Xos Other Operating Expenses vs Income Before Tax Analysis

XOS Stock

USD 3.44 0.07 1.99%

Xos financial indicator trend analysis is more than just analyzing Xos Inc current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xos Inc is a good investment. Please check the relationship between Xos Other Operating Expenses and its Income Before Tax accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xos Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Other Operating Expenses vs Income Before Tax

Other Operating Expenses vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xos Inc Other Operating Expenses account and Income Before Tax. At this time, the significance of the direction appears to have pay attention.

The correlation between Xos' Other Operating Expenses and Income Before Tax is -0.81. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Xos Inc, assuming nothing else is changed. The correlation between historical values of Xos' Other Operating Expenses and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of Xos Inc are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Other Operating Expenses i.e., Xos' Other Operating Expenses and Income Before Tax go up and down completely randomly.

Correlation Coefficient

-0.81

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Xos Inc. It is also known as Xos overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Xos income statement and is an important metric when analyzing Xos Inc 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.

Most indicators from Xos' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xos Inc 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xos Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Selling General Administrative is likely to drop to about 25 M in 2024. Tax Provision is likely to drop to 6,050 in 2024

	2021	2022	2023	2024 (projected)
Total Operating Expenses	50.8M	81.3M	63.7M	46.8M
Cost Of Revenue	7.4M	66.4M	45.8M	27.0M

