Harley Operating Income vs Ebit Analysis

HOG Stock

USD 33.46 1.04 3.01%

Harley Davidson financial indicator trend analysis is much more than just examining Harley Davidson latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Harley Davidson is a good investment. Please check the relationship between Harley Davidson Operating Income and its Ebit accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harley Davidson. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more detail on how to invest in Harley Stock please use our How to Invest in Harley Davidson guide.

Operating Income vs Ebit

Operating Income vs Ebit Correlation Analysis

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

The correlation between Harley Davidson's Operating Income and Ebit is 0.91. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Ebit in the same time period over historical financial statements of Harley Davidson, assuming nothing else is changed. The correlation between historical values of Harley Davidson's Operating Income and Ebit 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 Harley Davidson are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Operating Income i.e., Harley Davidson's Operating Income and Ebit go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Harley Davidson 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 Harley Davidson 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.

Ebit

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

For more detail on how to invest in Harley Stock please use our How to Invest in Harley Davidson guide.The Harley Davidson's current Selling General Administrative is estimated to increase to about 875.4 M. The Harley Davidson's current Discontinued Operations is estimated to increase to about 61.6 M

	2021	2022	2023	2024 (projected)
Gross Profit	1.7B	2.4B	2.1B	1.4B
Total Revenue	5.3B	5.8B	5.8B	4.0B

