Prenetics Tax Provision vs Total Operating Expenses Analysis

PRE Stock

USD 5.41 0.09 1.64%

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

For information on how to trade Prenetics Stock refer to our How to Trade Prenetics Stock guide.

Tax Provision vs Total Operating Expenses

Tax Provision vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Prenetics Global Tax Provision account and Total Operating Expenses. At this time, the significance of the direction appears to have strong relationship.

The correlation between Prenetics Global's Tax Provision and Total Operating Expenses is 0.72. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Prenetics Global, assuming nothing else is changed. The correlation between historical values of Prenetics Global's Tax Provision and Total Operating Expenses 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 Prenetics Global are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Tax Provision i.e., Prenetics Global's Tax Provision and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.72

Relationship Direction	Positive
Relationship Strength	Significant

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.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

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

For information on how to trade Prenetics Stock refer to our How to Trade Prenetics Stock guide.At present, Prenetics Global's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 1.80, whereas Enterprise Value Over EBITDA is forecasted to decline to (0.46).

	2022	2023	2024	2025 (projected)
Gross Profit	131.6M	8.8M	7.9M	7.5M
Total Revenue	275.8M	21.7M	19.6M	18.6M

Gross Profit Total Revenue

Prenetics Global fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Good Will	Short Term Investments	Total Liab	Preferred Stock Total Equity	Intangible Assets	Common Stock	Common Stock Shares Outstanding	Treasury Stock	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables
Total Assets		1.0	0.57	0.98	0.89	0.99	0.78	0.02	0.93	0.89	1.0	0.11	0.97	0.83	0.57	0.33	-0.44	-0.54	-0.54	-0.1	-0.46	0.34	-0.42	-0.39	-0.4	-0.36
Total Stockholder Equity	1.0		0.59	0.98	0.9	0.99	0.79	0.0	0.94	0.88	0.99	0.09	0.97	0.83	0.54	0.33	-0.44	-0.55	-0.55	-0.06	-0.48	0.33	-0.41	-0.37	-0.39	-0.38
Other Liab	0.57	0.59		0.59	0.82	0.47	0.91	-0.09	0.56	0.61	0.56	-0.02	0.6	0.48	0.28	0.23	-0.27	-0.33	-0.33	-0.06	-0.28	0.21	-0.26	-0.24	-0.25	-0.22
Retained Earnings	0.98	0.98	0.59		0.91	0.98	0.77	0.03	0.91	0.82	0.97	0.11	0.95	0.85	0.42	0.22	-0.46	-0.56	-0.56	-0.13	-0.49	0.37	-0.46	-0.43	-0.44	-0.36
Accounts Payable	0.89	0.9	0.82	0.91		0.85	0.94	-0.21	0.91	0.82	0.88	-0.11	0.93	0.76	0.47	0.4	-0.43	-0.52	-0.53	-0.11	-0.45	0.33	-0.42	-0.39	-0.4	-0.34
Cash	0.99	0.99	0.47	0.98	0.85		0.71	0.0	0.93	0.83	0.98	0.08	0.96	0.81	0.5	0.3	-0.4	-0.52	-0.52	-0.09	-0.43	0.29	-0.41	-0.36	-0.36	-0.33
Other Assets	0.78	0.79	0.91	0.77	0.94	0.71		-0.29	0.84	0.75	0.78	-0.19	0.85	0.67	0.57	0.51	-0.4	-0.49	-0.49	-0.1	-0.42	0.31	-0.39	-0.36	-0.37	-0.32
