RMAX Income Before Tax vs Tax Provision Analysis

RMAX Stock

USD 13.28 0.20 1.48%

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

Income Before Tax vs Tax Provision

Income Before Tax vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Re Max Holding Income Before Tax account and Tax Provision. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Re Max's Income Before Tax and Tax Provision is -0.3. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Re Max Holding, assuming nothing else is changed. The correlation between historical values of Re Max's Income Before Tax and Tax Provision 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 Re Max Holding are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Income Before Tax i.e., Re Max's Income Before Tax and Tax Provision go up and down completely randomly.

Correlation Coefficient

-0.3

Relationship Direction	Negative
Relationship Strength	Insignificant

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Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Re Max income statement and is an important metric when analyzing Re Max Holding 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.

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.

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

At this time, Re Max's Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.57 in 2024, whereas Selling General Administrative is likely to drop slightly above 136.7 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	11.3M	20.9M	35.7M	37.5M
Depreciation And Amortization	293.6M	301.8M	32.4M	30.8M

Interest Expense Depreciation And Amortization

Re Max fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross
Common Stock Shares Outstanding		-0.45	-0.13	-0.27	-0.22	-0.74	-0.92	-0.09	-0.28	0.03	0.25	-0.62	-0.43	-0.19	-0.68	-0.11	-0.62	-0.24	-0.26	-0.91	-0.14	-0.07	-0.23	-0.41	-0.16	-0.09
Total Assets	-0.45		0.86	0.82	0.89	0.81	0.41	0.78	0.89	0.77	0.58	0.71	0.99	0.84	0.51	0.56	0.71	0.92	0.95	0.72	0.87	0.74	0.5	0.78	0.9	0.81
Short Long Term Debt Total	-0.13	0.86		0.76	0.9	0.45	0.08	0.7	0.74	0.97	0.86	0.55	0.82	0.72	0.12	0.78	0.55	0.88	0.92	0.38	0.99	0.59	0.64	0.56	0.99	0.77
Other Current Liab	-0.27	0.82	0.76		0.91	0.59	0.15	0.84	0.76	0.7	0.55	0.55	0.78	0.79	0.47	0.52	0.55	0.9	0.8	0.49	0.74	0.46	0.78	0.64	0.81	0.88
Total Current Liabilities	-0.22	0.89	0.9	0.91		0.58	0.11	0.89	0.81	0.84	0.71	0.63	0.83	0.86	0.39	0.64	0.63	0.96	0.9	0.47	0.87	0.62	0.62	0.64	0.93	0.94
Total Stockholder Equity	-0.74	0.81	0.45	0.59	0.58		0.76	0.5	0.72	0.35	0.03	0.55	0.83	0.53	0.75	0.32	0.55	0.68	0.7	0.94	0.47	0.5	0.32	0.86	0.51	0.5
Other Liab	-0.92	0.41	0.08	0.15	0.11	0.76		-0.06	0.21	-0.04	-0.35	0.46	0.42	0.03	0.65	0.09	0.46	0.18	0.26	0.89	0.12	0.0	0.16	0.56	0.12	-0.04
