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NWTN Class B is a good investment. Please check the relationship between NWTN Income Before Tax and its Income Tax Expense accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NWTN Class B. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
Income Before Tax vs Income Tax Expense
Income Before Tax vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NWTN Class B Income Before Tax account and Income Tax Expense. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between NWTN's Income Before Tax and Income Tax Expense is -0.31. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of NWTN Class B, assuming nothing else is changed. The correlation between historical values of NWTN's Income Before Tax 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 Income Before Tax of NWTN Class B 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 Income Before Tax i.e., NWTN's Income Before Tax and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | -0.31 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on NWTN income statement and is an important metric when analyzing NWTN Class B profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Income Tax Expense
Most indicators from NWTN's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NWTN Class B 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NWTN Class B. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At this time, NWTN's Tax Provision is very stable compared to the past year. As of the 22nd of November 2024, Issuance Of Capital Stock is likely to grow to about 483 M, while Selling General Administrative is likely to drop about 15.5 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 10.8M | 40.4M | 46.5M | 48.8M | Depreciation And Amortization | 16.2K | 748.6K | 860.9K | 903.9K |
NWTN fundamental ratios Correlations
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NWTN Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NWTN fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 139.4M | 13.9M | 13.9M | 350.8M | 403.4M | 423.6M | |
| Other Current Liab | 38.4K | 190.4M | 28.5M | 34.2M | 39.3M | 55.7M | |
| Total Current Liabilities | 38.4K | 221.9M | 69.4M | 63.1M | 72.6M | 78.0M | |
| Total Stockholder Equity | 139.0M | (195.4M) | (52.5M) | 280.8M | 322.9M | 339.1M | |
| Net Debt | (389.4K) | 23.3M | 25.4M | (189.1M) | (170.2M) | (161.7M) | |
| Retained Earnings | 536.2K | (239.1M) | (251.5M) | (292.2M) | (263.0M) | (249.9M) | |
| Cash | 389.4K | 3.3K | 21.3K | 211.9M | 243.6M | 255.8M | |
| Non Current Assets Total | 138.8M | 48.7K | 33.5K | 109.9M | 126.4M | 132.7M | |
| Cash And Short Term Investments | 389.4K | 3.3K | 21.3K | 212.0M | 243.8M | 256.0M | |
| Liabilities And Stockholders Equity | 139.4M | 13.9M | 13.9M | 350.2M | 402.7M | 422.9M | |
| Total Liab | 440.9K | 221.9M | 69.4M | 72.0M | 82.8M | 80.0M | |
| Total Current Assets | 591.8K | 13.8M | 13.9M | 240.3M | 276.3M | 290.1M |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NWTN Class B. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Is Automotive Parts & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NWTN. If investors know NWTN will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NWTN listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.35) | Revenue Per Share 0.002 | Return On Assets (0.33) | Return On Equity (1.29) |
The market value of NWTN Class B is measured differently than its book value, which is the value of NWTN that is recorded on the company's balance sheet. Investors also form their own opinion of NWTN's value that differs from its market value or its book value, called intrinsic value, which is NWTN's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NWTN's market value can be influenced by many factors that don't directly affect NWTN's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NWTN's value and its price as these two are different measures arrived at by different means. Investors typically determine if NWTN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NWTN's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.