Applied Operating Income vs Total Revenue Analysis

AIT Stock

USD 269.23 3.49 1.31%

Applied Industrial financial indicator trend analysis is way more than just evaluating Applied Industrial prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Applied Industrial is a good investment. Please check the relationship between Applied Industrial Operating Income and its Total Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Applied Industrial Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Operating Income vs Total Revenue

Operating Income vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Applied Industrial Operating Income account and Total Revenue. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Applied Industrial's Operating Income and Total Revenue is 0.93. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Applied Industrial Technologies, assuming nothing else is changed. The correlation between historical values of Applied Industrial's Operating Income and Total 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 Operating Income of Applied Industrial Technologies are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Operating Income i.e., Applied Industrial's Operating Income and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Applied Industrial 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 Applied Industrial Technologies 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.

Total Revenue

Total revenue comprises all receipts Applied Industrial generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Most indicators from Applied Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Applied Industrial 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 Applied Industrial Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

At this time, Applied Industrial's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 5.5 B in 2024, whereas Selling General Administrative is likely to drop slightly above 446.3 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.1B	1.3B	1.3B	1.4B
Total Revenue	3.8B	4.4B	4.5B	4.7B

Gross Profit Total Revenue

Applied Industrial fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		0.85	0.76	0.98	0.89	0.91	0.54	0.94	0.83	0.96	0.43	0.83	0.97	-0.84	0.86	0.72	0.79	-0.94	0.92	0.84	0.97	0.55	0.75	0.64	-0.54	-0.54
Short Long Term Debt Total	0.85		0.44	0.82	0.55	0.7	0.86	0.65	0.54	0.96	0.13	0.54	0.73	-0.7	0.99	0.65	0.4	-0.78	0.98	0.52	0.7	0.7	0.67	0.89	-0.26	-0.26
Other Current Liab	0.76	0.44		0.74	0.88	0.87	0.0	0.85	0.87	0.61	0.67	0.87	0.82	-0.6	0.42	0.36	0.86	-0.69	0.53	0.92	0.85	0.39	0.45	0.08	-0.64	-0.64
Total Current Liabilities	0.98	0.82	0.74		0.87	0.88	0.54	0.92	0.76	0.94	0.52	0.76	0.97	-0.82	0.83	0.79	0.81	-0.94	0.91	0.78	0.95	0.51	0.82	0.64	-0.43	-0.43
Total Stockholder Equity	0.89	0.55	0.88	0.87		0.88	0.12	0.99	0.91	0.74	0.56	0.91	0.95	-0.78	0.54	0.56	0.93	-0.85	0.65	0.94	0.97	0.29	0.59	0.25	-0.73	-0.73
Property Plant And Equipment Net	0.91	0.7	0.87	0.88	0.88		0.31	0.92	0.93	0.82	0.49	0.93	0.88	-0.77	0.71	0.54	0.82	-0.88	0.78	0.93	0.93	0.62	0.56	0.39	-0.61	-0.61
