Neogen Income Before Tax vs Total Revenue Analysis

NEOG Stock

USD 15.31 0.33 2.20%

Neogen financial indicator trend analysis is infinitely more than just investigating Neogen recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Neogen is a good investment. Please check the relationship between Neogen Income Before Tax and its Total Revenue accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neogen. 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 Neogen Stock please use our How to Invest in Neogen guide.

Income Before Tax vs Total Revenue

Income Before Tax vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Neogen Income Before Tax account and Total Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Neogen's Income Before Tax and Total Revenue is -0.48. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Neogen, assuming nothing else is changed. The correlation between historical values of Neogen's Income Before Tax and Total Revenue 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 Neogen are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Income Before Tax i.e., Neogen's Income Before Tax and Total Revenue go up and down completely randomly.

Correlation Coefficient

-0.48

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Income Before Tax

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

Total revenue comprises all receipts Neogen generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Most indicators from Neogen's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Neogen 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neogen. 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 Neogen Stock please use our How to Invest in Neogen guide.At this time, Neogen's Enterprise Value is most likely to increase significantly in the upcoming years.

	2021	2022	2023	2024 (projected)
Gross Profit	243.0M	406.0M	463.9M	487.1M
Total Revenue	527.2M	822.4M	924.2M	970.4M

