Automatic Total Revenue vs Income Tax Expense Analysis

0HJI Stock

290.94 2.02 0.70%

Automatic Data financial indicator trend analysis is way more than just evaluating Automatic Data Processing prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Automatic Data Processing is a good investment. Please check the relationship between Automatic Data Total Revenue and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Automatic Data Processing. 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.

Total Revenue vs Income Tax Expense

Total Revenue vs Income Tax Expense Correlation Analysis

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

The correlation between Automatic Data's Total Revenue and Income Tax Expense is 0.86. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Automatic Data Processing, assuming nothing else is changed. The correlation between historical values of Automatic Data's Total Revenue 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 Total Revenue of Automatic Data Processing 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 Total Revenue i.e., Automatic Data's Total Revenue and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

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Total Revenue

Total revenue comprises all receipts Automatic Data Processing generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Income Tax Expense

Most indicators from Automatic Data's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Automatic Data Processing 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 Automatic Data Processing. 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.

Tax Provision is likely to drop to about 713 M in 2025. Selling General Administrative is likely to drop to about 3.2 B in 2025

	2022	2023	2024	2025 (projected)
Total Revenue	18.0B	19.2B	22.1B	15.2B
Depreciation And Amortization	549.3M	561.9M	646.2M	440.4M

Total Revenue Depreciation And Amortization

Automatic Data fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock
Total Assets		0.88	0.99	1.0	-0.73	0.79	0.78	0.9	-0.77	0.47	0.78	0.82	-0.31	0.48	0.93	-0.02	-0.8	0.55	0.89	0.99	-0.87	1.0	0.99	-0.23	0.86	-0.32
Short Long Term Debt Total	0.88		0.83	0.85	-0.57	0.8	0.89	0.9	-0.84	0.52	0.74	0.83	-0.22	0.52	0.88	-0.2	-0.79	0.47	0.92	0.84	-0.87	0.87	0.86	0.07	0.84	-0.25
Other Current Liab	0.99	0.83		1.0	-0.78	0.74	0.73	0.87	-0.72	0.45	0.73	0.77	-0.3	0.45	0.9	-0.04	-0.76	0.52	0.86	0.99	-0.85	1.0	0.99	-0.3	0.82	-0.29
Total Current Liabilities	1.0	0.85	1.0		-0.77	0.75	0.76	0.88	-0.73	0.44	0.74	0.78	-0.29	0.45	0.91	-0.05	-0.77	0.53	0.86	0.99	-0.86	1.0	0.99	-0.26	0.83	-0.3
Total Stockholder Equity	-0.73	-0.57	-0.78	-0.77		-0.43	-0.48	-0.58	0.49	-0.42	-0.36	-0.44	0.23	-0.43	-0.57	0.35	0.67	-0.37	-0.68	-0.76	0.72	-0.77	-0.76	0.42	-0.49	0.34
Property Plant And Equipment Net	0.79	0.8	0.74	0.75	-0.43		0.76	0.87	-0.83	0.33	0.86	0.83	0.06	0.33	0.87	0.15	-0.76	0.44	0.79	0.71	-0.84	0.77	0.73	-0.18	0.93	-0.29
