Amazon Total Current Liabilities vs Operating Income Analysis

0R1O Stock

225.50 5.00 2.17%

Amazon financial indicator trend analysis is way more than just evaluating Amazon Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Amazon Inc is a good investment. Please check the relationship between Amazon Total Current Liabilities and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amazon 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 board of governors.

Total Current Liabilities vs Operating Income

Total Current Liabilities vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Amazon Inc Total Current Liabilities account and Operating Income. At this time, the significance of the direction appears to have totally related.

The correlation between Amazon's Total Current Liabilities and Operating Income is 0.99. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Operating Income in the same time period over historical financial statements of Amazon Inc, assuming nothing else is changed. The correlation between historical values of Amazon's Total Current Liabilities and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Amazon Inc are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Total Current Liabilities i.e., Amazon's Total Current Liabilities and Operating Income go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

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Total Current Liabilities

Total Current Liabilities is an item on Amazon balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Amazon Inc are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Operating Income

Operating Income is the amount of profit realized from Amazon Inc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Amazon Inc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from Amazon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Amazon 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Amazon 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 board of governors.

Tax Provision is likely to drop to about 2.8 B in 2024. Selling General Administrative is likely to drop to about 79 B in 2024

	2018	2019	2023	2024 (projected)
EBIT	12.4B	14.4B	16.6B	9.7B
Other Operating Expenses	296M	338M	388.7M	279.1M

