EmbedWay Cost Of Revenue vs Tax Provision Analysis

603496 Stock   22.89  0.60  2.69%   
EmbedWay TechCorp financial indicator trend analysis is much more than just examining EmbedWay TechCorp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EmbedWay TechCorp is a good investment. Please check the relationship between EmbedWay TechCorp Cost Of Revenue and its Tax Provision accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in EmbedWay TechCorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Cost Of Revenue vs Tax Provision

Cost Of Revenue vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EmbedWay TechCorp Cost Of Revenue account and Tax Provision. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between EmbedWay TechCorp's Cost Of Revenue and Tax Provision is -0.4. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Tax Provision in the same time period over historical financial statements of EmbedWay TechCorp, assuming nothing else is changed. The correlation between historical values of EmbedWay TechCorp's Cost Of Revenue and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of EmbedWay TechCorp are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Cost Of Revenue i.e., EmbedWay TechCorp's Cost Of Revenue and Tax Provision go up and down completely randomly.

Correlation Coefficient

-0.4
Relationship DirectionNegative 
Relationship StrengthVery Weak

Cost Of Revenue

Cost of Revenue is found on EmbedWay TechCorp income statement and represents the costs associated with goods and services EmbedWay TechCorp provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
Most indicators from EmbedWay TechCorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EmbedWay TechCorp 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in EmbedWay TechCorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
As of January 12, 2025, Selling General Administrative is expected to decline to about 51.5 M. The current year's Tax Provision is expected to grow to about (213.1 K)
 2022 2023 2024 2025 (projected)
Operating Income83.2M117.4M135.0M141.8M
Total Revenue770.5M771.4M887.1M931.5M

EmbedWay TechCorp fundamental ratios Correlations

0.90.960.980.960.960.680.960.960.970.770.970.960.940.790.960.880.890.89-0.560.920.720.940.99-0.780.82
0.90.890.860.820.870.430.820.860.950.560.90.890.780.690.870.750.770.78-0.440.880.670.840.91-0.810.76
0.960.890.890.930.880.550.920.90.920.620.971.00.890.650.850.870.770.81-0.570.980.580.930.98-0.680.87
0.980.860.890.930.980.750.940.960.960.850.920.890.930.870.990.850.940.91-0.530.820.80.90.95-0.830.73
0.960.820.930.930.910.640.930.960.890.760.970.930.970.730.90.940.850.89-0.610.880.580.980.95-0.680.79
0.960.870.880.980.910.710.90.950.960.830.910.880.910.860.960.830.930.91-0.560.810.820.90.94-0.870.72
0.680.430.550.750.640.710.640.70.60.940.580.550.730.850.760.590.80.78-0.530.410.810.590.63-0.730.48
0.960.820.920.940.930.90.640.90.910.710.950.920.910.710.90.880.850.83-0.350.870.60.890.96-0.670.79
0.960.860.90.960.960.950.70.90.920.810.960.90.980.80.930.950.90.93-0.660.850.70.950.95-0.80.77
0.970.950.920.960.890.960.60.910.920.710.920.920.860.810.950.790.880.85-0.480.890.760.870.96-0.830.77
0.770.560.620.850.760.830.940.710.810.710.690.620.820.930.850.690.930.91-0.580.490.840.730.71-0.80.57
0.970.90.970.920.970.910.580.950.960.920.690.960.960.690.890.950.840.88-0.540.930.580.970.97-0.720.84
0.960.891.00.890.930.880.550.920.90.920.620.960.890.650.850.870.770.81-0.560.980.570.930.98-0.670.87
0.940.780.890.930.970.910.730.910.980.860.820.960.890.750.890.970.880.92-0.640.820.640.960.93-0.740.76
0.790.690.650.870.730.860.850.710.80.810.930.690.650.750.90.620.940.9-0.520.550.880.690.74-0.870.64
0.960.870.850.990.90.960.760.90.930.950.850.890.850.890.90.80.930.9-0.510.780.820.870.92-0.850.69
0.880.750.870.850.940.830.590.880.950.790.690.950.870.970.620.80.790.85-0.580.830.460.930.89-0.620.77
0.890.770.770.940.850.930.80.850.90.880.930.840.770.880.940.930.790.98-0.510.690.810.820.86-0.850.76
0.890.780.810.910.890.910.780.830.930.850.910.880.810.920.90.90.850.98-0.620.730.750.890.87-0.830.82
-0.56-0.44-0.57-0.53-0.61-0.56-0.53-0.35-0.66-0.48-0.58-0.54-0.56-0.64-0.52-0.51-0.58-0.51-0.62-0.54-0.48-0.64-0.550.51-0.47
0.920.880.980.820.880.810.410.870.850.890.490.930.980.820.550.780.830.690.73-0.540.460.890.95-0.590.87
0.720.670.580.80.580.820.810.60.70.760.840.580.570.640.880.820.460.810.75-0.480.460.570.67-0.930.43
0.940.840.930.90.980.90.590.890.950.870.730.970.930.960.690.870.930.820.89-0.640.890.570.94-0.690.8
0.990.910.980.950.950.940.630.960.950.960.710.970.980.930.740.920.890.860.87-0.550.950.670.94-0.750.84
-0.78-0.81-0.68-0.83-0.68-0.87-0.73-0.67-0.8-0.83-0.8-0.72-0.67-0.74-0.87-0.85-0.62-0.85-0.830.51-0.59-0.93-0.69-0.75-0.58
0.820.760.870.730.790.720.480.790.770.770.570.840.870.760.640.690.770.760.82-0.470.870.430.80.84-0.58
Click cells to compare fundamentals

