Public Income Before Tax vs Operating Income Analysis

0KS2 Stock

84.35 0.46 0.55%

Public Service financial indicator trend analysis is much more than just breaking down Public Service Enterprise prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Public Service Enterprise is a good investment. Please check the relationship between Public Service Income Before Tax and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Public Service Enterprise. 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.

Income Before Tax vs Operating Income

Income Before Tax vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Public Service Enterprise Income Before Tax account and Operating Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between Public Service's Income Before Tax and Operating Income is 0.63. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Operating Income in the same time period over historical financial statements of Public Service Enterprise, assuming nothing else is changed. The correlation between historical values of Public Service's Income Before Tax 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 Income Before Tax of Public Service Enterprise 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 Income Before Tax i.e., Public Service's Income Before Tax and Operating Income go up and down completely randomly.

Correlation Coefficient

0.63

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Public Service income statement and is an important metric when analyzing Public Service Enterprise profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Operating Income

Operating Income is the amount of profit realized from Public Service Enterprise 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 Public Service Enterprise 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 Public Service's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Public Service Enterprise 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Public Service Enterprise. 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.

Tax Provision is likely to drop to about 307.2 M in 2024. Selling General Administrative is likely to drop to about 28 M in 2024

	2021	2022	2023	2024 (projected)
Total Revenue	8.7B	11.5B	11.2B	10.9B
Depreciation And Amortization	1.4B	1.3B	1.3B	1.2B

