Universal Net Income vs Income Before Tax Analysis
UVV Stock | USD 54.07 0.26 0.48% |
Universal financial indicator trend analysis is much more than just breaking down Universal prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Universal is a good investment. Please check the relationship between Universal Net Income and its Income Before Tax accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Universal. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy Universal Stock please use our How to Invest in Universal guide.
Net Income vs Income Before Tax
Net Income vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Universal Net Income account and Income Before Tax. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Universal's Net Income and Income Before Tax is 0.86. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Universal, assuming nothing else is changed. The correlation between historical values of Universal's Net Income and Income Before Tax 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 Universal are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Net Income i.e., Universal's Net Income and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Universal financial statement analysis. It represents the amount of money remaining after all of Universal operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Universal income statement and is an important metric when analyzing Universal 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.Most indicators from Universal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Universal 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 Universal. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy Universal Stock please use our How to Invest in Universal guide.Selling General Administrative is likely to drop to about 223 M in 2024. Tax Provision is likely to drop to about 10 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 408.9M | 458.3M | 412.5M | 438.6M | Total Revenue | 2.1B | 2.6B | 2.3B | 2.1B |
Universal fundamental ratios Correlations
Click cells to compare fundamentals
Universal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Universal fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.1B | 2.3B | 2.6B | 2.6B | 3.0B | 2.1B | |
Short Long Term Debt Total | 482.5M | 647.1M | 741.1M | 849.3M | 764.4M | 511.6M | |
Other Current Liab | 29.0M | 34.4M | 34.7M | 142.9M | 128.6M | 83.5M | |
Total Current Liabilities | 267.4M | 293.2M | 518.7M | 442.0M | 397.8M | 474.0M | |
Total Stockholder Equity | 1.2B | 1.3B | 1.3B | 1.4B | 1.6B | 918.3M | |
Property Plant And Equipment Net | 354.4M | 380.7M | 385.4M | 391.7M | 450.4M | 353.6M | |
Net Debt | 375.1M | 449.9M | 659.5M | 784.6M | 706.2M | 394.8M | |
Retained Earnings | 1.1B | 1.1B | 1.1B | 1.1B | 1.3B | 741.5M | |
Cash | 107.4M | 197.2M | 81.6M | 64.7M | 74.4M | 70.7M | |
Non Current Assets Total | 641.3M | 786.6M | 838.3M | 836.3M | 961.7M | 685.5M | |
Non Currrent Assets Other | 43.7M | 64.1M | 53.8M | 61.3M | 55.2M | 90.6M | |
Cash And Short Term Investments | 107.4M | 197.2M | 81.6M | 64.7M | 74.4M | 70.7M | |
Net Receivables | 352.2M | 368.1M | 390.0M | 414.3M | 476.4M | 401.2M | |
Common Stock Shares Outstanding | 25.1M | 24.8M | 24.9M | 24.9M | 22.4M | 23.7M | |
Liabilities And Stockholders Equity | 2.1B | 2.3B | 2.6B | 2.6B | 3.0B | 2.1B | |
Non Current Liabilities Total | 564.2M | 700.3M | 682.9M | 760.2M | 874.3M | 552.8M | |
Inventory | 806.6M | 786.6M | 1.0B | 1.0B | 1.2B | 721.6M | |
Other Current Assets | 67.5M | 66.8M | 116.8M | 99.8M | 114.8M | 87.6M | |
Other Stockholder Equity | 403K | 550.2M | (84.3M) | (77.1M) | (69.4M) | (65.9M) | |
Total Liab | 831.6M | 993.5M | 1.2B | 1.2B | 1.4B | 1.2B | |
Property Plant And Equipment Gross | 354.4M | 380.7M | 986.3M | 1.0B | 1.2B | 1.2B | |
Total Current Assets | 1.5B | 1.6B | 1.7B | 1.8B | 2.1B | 1.5B | |
Accumulated Other Comprehensive Income | (151.6M) | (107.0M) | (84.3M) | (77.1M) | (88.6M) | (93.0M) | |
Short Term Debt | 87.9M | 109.2M | 192.9M | 207.0M | 186.3M | 228.5M | |
Intangible Assets | 17.9M | 72.3M | 92.6M | 80.1M | 92.1M | 105.6M | |
Accounts Payable | 140.3M | 140.8M | 277.4M | 89.0M | 80.1M | 76.1M | |
Common Stock Total Equity | 321.5M | 326.7M | 330.7M | 337.2M | 387.8M | 233.1M | |
Common Stock | 321.5M | 326.7M | 330.7M | 337.2M | 387.8M | 221.2M | |
Other Liab | 124.7M | 132.4M | 162.4M | 133.5M | 153.6M | 164.6M | |
Other Assets | 64.7M | 76.3M | 65.4M | 74.4M | 67.0M | 92.9M | |
Long Term Debt | 368.8M | 518.2M | 518.5M | 616.8M | 555.1M | 351.1M | |
Good Will | 126.8M | 173.1M | 214.0M | 213.9M | 246.0M | 133.0M | |
Property Plant Equipment | 315.2M | 349.5M | 345.1M | 351.2M | 316.0M | 289.4M | |
Current Deferred Revenue | 10.2M | 8.8M | 13.7M | 3.1M | 2.8M | 2.6M | |
Net Tangible Assets | 1.1B | 1.1B | 1.0B | 1.1B | 1.3B | 1.2B | |
Noncontrolling Interest In Consolidated Entity | 42.6M | 41.1M | 44.2M | 39.9M | 45.8M | 39.3M | |
Retained Earnings Total Equity | 1.1B | 1.1B | 1.1B | 1.1B | 1.3B | 1.1B |
Pair Trading with Universal
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Universal position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Universal will appreciate offsetting losses from the drop in the long position's value.Moving together with Universal Stock
0.91 | PM | Philip Morris Intern | PairCorr |
0.83 | CCU | Compania Cervecerias | PairCorr |
Moving against Universal Stock
0.7 | PAVS | Paranovus Entertainment | PairCorr |
0.64 | HPCO | Hempacco | PairCorr |
0.6 | EL | Estee Lauder Companies Fiscal Year End 16th of August 2024 | PairCorr |
0.59 | ABEV | Ambev SA ADR Aggressive Push | PairCorr |
0.57 | GO | Grocery Outlet Holding | PairCorr |
The ability to find closely correlated positions to Universal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Universal when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Universal - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Universal to buy it.
The correlation of Universal is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Universal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Universal moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Universal can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Universal. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy Universal Stock please use our How to Invest in Universal guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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When running Universal's price analysis, check to measure Universal'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 Universal is operating at the current time. Most of Universal's value examination focuses on studying past and present price action to predict the probability of Universal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Universal's price. Additionally, you may evaluate how the addition of Universal to your portfolios can decrease your overall portfolio volatility.
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Is Universal'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 Universal. If investors know Universal 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 Universal 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 0.269 | Dividend Share 3.19 | Earnings Share 5.32 | Revenue Per Share 107.58 | Quarterly Revenue Growth 0.033 |
The market value of Universal is measured differently than its book value, which is the value of Universal that is recorded on the company's balance sheet. Investors also form their own opinion of Universal's value that differs from its market value or its book value, called intrinsic value, which is Universal'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 Universal's market value can be influenced by many factors that don't directly affect Universal'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 Universal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Universal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Universal'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.