Vulcan Income Before Tax vs Ebit Analysis

VSL Stock

7.02 0.17 2.48%

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

Income Before Tax vs Ebit

Income Before Tax vs Ebit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vulcan Steel Income Before Tax account and Ebit. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Vulcan Steel's Income Before Tax and Ebit is 0.97. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Ebit in the same time period over historical financial statements of Vulcan Steel, assuming nothing else is changed. The correlation between historical values of Vulcan Steel's Income Before Tax and Ebit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Vulcan Steel are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Income Before Tax i.e., Vulcan Steel's Income Before Tax and Ebit go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Vulcan Steel income statement and is an important metric when analyzing Vulcan Steel 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.

Ebit

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

Tax Provision is likely to gain to about 27 M in 2024, whereas Selling General Administrative is likely to drop slightly above 104.1 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Income	3.6K	35.6M	263K	249.9K
Tax Provision	51.7M	37M	18.9M	27.0M

Interest Income Tax Provision

Vulcan Steel fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab
Total Assets		1.0	0.56	0.65	0.83	0.94	0.97	-0.9	1.0	0.8	0.87	0.95	0.97	0.26	0.54	0.97	0.95	0.96	0.83	0.55	0.93	1.0	0.97	0.32	0.14	1.0
Short Long Term Debt Total	1.0		0.54	0.63	0.8	0.93	0.98	-0.91	1.0	0.78	0.87	0.96	0.98	0.24	0.54	0.95	0.96	0.94	0.84	0.55	0.93	1.0	0.95	0.35	0.13	1.0
Other Current Liab	0.56	0.54		0.41	0.71	0.58	0.46	-0.76	0.51	0.71	0.51	0.64	0.44	-0.25	0.52	0.56	0.64	0.62	0.61	0.19	0.52	0.51	0.64	-0.09	0.68	0.52
Total Current Liabilities	0.65	0.63	0.41		0.44	0.71	0.54	-0.55	0.62	0.38	0.83	0.57	0.54	-0.11	0.24	0.58	0.57	0.81	0.4	0.27	0.61	0.61	0.68	0.61	0.14	0.66
Total Stockholder Equity	0.83	0.8	0.71	0.44		0.8	0.72	-0.75	0.79	1.0	0.53	0.83	0.72	0.37	0.57	0.91	0.83	0.83	0.61	0.51	0.8	0.79	0.91	-0.22	0.41	0.78
Net Tangible Assets	0.94	0.93	0.58	0.71	0.8		0.89	-0.85	0.92	0.75	0.83	0.95	0.89	0.02	0.35	0.9	0.95	0.92	0.72	0.68	0.9	0.92	0.92	0.33	0.27	0.93
Property Plant And Equipment Net	0.97	0.98	0.46	0.54	0.72	0.89		-0.9	0.98	0.69	0.86	0.94	1.0	0.23	0.5	0.9	0.94	0.87	0.87	0.57	0.92	0.99	0.88	0.4	0.06	0.98
Current Deferred Revenue	-0.9	-0.91	-0.76	-0.55	-0.75	-0.85	-0.9		-0.9	-0.74	-0.85	-0.9	-0.89	0.03	-0.48	-0.83	-0.9	-0.86	-0.95	-0.52	-0.89	-0.9	-0.86	-0.32	-0.25	-0.9
