American Income Before Tax vs Operating Income Analysis

AXL Stock

USD 7.95 0.05 0.63%

American Axle financial indicator trend analysis is way more than just evaluating American Axle Manufa prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American Axle Manufa is a good investment. Please check the relationship between American Axle Income Before Tax and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Axle Manufacturing. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.

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 American Axle Manufa Income Before Tax account and Operating Income. At this time, the significance of the direction appears to have very week relationship.

The correlation between American Axle's Income Before Tax and Operating Income is 0.26. 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 American Axle Manufacturing, assuming nothing else is changed. The correlation between historical values of American Axle'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 American Axle Manufacturing 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., American Axle's Income Before Tax and Operating Income go up and down completely randomly.

Correlation Coefficient

0.26

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on American Axle income statement and is an important metric when analyzing American Axle Manufa 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 American Axle Manufa 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 American Axle Manufacturing 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 American Axle's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American Axle Manufa 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in American Axle Manufacturing. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.

At this time, American Axle's Tax Provision is quite stable compared to the past year. Sales General And Administrative To Revenue is expected to rise to 0.05 this year, although the value of Selling General Administrative will most likely fall to about 271.1 M.

	2021	2022	2023	2024 (projected)
Gross Profit	722.7M	704.9M	514.1M	508.3M
Total Revenue	5.2B	5.8B	6.1B	4.2B

