Estee Net Income vs Tax Provision Analysis
EL Stock | USD 135.96 0.04 0.03% |
Estee Lauder financial indicator trend analysis is much more than just examining Estee Lauder Companies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Estee Lauder Companies is a good investment. Please check the relationship between Estee Lauder Net Income and its Tax Provision accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Estee Lauder Companies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Net Income vs Tax Provision
Net Income vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Estee Lauder Companies Net Income account and Tax Provision. At this time, the significance of the direction appears to have very week relationship.
The correlation between Estee Lauder's Net Income and Tax Provision is 0.22. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Estee Lauder Companies, assuming nothing else is changed. The correlation between historical values of Estee Lauder's Net Income and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Estee Lauder Companies are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Net Income i.e., Estee Lauder's Net Income and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.22 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Estee Lauder Companies financial statement analysis. It represents the amount of money remaining after all of Estee Lauder Companies operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Most indicators from Estee Lauder's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Estee Lauder Companies 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Estee Lauder Companies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. At this time, Estee Lauder's Tax Provision is quite stable compared to the past year. Sales General And Administrative To Revenue is expected to rise to 0.72 this year, although the value of Selling General Administrative will most likely fall to about 6 B.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 13.4B | 11.3B | 13.0B | 7.3B | Total Revenue | 17.7B | 15.9B | 18.3B | 9.5B |
Estee Lauder fundamental ratios Correlations
Click cells to compare fundamentals
Estee Lauder Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Estee Lauder fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 17.8B | 22.0B | 20.9B | 23.4B | 26.9B | 28.3B | |
Short Long Term Debt Total | 8.8B | 8.1B | 7.6B | 10.2B | 11.7B | 12.3B | |
Other Current Liab | 2.2B | 2.9B | 3.0B | 2.9B | 3.3B | 3.5B | |
Total Current Liabilities | 5.2B | 5.3B | 5.8B | 6.2B | 7.2B | 7.5B | |
Total Stockholder Equity | 4.0B | 6.1B | 5.6B | 5.6B | 6.4B | 6.7B | |
Property Plant And Equipment Net | 4.3B | 4.5B | 4.6B | 5.0B | 5.7B | 6.0B | |
Net Debt | 3.8B | 3.1B | 3.7B | 6.1B | 7.1B | 7.4B | |
Retained Earnings | 10.1B | 12.2B | 13.9B | 14.0B | 16.1B | 16.9B | |
Accounts Payable | 1.2B | 1.7B | 1.8B | 1.7B | 1.9B | 2.0B | |
Cash | 5.0B | 5.0B | 4.0B | 4.0B | 4.6B | 4.9B | |
Non Current Assets Total | 8.9B | 12.2B | 11.6B | 14.3B | 16.4B | 17.2B | |
Non Currrent Assets Other | 813M | 1.0B | 1.1B | 1.2B | 1.4B | 1.2B | |
Cash And Short Term Investments | 5.0B | 5.0B | 4.0B | 4.0B | 4.6B | 4.9B | |
Net Receivables | 1.2B | 1.7B | 1.6B | 1.5B | 1.7B | 1.1B | |
Common Stock Shares Outstanding | 366.9M | 368.2M | 364.9M | 360.9M | 324.8M | 331.9M | |
Liabilities And Stockholders Equity | 17.8B | 22.0B | 20.9B | 23.4B | 26.9B | 28.3B | |
Non Current Liabilities Total | 8.6B | 9.7B | 8.7B | 10.8B | 12.4B | 13.0B | |
Inventory | 2.1B | 2.5B | 2.9B | 3.0B | 3.4B | 3.6B | |
Other Current Assets | 614M | 603M | 792M | 679M | 780.9M | 398.0M | |
Other Stockholder Equity | (5.5B) | (5.7B) | (7.6B) | (7.5B) | (6.7B) | (6.4B) | |
Total Liab | 13.8B | 15.0B | 14.5B | 17.0B | 19.5B | 20.5B | |
Total Current Assets | 8.9B | 9.8B | 9.3B | 9.1B | 10.5B | 11.0B | |
Short Term Debt | 1.6B | 411M | 633M | 1.4B | 1.6B | 1.6B | |
Intangible Assets | 2.3B | 4.1B | 3.4B | 5.6B | 6.4B | 6.8B | |
