Leafly Income Tax Expense vs Gross Profit Analysis
LFLY Stock | USD 1.28 0.02 1.54% |
Leafly Holdings financial indicator trend analysis is infinitely more than just investigating Leafly Holdings recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Leafly Holdings is a good investment. Please check the relationship between Leafly Holdings Income Tax Expense and its Gross Profit accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Leafly Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Leafly Stock please use our How to Invest in Leafly Holdings guide.
Income Tax Expense vs Gross Profit
Income Tax Expense vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Leafly Holdings Income Tax Expense account and Gross Profit. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Leafly Holdings' Income Tax Expense and Gross Profit is -0.52. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Leafly Holdings, assuming nothing else is changed. The correlation between historical values of Leafly Holdings' Income Tax Expense and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Leafly Holdings are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Income Tax Expense i.e., Leafly Holdings' Income Tax Expense and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.52 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Income Tax Expense
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Leafly Holdings minus its cost of goods sold. It is profit before Leafly Holdings operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most indicators from Leafly Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Leafly Holdings 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Leafly Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Leafly Stock please use our How to Invest in Leafly Holdings guide.Selling General Administrative is likely to drop to about 20.8 M in 2024. Sales General And Administrative To Revenue is likely to drop to 0.38 in 2024
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.3M | 2.8M | 2.8M | 1.7M | Depreciation And Amortization | 203K | 449K | 986K | 511.7K |
Leafly Holdings fundamental ratios Correlations
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Leafly Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Leafly Holdings' price analysis, check to measure Leafly Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Leafly Holdings is operating at the current time. Most of Leafly Holdings' value examination focuses on studying past and present price action to predict the probability of Leafly Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Leafly Holdings' price. Additionally, you may evaluate how the addition of Leafly Holdings to your portfolios can decrease your overall portfolio volatility.