Property Plant And Equipment Net	-0.09	0.78	0.7	0.84	0.89	0.5	-0.06		0.81	0.64	0.62	0.52	0.75	0.9	0.34	0.37	0.52	0.88	0.75	0.35	0.66	0.74	0.38	0.52	0.74	0.99
Current Deferred Revenue	-0.28	0.89	0.74	0.76	0.81	0.72	0.21	0.81		0.68	0.58	0.53	0.89	0.82	0.38	0.52	0.53	0.9	0.89	0.58	0.72	0.85	0.45	0.73	0.77	0.8
Net Debt	0.03	0.77	0.97	0.7	0.84	0.35	-0.04	0.64	0.68		0.88	0.35	0.75	0.62	-0.01	0.81	0.35	0.84	0.89	0.25	0.96	0.53	0.63	0.52	0.95	0.72
Accounts Payable	0.25	0.58	0.86	0.55	0.71	0.03	-0.35	0.62	0.58	0.88		0.34	0.53	0.61	-0.25	0.69	0.34	0.66	0.68	-0.05	0.84	0.58	0.47	0.21	0.83	0.67
Cash	-0.62	0.71	0.55	0.55	0.63	0.55	0.46	0.52	0.53	0.35	0.34		0.61	0.67	0.54	0.25	1.0	0.53	0.53	0.62	0.57	0.48	0.31	0.42	0.6	0.53
Non Current Assets Total	-0.43	0.99	0.82	0.78	0.83	0.83	0.42	0.75	0.89	0.75	0.53	0.61		0.8	0.49	0.53	0.61	0.9	0.95	0.72	0.84	0.74	0.45	0.81	0.86	0.77
Non Currrent Assets Other	-0.19	0.84	0.72	0.79	0.86	0.53	0.03	0.9	0.82	0.62	0.61	0.67	0.8		0.45	0.29	0.67	0.84	0.78	0.41	0.7	0.81	0.33	0.48	0.77	0.9
Other Assets	-0.68	0.51	0.12	0.47	0.39	0.75	0.65	0.34	0.38	-0.01	-0.25	0.54	0.49	0.45		0.05	0.54	0.41	0.35	0.74	0.13	0.21	0.18	0.57	0.21	0.31
Long Term Debt	-0.11	0.56	0.78	0.52	0.64	0.32	0.09	0.37	0.52	0.81	0.69	0.25	0.53	0.29	0.05		0.25	0.66	0.71	0.31	0.75	0.24	0.69	0.47	0.74	0.43
Cash And Short Term Investments	-0.62	0.71	0.55	0.55	0.63	0.55	0.46	0.52	0.53	0.35	0.34	1.0	0.61	0.67	0.54	0.25		0.53	0.53	0.62	0.57	0.48	0.31	0.42	0.6	0.53
Net Receivables	-0.24	0.92	0.88	0.9	0.96	0.68	0.18	0.88	0.9	0.84	0.66	0.53	0.9	0.84	0.41	0.66	0.53		0.96	0.55	0.84	0.67	0.62	0.75	0.9	0.91
Good Will	-0.26	0.95	0.92	0.8	0.9	0.7	0.26	0.75	0.89	0.89	0.68	0.53	0.95	0.78	0.35	0.71	0.53	0.96		0.58	0.92	0.7	0.57	0.77	0.94	0.8
Common Stock Total Equity	-0.91	0.72	0.38	0.49	0.47	0.94	0.89	0.35	0.58	0.25	-0.05	0.62	0.72	0.41	0.74	0.31	0.62	0.55	0.58		0.39	0.33	0.34	0.7	0.42	0.35
Non Current Liabilities Total	-0.14	0.87	0.99	0.74	0.87	0.47	0.12	0.66	0.72	0.96	0.84	0.57	0.84	0.7	0.13	0.75	0.57	0.84	0.92	0.39		0.59	0.61	0.58	0.99	0.73
Inventory	-0.07	0.74	0.59	0.46	0.62	0.5	0.0	0.74	0.85	0.53	0.58	0.48	0.74	0.81	0.21	0.24	0.48	0.67	0.7	0.33	0.59		-0.01	0.49	0.62	0.7
Other Current Assets	-0.23	0.5	0.64	0.78	0.62	0.32	0.16	0.38	0.45	0.63	0.47	0.31	0.45	0.33	0.18	0.69	0.31	0.62	0.57	0.34	0.61	-0.01		0.43	0.63	0.46
Other Stockholder Equity	-0.41	0.78	0.56	0.64	0.64	0.86	0.56	0.52	0.73	0.52	0.21	0.42	0.81	0.48	0.57	0.47	0.42	0.75	0.77	0.7	0.58	0.49	0.43		0.62	0.54
Total Liab	-0.16	0.9	0.99	0.81	0.93	0.51	0.12	0.74	0.77	0.95	0.83	0.6	0.86	0.77	0.21	0.74	0.6	0.9	0.94	0.42	0.99	0.62	0.63	0.62		0.81
Property Plant And Equipment Gross	-0.09	0.81	0.77	0.88	0.94	0.5	-0.04	0.99	0.8	0.72	0.67	0.53	0.77	0.9	0.31	0.43	0.53	0.91	0.8	0.35	0.73	0.7	0.46	0.54	0.81

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Re Max Account Relationship Matchups

