Ingersoll Selling General Administrative vs Tax Provision Analysis

IR Stock  USD 91.40  1.39  1.50%   
Ingersoll Rand financial indicator trend analysis is infinitely more than just investigating Ingersoll Rand recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ingersoll Rand is a good investment. Please check the relationship between Ingersoll Rand Selling General Administrative and its Tax Provision accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ingersoll Rand. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in Ingersoll Stock, please use our How to Invest in Ingersoll Rand guide.

Selling General Administrative vs Tax Provision

Selling General Administrative vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ingersoll Rand Selling General Administrative account and Tax Provision. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Ingersoll Rand's Selling General Administrative and Tax Provision is -0.03. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Ingersoll Rand, assuming nothing else is changed. The correlation between historical values of Ingersoll Rand's Selling General Administrative 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 Selling General Administrative of Ingersoll Rand 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 Selling General Administrative i.e., Ingersoll Rand's Selling General Administrative and Tax Provision go up and down completely randomly.

Correlation Coefficient

-0.03
Relationship DirectionNegative 
Relationship StrengthInsignificant

Selling General Administrative

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 Ingersoll Rand's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ingersoll Rand 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 Ingersoll Rand. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in Ingersoll Stock, please use our How to Invest in Ingersoll Rand guide.At this time, Ingersoll Rand's Selling General Administrative is relatively stable compared to the past year. As of 05/17/2024, Tax Provision is likely to grow to about 252 M, while Sales General And Administrative To Revenue is likely to drop 0.1.
 2021 2022 2023 2024 (projected)
Gross Profit2.0B2.3B2.5B1.9B
Total Revenue5.2B5.9B6.9B6.1B

Ingersoll Rand fundamental ratios Correlations

0.740.760.890.260.670.750.860.810.030.960.050.950.430.880.120.880.53-0.420.2-0.140.910.670.920.790.59
0.740.930.430.650.970.950.460.87-0.330.6-0.090.850.480.920.630.630.86-0.22-0.14-0.560.690.70.530.950.69
0.760.930.480.430.910.820.40.83-0.40.70.260.890.760.890.520.790.92-0.24-0.3-0.340.840.840.560.980.74
0.890.430.480.020.370.430.910.60.110.940.110.750.310.57-0.220.780.16-0.320.340.160.790.390.930.490.5
0.260.650.430.020.630.620.140.45-0.310.1-0.470.30.00.450.840.050.47-0.11-0.16-0.940.120.050.10.460.5
0.670.970.910.370.630.920.430.77-0.370.54-0.060.810.470.850.650.550.87-0.14-0.17-0.560.630.660.50.940.72
0.750.950.820.430.620.920.540.85-0.120.56-0.280.820.250.920.550.530.77-0.20.04-0.590.60.650.540.880.55
0.860.460.40.910.140.430.540.560.310.83-0.170.710.050.62-0.130.640.14-0.450.51-0.030.640.30.960.470.41
0.810.870.830.60.450.770.850.56-0.140.71-0.060.830.470.880.320.710.66-0.18-0.07-0.30.730.740.60.810.58
0.03-0.33-0.40.11-0.31-0.37-0.120.31-0.14-0.01-0.17-0.11-0.48-0.07-0.5-0.08-0.42-0.180.390.21-0.16-0.160.18-0.33-0.53
0.960.60.70.940.10.540.560.830.71-0.010.240.90.530.75-0.010.920.44-0.40.150.040.940.640.920.70.6
0.05-0.090.260.11-0.47-0.06-0.28-0.17-0.06-0.170.240.150.78-0.04-0.220.450.26-0.04-0.450.490.430.390.080.160.2
0.950.850.890.750.30.810.820.710.83-0.110.90.150.570.930.260.880.72-0.33-0.01-0.220.920.80.80.920.64
0.430.480.760.310.00.470.250.050.47-0.480.530.780.570.470.220.750.69-0.16-0.570.120.750.730.310.650.58
0.880.920.890.570.450.850.920.620.88-0.070.75-0.040.930.470.440.780.79-0.4-0.01-0.410.810.820.690.930.53
0.120.630.52-0.220.840.650.55-0.130.32-0.5-0.01-0.220.260.220.440.050.68-0.13-0.38-0.870.150.23-0.080.530.5
0.880.630.790.780.050.550.530.640.71-0.080.920.450.880.750.780.050.59-0.49-0.050.080.980.80.80.760.52
0.530.860.920.160.470.870.770.140.66-0.420.440.260.720.690.790.680.59-0.22-0.4-0.480.660.810.30.920.62
-0.42-0.22-0.24-0.32-0.11-0.14-0.2-0.45-0.18-0.18-0.4-0.04-0.33-0.16-0.4-0.13-0.49-0.22-0.370.12-0.42-0.22-0.51-0.27-0.13
0.2-0.14-0.30.34-0.16-0.170.040.51-0.070.390.15-0.45-0.01-0.57-0.01-0.38-0.05-0.4-0.370.16-0.08-0.310.35-0.18-0.23
-0.14-0.56-0.340.16-0.94-0.56-0.59-0.03-0.30.210.040.49-0.220.12-0.41-0.870.08-0.480.120.16-0.01-0.060.02-0.4-0.35
0.910.690.840.790.120.630.60.640.73-0.160.940.430.920.750.810.150.980.66-0.42-0.08-0.010.810.80.830.64
0.670.70.840.390.050.660.650.30.74-0.160.640.390.80.730.820.230.80.81-0.22-0.31-0.060.810.470.840.4
0.920.530.560.930.10.50.540.960.60.180.920.080.80.310.69-0.080.80.3-0.510.350.020.80.470.60.54
0.790.950.980.490.460.940.880.470.81-0.330.70.160.920.650.930.530.760.92-0.27-0.18-0.40.830.840.60.71
0.590.690.740.50.50.720.550.410.58-0.530.60.20.640.580.530.50.520.62-0.13-0.23-0.350.640.40.540.71
Click cells to compare fundamentals

