WESTLIFE Net Income vs Reconciled Depreciation Analysis

WESTLIFE   801.05  14.00  1.72%   
WESTLIFE FOODWORLD financial indicator trend analysis is more than just analyzing WESTLIFE FOODWORLD current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WESTLIFE FOODWORLD is a good investment. Please check the relationship between WESTLIFE FOODWORLD Net Income and its Reconciled Depreciation accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WESTLIFE FOODWORLD LIMITED. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Net Income vs Reconciled Depreciation

Net Income vs Reconciled Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of WESTLIFE FOODWORLD Net Income account and Reconciled Depreciation. At this time, the significance of the direction appears to have very week relationship.
The correlation between WESTLIFE FOODWORLD's Net Income and Reconciled Depreciation is 0.29. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of WESTLIFE FOODWORLD LIMITED, assuming nothing else is changed. The correlation between historical values of WESTLIFE FOODWORLD's Net Income and Reconciled Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of WESTLIFE FOODWORLD LIMITED are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Net Income i.e., WESTLIFE FOODWORLD's Net Income and Reconciled Depreciation go up and down completely randomly.

Correlation Coefficient

0.29
Relationship DirectionPositive 
Relationship StrengthVery Weak

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in WESTLIFE FOODWORLD financial statement analysis. It represents the amount of money remaining after all of WESTLIFE FOODWORLD LIMITED operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Reconciled Depreciation

Most indicators from WESTLIFE FOODWORLD's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WESTLIFE FOODWORLD 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WESTLIFE FOODWORLD LIMITED. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
The WESTLIFE FOODWORLD's current Tax Provision is estimated to increase to about 279.6 M, while Selling General Administrative is projected to decrease to roughly 230 M.
 2021 2022 2023 2024 (projected)
Gross Profit7.2B12.7B12.1B12.7B
Total Revenue15.6B22.6B23.7B24.9B

WESTLIFE FOODWORLD fundamental ratios Correlations

0.530.820.550.990.97-0.061.0-0.030.210.470.55-0.190.980.560.570.930.590.970.880.260.880.870.65-0.70.81
0.530.210.30.510.47-0.070.51-0.180.070.250.730.050.540.290.340.550.040.520.690.070.680.590.32-0.840.34
0.820.210.540.780.78-0.060.80.180.470.530.10.130.780.680.590.630.560.770.730.510.640.790.74-0.260.52
0.550.30.540.440.35-0.250.490.670.650.430.360.330.40.770.970.28-0.020.350.510.650.560.660.85-0.190.18
0.990.510.780.440.99-0.041.0-0.130.110.430.54-0.31.00.480.460.970.630.990.860.170.860.830.56-0.720.85
0.970.470.780.350.99-0.060.98-0.170.080.460.48-0.340.990.430.360.970.680.990.840.150.830.80.49-0.70.87
-0.06-0.07-0.06-0.25-0.04-0.06-0.06-0.41-0.12-0.77-0.070.16-0.05-0.01-0.09-0.030.22-0.08-0.05-0.29-0.1-0.21-0.41-0.040.11
1.00.510.80.491.00.98-0.06-0.060.130.460.56-0.240.990.490.510.950.630.970.870.190.870.850.61-0.70.84
-0.03-0.180.180.67-0.13-0.17-0.41-0.060.590.27-0.210.29-0.180.390.58-0.28-0.09-0.19-0.160.63-0.110.060.490.38-0.28
0.210.070.470.650.110.08-0.120.130.590.34-0.240.480.110.880.72-0.06-0.160.090.180.980.130.310.530.1-0.16
0.470.250.530.430.430.46-0.770.460.270.340.210.080.470.370.350.380.040.450.470.50.510.620.67-0.260.28
0.550.730.10.360.540.48-0.070.56-0.21-0.240.21-0.080.540.060.350.610.10.490.62-0.240.710.540.32-0.80.54
-0.190.050.130.33-0.3-0.340.16-0.240.290.480.08-0.08-0.270.340.41-0.43-0.3-0.360.020.41-0.030.070.320.2-0.35
0.980.540.780.41.00.99-0.050.99-0.180.110.470.54-0.270.470.430.970.610.990.880.160.880.850.55-0.740.85
0.560.290.680.770.480.43-0.010.490.390.880.370.060.340.470.840.310.040.450.570.840.520.650.67-0.220.17
0.570.340.590.970.460.36-0.090.510.580.720.350.350.410.430.840.290.00.380.520.690.550.650.84-0.230.17
0.930.550.630.280.970.97-0.030.95-0.28-0.060.380.61-0.430.970.310.290.640.970.820.00.840.740.38-0.810.91
0.590.040.56-0.020.630.680.220.63-0.09-0.160.040.1-0.30.610.040.00.640.60.38-0.120.360.310.06-0.320.74
0.970.520.770.350.990.99-0.080.97-0.190.090.450.49-0.360.990.450.380.970.60.850.160.830.810.51-0.70.81
0.880.690.730.510.860.84-0.050.87-0.160.180.470.620.020.880.570.520.820.380.850.180.960.950.6-0.730.66
0.260.070.510.650.170.15-0.290.190.630.980.5-0.240.410.160.840.690.0-0.120.160.180.140.330.60.08-0.12
0.880.680.640.560.860.83-0.10.87-0.110.130.510.71-0.030.880.520.550.840.360.830.960.140.940.61-0.810.75
0.870.590.790.660.830.8-0.210.850.060.310.620.540.070.850.650.650.740.310.810.950.330.940.78-0.610.59
0.650.320.740.850.560.49-0.410.610.490.530.670.320.320.550.670.840.380.060.510.60.60.610.78-0.20.24
-0.7-0.84-0.26-0.19-0.72-0.7-0.04-0.70.380.1-0.26-0.80.2-0.74-0.22-0.23-0.81-0.32-0.7-0.730.08-0.81-0.61-0.2-0.74
0.810.340.520.180.850.870.110.84-0.28-0.160.280.54-0.350.850.170.170.910.740.810.66-0.120.750.590.24-0.74
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WESTLIFE FOODWORLD Account Relationship Matchups

