Assurant Depreciation And Amortization vs Operating Income Analysis

AIZ Stock  USD 213.12  4.21  1.94%   
Assurant financial indicator trend analysis is way more than just evaluating Assurant prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Assurant is a good investment. Please check the relationship between Assurant Depreciation And Amortization and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Assurant. 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.
For more information on how to buy Assurant Stock please use our How to Invest in Assurant guide.

Depreciation And Amortization vs Operating Income

JavaScript chart by amCharts 3.21.15201420162018202020222024120M125M130M135M140M145M150M155M160M165M170M175M180M185M190M195M200M 300M400M500M600M700M800M900M1B1.1B1.2B1.3B1.4B1.5B
JavaScript chart by amCharts 3.21.15Depreciation And Amortizationtotal: 1.7BOperating Incometotal: 8.1B

Depreciation And Amortization vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Assurant Depreciation And Amortization account and Operating Income. At this time, the significance of the direction appears to have weak relationship.
Depreciation And AmortizationOperating IncomeDiversified AwayDepreciation And AmortizationOperating IncomeDiversified Away100%
The correlation between Assurant's Depreciation And Amortization and Operating Income is 0.31. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Operating Income in the same time period over historical financial statements of Assurant, assuming nothing else is changed. The correlation between historical values of Assurant's Depreciation And Amortization 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 Depreciation And Amortization of Assurant 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 Depreciation And Amortization i.e., Assurant's Depreciation And Amortization and Operating Income go up and down completely randomly.

Correlation Coefficient

0.31
Relationship DirectionPositive 
Relationship StrengthVery Weak

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Operating Income

Operating Income is the amount of profit realized from Assurant 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 Assurant 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 Assurant's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Assurant 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 Assurant. 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.
For more information on how to buy Assurant Stock please use our How to Invest in Assurant guide.At this time, Assurant's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.30 in 2024, whereas Tax Provision is likely to drop slightly above 121.7 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit10.2B10.2B11.1B9.3B
Total Revenue10.2B10.2B11.1B9.3B

Assurant fundamental ratios Correlations

0.7-0.28-0.61-0.251.0-0.390.150.690.570.70.820.60.6-0.260.49-0.090.380.42-0.030.460.10.1-0.070.640.53
0.7-0.36-0.27-0.260.64-0.24-0.110.740.430.750.470.20.54-0.560.10.030.170.320.090.17-0.390.09-0.210.60.14
-0.28-0.360.540.18-0.260.070.28-0.290.05-0.35-0.15-0.06-0.20.50.190.1-0.62-0.250.0-0.360.09-0.76-0.61-0.250.19
-0.61-0.270.540.57-0.630.150.22-0.7-0.13-0.53-0.55-0.42-0.530.480.060.17-0.58-0.52-0.02-0.69-0.07-0.4-0.33-0.56-0.5
-0.25-0.260.180.57-0.24-0.43-0.06-0.640.03-0.20.080.34-0.650.730.34-0.480.2-0.14-0.630.070.57-0.29-0.23-0.63-0.65
1.00.64-0.26-0.63-0.24-0.390.170.660.560.670.830.630.58-0.210.52-0.10.390.41-0.050.480.150.1-0.050.620.56
-0.39-0.240.070.15-0.43-0.390.08-0.08-0.61-0.57-0.64-0.740.15-0.32-0.060.82-0.65-0.430.84-0.67-0.290.50.530.080.12
0.15-0.110.280.22-0.060.170.08-0.250.3-0.2-0.04-0.02-0.150.290.390.24-0.43-0.160.24-0.29-0.08-0.15-0.1-0.170.3
0.690.74-0.29-0.7-0.640.66-0.08-0.250.230.740.550.280.65-0.72-0.040.040.270.520.20.42-0.260.15-0.090.690.45
0.570.430.05-0.130.030.56-0.610.30.230.540.570.460.270.120.18-0.480.170.31-0.120.27-0.03-0.33-0.410.320.35
0.70.75-0.35-0.53-0.20.67-0.57-0.20.740.540.770.520.41-0.41-0.03-0.380.480.62-0.250.57-0.21-0.1-0.320.50.17
0.820.47-0.15-0.550.080.83-0.64-0.040.550.570.770.890.30.050.49-0.510.550.58-0.370.730.4-0.12-0.310.360.31
0.60.2-0.06-0.420.340.63-0.74-0.020.280.460.520.89-0.050.340.5-0.710.630.57-0.610.830.64-0.22-0.340.010.13
0.60.54-0.2-0.53-0.650.580.15-0.150.650.270.410.3-0.05-0.540.050.34-0.070.20.46-0.01-0.340.250.150.990.72
-0.26-0.560.50.480.73-0.21-0.320.29-0.720.12-0.410.050.34-0.540.48-0.36-0.09-0.04-0.48-0.040.63-0.45-0.32-0.56-0.11
0.490.10.190.060.340.52-0.060.39-0.040.18-0.030.490.50.050.480.08-0.050.09-0.020.010.610.04-0.070.040.27
-0.090.030.10.17-0.48-0.10.820.240.04-0.48-0.38-0.51-0.710.34-0.360.08-0.67-0.40.71-0.75-0.440.330.350.280.27
0.380.17-0.62-0.580.20.39-0.65-0.430.270.170.480.550.63-0.07-0.09-0.05-0.670.41-0.620.830.440.220.160.0-0.24
0.420.32-0.25-0.52-0.140.41-0.43-0.160.520.310.620.580.570.2-0.040.09-0.40.41-0.30.540.07-0.06-0.220.250.31
-0.030.090.0-0.02-0.63-0.050.840.240.2-0.12-0.25-0.37-0.610.46-0.48-0.020.71-0.62-0.3-0.57-0.440.480.440.40.38
0.460.17-0.36-0.690.070.48-0.67-0.290.420.270.570.730.83-0.01-0.040.01-0.750.830.54-0.570.43-0.02-0.090.050.01
0.1-0.390.09-0.070.570.15-0.29-0.08-0.26-0.03-0.210.40.64-0.340.630.61-0.440.440.07-0.440.430.030.04-0.34-0.08
0.10.09-0.76-0.4-0.290.10.5-0.150.15-0.33-0.1-0.12-0.220.25-0.450.040.330.22-0.060.48-0.020.030.90.24-0.04
-0.07-0.21-0.61-0.33-0.23-0.050.53-0.1-0.09-0.41-0.32-0.31-0.340.15-0.32-0.070.350.16-0.220.44-0.090.040.90.12-0.04
0.640.6-0.25-0.56-0.630.620.08-0.170.690.320.50.360.010.99-0.560.040.280.00.250.40.05-0.340.240.120.7
0.530.140.19-0.5-0.650.560.120.30.450.350.170.310.130.72-0.110.270.27-0.240.310.380.01-0.08-0.04-0.040.7
Click cells to compare fundamentals

