Intuit Income Before Tax vs Operating Income Analysis

INTU Stock

USD 634.62 5.50 0.86%

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

Income Before Tax vs Operating Income

Income Before Tax vs Operating Income Correlation Analysis

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

The correlation between Intuit's Income Before Tax and Operating Income is 1.0. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Operating Income in the same time period over historical financial statements of Intuit Inc, assuming nothing else is changed. The correlation between historical values of Intuit's Income Before Tax 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 Income Before Tax of Intuit Inc 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 Income Before Tax i.e., Intuit's Income Before Tax and Operating Income go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Income Before Tax

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

Operating Income

Operating Income is the amount of profit realized from Intuit Inc 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 Intuit Inc 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 Intuit's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Intuit 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Intuit 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 estimate.

At this time, Intuit's Selling General Administrative is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 208.9 M in 2024, whereas Tax Provision is likely to drop slightly above 466.6 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	10.3B	11.2B	12.3B	13.0B
Total Revenue	12.7B	14.4B	16.3B	17.1B

Gross Profit Total Revenue

Intuit fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	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	Intangible Assets	Short Long Term Debt Total	Good Will	Property Plant And Equipment Gross	Common Stock Total Equity	Short Term Investments
Total Assets		0.83	0.9	1.0	0.86	0.81	0.93	0.96	0.63	0.99	0.56	0.62	0.98	0.21	0.97	-0.11	0.71	0.75	0.99	0.86	0.96	0.97	0.98	0.89	0.37	0.06
Other Current Liab	0.83		0.94	0.8	0.68	0.58	0.8	0.8	0.52	0.78	0.49	0.5	0.83	0.05	0.72	-0.45	0.94	0.53	0.86	0.84	0.73	0.7	0.77	0.95	0.3	-0.04
Total Current Liabilities	0.9	0.94		0.86	0.81	0.59	0.91	0.84	0.68	0.83	0.52	0.65	0.88	0.18	0.8	-0.35	0.91	0.49	0.94	0.93	0.76	0.82	0.83	0.99	0.45	-0.09
Total Stockholder Equity	1.0	0.8	0.86		0.83	0.82	0.92	0.97	0.6	0.99	0.57	0.6	0.98	0.21	0.97	-0.09	0.68	0.78	0.97	0.83	0.97	0.96	0.99	0.86	0.35	0.11
Property Plant And Equipment Net	0.86	0.68	0.81	0.83		0.65	0.94	0.89	0.6	0.84	0.43	0.61	0.81	0.41	0.85	-0.22	0.55	0.38	0.88	0.75	0.8	0.83	0.83	0.84	0.65	-0.07
Net Debt	0.81	0.58	0.59	0.82	0.65		0.6	0.74	0.11	0.89	0.38	0.09	0.87	0.11	0.86	0.32	0.39	0.87	0.78	0.41	0.9	0.81	0.89	0.65	0.12	-0.05
Retained Earnings	0.93	0.8	0.91	0.92	0.94	0.6		0.94	0.74	0.88	0.51	0.75	0.87	0.33	0.88	-0.33	0.71	0.46	0.94	0.9	0.84	0.88	0.88	0.9	0.57	0.04
Accounts Payable	0.96	0.8	0.84	0.97	0.89	0.74	0.94		0.63	0.95	0.48	0.65	0.92	0.25	0.95	-0.22	0.63	0.67	0.95	0.83	0.95	0.92	0.94	0.84	0.41	0.18
Cash	0.63	0.52	0.68	0.6	0.6	0.11	0.74	0.63		0.51	0.35	0.98	0.5	0.14	0.59	-0.35	0.53	0.17	0.66	0.87	0.47	0.66	0.5	0.57	0.35	0.07
Non Current Assets Total	0.99	0.78	0.83	0.99	0.84	0.89	0.88	0.95	0.51		0.53	0.5	0.99	0.2	0.98	0.0	0.63	0.81	0.96	0.76	0.99	0.96	1.0	0.85	0.32	0.04
Non Currrent Assets Other	0.56	0.49	0.52	0.57	0.43	0.38	0.51	0.48	0.35	0.53		0.35	0.55	0.34	0.5	-0.08	0.47	0.46	0.53	0.52	0.49	0.5	0.51	0.52	0.35	-0.04
Cash And Short Term Investments	0.62	0.5	0.65	0.6	0.61	0.09	0.75	0.65	0.98	0.5	0.35		0.48	0.23	0.59	-0.36	0.49	0.16	0.65	0.87	0.47	0.65	0.5	0.54	0.42	0.22
Net Receivables	0.98	0.83	0.88	0.98	0.81	0.87	0.87	0.92	0.5	0.99	0.55	0.48		0.19	0.95	-0.02	0.72	0.8	0.97	0.79	0.96	0.94	0.99	0.89	0.33	-0.01
Common Stock Shares Outstanding	0.21	0.05	0.18	0.21	0.41	0.11	0.33	0.25	0.14	0.2	0.34	0.23	0.19		0.19	0.07	0.06	-0.04	0.2	0.21	0.14	0.19	0.19	0.19	0.91	-0.01
Non Current Liabilities Total	0.97	0.72	0.8	0.97	0.85	0.86	0.88	0.95	0.59	0.98	0.5	0.59	0.95	0.19		0.04	0.56	0.78	0.96	0.77	0.98	0.99	0.98	0.8	0.31	0.04
Inventory	-0.11	-0.45	-0.35	-0.09	-0.22	0.32	-0.33	-0.22	-0.35	0.0	-0.08	-0.36	-0.02	0.07	0.04		-0.47	0.32	-0.14	-0.4	0.03	0.07	0.01	-0.35	-0.22	-0.11
Other Current Assets	0.71	0.94	0.91	0.68	0.55	0.39	0.71	0.63	0.53	0.63	0.47	0.49	0.72	0.06	0.56	-0.47		0.38	0.75	0.84	0.54	0.57	0.63	0.9	0.31	-0.09
Other Stockholder Equity	0.75	0.53	0.49	0.78	0.38	0.87	0.46	0.67	0.17	0.81	0.46	0.16	0.8	-0.04	0.78	0.32	0.38		0.68	0.43	0.84	0.76	0.81	0.5	-0.13	0.18
Total Liab	0.99	0.86	0.94	0.97	0.88	0.78	0.94	0.95	0.66	0.96	0.53	0.65	0.97	0.2	0.96	-0.14	0.75	0.68		0.88	0.93	0.96	0.96	0.93	0.39	-0.02
Total Current Assets	0.86	0.84	0.93	0.83	0.75	0.41	0.9	0.83	0.87	0.76	0.52	0.87	0.79	0.21	0.77	-0.4	0.84	0.43	0.88		0.7	0.81	0.76	0.87	0.44	0.1
Intangible Assets	0.96	0.73	0.76	0.97	0.8	0.9	0.84	0.95	0.47	0.99	0.49	0.47	0.96	0.14	0.98	0.03	0.54	0.84	0.93	0.7		0.95	0.99	0.78	0.24	0.11
Short Long Term Debt Total	0.97	0.7	0.82	0.96	0.83	0.81	0.88	0.92	0.66	0.96	0.5	0.65	0.94	0.19	0.99	0.07	0.57	0.76	0.96	0.81	0.95		0.96	0.8	0.31	0.03
Good Will	0.98	0.77	0.83	0.99	0.83	0.89	0.88	0.94	0.5	1.0	0.51	0.5	0.99	0.19	0.98	0.01	0.63	0.81	0.96	0.76	0.99	0.96		0.85	0.31	0.03
Property Plant And Equipment Gross	0.89	0.95	0.99	0.86	0.84	0.65	0.9	0.84	0.57	0.85	0.52	0.54	0.89	0.19	0.8	-0.35	0.9	0.5	0.93	0.87	0.78	0.8	0.85		0.46	-0.11
Common Stock Total Equity	0.37	0.3	0.45	0.35	0.65	0.12	0.57	0.41	0.35	0.32	0.35	0.42	0.33	0.91	0.31	-0.22	0.31	-0.13	0.39	0.44	0.24	0.31	0.31	0.46		-0.12
Short Term Investments	0.06	-0.04	-0.09	0.11	-0.07	-0.05	0.04	0.18	0.07	0.04	-0.04	0.22	-0.01	-0.01	0.04	-0.11	-0.09	0.18	-0.02	0.1	0.11	0.03	0.03	-0.11	-0.12

