Titan Tax Provision vs Gross Profit Analysis

TITAN Stock

3,249 36.65 1.14%

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

Tax Provision vs Gross Profit

Tax Provision vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Titan Limited Tax Provision account and Gross Profit. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Titan Company's Tax Provision and Gross Profit is 0.82. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Titan Company Limited, assuming nothing else is changed. The correlation between historical values of Titan Company's Tax Provision 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 Tax Provision of Titan Company Limited 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 Tax Provision i.e., Titan Company's Tax Provision and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

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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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Titan Company Limited minus its cost of goods sold. It is profit before Titan Company 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 Titan Company's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Titan Limited 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 Titan Company 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 board of governors.

As of the 2nd of December 2024, Selling General Administrative is likely to grow to about 3.2 B, while Tax Provision is likely to drop about 6.6 B.

	2021	2022	2023	2024 (projected)
Interest Expense	2.2B	3B	6.2B	6.5B
Depreciation And Amortization	4.0B	4.4B	5.8B	6.1B

Interest Expense Depreciation And Amortization

Titan Company 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	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Term Debt	Intangible Assets	Current Deferred Revenue	Other Liab
Total Assets		0.97	0.94	0.99	0.93	0.98	0.97	0.95	0.01	-0.23	0.99	0.87	0.79	0.95	0.61	0.89	1.0	0.93	0.09	0.98	1.0	0.44	0.98	0.81	-0.45	0.86
Short Long Term Debt Total	0.97		0.92	0.98	0.84	0.95	1.0	0.88	-0.03	-0.23	0.96	0.8	0.75	0.98	0.6	0.96	0.96	0.91	0.11	0.99	0.97	0.42	0.98	0.76	-0.35	0.79
Other Current Liab	0.94	0.92		0.92	0.87	0.94	0.92	0.91	-0.01	-0.28	0.94	0.83	0.7	0.94	0.57	0.85	0.93	0.81	0.15	0.92	0.93	0.41	0.91	0.77	-0.49	0.82
Total Current Liabilities	0.99	0.98	0.92		0.89	0.95	0.97	0.93	0.07	-0.14	0.97	0.85	0.8	0.95	0.63	0.91	0.99	0.93	0.06	0.99	1.0	0.45	0.96	0.77	-0.38	0.82
Total Stockholder Equity	0.93	0.84	0.87	0.89		0.94	0.84	0.97	-0.06	-0.35	0.93	0.88	0.74	0.83	0.48	0.68	0.93	0.87	0.14	0.85	0.93	0.36	0.9	0.86	-0.57	0.91
Property Plant And Equipment Net	0.98	0.95	0.94	0.95	0.94		0.95	0.93	-0.08	-0.34	1.0	0.86	0.74	0.93	0.59	0.87	0.97	0.86	0.18	0.95	0.97	0.42	0.96	0.86	-0.52	0.87
Net Debt	0.97	1.0	0.92	0.97	0.84	0.95		0.89	-0.06	-0.29	0.97	0.8	0.74	0.98	0.58	0.96	0.96	0.91	0.12	0.99	0.97	0.41	0.98	0.76	-0.38	0.8
