Walgreens Income Before Tax vs Net Income Analysis

WBA Stock

USD 8.30 0.06 0.73%

Walgreens Boots financial indicator trend analysis is more than just analyzing Walgreens Boots Alliance current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Walgreens Boots Alliance is a good investment. Please check the relationship between Walgreens Boots Income Before Tax and its Net Income accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Walgreens Boots Alliance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Income Before Tax vs Net Income

Income Before Tax vs Net Income Correlation Analysis

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

The correlation between Walgreens Boots' Income Before Tax and Net Income is 0.99. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Net Income in the same time period over historical financial statements of Walgreens Boots Alliance, assuming nothing else is changed. The correlation between historical values of Walgreens Boots' Income Before Tax and Net 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 Walgreens Boots Alliance are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Income Before Tax i.e., Walgreens Boots' Income Before Tax and Net Income go up and down completely randomly.

Correlation Coefficient

0.99

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 Walgreens Boots income statement and is an important metric when analyzing Walgreens Boots Alliance 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.

Net Income

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

Most indicators from Walgreens Boots' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Walgreens Boots Alliance 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Walgreens Boots Alliance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

At present, Walgreens Boots' Tax Provision is projected to decrease significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.21, whereas Selling General Administrative is forecasted to decline to about 18.4 B.

	2021	2022	2023	2024 (projected)
Gross Profit	28.3B	27.1B	26.5B	14.8B
Total Revenue	132.7B	139.1B	147.7B	155.0B