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Intuit Account Relationship Matchups

Intuit fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	10.9B	15.5B	27.7B	27.8B	32.1B	33.7B
Other Current Liab	779M	2.0B	2.3B	448M	5.3B	5.6B
Total Current Liabilities	3.5B	2.7B	3.6B	3.8B	7.5B	7.9B
Total Stockholder Equity	5.1B	9.9B	16.4B	17.3B	18.4B	19.4B
Property Plant And Equipment Net	960M	1.2B	1.4B	1.4B	1.4B	1.5B
Net Debt	(2.9B)	(148M)	4.7B	3.8B	3.0B	3.1B
Retained Earnings	10.9B	12.3B	13.6B	15.1B	17.0B	17.8B
Accounts Payable	305M	623M	737M	638M	721M	757.1M
Cash	6.4B	2.6B	2.8B	2.8B	3.6B	3.8B
Non Current Assets Total	3.0B	10.4B	22.7B	22.2B	22.5B	23.6B
Non Currrent Assets Other	225M	283M	344M	417M	541M	568.1M
Cash And Short Term Investments	7.1B	3.9B	3.3B	3.7B	4.1B	4.3B
Net Receivables	161M	391M	1.0B	1.1B	1.3B	1.4B
Liabilities And Stockholders Equity	10.9B	15.5B	27.7B	27.8B	32.1B	33.7B
Non Current Liabilities Total	2.3B	3.0B	7.7B	6.7B	6.2B	6.5B
Other Current Assets	1.4B	896M	718M	354M	5.1B	5.4B
Other Stockholder Equity	(5.8B)	(2.4B)	2.9B	2.3B	1.5B	1.6B
Total Liab	5.8B	5.6B	11.3B	10.5B	13.7B	14.4B
Total Current Assets	8.0B	5.2B	5.0B	5.6B	9.7B	10.2B
Intangible Assets	28M	3.3B	7.1B	6.4B	5.8B	6.1B
Short Long Term Debt Total	3.6B	2.4B	7.5B	7.5B	6.6B	6.9B
Good Will	1.7B	5.6B	13.7B	13.8B	13.8B	14.5B
Property Plant And Equipment Gross	960M	1.2B	1.4B	1.4B	2.8B	2.9B
Short Term Investments	608M	1.3B	485M	814M	465M	641.9M
Other Assets	290M	291M	355M	481M	553.2M	280.6M
Long Term Debt	2.0B	2.0B	6.4B	6.1B	5.5B	5.8B
Short Term Debt	1.3B	66M	583M	1.4B	570M	340.2M
Property Plant Equipment	960M	1.2B	1.4B	969M	1.1B	657.9M
Current Deferred Revenue	1.1B	1.1B	1.2B	1.3B	872M	772.6M
Other Liab	44M	578M	706M	121M	139.2M	218.2M
Net Tangible Assets	3.4B	1.0B	(4.4B)	(2.9B)	(2.6B)	(2.5B)

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