Long Term Debt	0.02	0.0	-0.09	0.03	-0.21	0.0	-0.29		-0.34	0.09	0.02	0.96	-0.22	-0.07	-0.38	-0.78	0.15	0.21	0.21	0.07	0.16	-0.13	0.2	0.2	0.18	0.12
Good Will	0.93	0.94	0.56	0.91	0.91	0.93	0.84	-0.34		0.8	0.93	-0.23	0.99	0.78	0.66	0.6	-0.45	-0.56	-0.56	-0.08	-0.48	0.34	-0.42	-0.39	-0.4	-0.38
Short Term Investments	0.89	0.88	0.61	0.82	0.82	0.83	0.75	0.09	0.8		0.89	0.19	0.85	0.72	0.65	0.37	-0.37	-0.45	-0.45	-0.08	-0.39	0.28	-0.34	-0.32	-0.33	-0.3
Total Liab	1.0	0.99	0.56	0.97	0.88	0.98	0.78	0.02	0.93	0.89		0.12	0.97	0.83	0.58	0.34	-0.43	-0.53	-0.53	-0.12	-0.46	0.34	-0.42	-0.4	-0.41	-0.35
Preferred Stock Total Equity	0.11	0.09	-0.02	0.11	-0.11	0.08	-0.19	0.96	-0.23	0.19	0.12		-0.11	0.05	-0.26	-0.69	0.06	0.09	0.1	-0.03	0.06	-0.07	0.02	0.13	0.1	0.11
Intangible Assets	0.97	0.97	0.6	0.95	0.93	0.96	0.85	-0.22	0.99	0.85	0.97	-0.11		0.82	0.65	0.51	-0.46	-0.56	-0.57	-0.12	-0.49	0.36	-0.45	-0.42	-0.43	-0.37
Common Stock	0.83	0.83	0.48	0.85	0.76	0.81	0.67	-0.07	0.78	0.72	0.83	0.05	0.82		0.46	0.28	-0.76	-0.77	-0.8	-0.22	-0.78	0.62	-0.74	-0.72	-0.74	-0.51
Common Stock Shares Outstanding	0.57	0.54	0.28	0.42	0.47	0.5	0.57	-0.38	0.66	0.65	0.58	-0.26	0.65	0.46		0.81	-0.31	-0.36	-0.36	-0.09	-0.32	0.26	-0.27	-0.28	-0.29	-0.25
Treasury Stock	0.33	0.33	0.23	0.22	0.4	0.3	0.51	-0.78	0.6	0.37	0.34	-0.69	0.51	0.28	0.81		-0.26	-0.31	-0.31	0.01	-0.27	0.21	-0.16	-0.21	-0.23	-0.27
Short Long Term Debt Total	-0.44	-0.44	-0.27	-0.46	-0.43	-0.4	-0.4	0.15	-0.45	-0.37	-0.43	0.06	-0.46	-0.76	-0.31	-0.26		0.86	0.89	0.02	0.99	-0.86	0.47	0.76	0.87	0.85
Other Current Liab	-0.54	-0.55	-0.33	-0.56	-0.52	-0.52	-0.49	0.21	-0.56	-0.45	-0.53	0.09	-0.56	-0.77	-0.36	-0.31	0.86		1.0	0.03	0.91	-0.64	0.62	0.65	0.72	0.79
Total Current Liabilities	-0.54	-0.55	-0.33	-0.56	-0.53	-0.52	-0.49	0.21	-0.56	-0.45	-0.53	0.1	-0.57	-0.8	-0.36	-0.31	0.89	1.0		0.05	0.93	-0.68	0.64	0.7	0.76	0.78
Net Tangible Assets	-0.1	-0.06	-0.06	-0.13	-0.11	-0.09	-0.1	0.07	-0.08	-0.08	-0.12	-0.03	-0.12	-0.22	-0.09	0.01	0.02	0.03	0.05		-0.06	-0.39	0.59	0.6	0.46	-0.41
Property Plant And Equipment Net	-0.46	-0.48	-0.28	-0.49	-0.45	-0.43	-0.42	0.16	-0.48	-0.39	-0.46	0.06	-0.49	-0.78	-0.32	-0.27	0.99	0.91	0.93	-0.06		-0.78	0.5	0.7	0.82	0.87
Net Debt	0.34	0.33	0.21	0.37	0.33	0.29	0.31	-0.13	0.34	0.28	0.34	-0.07	0.36	0.62	0.26	0.21	-0.86	-0.64	-0.68	-0.39	-0.78		-0.41	-0.91	-0.97	-0.63
Non Current Assets Total	-0.42	-0.41	-0.26	-0.46	-0.42	-0.41	-0.39	0.2	-0.42	-0.34	-0.42	0.02	-0.45	-0.74	-0.27	-0.16	0.47	0.62	0.64	0.59	0.5	-0.41		0.7	0.62	0.06
Non Currrent Assets Other	-0.39	-0.37	-0.24	-0.43	-0.39	-0.36	-0.36	0.2	-0.39	-0.32	-0.4	0.13	-0.42	-0.72	-0.28	-0.21	0.76	0.65	0.7	0.6	0.7	-0.91	0.7		0.98	0.42
Cash And Short Term Investments	-0.4	-0.39	-0.25	-0.44	-0.4	-0.36	-0.37	0.18	-0.4	-0.33	-0.41	0.1	-0.43	-0.74	-0.29	-0.23	0.87	0.72	0.76	0.46	0.82	-0.97	0.62	0.98		0.57
Net Receivables	-0.36	-0.38	-0.22	-0.36	-0.34	-0.33	-0.32	0.12	-0.38	-0.3	-0.35	0.11	-0.37	-0.51	-0.25	-0.27	0.85	0.79	0.78	-0.41	0.87	-0.63	0.06	0.42	0.57

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Prenetics Global Account Relationship Matchups

