Tabcorp Research Development vs Income Before Tax Analysis

TAH Stock   0.57  0.01  1.79%   
Tabcorp Holdings financial indicator trend analysis is much more than just breaking down Tabcorp Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tabcorp Holdings is a good investment. Please check the relationship between Tabcorp Holdings Research Development and its Income Before Tax accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tabcorp Holdings. 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.

Research Development vs Income Before Tax

Research Development vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tabcorp Holdings Research Development account and Income Before Tax. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Tabcorp Holdings' Research Development and Income Before Tax is 0.83. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Tabcorp Holdings, assuming nothing else is changed. The correlation between historical values of Tabcorp Holdings' Research Development and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Research Development of Tabcorp Holdings are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Research Development i.e., Tabcorp Holdings' Research Development and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.83
Relationship DirectionPositive 
Relationship StrengthStrong

Research Development

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Tabcorp Holdings income statement and is an important metric when analyzing Tabcorp Holdings 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.
Most indicators from Tabcorp Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tabcorp Holdings 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Tabcorp Holdings. 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.
Discontinued Operations is likely to gain to about 519.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 187.3 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense125.8M36.9M51.8M49.2M
Depreciation And Amortization286.4M240.5M220.3M189.8M

Tabcorp Holdings fundamental ratios Correlations

0.290.870.970.890.93-0.750.960.881.0-0.240.870.30.60.510.960.760.080.980.490.840.870.980.550.94-0.11
0.290.470.30.140.33-0.050.190.070.27-0.730.04-0.190.01-0.120.120.38-0.320.29-0.130.32-0.070.280.70.31-0.98
0.870.470.830.820.85-0.720.870.740.86-0.140.760.310.550.50.80.820.090.880.550.890.80.870.810.85-0.3
0.970.30.830.880.85-0.670.960.870.97-0.280.870.230.550.460.890.730.10.930.480.820.850.960.530.86-0.12
0.890.140.820.880.87-0.70.870.740.89-0.040.740.150.360.330.90.76-0.080.90.330.720.910.880.490.870.02
0.930.330.850.850.87-0.80.840.720.93-0.270.70.160.410.310.960.8-0.160.970.240.710.780.930.571.0-0.19
-0.75-0.05-0.72-0.67-0.7-0.8-0.72-0.62-0.75-0.07-0.7-0.1-0.32-0.28-0.83-0.82-0.28-0.81-0.43-0.65-0.78-0.83-0.48-0.81-0.07
0.960.190.870.960.870.84-0.720.940.96-0.10.940.430.70.650.920.720.20.940.650.910.90.940.550.86-0.01
0.880.070.740.870.740.72-0.620.940.87-0.010.980.590.80.750.850.530.280.850.670.90.840.830.420.760.11
1.00.270.860.970.890.93-0.750.960.87-0.240.870.30.590.50.960.760.070.980.480.820.870.980.530.94-0.1
-0.24-0.73-0.14-0.28-0.04-0.27-0.07-0.1-0.01-0.240.040.380.10.29-0.1-0.140.51-0.220.31-0.020.23-0.25-0.26-0.250.74
0.870.040.760.870.740.7-0.70.940.980.870.040.540.760.720.840.570.380.840.740.910.870.850.450.740.13
0.3-0.190.310.230.150.16-0.10.430.590.30.380.540.880.910.3-0.060.370.290.650.510.390.20.060.230.31
0.60.010.550.550.360.41-0.320.70.80.590.10.760.880.970.540.240.420.560.780.740.570.510.320.470.15
0.51-0.120.50.460.330.31-0.280.650.750.50.290.720.910.970.460.20.490.470.840.720.580.420.290.370.27
0.960.120.80.890.90.96-0.830.920.850.96-0.10.840.30.540.460.760.030.980.40.770.890.950.450.970.04
0.760.380.820.730.760.8-0.820.720.530.76-0.140.57-0.060.240.20.760.090.80.30.660.720.810.680.79-0.26
0.08-0.320.090.1-0.08-0.16-0.280.20.280.070.510.380.370.420.490.030.090.010.670.30.310.090.06-0.110.39
0.980.290.880.930.90.97-0.810.940.850.98-0.220.840.290.560.470.980.80.010.420.820.860.980.570.98-0.12
0.49-0.130.550.480.330.24-0.430.650.670.480.310.740.650.780.840.40.30.670.420.720.60.480.350.290.27
0.840.320.890.820.720.71-0.650.910.90.82-0.020.910.510.740.720.770.660.30.820.720.810.810.750.74-0.14
0.87-0.070.80.850.910.78-0.780.90.840.870.230.870.390.570.580.890.720.310.860.60.810.860.440.80.25
0.980.280.870.960.880.93-0.830.940.830.98-0.250.850.20.510.420.950.810.090.980.480.810.860.560.94-0.12
0.550.70.810.530.490.57-0.480.550.420.53-0.260.450.060.320.290.450.680.060.570.350.750.440.560.56-0.6
0.940.310.850.860.871.0-0.810.860.760.94-0.250.740.230.470.370.970.79-0.110.980.290.740.80.940.56-0.16
-0.11-0.98-0.3-0.120.02-0.19-0.07-0.010.11-0.10.740.130.310.150.270.04-0.260.39-0.120.27-0.140.25-0.12-0.6-0.16
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Tabcorp Holdings Account Relationship Matchups

Tabcorp Holdings fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets12.4B11.9B4.0B4.1B3.4B5.2B
Other Current Liab172M200.1M214.7M59.1M80.3M76.3M
Total Current Liabilities1.6B1.7B864.3M667.3M666.6M824.0M
Total Stockholder Equity6.0B6.7B2.7B2.7B1.2B1.2B
Property Plant And Equipment Net731M608.6M349.4M271.7M184M174.8M
Net Debt3.7B2.4B117.6M281.7M830.7M1.4B
Retained Earnings(2.6B)(2.5B)1.1B966.4M(438.8M)(416.9M)
Accounts Payable1.2B1.2B598.5M571M554.9M446.8M
Cash349M424.4M199.4M290.7M313.7M215.5M
Non Current Assets Total11.7B11.0B3.6B3.5B2.8B4.8B
Non Currrent Assets Other59M44.7M46.9M43.1M41.8M43.9M
Cash And Short Term Investments375M553.3M199.4M290.7M313.7M221.7M
Net Receivables72M86.2M129.9M105.3M160.9M168.9M
Common Stock Shares Outstanding2.0B2.2B2.2B2.3B2.3B2.4B
Liabilities And Stockholders Equity12.4B11.9B4.0B4.1B3.4B5.2B
Non Current Liabilities Total4.7B3.5B473.3M726M1.5B1.6B
Other Stockholder Equity(1M)669.3M(600K)(800K)(1.2M)(1.3M)
Total Liab6.4B5.2B1.3B1.4B2.1B2.5B
Property Plant And Equipment Gross731M1.5B932.2M754.9M734.4M828.0M
Total Current Assets727M898.2M431.4M551.8M571.1M367.5M
Accumulated Other Comprehensive Income50M(500K)1M5.6M(2.8M)(2.9M)
Intangible Assets10.3B10.1B3.2B3.1B1.6B2.6B
Common Stock8.6B9.2B1.6B1.7B1.7B3.1B
Other Current Assets280M258.7M102.1M155.8M96.5M83.0M
Short Long Term Debt Total4.1B2.8B317M572.4M1.1B1.9B
Current Deferred Revenue91M54.9M8.5M56.4M50.8M53.3M
Short Term Debt296M223.6M42.6M37.2M31.4M29.8M
Other Liab859M841M895.1M190.8M219.4M277.8M
Other Assets351M488M1.047.3M54.4M51.7M
Long Term Debt3.5B2.3B135.3M431.9M1.4B1.6B
Good Will8.3B7.2B7.0B1.7B988M938.6M
Property Plant Equipment731M609M608.6M271.7M244.5M232.3M
Net Tangible Assets(4.3B)(3.4B)(3.4B)(485.1M)(436.6M)(458.4M)
Short Long Term Debt132.9M192M249M177M159.3M316.2M
Long Term Debt Total3.8B2.6B274.4M535.2M481.7M457.6M
Long Term Investments185.8M188M129M30.6M30.1M28.6M

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Additional Tools for Tabcorp Stock Analysis

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