Retained Earnings	0.95	0.88	0.91	0.93	0.97	0.93	0.89		-0.03	-0.32	0.93	0.82	0.79	0.86	0.46	0.74	0.95	0.9	0.14	0.89	0.95	0.34	0.93	0.79	-0.47	0.9
Accounts Payable	0.01	-0.03	-0.01	0.07	-0.06	-0.08	-0.06	-0.03		0.41	-0.08	-0.13	0.01	-0.07	0.2	-0.01	0.05	0.02	-0.25	0.05	0.03	0.33	-0.12	-0.39	-0.08	-0.04
Cash	-0.23	-0.23	-0.28	-0.14	-0.35	-0.34	-0.29	-0.32	0.41		-0.31	-0.21	0.01	-0.27	0.12	-0.18	-0.22	-0.26	-0.13	-0.15	-0.21	0.12	-0.35	-0.33	0.59	-0.41
Non Current Assets Total	0.99	0.96	0.94	0.97	0.93	1.0	0.97	0.93	-0.08	-0.31		0.88	0.74	0.95	0.6	0.89	0.98	0.89	0.16	0.97	0.98	0.43	0.97	0.86	-0.5	0.86
Non Currrent Assets Other	0.87	0.8	0.83	0.85	0.88	0.86	0.8	0.82	-0.13	-0.21	0.88		0.69	0.85	0.55	0.71	0.86	0.8	0.01	0.82	0.87	0.4	0.84	0.89	-0.62	0.76
Cash And Short Term Investments	0.79	0.75	0.7	0.8	0.74	0.74	0.74	0.79	0.01	0.01	0.74	0.69		0.68	0.44	0.65	0.75	0.71	-0.06	0.77	0.8	0.33	0.76	0.61	-0.29	0.6
Net Receivables	0.95	0.98	0.94	0.95	0.83	0.93	0.98	0.86	-0.07	-0.27	0.95	0.85	0.68		0.61	0.94	0.95	0.9	0.1	0.97	0.95	0.43	0.96	0.79	-0.43	0.79
Common Stock Shares Outstanding	0.61	0.6	0.57	0.63	0.48	0.59	0.58	0.46	0.2	0.12	0.6	0.55	0.44	0.61		0.63	0.61	0.49	0.0	0.64	0.61	-0.03	0.54	0.42	-0.32	0.2
Non Current Liabilities Total	0.89	0.96	0.85	0.91	0.68	0.87	0.96	0.74	-0.01	-0.18	0.89	0.71	0.65	0.94	0.63		0.88	0.8	0.07	0.95	0.89	0.42	0.9	0.66	-0.3	0.65
Inventory	1.0	0.96	0.93	0.99	0.93	0.97	0.96	0.95	0.05	-0.22	0.98	0.86	0.75	0.95	0.61	0.88		0.93	0.09	0.98	1.0	0.44	0.97	0.79	-0.45	0.86
Other Current Assets	0.93	0.91	0.81	0.93	0.87	0.86	0.91	0.9	0.02	-0.26	0.89	0.8	0.71	0.9	0.49	0.8	0.93		0.0	0.91	0.94	0.35	0.93	0.75	-0.35	0.83
Other Stockholder Equity	0.09	0.11	0.15	0.06	0.14	0.18	0.12	0.14	-0.25	-0.13	0.16	0.01	-0.06	0.1	0.0	0.07	0.09	0.0		0.06	0.08	-0.01	0.04	0.28	0.14	0.09
Total Liab	0.98	0.99	0.92	0.99	0.85	0.95	0.99	0.89	0.05	-0.15	0.97	0.82	0.77	0.97	0.64	0.95	0.98	0.91	0.06		0.98	0.45	0.97	0.75	-0.37	0.79
Total Current Assets	1.0	0.97	0.93	1.0	0.93	0.97	0.97	0.95	0.03	-0.21	0.98	0.87	0.8	0.95	0.61	0.89	1.0	0.94	0.08	0.98		0.44	0.97	0.8	-0.44	0.86
Common Stock	0.44	0.42	0.41	0.45	0.36	0.42	0.41	0.34	0.33	0.12	0.43	0.4	0.33	0.43	-0.03	0.42	0.44	0.35	-0.01	0.45	0.44		0.38	0.3	-0.18	0.57
Short Term Debt	0.98	0.98	0.91	0.96	0.9	0.96	0.98	0.93	-0.12	-0.35	0.97	0.84	0.76	0.96	0.54	0.9	0.97	0.93	0.04	0.97	0.97	0.38		0.8	-0.44	0.85
Intangible Assets	0.81	0.76	0.77	0.77	0.86	0.86	0.76	0.79	-0.39	-0.33	0.86	0.89	0.61	0.79	0.42	0.66	0.79	0.75	0.28	0.75	0.8	0.3	0.8		-0.46	0.78
Current Deferred Revenue	-0.45	-0.35	-0.49	-0.38	-0.57	-0.52	-0.38	-0.47	-0.08	0.59	-0.5	-0.62	-0.29	-0.43	-0.32	-0.3	-0.45	-0.35	0.14	-0.37	-0.44	-0.18	-0.44	-0.46		-0.47
Other Liab	0.86	0.79	0.82	0.82	0.91	0.87	0.8	0.9	-0.04	-0.41	0.86	0.76	0.6	0.79	0.2	0.65	0.86	0.83	0.09	0.79	0.86	0.57	0.85	0.78	-0.47

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Titan Company Account Relationship Matchups