Total Revenue Depreciation And Amortization

Public Service fundamental ratios Correlations

	Total Assets	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	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Long Term Debt Total
Total Assets		-0.5	0.81	0.96	0.99	0.95	0.98	0.03	-0.12	0.97	0.68	0.75	-0.14	0.76	-0.35	-0.26	0.03	0.92	-0.6	0.17	-0.43	1.0	0.17	0.2	0.67	0.97
Other Current Liab	-0.5		-0.06	-0.63	-0.56	-0.67	-0.56	-0.22	0.17	-0.68	-0.91	0.06	0.04	-0.33	0.21	0.19	-0.39	-0.78	0.41	0.07	-0.25	-0.45	0.21	-0.42	-0.42	-0.34
Total Current Liabilities	0.81	-0.06		0.65	0.75	0.72	0.7	-0.11	0.23	0.69	0.32	0.72	0.1	0.87	-0.17	-0.19	-0.24	0.61	-0.57	0.49	-0.53	0.85	0.6	-0.12	0.55	0.89
Total Stockholder Equity	0.96	-0.63	0.65		0.97	0.91	0.99	0.05	-0.22	0.97	0.76	0.65	-0.19	0.61	-0.39	-0.3	0.15	0.93	-0.6	0.08	-0.28	0.93	0.01	0.37	0.68	0.86
Property Plant And Equipment Net	0.99	-0.56	0.75	0.97		0.95	0.99	0.1	-0.18	0.98	0.71	0.69	-0.17	0.73	-0.31	-0.22	0.08	0.94	-0.57	0.08	-0.37	0.98	0.06	0.29	0.64	0.94
Net Debt	0.95	-0.67	0.72	0.91	0.95		0.93	0.03	-0.05	0.98	0.85	0.59	-0.06	0.79	-0.26	-0.17	0.08	0.98	-0.51	0.17	-0.27	0.94	0.16	0.19	0.6	0.91
Retained Earnings	0.98	-0.56	0.7	0.99	0.99	0.93		0.05	-0.21	0.98	0.72	0.71	-0.18	0.65	-0.35	-0.24	0.12	0.93	-0.54	0.06	-0.33	0.96	0.02	0.34	0.64	0.9
Accounts Payable	0.03	-0.22	-0.11	0.05	0.1	0.03	0.05		0.1	0.08	-0.06	-0.29	0.2	-0.09	0.54	0.5	0.26	0.08	-0.13	-0.19	0.46	0.02	-0.31	0.57	-0.34	-0.05
Cash	-0.12	0.17	0.23	-0.22	-0.18	-0.05	-0.21	0.1		-0.15	-0.12	-0.17	0.94	0.17	0.59	0.43	0.0	-0.1	-0.12	0.58	0.37	-0.09	0.64	-0.12	-0.32	-0.05
Non Current Assets Total	0.97	-0.68	0.69	0.97	0.98	0.98	0.98	0.08	-0.15		0.82	0.61	-0.13	0.72	-0.31	-0.22	0.13	0.98	-0.55	0.09	-0.28	0.95	0.05	0.31	0.64	0.9
Non Currrent Assets Other	0.68	-0.91	0.32	0.76	0.71	0.85	0.72	-0.06	-0.12	0.82		0.22	-0.07	0.56	-0.33	-0.26	0.22	0.9	-0.39	0.08	0.01	0.65	0.0	0.24	0.55	0.58
Other Assets	0.75	0.06	0.72	0.65	0.69	0.59	0.71	-0.29	-0.17	0.61	0.22		-0.26	0.47	-0.46	-0.26	-0.21	0.5	-0.26	0.12	-0.74	0.77	0.21	-0.22	0.5	0.82
Cash And Short Term Investments	-0.14	0.04	0.1	-0.19	-0.17	-0.06	-0.18	0.2	0.94	-0.13	-0.07	-0.26		0.06	0.63	0.48	0.33	-0.07	-0.11	0.49	0.5	-0.12	0.48	0.05	-0.36	-0.12
Net Receivables	0.76	-0.33	0.87	0.61	0.73	0.79	0.65	-0.09	0.17	0.72	0.56	0.47	0.06		-0.22	-0.27	-0.19	0.71	-0.53	0.39	-0.46	0.8	0.52	-0.15	0.61	0.83
Good Will	-0.35	0.21	-0.17	-0.39	-0.31	-0.26	-0.35	0.54	0.59	-0.31	-0.33	-0.46	0.63	-0.22		0.91	0.15	-0.27	0.37	0.02	0.69	-0.33	-0.04	0.39	-0.82	-0.33
Common Stock Shares Outstanding	-0.26	0.19	-0.19	-0.3	-0.22	-0.17	-0.24	0.5	0.43	-0.22	-0.26	-0.26	0.48	-0.27	0.91		0.14	-0.19	0.54	-0.06	0.59	-0.24	-0.16	0.33	-0.88	-0.23
Short Term Investments	0.03	-0.39	-0.24	0.15	0.08	0.08	0.12	0.26	0.0	0.13	0.22	-0.21	0.33	-0.19	0.15	0.14		0.18	-0.04	-0.13	0.36	-0.01	-0.33	0.42	-0.06	-0.12
Non Current Liabilities Total	0.92	-0.78	0.61	0.93	0.94	0.98	0.93	0.08	-0.1	0.98	0.9	0.5	-0.07	0.71	-0.27	-0.19	0.18		-0.52	0.11	-0.17	0.9	0.05	0.31	0.6	0.84
Inventory	-0.6	0.41	-0.57	-0.6	-0.57	-0.51	-0.54	-0.13	-0.12	-0.55	-0.39	-0.26	-0.11	-0.53	0.37	0.54	-0.04	-0.52		-0.49	0.16	-0.59	-0.46	-0.13	-0.73	-0.53
Other Current Assets	0.17	0.07	0.49	0.08	0.08	0.17	0.06	-0.19	0.58	0.09	0.08	0.12	0.49	0.39	0.02	-0.06	-0.13	0.11	-0.49		0.05	0.19	0.93	-0.28	0.15	0.23
Other Stockholder Equity	-0.43	-0.25	-0.53	-0.28	-0.37	-0.27	-0.33	0.46	0.37	-0.28	0.01	-0.74	0.5	-0.46	0.69	0.59	0.36	-0.17	0.16	0.05		-0.47	-0.18	0.59	-0.61	-0.56
Total Liab	1.0	-0.45	0.85	0.93	0.98	0.94	0.96	0.02	-0.09	0.95	0.65	0.77	-0.12	0.8	-0.33	-0.24	-0.01	0.9	-0.59	0.19	-0.47		0.22	0.15	0.66	0.98
Total Current Assets	0.17	0.21	0.6	0.01	0.06	0.16	0.02	-0.31	0.64	0.05	0.0	0.21	0.48	0.52	-0.04	-0.16	-0.33	0.05	-0.46	0.93	-0.18	0.22		-0.49	0.23	0.29
Intangible Assets	0.2	-0.42	-0.12	0.37	0.29	0.19	0.34	0.57	-0.12	0.31	0.24	-0.22	0.05	-0.15	0.39	0.33	0.42	0.31	-0.13	-0.28	0.59	0.15	-0.49		-0.13	-0.01
Common Stock	0.67	-0.42	0.55	0.68	0.64	0.6	0.64	-0.34	-0.32	0.64	0.55	0.5	-0.36	0.61	-0.82	-0.88	-0.06	0.6	-0.73	0.15	-0.61	0.66	0.23	-0.13		0.63
Short Long Term Debt Total	0.97	-0.34	0.89	0.86	0.94	0.91	0.9	-0.05	-0.05	0.9	0.58	0.82	-0.12	0.83	-0.33	-0.23	-0.12	0.84	-0.53	0.23	-0.56	0.98	0.29	-0.01	0.63

