Xos Income Tax Expense vs Cost Of Revenue Analysis

XOSWW Stock  USD 0  0  27.59%   
Xos Equity financial indicator trend analysis is more than just analyzing Xos Equity Warrants current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xos Equity Warrants is a good investment. Please check the relationship between Xos Equity Income Tax Expense and its Cost Of Revenue accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xos Equity Warrants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Income Tax Expense vs Cost Of Revenue

Income Tax Expense vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xos Equity Warrants Income Tax Expense account and Cost Of Revenue. At this time, the significance of the direction appears to have pay attention.
The correlation between Xos Equity's Income Tax Expense and Cost Of Revenue is -0.81. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Xos Equity Warrants, assuming nothing else is changed. The correlation between historical values of Xos Equity's Income Tax Expense and Cost Of Revenue 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 Xos Equity Warrants are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Income Tax Expense i.e., Xos Equity's Income Tax Expense and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

-0.81
Relationship DirectionNegative 
Relationship StrengthSignificant

Income Tax Expense

Cost Of Revenue

Cost of Revenue is found on Xos Equity Warrants income statement and represents the costs associated with goods and services Xos Equity provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from Xos Equity's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xos Equity Warrants 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 Equity Warrants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
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 Expenses50.8M81.3M63.7M46.8M
Cost Of Revenue7.4M66.4M45.8M27.0M

Xos Equity fundamental ratios Correlations

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0.460.850.690.910.330.670.22-0.34-0.010.820.210.860.480.30.630.410.640.310.440.740.530.6-0.030.00.6
0.730.30.20.550.730.42-0.610.160.60.690.650.670.92-0.050.410.590.570.710.490.630.740.60.470.370.21
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-0.32-0.4-0.52-0.33-0.27-0.47-0.60.87-0.21-0.32-0.310.020.05-0.88-0.54-0.44-0.43-0.29-0.49-0.42-0.320.00.370.93-0.57
0.630.910.730.720.540.970.51-0.880.20.780.460.670.40.870.940.730.90.50.850.80.670.60.21-0.68-0.57
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Xos Equity Account Relationship Matchups

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