Voya Depreciation vs Net Income Analysis
| VOYA Stock | USD 67.73 0.52 0.77% |
Voya Financial financial indicator trend analysis is much more than just breaking down Voya Financial prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Voya Financial is a good investment. Please check the relationship between Voya Financial Depreciation and its Net Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Voya Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. For information on how to trade Voya Stock refer to our How to Trade Voya Stock guide.
Depreciation vs Net Income
Depreciation vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Voya Financial Depreciation account and Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Voya Financial's Depreciation and Net Income is -0.47. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Net Income in the same time period over historical financial statements of Voya Financial, assuming nothing else is changed. The correlation between historical values of Voya Financial's Depreciation 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 Depreciation of Voya Financial 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 Depreciation i.e., Voya Financial's Depreciation and Net Income go up and down completely randomly.
Correlation Coefficient | -0.47 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Depreciation
Depreciation indicates how much of Voya Financial value has been used up. For tax purposes Voya Financial can deduct the cost of the tangible assets it purchases as business expenses. However, Voya Financial must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Voya Financial financial statement analysis. It represents the amount of money remaining after all of Voya Financial operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Voya Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Voya Financial 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 Voya Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. For information on how to trade Voya Stock refer to our How to Trade Voya Stock guide.At present, Voya Financial's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Discontinued Operations is expected to grow to about 11.3 M, whereas Tax Provision is projected to grow to (83.6 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 3.2B | 5.9B | 7.3B | 6.8B | Interest Expense | 186M | 134M | 298M | 229.2M |
Voya Financial fundamental ratios Correlations
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Voya Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Voya Financial fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 169.1B | 180.3B | 171.3B | 147.7B | 157.1B | 198.5B | |
| Total Current Liabilities | 209.4B | 144.1B | 1M | 141M | (10.2B) | (9.7B) | |
| Total Stockholder Equity | 9.4B | 10.2B | 8.3B | 4.5B | 4.2B | 7.7B | |
| Other Liab | 135.3B | 147.0B | 157.7B | 137.5B | 158.1B | 152.3B | |
| Net Tangible Assets | 9.4B | 10.1B | 8.3B | 3.7B | 4.2B | 4.0B | |
| Noncontrolling Interest In Consolidated Entity | 822M | 1.1B | 1.6B | 1.5B | 1.7B | 1.4B | |
| Retained Earnings | (4.6B) | (4.9B) | (1.3B) | (342M) | 505M | 530.3M | |
| Cash | 1.2B | 1.5B | 1.4B | 919M | 1.1B | 1.4B | |
| Other Assets | 158.9B | 79.9B | 152.2B | 127.3B | 2.1B | 2.0B | |
| Long Term Debt | 3.0B | 4.2B | 2.6B | 2.1B | 3.4B | 3.8B | |
| Net Receivables | 5.2B | 4.7B | 14.6B | 15.3B | 12.0B | 8.6B | |
| Retained Earnings Total Equity | (4.6B) | (5.0B) | (1.3B) | (342M) | (393.3M) | (413.0M) | |
| Common Stock Shares Outstanding | 141M | 127.4M | 125.8M | 110.2M | 108.8M | 156.2M | |
| Short Term Investments | 1.9B | 44.8B | 1.5B | 1.6B | 213M | 202.4M | |
| Inventory | (3.5B) | (3.1B) | (3.4B) | (3.2B) | (38.7B) | (36.8B) | |
| Other Current Assets | 3.5B | 3.1B | 3.4B | 3.2B | 3.1B | 3.2B | |
| Other Stockholder Equity | 10.7B | 10.2B | 7.5B | 6.6B | 6.1B | 5.8B | |
| Total Liab | 158.8B | 169.0B | 161.4B | 141.5B | 151.0B | 186.4B | |
| Deferred Long Term Liab | 111M | 107M | 104M | 100M | 115M | 96.0M | |
| Long Term Investments | 56.4B | 60.1B | 1.5B | 1.6B | 32.4B | 38.4B | |
| Total Current Assets | 8.3B | 51.1B | 17.6B | 17.8B | 937M | 890.2M | |
| Accumulated Other Comprehensive Income | 3.3B | 4.9B | 2.1B | (1.8B) | (2.4B) | (2.3B) | |
| Treasury Stock | (460M) | (1.0B) | (80M) | (39M) | (35.1M) | (36.9M) | |
| Intangible Assets | 2.2B | 1.5B | 97M | 631M | 857M | 1.6B | |
| Short Long Term Debt Total | 3.0B | 4.2B | 2.8B | 2.6B | 3.4B | 6.3B | |
| Net Debt | 1.9B | 1.5B | 1.2B | 1.3B | 2.3B | 3.1B | |
| Non Current Assets Total | 1.9B | 49.3B | 1.5B | 2.6B | 156.1B | 164.0B | |
| Non Currrent Assets Other | (816M) | (840M) | (875M) | (909M) | 149.7B | 157.2B | |
| Cash And Short Term Investments | 3.1B | 46.3B | 2.9B | 2.5B | 937M | 890.2M | |
| Liabilities And Stockholders Equity | 169.1B | 180.3B | 171.3B | 147.7B | 157.1B | 154.7B |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Voya Financial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Voya Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Voya Financial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Voya Financial Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Voya Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. For information on how to trade Voya Stock refer to our How to Trade Voya Stock guide.You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Is Diversified Financial Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Voya Financial. If investors know Voya will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Voya Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.57) | Dividend Share 1.65 | Earnings Share 6.31 | Revenue Per Share 77.658 | Quarterly Revenue Growth 0.073 |
The market value of Voya Financial is measured differently than its book value, which is the value of Voya that is recorded on the company's balance sheet. Investors also form their own opinion of Voya Financial's value that differs from its market value or its book value, called intrinsic value, which is Voya Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Voya Financial's market value can be influenced by many factors that don't directly affect Voya Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Voya Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Voya Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Voya Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.