Teamlease Income Before Tax vs Tax Provision Analysis

TEAMLEASE

2,050 0.35 0.02%

Teamlease Services financial indicator trend analysis is much more than just breaking down Teamlease Services prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Teamlease Services is a good investment. Please check the relationship between Teamlease Services Income Before Tax and its Tax Provision accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Teamlease Services 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 bureau of economic analysis.

Income Before Tax vs Tax Provision

Income Before Tax vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Teamlease Services Income Before Tax account and Tax Provision. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Teamlease Services' Income Before Tax and Tax Provision is -0.61. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Teamlease Services Limited, assuming nothing else is changed. The correlation between historical values of Teamlease Services' Income Before Tax 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 Income Before Tax of Teamlease Services Limited 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 Income Before Tax i.e., Teamlease Services' Income Before Tax and Tax Provision go up and down completely randomly.

Correlation Coefficient

-0.61

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Teamlease Services income statement and is an important metric when analyzing Teamlease Services profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

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 Teamlease Services' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Teamlease Services 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Teamlease Services 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 bureau of economic analysis.

The current year's Selling General Administrative is expected to grow to about 1 B, whereas Tax Provision is forecasted to decline to about 33.7 M.

	2022	2023	2024	2025 (projected)
Gross Profit	3.0B	3.2B	3.7B	3.5B
Total Revenue	78.7B	93.2B	107.2B	112.6B

