Wheaton Total Revenue vs Income Before Tax Analysis

WPM Stock

4,875 85.00 1.71%

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

Total Revenue vs Income Before Tax

Total Revenue vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wheaton Precious Metals Total Revenue account and Income Before Tax. At this time, the significance of the direction appears to have strong relationship.

The correlation between Wheaton Precious' Total Revenue and Income Before Tax is 0.61. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Wheaton Precious Metals, assuming nothing else is changed. The correlation between historical values of Wheaton Precious' Total Revenue and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Wheaton Precious Metals are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Total Revenue i.e., Wheaton Precious' Total Revenue and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.61

Relationship Direction	Positive
Relationship Strength	Significant

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Total Revenue

Total revenue comprises all receipts Wheaton Precious Metals generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Income Before Tax

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

Most indicators from Wheaton Precious' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wheaton Precious Metals 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 Wheaton Precious Metals. 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 economic analysis.

The current year's Selling General Administrative is expected to grow to about 48.5 M. The current year's Tax Provision is expected to grow to about 1.5 M

	2021	2022	2023	2024 (projected)
Gross Profit	658.9M	565.5M	573.4M	403.2M
Total Revenue	1.2B	1.1B	1.0B	753.8M

Gross Profit Total Revenue

Wheaton Precious fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	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	Total Liab	Total Current Assets	Intangible Assets	Short Long Term Debt Total	Other Current Liab	Short Term Debt	Retained Earnings	Other Current Assets	Other Stockholder Equity	Other Assets	Common Stock	Current Deferred Revenue
Total Assets		-0.23	0.96	0.88	0.07	-0.34	0.23	0.99	0.58	0.23	0.53	0.78	0.15	0.25	0.13	0.25	0.64	0.19	0.12	-0.46	0.84	0.26	-0.34	0.82	0.93	0.84
Total Current Liabilities	-0.23		-0.21	-0.28	-0.24	0.93	0.12	-0.25	-0.14	0.12	0.2	0.11	-0.15	0.17	-0.08	0.12	0.17	-0.26	0.34	0.6	-0.27	0.08	0.94	0.06	-0.13	0.22
Total Stockholder Equity	0.96	-0.21		0.79	-0.19	-0.35	0.39	0.93	0.64	0.39	0.69	0.7	-0.12	0.24	-0.14	0.41	0.64	-0.08	0.18	-0.47	0.93	0.22	-0.34	0.86	0.92	0.78
Property Plant And Equipment Net	0.88	-0.28	0.79		0.33	-0.32	-0.05	0.91	0.23	-0.05	0.3	0.87	0.37	0.27	0.36	-0.03	0.37	0.41	-0.06	-0.5	0.59	0.21	-0.33	0.77	0.9	0.77
Net Debt	0.07	-0.24	-0.19	0.33		-0.11	-0.78	0.17	-0.26	-0.78	-0.67	0.15	0.96	0.04	0.95	-0.78	-0.13	0.96	-0.35	-0.14	-0.38	0.12	-0.15	-0.24	0.02	0.04
Accounts Payable	-0.34	0.93	-0.35	-0.32	-0.11		-0.01	-0.34	-0.18	-0.01	-0.01	0.05	-0.03	-0.14	0.04	-0.02	0.02	-0.14	0.02	0.62	-0.39	-0.16	0.97	-0.13	-0.25	0.14
