Howmet Depreciation vs Net Income Analysis

HWM Stock

USD 118.38 1.68 1.44%

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

To learn how to invest in Howmet Stock, please use our How to Invest in Howmet Aerospace guide.

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 Howmet Aerospace Depreciation account and Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Howmet Aerospace's Depreciation and Net Income is -0.43. 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 Howmet Aerospace, assuming nothing else is changed. The correlation between historical values of Howmet Aerospace'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 Howmet Aerospace 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., Howmet Aerospace's Depreciation and Net Income go up and down completely randomly.

Correlation Coefficient

-0.43

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Depreciation

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

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

To learn how to invest in Howmet Stock, please use our How to Invest in Howmet Aerospace guide.At this time, Howmet Aerospace's Tax Provision is very stable compared to the past year. As of the 29th of November 2024, Discontinued Operations is likely to grow to about 61.4 M, while Selling General Administrative is likely to drop about 325.9 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	538M	585M	652M	619.4M
Cost Of Revenue	3.6B	4.1B	5.0B	4.8B

Total Operating Expenses Cost Of Revenue

Howmet Aerospace fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Good Will	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Inventory	Total Liab	Total Current Assets	Short Term Debt	Common Stock Shares Outstanding	Other Current Liab	Total Stockholder Equity	Current Deferred Revenue	Accounts Payable	Cash And Short Term Investments	Other Current Assets	Other Stockholder Equity	Common Stock	Non Currrent Assets Other	Property Plant And Equipment Net
Total Assets		0.37	0.59	0.58	0.54	0.25	0.88	0.74	0.25	-0.17	0.59	0.6	0.7	0.7	-0.03	0.13	0.25	0.69	0.31	0.49	0.34	0.21	0.21	0.65	0.5	0.48
Short Long Term Debt Total	0.37		0.55	0.46	0.38	0.75	0.6	0.0	0.39	0.56	0.61	0.56	0.61	0.64	-0.01	0.71	-0.51	0.33	0.63	0.48	0.44	-0.3	0.34	0.51	-0.06	0.29
Total Current Liabilities	0.59	0.55		-0.06	0.85	0.43	0.42	0.46	0.06	0.25	0.16	0.89	0.96	0.9	-0.01	0.46	-0.08	0.86	0.82	0.88	0.81	0.5	-0.05	0.87	-0.33	0.87
Net Debt	0.58	0.46	-0.06		-0.16	0.35	0.83	0.16	0.43	-0.08	0.84	0.04	0.08	0.15	0.16	0.15	-0.04	-0.11	-0.14	-0.12	-0.24	-0.59	0.54	0.0	0.82	-0.29
Retained Earnings	0.54	0.38	0.85	-0.16		0.06	0.39	0.42	-0.25	0.25	-0.06	0.64	0.85	0.68	-0.25	0.44	-0.04	0.93	0.82	0.67	0.63	0.54	-0.48	0.94	-0.32	0.86
Cash	0.25	0.75	0.43	0.35	0.06		0.36	0.09	0.54	0.2	0.49	0.56	0.47	0.57	0.22	0.52	-0.48	0.1	0.44	0.45	0.56	-0.2	0.57	0.16	-0.09	0.24
Non Current Assets Total	0.88	0.6	0.42	0.83	0.39	0.36		0.42	0.27	0.04	0.75	0.45	0.53	0.57	0.06	0.35	-0.03	0.45	0.29	0.32	0.14	-0.21	0.28	0.52	0.6	0.22