Gross Profit Total Revenue

Harley Davidson 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	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock
Total Assets		0.94	0.34	0.92	0.66	0.78	0.87	0.12	0.65	0.98	0.53	0.56	0.7	0.38	0.96	0.82	0.63	0.13	0.97	0.83	0.43	-0.78	0.81	0.55	-0.02	-0.01
Short Long Term Debt Total	0.94		0.44	0.96	0.44	0.78	0.94	-0.05	0.65	0.93	0.63	0.58	0.71	0.23	0.96	0.71	0.58	0.24	0.99	0.83	0.39	-0.75	0.75	0.38	-0.17	-0.16
Other Current Liab	0.34	0.44		0.47	0.02	-0.01	0.18	-0.36	0.82	0.25	0.28	0.81	-0.14	-0.3	0.37	0.22	0.61	0.4	0.42	0.46	-0.58	-0.3	0.45	0.29	-0.41	-0.41
Total Current Liabilities	0.92	0.96	0.47		0.44	0.67	0.88	-0.16	0.67	0.9	0.48	0.59	0.62	0.1	0.87	0.77	0.52	0.36	0.95	0.78	0.42	-0.79	0.77	0.5	-0.29	-0.29
Total Stockholder Equity	0.66	0.44	0.02	0.44		0.59	0.4	0.5	0.32	0.66	0.23	0.39	0.62	0.55	0.52	0.53	0.61	-0.27	0.5	0.7	0.31	-0.5	0.7	0.44	0.34	0.36
Property Plant And Equipment Net	0.78	0.78	-0.01	0.67	0.59		0.87	0.36	0.21	0.81	0.78	0.25	0.94	0.63	0.82	0.4	0.44	-0.18	0.78	0.74	0.58	-0.56	0.55	0.04	0.27	0.27
Net Debt	0.87	0.94	0.18	0.88	0.4	0.87		0.0	0.35	0.91	0.65	0.29	0.84	0.27	0.91	0.67	0.38	0.18	0.93	0.71	0.6	-0.68	0.66	0.29	-0.12	-0.12
Retained Earnings	0.12	-0.05	-0.36	-0.16	0.5	0.36	0.0		-0.13	0.11	0.22	-0.05	0.29	0.83	0.1	-0.1	0.27	-0.96	-0.01	0.17	0.16	0.34	-0.04	-0.2	0.96	0.97
Cash	0.65	0.65	0.82	0.67	0.32	0.21	0.35	-0.13		0.52	0.28	0.94	0.08	0.05	0.62	0.45	0.74	0.27	0.66	0.68	-0.27	-0.54	0.59	0.39	-0.18	-0.18
Non Current Assets Total	0.98	0.93	0.25	0.9	0.66	0.81	0.91	0.11	0.52		0.54	0.43	0.75	0.37	0.94	0.84	0.55	0.14	0.95	0.78	0.51	-0.77	0.8	0.57	-0.04	-0.03
Non Currrent Assets Other	0.53	0.63	0.28	0.48	0.23	0.78	0.65	0.22	0.28	0.54		0.32	0.61	0.53	0.65	0.05	0.41	-0.14	0.6	0.56	0.09	-0.39	0.35	-0.18	0.24	0.22
Cash And Short Term Investments	0.56	0.58	0.81	0.59	0.39	0.25	0.29	-0.05	0.94	0.43	0.32		0.16	0.08	0.56	0.28	0.82	0.16	0.59	0.78	-0.33	-0.46	0.62	0.21	-0.11	-0.1
Net Receivables	0.7	0.71	-0.14	0.62	0.62	0.94	0.84	0.29	0.08	0.75	0.61	0.16		0.48	0.73	0.41	0.33	-0.13	0.71	0.73	0.69	-0.54	0.59	0.04	0.16	0.18
Common Stock Shares Outstanding	0.38	0.23	-0.3	0.1	0.55	0.63	0.27	0.83	0.05	0.37	0.53	0.08	0.48		0.38	0.0	0.34	-0.72	0.28	0.34	0.29	-0.07	0.1	-0.17	0.86	0.86
Non Current Liabilities Total	0.96	0.96	0.37	0.87	0.52	0.82	0.91	0.1	0.62	0.94	0.65	0.56	0.73	0.38		0.7	0.63	0.11	0.98	0.83	0.36	-0.71	0.76	0.38	-0.02	-0.01
Inventory	0.82	0.71	0.22	0.77	0.53	0.4	0.67	-0.1	0.45	0.84	0.05	0.28	0.41	0.0	0.7		0.36	0.34	0.75	0.51	0.46	-0.65	0.75	0.88	-0.29	-0.27
Other Current Assets	0.63	0.58	0.61	0.52	0.61	0.44	0.38	0.27	0.74	0.55	0.41	0.82	0.33	0.34	0.63	0.36		-0.13	0.6	0.8	-0.22	-0.39	0.67	0.25	0.18	0.18
Other Stockholder Equity	0.13	0.24	0.4	0.36	-0.27	-0.18	0.18	-0.96	0.27	0.14	-0.14	0.16	-0.13	-0.72	0.11	0.34	-0.13		0.22	0.02	-0.04	-0.56	0.25	0.4	-0.96	-0.96
Total Liab	0.97	0.99	0.42	0.95	0.5	0.78	0.93	-0.01	0.66	0.95	0.6	0.59	0.71	0.28	0.98	0.75	0.6	0.22		0.84	0.4	-0.77	0.79	0.45	-0.13	-0.13
Total Current Assets	0.83	0.83	0.46	0.78	0.7	0.74	0.71	0.17	0.68	0.78	0.56	0.78	0.73	0.34	0.83	0.51	0.8	0.02	0.84		0.21	-0.65	0.84	0.24	0.02	0.04
Short Term Debt	0.43	0.39	-0.58	0.42	0.31	0.58	0.6	0.16	-0.27	0.51	0.09	-0.33	0.69	0.29	0.36	0.46	-0.22	-0.04	0.4	0.21		-0.34	0.22	0.15	0.07	0.08
Intangible Assets	-0.78	-0.75	-0.3	-0.79	-0.5	-0.56	-0.68	0.34	-0.54	-0.77	-0.39	-0.46	-0.54	-0.07	-0.71	-0.65	-0.39	-0.56	-0.77	-0.65	-0.34		-0.72	-0.5	0.4	0.4
Accounts Payable	0.81	0.75	0.45	0.77	0.7	0.55	0.66	-0.04	0.59	0.8	0.35	0.62	0.59	0.1	0.76	0.75	0.67	0.25	0.79	0.84	0.22	-0.72		0.62	-0.21	-0.2
Property Plant And Equipment Gross	0.55	0.38	0.29	0.5	0.44	0.04	0.29	-0.2	0.39	0.57	-0.18	0.21	0.04	-0.17	0.38	0.88	0.25	0.4	0.45	0.24	0.15	-0.5	0.62		-0.35	-0.34
Common Stock Total Equity	-0.02	-0.17	-0.41	-0.29	0.34	0.27	-0.12	0.96	-0.18	-0.04	0.24	-0.11	0.16	0.86	-0.02	-0.29	0.18	-0.96	-0.13	0.02	0.07	0.4	-0.21	-0.35		1.0
Common Stock	-0.01	-0.16	-0.41	-0.29	0.36	0.27	-0.12	0.97	-0.18	-0.03	0.22	-0.1	0.18	0.86	-0.01	-0.27	0.18	-0.96	-0.13	0.04	0.08	0.4	-0.2	-0.34	1.0

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Harley Davidson Account Relationship Matchups