Gross Profit Total Revenue

Neogen 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	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock Total Equity	Short Term Investments
Total Assets		0.84	0.93	0.98	1.0	0.96	0.84	0.69	0.11	1.0	-0.13	0.2	0.93	0.94	0.99	0.88	0.88	1.0	0.99	0.96	0.67	0.87	0.99	0.99	0.98	-0.22
Short Long Term Debt Total	0.84		0.89	0.9	0.85	0.84	0.96	0.7	0.25	0.82	-0.19	0.32	0.82	0.77	0.81	0.83	0.92	0.83	0.82	0.92	0.69	0.72	0.82	0.88	0.88	0.0
Other Current Liab	0.93	0.89		0.97	0.95	0.92	0.8	0.88	0.41	0.89	-0.09	0.51	0.96	0.9	0.88	0.94	0.96	0.9	0.89	0.94	0.86	0.7	0.89	0.96	0.95	0.11
Total Current Liabilities	0.98	0.9	0.97		0.99	0.98	0.85	0.8	0.27	0.96	-0.12	0.35	0.97	0.94	0.95	0.95	0.95	0.97	0.96	0.99	0.78	0.84	0.95	1.0	0.99	-0.07
Total Stockholder Equity	1.0	0.85	0.95	0.99		0.97	0.83	0.73	0.16	0.99	-0.12	0.26	0.95	0.94	0.98	0.91	0.9	0.99	0.99	0.97	0.71	0.86	0.99	0.99	0.98	-0.17
Property Plant And Equipment Net	0.96	0.84	0.92	0.98	0.97		0.8	0.77	0.25	0.94	-0.1	0.3	0.97	0.95	0.93	0.96	0.91	0.95	0.94	0.99	0.76	0.9	0.93	0.98	0.98	-0.12
Net Debt	0.84	0.96	0.8	0.85	0.83	0.8		0.51	-0.02	0.85	-0.18	0.06	0.73	0.74	0.85	0.72	0.83	0.84	0.85	0.88	0.48	0.77	0.85	0.85	0.83	-0.26
Retained Earnings	0.69	0.7	0.88	0.8	0.73	0.77	0.51		0.78	0.61	-0.08	0.83	0.88	0.73	0.58	0.9	0.86	0.63	0.6	0.76	1.0	0.44	0.6	0.76	0.78	0.52
Cash	0.11	0.25	0.41	0.27	0.16	0.25	-0.02	0.78		0.01	-0.08	0.98	0.41	0.19	-0.03	0.47	0.45	0.04	0.0	0.23	0.81	-0.1	0.0	0.22	0.26	0.92
Non Current Assets Total	1.0	0.82	0.89	0.96	0.99	0.94	0.85	0.61	0.01		-0.12	0.11	0.89	0.92	1.0	0.84	0.85	1.0	1.0	0.95	0.6	0.89	1.0	0.97	0.96	-0.31
Non Currrent Assets Other	-0.13	-0.19	-0.09	-0.12	-0.12	-0.1	-0.18	-0.08	-0.08	-0.12		-0.1	-0.04	-0.05	-0.13	-0.08	-0.23	-0.13	-0.13	-0.14	-0.1	-0.14	-0.12	-0.12	-0.15	-0.15
Cash And Short Term Investments	0.2	0.32	0.51	0.35	0.26	0.3	0.06	0.83	0.98	0.11	-0.1		0.47	0.26	0.07	0.51	0.52	0.13	0.09	0.29	0.85	-0.08	0.1	0.3	0.33	0.9
Net Receivables	0.93	0.82	0.96	0.97	0.95	0.97	0.73	0.88	0.41	0.89	-0.04	0.47		0.96	0.87	0.98	0.92	0.9	0.88	0.95	0.86	0.77	0.88	0.96	0.96	0.05
Common Stock Shares Outstanding	0.94	0.77	0.9	0.94	0.94	0.95	0.74	0.73	0.19	0.92	-0.05	0.26	0.96		0.91	0.92	0.84	0.93	0.92	0.93	0.72	0.86	0.91	0.95	0.94	-0.18
Non Current Liabilities Total	0.99	0.81	0.88	0.95	0.98	0.93	0.85	0.58	-0.03	1.0	-0.13	0.07	0.87	0.91		0.82	0.82	1.0	1.0	0.93	0.56	0.89	1.0	0.96	0.94	-0.35
Inventory	0.88	0.83	0.94	0.95	0.91	0.96	0.72	0.9	0.47	0.84	-0.08	0.51	0.98	0.92	0.82		0.93	0.85	0.83	0.95	0.89	0.78	0.83	0.94	0.94	0.12
Other Current Assets	0.88	0.92	0.96	0.95	0.9	0.91	0.83	0.86	0.45	0.85	-0.23	0.52	0.92	0.84	0.82	0.93		0.85	0.84	0.94	0.85	0.72	0.84	0.92	0.95	0.16
Other Stockholder Equity	1.0	0.83	0.9	0.97	0.99	0.95	0.84	0.63	0.04	1.0	-0.13	0.13	0.9	0.93	1.0	0.85	0.85		1.0	0.95	0.61	0.88	1.0	0.98	0.96	-0.29
Total Liab	0.99	0.82	0.89	0.96	0.99	0.94	0.85	0.6	0.0	1.0	-0.13	0.09	0.88	0.92	1.0	0.83	0.84	1.0		0.94	0.58	0.89	1.0	0.97	0.95	-0.32
Property Plant And Equipment Gross	0.96	0.92	0.94	0.99	0.97	0.99	0.88	0.76	0.23	0.95	-0.14	0.29	0.95	0.93	0.93	0.95	0.94	0.95	0.94		0.74	0.89	0.94	0.98	0.99	-0.11
Total Current Assets	0.67	0.69	0.86	0.78	0.71	0.76	0.48	1.0	0.81	0.6	-0.1	0.85	0.86	0.72	0.56	0.89	0.85	0.61	0.58	0.74		0.43	0.58	0.75	0.77	0.54
Short Term Debt	0.87	0.72	0.7	0.84	0.86	0.9	0.77	0.44	-0.1	0.89	-0.14	-0.08	0.77	0.86	0.89	0.78	0.72	0.88	0.89	0.89	0.43		0.87	0.86	0.86	-0.45
Intangible Assets	0.99	0.82	0.89	0.95	0.99	0.93	0.85	0.6	0.0	1.0	-0.12	0.1	0.88	0.91	1.0	0.83	0.84	1.0	1.0	0.94	0.58	0.87		0.97	0.95	-0.32
Accounts Payable	0.99	0.88	0.96	1.0	0.99	0.98	0.85	0.76	0.22	0.97	-0.12	0.3	0.96	0.95	0.96	0.94	0.92	0.98	0.97	0.98	0.75	0.86	0.97		0.99	-0.12
Common Stock Total Equity	0.98	0.88	0.95	0.99	0.98	0.98	0.83	0.78	0.26	0.96	-0.15	0.33	0.96	0.94	0.94	0.94	0.95	0.96	0.95	0.99	0.77	0.86	0.95	0.99		-0.08
Short Term Investments	-0.22	0.0	0.11	-0.07	-0.17	-0.12	-0.26	0.52	0.92	-0.31	-0.15	0.9	0.05	-0.18	-0.35	0.12	0.16	-0.29	-0.32	-0.11	0.54	-0.45	-0.32	-0.12	-0.08

