Home Operating Income vs Income Before Tax Analysis

HMC Stock

12.27 0.07 0.57%

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

Operating Income vs Income Before Tax

Operating Income vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Home Consortium Operating Income account and Income Before Tax. At this time, the significance of the direction appears to have totally related.

The correlation between Home Consortium's Operating Income and Income Before Tax is 0.99. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Home Consortium, assuming nothing else is changed. The correlation between historical values of Home Consortium's Operating Income and Income Before Tax 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 Home Consortium are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Operating Income i.e., Home Consortium's Operating Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

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Operating Income

Operating Income is the amount of profit realized from Home Consortium 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 Home Consortium 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.

Income Before Tax

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

Most indicators from Home Consortium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Home Consortium 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Home Consortium. 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.

At this time, Home Consortium's Tax Provision is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 11.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 16.6 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	4.5M	8.4M	2M	1.9M
Interest Income	255K	70.8M	81.4M	85.5M

Interest Expense Interest Income

Home Consortium fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Cash	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Long Term Debt Total	Other Current Assets	Total Liab	Total Current Assets	Common Stock	Other Current Liab	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Common Stock Total Equity	Non Current Liabilities Total
Total Assets		0.06	0.55	0.89	-0.44	0.79	0.08	-0.63	0.84	0.76	0.26	-0.43	-0.2	-0.26	0.7	0.72	-0.7	0.5	0.81	-0.62	-0.55	-0.59	0.21	0.76	-0.6	-0.44
Short Long Term Debt Total	0.06		-0.15	-0.29	-0.32	-0.21	-0.54	0.53	-0.31	-0.21	-0.79	0.81	0.6	0.87	0.03	-0.59	0.13	-0.71	-0.33	0.34	0.72	0.59	0.46	0.06	0.18	0.65
Total Current Liabilities	0.55	-0.15		0.4	-0.03	0.89	-0.44	-0.44	0.79	0.24	0.34	-0.51	0.29	-0.14	0.83	0.39	-0.97	0.28	0.36	-0.19	-0.42	-0.3	0.68	0.72	-0.89	-0.07
Total Stockholder Equity	0.89	-0.29	0.4		-0.46	0.75	0.43	-0.83	0.84	0.88	0.48	-0.68	-0.54	-0.65	0.57	0.94	-0.58	0.78	0.93	-0.84	-0.84	-0.87	-0.18	0.67	-0.56	-0.78
Retained Earnings	-0.44	-0.32	-0.03	-0.46		-0.34	-0.14	0.52	-0.34	-0.73	0.45	0.14	-0.07	0.08	-0.53	-0.28	0.16	-0.18	-0.19	0.25	0.24	0.26	0.08	-0.21	0.25	0.24
Cash	0.79	-0.21	0.89	0.75	-0.34		-0.14	-0.73	0.96	0.62	0.38	-0.67	-0.03	-0.4	0.9	0.72	-0.95	0.51	0.66	-0.54	-0.7	-0.62	0.41	0.83	-0.93	-0.44
