WTI Income Before Tax vs Operating Income Analysis

WTI Stock

USD 1.91 0.07 3.54%

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

For more detail on how to invest in WTI Stock please use our How to Invest in WT Offshore guide.

Income Before Tax vs Operating Income

Income Before Tax vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of WT Offshore Income Before Tax account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between WT Offshore's Income Before Tax and Operating Income is 0.98. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Operating Income in the same time period over historical financial statements of WT Offshore, assuming nothing else is changed. The correlation between historical values of WT Offshore's Income Before Tax and Operating Income 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 WT Offshore are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Income Before Tax i.e., WT Offshore's Income Before Tax and Operating Income go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Income Before Tax

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

Operating Income

Operating Income is the amount of profit realized from WT Offshore 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 WT Offshore 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.

Most indicators from WT Offshore's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WT Offshore 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 WT Offshore. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more detail on how to invest in WTI Stock please use our How to Invest in WT Offshore guide.As of now, WT Offshore's Tax Provision is increasing as compared to previous years. The WT Offshore's current Sales General And Administrative To Revenue is estimated to increase to 0.66, while Selling General Administrative is projected to decrease to under 71.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	416.6M	527.8M	248.7M	349.5M
Total Revenue	558.0M	921.0M	532.7M	690.9M

Gross Profit Total Revenue

WT Offshore fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Assets	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Property Plant And Equipment Gross	Total Current Assets	Common Stock
Total Assets		0.75	-0.36	-0.43	0.22	0.81	0.7	0.22	0.36	0.97	0.62	0.63	0.8	-0.13	0.97	-0.48	0.61	-0.13	0.68	-0.46	0.73	0.29	0.19	0.19	0.14	-0.46
Total Stockholder Equity	0.75		-0.2	-0.51	-0.19	0.21	0.1	0.18	0.21	0.78	0.14	0.97	0.46	-0.21	0.77	-0.54	0.08	-0.21	0.54	0.1	0.17	0.14	0.04	0.25	-0.01	0.1
Other Assets	-0.36	-0.2		0.37	-0.4	-0.35	-0.36	-0.22	-0.27	-0.34	-0.29	-0.2	-0.53	-0.02	-0.32	0.13	-0.3	-0.02	-0.45	0.09	-0.28	-0.06	-0.3	-0.12	-0.22	0.09
Common Stock Shares Outstanding	-0.43	-0.51	0.37		-0.32	-0.18	-0.35	0.12	0.19	-0.57	-0.44	-0.64	-0.47	0.54	-0.53	0.55	-0.44	0.54	-0.39	-0.36	-0.3	-0.2	0.31	0.06	0.44	-0.36
Other Stockholder Equity	0.22	-0.19	-0.4	-0.32		0.51	0.65	-0.14	-0.18	0.28	0.74	-0.17	0.43	-0.39	0.27	0.12	0.69	-0.39	0.44	-0.3	0.6	0.26	0.19	-0.32	-0.23	-0.3
Total Liab	0.81	0.21	-0.35	-0.18	0.51		0.95	0.16	0.34	0.74	0.82	0.08	0.77	-0.01	0.76	-0.22	0.82	-0.01	0.53	-0.75	0.93	0.35	0.24	0.0	0.21	-0.75
