Dynamatic Tax Provision vs Net Income From Continuing Ops Analysis

DYNAMATECH   8,537  75.75  0.90%   
Dynamatic Technologies financial indicator trend analysis is much more than just examining Dynamatic Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dynamatic Technologies is a good investment. Please check the relationship between Dynamatic Technologies Tax Provision and its Net Income From Continuing Ops accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dynamatic Technologies Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Tax Provision vs Net Income From Continuing Ops

Tax Provision vs Net Income From Continuing Ops Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dynamatic Technologies Tax Provision account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Dynamatic Technologies' Tax Provision and Net Income From Continuing Ops is -0.03. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Dynamatic Technologies Limited, assuming nothing else is changed. The correlation between historical values of Dynamatic Technologies' Tax Provision and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Dynamatic Technologies Limited are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Tax Provision i.e., Dynamatic Technologies' Tax Provision and Net Income From Continuing Ops go up and down completely randomly.

Correlation Coefficient

-0.03
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Net Income From Continuing Ops

Most indicators from Dynamatic Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dynamatic Technologies 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dynamatic Technologies Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
Selling General Administrative is likely to gain to about 343.6 M in 2025, whereas Tax Provision is likely to drop slightly above 66.7 M in 2025.
 2022 2023 2024 2025 (projected)
Gross Profit6.8B7.2B6.5B6.2B
Total Revenue13.2B14.3B12.9B12.2B

Dynamatic Technologies fundamental ratios Correlations

0.89-0.040.890.690.920.850.630.630.490.94-0.180.460.790.760.820.640.930.53-0.060.860.940.60.860.860.35
0.89-0.270.790.490.80.990.460.640.390.82-0.310.40.690.620.830.790.810.31-0.20.860.850.740.810.810.66
-0.04-0.270.16-0.370.01-0.3-0.470.220.060.180.48-0.06-0.33-0.27-0.210.18-0.180.00.490.18-0.25-0.72-0.3-0.31-0.55
0.890.790.160.380.880.730.30.830.60.92-0.160.570.590.50.820.670.810.350.060.940.760.310.720.670.36
0.690.49-0.370.380.570.470.97-0.030.240.48-0.120.260.770.820.49-0.020.720.7-0.220.220.810.680.680.760.09
0.920.80.010.880.570.770.510.710.410.96-0.190.370.640.690.660.610.890.360.060.840.760.460.770.760.21
0.850.99-0.30.730.470.770.470.590.240.78-0.350.250.690.610.770.790.770.26-0.280.820.820.760.760.790.67
0.630.46-0.470.30.970.510.47-0.070.090.41-0.220.130.810.780.44-0.060.690.64-0.350.160.770.730.610.70.13
0.630.640.220.83-0.030.710.59-0.070.430.77-0.270.360.340.290.620.780.63-0.090.180.890.420.110.580.460.28
0.490.390.060.60.240.410.240.090.430.450.090.970.220.250.550.250.460.380.360.490.470.110.510.350.2
0.940.820.180.920.480.960.780.410.770.45-0.110.390.610.650.680.740.870.390.110.920.760.390.760.740.21
-0.18-0.310.48-0.16-0.12-0.19-0.35-0.22-0.270.09-0.110.11-0.47-0.15-0.33-0.16-0.21-0.080.76-0.17-0.22-0.34-0.21-0.22-0.34
0.460.4-0.060.570.260.370.250.130.360.970.390.110.210.210.580.20.440.40.290.450.480.170.480.350.34
0.790.69-0.330.590.770.640.690.810.340.220.61-0.470.210.750.70.330.810.52-0.440.520.870.730.710.730.31
0.760.62-0.270.50.820.690.610.780.290.250.65-0.150.210.750.510.30.840.45-0.040.450.780.660.80.910.1
0.820.83-0.210.820.490.660.770.440.620.550.68-0.330.580.70.510.540.760.42-0.230.770.850.540.770.740.61
0.640.790.180.67-0.020.610.79-0.060.780.250.74-0.160.20.330.30.540.54-0.030.060.890.470.320.520.470.44
0.930.81-0.180.810.720.890.770.690.630.460.87-0.210.440.810.840.760.540.410.030.750.890.640.910.880.25
0.530.310.00.350.70.360.260.64-0.090.380.39-0.080.40.520.450.42-0.030.41-0.270.20.610.330.330.40.04
-0.06-0.20.490.06-0.220.06-0.28-0.350.180.360.110.760.29-0.44-0.04-0.230.060.03-0.270.07-0.22-0.40.02-0.12-0.46
0.860.860.180.940.220.840.820.160.890.490.92-0.170.450.520.450.770.890.750.20.070.690.340.690.640.43
0.940.85-0.250.760.810.760.820.770.420.470.76-0.220.480.870.780.850.470.890.61-0.220.690.730.860.880.45
0.60.74-0.720.310.680.460.760.730.110.110.39-0.340.170.730.660.540.320.640.33-0.40.340.730.660.680.6
0.860.81-0.30.720.680.770.760.610.580.510.76-0.210.480.710.80.770.520.910.330.020.690.860.660.910.38
0.860.81-0.310.670.760.760.790.70.460.350.74-0.220.350.730.910.740.470.880.4-0.120.640.880.680.910.39
0.350.66-0.550.360.090.210.670.130.280.20.21-0.340.340.310.10.610.440.250.04-0.460.430.450.60.380.39
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Dynamatic Technologies Account Relationship Matchups

