Eaton Income Tax Expense vs Operating Income Analysis

0Y3K Stock

371.61 0.88 0.24%

Eaton Corp financial indicator trend analysis is much more than just examining Eaton Corp PLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eaton Corp PLC is a good investment. Please check the relationship between Eaton Corp Income Tax Expense and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Eaton Corp PLC. 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.

Income Tax Expense vs Operating Income

Income Tax Expense vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eaton Corp PLC Income Tax Expense account and Operating Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between Eaton Corp's Income Tax Expense and Operating Income is 0.77. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Operating Income in the same time period over historical financial statements of Eaton Corp PLC, assuming nothing else is changed. The correlation between historical values of Eaton Corp's Income Tax Expense 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 Income Tax Expense of Eaton Corp PLC 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 Income Tax Expense i.e., Eaton Corp's Income Tax Expense and Operating Income go up and down completely randomly.

Correlation Coefficient

0.77

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Income Tax Expense

Operating Income

Operating Income is the amount of profit realized from Eaton Corp PLC 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 Eaton Corp PLC 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 Eaton Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eaton Corp PLC 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 Eaton Corp PLC. 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 479.8 M in 2024. Selling General Administrative is likely to drop to about 2.7 B in 2024

	2021	2022	2023	2024 (projected)
Total Revenue	19.6B	20.8B	23.2B	22.6B
Depreciation And Amortization	922M	954M	926M	985.1M

