ATT Operating Income vs Income Tax Expense Analysis

T Stock

USD 23.16 0.11 0.47%

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

Operating Income vs Income Tax Expense

Operating Income vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ATT Inc Operating Income account and Income Tax Expense. At this time, the significance of the direction appears to have very week relationship.

The correlation between ATT's Operating Income and Income Tax Expense is 0.23. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of ATT Inc, assuming nothing else is changed. The correlation between historical values of ATT's Operating Income 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 Operating Income of ATT Inc 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 Operating Income i.e., ATT's Operating Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.23

Relationship Direction	Positive
Relationship Strength	Very Weak

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Operating Income

Operating Income is the amount of profit realized from ATT Inc 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 ATT Inc 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.

Income Tax Expense

Most indicators from ATT's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ATT Inc 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 World Market Map to better understand how to build diversified portfolios, which includes a position in ATT Inc. 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.

Selling General Administrative is likely to drop to about 28.5 B in 2024. Discontinued Operations is likely to drop to about (171 M) in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	73.6B	69.9B	72.3B	45.7B
Total Revenue	134.0B	120.7B	122.4B	82.6B

Gross Profit Total Revenue

ATT 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	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Current Deferred Revenue	Common Stock	Common Stock Total Equity
Total Assets		0.87	0.53	0.9	0.96	0.91	0.85	0.58	0.38	0.97	-0.32	0.38	0.83	0.89	0.88	0.54	0.47	0.83	0.91	0.66	0.5	0.83	0.89	0.85	0.82	0.82
Short Long Term Debt Total	0.87		0.58	0.84	0.8	0.75	0.98	0.31	0.41	0.83	-0.28	0.41	0.64	0.77	0.96	0.47	0.5	0.94	0.98	0.64	0.49	0.95	0.73	0.69	0.71	0.72
Other Current Liab	0.53	0.58		0.77	0.43	0.4	0.53	0.14	0.41	0.34	-0.65	0.41	0.11	0.45	0.44	0.61	0.9	0.5	0.54	0.9	0.63	0.32	0.13	0.14	0.33	0.33
Total Current Liabilities	0.9	0.84	0.77		0.84	0.75	0.76	0.52	0.62	0.78	-0.43	0.62	0.6	0.77	0.76	0.5	0.72	0.73	0.84	0.9	0.8	0.68	0.65	0.59	0.66	0.66
Total Stockholder Equity	0.96	0.8	0.43	0.84		0.81	0.77	0.75	0.38	0.94	-0.22	0.38	0.92	0.81	0.82	0.46	0.41	0.77	0.84	0.62	0.49	0.77	0.89	0.89	0.74	0.74
Property Plant And Equipment Net	0.91	0.75	0.4	0.75	0.81		0.75	0.34	0.25	0.92	-0.32	0.25	0.68	0.98	0.83	0.66	0.31	0.77	0.83	0.47	0.32	0.75	0.84	0.83	0.95	0.95
