Tabcorp Operating Income vs Extraordinary Items Analysis

TAH Stock

0.51 0.03 5.56%

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

Operating Income vs Extraordinary Items

Operating Income vs Extraordinary Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tabcorp Holdings Operating Income account and Extraordinary Items. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Tabcorp Holdings' Operating Income and Extraordinary Items is -0.22. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Extraordinary Items in the same time period over historical financial statements of Tabcorp Holdings, assuming nothing else is changed. The correlation between historical values of Tabcorp Holdings' Operating Income and Extraordinary Items 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 Tabcorp Holdings are associated (or correlated) with its Extraordinary Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Extraordinary Items has no effect on the direction of Operating Income i.e., Tabcorp Holdings' Operating Income and Extraordinary Items go up and down completely randomly.

Correlation Coefficient

-0.22

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Tabcorp Holdings 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 Tabcorp Holdings 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.

Extraordinary Items

Most indicators from Tabcorp Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tabcorp Holdings 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Tabcorp Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Discontinued Operations is likely to gain to about 519.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 187.3 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	125.8M	36.9M	51.8M	49.2M
Depreciation And Amortization	286.4M	240.5M	220.3M	189.8M

Interest Expense Depreciation And Amortization

Tabcorp Holdings 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 Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Common Stock	Other Current Assets	Short Long Term Debt Total	Current Deferred Revenue
Total Assets		0.29	0.87	0.97	0.89	0.93	-0.75	0.96	0.88	1.0	-0.24	0.87	0.5	0.6	0.51	0.96	0.76	0.08	0.98	0.49	0.84	0.87	0.98	0.53	0.94	-0.11
Other Current Liab	0.29		0.47	0.3	0.14	0.33	-0.05	0.19	0.07	0.27	-0.73	0.04	-0.1	0.01	-0.12	0.12	0.38	-0.32	0.29	-0.13	0.32	-0.07	0.28	0.68	0.31	-0.98
Total Current Liabilities	0.87	0.47		0.83	0.82	0.85	-0.72	0.87	0.74	0.86	-0.14	0.76	0.5	0.55	0.5	0.8	0.82	0.09	0.88	0.55	0.89	0.8	0.87	0.79	0.85	-0.3
Total Stockholder Equity	0.97	0.3	0.83		0.88	0.85	-0.67	0.96	0.87	0.97	-0.28	0.87	0.54	0.55	0.46	0.89	0.73	0.1	0.93	0.48	0.82	0.85	0.96	0.5	0.86	-0.12
Property Plant And Equipment Net	0.89	0.14	0.82	0.88		0.87	-0.7	0.87	0.74	0.89	-0.04	0.74	0.51	0.36	0.33	0.9	0.76	-0.08	0.9	0.33	0.72	0.91	0.88	0.45	0.87	0.02
Net Debt	0.93	0.33	0.85	0.85	0.87		-0.8	0.84	0.72	0.93	-0.27	0.7	0.29	0.41	0.31	0.96	0.8	-0.16	0.97	0.24	0.71	0.78	0.93	0.54	1.0	-0.19
