National Net Income vs Operating Income Analysis

NKSH Stock

USD 31.98 0.06 0.19%

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

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

Net Income vs Operating Income

Net Income vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of National Bankshares Net Income account and Operating Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between National Bankshares' Net Income and Operating Income is 0.74. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Operating Income in the same time period over historical financial statements of National Bankshares, assuming nothing else is changed. The correlation between historical values of National Bankshares' Net Income 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 Net Income of National Bankshares 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 Net Income i.e., National Bankshares' Net Income and Operating Income go up and down completely randomly.

Correlation Coefficient

0.74

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in National Bankshares financial statement analysis. It represents the amount of money remaining after all of National Bankshares operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Operating Income

Operating Income is the amount of profit realized from National Bankshares 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 National Bankshares 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 National Bankshares' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into National Bankshares 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 National Bankshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more detail on how to invest in National Stock please use our How to Invest in National Bankshares guide.As of now, National Bankshares' Tax Provision is decreasing as compared to previous years. The National Bankshares' current Enterprise Value Over EBITDA is estimated to increase to 7.16, while Selling General Administrative is projected to decrease to under 5 M.

	2021	2022	2023	2024 (projected)
Interest Expense	3.1M	3.1M	21.6M	22.6M
Depreciation And Amortization	636K	609K	754K	987.0K