Click cells to compare fundamentals

Neogen Account Relationship Matchups

Neogen fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	797.2M	920.2M	992.9M	4.6B	4.5B	4.8B
Other Current Liab	22.8M	26.6M	35.6M	57.2M	48.6M	51.1M
Total Current Liabilities	48.5M	53.6M	77.8M	145.5M	154.3M	162.0M
Total Stockholder Equity	725.2M	840.4M	887.4M	3.1B	3.1B	3.3B
Property Plant And Equipment Net	78.7M	100.5M	110.6M	198.7M	291.9M	306.5M
Net Debt	(342.6M)	(379.8M)	605.6M	736.8M	735.6M	772.4M
Retained Earnings	478.7M	539.6M	587.9M	565.0M	555.6M	583.4M
Cash	343.7M	381.1M	381.1M	163.2M	170.6M	179.1M
Non Current Assets Total	259.8M	328.7M	366.1M	4.0B	4.0B	4.2B
Non Currrent Assets Other	2.2M	2.0M	2.2M	15.2M	20.2M	15.7M
Cash And Short Term Investments	343.7M	381.1M	381.1M	245.6M	170.9M	179.5M
Net Receivables	84.7M	91.8M	99.7M	153.3M	173.0M	181.7M
Common Stock Shares Outstanding	105.7M	107.1M	108.0M	188.9M	216.5M	227.3M
Liabilities And Stockholders Equity	797.2M	920.2M	992.9M	4.6B	4.5B	4.8B
Non Current Liabilities Total	23.5M	26.2M	27.7M	1.3B	1.3B	1.3B
Inventory	95.1M	100.7M	122.3M	133.8M	189.3M	198.7M
Other Current Assets	14.0M	35.7M	47.5M	53.3M	56.0M	58.8M
Other Stockholder Equity	257.7M	295.0M	310.0M	2.6B	2.6B	2.7B
Total Liab	72.0M	79.8M	105.6M	1.4B	1.4B	1.5B
Property Plant And Equipment Gross	80.6M	102.9M	215.5M	318.9M	432.2M	453.8M
Total Current Assets	537.4M	591.5M	626.8M	585.9M	589.2M	618.7M
Accumulated Other Comprehensive Income	(19.7M)	(11.4M)	(27.8M)	(33.3M)	(30.0M)	(28.5M)
Intangible Assets	66.6M	92.3M	107.5M	1.6B	1.5B	1.6B
Accounts Payable	25.7M	23.9M	34.6M	76.7M	83.1M	87.2M
Common Stock Total Equity	8.5M	17.2M	17.2M	34.6M	39.8M	41.8M
Short Term Investments	277.4M	305.5M	336.6M	82.3M	325K	308.8K
Common Stock	8.5M	17.2M	17.2M	34.6M	34.7M	32.9M
Other Liab	22.6M	26.2M	27.7M	375.7M	432.1M	453.7M
Other Assets	2.2M	2.0M	4.8B	15.2M	1.0	0.95
Good Will	181.1M	228.3M	255.5M	3.8B	2.1B	2.2B
Property Plant Equipment	78.7M	100.5M	110.6M	198.7M	228.6M	240.0M
Net Tangible Assets	599.6M	612.1M	887.4M	3.1B	3.6B	3.8B
Retained Earnings Total Equity	478.7M	539.6M	587.9M	565.0M	649.8M	382.8M

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When determining whether Neogen is a strong investment it is important to analyze Neogen'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 Neogen's future performance. For an informed investment choice regarding Neogen Stock, refer to the following important reports:

How To Invest In Neogen

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Is Neogen Stock a good investment?

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What is Neogen's Net Worth?

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Largest Health Care Equipment & Supplies Companies

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neogen. 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 Neogen Stock please use our How to Invest in Neogen guide.

You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Is Health Care Equipment & Supplies 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 Neogen. If investors know Neogen 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 Neogen 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

(0.86)

Earnings Share

(0.11)

Revenue Per Share

4.212

Quarterly Revenue Growth

(0.05)

Return On Assets

0.0085

The market value of Neogen is measured differently than its book value, which is the value of Neogen that is recorded on the company's balance sheet. Investors also form their own opinion of Neogen's value that differs from its market value or its book value, called intrinsic value, which is Neogen'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 Neogen's market value can be influenced by many factors that don't directly affect Neogen'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 Neogen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Neogen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Neogen'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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Neogen Income Before Tax vs Total Revenue Analysis

Income Before Tax vs Total Revenue

Income Before Tax vs Total Revenue Correlation Analysis

Correlation Coefficient

Income Before Tax

Total Revenue

Neogen fundamental ratios Correlations

Neogen Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Neogen fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Other Stockholder Equity	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Retained Earnings
Non Current Liabilities Total	+ 1.0	Non Current Assets Total

Short Term Investments	- 0.45	Short Term Debt
Short Term Investments	- 0.35	Non Current Liabilities Total
Short Term Investments	- 0.32	Intangible Assets
Short Term Investments	- 0.32	Total Liab
Short Term Investments	- 0.31	Non Current Assets Total
Short Term Investments	- 0.29	Other Stockholder Equity