RHI Tax Provision vs Gross Profit Analysis

RHIM Stock

421.45 17.95 4.45%

RHI MAGNESITA financial indicator trend analysis is much more than just breaking down RHI MAGNESITA INDIA prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether RHI MAGNESITA INDIA is a good investment. Please check the relationship between RHI MAGNESITA 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 RHI MAGNESITA INDIA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

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 RHI MAGNESITA INDIA Tax Provision account and Gross Profit. At this time, the significance of the direction appears to have very strong relationship.

The correlation between RHI MAGNESITA's Tax Provision and Gross Profit is 0.82. 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 RHI MAGNESITA INDIA, assuming nothing else is changed. The correlation between historical values of RHI MAGNESITA's 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 RHI MAGNESITA INDIA 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., RHI MAGNESITA's Tax Provision and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

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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 RHI MAGNESITA INDIA minus its cost of goods sold. It is profit before RHI MAGNESITA 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 RHI MAGNESITA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into RHI MAGNESITA INDIA 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 RHI MAGNESITA INDIA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, RHI MAGNESITA's Selling General Administrative is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 13 B in 2025, whereas Tax Provision is likely to drop slightly above 649.9 M in 2025.

	2022	2023	2024	2025 (projected)
Interest Expense	394.7M	641.5M	737.8M	774.6M
Depreciation And Amortization	709.0M	1.9B	2.2B	2.3B