Cash	0.23	0.12	0.39	-0.05	-0.78	-0.01		0.11	0.38	1.0	0.63	0.16	-0.6	-0.07	-0.59	1.0	0.38	-0.58	0.49	0.31	0.57	0.0	-0.06	0.32	0.14	0.25
Non Current Assets Total	0.99	-0.25	0.93	0.91	0.17	-0.34	0.11		0.55	0.11	0.46	0.77	0.23	0.26	0.21	0.13	0.61	0.27	0.06	-0.51	0.78	0.26	-0.34	0.79	0.93	0.82
Non Currrent Assets Other	0.58	-0.14	0.64	0.23	-0.26	-0.18	0.38	0.55		0.38	0.4	0.11	-0.21	-0.16	-0.23	0.38	0.75	-0.19	0.09	-0.12	0.72	0.02	-0.18	0.39	0.44	0.36
Cash And Short Term Investments	0.23	0.12	0.39	-0.05	-0.78	-0.01	1.0	0.11	0.38		0.63	0.16	-0.6	-0.07	-0.59	1.0	0.38	-0.58	0.49	0.31	0.57	0.0	-0.06	0.32	0.14	0.25
Net Receivables	0.53	0.2	0.69	0.3	-0.67	-0.01	0.63	0.46	0.4	0.63		0.41	-0.6	0.38	-0.59	0.66	0.54	-0.59	0.47	-0.19	0.77	0.3	0.01	0.75	0.5	0.56
Common Stock Shares Outstanding	0.78	0.11	0.7	0.87	0.15	0.05	0.16	0.77	0.11	0.16	0.41		0.27	0.25	0.28	0.18	0.42	0.27	0.11	-0.14	0.49	0.17	0.0	0.8	0.82	0.9
Non Current Liabilities Total	0.15	-0.15	-0.12	0.37	0.96	-0.03	-0.6	0.23	-0.21	-0.6	-0.6	0.27		0.01	1.0	-0.6	-0.02	0.99	-0.25	0.01	-0.31	0.14	-0.1	-0.18	0.06	0.18
Inventory	0.25	0.17	0.24	0.27	0.04	-0.14	-0.07	0.26	-0.16	-0.07	0.38	0.25	0.01		0.03	-0.03	0.19	0.02	0.7	-0.17	0.11	0.77	-0.02	0.47	0.33	0.19
Total Liab	0.13	-0.08	-0.14	0.36	0.95	0.04	-0.59	0.21	-0.23	-0.59	-0.59	0.28	1.0	0.03		-0.59	-0.01	0.98	-0.23	0.06	-0.33	0.14	-0.03	-0.18	0.05	0.2
Total Current Assets	0.25	0.12	0.41	-0.03	-0.78	-0.02	1.0	0.13	0.38	1.0	0.66	0.18	-0.6	-0.03	-0.59		0.39	-0.58	0.52	0.29	0.59	0.05	-0.06	0.35	0.15	0.27
Intangible Assets	0.64	0.17	0.64	0.37	-0.13	0.02	0.38	0.61	0.75	0.38	0.54	0.42	-0.02	0.19	-0.01	0.39		-0.02	0.45	0.03	0.65	0.41	0.01	0.56	0.49	0.64
Short Long Term Debt Total	0.19	-0.26	-0.08	0.41	0.96	-0.14	-0.58	0.27	-0.19	-0.58	-0.59	0.27	0.99	0.02	0.98	-0.58	-0.02		-0.24	-0.05	-0.26	0.15	-0.22	-0.16	0.08	0.16
Other Current Liab	0.12	0.34	0.18	-0.06	-0.35	0.02	0.49	0.06	0.09	0.49	0.47	0.11	-0.25	0.7	-0.23	0.52	0.45	-0.24		0.36	0.18	0.6	0.06	0.32	0.1	0.13
Short Term Debt	-0.46	0.6	-0.47	-0.5	-0.14	0.62	0.31	-0.51	-0.12	0.31	-0.19	-0.14	0.01	-0.17	0.06	0.29	0.03	-0.05	0.36		-0.44	-0.14	0.54	-0.34	-0.47	-0.17
Retained Earnings	0.84	-0.27	0.93	0.59	-0.38	-0.39	0.57	0.78	0.72	0.57	0.77	0.49	-0.31	0.11	-0.33	0.59	0.65	-0.26	0.18	-0.44		0.18	-0.4	0.75	0.71	0.64
Other Current Assets	0.26	0.08	0.22	0.21	0.12	-0.16	0.0	0.26	0.02	0.0	0.3	0.17	0.14	0.77	0.14	0.05	0.41	0.15	0.6	-0.14	0.18		-0.08	0.34	0.19	0.23
Other Stockholder Equity	-0.34	0.94	-0.34	-0.33	-0.15	0.97	-0.06	-0.34	-0.18	-0.06	0.01	0.0	-0.1	-0.02	-0.03	-0.06	0.01	-0.22	0.06	0.54	-0.4	-0.08		-0.09	-0.21	0.1
Other Assets	0.82	0.06	0.86	0.77	-0.24	-0.13	0.32	0.79	0.39	0.32	0.75	0.8	-0.18	0.47	-0.18	0.35	0.56	-0.16	0.32	-0.34	0.75	0.34	-0.09		0.88	0.78
Common Stock	0.93	-0.13	0.92	0.9	0.02	-0.25	0.14	0.93	0.44	0.14	0.5	0.82	0.06	0.33	0.05	0.15	0.49	0.08	0.1	-0.47	0.71	0.19	-0.21	0.88		0.78
Current Deferred Revenue	0.84	0.22	0.78	0.77	0.04	0.14	0.25	0.82	0.36	0.25	0.56	0.9	0.18	0.19	0.2	0.27	0.64	0.16	0.13	-0.17	0.64	0.23	0.1	0.78	0.78

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Wheaton Precious Account Relationship Matchups