Gross Profit Total Revenue

Walgreens Boots 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	Accounts Payable	Common Stock	Other Liab	Other Assets	Long Term Debt
Total Assets		0.9	0.67	0.93	0.48	0.85	0.85	0.73	0.06	0.99	-0.03	0.18	0.71	-0.33	0.92	0.72	0.74	-0.52	0.95	0.66	0.57	0.91	-0.89	0.69	0.46	0.62
Short Long Term Debt Total	0.9		0.62	0.87	0.13	0.96	0.99	0.52	-0.15	0.93	-0.06	0.01	0.45	-0.59	0.97	0.44	0.7	-0.71	0.96	0.37	0.64	0.77	-0.76	0.62	0.41	0.34
Other Current Liab	0.67	0.62		0.69	0.03	0.61	0.61	0.27	-0.11	0.69	0.18	0.11	0.18	-0.49	0.72	0.26	0.8	-0.56	0.73	0.22	0.18	0.63	-0.62	0.85	0.6	0.14
Total Current Liabilities	0.93	0.87	0.69		0.29	0.8	0.85	0.65	-0.11	0.92	0.16	0.04	0.67	-0.43	0.88	0.66	0.84	-0.64	0.95	0.56	0.67	0.97	-0.88	0.73	0.39	0.52
Total Stockholder Equity	0.48	0.13	0.03	0.29		0.12	0.05	0.78	0.48	0.39	-0.17	0.37	0.77	0.42	0.13	0.8	0.02	0.25	0.2	0.81	0.16	0.4	-0.46	-0.04	0.06	0.79
Property Plant And Equipment Net	0.85	0.96	0.61	0.8	0.12		0.96	0.52	-0.22	0.9	-0.05	-0.07	0.35	-0.68	0.94	0.42	0.62	-0.76	0.91	0.29	0.6	0.67	-0.62	0.57	0.47	0.2
Net Debt	0.85	0.99	0.61	0.85	0.05	0.96		0.49	-0.31	0.91	0.0	-0.15	0.39	-0.68	0.95	0.38	0.68	-0.79	0.94	0.26	0.69	0.74	-0.71	0.59	0.41	0.23
Retained Earnings	0.73	0.52	0.27	0.65	0.78	0.52	0.49		0.08	0.7	0.09	0.02	0.85	-0.06	0.47	0.9	0.22	-0.35	0.55	0.76	0.65	0.66	-0.63	0.13	0.03	0.66
Cash	0.06	-0.15	-0.11	-0.11	0.48	-0.22	-0.31	0.08		-0.07	-0.34	0.95	0.25	0.64	-0.07	0.25	-0.04	0.64	-0.09	0.59	-0.42	0.01	-0.12	0.0	-0.15	0.61
Non Current Assets Total	0.99	0.93	0.69	0.92	0.39	0.9	0.91	0.7	-0.07		-0.02	0.05	0.64	-0.44	0.95	0.64	0.72	-0.62	0.96	0.55	0.61	0.87	-0.85	0.69	0.48	0.51
Non Currrent Assets Other	-0.03	-0.06	0.18	0.16	-0.17	-0.05	0.0	0.09	-0.34	-0.02		-0.33	-0.02	-0.38	-0.09	0.01	0.1	-0.38	0.0	-0.13	0.45	0.08	0.1	0.04	0.0	-0.27
Cash And Short Term Investments	0.18	0.01	0.11	0.04	0.37	-0.07	-0.15	0.02	0.95	0.05	-0.33		0.19	0.47	0.11	0.22	0.2	0.49	0.08	0.56	-0.41	0.13	-0.22	0.22	0.0	0.58
Net Receivables	0.71	0.45	0.18	0.67	0.77	0.35	0.39	0.85	0.25	0.64	-0.02	0.19		0.25	0.44	0.9	0.37	-0.06	0.54	0.89	0.54	0.76	-0.79	0.26	0.1	0.87
Common Stock Shares Outstanding	-0.33	-0.59	-0.49	-0.43	0.42	-0.68	-0.68	-0.06	0.64	-0.44	-0.38	0.47	0.25		-0.53	0.09	-0.36	0.88	-0.51	0.35	-0.53	-0.22	0.06	-0.32	-0.32	0.46
Non Current Liabilities Total	0.92	0.97	0.72	0.88	0.13	0.94	0.95	0.47	-0.07	0.95	-0.09	0.11	0.44	-0.53		0.44	0.8	-0.65	0.98	0.4	0.51	0.81	-0.79	0.77	0.52	0.37
Inventory	0.72	0.44	0.26	0.66	0.8	0.42	0.38	0.9	0.25	0.64	0.01	0.22	0.9	0.09	0.44		0.36	-0.14	0.53	0.9	0.49	0.72	-0.65	0.27	0.15	0.79
Other Current Assets	0.74	0.7	0.8	0.84	0.02	0.62	0.68	0.22	-0.04	0.72	0.1	0.2	0.37	-0.36	0.8	0.36		-0.45	0.84	0.37	0.27	0.83	-0.76	0.92	0.61	0.34
Other Stockholder Equity	-0.52	-0.71	-0.56	-0.64	0.25	-0.76	-0.79	-0.35	0.64	-0.62	-0.38	0.49	-0.06	0.88	-0.65	-0.14	-0.45		-0.66	0.11	-0.7	-0.48	0.32	-0.38	-0.16	0.22
Total Liab	0.95	0.96	0.73	0.95	0.2	0.91	0.94	0.55	-0.09	0.96	0.0	0.08	0.54	-0.51	0.98	0.53	0.84	-0.66		0.47	0.58	0.89	-0.85	0.78	0.48	0.43
Total Current Assets	0.66	0.37	0.22	0.56	0.81	0.29	0.26	0.76	0.59	0.55	-0.13	0.56	0.89	0.35	0.4	0.9	0.37	0.11	0.47		0.28	0.66	-0.69	0.3	0.1	0.93
Short Term Debt	0.57	0.64	0.18	0.67	0.16	0.6	0.69	0.65	-0.42	0.61	0.45	-0.41	0.54	-0.53	0.51	0.49	0.27	-0.7	0.58	0.28		0.58	-0.47	0.1	0.0	0.22
Accounts Payable	0.91	0.77	0.63	0.97	0.4	0.67	0.74	0.66	0.01	0.87	0.08	0.13	0.76	-0.22	0.81	0.72	0.83	-0.48	0.89	0.66	0.58		-0.93	0.71	0.32	0.66
Common Stock	-0.89	-0.76	-0.62	-0.88	-0.46	-0.62	-0.71	-0.63	-0.12	-0.85	0.1	-0.22	-0.79	0.06	-0.79	-0.65	-0.76	0.32	-0.85	-0.69	-0.47	-0.93		-0.67	-0.35	-0.74
Other Liab	0.69	0.62	0.85	0.73	-0.04	0.57	0.59	0.13	0.0	0.69	0.04	0.22	0.26	-0.32	0.77	0.27	0.92	-0.38	0.78	0.3	0.1	0.71	-0.67		0.66	0.26
Other Assets	0.46	0.41	0.6	0.39	0.06	0.47	0.41	0.03	-0.15	0.48	0.0	0.0	0.1	-0.32	0.52	0.15	0.61	-0.16	0.48	0.1	0.0	0.32	-0.35	0.66		0.02
Long Term Debt	0.62	0.34	0.14	0.52	0.79	0.2	0.23	0.66	0.61	0.51	-0.27	0.58	0.87	0.46	0.37	0.79	0.34	0.22	0.43	0.93	0.22	0.66	-0.74	0.26	0.02

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Walgreens Boots Account Relationship Matchups