Property Plant And Equipment Gross | 4.3B | 4.5B | 4.6B | 5.0B | 5.7B | 6.0B | |
Accumulated Other Comprehensive Income | (665M) | (470M) | (762M) | (934M) | (840.6M) | (798.6M) | |
Other Liab | 1.4B | 2.0B | 1.7B | 1.9B | 2.2B | 2.3B | |
Other Assets | 813M | 7.7B | 7.0B | 1.2B | 1.4B | 1.1B | |
Long Term Debt | 4.9B | 5.5B | 5.1B | 7.1B | 8.2B | 8.6B | |
Good Will | 1.4B | 2.6B | 2.5B | 2.5B | 2.9B | 3.0B | |
Treasury Stock | (10.3B) | (11.1B) | (13.4B) | (13.6B) | (12.3B) | (11.7B) | |
Property Plant Equipment | 4.3B | 4.5B | 4.6B | 3.2B | 3.7B | 3.8B | |
Net Tangible Assets | 196M | 6.1B | 5.6B | (1.7B) | (1.9B) | (1.8B) | |
Noncontrolling Interest In Consolidated Entity | 22M | 25M | 27M | 34M | 39.1M | 21.4M | |
Retained Earnings Total Equity | 10.1B | 12.2B | 13.9B | 14.0B | 16.1B | 9.6B | |
Short Term Investments | 534M | 3M | 15M | 24M | 27.6M | 26.2M | |
Long Term Debt Total | 4.9B | 5.5B | 5.1B | 7.1B | 8.2B | 8.6B | |
Capital Surpluse | 4.8B | 5.3B | 5.8B | 6.2B | 7.1B | 4.1B |
Pair Trading with Estee Lauder
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 Estee Lauder 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 Estee Lauder will appreciate offsetting losses from the drop in the long position's value.Moving against Estee Stock
0.59 | FTLF | FitLife Brands Common | PairCorr |
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0.57 | PURE | Pure Bioscience | PairCorr |
0.49 | CL | Colgate Palmolive Sell-off Trend | PairCorr |
0.45 | UL | Unilever PLC ADR | PairCorr |
The ability to find closely correlated positions to Estee Lauder could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Estee Lauder 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 Estee Lauder - 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 Estee Lauder Companies to buy it.
The correlation of Estee Lauder 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 Estee Lauder moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Estee Lauder Companies 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 Estee Lauder 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Estee Lauder Companies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Estee Stock analysis
When running Estee Lauder's price analysis, check to measure Estee Lauder'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 Estee Lauder is operating at the current time. Most of Estee Lauder's value examination focuses on studying past and present price action to predict the probability of Estee Lauder's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Estee Lauder's price. Additionally, you may evaluate how the addition of Estee Lauder to your portfolios can decrease your overall portfolio volatility.
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Is Estee Lauder'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 Estee Lauder. If investors know Estee 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 Estee Lauder 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 1.116 | Dividend Share 2.64 | Earnings Share 1.78 | Revenue Per Share 42.788 | Quarterly Revenue Growth 0.05 |
The market value of Estee Lauder Companies is measured differently than its book value, which is the value of Estee that is recorded on the company's balance sheet. Investors also form their own opinion of Estee Lauder's value that differs from its market value or its book value, called intrinsic value, which is Estee Lauder'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 Estee Lauder's market value can be influenced by many factors that don't directly affect Estee Lauder'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 Estee Lauder's value and its price as these two are different measures arrived at by different means. Investors typically determine if Estee Lauder is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Estee Lauder'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.