Interest Expense Depreciation And Amortization

National Bankshares fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Non Current Liabilities Total	Other Current Liab	Total Current Liabilities	Accounts Payable	Short Term Debt	Other Liab	Good Will
Total Assets		0.64	0.7	0.77	-0.53	0.93	0.55	0.33	0.07	-0.1	0.84	0.64	0.42	0.48	-0.35	0.29	0.77	0.78	0.49	0.03	-0.03	0.13	-0.1	-0.83	0.7	0.45
Short Long Term Debt Total	0.64		0.78	0.44	-0.2	0.75	0.24	-0.06	0.5	0.33	0.55	0.19	0.5	0.51	0.18	0.17	0.13	0.62	0.5	-0.39	0.08	-0.21	-0.37	-0.63	0.8	0.32
Total Stockholder Equity	0.7	0.78		0.55	-0.64	0.85	0.66	-0.03	0.21	0.31	0.5	0.52	0.81	0.82	0.27	-0.15	0.13	0.54	0.82	-0.03	0.27	-0.18	-0.43	-0.85	0.73	0.53
Property Plant And Equipment Net	0.77	0.44	0.55		-0.59	0.72	0.56	0.52	-0.39	-0.3	0.58	0.8	0.47	0.52	-0.43	0.39	0.6	0.5	0.55	0.46	-0.05	0.4	0.18	-0.84	0.4	0.69
Net Debt	-0.53	-0.2	-0.64	-0.59		-0.49	-0.99	-0.05	0.28	0.05	-0.34	-0.64	-0.6	-0.61	-0.11	0.36	-0.26	-0.21	-0.61	-0.4	-0.46	0.06	0.25	0.63	-0.35	-0.57
Retained Earnings	0.93	0.75	0.85	0.72	-0.49		0.52	0.19	0.13	0.12	0.7	0.66	0.65	0.69	-0.18	0.21	0.52	0.71	0.71	0.0	0.07	0.01	-0.25	-0.9	0.71	0.48
Cash	0.55	0.24	0.66	0.56	-0.99	0.52		-0.05	-0.19	0.04	0.31	0.61	0.63	0.65	0.18	-0.41	0.26	0.19	0.65	0.31	0.53	-0.17	-0.36	-0.62	0.38	0.53
Non Current Assets Total	0.33	-0.06	-0.03	0.52	-0.05	0.19	-0.05		-0.61	-0.82	0.54	0.32	-0.29	-0.25	-0.77	0.68	0.55	0.47	-0.2	0.64	-0.79	0.97	0.89	-0.31	0.14	0.17
Non Currrent Assets Other	0.07	0.5	0.21	-0.39	0.28	0.13	-0.19	-0.61		0.59	0.1	-0.48	0.05	0.01	0.46	-0.21	-0.18	0.18	-0.03	-0.97	0.2	-0.69	-0.66	0.11	0.42	-0.26
Other Assets	-0.1	0.33	0.31	-0.3	0.05	0.12	0.04	-0.82	0.59		-0.32	-0.08	0.52	0.48	0.67	-0.41	-0.44	-0.09	0.44	-0.56	0.69	-0.84	-0.83	-0.02	0.05	0.07
Cash And Short Term Investments	0.84	0.55	0.5	0.58	-0.34	0.7	0.31	0.54	0.1	-0.32		0.32	0.05	0.07	-0.49	0.5	0.72	0.94	0.09	-0.01	-0.36	0.35	0.16	-0.62	0.73	0.17
Net Receivables	0.64	0.19	0.52	0.8	-0.64	0.66	0.61	0.32	-0.48	-0.08	0.32		0.68	0.71	-0.35	0.09	0.48	0.29	0.74	0.58	0.24	0.22	-0.01	-0.83	0.11	0.77
Common Stock Total Equity	0.42	0.5	0.81	0.47	-0.6	0.65	0.63	-0.29	0.05	0.52	0.05	0.68		0.99	0.34	-0.34	-0.1	0.12	0.99	0.09	0.62	-0.38	-0.59	-0.76	0.26	0.67
Common Stock Shares Outstanding	0.48	0.51	0.82	0.52	-0.61	0.69	0.65	-0.25	0.01	0.48	0.07	0.71	0.99		0.31	-0.32	-0.03	0.13	1.0	0.12	0.59	-0.34	-0.56	-0.78	0.28	0.66
Other Stockholder Equity	-0.35	0.18	0.27	-0.43	-0.11	-0.18	0.18	-0.77	0.46	0.67	-0.49	-0.35	0.34	0.31		-0.78	-0.68	-0.4	0.27	-0.4	0.59	-0.73	-0.67	0.21	0.07	-0.08
Total Liab	0.29	0.17	-0.15	0.39	0.36	0.21	-0.41	0.68	-0.21	-0.41	0.5	0.09	-0.34	-0.32	-0.78		0.47	0.54	-0.28	0.14	-0.69	0.65	0.63	-0.18	0.16	0.02
Property Plant And Equipment Gross	0.77	0.13	0.13	0.6	-0.26	0.52	0.26	0.55	-0.18	-0.44	0.72	0.48	-0.1	-0.03	-0.68	0.47		0.62	-0.01	0.19	-0.28	0.41	0.29	-0.43	0.29	0.2
Total Current Assets	0.78	0.62	0.54	0.5	-0.21	0.71	0.19	0.47	0.18	-0.09	0.94	0.29	0.12	0.13	-0.4	0.54	0.62		0.15	-0.07	-0.34	0.29	0.11	-0.61	0.74	0.16
Common Stock	0.49	0.5	0.82	0.55	-0.61	0.71	0.65	-0.2	-0.03	0.44	0.09	0.74	0.99	1.0	0.27	-0.28	-0.01	0.15		0.17	0.55	-0.29	-0.51	-0.8	0.29	0.68
Non Current Liabilities Total	0.03	-0.39	-0.03	0.46	-0.4	0.0	0.31	0.64	-0.97	-0.56	-0.01	0.58	0.09	0.12	-0.4	0.14	0.19	-0.07	0.17		-0.19	0.7	0.61	-0.26	-0.3	0.38
Other Current Liab	-0.03	0.08	0.27	-0.05	-0.46	0.07	0.53	-0.79	0.2	0.69	-0.36	0.24	0.62	0.59	0.59	-0.69	-0.28	-0.34	0.55	-0.19		-0.82	-0.85	-0.11	-0.15	0.27
Total Current Liabilities	0.13	-0.21	-0.18	0.4	0.06	0.01	-0.17	0.97	-0.69	-0.84	0.35	0.22	-0.38	-0.34	-0.73	0.65	0.41	0.29	-0.29	0.7	-0.82		0.96	-0.14	-0.01	0.09
Accounts Payable	-0.1	-0.37	-0.43	0.18	0.25	-0.25	-0.36	0.89	-0.66	-0.83	0.16	-0.01	-0.59	-0.56	-0.67	0.63	0.29	0.11	-0.51	0.61	-0.85	0.96		0.13	-0.17	-0.08
Short Term Debt	-0.83	-0.63	-0.85	-0.84	0.63	-0.9	-0.62	-0.31	0.11	-0.02	-0.62	-0.83	-0.76	-0.78	0.21	-0.18	-0.43	-0.61	-0.8	-0.26	-0.11	-0.14	0.13		-0.55	-0.73
Other Liab	0.7	0.8	0.73	0.4	-0.35	0.71	0.38	0.14	0.42	0.05	0.73	0.11	0.26	0.28	0.07	0.16	0.29	0.74	0.29	-0.3	-0.15	-0.01	-0.17	-0.55		0.17
Good Will	0.45	0.32	0.53	0.69	-0.57	0.48	0.53	0.17	-0.26	0.07	0.17	0.77	0.67	0.66	-0.08	0.02	0.2	0.16	0.68	0.38	0.27	0.09	-0.08	-0.73	0.17

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National Bankshares Account Relationship Matchups