Net Debt	0.85	0.98	0.53	0.76	0.77	0.75		0.23	0.2	0.82	-0.29	0.2	0.64	0.77	0.97	0.51	0.48	0.97	0.97	0.56	0.32	0.96	0.76	0.7	0.73	0.73
Retained Earnings	0.58	0.31	0.14	0.52	0.75	0.34	0.23		0.43	0.55	0.06	0.43	0.79	0.3	0.33	0.01	0.21	0.2	0.37	0.45	0.49	0.28	0.55	0.63	0.26	0.26
Cash	0.38	0.41	0.41	0.62	0.38	0.25	0.2	0.43		0.28	-0.02	1.0	0.23	0.24	0.26	-0.01	0.24	0.17	0.36	0.55	0.89	0.21	0.12	0.16	0.18	0.17
Non Current Assets Total	0.97	0.83	0.34	0.78	0.94	0.92	0.82	0.55	0.28		-0.22	0.28	0.87	0.89	0.88	0.5	0.27	0.81	0.88	0.46	0.34	0.85	0.95	0.91	0.84	0.84
Non Currrent Assets Other	-0.32	-0.28	-0.65	-0.43	-0.22	-0.32	-0.29	0.06	-0.02	-0.22		-0.02	0.03	-0.35	-0.19	-0.55	-0.57	-0.31	-0.25	-0.5	-0.22	-0.1	-0.15	-0.07	-0.15	-0.15
Cash And Short Term Investments	0.38	0.41	0.41	0.62	0.38	0.25	0.2	0.43	1.0	0.28	-0.02		0.23	0.24	0.26	-0.02	0.24	0.17	0.36	0.55	0.89	0.21	0.12	0.16	0.18	0.17
Net Receivables	0.83	0.64	0.11	0.6	0.92	0.68	0.64	0.79	0.23	0.87	0.03	0.23		0.66	0.74	0.31	0.12	0.64	0.72	0.34	0.28	0.72	0.89	0.94	0.64	0.64
Common Stock Shares Outstanding	0.89	0.77	0.45	0.77	0.81	0.98	0.77	0.3	0.24	0.89	-0.35	0.24	0.66		0.82	0.72	0.37	0.82	0.83	0.51	0.34	0.74	0.81	0.79	0.96	0.96
Non Current Liabilities Total	0.88	0.96	0.44	0.76	0.82	0.83	0.97	0.33	0.26	0.88	-0.19	0.26	0.74	0.82		0.5	0.38	0.94	0.99	0.5	0.33	0.97	0.82	0.82	0.81	0.81
Inventory	0.54	0.47	0.61	0.5	0.46	0.66	0.51	0.01	-0.01	0.5	-0.55	-0.02	0.31	0.72	0.5		0.44	0.6	0.52	0.44	0.09	0.38	0.35	0.48	0.68	0.68
Other Current Assets	0.47	0.5	0.9	0.72	0.41	0.31	0.48	0.21	0.24	0.27	-0.57	0.24	0.12	0.37	0.38	0.44		0.44	0.48	0.92	0.58	0.27	0.16	0.08	0.28	0.28
Other Stockholder Equity	0.83	0.94	0.5	0.73	0.77	0.77	0.97	0.2	0.17	0.81	-0.31	0.17	0.64	0.82	0.94	0.6	0.44		0.93	0.51	0.27	0.94	0.75	0.71	0.76	0.77
Total Liab	0.91	0.98	0.54	0.84	0.84	0.83	0.97	0.37	0.36	0.88	-0.25	0.36	0.72	0.83	0.99	0.52	0.48	0.93		0.62	0.46	0.95	0.79	0.78	0.79	0.8
Total Current Assets	0.66	0.64	0.9	0.9	0.62	0.47	0.56	0.45	0.55	0.46	-0.5	0.55	0.34	0.51	0.5	0.44	0.92	0.51	0.62		0.81	0.39	0.33	0.28	0.4	0.4
Short Term Debt	0.5	0.49	0.63	0.8	0.49	0.32	0.32	0.49	0.89	0.34	-0.22	0.89	0.28	0.34	0.33	0.09	0.58	0.27	0.46	0.81		0.26	0.21	0.16	0.23	0.23
Intangible Assets	0.83	0.95	0.32	0.68	0.77	0.75	0.96	0.28	0.21	0.85	-0.1	0.21	0.72	0.74	0.97	0.38	0.27	0.94	0.95	0.39	0.26		0.82	0.77	0.72	0.73
Accounts Payable	0.89	0.73	0.13	0.65	0.89	0.84	0.76	0.55	0.12	0.95	-0.15	0.12	0.89	0.81	0.82	0.35	0.16	0.75	0.79	0.33	0.21	0.82		0.9	0.77	0.77
Current Deferred Revenue	0.85	0.69	0.14	0.59	0.89	0.83	0.7	0.63	0.16	0.91	-0.07	0.16	0.94	0.79	0.82	0.48	0.08	0.71	0.78	0.28	0.16	0.77	0.9		0.79	0.79
Common Stock	0.82	0.71	0.33	0.66	0.74	0.95	0.73	0.26	0.18	0.84	-0.15	0.18	0.64	0.96	0.81	0.68	0.28	0.76	0.79	0.4	0.23	0.72	0.77	0.79		1.0
Common Stock Total Equity	0.82	0.72	0.33	0.66	0.74	0.95	0.73	0.26	0.17	0.84	-0.15	0.17	0.64	0.96	0.81	0.68	0.28	0.77	0.8	0.4	0.23	0.73	0.77	0.79	1.0

