WESCO Gross Profit vs Tax Provision Analysis

WCC Stock

USD 181.20 6.51 3.73%

WESCO International financial indicator trend analysis is more than just analyzing WESCO International current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WESCO International is a good investment. Please check the relationship between WESCO International Gross Profit and its Tax Provision accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WESCO International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For information on how to trade WESCO Stock refer to our How to Trade WESCO Stock guide.

Gross Profit vs Tax Provision

Gross Profit vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of WESCO International Gross Profit account and Tax Provision. At this time, the significance of the direction appears to have strong relationship.

The correlation between WESCO International's Gross Profit and Tax Provision is 0.77. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Tax Provision in the same time period over historical financial statements of WESCO International, assuming nothing else is changed. The correlation between historical values of WESCO International's Gross Profit and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of WESCO International are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Gross Profit i.e., WESCO International's Gross Profit and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.77

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of WESCO International minus its cost of goods sold. It is profit before WESCO International operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Most indicators from WESCO International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WESCO International 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WESCO International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For information on how to trade WESCO Stock refer to our How to Trade WESCO Stock guide.At present, WESCO International's Enterprise Value Over EBITDA is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 6.95, whereas Tax Provision is forecasted to decline to about 132.7 M.

	2022	2023	2024	2025 (projected)
Gross Profit	4.7B	4.8B	4.7B	4.9B
Total Revenue	21.4B	22.4B	21.8B	22.9B

