Wex Net Income vs Depreciation Analysis

WEX Stock

USD 170.20 2.75 1.64%

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

Net Income vs Depreciation

Net Income vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wex Inc Net Income account and Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Wex's Net Income and Depreciation is -0.23. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Depreciation in the same time period over historical financial statements of Wex Inc, assuming nothing else is changed. The correlation between historical values of Wex's Net Income and Depreciation 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 Wex Inc are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Net Income i.e., Wex's Net Income and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.23

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Wex Inc financial statement analysis. It represents the amount of money remaining after all of Wex Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Depreciation

Depreciation indicates how much of Wex Inc value has been used up. For tax purposes Wex can deduct the cost of the tangible assets it purchases as business expenses. However, Wex Inc 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.

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

At this time, Wex's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.29 in 2024, whereas Tax Provision is likely to drop slightly above 62.2 M in 2024.

	2021	2023	2024 (projected)
Interest Expense	128.4M	157.2M	165.0M
Depreciation And Amortization	272.6M	276.2M	290.0M

Interest Expense Depreciation And Amortization

Wex fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Common Stock Shares Outstanding	Total Liab	Short Long Term Debt Total	Other Current Liab	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Property Plant And Equipment Gross
Total Assets		0.94	0.66	0.86	1.0	0.96	0.91	0.04	0.95	0.44	0.93	0.67	0.98	0.92	0.93	0.28	0.71	0.89	0.91	0.77	0.96	-0.42	0.84	0.65	0.91	0.93
Total Current Liabilities	0.94		0.41	0.75	0.96	0.82	0.99	0.05	0.87	0.35	0.78	0.45	0.93	0.85	0.77	-0.02	0.68	0.81	0.98	0.62	0.83	-0.25	0.95	0.36	0.96	0.96
Total Stockholder Equity	0.66	0.41		0.73	0.6	0.78	0.36	-0.14	0.67	0.57	0.78	0.93	0.66	0.7	0.85	0.68	0.47	0.73	0.32	0.87	0.8	-0.59	0.19	0.9	0.39	0.43
Common Stock Shares Outstanding	0.86	0.75	0.73		0.83	0.88	0.72	-0.31	0.8	0.69	0.85	0.59	0.86	0.85	0.91	0.39	0.65	0.91	0.66	0.69	0.91	-0.22	0.55	0.64	0.74	0.75
Total Liab	1.0	0.96	0.6	0.83		0.93	0.94	0.06	0.94	0.39	0.9	0.62	0.98	0.91	0.9	0.23	0.71	0.86	0.94	0.75	0.94	-0.39	0.88	0.6	0.93	0.95
Short Long Term Debt Total	0.96	0.82	0.78	0.88	0.93		0.78	-0.12	0.97	0.5	0.99	0.75	0.92	0.91	0.97	0.42	0.7	0.9	0.79	0.76	0.98	-0.44	0.69	0.74	0.78	0.79
Other Current Liab	0.91	0.99	0.36	0.72	0.94	0.78		0.09	0.82	0.34	0.73	0.4	0.9	0.82	0.73	-0.04	0.7	0.79	0.97	0.59	0.8	-0.2	0.95	0.33	0.98	0.97
