WDFC Depreciation vs Net Income Analysis

WDFC Stock

USD 231.78 0.52 0.22%

WD 40 financial indicator trend analysis is more than just analyzing WD 40 Company current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WD 40 Company is a good investment. Please check the relationship between WD 40 Depreciation and its Net Income accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WD 40 Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

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 WD 40 Company Depreciation account and Net Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between WD 40's Depreciation and Net Income is 0.96. 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 WD 40 Company, assuming nothing else is changed. The correlation between historical values of WD 40'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 WD 40 Company 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., WD 40's Depreciation and Net Income go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Depreciation

Depreciation indicates how much of WD 40 Company value has been used up. For tax purposes WD 40 can deduct the cost of the tangible assets it purchases as business expenses. However, WD 40 Company 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 WD 40 Company financial statement analysis. It represents the amount of money remaining after all of WD 40 Company operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from WD 40's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WD 40 Company 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 WD 40 Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

At present, WD 40's Enterprise Value Over EBITDA is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 32.49, whereas Tax Provision is forecasted to decline to about 20.2 M.

	2022	2023	2024	2025 (projected)
Gross Profit	274.2M	315.2M	362.5M	380.6M
Total Revenue	537.3M	590.6M	679.1M	713.1M

Gross Profit Total Revenue

WD 40 fundamental ratios Correlations

	Total Assets	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	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Non Current Liabilities Total	Accounts Payable	Short Long Term Debt Total	Short Term Debt	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		0.67	0.69	0.94	0.77	0.59	0.91	0.37	0.97	0.8	0.13	0.93	-0.68	0.85	0.67	-0.73	0.95	0.78	0.98	0.7	0.93	0.64	-0.07	-0.5	-0.77	-0.77
Other Current Liab	0.67		0.24	0.64	0.65	0.35	0.73	0.2	0.63	0.75	-0.12	0.74	-0.72	0.69	0.54	-0.62	0.63	0.72	0.68	0.6	0.74	0.34	-0.07	-0.59	-0.28	-0.28
Total Current Liabilities	0.69	0.24		0.75	0.35	0.21	0.51	0.33	0.64	0.51	0.16	0.6	-0.2	0.57	0.53	-0.26	0.57	0.41	0.7	0.02	0.62	0.27	0.11	-0.08	-0.63	-0.63
Total Stockholder Equity	0.94	0.64	0.75		0.72	0.31	0.85	0.41	0.93	0.84	0.01	0.93	-0.58	0.82	0.59	-0.58	0.79	0.79	0.91	0.46	0.94	0.36	-0.11	-0.41	-0.69	-0.69
Property Plant And Equipment Net	0.77	0.65	0.35	0.72		0.51	0.93	0.11	0.83	0.82	-0.42	0.88	-0.87	0.87	0.69	-0.9	0.73	0.94	0.68	0.66	0.87	0.46	-0.6	-0.91	-0.34	-0.34
Net Debt	0.59	0.35	0.21	0.31	0.51		0.61	-0.18	0.55	0.41	0.15	0.49	-0.6	0.58	0.59	-0.73	0.79	0.41	0.61	0.82	0.45	0.88	-0.01	-0.52	-0.46	-0.46
