Phillips Income Before Tax vs Net Income Analysis

PSX Stock

USD 151.41 5.83 3.71%

Phillips financial indicator trend analysis is much more than just breaking down Phillips 66 prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Phillips 66 is a good investment. Please check the relationship between Phillips Income Before Tax and its Net Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phillips 66. 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.

Income Before Tax vs Net Income

Income Before Tax vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Phillips 66 Income Before Tax account and Net Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Phillips' Income Before Tax and Net Income is 0.98. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Net Income in the same time period over historical financial statements of Phillips 66, assuming nothing else is changed. The correlation between historical values of Phillips' Income Before Tax and Net Income 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 Phillips 66 are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Income Before Tax i.e., Phillips' Income Before Tax and Net Income go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Phillips income statement and is an important metric when analyzing Phillips 66 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.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Phillips 66 financial statement analysis. It represents the amount of money remaining after all of Phillips 66 operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Phillips' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Phillips 66 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phillips 66. 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.

At this time, Phillips' Tax Provision is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to rise to 7.73 in 2024, whereas Selling General Administrative is likely to drop slightly above 2.4 B in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	605M	642M	928M	974.4M
Depreciation And Amortization	1.6B	1.6B	2.0B	1.4B

Interest Expense Depreciation And Amortization

Phillips fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Good Will	Common Stock Total Equity	Retained Earnings Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity
Total Assets		0.86	0.57	0.68	0.65	0.73	0.79	0.97	0.64	0.76	0.9	0.35	0.36	0.96	-0.64	0.03	0.86	0.52	-0.73	0.57	0.89	-0.7	0.88	-0.06	-0.41	-0.75
Short Long Term Debt Total	0.86		0.29	0.39	0.24	0.87	0.74	0.85	0.79	0.85	0.9	0.02	0.27	0.88	-0.37	0.33	1.0	0.17	-0.8	0.68	0.91	-0.85	0.99	0.04	-0.31	-0.9
Other Current Liab	0.57	0.29		0.65	0.56	0.18	0.3	0.62	0.29	0.35	0.4	0.39	0.15	0.55	-0.38	0.08	0.26	0.56	-0.58	0.16	0.39	-0.27	0.3	0.12	-0.24	-0.2
Total Current Liabilities	0.68	0.39	0.65		0.46	0.12	0.54	0.55	0.42	0.33	0.38	0.84	0.53	0.49	-0.45	-0.2	0.38	0.93	-0.56	0.47	0.36	-0.18	0.43	-0.18	-0.32	-0.27
Total Stockholder Equity	0.65	0.24	0.56	0.46		0.27	0.4	0.67	-0.05	0.31	0.5	0.34	0.02	0.63	-0.76	-0.38	0.25	0.48	-0.15	-0.01	0.48	-0.19	0.27	0.01	-0.49	-0.2
