ASX Income Before Tax vs Depreciation And Amortization Analysis

ASX Stock

66.06 0.26 0.39%

ASX financial indicator trend analysis is way more than just evaluating ASX prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ASX is a good investment. Please check the relationship between ASX Income Before Tax and its Depreciation And Amortization accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ASX. 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 Before Tax vs Depreciation And Amortization

Income Before Tax vs Depreciation And Amortization Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ASX Income Before Tax account and Depreciation And Amortization. At this time, the significance of the direction appears to have very strong relationship.

The correlation between ASX's Income Before Tax and Depreciation And Amortization is 0.89. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of ASX, assuming nothing else is changed. The correlation between historical values of ASX's Income Before Tax and Depreciation And Amortization 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 Before Tax of ASX are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Income Before Tax i.e., ASX's Income Before Tax and Depreciation And Amortization go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on ASX income statement and is an important metric when analyzing ASX 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.

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.

Most indicators from ASX's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ASX 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 ASX. 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.

Selling General Administrative is likely to gain to about 353.7 M in 2024. Tax Provision is likely to gain to about 212.2 M in 2024

	2021	2022	2023	2024 (projected)
Interest Expense	13.8M	333.1M	460.6M	483.6M
Depreciation And Amortization	52.4M	39.1M	40M	32.1M