Total Operating Expenses Cost Of Revenue

Xos fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Inventory	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Short Term Debt
Other Current Liab		0.9	0.92	0.59	-0.73	0.4	0.71	0.61	0.45	0.71	0.59	0.76	0.47	0.72	0.27	0.76	0.48	0.43	0.44	0.69	0.84	0.65	0.5	0.69	0.85	0.69
Total Current Liabilities	0.9		0.86	0.57	-0.6	0.39	0.8	0.73	0.68	0.68	0.69	0.85	0.57	0.78	0.18	0.93	0.5	0.73	0.61	0.57	0.83	0.67	0.57	0.68	0.93	0.9
Other Liab	0.92	0.86		0.81	-0.77	0.63	0.8	0.78	0.51	0.88	0.79	0.68	0.7	0.76	0.15	0.83	0.72	0.4	0.6	0.8	0.9	0.84	0.73	0.83	0.92	0.57
Net Tangible Assets	0.59	0.57	0.81		-0.68	0.83	0.87	0.91	0.54	0.97	0.94	0.49	0.93	0.79	-0.07	0.76	0.93	0.4	0.75	0.79	0.86	0.98	0.93	0.96	0.83	0.26
Retained Earnings	-0.73	-0.6	-0.77	-0.68		-0.22	-0.69	-0.47	0.0	-0.83	-0.48	-0.75	-0.39	-0.79	-0.66	-0.59	-0.38	-0.32	-0.14	-0.98	-0.83	-0.62	-0.38	-0.72	-0.67	-0.36
Accounts Payable	0.4	0.39	0.63	0.83	-0.22		0.6	0.83	0.69	0.7	0.88	0.07	0.92	0.41	-0.58	0.55	0.97	0.16	0.86	0.37	0.54	0.85	0.95	0.73	0.64	0.08
Inventory	0.71	0.8	0.8	0.87	-0.69	0.6		0.92	0.68	0.9	0.9	0.81	0.83	0.97	0.1	0.93	0.75	0.77	0.77	0.74	0.96	0.92	0.8	0.96	0.93	0.65
Total Current Assets	0.61	0.73	0.78	0.91	-0.47	0.83	0.92		0.83	0.86	0.99	0.57	0.97	0.8	-0.25	0.9	0.92	0.66	0.94	0.58	0.84	0.97	0.96	0.92	0.92	0.54
Common Stock	0.45	0.68	0.51	0.54	0.0	0.69	0.68	0.83		0.45	0.8	0.39	0.78	0.51	-0.54	0.77	0.71	0.68	0.94	0.08	0.52	0.68	0.77	0.59	0.73	0.64
Property Plant Equipment	0.71	0.68	0.88	0.97	-0.83	0.7	0.9	0.86	0.45		0.88	0.65	0.83	0.87	0.16	0.81	0.82	0.46	0.64	0.91	0.93	0.94	0.83	0.96	0.88	0.38
Total Assets	0.59	0.69	0.79	0.94	-0.48	0.88	0.9	0.99	0.8	0.88		0.52	0.99	0.77	-0.27	0.87	0.95	0.58	0.93	0.6	0.82	0.98	0.98	0.92	0.9	0.46
Short Long Term Debt Total	0.76	0.85	0.68	0.49	-0.75	0.07	0.81	0.57	0.39	0.65	0.52		0.38	0.9	0.55	0.83	0.27	0.82	0.35	0.7	0.85	0.56	0.34	0.67	0.8	0.85
Total Stockholder Equity	0.47	0.57	0.7	0.93	-0.39	0.92	0.83	0.97	0.78	0.83	0.99	0.38		0.69	-0.38	0.78	0.98	0.5	0.93	0.53	0.74	0.96	0.99	0.88	0.81	0.33
Property Plant And Equipment Net	0.72	0.78	0.76	0.79	-0.79	0.41	0.97	0.8	0.51	0.87	0.77	0.9	0.69		0.33	0.89	0.6	0.77	0.59	0.81	0.96	0.83	0.65	0.91	0.88	0.67
Net Debt	0.27	0.18	0.15	-0.07	-0.66	-0.58	0.1	-0.25	-0.54	0.16	-0.27	0.55	-0.38	0.33		0.07	-0.43	0.14	-0.54	0.54	0.26	-0.14	-0.41	0.03	0.06	0.22
Cash	0.76	0.93	0.83	0.76	-0.59	0.55	0.93	0.9	0.77	0.81	0.87	0.83	0.78	0.89	0.07		0.69	0.83	0.78	0.63	0.89	0.84	0.76	0.84	0.98	0.82
Non Current Assets Total	0.48	0.5	0.72	0.93	-0.38	0.97	0.75	0.92	0.71	0.82	0.95	0.27	0.98	0.6	-0.43	0.69		0.32	0.89	0.52	0.69	0.94	0.99	0.86	0.76	0.21
Non Currrent Assets Other	0.43	0.73	0.4	0.4	-0.32	0.16	0.77	0.66	0.68	0.46	0.58	0.82	0.5	0.77	0.14	0.83	0.32		0.59	0.33	0.64	0.52	0.43	0.56	0.7	0.86
Cash And Short Term Investments	0.44	0.61	0.6	0.75	-0.14	0.86	0.77	0.94	0.94	0.64	0.93	0.35	0.93	0.59	-0.54	0.78	0.89	0.59		0.27	0.63	0.85	0.93	0.75	0.78	0.48
Net Receivables	0.69	0.57	0.8	0.79	-0.98	0.37	0.74	0.58	0.08	0.91	0.6	0.7	0.53	0.81	0.54	0.63	0.52	0.33	0.27		0.86	0.72	0.52	0.8	0.71	0.3
Common Stock Shares Outstanding	0.84	0.83	0.9	0.86	-0.83	0.54	0.96	0.84	0.52	0.93	0.82	0.85	0.74	0.96	0.26	0.89	0.69	0.64	0.63	0.86		0.89	0.72	0.95	0.94	0.63
Non Current Liabilities Total	0.65	0.67	0.84	0.98	-0.62	0.85	0.92	0.97	0.68	0.94	0.98	0.56	0.96	0.83	-0.14	0.84	0.94	0.52	0.85	0.72	0.89		0.95	0.98	0.9	0.41
Other Current Assets	0.5	0.57	0.73	0.93	-0.38	0.95	0.8	0.96	0.77	0.83	0.98	0.34	0.99	0.65	-0.41	0.76	0.99	0.43	0.93	0.52	0.72	0.95		0.87	0.81	0.31
Other Stockholder Equity	0.69	0.68	0.83	0.96	-0.72	0.73	0.96	0.92	0.59	0.96	0.92	0.67	0.88	0.91	0.03	0.84	0.86	0.56	0.75	0.8	0.95	0.98	0.87		0.89	0.44
Total Liab	0.85	0.93	0.92	0.83	-0.67	0.64	0.93	0.92	0.73	0.88	0.9	0.8	0.81	0.88	0.06	0.98	0.76	0.7	0.78	0.71	0.94	0.9	0.81	0.89		0.74
Short Term Debt	0.69	0.9	0.57	0.26	-0.36	0.08	0.65	0.54	0.64	0.38	0.46	0.85	0.33	0.67	0.22	0.82	0.21	0.86	0.48	0.3	0.63	0.41	0.31	0.44	0.74

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Xos Account Relationship Matchups

Xos fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	3.5M	12.5M	5.4M	10.0M	11.8M	7.9M
Total Current Liabilities	6.0M	32.9M	16.0M	45.8M	19.6M	22.3M
Net Tangible Assets	(10.5M)	(27.2M)	174.4M	112.1M	128.9M	135.3M
Retained Earnings	(10.8M)	(27.5M)	(4.1M)	(77.4M)	(153.3M)	(145.6M)
Accounts Payable	1.5M	1.2M	10.1M	2.9M	2.8M	3.5M
Inventory	1.6M	1.9M	30.9M	57.5M	37.8M	23.8M
Total Current Assets	1.8M	12.7M	166.0M	163.2M	71.7M	76.4M
Common Stock	4K	7K	16K	17K	1K	950.0

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