Total Revenue Depreciation And Amortization

Eaton Corp fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Long Term Debt Total
Total Assets		0.47	0.56	0.55	0.83	-0.27	0.09	0.52	0.27	0.87	-0.38	0.35	0.74	0.47	0.9	-0.61	0.71	0.03	0.47	-0.06	-0.2	0.57	0.65	0.33	-0.17	0.89
Other Current Liab	0.47		0.11	-0.34	0.18	-0.87	-0.6	-0.08	0.19	0.23	-0.92	0.55	-0.03	-0.22	0.28	-0.67	-0.08	-0.23	-0.17	0.15	-0.84	0.89	0.03	0.67	0.37	0.53
Total Current Liabilities	0.56	0.11		0.58	0.35	0.22	0.48	0.86	-0.27	0.48	0.12	0.06	0.45	0.48	0.59	-0.41	0.56	-0.1	0.73	-0.09	0.35	0.18	0.62	-0.25	-0.59	0.45
Total Stockholder Equity	0.55	-0.34	0.58		0.58	0.52	0.84	0.81	-0.06	0.54	0.47	0.06	0.65	0.88	0.58	-0.02	0.71	0.19	0.84	-0.29	0.59	-0.18	0.75	-0.38	-0.71	0.25
Property Plant And Equipment Net	0.83	0.18	0.35	0.58		-0.06	0.28	0.41	0.22	0.71	-0.15	0.29	0.72	0.53	0.7	-0.38	0.7	0.16	0.5	-0.03	-0.03	0.34	0.67	0.13	-0.2	0.77
Net Debt	-0.27	-0.87	0.22	0.52	-0.06		0.74	0.44	-0.23	-0.11	0.99	-0.62	0.08	0.35	-0.13	0.62	0.15	0.48	0.45	-0.04	0.95	-0.66	0.28	-0.72	-0.53	-0.32
Retained Earnings	0.09	-0.6	0.48	0.84	0.28	0.74		0.73	-0.37	0.08	0.73	-0.08	0.34	0.81	0.14	0.23	0.46	0.13	0.82	-0.28	0.81	-0.49	0.58	-0.72	-0.78	-0.18
Accounts Payable	0.52	-0.08	0.86	0.81	0.41	0.44	0.73		-0.36	0.5	0.35	0.07	0.36	0.75	0.59	-0.21	0.49	0.11	0.95	-0.24	0.54	0.03	0.68	-0.37	-0.74	0.31
Cash	0.27	0.19	-0.27	-0.06	0.22	-0.23	-0.37	-0.36		0.22	-0.24	-0.19	0.32	-0.12	0.08	0.23	0.07	0.46	-0.39	0.11	-0.41	0.42	0.11	0.57	0.55	0.35
Non Current Assets Total	0.87	0.23	0.48	0.54	0.71	-0.11	0.08	0.5	0.22		-0.21	0.11	0.59	0.46	0.98	-0.41	0.56	0.08	0.46	-0.35	-0.09	0.38	0.35	0.4	-0.08	0.82
Non Currrent Assets Other	-0.38	-0.92	0.12	0.47	-0.15	0.99	0.73	0.35	-0.24	-0.21		-0.59	0.03	0.32	-0.23	0.66	0.09	0.41	0.38	-0.05	0.95	-0.75	0.2	-0.76	-0.53	-0.45
Other Assets	0.35	0.55	0.06	0.06	0.29	-0.62	-0.08	0.07	-0.19	0.11	-0.59		0.07	0.11	0.21	-0.69	0.12	-0.56	0.14	0.05	-0.44	0.31	0.14	0.13	-0.22	0.13
Cash And Short Term Investments	0.74	-0.03	0.45	0.65	0.72	0.08	0.34	0.36	0.32	0.59	0.03	0.07		0.49	0.6	-0.33	0.97	-0.01	0.34	0.08	0.17	0.05	0.74	-0.09	-0.34	0.59
Net Receivables	0.47	-0.22	0.48	0.88	0.53	0.35	0.81	0.75	-0.12	0.46	0.32	0.11	0.49		0.51	-0.02	0.56	0.07	0.87	-0.54	0.43	-0.12	0.6	-0.27	-0.54	0.16
Good Will	0.9	0.28	0.59	0.58	0.7	-0.13	0.14	0.59	0.08	0.98	-0.23	0.21	0.6	0.51		-0.54	0.61	-0.06	0.56	-0.33	-0.05	0.37	0.41	0.3	-0.2	0.8
Common Stock Shares Outstanding	-0.61	-0.67	-0.41	-0.02	-0.38	0.62	0.23	-0.21	0.23	-0.41	0.66	-0.69	-0.33	-0.02	-0.54		-0.41	0.65	-0.14	-0.18	0.39	-0.4	-0.22	-0.17	0.2	-0.54
Short Term Investments	0.71	-0.08	0.56	0.71	0.7	0.15	0.46	0.49	0.07	0.56	0.09	0.12	0.97	0.56	0.61	-0.41		-0.12	0.47	0.06	0.28	-0.04	0.77	-0.24	-0.51	0.53
Non Current Liabilities Total	0.03	-0.23	-0.1	0.19	0.16	0.48	0.13	0.11	0.46	0.08	0.41	-0.56	-0.01	0.07	-0.06	0.65	-0.12		0.08	0.12	0.22	0.18	0.27	0.08	0.16	0.15
Inventory	0.47	-0.17	0.73	0.84	0.5	0.45	0.82	0.95	-0.39	0.46	0.38	0.14	0.34	0.87	0.56	-0.14	0.47	0.08		-0.38	0.55	-0.06	0.63	-0.4	-0.71	0.24
Other Current Assets	-0.06	0.15	-0.09	-0.29	-0.03	-0.04	-0.28	-0.24	0.11	-0.35	-0.05	0.05	0.08	-0.54	-0.33	-0.18	0.06	0.12	-0.38		-0.01	0.07	0.27	-0.26	-0.12	0.06
Other Stockholder Equity	-0.2	-0.84	0.35	0.59	-0.03	0.95	0.81	0.54	-0.41	-0.09	0.95	-0.44	0.17	0.43	-0.05	0.39	0.28	0.22	0.55	-0.01		-0.74	0.35	-0.86	-0.74	-0.32
Total Liab	0.57	0.89	0.18	-0.18	0.34	-0.66	-0.49	0.03	0.42	0.38	-0.75	0.31	0.05	-0.12	0.37	-0.4	-0.04	0.18	-0.06	0.07	-0.74		0.17	0.76	0.45	0.68
Total Current Assets	0.65	0.03	0.62	0.75	0.67	0.28	0.58	0.68	0.11	0.35	0.2	0.14	0.74	0.6	0.41	-0.22	0.77	0.27	0.63	0.27	0.35	0.17		-0.34	-0.61	0.46
Intangible Assets	0.33	0.67	-0.25	-0.38	0.13	-0.72	-0.72	-0.37	0.57	0.4	-0.76	0.13	-0.09	-0.27	0.3	-0.17	-0.24	0.08	-0.4	-0.26	-0.86	0.76	-0.34		0.81	0.49
Common Stock	-0.17	0.37	-0.59	-0.71	-0.2	-0.53	-0.78	-0.74	0.55	-0.08	-0.53	-0.22	-0.34	-0.54	-0.2	0.2	-0.51	0.16	-0.71	-0.12	-0.74	0.45	-0.61	0.81		0.12
Short Long Term Debt Total	0.89	0.53	0.45	0.25	0.77	-0.32	-0.18	0.31	0.35	0.82	-0.45	0.13	0.59	0.16	0.8	-0.54	0.53	0.15	0.24	0.06	-0.32	0.68	0.46	0.49	0.12

