Worley Income Before Tax vs Cost Of Revenue Analysis

WOR Stock

13.87 0.12 0.87%

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

Income Before Tax vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Worley Income Before Tax account and Cost Of Revenue. At this time, the significance of the direction appears to have weak relationship.

The correlation between Worley's Income Before Tax and Cost Of Revenue is 0.38. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Worley, assuming nothing else is changed. The correlation between historical values of Worley's Income Before Tax and Cost Of Revenue 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 Worley are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Income Before Tax i.e., Worley's Income Before Tax and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

0.38

Relationship Direction	Positive
Relationship Strength	Very Weak

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Income Before Tax

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

Cost Of Revenue

Cost of Revenue is found on Worley income statement and represents the costs associated with goods and services Worley provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Most indicators from Worley's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Worley 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 Worley. 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 gain to about 211.9 M in 2024. Tax Provision is likely to gain to about 196.3 M in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	619M	722M	902M	721.4M
Total Revenue	9.7B	11.3B	11.8B	6.3B

Gross Profit Total Revenue

Worley fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Cash	Other Assets	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Accounts Payable	Good Will	Inventory	Other Current Assets	Short Long Term Debt Total	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments
Total Assets		0.56	0.85	0.99	0.93	0.01	0.94	0.71	0.85	0.78	0.89	0.88	0.64	0.97	0.93	0.5	0.99	0.27	-0.1	0.91	0.94	0.85	0.9	0.98	-0.57	0.86
Other Current Liab	0.56		0.53	0.51	0.42	0.16	0.73	0.11	0.4	0.64	0.46	0.5	0.34	0.48	0.6	-0.23	0.51	-0.13	-0.25	0.44	0.58	0.25	0.38	0.51	-0.32	0.63
Total Current Liabilities	0.85	0.53		0.82	0.76	0.29	0.81	0.86	0.89	0.92	0.84	0.98	0.63	0.76	0.71	0.53	0.8	0.38	0.11	0.94	0.74	0.66	0.92	0.8	-0.58	0.95
Total Stockholder Equity	0.99	0.51	0.82		0.92	-0.06	0.9	0.68	0.83	0.73	0.91	0.86	0.68	0.99	0.95	0.48	1.0	0.24	-0.19	0.9	0.96	0.89	0.89	1.0	-0.6	0.83
Other Liab	0.93	0.42	0.76	0.92		-0.16	0.84	0.71	0.76	0.63	0.81	0.8	0.56	0.92	0.89	0.52	0.93	0.48	0.02	0.85	0.89	0.87	0.86	0.93	-0.49	0.74
Retained Earnings	0.01	0.16	0.29	-0.06	-0.16		0.13	0.35	0.07	0.35	-0.16	0.18	-0.17	-0.18	-0.24	0.31	-0.11	0.21	0.48	0.05	-0.22	-0.19	0.01	-0.12	0.16	0.18
