International Interest Income vs Cost Of Revenue Analysis
IGT Stock | USD 20.24 0.46 2.22% |
International Game financial indicator trend analysis is infinitely more than just investigating International Game recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether International Game is a good investment. Please check the relationship between International Game Interest Income and its Cost Of Revenue accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Game Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Interest Income vs Cost Of Revenue
Interest Income vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of International Game Interest Income account and Cost Of Revenue. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between International Game's Interest Income and Cost Of Revenue is -0.07. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of International Game Technology, assuming nothing else is changed. The correlation between historical values of International Game's Interest Income and Cost Of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Income of International Game Technology are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Interest Income i.e., International Game's Interest Income and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | -0.07 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.Cost Of Revenue
Cost of Revenue is found on International Game income statement and represents the costs associated with goods and services International Game provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most indicators from International Game's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into International Game 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Game Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. At this time, International Game's Discontinued Operations is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 9.59 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.15 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 341M | 304M | 311M | 283.0M | Depreciation And Amortization | 650M | 732M | 523M | 579.4M |
International Game fundamental ratios Correlations
Click cells to compare fundamentals
International Game Account Relationship Matchups
High Positive Relationship
High Negative Relationship
International Game fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 13.6B | 13.0B | 11.3B | 10.4B | 10.5B | 10.2B | |
Short Long Term Debt Total | 8.4B | 8.5B | 6.8B | 6.1B | 5.9B | 5.2B | |
Other Current Liab | 814.3M | 988.3M | 724M | 1.1B | 771M | 697.3M | |
Total Current Liabilities | 2.5B | 2.6B | 1.9B | 1.9B | 1.7B | 2.1B | |
Total Stockholder Equity | 1.9B | 776.7M | 1.3B | 1.4B | 1.4B | 2.2B | |
Property Plant And Equipment Net | 1.8B | 1.5B | 1.3B | 1.2B | 1.3B | 1.1B | |
Current Deferred Revenue | 67.8M | 107.5M | 104M | 91M | 69M | 80.9M | |
Net Debt | 7.7B | 7.6B | 6.2B | 5.5B | 5.4B | 4.7B | |
Retained Earnings | (1.0B) | (1.9B) | (1.4B) | (2.1B) | (1.0B) | (957.6M) | |
Accounts Payable | 1.1B | 1.1B | 1.0B | 647M | 797M | 1.0B | |
Cash | 662.9M | 907.0M | 591M | 590M | 572M | 519.1M | |
Non Current Assets Total | 11.0B | 9.6B | 8.8B | 8.4B | 8.3B | 8.1B | |
Non Currrent Assets Other | 1.9B | 1.8B | 1.4B | 986M | 59M | 56.1M | |
Cash And Short Term Investments | 662.9M | 907.0M | 591M | 590M | 572M | 532.3M | |
Net Receivables | 1.0B | 846.1M | 903M | 1.0B | 965M | 1.0B | |
Common Stock Shares Outstanding | 204.4M | 204.7M | 206.8M | 203.4M | 203M | 182.3M | |
Liabilities And Stockholders Equity | 13.9B | 13.0B | 11.3B | 10.4B | 10.5B | 10.2B | |
Non Current Liabilities Total | 8.7B | 8.8B | 7.4B | 6.7B | 6.8B | 5.6B | |
Inventory | 161.8M | 169.2M | 183M | 254M | 317M | 198.6M | |
Other Current Assets | 571.9M | 479.6M | 589M | 34M | 30M | 28.5M | |
Total Liab | 11.2B | 11.4B | 9.4B | 8.6B | 8.5B | 7.7B | |
Total Current Assets | 2.6B | 3.4B | 2.5B | 2.0B | 2.1B | 2.1B | |
Accumulated Other Comprehensive Income | 262.5M | 329.8M | 412M | 502M | 521M | 448.1M | |
Short Term Debt | 465.3M | 393.2M | 52M | 108M | 56M | 53.2M | |
Intangible Assets | 1.8B | 1.6B | 1.4B | 1.4B | 2.3B | 1.7B | |
Common Stock | 20.4M | 20.4M | 20.5M | 21M | 18.9M | 18.0M | |
Other Stockholder Equity | 2.6B | 2.3B | 2.3B | 2.9B | 1.9B | 2.3B | |
Good Will | 5.5B | 4.7B | 4.7B | 4.6B | 4.5B | 5.1B | |
Other Assets | 1.1B | 294.5M | (3M) | 3M | (1M) | (950K) | |
Long Term Debt | 7.6B | 7.9B | 6.5B | 5.7B | 5.7B | 5.7B | |
Long Term Debt Total | 7.6B | 7.9B | 6.5B | 5.7B | 5.1B | 5.9B | |
Capital Surpluse | 2.4B | 2.3B | 2.3B | 2.2B | 2.0B | 2.0B | |
Cash And Equivalents | 662.9M | 907.0M | 591M | 590M | 678.5M | 684.1M | |
Property Plant Equipment | 1.7B | 1.5B | 1.4B | 1.3B | 1.2B | 1.2B | |
Other Liab | 782.5M | 662.1M | 664M | 655M | 589.5M | 598.2M | |
Net Tangible Assets | (6.6B) | (7.0B) | (5.9B) | (5.3B) | (6.1B) | (6.4B) | |
Capital Lease Obligations | 397.5M | 341.3M | 269M | 298M | 254M | 263.7M | |
Net Invested Capital | 9.7B | 9.0B | 7.8B | 7.2B | 7.1B | 7.0B | |
Short Long Term Debt | 465.3M | 393.2M | 52M | 61M | 16M | 15.2M |
Pair Trading with International Game
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 International Game 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 International Game will appreciate offsetting losses from the drop in the long position's value.Moving against International Stock
0.86 | BH | Biglari Holdings Downward Rally | PairCorr |
0.81 | CMG | Chipotle Mexican Grill | PairCorr |
0.8 | CDROW | Codere Online Luxembourg | PairCorr |
0.77 | SG | Sweetgreen Sell-off Trend | PairCorr |
0.77 | DPZ | Dominos Pizza | PairCorr |
The ability to find closely correlated positions to International Game could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace International Game 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 International Game - 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 International Game Technology to buy it.
The correlation of International Game 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 International Game moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if International Game 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 International Game 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Game Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the International Game information on this page should be used as a complementary analysis to other International Game's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
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Is International Game'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 International Game. If investors know International 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 International Game 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 2.636 | Dividend Share 0.8 | Earnings Share 0.77 | Revenue Per Share 21.575 | Quarterly Revenue Growth 0.006 |
The market value of International Game is measured differently than its book value, which is the value of International that is recorded on the company's balance sheet. Investors also form their own opinion of International Game's value that differs from its market value or its book value, called intrinsic value, which is International Game'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 International Game's market value can be influenced by many factors that don't directly affect International Game'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 International Game's value and its price as these two are different measures arrived at by different means. Investors typically determine if International Game is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, International Game'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.