NBTM Net Income vs Income Tax Expense Analysis

600114 Stock

16.49 0.46 2.87%

NBTM New financial indicator trend analysis is infinitely more than just investigating NBTM New Materials recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NBTM New Materials is a good investment. Please check the relationship between NBTM New Net Income and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in NBTM New Materials. 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.

Net Income vs Income Tax Expense

Net Income vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NBTM New Materials Net Income account and Income Tax Expense. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between NBTM New's Net Income and Income Tax Expense is 0.47. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of NBTM New Materials, assuming nothing else is changed. The correlation between historical values of NBTM New's Net Income and Income Tax Expense 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 NBTM New Materials are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Net Income i.e., NBTM New's Net Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.47

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Income

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

Income Tax Expense

Most indicators from NBTM New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NBTM New Materials 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 NBTM New Materials. 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.

The current year's Selling General Administrative is expected to grow to about 114.6 M, whereas Tax Provision is forecasted to decline to about 5.7 M.

	2021	2022	2023	2024 (projected)
Operating Income	219.0M	285.0M	317.7M	178.9M
Total Revenue	3.6B	3.7B	3.9B	4.1B

Operating Income Total Revenue

NBTM New fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Short Term Investments	Good Will	Treasury Stock	Net Tangible Assets	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other
Total Assets		0.02	0.77	0.7	0.88	0.96	0.63	0.94	0.87	0.97	0.98	0.33	0.93	0.91	0.92	0.99	0.96	-0.48	0.92	-0.78	0.24	0.92	0.83	0.95	0.93	-0.8
Other Current Liab	0.02		-0.01	0.58	0.4	-0.13	0.55	-0.1	-0.3	0.08	-0.08	-0.03	-0.26	0.27	0.23	-0.09	-0.1	0.22	-0.26	-0.52	0.61	0.01	0.21	0.02	-0.09	0.28
Total Current Liabilities	0.77	-0.01		0.55	0.6	0.75	0.53	0.64	0.61	0.75	0.73	0.55	0.79	0.64	0.59	0.72	0.65	-0.5	0.76	-0.56	0.02	0.88	0.72	0.85	0.87	-0.75
Total Stockholder Equity	0.7	0.58	0.55		0.91	0.55	0.92	0.56	0.32	0.75	0.59	0.34	0.41	0.81	0.84	0.61	0.55	-0.25	0.4	-0.85	0.73	0.72	0.86	0.72	0.58	-0.27
Retained Earnings	0.88	0.4	0.6	0.91		0.78	0.82	0.79	0.58	0.91	0.81	0.29	0.66	0.92	0.96	0.82	0.79	-0.44	0.65	-0.93	0.63	0.83	0.9	0.85	0.74	-0.46
Accounts Payable	0.96	-0.13	0.75	0.55	0.78		0.49	0.94	0.91	0.92	0.96	0.21	0.96	0.84	0.83	0.97	0.97	-0.48	0.96	-0.65	0.06	0.89	0.73	0.91	0.92	-0.84