Other Liab	0.73	0.87	0.18	0.12	0.27		0.7	0.78	0.67	0.78	0.88	-0.2	0.06	0.84	-0.36	0.21	0.88	-0.05	-0.57	0.62	0.89	-0.82	0.87	-0.01	-0.28	-0.84
Net Tangible Assets	0.79	0.74	0.3	0.54	0.4	0.7		0.7	0.8	0.58	0.79	0.34	0.58	0.72	-0.58	-0.05	0.76	0.48	-0.47	0.89	0.79	-0.53	0.77	-0.2	-0.36	-0.69
Property Plant And Equipment Net	0.97	0.85	0.62	0.55	0.67	0.78	0.7		0.57	0.78	0.91	0.2	0.19	0.99	-0.62	0.11	0.85	0.38	-0.74	0.46	0.9	-0.72	0.86	0.07	-0.41	-0.73
Current Deferred Revenue	0.64	0.79	0.29	0.42	-0.05	0.67	0.8	0.57		0.64	0.7	0.12	0.55	0.61	-0.21	0.35	0.81	0.27	-0.71	0.89	0.71	-0.68	0.8	-0.14	-0.12	-0.77
Net Debt	0.76	0.85	0.35	0.33	0.31	0.78	0.58	0.78	0.64		0.83	-0.18	0.03	0.83	-0.46	0.33	0.84	0.16	-0.76	0.53	0.81	-0.93	0.84	-0.12	-0.64	-0.93
Retained Earnings	0.9	0.9	0.4	0.38	0.5	0.88	0.79	0.91	0.7	0.83		0.02	0.18	0.95	-0.48	0.12	0.91	0.2	-0.63	0.62	1.0	-0.87	0.9	0.05	-0.4	-0.9
Accounts Payable	0.35	0.02	0.39	0.84	0.34	-0.2	0.34	0.2	0.12	-0.18	0.02		0.48	0.12	-0.21	-0.41	0.02	0.89	-0.13	0.25	0.01	0.3	0.06	-0.06	0.01	0.18
Cash	0.36	0.27	0.15	0.53	0.02	0.06	0.58	0.19	0.55	0.03	0.18	0.48		0.14	-0.41	-0.14	0.3	0.44	-0.29	0.63	0.18	-0.01	0.32	-0.52	0.09	-0.2
Non Current Assets Total	0.96	0.88	0.55	0.49	0.63	0.84	0.72	0.99	0.61	0.83	0.95	0.12	0.14		-0.57	0.11	0.88	0.32	-0.71	0.49	0.95	-0.8	0.88	0.04	-0.41	-0.81
Non Currrent Assets Other	-0.64	-0.37	-0.38	-0.45	-0.76	-0.36	-0.58	-0.62	-0.21	-0.46	-0.48	-0.21	-0.41	-0.57		0.32	-0.39	-0.42	0.29	-0.33	-0.45	0.28	-0.41	0.49	0.62	0.37
Other Assets	0.03	0.33	0.08	-0.2	-0.38	0.21	-0.05	0.11	0.35	0.33	0.12	-0.41	-0.14	0.11	0.32		0.32	-0.23	-0.47	0.05	0.12	-0.34	0.31	0.42	0.02	-0.26
Long Term Debt	0.86	1.0	0.26	0.38	0.25	0.88	0.76	0.85	0.81	0.84	0.91	0.02	0.3	0.88	-0.39	0.32		0.17	-0.77	0.69	0.91	-0.84	0.99	0.02	-0.3	-0.9
Net Receivables	0.52	0.17	0.56	0.93	0.48	-0.05	0.48	0.38	0.27	0.16	0.2	0.89	0.44	0.32	-0.42	-0.23	0.17		-0.33	0.37	0.18	0.05	0.23	-0.12	-0.35	-0.06
Good Will	-0.73	-0.8	-0.58	-0.56	-0.15	-0.57	-0.47	-0.74	-0.71	-0.76	-0.63	-0.13	-0.29	-0.71	0.29	-0.47	-0.77	-0.33		-0.51	-0.62	0.7	-0.79	-0.01	0.33	0.69
Common Stock Total Equity	0.57	0.68	0.16	0.47	-0.01	0.62	0.89	0.46	0.89	0.53	0.62	0.25	0.63	0.49	-0.33	0.05	0.69	0.37	-0.51		0.62	-0.51	0.7	-0.31	-0.27	-0.67
Retained Earnings Total Equity	0.89	0.91	0.39	0.36	0.48	0.89	0.79	0.9	0.71	0.81	1.0	0.01	0.18	0.95	-0.45	0.12	0.91	0.18	-0.62	0.62		-0.86	0.9	0.07	-0.35	-0.89
Common Stock Shares Outstanding	-0.7	-0.85	-0.27	-0.18	-0.19	-0.82	-0.53	-0.72	-0.68	-0.93	-0.87	0.3	-0.01	-0.8	0.28	-0.34	-0.84	0.05	0.7	-0.51	-0.86		-0.83	0.05	0.41	0.97
Non Current Liabilities Total	0.88	0.99	0.3	0.43	0.27	0.87	0.77	0.86	0.8	0.84	0.9	0.06	0.32	0.88	-0.41	0.31	0.99	0.23	-0.79	0.7	0.9	-0.83		0.0	-0.32	-0.89
Inventory	-0.06	0.04	0.12	-0.18	0.01	-0.01	-0.2	0.07	-0.14	-0.12	0.05	-0.06	-0.52	0.04	0.49	0.42	0.02	-0.12	-0.01	-0.31	0.07	0.05	0.0		0.18	0.14
Other Current Assets	-0.41	-0.31	-0.24	-0.32	-0.49	-0.28	-0.36	-0.41	-0.12	-0.64	-0.4	0.01	0.09	-0.41	0.62	0.02	-0.3	-0.35	0.33	-0.27	-0.35	0.41	-0.32	0.18		0.46
Other Stockholder Equity	-0.75	-0.9	-0.2	-0.27	-0.2	-0.84	-0.69	-0.73	-0.77	-0.93	-0.9	0.18	-0.2	-0.81	0.37	-0.26	-0.9	-0.06	0.69	-0.67	-0.89	0.97	-0.89	0.14	0.46