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Public Service Account Relationship Matchups

Public Service fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	47.7B	50.1B	49.0B	48.7B	50.7B	46.9B
Other Current Liab	1.2B	1.4B	1.5B	1.6B	1.4B	1.1B
Total Current Liabilities	5.0B	5.5B	7.1B	6.7B	5.1B	5.1B
Total Stockholder Equity	15.1B	16.0B	14.4B	13.7B	15.5B	15.0B
Property Plant And Equipment Net	36.1B	37.8B	34.6B	36.1B	38.2B	33.9B
Net Debt	16.3B	17.0B	18.8B	20.0B	20.4B	14.5B
Retained Earnings	11.4B	12.3B	10.6B	10.6B	12.0B	10.8B
Accounts Payable	1.4B	1.3B	1.3B	1.3B	1.2B	1.1B
Cash	147M	543M	846M	492M	54M	51.3M
Non Current Assets Total	44.5B	46.4B	42.7B	44.4B	47.4B	42.0B
Non Currrent Assets Other	4.0B	4.2B	3.9B	4.7B	8.9B	9.4B
Other Assets	7.5B	8.0B	7.7B	7.7B	8.9B	7.6B
Cash And Short Term Investments	260M	603M	846M	492M	54M	51.3M
Net Receivables	1.6B	1.7B	2.1B	2.3B	1.7B	1.9B
Short Term Investments	11M	113M	60M	23M	26.5M	25.1M
Non Current Liabilities Total	27.6B	28.5B	27.5B	28.3B	30.2B	25.8B
Inventory	897M	878M	744M	960M	1.0B	745.6M
Other Current Assets	753M	635M	570M	2.6B	612M	923.4M
Other Stockholder Equity	(831M)	(861M)	(896M)	(1.4B)	(1.4B)	(1.4B)
Total Liab	32.6B	34.1B	34.6B	35.0B	35.3B	31.9B
Total Current Assets	3.2B	3.6B	6.3B	4.3B	3.4B	4.2B
Intangible Assets	149M	158M	20M	14M	16.1M	15.3M
Common Stock	5.0B	5.0B	5.0B	5.1B	5.0B	5.5B
Short Long Term Debt Total	16.5B	17.5B	19.7B	20.5B	20.4B	16.3B
Liabilities And Stockholders Equity	47.7B	50.1B	49.0B	48.7B	50.7B	48.0B
Accumulated Other Comprehensive Income	(489M)	(504M)	(350M)	(550M)	(179M)	(188.0M)
Short Term Debt	2.5B	2.8B	4.3B	3.8B	2.5B	2.3B
Long Term Debt	12.1B	13.2B	13.7B	14.5B	16.7B	14.2B
Treasury Stock	(763M)	(808M)	(831M)	(861M)	(774.9M)	(813.6M)
Property Plant Equipment	36.1B	37.8B	34.6B	36.1B	41.5B	37.7B
Other Liab	13.6B	13.8B	12.1B	11.6B	10.5B	10.2B
Net Tangible Assets	14.9B	15.8B	14.4B	13.7B	15.8B	15.9B
Deferred Long Term Liab	3.7B	3.9B	3.6B	4.4B	5.1B	4.1B

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Public Income Before Tax vs Operating Income Analysis

Income Before Tax vs Operating Income

Income Before Tax vs Operating Income Correlation Analysis

Correlation Coefficient

Income Before Tax

Operating Income

Public Service fundamental ratios Correlations

Public Service Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Public Service fundamental ratios Accounts

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Additional Tools for Public Stock Analysis

COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Stockholder Equity
Retained Earnings	+ 0.99	Property Plant And Equipment Net
Retained Earnings	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Property Plant And Equipment Net

Non Currrent Assets Other	- 0.91	Other Current Liab
Common Stock	- 0.88	Common Stock Shares Outstanding
Common Stock	- 0.82	Good Will
Non Current Liabilities Total	- 0.78	Other Current Liab
Other Stockholder Equity	- 0.74	Other Assets
Common Stock	- 0.73	Inventory