Dynamatic Technologies fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets14.3B13.9B16.7B15.7B14.2B13.4B
Short Long Term Debt Total7.4B6.9B7.5B5.9B5.3B5.0B
Other Current Liab648.8M604.6M109.6M875.5M788.0M748.6M
Total Current Liabilities5.4B5.6B7.5B5.8B5.2B4.9B
Total Stockholder Equity3.7B3.8B5.4B6.7B6.0B5.7B
Property Plant And Equipment Net5.9B5.7B6.3B6.8B6.1B5.8B
Net Debt7.1B6.7B6.2B5.3B4.8B4.6B
Retained Earnings1.9B2.0B2.7B3.8B3.4B3.3B
Accounts Payable2.0B2.2B2.3B1.9B1.7B1.6B
Cash380.1M172.2M1.4B508.3M457.5M434.6M
Non Current Assets Total7.4B7.3B7.8B8.2B7.4B7.0B
Non Currrent Assets Other17.5M90.7M64.8M20.3M18.3M17.4M
Cash And Short Term Investments380.1M172.2M1.8B508.3M457.5M434.6M
Net Receivables2.0B2.2B2.6B3.0B2.7B2.6B
Short Term Investments225.8M302.6M385.7M226.6M203.9M193.7M
Liabilities And Stockholders Equity14.3B13.9B16.7B15.7B14.2B13.4B
Non Current Liabilities Total5.2B4.4B3.7B3.3B3.0B2.8B
Inventory2.2B2.6B3.0B3.1B2.8B2.6B
Other Current Assets393.1M1.4B4.5B4.0B3.6B2.4B
Other Stockholder Equity(2.0B)(2.4B)1.2B2.3B2.1B2.0B
Total Liab10.6B10.1B11.3B9.0B8.1B7.7B
Total Current Assets6.9B6.6B8.9B7.5B6.8B6.5B
Accumulated Other Comprehensive Income550M539.1M607.8M454.6M522.8M548.9M
Intangible Assets232.2M248.8M244.9M243.4M219.1M208.1M
Good Will1.0B1.0B1.0B939.7M1.1B866.4M
Current Deferred Revenue688.8M577M825.3M146.1M168.0M159.6M
Short Term Debt2.6B2.8B4.2B2.9B3.3B2.6B
Other Liab346.5M362.8M384.6M423.5M381.2M335.1M
Net Tangible Assets2.7B2.7B2.8B4.3B5.0B2.5B
Other Assets428.5M489.6M479.3M556.2M639.6M483.9M
Long Term Debt3.6B3.0B2.3B1.9B1.7B2.7B
Deferred Long Term Liab215M221.9M204.7M199.3M229.2M231.5M
Short Long Term Debt1.5B2.4B3.9B2.6B2.4B2.1B
Property Plant Equipment7.1B5.9B5.7B6.3B7.3B6.8B
Long Term Debt Total4.5B4.8B4.0B3.3B3.0B3.3B
Capital Lease Obligations1.7B1.4B1.4B1.3B1.5B992.5M
Non Current Liabilities Other9.9M9.7M31.3M9.6M11.0M12.3M

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