Wheaton Precious fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.3B	6.0B	6.3B	6.8B	7.0B	7.4B
Total Current Liabilities	64.7M	31.2M	29.7M	30.7M	26.1M	40.0M
Total Stockholder Equity	5.3B	5.7B	6.3B	6.7B	7.0B	7.3B
Property Plant And Equipment Net	5.8B	5.5B	6.0B	5.8B	6.1B	3.5B
Net Debt	774.8M	6.0M	(223.2M)	(694.1M)	(540.3M)	(513.3M)
Accounts Payable	11.8M	13.0M	13.9M	12.6M	13.5M	13.8M
Cash	104.0M	192.7M	226.0M	696.1M	546.5M	573.9M
Non Current Assets Total	6.1B	5.8B	6.0B	6.0B	6.5B	6.8B
Non Currrent Assets Other	4.5M	5.0M	6.9M	18.1M	53.0M	75.5M
Cash And Short Term Investments	104.0M	192.7M	226.0M	696.1M	546.5M	573.9M
Net Receivables	7.7M	5.4M	11.2M	9.2M	9.3M	9.8M
Common Stock Shares Outstanding	446.9M	450.1M	451.2M	452.3M	453.5M	294.7M
Liabilities And Stockholders Equity	6.3B	6.0B	6.3B	6.8B	7.0B	7.4B
Non Current Liabilities Total	887.4M	211.5M	16.3M	11.5M	19.6M	18.6M
Inventory	41.5M	2.4M	8.7M	10.5M	1.4M	1.3M
Total Liab	952.1M	242.7M	46.0M	42.2M	45.7M	43.4M
Total Current Assets	154.8M	201.8M	249.7M	720.1M	567.4M	595.8M
Intangible Assets	4.9M	3.0M	2.7M	2.3M	6.4M	6.7M
Short Long Term Debt Total	878.8M	198.6M	2.9M	2.0M	6.2M	5.9M
Other Current Liab	41.5M	76K	136K	14.6M	12.0M	18.2M
Short Term Debt	724K	(16.5M)	(14.0M)	818K	604K	573.8K
Retained Earnings	1.6B	1.9B	2.5B	2.9B	3.2B	3.4B
Other Current Assets	41.6M	3.7M	3.8M	4.3M	10.2M	10.7M
Other Stockholder Equity	160.7M	126.9M	47.0M	66.5M	59.9M	56.9M
Other Assets	65.6M	54.8M	64.4M	63.6M	73.2M	46.4M
Accumulated Other Comprehensive Income	160.7M	126.9M	47.0M	66.5M	(40.1M)	(38.1M)
Common Stock	3.6B	3.6B	3.7B	3.8B	3.8B	3.2B
Other Liab	9.4M	13.7M	14.3M	10.4M	11.9M	8.8M
Net Tangible Assets	5.3B	5.7B	6.2B	6.7B	7.7B	6.1B
Long Term Debt	770M	1.3B	874.5M	195M	175.5M	166.7M
Long Term Investments	310.6M	199.9M	61.5M	255.5M	246.7M	193.2M
Property Plant Equipment	5.7B	5.5B	5.9B	5.7B	5.1B	4.6B
Net Invested Capital	6.2B	5.9B	6.3B	6.7B	7.0B	6.9B
Net Working Capital	90.1M	170.7M	220.0M	689.4M	541.3M	291.3M
Deferred Long Term Liab	5.2M	5.2M	5.6M	5.8M	6.6M	6.0M
Capital Stock	3.6B	3.6B	3.7B	3.8B	3.8B	4.0B

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When determining whether Wheaton Precious Metals is a strong investment it is important to analyze Wheaton Precious' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Wheaton Precious' future performance. For an informed investment choice regarding Wheaton Stock, refer to the following important reports:

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Please note, there is a significant difference between Wheaton Precious' value and its price as these two are different measures arrived at by different means. Investors typically determine if Wheaton Precious is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wheaton Precious' 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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Wheaton Total Revenue vs Income Before Tax Analysis

Total Revenue vs Income Before Tax

Total Revenue vs Income Before Tax Correlation Analysis

Correlation Coefficient

Total Revenue

Income Before Tax

Wheaton Precious fundamental ratios Correlations

Wheaton Precious Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Wheaton Precious fundamental ratios Accounts

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COMMON DESTINATIONS

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Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash And Short Term Investments
Total Liab	+ 1.0	Non Current Liabilities Total
Non Current Assets Total	+ 0.99	Total Assets
Short Long Term Debt Total	+ 0.99	Non Current Liabilities Total

Total Current Assets	- 0.78	Net Debt
Cash And Short Term Investments	- 0.78	Net Debt
Cash	- 0.78	Net Debt
Net Receivables	- 0.67	Net Debt
Total Current Assets	- 0.6	Non Current Liabilities Total
Non Current Liabilities Total	- 0.6	Net Receivables