Icahn Ebit Per Revenue vs Total Revenue Analysis
IEP Stock | USD 10.33 0.23 2.28% |
Icahn Enterprises financial indicator trend analysis is infinitely more than just investigating Icahn Enterprises recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Icahn Enterprises is a good investment. Please check the relationship between Icahn Enterprises Ebit Per Revenue and its Total Revenue accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Icahn Enterprises LP. 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.
Ebit Per Revenue vs Total Revenue
Ebit Per Revenue vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Icahn Enterprises Ebit Per Revenue account and Total Revenue. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Icahn Enterprises' Ebit Per Revenue and Total Revenue is -0.59. Overlapping area represents the amount of variation of Ebit Per Revenue that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Icahn Enterprises LP, assuming nothing else is changed. The correlation between historical values of Icahn Enterprises' Ebit Per Revenue and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit Per Revenue of Icahn Enterprises LP are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Ebit Per Revenue i.e., Icahn Enterprises' Ebit Per Revenue and Total Revenue go up and down completely randomly.
Correlation Coefficient | -0.59 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Ebit Per Revenue
Total Revenue
Total revenue comprises all receipts Icahn Enterprises generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Most indicators from Icahn Enterprises' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Icahn Enterprises 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 Icahn Enterprises LP. 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, Icahn Enterprises' Tax Provision is relatively stable compared to the past year. As of 12/11/2024, Issuance Of Capital Stock is likely to grow to about 123.2 M, while Sales General And Administrative To Revenue is likely to drop 0.04.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.5B | 2.4B | 1.9B | 1.1B | Total Revenue | 10.9B | 14.1B | 11.8B | 6.1B |
Icahn Enterprises fundamental ratios Correlations
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Icahn Enterprises Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Icahn Enterprises fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 24.6B | 25.0B | 27.7B | 27.9B | 20.9B | 13.1B | |
Short Long Term Debt Total | 8.2B | 8.1B | 7.7B | 7.1B | 7.2B | 4.2B | |
Total Stockholder Equity | 10.9B | 9.3B | 9.3B | 9.6B | 4.0B | 3.8B | |
Net Debt | 4.4B | 6.4B | 5.4B | 4.8B | 4.3B | 2.4B | |
Common Stock Shares Outstanding | 200M | 221M | 260M | 316M | 382M | 401.1M | |
Liabilities And Stockholders Equity | 24.6B | 25.0B | 27.7B | 27.9B | 20.9B | 12.9B | |
Non Current Liabilities Total | 11.2B | 11.8B | 14.2B | 14.6B | 12.0B | 11.4B | |
Total Liab | 13.7B | 15.7B | 18.4B | 18.4B | 14.8B | 8.3B | |
Other Current Liab | 1.5B | 5.6B | 7.2B | 7.6B | 1.7B | 2.8B | |
Total Current Liabilities | 2.5B | 3.9B | 4.2B | 3.7B | 2.8B | 3.1B | |
Property Plant And Equipment Net | 4.5B | 4.2B | 4.1B | 4.0B | 4.5B | 3.3B | |
Non Current Assets Total | 6.6B | 7.3B | 6.6B | 7.0B | 8.9B | 5.6B | |
Non Currrent Assets Other | (8.6B) | 2.1B | (8.1B) | (5.6B) | 3.5B | 3.7B | |
Short Term Debt | 1.4B | 2.5B | 26M | 21M | 192M | 182.4M | |
Cash | 3.8B | 1.7B | 2.3B | 2.3B | 3.0B | 2.2B | |
Other Assets | 546M | 1.3B | 9.3B | 11.8B | 2.9B | 3.1B | |
Cash And Short Term Investments | 13.7B | 10.6B | 11.5B | 9.1B | 6.0B | 7.3B | |
Net Receivables | 1.3B | 3.9B | 6.1B | 7.7B | 485M | 460.8M | |
Total Current Assets | 18.0B | 17.7B | 21.1B | 20.9B | 11.9B | 10.7B | |
Other Stockholder Equity | 4.7B | 4.9B | 5.0B | 4.8B | 6.1B | 5.8B | |
Property Plant And Equipment Gross | 4.5B | 4.2B | 7.7B | 8.0B | 8.2B | 4.1B | |
Accumulated Other Comprehensive Income | (89M) | (83M) | (74M) | (70M) | (55M) | (57.8M) | |
Common Stock | 6.4B | 4.3B | 4.4B | 4.7B | 4.0B | 3.2B | |
Short Term Investments | 9.9B | 8.9B | 9.2B | 6.8B | 3.0B | 5.6B | |
Accounts Payable | 945M | 738M | 805M | 870M | 830M | 827.9M | |
Other Liab | 782M | 569M | 390M | 466M | 535.9M | 509.1M | |
Long Term Debt | 1.2B | 639M | 787M | 691M | 7.2B | 4.3B | |
Inventory | 1.8B | 1.6B | 1.5B | 1.5B | 1.0B | 1.3B | |
Property Plant Equipment | 4.5B | 4.2B | 4.1B | 4.0B | 4.6B | 4.4B | |
Other Current Assets | 1.2B | 1.6B | 2.7B | 3.4B | 7.4B | 7.8B | |
Current Deferred Revenue | (468M) | (1.4B) | (2.5B) | (159M) | (143.1M) | (150.3M) | |
Intangible Assets | 431M | 660M | 595M | 533M | 466M | 801.1M | |
Good Will | 282M | 298M | 290M | 288M | 259.2M | 246.2M | |
Net Tangible Assets | 10.2B | 8.3B | 8.5B | 8.7B | 10.0B | 10.5B | |
Deferred Long Term Liab | 639M | 569M | 390M | 338M | 304.2M | 289.0M | |
Long Term Investments | 9.9B | 8.9B | 9.2B | 6.8B | 6.1B | 8.0B |
Pair Trading with Icahn Enterprises
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Icahn Enterprises position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Icahn Enterprises will appreciate offsetting losses from the drop in the long position's value.Moving against Icahn Stock
0.58 | BE | Bloom Energy Corp | PairCorr |
0.53 | G | Genpact Limited | PairCorr |
0.52 | SGU | Star Gas Partners | PairCorr |
0.46 | SUN | Sunoco LP | PairCorr |
0.44 | AE | Adams Resources Energy | PairCorr |
The ability to find closely correlated positions to Icahn Enterprises could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Icahn Enterprises when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Icahn Enterprises - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Icahn Enterprises LP to buy it.
The correlation of Icahn Enterprises is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Icahn Enterprises moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Icahn Enterprises moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Icahn Enterprises can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Icahn Stock Analysis
When running Icahn Enterprises' price analysis, check to measure Icahn Enterprises' 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 Icahn Enterprises is operating at the current time. Most of Icahn Enterprises' value examination focuses on studying past and present price action to predict the probability of Icahn Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Icahn Enterprises' price. Additionally, you may evaluate how the addition of Icahn Enterprises to your portfolios can decrease your overall portfolio volatility.