Wesfarmers Income Before Tax vs Minority Interest Analysis

WES Stock

72.06 0.43 0.60%

Wesfarmers financial indicator trend analysis is more than just analyzing Wesfarmers current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wesfarmers is a good investment. Please check the relationship between Wesfarmers Income Before Tax and its Minority Interest accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wesfarmers. 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.

Income Before Tax vs Minority Interest

Income Before Tax vs Minority Interest Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wesfarmers Income Before Tax account and Minority Interest. At this time, the significance of the direction appears to have pay attention.

The correlation between Wesfarmers' Income Before Tax and Minority Interest is -0.71. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Wesfarmers, assuming nothing else is changed. The correlation between historical values of Wesfarmers' Income Before Tax and Minority Interest 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 Wesfarmers are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Income Before Tax i.e., Wesfarmers' Income Before Tax and Minority Interest go up and down completely randomly.

Correlation Coefficient

-0.71

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Wesfarmers income statement and is an important metric when analyzing Wesfarmers 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.

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Wesfarmers whose combined shares represent less than 50% of the total outstanding shares issued by Wesfarmers have a minority interest in Wesfarmers.

Most indicators from Wesfarmers' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wesfarmers 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 Wesfarmers. 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.

Selling General Administrative is likely to drop to about 7.5 B in 2024. Discontinued Operations is likely to drop to about 81.9 M in 2024

	2021	2022	2023	2024 (projected)
Interest Expense	313M	354M	402M	250.2M
Depreciation And Amortization	1.6B	1.7B	1.8B	1.9B

