Federal Income Before Tax vs Other Operating Expenses Analysis

FSS Stock

USD 83.88 0.78 0.94%

Federal Signal financial indicator trend analysis is much more than just examining Federal Signal latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Federal Signal is a good investment. Please check the relationship between Federal Signal Income Before Tax and its Other Operating Expenses accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Federal Signal. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Federal Stock please use our How to Invest in Federal Signal guide.

Income Before Tax vs Other Operating Expenses

Income Before Tax vs Other Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Federal Signal Income Before Tax account and Other Operating Expenses. At this time, the significance of the direction appears to have strong relationship.

The correlation between Federal Signal's Income Before Tax and Other Operating Expenses is 0.71. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Federal Signal, assuming nothing else is changed. The correlation between historical values of Federal Signal's Income Before Tax and Other Operating Expenses 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 Federal Signal are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Income Before Tax i.e., Federal Signal's Income Before Tax and Other Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Income Before Tax

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

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Federal Signal. It is also known as Federal Signal overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

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

For more information on how to buy Federal Stock please use our How to Invest in Federal Signal guide.At this time, Federal Signal's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 802.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 144.2 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	4.5M	10.3M	22.9M	12.8M
Depreciation And Amortization	39.7M	54.6M	60.4M	63.4M

Interest Expense Depreciation And Amortization

Federal Signal 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	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	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock Total Equity	Common Stock
Total Assets		0.88	0.72	0.74	0.82	0.83	0.79	0.81	0.48	0.99	-0.16	0.48	0.9	0.42	0.85	0.81	0.11	-0.45	0.87	0.77	0.96	0.35	0.53	0.82	0.86	0.81
Short Long Term Debt Total	0.88		0.61	0.73	0.71	0.8	0.98	0.71	0.23	0.89	-0.26	0.23	0.9	0.22	0.95	0.8	-0.04	-0.53	0.95	0.77	0.79	0.42	0.42	0.81	0.63	0.62
Other Current Liab	0.72	0.61		0.75	0.42	0.43	0.57	0.39	0.17	0.71	-0.14	0.17	0.73	0.55	0.7	0.48	0.04	0.09	0.75	0.37	0.7	0.28	0.44	0.82	0.71	0.65
Total Current Liabilities	0.74	0.73	0.75		0.77	0.75	0.7	0.74	0.39	0.72	-0.05	0.39	0.84	0.51	0.7	0.85	0.12	-0.15	0.82	0.75	0.76	0.56	0.55	0.92	0.72	0.72
Total Stockholder Equity	0.82	0.71	0.42	0.77		0.97	0.63	1.0	0.65	0.81	-0.05	0.65	0.79	0.2	0.55	0.95	0.13	-0.6	0.64	0.94	0.81	0.45	0.54	0.68	0.68	0.63