Gross Profit Total Revenue

Teamlease Services fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Other Liab
Total Assets		0.85	1.0	1.0	0.9	0.93	-0.11	1.0	0.98	0.63	0.88	0.85	0.78	1.0	0.86	0.82	0.98	0.19	0.41	0.43	1.0	0.99	0.57	0.82	0.74	0.99
Short Long Term Debt Total	0.85		0.85	0.87	0.72	0.95	0.23	0.85	0.89	0.44	0.77	0.7	0.57	0.86	0.67	0.64	0.9	0.17	0.11	0.2	0.88	0.82	0.87	0.74	0.49	0.85
Other Current Liab	1.0	0.85		1.0	0.89	0.91	-0.07	0.99	0.99	0.58	0.87	0.84	0.75	1.0	0.84	0.83	0.97	0.16	0.43	0.41	0.99	0.98	0.55	0.78	0.73	0.98
Total Current Liabilities	1.0	0.87	1.0		0.88	0.93	-0.09	0.99	0.99	0.61	0.86	0.82	0.75	1.0	0.83	0.82	0.98	0.17	0.39	0.36	1.0	0.98	0.59	0.8	0.7	0.98
Total Stockholder Equity	0.9	0.72	0.89	0.88		0.79	-0.16	0.89	0.85	0.69	0.96	0.95	0.85	0.89	0.96	0.76	0.87	0.29	0.48	0.52	0.88	0.88	0.45	0.91	0.85	0.9
Property Plant And Equipment Net	0.93	0.95	0.91	0.93	0.79		0.0	0.93	0.94	0.6	0.79	0.74	0.74	0.93	0.72	0.69	0.97	0.05	0.18	0.2	0.94	0.92	0.73	0.76	0.51	0.93
Net Debt	-0.11	0.23	-0.07	-0.09	-0.16	0.0		-0.14	-0.04	-0.73	-0.01	0.05	-0.33	-0.11	-0.19	0.02	-0.1	-0.16	0.03	-0.11	-0.09	-0.18	0.33	-0.25	-0.05	-0.17
Retained Earnings	1.0	0.85	0.99	0.99	0.89	0.93	-0.14		0.99	0.65	0.86	0.83	0.79	0.99	0.84	0.83	0.99	0.16	0.39	0.37	0.99	0.99	0.56	0.81	0.7	0.99
Accounts Payable	0.98	0.89	0.99	0.99	0.85	0.94	-0.04	0.99		0.59	0.85	0.79	0.71	0.99	0.8	0.81	0.98	0.18	0.34	0.29	0.99	0.97	0.63	0.78	0.65	0.97
Cash	0.63	0.44	0.58	0.61	0.69	0.6	-0.73	0.65	0.59		0.59	0.47	0.74	0.63	0.68	0.39	0.65	0.3	0.05	0.19	0.62	0.66	0.28	0.78	0.4	0.68
Non Current Assets Total	0.88	0.77	0.87	0.86	0.96	0.79	-0.01	0.86	0.85	0.59		0.93	0.71	0.86	0.96	0.76	0.84	0.34	0.48	0.47	0.86	0.81	0.5	0.9	0.8	0.86
Non Currrent Assets Other	0.85	0.7	0.84	0.82	0.95	0.74	0.05	0.83	0.79	0.47	0.93		0.8	0.83	0.89	0.74	0.81	0.22	0.5	0.61	0.82	0.81	0.42	0.83	0.89	0.83
Cash And Short Term Investments	0.78	0.57	0.75	0.75	0.85	0.74	-0.33	0.79	0.71	0.74	0.71	0.8		0.76	0.72	0.58	0.8	-0.02	0.3	0.32	0.76	0.83	0.32	0.73	0.65	0.81
Net Receivables	1.0	0.86	1.0	1.0	0.89	0.93	-0.11	0.99	0.99	0.63	0.86	0.83	0.76		0.84	0.82	0.98	0.2	0.4	0.39	1.0	0.99	0.59	0.81	0.71	0.99
Good Will	0.86	0.67	0.84	0.83	0.96	0.72	-0.19	0.84	0.8	0.68	0.96	0.89	0.72	0.84		0.75	0.8	0.41	0.54	0.57	0.83	0.8	0.41	0.93	0.83	0.85
Common Stock Shares Outstanding	0.82	0.64	0.83	0.82	0.76	0.69	0.02	0.83	0.81	0.39	0.76	0.74	0.58	0.82	0.75		0.77	0.12	0.56	0.35	0.81	0.79	0.38	0.64	0.66	0.79
Non Current Liabilities Total	0.98	0.9	0.97	0.98	0.87	0.97	-0.1	0.99	0.98	0.65	0.84	0.81	0.8	0.98	0.8	0.77		0.14	0.3	0.32	0.99	0.98	0.65	0.81	0.63	0.99
Inventory	0.19	0.17	0.16	0.17	0.29	0.05	-0.16	0.16	0.18	0.3	0.34	0.22	-0.02	0.2	0.41	0.12	0.14		-0.14	0.39	0.16	0.13	0.32	0.53	0.29	0.23
Other Current Assets	0.41	0.11	0.43	0.39	0.48	0.18	0.03	0.39	0.34	0.05	0.48	0.5	0.3	0.4	0.54	0.56	0.3	-0.14		0.5	0.38	0.37	-0.22	0.24	0.66	0.34
Other Stockholder Equity	0.43	0.2	0.41	0.36	0.52	0.2	-0.11	0.37	0.29	0.19	0.47	0.61	0.32	0.39	0.57	0.35	0.32	0.39	0.5		0.36	0.37	0.04	0.48	0.8	0.4
Total Liab	1.0	0.88	0.99	1.0	0.88	0.94	-0.09	0.99	0.99	0.62	0.86	0.82	0.76	1.0	0.83	0.81	0.99	0.16	0.38	0.36		0.99	0.6	0.8	0.69	0.99
Total Current Assets	0.99	0.82	0.98	0.98	0.88	0.92	-0.18	0.99	0.97	0.66	0.81	0.81	0.83	0.99	0.8	0.79	0.98	0.13	0.37	0.37	0.99		0.55	0.78	0.7	0.99
Short Term Debt	0.57	0.87	0.55	0.59	0.45	0.73	0.33	0.56	0.63	0.28	0.5	0.42	0.32	0.59	0.41	0.38	0.65	0.32	-0.22	0.04	0.6	0.55		0.56	0.25	0.59
Intangible Assets	0.82	0.74	0.78	0.8	0.91	0.76	-0.25	0.81	0.78	0.78	0.9	0.83	0.73	0.81	0.93	0.64	0.81	0.53	0.24	0.48	0.8	0.78	0.56		0.7	0.85
Common Stock	0.74	0.49	0.73	0.7	0.85	0.51	-0.05	0.7	0.65	0.4	0.8	0.89	0.65	0.71	0.83	0.66	0.63	0.29	0.66	0.8	0.69	0.7	0.25	0.7		0.69
Other Liab	0.99	0.85	0.98	0.98	0.9	0.93	-0.17	0.99	0.97	0.68	0.86	0.83	0.81	0.99	0.85	0.79	0.99	0.23	0.34	0.4	0.99	0.99	0.59	0.85	0.69