Cash	0.63	0.55	0.53	0.92	0.82	0.49		0.48	0.23	0.66	0.49	0.35	0.35	0.72	0.7	0.51	0.44	-0.16	0.36	-0.74	0.75	0.65	0.77	0.67	0.5	-0.28
Other Assets	0.94	-0.1	0.64	0.56	0.79	0.94	0.48		0.91	0.9	0.95	0.2	0.92	0.78	0.84	0.96	0.95	-0.42	0.89	-0.68	0.16	0.83	0.74	0.87	0.86	-0.75
Long Term Debt	0.87	-0.3	0.61	0.32	0.58	0.91	0.23	0.91		0.77	0.94	0.1	0.96	0.69	0.68	0.92	0.95	-0.43	0.95	-0.48	-0.15	0.76	0.58	0.81	0.88	-0.89
Net Receivables	0.97	0.08	0.75	0.75	0.91	0.92	0.66	0.9	0.77		0.93	0.35	0.86	0.91	0.95	0.94	0.91	-0.46	0.83	-0.81	0.33	0.9	0.84	0.91	0.86	-0.66
Inventory	0.98	-0.08	0.73	0.59	0.81	0.96	0.49	0.95	0.94	0.93		0.26	0.96	0.85	0.86	0.99	0.98	-0.52	0.94	-0.7	0.13	0.9	0.79	0.93	0.94	-0.82
Other Current Assets	0.33	-0.03	0.55	0.34	0.29	0.21	0.35	0.2	0.1	0.35	0.26		0.28	0.26	0.3	0.28	0.16	-0.25	0.24	-0.3	0.19	0.41	0.38	0.37	0.34	-0.24
Total Liab	0.93	-0.26	0.79	0.41	0.66	0.96	0.35	0.92	0.96	0.86	0.96	0.28		0.75	0.73	0.95	0.95	-0.5	0.99	-0.56	-0.1	0.87	0.67	0.89	0.95	-0.92
Intangible Assets	0.91	0.27	0.64	0.81	0.92	0.84	0.72	0.78	0.69	0.91	0.85	0.26	0.75		0.94	0.86	0.85	-0.38	0.76	-0.83	0.37	0.83	0.8	0.86	0.8	-0.65
Common Stock	0.92	0.23	0.59	0.84	0.96	0.83	0.7	0.84	0.68	0.95	0.86	0.3	0.73	0.94		0.89	0.86	-0.46	0.72	-0.86	0.49	0.82	0.87	0.84	0.77	-0.54
Property Plant Equipment	0.99	-0.09	0.72	0.61	0.82	0.97	0.51	0.96	0.92	0.94	0.99	0.28	0.95	0.86	0.89		0.98	-0.45	0.94	-0.71	0.14	0.88	0.77	0.91	0.92	-0.82
Other Liab	0.96	-0.1	0.65	0.55	0.79	0.97	0.44	0.95	0.95	0.91	0.98	0.16	0.95	0.85	0.86	0.98		-0.43	0.94	-0.67	0.08	0.84	0.72	0.88	0.9	-0.81
Short Term Investments	-0.48	0.22	-0.5	-0.25	-0.44	-0.48	-0.16	-0.42	-0.43	-0.46	-0.52	-0.25	-0.5	-0.38	-0.46	-0.45	-0.43		-0.52	0.39	-0.19	-0.64	-0.64	-0.57	-0.59	0.36
Good Will	0.92	-0.26	0.76	0.4	0.65	0.96	0.36	0.89	0.95	0.83	0.94	0.24	0.99	0.76	0.72	0.94	0.94	-0.52		-0.55	-0.1	0.87	0.66	0.89	0.94	-0.94
Treasury Stock	-0.78	-0.52	-0.56	-0.85	-0.93	-0.65	-0.74	-0.68	-0.48	-0.81	-0.7	-0.3	-0.56	-0.83	-0.86	-0.71	-0.67	0.39	-0.55		-0.59	-0.74	-0.8	-0.75	-0.65	0.39
Net Tangible Assets	0.24	0.61	0.02	0.73	0.63	0.06	0.75	0.16	-0.15	0.33	0.13	0.19	-0.1	0.37	0.49	0.14	0.08	-0.19	-0.1	-0.59		0.26	0.57	0.27	0.05	0.28
Deferred Long Term Liab	0.92	0.01	0.88	0.72	0.83	0.89	0.65	0.83	0.76	0.9	0.9	0.41	0.87	0.83	0.82	0.88	0.84	-0.64	0.87	-0.74	0.26		0.91	0.99	0.96	-0.76
Long Term Investments	0.83	0.21	0.72	0.86	0.9	0.73	0.77	0.74	0.58	0.84	0.79	0.38	0.67	0.8	0.87	0.77	0.72	-0.64	0.66	-0.8	0.57	0.91		0.9	0.82	-0.49
Total Current Assets	0.95	0.02	0.85	0.72	0.85	0.91	0.67	0.87	0.81	0.91	0.93	0.37	0.89	0.86	0.84	0.91	0.88	-0.57	0.89	-0.75	0.27	0.99	0.9		0.96	-0.78
Non Current Assets Total	0.93	-0.09	0.87	0.58	0.74	0.92	0.5	0.86	0.88	0.86	0.94	0.34	0.95	0.8	0.77	0.92	0.9	-0.59	0.94	-0.65	0.05	0.96	0.82	0.96		-0.88
Non Currrent Assets Other	-0.8	0.28	-0.75	-0.27	-0.46	-0.84	-0.28	-0.75	-0.89	-0.66	-0.82	-0.24	-0.92	-0.65	-0.54	-0.82	-0.81	0.36	-0.94	0.39	0.28	-0.76	-0.49	-0.78	-0.88

