Walmart Operating Income vs Income Tax Expense Analysis

WMT Stock

39.35 0.91 2.37%

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

To learn how to invest in Walmart Stock, please use our How to Invest in Walmart guide.

Operating Income vs Income Tax Expense

Operating Income vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Walmart Inc CDR Operating Income account and Income Tax Expense. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Walmart's Operating Income and Income Tax Expense is 0.57. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Walmart Inc CDR, assuming nothing else is changed. The correlation between historical values of Walmart's Operating Income and Income Tax Expense 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 Walmart Inc CDR are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Operating Income i.e., Walmart's Operating Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.57

Relationship Direction	Positive
Relationship Strength	Weak

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Operating Income

Operating Income is the amount of profit realized from Walmart Inc CDR 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 Walmart Inc CDR 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.

Income Tax Expense

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

To learn how to invest in Walmart Stock, please use our How to Invest in Walmart guide.As of the 25th of November 2024, Tax Provision is likely to grow to about 6.1 B. Also, Selling General Administrative is likely to grow to about 132.2 B

	2021	2022	2023	2024 (projected)
Interest Expense	2.0B	2.1B	2.7B	1.9B
Interest Income	158M	254M	546M	279.0M

Interest Expense Interest Income

Walmart fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross
Total Assets		-0.15	0.91	0.94	0.9	0.84	-0.08	-0.84	0.97	0.83	0.34	0.2	0.26	-0.94	-0.85	0.74	-0.97	-0.72	-0.9	-0.93	0.7	0.46	-0.12	0.95	-0.79	0.42
Other Current Liab	-0.15		-0.21	-0.33	-0.01	-0.37	-0.2	0.3	-0.14	-0.61	0.34	-0.17	0.13	0.08	0.57	-0.68	0.32	0.42	0.47	0.19	-0.71	0.67	-0.28	0.07	0.36	-0.36
Total Current Liabilities	0.91	-0.21		0.89	0.87	0.93	-0.33	-0.92	0.81	0.89	0.43	-0.13	0.52	-0.97	-0.9	0.84	-0.9	-0.66	-0.9	-0.94	0.83	0.52	0.12	0.83	-0.64	0.38
Total Stockholder Equity	0.94	-0.33	0.89		0.88	0.95	-0.2	-0.92	0.94	0.91	0.46	0.04	0.38	-0.94	-0.88	0.85	-0.9	-0.73	-0.9	-0.91	0.79	0.39	0.13	0.79	-0.66	0.46
Other Liab	0.9	-0.01	0.87	0.88		0.85	-0.09	-0.74	0.9	0.75	0.4	0.08	0.3	-0.91	-0.68	0.7	-0.79	-0.82	-0.7	-0.76	0.58	0.59	-0.18	0.85	-0.47	0.64
Net Tangible Assets	0.84	-0.37	0.93	0.95	0.85		-0.37	-0.95	0.81	0.93	0.53	-0.21	0.55	-0.93	-0.88	0.91	-0.81	-0.71	-0.85	-0.86	0.85	0.43	0.3	0.66	-0.49	0.48
Property Plant And Equipment Net	-0.08	-0.2	-0.33	-0.2	-0.09	-0.37		0.53	0.01	-0.14	-0.86	0.93	-0.97	0.38	0.17	-0.12	0.02	-0.36	0.16	0.37	-0.19	-0.62	-0.83	0.04	-0.2	0.48
Net Debt	-0.84	0.3	-0.92	-0.92	-0.74	-0.95	0.53		-0.76	-0.88	-0.62	0.3	-0.68	0.94	0.89	-0.83	0.82	0.49	0.9	0.95	-0.84	-0.49	-0.43	-0.67	0.57	-0.19
Retained Earnings	0.97	-0.14	0.81	0.94	0.9	0.81	0.01	-0.76		0.77	0.34	0.28	0.16	-0.88	-0.75	0.68	-0.9	-0.75	-0.82	-0.84	0.6	0.42	-0.16	0.89	-0.71	0.49
Accounts Payable	0.83	-0.61	0.89	0.91	0.75	0.93	-0.14	-0.88	0.77		0.21	0.02	0.32	-0.83	-0.97	0.99	-0.88	-0.78	-0.93	-0.83	0.97	0.13	0.19	0.66	-0.67	0.54
Cash	0.34	0.34	0.43	0.46	0.4	0.53	-0.86	-0.62	0.34	0.21		-0.72	0.88	-0.59	-0.2	0.17	-0.18	0.1	-0.25	-0.5	0.14	0.8	0.61	0.21	0.12	-0.24
Non Current Assets Total	0.2	-0.17	-0.13	0.04	0.08	-0.21	0.93	0.3	0.28	0.02	-0.72		-0.89	0.14	-0.03	-0.02	-0.25	-0.41	-0.1	0.08	-0.06	-0.46	-0.82	0.31	-0.48	0.41
