Parker Gross Profit vs Operating Income Analysis

PH Stock

USD 706.87 4.19 0.60%

Parker Hannifin financial indicator trend analysis is much more than just breaking down Parker Hannifin prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Parker Hannifin is a good investment. Please check the relationship between Parker Hannifin Gross Profit and its Operating Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parker Hannifin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

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

Gross Profit vs Operating Income

Gross Profit vs Operating Income Correlation Analysis

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

The correlation between Parker Hannifin's Gross Profit and Operating Income is 0.87. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Operating Income in the same time period over historical financial statements of Parker Hannifin, assuming nothing else is changed. The correlation between historical values of Parker Hannifin's Gross Profit 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 Gross Profit of Parker Hannifin 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 Gross Profit i.e., Parker Hannifin's Gross Profit and Operating Income go up and down completely randomly.

Correlation Coefficient

0.87

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Parker Hannifin minus its cost of goods sold. It is profit before Parker Hannifin operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Operating Income

Operating Income is the amount of profit realized from Parker Hannifin 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 Parker Hannifin 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 Parker Hannifin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Parker Hannifin 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parker Hannifin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For more detail on how to invest in Parker Stock please use our How to Invest in Parker Hannifin guide.As of now, Parker Hannifin's Enterprise Value is increasing as compared to previous years.

	2021	2022	2023	2024 (projected)
Gross Profit	4.5B	6.4B	7.2B	7.5B
Total Revenue	15.9B	19.1B	19.9B	20.9B

