Legacy Tax Provision from 2010 to 2024

LEGH Stock  USD 25.75  0.22  0.86%   
Legacy Housing's Tax Provision is increasing with slightly volatile movements from year to year. Tax Provision is predicted to flatten to about 9.4 M. Tax Provision is the amount set aside by Legacy Housing Corp to cover any estimated taxes for the current period. It reflects Legacy Housing's expected tax liabilities. View All Fundamentals
 
Tax Provision  
First Reported
2018-12-31
Previous Quarter
3.6 M
Current Value
3.5 M
Quarterly Volatility
812.4 K
 
Covid
Check Legacy Housing financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Legacy Housing's main balance sheet or income statement drivers, such as Tax Provision of 9.4 M, Net Interest Income of 2.3 M or Interest Income of 3 M, as well as many indicators such as Price To Sales Ratio of 1.86, Dividend Yield of 0.0359 or PTB Ratio of 1.87. Legacy financial statements analysis is a perfect complement when working with Legacy Housing Valuation or Volatility modules.
  
Check out the analysis of Legacy Housing Correlation against competitors.

Latest Legacy Housing's Tax Provision Growth Pattern

Below is the plot of the Tax Provision of Legacy Housing Corp 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. Legacy Housing's Tax Provision historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Legacy Housing'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  

Legacy Tax Provision Regression Statistics

Arithmetic Mean5,232,607
Geometric Mean1,118,531
Coefficient Of Variation111.22
Mean Deviation5,417,447
Median158,000
Standard Deviation5,819,837
Sample Variance33.9T
Range14.3M
R-Value0.88
Mean Square Error8.4T
R-Squared0.77
Significance0.000018
Slope1,141,042
Total Sum of Squares474.2T

Legacy Tax Provision History

20249.4 M
202314.1 M
202214.4 M
202110.8 M
202010.8 M
20198.7 M
20189.1 M

About Legacy Housing Financial Statements

Investors use fundamental indicators, such as Legacy Housing's Tax Provision, to determine how well the company is positioned to perform in the future. Although Legacy Housing's investors may analyze each financial statement separately, they are all interrelated. Understanding these patterns can help investors make the right trading decisions.
Last ReportedProjected for Next Year
Tax Provision14.1 M9.4 M

Currently Active Assets on Macroaxis

When determining whether Legacy Housing Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Legacy Housing'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 Legacy Housing Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Legacy Housing Corp Stock:
Check out the analysis of Legacy Housing Correlation against competitors.
You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Is Household Durables 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 Legacy Housing. If investors know Legacy 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 Legacy Housing listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
2.18
Revenue Per Share
6.744
Quarterly Revenue Growth
(0.11)
Return On Assets
0.0711
Return On Equity
0.1193
The market value of Legacy Housing Corp is measured differently than its book value, which is the value of Legacy that is recorded on the company's balance sheet. Investors also form their own opinion of Legacy Housing's value that differs from its market value or its book value, called intrinsic value, which is Legacy Housing'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 Legacy Housing's market value can be influenced by many factors that don't directly affect Legacy Housing'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 Legacy Housing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Legacy Housing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Legacy Housing'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.