Retained Earnings	0.91	0.73	0.51	0.85	0.93	0.61		0.14	0.95	0.87	-0.22	0.97	-0.88	0.9	0.72	-0.9	0.88	0.92	0.85	0.73	0.93	0.56	-0.35	-0.78	-0.58	-0.58
Cash	0.37	0.2	0.33	0.41	0.11	-0.18	0.14		0.36	0.0	0.52	0.17	0.16	0.04	0.12	-0.02	0.31	0.03	0.36	0.15	0.28	0.27	0.17	0.2	-0.55	-0.55
Non Current Assets Total	0.97	0.63	0.64	0.93	0.83	0.55	0.95	0.36		0.78	-0.01	0.93	-0.71	0.84	0.68	-0.8	0.91	0.81	0.91	0.68	0.92	0.59	-0.2	-0.57	-0.78	-0.78
Non Currrent Assets Other	0.8	0.75	0.51	0.84	0.82	0.41	0.87	0.0	0.78		-0.32	0.93	-0.79	0.91	0.63	-0.68	0.69	0.92	0.79	0.49	0.92	0.29	-0.32	-0.7	-0.3	-0.3
Cash And Short Term Investments	0.13	-0.12	0.16	0.01	-0.42	0.15	-0.22	0.52	-0.01	-0.32		-0.18	0.37	-0.31	-0.23	0.29	0.23	-0.4	0.24	0.17	-0.14	0.39	0.65	0.6	-0.43	-0.43
Net Receivables	0.93	0.74	0.6	0.93	0.88	0.49	0.97	0.17	0.93	0.93	-0.18		-0.83	0.89	0.64	-0.78	0.83	0.94	0.88	0.62	0.96	0.43	-0.29	-0.68	-0.55	-0.55
Common Stock Shares Outstanding	-0.68	-0.72	-0.2	-0.58	-0.87	-0.6	-0.88	0.16	-0.71	-0.79	0.37	-0.83		-0.75	-0.56	0.85	-0.69	-0.89	-0.62	-0.7	-0.75	-0.43	0.45	0.88	0.21	0.21
Inventory	0.85	0.69	0.57	0.82	0.87	0.58	0.9	0.04	0.84	0.91	-0.31	0.89	-0.75		0.81	-0.78	0.79	0.86	0.82	0.58	0.92	0.5	-0.28	-0.74	-0.44	-0.44
Other Current Assets	0.67	0.54	0.53	0.59	0.69	0.59	0.72	0.12	0.68	0.63	-0.23	0.64	-0.56	0.81		-0.75	0.67	0.58	0.63	0.47	0.67	0.63	-0.27	-0.62	-0.48	-0.48
Other Stockholder Equity	-0.73	-0.62	-0.26	-0.58	-0.9	-0.73	-0.9	-0.02	-0.8	-0.68	0.29	-0.78	0.85	-0.78	-0.75		-0.79	-0.79	-0.65	-0.79	-0.73	-0.68	0.43	0.87	0.47	0.47
Total Liab	0.95	0.63	0.57	0.79	0.73	0.79	0.88	0.31	0.91	0.69	0.23	0.83	-0.69	0.79	0.67	-0.79		0.69	0.94	0.84	0.83	0.82	-0.03	-0.53	-0.76	-0.76
Property Plant And Equipment Gross	0.78	0.72	0.41	0.79	0.94	0.41	0.92	0.03	0.81	0.92	-0.4	0.94	-0.89	0.86	0.58	-0.79	0.69		0.72	0.56	0.91	0.3	-0.53	-0.83	-0.29	-0.29
Total Current Assets	0.98	0.68	0.7	0.91	0.68	0.61	0.85	0.36	0.91	0.79	0.24	0.88	-0.62	0.82	0.63	-0.65	0.94	0.72		0.68	0.9	0.65	0.04	-0.42	-0.73	-0.73
Non Current Liabilities Total	0.7	0.6	0.02	0.46	0.66	0.82	0.73	0.15	0.68	0.49	0.17	0.62	-0.7	0.58	0.47	-0.79	0.84	0.56	0.68		0.6	0.82	-0.11	-0.59	-0.51	-0.51
Accounts Payable	0.93	0.74	0.62	0.94	0.87	0.45	0.93	0.28	0.92	0.92	-0.14	0.96	-0.75	0.92	0.67	-0.73	0.83	0.91	0.9	0.6		0.45	-0.3	-0.65	-0.54	-0.54
Short Long Term Debt Total	0.64	0.34	0.27	0.36	0.46	0.88	0.56	0.27	0.59	0.29	0.39	0.43	-0.43	0.5	0.63	-0.68	0.82	0.3	0.65	0.82	0.45		0.08	-0.37	-0.65	-0.65
Short Term Debt	-0.07	-0.07	0.11	-0.11	-0.6	-0.01	-0.35	0.17	-0.2	-0.32	0.65	-0.29	0.45	-0.28	-0.27	0.43	-0.03	-0.53	0.04	-0.11	-0.3	0.08		0.68	-0.25	-0.25
Intangible Assets	-0.5	-0.59	-0.08	-0.41	-0.91	-0.52	-0.78	0.2	-0.57	-0.7	0.6	-0.68	0.88	-0.74	-0.62	0.87	-0.53	-0.83	-0.42	-0.59	-0.65	-0.37	0.68		0.03	0.03
Common Stock Total Equity	-0.77	-0.28	-0.63	-0.69	-0.34	-0.46	-0.58	-0.55	-0.78	-0.3	-0.43	-0.55	0.21	-0.44	-0.48	0.47	-0.76	-0.29	-0.73	-0.51	-0.54	-0.65	-0.25	0.03		1.0
Common Stock	-0.77	-0.28	-0.63	-0.69	-0.34	-0.46	-0.58	-0.55	-0.78	-0.3	-0.43	-0.55	0.21	-0.44	-0.48	0.47	-0.76	-0.29	-0.73	-0.51	-0.54	-0.65	-0.25	0.03	1.0

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WD 40 Account Relationship Matchups

