Spectrum Net Income vs Income Tax Expense Analysis
SPB Stock | USD 92.33 0.14 0.15% |
Spectrum Brands financial indicator trend analysis is much more than just breaking down Spectrum Brands Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spectrum Brands Holdings is a good investment. Please check the relationship between Spectrum Brands Net Income and its Income Tax Expense accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spectrum Brands Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
Net Income vs Income Tax Expense
Net Income vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spectrum Brands Holdings Net Income account and Income Tax Expense. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Spectrum Brands' Net Income and Income Tax Expense is -0.33. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Spectrum Brands Holdings, assuming nothing else is changed. The correlation between historical values of Spectrum Brands' Net Income and Income Tax Expense 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 Income of Spectrum Brands Holdings are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Net Income i.e., Spectrum Brands' Net Income and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | -0.33 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Spectrum Brands Holdings financial statement analysis. It represents the amount of money remaining after all of Spectrum Brands Holdings operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Income Tax Expense
Most indicators from Spectrum Brands' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spectrum Brands Holdings 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Spectrum Brands Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. At present, Spectrum Brands' Discontinued Operations is projected to increase significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.17, whereas Selling General Administrative is forecasted to decline to about 330.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 3.1B | 2.9B | 3.4B | 1.8B | Interest Expense | 99.4M | 127M | 146.1M | 105.8M |
Spectrum Brands fundamental ratios Correlations
Click cells to compare fundamentals
Spectrum Brands Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Spectrum Brands fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.1B | 5.3B | 5.8B | 5.3B | 6.0B | 7.2B | |
Short Long Term Debt Total | 2.6B | 2.6B | 3.2B | 1.7B | 1.9B | 1.7B | |
Other Current Liab | 205.6M | 666.2M | 722.7M | 178.4M | 205.2M | 194.9M | |
Total Current Liabilities | 944.9M | 1.2B | 1.2B | 764.8M | 879.5M | 1.2B | |
Total Stockholder Equity | 1.4B | 1.5B | 1.3B | 2.5B | 2.9B | 3.0B | |
Property Plant And Equipment Net | 500.3M | 316.7M | 346.3M | 385.9M | 443.8M | 331.5M | |
Net Debt | 2.0B | 2.4B | 3.0B | 897.2M | 1.0B | 1.2B | |
Retained Earnings | 243.9M | 359.9M | 362.1M | 2.1B | 2.4B | 2.5B | |
Cash | 531.6M | 187.9M | 243.7M | 753.9M | 867.0M | 910.3M | |
Non Current Assets Total | 3.4B | 2.4B | 2.5B | 2.3B | 2.7B | 3.6B | |
Non Currrent Assets Other | (17.1M) | 38.8M | (21.8M) | 31.8M | 36.6M | 34.7M | |
Cash And Short Term Investments | 531.6M | 187.9M | 243.7M | 1.9B | 2.1B | 2.4B | |
Net Receivables | 575.3M | 312.1M | 343.1M | 561.6M | 645.8M | 678.1M | |
Common Stock Shares Outstanding | 44.7M | 43.2M | 40.9M | 39.5M | 45.4M | 47.7M | |
Liabilities And Stockholders Equity | 5.1B | 5.3B | 5.8B | 5.3B | 6.0B | 7.2B | |
Non Current Liabilities Total | 2.7B | 2.7B | 3.3B | 2.0B | 2.3B | 2.2B | |
Inventory | 557.7M | 562.8M | 780.6M | 462.8M | 532.2M | 558.8M | |
Other Current Assets | 63.5M | 40.8M | 1.9B | 44.3M | 50.9M | 48.4M | |
Other Stockholder Equity | 1.4B | 1.3B | 1.2B | 670.5M | 771.1M | 679.3M | |
Total Liab | 3.7B | 3.9B | 4.5B | 2.7B | 3.2B | 3.0B | |
Property Plant And Equipment Gross | 500.3M | 316.7M | 346.3M | 385.9M | 443.8M | 333.7M | |
Total Current Assets | 1.7B | 2.9B | 3.2B | 2.9B | 3.4B | 3.8B | |
Accumulated Other Comprehensive Income | (284.7M) | (235.3M) | (303.1M) | (249.4M) | (286.8M) | (272.5M) | |
Short Term Debt | 15.3M | 12M | 12.3M | 8.6M | 7.7M | 7.4M | |
Accounts Payable | 557.5M | 388.6M | 453.1M | 396.6M | 456.1M | 478.9M | |
Intangible Assets | 1.4B | 1.2B | 1.2B | 1.1B | 1.2B | 1.7B | |
Other Liab | 196.8M | 158.5M | 117.9M | 332.8M | 382.7M | 363.6M | |
Other Assets | 48.3M | 38.8M | 38.7M | 31.8M | 36.6M | 34.7M | |
Long Term Debt | 2.5B | 2.5B | 3.1B | 1.5B | 1.8B | 1.8B | |
Treasury Stock | (260.9M) | (606.5M) | (717M) | (828.8M) | (745.9M) | (708.6M) | |
Property Plant Equipment | 396.5M | 316.7M | 346.3M | 385.9M | 443.8M | 369.4M | |
Net Tangible Assets | (1.4B) | (599.4M) | (892.1M) | 602.8M | 693.2M | 727.9M | |
Current Deferred Revenue | 332.2M | 166.5M | 97.3M | 181.2M | 163.1M | 141.5M | |
Good Will | 1.3B | 867.2M | 953.1M | 854.7M | 769.2M | 1.1B |
Also Currently Popular
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.MSFT | Microsoft | |
GM | General Motors | |
CRM | Salesforce |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spectrum Brands Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for Spectrum Stock analysis
When running Spectrum Brands' price analysis, check to measure Spectrum Brands' 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 Spectrum Brands is operating at the current time. Most of Spectrum Brands' value examination focuses on studying past and present price action to predict the probability of Spectrum Brands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spectrum Brands' price. Additionally, you may evaluate how the addition of Spectrum Brands to your portfolios can decrease your overall portfolio volatility.
Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing |
Is Spectrum Brands' 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 Spectrum Brands. If investors know Spectrum 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 Spectrum Brands 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 0.263 | Dividend Share 1.68 | Earnings Share (1.01) | Revenue Per Share 82.251 | Quarterly Revenue Growth (0.01) |
The market value of Spectrum Brands Holdings is measured differently than its book value, which is the value of Spectrum that is recorded on the company's balance sheet. Investors also form their own opinion of Spectrum Brands' value that differs from its market value or its book value, called intrinsic value, which is Spectrum Brands' 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 Spectrum Brands' market value can be influenced by many factors that don't directly affect Spectrum Brands' 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 Spectrum Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine if Spectrum Brands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spectrum Brands' 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.