Other Liab	0.04	0.05	-0.14	-0.31	0.06	-0.12	0.09		-0.09	-0.23	-0.12	0.05	0.05	-0.11	-0.1	-0.01	-0.1	-0.18	0.11	0.14	-0.06	-0.52	0.17	0.04	0.07	0.16
Property Plant And Equipment Net	0.95	0.87	0.67	0.8	0.94	0.97	0.82	-0.09		0.37	0.96	0.7	0.91	0.89	0.91	0.34	0.63	0.85	0.86	0.71	0.92	-0.41	0.78	0.63	0.8	0.82
Current Deferred Revenue	0.44	0.35	0.57	0.69	0.39	0.5	0.34	-0.23	0.37		0.49	0.31	0.42	0.48	0.58	0.14	0.52	0.71	0.23	0.37	0.59	-0.11	0.14	0.38	0.38	0.35
Net Debt	0.93	0.78	0.78	0.85	0.9	0.99	0.73	-0.12	0.96	0.49		0.74	0.88	0.84	0.96	0.46	0.65	0.85	0.75	0.74	0.96	-0.45	0.66	0.75	0.74	0.76
Retained Earnings	0.67	0.45	0.93	0.59	0.62	0.75	0.4	0.05	0.7	0.31	0.74		0.67	0.68	0.78	0.66	0.36	0.64	0.4	0.92	0.74	-0.68	0.28	0.88	0.4	0.46
Accounts Payable	0.98	0.93	0.66	0.86	0.98	0.92	0.9	0.05	0.91	0.42	0.88	0.67		0.92	0.9	0.25	0.65	0.88	0.88	0.8	0.93	-0.46	0.81	0.61	0.87	0.91
Cash	0.92	0.85	0.7	0.85	0.91	0.91	0.82	-0.11	0.89	0.48	0.84	0.68	0.92		0.89	0.24	0.75	0.93	0.81	0.73	0.92	-0.39	0.7	0.63	0.82	0.79
Non Current Assets Total	0.93	0.77	0.85	0.91	0.9	0.97	0.73	-0.1	0.91	0.58	0.96	0.78	0.9	0.89		0.52	0.7	0.9	0.7	0.8	0.99	-0.48	0.6	0.82	0.76	0.78
Non Currrent Assets Other	0.28	-0.02	0.68	0.39	0.23	0.42	-0.04	-0.01	0.34	0.14	0.46	0.66	0.25	0.24	0.52		0.07	0.27	-0.07	0.5	0.43	-0.5	-0.16	0.77	0.02	0.11
Other Assets	0.71	0.68	0.47	0.65	0.71	0.7	0.7	-0.1	0.63	0.52	0.65	0.36	0.65	0.75	0.7	0.07		0.74	0.65	0.41	0.74	-0.23	0.58	0.43	0.78	0.62
Long Term Debt	0.89	0.81	0.73	0.91	0.86	0.9	0.79	-0.18	0.85	0.71	0.85	0.64	0.88	0.93	0.9	0.27	0.74		0.73	0.7	0.93	-0.31	0.62	0.59	0.78	0.77
Cash And Short Term Investments	0.91	0.98	0.32	0.66	0.94	0.79	0.97	0.11	0.86	0.23	0.75	0.4	0.88	0.81	0.7	-0.07	0.65	0.73		0.56	0.77	-0.21	0.98	0.33	0.94	0.94
Net Receivables	0.77	0.62	0.87	0.69	0.75	0.76	0.59	0.14	0.71	0.37	0.74	0.92	0.8	0.73	0.8	0.5	0.41	0.7	0.56		0.79	-0.6	0.46	0.83	0.58	0.66
Good Will	0.96	0.83	0.8	0.91	0.94	0.98	0.8	-0.06	0.92	0.59	0.96	0.74	0.93	0.92	0.99	0.43	0.74	0.93	0.77	0.79		-0.47	0.67	0.77	0.82	0.83
Common Stock Total Equity	-0.42	-0.25	-0.59	-0.22	-0.39	-0.44	-0.2	-0.52	-0.41	-0.11	-0.45	-0.68	-0.46	-0.39	-0.48	-0.5	-0.23	-0.31	-0.21	-0.6	-0.47		-0.14	-0.55	-0.18	-0.24
Short Term Investments	0.84	0.95	0.19	0.55	0.88	0.69	0.95	0.17	0.78	0.14	0.66	0.28	0.81	0.7	0.6	-0.16	0.58	0.62	0.98	0.46	0.67	-0.14		0.22	0.91	0.92
Non Current Liabilities Total	0.65	0.36	0.9	0.64	0.6	0.74	0.33	0.04	0.63	0.38	0.75	0.88	0.61	0.63	0.82	0.77	0.43	0.59	0.33	0.83	0.77	-0.55	0.22		0.41	0.46
Other Current Assets	0.91	0.96	0.39	0.74	0.93	0.78	0.98	0.07	0.8	0.38	0.74	0.4	0.87	0.82	0.76	0.02	0.78	0.78	0.94	0.58	0.82	-0.18	0.91	0.41		0.96
Property Plant And Equipment Gross	0.93	0.96	0.43	0.75	0.95	0.79	0.97	0.16	0.82	0.35	0.76	0.46	0.91	0.79	0.78	0.11	0.62	0.77	0.94	0.66	0.83	-0.24	0.92	0.46	0.96

