Aerospace Income Before Tax vs Total Operating Expenses Analysis

000901 Stock

10.00 0.27 2.63%

Aerospace financial indicator trend analysis is way more than just evaluating Aerospace Hi Tech prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aerospace Hi Tech is a good investment. Please check the relationship between Aerospace Income Before Tax and its Total Operating Expenses accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aerospace Hi Tech Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Income Before Tax vs Total Operating Expenses

Income Before Tax vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aerospace Hi Tech Income Before Tax account and Total Operating Expenses. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Aerospace's Income Before Tax and Total Operating Expenses is -0.23. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Aerospace Hi Tech Holding, assuming nothing else is changed. The correlation between historical values of Aerospace's Income Before Tax and Total Operating Expenses 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 Aerospace Hi Tech Holding are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Income Before Tax i.e., Aerospace's Income Before Tax and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

-0.23

Relationship Direction	Negative
Relationship Strength	Insignificant

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Income Before Tax

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

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Most indicators from Aerospace's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aerospace Hi Tech 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Aerospace Hi Tech Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

The current year's Tax Provision is expected to grow to about 20.5 M, whereas Selling General Administrative is forecasted to decline to about 204.2 M.

	2022	2023	2024	2025 (projected)
Gross Profit	1.1B	1.1B	1.3B	1.2B
Research Development	296.3M	377.9M	434.6M	305.4M