Cash	0.94	0.73	0.81	0.9	0.84	0.13		0.61	0.78	0.76	0.79	0.82	0.51	0.88	0.86	0.36	0.9	0.17	-0.05	0.82	0.85	0.72	0.78	0.89	-0.45	0.88
Other Assets	0.71	0.11	0.86	0.68	0.71	0.35	0.61		0.78	0.68	0.67	0.85	0.49	0.62	0.51	0.77	0.67	0.66	0.37	0.84	0.54	0.64	0.85	0.66	-0.45	0.74
Long Term Debt	0.85	0.4	0.89	0.83	0.76	0.07	0.78	0.78		0.85	0.86	0.96	0.6	0.8	0.69	0.61	0.83	0.25	0.09	0.95	0.71	0.66	0.94	0.81	-0.55	0.9
Net Receivables	0.78	0.64	0.92	0.73	0.63	0.35	0.76	0.68	0.85		0.74	0.91	0.48	0.66	0.63	0.43	0.71	0.21	0.01	0.83	0.65	0.52	0.79	0.7	-0.43	0.88
Common Stock Shares Outstanding	0.89	0.46	0.84	0.91	0.81	-0.16	0.79	0.67	0.86	0.74		0.89	0.82	0.91	0.89	0.31	0.91	0.22	-0.31	0.94	0.91	0.84	0.93	0.92	-0.77	0.87
Total Liab	0.88	0.5	0.98	0.86	0.8	0.18	0.82	0.85	0.96	0.91	0.89		0.65	0.81	0.74	0.56	0.84	0.35	0.07	0.98	0.77	0.69	0.96	0.84	-0.61	0.95
Intangible Assets	0.64	0.34	0.63	0.68	0.56	-0.17	0.51	0.49	0.6	0.48	0.82	0.65		0.68	0.68	0.06	0.68	0.22	-0.4	0.74	0.74	0.64	0.76	0.71	-0.99	0.63
Common Stock	0.97	0.48	0.76	0.99	0.92	-0.18	0.88	0.62	0.8	0.66	0.91	0.81	0.68		0.97	0.42	1.0	0.21	-0.25	0.87	0.97	0.9	0.87	1.0	-0.61	0.79
Property Plant Equipment	0.93	0.6	0.71	0.95	0.89	-0.24	0.86	0.51	0.69	0.63	0.89	0.74	0.68	0.97		0.22	0.95	0.19	-0.37	0.8	1.0	0.87	0.8	0.97	-0.61	0.74
Accounts Payable	0.5	-0.23	0.53	0.48	0.52	0.31	0.36	0.77	0.61	0.43	0.31	0.56	0.06	0.42	0.22		0.46	0.44	0.58	0.53	0.24	0.42	0.55	0.42	0.0	0.39
Good Will	0.99	0.51	0.8	1.0	0.93	-0.11	0.9	0.67	0.83	0.71	0.91	0.84	0.68	1.0	0.95	0.46		0.25	-0.18	0.9	0.96	0.89	0.89	1.0	-0.6	0.82
Inventory	0.27	-0.13	0.38	0.24	0.48	0.21	0.17	0.66	0.25	0.21	0.22	0.35	0.22	0.21	0.19	0.44	0.25		0.39	0.39	0.22	0.36	0.43	0.25	-0.21	0.21
Other Current Assets	-0.1	-0.25	0.11	-0.19	0.02	0.48	-0.05	0.37	0.09	0.01	-0.31	0.07	-0.4	-0.25	-0.37	0.58	-0.18	0.39		0.0	-0.37	-0.25	0.01	-0.23	0.38	-0.02
Short Long Term Debt Total	0.91	0.44	0.94	0.9	0.85	0.05	0.82	0.84	0.95	0.83	0.94	0.98	0.74	0.87	0.8	0.53	0.9	0.39	0.0		0.83	0.77	1.0	0.89	-0.7	0.92
Property Plant And Equipment Net	0.94	0.58	0.74	0.96	0.89	-0.22	0.85	0.54	0.71	0.65	0.91	0.77	0.74	0.97	1.0	0.24	0.96	0.22	-0.37	0.83		0.88	0.83	0.97	-0.67	0.76
Current Deferred Revenue	0.85	0.25	0.66	0.89	0.87	-0.19	0.72	0.64	0.66	0.52	0.84	0.69	0.64	0.9	0.87	0.42	0.89	0.36	-0.25	0.77	0.88		0.78	0.9	-0.57	0.64
Net Debt	0.9	0.38	0.92	0.89	0.86	0.01	0.78	0.85	0.94	0.79	0.93	0.96	0.76	0.87	0.8	0.55	0.89	0.43	0.01	1.0	0.83	0.78		0.89	-0.71	0.88
Non Current Assets Total	0.98	0.51	0.8	1.0	0.93	-0.12	0.89	0.66	0.81	0.7	0.92	0.84	0.71	1.0	0.97	0.42	1.0	0.25	-0.23	0.89	0.97	0.9	0.89		-0.64	0.81
Non Currrent Assets Other	-0.57	-0.32	-0.58	-0.6	-0.49	0.16	-0.45	-0.45	-0.55	-0.43	-0.77	-0.61	-0.99	-0.61	-0.61	0.0	-0.6	-0.21	0.38	-0.7	-0.67	-0.57	-0.71	-0.64		-0.58
Cash And Short Term Investments	0.86	0.63	0.95	0.83	0.74	0.18	0.88	0.74	0.9	0.88	0.87	0.95	0.63	0.79	0.74	0.39	0.82	0.21	-0.02	0.92	0.76	0.64	0.88	0.81	-0.58

