Lamb Income Tax Expense vs Non Operating Income Net Other Analysis

LW Stock  USD 77.24  0.53  0.69%   
Lamb Weston financial indicator trend analysis is infinitely more than just investigating Lamb Weston Holdings recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lamb Weston Holdings is a good investment. Please check the relationship between Lamb Weston Income Tax Expense and its Non Operating Income Net Other accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lamb Weston Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Income Tax Expense vs Non Operating Income Net Other

Income Tax Expense vs Non Operating Income Net Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lamb Weston Holdings Income Tax Expense account and Non Operating Income Net Other. At this time, the significance of the direction appears to have strong relationship.
The correlation between Lamb Weston's Income Tax Expense and Non Operating Income Net Other is 0.72. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Non Operating Income Net Other in the same time period over historical financial statements of Lamb Weston Holdings, assuming nothing else is changed. The correlation between historical values of Lamb Weston's Income Tax Expense and Non Operating Income Net Other 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 Tax Expense of Lamb Weston Holdings are associated (or correlated) with its Non Operating Income Net Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Operating Income Net Other has no effect on the direction of Income Tax Expense i.e., Lamb Weston's Income Tax Expense and Non Operating Income Net Other go up and down completely randomly.

Correlation Coefficient

0.72
Relationship DirectionPositive 
Relationship StrengthSignificant

Income Tax Expense

Non Operating Income Net Other

Most indicators from Lamb Weston's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lamb Weston Holdings 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 Lamb Weston Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
At this time, Lamb Weston's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 20.13 in 2024, whereas Selling General Administrative is likely to drop slightly above 353.2 M in 2024.
 2022 2023 2024 (projected)
Gross Profit1.4B1.8B1.0B
Total Revenue5.4B6.5B4.1B

Lamb Weston fundamental ratios Correlations

0.890.870.180.920.110.970.850.750.390.740.580.750.850.390.970.85-0.150.850.890.66-0.60.910.570.920.61
0.890.750.130.840.130.880.80.670.190.590.630.70.770.190.940.81-0.150.780.820.79-0.530.820.30.760.34
0.870.750.320.720.210.860.750.930.220.920.570.920.730.220.830.96-0.60.740.810.55-0.550.790.730.780.76
0.180.130.320.240.980.22-0.280.46-0.280.32-0.210.59-0.33-0.280.230.47-0.4-0.310.35-0.10.41-0.210.320.050.32
0.920.840.720.240.210.890.720.670.340.650.510.630.730.340.950.74-0.060.740.820.59-0.510.790.380.840.42
0.110.130.210.980.210.14-0.360.35-0.320.18-0.270.5-0.41-0.320.190.39-0.3-0.390.29-0.090.48-0.290.2-0.020.2
0.970.880.860.220.890.140.860.80.170.770.570.80.790.170.970.86-0.150.80.960.58-0.560.870.510.80.54
0.850.80.75-0.280.72-0.360.860.640.310.690.730.550.970.310.820.67-0.130.970.750.65-0.80.970.380.770.41
0.750.670.930.460.670.350.80.64-0.070.960.480.950.57-0.070.760.96-0.680.580.820.41-0.460.640.550.580.58
0.390.190.22-0.280.34-0.320.170.31-0.070.060.22-0.080.51.00.240.060.130.5-0.040.38-0.370.480.460.710.48
0.740.590.920.320.650.180.770.690.960.060.540.860.640.060.710.88-0.680.650.750.34-0.530.690.590.620.62
0.580.630.57-0.210.51-0.270.570.730.480.220.540.380.70.220.570.5-0.210.730.50.3-0.290.70.070.540.11
0.750.70.920.590.630.50.80.550.95-0.080.860.380.47-0.080.770.97-0.630.490.840.45-0.330.570.630.570.65
0.850.770.73-0.330.73-0.410.790.970.570.50.640.70.470.50.790.63-0.121.00.640.72-0.840.990.410.850.45
0.390.190.22-0.280.34-0.320.170.31-0.071.00.060.22-0.080.50.240.060.130.5-0.040.38-0.370.480.460.710.48
0.970.940.830.230.950.190.970.820.760.240.710.570.770.790.240.86-0.140.80.910.7-0.560.860.450.840.49
0.850.810.960.470.740.390.860.670.960.060.880.50.970.630.060.86-0.590.640.850.59-0.460.710.60.70.64
-0.15-0.15-0.6-0.4-0.06-0.3-0.15-0.13-0.680.13-0.68-0.21-0.63-0.120.13-0.14-0.59-0.13-0.17-0.150.2-0.14-0.43-0.14-0.44
0.850.780.74-0.310.74-0.390.80.970.580.50.650.730.491.00.50.80.64-0.130.650.7-0.810.990.410.850.45
0.890.820.810.350.820.290.960.750.82-0.040.750.50.840.64-0.040.910.85-0.170.650.44-0.40.730.440.650.46
0.660.790.55-0.10.59-0.090.580.650.410.380.340.30.450.720.380.70.59-0.150.70.44-0.740.710.280.680.32
-0.6-0.53-0.550.41-0.510.48-0.56-0.8-0.46-0.37-0.53-0.29-0.33-0.84-0.37-0.56-0.460.2-0.81-0.4-0.74-0.79-0.36-0.62-0.39
0.910.820.79-0.210.79-0.290.870.970.640.480.690.70.570.990.480.860.71-0.140.990.730.71-0.790.480.890.52
0.570.30.730.320.380.20.510.380.550.460.590.070.630.410.460.450.6-0.430.410.440.28-0.360.480.651.0
0.920.760.780.050.84-0.020.80.770.580.710.620.540.570.850.710.840.7-0.140.850.650.68-0.620.890.650.69
0.610.340.760.320.420.20.540.410.580.480.620.110.650.450.480.490.64-0.440.450.460.32-0.390.521.00.69
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Lamb Weston Account Relationship Matchups

