MKDWELL Income Tax Expense vs Income Before Tax Analysis

MKDW Stock

1.18 0.03 2.61%

MKDWELL Tech financial indicator trend analysis is infinitely more than just investigating MKDWELL Tech Ordinary recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MKDWELL Tech Ordinary is a good investment. Please check the relationship between MKDWELL Tech Income Tax Expense and its Income Before Tax accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MKDWELL Tech Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Income Tax Expense vs Income Before Tax

Income Tax Expense vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MKDWELL Tech Ordinary Income Tax Expense account and Income Before Tax. At this time, the significance of the direction appears to have almost identical trend.

The correlation between MKDWELL Tech's Income Tax Expense and Income Before Tax is 0.98. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of MKDWELL Tech Ordinary, assuming nothing else is changed. The correlation between historical values of MKDWELL Tech's Income Tax Expense 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 Income Tax Expense of MKDWELL Tech Ordinary 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 Income Tax Expense i.e., MKDWELL Tech's Income Tax Expense and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

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Income Tax Expense

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on MKDWELL Tech income statement and is an important metric when analyzing MKDWELL Tech Ordinary 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 MKDWELL Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MKDWELL Tech Ordinary 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MKDWELL Tech Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Selling General Administrative is likely to drop to about 1.2 M in 2024. Sales General And Administrative To Revenue is likely to drop to 0.26 in 2024

	2010	2022	2023	2024 (projected)
Interest Expense	304.1K	390.0K	244.4K	250.3K
Depreciation And Amortization	600.6K	528.1K	563.0K	451.1K

