Tata Net Income vs Operating 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 Net Income and its Operating 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.

Net Income vs Operating Income

Net Income vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tata Steel Limited Net Income account and Operating Income. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Tata Steel's Net Income and Operating Income is 0.87. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Operating 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 Net Income 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 Net Income of Tata Steel Limited 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 Net Income i.e., Tata Steel's Net Income and Operating Income go up and down completely randomly.

Correlation Coefficient

0.87

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

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.

Operating Income

Operating Income is the amount of profit realized from Tata Steel Limited 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 Tata Steel Limited 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 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

Gross Profit Total Revenue

Tata Steel fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Net Invested Capital
Total Assets		0.15	0.95	0.96	0.85	0.93	-0.59	0.91	0.92	0.51	0.96	0.65	-0.22	-0.69	-0.78	0.76	0.57	-0.79	-0.47	0.86	0.94	0.14	-0.18	0.95	-0.95	0.93
Other Current Liab	0.15		0.08	0.21	0.01	0.06	-0.1	0.37	0.04	0.26	0.12	0.6	0.32	0.01	0.15	-0.14	-0.67	0.11	0.28	0.39	0.13	0.7	0.51	0.03	-0.22	0.03
Total Current Liabilities	0.95	0.08		0.94	0.96	0.94	-0.68	0.86	1.0	0.52	0.88	0.66	-0.45	-0.82	-0.75	0.88	0.63	-0.68	-0.61	0.73	0.99	-0.03	-0.41	0.87	-0.86	0.79
Total Stockholder Equity	0.96	0.21	0.94		0.85	0.97	-0.72	0.97	0.93	0.69	0.86	0.79	-0.17	-0.8	-0.6	0.69	0.45	-0.62	-0.58	0.77	0.95	0.16	-0.15	0.82	-0.86	0.86
Other Liab	0.85	0.01	0.96	0.85		0.9	-0.67	0.73	0.98	0.39	0.8	0.53	-0.56	-0.84	-0.72	0.89	0.66	-0.63	-0.63	0.64	0.92	-0.17	-0.48	0.78	-0.79	0.64
Net Tangible Assets	0.93	0.06	0.94	0.97	0.9		-0.67	0.89	0.95	0.6	0.85	0.67	-0.19	-0.79	-0.63	0.7	0.54	-0.64	-0.58	0.72	0.93	0.04	-0.18	0.8	-0.84	0.82
Net Debt	-0.59	-0.1	-0.68	-0.72	-0.67	-0.67		-0.72	-0.69	-0.75	-0.39	-0.65	0.33	0.95	0.17	-0.52	-0.38	0.07	0.91	-0.37	-0.7	0.31	0.35	-0.38	0.41	-0.37
Retained Earnings	0.91	0.37	0.86	0.97	0.73	0.89	-0.72		0.84	0.77	0.78	0.9	-0.06	-0.75	-0.46	0.58	0.27	-0.5	-0.53	0.73	0.91	0.3	-0.04	0.73	-0.78	0.82
Accounts Payable	0.92	0.04	1.0	0.93	0.98	0.95	-0.69	0.84		0.53	0.85	0.64	-0.47	-0.84	-0.74	0.89	0.64	-0.65	-0.63	0.7	0.98	-0.07	-0.43	0.84	-0.83	0.76
Cash	0.51	0.26	0.52	0.69	0.39	0.6	-0.75	0.77	0.53		0.28	0.83	0.06	-0.67	-0.06	0.3	0.04	0.08	-0.6	0.33	0.6	0.05	-0.08	0.26	-0.28	0.45
Non Current Assets Total	0.96	0.12	0.88	0.86	0.8	0.85	-0.39	0.78	0.85	0.28		0.48	-0.18	-0.52	-0.86	0.71	0.58	-0.91	-0.27	0.9	0.84	0.18	-0.11	0.98	-0.99	0.92
Non Currrent Assets Other	0.65	0.6	0.66	0.79	0.53	0.67	-0.65	0.9	0.64	0.83	0.48		-0.01	-0.63	-0.15	0.4	-0.1	-0.16	-0.42	0.49	0.75	0.45	0.02	0.42	-0.49	0.55
Other Assets	-0.22	0.32	-0.45	-0.17	-0.56	-0.19	0.33	-0.06	-0.47	0.06	-0.18	-0.01		0.51	0.43	-0.78	-0.61	0.21	0.52	0.03	-0.43	0.53	0.95	-0.29	0.11	-0.02