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ATT Account Relationship Matchups

ATT fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	552.0B	525.8B	551.6B	402.9B	407.1B	219.0B
Short Long Term Debt Total	185.0B	179.4B	195.8B	154.7B	154.9B	162.6B
Other Current Liab	5.0B	20.7B	42.0B	12.8B	9.5B	7.8B
Total Current Liabilities	68.6B	63.4B	106.2B	56.2B	51.1B	31.9B
Total Stockholder Equity	184.2B	161.7B	166.3B	97.5B	103.3B	72.6B
Property Plant And Equipment Net	154.4B	152.0B	143.5B	149.3B	149.4B	78.7B
Net Debt	172.8B	169.7B	176.6B	151.0B	148.2B	155.6B
Retained Earnings	57.9B	37.5B	42.4B	(19.4B)	(5.0B)	(4.8B)
Cash	12.1B	9.7B	19.2B	3.7B	6.7B	4.7B
Non Current Assets Total	497.1B	473.8B	380.9B	369.7B	370.6B	193.0B
Non Currrent Assets Other	(24.3B)	(22.1B)	(46.0B)	(37.4B)	19.6B	20.6B
Cash And Short Term Investments	12.1B	9.7B	19.2B	3.7B	6.7B	4.8B
Net Receivables	22.7B	20.2B	14.9B	11.5B	10.3B	10.9B
Common Stock Shares Outstanding	7.3B	7.2B	7.5B	7.6B	7.3B	4.5B
Liabilities And Stockholders Equity	552.0B	525.8B	551.6B	402.9B	407.1B	219.0B
Non Current Liabilities Total	281.4B	283.1B	261.5B	240.2B	236.5B	248.3B
Inventory	1.6B	3.7B	3.3B	3.1B	2.2B	1.7B
Other Current Assets	18.4B	18.4B	133.3B	14.8B	17.3B	18.1B
Other Stockholder Equity	113.2B	112.3B	112.8B	106.5B	98.4B	103.3B
Total Liab	350.0B	346.5B	367.8B	296.4B	287.6B	302.0B
Total Current Assets	54.8B	52.0B	170.8B	33.1B	36.5B	25.9B
Short Term Debt	11.4B	3.7B	32.1B	7.6B	3.3B	3.1B
Intangible Assets	157.6B	146.3B	119.2B	129.4B	132.5B	139.1B
Accounts Payable	46.0B	31.8B	27.3B	31.1B	27.3B	15.8B
Current Deferred Revenue	6.2B	6.2B	4.0B	3.9B	3.8B	3.4B
Accumulated Other Comprehensive Income	5.5B	4.3B	3.5B	2.8B	2.3B	2.4B
Property Plant And Equipment Gross	154.2B	152.0B	150.1B	149.3B	360.8B	378.8B
Good Will	146.2B	135.3B	92.7B	67.9B	67.9B	69.3B
Short Term Investments	54M	29M	1.1B	38M	80M	76M
Other Liab	104.4B	107.1B	108.1B	86.6B	99.6B	63.5B
Other Assets	33.8B	38.4B	41.6B	19.6B	19.6B	19.0B
Long Term Debt	149.4B	153.8B	152.8B	128.4B	127.9B	88.0B
Treasury Stock	(13.1B)	(17.9B)	(17.3B)	(17.1B)	(15.4B)	(16.1B)
Property Plant Equipment	130.1B	14.8B	150.1B	149.3B	171.6B	104.8B
Net Tangible Assets	(80.7B)	(119.9B)	(126.4B)	(99.8B)	(89.9B)	(94.3B)
Noncontrolling Interest In Consolidated Entity	17.7B	17.6B	17.5B	9.0B	10.3B	6.5B
Retained Earnings Total Equity	57.9B	37.5B	42.4B	(19.4B)	(22.3B)	(21.2B)
Long Term Debt Total	151.3B	153.8B	152.8B	128.4B	147.7B	126.6B

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