Illinois Capex To Revenue vs Dividend Yield Analysis

ITW Stock  USD 258.82  0.71  0.28%   
Illinois Tool financial indicator trend analysis is infinitely more than just investigating Illinois Tool Works recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Illinois Tool Works is a good investment. Please check the relationship between Illinois Tool Capex To Revenue and its Dividend Yield accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Illinois Tool Works. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Capex To Revenue vs Dividend Yield

Capex To Revenue vs Dividend Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Illinois Tool Works Capex To Revenue account and Dividend Yield. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Illinois Tool's Capex To Revenue and Dividend Yield is -0.61. Overlapping area represents the amount of variation of Capex To Revenue that can explain the historical movement of Dividend Yield in the same time period over historical financial statements of Illinois Tool Works, assuming nothing else is changed. The correlation between historical values of Illinois Tool's Capex To Revenue and Dividend Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Revenue of Illinois Tool Works are associated (or correlated) with its Dividend Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Dividend Yield has no effect on the direction of Capex To Revenue i.e., Illinois Tool's Capex To Revenue and Dividend Yield go up and down completely randomly.

Correlation Coefficient

-0.61
Relationship DirectionNegative 
Relationship StrengthWeak

Capex To Revenue

The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.

Dividend Yield

Dividend Yield is Illinois Tool Works dividend as a percentage of Illinois Tool stock price. Illinois Tool Works dividend yield is a measure of Illinois Tool stock productivity, which can be interpreted as interest rate earned on an Illinois Tool investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.
Most indicators from Illinois Tool's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Illinois Tool Works 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 Illinois Tool Works. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
At this time, Illinois Tool's Discontinued Operations is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 20.27 in 2024, whereas Tax Provision is likely to drop slightly above 691.5 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit6.0B6.5B6.8B4.1B
Total Revenue14.5B15.9B16.1B10.8B

Illinois Tool fundamental ratios Correlations

0.560.370.570.680.890.250.410.650.980.610.650.840.160.580.730.17-0.130.760.970.340.730.910.050.740.74
0.560.850.58-0.070.680.870.930.360.570.840.360.68-0.60.780.50.2-0.830.820.520.32-0.050.490.460.890.89
0.370.850.69-0.160.50.820.890.140.350.810.140.55-0.630.520.490.32-0.840.640.360.51-0.250.380.70.690.7
0.570.580.690.370.60.510.60.20.520.460.20.58-0.050.120.590.13-0.410.450.610.910.20.650.560.650.65
0.68-0.07-0.160.370.45-0.34-0.190.520.640.00.520.320.81-0.150.35-0.160.510.040.70.310.920.68-0.190.110.11
0.890.680.50.60.450.550.650.320.940.70.320.97-0.10.670.870.24-0.430.810.780.270.450.920.350.850.85
0.250.870.820.51-0.340.550.97-0.150.320.75-0.150.6-0.750.630.520.32-0.970.640.140.23-0.390.340.730.730.74
0.410.930.890.6-0.190.650.970.020.460.850.020.68-0.680.680.590.35-0.940.720.320.3-0.250.460.720.810.81
0.650.360.140.20.520.32-0.150.020.530.281.00.210.230.360.01-0.210.160.430.760.210.640.34-0.450.390.39
0.980.570.350.520.640.940.320.460.530.630.530.890.120.630.80.22-0.190.770.90.240.690.940.110.750.75
0.610.840.810.460.00.70.750.850.280.630.280.74-0.540.810.640.53-0.750.830.540.15-0.020.60.480.740.74
0.650.360.140.20.520.32-0.150.021.00.530.280.210.230.360.01-0.210.160.430.760.210.640.34-0.450.390.39
0.840.680.550.580.320.970.60.680.210.890.740.21-0.230.710.940.4-0.50.860.720.260.350.880.430.850.84
0.16-0.6-0.63-0.050.81-0.1-0.75-0.680.230.12-0.540.23-0.23-0.6-0.12-0.360.87-0.510.210.060.740.19-0.45-0.45-0.45
0.580.780.520.12-0.150.670.630.680.360.630.810.360.71-0.60.510.36-0.640.920.49-0.170.040.440.120.780.78
0.730.50.490.590.350.870.520.590.010.80.640.010.94-0.120.510.54-0.410.680.60.280.320.860.560.670.66
0.170.20.320.13-0.160.240.320.35-0.210.220.53-0.210.4-0.360.360.54-0.370.380.1-0.05-0.170.290.430.190.19
-0.13-0.83-0.84-0.410.51-0.43-0.97-0.940.16-0.19-0.750.16-0.50.87-0.64-0.41-0.37-0.63-0.05-0.180.54-0.18-0.71-0.67-0.68
0.760.820.640.450.040.810.640.720.430.770.830.430.86-0.510.920.680.38-0.630.70.190.170.630.240.920.92
0.970.520.360.610.70.780.140.320.760.90.540.760.720.210.490.60.1-0.050.70.450.740.83-0.040.690.69
0.340.320.510.910.310.270.230.30.210.240.150.210.260.06-0.170.28-0.05-0.180.190.450.140.370.370.40.4
0.73-0.05-0.250.20.920.45-0.39-0.250.640.69-0.020.640.350.740.040.32-0.170.540.170.740.140.63-0.40.170.17
0.910.490.380.650.680.920.340.460.340.940.60.340.880.190.440.860.29-0.180.630.830.370.630.290.650.65
0.050.460.70.56-0.190.350.730.72-0.450.110.48-0.450.43-0.450.120.560.43-0.710.24-0.040.37-0.40.290.380.38
0.740.890.690.650.110.850.730.810.390.750.740.390.85-0.450.780.670.19-0.670.920.690.40.170.650.381.0
0.740.890.70.650.110.850.740.810.390.750.740.390.84-0.450.780.660.19-0.680.920.690.40.170.650.381.0
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Illinois Tool Account Relationship Matchups