Good Will	0.74	0.0	0.46	0.16	0.42	0.09	0.42		0.22	-0.37	0.25	0.48	0.57	0.55	-0.15	-0.21	0.44	0.63	0.17	0.38	0.39	0.56	0.14	0.44	0.24	0.5
Common Stock Total Equity	0.25	0.39	0.06	0.43	-0.25	0.54	0.27	0.22		0.03	0.74	0.2	0.16	0.36	-0.19	-0.06	0.24	-0.07	-0.21	0.04	0.06	-0.16	0.82	-0.02	0.34	-0.19
Short Term Investments	-0.17	0.56	0.25	-0.08	0.25	0.2	0.04	-0.37	0.03		0.05	0.21	0.2	0.28	-0.24	0.19	-0.33	0.13	0.36	0.25	0.29	-0.4	0.08	0.39	-0.34	0.04
Non Current Liabilities Total	0.59	0.61	0.16	0.84	-0.06	0.49	0.75	0.25	0.74	0.05		0.21	0.27	0.42	0.1	0.17	0.16	0.06	-0.08	0.02	-0.1	-0.37	0.72	0.18	0.68	-0.2
Inventory	0.6	0.56	0.89	0.04	0.64	0.56	0.45	0.48	0.2	0.21	0.21		0.88	0.94	0.02	0.4	-0.21	0.75	0.73	0.97	0.84	0.37	0.19	0.7	-0.28	0.81
Total Liab	0.7	0.61	0.96	0.08	0.85	0.47	0.53	0.57	0.16	0.2	0.27	0.88		0.91	-0.16	0.44	-0.08	0.88	0.82	0.84	0.82	0.46	0.0	0.88	-0.22	0.87
Total Current Assets	0.7	0.64	0.9	0.15	0.68	0.57	0.57	0.55	0.36	0.28	0.42	0.94	0.91		-0.05	0.35	-0.01	0.81	0.65	0.86	0.76	0.34	0.28	0.8	-0.12	0.72
Short Term Debt	-0.03	-0.01	-0.01	0.16	-0.25	0.22	0.06	-0.15	-0.19	-0.24	0.1	0.02	-0.16	-0.05		0.19	-0.15	-0.25	-0.11	-0.01	-0.17	-0.16	0.18	-0.3	0.14	-0.17
Common Stock Shares Outstanding	0.13	0.71	0.46	0.15	0.44	0.52	0.35	-0.21	-0.06	0.19	0.17	0.4	0.44	0.35	0.19		-0.71	0.29	0.73	0.39	0.28	-0.04	-0.21	0.35	-0.32	0.4
Other Current Liab	0.25	-0.51	-0.08	-0.04	-0.04	-0.48	-0.03	0.44	0.24	-0.33	0.16	-0.21	-0.08	-0.01	-0.15	-0.71		0.13	-0.55	-0.26	-0.27	0.37	0.12	0.06	0.45	-0.17
Total Stockholder Equity	0.69	0.33	0.86	-0.11	0.93	0.1	0.45	0.63	-0.07	0.13	0.06	0.75	0.88	0.81	-0.25	0.29	0.13		0.71	0.76	0.66	0.63	-0.27	0.93	-0.21	0.87
Current Deferred Revenue	0.31	0.63	0.82	-0.14	0.82	0.44	0.29	0.17	-0.21	0.36	-0.08	0.73	0.82	0.65	-0.11	0.73	-0.55	0.71		0.77	0.78	0.32	-0.33	0.74	-0.57	0.85
Accounts Payable	0.49	0.48	0.88	-0.12	0.67	0.45	0.32	0.38	0.04	0.25	0.02	0.97	0.84	0.86	-0.01	0.39	-0.26	0.76	0.77		0.86	0.41	0.04	0.7	-0.42	0.86
Cash And Short Term Investments	0.34	0.44	0.81	-0.24	0.63	0.56	0.14	0.39	0.06	0.29	-0.1	0.84	0.82	0.76	-0.17	0.28	-0.27	0.66	0.78	0.86		0.42	0.01	0.64	-0.54	0.85
Other Current Assets	0.21	-0.3	0.5	-0.59	0.54	-0.2	-0.21	0.56	-0.16	-0.4	-0.37	0.37	0.46	0.34	-0.16	-0.04	0.37	0.63	0.32	0.41	0.42		-0.42	0.4	-0.42	0.69
Other Stockholder Equity	0.21	0.34	-0.05	0.54	-0.48	0.57	0.28	0.14	0.82	0.08	0.72	0.19	0.0	0.28	0.18	-0.21	0.12	-0.27	-0.33	0.04	0.01	-0.42		-0.22	0.44	-0.34
Common Stock	0.65	0.51	0.87	0.0	0.94	0.16	0.52	0.44	-0.02	0.39	0.18	0.7	0.88	0.8	-0.3	0.35	0.06	0.93	0.74	0.7	0.64	0.4	-0.22		-0.17	0.77
Non Currrent Assets Other	0.5	-0.06	-0.33	0.82	-0.32	-0.09	0.6	0.24	0.34	-0.34	0.68	-0.28	-0.22	-0.12	0.14	-0.32	0.45	-0.21	-0.57	-0.42	-0.54	-0.42	0.44	-0.17		-0.51
Property Plant And Equipment Net	0.48	0.29	0.87	-0.29	0.86	0.24	0.22	0.5	-0.19	0.04	-0.2	0.81	0.87	0.72	-0.17	0.4	-0.17	0.87	0.85	0.86	0.85	0.69	-0.34	0.77	-0.51