Property Plant And Equipment Net	0.83	0.8	0.43	0.75	0.97		0.75	0.97	0.53	0.83	-0.16	0.53	0.83	0.08	0.64	0.96	-0.02	-0.71	0.7	0.97	0.79	0.49	0.46	0.67	0.62	0.56
Net Debt	0.79	0.98	0.57	0.7	0.63	0.75		0.63	0.06	0.82	-0.32	0.06	0.88	0.13	0.92	0.76	-0.13	-0.52	0.92	0.73	0.69	0.44	0.42	0.79	0.52	0.51
Retained Earnings	0.81	0.71	0.39	0.74	1.0	0.97	0.63		0.64	0.8	-0.05	0.64	0.78	0.14	0.55	0.94	0.11	-0.65	0.63	0.95	0.8	0.44	0.5	0.64	0.65	0.6
Cash	0.48	0.23	0.17	0.39	0.65	0.53	0.06	0.64		0.45	0.34	1.0	0.27	0.38	0.21	0.48	0.45	-0.2	0.27	0.46	0.56	0.1	0.05	0.25	0.57	0.59
Non Current Assets Total	0.99	0.89	0.71	0.72	0.81	0.83	0.82	0.8	0.45		-0.23	0.45	0.89	0.4	0.86	0.79	0.07	-0.46	0.88	0.76	0.93	0.3	0.53	0.82	0.83	0.8
Non Currrent Assets Other	-0.16	-0.26	-0.14	-0.05	-0.05	-0.16	-0.32	-0.05	0.34	-0.23		0.34	-0.26	0.02	-0.27	-0.1	0.81	0.13	-0.23	-0.04	0.01	-0.05	-0.43	-0.25	-0.05	-0.1
Cash And Short Term Investments	0.48	0.23	0.17	0.39	0.65	0.53	0.06	0.64	1.0	0.45	0.34		0.27	0.38	0.21	0.48	0.45	-0.2	0.27	0.46	0.56	0.1	0.05	0.25	0.57	0.59
Net Receivables	0.9	0.9	0.73	0.84	0.79	0.83	0.88	0.78	0.27	0.89	-0.26	0.27		0.3	0.84	0.88	-0.06	-0.46	0.89	0.81	0.89	0.55	0.59	0.86	0.76	0.67
Common Stock Shares Outstanding	0.42	0.22	0.55	0.51	0.2	0.08	0.13	0.14	0.38	0.4	0.02	0.38	0.3		0.42	0.18	0.34	0.54	0.46	0.04	0.46	0.01	0.32	0.6	0.72	0.84
Non Current Liabilities Total	0.85	0.95	0.7	0.7	0.55	0.64	0.92	0.55	0.21	0.86	-0.27	0.21	0.84	0.42		0.66	-0.02	-0.3	0.98	0.58	0.76	0.29	0.32	0.83	0.69	0.71
Inventory	0.81	0.8	0.48	0.85	0.95	0.96	0.76	0.94	0.48	0.79	-0.1	0.48	0.88	0.18	0.66		0.0	-0.61	0.74	0.97	0.82	0.59	0.51	0.75	0.66	0.6
Other Current Assets	0.11	-0.04	0.04	0.12	0.13	-0.02	-0.13	0.11	0.45	0.07	0.81	0.45	-0.06	0.34	-0.02	0.0		0.22	0.02	0.04	0.22	-0.03	-0.14	0.03	0.24	0.26
Other Stockholder Equity	-0.45	-0.53	0.09	-0.15	-0.6	-0.71	-0.52	-0.65	-0.2	-0.46	0.13	-0.2	-0.46	0.54	-0.3	-0.61	0.22		-0.28	-0.72	-0.41	-0.3	-0.07	-0.1	-0.1	0.02
Total Liab	0.87	0.95	0.75	0.82	0.64	0.7	0.92	0.63	0.27	0.88	-0.23	0.27	0.89	0.46	0.98	0.74	0.02	-0.28		0.66	0.8	0.37	0.4	0.9	0.74	0.76
Property Plant And Equipment Gross	0.77	0.77	0.37	0.75	0.94	0.97	0.73	0.95	0.46	0.76	-0.04	0.46	0.81	0.04	0.58	0.97	0.04	-0.72	0.66		0.78	0.6	0.45	0.64	0.58	0.5
Total Current Assets	0.96	0.79	0.7	0.76	0.81	0.79	0.69	0.8	0.56	0.93	0.01	0.56	0.89	0.46	0.76	0.82	0.22	-0.41	0.8	0.78		0.44	0.5	0.78	0.88	0.8
Short Term Debt	0.35	0.42	0.28	0.56	0.45	0.49	0.44	0.44	0.1	0.3	-0.05	0.1	0.55	0.01	0.29	0.59	-0.03	-0.3	0.37	0.6	0.44		0.45	0.35	0.26	0.14
Intangible Assets	0.53	0.42	0.44	0.55	0.54	0.46	0.42	0.5	0.05	0.53	-0.43	0.05	0.59	0.32	0.32	0.51	-0.14	-0.07	0.4	0.45	0.5	0.45		0.61	0.45	0.45
Accounts Payable	0.82	0.81	0.82	0.92	0.68	0.67	0.79	0.64	0.25	0.82	-0.25	0.25	0.86	0.6	0.83	0.75	0.03	-0.1	0.9	0.64	0.78	0.35	0.61		0.76	0.82
Common Stock Total Equity	0.86	0.63	0.71	0.72	0.68	0.62	0.52	0.65	0.57	0.83	-0.05	0.57	0.76	0.72	0.69	0.66	0.24	-0.1	0.74	0.58	0.88	0.26	0.45	0.76		0.93
Common Stock	0.81	0.62	0.65	0.72	0.63	0.56	0.51	0.6	0.59	0.8	-0.1	0.59	0.67	0.84	0.71	0.6	0.26	0.02	0.76	0.5	0.8	0.14	0.45	0.82	0.93

