WDFC Net Income vs Tax Provision Analysis

WDFC Stock  USD 229.08  1.85  0.80%   
WD 40 financial indicator trend analysis is more than just analyzing WD 40 Company current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WD 40 Company is a good investment. Please check the relationship between WD 40 Net Income and its Tax Provision accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WD 40 Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Net Income vs Tax Provision

JavaScript chart by amCharts 3.21.152016201820202022202445M50M55M60M65M70M75M80M 10M11M12M13M14M15M16M17M18M19M20M21M22M23M24M25M
JavaScript chart by amCharts 3.21.15Net Incometotal: 769.6MTax Provisiontotal: 229.2M

Net Income vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of WD 40 Company Net Income account and Tax Provision. At this time, the significance of the direction appears to have almost no relationship.
Net IncomeTax ProvisionDiversified AwayNet IncomeTax ProvisionDiversified Away100%
The correlation between WD 40's Net Income and Tax Provision is 0.11. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Tax Provision in the same time period over historical financial statements of WD 40 Company, assuming nothing else is changed. The correlation between historical values of WD 40's Net Income and Tax Provision 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 WD 40 Company are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Net Income i.e., WD 40's Net Income and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.11
Relationship DirectionPositive 
Relationship StrengthInsignificant

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in WD 40 Company financial statement analysis. It represents the amount of money remaining after all of WD 40 Company operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
Most indicators from WD 40's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WD 40 Company 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 WD 40 Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
At present, WD 40's Enterprise Value Over EBITDA is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 32.49, whereas Tax Provision is forecasted to decline to about 20.2 M.
 2022 2023 2024 2025 (projected)
Gross Profit274.2M315.2M362.5M380.6M
Total Revenue537.3M590.6M679.1M713.1M

WD 40 fundamental ratios Correlations

0.670.690.940.770.590.910.370.970.80.130.93-0.680.850.67-0.730.950.780.980.70.930.64-0.07-0.5-0.77-0.77
0.670.240.640.650.350.730.20.630.75-0.120.74-0.720.690.54-0.620.630.720.680.60.740.34-0.07-0.59-0.28-0.28
0.690.240.750.350.210.510.330.640.510.160.6-0.20.570.53-0.260.570.410.70.020.620.270.11-0.08-0.63-0.63
0.940.640.750.720.310.850.410.930.840.010.93-0.580.820.59-0.580.790.790.910.460.940.36-0.11-0.41-0.69-0.69
0.770.650.350.720.510.930.110.830.82-0.420.88-0.870.870.69-0.90.730.940.680.660.870.46-0.6-0.91-0.34-0.34
0.590.350.210.310.510.61-0.180.550.410.150.49-0.60.580.59-0.730.790.410.610.820.450.88-0.01-0.52-0.46-0.46
0.910.730.510.850.930.610.140.950.87-0.220.97-0.880.90.72-0.90.880.920.850.730.930.56-0.35-0.78-0.58-0.58
0.370.20.330.410.11-0.180.140.360.00.520.170.160.040.12-0.020.310.030.360.150.280.270.170.2-0.55-0.55
0.970.630.640.930.830.550.950.360.78-0.010.93-0.710.840.68-0.80.910.810.910.680.920.59-0.2-0.57-0.78-0.78
0.80.750.510.840.820.410.870.00.78-0.320.93-0.790.910.63-0.680.690.920.790.490.920.29-0.32-0.7-0.3-0.3
0.13-0.120.160.01-0.420.15-0.220.52-0.01-0.32-0.180.37-0.31-0.230.290.23-0.40.240.17-0.140.390.650.6-0.43-0.43
0.930.740.60.930.880.490.970.170.930.93-0.18-0.830.890.64-0.780.830.940.880.620.960.43-0.29-0.68-0.55-0.55
-0.68-0.72-0.2-0.58-0.87-0.6-0.880.16-0.71-0.790.37-0.83-0.75-0.560.85-0.69-0.89-0.62-0.7-0.75-0.430.450.880.210.21
0.850.690.570.820.870.580.90.040.840.91-0.310.89-0.750.81-0.780.790.860.820.580.920.5-0.28-0.74-0.44-0.44
0.670.540.530.590.690.590.720.120.680.63-0.230.64-0.560.81-0.750.670.580.630.470.670.63-0.27-0.62-0.48-0.48
-0.73-0.62-0.26-0.58-0.9-0.73-0.9-0.02-0.8-0.680.29-0.780.85-0.78-0.75-0.79-0.79-0.65-0.79-0.73-0.680.430.870.470.47
0.950.630.570.790.730.790.880.310.910.690.230.83-0.690.790.67-0.790.690.940.840.830.82-0.03-0.53-0.76-0.76
0.780.720.410.790.940.410.920.030.810.92-0.40.94-0.890.860.58-0.790.690.720.560.910.3-0.53-0.83-0.29-0.29
0.980.680.70.910.680.610.850.360.910.790.240.88-0.620.820.63-0.650.940.720.680.90.650.04-0.42-0.73-0.73
0.70.60.020.460.660.820.730.150.680.490.170.62-0.70.580.47-0.790.840.560.680.60.82-0.11-0.59-0.51-0.51
0.930.740.620.940.870.450.930.280.920.92-0.140.96-0.750.920.67-0.730.830.910.90.60.45-0.3-0.65-0.54-0.54
0.640.340.270.360.460.880.560.270.590.290.390.43-0.430.50.63-0.680.820.30.650.820.450.08-0.37-0.65-0.65
-0.07-0.070.11-0.11-0.6-0.01-0.350.17-0.2-0.320.65-0.290.45-0.28-0.270.43-0.03-0.530.04-0.11-0.30.080.68-0.25-0.25
-0.5-0.59-0.08-0.41-0.91-0.52-0.780.2-0.57-0.70.6-0.680.88-0.74-0.620.87-0.53-0.83-0.42-0.59-0.65-0.370.680.030.03
-0.77-0.28-0.63-0.69-0.34-0.46-0.58-0.55-0.78-0.3-0.43-0.550.21-0.44-0.480.47-0.76-0.29-0.73-0.51-0.54-0.65-0.250.031.0
-0.77-0.28-0.63-0.69-0.34-0.46-0.58-0.55-0.78-0.3-0.43-0.550.21-0.44-0.480.47-0.76-0.29-0.73-0.51-0.54-0.65-0.250.031.0
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WD 40 Account Relationship Matchups