Interest Expense Depreciation And Amortization

Wesfarmers fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt
Total Assets		0.09	0.91	0.95	0.91	0.62	-0.51	0.05	0.36	0.92	0.2	0.99	0.05	0.37	0.54	0.88	0.96	0.72	0.07	0.79	0.63	0.01	0.71	0.07	0.89	0.39
Short Long Term Debt Total	0.09		-0.21	0.27	-0.26	0.81	0.54	0.97	-0.48	0.23	0.28	0.02	-0.47	0.16	0.5	-0.29	0.06	0.42	0.97	0.38	-0.04	0.34	0.65	0.93	0.41	0.55
Other Current Liab	0.91	-0.21		0.81	0.96	0.34	-0.7	-0.19	0.57	0.8	-0.1	0.93	0.26	0.11	0.31	0.96	0.86	0.49	-0.25	0.63	0.72	-0.07	0.42	-0.2	0.66	0.23
Total Current Liabilities	0.95	0.27	0.81		0.76	0.7	-0.41	0.24	0.13	0.96	0.18	0.91	-0.15	0.31	0.64	0.72	0.94	0.82	0.23	0.9	0.59	0.08	0.85	0.22	0.95	0.58
Total Stockholder Equity	0.91	-0.26	0.96	0.76		0.34	-0.66	-0.29	0.61	0.74	0.07	0.94	0.32	0.29	0.28	0.99	0.86	0.46	-0.27	0.55	0.62	-0.08	0.36	-0.23	0.65	0.13
Property Plant And Equipment Net	0.62	0.81	0.34	0.7	0.34		0.17	0.75	-0.08	0.65	0.38	0.58	-0.26	0.38	0.63	0.29	0.57	0.68	0.78	0.67	0.27	0.24	0.84	0.77	0.77	0.57
Current Deferred Revenue	-0.51	0.54	-0.7	-0.41	-0.66	0.17		0.53	-0.37	-0.44	0.13	-0.53	-0.02	0.17	0.3	-0.65	-0.48	-0.15	0.66	-0.31	-0.79	0.25	-0.02	0.61	-0.2	-0.21
Net Debt	0.05	0.97	-0.19	0.24	-0.29	0.75	0.53		-0.46	0.22	0.04	-0.02	-0.41	-0.05	0.52	-0.29	0.01	0.36	0.93	0.38	0.01	0.44	0.6	0.94	0.35	0.51
Retained Earnings	0.36	-0.48	0.57	0.13	0.61	-0.08	-0.37	-0.46		0.14	-0.18	0.42	0.8	0.02	-0.09	0.65	0.33	-0.05	-0.47	-0.05	0.25	-0.33	-0.24	-0.41	0.02	-0.36
Accounts Payable	0.92	0.23	0.8	0.96	0.74	0.65	-0.44	0.22	0.14		0.09	0.88	-0.16	0.15	0.59	0.7	0.94	0.84	0.18	0.95	0.61	0.1	0.82	0.21	0.91	0.46
Cash	0.2	0.28	-0.1	0.18	0.07	0.38	0.13	0.04	-0.18	0.09		0.17	-0.35	0.85	0.02	-0.05	0.23	0.37	0.3	0.05	-0.18	-0.36	0.33	0.11	0.33	0.27
Non Current Assets Total	0.99	0.02	0.93	0.91	0.94	0.58	-0.53	-0.02	0.42	0.88	0.17		0.12	0.37	0.5	0.92	0.94	0.65	0.01	0.73	0.63	-0.01	0.64	0.01	0.84	0.33
Non Currrent Assets Other	0.05	-0.47	0.26	-0.15	0.32	-0.26	-0.02	-0.41	0.8	-0.16	-0.35	0.12		-0.03	0.04	0.39	0.03	-0.28	-0.39	-0.3	-0.11	0.04	-0.44	-0.27	-0.19	-0.58
Cash And Short Term Investments	0.37	0.16	0.11	0.31	0.29	0.38	0.17	-0.05	0.02	0.15	0.85	0.37	-0.03		0.32	0.21	0.36	0.35	0.27	0.04	-0.24	-0.31	0.35	0.04	0.45	0.15
Net Receivables	0.54	0.5	0.31	0.64	0.28	0.63	0.3	0.52	-0.09	0.59	0.02	0.5	0.04	0.32		0.28	0.54	0.61	0.6	0.61	-0.02	0.34	0.75	0.53	0.75	0.27
Good Will	0.88	-0.29	0.96	0.72	0.99	0.29	-0.65	-0.29	0.65	0.7	-0.05	0.92	0.39	0.21	0.28		0.8	0.35	-0.3	0.49	0.61	-0.03	0.3	-0.24	0.58	0.09
Common Stock Total Equity	0.96	0.06	0.86	0.94	0.86	0.57	-0.48	0.01	0.33	0.94	0.23	0.94	0.03	0.36	0.54	0.8		0.84	0.05	0.84	0.58	-0.07	0.71	0.04	0.91	0.35
Common Stock Shares Outstanding	0.72	0.42	0.49	0.82	0.46	0.68	-0.15	0.36	-0.05	0.84	0.37	0.65	-0.28	0.35	0.61	0.35	0.84		0.39	0.89	0.37	-0.04	0.85	0.35	0.91	0.49
Non Current Liabilities Total	0.07	0.97	-0.25	0.23	-0.27	0.78	0.66	0.93	-0.47	0.18	0.3	0.01	-0.39	0.27	0.6	-0.3	0.05	0.39		0.31	-0.19	0.32	0.64	0.91	0.41	0.41
Inventory	0.79	0.38	0.63	0.9	0.55	0.67	-0.31	0.38	-0.05	0.95	0.05	0.73	-0.3	0.04	0.61	0.49	0.84	0.89	0.31		0.57	0.21	0.86	0.37	0.89	0.52
Other Current Assets	0.63	-0.04	0.72	0.59	0.62	0.27	-0.79	0.01	0.25	0.61	-0.18	0.63	-0.11	-0.24	-0.02	0.61	0.58	0.37	-0.19	0.57		0.03	0.37	-0.1	0.44	0.49
Other Stockholder Equity	0.01	0.34	-0.07	0.08	-0.08	0.24	0.25	0.44	-0.33	0.1	-0.36	-0.01	0.04	-0.31	0.34	-0.03	-0.07	-0.04	0.32	0.21	0.03		0.16	0.6	0.11	0.13
Total Liab	0.71	0.65	0.42	0.85	0.36	0.84	-0.02	0.6	-0.24	0.82	0.33	0.64	-0.44	0.35	0.75	0.3	0.71	0.85	0.64	0.86	0.37	0.16		0.55	0.92	0.67
Property Plant And Equipment Gross	0.07	0.93	-0.2	0.22	-0.23	0.77	0.61	0.94	-0.41	0.21	0.11	0.01	-0.27	0.04	0.53	-0.24	0.04	0.35	0.91	0.37	-0.1	0.6	0.55		0.36	0.39
Total Current Assets	0.89	0.41	0.66	0.95	0.65	0.77	-0.2	0.35	0.02	0.91	0.33	0.84	-0.19	0.45	0.75	0.58	0.91	0.91	0.41	0.89	0.44	0.11	0.92	0.36		0.53
Short Term Debt	0.39	0.55	0.23	0.58	0.13	0.57	-0.21	0.51	-0.36	0.46	0.27	0.33	-0.58	0.15	0.27	0.09	0.35	0.49	0.41	0.52	0.49	0.13	0.67	0.39	0.53

