QIPT Stock | | | USD 2.82 0.08 2.92% |
Quipt Home financial indicator trend analysis is much more than just breaking down Quipt Home Medical prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quipt Home Medical is a good investment. Please check the relationship between Quipt Home Total Revenue and its Tax Provision accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quipt Home Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in american community survey.
Total Revenue vs Tax Provision
Total Revenue vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Quipt Home Medical Total Revenue account and
Tax Provision. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Quipt Home's Total Revenue and Tax Provision is -0.19. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Quipt Home Medical, assuming nothing else is changed. The correlation between historical values of Quipt Home's Total 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 Total Revenue of Quipt Home Medical 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 Total Revenue i.e., Quipt Home's Total Revenue and Tax Provision go up and down completely randomly.
Correlation Coefficient | -0.19 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Revenue
Total revenue comprises all receipts Quipt Home Medical generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
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 Quipt Home's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Quipt Home Medical 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quipt Home Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in american community survey.
At this time, Quipt Home's
Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 80.3
K in 2024, whereas
Enterprise Value Over EBITDA is likely to drop 6.75 in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Total Revenue | 139.9M | 221.7M | 255.0M | 267.8M | Interest Expense | 2.1M | 6.6M | 7.6M | 8.0M |
Quipt Home fundamental ratios Correlations
Click cells to compare fundamentals
Quipt Home Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Quipt Home fundamental ratios Accounts
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Additional Tools for Quipt Stock Analysis
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measure Quipt Home's 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 Quipt Home is operating at the current time. Most of Quipt Home's value examination focuses on studying past and present price action to
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