Walgreens Boots fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	87.2B	81.3B	90.1B	96.6B	81.0B	85.1B
Short Long Term Debt Total	40.1B	33.4B	35.5B	33.5B	32.9B	34.5B
Other Current Liab	(1M)	7.3B	7.9B	8.4B	10.1B	10.6B
Total Current Liabilities	27.1B	22.1B	22.6B	24.5B	27.0B	28.3B
Total Stockholder Equity	21.1B	23.8B	29.4B	20.0B	10.4B	12.2B
Property Plant And Equipment Net	35.1B	34.1B	33.0B	33.3B	30.1B	31.6B
Net Debt	39.6B	32.2B	34.1B	32.8B	31.5B	33.1B
Retained Earnings	34.2B	35.1B	37.8B	33.1B	23.3B	14.4B
Cash	516M	1.2B	1.4B	728M	1.3B	1.1B
Non Current Assets Total	69.1B	65.5B	73.2B	81.1B	62.7B	65.8B
Non Currrent Assets Other	(822M)	137M	287M	2.6B	1.8B	1.9B
Cash And Short Term Investments	516M	1.2B	2.5B	739M	3.1B	3.3B
Net Receivables	7.1B	5.7B	5.0B	5.4B	4.9B	2.5B
Common Stock Shares Outstanding	880.3M	866.4M	865.9M	863.2M	863.1M	804.3M
Liabilities And Stockholders Equity	87.2B	81.3B	90.1B	96.6B	81.0B	85.1B
Non Current Liabilities Total	39.0B	35.4B	37.1B	43.6B	41.9B	44.0B
Inventory	9.5B	8.2B	8.4B	8.3B	8.3B	5.3B
Other Current Assets	1.1B	974M	799M	1.1B	2.1B	2.2B
Other Stockholder Equity	(9.3B)	(9.6B)	(9.7B)	(10.1B)	(10.0B)	(9.5B)
Total Liab	66.0B	57.5B	59.7B	68.1B	68.9B	72.3B
Total Current Assets	18.1B	15.8B	16.9B	15.5B	18.3B	9.5B
Short Term Debt	6.0B	3.6B	3.3B	3.3B	2.5B	1.3B
Accounts Payable	14.5B	11.1B	11.3B	12.6B	14.1B	14.8B
Other Liab	3.8B	5.3B	5.0B	12.4B	14.3B	15.0B
Other Assets	660M	2.0B	1.7B	2.5B	2.9B	3.0B
Long Term Debt	12.2B	7.7B	10.6B	8.1B	8.0B	6.0B
Property Plant Equipment	33.4B	34.1B	33.0B	31.8B	36.5B	38.3B
Property Plant And Equipment Gross	35.1B	34.1B	33.0B	46.2B	43.0B	45.1B
Accumulated Other Comprehensive Income	(3.8B)	(2.1B)	(2.8B)	(3.0B)	(2.9B)	(2.8B)
Good Will	15.3B	12.4B	22.3B	28.2B	15.5B	9.9B
Treasury Stock	(19.1B)	(20.6B)	(20.6B)	(20.7B)	(18.6B)	(17.7B)
Intangible Assets	10.8B	9.9B	10.7B	13.6B	13.0B	6.6B
Net Tangible Assets	20.6B	1.5B	26.3B	(23.3B)	(21.0B)	(19.9B)
Deferred Long Term Liab	1.8B	1.5B	1.9B	1.4B	1.3B	1.6B
Long Term Investments	7.3B	7.0B	5.5B	3.5B	2.3B	4.5B
Short Long Term Debt	3.5B	1.3B	1.1B	918M	1.5B	2.6B

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When determining whether Walgreens Boots Alliance offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Walgreens Boots' 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 Walgreens Boots Alliance Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Walgreens Boots Alliance Stock:

How To Invest In Walgreens

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Is Walgreens Stock a good investment?

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What is Walgreens Boots' Net Worth?

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Largest Consumer Staples Distribution & Retail Companies

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Largest Consumer Staples Companies

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Walgreens Boots Alliance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Is Consumer Staples Distribution & Retail 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 Walgreens Boots. If investors know Walgreens 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 Walgreens Boots 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

1.915

Dividend Share

1.23

Earnings Share

(10.01)

Revenue Per Share

171.079

Quarterly Revenue Growth

0.06

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

Income Before Tax vs Net Income

Income Before Tax vs Net Income Correlation Analysis

Correlation Coefficient

Income Before Tax

Net Income

Walgreens Boots fundamental ratios Correlations

Walgreens Boots Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Walgreens Boots fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.98	Non Current Liabilities Total
Non Current Liabilities Total	+ 0.97	Short Long Term Debt Total
Accounts Payable	+ 0.97	Total Current Liabilities
Property Plant And Equipment Net	+ 0.96	Short Long Term Debt Total

Common Stock	- 0.93	Accounts Payable
Common Stock	- 0.89	Total Assets
Common Stock	- 0.88	Total Current Liabilities
Common Stock	- 0.85	Total Liab
Common Stock	- 0.85	Non Current Assets Total
Common Stock	- 0.79	Non Current Liabilities Total