Ebit Other Operating Expenses

Amazon fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Inventory	Other Stockholder Equity	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Cash	Long Term Debt	Cash And Short Term Investments	Good Will	Short Term Investments	Capital Surpluse	Other Current Assets	Total Liab	Treasury Stock	Intangible Assets
Other Current Liab		0.95	0.85	0.97	0.84	1.0	0.24	0.96	0.94	-0.17	0.95	-0.33	0.85	0.91	0.84	0.91	0.96	0.76	0.93	0.9	0.8	0.92	-0.94	0.91	0.5	0.94
Total Current Liabilities	0.95		0.74	0.94	0.91	0.94	0.06	0.99	0.99	-0.25	1.0	-0.34	0.92	0.99	0.95	0.99	0.92	0.91	0.99	0.91	0.89	0.99	-0.88	0.99	0.53	0.98
Other Liab	0.85	0.74		0.77	0.68	0.86	0.25	0.77	0.74	-0.17	0.74	-0.31	0.69	0.67	0.61	0.68	0.86	0.51	0.7	0.77	0.59	0.69	-0.91	0.67	0.38	0.78
Net Tangible Assets	0.97	0.94	0.77		0.8	0.95	0.26	0.94	0.91	-0.21	0.94	-0.21	0.81	0.91	0.83	0.91	0.94	0.76	0.93	0.85	0.76	0.92	-0.91	0.91	0.42	0.91
Retained Earnings	0.84	0.91	0.68	0.8		0.83	-0.16	0.91	0.91	-0.44	0.91	-0.66	1.0	0.92	0.91	0.92	0.86	0.86	0.92	0.93	0.99	0.93	-0.86	0.92	0.65	0.94
Accounts Payable	1.0	0.94	0.86	0.95	0.83		0.25	0.95	0.93	-0.14	0.94	-0.32	0.85	0.89	0.82	0.89	0.95	0.75	0.91	0.89	0.79	0.9	-0.93	0.89	0.49	0.92
Other Assets	0.24	0.06	0.25	0.26	-0.16	0.25		-0.01	-0.06	0.78	0.02	0.29	-0.13	-0.07	-0.23	-0.09	0.31	-0.33	0.01	-0.05	-0.19	-0.08	-0.23	-0.06	-0.29	0.03
Net Receivables	0.96	0.99	0.77	0.94	0.91	0.95	-0.01		1.0	-0.34	1.0	-0.34	0.91	0.99	0.96	0.99	0.9	0.91	0.98	0.91	0.88	0.99	-0.89	0.98	0.54	0.97
Inventory	0.94	0.99	0.74	0.91	0.91	0.93	-0.06	1.0		-0.35	0.99	-0.36	0.91	0.99	0.97	0.99	0.87	0.94	0.98	0.91	0.89	0.99	-0.86	0.98	0.56	0.97
Other Stockholder Equity	-0.17	-0.25	-0.17	-0.21	-0.44	-0.14	0.78	-0.34	-0.35		-0.29	0.35	-0.41	-0.36	-0.44	-0.39	-0.13	-0.48	-0.29	-0.37	-0.42	-0.38	0.25	-0.34	-0.33	-0.29
Total Current Assets	0.95	1.0	0.74	0.94	0.91	0.94	0.02	1.0	0.99	-0.29		-0.34	0.92	0.99	0.96	0.99	0.91	0.92	0.99	0.91	0.89	0.99	-0.88	0.99	0.54	0.98
Common Stock	-0.33	-0.34	-0.31	-0.21	-0.66	-0.32	0.29	-0.34	-0.36	0.35	-0.34		-0.66	-0.36	-0.4	-0.35	-0.43	-0.35	-0.37	-0.64	-0.66	-0.38	0.43	-0.37	-0.8	-0.47
Property Plant Equipment	0.85	0.92	0.69	0.81	1.0	0.85	-0.13	0.91	0.91	-0.41	0.92	-0.66		0.92	0.9	0.92	0.87	0.85	0.93	0.93	0.99	0.93	-0.87	0.92	0.65	0.94
Total Assets	0.91	0.99	0.67	0.91	0.92	0.89	-0.07	0.99	0.99	-0.36	0.99	-0.36	0.92		0.98	1.0	0.87	0.95	1.0	0.9	0.92	1.0	-0.84	1.0	0.56	0.97
Short Long Term Debt Total	0.84	0.95	0.61	0.83	0.91	0.82	-0.23	0.96	0.97	-0.44	0.96	-0.4	0.9	0.98		0.98	0.78	0.99	0.96	0.89	0.91	0.98	-0.75	0.98	0.64	0.94
Total Stockholder Equity	0.91	0.99	0.68	0.91	0.92	0.89	-0.09	0.99	0.99	-0.39	0.99	-0.35	0.92	1.0	0.98		0.86	0.96	0.99	0.9	0.91	1.0	-0.83	1.0	0.56	0.97
Cash	0.96	0.92	0.86	0.94	0.86	0.95	0.31	0.9	0.87	-0.13	0.91	-0.43	0.87	0.87	0.78	0.86		0.69	0.9	0.9	0.82	0.88	-0.98	0.87	0.5	0.94
Long Term Debt	0.76	0.91	0.51	0.76	0.86	0.75	-0.33	0.91	0.94	-0.48	0.92	-0.35	0.85	0.95	0.99	0.96	0.69		0.92	0.83	0.87	0.95	-0.66	0.95	0.6	0.89
Cash And Short Term Investments	0.93	0.99	0.7	0.93	0.92	0.91	0.01	0.98	0.98	-0.29	0.99	-0.37	0.93	1.0	0.96	0.99	0.9	0.92		0.91	0.92	0.99	-0.87	1.0	0.55	0.98
Good Will	0.9	0.91	0.77	0.85	0.93	0.89	-0.05	0.91	0.91	-0.37	0.91	-0.64	0.93	0.9	0.89	0.9	0.9	0.83	0.91		0.9	0.92	-0.88	0.9	0.8	0.96
Short Term Investments	0.8	0.89	0.59	0.76	0.99	0.79	-0.19	0.88	0.89	-0.42	0.89	-0.66	0.99	0.92	0.91	0.91	0.82	0.87	0.92	0.9		0.92	-0.81	0.92	0.66	0.92
Capital Surpluse	0.92	0.99	0.69	0.92	0.93	0.9	-0.08	0.99	0.99	-0.38	0.99	-0.38	0.93	1.0	0.98	1.0	0.88	0.95	0.99	0.92	0.92		-0.85	1.0	0.58	0.98
Other Current Assets	-0.94	-0.88	-0.91	-0.91	-0.86	-0.93	-0.23	-0.89	-0.86	0.25	-0.88	0.43	-0.87	-0.84	-0.75	-0.83	-0.98	-0.66	-0.87	-0.88	-0.81	-0.85		-0.84	-0.43	-0.91
Total Liab	0.91	0.99	0.67	0.91	0.92	0.89	-0.06	0.98	0.98	-0.34	0.99	-0.37	0.92	1.0	0.98	1.0	0.87	0.95	1.0	0.9	0.92	1.0	-0.84		0.57	0.97
Treasury Stock	0.5	0.53	0.38	0.42	0.65	0.49	-0.29	0.54	0.56	-0.33	0.54	-0.8	0.65	0.56	0.64	0.56	0.5	0.6	0.55	0.8	0.66	0.58	-0.43	0.57		0.63
Intangible Assets	0.94	0.98	0.78	0.91	0.94	0.92	0.03	0.97	0.97	-0.29	0.98	-0.47	0.94	0.97	0.94	0.97	0.94	0.89	0.98	0.96	0.92	0.98	-0.91	0.97	0.63

