Skye Income Tax Expense from 2010 to 2024

SKYE Stock  USD 2.86  0.15  4.98%   
Skye Bioscience,'s Income Tax Expense is increasing over the years with slightly volatile fluctuation. Income Tax Expense is expected to dwindle to 2,816. During the period from 2010 to 2024 Skye Bioscience, Income Tax Expense annual values regression line had geometric mean of  1,969 and mean square error of 1.4 M. View All Fundamentals
 
Income Tax Expense  
First Reported
2010-12-31
Previous Quarter
3.6 K
Current Value
2.8 K
Quarterly Volatility
1.4 K
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Skye Bioscience, financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Skye Bioscience,'s main balance sheet or income statement drivers, such as Interest Expense of 567.6 K, Income Tax Expense of 2.8 K or Tax Provision of 3 K, as well as many indicators such as Price To Sales Ratio of 275, Dividend Yield of 0.0 or Days Sales Outstanding of 29.72. Skye financial statements analysis is a perfect complement when working with Skye Bioscience, Valuation or Volatility modules.
  
Check out the analysis of Skye Bioscience, Correlation against competitors.

Latest Skye Bioscience,'s Income Tax Expense Growth Pattern

Below is the plot of the Income Tax Expense of Skye Bioscience, Common over the last few years. It is Skye Bioscience,'s Income Tax Expense historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Skye Bioscience,'s overall financial position and show how it may be relating to other accounts over time.
Income Tax Expense10 Years Trend
Slightly volatile
   Income Tax Expense   
       Timeline  

Skye Income Tax Expense Regression Statistics

Arithmetic Mean2,193
Geometric Mean1,969
Coefficient Of Variation63.18
Mean Deviation877.00
Median1,600
Standard Deviation1,386
Sample Variance1.9M
Range5.1K
R-Value0.56
Mean Square Error1.4M
R-Squared0.31
Significance0.03
Slope172.36
Total Sum of Squares26.9M

Skye Income Tax Expense History

2024 2816.42
2023 3600.0
2022 6741.0
2021 2100.0
2018 1642.0

About Skye Bioscience, Financial Statements

Skye Bioscience, stakeholders use historical fundamental indicators, such as Skye Bioscience,'s Income Tax Expense, to determine how well the company is positioned to perform in the future. Although Skye Bioscience, investors may analyze each financial statement separately, they are all interrelated. For example, changes in Skye Bioscience,'s assets and liabilities are reflected in the revenues and expenses on Skye Bioscience,'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 Skye Bioscience, Common. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Income Tax Expense3.6 K2.8 K

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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 Skye Bioscience, Common is a strong investment it is important to analyze Skye Bioscience,'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 Skye Bioscience,'s future performance. For an informed investment choice regarding Skye Stock, refer to the following important reports:
Check out the analysis of Skye Bioscience, Correlation against competitors.
You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Is Biotechnology 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 Skye Bioscience,. If investors know Skye 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 Skye Bioscience, listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(3.60)
Return On Assets
(0.30)
Return On Equity
(0.55)
The market value of Skye Bioscience, Common is measured differently than its book value, which is the value of Skye that is recorded on the company's balance sheet. Investors also form their own opinion of Skye Bioscience,'s value that differs from its market value or its book value, called intrinsic value, which is Skye Bioscience,'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 Skye Bioscience,'s market value can be influenced by many factors that don't directly affect Skye Bioscience,'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 Skye Bioscience,'s value and its price as these two are different measures arrived at by different means. Investors typically determine if Skye Bioscience, is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skye Bioscience,'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.