Harley Davidson fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	10.5B	12.0B	11.1B	11.5B	12.1B	12.7B
Short Long Term Debt Total	7.4B	9.0B	6.9B	6.9B	7.2B	7.6B
Other Current Liab	13.9M	3.6B	2.9B	615.1M	819.9M	443.3M
Total Current Liabilities	3.2B	4.0B	3.3B	3.5B	3.4B	3.6B
Total Stockholder Equity	1.8B	1.7B	2.6B	2.9B	3.3B	1.8B
Property Plant And Equipment Net	909M	789.0M	733.6M	733.8M	801.4M	725.4M
Net Debt	6.6B	5.7B	5.0B	5.5B	5.6B	5.8B
Retained Earnings	2.2B	1.3B	1.8B	2.5B	3.1B	3.0B
Cash	833.9M	3.3B	1.9B	1.4B	1.6B	1.7B
Non Current Assets Total	6.3B	6.2B	6.5B	6.7B	7.0B	7.3B
Non Currrent Assets Other	1.2B	1.2B	1.4B	402.6M	515.1M	825.8M
Cash And Short Term Investments	833.9M	3.3B	1.9B	1.4B	1.6B	822.0M
Net Receivables	2.5B	1.7B	1.6B	2.0B	2.4B	1.4B
Common Stock Shares Outstanding	157.8M	153.9M	155.0M	149.4M	145.1M	191.0M
Liabilities And Stockholders Equity	10.5B	12.0B	11.1B	11.5B	12.1B	12.7B
Non Current Liabilities Total	5.5B	6.3B	5.2B	5.1B	5.5B	5.8B
Inventory	603.6M	523.5M	712.9M	951.0M	930.0M	976.4M
Other Current Assets	169.0M	412.1M	314.7M	331.7M	214.4M	158.9M
Other Stockholder Equity	145.1M	919.7M	950.0M	753.1M	455.1M	477.9M
Total Liab	8.7B	10.3B	8.5B	8.6B	8.9B	9.3B
Total Current Assets	4.2B	5.8B	4.6B	4.8B	5.2B	2.8B
Short Term Debt	2.3B	20.2M	17.4M	2.5B	2.2B	2.3B
Intangible Assets	10.6M	9.6M	7.5M	6.4M	7.0M	6.7M
Accounts Payable	294.4M	290.9M	375.0M	378.0M	349.2M	224.4M
Property Plant And Equipment Gross	847.4M	789.0M	3.0B	2.9B	3.0B	3.2B
Accumulated Other Comprehensive Income	(536.9M)	(483.4M)	(240.9M)	(341.9M)	(305.0M)	(320.2M)
Common Stock Total Equity	1.8M	1.7M	1.7M	1.7M	1.5M	2.2M
Common Stock	1.8M	1.7M	1.7M	1.7M	1.7M	2.2M
Other Liab	317.5M	372.9M	559.3M	259.4M	298.3M	465.4M
Other Assets	239.7M	1.2B	1.4B	1.4B	1.6B	1.7B
Long Term Debt	5.1B	5.9B	4.6B	4.5B	5.0B	3.3B
Good Will	64.2M	66.0M	63.2M	62.1M	62.7M	59.4M
Treasury Stock	(1.1B)	(1.3B)	(588.0M)	(597.0M)	(537.3M)	(564.1M)
Property Plant Equipment	847.4M	743.8M	684.0M	689.9M	620.9M	722.6M
Short Term Investments	10.0M	2K	47K	360K	324K	307.8K
Net Tangible Assets	1.8B	1.7B	2.6B	3.1B	2.8B	2.0B
Current Deferred Revenue	568.4M	80.0M	72.1M	17.6M	23.4M	22.2M
Retained Earnings Total Equity	2.2B	1.3B	1.8B	2.5B	2.2B	3.7B
Long Term Debt Total	5.1B	5.9B	4.6B	4.5B	5.1B	4.7B
Capital Surpluse	1.5B	1.5B	1.5B	1.7B	1.9B	1.4B

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When determining whether Harley Davidson is a strong investment it is important to analyze Harley Davidson's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Harley Davidson's future performance. For an informed investment choice regarding Harley Stock, refer to the following important reports:

How To Invest In Harley

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Is Harley Stock a good investment?

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What is Harley Davidson's Net Worth?

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Largest Motorcycle Manufacturers Companies

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Largest Automobiles & Components Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harley Davidson. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more detail on how to invest in Harley Stock please use our How to Invest in Harley Davidson guide.

You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

Is Motorcycle Manufacturers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Harley Davidson. If investors know Harley will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Harley Davidson listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.34)

Dividend Share

0.683

Earnings Share

4.49

Revenue Per Share

41.279

Quarterly Revenue Growth

(0.26)

The market value of Harley Davidson is measured differently than its book value, which is the value of Harley that is recorded on the company's balance sheet. Investors also form their own opinion of Harley Davidson's value that differs from its market value or its book value, called intrinsic value, which is Harley Davidson's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Harley Davidson's market value can be influenced by many factors that don't directly affect Harley Davidson's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Harley Davidson's value and its price as these two are different measures arrived at by different means. Investors typically determine if Harley Davidson is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harley Davidson's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Harley Operating Income vs Ebit Analysis

Operating Income vs Ebit

Operating Income vs Ebit Correlation Analysis

Correlation Coefficient

Operating Income

Ebit

Harley Davidson fundamental ratios Correlations

Harley Davidson Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Harley Davidson fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Total Equity
Total Liab	+ 0.99	Short Long Term Debt Total
Non Current Assets Total	+ 0.98	Total Assets
Total Liab	+ 0.98	Non Current Liabilities Total
Total Liab	+ 0.97	Total Assets
Common Stock	+ 0.97	Retained Earnings

Common Stock	- 0.96	Other Stockholder Equity
Common Stock Total Equity	- 0.96	Other Stockholder Equity
Other Stockholder Equity	- 0.96	Retained Earnings
Intangible Assets	- 0.79	Total Current Liabilities
Intangible Assets	- 0.78	Total Assets
Intangible Assets	- 0.77	Total Liab