Lloyds Income Before Tax vs Operating Income Analysis

LLOY Stock

52.94 0.30 0.56%

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

Income Before Tax vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lloyds Banking Group Income Before Tax account and Operating Income. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Lloyds Banking's Income Before Tax and Operating Income is -0.14. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Operating Income in the same time period over historical financial statements of Lloyds Banking Group, assuming nothing else is changed. The correlation between historical values of Lloyds Banking's Income Before Tax 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 Income Before Tax of Lloyds Banking Group 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 Income Before Tax i.e., Lloyds Banking's Income Before Tax and Operating Income go up and down completely randomly.

Correlation Coefficient

-0.14

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Income Before Tax

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

Operating Income

Operating Income is the amount of profit realized from Lloyds Banking Group 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 Lloyds Banking Group 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 Lloyds Banking's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lloyds Banking Group 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lloyds Banking Group. 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.

Selling General Administrative is likely to drop to about 226.6 M in 2024. Tax Provision is likely to drop to about 1.4 B in 2024

	2021	2022	2023	2024 (projected)
Operating Income	6.8B	10.5B	11.1B	9.9B
Other Operating Expenses	10.8B	9.7B	7.4B	9.1B

Operating Income Other Operating Expenses

Lloyds Banking fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Current Assets	Retained Earnings	Common Stock Total Equity	Intangible Assets	Common Stock	Other Liab	Accounts Payable	Long Term Debt	Good Will	Short Term Investments
Total Assets		0.71	0.93	0.51	0.46	0.69	0.92	-0.28	0.98	0.7	0.92	0.33	0.54	0.71	0.84	0.82	-0.12	0.07	0.95	0.61	0.95	0.75	0.08	0.92	-0.22	-0.17
Short Long Term Debt Total	0.71		0.58	0.44	0.88	0.3	0.59	-0.46	0.76	0.31	0.63	0.4	0.29	0.31	0.54	0.37	-0.23	-0.07	0.58	0.22	0.65	0.69	0.03	0.85	-0.48	0.32
Total Stockholder Equity	0.93	0.58		0.71	0.29	0.61	0.87	-0.21	0.91	0.61	0.96	0.35	0.73	0.62	0.93	0.75	0.07	-0.06	0.95	0.59	0.96	0.52	0.32	0.82	-0.13	-0.26
Property Plant And Equipment Net	0.51	0.44	0.71		0.18	0.18	0.43	-0.24	0.54	0.17	0.71	0.3	0.85	0.13	0.84	0.26	0.3	-0.52	0.66	0.21	0.68	0.05	0.6	0.52	-0.13	0.08
Net Debt	0.46	0.88	0.29	0.18		-0.09	0.33	-0.66	0.54	-0.07	0.37	0.42	0.02	0.27	0.22	0.02	-0.24	-0.08	0.29	-0.13	0.39	0.66	0.09	0.58	-0.53	0.32
Cash	0.69	0.3	0.61	0.18	-0.09		0.68	0.23	0.61	1.0	0.54	0.07	0.34	0.57	0.53	0.92	-0.01	0.37	0.66	0.8	0.59	0.39	-0.27	0.66	-0.01	-0.37
Non Current Assets Total	0.92	0.59	0.87	0.43	0.33	0.68		-0.05	0.83	0.69	0.78	0.13	0.57	0.63	0.82	0.81	-0.16	0.12	0.89	0.71	0.82	0.61	-0.07	0.86	-0.03	-0.18