Net Debt	1.0	1.0	0.51	0.62	0.79	0.92	0.98	-0.9		0.77	0.87	0.94	0.98	0.26	0.52	0.96	0.94	0.93	0.85	0.56	0.93	1.0	0.95	0.36	0.07	1.0
Retained Earnings	0.8	0.78	0.71	0.38	1.0	0.75	0.69	-0.74	0.77		0.48	0.8	0.69	0.4	0.58	0.9	0.8	0.79	0.61	0.48	0.78	0.76	0.89	-0.28	0.39	0.76
Accounts Payable	0.87	0.87	0.51	0.83	0.53	0.83	0.86	-0.85	0.87	0.48		0.81	0.86	-0.07	0.43	0.74	0.81	0.88	0.79	0.37	0.8	0.87	0.8	0.7	0.1	0.89
Cash	0.95	0.96	0.64	0.57	0.83	0.95	0.94	-0.9	0.94	0.8	0.81		0.94	0.12	0.53	0.9	1.0	0.88	0.79	0.59	0.91	0.95	0.91	0.24	0.37	0.95
Non Current Assets Total	0.97	0.98	0.44	0.54	0.72	0.89	1.0	-0.89	0.98	0.69	0.86	0.94		0.25	0.49	0.9	0.94	0.87	0.86	0.57	0.92	0.99	0.88	0.4	0.05	0.98
Non Currrent Assets Other	0.26	0.24	-0.25	-0.11	0.37	0.02	0.23	0.03	0.26	0.4	-0.07	0.12	0.25		0.43	0.38	0.12	0.2	0.01	-0.03	0.21	0.26	0.29	-0.33	-0.29	0.24
Other Assets	0.54	0.54	0.52	0.24	0.57	0.35	0.5	-0.48	0.52	0.58	0.43	0.53	0.49	0.43		0.55	0.53	0.52	0.38	-0.32	0.31	0.53	0.57	-0.07	0.43	0.52
Long Term Debt	0.97	0.95	0.56	0.58	0.91	0.9	0.9	-0.83	0.96	0.9	0.74	0.9	0.9	0.38	0.55		0.9	0.94	0.75	0.55	0.89	0.95	0.99	0.12	0.13	0.95
Cash And Short Term Investments	0.95	0.96	0.64	0.57	0.83	0.95	0.94	-0.9	0.94	0.8	0.81	1.0	0.94	0.12	0.53	0.9		0.88	0.79	0.59	0.91	0.95	0.91	0.24	0.37	0.95
Net Receivables	0.96	0.94	0.62	0.81	0.83	0.92	0.87	-0.86	0.93	0.79	0.88	0.88	0.87	0.2	0.52	0.94	0.88		0.74	0.47	0.88	0.93	0.98	0.35	0.17	0.95
Good Will	0.83	0.84	0.61	0.4	0.61	0.72	0.87	-0.95	0.85	0.61	0.79	0.79	0.86	0.01	0.38	0.75	0.79	0.74		0.51	0.84	0.85	0.75	0.37	0.0	0.84
Common Stock Shares Outstanding	0.55	0.55	0.19	0.27	0.51	0.68	0.57	-0.52	0.56	0.48	0.37	0.59	0.57	-0.03	-0.32	0.55	0.59	0.47	0.51		0.75	0.55	0.51	0.09	-0.06	0.55
Long Term Debt Total	0.93	0.93	0.52	0.61	0.8	0.9	0.92	-0.89	0.93	0.78	0.8	0.91	0.92	0.21	0.31	0.89	0.91	0.88	0.84	0.75		0.93	0.89	0.27	0.1	0.93
Non Current Liabilities Total	1.0	1.0	0.51	0.61	0.79	0.92	0.99	-0.9	1.0	0.76	0.87	0.95	0.99	0.26	0.53	0.95	0.95	0.93	0.85	0.55	0.93		0.94	0.36	0.09	1.0
Inventory	0.97	0.95	0.64	0.68	0.91	0.92	0.88	-0.86	0.95	0.89	0.8	0.91	0.88	0.29	0.57	0.99	0.91	0.98	0.75	0.51	0.89	0.94		0.18	0.21	0.95
Other Current Assets	0.32	0.35	-0.09	0.61	-0.22	0.33	0.4	-0.32	0.36	-0.28	0.7	0.24	0.4	-0.33	-0.07	0.12	0.24	0.35	0.37	0.09	0.27	0.36	0.18		-0.33	0.39
Other Stockholder Equity	0.14	0.13	0.68	0.14	0.41	0.27	0.06	-0.25	0.07	0.39	0.1	0.37	0.05	-0.29	0.43	0.13	0.37	0.17	0.0	-0.06	0.1	0.09	0.21	-0.33		0.1
Total Liab	1.0	1.0	0.52	0.66	0.78	0.93	0.98	-0.9	1.0	0.76	0.89	0.95	0.98	0.24	0.52	0.95	0.95	0.95	0.84	0.55	0.93	1.0	0.95	0.39	0.1