Interest Expense Depreciation And Amortization

ASX fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Property Plant And Equipment Net	Current Deferred Revenue	Accounts Payable	Non Current Assets Total	Property Plant And Equipment Gross	Non Currrent Assets Other	Common Stock Total Equity	Short Term Investments
Total Assets		0.04	0.72	0.99	0.61	0.2	0.74	0.16	0.99	0.64	0.66	0.73	0.24	-0.28	-0.3	0.99	0.99	0.1	0.67	0.87	-0.46	0.58	0.72	-0.25	0.61	0.88
Short Long Term Debt Total	0.04		-0.4	-0.01	0.42	0.78	0.43	-0.02	0.02	0.21	0.35	-0.29	0.58	-0.26	0.49	-0.02	0.01	0.6	-0.13	-0.29	-0.09	0.35	-0.6	-0.53	0.34	-0.02
Other Current Liab	0.72	-0.4		0.75	0.18	-0.2	0.19	-0.08	0.74	0.35	0.28	0.67	-0.09	-0.15	-0.65	0.76	0.74	-0.61	0.85	0.87	-0.22	0.2	0.91	-0.32	0.26	0.75
Total Current Liabilities	0.99	-0.01	0.75		0.5	0.21	0.68	0.1	1.0	0.63	0.56	0.7	0.18	-0.3	-0.4	1.0	1.0	0.06	0.71	0.91	-0.51	0.46	0.76	-0.27	0.51	0.9
Total Stockholder Equity	0.61	0.42	0.18	0.5		0.15	0.88	0.42	0.51	0.56	0.99	0.31	0.66	-0.1	0.39	0.5	0.53	0.34	0.26	0.25	-0.03	0.98	0.08	-0.1	0.98	0.32
Net Debt	0.2	0.78	-0.2	0.21	0.15		0.34	-0.4	0.22	0.23	0.12	-0.04	0.19	-0.15	0.05	0.21	0.22	0.56	0.08	0.02	-0.33	0.06	-0.31	-0.64	0.09	0.35
Retained Earnings	0.74	0.43	0.19	0.68	0.88	0.34		0.34	0.69	0.6	0.85	0.32	0.62	-0.25	0.17	0.67	0.7	0.53	0.36	0.45	-0.34	0.81	0.18	-0.11	0.84	0.5
Cash	0.16	-0.02	-0.08	0.1	0.42	-0.4	0.34		0.09	0.34	0.38	-0.03	0.41	-0.02	0.58	0.1	0.1	0.25	-0.05	-0.12	0.01	0.49	-0.04	0.3	0.35	-0.32
Cash And Short Term Investments	0.99	0.02	0.74	1.0	0.51	0.22	0.69	0.09		0.59	0.57	0.69	0.21	-0.36	-0.4	1.0	1.0	0.08	0.69	0.91	-0.53	0.47	0.75	-0.26	0.52	0.9
Net Receivables	0.64	0.21	0.35	0.63	0.56	0.23	0.6	0.34	0.59		0.55	0.35	0.33	-0.18	0.14	0.62	0.62	0.22	0.38	0.38	-0.37	0.55	0.28	-0.28	0.55	0.42
Common Stock Shares Outstanding	0.66	0.35	0.28	0.56	0.99	0.12	0.85	0.38	0.57	0.55		0.43	0.58	-0.06	0.32	0.56	0.58	0.25	0.31	0.33	-0.02	0.98	0.18	-0.12	0.98	0.4
Non Current Liabilities Total	0.73	-0.29	0.67	0.7	0.31	-0.04	0.32	-0.03	0.69	0.35	0.43		-0.38	0.12	-0.31	0.72	0.71	-0.17	0.45	0.67	-0.17	0.35	0.76	-0.05	0.38	0.72
Inventory	0.24	0.58	-0.09	0.18	0.66	0.19	0.62	0.41	0.21	0.33	0.58	-0.38		-0.45	0.41	0.17	0.19	0.36	0.08	-0.01	-0.16	0.6	-0.26	-0.17	0.57	-0.03
Other Current Assets	-0.28	-0.26	-0.15	-0.3	-0.1	-0.15	-0.25	-0.02	-0.36	-0.18	-0.06	0.12	-0.45		0.1	-0.29	-0.3	-0.16	-0.07	-0.24	0.64	0.01	-0.16	0.07	-0.07	-0.19
Other Stockholder Equity	-0.3	0.49	-0.65	-0.4	0.39	0.05	0.17	0.58	-0.4	0.14	0.32	-0.31	0.41	0.1		-0.4	-0.38	0.51	-0.57	-0.72	0.18	0.44	-0.68	0.14	0.32	-0.62
Total Liab	0.99	-0.02	0.76	1.0	0.5	0.21	0.67	0.1	1.0	0.62	0.56	0.72	0.17	-0.29	-0.4		1.0	0.05	0.71	0.91	-0.51	0.46	0.77	-0.27	0.51	0.91
Total Current Assets	0.99	0.01	0.74	1.0	0.53	0.22	0.7	0.1	1.0	0.62	0.58	0.71	0.19	-0.3	-0.38	1.0		0.08	0.7	0.9	-0.51	0.49	0.75	-0.26	0.53	0.9
Short Term Debt	0.1	0.6	-0.61	0.06	0.34	0.56	0.53	0.25	0.08	0.22	0.25	-0.17	0.36	-0.16	0.51	0.05	0.08		-0.43	-0.23	-0.3	0.26	-0.46	0.16	0.22	-0.05
Property Plant And Equipment Net	0.67	-0.13	0.85	0.71	0.26	0.08	0.36	-0.05	0.69	0.38	0.31	0.45	0.08	-0.07	-0.57	0.71	0.7	-0.43		0.78	-0.25	0.25	0.67	-0.57	0.32	0.69
Current Deferred Revenue	0.87	-0.29	0.87	0.91	0.25	0.02	0.45	-0.12	0.91	0.38	0.33	0.67	-0.01	-0.24	-0.72	0.91	0.9	-0.23	0.78		-0.43	0.22	0.9	-0.18	0.29	0.91
Accounts Payable	-0.46	-0.09	-0.22	-0.51	-0.03	-0.33	-0.34	0.01	-0.53	-0.37	-0.02	-0.17	-0.16	0.64	0.18	-0.51	-0.51	-0.3	-0.25	-0.43		0.05	-0.32	0.13	0.01	-0.43
Non Current Assets Total	0.58	0.35	0.2	0.46	0.98	0.06	0.81	0.49	0.47	0.55	0.98	0.35	0.6	0.01	0.44	0.46	0.49	0.26	0.25	0.22	0.05		0.1	-0.09	0.97	0.26
Property Plant And Equipment Gross	0.72	-0.6	0.91	0.76	0.08	-0.31	0.18	-0.04	0.75	0.28	0.18	0.76	-0.26	-0.16	-0.68	0.77	0.75	-0.46	0.67	0.9	-0.32	0.1		0.02	0.16	0.75
Non Currrent Assets Other	-0.25	-0.53	-0.32	-0.27	-0.1	-0.64	-0.11	0.3	-0.26	-0.28	-0.12	-0.05	-0.17	0.07	0.14	-0.27	-0.26	0.16	-0.57	-0.18	0.13	-0.09	0.02		-0.1	-0.37
Common Stock Total Equity	0.61	0.34	0.26	0.51	0.98	0.09	0.84	0.35	0.52	0.55	0.98	0.38	0.57	-0.07	0.32	0.51	0.53	0.22	0.32	0.29	0.01	0.97	0.16	-0.1		0.35
Short Term Investments	0.88	-0.02	0.75	0.9	0.32	0.35	0.5	-0.32	0.9	0.42	0.4	0.72	-0.03	-0.19	-0.62	0.91	0.9	-0.05	0.69	0.91	-0.43	0.26	0.75	-0.37	0.35