Click cells to compare fundamentals

Teamlease Services Account Relationship Matchups

Teamlease Services fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	13.1B	15.4B	17.7B	19.4B	22.3B	23.4B
Short Long Term Debt Total	228.5M	598.3M	1.0B	1.0B	1.2B	1.3B
Other Current Liab	3.9B	4.9B	5.5B	6.5B	7.5B	7.9B
Total Current Liabilities	5.5B	6.9B	7.6B	9.3B	10.7B	11.3B
Total Stockholder Equity	6.5B	6.9B	8.1B	8.0B	9.2B	5.1B
Property Plant And Equipment Net	317.8M	401.4M	878.0M	801.9M	922.2M	968.3M
Net Debt	(2.4B)	(1.2B)	(493.3M)	(630.9M)	(567.8M)	(596.2M)
Retained Earnings	3.9B	4.2B	5.4B	6.3B	7.2B	7.6B
Accounts Payable	287.8M	419.2M	447.9M	616.6M	709.1M	744.5M
Cash	2.6B	1.8B	1.5B	1.7B	1.9B	1.1B
Non Current Assets Total	4.8B	5.5B	6.7B	7.1B	8.2B	4.2B
Non Currrent Assets Other	3.3B	3.9B	6.0B	4.6B	5.3B	3.4B
Cash And Short Term Investments	3.6B	3.1B	5.3B	4.2B	4.8B	2.5B
Net Receivables	4.1B	5.4B	5.5B	6.7B	7.7B	8.0B
Good Will	1.6B	1.8B	1.7B	1.7B	2.0B	1.1B
Common Stock Shares Outstanding	17.1M	17.1M	17.1M	16.8M	19.4M	18.3M
Liabilities And Stockholders Equity	13.1B	15.4B	17.7B	19.4B	22.3B	23.4B
Non Current Liabilities Total	1.1B	1.4B	1.9B	1.9B	2.2B	2.3B
Inventory	601.5M	1.3B	(168.7M)	1.0	1.15	1.09
Other Current Assets	776.4M	1.0B	1.1B	1.4B	1.6B	1.2B
Other Stockholder Equity	2.5B	2.5B	2.5B	1.5B	1.7B	2.3B
Total Liab	6.5B	8.3B	9.5B	11.3B	12.9B	13.6B
Total Current Assets	8.3B	9.9B	11.0B	12.2B	14.1B	14.8B
Accumulated Other Comprehensive Income	18.8M	35.8M	40.9M	26.3M	30.2M	31.8M
Short Term Debt	83.7M	380.5M	395.8M	525M	603.8M	633.9M
Intangible Assets	608.1M	665.9M	591.7M	506.1M	582.0M	329.9M
Other Liab	769.6M	924.7M	1.2B	1.3B	1.5B	1.6B
Net Tangible Assets	3.9B	3.5B	4.1B	4.5B	5.2B	3.3B
Other Assets	3.9B	1.9B	2.7B	1.2B	1.4B	2.0B
Short Long Term Debt	138K	276.7M	193.4M	305.2M	351.0M	218.7M
Property Plant Equipment	535.3M	317.8M	401.4M	878.0M	1.0B	1.1B
Current Deferred Revenue	4.7B	5.6B	4.0B	2.8B	3.2B	3.6B
Short Term Investments	1.0B	1.4B	3.8B	1.9B	2.2B	1.6B
Long Term Debt Total	322.2M	144.8M	217.8M	605.4M	696.2M	731.0M
Net Invested Capital	6.5B	7.2B	8.3B	8.3B	9.5B	7.3B

Also Currently Popular

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.

CSX	CSX Corporation
ETON	Eton Pharmaceuticals
ALLT	Allot Communications

Other Information on Investing in Teamlease Stock

Balance Sheet is a snapshot of the financial position of Teamlease Services at a specified time, usually calculated after every quarter, six months, or one year. Teamlease Services Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Teamlease Services 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 Teamlease currently owns. An asset can also be divided into two categories, current and non-current.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Teamlease Income Before Tax vs Tax Provision Analysis

Income Before Tax vs Tax Provision

Income Before Tax vs Tax Provision Correlation Analysis

Correlation Coefficient

Income Before Tax

Tax Provision

Teamlease Services fundamental ratios Correlations

Teamlease Services Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Teamlease Services fundamental ratios Accounts

Also Currently Popular

Other Information on Investing in Teamlease Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Current Liab	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Assets
Net Receivables	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Other Current Liab

Cash	- 0.73	Net Debt
Cash And Short Term Investments	- 0.33	Net Debt
Intangible Assets	- 0.25	Net Debt
Short Term Debt	- 0.22	Other Current Assets
Good Will	- 0.19	Net Debt
Total Current Assets	- 0.18	Net Debt