International Ebit vs Operating Income Analysis

IBM Stock

34.19 0.10 0.29%

International Business financial indicator trend analysis is infinitely more than just investigating International Business recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether International Business is a good investment. Please check the relationship between International Business Ebit and its Operating Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Business Machines. 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.

Ebit vs Operating Income

Ebit vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of International Business Ebit account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between International Business' Ebit and Operating Income is 0.97. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Operating Income in the same time period over historical financial statements of International Business Machines, assuming nothing else is changed. The correlation between historical values of International Business' Ebit and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of International Business Machines are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Ebit i.e., International Business' Ebit and Operating Income go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Ebit

Operating Income

Operating Income is the amount of profit realized from International Business operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of International Business Machines is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from International Business' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into International Business 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Business Machines. 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.

As of the 29th of December 2024, Tax Provision is likely to grow to about 1.2 B, though Discontinued Operations is likely to grow to (122.3 M).

	2021	2022	2023	2024 (projected)
Gross Profit	31.5B	32.7B	34.3B	27.7B
Total Revenue	57.4B	60.5B	61.9B	54.7B

Gross Profit Total Revenue

International Business fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Net Invested Capital	Long Term Investments
Total Assets		0.35	0.32	0.37	0.43	-0.61	0.6	0.48	-0.4	-0.08	0.6	-0.2	0.57	0.61	-0.06	0.53	-0.41	0.09	0.97	0.21	0.33	-0.08	0.99	-0.3	0.57	-0.2
Other Current Liab	0.35		0.7	-0.56	0.81	0.2	-0.27	0.78	0.42	-0.19	-0.3	-0.79	0.01	-0.35	0.32	-0.41	-0.8	0.69	0.23	0.97	0.4	-0.63	0.43	0.42	-0.41	-0.83
Total Current Liabilities	0.32	0.7		-0.71	0.79	0.54	-0.48	0.9	0.72	0.41	-0.51	-0.86	-0.07	-0.49	0.61	-0.62	-0.82	0.1	0.12	0.76	0.73	-0.91	0.42	0.7	-0.5	-0.86
Total Stockholder Equity	0.37	-0.56	-0.71		-0.53	-0.86	0.85	-0.58	-0.93	-0.19	0.9	0.8	0.52	0.92	-0.64	0.95	0.58	-0.15	0.53	-0.7	-0.42	0.82	0.26	-0.85	0.92	0.81
Other Liab	0.43	0.81	0.79	-0.53		0.17	-0.09	0.68	0.4	0.07	-0.14	-0.9	0.24	-0.18	0.37	-0.33	-0.59	0.28	0.35	0.87	0.67	-0.85	0.56	0.52	-0.2	-0.89
Net Tangible Assets	-0.61	0.2	0.54	-0.86	0.17		-0.96	0.32	0.93	0.49	-0.96	-0.44	-0.57	-0.94	0.54	-0.96	-0.32	-0.04	-0.76	0.36	0.31	-0.62	-0.54	0.8	-0.9	-0.44