Re Max fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	17.9M	18.3M	18.7M	18.8M	18.1M	15.4M
Total Assets	542.4M	557.4M	776.1M	694.0M	577.2M	503.6M
Short Long Term Debt Total	286.7M	279.5M	504.3M	493.4M	484.0M	322.0M
Other Current Liab	70.6M	81.7M	85.7M	58.3M	89.8M	94.3M
Total Current Liabilities	107.0M	117.2M	146.2M	119.7M	149.3M	84.6M
Total Stockholder Equity	497.9M	517.2M	508.3M	479.9M	411.1M	386.4M
Other Liab	58.0M	56.1M	67.4M	62.2M	71.5M	74.5M
Property Plant And Equipment Net	56.6M	46.8M	49.2M	35.6M	31.6M	20.8M
Current Deferred Revenue	25.7M	25.3M	27.2M	27.8M	23.1M	22.8M
Net Debt	203.7M	178.2M	378.1M	384.7M	401.4M	230.3M
Accounts Payable	3.0M	2.1M	5.2M	6.2M	4.7M	2.9M
Cash	83.0M	101.4M	126.3M	108.7M	82.6M	91.7M
Non Current Assets Total	399.6M	391.0M	565.4M	501M	400.6M	363.4M
Non Currrent Assets Other	9.7M	15.4M	17.6M	10.7M	7.1M	6.9M
Other Assets	64.0M	177.3M	70.7M	62.1M	71.4M	80.4M
Long Term Debt	225.2M	223.0M	221.1M	443.7M	440.0M	273.9M
Cash And Short Term Investments	83.0M	101.4M	126.3M	108.7M	82.6M	91.7M
Net Receivables	29.5M	31.2M	34.6M	32.5M	35.1M	26.0M
Good Will	159.0M	175.8M	269.1M	258.6M	241.2M	156.2M
Liabilities And Stockholders Equity	542.4M	557.4M	776.1M	694.0M	577.2M	503.6M
Non Current Liabilities Total	337.0M	327.5M	560.8M	543.9M	503.9M	390.9M
Other Current Assets	9.6M	13.9M	17.6M	24.5M	58.8M	61.7M
Other Stockholder Equity	436.2M	465.8M	515.4M	535.6M	550.6M	382.2M
Total Liab	444.0M	444.7M	707.1M	663.5M	653.2M	475.6M
Property Plant And Equipment Gross	56.6M	46.8M	58.6M	35.6M	44.8M	22.7M
Total Current Assets	142.8M	166.4M	210.8M	193.0M	176.6M	140.2M
Accumulated Other Comprehensive Income	414K	612K	650K	(395K)	638K	525.2K
Short Term Debt	7.8M	8.1M	17.3M	18.7M	20.4M	11.9M
Intangible Assets	120.0M	102.2M	176.4M	145.9M	120.7M	121.0M
Property Plant Equipment	4.4M	5.4M	7.9M	35.6M	41.0M	43.0M
Net Tangible Assets	218.9M	239.2M	252.5M	76.6M	88.1M	83.7M
Noncontrolling Interest In Consolidated Entity	(402.3M)	(399.5M)	(404.5M)	(416.0M)	(374.4M)	(393.1M)
Retained Earnings	30.5M	25.1M	(7.8M)	(55.3M)	(140.2M)	(133.2M)
Retained Earnings Total Equity	21.1M	30.5M	25.1M	25.6M	29.5M	21.5M
Long Term Debt Total	226.6M	225.2M	223.0M	221.1M	254.3M	239.6M

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RMAX Income Before Tax vs Tax Provision Analysis

Income Before Tax vs Tax Provision

Income Before Tax vs Tax Provision Correlation Analysis

Correlation Coefficient

Income Before Tax

Tax Provision

Re Max fundamental ratios Correlations

Re Max Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Re Max fundamental ratios Accounts

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Additional Tools for RMAX Stock Analysis

COMMON DESTINATIONS

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Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Short Long Term Debt Total
Property Plant And Equipment Gross	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.99	Non Current Liabilities Total

Other Liab	- 0.92	Common Stock Shares Outstanding
Common Stock Total Equity	- 0.91	Common Stock Shares Outstanding
Total Stockholder Equity	- 0.74	Common Stock Shares Outstanding
Other Assets	- 0.68	Common Stock Shares Outstanding
Cash And Short Term Investments	- 0.62	Common Stock Shares Outstanding
Cash	- 0.62	Common Stock Shares Outstanding