Illinois Tax Provision from 2010 to 2024

ITW Stock  USD 271.20  3.07  1.12%   
Illinois Tool Tax Provision yearly trend continues to be fairly stable with very little volatility. Tax Provision will likely drop to about 691.5 M in 2024. Tax Provision is the amount set aside by Illinois Tool Works to cover any estimated taxes for the current period. It reflects Illinois Tool's expected tax liabilities. View All Fundamentals
 
Tax Provision  
First Reported
2019-03-31
Previous Quarter
253 M
Current Value
246 M
Quarterly Volatility
42 M
 
Covid
Check Illinois Tool financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Illinois Tool's main balance sheet or income statement drivers, such as Depreciation And Amortization of 281.8 M, Interest Expense of 279.3 M or Total Revenue of 10.8 B, as well as many indicators such as Price To Sales Ratio of 5.17, Dividend Yield of 0.0135 or PTB Ratio of 27.63. Illinois financial statements analysis is a perfect complement when working with Illinois Tool Valuation or Volatility modules.
  
Check out the analysis of Illinois Tool Correlation against competitors.

Latest Illinois Tool's Tax Provision Growth Pattern

Below is the plot of the Tax Provision of Illinois Tool Works over the last few years. It is the amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities. Illinois Tool's Tax Provision historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Illinois Tool's overall financial position and show how it may be relating to other accounts over time.
Tax Provision10 Years Trend
Pretty Stable
   Tax Provision   
       Timeline  

Illinois Tax Provision Regression Statistics

Arithmetic Mean838,031,111
Geometric Mean817,800,499
Coefficient Of Variation26.46
Mean Deviation108,254,222
Median820,000,000
Standard Deviation221,708,464
Sample Variance49154.6T
Range988M
R-Value(0.16)
Mean Square Error51563.8T
R-Squared0.03
Significance0.57
Slope(7,981,190)
Total Sum of Squares688165T

Illinois Tax Provision History

2024691.5 M
2023870 M
2022808 M
2021632 M
2020595 M
2019767 M
2018831 M

About Illinois Tool Financial Statements

Illinois Tool investors use historical fundamental indicators, such as Illinois Tool's Tax Provision, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Illinois Tool. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Tax Provision870 M691.5 M

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Additional Tools for Illinois Stock Analysis

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.