CiT Income Before Tax vs Total Operating Expenses Analysis

CINT Stock

USD 6.82 0.02 0.29%

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

Income Before Tax vs Total Operating Expenses

Income Before Tax vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CiT Inc Income Before Tax account and Total Operating Expenses. At this time, the significance of the direction appears to have strong relationship.

The correlation between CiT's Income Before Tax and Total Operating Expenses is 0.79. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of CiT Inc, assuming nothing else is changed. The correlation between historical values of CiT's Income Before Tax and Total Operating Expenses 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 CiT Inc are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Income Before Tax i.e., CiT's Income Before Tax and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.79

Relationship Direction	Positive
Relationship Strength	Significant

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Income Before Tax

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

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

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

Enterprise Value is likely to gain to about 6 B in 2024, whereas Tax Provision is likely to drop slightly above 72.6 M in 2024.

	2021	2022	2023	2024 (projected)
EBIT	240.1M	274.1M	292.8M	307.5M
Other Operating Expenses	1.2B	1.9B	1.9B	2.0B

Ebit Other Operating Expenses

CiT fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Other Current Assets	Other Stockholder Equity	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Good Will	Common Stock Shares Outstanding
Other Current Liab		0.97	0.65	-0.44	0.63	0.66	0.2	0.84	0.56	0.7	0.82	-0.24	0.78	0.83	0.85	0.8	0.26	0.47	0.84	0.76	0.81	0.62	0.8	0.52	0.8	0.15
Total Current Liabilities	0.97		0.7	-0.39	0.71	0.81	0.08	0.9	0.66	0.79	0.93	-0.34	0.84	0.91	0.93	0.89	0.25	0.54	0.91	0.83	0.87	0.65	0.89	0.66	0.86	0.13
Other Liab	0.65	0.7		-0.85	0.97	0.5	-0.56	0.92	0.93	0.94	0.63	-0.61	0.72	0.88	0.84	0.89	-0.43	0.86	0.81	0.86	0.92	0.99	0.87	0.37	0.92	0.75
Net Tangible Assets	-0.44	-0.39	-0.85		-0.74	-0.01	0.5	-0.63	-0.66	-0.64	-0.2	0.5	-0.33	-0.59	-0.52	-0.59	0.66	-0.85	-0.49	-0.61	-0.74	-0.89	-0.57	0.14	-0.74	-0.83
Retained Earnings	0.63	0.71	0.97	-0.74		0.54	-0.6	0.93	0.97	0.9	0.66	-0.5	0.79	0.85	0.8	0.86	-0.41	0.8	0.76	0.9	0.87	0.96	0.84	0.41	0.87	0.74
Accounts Payable	0.66	0.81	0.5	-0.01	0.54		-0.03	0.73	0.58	0.75	0.96	-0.47	0.75	0.81	0.84	0.81	0.42	0.34	0.85	0.64	0.67	0.4	0.82	0.94	0.66	-0.12
Other Assets	0.2	0.08	-0.56	0.5	-0.6	-0.03		-0.31	-0.68	-0.44	0.0	0.34	-0.26	-0.24	-0.15	-0.31	0.82	-0.58	-0.11	-0.4	-0.29	-0.59	-0.28	0.01	-0.31	-0.77
Net Receivables	0.84	0.9	0.92	-0.63	0.93	0.73	-0.31		0.9	0.95	0.85	-0.5	0.88	0.96	0.94	0.95	-0.1	0.71	0.92	0.92	0.93	0.89	0.94	0.61	0.93	0.51
Other Current Assets	0.56	0.66	0.93	-0.66	0.97	0.58	-0.68	0.9		0.89	0.65	-0.47	0.83	0.82	0.78	0.85	-0.41	0.75	0.73	0.91	0.82	0.92	0.83	0.48	0.82	0.72
Other Stockholder Equity	0.7	0.79	0.94	-0.64	0.9	0.75	-0.44	0.95	0.89		0.82	-0.72	0.77	0.96	0.95	0.96	-0.15	0.75	0.94	0.83	0.93	0.89	0.96	0.66	0.93	0.52
