Virgin Income Tax Expense vs Total Other Income Expense Net Analysis

VINO Stock   35.50  0.50  1.39%   
Virgin Wines financial indicator trend analysis is much more than just breaking down Virgin Wines UK prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Virgin Wines UK is a good investment. Please check the relationship between Virgin Wines Income Tax Expense and its Total Other Income Expense Net accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Virgin Wines UK. 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.

Income Tax Expense vs Total Other Income Expense Net

Income Tax Expense vs Total Other Income Expense Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Virgin Wines UK Income Tax Expense account and Total Other Income Expense Net. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Virgin Wines' Income Tax Expense and Total Other Income Expense Net is -0.02. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Total Other Income Expense Net in the same time period over historical financial statements of Virgin Wines UK, assuming nothing else is changed. The correlation between historical values of Virgin Wines' Income Tax Expense and Total Other Income Expense Net 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 Tax Expense of Virgin Wines UK are associated (or correlated) with its Total Other Income Expense Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Other Income Expense Net has no effect on the direction of Income Tax Expense i.e., Virgin Wines' Income Tax Expense and Total Other Income Expense Net go up and down completely randomly.

Correlation Coefficient

-0.02
Relationship DirectionNegative 
Relationship StrengthInsignificant

Income Tax Expense

Total Other Income Expense Net

Most indicators from Virgin Wines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Virgin Wines UK 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 Virgin Wines UK. 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 is likely to gain to about 319 K in 2024, whereas Selling General Administrative is likely to drop slightly above 4.7 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit21.7M17.4M18.8M16.4M
Total Revenue69.2M59.0M59.0M53.4M

Virgin Wines fundamental ratios Correlations

-0.69-0.130.790.840.87-0.910.920.530.970.770.970.53-0.710.85-0.640.850.10.20.990.830.770.910.85-0.81-0.86
-0.690.39-0.32-0.94-0.690.89-0.75-0.12-0.63-0.44-0.630.140.57-0.560.79-0.81-0.080.52-0.71-0.96-0.45-0.86-0.960.960.94
-0.130.390.14-0.44-0.190.28-0.390.63-0.06-0.1-0.06-0.010.26-0.20.33-0.23-0.10.54-0.12-0.34-0.19-0.3-0.350.510.29
0.79-0.320.140.530.74-0.610.620.660.750.820.750.75-0.650.82-0.640.52-0.040.460.720.50.730.570.52-0.47-0.52
0.84-0.94-0.440.530.82-0.950.890.230.760.650.760.18-0.760.78-0.830.870.1-0.330.830.980.680.930.99-0.99-0.95
0.87-0.69-0.190.740.82-0.770.860.310.750.910.750.45-0.660.89-0.80.89-0.16-0.030.80.840.80.840.82-0.8-0.85
-0.910.890.28-0.61-0.95-0.77-0.86-0.42-0.89-0.63-0.89-0.270.71-0.760.72-0.82-0.10.1-0.92-0.94-0.62-0.94-0.960.940.93
0.92-0.75-0.390.620.890.86-0.860.220.850.680.850.39-0.740.8-0.710.870.27-0.080.920.860.810.930.86-0.88-0.89
0.53-0.120.630.660.230.31-0.420.220.570.420.570.43-0.40.42-0.140.29-0.020.630.520.240.320.290.27-0.14-0.24
0.97-0.63-0.060.750.760.75-0.890.850.570.651.00.53-0.610.77-0.520.730.130.290.980.750.640.880.78-0.73-0.8
0.77-0.44-0.10.820.650.91-0.630.680.420.650.650.7-0.70.95-0.680.69-0.310.20.660.640.810.650.64-0.61-0.61
0.97-0.63-0.060.750.760.75-0.890.850.571.00.650.53-0.610.77-0.520.730.130.290.980.750.640.880.78-0.73-0.8
0.530.14-0.010.750.180.45-0.270.390.430.530.70.53-0.490.68-0.160.17-0.110.70.450.090.610.270.13-0.12-0.1
-0.710.570.26-0.65-0.76-0.660.71-0.74-0.4-0.61-0.7-0.61-0.49-0.830.7-0.59-0.260.03-0.66-0.67-0.87-0.68-0.70.690.61
0.85-0.56-0.20.820.780.89-0.760.80.420.770.950.770.68-0.83-0.730.7-0.130.130.770.740.860.80.75-0.73-0.72
-0.640.790.33-0.64-0.83-0.80.72-0.71-0.14-0.52-0.68-0.52-0.160.7-0.73-0.690.010.39-0.59-0.82-0.65-0.72-0.820.810.8
0.85-0.81-0.230.520.870.89-0.820.870.290.730.690.730.17-0.590.7-0.690.01-0.170.830.90.720.830.87-0.87-0.9
0.1-0.08-0.1-0.040.1-0.16-0.10.27-0.020.13-0.310.13-0.11-0.26-0.130.010.01-0.050.20.010.190.110.03-0.07-0.06
0.20.520.540.46-0.33-0.030.1-0.080.630.290.20.290.70.030.130.39-0.17-0.050.18-0.350.12-0.15-0.320.380.3
0.99-0.71-0.120.720.830.8-0.920.920.520.980.660.980.45-0.660.77-0.590.830.20.180.820.710.910.84-0.81-0.86
0.83-0.96-0.340.50.980.84-0.940.860.240.750.640.750.09-0.670.74-0.820.90.01-0.350.820.620.940.99-0.98-0.98
0.77-0.45-0.190.730.680.8-0.620.810.320.640.810.640.61-0.870.86-0.650.720.190.120.710.620.670.62-0.62-0.61
0.91-0.86-0.30.570.930.84-0.940.930.290.880.650.880.27-0.680.8-0.720.830.11-0.150.910.940.670.94-0.92-0.96
0.85-0.96-0.350.520.990.82-0.960.860.270.780.640.780.13-0.70.75-0.820.870.03-0.320.840.990.620.94-0.98-0.97
-0.810.960.51-0.47-0.99-0.80.94-0.88-0.14-0.73-0.61-0.73-0.120.69-0.730.81-0.87-0.070.38-0.81-0.98-0.62-0.92-0.980.95
-0.860.940.29-0.52-0.95-0.850.93-0.89-0.24-0.8-0.61-0.8-0.10.61-0.720.8-0.9-0.060.3-0.86-0.98-0.61-0.96-0.970.95
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Virgin Wines Account Relationship Matchups