Assurant Account Relationship Matchups

Assurant fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets44.3B44.6B33.9B33.1B33.6B32.7B
Total Stockholder Equity5.7B6.0B5.5B4.2B4.8B4.8B
Other Assets13.3B10.4B6.6B19.0B250.3M237.8M
Common Stock Shares Outstanding62.3M63.2M60.1M54.8M53.8M72.7M
Liabilities And Stockholders Equity44.3B44.6B33.9B33.1B33.6B32.7B
Total Liab38.6B38.7B28.4B28.9B28.8B27.9B
Other Current Liab(4.0B)(16.9B)(4.5B)(4.2B)(2.4B)(2.3B)
Other Liab11.9B14.9B2.0B620M713M677.4M
Retained Earnings5.2B5.2B5.6B5.2B4.0B3.7B
Accounts Payable4.0B16.9B4.5B4.2B2.4B3.5B
Cash1.9B2.2B2.0B1.5B1.6B1.3B
Long Term Debt2.3B2.6B2.2B2.1B2.1B1.5B
Good Will2.3B2.6B2.6B2.6B2.6B1.4B
Short Term Investments12.7B13.8B7.5B6.4B6.9B6.3B
Intangible Assets2.0B1.2B583.4M262.8M567.1M725.2M
Property Plant Equipment433.7M493.3M561.4M645.1M741.9M779.0M
Short Long Term Debt Total2.4B2.7B4.4B2.4B2.1B2.0B
Total Current Liabilities4.0B16.9B4.5B4.2B3.5B3.3B
Property Plant And Equipment Net433.7M493.3M561.4M645.1M685.8M389.0M
Net Debt139.8M24.3M161.7M593.2M453M475.7M
Non Current Assets Total6.8B8.4B11.6B3.9B22.6B23.7B
Non Currrent Assets Other(6.8B)(8.4B)(11.6B)(6.3B)18.2B19.1B
Cash And Short Term Investments14.6B16.0B9.5B8.0B8.5B8.2B
Net Receivables9.6B9.8B6.2B7.0B2.3B2.2B
Non Current Liabilities Total2.0B2.3B2.2B4.2B28.8B30.3B
Other Current Assets(22.3B)4.1B3.9B(4.6B)4.4B4.2B
Property Plant And Equipment Gross347M392M433M190M218.5M319.6M
Total Current Assets24.2B25.9B15.7B10.2B10.8B10.3B
Accumulated Other Comprehensive Income411.5M709.8M(150M)(986.2M)(765M)(726.8M)
Treasury Stock(5.0B)(5.3B)(267.4M)(122.8M)(110.5M)(116.0M)
Short Term Debt102.4M50M2.2B224.7M202.2M192.1M
Noncontrolling Interest In Consolidated Entity10.9M21.9M29.3M3.4M3.9M6.0M
Retained Earnings Total Equity6.0B3.5B4.1B3.7B4.3B4.4B
Inventory22.3B(4.1B)(3.9B)(155.5M)(6.2B)(5.9B)
Net Tangible Assets2.8B2.7B2.9B986.8M888.1M843.7M

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