Net Debt	0.6	-0.27	-0.48	0.85	-0.09	-0.96		-0.37	-0.87	-0.37	0.97	0.41	0.6	0.97	-0.43	0.93	0.41	-0.04	0.76	-0.39	-0.26	0.5	0.55	-0.66	0.96	0.43
Retained Earnings	0.48	0.78	0.9	-0.58	0.68	0.32	-0.37		0.56	0.09	-0.4	-0.79	-0.16	-0.4	0.59	-0.47	-0.98	0.3	0.29	0.75	0.51	-0.7	0.54	0.51	-0.43	-0.81
Accounts Payable	-0.4	0.42	0.72	-0.93	0.4	0.93	-0.87	0.56		0.33	-0.94	-0.65	-0.63	-0.91	0.78	-0.98	-0.55	0.13	-0.57	0.54	0.31	-0.79	-0.3	0.94	-0.88	-0.67
Cash	-0.08	-0.19	0.41	-0.19	0.07	0.49	-0.37	0.09	0.33		-0.27	-0.04	0.24	-0.19	-0.01	-0.29	0.04	-0.57	-0.18	-0.06	0.66	-0.35	-0.04	0.24	-0.14	0.0
Non Current Assets Total	0.6	-0.3	-0.51	0.9	-0.14	-0.96	0.97	-0.4	-0.94	-0.27		0.47	0.72	0.99	-0.6	0.98	0.44	-0.11	0.76	-0.41	-0.17	0.57	0.54	-0.78	0.98	0.49
Non Currrent Assets Other	-0.2	-0.79	-0.86	0.8	-0.9	-0.44	0.41	-0.79	-0.65	-0.04	0.47		0.11	0.52	-0.57	0.61	0.75	-0.2	-0.07	-0.88	-0.63	0.91	-0.33	-0.68	0.54	1.0
Other Assets	0.57	0.01	-0.07	0.52	0.24	-0.57	0.6	-0.16	-0.63	0.24	0.72	0.11		0.7	-0.7	0.63	0.26	-0.22	0.65	-0.01	0.48	0.13	0.58	-0.57	0.68	0.16
Long Term Debt	0.61	-0.35	-0.49	0.92	-0.18	-0.94	0.97	-0.4	-0.91	-0.19	0.99	0.52	0.7		-0.56	0.97	0.45	-0.15	0.76	-0.47	-0.18	0.57	0.54	-0.76	0.99	0.54
Net Receivables	-0.06	0.32	0.61	-0.64	0.37	0.54	-0.43	0.59	0.78	-0.01	-0.6	-0.57	-0.7	-0.56		-0.65	-0.58	0.19	-0.2	0.36	0.0	-0.66	0.01	0.86	-0.52	-0.6
Good Will	0.53	-0.41	-0.62	0.95	-0.33	-0.96	0.93	-0.47	-0.98	-0.29	0.98	0.61	0.63	0.97	-0.65		0.48	-0.15	0.68	-0.55	-0.28	0.72	0.44	-0.88	0.95	0.63
Common Stock Shares Outstanding	-0.41	-0.8	-0.82	0.58	-0.59	-0.32	0.41	-0.98	-0.55	0.04	0.44	0.75	0.26	0.45	-0.58	0.48		-0.39	-0.22	-0.74	-0.39	0.61	-0.45	-0.47	0.5	0.78
Short Term Investments	0.09	0.69	0.1	-0.15	0.28	-0.04	-0.04	0.3	0.13	-0.57	-0.11	-0.2	-0.22	-0.15	0.19	-0.15	-0.39		0.07	0.57	-0.33	-0.07	0.09	0.18	-0.19	-0.28
Non Current Liabilities Total	0.97	0.23	0.12	0.53	0.35	-0.76	0.76	0.29	-0.57	-0.18	0.76	-0.07	0.65	0.76	-0.2	0.68	-0.22	0.07		0.09	0.21	0.07	0.95	-0.44	0.72	-0.06
Inventory	0.21	0.97	0.76	-0.7	0.87	0.36	-0.39	0.75	0.54	-0.06	-0.41	-0.88	-0.01	-0.47	0.36	-0.55	-0.74	0.57	0.09		0.52	-0.77	0.31	0.55	-0.51	-0.9
Other Current Assets	0.33	0.4	0.73	-0.42	0.67	0.31	-0.26	0.51	0.31	0.66	-0.17	-0.63	0.48	-0.18	0.0	-0.28	-0.39	-0.33	0.21	0.52		-0.68	0.42	0.26	-0.19	-0.58
Other Stockholder Equity	-0.08	-0.63	-0.91	0.82	-0.85	-0.62	0.5	-0.7	-0.79	-0.35	0.57	0.91	0.13	0.57	-0.66	0.72	0.61	-0.07	0.07	-0.77	-0.68		-0.21	-0.85	0.55	0.9
Total Liab	0.99	0.43	0.42	0.26	0.56	-0.54	0.55	0.54	-0.3	-0.04	0.54	-0.33	0.58	0.54	0.01	0.44	-0.45	0.09	0.95	0.31	0.42	-0.21		-0.19	0.51	-0.32
Deferred Long Term Liab	-0.3	0.42	0.7	-0.85	0.52	0.8	-0.66	0.51	0.94	0.24	-0.78	-0.68	-0.57	-0.76	0.86	-0.88	-0.47	0.18	-0.44	0.55	0.26	-0.85	-0.19		-0.71	-0.7
Net Invested Capital	0.57	-0.41	-0.5	0.92	-0.2	-0.9	0.96	-0.43	-0.88	-0.14	0.98	0.54	0.68	0.99	-0.52	0.95	0.5	-0.19	0.72	-0.51	-0.19	0.55	0.51	-0.71		0.57
Long Term Investments	-0.2	-0.83	-0.86	0.81	-0.89	-0.44	0.43	-0.81	-0.67	0.0	0.49	1.0	0.16	0.54	-0.6	0.63	0.78	-0.28	-0.06	-0.9	-0.58	0.9	-0.32	-0.7	0.57

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International Business Account Relationship Matchups