Click cells to compare fundamentals

Wesfarmers Account Relationship Matchups

Wesfarmers fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	26.0B	26.9B	28.0B	27.1B	27.3B	20.3B
Short Long Term Debt Total	9.9B	10.1B	12.1B	11.2B	11.3B	11.8B
Other Current Liab	1.3B	1.1B	1.5B	1.5B	1.6B	1.6B
Total Current Liabilities	7.3B	7.9B	8.9B	7.9B	8.2B	5.3B
Total Stockholder Equity	9.3B	9.7B	8.0B	8.3B	8.6B	10.7B
Property Plant And Equipment Net	10.6B	10.4B	10.8B	11.0B	11.2B	11.7B
Current Deferred Revenue	392M	349M	6M	1.1B	1.3B	1.4B
Net Debt	7.0B	7.1B	11.4B	10.5B	10.4B	11.0B
Retained Earnings	(245M)	(5.8B)	(5.4B)	(5.0B)	1.2B	1.2B
Accounts Payable	4.0B	4.2B	5.4B	5.3B	5.4B	3.0B
Cash	2.9B	3.0B	705M	673M	835M	718.5M
Non Current Assets Total	18.0B	17.8B	18.4B	18.0B	17.9B	14.4B
Non Currrent Assets Other	(3.0B)	(2.9B)	(3.3B)	(3.3B)	93M	97.7M
Cash And Short Term Investments	2.9B	3.0B	705M	673M	835M	947.3M
Net Receivables	1.0B	1.2B	2.1B	1.8B	2.2B	1.2B
Good Will	3.0B	3.0B	3.3B	3.4B	3.6B	6.1B
Liabilities And Stockholders Equity	26.0B	26.9B	28.0B	27.1B	27.3B	20.4B
Non Current Liabilities Total	9.4B	9.3B	11.2B	11.0B	10.5B	11.0B
Inventory	3.8B	4.5B	6.1B	6.0B	6.1B	3.1B
Other Current Assets	270M	324M	716M	613M	267M	253.7M
Other Stockholder Equity	301M	(5.6B)	(15.6B)	5.9B	5.3B	5.5B
Total Liab	16.7B	17.2B	20.1B	18.9B	18.7B	9.6B
Property Plant And Equipment Gross	9.8B	17.6B	19.2B	20.9B	22.5B	23.6B
Total Current Assets	8.1B	9.1B	9.6B	9.2B	9.4B	5.7B
Accumulated Other Comprehensive Income	(6.2B)	(311M)	(218M)	(251M)	(6.2B)	(5.9B)
Short Term Debt	1.5B	1.9B	2.1B	1.1B	1.2B	847.2M
Intangible Assets	3.8B	3.9B	4.7B	4.7B	1.5B	2.6B
Common Stock	15.8B	15.8B	15.8B	13.6B	15.6B	10.8B
Other Liab	435M	376M	404M	374M	430.1M	408.6M
Other Assets	1.1B	920M	621M	701M	2.3B	2.4B
Long Term Debt	2.2B	2.1B	4.0B	4.4B	4.8B	3.6B
Property Plant Equipment	10.6B	10.4B	10.8B	11.0B	12.7B	7.3B
Net Tangible Assets	5.5B	5.8B	3.3B	3.6B	3.2B	4.0B
Long Term Investments	1.8B	1.9B	1.6B	958M	938M	1.4B
Short Long Term Debt	356M	503M	950M	988M	889.2M	1.2B
Long Term Debt Total	8.4B	8.2B	10.0B	10.0B	11.5B	6.9B
Treasury Stock	(43M)	(81M)	(89M)	(102M)	(91.8M)	(87.2M)

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 Wesfarmers Stock Analysis

When running Wesfarmers' price analysis, check to measure Wesfarmers' 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 Wesfarmers is operating at the current time. Most of Wesfarmers' value examination focuses on studying past and present price action to predict the probability of Wesfarmers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wesfarmers' price. Additionally, you may evaluate how the addition of Wesfarmers 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