SiteOne Tax Provision from 2010 to 2024

SITE Stock  USD 135.63  2.65  1.99%   
SiteOne Landscape's Tax Provision is increasing over the years with slightly volatile fluctuation. Tax Provision is expected to dwindle to about 33.6 M. Tax Provision is the amount set aside by SiteOne Landscape Supply to cover any estimated taxes for the current period. It reflects SiteOne Landscape's expected tax liabilities. View All Fundamentals
 
Tax Provision  
First Reported
2019-03-31
Previous Quarter
40 M
Current Value
15.8 M
Quarterly Volatility
17.6 M
 
Covid
Check SiteOne Landscape financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among SiteOne Landscape's main balance sheet or income statement drivers, such as Depreciation And Amortization of 134.1 M, Interest Expense of 22 M or Total Revenue of 2.5 B, as well as many indicators such as Price To Sales Ratio of 0.98, Dividend Yield of 0.088 or PTB Ratio of 5.22. SiteOne financial statements analysis is a perfect complement when working with SiteOne Landscape Valuation or Volatility modules.
  
Check out the analysis of SiteOne Landscape Correlation against competitors.

Latest SiteOne Landscape's Tax Provision Growth Pattern

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

SiteOne Tax Provision Regression Statistics

Arithmetic Mean27,074,074
Geometric Mean20,958,100
Coefficient Of Variation65.13
Mean Deviation13,245,432
Median19,500,000
Standard Deviation17,632,629
Sample Variance310.9T
Range66.4M
R-Value0.60
Mean Square Error214.9T
R-Squared0.36
Significance0.02
Slope2,359,206
Total Sum of Squares4352.7T

SiteOne Tax Provision History

202433.6 M
202349.8 M
202267.7 M
202156.1 M
202027.5 M
201913.8 M
20181.3 M

About SiteOne Landscape Financial Statements

SiteOne Landscape stakeholders use historical fundamental indicators, such as SiteOne Landscape's Tax Provision, to determine how well the company is positioned to perform in the future. Although SiteOne Landscape investors may analyze each financial statement separately, they are all interrelated. For example, changes in SiteOne Landscape's assets and liabilities are reflected in the revenues and expenses on SiteOne Landscape'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 SiteOne Landscape Supply. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Tax Provision49.8 M33.6 M

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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 SiteOne Landscape Supply is a strong investment it is important to analyze SiteOne Landscape's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SiteOne Landscape's future performance. For an informed investment choice regarding SiteOne Stock, refer to the following important reports:
Check out the analysis of SiteOne Landscape Correlation against competitors.
You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Is Trading Companies & Distributors 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 SiteOne Landscape. If investors know SiteOne 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 SiteOne Landscape 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
(0.22)
Earnings Share
3.11
Revenue Per Share
99.324
Quarterly Revenue Growth
0.056
Return On Assets
0.0452
The market value of SiteOne Landscape Supply is measured differently than its book value, which is the value of SiteOne that is recorded on the company's balance sheet. Investors also form their own opinion of SiteOne Landscape's value that differs from its market value or its book value, called intrinsic value, which is SiteOne Landscape'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 SiteOne Landscape's market value can be influenced by many factors that don't directly affect SiteOne Landscape'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 SiteOne Landscape's value and its price as these two are different measures arrived at by different means. Investors typically determine if SiteOne Landscape is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SiteOne Landscape'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.