Procore Tax Provision vs Gross Profit Analysis

PCOR Stock

USD 63.21 0.88 1.37%

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

To learn how to invest in Procore Stock, please use our How to Invest in Procore Technologies guide.

Tax Provision vs Gross Profit

Tax Provision vs Gross Profit Correlation Analysis

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

The correlation between Procore Technologies' Tax Provision and Gross Profit is -0.07. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Procore Technologies, assuming nothing else is changed. The correlation between historical values of Procore Technologies' Tax Provision and Gross Profit 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 Procore Technologies are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Tax Provision i.e., Procore Technologies' Tax Provision and Gross Profit go up and down completely randomly.

Correlation Coefficient

-0.07

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

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.

Gross Profit

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

Most indicators from Procore Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Procore Technologies 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Procore Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Procore Stock, please use our How to Invest in Procore Technologies guide.As of 05/03/2025, Tax Provision is likely to grow to about 1.9 M, while Selling General Administrative is likely to drop slightly above 127.6 M.

	2022	2023	2024	2025 (projected)
Interest Expense	2.1M	2.0M	1.9M	1.7M
Depreciation And Amortization	73.2M	67.0M	89.8M	48.2M

Interest Expense Depreciation And Amortization

Procore Technologies fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Total Current Assets	Short Term Debt
Total Assets		0.74	0.47	0.98	0.89	0.93	0.83	0.81	-0.89	-0.94	0.72	0.9	0.99	0.7	0.99	0.99	0.97	0.36	0.02	0.37	0.95	0.94	0.71	-0.1	0.99	0.44
Short Long Term Debt Total	0.74		-0.18	0.7	0.5	0.85	0.4	0.99	-0.79	-0.68	0.51	0.82	0.74	0.47	0.7	0.75	0.68	-0.18	0.59	0.68	0.71	0.63	0.93	0.39	0.74	0.72
Other Current Liab	0.47	-0.18		0.48	0.66	0.25	0.7	-0.07	-0.24	-0.49	0.31	0.21	0.47	0.34	0.5	0.44	0.48	0.7	-0.74	-0.3	0.38	0.55	-0.18	-0.69	0.45	-0.32
Total Current Liabilities	0.98	0.7	0.48		0.86	0.9	0.8	0.77	-0.81	-0.96	0.75	0.82	0.96	0.74	0.98	0.97	1.0	0.39	0.01	0.26	0.97	0.93	0.72	-0.22	0.99	0.31
Total Stockholder Equity	0.89	0.5	0.66	0.86		0.72	0.99	0.58	-0.81	-0.92	0.8	0.76	0.9	0.78	0.87	0.87	0.85	0.62	-0.36	0.13	0.82	0.98	0.4	-0.35	0.87	0.33
Other Liab	0.93	0.85	0.25	0.9	0.72		0.61	0.9	-0.89	-0.84	0.63	0.92	0.92	0.61	0.93	0.93	0.88	0.05	0.32	0.47	0.88	0.8	0.85	0.17	0.93	0.56
Net Tangible Assets	0.83	0.4	0.7	0.8	0.99	0.61		0.49	-0.74	-0.86	0.75	0.69	0.85	0.72	0.81	0.81	0.79	0.71	-0.48	0.09	0.76	0.94	0.27	-0.4	0.81	0.28