Gross Profit Research Development

Aerospace fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt	Short Term Investments	Net Tangible Assets	Good Will	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		0.04	0.98	0.97	0.97	0.23	0.96	0.94	0.94	0.94	0.97	0.65	0.98	0.85	0.94	0.97	0.86	0.53	0.91	-0.66	0.46	0.86	0.81	-0.71	0.86	-0.71
Other Current Liab	0.04		-0.12	0.18	0.21	0.45	-0.19	0.3	-0.03	0.11	-0.17	0.53	-0.13	0.26	0.0	-0.12	-0.2	0.14	0.11	0.1	0.52	-0.03	0.05	-0.46	-0.18	-0.26
Total Current Liabilities	0.98	-0.12		0.91	0.91	0.12	0.99	0.86	0.93	0.91	0.99	0.52	1.0	0.79	0.92	0.97	0.9	0.52	0.84	-0.66	0.35	0.81	0.76	-0.6	0.86	-0.63
Total Stockholder Equity	0.97	0.18	0.91		0.96	0.36	0.89	0.97	0.89	0.92	0.9	0.74	0.9	0.87	0.92	0.92	0.74	0.51	0.94	-0.59	0.59	0.9	0.83	-0.8	0.81	-0.8
Other Liab	0.97	0.21	0.91	0.96		0.36	0.87	0.95	0.87	0.94	0.88	0.75	0.91	0.92	0.85	0.89	0.81	0.46	0.87	-0.55	0.53	0.83	0.75	-0.77	0.75	-0.78
Retained Earnings	0.23	0.45	0.12	0.36	0.36		0.03	0.33	-0.06	0.41	0.06	0.73	0.07	0.65	0.08	0.04	0.14	0.31	0.14	0.46	0.54	0.37	0.21	-0.16	-0.12	-0.44
Accounts Payable	0.96	-0.19	0.99	0.89	0.87	0.03		0.84	0.95	0.87	1.0	0.45	0.99	0.72	0.94	0.98	0.87	0.49	0.86	-0.72	0.32	0.81	0.77	-0.61	0.9	-0.62
Cash	0.94	0.3	0.86	0.97	0.95	0.33	0.84		0.88	0.9	0.85	0.78	0.86	0.84	0.9	0.88	0.69	0.53	0.9	-0.62	0.56	0.81	0.78	-0.84	0.77	-0.76
Other Assets	0.94	-0.03	0.93	0.89	0.87	-0.06	0.95	0.88		0.82	0.95	0.47	0.95	0.63	0.96	0.98	0.79	0.44	0.92	-0.86	0.36	0.8	0.79	-0.73	0.92	-0.6
Net Receivables	0.94	0.11	0.91	0.92	0.94	0.41	0.87	0.9	0.82		0.88	0.71	0.89	0.91	0.82	0.87	0.84	0.55	0.8	-0.46	0.38	0.85	0.72	-0.63	0.71	-0.74
Inventory	0.97	-0.17	0.99	0.9	0.88	0.06	1.0	0.85	0.95	0.88		0.48	0.99	0.73	0.94	0.99	0.88	0.52	0.87	-0.72	0.33	0.83	0.78	-0.61	0.9	-0.62
Other Current Assets	0.65	0.53	0.52	0.74	0.75	0.73	0.45	0.78	0.47	0.71	0.48		0.51	0.83	0.55	0.51	0.48	0.46	0.63	-0.18	0.65	0.66	0.63	-0.6	0.41	-0.6
Total Liab	0.98	-0.13	1.0	0.9	0.91	0.07	0.99	0.86	0.95	0.89	0.99	0.51		0.75	0.93	0.98	0.91	0.5	0.85	-0.72	0.33	0.8	0.76	-0.61	0.88	-0.6
Intangible Assets	0.85	0.26	0.79	0.87	0.92	0.65	0.72	0.84	0.63	0.91	0.73	0.83	0.75		0.66	0.71	0.73	0.46	0.7	-0.2	0.53	0.78	0.63	-0.6	0.54	-0.78
Common Stock	0.94	0.0	0.92	0.92	0.85	0.08	0.94	0.9	0.96	0.82	0.94	0.55	0.93	0.66		0.97	0.75	0.53	0.93	-0.8	0.49	0.84	0.86	-0.69	0.91	-0.57
Property Plant Equipment	0.97	-0.12	0.97	0.92	0.89	0.04	0.98	0.88	0.98	0.87	0.99	0.51	0.98	0.71	0.97		0.85	0.47	0.91	-0.78	0.38	0.85	0.82	-0.66	0.92	-0.61
Long Term Debt	0.86	-0.2	0.9	0.74	0.81	0.14	0.87	0.69	0.79	0.84	0.88	0.48	0.91	0.73	0.75	0.85		0.51	0.64	-0.53	0.16	0.69	0.59	-0.36	0.71	-0.44
Short Term Investments	0.53	0.14	0.52	0.51	0.46	0.31	0.49	0.53	0.44	0.55	0.52	0.46	0.5	0.46	0.53	0.47	0.51		0.38	-0.25	0.19	0.37	0.32	-0.32	0.36	-0.35
Net Tangible Assets	0.91	0.11	0.84	0.94	0.87	0.14	0.86	0.9	0.92	0.8	0.87	0.63	0.85	0.7	0.93	0.91	0.64	0.38		-0.77	0.57	0.91	0.92	-0.8	0.93	-0.69
Good Will	-0.66	0.1	-0.66	-0.59	-0.55	0.46	-0.72	-0.62	-0.86	-0.46	-0.72	-0.18	-0.72	-0.2	-0.8	-0.78	-0.53	-0.25	-0.77		-0.18	-0.54	-0.67	0.57	-0.86	0.23
Other Stockholder Equity	0.46	0.52	0.35	0.59	0.53	0.54	0.32	0.56	0.36	0.38	0.33	0.65	0.33	0.53	0.49	0.38	0.16	0.19	0.57	-0.18		0.52	0.67	-0.5	0.37	-0.4
Deferred Long Term Liab	0.86	-0.03	0.81	0.9	0.83	0.37	0.81	0.81	0.8	0.85	0.83	0.66	0.8	0.78	0.84	0.85	0.69	0.37	0.91	-0.54	0.52		0.89	-0.59	0.83	-0.67
Long Term Investments	0.81	0.05	0.76	0.83	0.75	0.21	0.77	0.78	0.79	0.72	0.78	0.63	0.76	0.63	0.86	0.82	0.59	0.32	0.92	-0.67	0.67	0.89		-0.56	0.89	-0.47
Short Long Term Debt	-0.71	-0.46	-0.6	-0.8	-0.77	-0.16	-0.61	-0.84	-0.73	-0.63	-0.61	-0.6	-0.61	-0.6	-0.69	-0.66	-0.36	-0.32	-0.8	0.57	-0.5	-0.59	-0.56		-0.6	0.84
Total Current Assets	0.86	-0.18	0.86	0.81	0.75	-0.12	0.9	0.77	0.92	0.71	0.9	0.41	0.88	0.54	0.91	0.92	0.71	0.36	0.93	-0.86	0.37	0.83	0.89	-0.6		-0.49
Short Term Debt	-0.71	-0.26	-0.63	-0.8	-0.78	-0.44	-0.62	-0.76	-0.6	-0.74	-0.62	-0.6	-0.6	-0.78	-0.57	-0.61	-0.44	-0.35	-0.69	0.23	-0.4	-0.67	-0.47	0.84	-0.49

