Illinois Total Revenue vs Minority Interest Analysis

ITW Stock

USD 249.38 0.91 0.36%

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 Total Revenue and its Minority Interest 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.

Total Revenue vs Minority Interest

Total Revenue vs Minority Interest Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Illinois Tool Works Total Revenue account and Minority Interest. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Illinois Tool's Total Revenue and Minority Interest is -0.08. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Minority Interest 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 Total Revenue and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Illinois Tool Works are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Total Revenue i.e., Illinois Tool's Total Revenue and Minority Interest go up and down completely randomly.

Correlation Coefficient

-0.08

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Total Revenue

Total revenue comprises all receipts Illinois Tool Works generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Illinois Tool Works whose combined shares represent less than 50% of the total outstanding shares issued by Illinois Tool have a minority interest in Illinois Tool.

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

Gross Profit Total Revenue

Illinois Tool 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	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock
Total Assets		0.56	0.54	0.57	0.68	0.89	0.25	0.41	0.65	0.98	0.6	0.65	0.84	0.16	0.58	0.73	0.51	-0.13	0.76	0.97	0.34	0.73	0.91	0.05	0.74	0.74
Short Long Term Debt Total	0.56		0.78	0.58	-0.07	0.68	0.87	0.93	0.36	0.57	0.79	0.36	0.68	-0.6	0.78	0.5	-0.14	-0.83	0.82	0.52	0.32	-0.05	0.49	0.46	0.89	0.89
Other Current Liab	0.54	0.78		0.55	-0.12	0.58	0.63	0.72	0.36	0.51	0.73	0.36	0.66	-0.61	0.71	0.52	-0.38	-0.69	0.84	0.55	0.4	-0.06	0.42	0.38	0.77	0.77
Total Current Liabilities	0.57	0.58	0.55		0.37	0.6	0.51	0.6	0.2	0.52	0.4	0.2	0.58	-0.05	0.12	0.59	0.12	-0.41	0.45	0.61	0.91	0.2	0.65	0.56	0.65	0.65
Total Stockholder Equity	0.68	-0.07	-0.12	0.37		0.45	-0.34	-0.19	0.52	0.64	0.04	0.52	0.32	0.81	-0.15	0.35	0.74	0.51	0.04	0.7	0.31	0.92	0.68	-0.19	0.11	0.11
Property Plant And Equipment Net	0.89	0.68	0.58	0.6	0.45		0.55	0.65	0.32	0.94	0.63	0.32	0.97	-0.1	0.67	0.87	0.45	-0.43	0.81	0.78	0.27	0.45	0.92	0.35	0.85	0.85
Net Debt	0.25	0.87	0.63	0.51	-0.34	0.55		0.97	-0.15	0.32	0.67	-0.15	0.6	-0.75	0.63	0.52	-0.2	-0.97	0.64	0.14	0.22	-0.39	0.34	0.73	0.73	0.74
Retained Earnings	0.41	0.93	0.72	0.6	-0.19	0.65	0.97		0.02	0.46	0.77	0.02	0.68	-0.68	0.68	0.59	-0.15	-0.94	0.72	0.32	0.29	-0.25	0.46	0.72	0.81	0.81
Cash	0.65	0.36	0.36	0.2	0.52	0.32	-0.15	0.02		0.53	0.32	1.0	0.21	0.23	0.36	0.01	0.1	0.16	0.43	0.76	0.22	0.64	0.34	-0.45	0.39	0.39
Non Current Assets Total	0.98	0.57	0.51	0.52	0.64	0.94	0.32	0.46	0.53		0.62	0.53	0.89	0.12	0.63	0.8	0.57	-0.19	0.77	0.9	0.23	0.69	0.94	0.11	0.75	0.75
Non Currrent Assets Other	0.6	0.79	0.73	0.4	0.04	0.63	0.67	0.77	0.32	0.62		0.32	0.67	-0.47	0.78	0.58	0.0	-0.67	0.78	0.54	0.08	0.03	0.57	0.38	0.65	0.65
Cash And Short Term Investments	0.65	0.36	0.36	0.2	0.52	0.32	-0.15	0.02	1.0	0.53	0.32		0.21	0.23	0.36	0.01	0.1	0.16	0.43	0.76	0.22	0.64	0.34	-0.45	0.39	0.39
Net Receivables	0.84	0.68	0.66	0.58	0.32	0.97	0.6	0.68	0.21	0.89	0.67	0.21		-0.23	0.71	0.94	0.38	-0.5	0.86	0.72	0.25	0.35	0.88	0.43	0.85	0.84
Common Stock Shares Outstanding	0.16	-0.6	-0.61	-0.05	0.81	-0.1	-0.75	-0.68	0.23	0.12	-0.47	0.23	-0.23		-0.6	-0.12	0.64	0.87	-0.51	0.21	0.08	0.74	0.19	-0.45	-0.45	-0.45
Non Current Liabilities Total	0.58	0.78	0.71	0.12	-0.15	0.67	0.63	0.68	0.36	0.63	0.78	0.36	0.71	-0.6		0.51	-0.03	-0.64	0.92	0.49	-0.18	0.04	0.44	0.12	0.78	0.78
Inventory	0.73	0.5	0.52	0.59	0.35	0.87	0.52	0.59	0.01	0.8	0.58	0.01	0.94	-0.12	0.51		0.47	-0.41	0.68	0.6	0.27	0.32	0.86	0.56	0.67	0.66
Other Current Assets	0.51	-0.14	-0.38	0.12	0.74	0.45	-0.2	-0.15	0.1	0.57	0.0	0.1	0.38	0.64	-0.03	0.47		0.39	0.04	0.41	-0.05	0.71	0.62	-0.12	0.08	0.07
Other Stockholder Equity	-0.13	-0.83	-0.69	-0.41	0.51	-0.43	-0.97	-0.94	0.16	-0.19	-0.67	0.16	-0.5	0.87	-0.64	-0.41	0.39		-0.63	-0.05	-0.16	0.54	-0.18	-0.71	-0.67	-0.68
Total Liab	0.76	0.82	0.84	0.45	0.04	0.81	0.64	0.72	0.43	0.77	0.78	0.43	0.86	-0.51	0.92	0.68	0.04	-0.63		0.7	0.18	0.17	0.63	0.24	0.92	0.92
Total Current Assets	0.97	0.52	0.55	0.61	0.7	0.78	0.14	0.32	0.76	0.9	0.54	0.76	0.72	0.21	0.49	0.6	0.41	-0.05	0.7		0.45	0.74	0.83	-0.04	0.69	0.69
Short Term Debt	0.34	0.32	0.4	0.91	0.31	0.27	0.22	0.29	0.22	0.23	0.08	0.22	0.25	0.08	-0.18	0.27	-0.05	-0.16	0.18	0.45		0.15	0.36	0.36	0.39	0.39
Intangible Assets	0.73	-0.05	-0.06	0.2	0.92	0.45	-0.39	-0.25	0.64	0.69	0.03	0.64	0.35	0.74	0.04	0.32	0.71	0.54	0.17	0.74	0.15		0.63	-0.4	0.17	0.17
Accounts Payable	0.91	0.49	0.42	0.65	0.68	0.92	0.34	0.46	0.34	0.94	0.57	0.34	0.88	0.19	0.44	0.86	0.62	-0.18	0.63	0.83	0.36	0.63		0.29	0.65	0.65
Property Plant And Equipment Gross	0.05	0.46	0.38	0.56	-0.19	0.35	0.73	0.72	-0.45	0.11	0.38	-0.45	0.43	-0.45	0.12	0.56	-0.12	-0.71	0.24	-0.04	0.36	-0.4	0.29		0.38	0.38
Common Stock Total Equity	0.74	0.89	0.77	0.65	0.11	0.85	0.73	0.81	0.39	0.75	0.65	0.39	0.85	-0.45	0.78	0.67	0.08	-0.67	0.92	0.69	0.39	0.17	0.65	0.38		1.0
Common Stock	0.74	0.89	0.77	0.65	0.11	0.85	0.74	0.81	0.39	0.75	0.65	0.39	0.84	-0.45	0.78	0.66	0.07	-0.68	0.92	0.69	0.39	0.17	0.65	0.38	1.0