Interest Expense Depreciation And Amortization

RHI MAGNESITA fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Other Current Liab	Property Plant And Equipment Net	Current Deferred Revenue	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Short Term Debt	Short Term Investments	Intangible Assets
Total Assets		0.86	0.98	0.86	0.25	0.94	0.48	0.42	0.65	0.92	0.99	0.72	0.83	0.86	1.0	0.4	0.99	0.25	0.98	0.99	0.98	0.99	0.96	0.6	-0.2	0.98
Total Current Liabilities	0.86		0.74	0.97	0.32	0.9	0.78	0.72	0.52	0.99	0.86	0.62	0.98	0.92	0.82	0.81	0.84	0.23	0.8	0.81	0.83	0.89	0.7	0.91	-0.15	0.8
Total Stockholder Equity	0.98	0.74		0.75	0.21	0.89	0.33	0.27	0.66	0.82	0.96	0.71	0.7	0.77	0.99	0.21	0.98	0.24	0.97	0.99	0.97	0.96	0.99	0.42	-0.2	0.98
Net Debt	0.86	0.97	0.75		0.09	0.83	0.66	0.62	0.44	0.97	0.83	0.57	0.99	0.95	0.82	0.77	0.88	0.24	0.78	0.84	0.8	0.87	0.76	0.9	-0.12	0.85
Retained Earnings	0.25	0.32	0.21	0.09		0.53	0.42	0.44	0.45	0.29	0.4	0.34	0.16	0.17	0.26	0.2	0.14	-0.01	0.39	0.14	0.4	0.33	0.05	0.13	0.02	0.07
Accounts Payable	0.94	0.9	0.89	0.83	0.53		0.62	0.55	0.7	0.93	0.98	0.73	0.82	0.84	0.94	0.51	0.9	0.18	0.96	0.89	0.97	0.97	0.82	0.64	-0.21	0.87
Cash	0.48	0.78	0.33	0.66	0.42	0.62		0.9	0.36	0.72	0.51	0.36	0.77	0.59	0.44	0.83	0.45	-0.08	0.45	0.41	0.46	0.55	0.26	0.82	-0.22	0.39
Cash And Short Term Investments	0.42	0.72	0.27	0.62	0.44	0.55	0.9		0.31	0.66	0.46	0.32	0.73	0.57	0.37	0.79	0.39	0.0	0.39	0.34	0.38	0.47	0.21	0.79	0.21	0.33
Common Stock Shares Outstanding	0.65	0.52	0.66	0.44	0.45	0.7	0.36	0.31		0.56	0.69	0.95	0.44	0.47	0.66	0.14	0.61	0.0	0.7	0.62	0.67	0.66	0.59	0.26	-0.15	0.59
Total Liab	0.92	0.99	0.82	0.97	0.29	0.93	0.72	0.66	0.56		0.91	0.65	0.97	0.94	0.89	0.73	0.91	0.25	0.87	0.88	0.89	0.94	0.79	0.86	-0.17	0.87
Total Current Assets	0.99	0.86	0.96	0.83	0.4	0.98	0.51	0.46	0.69	0.91		0.75	0.8	0.84	0.99	0.41	0.96	0.25	0.99	0.96	1.0	0.99	0.92	0.58	-0.18	0.94
Common Stock	0.72	0.62	0.71	0.57	0.34	0.73	0.36	0.32	0.95	0.65	0.75		0.56	0.55	0.71	0.25	0.69	0.17	0.73	0.69	0.73	0.71	0.66	0.39	-0.11	0.67
Short Long Term Debt Total	0.83	0.98	0.7	0.99	0.16	0.82	0.77	0.73	0.44	0.97	0.8	0.56		0.93	0.78	0.83	0.83	0.2	0.74	0.79	0.77	0.84	0.69	0.94	-0.1	0.8
Other Current Liab	0.86	0.92	0.77	0.95	0.17	0.84	0.59	0.57	0.47	0.94	0.84	0.55	0.93		0.84	0.7	0.87	0.17	0.81	0.84	0.82	0.88	0.76	0.82	-0.08	0.84
Property Plant And Equipment Net	1.0	0.82	0.99	0.82	0.26	0.94	0.44	0.37	0.66	0.89	0.99	0.71	0.78	0.84		0.34	0.99	0.23	0.99	0.99	0.98	0.99	0.97	0.53	-0.23	0.98
Current Deferred Revenue	0.4	0.81	0.21	0.77	0.2	0.51	0.83	0.79	0.14	0.73	0.41	0.25	0.83	0.7	0.34		0.39	0.14	0.32	0.33	0.36	0.46	0.18	0.96	-0.06	0.34
Non Current Assets Total	0.99	0.84	0.98	0.88	0.14	0.9	0.45	0.39	0.61	0.91	0.96	0.69	0.83	0.87	0.99	0.39		0.25	0.96	1.0	0.96	0.98	0.97	0.6	-0.2	1.0
Non Currrent Assets Other	0.25	0.23	0.24	0.24	-0.01	0.18	-0.08	0.0	0.0	0.25	0.25	0.17	0.2	0.17	0.23	0.14	0.25		0.16	0.26	0.26	0.21	0.26	0.15	0.17	0.25
Net Receivables	0.98	0.8	0.97	0.78	0.39	0.96	0.45	0.39	0.7	0.87	0.99	0.73	0.74	0.81	0.99	0.32	0.96	0.16		0.96	0.99	0.98	0.93	0.5	-0.22	0.94
Non Current Liabilities Total	0.99	0.81	0.99	0.84	0.14	0.89	0.41	0.34	0.62	0.88	0.96	0.69	0.79	0.84	0.99	0.33	1.0	0.26	0.96		0.96	0.97	0.98	0.54	-0.22	1.0
Inventory	0.98	0.83	0.97	0.8	0.4	0.97	0.46	0.38	0.67	0.89	1.0	0.73	0.77	0.82	0.98	0.36	0.96	0.26	0.99	0.96		0.98	0.92	0.53	-0.23	0.94
Other Current Assets	0.99	0.89	0.96	0.87	0.33	0.97	0.55	0.47	0.66	0.94	0.99	0.71	0.84	0.88	0.99	0.46	0.98	0.21	0.98	0.97	0.98		0.92	0.63	-0.23	0.96
Other Stockholder Equity	0.96	0.7	0.99	0.76	0.05	0.82	0.26	0.21	0.59	0.79	0.92	0.66	0.69	0.76	0.97	0.18	0.97	0.26	0.93	0.98	0.92	0.92		0.41	-0.19	0.99
Short Term Debt	0.6	0.91	0.42	0.9	0.13	0.64	0.82	0.79	0.26	0.86	0.58	0.39	0.94	0.82	0.53	0.96	0.6	0.15	0.5	0.54	0.53	0.63	0.41		-0.07	0.55
Short Term Investments	-0.2	-0.15	-0.2	-0.12	0.02	-0.21	-0.22	0.21	-0.15	-0.17	-0.18	-0.11	-0.1	-0.08	-0.23	-0.06	-0.2	0.17	-0.22	-0.22	-0.23	-0.23	-0.19	-0.07		-0.2
Intangible Assets	0.98	0.8	0.98	0.85	0.07	0.87	0.39	0.33	0.59	0.87	0.94	0.67	0.8	0.84	0.98	0.34	1.0	0.25	0.94	1.0	0.94	0.96	0.99	0.55	-0.2

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RHI MAGNESITA Account Relationship Matchups