Ingersoll Rand Account Relationship Matchups

Ingersoll Rand fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.6B16.1B15.2B14.8B15.6B9.8B
Other Current Liab192.4M614.3M516.3M553.2M664.3M890.0M
Total Current Liabilities574.6M1.5B1.5B1.7B1.8B2.0B
Total Stockholder Equity1.9B9.1B9.0B9.2B9.8B5.8B
Other Liab539.1M1.5B1.2B1.0B934.4M1.7B
Retained Earnings(141.4M)(175.7M)378.6M950.9M1.7B2.4B
Accounts Payable322.9M671.1M670.5M778.7M801.2M923.2M
Cash505.5M1.8B2.1B1.6B1.6B1.1B
Other Assets161.4M364M496.7M404.5M364.1M599.7M
Long Term Debt4.9B4.5B4.5B3.8B2.7B3.1B
Good Will1.3B6.3B6.0B6.1B6.6B3.5B
Inventory502.5M943.6M854.2M1.0B1.0B782.5M
Other Current Assets76.8M201M186.9M206.9M219.6M273.1M
Total Liab2.8B6.9B6.1B5.5B5.7B5.6B
Intangible Assets1.3B4.7B3.9B3.6B3.6B3.2B
Property Plant Equipment1.8B1.3B1.4B1.5B1.8B1.6B
Net Tangible Assets(3.7B)(2.2B)(2.6B)(2.7B)(3.1B)(3.2B)
Noncontrolling Interest In Consolidated Entity44.8M19.4M17.2M16.6M14.9M14.2M
Non Current Assets Total3.1B12.2B11.0B10.8B11.5B6.9B
Non Currrent Assets Other89.8M214.8M323.6M339.8M390.5M354.7M
Cash And Short Term Investments505.5M1.8B2.1B1.6B1.6B1.1B
Net Receivables459.1M966.6M948.6M1.1B1.2B1.0B
Common Stock Total Equity2.1M4.2M259.7M253.3M228.0M132.4M
Retained Earnings Total Equity9.7B8.5B8.4B8.3B9.6B8.1B
Long Term Debt Total4.9B4.5B4.5B3.8B4.4B3.9B
Liabilities And Stockholders Equity4.6B16.1B15.2B14.8B15.6B10.5B
Non Current Liabilities Total2.2B5.4B4.6B3.8B3.9B3.8B
Capital Surpluse2.3B9.3B9.4B9.5B10.9B11.4B
Other Stockholder Equity2.3B9.3B8.7B8.5B8.3B8.7B
Deferred Long Term Liab682M578.5M581.5M680.1M612.1M848.1M
Total Current Assets1.5B3.9B4.1B4.0B4.1B2.7B
Accumulated Other Comprehensive Income(256M)14.2M(41.6M)(251.7M)(227.6M)(216.2M)
Non Current Liabilities Other2.7B2.3B2.0B1.8B433.9M412.2M
Short Term Debt7.6M40.4M38.8M36.5M30.6M29.1M
Property Plant And Equipment Net326.6M797.3M648.6M624.4M711.4M530.5M

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When determining whether Ingersoll Rand is a strong investment it is important to analyze Ingersoll Rand'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 Ingersoll Rand's future performance. For an informed investment choice regarding Ingersoll Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ingersoll Rand. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in Ingersoll Stock, please use our How to Invest in Ingersoll Rand guide.
You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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Is Ingersoll Rand'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 Ingersoll Rand. If investors know Ingersoll 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 Ingersoll Rand 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
0.282
Dividend Share
0.08
Earnings Share
2.01
Revenue Per Share
17.103
Quarterly Revenue Growth
0.025
The market value of Ingersoll Rand is measured differently than its book value, which is the value of Ingersoll that is recorded on the company's balance sheet. Investors also form their own opinion of Ingersoll Rand's value that differs from its market value or its book value, called intrinsic value, which is Ingersoll Rand'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 Ingersoll Rand's market value can be influenced by many factors that don't directly affect Ingersoll Rand'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 Ingersoll Rand's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ingersoll Rand is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ingersoll Rand'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.