EmbedWay TechCorp Account Relationship Matchups

EmbedWay TechCorp fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets1.2B1.6B1.7B2.4B2.8B2.9B
Other Current Liab29.8M16.1M53.5M69.6M80.1M84.1M
Total Current Liabilities352.9M435.5M434.4M1.1B1.2B1.3B
Total Stockholder Equity815.2M1.2B1.3B1.4B1.6B1.6B
Other Liab1.2M3.0M5.2M7.6M8.7M9.1M
Retained Earnings327.5M370.4M447.5M453.4M521.4M547.5M
Accounts Payable195.6M284.2M125.7M149.5M171.9M109.6M
Cash155.1M332.5M301.4M442.6M509.0M534.5M
Other Assets29.6M18.7M57.2M64.7M74.4M78.2M
Net Receivables238.1M228.4M325.5M430.4M494.9M519.7M
Inventory401.9M533.8M450.4M367.0M422.0M242.8M
Other Current Assets21.0M65.8M95.1M123.6M142.2M149.3M
Total Liab356.8M440.9M442.6M1.1B1.2B1.3B
Intangible Assets4.5M16.2M15.5M15.3M17.6M18.5M
Common Stock202.4M200.9M228.0M227.8M262.0M131.0M
Property Plant Equipment156.8M163.2M197.0M233.3M268.3M281.7M
Net Tangible Assets799.8M810.7M1.2B1.3B1.4B894.9M
Non Current Assets Total282.8M417.8M498.7M508.8M585.1M313.4M
Non Current Liabilities Total3.9M5.4M8.2M27.7M31.8M33.4M
Deferred Long Term Liab9.7M12.4M9.7M8.0M9.2M8.5M
Short Long Term Debt90M118M221.4M214.3M246.4M258.7M
Total Current Assets885.7M1.2B1.2B1.9B2.2B2.3B
Common Stock Shares Outstanding201.0M228.0M227.8M320.2M368.2M248.1M
Net Invested Capital906.1M1.3B1.5B1.6B1.8B1.2B
Net Working Capital532.8M761.5M774.6M873.6M1.0B731.8M
Capital Stock200.9M228.0M227.8M320.2M368.2M242.2M
Property Plant And Equipment Net163.2M197.0M233.3M271.4M312.1M224.8M
Property Plant And Equipment Gross188.5M231.3M233.3M327.4M376.5M254.3M

Currently Active Assets on Macroaxis

Other Information on Investing in EmbedWay Stock

Balance Sheet is a snapshot of the financial position of EmbedWay TechCorp at a specified time, usually calculated after every quarter, six months, or one year. EmbedWay TechCorp Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of EmbedWay TechCorp and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which EmbedWay currently owns. An asset can also be divided into two categories, current and non-current.