WESTLIFE FOODWORLD fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets17.6B17.2B18.0B21.0B22.9B24.0B
Other Current Liab93.8M3.5B950.7M4.0B1.0B861.8M
Total Current Liabilities4.7B5.5B5.6B1.9B6.7B7.0B
Total Stockholder Equity5.8B4.8B4.6B5.7B5.9B4.1B
Property Plant And Equipment Net13.4B12.2B13.1B15.9B17.8B18.6B
Net Debt9.6B9.6B10.3B11.9B15.9B16.7B
Cash29.9M108.7M231.3M82.5M141.2M123.0M
Non Current Assets Total15.8B14.6B15.4B19.7B21.7B22.8B
Non Currrent Assets Other1.3B969.3M(119.7M)654.4M1.6B1.3B
Cash And Short Term Investments750.0M1.6B1.3B284.1M1.0B809.3M
Common Stock Shares Outstanding155.7M155.7M155.9M155.9M155.9M163.3M
Liabilities And Stockholders Equity17.6B17.2B18.0B21.0B22.9B24.0B
Other Current Assets644.1M620.8M696.3M2.5B755.5M516.9M
Other Stockholder Equity(1.2B)4.6B6.9B1.2B1.2B1.1B
Total Liab11.9B12.4B13.4B15.3B17.0B17.8B
Total Current Assets1.8B2.7B2.6B1.3B2.4B1.5B
Common Stock311.3M311.6M311.9M311.9M311.9M259.9M
Accumulated Other Comprehensive Income(2.8B)(2.5B)(5.7B)(5.7B)5.6B5.8B
Non Current Liabilities Total7.1B6.9B7.7B13.5B12.6B13.2B
Net Receivables47.3M111.1M184.4M183.4M867.8M911.2M
Short Long Term Debt Total12.3B12.6B10.5B13.1B16.0B16.8B
Accounts Payable1.3B1.9B1.7B1.9B2.0B1.2B
Short Term Investments720.1M1.5B1.1B201.6M867.8M950.3M
Inventory411.4M465.3M559.5M714.3M632.4M412.8M
Short Term Debt2.6B2.9B3.0B3.2B3.7B2.1B
Intangible Assets468.8M419.2M416.8M414.5M396.2M433.3M
Current Deferred Revenue726.0M(2.8B)(2.6B)(7.2B)(2.4B)(2.3B)
Retained Earnings895.2M(106.8M)3.1B4.2B4.4B4.6B
Net Tangible Assets4.8B3.9B3.7B4.8B4.3B3.6B
Other Assets218.8M510.2M960.5M805.3M(1.3B)(1.2B)
Long Term Debt Total9.7B9.7B7.6B10.0B11.5B12.0B
Capital Surpluse7.0B7.1B7.1B7.1B8.2B6.1B
Short Long Term Debt1.8B2.2B2.0B2.1B2.4B2.0B
Property Plant Equipment13.4B12.2B13.1B15.9B18.3B10.1B
Other Liab413.8M277.1M474.1M594.8M684.0M718.2M
Net Invested Capital7.6B7.0B6.6B7.7B8.3B8.3B
Non Current Liabilities Other(10K)237.5M192.5M328.7M318.3M170.9M
Net Working Capital(3.3B)(642.9M)(109.9M)(548.7M)(916.6M)(962.5M)

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Other Information on Investing in WESTLIFE Stock

Balance Sheet is a snapshot of the financial position of WESTLIFE FOODWORLD at a specified time, usually calculated after every quarter, six months, or one year. WESTLIFE FOODWORLD Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of WESTLIFE FOODWORLD and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which WESTLIFE currently owns. An asset can also be divided into two categories, current and non-current.