Gross Profit Total Revenue

Parker Hannifin 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		0.96	0.66	0.95	0.96	0.78	0.94	0.97	-0.18	0.97	0.33	-0.25	0.68	-0.82	0.93	0.99	0.42	-0.89	0.99	0.53	0.83	0.92	0.95	0.91	0.6	0.6
Short Long Term Debt Total	0.96		0.66	0.88	0.85	0.72	0.98	0.91	-0.21	0.92	0.24	-0.31	0.62	-0.87	0.96	0.92	0.49	-0.9	0.99	0.55	0.79	0.87	0.84	0.88	0.45	0.45
Other Current Liab	0.66	0.66		0.59	0.57	0.76	0.63	0.62	-0.03	0.5	0.63	-0.07	0.87	-0.47	0.68	0.6	0.73	-0.63	0.68	0.93	0.39	0.39	0.66	0.55	0.66	0.66
Total Current Liabilities	0.95	0.88	0.59		0.94	0.7	0.88	0.88	-0.23	0.93	0.26	-0.3	0.6	-0.65	0.78	0.95	0.4	-0.73	0.91	0.46	0.95	0.92	0.91	0.97	0.52	0.53
Total Stockholder Equity	0.96	0.85	0.57	0.94		0.73	0.83	0.95	-0.17	0.94	0.3	-0.23	0.62	-0.69	0.8	0.97	0.34	-0.78	0.9	0.45	0.84	0.9	0.95	0.91	0.62	0.63
Property Plant And Equipment Net	0.78	0.72	0.76	0.7	0.73		0.7	0.77	-0.07	0.77	0.58	-0.13	0.91	-0.6	0.77	0.79	0.2	-0.75	0.78	0.58	0.57	0.69	0.79	0.6	0.81	0.8
Net Debt	0.94	0.98	0.63	0.88	0.83	0.7		0.88	-0.38	0.92	0.2	-0.46	0.56	-0.84	0.94	0.91	0.5	-0.86	0.96	0.47	0.8	0.89	0.8	0.9	0.38	0.38
Retained Earnings	0.97	0.91	0.62	0.88	0.95	0.77	0.88		-0.1	0.94	0.41	-0.15	0.68	-0.86	0.92	0.96	0.34	-0.93	0.95	0.52	0.74	0.86	0.95	0.83	0.69	0.69
Cash	-0.18	-0.21	-0.03	-0.23	-0.17	-0.07	-0.38	-0.1		-0.29	0.14	0.95	0.17	0.1	-0.13	-0.21	-0.21	0.04	-0.18	0.26	-0.29	-0.37	-0.05	-0.38	0.26	0.26
Non Current Assets Total	0.97	0.92	0.5	0.93	0.94	0.77	0.92	0.94	-0.29		0.23	-0.36	0.58	-0.8	0.89	0.98	0.23	-0.85	0.95	0.33	0.86	0.98	0.9	0.9	0.53	0.53
Non Currrent Assets Other	0.33	0.24	0.63	0.26	0.3	0.58	0.2	0.41	0.14	0.23		0.3	0.67	-0.28	0.36	0.29	0.21	-0.43	0.34	0.59	0.1	0.13	0.41	0.18	0.75	0.74
Cash And Short Term Investments	-0.25	-0.31	-0.07	-0.3	-0.23	-0.13	-0.46	-0.15	0.95	-0.36	0.3		0.1	0.15	-0.21	-0.29	-0.24	0.09	-0.26	0.22	-0.36	-0.44	-0.13	-0.43	0.26	0.25
Net Receivables	0.68	0.62	0.87	0.6	0.62	0.91	0.56	0.68	0.17	0.58	0.67	0.1		-0.52	0.68	0.66	0.34	-0.7	0.69	0.79	0.4	0.46	0.76	0.47	0.84	0.83
Common Stock Shares Outstanding	-0.82	-0.87	-0.47	-0.65	-0.69	-0.6	-0.84	-0.86	0.1	-0.8	-0.28	0.15	-0.52		-0.92	-0.77	-0.3	0.96	-0.86	-0.42	-0.52	-0.71	-0.71	-0.63	-0.43	-0.44
Non Current Liabilities Total	0.93	0.96	0.68	0.78	0.8	0.77	0.94	0.92	-0.13	0.89	0.36	-0.21	0.68	-0.92		0.89	0.43	-0.96	0.97	0.58	0.64	0.79	0.83	0.76	0.54	0.55
Inventory	0.99	0.92	0.6	0.95	0.97	0.79	0.91	0.96	-0.21	0.98	0.29	-0.29	0.66	-0.77	0.89		0.33	-0.85	0.96	0.45	0.85	0.94	0.96	0.91	0.59	0.6
Other Current Assets	0.42	0.49	0.73	0.4	0.34	0.2	0.5	0.34	-0.21	0.23	0.21	-0.24	0.34	-0.3	0.43	0.33		-0.34	0.45	0.76	0.27	0.17	0.34	0.49	0.13	0.13
Other Stockholder Equity	-0.89	-0.9	-0.63	-0.73	-0.78	-0.75	-0.86	-0.93	0.04	-0.85	-0.43	0.09	-0.7	0.96	-0.96	-0.85	-0.34		-0.92	-0.56	-0.56	-0.74	-0.83	-0.69	-0.63	-0.63
Total Liab	0.99	0.99	0.68	0.91	0.9	0.78	0.96	0.95	-0.18	0.95	0.34	-0.26	0.69	-0.86	0.97	0.96	0.45	-0.92		0.56	0.8	0.89	0.91	0.88	0.56	0.57
Total Current Assets	0.53	0.55	0.93	0.46	0.45	0.58	0.47	0.52	0.26	0.33	0.59	0.22	0.79	-0.42	0.58	0.45	0.76	-0.56	0.56		0.25	0.2	0.55	0.41	0.59	0.59
Short Term Debt	0.83	0.79	0.39	0.95	0.84	0.57	0.8	0.74	-0.29	0.86	0.1	-0.36	0.4	-0.52	0.64	0.85	0.27	-0.56	0.8	0.25		0.92	0.76	0.94	0.34	0.35
Intangible Assets	0.92	0.87	0.39	0.92	0.9	0.69	0.89	0.86	-0.37	0.98	0.13	-0.44	0.46	-0.71	0.79	0.94	0.17	-0.74	0.89	0.2	0.92		0.83	0.92	0.4	0.4
Accounts Payable	0.95	0.84	0.66	0.91	0.95	0.79	0.8	0.95	-0.05	0.9	0.41	-0.13	0.76	-0.71	0.83	0.96	0.34	-0.83	0.91	0.55	0.76	0.83		0.83	0.71	0.72
Property Plant And Equipment Gross	0.91	0.88	0.55	0.97	0.91	0.6	0.9	0.83	-0.38	0.9	0.18	-0.43	0.47	-0.63	0.76	0.91	0.49	-0.69	0.88	0.41	0.94	0.92	0.83		0.38	0.38
Common Stock Total Equity	0.6	0.45	0.66	0.52	0.62	0.81	0.38	0.69	0.26	0.53	0.75	0.26	0.84	-0.43	0.54	0.59	0.13	-0.63	0.56	0.59	0.34	0.4	0.71	0.38		1.0
Common Stock	0.6	0.45	0.66	0.53	0.63	0.8	0.38	0.69	0.26	0.53	0.74	0.25	0.83	-0.44	0.55	0.6	0.13	-0.63	0.57	0.59	0.35	0.4	0.72	0.38	1.0

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Parker Hannifin Account Relationship Matchups