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Amazon Account Relationship Matchups

Amazon fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Current Liabilities	68.4B	87.8B	126.4B	142.3B	163.6B	96.5B
Retained Earnings	19.6B	31.2B	52.6B	85.9B	98.8B	103.7B
Other Assets	6.4B	10.1B	14.6B	1.8B	2.1B	2.0B
Net Receivables	16.3B	20.5B	24.3B	32.9B	37.8B	20.9B
Inventory	17.2B	20.5B	23.8B	32.6B	37.5B	22.3B
Other Stockholder Equity	(1.0B)	(986M)	(180M)	(1.4B)	(1.2B)	(1.3B)
Total Current Assets	75.1B	96.3B	132.7B	161.6B	185.8B	104.8B
Property Plant Equipment	61.8B	97.8B	150.7B	216.4B	248.8B	261.3B
Total Assets	162.6B	225.2B	321.2B	420.5B	483.6B	277.4B
Short Long Term Debt Total	39.8B	40.5B	49.9B	64.4B	74.1B	51.2B
Total Stockholder Equity	43.5B	62.1B	93.4B	138.2B	159.0B	80.3B
Cash	31.8B	36.1B	42.1B	36.2B	41.7B	36.7B
Long Term Debt	23.5B	23.4B	31.8B	48.7B	56.1B	33.5B
Cash And Short Term Investments	41.3B	55.0B	84.4B	96.0B	110.5B	67.7B
Good Will	14.5B	14.8B	15.0B	15.4B	17.7B	16.1B
Short Term Investments	9.5B	18.9B	42.3B	59.8B	68.8B	72.2B
Capital Surpluse	26.8B	33.7B	42.9B	55.5B	63.9B	39.7B
Total Liab	119.1B	163.2B	227.8B	282.3B	324.6B	197.1B
Intangible Assets	4.1B	4.0B	5.0B	5.1B	5.9B	4.8B

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Amazon Total Current Liabilities vs Operating Income Analysis

Total Current Liabilities vs Operating Income

Total Current Liabilities vs Operating Income Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Operating Income

Amazon fundamental ratios Correlations

Amazon Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Amazon fundamental ratios Accounts

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Accounts Payable	+ 1.0	Other Current Liab
Total Current Assets	+ 1.0	Total Current Liabilities
Property Plant Equipment	+ 1.0	Retained Earnings
Inventory	+ 1.0	Net Receivables
Total Current Assets	+ 1.0	Net Receivables
Total Stockholder Equity	+ 1.0	Total Assets

Other Current Assets	- 0.98	Cash
Other Current Assets	- 0.94	Other Current Liab
Other Current Assets	- 0.93	Accounts Payable
Intangible Assets	- 0.91	Other Current Assets
Other Current Assets	- 0.91	Net Tangible Assets
Other Current Assets	- 0.91	Other Liab