Gross Profit Total Revenue

WESCO International 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	Accounts Payable	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	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		0.59	0.98	0.99	0.98	0.98	0.49	0.92	0.99	0.93	0.99	-0.53	0.93	0.99	0.46	0.99	0.99	0.62	0.75	1.0	0.83	0.99	0.24	0.96	0.84	0.85
Short Long Term Debt Total	0.59		0.48	0.56	0.51	0.56	0.99	0.36	0.53	0.35	0.63	-0.26	0.35	0.57	0.24	0.64	0.55	0.73	0.87	0.61	0.23	0.55	0.47	0.67	0.49	0.5
Other Current Liab	0.98	0.48		0.99	0.95	0.97	0.37	0.9	0.99	0.95	0.96	-0.61	0.95	0.99	0.5	0.97	0.99	0.51	0.69	0.98	0.85	0.99	0.12	0.93	0.8	0.8
Total Current Liabilities	0.99	0.56	0.99		0.95	0.98	0.46	0.89	0.99	0.94	0.98	-0.59	0.94	0.98	0.44	0.99	0.99	0.6	0.75	1.0	0.82	0.99	0.26	0.97	0.81	0.83
Total Stockholder Equity	0.98	0.51	0.95	0.95		0.94	0.41	0.98	0.96	0.93	0.96	-0.42	0.93	0.97	0.47	0.94	0.97	0.55	0.63	0.95	0.84	0.98	0.13	0.89	0.86	0.86
Property Plant And Equipment Net	0.98	0.56	0.97	0.98	0.94		0.47	0.89	0.98	0.94	0.97	-0.6	0.94	0.97	0.35	0.98	0.98	0.56	0.72	0.99	0.87	0.98	0.26	0.96	0.79	0.8
Net Debt	0.49	0.99	0.37	0.46	0.41	0.47		0.26	0.43	0.23	0.53	-0.2	0.23	0.47	0.2	0.55	0.45	0.71	0.83	0.52	0.12	0.46	0.46	0.59	0.41	0.42
Retained Earnings	0.92	0.36	0.9	0.89	0.98	0.89	0.26		0.91	0.91	0.89	-0.33	0.91	0.92	0.39	0.87	0.92	0.45	0.46	0.88	0.84	0.93	0.04	0.8	0.82	0.83
Accounts Payable	0.99	0.53	0.99	0.99	0.96	0.98	0.43	0.91		0.94	0.96	-0.6	0.94	0.99	0.47	0.98	1.0	0.56	0.72	0.99	0.81	1.0	0.15	0.94	0.8	0.81
Cash	0.93	0.35	0.95	0.94	0.93	0.94	0.23	0.91	0.94		0.91	-0.55	1.0	0.93	0.39	0.91	0.94	0.38	0.56	0.92	0.91	0.94	0.19	0.87	0.76	0.76
Non Current Assets Total	0.99	0.63	0.96	0.98	0.96	0.97	0.53	0.89	0.96	0.91		-0.47	0.91	0.96	0.44	0.99	0.96	0.69	0.78	0.99	0.8	0.97	0.34	0.98	0.85	0.86
Non Currrent Assets Other	-0.53	-0.26	-0.61	-0.59	-0.42	-0.6	-0.2	-0.33	-0.6	-0.55	-0.47		-0.55	-0.57	-0.13	-0.55	-0.59	-0.05	-0.52	-0.56	-0.52	-0.57	-0.04	-0.56	-0.28	-0.25
Cash And Short Term Investments	0.93	0.35	0.95	0.94	0.93	0.94	0.23	0.91	0.94	1.0	0.91	-0.55		0.93	0.39	0.91	0.94	0.38	0.56	0.92	0.91	0.94	0.19	0.87	0.76	0.76
Net Receivables	0.99	0.57	0.99	0.98	0.97	0.97	0.47	0.92	0.99	0.93	0.96	-0.57	0.93		0.49	0.98	1.0	0.55	0.72	0.98	0.82	1.0	0.13	0.93	0.82	0.82
Common Stock Shares Outstanding	0.46	0.24	0.5	0.44	0.47	0.35	0.2	0.39	0.47	0.39	0.44	-0.13	0.39	0.49		0.46	0.45	0.29	0.48	0.45	0.29	0.47	-0.23	0.39	0.35	0.36
Non Current Liabilities Total	0.99	0.64	0.97	0.99	0.94	0.98	0.55	0.87	0.98	0.91	0.99	-0.55	0.91	0.98	0.46		0.98	0.65	0.81	1.0	0.8	0.98	0.29	0.98	0.81	0.82
Inventory	0.99	0.55	0.99	0.99	0.97	0.98	0.45	0.92	1.0	0.94	0.96	-0.59	0.94	1.0	0.45	0.98		0.53	0.71	0.98	0.84	1.0	0.13	0.94	0.8	0.8
Other Current Assets	0.62	0.73	0.51	0.6	0.55	0.56	0.71	0.45	0.56	0.38	0.69	-0.05	0.38	0.55	0.29	0.65	0.53		0.75	0.63	0.18	0.55	0.57	0.71	0.7	0.75
Other Stockholder Equity	0.75	0.87	0.69	0.75	0.63	0.72	0.83	0.46	0.72	0.56	0.78	-0.52	0.56	0.72	0.48	0.81	0.71	0.75		0.79	0.42	0.72	0.48	0.85	0.59	0.61
Total Liab	1.0	0.61	0.98	1.0	0.95	0.99	0.52	0.88	0.99	0.92	0.99	-0.56	0.92	0.98	0.45	1.0	0.98	0.63	0.79		0.81	0.99	0.28	0.98	0.82	0.83
Property Plant And Equipment Gross	0.83	0.23	0.85	0.82	0.84	0.87	0.12	0.84	0.81	0.91	0.8	-0.52	0.91	0.82	0.29	0.8	0.84	0.18	0.42	0.81		0.84	0.1	0.75	0.66	0.63
Total Current Assets	0.99	0.55	0.99	0.99	0.98	0.98	0.46	0.93	1.0	0.94	0.97	-0.57	0.94	1.0	0.47	0.98	1.0	0.55	0.72	0.99	0.84		0.15	0.94	0.82	0.82
Short Term Debt	0.24	0.47	0.12	0.26	0.13	0.26	0.46	0.04	0.15	0.19	0.34	-0.04	0.19	0.13	-0.23	0.29	0.13	0.57	0.48	0.28	0.1	0.15		0.43	0.26	0.3
Intangible Assets	0.96	0.67	0.93	0.97	0.89	0.96	0.59	0.8	0.94	0.87	0.98	-0.56	0.87	0.93	0.39	0.98	0.94	0.71	0.85	0.98	0.75	0.94	0.43		0.79	0.8
Common Stock Total Equity	0.84	0.49	0.8	0.81	0.86	0.79	0.41	0.82	0.8	0.76	0.85	-0.28	0.76	0.82	0.35	0.81	0.8	0.7	0.59	0.82	0.66	0.82	0.26	0.79		0.99
Common Stock	0.85	0.5	0.8	0.83	0.86	0.8	0.42	0.83	0.81	0.76	0.86	-0.25	0.76	0.82	0.36	0.82	0.8	0.75	0.61	0.83	0.63	0.82	0.3	0.8	0.99

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WESCO International Account Relationship Matchups