Click cells to compare fundamentals

Federal Signal Account Relationship Matchups

Federal Signal fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.2B	1.2B	1.4B	1.5B	1.6B	870.8M
Short Long Term Debt Total	242.1M	233.7M	313.7M	388.4M	320.7M	243.1M
Other Current Liab	82.4M	83.5M	75.1M	74.3M	90.5M	59.1M
Total Current Liabilities	160.2M	148.4M	170.4M	180.5M	195.8M	206.3M
Total Stockholder Equity	641.6M	702.1M	784M	860.9M	1.0B	1.1B
Property Plant And Equipment Net	234.9M	242.1M	280.1M	313.1M	346.6M	363.9M
Net Debt	210.5M	152M	273.2M	340.9M	259.7M	216.7M
Retained Earnings	528.2M	605M	683.6M	782.2M	915.8M	961.6M
Cash	31.6M	81.7M	40.5M	47.5M	61M	64.1M
Non Current Assets Total	804.8M	803.3M	935.1M	992.9M	1.1B	545.5M
Non Currrent Assets Other	300K	200K	8.7M	9.4M	11.5M	10.9M
Cash And Short Term Investments	31.6M	81.7M	40.5M	47.5M	61M	64.1M
Net Receivables	134.2M	127M	136M	173.8M	186.2M	137.0M
Liabilities And Stockholders Equity	1.2B	1.2B	1.4B	1.5B	1.6B	870.8M
Non Current Liabilities Total	363.7M	358.3M	411.7M	482.9M	422.8M	274.9M
Inventory	182.9M	185M	229.1M	292.7M	303.4M	318.6M
Other Current Assets	12M	11.8M	25.4M	17.4M	19.6M	15.7M
Other Stockholder Equity	135.6M	121M	105.7M	93.2M	97.4M	101.9M
Total Liab	523.9M	506.7M	582.1M	663.4M	618.6M	481.2M
Property Plant And Equipment Gross	234.9M	242.1M	475.5M	514.9M	567.4M	595.8M
Total Current Assets	360.7M	405.5M	431M	531.4M	570.2M	325.3M
Accumulated Other Comprehensive Income	(89.1M)	(91.7M)	(74.2M)	(84M)	(81.3M)	(85.4M)
Intangible Assets	162.9M	153.5M	205.7M	208.2M	207.5M	171.6M
Accounts Payable	65M	51.6M	64.8M	72.4M	66.7M	61.4M
Common Stock Total Equity	66.9M	67.8M	68.9M	69.5M	79.9M	63.5M
Common Stock	66.9M	67.8M	68.9M	69.5M	70M	64.1M
Other Assets	17.3M	256M	17.1M	18.2M	20.9M	19.9M
Treasury Stock	(93M)	(119.8M)	(151M)	(178.6M)	(160.7M)	(152.7M)
Property Plant Equipment	207.3M	106.9M	280.1M	179.3M	206.2M	123.9M
Current Deferred Revenue	11.5M	13.3M	21.9M	25.4M	27.1M	43.0M
Other Liab	121.8M	130M	107.4M	102.6M	118.0M	102.5M
Good Will	388.8M	394.2M	432.2M	453.4M	472.7M	376.9M
Net Tangible Assets	89.9M	307.9M	146.1M	407.5M	468.6M	492.1M
Retained Earnings Total Equity	528.2M	605M	683.6M	782.2M	899.5M	944.5M
Long Term Debt Total	220.3M	209.8M	282.2M	361.5M	415.7M	436.5M
Capital Surpluse	228.6M	240.8M	256.7M	271.8M	312.6M	231.1M
Deferred Long Term Liab	52.7M	53.7M	8.7M	51M	58.7M	37.6M

Federal Signal Investors Sentiment

The influence of Federal Signal's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Federal. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Federal Signal's public news can be used to forecast risks associated with an investment in Federal. The trend in average sentiment can be used to explain how an investor holding Federal can time the market purely based on public headlines and social activities around Federal Signal. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Federal Signal's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Federal Signal's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Federal Signal's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Federal Signal.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Federal Signal in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Federal Signal's short interest history, or implied volatility extrapolated from Federal Signal options trading.

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

How To Invest In Federal

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Is Federal Stock a good investment?

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What is Federal Signal's Net Worth?

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Federal Signal. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Federal Stock please use our How to Invest in Federal Signal guide.

You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for Federal Stock analysis

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

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Is Federal Signal'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 Federal Signal. If investors know Federal 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 Federal Signal 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

0.314

Dividend Share

0.39

Earnings Share

2.56

Revenue Per Share

28.381

Quarterly Revenue Growth

0.145

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

Income Before Tax vs Other Operating Expenses

Income Before Tax vs Other Operating Expenses Correlation Analysis

Correlation Coefficient

Income Before Tax

Other Operating Expenses

Federal Signal fundamental ratios Correlations

Federal Signal Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Federal Signal fundamental ratios Accounts

Federal Signal Investors Sentiment

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Federal Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Net Debt	+ 0.98	Short Long Term Debt Total
Total Liab	+ 0.98	Non Current Liabilities Total
Property Plant And Equipment Net	+ 0.97	Total Stockholder Equity

Property Plant And Equipment Gross	- 0.72	Other Stockholder Equity
Other Stockholder Equity	- 0.71	Property Plant And Equipment Net
Other Stockholder Equity	- 0.65	Retained Earnings
Other Stockholder Equity	- 0.61	Inventory
Other Stockholder Equity	- 0.6	Total Stockholder Equity
Other Stockholder Equity	- 0.53	Short Long Term Debt Total