Hennessy Tax Provision from 2010 to 2024

HNNA Stock  USD 10.28  0.14  1.34%   
Hennessy's Tax Provision is decreasing over the years with slightly volatile fluctuation. Tax Provision is expected to dwindle to about 1.6 M. Tax Provision is the amount set aside by Hennessy Ad to cover any estimated taxes for the current period. It reflects Hennessy's expected tax liabilities. View All Fundamentals
 
Tax Provision  
First Reported
2018-12-31
Previous Quarter
582 K
Current Value
759 K
Quarterly Volatility
259.4 K
 
Covid
Check Hennessy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Hennessy's main balance sheet or income statement drivers, such as Depreciation And Amortization of 251.3 K, Interest Expense of 2.7 M or Total Revenue of 25.2 M, as well as many indicators such as Price To Sales Ratio of 3.38, Dividend Yield of 0.0768 or PTB Ratio of 0.63. Hennessy financial statements analysis is a perfect complement when working with Hennessy Valuation or Volatility modules.
  
Check out the analysis of Hennessy Correlation against competitors.

Latest Hennessy's Tax Provision Growth Pattern

Below is the plot of the Tax Provision of Hennessy Ad over the last few years. It is the amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities. Hennessy's Tax Provision historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Hennessy's overall financial position and show how it may be relating to other accounts over time.
Tax Provision10 Years Trend
Slightly volatile
   Tax Provision   
       Timeline  

Hennessy Tax Provision Regression Statistics

Arithmetic Mean4,899,060
Geometric Mean4,067,715
Coefficient Of Variation56.40
Mean Deviation2,570,211
Median4,244,000
Standard Deviation2,762,998
Sample Variance7.6T
Range6.7M
R-Value(0.89)
Mean Square Error1.7T
R-Squared0.79
Slope(548,678)
Total Sum of Squares106.9T

Hennessy Tax Provision History

20241.6 M
20231.6 M
20221.8 M
20211.8 M
2020M
20193.1 M
20184.2 M

About Hennessy Financial Statements

Hennessy stakeholders use historical fundamental indicators, such as Hennessy's Tax Provision, to determine how well the company is positioned to perform in the future. Although Hennessy investors may analyze each financial statement separately, they are all interrelated. For example, changes in Hennessy's assets and liabilities are reflected in the revenues and expenses on Hennessy's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Hennessy Ad. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Tax Provision1.6 M1.6 M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Hennessy Ad offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Hennessy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Hennessy Ad Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Hennessy Ad Stock:
Check out the analysis of Hennessy Correlation against competitors.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Is Asset Management & Custody Banks 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 Hennessy. If investors know Hennessy 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 Hennessy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.765
Dividend Share
0.553
Earnings Share
0.79
Revenue Per Share
3.543
Quarterly Revenue Growth
0.365
The market value of Hennessy Ad is measured differently than its book value, which is the value of Hennessy that is recorded on the company's balance sheet. Investors also form their own opinion of Hennessy's value that differs from its market value or its book value, called intrinsic value, which is Hennessy'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 Hennessy's market value can be influenced by many factors that don't directly affect Hennessy'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 Hennessy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hennessy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hennessy'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.