Other Assets	0.08	-0.54	-0.44	0.43	-0.14	-0.14		-0.4	0.08	0.44	0.44	-0.43	-0.87	-0.74	-0.35	0.52	0.31	0.65	0.48	-0.57	-0.54	-0.66	-0.92	-0.14	0.18	-0.77
Long Term Debt	-0.63	0.53	-0.44	-0.83	0.52	-0.73	-0.4		-0.83	-0.9	-0.38	0.9	0.42	0.75	-0.67	-0.9	0.53	-0.77	-0.63	0.56	0.88	0.76	0.17	-0.37	0.57	0.74
Cash And Short Term Investments	0.84	-0.31	0.79	0.84	-0.34	0.96	0.08	-0.83		0.73	0.44	-0.77	-0.24	-0.52	0.83	0.83	-0.87	0.61	0.75	-0.61	-0.78	-0.72	0.25	0.76	-0.87	-0.58
Net Receivables	0.76	-0.21	0.24	0.88	-0.73	0.62	0.44	-0.9	0.73		0.14	-0.65	-0.41	-0.56	0.62	0.83	-0.39	0.66	0.66	-0.59	-0.72	-0.69	-0.22	0.37	-0.4	-0.67
Common Stock Shares Outstanding	0.26	-0.79	0.34	0.48	0.45	0.38	0.44	-0.38	0.44	0.14		-0.67	-0.6	-0.76	0.0	0.65	-0.39	0.75	0.67	-0.62	-0.72	-0.72	-0.29	0.39	-0.36	-0.64
Long Term Debt Total	-0.43	0.81	-0.51	-0.68	0.14	-0.67	-0.43	0.9	-0.77	-0.65	-0.67		0.48	0.87	-0.51	-0.86	0.55	-0.84	-0.59	0.51	0.92	0.78	0.2	-0.31	0.58	0.74
Other Current Assets	-0.2	0.6	0.29	-0.54	-0.07	-0.03	-0.87	0.42	-0.24	-0.41	-0.6	0.48		0.77	0.29	-0.67	-0.16	-0.59	-0.64	0.73	0.65	0.71	0.76	-0.08	-0.02	0.87
Total Liab	-0.26	0.87	-0.14	-0.65	0.08	-0.4	-0.74	0.75	-0.52	-0.56	-0.76	0.87	0.77		-0.12	-0.83	0.23	-0.89	-0.65	0.71	0.93	0.88	0.6	-0.21	0.33	0.92
Total Current Assets	0.7	0.03	0.83	0.57	-0.53	0.9	-0.35	-0.67	0.83	0.62	0.0	-0.51	0.29	-0.12		0.49	-0.86	0.29	0.35	-0.2	-0.45	-0.31	0.57	0.62	-0.8	-0.14
Common Stock	0.72	-0.59	0.39	0.94	-0.28	0.72	0.52	-0.9	0.83	0.83	0.65	-0.86	-0.67	-0.83	0.49		-0.53	0.85	0.87	-0.81	-0.95	-0.91	-0.28	0.54	-0.55	-0.89
Other Current Liab	-0.7	0.13	-0.97	-0.58	0.16	-0.95	0.31	0.53	-0.87	-0.39	-0.39	0.55	-0.16	0.23	-0.86	-0.53		-0.41	-0.55	0.38	0.53	0.47	-0.57	-0.84	0.92	0.22
Other Liab	0.5	-0.71	0.28	0.78	-0.18	0.51	0.65	-0.77	0.61	0.66	0.75	-0.84	-0.59	-0.89	0.29	0.85	-0.41		0.76	-0.7	-0.89	-0.89	-0.47	0.35	-0.37	-0.8
Net Tangible Assets	0.81	-0.33	0.36	0.93	-0.19	0.66	0.48	-0.63	0.75	0.66	0.67	-0.59	-0.64	-0.65	0.35	0.87	-0.55	0.76		-0.93	-0.8	-0.9	-0.23	0.75	-0.55	-0.8
Property Plant And Equipment Net	-0.62	0.34	-0.19	-0.84	0.25	-0.54	-0.57	0.56	-0.61	-0.59	-0.62	0.51	0.73	0.71	-0.2	-0.81	0.38	-0.7	-0.93		0.8	0.92	0.4	-0.69	0.49	0.88
Net Debt	-0.55	0.72	-0.42	-0.84	0.24	-0.7	-0.54	0.88	-0.78	-0.72	-0.72	0.92	0.65	0.93	-0.45	-0.95	0.53	-0.89	-0.8	0.8		0.95	0.33	-0.51	0.61	0.91
Accounts Payable	-0.59	0.59	-0.3	-0.87	0.26	-0.62	-0.66	0.76	-0.72	-0.69	-0.72	0.78	0.71	0.88	-0.31	-0.91	0.47	-0.89	-0.9	0.92	0.95		0.44	-0.59	0.56	0.94
Non Current Assets Total	0.21	0.46	0.68	-0.18	0.08	0.41	-0.92	0.17	0.25	-0.22	-0.29	0.2	0.76	0.6	0.57	-0.28	-0.57	-0.47	-0.23	0.4	0.33	0.44		0.37	-0.45	0.6
Non Currrent Assets Other	0.76	0.06	0.72	0.67	-0.21	0.83	-0.14	-0.37	0.76	0.37	0.39	-0.31	-0.08	-0.21	0.62	0.54	-0.84	0.35	0.75	-0.69	-0.51	-0.59	0.37		-0.84	-0.38
Common Stock Total Equity	-0.6	0.18	-0.89	-0.56	0.25	-0.93	0.18	0.57	-0.87	-0.4	-0.36	0.58	-0.02	0.33	-0.8	-0.55	0.92	-0.37	-0.55	0.49	0.61	0.56	-0.45	-0.84		0.37
Non Current Liabilities Total	-0.44	0.65	-0.07	-0.78	0.24	-0.44	-0.77	0.74	-0.58	-0.67	-0.64	0.74	0.87	0.92	-0.14	-0.89	0.22	-0.8	-0.8	0.88	0.91	0.94	0.6	-0.38	0.37

