ACNB Income Tax Expense vs Operating Income Analysis

ACNB Stock

USD 33.50 0.37 1.12%

ACNB financial indicator trend analysis is way more than just evaluating ACNB prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ACNB is a good investment. Please check the relationship between ACNB Income Tax Expense and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ACNB Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Income Tax Expense vs Operating Income

Income Tax Expense vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ACNB Income Tax Expense account and Operating Income. At this time, the significance of the direction appears to have no relationship.

The correlation between ACNB's Income Tax Expense and Operating Income is 0.09. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Operating Income in the same time period over historical financial statements of ACNB Corporation, assuming nothing else is changed. The correlation between historical values of ACNB's Income Tax Expense 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 Income Tax Expense of ACNB Corporation 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 Income Tax Expense i.e., ACNB's Income Tax Expense and Operating Income go up and down completely randomly.

Correlation Coefficient

0.09

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Income Tax Expense

Operating Income

Operating Income is the amount of profit realized from ACNB 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 ACNB Corporation 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 ACNB's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ACNB 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in ACNB Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

At present, ACNB's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 420.03, whereas Tax Provision is forecasted to decline to about 6.6 M.

	2021	2022	2023	2024 (projected)
Gross Profit	93.9M	421K	115.1M	120.8M
Total Revenue	93.9M	421K	115.1M	120.8M