Property Plant And Equipment Net	0.81	0.99	-0.07	0.77	0.58	0.9	0.49		-0.82	-0.75	0.56	0.85	0.81	0.52	0.77	0.81	0.75	-0.08	0.51	0.66	0.77	0.71	0.92	0.31	0.8	0.69
Net Debt	-0.89	-0.79	-0.24	-0.81	-0.81	-0.89	-0.74	-0.82		0.82	-0.72	-0.99	-0.88	-0.67	-0.86	-0.91	-0.8	-0.12	-0.15	-0.37	-0.84	-0.84	-0.7	-0.2	-0.89	-0.7
Retained Earnings	-0.94	-0.68	-0.49	-0.96	-0.92	-0.84	-0.86	-0.75	0.82		-0.86	-0.78	-0.92	-0.86	-0.91	-0.93	-0.96	-0.41	0.06	-0.17	-0.93	-0.98	-0.68	0.31	-0.95	-0.29
Accounts Payable	0.72	0.51	0.31	0.75	0.8	0.63	0.75	0.56	-0.72	-0.86		0.64	0.7	0.99	0.69	0.72	0.75	0.37	-0.11	-0.03	0.75	0.85	0.54	-0.29	0.73	0.3
Cash	0.9	0.82	0.21	0.82	0.76	0.92	0.69	0.85	-0.99	-0.78	0.64		0.89	0.59	0.88	0.92	0.81	0.08	0.22	0.45	0.85	0.8	0.74	0.27	0.9	0.72
Non Current Assets Total	0.99	0.74	0.47	0.96	0.9	0.92	0.85	0.81	-0.88	-0.92	0.7	0.89		0.67	0.99	0.98	0.95	0.4	-0.01	0.41	0.93	0.94	0.67	-0.08	0.98	0.48
Non Currrent Assets Other	0.7	0.47	0.34	0.74	0.78	0.61	0.72	0.52	-0.67	-0.86	0.99	0.59	0.67		0.67	0.71	0.75	0.35	-0.12	-0.09	0.74	0.84	0.53	-0.36	0.72	0.2
Other Assets	0.99	0.7	0.5	0.98	0.87	0.93	0.81	0.77	-0.86	-0.91	0.69	0.88	0.99	0.67		0.99	0.97	0.36	0.01	0.36	0.94	0.91	0.68	-0.11	0.99	0.4
Cash And Short Term Investments	0.99	0.75	0.44	0.97	0.87	0.93	0.81	0.81	-0.91	-0.93	0.72	0.92	0.98	0.71	0.99		0.97	0.29	0.06	0.34	0.96	0.92	0.73	-0.08	1.0	0.43
Net Receivables	0.97	0.68	0.48	1.0	0.85	0.88	0.79	0.75	-0.8	-0.96	0.75	0.81	0.95	0.75	0.97	0.97		0.38	0.01	0.23	0.98	0.92	0.71	-0.23	0.98	0.29
Common Stock Shares Outstanding	0.36	-0.18	0.7	0.39	0.62	0.05	0.71	-0.08	-0.12	-0.41	0.37	0.08	0.4	0.35	0.36	0.29	0.38		-0.83	-0.22	0.34	0.51	-0.3	-0.6	0.32	-0.11
Non Current Liabilities Total	0.02	0.59	-0.74	0.01	-0.36	0.32	-0.48	0.51	-0.15	0.06	-0.11	0.22	-0.01	-0.12	0.01	0.06	0.01	-0.83		0.5	0.07	-0.19	0.69	0.68	0.05	0.38
Inventory	0.37	0.68	-0.3	0.26	0.13	0.47	0.09	0.66	-0.37	-0.17	-0.03	0.45	0.41	-0.09	0.36	0.34	0.23	-0.22	0.5		0.19	0.19	0.5	0.51	0.32	0.57
Other Current Assets	0.95	0.71	0.38	0.97	0.82	0.88	0.76	0.77	-0.84	-0.93	0.75	0.85	0.93	0.74	0.94	0.96	0.98	0.34	0.07	0.19		0.89	0.74	-0.11	0.97	0.4
Other Stockholder Equity	0.94	0.63	0.55	0.93	0.98	0.8	0.94	0.71	-0.84	-0.98	0.85	0.8	0.94	0.84	0.91	0.92	0.92	0.51	-0.19	0.19	0.89		0.57	-0.3	0.93	0.36
Total Liab	0.71	0.93	-0.18	0.72	0.4	0.85	0.27	0.92	-0.7	-0.68	0.54	0.74	0.67	0.53	0.68	0.73	0.71	-0.3	0.69	0.5	0.74	0.57		0.29	0.73	0.51
Deferred Long Term Liab	-0.1	0.39	-0.69	-0.22	-0.35	0.17	-0.4	0.31	-0.2	0.31	-0.29	0.27	-0.08	-0.36	-0.11	-0.08	-0.23	-0.6	0.68	0.51	-0.11	-0.3	0.29		-0.12	0.74
Total Current Assets	0.99	0.74	0.45	0.99	0.87	0.93	0.81	0.8	-0.89	-0.95	0.73	0.9	0.98	0.72	0.99	1.0	0.98	0.32	0.05	0.32	0.97	0.93	0.73	-0.12		0.4
Short Term Debt	0.44	0.72	-0.32	0.31	0.33	0.56	0.28	0.69	-0.7	-0.29	0.3	0.72	0.48	0.2	0.4	0.43	0.29	-0.11	0.38	0.57	0.4	0.36	0.51	0.74	0.4

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Procore Technologies Account Relationship Matchups