Click cells to compare fundamentals

Wex Account Relationship Matchups

Wex fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.3B	8.2B	10.3B	11.5B	13.9B	14.6B
Total Current Liabilities	3.0B	2.7B	4.4B	6.3B	8.5B	8.9B
Total Stockholder Equity	1.9B	1.9B	1.8B	1.6B	1.8B	1.1B
Common Stock Shares Outstanding	43.8M	43.8M	45.3M	44.7M	43.3M	45.2M
Liabilities And Stockholders Equity	8.3B	8.2B	10.3B	11.5B	13.9B	14.6B
Total Liab	6.2B	6.1B	8.2B	9.9B	12.1B	12.7B
Short Long Term Debt Total	2.9B	3.0B	2.9B	2.7B	3.9B	4.1B
Other Current Liab	1.3B	1.8B	3.2B	4.9B	6.0B	6.3B
Other Liab	387.6M	368.7M	1.1B	815.1M	937.4M	838.1M
Property Plant And Equipment Net	212.5M	188.3M	179.5M	202.2M	304.7M	319.9M
Current Deferred Revenue	486.1M	840.1M	1.1B	13.4M	195.9M	199.9M
Net Debt	2.1B	2.2B	2.3B	1.8B	2.9B	3.0B
Retained Earnings	1.5B	1.3B	1.3B	1.5B	1.8B	923.0M
Accounts Payable	969.8M	778.2M	1.0B	1.2B	1.3B	1.4B
Cash	810.9M	852.0M	588.9M	922.0M	975.8M	1.0B
Non Current Assets Total	4.5B	4.7B	5.0B	4.7B	4.9B	5.2B
Non Currrent Assets Other	184.0M	197.2M	231.1M	246M	87.2M	135.3M
Other Assets	128.5M	1.8B	673.6M	951.1M	1.1B	1.1B
Long Term Debt	2.7B	2.9B	2.7B	2.5B	2.8B	3.0B
Cash And Short Term Investments	810.9M	852.0M	1.5B	2.3B	4.0B	4.2B
Net Receivables	2.7B	2.0B	2.9B	3.3B	3.6B	1.9B
Good Will	2.4B	2.7B	2.9B	2.7B	3.0B	3.2B
Common Stock Total Equity	475K	477K	485K	492K	442.8K	420.7K
Short Term Investments	2.4M	37.3M	948.7M	1.4B	3.0B	3.2B
Non Current Liabilities Total	3.2B	3.4B	3.8B	3.6B	3.5B	2.1B
Other Current Assets	87.7M	657.5M	870.7M	1.2B	1.4B	1.4B
Property Plant And Equipment Gross	212.5M	188.3M	637.6M	732.2M	787.1M	826.5M
Total Current Assets	3.8B	3.5B	5.3B	6.8B	8.9B	9.4B
Accumulated Other Comprehensive Income	(115.4M)	(82.9M)	(122.5M)	(306.3M)	(229.2M)	(217.7M)
Short Term Debt	248.5M	152.7M	155.8M	214.4M	1.0B	1.1B
Intangible Assets	1.6B	1.6B	1.6B	1.5B	1.5B	1.5B
Common Stock	475K	477K	485K	492K	495K	500K
Property Plant Equipment	212.5M	188.3M	179.5M	202.2M	232.6M	244.2M
Other Stockholder Equity	502.7M	700.4M	671.7M	464.8M	292.2M	244.8M
Inventory	123.4M	282.6M	570.9M	793.1M	1.1B	0.95
Net Tangible Assets	(1.9B)	(2.2B)	(2.7B)	(2.6B)	(2.3B)	(2.2B)
Noncontrolling Interest In Consolidated Entity	9.2M	10.2M	9.6M	13.0M	15.0M	15.7M
Retained Earnings Total Equity	1.5B	1.5B	1.3B	1.3B	1.5B	1.2B

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.

C	Citigroup
GM	General Motors
F	Ford Motor

Additional Tools for Wex Stock Analysis

When running Wex's price analysis, check to measure Wex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Wex is operating at the current time. Most of Wex's value examination focuses on studying past and present price action to predict the probability of Wex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wex's price. Additionally, you may evaluate how the addition of Wex to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Wex Net Income vs Depreciation Analysis

Net Income vs Depreciation

Net Income vs Depreciation Correlation Analysis

Correlation Coefficient

Net Income

Depreciation

Wex fundamental ratios Correlations

Wex Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Wex fundamental ratios Accounts

Also Currently Popular

Additional Tools for Wex Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Other Current Liab	+ 0.99	Total Current Liabilities
Net Debt	+ 0.99	Short Long Term Debt Total
Good Will	+ 0.99	Non Current Assets Total
Accounts Payable	+ 0.98	Total Assets
Cash And Short Term Investments	+ 0.98	Total Current Liabilities

Common Stock Total Equity	- 0.68	Retained Earnings
Common Stock Total Equity	- 0.6	Net Receivables
Common Stock Total Equity	- 0.59	Total Stockholder Equity
Non Current Liabilities Total	- 0.55	Common Stock Total Equity
Common Stock Total Equity	- 0.52	Other Liab
Common Stock Total Equity	- 0.5	Non Currrent Assets Other