WD 40 fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	430.2M	434.3M	438.0M	449.0M	516.4M	542.2M
Other Current Liab	45.7M	32.1M	35.8M	45.0M	51.7M	54.3M
Total Current Liabilities	85.9M	110.8M	88.8M	103.5M	119.0M	125.0M
Total Stockholder Equity	200.4M	188.6M	210.2M	230.5M	265.1M	278.4M
Property Plant And Equipment Net	79.0M	73.5M	74.6M	74.6M	85.8M	90.1M
Net Debt	36.8M	114.5M	80.4M	56.1M	64.6M	67.8M
Retained Earnings	430.7M	456.1M	477.5M	499.9M	574.9M	603.7M
Cash	86.0M	37.8M	48.1M	46.7M	53.7M	36.6M
Non Current Assets Total	189.0M	184.7M	189.4M	193.6M	222.6M	233.8M
Non Currrent Assets Other	6.0M	9.7M	13.5M	14.8M	17.0M	17.9M
Cash And Short Term Investments	86.0M	37.8M	48.1M	46.7M	53.7M	44.1M
Net Receivables	89.6M	89.9M	98.0M	117.5M	135.1M	141.9M
Common Stock Shares Outstanding	13.7M	13.7M	13.6M	13.6M	12.2M	12.3M
Liabilities And Stockholders Equity	430.2M	434.3M	438.0M	449.0M	516.4M	542.2M
Inventory	55.8M	104.1M	86.5M	79.1M	91.0M	95.5M
Other Current Assets	9.9M	17.8M	15.8M	12.2M	14.0M	8.2M
Other Stockholder Equity	(204.3M)	(231.3M)	(236.1M)	(240.2M)	(216.1M)	(205.3M)
Total Liab	229.8M	245.7M	227.8M	218.5M	251.3M	263.9M
Property Plant And Equipment Gross	79.0M	73.5M	74.6M	121.1M	139.3M	146.2M
Total Current Assets	241.2M	249.6M	248.5M	255.4M	293.8M	308.4M
Accumulated Other Comprehensive Income	(26.0M)	(36.2M)	(31.2M)	(29.3M)	(26.3M)	(25.0M)
Non Current Liabilities Total	143.9M	134.9M	138.9M	115.0M	132.3M	138.9M
Accounts Payable	33.5M	32.9M	30.8M	36.0M	41.4M	43.4M
Short Long Term Debt Total	122.8M	152.3M	128.5M	102.8M	118.3M	71.8M
Short Term Debt	2.7M	40.9M	12.9M	11.0M	12.6M	23.4M
Intangible Assets	7.2M	5.6M	4.7M	6.2M	5.6M	5.3M
Other Liab	22.6M	21.9M	21.7M	23.4M	26.9M	28.2M
Other Assets	12.4M	6.9M	10.4M	14.7M	16.9M	17.7M
Long Term Debt	114.9M	107.1M	109.7M	86.0M	98.9M	72.5M
Good Will	95.9M	95.2M	95.5M	97.0M	87.3M	82.9M
Property Plant Equipment	60.8M	79.0M	73.5M	74.6M	85.8M	90.1M
Current Deferred Revenue	3.7M	5.0M	4.6M	4.3M	3.9M	3.7M
Net Tangible Assets	55.9M	97.3M	87.9M	110.0M	126.5M	64.1M

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When determining whether WD 40 Company offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WD 40'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 Wd 40 Company Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Wd 40 Company Stock:

How To Invest In WDFC

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Is WDFC Stock a good investment?

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What is WD 40's Net Worth?

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Largest Household Products Companies

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Largest Household & Personal Products Companies

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WD 40 Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

Is Household Products 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 WD 40. If investors know WDFC 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 WD 40 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

0.016

Earnings Share

5.24

Revenue Per Share

43.571

Quarterly Revenue Growth

0.111

Return On Assets

0.1358

The market value of WD 40 Company is measured differently than its book value, which is the value of WDFC that is recorded on the company's balance sheet. Investors also form their own opinion of WD 40's value that differs from its market value or its book value, called intrinsic value, which is WD 40'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 WD 40's market value can be influenced by many factors that don't directly affect WD 40'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 WD 40's value and its price as these two are different measures arrived at by different means. Investors typically determine if WD 40 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WD 40'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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WDFC Depreciation vs Net Income Analysis

Depreciation vs Net Income

Depreciation vs Net Income Correlation Analysis

Correlation Coefficient

Depreciation

Net Income

WD 40 fundamental ratios Correlations

WD 40 Account Relationship Matchups

High Positive Relationship

High Negative Relationship

WD 40 fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Total Equity
Total Current Assets	+ 0.98	Total Assets
Non Current Assets Total	+ 0.97	Total Assets
Net Receivables	+ 0.97	Retained Earnings
Accounts Payable	+ 0.96	Net Receivables
Total Liab	+ 0.95	Total Assets

Intangible Assets	- 0.91	Property Plant And Equipment Net
Other Stockholder Equity	- 0.9	Retained Earnings
Other Stockholder Equity	- 0.9	Property Plant And Equipment Net
Property Plant And Equipment Gross	- 0.89	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.88	Retained Earnings
Common Stock Shares Outstanding	- 0.87	Property Plant And Equipment Net