Procore Technologies fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	820.8M	1.7B	1.7B	1.9B	2.1B	1.3B
Short Long Term Debt Total	95.4M	88.9M	83.7M	81.5M	74.0M	86.1M
Other Current Liab	39.3M	86.7M	120.8M	127.4M	110.2M	88.3M
Total Current Liabilities	261.7M	403.7M	531.6M	642.4M	728.0M	418.1M
Total Stockholder Equity	(272.1M)	1.2B	1.1B	1.2B	1.3B	1.4B
Other Liab	6.1M	8.3M	8.7M	8.3M	9.6M	6.5M
Net Tangible Assets	(419.1M)	(449.8M)	419.3M	356.1M	409.5M	430.0M
Property Plant And Equipment Net	122.1M	120.5M	118.2M	114.8M	104.1M	115.6M
Net Debt	(284.5M)	(497.2M)	(213.0M)	(276.3M)	(363.7M)	(345.5M)
Retained Earnings	(397.0M)	(662.2M)	(949.1M)	(1.1B)	(1.2B)	(1.2B)
Accounts Payable	9.0M	15.5M	14.3M	13.2M	33.1M	34.8M
Cash	379.9M	586.1M	296.7M	357.8M	437.7M	320.6M
Non Current Assets Total	332.8M	938.4M	941.2M	937.8M	1.0B	641.3M
Non Currrent Assets Other	32.9M	47.9M	62.4M	63.1M	180.7M	189.8M
Other Assets	27.0M	32.9M	47.9M	51.3M	59.0M	36.5M
Cash And Short Term Investments	379.9M	586.1M	582.2M	678.0M	775.4M	450.3M
Net Receivables	77.7M	118.4M	160.2M	208.5M	246.5M	127.5M
Common Stock Shares Outstanding	27.9M	134.0M	136.5M	142.0M	147.4M	126.7M
Liabilities And Stockholders Equity	820.8M	1.7B	1.7B	1.9B	2.1B	1.3B
Non Current Liabilities Total	831.2M	97.7M	92.0M	95.5M	85.0M	80.7M
Inventory	11.9M	13.6M	17.0M	23.6M	1.15	1.09
Other Current Assets	30.4M	47.8M	37.5M	71.1M	78.0M	43.8M
Other Stockholder Equity	124.8M	1.9B	2.1B	2.3B	2.5B	2.7B
Total Liab	1.1B	501.4M	623.6M	738.0M	813.0M	708.4M
Deferred Long Term Liab	21.7M	24.5M	25.9M	5.3M	6.1M	5.8M
Total Current Assets	488.0M	752.3M	799.2M	955.7M	1.1B	623.9M
Accumulated Other Comprehensive Income	187K	(583K)	(2.3M)	(1.4M)	(2.7M)	(2.6M)
Short Term Debt	28.5M	65.9M	10.7M	12.4M	14.3M	27.9M
Intangible Assets	51.8M	229.0M	221.5M	220.6M	120.9M	125.5M
Property Plant Equipment	110.3M	122.1M	120.5M	39.2M	35.3M	33.5M
Current Deferred Revenue	213.4M	301.6M	396.5M	501.9M	584.7M	358.6M
Good Will	126.0M	540.9M	539.1M	539.4M	549.7M	378.7M
Capital Lease Obligations	95.4M	88.9M	83.7M	81.5M	74.0M	66.3M
Net Invested Capital	(272.1M)	1.2B	1.1B	1.2B	1.3B	1.4B
Property Plant And Equipment Gross	120.9M	120.5M	118.2M	149.8M	148.0M	134.9M
Non Current Liabilities Other	1.9M	4.7M	3.0M	6.3M	5.1M	3.7M
Net Working Capital	226.3M	348.6M	267.6M	313.3M	371.8M	237.1M

Pair Trading with Procore Technologies

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Procore Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Procore Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving together with Procore Stock

0.64	U	Unity Software Earnings Call This Week	Pair Corr
0.79	DJCO	Daily Journal Corp	Pair Corr
0.92	DT	Dynatrace Holdings LLC	Pair Corr

The ability to find closely correlated positions to Procore Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Procore Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Procore Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Procore Technologies to buy it.

The correlation of Procore Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Procore Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Procore Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Procore Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Procore Stock Analysis

When running Procore Technologies' price analysis, check to measure Procore Technologies' 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 Procore Technologies is operating at the current time. Most of Procore Technologies' value examination focuses on studying past and present price action to predict the probability of Procore Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Procore Technologies' price. Additionally, you may evaluate how the addition of Procore Technologies to your portfolios can decrease your overall portfolio volatility.

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