Tata Income Before Tax vs Net Income Analysis
TTST Stock | USD 17.45 0.05 0.29% |
Tata Steel financial indicator trend analysis is much more than just breaking down Tata Steel Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tata Steel Limited is a good investment. Please check the relationship between Tata Steel Income Before Tax and its Net Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tata Steel Limited. 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 Net Income
Income Before Tax vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tata Steel Limited Income Before Tax account and Net Income. At this time, the significance of the direction appears to have totally related.
The correlation between Tata Steel's Income Before Tax and Net Income is 0.99. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Net Income in the same time period over historical financial statements of Tata Steel Limited, assuming nothing else is changed. The correlation between historical values of Tata Steel's Income Before Tax and Net 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 Tata Steel Limited are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Income Before Tax i.e., Tata Steel's Income Before Tax and Net Income go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Tata Steel income statement and is an important metric when analyzing Tata Steel Limited 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.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Tata Steel Limited financial statement analysis. It represents the amount of money remaining after all of Tata Steel Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Tata Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tata Steel Limited 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 Tata Steel Limited. 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. At this time, Tata Steel's Tax Provision is quite stable compared to the past year. Enterprise Value Over EBITDA is expected to rise to 18.05 this year, although the value of Selling General Administrative will most likely fall to about 118.3 B.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.6T | 1.3T | 898.0B | 1.1T | Total Revenue | 2.4T | 2.4T | 2.3T | 2.0T |
Tata Steel fundamental ratios Correlations
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Tata Steel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tata Steel fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.5T | 2.5T | 2.9T | 2.9T | 2.7T | 2.8T | |
Other Current Liab | 104.8B | 185.7B | 149.7B | 189.9B | 18M | 17.1M | |
Total Current Liabilities | 616.6B | 708.7B | 905.9B | 973.0B | 984.0B | 841.5B | |
Total Stockholder Equity | 735.8B | 742.4B | 1.1T | 1.0T | 920.4B | 922.7B | |
Other Liab | 184.9B | 247.0B | 273.0B | 282.9B | 325.4B | 255.2B | |
Net Tangible Assets | 664.5B | 660.4B | 1.0T | 834.7B | 960.0B | 802.6B | |
Net Debt | 1.0T | 751.3B | 532.2B | 658.9B | 744.9B | 623.7B | |
Retained Earnings | 303.2B | 286.7B | 678.4B | 603.6B | 348.2B | 421.5B | |
Accounts Payable | 178.2B | 218.2B | 310.7B | 324.5B | 354.3B | 270.1B | |
Cash | 75.4B | 55.3B | 156.0B | 121.3B | 70.8B | 92.2B | |
Non Current Assets Total | 1.9T | 1.9T | 1.9T | 2.0T | 2.0T | 2.0T | |
Non Currrent Assets Other | 2.8B | 2.8B | 36.9B | 37.8B | 2.4B | 2.2B | |
Other Assets | 347.9B | 269.9B | 332.4B | 187.9B | 169.1B | 224.5B | |
Long Term Debt | 882.1B | 657.0B | 447.6B | 514.5B | 515.8B | 512.6B | |
Net Receivables | 82.8B | 97.3B | 123.4B | 84.1B | 62.6B | 80.0B | |
Good Will | 40.5B | 43.4B | 43.1B | 56.0B | 57.5B | 50.5B | |
Common Stock Shares Outstanding | 1.2B | 1.2B | 1.2B | 2.4B | 12.5B | 13.1B | |
Short Term Investments | 37.9B | 86.1B | 108.3B | 62.9B | 17.7B | 16.9B | |
Non Current Liabilities Total | 1.1T | 971.1B | 777.6B | 855.5B | 825.9B | 741.9B | |
Capital Lease Obligations | 70.2B | 78.3B | 67.3B | 68.8B | 55.1B | 64.3B | |
Inventory | 310.7B | 332.8B | 488.2B | 544.2B | 491.6B | 434.9B | |
Other Current Assets | 84.1B | 44.5B | 69.6B | 80.2B | 8.9B | 8.5B | |
Other Stockholder Equity | 143.3B | 134.1B | 141.0B | 102.1B | 91.9B | 103.7B | |
Total Liab | 1.7T | 1.7T | 1.7T | 1.8T | 1.8T | 1.9T | |
Deferred Long Term Liab | 241M | 79.5M | 1.1M | 400K | 360K | 342K | |
Net Invested Capital | 1.8T | 1.5T | 1.8T | 1.8T | 1.7T | 1.9T | |
Short Long Term Debt | 211.0B | 149.7B | 240.6B | 265.7B | 300.0B | 245.0B | |
Total Current Assets | 587.3B | 602.1B | 922.6B | 866.1B | 705.5B | 778.0B | |
Net Working Capital | (29.3B) | (106.6B) | 19.7B | (106.3B) | (278.6B) | (264.6B) | |
Intangible Assets | 16.1B | 20.6B | 52.9B | 140.1B | 14.4B | 13.7B | |
Property Plant Equipment | 1.5T | 1.5T | 1.5T | 1.6T | 1.8T | 1.5T | |
Capital Stock | 11.4B | 12.0B | 12.2B | 12.2B | 12.5B | 13.2B |
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Balance Sheet is a snapshot of the financial position of Tata Steel Limited at a specified time, usually calculated after every quarter, six months, or one year. Tata Steel Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tata Steel and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Tata currently owns. An asset can also be divided into two categories, current and non-current.