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Home Consortium Account Relationship Matchups

Home Consortium fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.3B	982.4M	913.0M	1.3B	1.8B	1.3B
Short Long Term Debt Total	507.6M	255.2M	4.3M	90.0M	202M	209.3M
Total Current Liabilities	9.1M	8.8M	20.6M	16.3M	242.6M	254.7M
Total Stockholder Equity	729.5M	706.9M	846.0M	1.0B	1.2B	902.7M
Retained Earnings	(2.9B)	(3.0B)	(3.0B)	(2.9B)	(2.9B)	(3.1B)
Cash	29.6M	11.7M	57.6M	48.8M	194.5M	204.2M
Other Assets	149.6M	782.3M	660.7M	1.1B	99.1M	94.1M
Cash And Short Term Investments	29.6M	11.7M	57.6M	115.7M	186.6M	195.9M
Net Receivables	4.2M	6.1M	16.2M	22.1M	20.3M	14.7M
Common Stock Shares Outstanding	(0.11)	167.3M	273.2M	295.3M	352.5M	248.5M
Long Term Debt Total	494.9M	253.2M	3.6M	2.8M	2.6M	2.4M
Liabilities And Stockholders Equity	1.3B	982.4M	913.0M	1.3B	1.8B	1.3B
Other Current Assets	(33.7M)	(25.7M)	(89.8M)	(137.7M)	9.2M	9.7M
Total Liab	548.1M	271.4M	66.9M	144.4M	281M	262.7M
Total Current Assets	29.6M	11.7M	57.6M	48.8M	186.6M	195.9M
Short Term Debt	9.6M	410K	1.4M	87.9M	200.9M	210.9M
Common Stock	3.6B	3.7B	5.0B	5.2B	5.4B	4.7B
Other Current Liab	17.0M	11.7M	25.6M	18.3M	(203.2M)	(193.0M)
Net Tangible Assets	729.5M	706.9M	659.2M	846.9M	973.9M	740.6M
Property Plant And Equipment Net	466K	277K	7.9M	5.9M	3.9M	3.7M
Net Debt	478.0M	243.5M	(53.2M)	41.2M	7.5M	7.1M
Accounts Payable	21.7M	4.3M	3.2M	286K	2.3M	2.2M
Non Current Assets Total	1.1B	188.4M	194.7M	192.7M	1.5B	1.6B
Non Currrent Assets Other	956.9M	484.9M	5.2M	55.6M	1.4B	1.5B
Non Current Liabilities Total	364.5M	255.0M	36.7M	37.9M	281M	196.0M
Capital Lease Obligations	143.1M	277K	4.3M	3.6M	2.9M	2.8M
Inventory	29.6M	482.4M	14.9M	66.9M	1.2M	1.1M
Other Stockholder Equity	500K	2.1M	(1.2B)	(328K)	(1.5M)	(1.6M)
Net Invested Capital	1.1B	960.0M	846.0M	1.1B	1.4B	1.2B
Accumulated Other Comprehensive Income	39.1M	4.0M	(1.2B)	(1.2B)	(1.2B)	(1.2B)
Capital Stock	3.6B	3.7B	5.0B	5.2B	5.4B	4.9B
Net Working Capital	(10.2M)	493.6M	76.4M	83.9M	44M	41.8M
Property Plant Equipment	1.1B	188.4M	7.9M	5.9M	5.3M	5.1M

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