RHI MAGNESITA fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	12.6B	16.7B	58.9B	51.2B	58.8B	61.8B
Total Current Liabilities	3.9B	6.1B	25.3B	8.8B	10.2B	10.7B
Total Stockholder Equity	8.1B	10.3B	28.9B	38.5B	44.2B	46.4B
Net Debt	(930.0M)	25.0M	12.7B	4.4B	5.0B	5.3B
Retained Earnings	6.2B	8.5B	3.4B	2.1B	2.5B	2.6B
Accounts Payable	3.5B	5.3B	8.4B	5.8B	6.7B	7.0B
Cash	1.6B	622.1M	3.2B	500.3M	575.4M	760.2M
Cash And Short Term Investments	1.6B	628.1M	3.3B	507.9M	584.1M	945.7M
Liabilities And Stockholders Equity	12.6B	16.7B	58.9B	51.2B	58.8B	61.8B
Total Liab	4.5B	6.5B	29.1B	12.7B	14.6B	15.3B
Total Current Assets	9.6B	13.4B	25.6B	22.0B	25.3B	26.5B
Short Long Term Debt Total	621.4M	647.1M	15.9B	4.9B	5.6B	5.9B
Other Current Liab	426.0M	90.7M	4.0B	1.7B	1.9B	2.0B
Property Plant And Equipment Net	2.9B	3.1B	9.2B	9.3B	10.6B	11.2B
Current Deferred Revenue	375.8M	418.3M	3.8B	(16.6M)	(19.1M)	(18.1M)
Non Current Assets Total	3.0B	3.4B	33.4B	29.2B	33.5B	35.2B
Non Currrent Assets Other	118.4M	286.5M	325.4M	292.1M	262.9M	276.1M
Net Receivables	4.3B	6.4B	10.4B	10.7B	12.3B	12.9B
Non Current Liabilities Total	626.8M	394.0M	3.8B	3.9B	4.4B	4.7B
Inventory	3.5B	6.1B	9.6B	9.1B	10.4B	10.9B
Other Current Assets	576.8M	787.9M	2.2B	1.7B	2.0B	2.1B
Short Term Debt	7.0M	267.8M	12.6B	1.3B	1.5B	1.2B
Short Term Investments	15M	6M	110.1M	7.6M	6.8M	6.5M
Intangible Assets	36.6M	56.3M	10.9B	10.7B	12.3B	12.9B
Other Liab	7.3M	9.9M	14.7M	556.6M	640.1M	672.1M
Net Tangible Assets	7.0B	8.0B	10.2B	5.2B	5.9B	6.9B
Other Assets	138.1M	198.8M	341.7M	1.0	1.15	1.09
Net Invested Capital	8.7B	10.9B	43.8B	42.1B	48.4B	50.8B
Non Current Liabilities Other	9.9M	14.7M	15.8M	19.1M	21.9M	12.6M
Net Working Capital	5.7B	7.3B	286.2M	13.1B	15.1B	15.9B
Property Plant Equipment	2.4B	2.9B	3.1B	9.2B	10.6B	11.1B
Long Term Debt	598.1M	334.2M	2.4B	2.4B	2.7B	1.4B
Capital Lease Obligations	23.3M	56.6M	966.5M	1.2B	1.4B	1.5B
Property Plant And Equipment Gross	3.7B	4.2B	9.2B	9.2B	10.6B	6.2B
Short Long Term Debt	2.5M	256.2M	12.5B	1.3B	1.4B	1.4B

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RHI Tax Provision vs Gross Profit Analysis

Tax Provision vs Gross Profit

Tax Provision vs Gross Profit Correlation Analysis

Correlation Coefficient

Tax Provision

Gross Profit

RHI MAGNESITA fundamental ratios Correlations

RHI MAGNESITA Account Relationship Matchups

High Positive Relationship

High Negative Relationship

RHI MAGNESITA fundamental ratios Accounts

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Additional Tools for RHI Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Inventory	+ 1.0	Total Current Assets
Non Current Liabilities Total	+ 1.0	Non Current Assets Total
Intangible Assets	+ 1.0	Non Current Assets Total
Intangible Assets	+ 1.0	Non Current Liabilities Total
Total Current Assets	+ 0.99	Total Assets

Short Term Investments	- 0.23	Other Current Assets
Short Term Investments	- 0.23	Inventory
Short Term Investments	- 0.23	Property Plant And Equipment Net
Short Term Investments	- 0.22	Non Current Liabilities Total
Short Term Investments	- 0.22	Net Receivables
Short Term Investments	- 0.22	Cash