Short Long Term Debt Total	0.7	0.1	-0.36	-0.35	0.65	0.95		-0.03	0.16	0.69	0.91	0.03	0.79	-0.18	0.7	-0.23	0.92	-0.18	0.49	-0.59	0.95	0.4	0.07	-0.13	0.0	-0.59
Other Current Liab	0.22	0.18	-0.22	0.12	-0.14	0.16	-0.03		0.53	0.09	-0.17	0.07	-0.22	0.42	0.11	0.08	-0.14	0.42	0.19	-0.42	-0.05	-0.11	0.35	0.13	0.54	-0.42
Total Current Liabilities	0.36	0.21	-0.27	0.19	-0.18	0.34	0.16	0.53		0.17	-0.13	0.08	0.06	0.81	0.18	-0.04	-0.21	0.81	0.14	-0.34	-0.03	0.21	0.19	0.03	0.91	-0.34
Property Plant And Equipment Net	0.97	0.78	-0.34	-0.57	0.28	0.74	0.69	0.09	0.17		0.69	0.71	0.83	-0.33	1.0	-0.54	0.66	-0.33	0.68	-0.31	0.73	0.33	0.1	0.11	-0.08	-0.31
Net Debt	0.62	0.14	-0.29	-0.44	0.74	0.82	0.91	-0.17	-0.13	0.69		0.12	0.77	-0.47	0.7	-0.24	0.95	-0.47	0.51	-0.43	0.91	0.47	0.03	-0.32	-0.31	-0.43
Retained Earnings	0.63	0.97	-0.2	-0.64	-0.17	0.08	0.03	0.07	0.08	0.71	0.12		0.41	-0.3	0.69	-0.57	0.05	-0.3	0.47	0.32	0.07	0.19	-0.08	0.14	-0.15	0.32
Accounts Payable	0.8	0.46	-0.53	-0.47	0.43	0.77	0.79	-0.22	0.06	0.83	0.77	0.41		-0.33	0.83	-0.43	0.77	-0.33	0.51	-0.3	0.82	0.36	0.19	0.11	-0.11	-0.3
Cash	-0.13	-0.21	-0.02	0.54	-0.39	-0.01	-0.18	0.42	0.81	-0.33	-0.47	-0.3	-0.33		-0.31	0.21	-0.5	1.0	-0.31	-0.18	-0.33	0.02	0.09	0.09	0.92	-0.18
Non Current Assets Total	0.97	0.77	-0.32	-0.53	0.27	0.76	0.7	0.11	0.18	1.0	0.7	0.69	0.83	-0.31		-0.52	0.67	-0.31	0.68	-0.35	0.75	0.34	0.12	0.1	-0.06	-0.35
Non Currrent Assets Other	-0.48	-0.54	0.13	0.55	0.12	-0.22	-0.23	0.08	-0.04	-0.54	-0.24	-0.57	-0.43	0.21	-0.52		-0.24	0.21	-0.11	-0.15	-0.24	0.03	0.15	-0.19	0.19	-0.15
Long Term Debt	0.61	0.08	-0.3	-0.44	0.69	0.82	0.92	-0.14	-0.21	0.66	0.95	0.05	0.77	-0.5	0.67	-0.24		-0.5	0.47	-0.48	0.96	0.29	0.06	-0.1	-0.33	-0.48
Cash And Short Term Investments	-0.13	-0.21	-0.02	0.54	-0.39	-0.01	-0.18	0.42	0.81	-0.33	-0.47	-0.3	-0.33	1.0	-0.31	0.21	-0.5		-0.31	-0.18	-0.33	0.02	0.09	0.09	0.92	-0.18
Net Receivables	0.68	0.54	-0.45	-0.39	0.44	0.53	0.49	0.19	0.14	0.68	0.51	0.47	0.51	-0.31	0.68	-0.11	0.47	-0.31		-0.34	0.51	0.1	0.25	0.02	0.06	-0.34
Common Stock Total Equity	-0.46	0.1	0.09	-0.36	-0.3	-0.75	-0.59	-0.42	-0.34	-0.31	-0.43	0.32	-0.3	-0.18	-0.35	-0.15	-0.48	-0.18	-0.34		-0.64	0.07	-0.44	-0.18	-0.36	1.0
Non Current Liabilities Total	0.73	0.17	-0.28	-0.3	0.6	0.93	0.95	-0.05	-0.03	0.73	0.91	0.07	0.82	-0.33	0.75	-0.24	0.96	-0.33	0.51	-0.64		0.28	0.17	0.02	-0.13	-0.64
Inventory	0.29	0.14	-0.06	-0.2	0.26	0.35	0.4	-0.11	0.21	0.33	0.47	0.19	0.36	0.02	0.34	0.03	0.29	0.02	0.1	0.07	0.28		0.05	-0.75	0.05	0.07
Other Current Assets	0.19	0.04	-0.3	0.31	0.19	0.24	0.07	0.35	0.19	0.1	0.03	-0.08	0.19	0.09	0.12	0.15	0.06	0.09	0.25	-0.44	0.17	0.05		0.08	0.32	-0.44
Property Plant And Equipment Gross	0.19	0.25	-0.12	0.06	-0.32	0.0	-0.13	0.13	0.03	0.11	-0.32	0.14	0.11	0.09	0.1	-0.19	-0.1	0.09	0.02	-0.18	0.02	-0.75	0.08		0.14	-0.18
Total Current Assets	0.14	-0.01	-0.22	0.44	-0.23	0.21	0.0	0.54	0.91	-0.08	-0.31	-0.15	-0.11	0.92	-0.06	0.19	-0.33	0.92	0.06	-0.36	-0.13	0.05	0.32	0.14		-0.36
Common Stock	-0.46	0.1	0.09	-0.36	-0.3	-0.75	-0.59	-0.42	-0.34	-0.31	-0.43	0.32	-0.3	-0.18	-0.35	-0.15	-0.48	-0.18	-0.34	1.0	-0.64	0.07	-0.44	-0.18	-0.36

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WT Offshore Account Relationship Matchups