Virgin Wines fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets42.1M39.4M41.4M39.6M40.8M34.6M
Short Long Term Debt Total13.7M3.2M3.6M3.3M2.7M2.6M
Other Current Liab8.0M11.6M2.0M2.2M1.7M1.6M
Total Current Liabilities22.4M18.8M15.9M14.7M15.0M15.1M
Total Stockholder Equity6.1M17.6M22.1M21.8M23.3M24.5M
Property Plant And Equipment Net1.6M3.0M3.7M3.3M2.6M1.9M
Net Debt(6.2M)(12.5M)(11.5M)(10.3M)(15.6M)(14.9M)
Retained Earnings5.7M5.1M9.4M8.8M10.2M5.2M
Accounts Payable4.2M4.2M2.8M2.2M2.4M3.2M
Cash19.9M15.7M15.1M13.5M18.4M11.1M
Non Current Assets Total14.7M15.0M15.2M15.1M13.9M15.0M
Cash And Short Term Investments19.9M15.7M15.1M13.5M18.4M11.1M
Net Receivables2.4M535K933K1.0M1.2M1.1M
Liabilities And Stockholders Equity42.1M39.4M41.4M39.6M40.8M34.6M
Non Current Liabilities Total13.6M3.0M3.4M3.1M2.6M2.4M
Inventory5.0M7.2M8.7M8.4M5.9M6.0M
Other Current Assets2.0M1.1M1.6M1.8M2.7M1.5M
Total Liab36.0M21.8M19.3M17.8M17.5M17.5M
Total Current Assets27.4M24.5M26.2M24.5M26.9M19.7M
Intangible Assets1.4M1.2M1.5M1.7M1.5M1.4M
Other Stockholder Equity(5K)12.0M12.0M12.0M12.0M6.6M
Non Currrent Assets Other2.0M1.1M428K496K446.4K424.1K
Capital Lease Obligations1.7M3.2M3.6M3.3M2.7M2.9M
Net Invested Capital18.1M17.6M22.1M21.8M23.3M20.9M
Net Working Capital5.0M5.6M10.3M9.8M12.0M12.6M
Short Term Debt319K489K(1.2M)(1.2M)539K512.1K
Current Deferred Revenue9.9M2.6M12.6M8.2M8.7M7.9M

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