Panoply Net Income vs Income Tax Expense Analysis

TPX Stock

24.50 2.50 9.26%

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

Net Income vs Income Tax Expense

Net Income vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Panoply Holdings Net Income account and Income Tax Expense. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Panoply Holdings' Net Income and Income Tax Expense is 0.96. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of The Panoply Holdings, assuming nothing else is changed. The correlation between historical values of Panoply Holdings' Net Income 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 Net Income of The Panoply Holdings 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 Net Income i.e., Panoply Holdings' Net Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Panoply Holdings financial statement analysis. It represents the amount of money remaining after all of The Panoply Holdings operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Income Tax Expense

Most indicators from Panoply Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Panoply Holdings 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 World Market Map to better understand how to build diversified portfolios, which includes a position in The Panoply Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

At present, Panoply Holdings' Discontinued Operations is projected to increase significantly based on the last few years of reporting.

	2015	2016	2023	2025 (projected)
Gross Profit	3.0M	3.8M	21.2M	3.6M
Total Revenue	10.0M	10.6M	84.3M	10.1M

Gross Profit Total Revenue

Panoply Holdings fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Short Long Term Debt	Non Current Liabilities Other
Total Assets		0.87	0.79	0.95	1.0	0.88	0.88	0.85	-0.79	0.98	0.92	1.0	0.92	0.99	0.79	0.99	-0.93	0.56	0.65	0.99	0.78	0.99	0.52	0.93	-0.03	-0.52
Short Long Term Debt Total	0.87		0.47	0.72	0.88	0.86	0.74	0.93	-0.9	0.86	0.75	0.87	0.75	0.87	0.79	0.91	-0.72	0.44	0.74	0.84	0.79	0.85	0.71	0.88	-0.08	-0.34
Other Current Liab	0.79	0.47		0.92	0.76	0.62	0.77	0.45	-0.46	0.75	0.72	0.8	0.72	0.75	0.39	0.74	-0.92	0.46	0.37	0.84	0.48	0.75	0.43	0.7	0.27	-0.26
Total Current Liabilities	0.95	0.72	0.92		0.93	0.83	0.88	0.72	-0.69	0.93	0.88	0.95	0.88	0.93	0.68	0.93	-0.99	0.48	0.59	0.98	0.73	0.93	0.52	0.85	0.08	-0.46
Total Stockholder Equity	1.0	0.88	0.76	0.93		0.86	0.86	0.86	-0.78	0.97	0.91	1.0	0.91	0.99	0.8	0.98	-0.91	0.6	0.62	0.98	0.77	0.98	0.49	0.94	-0.04	-0.54
Property Plant And Equipment Net	0.88	0.86	0.62	0.83	0.86		0.74	0.87	-0.83	0.89	0.85	0.86	0.85	0.91	0.86	0.9	-0.84	0.42	0.83	0.89	0.95	0.91	0.63	0.73	-0.34	-0.59
Current Deferred Revenue	0.88	0.74	0.77	0.88	0.86	0.74		0.83	-0.81	0.78	0.68	0.89	0.68	0.88	0.67	0.88	-0.86	0.27	0.58	0.9	0.56	0.83	0.38	0.86	0.07	-0.45