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NBTM New Account Relationship Matchups

NBTM New fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.2B	5.9B	6.1B	6.5B	6.8B	7.1B
Other Current Liab	112.1M	92.2M	75.1M	159.8M	580.5K	551.4K
Total Current Liabilities	1.2B	2.2B	1.9B	1.8B	1.6B	836.5M
Total Stockholder Equity	2.6B	2.6B	2.6B	2.5B	2.5B	1.4B
Retained Earnings	846.1M	810.4M	742.5M	868.8M	794.2M	833.9M
Accounts Payable	247.6M	436.3M	302.3M	464.4M	513.2M	538.8M
Cash	351.0M	447.6M	365.0M	340.9M	257.4M	198.6M
Other Assets	119.1M	148.9M	157.0M	213.9M	246.0M	258.3M
Net Receivables	972.0M	988.6M	960.1M	980.2M	1.1B	1.1B
Inventory	464.7M	588.1M	755.9M	900.1M	909.6M	955.1M
Other Current Assets	30.2M	41.5M	43.6M	19.9M	23.8M	20.5M
Total Liab	1.3B	2.9B	3.2B	3.6B	3.9B	4.0B
Intangible Assets	279.8M	392.4M	384.5M	377.0M	381.5M	400.6M
Common Stock	645.5M	616.5M	616.4M	616.4M	708.8M	744.3M
Property Plant Equipment	1.6B	2.3B	2.5B	2.7B	3.1B	3.3B
Other Liab	67.3M	89.7M	106.8M	139.2M	160.1M	168.1M
Good Will	94.0M	543.4M	459.2M	575.9M	662.3M	695.4M
Net Tangible Assets	2.3B	1.7B	1.7B	1.6B	1.4B	1.5B
Deferred Long Term Liab	63.7M	93.8M	80.2M	85.1M	97.9M	61.8M
Total Current Assets	1.8B	2.3B	2.4B	2.4B	2.6B	2.0B
Non Current Assets Total	2.4B	3.6B	3.8B	4.1B	4.2B	3.2B
Non Currrent Assets Other	1.8B	2.1B	2.4B	9.9M	8.9M	8.4M
Non Current Liabilities Total	123.2M	680.8M	1.3B	1.8B	2.3B	2.4B
Common Stock Shares Outstanding	645.5M	616.5M	616.4M	616.4M	554.7M	499.8M
Net Invested Capital	3.4B	4.6B	4.7B	4.8B	4.4B	4.3B
Net Working Capital	612.1M	96.2M	496.5M	535.2M	1.0B	519.8M

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Other Information on Investing in NBTM Stock

Balance Sheet is a snapshot of the financial position of NBTM New Materials at a specified time, usually calculated after every quarter, six months, or one year. NBTM New Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of NBTM New and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which NBTM currently owns. An asset can also be divided into two categories, current and non-current.

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NBTM Net Income vs Income Tax Expense Analysis

Net Income vs Income Tax Expense

Net Income vs Income Tax Expense Correlation Analysis

Correlation Coefficient

Net Income

Income Tax Expense

NBTM New fundamental ratios Correlations

NBTM New Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NBTM New fundamental ratios Accounts

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Other Information on Investing in NBTM Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant Equipment	+ 0.99	Total Assets
Property Plant Equipment	+ 0.99	Inventory
Good Will	+ 0.99	Total Liab
Total Current Assets	+ 0.99	Deferred Long Term Liab
Inventory	+ 0.98	Total Assets
Other Liab	+ 0.98	Inventory

Non Currrent Assets Other	- 0.94	Good Will
Treasury Stock	- 0.93	Retained Earnings
Non Currrent Assets Other	- 0.92	Total Liab
Non Currrent Assets Other	- 0.89	Long Term Debt
Non Currrent Assets Other	- 0.88	Non Current Assets Total
Treasury Stock	- 0.86	Common Stock