International Business fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	152.2B	156.0B	132.0B	127.2B	135.2B	110.1B
Other Current Liab	15.3B	19.8B	14.9B	14.8B	1M	950K
Total Current Liabilities	37.7B	39.9B	33.6B	31.5B	34.1B	28.7B
Total Stockholder Equity	20.8B	20.6B	18.9B	21.9B	22.5B	22.3B
Other Liab	35.5B	38.4B	32.0B	25.3B	22.8B	26.2B
Net Tangible Assets	(52.6B)	(46.9B)	(49.3B)	(45.2B)	(40.7B)	(42.7B)
Net Debt	54.7B	48.3B	45.1B	43.1B	43.5B	49.3B
Retained Earnings	163.0B	162.7B	154.2B	149.8B	151.3B	125.4B
Accounts Payable	4.9B	4.0B	4.0B	4.1B	4.1B	3.7B
Cash	8.2B	13.2B	6.7B	7.9B	13.1B	11.1B
Non Current Assets Total	113.8B	116.8B	102.5B	98.1B	102.3B	111.4B
Non Currrent Assets Other	321M	227M	237M	1.6B	1.6B	1.7B
Other Assets	16.4B	32.2B	18.2B	15.4B	17.7B	21.3B
Long Term Debt	54.1B	54.4B	44.9B	46.2B	50.1B	52.3B
Net Receivables	10.1B	5.8B	6.8B	6.5B	7.2B	6.0B
Good Will	58.2B	59.6B	55.6B	55.9B	60.2B	59.7B
Common Stock Shares Outstanding	887.1M	892.7M	898.1M	906.1M	915.0M	988.4M
Non Current Liabilities Total	93.5B	95.4B	79.4B	73.7B	78.5B	65.2B
Inventory	1.6B	1.8B	1.6B	1.6B	1.2B	1.3B
Other Current Assets	2.2B	4.2B	2.6B	1.5B	2.6B	2.1B
Other Stockholder Equity	(28.6B)	(29.3B)	(23.2B)	(16.7B)	(19.3B)	(20.2B)
Total Liab	131.2B	135.2B	113.0B	105.2B	112.6B	93.8B
Deferred Long Term Liab	2.5B	1.2B	924M	866M	779.4M	1.3B
Net Invested Capital	83.7B	82.1B	70.6B	72.9B	79.1B	82.7B
Short Long Term Debt	8.8B	7.2B	6.8B	4.8B	6.4B	5.9B
Total Current Assets	38.4B	39.2B	29.5B	29.1B	32.9B	29.1B
Capital Stock	55.9B	56.6B	57.3B	58.3B	59.6B	62.9B
Non Current Liabilities Other	1.2B	1.4B	1.3B	12.2B	1.2B	1.1B
Net Working Capital	719M	(704M)	(4.1B)	(2.4B)	(1.2B)	(1.2B)
Intangible Assets	15.2B	13.8B	12.5B	11.2B	11.0B	12.3B
Common Stock	55.9B	56.6B	57.3B	58.3B	67.1B	62.3B
Property Plant Equipment	15.0B	9.8B	8.9B	8.2B	7.4B	8.4B

Pair Trading with International Business

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 International Business 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 International Business will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to International Business could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace International Business 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 International Business - 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 International Business Machines to buy it.

The correlation of International Business 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 International Business moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if International Business 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 International Business 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.

Pair Correlation Correlation Matching

When determining whether International Business is a strong investment it is important to analyze International Business' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact International Business' future performance. For an informed investment choice regarding International Stock, refer to the following important reports:

How To Invest In International

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Is International Stock a good investment?

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What is International Business' Net Worth?

Details

Largest IT Consulting & Other Services Companies

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Largest Information Technology Services Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Business Machines. 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.

You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

Please note, there is a significant difference between International Business' value and its price as these two are different measures arrived at by different means. Investors typically determine if International Business is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, International Business' 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.

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International Ebit vs Operating Income Analysis

Ebit vs Operating Income

Ebit vs Operating Income Correlation Analysis

Correlation Coefficient

Ebit

Operating Income

International Business fundamental ratios Correlations

International Business Account Relationship Matchups

High Positive Relationship

High Negative Relationship

International Business fundamental ratios Accounts

Pair Trading with International Business

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Long Term Investments	+ 1.0	Non Currrent Assets Other
Total Liab	+ 0.99	Total Assets
Long Term Debt	+ 0.99	Non Current Assets Total
Net Invested Capital	+ 0.99	Long Term Debt
Good Will	+ 0.98	Non Current Assets Total
Net Invested Capital	+ 0.98	Non Current Assets Total

Good Will	- 0.98	Accounts Payable
Common Stock Shares Outstanding	- 0.98	Retained Earnings
Good Will	- 0.96	Net Tangible Assets
Non Current Assets Total	- 0.96	Net Tangible Assets
Net Debt	- 0.96	Net Tangible Assets
Non Current Assets Total	- 0.94	Accounts Payable