Illinois Tool fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets15.1B15.6B16.1B15.4B15.5B11.4B
Short Long Term Debt Total7.8B8.1B7.7B7.8B8.4B8.8B
Other Current Liab1.5B1.6B2.0B2.1B2.0B2.1B
Total Current Liabilities2.2B2.6B3.5B4.5B4.7B4.9B
Total Stockholder Equity3.0B3.2B3.6B3.1B3.0B5.1B
Property Plant And Equipment Net1.7B1.8B1.8B1.8B2.2B1.5B
Net Debt5.8B5.6B6.2B7.1B7.3B7.7B
Retained Earnings22.4B23.1B24.3B25.8B27.1B28.5B
Cash2.0B2.6B1.5B708M1.1B1.1B
Non Current Assets Total8.8B9.1B9.7B9.2B9.3B6.8B
Non Currrent Assets Other1.2B1.3B1.4B1.2B1.0B1.1B
Cash And Short Term Investments2.0B2.6B1.5B708M1.1B1.1B
Net Receivables2.5B2.5B2.8B3.2B3.3B1.9B
Common Stock Shares Outstanding325.6M318.3M316.4M310.7M303.6M371.6M
Liabilities And Stockholders Equity15.1B15.6B16.1B15.4B15.5B11.4B
Non Current Liabilities Total9.9B9.8B9.0B7.9B7.8B4.0B
Inventory1.2B1.2B1.7B2.1B1.7B1.1B
Other Current Assets296M2.8B3.2B3.5B212M201.4M
Other Stockholder Equity(17.7B)(18.3B)(19.2B)(20.9B)(22.3B)(21.2B)
Total Liab12.0B12.4B12.5B12.3B12.5B6.3B
Total Current Assets6.3B6.5B6.4B6.3B6.2B4.6B
Short Term Debt4M405M839M1.6B1.9B2.0B
Intangible Assets851M781M972M768M657M624.2M
Accounts Payable472M534M585M594M581M511.2M
Property Plant And Equipment Gross1.9B2.0B5.9B6.0B6.3B6.6B
Accumulated Other Comprehensive Income(1.7B)(1.6B)(1.5B)(1.8B)(1.8B)(1.7B)
Other Liab2.0B2.1B2.1B1.6B1.8B1.4B
Other Assets1.5B1.8B2.0B1.7B1.9B1.4B
Long Term Debt7.8B7.8B6.9B6.2B6.3B4.4B
Treasury Stock(17.5B)(19.0B)(19.7B)(20.6B)(18.6B)(17.6B)
Property Plant Equipment1.7B1.8B1.8B1.8B1.7B1.5B
Current Deferred Revenue188M222M394M427M520M373.4M
Good Will4.5B4.7B5.0B4.9B4.9B4.8B
Net Tangible Assets(2.3B)(2.3B)(2.3B)(2.5B)(2.3B)(2.2B)
Retained Earnings Total Equity22.4B23.1B24.3B25.8B29.7B18.7B
Long Term Debt Total7.8B7.8B6.9B6.2B7.1B6.4B

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