Non Currrent Assets Other	-0.28	-0.46	-0.21	-0.24	-0.66	0.23	-0.05		-0.4	0.23	-0.36	-0.75	-0.1	-0.44	-0.12	0.09	-0.01	0.13	-0.22	0.5	-0.34	-0.56	-0.59	-0.23	0.56	0.02
Other Assets	0.98	0.76	0.91	0.54	0.54	0.61	0.83	-0.4		0.62	0.95	0.41	0.49	0.7	0.81	0.73	-0.1	-0.01	0.93	0.48	0.96	0.79	0.18	0.89	-0.35	-0.13
Cash And Short Term Investments	0.7	0.31	0.61	0.17	-0.07	1.0	0.69	0.23	0.62		0.54	0.08	0.34	0.58	0.53	0.92	-0.02	0.38	0.66	0.8	0.59	0.4	-0.28	0.67	-0.01	-0.37
Common Stock Shares Outstanding	0.92	0.63	0.96	0.71	0.37	0.54	0.78	-0.36	0.95	0.54		0.38	0.66	0.61	0.88	0.67	0.01	-0.18	0.93	0.43	0.99	0.62	0.36	0.79	-0.31	-0.15
Non Current Liabilities Total	0.33	0.4	0.35	0.3	0.42	0.07	0.13	-0.75	0.41	0.08	0.38		0.17	0.44	0.21	0.21	0.11	0.24	0.26	-0.19	0.34	0.35	0.58	0.3	-0.25	-0.2
Other Stockholder Equity	0.54	0.29	0.73	0.85	0.02	0.34	0.57	-0.1	0.49	0.34	0.66	0.17		0.3	0.79	0.45	0.32	-0.38	0.68	0.37	0.66	0.05	0.44	0.53	0.01	-0.18
Total Liab	0.71	0.31	0.62	0.13	0.27	0.57	0.63	-0.44	0.7	0.58	0.61	0.44	0.3		0.44	0.66	-0.03	0.32	0.67	0.34	0.64	0.63	0.19	0.57	-0.22	-0.67
Property Plant And Equipment Gross	0.84	0.54	0.93	0.84	0.22	0.53	0.82	-0.12	0.81	0.53	0.88	0.21	0.79	0.44		0.64	0.11	-0.26	0.94	0.59	0.89	0.38	0.32	0.78	-0.04	-0.1
Total Current Assets	0.82	0.37	0.75	0.26	0.02	0.92	0.81	0.09	0.73	0.92	0.67	0.21	0.45	0.66	0.64		-0.04	0.41	0.77	0.81	0.7	0.48	-0.2	0.75	0.13	-0.34
Other Current Assets	-0.12	-0.23	0.07	0.3	-0.24	-0.01	-0.16	-0.01	-0.1	-0.02	0.01	0.11	0.32	-0.03	0.11	-0.04		-0.06	0.01	0.13	-0.01	-0.36	0.35	-0.11	0.3	-0.3
Retained Earnings	0.07	-0.07	-0.06	-0.52	-0.08	0.37	0.12	0.13	-0.01	0.38	-0.18	0.24	-0.38	0.32	-0.26	0.41	-0.06		-0.09	0.36	-0.17	0.09	-0.42	0.09	0.36	-0.33
Common Stock Total Equity	0.95	0.58	0.95	0.66	0.29	0.66	0.89	-0.22	0.93	0.66	0.93	0.26	0.68	0.67	0.94	0.77	0.01	-0.09		0.62	0.95	0.61	0.23	0.85	-0.13	-0.22
Intangible Assets	0.61	0.22	0.59	0.21	-0.13	0.8	0.71	0.5	0.48	0.8	0.43	-0.19	0.37	0.34	0.59	0.81	0.13	0.36	0.62		0.47	0.16	-0.39	0.63	0.43	-0.25
Common Stock	0.95	0.65	0.96	0.68	0.39	0.59	0.82	-0.34	0.96	0.59	0.99	0.34	0.66	0.64	0.89	0.7	-0.01	-0.17	0.95	0.47		0.65	0.31	0.83	-0.33	-0.17
Other Liab	0.75	0.69	0.52	0.05	0.66	0.39	0.61	-0.56	0.79	0.4	0.62	0.35	0.05	0.63	0.38	0.48	-0.36	0.09	0.61	0.16	0.65		0.0	0.66	-0.54	-0.01
Accounts Payable	0.08	0.03	0.32	0.6	0.09	-0.27	-0.07	-0.59	0.18	-0.28	0.36	0.58	0.44	0.19	0.32	-0.2	0.35	-0.42	0.23	-0.39	0.31	0.0		-0.04	-0.28	-0.26
Long Term Debt	0.92	0.85	0.82	0.52	0.58	0.66	0.86	-0.23	0.89	0.67	0.79	0.3	0.53	0.57	0.78	0.75	-0.11	0.09	0.85	0.63	0.83	0.66	-0.04		-0.21	0.01
Good Will	-0.22	-0.48	-0.13	-0.13	-0.53	-0.01	-0.03	0.56	-0.35	-0.01	-0.31	-0.25	0.01	-0.22	-0.04	0.13	0.3	0.36	-0.13	0.43	-0.33	-0.54	-0.28	-0.21		-0.08
Short Term Investments	-0.17	0.32	-0.26	0.08	0.32	-0.37	-0.18	0.02	-0.13	-0.37	-0.15	-0.2	-0.18	-0.67	-0.1	-0.34	-0.3	-0.33	-0.22	-0.25	-0.17	-0.01	-0.26	0.01	-0.08

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Lloyds Banking Account Relationship Matchups