Net Debt	0.54	0.86	0.0	0.54	0.12	0.31		0.25	0.08	0.75	-0.12	0.08	0.4	-0.4	0.88	0.61	-0.03	-0.51	0.82	0.08	0.32	0.57	0.61	0.97	0.16	0.16
Retained Earnings	0.94	0.65	0.85	0.92	0.99	0.92	0.25		0.91	0.82	0.49	0.91	0.97	-0.84	0.64	0.62	0.89	-0.92	0.74	0.93	0.99	0.36	0.64	0.37	-0.7	-0.7
Cash	0.83	0.54	0.87	0.76	0.91	0.93	0.08	0.91		0.68	0.42	1.0	0.81	-0.72	0.53	0.38	0.85	-0.78	0.61	0.95	0.9	0.51	0.4	0.18	-0.75	-0.75
Non Current Assets Total	0.96	0.96	0.61	0.94	0.74	0.82	0.75	0.82	0.68		0.3	0.68	0.89	-0.79	0.96	0.74	0.61	-0.9	0.99	0.69	0.86	0.63	0.77	0.81	-0.39	-0.39
Non Currrent Assets Other	0.43	0.13	0.67	0.52	0.56	0.49	-0.12	0.49	0.42	0.3		0.42	0.54	-0.18	0.13	0.47	0.72	-0.33	0.24	0.47	0.52	0.14	0.52	0.02	-0.06	-0.06
Cash And Short Term Investments	0.83	0.54	0.87	0.76	0.91	0.93	0.08	0.91	1.0	0.68	0.42		0.81	-0.72	0.53	0.38	0.85	-0.78	0.61	0.95	0.9	0.51	0.4	0.18	-0.75	-0.75
Net Receivables	0.97	0.73	0.82	0.97	0.95	0.88	0.4	0.97	0.81	0.89	0.54	0.81		-0.83	0.74	0.72	0.86	-0.93	0.83	0.86	0.98	0.39	0.76	0.51	-0.57	-0.57
Common Stock Shares Outstanding	-0.84	-0.7	-0.6	-0.82	-0.78	-0.77	-0.4	-0.84	-0.72	-0.79	-0.18	-0.72	-0.83		-0.7	-0.43	-0.62	0.87	-0.76	-0.72	-0.83	-0.35	-0.43	-0.45	0.68	0.68
Non Current Liabilities Total	0.86	0.99	0.42	0.83	0.54	0.71	0.88	0.64	0.53	0.96	0.13	0.53	0.74	-0.7		0.69	0.4	-0.8	0.99	0.51	0.7	0.72	0.71	0.9	-0.22	-0.22
Inventory	0.72	0.65	0.36	0.79	0.56	0.54	0.61	0.62	0.38	0.74	0.47	0.38	0.72	-0.43	0.69		0.54	-0.74	0.74	0.4	0.66	0.31	0.97	0.73	0.08	0.08
Other Current Assets	0.79	0.4	0.86	0.81	0.93	0.82	-0.03	0.89	0.85	0.61	0.72	0.85	0.86	-0.62	0.4	0.54		-0.72	0.52	0.84	0.9	0.32	0.57	0.11	-0.55	-0.55
Other Stockholder Equity	-0.94	-0.78	-0.69	-0.94	-0.85	-0.88	-0.51	-0.92	-0.78	-0.9	-0.33	-0.78	-0.93	0.87	-0.8	-0.74	-0.72		-0.87	-0.79	-0.92	-0.44	-0.74	-0.6	0.5	0.5
Total Liab	0.92	0.98	0.53	0.91	0.65	0.78	0.82	0.74	0.61	0.99	0.24	0.61	0.83	-0.76	0.99	0.74	0.52	-0.87		0.61	0.8	0.69	0.77	0.86	-0.29	-0.29
Property Plant And Equipment Gross	0.84	0.52	0.92	0.78	0.94	0.93	0.08	0.93	0.95	0.69	0.47	0.95	0.86	-0.72	0.51	0.4	0.84	-0.79	0.61		0.92	0.39	0.44	0.17	-0.79	-0.79
Total Current Assets	0.97	0.7	0.85	0.95	0.97	0.93	0.32	0.99	0.9	0.86	0.52	0.9	0.98	-0.83	0.7	0.66	0.9	-0.92	0.8	0.92		0.44	0.69	0.44	-0.64	-0.64
Short Term Debt	0.55	0.7	0.39	0.51	0.29	0.62	0.57	0.36	0.51	0.63	0.14	0.51	0.39	-0.35	0.72	0.31	0.32	-0.44	0.69	0.39	0.44		0.35	0.51	-0.06	-0.06
Accounts Payable	0.75	0.67	0.45	0.82	0.59	0.56	0.61	0.64	0.4	0.77	0.52	0.4	0.76	-0.43	0.71	0.97	0.57	-0.74	0.77	0.44	0.69	0.35		0.73	0.06	0.06
Intangible Assets	0.64	0.89	0.08	0.64	0.25	0.39	0.97	0.37	0.18	0.81	0.02	0.18	0.51	-0.45	0.9	0.73	0.11	-0.6	0.86	0.17	0.44	0.51	0.73		0.1	0.1
Common Stock Total Equity	-0.54	-0.26	-0.64	-0.43	-0.73	-0.61	0.16	-0.7	-0.75	-0.39	-0.06	-0.75	-0.57	0.68	-0.22	0.08	-0.55	0.5	-0.29	-0.79	-0.64	-0.06	0.06	0.1		1.0
Common Stock	-0.54	-0.26	-0.64	-0.43	-0.73	-0.61	0.16	-0.7	-0.75	-0.39	-0.06	-0.75	-0.57	0.68	-0.22	0.08	-0.55	0.5	-0.29	-0.79	-0.64	-0.06	0.06	0.1	1.0