Net Debt	0.85	0.93	0.45	0.72	0.86	0.87	0.83		-0.9	0.81	0.68	0.85	0.68	0.89	0.9	0.88	-0.72	0.37	0.71	0.83	0.78	0.85	0.5	0.85	-0.22	-0.53
Retained Earnings	-0.79	-0.9	-0.46	-0.69	-0.78	-0.83	-0.81	-0.9		-0.76	-0.68	-0.79	-0.68	-0.82	-0.7	-0.87	0.66	-0.15	-0.89	-0.81	-0.73	-0.79	-0.61	-0.73	0.19	0.36
Accounts Payable	0.98	0.86	0.75	0.93	0.97	0.89	0.78	0.81	-0.76		0.97	0.97	0.97	0.97	0.78	0.97	-0.91	0.55	0.7	0.97	0.85	0.99	0.58	0.87	-0.07	-0.5
Cash	0.92	0.75	0.72	0.88	0.91	0.85	0.68	0.68	-0.68	0.97		0.9	1.0	0.91	0.71	0.92	-0.85	0.51	0.71	0.92	0.84	0.95	0.48	0.74	-0.19	-0.56
Non Current Assets Total	1.0	0.87	0.8	0.95	1.0	0.86	0.89	0.85	-0.79	0.97	0.9		0.9	0.98	0.77	0.99	-0.94	0.56	0.63	0.99	0.76	0.98	0.53	0.94	0.01	-0.5
Cash And Short Term Investments	0.92	0.75	0.72	0.88	0.91	0.85	0.68	0.68	-0.68	0.97	1.0	0.9		0.91	0.71	0.92	-0.85	0.51	0.71	0.92	0.84	0.95	0.48	0.74	-0.19	-0.56
Net Receivables	0.99	0.87	0.75	0.93	0.99	0.91	0.88	0.89	-0.82	0.97	0.91	0.98	0.91		0.84	0.99	-0.91	0.54	0.69	0.98	0.82	0.99	0.47	0.89	-0.15	-0.6
Common Stock Shares Outstanding	0.79	0.79	0.39	0.68	0.8	0.86	0.67	0.9	-0.7	0.78	0.71	0.77	0.71	0.84		0.79	-0.68	0.42	0.62	0.76	0.84	0.82	0.37	0.72	-0.38	-0.7
Non Current Liabilities Total	0.99	0.91	0.74	0.93	0.98	0.9	0.88	0.88	-0.87	0.97	0.92	0.99	0.92	0.99	0.79		-0.9	0.49	0.75	0.99	0.81	0.98	0.57	0.91	-0.09	-0.51
Inventory	-0.93	-0.72	-0.92	-0.99	-0.91	-0.84	-0.86	-0.72	0.66	-0.91	-0.85	-0.94	-0.85	-0.91	-0.68	-0.9		-0.47	-0.56	-0.96	-0.74	-0.91	-0.58	-0.85	-0.12	0.41
Other Current Assets	0.56	0.44	0.46	0.48	0.6	0.42	0.27	0.37	-0.15	0.55	0.51	0.56	0.51	0.54	0.42	0.49	-0.47		0.0	0.49	0.31	0.55	0.15	0.55	-0.03	-0.29
Other Stockholder Equity	0.65	0.74	0.37	0.59	0.62	0.83	0.58	0.71	-0.89	0.7	0.71	0.63	0.71	0.69	0.62	0.75	-0.56	0.0		0.69	0.82	0.71	0.6	0.46	-0.41	-0.4
Total Liab	0.99	0.84	0.84	0.98	0.98	0.89	0.9	0.83	-0.81	0.97	0.92	0.99	0.92	0.98	0.76	0.99	-0.96	0.49	0.69		0.79	0.98	0.55	0.9	-0.02	-0.5
Property Plant And Equipment Gross	0.78	0.79	0.48	0.73	0.77	0.95	0.56	0.78	-0.73	0.85	0.84	0.76	0.84	0.82	0.84	0.81	-0.74	0.31	0.82	0.79		0.84	0.65	0.62	-0.38	-0.57
Total Current Assets	0.99	0.85	0.75	0.93	0.98	0.91	0.83	0.85	-0.79	0.99	0.95	0.98	0.95	0.99	0.82	0.98	-0.91	0.55	0.71	0.98	0.84		0.49	0.86	-0.17	-0.6
Short Term Debt	0.52	0.71	0.43	0.52	0.49	0.63	0.38	0.5	-0.61	0.58	0.48	0.53	0.48	0.47	0.37	0.57	-0.58	0.15	0.6	0.55	0.65	0.49		0.55	0.22	0.17
Intangible Assets	0.93	0.88	0.7	0.85	0.94	0.73	0.86	0.85	-0.73	0.87	0.74	0.94	0.74	0.89	0.72	0.91	-0.85	0.55	0.46	0.9	0.62	0.86	0.55		0.21	-0.34
Short Long Term Debt	-0.03	-0.08	0.27	0.08	-0.04	-0.34	0.07	-0.22	0.19	-0.07	-0.19	0.01	-0.19	-0.15	-0.38	-0.09	-0.12	-0.03	-0.41	-0.02	-0.38	-0.17	0.22	0.21		0.71
Non Current Liabilities Other	-0.52	-0.34	-0.26	-0.46	-0.54	-0.59	-0.45	-0.53	0.36	-0.5	-0.56	-0.5	-0.56	-0.6	-0.7	-0.51	0.41	-0.29	-0.4	-0.5	-0.57	-0.6	0.17	-0.34	0.71