Click cells to compare fundamentals

Vulcan Steel Account Relationship Matchups

Vulcan Steel fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	556.3M	580.8M	717.3M	1.0B	906.4M	705.6M
Short Long Term Debt Total	294.9M	323.8M	411.9M	649.7M	590.2M	389.0M
Other Current Liab	18.6M	11.9M	42.2M	24.1M	20.7M	25.5M
Total Current Liabilities	126.4M	184.2M	190.2M	191.2M	169.4M	183.2M
Total Stockholder Equity	135.0M	85.9M	167.1M	185.9M	172.1M	156.5M
Net Tangible Assets	120.8M	140.8M	172.5M	170.9M	196.5M	154.1M
Property Plant And Equipment Net	237.7M	230.2M	213.6M	347.2M	350.4M	235.4M
Net Debt	280.7M	313.6M	351.0M	629.4M	566.1M	366.5M
Retained Earnings	120.6M	69.2M	141.8M	163.6M	147.8M	135.7M
Accounts Payable	95.2M	147.0M	135.4M	142.8M	123.5M	128.7M
Cash	14.2M	10.2M	21.7M	20.3M	24.1M	15.6M
Non Current Assets Total	257.2M	250.7M	230.7M	370.9M	373.1M	257.8M
Non Currrent Assets Other	5.4M	1.43	0.9	8.6M	2.9M	3.3M
Long Term Debt	124.3M	80M	190.3M	360M	299.9M	191.5M
Cash And Short Term Investments	14.2M	10.2M	21.7M	20.3M	24.1M	15.6M
Net Receivables	95.7M	119.2M	141.6M	169.3M	143.4M	136.9M
Good Will	11.6M	11.6M	10.6M	12.0M	12.0M	12.2M
Long Term Debt Total	294.9M	261.6M	399.2M	627.1M	721.1M	757.2M
Liabilities And Stockholders Equity	556.3M	580.8M	717.3M	1.0B	906.4M	705.6M
Non Current Liabilities Total	294.9M	310.7M	360.1M	627.1M	565.0M	364.2M
Inventory	189.2M	191.0M	318.6M	437.7M	360.6M	290.9M
Other Current Assets	40K	22.5M	4.7M	5.9M	5.2M	6.4M
Other Stockholder Equity	2.6M	(5.7M)	16.0M	(2.2M)	2.0	1.9
Total Liab	421.3M	494.9M	550.2M	818.3M	734.4M	547.3M
Total Current Assets	299.1M	330.1M	486.6M	633.3M	533.3M	447.8M
Accumulated Other Comprehensive Income	2.6M	4.7M	14.5M	10.3M	12.3M	8.0M
Cash And Equivalents	14.2M	10.2M	24.0M	20.3M	23.4M	14.3M
Short Term Debt	12.7M	12.2M	12.6M	22.7M	25.2M	19.8M
Intangible Assets	2.5M	13.3M	920.8K	3.0M	1.4M	1.3M
Common Stock	11.9M	12.0M	10.8M	12.0M	13.8M	12.7M
Property Plant Equipment	237.7M	230.8M	236.9M	347.2M	399.3M	215.6M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Vulcan Stock Analysis

When running Vulcan Steel's price analysis, check to measure Vulcan Steel's 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 Vulcan Steel is operating at the current time. Most of Vulcan Steel's value examination focuses on studying past and present price action to predict the probability of Vulcan Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vulcan Steel's price. Additionally, you may evaluate how the addition of Vulcan Steel to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC