Johnson Ebit vs Operating Income Analysis

JMAT Stock   1,336  1.00  0.07%   
Johnson Matthey financial indicator trend analysis is infinitely more than just investigating Johnson Matthey PLC recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Johnson Matthey PLC is a good investment. Please check the relationship between Johnson Matthey Ebit and its Operating Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Johnson Matthey PLC. 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.

Ebit vs Operating Income

Ebit vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Johnson Matthey PLC Ebit account and Operating Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Johnson Matthey's Ebit and Operating Income is 0.86. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Operating Income in the same time period over historical financial statements of Johnson Matthey PLC, assuming nothing else is changed. The correlation between historical values of Johnson Matthey's Ebit 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 Ebit of Johnson Matthey PLC 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 Ebit i.e., Johnson Matthey's Ebit and Operating Income go up and down completely randomly.

Correlation Coefficient

0.86
Relationship DirectionPositive 
Relationship StrengthStrong

Ebit

Operating Income

Operating Income is the amount of profit realized from Johnson Matthey PLC 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 Johnson Matthey PLC 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 Johnson Matthey's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Johnson Matthey PLC 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 Johnson Matthey PLC. 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.
At this time, Johnson Matthey's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 64.9 M in 2024, whereas Discontinued Operations is likely to drop (205.1 M) in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense82M90M132M138.6M
Depreciation And Amortization177M187M192M100.2M

Johnson Matthey fundamental ratios Correlations

0.940.910.960.840.830.650.960.960.840.96-0.240.850.670.620.560.920.870.020.480.990.710.990.240.660.66
0.940.790.850.750.770.690.90.870.840.94-0.050.840.710.650.550.950.730.210.460.920.790.90.270.70.63
0.910.790.990.650.650.470.780.880.770.84-0.280.790.390.330.740.830.86-0.220.330.960.690.960.220.380.7
0.960.850.990.730.730.570.840.920.780.88-0.290.80.490.440.660.850.89-0.170.340.980.70.980.290.470.7
0.840.750.650.730.960.790.90.820.630.81-0.420.640.720.680.150.70.87-0.030.560.780.380.790.260.710.44
0.830.770.650.730.960.850.860.80.60.84-0.350.620.80.730.150.740.84-0.010.580.780.430.770.290.780.43
0.650.690.470.570.790.850.650.530.310.69-0.290.330.680.62-0.010.570.74-0.040.310.620.330.60.640.660.3
0.960.90.780.840.90.860.650.920.790.94-0.230.80.750.730.380.860.790.170.540.90.60.910.20.750.55
0.960.870.880.920.820.80.530.920.890.89-0.330.910.590.550.560.890.84-0.060.50.950.660.960.040.580.66
0.840.840.770.780.630.60.310.790.890.76-0.061.00.470.390.730.870.620.140.470.830.770.84-0.20.450.68
0.960.940.840.880.810.840.690.940.890.76-0.140.770.80.750.450.940.770.120.580.940.70.910.280.790.6
-0.24-0.05-0.28-0.29-0.42-0.35-0.29-0.23-0.33-0.06-0.14-0.110.080.00.12-0.05-0.550.730.08-0.250.39-0.28-0.090.07-0.04
0.850.840.790.80.640.620.330.80.911.00.77-0.110.470.390.730.880.660.070.470.850.770.86-0.180.450.69
0.670.710.390.490.720.80.680.750.590.470.80.080.470.97-0.020.70.450.410.610.60.470.550.271.00.2
0.620.650.330.440.680.730.620.730.550.390.750.00.390.97-0.140.630.410.350.590.540.360.50.310.980.15
0.560.550.740.660.150.15-0.010.380.560.730.450.120.73-0.02-0.140.630.41-0.010.090.630.730.64-0.2-0.040.6
0.920.950.830.850.70.740.570.860.890.870.94-0.050.880.70.630.630.710.140.590.920.80.890.090.690.64
0.870.730.860.890.870.840.740.790.840.620.77-0.550.660.450.410.410.71-0.370.320.870.450.890.370.440.55
0.020.21-0.22-0.17-0.03-0.01-0.040.17-0.060.140.120.730.070.410.35-0.010.14-0.370.18-0.060.26-0.08-0.130.41-0.07
0.480.460.330.340.560.580.310.540.50.470.580.080.470.610.590.090.590.320.180.420.380.4-0.140.610.46
0.990.920.960.980.780.780.620.90.950.830.94-0.250.850.60.540.630.920.87-0.060.420.740.990.250.590.68
0.710.790.690.70.380.430.330.60.660.770.70.390.770.470.360.730.80.450.260.380.740.720.090.440.62
0.990.90.960.980.790.770.60.910.960.840.91-0.280.860.550.50.640.890.89-0.080.40.990.720.230.540.67
0.240.270.220.290.260.290.640.20.04-0.20.28-0.09-0.180.270.31-0.20.090.37-0.13-0.140.250.090.230.270.15
0.660.70.380.470.710.780.660.750.580.450.790.070.451.00.98-0.040.690.440.410.610.590.440.540.270.18
0.660.630.70.70.440.430.30.550.660.680.6-0.040.690.20.150.60.640.55-0.070.460.680.620.670.150.18
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Johnson Matthey Account Relationship Matchups

Johnson Matthey fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.4B7.7B6.7B7.0B6.3B6.7B
Short Long Term Debt Total1.4B1.4B1.3B1.7B1.5B1.6B
Other Current Liab2.0B2.2B1.7B1.6B1.5B1.6B
Total Current Liabilities3.3B3.6B3.2B2.9B2.5B2.6B
Total Stockholder Equity2.8B2.7B2.4B2.5B2.4B1.3B
Property Plant And Equipment Net1.5B1.5B1.3B1.4B1.5B778.9M
Net Debt1.1B795M860M1.0B951M477.9M
Accounts Payable677M996M753M831M655M687.8M
Cash304M581M391M650M542M569.1M
Non Current Assets Total3.0B2.9B2.5B2.7B2.7B2.8B
Non Currrent Assets Other(200M)(310M)28M(105M)197M206.9M
Cash And Short Term Investments332M625M418M697M542M569.1M
Common Stock Shares Outstanding192.8M193.0M191.6M183.9M184.3M198.0M
Short Term Investments28M44M27M47M53M55.7M
Liabilities And Stockholders Equity7.4B7.7B6.7B7.0B6.3B6.7B
Non Current Liabilities Total1.1B1.3B1.5B1.6B1.4B1.5B
Inventory1.9B1.8B1.5B1.7B1.2B615.3M
Other Stockholder Equity103M116M124M129M167M110.7M
Total Liab4.5B5.1B4.2B4.5B4.0B4.2B
Property Plant And Equipment Gross1.5B1.5B3.0B3.2B3.3B3.5B
Total Current Assets4.3B4.9B4.2B4.4B3.7B3.8B
Short Term Debt374M84M312M177M130M143.6M
Current Deferred Revenue134M184M273M181M177M185.9M
Accumulated Other Comprehensive Income142M(5M)50M118M36M37.8M
Intangible Assets976M913M633M651M301M279.0M
Other Liab211M193M158M132M151.8M163.5M
Long Term Debt988M1.3B899M1.5B1.3B762.8M
Net Receivables2.0B2.3B1.8B1.9B1.7B1.8B
Good Will580M554M366M364M353M480.8M
Property Plant Equipment1.3B1.5B1.5B1.3B1.5B993.4M
Other Assets524M475M494M487M560.1M588.1M
Net Tangible Assets1.9B1.9B1.8B1.9B2.2B1.7B
Deferred Long Term Liab75M78M91M2M1.8M1.7M
Short Long Term Debt362M62M302M168M122M197.2M

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