Net Debt	0.78	0.89	0.73	0.76	-0.48	0.76		0.78	-0.81	0.1	0.72	0.77	-0.05	0.09	0.78	-0.11	-0.73	0.38	0.75	0.76	-0.83	0.77	0.75	0.23	0.81	-0.3
Retained Earnings	0.9	0.9	0.87	0.88	-0.58	0.87	0.78		-0.87	0.5	0.9	0.95	-0.13	0.5	0.99	0.08	-0.85	0.64	0.88	0.83	-0.91	0.89	0.86	-0.1	0.95	-0.36
Accounts Payable	-0.77	-0.84	-0.72	-0.73	0.49	-0.83	-0.81	-0.87		-0.36	-0.86	-0.85	-0.03	-0.35	-0.86	-0.16	0.81	-0.55	-0.79	-0.69	0.85	-0.75	-0.71	-0.08	-0.89	0.39
Cash	0.47	0.52	0.45	0.44	-0.42	0.33	0.1	0.5	-0.36		0.26	0.37	-0.46	1.0	0.46	-0.22	-0.53	0.52	0.62	0.43	-0.45	0.47	0.49	-0.29	0.33	-0.3
Non Current Assets Total	0.78	0.74	0.73	0.74	-0.36	0.86	0.72	0.9	-0.86	0.26		0.96	0.0	0.26	0.92	0.42	-0.73	0.52	0.77	0.67	-0.8	0.75	0.69	-0.12	0.96	-0.29
Non Currrent Assets Other	0.82	0.83	0.77	0.78	-0.44	0.83	0.77	0.95	-0.85	0.37	0.96		-0.13	0.37	0.95	0.2	-0.78	0.55	0.85	0.72	-0.86	0.8	0.75	-0.04	0.96	-0.28
Other Assets	-0.31	-0.22	-0.3	-0.29	0.23	0.06	-0.05	-0.13	-0.03	-0.46	0.0	-0.13		-0.46	-0.16	0.21	0.28	-0.36	-0.32	-0.34	0.16	-0.3	-0.35	0.06	-0.03	0.27
Cash And Short Term Investments	0.48	0.52	0.45	0.45	-0.43	0.33	0.09	0.5	-0.35	1.0	0.26	0.37	-0.46		0.46	-0.22	-0.53	0.52	0.62	0.44	-0.44	0.48	0.5	-0.3	0.32	-0.3
Net Receivables	0.93	0.88	0.9	0.91	-0.57	0.87	0.78	0.99	-0.86	0.46	0.92	0.95	-0.16	0.46		0.13	-0.82	0.62	0.88	0.87	-0.9	0.92	0.89	-0.12	0.96	-0.32
Good Will	-0.02	-0.2	-0.04	-0.05	0.35	0.15	-0.11	0.08	-0.16	-0.22	0.42	0.2	0.21	-0.22	0.13		0.04	0.19	-0.13	-0.12	0.09	-0.06	-0.11	-0.24	0.21	-0.14
Common Stock Shares Outstanding	-0.8	-0.79	-0.76	-0.77	0.67	-0.76	-0.73	-0.85	0.81	-0.53	-0.73	-0.78	0.28	-0.53	-0.82	0.04		-0.76	-0.82	-0.75	0.91	-0.79	-0.77	0.09	-0.79	0.73
Short Term Investments	0.55	0.47	0.52	0.53	-0.37	0.44	0.38	0.64	-0.55	0.52	0.52	0.55	-0.36	0.52	0.62	0.19	-0.76		0.42	0.5	-0.6	0.52	0.53	-0.08	0.48	-0.8
Non Current Liabilities Total	0.89	0.92	0.86	0.86	-0.68	0.79	0.75	0.88	-0.79	0.62	0.77	0.85	-0.32	0.62	0.88	-0.13	-0.82	0.42		0.84	-0.9	0.89	0.87	-0.18	0.87	-0.25
Other Current Assets	0.99	0.84	0.99	0.99	-0.76	0.71	0.76	0.83	-0.69	0.43	0.67	0.72	-0.34	0.44	0.87	-0.12	-0.75	0.5	0.84		-0.83	0.99	1.0	-0.23	0.77	-0.3
Other Stockholder Equity	-0.87	-0.87	-0.85	-0.86	0.72	-0.84	-0.83	-0.91	0.85	-0.45	-0.8	-0.86	0.16	-0.44	-0.9	0.09	0.91	-0.6	-0.9	-0.83		-0.88	-0.84	0.14	-0.89	0.43
Total Liab	1.0	0.87	1.0	1.0	-0.77	0.77	0.77	0.89	-0.75	0.47	0.75	0.8	-0.3	0.48	0.92	-0.06	-0.79	0.52	0.89	0.99	-0.88		0.99	-0.25	0.84	-0.3
Total Current Assets	0.99	0.86	0.99	0.99	-0.76	0.73	0.75	0.86	-0.71	0.49	0.69	0.75	-0.35	0.5	0.89	-0.11	-0.77	0.53	0.87	1.0	-0.84	0.99		-0.24	0.79	-0.31
Short Term Debt	-0.23	0.07	-0.3	-0.26	0.42	-0.18	0.23	-0.1	-0.08	-0.29	-0.12	-0.04	0.06	-0.3	-0.12	-0.24	0.09	-0.08	-0.18	-0.23	0.14	-0.25	-0.24		-0.09	0.04
Intangible Assets	0.86	0.84	0.82	0.83	-0.49	0.93	0.81	0.95	-0.89	0.33	0.96	0.96	-0.03	0.32	0.96	0.21	-0.79	0.48	0.87	0.77	-0.89	0.84	0.79	-0.09		-0.26
Common Stock	-0.32	-0.25	-0.29	-0.3	0.34	-0.29	-0.3	-0.36	0.39	-0.3	-0.29	-0.28	0.27	-0.3	-0.32	-0.14	0.73	-0.8	-0.25	-0.3	0.43	-0.3	-0.31	0.04	-0.26