Retained Earnings	-0.75	-0.05	-0.72	-0.67	-0.7	-0.8		-0.72	-0.62	-0.75	-0.07	-0.7	-0.13	-0.32	-0.28	-0.83	-0.82	-0.28	-0.81	-0.43	-0.65	-0.78	-0.83	-0.48	-0.81	-0.07
Accounts Payable	0.96	0.19	0.87	0.96	0.87	0.84	-0.72		0.94	0.96	-0.1	0.94	0.66	0.7	0.65	0.92	0.72	0.2	0.94	0.65	0.91	0.9	0.94	0.55	0.86	-0.01
Cash	0.88	0.07	0.74	0.87	0.74	0.72	-0.62	0.94		0.87	-0.01	0.98	0.74	0.8	0.75	0.85	0.53	0.28	0.85	0.67	0.9	0.84	0.83	0.45	0.76	0.11
Non Current Assets Total	1.0	0.27	0.86	0.97	0.89	0.93	-0.75	0.96	0.87		-0.24	0.87	0.49	0.59	0.5	0.96	0.76	0.07	0.98	0.48	0.82	0.87	0.98	0.5	0.94	-0.1
Non Currrent Assets Other	-0.24	-0.73	-0.14	-0.28	-0.04	-0.27	-0.07	-0.1	-0.01	-0.24		0.04	0.32	0.1	0.29	-0.1	-0.14	0.51	-0.22	0.31	-0.02	0.23	-0.25	-0.23	-0.25	0.74
Cash And Short Term Investments	0.87	0.04	0.76	0.87	0.74	0.7	-0.7	0.94	0.98	0.87	0.04		0.69	0.76	0.72	0.84	0.57	0.38	0.84	0.74	0.91	0.87	0.85	0.47	0.74	0.13
Net Receivables	0.5	-0.1	0.5	0.54	0.51	0.29	-0.13	0.66	0.74	0.49	0.32	0.69		0.77	0.82	0.45	0.16	0.28	0.45	0.65	0.68	0.63	0.39	0.25	0.33	0.26
Common Stock Total Equity	0.6	0.01	0.55	0.55	0.36	0.41	-0.32	0.7	0.8	0.59	0.1	0.76	0.77		0.97	0.54	0.24	0.42	0.56	0.78	0.74	0.57	0.51	0.37	0.47	0.15
Common Stock Shares Outstanding	0.51	-0.12	0.5	0.46	0.33	0.31	-0.28	0.65	0.75	0.5	0.29	0.72	0.82	0.97		0.46	0.2	0.49	0.47	0.84	0.72	0.58	0.42	0.34	0.37	0.27
Non Current Liabilities Total	0.96	0.12	0.8	0.89	0.9	0.96	-0.83	0.92	0.85	0.96	-0.1	0.84	0.45	0.54	0.46		0.76	0.03	0.98	0.4	0.77	0.89	0.95	0.44	0.97	0.04
Inventory	0.76	0.38	0.82	0.73	0.76	0.8	-0.82	0.72	0.53	0.76	-0.14	0.57	0.16	0.24	0.2	0.76		0.09	0.8	0.3	0.66	0.72	0.81	0.65	0.79	-0.26
Other Stockholder Equity	0.08	-0.32	0.09	0.1	-0.08	-0.16	-0.28	0.2	0.28	0.07	0.51	0.38	0.28	0.42	0.49	0.03	0.09		0.01	0.67	0.3	0.31	0.09	0.08	-0.11	0.39
Total Liab	0.98	0.29	0.88	0.93	0.9	0.97	-0.81	0.94	0.85	0.98	-0.22	0.84	0.45	0.56	0.47	0.98	0.8	0.01		0.42	0.82	0.86	0.98	0.56	0.98	-0.12
Property Plant And Equipment Gross	0.49	-0.13	0.55	0.48	0.33	0.24	-0.43	0.65	0.67	0.48	0.31	0.74	0.65	0.78	0.84	0.4	0.3	0.67	0.42		0.72	0.6	0.48	0.37	0.29	0.27
Total Current Assets	0.84	0.32	0.89	0.82	0.72	0.71	-0.65	0.91	0.9	0.82	-0.02	0.91	0.68	0.74	0.72	0.77	0.66	0.3	0.82	0.72		0.81	0.81	0.77	0.74	-0.14
Intangible Assets	0.87	-0.07	0.8	0.85	0.91	0.78	-0.78	0.9	0.84	0.87	0.23	0.87	0.63	0.57	0.58	0.89	0.72	0.31	0.86	0.6	0.81		0.86	0.42	0.8	0.25
Common Stock	0.98	0.28	0.87	0.96	0.88	0.93	-0.83	0.94	0.83	0.98	-0.25	0.85	0.39	0.51	0.42	0.95	0.81	0.09	0.98	0.48	0.81	0.86		0.53	0.94	-0.12
Other Current Assets	0.53	0.68	0.79	0.5	0.45	0.54	-0.48	0.55	0.45	0.5	-0.23	0.47	0.25	0.37	0.34	0.44	0.65	0.08	0.56	0.37	0.77	0.42	0.53		0.54	-0.58
Short Long Term Debt Total	0.94	0.31	0.85	0.86	0.87	1.0	-0.81	0.86	0.76	0.94	-0.25	0.74	0.33	0.47	0.37	0.97	0.79	-0.11	0.98	0.29	0.74	0.8	0.94	0.54		-0.16
Current Deferred Revenue	-0.11	-0.98	-0.3	-0.12	0.02	-0.19	-0.07	-0.01	0.11	-0.1	0.74	0.13	0.26	0.15	0.27	0.04	-0.26	0.39	-0.12	0.27	-0.14	0.25	-0.12	-0.58	-0.16