WT Offshore fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.0B	940.6M	1.2B	1.4B	1.1B	1.5B
Total Stockholder Equity	(249.4M)	(208.3M)	(247.2M)	7.6M	31.2M	29.6M
Other Assets	102.6M	833.4M	156.6M	126.3M	145.3M	118.9M
Common Stock Shares Outstanding	140.6M	141.6M	142.3M	145.1M	148.3M	102.0M
Liabilities And Stockholders Equity	1.0B	940.6M	1.2B	1.4B	1.1B	1.5B
Other Stockholder Equity	522.9M	526.2M	528.8M	552.4M	561.8M	533.8M
Total Liab	1.3B	1.1B	1.4B	1.4B	1.1B	1.3B
Short Long Term Debt Total	722.2M	625.7M	730.9M	693.4M	402.9M	740.2M
Other Current Liab	55.5M	54.1M	176.5M	142.9M	107.1M	101.5M
Total Current Liabilities	190.0M	115M	324.4M	792.3M	216.9M	297.4M
Property Plant And Equipment Net	748.8M	686.9M	665.3M	735.2M	759.6M	910.4M
Net Debt	687.1M	581.6M	485.1M	232.1M	229.5M	218.0M
Retained Earnings	(772.2M)	(734.5M)	(775.9M)	(544.8M)	(530.7M)	(504.1M)
Accounts Payable	102.3M	41.3M	67.4M	65.2M	78.9M	89.1M
Cash	32.4M	43.7M	245.8M	461.4M	173.3M	117.7M
Non Current Assets Total	862.0M	833.4M	834.9M	861.5M	849.0M	962.2M
Non Currrent Assets Other	49.3M	52.1M	67.2M	57.3M	36.8M	26.4M
Long Term Debt	719.5M	625.3M	687.9M	111.2M	361.2M	677.2M
Cash And Short Term Investments	32.4M	43.7M	245.8M	461.4M	173.3M	117.7M
Net Receivables	78.6M	49.7M	64.7M	80.1M	69.8M	88.2M
Non Current Liabilities Total	1.1B	1.0B	1.1B	631.8M	866.0M	1.1B
Other Current Assets	30.7M	13.8M	47.8M	28.8M	33.6M	30.5M
Property Plant And Equipment Gross	756.7M	698.4M	665.3M	735.2M	9.0B	9.4B
Total Current Assets	141.8M	107.2M	358.3M	570.3M	265.0M	270.2M
Property Plant Equipment	748.8M	686.9M	665.3M	735.2M	661.7M	924.8M
Other Liab	339.2M	397.2M	416.8M	510.1M	586.6M	344.2M
Current Deferred Revenue	29.5M	19.2M	36.2M	57.3M	(99K)	(94.1K)
Short Term Debt	2.7M	394K	44.1M	583.9M	30.8M	29.3M
Net Tangible Assets	(249.4M)	(208.3M)	(247.2M)	7.6M	6.9M	7.2M
Retained Earnings Total Equity	(772.2M)	(734.5M)	(775.9M)	(544.8M)	(490.3M)	(514.8M)
Long Term Debt Total	719.5M	625.3M	687.9M	111.2M	100.1M	95.1M
Capital Surpluse	547.1M	550.3M	552.9M	576.6M	663.1M	548.0M
Deferred Long Term Liab	7.2M	128K	113K	72K	64.8K	61.6K
Non Current Liabilities Other	343.6M	408.5M	428.0M	520.6M	23.9M	22.7M

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When determining whether WT Offshore offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WT Offshore'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 Wt Offshore Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Wt Offshore Stock:

How To Invest In WTI

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Is WTI Stock a good investment?

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What is WT Offshore's Net Worth?

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WT Offshore. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more detail on how to invest in WTI Stock please use our How to Invest in WT Offshore guide.

You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.

Is Oil & Gas Exploration & Production 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 WT Offshore. If investors know WTI 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 WT Offshore 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

(0.98)

Dividend Share

0.04

Earnings Share

(0.43)

Revenue Per Share

3.657

Quarterly Revenue Growth

(0.15)

The market value of WT Offshore is measured differently than its book value, which is the value of WTI that is recorded on the company's balance sheet. Investors also form their own opinion of WT Offshore's value that differs from its market value or its book value, called intrinsic value, which is WT Offshore'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 WT Offshore's market value can be influenced by many factors that don't directly affect WT Offshore'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 WT Offshore's value and its price as these two are different measures arrived at by different means. Investors typically determine if WT Offshore is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WT Offshore'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.

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WTI Income Before Tax vs Operating Income Analysis

Income Before Tax vs Operating Income

Income Before Tax vs Operating Income Correlation Analysis

Correlation Coefficient

Income Before Tax

Operating Income

WT Offshore fundamental ratios Correlations

WT Offshore Account Relationship Matchups

High Positive Relationship

High Negative Relationship

WT Offshore fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Property Plant And Equipment Net	+ 0.97	Total Assets
Non Current Assets Total	+ 0.97	Total Assets
Retained Earnings	+ 0.97	Total Stockholder Equity

Property Plant And Equipment Gross	- 0.75	Inventory
Common Stock	- 0.75	Total Liab
Common Stock Total Equity	- 0.75	Total Liab
Common Stock	- 0.64	Non Current Liabilities Total
Non Current Liabilities Total	- 0.64	Common Stock Total Equity
Retained Earnings	- 0.64	Common Stock Shares Outstanding