Total Current Assets	0.82	0.93	0.63	-0.2	0.66	0.96	0.0	0.85	0.65	0.82		-0.46	0.82	0.9	0.93	0.9	0.34	0.46	0.93	0.76	0.8	0.55	0.9	0.86	0.8	0.0
Common Stock	-0.24	-0.34	-0.61	0.5	-0.5	-0.47	0.34	-0.5	-0.47	-0.72	-0.46		-0.13	-0.65	-0.65	-0.65	0.09	-0.56	-0.67	-0.37	-0.64	-0.57	-0.67	-0.46	-0.64	-0.29
Property Plant Equipment	0.78	0.84	0.72	-0.33	0.79	0.75	-0.26	0.88	0.83	0.77	0.82	-0.13		0.79	0.79	0.79	0.01	0.48	0.75	0.85	0.72	0.68	0.78	0.65	0.72	0.35
Total Assets	0.83	0.91	0.88	-0.59	0.85	0.81	-0.24	0.96	0.82	0.96	0.9	-0.65	0.79		0.99	1.0	0.0	0.74	0.98	0.88	0.97	0.83	1.0	0.67	0.97	0.35
Short Long Term Debt Total	0.85	0.93	0.84	-0.52	0.8	0.84	-0.15	0.94	0.78	0.95	0.93	-0.65	0.79	0.99		0.98	0.11	0.66	1.0	0.84	0.94	0.78	0.98	0.73	0.94	0.28
Total Stockholder Equity	0.8	0.89	0.89	-0.59	0.86	0.81	-0.31	0.95	0.85	0.96	0.9	-0.65	0.79	1.0	0.98		-0.05	0.78	0.96	0.89	0.97	0.84	1.0	0.66	0.97	0.37
Property Plant And Equipment Net	0.26	0.25	-0.43	0.66	-0.41	0.42	0.82	-0.1	-0.41	-0.15	0.34	0.09	0.01	0.0	0.11	-0.05		-0.59	0.16	-0.2	-0.16	-0.51	-0.02	0.53	-0.18	-0.82
Current Deferred Revenue	0.47	0.54	0.86	-0.85	0.8	0.34	-0.58	0.71	0.75	0.75	0.46	-0.56	0.48	0.74	0.66	0.78	-0.59		0.63	0.73	0.86	0.87	0.76	0.09	0.87	0.62
Net Debt	0.84	0.91	0.81	-0.49	0.76	0.85	-0.11	0.92	0.73	0.94	0.93	-0.67	0.75	0.98	1.0	0.96	0.16	0.63		0.79	0.93	0.74	0.98	0.75	0.92	0.23
Cash	0.76	0.83	0.86	-0.61	0.9	0.64	-0.4	0.92	0.91	0.83	0.76	-0.37	0.85	0.88	0.84	0.89	-0.2	0.73	0.79		0.88	0.85	0.86	0.47	0.88	0.51
Non Current Assets Total	0.81	0.87	0.92	-0.74	0.87	0.67	-0.29	0.93	0.82	0.93	0.8	-0.64	0.72	0.97	0.94	0.97	-0.16	0.86	0.93	0.88		0.89	0.97	0.48	1.0	0.46
Non Currrent Assets Other	0.62	0.65	0.99	-0.89	0.96	0.4	-0.59	0.89	0.92	0.89	0.55	-0.57	0.68	0.83	0.78	0.84	-0.51	0.87	0.74	0.85	0.89		0.82	0.27	0.89	0.81
Long Term Debt	0.8	0.89	0.87	-0.57	0.84	0.82	-0.28	0.94	0.83	0.96	0.9	-0.67	0.78	1.0	0.98	1.0	-0.02	0.76	0.98	0.86	0.97	0.82		0.68	0.97	0.34
Cash And Short Term Investments	0.52	0.66	0.37	0.14	0.41	0.94	0.01	0.61	0.48	0.66	0.86	-0.46	0.65	0.67	0.73	0.66	0.53	0.09	0.75	0.47	0.48	0.27	0.68		0.48	-0.16
Good Will	0.8	0.86	0.92	-0.74	0.87	0.66	-0.31	0.93	0.82	0.93	0.8	-0.64	0.72	0.97	0.94	0.97	-0.18	0.87	0.92	0.88	1.0	0.89	0.97	0.48		0.46
Common Stock Shares Outstanding	0.15	0.13	0.75	-0.83	0.74	-0.12	-0.77	0.51	0.72	0.52	0.0	-0.29	0.35	0.35	0.28	0.37	-0.82	0.62	0.23	0.51	0.46	0.81	0.34	-0.16	0.46

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CiT Account Relationship Matchups

CiT fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	165.4M	186.4M	248.4M	523.2M	194.0M	156.3M
Total Current Liabilities	227.4M	311.0M	549.0M	755.2M	455.3M	292.8M
Other Liab	2.3M	1.1M	39.1M	149.2M	171.6M	180.1M
Net Tangible Assets	91.2M	180.3M	350.5M	(412.7M)	(371.4M)	(352.9M)
Retained Earnings	32.8M	109.3M	126.0M	251.9M	354.2M	372.0M
Accounts Payable	8.6M	15.3M	82.5M	35.1M	40.3M	21.9M
Other Assets	31.8M	23.8M	41.1M	83.8M	(126.9M)	(120.6M)
Net Receivables	167.1M	250.0M	485.5M	718.9M	619.6M	650.5M
Other Current Assets	5.7M	24.8M	30.9M	36.7M	77.8M	81.7M
Other Stockholder Equity	(32.8M)	(109.3M)	790.0M	907.8M	980.9M	1.0B
Total Current Assets	255.2M	434.6M	1.5B	1.1B	912.1M	519.9M
Property Plant Equipment	101.8M	108.5M	131.5M	111.5M	128.2M	134.6M

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