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Automatic Data Account Relationship Matchups

Automatic Data fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	48.8B	63.1B	51.0B	54.4B	62.5B	47.2B
Short Long Term Debt Total	3.4B	3.6B	3.5B	3.8B	4.4B	2.5B
Other Current Liab	37.6B	54.6B	42.2B	44.3B	50.9B	37.3B
Total Current Liabilities	38.1B	55.2B	42.8B	45.1B	51.8B	38.1B
Total Stockholder Equity	5.7B	3.2B	3.5B	4.5B	4.1B	3.9B
Property Plant And Equipment Net	1.1B	1.1B	1.1B	1.1B	1.2B	978.9M
Net Debt	871.2M	2.2B	1.5B	885.2M	1.0B	1.1B
Retained Earnings	19.5B	20.7B	22.1B	23.6B	27.2B	19.0B
Accounts Payable	141.1M	110.2M	96.8M	100.6M	90.5M	107.8M
Cash	2.6B	1.4B	2.1B	2.9B	3.4B	2.4B
Non Current Assets Total	8.0B	8.3B	8.8B	8.8B	10.1B	7.3B
Non Currrent Assets Other	3.3B	3.2B	3.6B	4.1B	4.7B	2.8B
Cash And Short Term Investments	2.6B	1.5B	2.1B	2.9B	3.4B	2.4B
Net Receivables	2.7B	3.2B	3.0B	3.4B	3.9B	2.5B
Good Will	2.3B	2.3B	2.3B	2.4B	2.7B	2.4B
Common Stock Shares Outstanding	428.1M	421.1M	415.7M	412.2M	371.0M	356.4M
Liabilities And Stockholders Equity	48.8B	63.1B	51.0B	54.4B	62.5B	47.2B
Non Current Liabilities Total	5.0B	4.7B	4.7B	4.7B	5.4B	3.7B
Other Current Assets	35.4B	50.2B	37.1B	39.2B	45.1B	35.1B
Other Stockholder Equity	(13.9B)	(15.5B)	(16.4B)	(17.3B)	(15.6B)	(16.4B)
Total Liab	43.1B	59.8B	47.5B	49.8B	57.3B	41.8B
Total Current Assets	40.7B	54.8B	42.2B	45.5B	52.4B	39.9B
Accumulated Other Comprehensive Income	10.6M	(2.0B)	(2.3B)	(1.8B)	(1.6B)	(1.5B)
Short Term Debt	118.2M	232.7M	202.1M	478.7M	430.8M	524.8M
Intangible Assets	1.2B	1.3B	1.3B	1.3B	1.5B	1.0B
Current Deferred Revenue	203.9M	188.2M	188.6M	199.8M	179.8M	169.4M
Property Plant Equipment	1.2B	1.1B	1.1B	1.1B	1.2B	1.1B
Other Liab	1.9B	1.7B	1.3B	1.4B	1.2B	1.3B
Net Tangible Assets	2.2B	2.1B	(408.3M)	(173.9M)	(156.5M)	(148.7M)
Deferred Long Term Liab	2.4B	2.5B	2.6B	2.8B	3.2B	2.8B

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Automatic Total Revenue vs Income Tax Expense Analysis

Total Revenue vs Income Tax Expense

Total Revenue vs Income Tax Expense Correlation Analysis

Correlation Coefficient

Total Revenue

Income Tax Expense

Automatic Data fundamental ratios Correlations

Automatic Data Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Automatic Data fundamental ratios Accounts

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Total Current Liabilities	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Other Current Liab
Total Liab	+ 1.0	Other Current Liab
Total Liab	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash

Other Stockholder Equity	- 0.91	Retained Earnings
Other Stockholder Equity	- 0.9	Non Current Liabilities Total
Other Stockholder Equity	- 0.9	Net Receivables
Intangible Assets	- 0.89	Other Stockholder Equity
Intangible Assets	- 0.89	Accounts Payable
Total Liab	- 0.88	Other Stockholder Equity