Titan Company fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	135.5B	164.5B	211.9B	270.2B	315.5B	331.3B
Short Long Term Debt Total	35.6B	56.4B	72.8B	93.7B	155.3B	163.0B
Other Current Liab	25.1B	17.0B	23.9B	33.3B	38.6B	40.5B
Total Current Liabilities	56.3B	77.1B	105.1B	132.6B	165.3B	173.6B
Total Stockholder Equity	66.7B	75.0B	93.0B	118.5B	93.9B	98.6B
Property Plant And Equipment Net	22.3B	21.5B	22.6B	27.6B	33.7B	35.4B
Net Debt	34.9B	54.6B	70.6B	91.4B	151.2B	158.7B
Retained Earnings	35.9B	42.1B	60.3B	86.1B	64.2B	67.4B
Accounts Payable	6.0B	7.9B	12.9B	12.1B	14.1B	10.9B
Cash	754.9M	1.8B	2.2B	2.3B	4.1B	3.9B
Non Current Assets Total	34.3B	32.6B	37.4B	46.2B	59.4B	62.4B
Non Currrent Assets Other	6.0B	6.0B	6.5B	9.7B	10.7B	11.2B
Cash And Short Term Investments	4.0B	31.6B	7.3B	37.1B	27.3B	28.7B
Net Receivables	4.4B	4.9B	6.9B	7.2B	12.5B	13.1B
Liabilities And Stockholders Equity	135.5B	164.5B	211.9B	270.2B	315.5B	331.3B
Non Current Liabilities Total	12.5B	12.4B	13.5B	18.6B	56.3B	59.1B
Inventory	81.0B	84.1B	136.1B	165.8B	190.5B	200.0B
Other Current Assets	1.3B	13.0B	25.0B	22.7B	26.5B	27.8B
Other Stockholder Equity	1.4B	32.1B	1.4B	1.4B	1.6B	2.5B
Total Liab	68.8B	89.5B	118.6B	151.2B	221.6B	232.6B
Total Current Assets	101.2B	132.0B	174.5B	224.1B	256.1B	268.9B
Accumulated Other Comprehensive Income	(4.6B)	30.6B	30.5B	30.1B	27.4B	28.8B
Short Term Debt	24.9B	45.7B	61.4B	77.6B	101.9B	107.0B
Intangible Assets	2.7B	2.6B	2.5B	2.6B	3.1B	3.3B
Current Deferred Revenue	8.1B	9.2B	12.2B	7.7B	10.1B	8.6B
Other Liab	1.8B	1.7B	2.6B	2.5B	2.9B	1.7B
Net Tangible Assets	62.7B	71.2B	98.6B	114.7B	131.9B	138.5B
Other Assets	7.6B	7.1B	2.7B	3.2B	3.7B	4.2B
Short Term Investments	3.2B	29.8B	5.2B	34.8B	23.3B	11.8B
Short Long Term Debt	23.0B	43.7B	59.1B	74.9B	98.8B	103.7B
Property Plant Equipment	22.3B	21.5B	22.6B	27.6B	31.8B	16.5B
Long Term Debt Total	10.7B	10.7B	11.4B	16.1B	18.5B	19.4B
Net Invested Capital	89.9B	118.7B	152.2B	193.5B	225.7B	146.5B
Net Working Capital	44.9B	54.8B	69.4B	91.4B	90.8B	66.9B
Long Term Debt	169.7M	90M	20M	0.0	33.0B	34.7B

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TITAN	Titan Company Limited
U	Unity Software
PAYC	Paycom Soft

Other Information on Investing in Titan Stock

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

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Titan Tax Provision vs Gross Profit Analysis

Tax Provision vs Gross Profit

Tax Provision vs Gross Profit Correlation Analysis

Correlation Coefficient

Tax Provision

Gross Profit

Titan Company fundamental ratios Correlations

Titan Company Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Titan Company fundamental ratios Accounts

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Other Information on Investing in Titan Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Inventory	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Total Current Assets	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 1.0	Inventory

Current Deferred Revenue	- 0.62	Non Currrent Assets Other
Current Deferred Revenue	- 0.57	Total Stockholder Equity
Current Deferred Revenue	- 0.52	Property Plant And Equipment Net
Current Deferred Revenue	- 0.5	Non Current Assets Total
Current Deferred Revenue	- 0.49	Other Current Liab
Other Liab	- 0.47	Current Deferred Revenue