WD 40 fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets430.2M434.3M438.0M449.0M516.4M542.2M
Other Current Liab45.7M32.1M35.8M45.0M51.7M54.3M
Total Current Liabilities85.9M110.8M88.8M103.5M119.0M125.0M
Total Stockholder Equity200.4M188.6M210.2M230.5M265.1M278.4M
Property Plant And Equipment Net79.0M73.5M74.6M74.6M85.8M90.1M
Net Debt36.8M114.5M80.4M56.1M64.6M67.8M
Retained Earnings430.7M456.1M477.5M499.9M574.9M603.7M
Cash86.0M37.8M48.1M46.7M53.7M36.6M
Non Current Assets Total189.0M184.7M189.4M193.6M222.6M233.8M
Non Currrent Assets Other6.0M9.7M13.5M14.8M17.0M17.9M
Cash And Short Term Investments86.0M37.8M48.1M46.7M53.7M44.1M
Net Receivables89.6M89.9M98.0M117.5M135.1M141.9M
Common Stock Shares Outstanding13.7M13.7M13.6M13.6M12.2M12.3M
Liabilities And Stockholders Equity430.2M434.3M438.0M449.0M516.4M542.2M
Inventory55.8M104.1M86.5M79.1M91.0M95.5M
Other Current Assets9.9M17.8M15.8M12.2M14.0M8.2M
Other Stockholder Equity(204.3M)(231.3M)(236.1M)(240.2M)(216.1M)(205.3M)
Total Liab229.8M245.7M227.8M218.5M251.3M263.9M
Property Plant And Equipment Gross79.0M73.5M74.6M121.1M139.3M146.2M
Total Current Assets241.2M249.6M248.5M255.4M293.8M308.4M
Accumulated Other Comprehensive Income(26.0M)(36.2M)(31.2M)(29.3M)(26.3M)(25.0M)
Non Current Liabilities Total143.9M134.9M138.9M115.0M132.3M138.9M
Accounts Payable33.5M32.9M30.8M36.0M41.4M43.4M
Short Long Term Debt Total122.8M152.3M128.5M102.8M118.3M71.8M
Short Term Debt2.7M40.9M12.9M11.0M12.6M23.4M
Intangible Assets7.2M5.6M4.7M6.2M5.6M5.3M
Other Liab22.6M21.9M21.7M23.4M26.9M28.2M
Other Assets12.4M6.9M10.4M14.7M16.9M17.7M
Long Term Debt114.9M107.1M109.7M86.0M98.9M72.5M
Good Will95.9M95.2M95.5M97.0M87.3M82.9M
Property Plant Equipment60.8M79.0M73.5M74.6M85.8M90.1M
Current Deferred Revenue3.7M5.0M4.6M4.3M3.9M3.7M
Net Tangible Assets55.9M97.3M87.9M110.0M126.5M64.1M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether WD 40 Company offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WD 40's 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 Wd 40 Company Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Wd 40 Company Stock:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WD 40 Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Is Household Products 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 WD 40. If investors know WDFC 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 WD 40 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
0.086
Dividend Share
3.58
Earnings Share
5.22
Revenue Per Share
44.545
Quarterly Revenue Growth
0.093
The market value of WD 40 Company is measured differently than its book value, which is the value of WDFC that is recorded on the company's balance sheet. Investors also form their own opinion of WD 40's value that differs from its market value or its book value, called intrinsic value, which is WD 40'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 WD 40's market value can be influenced by many factors that don't directly affect WD 40'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 WD 40's value and its price as these two are different measures arrived at by different means. Investors typically determine if WD 40 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WD 40'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.