Lloyds Banking fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	833.9B	871.3B	881.3B	877.8B	881.5B	637.8B
Short Long Term Debt Total	165.7B	101.7B	84.7B	84.5B	93.7B	95.7B
Total Stockholder Equity	47.6B	49.2B	51.0B	47.3B	47.2B	31.4B
Property Plant And Equipment Net	13.1B	8.4B	8.0B	8.1B	9.7B	7.2B
Net Debt	59.4B	33.5B	7.4B	(7.1B)	13.0B	12.4B
Cash	55.4B	73.6B	76.4B	91.6B	79.0B	83.0B
Non Current Assets Total	236.7B	252.8B	278.6B	218.6B	287.0B	163.6B
Non Currrent Assets Other	(2.7B)	(2.7B)	(3.1B)	(41.0B)	(5.2B)	(5.4B)
Other Assets	541.7B	545.0B	531.3B	567.6B	515.4B	432.7B
Cash And Short Term Investments	55.4B	73.6B	76.6B	91.6B	79.0B	83.0B
Common Stock Shares Outstanding	71.3B	70.8B	71.0B	69.7B	63.6B	56.8B
Liabilities And Stockholders Equity	833.9B	871.3B	886.5B	877.8B	881.5B	638.0B
Non Current Liabilities Total	114.8B	101.7B	84.7B	830.3B	93.7B	89.0B
Other Stockholder Equity	31.4B	31.5B	31.5B	18.5B	34.0B	17.3B
Total Liab	114.8B	821.9B	830.0B	830.3B	834.1B	580.5B
Property Plant And Equipment Gross	9.6B	8.4B	8.0B	8.1B	9.7B	6.4B
Total Current Assets	55.4B	73.6B	76.6B	91.6B	79.0B	52.3B
Other Current Assets	74.1B	96.4B	100.1B	153.0B	204.5B	198.8B
Retained Earnings	3.2B	4.6B	8.3B	10.1B	6.8B	5.6B
Common Stock Total Equity	7.2B	7.1B	7.0B	7.1B	8.1B	5.5B
Intangible Assets	3.8B	4.1B	4.4B	4.8B	5.5B	3.2B
Common Stock	7.0B	7.1B	7.1B	6.7B	6.4B	5.4B
Other Liab	135.0B	138.6B	145.9B	128.5B	147.8B	130.9B
Accounts Payable	425.5B	1.1B	1.5B	857M	1.4B	1.4B
Long Term Debt	90.4B	108.8B	114.8B	101.7B	116.9B	85.2B
Short Term Investments	(40.8B)	55.6B	(41.9B)	(35.8B)	(32.2B)	(30.6B)
Property Plant Equipment	9.6B	8.4B	8.0B	8.1B	9.3B	8.2B
Accumulated Other Comprehensive Income	5.9B	6.0B	4.0B	(547M)	1.4B	1.4B
Other Current Liab	19.5B	40.0B	22.1B	(8M)	39M	37.1M
Net Receivables	320M	959M	510M	854M	768.6M	620.1M
Total Current Liabilities	71.6B	92.6B	81.3B	76.2B	39.1B	37.2B
Net Tangible Assets	41.5B	42.7B	46.4B	39.8B	45.8B	46.6B
Deferred Long Term Liab	83M	74M	64M	54M	48.6M	72M
Long Term Investments	194.0B	206.1B	264.0B	203.0B	269.0B	219.1B
Short Term Debt	50.9B	51.1B	58.3B	56.2B	39.1B	36.2B
Capital Surpluse	17.6B	17.7B	17.8B	17.9B	20.5B	19.4B

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Lloyds Income Before Tax vs Operating Income Analysis

Income Before Tax vs Operating Income

Income Before Tax vs Operating Income Correlation Analysis

Correlation Coefficient

Income Before Tax

Operating Income

Lloyds Banking fundamental ratios Correlations

Lloyds Banking Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Lloyds Banking fundamental ratios Accounts

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Additional Tools for Lloyds Stock Analysis

COMMON DESTINATIONS

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COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 0.99	Common Stock Shares Outstanding
Other Assets	+ 0.98	Total Assets
Common Stock Shares Outstanding	+ 0.96	Total Stockholder Equity
Common Stock	+ 0.96	Total Stockholder Equity
Common Stock	+ 0.96	Other Assets

Non Current Liabilities Total	- 0.75	Non Currrent Assets Other
Short Term Investments	- 0.67	Total Liab
Non Currrent Assets Other	- 0.66	Net Debt
Accounts Payable	- 0.59	Non Currrent Assets Other
Other Liab	- 0.56	Non Currrent Assets Other
Good Will	- 0.54	Other Liab