Gross Profit Total Revenue

American Axle fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	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	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock Total Equity	Intangible Assets	Common Stock	Other Liab
Total Assets		0.98	0.94	0.94	0.89	0.96	0.97	0.5	0.93	0.73	0.99	0.63	0.78	0.97	0.88	0.98	0.86	0.76	0.9	0.99	0.46	0.93	0.84	0.93	0.84	0.54
Short Long Term Debt Total	0.98		0.94	0.93	0.81	0.98	0.99	0.36	0.92	0.72	0.96	0.65	0.79	0.94	0.92	0.98	0.87	0.84	0.95	0.99	0.46	0.93	0.88	0.94	0.88	0.48
Other Current Liab	0.94	0.94		0.94	0.77	0.93	0.91	0.31	0.91	0.84	0.89	0.76	0.89	0.95	0.95	0.93	0.9	0.85	0.95	0.95	0.56	0.97	0.94	0.85	0.94	0.48
Total Current Liabilities	0.94	0.93	0.94		0.82	0.92	0.91	0.36	0.99	0.74	0.9	0.7	0.8	0.96	0.93	0.9	0.97	0.81	0.93	0.93	0.56	0.96	0.92	0.86	0.92	0.4
Total Stockholder Equity	0.89	0.81	0.77	0.82		0.82	0.8	0.79	0.82	0.61	0.9	0.44	0.62	0.84	0.62	0.78	0.72	0.46	0.7	0.8	0.43	0.76	0.62	0.85	0.62	0.32
Property Plant And Equipment Net	0.96	0.98	0.93	0.92	0.82		0.97	0.35	0.89	0.77	0.95	0.72	0.79	0.9	0.89	0.96	0.85	0.82	0.95	0.96	0.55	0.9	0.85	0.95	0.85	0.43
Net Debt	0.97	0.99	0.91	0.91	0.8	0.97		0.37	0.91	0.65	0.97	0.61	0.72	0.92	0.88	0.98	0.85	0.81	0.93	0.98	0.45	0.89	0.84	0.95	0.84	0.48
Retained Earnings	0.5	0.36	0.31	0.36	0.79	0.35	0.37		0.38	0.17	0.55	-0.12	0.25	0.47	0.11	0.37	0.23	-0.08	0.18	0.37	-0.05	0.33	0.11	0.46	0.11	0.23
Accounts Payable	0.93	0.92	0.91	0.99	0.82	0.89	0.91	0.38		0.68	0.9	0.66	0.73	0.95	0.89	0.88	0.96	0.77	0.9	0.92	0.56	0.93	0.9	0.84	0.9	0.39
Cash	0.73	0.72	0.84	0.74	0.61	0.77	0.65	0.17	0.68		0.66	0.83	0.93	0.75	0.82	0.71	0.72	0.75	0.78	0.73	0.67	0.85	0.8	0.58	0.81	0.36
Non Current Assets Total	0.99	0.96	0.89	0.9	0.9	0.95	0.97	0.55	0.9	0.66		0.58	0.7	0.94	0.82	0.97	0.8	0.7	0.86	0.97	0.43	0.87	0.77	0.95	0.77	0.55
Non Currrent Assets Other	0.63	0.65	0.76	0.7	0.44	0.72	0.61	-0.12	0.66	0.83	0.58		0.7	0.62	0.78	0.64	0.7	0.72	0.74	0.66	0.8	0.71	0.77	0.56	0.78	0.3
Cash And Short Term Investments	0.78	0.79	0.89	0.8	0.62	0.79	0.72	0.25	0.73	0.93	0.7	0.7		0.82	0.89	0.78	0.78	0.8	0.85	0.8	0.44	0.92	0.88	0.62	0.88	0.38
Net Receivables	0.97	0.94	0.95	0.96	0.84	0.9	0.92	0.47	0.95	0.75	0.94	0.62	0.82		0.91	0.95	0.9	0.79	0.9	0.96	0.47	0.97	0.89	0.84	0.89	0.56
Common Stock Shares Outstanding	0.88	0.92	0.95	0.93	0.62	0.89	0.88	0.11	0.89	0.82	0.82	0.78	0.89	0.91		0.91	0.93	0.92	0.96	0.92	0.52	0.97	0.97	0.76	0.97	0.47
Non Current Liabilities Total	0.98	0.98	0.93	0.9	0.78	0.96	0.98	0.37	0.88	0.71	0.97	0.64	0.78	0.95	0.91		0.82	0.82	0.91	1.0	0.41	0.92	0.85	0.91	0.85	0.63
Inventory	0.86	0.87	0.9	0.97	0.72	0.85	0.85	0.23	0.96	0.72	0.8	0.7	0.78	0.9	0.93	0.82		0.81	0.93	0.86	0.58	0.93	0.94	0.76	0.94	0.26
Other Current Assets	0.76	0.84	0.85	0.81	0.46	0.82	0.81	-0.08	0.77	0.75	0.7	0.72	0.8	0.79	0.92	0.82	0.81		0.91	0.83	0.46	0.86	0.88	0.69	0.88	0.36
Other Stockholder Equity	0.9	0.95	0.95	0.93	0.7	0.95	0.93	0.18	0.9	0.78	0.86	0.74	0.85	0.9	0.96	0.91	0.93	0.91		0.93	0.54	0.94	0.95	0.86	0.95	0.32
Total Liab	0.99	0.99	0.95	0.93	0.8	0.96	0.98	0.37	0.92	0.73	0.97	0.66	0.8	0.96	0.92	1.0	0.86	0.83	0.93		0.45	0.94	0.87	0.91	0.87	0.59
Property Plant And Equipment Gross	0.46	0.46	0.56	0.56	0.43	0.55	0.45	-0.05	0.56	0.67	0.43	0.8	0.44	0.47	0.52	0.41	0.58	0.46	0.54	0.45		0.51	0.59	0.43	0.6	0.09
Total Current Assets	0.93	0.93	0.97	0.96	0.76	0.9	0.89	0.33	0.93	0.85	0.87	0.71	0.92	0.97	0.97	0.92	0.93	0.86	0.94	0.94	0.51		0.95	0.79	0.95	0.47
Common Stock Total Equity	0.84	0.88	0.94	0.92	0.62	0.85	0.84	0.11	0.9	0.8	0.77	0.77	0.88	0.89	0.97	0.85	0.94	0.88	0.95	0.87	0.59	0.95		0.73	1.0	0.37
Intangible Assets	0.93	0.94	0.85	0.86	0.85	0.95	0.95	0.46	0.84	0.58	0.95	0.56	0.62	0.84	0.76	0.91	0.76	0.69	0.86	0.91	0.43	0.79	0.73		0.73	0.4
Common Stock	0.84	0.88	0.94	0.92	0.62	0.85	0.84	0.11	0.9	0.81	0.77	0.78	0.88	0.89	0.97	0.85	0.94	0.88	0.95	0.87	0.6	0.95	1.0	0.73		0.37
Other Liab	0.54	0.48	0.48	0.4	0.32	0.43	0.48	0.23	0.39	0.36	0.55	0.3	0.38	0.56	0.47	0.63	0.26	0.36	0.32	0.59	0.09	0.47	0.37	0.4	0.37

