Illinois Net Receivables vs Intangible Assets Analysis
ITW Stock | USD 237.80 2.79 1.19% |
Illinois Tool financial indicator trend analysis is infinitely more than just investigating Illinois Tool Works recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Illinois Tool Works is a good investment. Please check the relationship between Illinois Tool Net Receivables and its Intangible Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Illinois Tool Works. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Net Receivables vs Intangible Assets
Net Receivables vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Illinois Tool Works Net Receivables account and Intangible Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between Illinois Tool's Net Receivables and Intangible Assets is 0.35. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Illinois Tool Works, assuming nothing else is changed. The correlation between historical values of Illinois Tool's Net Receivables and Intangible Assets 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 Receivables of Illinois Tool Works are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Net Receivables i.e., Illinois Tool's Net Receivables and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.35 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Net Receivables
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Most indicators from Illinois Tool's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Illinois Tool Works 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 Illinois Tool Works. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. At this time, Illinois Tool's Discontinued Operations is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 20.11 in 2024, whereas Tax Provision is likely to drop slightly above 691.5 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 6.0B | 6.5B | 6.8B | 4.1B | Total Revenue | 14.5B | 15.9B | 16.1B | 10.8B |
Illinois Tool fundamental ratios Correlations
Click cells to compare fundamentals
Illinois Tool Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Illinois Tool fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 15.1B | 15.6B | 16.1B | 15.4B | 15.5B | 11.4B | |
Short Long Term Debt Total | 7.8B | 8.1B | 7.7B | 7.8B | 8.4B | 8.8B | |
Other Current Liab | 1.5B | 1.5B | 1.7B | 1.8B | 1.8B | 935.3M | |
Total Current Liabilities | 2.2B | 2.6B | 3.5B | 4.5B | 4.7B | 4.9B | |
Total Stockholder Equity | 3.0B | 3.2B | 3.6B | 3.1B | 3.0B | 5.1B | |
Property Plant And Equipment Net | 1.7B | 1.8B | 1.8B | 1.8B | 2.2B | 1.5B | |
Net Debt | 5.8B | 5.6B | 6.2B | 7.1B | 7.3B | 7.7B | |
Retained Earnings | 22.4B | 23.1B | 24.3B | 25.8B | 27.1B | 28.5B | |
Cash | 2.0B | 2.6B | 1.5B | 708M | 1.1B | 1.1B | |
Non Current Assets Total | 8.8B | 9.1B | 9.7B | 9.2B | 9.3B | 6.8B | |
Non Currrent Assets Other | 1.2B | 1.3B | 1.4B | 1.2B | 771M | 1.0B | |
Cash And Short Term Investments | 2.0B | 2.6B | 1.5B | 708M | 1.1B | 1.1B | |
Net Receivables | 2.5B | 2.5B | 2.8B | 3.2B | 3.3B | 1.9B | |
Common Stock Shares Outstanding | 325.6M | 318.3M | 316.4M | 310.7M | 303.6M | 371.6M | |
Liabilities And Stockholders Equity | 15.1B | 15.6B | 16.1B | 15.4B | 15.5B | 11.4B | |
Non Current Liabilities Total | 9.9B | 9.8B | 9.0B | 7.9B | 7.8B | 4.0B | |
Inventory | 1.2B | 1.2B | 1.7B | 2.1B | 1.7B | 1.1B | |
Other Current Assets | 296M | 264M | 313M | 329M | 157M | 300.6M | |
Other Stockholder Equity | (17.7B) | (18.3B) | (19.2B) | (20.9B) | (22.3B) | (21.2B) | |
Total Liab | 12.0B | 12.4B | 12.5B | 12.3B | 12.5B | 6.3B | |
Total Current Assets | 6.3B | 6.5B | 6.4B | 6.3B | 6.2B | 4.6B | |
Short Term Debt | 4M | 350M | 778M | 1.6B | 1.9B | 2.0B | |
Intangible Assets | 851M | 781M | 972M | 768M | 657M | 624.2M | |
Accounts Payable | 472M | 534M | 585M | 594M | 581M | 511.2M | |
Property Plant And Equipment Gross | 1.9B | 2.0B | 5.9B | 6.0B | 6.3B | 6.6B | |
Accumulated Other Comprehensive Income | (1.7B) | (1.6B) | (1.5B) | (1.8B) | (1.8B) | (1.7B) | |
Other Liab | 2.0B | 2.1B | 2.1B | 1.6B | 1.8B | 1.4B | |
Other Assets | 1.5B | 1.8B | 2.0B | 1.7B | 1.9B | 1.4B | |
Long Term Debt | 7.8B | 7.8B | 6.9B | 6.2B | 6.3B | 4.4B | |
Treasury Stock | (17.5B) | (19.0B) | (19.7B) | (20.6B) | (18.6B) | (17.6B) | |
Property Plant Equipment | 1.7B | 1.8B | 1.8B | 1.8B | 1.7B | 1.5B | |
Current Deferred Revenue | 188M | 222M | 394M | 427M | 395M | 369.1M | |
Good Will | 4.5B | 4.7B | 5.0B | 4.9B | 4.9B | 4.8B | |
Net Tangible Assets | (2.3B) | (2.3B) | (2.3B) | (2.5B) | (2.3B) | (2.2B) | |
Retained Earnings Total Equity | 22.4B | 23.1B | 24.3B | 25.8B | 29.7B | 18.7B | |
Long Term Debt Total | 7.8B | 7.8B | 6.9B | 6.2B | 7.1B | 6.4B |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Illinois Tool Works is a strong investment it is important to analyze Illinois Tool'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 Illinois Tool's future performance. For an informed investment choice regarding Illinois 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 Illinois Tool Works. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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When running Illinois Tool's price analysis, check to measure Illinois Tool'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 Illinois Tool is operating at the current time. Most of Illinois Tool's value examination focuses on studying past and present price action to predict the probability of Illinois Tool's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Illinois Tool's price. Additionally, you may evaluate how the addition of Illinois Tool to your portfolios can decrease your overall portfolio volatility.
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Is Illinois Tool'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 Illinois Tool. If investors know Illinois 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 Illinois Tool 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 0.172 | Dividend Share 5.51 | Earnings Share 10.02 | Revenue Per Share 53.346 | Quarterly Revenue Growth (0.01) |
The market value of Illinois Tool Works is measured differently than its book value, which is the value of Illinois that is recorded on the company's balance sheet. Investors also form their own opinion of Illinois Tool's value that differs from its market value or its book value, called intrinsic value, which is Illinois Tool'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 Illinois Tool's market value can be influenced by many factors that don't directly affect Illinois Tool'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 Illinois Tool's value and its price as these two are different measures arrived at by different means. Investors typically determine if Illinois Tool is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Illinois Tool'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.