Click cells to compare fundamentals

Howmet Aerospace Account Relationship Matchups

Howmet Aerospace fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	17.6B	11.4B	10.2B	10.3B	10.4B	15.9B
Short Long Term Debt Total	5.9B	5.1B	4.2B	4.2B	3.8B	5.1B
Total Current Liabilities	4.1B	1.7B	1.3B	1.5B	1.8B	1.7B
Net Debt	4.3B	3.5B	3.5B	3.4B	3.2B	2.9B
Retained Earnings	129M	364M	603M	1.0B	1.7B	1.6B
Cash	1.6B	1.6B	720M	791M	610M	579.5M
Non Current Assets Total	11.7B	7.8B	7.5B	7.1B	8.2B	12.9B
Good Will	4.5B	4.1B	4.1B	4.0B	4.0B	4.0B
Liabilities And Stockholders Equity	17.6B	11.4B	10.2B	10.3B	10.4B	15.8B
Non Current Liabilities Total	8.8B	6.2B	5.5B	5.2B	4.6B	6.9B
Inventory	2.4B	1.5B	1.4B	1.6B	1.8B	2.0B
Total Liab	13.0B	7.9B	6.7B	6.7B	6.4B	6.1B
Total Current Assets	5.8B	3.7B	2.7B	3.1B	3.3B	5.3B
Accumulated Other Comprehensive Income	(3.3B)	(1.9B)	(1.9B)	(1.8B)	(1.8B)	(1.9B)
Short Term Debt	434M	1.0B	414M	32M	238M	274.1M
Common Stock Shares Outstanding	463M	439M	435M	421M	416M	426.3M
Other Current Liab	418M	545M	422M	488M	496M	808.3M
Total Stockholder Equity	4.6B	3.6B	3.5B	3.6B	4.0B	7.7B
Current Deferred Revenue	631M	396M	333M	65M	58.5M	55.6M
Accounts Payable	2.0B	599M	732M	962M	982M	1.6B
Cash And Short Term Investments	1.6B	1.6B	720M	791M	610M	579.5M
Other Stockholder Equity	7.3B	4.7B	4.3B	3.9B	3.7B	5.2B
Non Currrent Assets Other	514M	234M	215M	192M	70M	73.5M
Property Plant And Equipment Net	5.5B	2.6B	2.5B	2.3B	2.5B	2.3B
Net Receivables	1.5B	357M	420M	537M	692M	1.1B
Property Plant And Equipment Gross	5.7B	2.6B	5.3B	5.3B	5.5B	6.8B
Net Tangible Assets	(599M)	(1.2B)	(1.2B)	(988M)	(889.2M)	(844.7M)
Retained Earnings Total Equity	129M	364M	603M	1.0B	925.2M	878.9M
Long Term Debt Total	4.9B	4.7B	4.2B	4.2B	3.7B	5.3B
Capital Surpluse	7.3B	4.7B	4.3B	3.9B	3.6B	5.8B
Non Current Liabilities Other	3.2B	1.2B	307M	185M	254M	241.3M
Property Plant Equipment	5.5B	2.6B	2.5B	2.3B	2.1B	2.0B

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When determining whether Howmet Aerospace is a strong investment it is important to analyze Howmet Aerospace's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Howmet Aerospace's future performance. For an informed investment choice regarding Howmet Stock, refer to the following important reports:

How To Invest In Howmet

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Is Howmet Stock a good investment?

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What is Howmet Aerospace's Net Worth?

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Howmet Aerospace. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

To learn how to invest in Howmet Stock, please use our How to Invest in Howmet Aerospace guide.

You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

Is Aerospace & Defense 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 Howmet Aerospace. If investors know Howmet 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 Howmet Aerospace 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

0.8

Dividend Share

0.23

Earnings Share

2.6

Revenue Per Share

17.775

Quarterly Revenue Growth

0.107

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

Depreciation vs Net Income

Depreciation vs Net Income Correlation Analysis

Correlation Coefficient

Depreciation

Net Income

Howmet Aerospace fundamental ratios Correlations

Howmet Aerospace Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Howmet Aerospace fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Accounts Payable	+ 0.97	Inventory
Total Liab	+ 0.96	Total Current Liabilities
Common Stock	+ 0.94	Retained Earnings
Total Current Assets	+ 0.94	Inventory
Total Stockholder Equity	+ 0.93	Retained Earnings
Common Stock	+ 0.93	Total Stockholder Equity

Other Current Liab	- 0.71	Common Stock Shares Outstanding
Other Current Assets	- 0.59	Net Debt
Non Currrent Assets Other	- 0.57	Current Deferred Revenue
Current Deferred Revenue	- 0.55	Other Current Liab
Non Currrent Assets Other	- 0.54	Cash And Short Term Investments
Property Plant And Equipment Net	- 0.51	Non Currrent Assets Other