Click cells to compare fundamentals

American Axle Account Relationship Matchups

American Axle fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.6B	5.9B	5.6B	5.5B	5.4B	3.9B
Short Long Term Debt Total	3.6B	3.6B	3.2B	3.0B	3.0B	1.8B
Other Current Liab	355.3M	340.7M	355.6M	340.2M	361M	262.5M
Total Current Liabilities	1.0B	979.3M	1.0B	1.2B	1.2B	782.9M
Total Stockholder Equity	977.6M	370.5M	457.8M	627.3M	604.9M	489.1M
Property Plant And Equipment Net	2.4B	2.3B	2.1B	2.0B	1.9B	1.7B
Net Debt	3.1B	3.0B	2.7B	2.5B	2.5B	1.6B
Retained Earnings	248.6M	(319.8M)	(313.9M)	(249.6M)	(283.2M)	(269.0M)
Accounts Payable	623.5M	578.9M	612.8M	734M	773.9M	480.1M
Cash	532M	557M	530.2M	511.5M	519.9M	545.9M
Non Current Assets Total	4.8B	4.0B	3.8B	3.5B	3.3B	2.7B
Non Currrent Assets Other	577.4M	447.7M	456.7M	535.6M	582.7M	611.8M
Cash And Short Term Investments	532M	557M	530.2M	511.5M	519.9M	262.1M
Net Receivables	815.4M	793.2M	762.8M	820.2M	850.3M	517.0M
Common Stock Shares Outstanding	112.3M	113.1M	114.1M	115.5M	116.6M	81.4M
Liabilities And Stockholders Equity	6.6B	5.9B	5.6B	5.5B	5.4B	3.9B
Non Current Liabilities Total	4.6B	4.6B	4.1B	3.6B	3.5B	2.6B
Inventory	373.6M	323.2M	410.4M	463.9M	482.9M	269.4M
Other Current Assets	136.8M	203.6M	152.6M	197.8M	153.5M	101.6M
Other Stockholder Equity	1.1B	1.1B	1.1B	1.2B	1.1B	600.0M
Total Liab	5.7B	5.5B	5.2B	4.8B	4.8B	3.4B
Property Plant And Equipment Gross	2.4B	2.3B	2.1B	2.0B	4.8B	5.1B
Total Current Assets	1.9B	1.9B	1.9B	2.0B	2.0B	1.2B
Accumulated Other Comprehensive Income	(376.8M)	(432.2M)	(364.8M)	(275.4M)	(262.9M)	(276.0M)
Intangible Assets	864.5M	780.7M	697.2M	616.2M	532.8M	366.1M
Other Liab	906.4M	1.0B	952.4M	618.1M	710.8M	824.5M
Other Assets	744.1M	911M	778.9M	668M	768.2M	517.4M
Long Term Debt	3.6B	3.4B	3.1B	2.8B	2.8B	1.9B
Good Will	699.1M	185.7M	183.8M	181.6M	182.1M	311.9M
Treasury Stock	(209.3M)	(212M)	(216.3M)	(218.2M)	(196.4M)	(206.2M)
Property Plant Equipment	2.4B	2.2B	2.0B	1.9B	2.2B	1.7B
Current Deferred Revenue	44.3M	18.9M	23.4M	28.1M	16.6M	27.6M
Short Term Debt	28.7M	36.3M	43.4M	97M	50.1M	40.5M
Net Tangible Assets	(586M)	(595.9M)	(423.2M)	(170.5M)	(153.5M)	(161.1M)
Noncontrolling Interest In Consolidated Entity	4M	2.4M	2.8M	2.7M	3.1M	2.0M
Retained Earnings Total Equity	248.6M	(319.8M)	(313.9M)	(249.6M)	(287.0M)	(272.7M)
Long Term Debt Total	3.6B	3.5B	3.1B	2.8B	3.3B	2.7B

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When determining whether American Axle Manufa is a strong investment it is important to analyze American Axle's 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 American Axle's future performance. For an informed investment choice regarding American Stock, refer to the following important reports:

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What is American Axle's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Axle Manufacturing. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.

You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

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

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Is American Axle's industry 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 American Axle. If investors know American 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 American Axle 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

(0.65)

Earnings Share

(0.08)

Revenue Per Share

52.882

Quarterly Revenue Growth

0.076

Return On Assets

0.0243

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

American Axle fundamental ratios Correlations

American Axle Account Relationship Matchups

High Positive Relationship

High Negative Relationship

American Axle fundamental ratios Accounts

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Build Optimal Portfolios

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Complementary Tools for American Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Non Current Liabilities Total
Common Stock	+ 1.0	Common Stock Total Equity
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Short Long Term Debt Total

Non Currrent Assets Other	- 0.12	Retained Earnings
Other Current Assets	- 0.08	Retained Earnings
Property Plant And Equipment Gross	- 0.05	Retained Earnings