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Aerospace Account Relationship Matchups

Aerospace fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	7.3B	7.6B	8.4B	8.8B	10.1B	10.6B
Other Current Liab	447.9M	307.7M	30.1M	33.6M	38.7M	36.7M
Total Current Liabilities	1.8B	1.9B	2.3B	2.9B	3.3B	3.5B
Total Stockholder Equity	4.3B	4.2B	4.3B	4.2B	4.8B	5.1B
Other Liab	334.5M	372.1M	389.3M	393.2M	452.2M	474.8M
Retained Earnings	340.3M	364.9M	322.7M	169.5M	194.9M	326.1M
Accounts Payable	1.1B	1.3B	1.6B	2.0B	2.3B	2.4B
Cash	1.2B	1.2B	1.1B	988.3M	1.1B	1.2B
Other Assets	236.7M	298.5M	558.4M	637.7M	733.3M	770.0M
Net Receivables	943.4M	1.7B	1.2B	1.5B	1.7B	1.8B
Inventory	1.2B	1.3B	1.8B	2.0B	2.3B	2.4B
Other Current Assets	240.5M	239.9M	257.5M	161.6M	185.9M	130.8M
Total Liab	2.8B	3.2B	3.9B	4.4B	5.0B	5.3B
Intangible Assets	299.9M	308.9M	327.6M	355.6M	409.0M	429.4M
Property Plant Equipment	1.4B	1.5B	1.7B	2.0B	2.3B	2.4B
Long Term Debt	210.7M	341.5M	503.8M	502.0M	577.3M	606.2M
Net Tangible Assets	2.8B	3.8B	3.7B	3.7B	4.3B	3.1B
Good Will	383.5M	353.2M	360.8M	377.2M	339.5M	538.1M
Other Stockholder Equity	73.6M	91.1M	150.5M	(15.9M)	(18.3M)	(17.4M)
Deferred Long Term Liab	119.2M	172.4M	100.5M	140.5M	161.6M	124.8M
Short Long Term Debt	14.5M	80.7M	142.6M	231.8M	208.6M	147.1M
Total Current Assets	4.5B	4.5B	5.0B	5.2B	6.0B	4.5B
Non Current Assets Total	2.8B	3.1B	3.4B	3.6B	4.1B	3.3B
Non Currrent Assets Other	312.8M	332.8M	228.6M	271.6M	312.3M	176.5M
Non Current Liabilities Total	993.6M	1.2B	1.6B	1.5B	1.7B	1.1B
Non Current Liabilities Other	112.6M	110.2M	101.3M	149.2M	171.6M	112.4M
Net Invested Capital	4.6B	4.6B	4.9B	4.9B	5.7B	5.0B
Net Working Capital	2.7B	2.6B	2.6B	2.3B	2.6B	2.5B
Property Plant And Equipment Net	1.5B	1.7B	2.0B	2.2B	2.5B	1.9B
Property Plant And Equipment Gross	3.0B	3.3B	2.0B	4.0B	4.6B	3.3B

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Other Information on Investing in Aerospace Stock

Balance Sheet is a snapshot of the financial position of Aerospace Hi Tech at a specified time, usually calculated after every quarter, six months, or one year. Aerospace Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Aerospace and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Aerospace currently owns. An asset can also be divided into two categories, current and non-current.

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Aerospace Income Before Tax vs Total Operating Expenses Analysis

Income Before Tax vs Total Operating Expenses

Income Before Tax vs Total Operating Expenses Correlation Analysis

Correlation Coefficient

Income Before Tax

Total Operating Expenses

Aerospace fundamental ratios Correlations

Aerospace Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Aerospace fundamental ratios Accounts

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Other Information on Investing in Aerospace Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Inventory	+ 1.0	Accounts Payable
Accounts Payable	+ 0.99	Total Current Liabilities
Inventory	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Accounts Payable
Total Liab	+ 0.99	Inventory

Total Current Assets	- 0.86	Good Will
Good Will	- 0.86	Other Assets
Short Long Term Debt	- 0.84	Cash
Short Long Term Debt	- 0.8	Net Tangible Assets
Good Will	- 0.8	Common Stock
Short Term Debt	- 0.8	Total Stockholder Equity