Click cells to compare fundamentals

Phillips Account Relationship Matchups

Phillips fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	58.7B	54.7B	55.6B	76.4B	75.5B	59.2B
Short Long Term Debt Total	11.8B	15.9B	14.4B	17.2B	19.4B	10.4B
Other Current Liab	1.5B	1.6B	1.6B	2.6B	2.3B	1.7B
Total Current Liabilities	11.6B	9.5B	12.8B	15.9B	15.9B	12.6B
Total Stockholder Equity	24.9B	19.0B	19.2B	29.5B	31.7B	26.4B
Other Liab	7.9B	7.9B	7.5B	9.0B	10.4B	5.7B
Net Tangible Assets	20.8B	16.7B	15.9B	27.2B	31.3B	19.4B
Property Plant And Equipment Net	23.8B	23.7B	22.4B	35.2B	35.7B	23.5B
Current Deferred Revenue	979M	1.4B	1.3B	1.4B	1.2B	988.4M
Noncontrolling Interest In Consolidated Entity	2.3B	2.5B	2.5B	4.6B	5.3B	5.6B
Net Debt	10.1B	13.4B	11.3B	11.1B	16.0B	16.8B
Retained Earnings	22.1B	16.5B	16.2B	25.4B	30.6B	16.1B
Accounts Payable	8.6B	5.5B	8.5B	11.3B	10.9B	7.0B
Cash	1.6B	2.5B	3.1B	6.1B	3.3B	3.6B
Non Current Assets Total	44.3B	41.4B	40.9B	54.5B	55.6B	42.3B
Non Currrent Assets Other	1.8B	1.8B	1.7B	(4.3B)	(5.0B)	(4.7B)
Other Assets	674M	39.2B	1.6B	1.1B	1.3B	1.2B
Long Term Debt	11.2B	14.7B	12.7B	16.4B	17.9B	9.8B
Net Receivables	8.5B	6.5B	7.5B	11.0B	11.7B	9.2B
Retained Earnings Total Equity	22.1B	16.5B	16.2B	25.4B	29.2B	14.6B
Common Stock Shares Outstanding	453.9M	439.5M	440.4M	473.7M	453.2M	430.8M
Liabilities And Stockholders Equity	58.7B	54.7B	55.6B	76.4B	75.5B	59.2B
Non Current Liabilities Total	19.9B	23.7B	21.2B	26.4B	28.0B	18.7B
Inventory	3.8B	3.9B	3.4B	3.3B	3.8B	2.8B
Other Current Assets	495M	347M	686M	1.5B	(3.3B)	(3.2B)
Other Stockholder Equity	3.6B	3.3B	3.4B	4.5B	315M	299.3M
Total Liab	31.6B	33.2B	34.0B	42.3B	43.9B	31.4B
Deferred Long Term Liab	7.0B	6.8B	6.4B	8.0B	9.2B	4.9B
Long Term Investments	14.6B	13.6B	14.5B	15.0B	14.9B	13.4B
Property Plant And Equipment Gross	23.8B	23.7B	39.8B	53.0B	55.2B	58.0B
Short Long Term Debt	547M	971M	1.5B	529M	1.5B	1.6B
Total Current Assets	14.4B	13.3B	14.7B	21.9B	19.9B	16.9B
Accumulated Other Comprehensive Income	(788M)	(789M)	(445M)	(460M)	(282M)	(296.1M)
Treasury Stock	(15.0B)	(16.7B)	(17.1B)	(15.3B)	(13.7B)	(14.4B)
Short Term Debt	547M	987M	1.5B	529M	1.5B	1.6B

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Phillips 66 using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations

Fix portfolios for free

When determining whether Phillips 66 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Phillips' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Phillips 66 Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Phillips 66 Stock:

How To Invest In Phillips

Details

Is Phillips Stock a good investment?

Details

What is Phillips' Net Worth?

Details

Largest Oil & Gas Refining & Marketing Companies

View

Largest Energy Companies

View

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phillips 66. 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.

You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

Complementary Tools for Phillips Stock analysis

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

	Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years
	Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital
	Volatility Analysis Get historical volatility and risk analysis based on latest market data
	Technical Analysis Check basic technical indicators and analysis based on most latest market data
	Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon
	Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios
	Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market.
	Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios
	Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators
	Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
	Equity Valuation Check real value of public entities based on technical and fundamental data
	Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk

Is Phillips' 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 Phillips. If investors know Phillips 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 Phillips 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

(0.28)

Dividend Share

4.2

Earnings Share

15.48

Revenue Per Share

327.454

Quarterly Revenue Growth

(0.05)

The market value of Phillips 66 is measured differently than its book value, which is the value of Phillips that is recorded on the company's balance sheet. Investors also form their own opinion of Phillips' value that differs from its market value or its book value, called intrinsic value, which is Phillips' 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 Phillips' market value can be influenced by many factors that don't directly affect Phillips' 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 Phillips' value and its price as these two are different measures arrived at by different means. Investors typically determine if Phillips is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Phillips' 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Phillips Income Before Tax vs Net Income Analysis

Income Before Tax vs Net Income

Income Before Tax vs Net Income Correlation Analysis

Correlation Coefficient

Income Before Tax

Net Income

Phillips fundamental ratios Correlations

Phillips Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Phillips fundamental ratios Accounts

Becoming a Better Investor with Macroaxis

Build Optimal Portfolios

Align your risk with return expectations

Complementary Tools for Phillips Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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

Other Stockholder Equity	- 0.93	Net Debt
Common Stock Shares Outstanding	- 0.93	Net Debt
Other Stockholder Equity	- 0.9	Long Term Debt
Other Stockholder Equity	- 0.9	Retained Earnings
Other Stockholder Equity	- 0.9	Short Long Term Debt Total
Other Stockholder Equity	- 0.89	Non Current Liabilities Total