Singular Income Tax Expense from 2010 to 2024

OMIC Stock  USD 21.90  0.85  3.74%   
Singular Genomics' Income Tax Expense is increasing over the years with slightly volatile fluctuation. Overall, Income Tax Expense is expected to go to about 9.5 M this year. During the period from 2010 to 2024 Singular Genomics Income Tax Expense annual values regression line had coefficient of variation of  299.36 and r-squared of  0.27. View All Fundamentals
 
Income Tax Expense  
First Reported
2010-12-31
Previous Quarter
9.1 M
Current Value
9.5 M
Quarterly Volatility
3.4 M
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Singular Genomics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Singular Genomics' main balance sheet or income statement drivers, such as Net Interest Income of 7.7 M, Interest Income of 8.9 M or Depreciation And Amortization of 7.6 M, as well as many indicators such as Price To Sales Ratio of 10.93, Dividend Yield of 0.0 or PTB Ratio of 0.2. Singular financial statements analysis is a perfect complement when working with Singular Genomics Valuation or Volatility modules.
  
Check out the analysis of Singular Genomics Correlation against competitors.

Latest Singular Genomics' Income Tax Expense Growth Pattern

Below is the plot of the Income Tax Expense of Singular Genomics Systems over the last few years. It is Singular Genomics' Income Tax Expense historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Singular Genomics' overall financial position and show how it may be relating to other accounts over time.
Income Tax Expense10 Years Trend
Slightly volatile
   Income Tax Expense   
       Timeline  

Singular Income Tax Expense Regression Statistics

Arithmetic Mean1,134,407
Coefficient Of Variation299.36
Mean Deviation2,179,905
Median17,000
Standard Deviation3,395,909
Sample Variance11.5T
Range12.1M
R-Value0.52
Mean Square Error9.1T
R-Squared0.27
Significance0.05
Slope394,306
Total Sum of Squares161.5T

Singular Income Tax Expense History

20249.5 M
20239.1 M
2022-2.6 M
2021118 K
2020718 K

About Singular Genomics Financial Statements

Singular Genomics stakeholders use historical fundamental indicators, such as Singular Genomics' Income Tax Expense, to determine how well the company is positioned to perform in the future. Although Singular Genomics investors may analyze each financial statement separately, they are all interrelated. For example, changes in Singular Genomics' assets and liabilities are reflected in the revenues and expenses on Singular Genomics' income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Singular Genomics Systems. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Income Tax Expense9.1 M9.5 M

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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.
When determining whether Singular Genomics Systems offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Singular Genomics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Singular Genomics Systems Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Singular Genomics Systems Stock:
Check out the analysis of Singular Genomics Correlation against competitors.
You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Singular Genomics. If investors know Singular will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Singular Genomics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(34.68)
Revenue Per Share
1.107
Quarterly Revenue Growth
0.459
Return On Assets
(0.24)
Return On Equity
(0.52)
The market value of Singular Genomics Systems is measured differently than its book value, which is the value of Singular that is recorded on the company's balance sheet. Investors also form their own opinion of Singular Genomics' value that differs from its market value or its book value, called intrinsic value, which is Singular Genomics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Singular Genomics' market value can be influenced by many factors that don't directly affect Singular Genomics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Singular Genomics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Singular Genomics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Singular Genomics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.