Non Currrent Assets Other	0.26	0.13	0.52	0.38	0.3	0.55	-0.97	-0.68	0.16	0.32	0.88	-0.89		-0.56	-0.34	0.31	-0.2	0.15	-0.32	-0.52	0.35	0.68	0.77	0.13	0.09	-0.3
Other Assets	-0.94	0.08	-0.97	-0.94	-0.91	-0.93	0.38	0.94	-0.88	-0.83	-0.59	0.14	-0.56		0.83	-0.76	0.87	0.62	0.85	0.95	-0.72	-0.64	-0.13	-0.85	0.59	-0.34
Long Term Debt	-0.85	0.57	-0.9	-0.88	-0.68	-0.88	0.17	0.89	-0.75	-0.97	-0.2	-0.03	-0.34	0.83		-0.94	0.92	0.66	0.98	0.9	-0.97	-0.14	-0.2	-0.7	0.78	-0.36
Net Receivables	0.74	-0.68	0.84	0.85	0.7	0.91	-0.12	-0.83	0.68	0.99	0.17	-0.02	0.31	-0.76	-0.94		-0.79	-0.78	-0.86	-0.74	0.97	0.04	0.23	0.55	-0.57	0.58
Good Will	-0.97	0.32	-0.9	-0.9	-0.79	-0.81	0.02	0.82	-0.9	-0.88	-0.18	-0.25	-0.2	0.87	0.92	-0.79		0.69	0.96	0.93	-0.81	-0.29	0.09	-0.91	0.89	-0.37
Common Stock Shares Outstanding	-0.72	0.42	-0.66	-0.73	-0.82	-0.71	-0.36	0.49	-0.75	-0.78	0.1	-0.41	0.15	0.62	0.66	-0.78	0.69		0.61	0.49	-0.64	-0.04	0.36	-0.64	0.47	-0.93
Non Current Liabilities Total	-0.9	0.47	-0.9	-0.9	-0.7	-0.85	0.16	0.9	-0.82	-0.93	-0.25	-0.1	-0.32	0.85	0.98	-0.86	0.96	0.61		0.94	-0.9	-0.21	-0.15	-0.78	0.86	-0.28
Capital Lease Obligations	-0.93	0.19	-0.94	-0.91	-0.76	-0.86	0.37	0.95	-0.84	-0.83	-0.5	0.08	-0.52	0.95	0.9	-0.74	0.93	0.49	0.94		-0.78	-0.51	-0.2	-0.84	0.77	-0.14
Inventory	0.7	-0.71	0.83	0.79	0.58	0.85	-0.19	-0.84	0.6	0.97	0.14	-0.06	0.35	-0.72	-0.97	0.97	-0.81	-0.64	-0.9	-0.78		0.0	0.31	0.52	-0.65	0.4
Other Current Assets	0.46	0.67	0.52	0.39	0.59	0.43	-0.62	-0.49	0.42	0.13	0.8	-0.46	0.68	-0.64	-0.14	0.04	-0.29	-0.04	-0.21	-0.51	0.0		0.1	0.52	0.0	-0.1
Other Stockholder Equity	-0.12	-0.28	0.12	0.13	-0.18	0.3	-0.83	-0.43	-0.16	0.19	0.61	-0.82	0.77	-0.13	-0.2	0.23	0.09	0.36	-0.15	-0.2	0.31	0.1		-0.35	0.21	-0.43
Total Liab	0.95	0.07	0.83	0.79	0.85	0.66	0.04	-0.67	0.89	0.66	0.21	0.31	0.13	-0.85	-0.7	0.55	-0.91	-0.64	-0.78	-0.84	0.52	0.52	-0.35		-0.79	0.36
Net Invested Capital	-0.79	0.36	-0.64	-0.66	-0.47	-0.49	-0.2	0.57	-0.71	-0.67	0.12	-0.48	0.09	0.59	0.78	-0.57	0.89	0.47	0.86	0.77	-0.65	0.0	0.21	-0.79		-0.14
Property Plant And Equipment Gross	0.42	-0.36	0.38	0.46	0.64	0.48	0.48	-0.19	0.49	0.54	-0.24	0.41	-0.3	-0.34	-0.36	0.58	-0.37	-0.93	-0.28	-0.14	0.4	-0.1	-0.43	0.36	-0.14

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Walmart Account Relationship Matchups

Pair Trading with Walmart

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Walmart position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Walmart will appreciate offsetting losses from the drop in the long position's value.

Moving together with Walmart Stock

0.71

DRT

DIRTT Environmental

Pair Corr

Moving against Walmart Stock

0.62	PKI	Parkland Fuel	Pair Corr
0.54	GUD	Knight Therapeutics	Pair Corr

The ability to find closely correlated positions to Walmart could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Walmart when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Walmart - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Walmart Inc CDR to buy it.

The correlation of Walmart is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Walmart moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Walmart Inc CDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Walmart can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Walmart Stock

Balance Sheet is a snapshot of the financial position of Walmart Inc CDR at a specified time, usually calculated after every quarter, six months, or one year. Walmart Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Walmart and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Walmart currently owns. An asset can also be divided into two categories, current and non-current.

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