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Worley Account Relationship Matchups

Worley fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.1B	10.2B	10.4B	10.5B	10.5B	11.0B
Other Current Liab	1.4B	1.2B	1.2B	1.3B	1.5B	1.6B
Total Current Liabilities	3.1B	2.5B	2.8B	2.4B	2.7B	1.5B
Total Stockholder Equity	5.9B	5.5B	5.7B	5.6B	5.5B	5.8B
Other Liab	425M	292M	315M	334M	384.1M	403.3M
Retained Earnings	922M	730M	640M	415M	455M	618.9M
Cash	490M	526M	519M	436M	554M	581.7M
Other Assets	558M	442M	388M	337M	387.6M	229.4M
Long Term Debt	1.4B	1.6B	1.7B	2.0B	1.8B	893.0M
Net Receivables	2.6B	1.9B	2.1B	2.5B	2.6B	1.4B
Common Stock Shares Outstanding	523.6M	526.4M	527.1M	529.6M	532.2M	328.7M
Total Liab	5.1B	4.6B	4.7B	4.9B	5.0B	2.6B
Intangible Assets	6.4B	6.1B	6.2B	6.1B	527M	500.7M
Common Stock	5.3B	5.3B	5.3B	5.4B	5.4B	5.6B
Property Plant Equipment	783M	618M	617M	633M	728.0M	764.3M
Accounts Payable	683M	639M	627M	684M	647M	616.8M
Good Will	5.4B	5.2B	5.4B	5.4B	5.3B	5.6B
Inventory	223M	26M	35M	47M	46M	49.8M
Other Current Assets	159M	104M	102M	164M	171M	199.1M
Short Long Term Debt Total	2.3B	2.1B	2.2B	2.2B	2.1B	1.2B
Property Plant And Equipment Net	783M	618M	617M	633M	640M	672M
Current Deferred Revenue	419M	322M	369M	275M	332M	348.6M
Net Debt	1.8B	1.5B	1.7B	1.8B	1.5B	893.3M
Non Current Assets Total	7.9B	7.3B	7.3B	7.4B	7.1B	7.5B
Non Currrent Assets Other	(5.4B)	(5.2B)	(5.3B)	(5.4B)	99M	104.0M
Cash And Short Term Investments	490M	526M	519M	436M	554M	304.1M
Liabilities And Stockholders Equity	11.1B	10.2B	10.4B	10.5B	10.5B	5.8B
Non Current Liabilities Total	2.0B	2.1B	1.9B	2.5B	2.2B	1.2B
Property Plant And Equipment Gross	783M	1.6B	617M	1.8B	1.9B	2.0B
Total Current Assets	3.2B	2.9B	3.0B	3.1B	3.3B	2.2B
Accumulated Other Comprehensive Income	(342M)	(505M)	(302M)	(159M)	(316M)	(300.2M)
Short Term Debt	626M	246M	564M	90M	132M	139.3M
Other Stockholder Equity	(6.2B)	(6.1B)	(6.0B)	(5.8B)	(316M)	(331.8M)
Net Tangible Assets	(521M)	(493M)	(476M)	(461M)	(414.9M)	(435.6M)
Long Term Investments	173.1M	198M	172M	189M	217.4M	147.8M
Short Long Term Debt	473M	134M	474M	0.0	38M	36.1M
Long Term Debt Total	1.7B	1.8B	1.6B	2.2B	2.5B	1.6B
Capital Lease Obligations	435M	311M	267M	261M	259M	187.7M

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