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Applied Industrial Account Relationship Matchups

Applied Industrial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.3B	2.3B	2.5B	2.7B	3.0B	3.1B
Short Long Term Debt Total	933.8M	828.4M	689.3M	622.1M	734.9M	771.7M
Other Current Liab	99.3M	148.7M	200.0M	182.3M	209.1M	219.6M
Total Current Liabilities	426.1M	427.7M	499.6M	540.3M	501.1M	526.2M
Total Stockholder Equity	843.5M	932.5M	1.1B	1.5B	1.7B	1.8B
Property Plant And Equipment Net	212.5M	202.7M	219.9M	215.7M	251.8M	264.4M
Net Debt	665.2M	570.6M	504.9M	278.1M	274.3M	164.3M
Retained Earnings	1.2B	1.3B	1.5B	1.8B	2.1B	2.2B
Cash	268.6M	257.7M	184.5M	344.0M	460.6M	483.6M
Non Current Assets Total	1.1B	1.1B	1.1B	1.1B	1.2B	1.2B
Non Currrent Assets Other	27.4M	32.8M	59.3M	66.8M	42.4M	31.2M
Cash And Short Term Investments	268.6M	257.7M	184.5M	344.0M	460.6M	483.6M
Net Receivables	450.0M	516.3M	656.4M	708.4M	737.5M	774.4M
Common Stock Shares Outstanding	39.0M	39.3M	39.1M	39.2M	39.3M	33.3M
Liabilities And Stockholders Equity	2.3B	2.3B	2.5B	2.7B	3.0B	3.1B
Non Current Liabilities Total	1.0B	911.6M	803.6M	744.6M	762.0M	800.1M
Inventory	389.2M	362.5M	449.8M	501.2M	488.3M	249.9M
Other Current Assets	52.1M	60.0M	68.8M	93.2M	83.5M	87.7M
Other Stockholder Equity	(237.6M)	(278.8M)	(288.0M)	(288.9M)	(365.5M)	(347.2M)
Total Liab	1.4B	1.3B	1.3B	1.3B	1.3B	1.3B
Property Plant And Equipment Gross	212.5M	202.7M	326.9M	344.1M	496.5M	521.3M
Total Current Assets	1.2B	1.2B	1.4B	1.6B	1.8B	1.9B
Accumulated Other Comprehensive Income	(129.4M)	(93.1M)	(72.3M)	(55.3M)	(77.6M)	(73.7M)
Short Term Debt	78.6M	70.9M	40.2M	56.3M	25.1M	36.6M
Accounts Payable	186.3M	208.2M	259.5M	301.7M	266.9M	134.2M
Intangible Assets	343.2M	279.6M	250.6M	235.5M	245.9M	159.7M
Other Liab	90.9M	126.7M	154.5M	74.9M	86.2M	69.4M
Other Assets	15.2M	32.8M	59.3M	66.8M	1.0	0.95
Long Term Debt	855.1M	784.9M	649.2M	596.9M	572.3M	327.8M
Good Will	540.6M	560.1M	563.2M	578.4M	619.4M	650.4M
Treasury Stock	(414.1M)	(455.8M)	(471.8M)	(477.5M)	(429.8M)	(408.3M)
Property Plant Equipment	212.5M	202.7M	111.9M	215.7M	248.1M	260.5M
Current Deferred Revenue	68.0M	61.9M	77.7M	98.7M	113.6M	73.2M
Net Tangible Assets	(40.3M)	92.8M	335.6M	644.5M	580.0M	315.8M
Retained Earnings Total Equity	1.2B	1.3B	1.5B	1.8B	2.1B	1.1B
Capital Surpluse	176.5M	177.0M	183.8M	188.6M	216.9M	183.2M
Non Current Liabilities Other	158.8M	126.7M	154.5M	147.6M	189.8M	107.9M
Accumulated Depreciation	(192.1M)	(204.3M)	(215.0M)	(229.0M)	(206.1M)	(216.4M)
Long Term Debt Total	855.1M	784.9M	649.2M	596.9M	686.5M	642.0M
Short Long Term Debt	78.6M	43.5M	40.2M	25.2M	25.1M	33.7M

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