WESCO International fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	11.9B	12.6B	14.8B	15.1B	15.1B	15.8B
Short Long Term Debt Total	4.9B	4.7B	5.4B	6.0B	634.3M	602.6M
Other Current Liab	622.5M	770.1M	1.0B	948.3M	1.1B	1.2B
Total Current Liabilities	3.0B	3.0B	3.8B	3.4B	3.8B	4.0B
Total Stockholder Equity	3.3B	3.8B	4.4B	5.0B	5.0B	5.2B
Property Plant And Equipment Net	933.9M	909.9M	1.0B	1.2B	1.2B	1.2B
Net Debt	4.4B	4.5B	4.9B	5.4B	(68.3M)	(64.9M)
Retained Earnings	2.6B	3.0B	3.8B	4.4B	5.0B	5.2B
Accounts Payable	1.7B	2.1B	2.7B	2.4B	2.7B	2.8B
Cash	449.1M	212.6M	527.3M	524.1M	702.6M	737.7M
Non Current Assets Total	6.4B	6.3B	6.5B	6.7B	6.7B	7.0B
Non Currrent Assets Other	1.1B	1.1B	234.9M	322.3M	374.1M	355.4M
Cash And Short Term Investments	449.1M	212.6M	527.3M	524.1M	702.6M	737.7M
Net Receivables	2.5B	3.0B	4.1B	4.1B	3.9B	4.1B
Common Stock Shares Outstanding	46.6M	52.0M	52.4M	52.3M	50.6M	53.2M
Liabilities And Stockholders Equity	11.9B	12.6B	14.8B	15.1B	15.1B	15.8B
Non Current Liabilities Total	5.6B	5.8B	6.5B	6.6B	6.3B	6.6B
Inventory	2.2B	2.7B	3.5B	3.6B	3.5B	3.7B
Other Current Assets	427.1M	513.7M	384.5M	225.4M	276.4M	158.0M
Other Stockholder Equity	1.0B	1.0B	1.0B	976.7M	556.5M	582.1M
Total Liab	8.5B	8.8B	10.4B	10.0B	10.1B	10.6B
Property Plant And Equipment Gross	933.9M	379.0M	402.7M	1.7B	1.7B	1.8B
Total Current Assets	5.5B	6.4B	8.3B	8.4B	8.4B	8.8B
Accumulated Other Comprehensive Income	(263.1M)	(236.0M)	(377.8M)	(332M)	(547.2M)	(519.8M)
Short Term Debt	657.2M	139.4M	70.5M	8.6M	19.5M	18.5M
Intangible Assets	2.1B	1.9B	1.9B	1.9B	1.8B	1.9B
Common Stock Total Equity	636K	719K	725K	728K	837.2K	658.9K
Common Stock	719K	725K	728K	700K	805K	667.4K
Other Liab	238.0M	1.2B	1.1B	688.4M	791.6M	831.2M
Other Assets	13.6M	1.1B	1.1B	1.3B	1.5B	1.6B
Long Term Debt	4.4B	4.7B	5.3B	5.3B	5.0B	5.3B
Treasury Stock	(937.2M)	(938.3M)	(956.2M)	(969.2M)	(872.2M)	(828.6M)
Property Plant Equipment	387.5M	399.2M	379.0M	402.7M	463.1M	486.2M
Current Deferred Revenue	24.3M	35.5M	34.2M	191.7M	220.5M	231.5M
Good Will	3.2B	3.2B	3.2B	3.3B	3.3B	1.7B
Net Tangible Assets	189.4M	3.3B	3.8B	4.5B	5.1B	5.4B
Long Term Debt Total	1.3B	4.4B	4.7B	5.3B	6.1B	6.5B

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When determining whether WESCO International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WESCO International'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 Wesco International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Wesco International Stock:

How To Invest In WESCO

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Is WESCO Stock a good investment?

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What is WESCO International's Net Worth?

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Largest Trading Companies & Distributors Companies

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WESCO International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For information on how to trade WESCO Stock refer to our How to Trade WESCO Stock guide.

You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.

Is Trading Companies & Distributors 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 WESCO International. If investors know WESCO 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 WESCO International 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

0.237

Dividend Share

1.65

Earnings Share

13.05

Revenue Per Share

438.129

Quarterly Revenue Growth

0.005

The market value of WESCO International is measured differently than its book value, which is the value of WESCO that is recorded on the company's balance sheet. Investors also form their own opinion of WESCO International's value that differs from its market value or its book value, called intrinsic value, which is WESCO International'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 WESCO International's market value can be influenced by many factors that don't directly affect WESCO International'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 WESCO International's value and its price as these two are different measures arrived at by different means. Investors typically determine if WESCO International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WESCO International'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.

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WESCO Gross Profit vs Tax Provision Analysis

Gross Profit vs Tax Provision

Gross Profit vs Tax Provision Correlation Analysis

Correlation Coefficient

Gross Profit

Tax Provision

WESCO International fundamental ratios Correlations

WESCO International Account Relationship Matchups

High Positive Relationship

High Negative Relationship

WESCO International fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Inventory	+ 1.0	Accounts Payable
Total Current Assets	+ 1.0	Accounts Payable
Cash And Short Term Investments	+ 1.0	Cash
Inventory	+ 1.0	Net Receivables

Non Currrent Assets Other	- 0.61	Other Current Liab
Non Currrent Assets Other	- 0.6	Accounts Payable
Non Currrent Assets Other	- 0.6	Property Plant And Equipment Net
Inventory	- 0.59	Non Currrent Assets Other
Non Currrent Assets Other	- 0.59	Total Current Liabilities
Total Current Assets	- 0.57	Non Currrent Assets Other