National Bankshares fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.3B	1.5B	1.7B	1.7B	1.7B	1.1B
Short Long Term Debt Total	2.3M	2.0M	1.6M	1.4M	1.1M	977.1K
Total Stockholder Equity	183.7M	200.6M	191.8M	122.7M	140.5M	130.0M
Property Plant And Equipment Net	11.2M	10.0M	9.7M	10.4M	12.2M	10.7M
Net Debt	(84.9M)	(131.9M)	(137.2M)	(70.0M)	(86.6M)	(90.9M)
Retained Earnings	184.1M	189.5M	188.2M	199.1M	198.0M	129.7M
Cash	87.2M	133.9M	138.8M	71.4M	86.6M	70.2M
Non Current Assets Total	452.3M	562.6M	701.7M	673.1M	2.2B	2.3B
Non Currrent Assets Other	(4.9M)	(6.3M)	(5.0M)	(25.6M)	(636.7M)	(604.8M)
Other Assets	342.8M	271.4M	170.6M	270.2M	(1.2B)	(1.1B)
Cash And Short Term Investments	522.4M	680.6M	824.9M	728.3M	631.6M	663.1M
Net Receivables	4.3M	5.0M	5.1M	6.0M	6.3M	5.6M
Common Stock Total Equity	8.1M	8.0M	7.6M	7.4M	6.6M	6.8M
Common Stock Shares Outstanding	6.6M	6.5M	6.2M	6.0M	5.9M	5.5M
Liabilities And Stockholders Equity	1.3B	1.5B	1.7B	1.7B	1.7B	1.1B
Other Stockholder Equity	494K	3.0M	(4.1M)	(83.8M)	(75.4M)	(71.6M)
Property Plant And Equipment Gross	8.9M	10.0M	21.8M	22.1M	23.6M	11.9M
Total Current Assets	526.7M	685.6M	830.0M	734.3M	637.9M	669.8M
Accumulated Other Comprehensive Income	(8.5M)	3.0M	(4.1M)	(83.8M)	(64.9M)	(61.6M)
Common Stock	8.1M	8.0M	7.6M	7.4M	7.4M	6.8M
Non Current Liabilities Total	2.3M	286.3M	307.3M	106K	1.5B	1.6B
Other Current Liab	(144K)	251K	197K	148K	(1.8M)	(1.7M)
Other Liab	15.9M	19.9M	15.8M	10.6M	12.2M	9.2M
Short Term Investments	435.3M	546.7M	686.1M	656.9M	618.6M	649.5M
Inventory	(98.0M)	(148.7M)	(152.5M)	(85.7M)	(637.9M)	(606.0M)
Property Plant Equipment	10.5M	12.0M	9.7M	11.0M	12.7M	12.4M
Other Current Assets	98.0M	148.7M	152.5M	85.7M	100.6M	95.5M
Current Deferred Revenue	(210K)	(307K)	(245K)	(254K)	(1.4M)	(1.5M)
Net Tangible Assets	177.9M	194.8M	185.9M	116.8M	134.4M	179.3M
Retained Earnings Total Equity	193.6M	184.1M	188.2M	199.1M	229.0M	189.6M
Long Term Investments	727.5M	546.7M	686.1M	656.9M	618.6M	609.7M
Non Current Liabilities Other	13.8M	18.2M	15.8M	12.0M	13.8M	11.7M
Capital Stock	8.1M	8.0M	7.6M	7.4M	7.4M	6.3M

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When determining whether National Bankshares offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of National Bankshares' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of National Bankshares Stock. Outlined below are crucial reports that will aid in making a well-informed decision on National Bankshares Stock:

How To Invest In National

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Is National Stock a good investment?

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What is National Bankshares' Net Worth?

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Largest Regional Banks Companies

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Largest Banks - Regional Companies

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Bankshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

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

You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Is Regional Banks 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 National Bankshares. If investors know National 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 National Bankshares 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

(0.19)

Dividend Share

1.51

Earnings Share

1.46

Revenue Per Share

7.192

Quarterly Revenue Growth

0.051

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

Net Income vs Operating Income

Net Income vs Operating Income Correlation Analysis

Correlation Coefficient

Net Income

Operating Income

National Bankshares fundamental ratios Correlations

National Bankshares Account Relationship Matchups

High Positive Relationship

High Negative Relationship

National Bankshares fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Shares Outstanding
Common Stock Shares Outstanding	+ 0.99	Common Stock Total Equity
Common Stock	+ 0.99	Common Stock Total Equity
Total Current Liabilities	+ 0.97	Non Current Assets Total
Accounts Payable	+ 0.96	Total Current Liabilities
Total Current Assets	+ 0.94	Cash And Short Term Investments

Cash	- 0.99	Net Debt
Non Current Liabilities Total	- 0.97	Non Currrent Assets Other
Short Term Debt	- 0.9	Retained Earnings
Accounts Payable	- 0.85	Other Current Liab
Short Term Debt	- 0.85	Total Stockholder Equity
Total Current Liabilities	- 0.84	Other Assets