Click cells to compare fundamentals

Eaton Corp Account Relationship Matchups

Eaton Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	32.8B	31.8B	34.0B	35.0B	38.4B	36.9B
Other Current Liab	2.4B	2.7B	2.5B	2.8B	2.8B	2.0B
Total Current Liabilities	5.1B	5.9B	7.2B	6.4B	7.7B	6.3B
Total Stockholder Equity	16.1B	14.9B	16.4B	17.0B	19.0B	17.8B
Property Plant And Equipment Net	3.9B	3.4B	3.5B	3.7B	4.2B	4.0B
Net Debt	8.4B	8.1B	8.7B	8.9B	9.5B	8.3B
Retained Earnings	8.2B	6.8B	7.6B	8.5B	10.3B	8.5B
Accounts Payable	2.1B	2.0B	2.8B	3.1B	3.4B	2.5B
Cash	370M	438M	297M	294M	488M	387.7M
Non Current Assets Total	24.1B	22.6B	26.5B	26.3B	26.8B	27.5B
Non Currrent Assets Other	1.6B	953M	1.2B	1.2B	1.7B	1.7B
Other Assets	2.0B	1.4B	1.6B	1.5B	1.7B	1.7B
Cash And Short Term Investments	591M	1.1B	568M	555M	2.6B	2.7B
Net Receivables	3.5B	3.0B	3.5B	4.3B	4.8B	4.1B
Good Will	13.5B	12.9B	14.8B	14.8B	15.0B	15.3B
Common Stock Shares Outstanding	420.8M	404M	401.6M	400.8M	401.1M	342.7M
Short Term Investments	221M	664M	271M	261M	2.1B	2.2B
Non Current Liabilities Total	11.5B	11.0B	10.4B	11.6B	11.6B	8.9B
Inventory	2.8B	2.1B	3.0B	3.4B	3.7B	3.0B
Other Current Assets	1.8B	3.0B	468M	452M	563M	1.0B
Other Stockholder Equity	12.2B	12.3B	12.4B	12.5B	12.6B	13.0B
Total Liab	16.7B	16.9B	17.6B	17.9B	19.4B	13.8B
Total Current Assets	8.7B	9.2B	7.5B	8.7B	11.7B	9.2B
Intangible Assets	4.6B	4.2B	5.9B	5.5B	5.1B	4.5B
Short Long Term Debt Total	8.8B	8.5B	9.0B	9.2B	9.9B	9.6B
Liabilities And Stockholders Equity	32.8B	31.8B	34.0B	35.0B	38.4B	36.6B
Accumulated Other Comprehensive Income	(4.3B)	(4.2B)	(3.6B)	(3.9B)	(3.9B)	(4.1B)
Short Term Debt	624M	1.2B	1.9B	461M	1.2B	1.0B
Other Liab	3.3B	3.5B	3.1B	2.8B	2.5B	2.5B
Net Tangible Assets	(2.0B)	(2.1B)	(4.2B)	(3.2B)	(2.9B)	(3.1B)
Long Term Debt	6.8B	7.8B	7.0B	6.8B	6.1B	5.7B
Property Plant Equipment	3.9B	3.4B	3.5B	3.7B	4.3B	3.9B

Also Currently Popular

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.

V	Visa Class A
GOOG	Alphabet Inc Class C
GOOG	Alphabet Inc Class C

Additional Tools for Eaton Stock Analysis

When running Eaton Corp's price analysis, check to measure Eaton Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eaton Corp is operating at the current time. Most of Eaton Corp's value examination focuses on studying past and present price action to predict the probability of Eaton Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eaton Corp's price. Additionally, you may evaluate how the addition of Eaton Corp to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Eaton Income Tax Expense vs Operating Income Analysis

Income Tax Expense vs Operating Income

Income Tax Expense vs Operating Income Correlation Analysis

Correlation Coefficient

Income Tax Expense

Operating Income

Eaton Corp fundamental ratios Correlations

Eaton Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Eaton Corp fundamental ratios Accounts

Also Currently Popular

Additional Tools for Eaton Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Currrent Assets Other	+ 0.99	Net Debt
Good Will	+ 0.98	Non Current Assets Total
Short Term Investments	+ 0.97	Cash And Short Term Investments
Other Stockholder Equity	+ 0.95	Net Debt
Inventory	+ 0.95	Accounts Payable
Other Stockholder Equity	+ 0.95	Non Currrent Assets Other

Non Currrent Assets Other	- 0.92	Other Current Liab
Net Debt	- 0.87	Other Current Liab
Intangible Assets	- 0.86	Other Stockholder Equity
Other Stockholder Equity	- 0.84	Other Current Liab
Common Stock	- 0.78	Retained Earnings
Intangible Assets	- 0.76	Non Currrent Assets Other