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Panoply Holdings Account Relationship Matchups

Panoply Holdings fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	60.4M	104.5M	125.7M	115.1M	82.9M	4.0M
Other Current Liab	12.5M	10.2M	9.5M	4.7M	2.9M	741K
Total Current Liabilities	20.1M	21.8M	21.2M	17.4M	14.5M	1.8M
Total Stockholder Equity	27.3M	60.7M	78.7M	66.7M	47.8M	2.1M
Property Plant And Equipment Net	1.3M	737K	1.6M	1.9M	1.8M	327.8K
Current Deferred Revenue	4.5M	7.3M	4.5M	7.7M	1.8M	843.6K
Net Debt	1.4M	7.7M	11.4M	19.0M	8.8M	(1.5M)
Retained Earnings	(5.2M)	(7.6M)	(6.0M)	(25.4M)	(9.1M)	2.3M
Accounts Payable	2.6M	4.0M	5.2M	4.5M	4.9M	153.0K
Cash	4.6M	5.7M	7.9M	6.8M	8.9M	1.5M
Non Current Assets Total	45.6M	83.4M	96.3M	87.2M	58.9M	345.8K
Cash And Short Term Investments	4.6M	5.7M	7.9M	6.8M	8.9M	1.5M
Net Receivables	9.9M	14.8M	20.2M	20.3M	14.0M	2.1M
Common Stock Shares Outstanding	48.2M	63.8M	88.0M	90.2M	90.4M	63.6M
Liabilities And Stockholders Equity	60.4M	104.5M	125.7M	115.1M	82.9M	4.0M
Non Current Liabilities Total	13.0M	22.0M	25.8M	31.0M	20.6M	42.8K
Other Current Assets	335K	470K	21.5M	828K	1.1M	89.3K
Other Stockholder Equity	31.5M	5.7M	6.2M	79.0M	56.0M	150.1K
Total Liab	33.2M	43.8M	47.0M	48.4M	35.1M	1.9M
Property Plant And Equipment Gross	1.3M	737K	1.6M	1.9M	2.9M	327.8K
Total Current Assets	14.8M	21.0M	29.4M	27.9M	24.0M	3.7M
Accumulated Other Comprehensive Income	439K	801K	1.0M	(57.0K)	15K	(109.3K)
Short Term Debt	638K	391K	436K	564K	714K	3.8K
Intangible Assets	8.6M	29.4M	28.5M	23.5M	14.2M	18.1K
Net Tangible Assets	(17.0M)	(22.0M)	(16.0M)	(16.3M)	(14.6M)	(15.4M)
Good Will	53.3M	66.2M	59.5M	40.2M	46.2M	43.3M
Net Invested Capital	73.7M	96.7M	91.0M	63.9M	73.5M	59.2M
Net Working Capital	(788K)	8.2M	10.5M	9.5M	11.0M	11.5M
Common Stock	804K	874K	919K	922K	1.1M	706.1K
Other Liab	7.6M	9.0M	6.7M	5.8M	5.2M	6.1M
Capital Stock	804K	874K	919K	922K	1.1M	823.7K
Property Plant Equipment	1.3M	737K	1.6M	1.9M	2.2M	1.3M
Long Term Debt	13M	18M	24.3M	16.1M	18.5M	16.8M

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Balance Sheet is a snapshot of the financial position of Panoply Holdings at a specified time, usually calculated after every quarter, six months, or one year. Panoply Holdings Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Panoply Holdings and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Panoply currently owns. An asset can also be divided into two categories, current and non-current.

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Panoply Net Income vs Income Tax Expense Analysis

Net Income vs Income Tax Expense

Net Income vs Income Tax Expense Correlation Analysis

Correlation Coefficient

Net Income

Income Tax Expense

Panoply Holdings fundamental ratios Correlations

Panoply Holdings Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Panoply Holdings fundamental ratios Accounts

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Other Information on Investing in Panoply Stock

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Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Net Receivables	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Total Assets

Inventory	- 0.99	Total Current Liabilities
Total Liab	- 0.96	Inventory
Inventory	- 0.94	Non Current Assets Total
Inventory	- 0.93	Total Assets
Inventory	- 0.92	Other Current Liab
Total Current Assets	- 0.91	Inventory