Interest Expense Depreciation And Amortization

MKDWELL Tech fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt
Total Assets		-0.44	0.86	0.94	-0.84	-0.13	-0.66	-0.47	0.86	0.96	-0.34	0.97	0.85	0.95	-0.34	-0.64	0.8	0.94	0.93	0.91	0.88	-0.73	0.97	0.62	-0.59	-0.62
Short Long Term Debt Total	-0.44		-0.58	-0.13	0.51	0.63	0.89	1.0	-0.83	-0.24	0.99	-0.65	-0.82	-0.59	0.99	0.93	-0.82	-0.59	-0.7	-0.45	-0.67	0.93	-0.32	-0.97	0.97	0.89
Other Current Liab	0.86	-0.58		0.81	-1.0	0.09	-0.88	-0.58	0.89	0.88	-0.57	0.88	0.93	0.97	-0.57	-0.83	0.67	0.98	0.95	0.98	0.99	-0.77	0.91	0.66	-0.61	-0.86
Total Current Liabilities	0.94	-0.13	0.81		-0.82	0.2	-0.46	-0.15	0.65	0.99	-0.05	0.82	0.67	0.87	-0.05	-0.41	0.54	0.86	0.8	0.9	0.78	-0.46	0.98	0.32	-0.27	-0.42
Total Stockholder Equity	-0.84	0.51	-1.0	-0.82		-0.18	0.84	0.51	-0.84	-0.88	0.51	-0.84	-0.88	-0.95	0.51	0.79	-0.6	-0.96	-0.92	-0.99	-0.97	0.7	-0.91	-0.58	0.53	0.82
Property Plant And Equipment Net	-0.13	0.63	0.09	0.2	-0.18		0.24	0.66	-0.38	0.16	0.53	-0.31	-0.3	-0.07	0.53	0.34	-0.66	-0.04	-0.2	0.16	-0.05	0.56	0.1	-0.67	0.71	0.24
Current Deferred Revenue	-0.66	0.89	-0.88	-0.46	0.84	0.24		0.88	-0.93	-0.57	0.89	-0.8	-0.95	-0.84	0.89	0.99	-0.77	-0.84	-0.88	-0.78	-0.91	0.92	-0.64	-0.88	0.85	1.0
Net Debt	-0.47	1.0	-0.58	-0.15	0.51	0.66	0.88		-0.85	-0.26	0.97	-0.68	-0.83	-0.61	0.97	0.92	-0.85	-0.6	-0.71	-0.46	-0.67	0.95	-0.35	-0.98	0.98	0.88
Retained Earnings	0.86	-0.83	0.89	0.65	-0.84	-0.38	-0.93	-0.85		0.74	-0.78	0.96	1.0	0.93	-0.78	-0.93	0.93	0.93	0.98	0.84	0.94	-0.97	0.79	0.92	-0.89	-0.91
Accounts Payable	0.96	-0.24	0.88	0.99	-0.88	0.16	-0.57	-0.26	0.74		-0.18	0.87	0.76	0.92	-0.18	-0.52	0.6	0.92	0.86	0.95	0.86	-0.55	1.0	0.41	-0.37	-0.54
Cash	-0.34	0.99	-0.57	-0.05	0.51	0.53	0.89	0.97	-0.78	-0.18		-0.57	-0.77	-0.54	1.0	0.93	-0.72	-0.54	-0.64	-0.42	-0.64	0.88	-0.26	-0.92	0.91	0.91
Non Current Assets Total	0.97	-0.65	0.88	0.82	-0.84	-0.31	-0.8	-0.68	0.96	0.87	-0.57		0.95	0.96	-0.57	-0.79	0.91	0.95	0.98	0.88	0.93	-0.88	0.9	0.8	-0.78	-0.77
Non Currrent Assets Other	0.85	-0.82	0.93	0.67	-0.88	-0.3	-0.95	-0.83	1.0	0.76	-0.77	0.95		0.95	-0.77	-0.94	0.89	0.95	0.98	0.87	0.97	-0.95	0.81	0.89	-0.86	-0.93
Long Term Debt	0.95	-0.59	0.97	0.87	-0.95	-0.07	-0.84	-0.61	0.93	0.92	-0.54	0.96	0.95		-0.54	-0.81	0.79	1.0	0.99	0.97	0.98	-0.82	0.95	0.71	-0.67	-0.81
Cash And Short Term Investments	-0.34	0.99	-0.57	-0.05	0.51	0.53	0.89	0.97	-0.78	-0.18	1.0	-0.57	-0.77	-0.54		0.93	-0.72	-0.54	-0.64	-0.42	-0.64	0.88	-0.26	-0.92	0.91	0.91
Net Receivables	-0.64	0.93	-0.83	-0.41	0.79	0.34	0.99	0.92	-0.93	-0.52	0.93	-0.79	-0.94	-0.81	0.93		-0.81	-0.81	-0.87	-0.73	-0.88	0.95	-0.59	-0.92	0.9	0.99
Common Stock Shares Outstanding	0.8	-0.82	0.67	0.54	-0.6	-0.66	-0.77	-0.85	0.93	0.6	-0.72	0.91	0.89	0.79	-0.72	-0.81		0.77	0.86	0.63	0.77	-0.95	0.65	0.94	-0.93	-0.75
Non Current Liabilities Total	0.94	-0.59	0.98	0.86	-0.96	-0.04	-0.84	-0.6	0.93	0.92	-0.54	0.95	0.95	1.0	-0.54	-0.81	0.77		0.99	0.98	0.99	-0.81	0.95	0.7	-0.66	-0.82
Capital Lease Obligations	0.93	-0.7	0.95	0.8	-0.92	-0.2	-0.88	-0.71	0.98	0.86	-0.64	0.98	0.98	0.99	-0.64	-0.87	0.86	0.99		0.93	0.98	-0.89	0.9	0.81	-0.77	-0.86
Inventory	0.91	-0.45	0.98	0.9	-0.99	0.16	-0.78	-0.46	0.84	0.95	-0.42	0.88	0.87	0.97	-0.42	-0.73	0.63	0.98	0.93		0.96	-0.69	0.96	0.56	-0.51	-0.76
Other Current Assets	0.88	-0.67	0.99	0.78	-0.97	-0.05	-0.91	-0.67	0.94	0.86	-0.64	0.93	0.97	0.98	-0.64	-0.88	0.77	0.99	0.98	0.96		-0.85	0.9	0.75	-0.71	-0.89
Other Stockholder Equity	-0.73	0.93	-0.77	-0.46	0.7	0.56	0.92	0.95	-0.97	-0.55	0.88	-0.88	-0.95	-0.82	0.88	0.95	-0.95	-0.81	-0.89	-0.69	-0.85		-0.62	-0.99	0.98	0.91
Total Liab	0.97	-0.32	0.91	0.98	-0.91	0.1	-0.64	-0.35	0.79	1.0	-0.26	0.9	0.81	0.95	-0.26	-0.59	0.65	0.95	0.9	0.96	0.9	-0.62		0.49	-0.45	-0.6
Net Invested Capital	0.62	-0.97	0.66	0.32	-0.58	-0.67	-0.88	-0.98	0.92	0.41	-0.92	0.8	0.89	0.71	-0.92	-0.92	0.94	0.7	0.81	0.56	0.75	-0.99	0.49		-1.0	-0.88
Property Plant And Equipment Gross	-0.59	0.97	-0.61	-0.27	0.53	0.71	0.85	0.98	-0.89	-0.37	0.91	-0.78	-0.86	-0.67	0.91	0.9	-0.93	-0.66	-0.77	-0.51	-0.71	0.98	-0.45	-1.0		0.85
Short Long Term Debt	-0.62	0.89	-0.86	-0.42	0.82	0.24	1.0	0.88	-0.91	-0.54	0.91	-0.77	-0.93	-0.81	0.91	0.99	-0.75	-0.82	-0.86	-0.76	-0.89	0.91	-0.6	-0.88	0.85

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MKDWELL Income Tax Expense vs Income Before Tax Analysis

Income Tax Expense vs Income Before Tax

Income Tax Expense vs Income Before Tax Correlation Analysis

Correlation Coefficient

Income Tax Expense

Income Before Tax

MKDWELL Tech fundamental ratios Correlations

MKDWELL Tech Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for MKDWELL Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Short Long Term Debt	+ 1.0	Current Deferred Revenue
Non Currrent Assets Other	+ 1.0	Retained Earnings
Total Liab	+ 1.0	Accounts Payable
Cash And Short Term Investments	+ 1.0	Cash
Non Current Liabilities Total	+ 1.0	Long Term Debt

Property Plant And Equipment Gross	- 1.0	Net Invested Capital
Total Stockholder Equity	- 1.0	Other Current Liab
Net Invested Capital	- 0.99	Other Stockholder Equity
Inventory	- 0.99	Total Stockholder Equity
Net Invested Capital	- 0.98	Net Debt
Other Stockholder Equity	- 0.97	Retained Earnings