Click cells to compare fundamentals

Tabcorp Holdings Account Relationship Matchups

Tabcorp Holdings fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	12.4B	11.9B	4.0B	4.1B	3.4B	5.2B
Other Current Liab	172M	200.1M	214.7M	59.1M	80.3M	76.3M
Total Current Liabilities	1.6B	1.7B	864.3M	667.3M	666.6M	824.0M
Total Stockholder Equity	6.0B	6.7B	2.7B	2.7B	1.2B	1.2B
Property Plant And Equipment Net	731M	608.6M	349.4M	271.7M	184M	174.8M
Net Debt	3.7B	2.4B	117.6M	281.7M	830.7M	1.4B
Retained Earnings	(2.6B)	(2.5B)	1.1B	966.4M	(438.8M)	(416.9M)
Accounts Payable	1.2B	1.2B	598.5M	571M	554.9M	446.8M
Cash	349M	424.4M	199.4M	290.7M	313.7M	215.5M
Non Current Assets Total	11.7B	11.0B	3.6B	3.5B	2.8B	4.8B
Non Currrent Assets Other	59M	44.7M	46.9M	43.1M	41.8M	43.9M
Cash And Short Term Investments	375M	553.3M	199.4M	290.7M	313.7M	221.7M
Net Receivables	72M	86.2M	129.9M	105.3M	90.8M	49.9M
Common Stock Shares Outstanding	2.0B	2.2B	2.2B	2.3B	2.3B	2.4B
Liabilities And Stockholders Equity	12.4B	11.9B	4.0B	4.1B	3.4B	5.2B
Non Current Liabilities Total	4.7B	3.5B	473.3M	726M	1.5B	1.6B
Other Stockholder Equity	(1M)	669.3M	(600K)	(800K)	(1.2M)	(1.3M)
Total Liab	6.4B	5.2B	1.3B	1.4B	2.1B	2.5B
Property Plant And Equipment Gross	731M	1.5B	932.2M	754.9M	734.4M	828.0M
Total Current Assets	727M	898.2M	431.4M	551.8M	571.1M	367.5M
Accumulated Other Comprehensive Income	50M	(500K)	1M	5.6M	(2.8M)	(2.9M)
Intangible Assets	10.3B	10.1B	3.2B	3.1B	1.6B	2.6B
Common Stock	8.6B	9.2B	1.6B	1.7B	1.7B	3.1B
Other Current Assets	280M	258.7M	102.1M	155.8M	166.6M	85.8M
Short Long Term Debt Total	4.1B	2.8B	317M	572.4M	1.1B	1.9B
Current Deferred Revenue	91M	54.9M	8.5M	56.4M	50.8M	53.3M
Short Term Debt	296M	223.6M	42.6M	37.2M	31.4M	29.8M
Other Liab	859M	841M	895.1M	190.8M	219.4M	277.8M
Other Assets	351M	488M	1.0	47.3M	54.4M	51.7M
Long Term Debt	3.5B	2.3B	135.3M	431.9M	1.4B	1.6B
Good Will	8.3B	7.2B	7.0B	1.7B	988M	938.6M
Property Plant Equipment	731M	609M	608.6M	271.7M	244.5M	232.3M
Net Tangible Assets	(4.3B)	(3.4B)	(3.4B)	(485.1M)	(436.6M)	(458.4M)
Short Long Term Debt	132.9M	192M	249M	177M	159.3M	316.2M
Long Term Debt Total	3.8B	2.6B	274.4M	535.2M	481.7M	457.6M
Long Term Investments	185.8M	188M	129M	30.6M	30.1M	28.6M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Tabcorp Stock Analysis

When running Tabcorp Holdings' price analysis, check to measure Tabcorp Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tabcorp Holdings is operating at the current time. Most of Tabcorp Holdings' value examination focuses on studying past and present price action to predict the probability of Tabcorp Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tabcorp Holdings' price. Additionally, you may evaluate how the addition of Tabcorp Holdings to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC