Phillips Income Tax Expense vs Ebit 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 Tax Expense and its Ebit 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 Tax Expense vs Ebit

Income Tax Expense vs Ebit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Phillips 66 Income Tax Expense account and Ebit. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Phillips' Income Tax Expense and Ebit is 0.81. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Ebit 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 Tax Expense and Ebit 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 Tax Expense of Phillips 66 are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Income Tax Expense i.e., Phillips' Income Tax Expense and Ebit go up and down completely randomly.

Correlation Coefficient

0.81

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Income Tax Expense

Ebit

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

Phillips Investors Sentiment

The influence of Phillips' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Phillips. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Phillips' public news can be used to forecast risks associated with an investment in Phillips. The trend in average sentiment can be used to explain how an investor holding Phillips can time the market purely based on public headlines and social activities around Phillips 66. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Phillips' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Phillips' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Phillips' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Phillips.

Phillips Implied Volatility

30.69

Phillips' implied volatility exposes the market's sentiment of Phillips 66 stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Phillips' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Phillips stock will not fluctuate a lot when Phillips' options are near their expiration.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Phillips in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Phillips' short interest history, or implied volatility extrapolated from Phillips options trading.

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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

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Is Phillips Stock a good investment?

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What is Phillips' Net Worth?

Details

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Largest Energy Companies

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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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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.

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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

15.47

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.

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Phillips Income Tax Expense vs Ebit Analysis

Income Tax Expense vs Ebit

Income Tax Expense vs Ebit Correlation Analysis

Correlation Coefficient

Income Tax Expense

Ebit

Phillips fundamental ratios Correlations

Phillips Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Phillips fundamental ratios Accounts

Phillips Investors Sentiment

Phillips Implied Volatility

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