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ASX Account Relationship Matchups

ASX fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	17.4B	16.6B	18.2B	16.8B	16.9B	17.7B
Short Long Term Debt Total	12.8B	72.4M	67.6M	78.6M	334.3M	317.6M
Other Current Liab	13.2B	12.4B	13.9B	12.7B	12.4B	13.1B
Total Current Liabilities	13.3B	12.5B	14.1B	12.9B	12.6B	13.2B
Total Stockholder Equity	3.7B	3.7B	3.8B	3.6B	3.7B	2.5B
Net Debt	12.3B	(5.3B)	(4.9B)	(930M)	(908.8M)	(863.4M)
Retained Earnings	603.8M	629.9M	697.8M	557.8M	619.1M	396.7M
Cash	468.6M	5.4B	5.0B	1.0B	1.2B	1.7B
Cash And Short Term Investments	13.9B	13.4B	14.5B	13.5B	13.4B	14.1B
Net Receivables	761.6M	362.6M	857.1M	619.4M	659.3M	333.6M
Common Stock Shares Outstanding	193.6M	193.6M	193.6M	193.6M	193.7M	172.1M
Liabilities And Stockholders Equity	17.4B	16.6B	18.2B	16.8B	16.9B	17.7B
Non Current Liabilities Total	348.1M	353.5M	362.2M	326.4M	592.7M	622.3M
Other Current Assets	23.3M	21M	17.8M	24.3M	28.4M	27.0M
Other Stockholder Equity	89.4M	79.2M	80.4M	55.6M	63.9M	60.7M
Total Liab	13.7B	12.9B	14.4B	13.2B	13.2B	13.8B
Total Current Assets	14.6B	13.8B	15.3B	14.2B	14.1B	14.8B
Accumulated Other Comprehensive Income	89.4M	79.2M	80.4M	55.6M	59M	95.5M
Short Term Debt	9.5M	9.8M	10.6M	31.1M	11.3M	10.7M
Property Plant And Equipment Net	137M	122.5M	110M	90.5M	101.4M	67.4M
Current Deferred Revenue	89.1M	108.7M	119M	112.5M	102M	107.1M
Accounts Payable	5.6M	6.5M	9.2M	12.1M	10.4M	9.9M
Non Current Assets Total	2.8B	2.8B	2.9B	2.7B	2.8B	2.0B
Property Plant And Equipment Gross	137M	271.3M	283.8M	286.4M	316.4M	332.2M
Non Currrent Assets Other	(2.3B)	6.8M	5.6M	2.7M	8.5M	8.9M
Short Term Investments	13.4B	8.0B	9.5B	12.5B	12.2B	12.8B
Other Liab	276.5M	290.9M	305.2M	278.9M	251.0M	238.5M
Other Assets	17.4B	54.9M	60.7M	67.1M	16.9B	17.7B
Property Plant Equipment	137M	122.5M	110M	90.5M	104.1M	65.0M
Intangible Assets	2.5B	248.9M	319.7M	151.3M	248.8M	209.0M
Net Tangible Assets	1.2B	1.2B	1.2B	1.2B	1.1B	1.1B
Long Term Investments	85.6M	87.6M	97.6M	51.8M	37.5M	35.6M
Long Term Debt Total	71.6M	62.6M	57M	47.5M	54.6M	37.5M
Net Invested Capital	3.7B	3.7B	3.8B	3.7B	4.0B	3.1B
Net Working Capital	1.3B	1.3B	1.3B	1.3B	1.5B	1.5B

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