Prenetics Global fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	78.9M	148.5M	308.0M	254.2M	228.8M	217.3M
Total Stockholder Equity	31.1M	(400.8M)	237.1M	206.4M	185.7M	176.4M
Retained Earnings	(43.6M)	(217.6M)	(408.0M)	(470.8M)	(423.7M)	(402.5M)
Accounts Payable	13.4M	10.0M	7.3M	1.7M	1.5M	1.4M
Cash	14.5M	35.3M	146.7M	45.7M	41.1M	39.1M
Other Assets	2.3M	2.9M	7.8M	(8.3M)	(7.5M)	(7.1M)
Good Will	4.0M	4.0M	32.8M	29.2M	26.3M	24.9M
Short Term Investments	314.7K	9.9M	17.5M	27.0M	24.3M	23.1M
Total Liab	47.9M	549.4M	67.9M	44.0M	39.6M	37.6M
Intangible Assets	24.1M	23.8M	11.3M	13.4M	12.1M	11.5M
Common Stock	53.2M	1.5K	13.7K	18.3K	16.5K	15.7K
Short Long Term Debt Total	1.7M	5.3M	6.6M	2.4M	2.7M	3.7M
Other Current Liab	30.9M	34.4M	32.8M	22.8M	26.2M	28.6M
Total Current Liabilities	47.1M	58.7M	57.2M	39.5M	45.4M	47.2M
Property Plant And Equipment Net	4.7M	13.0M	13.1M	5.8M	6.6M	8.5M
Net Debt	(12.8M)	(30.0M)	(140.0M)	(43.3M)	(39.0M)	(41.0M)
Non Current Assets Total	34.9M	41.6M	65.8M	160.5M	184.6M	193.8M
Non Currrent Assets Other	193.6K	693.5K	7.6M	4.3M	4.9M	2.8M
Cash And Short Term Investments	14.5M	45.2M	164.2M	72.7M	83.7M	67.9M
Net Receivables	23.1M	47.5M	41.7M	5.2M	5.9M	5.6M
Liabilities And Stockholders Equity	78.9M	148.5M	308.0M	254.2M	292.3M	180.2M
Non Current Liabilities Total	804.6K	490.7M	10.7M	4.5M	5.2M	4.9M
Inventory	4.5M	6.8M	4.9M	3.1M	3.6M	4.4M
Other Current Assets	1.9M	7.4M	30.3M	4.3M	5.0M	9.7M
Other Stockholder Equity	(5.7M)	(217.6M)	830.8M	853.1M	981.1M	1.0B
Total Current Assets	44.0M	106.9M	242.1M	93.7M	107.7M	110.5M
Accumulated Other Comprehensive Income	(22.2M)	(400.8M)	237.1M	(176.0M)	(158.4M)	(150.5M)

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When determining whether Prenetics Global is a strong investment it is important to analyze Prenetics Global's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Prenetics Global's future performance. For an informed investment choice regarding Prenetics Stock, refer to the following important reports:

How To Invest In Prenetics

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Is Prenetics Stock a good investment?

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What is Prenetics Global's Net Worth?

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prenetics Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For information on how to trade Prenetics Stock refer to our How to Trade Prenetics Stock guide.

You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Is Reinsurance 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 Prenetics Global. If investors know Prenetics 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 Prenetics Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(3.73)

Revenue Per Share

1.878

Quarterly Revenue Growth

0.043

Return On Assets

(0.10)

Return On Equity

(0.22)

The market value of Prenetics Global is measured differently than its book value, which is the value of Prenetics that is recorded on the company's balance sheet. Investors also form their own opinion of Prenetics Global's value that differs from its market value or its book value, called intrinsic value, which is Prenetics Global'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 Prenetics Global's market value can be influenced by many factors that don't directly affect Prenetics Global'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 Prenetics Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Prenetics Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prenetics Global'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.

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Prenetics Tax Provision vs Total Operating Expenses Analysis

Tax Provision vs Total Operating Expenses

Tax Provision vs Total Operating Expenses Correlation Analysis

Correlation Coefficient

Tax Provision

Total Operating Expenses

Prenetics Global fundamental ratios Correlations

Prenetics Global Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Prenetics Global fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Other Current Liab
Cash	+ 0.99	Total Assets
Cash	+ 0.99	Total Stockholder Equity
Total Liab	+ 0.99	Total Stockholder Equity

Cash And Short Term Investments	- 0.97	Net Debt
Non Currrent Assets Other	- 0.91	Net Debt
Net Debt	- 0.86	Short Long Term Debt Total
Total Current Liabilities	- 0.8	Common Stock
Net Debt	- 0.78	Property Plant And Equipment Net
Property Plant And Equipment Net	- 0.78	Common Stock