Click cells to compare fundamentals

Illinois Tool Account Relationship Matchups

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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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:

How To Invest In Illinois

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Is Illinois Stock a good investment?

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What is Illinois Tool's Net Worth?

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Largest Specialty Industrial Machinery Companies

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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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.

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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

10.14

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.

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Illinois Total Revenue vs Minority Interest Analysis

Total Revenue vs Minority Interest

Total Revenue vs Minority Interest Correlation Analysis

Correlation Coefficient

Total Revenue

Minority Interest

Illinois Tool fundamental ratios Correlations

Illinois Tool Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Illinois Tool fundamental ratios Accounts

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

Complementary Tools for Illinois Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Non Current Assets Total	+ 0.98	Total Assets
Total Current Assets	+ 0.97	Total Assets
Net Receivables	+ 0.97	Property Plant And Equipment Net
Retained Earnings	+ 0.97	Net Debt

Other Stockholder Equity	- 0.97	Net Debt
Other Stockholder Equity	- 0.94	Retained Earnings
Other Stockholder Equity	- 0.83	Short Long Term Debt Total
Common Stock Shares Outstanding	- 0.75	Net Debt
Property Plant And Equipment Gross	- 0.71	Other Stockholder Equity
Other Stockholder Equity	- 0.69	Other Current Liab