Long Term Debt	-0.69	0.01	-0.82	-0.8	-0.84	-0.79	0.95	-0.75	-0.84	-0.67	-0.52	-0.63	0.51		0.35	-0.71	-0.55	0.25	0.93	-0.41	-0.83	0.32	0.51	-0.52	0.51	-0.47
Net Receivables	-0.78	0.15	-0.75	-0.6	-0.72	-0.63	0.17	-0.46	-0.74	-0.06	-0.86	-0.15	0.43	0.35		-0.81	-0.73	0.85	0.17	-0.75	-0.69	0.12	0.41	-0.91	0.82	-0.74
Good Will	0.76	-0.14	0.88	0.69	0.89	0.7	-0.52	0.58	0.89	0.3	0.71	0.4	-0.78	-0.71	-0.81		0.75	-0.62	-0.57	0.52	0.86	-0.26	-0.75	0.78	-0.65	0.6
Common Stock Shares Outstanding	0.57	-0.67	0.63	0.45	0.66	0.54	-0.38	0.27	0.64	0.04	0.58	-0.1	-0.61	-0.55	-0.73	0.75		-0.64	-0.59	0.33	0.56	-0.6	-0.68	0.66	-0.51	0.53
Short Term Investments	-0.79	0.11	-0.68	-0.62	-0.63	-0.64	0.07	-0.5	-0.65	0.08	-0.91	-0.16	0.21	0.25	0.85	-0.62	-0.64		0.08	-0.72	-0.64	-0.18	0.12	-0.91	0.86	-0.83
Non Current Liabilities Total	-0.47	0.28	-0.61	-0.58	-0.63	-0.58	0.91	-0.53	-0.63	-0.6	-0.27	-0.42	0.52	0.93	0.17	-0.57	-0.59	0.08		-0.13	-0.62	0.53	0.6	-0.31	0.25	-0.3
Capital Lease Obligations	0.86	0.39	0.73	0.77	0.64	0.72	-0.37	0.73	0.7	0.33	0.9	0.49	0.03	-0.41	-0.75	0.52	0.33	-0.72	-0.13		0.69	0.23	0.11	0.87	-0.95	0.79
Inventory	0.94	0.13	0.99	0.95	0.92	0.93	-0.7	0.91	0.98	0.6	0.84	0.75	-0.43	-0.83	-0.69	0.86	0.56	-0.64	-0.62	0.69		0.05	-0.4	0.84	-0.81	0.8
Other Current Assets	0.14	0.7	-0.03	0.16	-0.17	0.04	0.31	0.3	-0.07	0.05	0.18	0.45	0.53	0.32	0.12	-0.26	-0.6	-0.18	0.53	0.23	0.05		0.66	0.09	-0.2	0.26
Other Stockholder Equity	-0.18	0.51	-0.41	-0.15	-0.48	-0.18	0.35	-0.04	-0.43	-0.08	-0.11	0.02	0.95	0.51	0.41	-0.75	-0.68	0.12	0.6	0.11	-0.4	0.66		-0.24	0.02	-0.04
Total Liab	0.95	0.03	0.87	0.82	0.78	0.8	-0.38	0.73	0.84	0.26	0.98	0.42	-0.29	-0.52	-0.91	0.78	0.66	-0.91	-0.31	0.87	0.84	0.09	-0.24		-0.95	0.92
Deferred Long Term Liab	-0.95	-0.22	-0.86	-0.86	-0.79	-0.84	0.41	-0.78	-0.83	-0.28	-0.99	-0.49	0.11	0.51	0.82	-0.65	-0.51	0.86	0.25	-0.95	-0.81	-0.2	0.02	-0.95		-0.88
Net Invested Capital	0.93	0.03	0.79	0.86	0.64	0.82	-0.37	0.82	0.76	0.45	0.92	0.55	-0.02	-0.47	-0.74	0.6	0.53	-0.83	-0.3	0.79	0.8	0.26	-0.04	0.92	-0.88

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Tata Steel Account Relationship Matchups

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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Other Information on Investing in Tata Stock

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.

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Tata Net Income vs Operating Income Analysis

Net Income vs Operating Income

Net Income vs Operating Income Correlation Analysis

Correlation Coefficient

Net Income

Operating Income

Tata Steel fundamental ratios Correlations

Tata Steel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tata Steel fundamental ratios Accounts

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Other Information on Investing in Tata Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Accounts Payable	+ 1.0	Total Current Liabilities
Inventory	+ 0.99	Total Current Liabilities
Accounts Payable	+ 0.98	Other Liab
Inventory	+ 0.98	Accounts Payable
Total Liab	+ 0.98	Non Current Assets Total
Net Tangible Assets	+ 0.97	Total Stockholder Equity

Deferred Long Term Liab	- 0.99	Non Current Assets Total
Deferred Long Term Liab	- 0.95	Total Liab
Deferred Long Term Liab	- 0.95	Capital Lease Obligations
Deferred Long Term Liab	- 0.95	Total Assets
Total Liab	- 0.91	Short Term Investments
Total Liab	- 0.91	Net Receivables