Lamb Weston fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.7B4.2B4.1B6.5B7.4B4.1B
Other Current Liab179.6M208.8M268.1M521.5M353.5M240.5M
Total Current Liabilities1.0B618.2M699.1M1.4B1.6B1.7B
Total Stockholder Equity240M480.6M360.5M1.4B1.8B1.9B
Other Liab219.7M260.2M284.9M384.4M442.1M250.1M
Net Tangible Assets(102.1M)109.2M360.5M1.4B1.3B1.3B
Property Plant And Equipment Net1.7B1.7B1.7B3.0B3.7B1.9B
Net Debt2.2B2.0B2.2B3.2B3.9B2.1B
Accounts Payable244.4M337M364.3M575.2M833.8M875.5M
Cash1.4B783.5M525M304.8M71.4M67.8M
Non Currrent Assets Other(210M)10.2M172.9M244.1M140.2M147.2M
Other Assets273.1M68M52.5M1.9B2.2B2.3B
Long Term Debt3.0B2.7B2.7B3.2B3.4B2.2B
Cash And Short Term Investments1.4B783.5M525M304.8M71.4M67.8M
Net Receivables342.1M366.9M447.3M724.2M743.6M390.1M
Good Will303.8M334.5M318M1.0B1.1B1.1B
Non Current Liabilities Total3.4B3.1B3.1B3.7B4.0B2.6B
Inventory486.7M513.5M574.4M932M1.2B668.6M
Other Current Assets109.8M117.8M112.9M166.2M96.1M111.3M
Other Stockholder Equity(931.1M)(941.1M)(1.1B)(872.9M)(1.0B)(997.3M)
Total Liab4.4B3.7B3.8B5.1B5.6B3.4B
Short Long Term Debt547.5M32M32.2M213.8M382.7M401.8M
Total Current Assets2.3B1.8B1.7B2.1B2.1B1.5B
Short Term Debt575.9M61.1M54.6M242.3M412M432.6M
Intangible Assets38.3M36.9M33.7M110.2M104.9M55.6M
Common Stock147M147.6M148M150.3M150.7M143.2M
Property Plant Equipment1.7B1.7B1.7B3.0B3.4B3.6B
Short Long Term Debt Total3.6B2.8B2.8B3.5B4.0B2.6B
Long Term Debt Total3.0B2.7B2.7B3.2B3.7B2.3B
Liabilities And Stockholders Equity4.7B4.2B4.1B6.5B7.4B4.3B
Property Plant And Equipment Gross1.7B1.7B1.7B3.0B5.8B6.1B
Accumulated Other Comprehensive Income(40.5M)29.5M(15.6M)(26.8M)(12.9M)(13.5M)
Long Term Investments250.2M310.2M257.4M43.5M39.2M37.2M
Non Current Liabilities Other252.3M245.5M211.9M247.8M258.2M184.9M
Current Deferred Revenue25M12.1M172.5M427.4M471.6M495.2M
Retained Earnings1.1B1.2B1.3B2.2B2.7B1.4B
Common Stock Total Equity147M147.6M148M150.3M172.8M162.2M
Retained Earnings Total Equity1.1B1.2B1.3B2.2B2.5B2.6B

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