Parker Hannifin fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	19.7B	20.3B	25.9B	30.0B	29.3B	30.8B
Short Long Term Debt Total	8.5B	6.6B	11.5B	12.6B	10.6B	11.1B
Other Current Liab	1.2B	1.2B	2.2B	1.5B	1.5B	832.2M
Total Current Liabilities	3.1B	3.1B	5.9B	7.7B	7.3B	7.7B
Total Stockholder Equity	6.1B	8.4B	8.8B	10.3B	12.1B	12.7B
Property Plant And Equipment Net	2.3B	2.3B	2.1B	2.9B	2.9B	1.6B
Net Debt	7.8B	5.9B	10.9B	12.1B	10.1B	10.6B
Retained Earnings	13.5B	14.9B	15.7B	17.0B	19.1B	20.1B
Cash	685.5M	733.1M	535.8M	475.2M	422.0M	512.1M
Non Current Assets Total	14.9B	14.7B	13.9B	23.1B	22.5B	23.6B
Non Currrent Assets Other	801.0M	747.8M	878.5M	1.1B	1.0B	574.1M
Cash And Short Term Investments	756.3M	772.2M	563.7M	483.6M	422.0M	584.3M
Net Receivables	2.1B	2.5B	2.9B	3.1B	3.0B	1.5B
Common Stock Shares Outstanding	129.8M	130.8M	130.4M	129.8M	130.2M	126.3M
Liabilities And Stockholders Equity	19.7B	20.3B	25.9B	30.0B	29.3B	30.8B
Non Current Liabilities Total	10.5B	8.8B	11.2B	11.9B	9.9B	10.4B
Inventory	1.8B	2.1B	2.2B	2.9B	2.8B	2.9B
Other Current Assets	215.0M	244.0M	6.4B	615.5M	980.3M	1.0B
Other Stockholder Equity	(4.9B)	(5.0B)	(5.4B)	(5.5B)	(5.7B)	(5.4B)
Total Liab	13.6B	11.9B	17.1B	19.6B	17.2B	18.1B
Total Current Assets	4.9B	5.6B	12.0B	6.8B	6.8B	3.8B
Short Term Debt	809.5M	2.8M	1.7B	3.8B	3.5B	3.6B
Intangible Assets	3.8B	3.5B	3.1B	8.5B	7.8B	8.2B
Accounts Payable	1.1B	1.7B	1.7B	2.1B	2.0B	2.1B
Property Plant And Equipment Gross	2.3B	2.3B	5.9B	6.9B	7.1B	7.4B
Accumulated Other Comprehensive Income	(2.6B)	(1.6B)	(1.5B)	(1.3B)	(1.4B)	(1.5B)
Other Liab	2.7B	2.2B	1.5B	2.8B	3.2B	1.7B
Other Assets	128.3M	104.3M	110.6M	1.2B	1.1B	1.1B
Long Term Debt	7.7B	6.6B	9.8B	8.8B	7.2B	7.5B
Good Will	7.9B	8.1B	7.7B	10.6B	10.5B	11.0B
Treasury Stock	(4.6B)	(5.3B)	(5.4B)	(5.4B)	(4.8B)	(4.6B)
Property Plant Equipment	2.4B	2.3B	2.1B	2.9B	3.3B	2.0B
Net Tangible Assets	(5.6B)	(3.2B)	(2.0B)	10.3B	9.3B	9.8B
Noncontrolling Interest In Consolidated Entity	14.5M	15.4M	11.9M	11.4M	10.3M	16.3M
Retained Earnings Total Equity	13.5B	14.9B	15.7B	17.0B	19.6B	11.5B
Short Term Investments	70.8M	39.1M	27.9M	8.4M	(1.0B)	(982.5M)
Long Term Debt Total	7.7B	6.6B	9.8B	8.8B	10.1B	5.1B

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How To Invest In Parker

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parker Hannifin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

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

You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

Is Industrial Machinery & Supplies & Components 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 Parker Hannifin. If investors know Parker 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 Parker Hannifin 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

0.07

Dividend Share

6.22

Earnings Share

22.2

Revenue Per Share

155.467

Quarterly Revenue Growth

0.012

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

Gross Profit vs Operating Income

Gross Profit vs Operating Income Correlation Analysis

Correlation Coefficient

Gross Profit

Operating Income

Parker Hannifin fundamental ratios Correlations

Parker Hannifin Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Parker Hannifin fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Total Equity
Inventory	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Total Liab	+ 0.99	Short Long Term Debt Total
Net Debt	+ 0.98	Short Long Term Debt Total
Inventory	+ 0.98	Non Current Assets Total

Other Stockholder Equity	- 0.96	Non Current Liabilities Total
Other Stockholder Equity	- 0.93	Retained Earnings
Total Liab	- 0.92	Other Stockholder Equity
Non Current Liabilities Total	- 0.92	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.9	Short Long Term Debt Total
Other Stockholder Equity	- 0.89	Total Assets