Gross Profit Total Revenue

ACNB fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Other Liab	Accounts Payable	Long Term Debt	Short Term Investments	Inventory	Property Plant Equipment
Total Assets		0.03	0.15	0.84	0.95	-0.63	0.74	0.74	0.32	-0.07	-0.02	0.76	0.95	0.96	0.86	0.08	0.8	0.14	0.2	0.98	0.95	0.81	0.05	0.78	-0.45	-0.13
Short Long Term Debt Total	0.03		0.93	0.45	-0.03	0.55	0.57	-0.25	0.89	0.92	-0.62	-0.51	0.25	0.12	0.34	0.59	0.43	-0.44	0.85	0.14	0.09	0.47	0.98	0.4	-0.16	-0.26
Total Current Liabilities	0.15	0.93		0.59	0.03	0.39	0.69	-0.09	0.98	0.92	-0.81	-0.35	0.39	0.31	0.52	0.59	0.6	-0.61	0.93	0.28	0.22	0.63	0.89	0.55	-0.2	-0.5
Total Stockholder Equity	0.84	0.45	0.59		0.77	-0.36	0.96	0.59	0.72	0.35	-0.39	0.49	0.86	0.9	0.97	0.35	0.96	-0.17	0.57	0.88	0.86	0.99	0.45	0.91	-0.5	-0.3
Property Plant And Equipment Net	0.95	-0.03	0.03	0.77		-0.6	0.65	0.68	0.18	-0.19	0.18	0.72	0.86	0.87	0.76	0.05	0.67	0.27	0.04	0.91	0.94	0.71	0.03	0.62	-0.5	0.15
Net Debt	-0.63	0.55	0.39	-0.36	-0.6		-0.15	-0.95	0.27	0.52	-0.21	-0.95	-0.42	-0.58	-0.45	0.6	-0.36	-0.31	0.29	-0.54	-0.59	-0.35	0.55	-0.32	0.14	0.09
Retained Earnings	0.74	0.57	0.69	0.96	0.65	-0.15		0.4	0.81	0.49	-0.46	0.32	0.8	0.81	0.91	0.57	0.95	-0.24	0.67	0.8	0.74	0.96	0.57	0.92	-0.49	-0.38
Cash	0.74	-0.25	-0.09	0.59	0.68	-0.95	0.4		0.03	-0.25	0.0	0.91	0.58	0.72	0.65	-0.47	0.59	0.18	-0.01	0.67	0.71	0.58	-0.26	0.52	-0.23	-0.2
Non Current Assets Total	0.32	0.89	0.98	0.72	0.18	0.27	0.81	0.03		0.87	-0.78	-0.19	0.52	0.46	0.65	0.62	0.73	-0.56	0.93	0.44	0.36	0.76	0.84	0.7	-0.25	-0.53
Non Currrent Assets Other	-0.07	0.92	0.92	0.35	-0.19	0.52	0.49	-0.25	0.87		-0.74	-0.5	0.17	0.06	0.26	0.52	0.38	-0.55	0.88	0.05	-0.05	0.39	0.88	0.37	0.02	-0.43
Other Assets	-0.02	-0.62	-0.81	-0.39	0.18	-0.21	-0.46	0.0	-0.78	-0.74		0.25	-0.25	-0.25	-0.39	-0.34	-0.46	0.9	-0.75	-0.15	-0.11	-0.46	-0.5	-0.44	0.06	0.72
Cash And Short Term Investments	0.76	-0.51	-0.35	0.49	0.72	-0.95	0.32	0.91	-0.19	-0.5	0.25		0.54	0.69	0.56	-0.39	0.49	0.36	-0.24	0.67	0.67	0.46	-0.49	0.48	-0.21	-0.09
Common Stock Total Equity	0.95	0.25	0.39	0.86	0.86	-0.42	0.8	0.58	0.52	0.17	-0.25	0.54		0.95	0.87	0.24	0.83	-0.07	0.41	0.98	0.92	0.85	0.25	0.81	-0.43	-0.24
Common Stock Shares Outstanding	0.96	0.12	0.31	0.9	0.87	-0.58	0.81	0.72	0.46	0.06	-0.25	0.69	0.95		0.94	0.14	0.87	-0.08	0.33	0.98	0.95	0.89	0.1	0.85	-0.47	-0.28
Other Stockholder Equity	0.86	0.34	0.52	0.97	0.76	-0.45	0.91	0.65	0.65	0.26	-0.39	0.56	0.87	0.94		0.25	0.94	-0.19	0.53	0.91	0.87	0.98	0.31	0.91	-0.48	-0.34
Total Liab	0.08	0.59	0.59	0.35	0.05	0.6	0.57	-0.47	0.62	0.52	-0.34	-0.39	0.24	0.14	0.25		0.4	-0.28	0.5	0.18	0.06	0.35	0.61	0.43	-0.22	-0.25
Property Plant And Equipment Gross	0.8	0.43	0.6	0.96	0.67	-0.36	0.95	0.59	0.73	0.38	-0.46	0.49	0.83	0.87	0.94	0.4		-0.18	0.61	0.85	0.77	0.97	0.41	0.95	-0.46	-0.52
Total Current Assets	0.14	-0.44	-0.61	-0.17	0.27	-0.31	-0.24	0.18	-0.56	-0.55	0.9	0.36	-0.07	-0.08	-0.19	-0.28	-0.18		-0.51	0.02	0.0	-0.22	-0.32	-0.2	-0.02	0.43
Short Term Debt	0.2	0.85	0.93	0.57	0.04	0.29	0.67	-0.01	0.93	0.88	-0.75	-0.24	0.41	0.33	0.53	0.5	0.61	-0.51		0.32	0.21	0.63	0.8	0.62	-0.06	-0.53
Common Stock	0.98	0.14	0.28	0.88	0.91	-0.54	0.8	0.67	0.44	0.05	-0.15	0.67	0.98	0.98	0.91	0.18	0.85	0.02	0.32		0.95	0.87	0.14	0.83	-0.46	-0.19
Other Liab	0.95	0.09	0.22	0.86	0.94	-0.59	0.74	0.71	0.36	-0.05	-0.11	0.67	0.92	0.95	0.87	0.06	0.77	0.0	0.21	0.95		0.83	0.1	0.7	-0.54	-0.04
Accounts Payable	0.81	0.47	0.63	0.99	0.71	-0.35	0.96	0.58	0.76	0.39	-0.46	0.46	0.85	0.89	0.98	0.35	0.97	-0.22	0.63	0.87	0.83		0.46	0.93	-0.48	-0.39
Long Term Debt	0.05	0.98	0.89	0.45	0.03	0.55	0.57	-0.26	0.84	0.88	-0.5	-0.49	0.25	0.1	0.31	0.61	0.41	-0.32	0.8	0.14	0.1	0.46		0.35	-0.19	-0.15
Short Term Investments	0.78	0.4	0.55	0.91	0.62	-0.32	0.92	0.52	0.7	0.37	-0.44	0.48	0.81	0.85	0.91	0.43	0.95	-0.2	0.62	0.83	0.7	0.93	0.35		-0.31	-0.51
Inventory	-0.45	-0.16	-0.2	-0.5	-0.5	0.14	-0.49	-0.23	-0.25	0.02	0.06	-0.21	-0.43	-0.47	-0.48	-0.22	-0.46	-0.02	-0.06	-0.46	-0.54	-0.48	-0.19	-0.31		0.06
Property Plant Equipment	-0.13	-0.26	-0.5	-0.3	0.15	0.09	-0.38	-0.2	-0.53	-0.43	0.72	-0.09	-0.24	-0.28	-0.34	-0.25	-0.52	0.43	-0.53	-0.19	-0.04	-0.39	-0.15	-0.51	0.06

Click cells to compare fundamentals

ACNB Account Relationship Matchups

ACNB fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.7B	2.6B	2.8B	2.5B	2.4B	1.3B
Short Long Term Debt Total	69.8M	56.9M	38.0M	24.2M	254.8M	267.5M
Total Current Liabilities	750K	41.6M	38.5M	45.1M	1.6B	1.7B
Total Stockholder Equity	189.5M	258.0M	272.1M	245.0M	277.5M	291.3M
Property Plant And Equipment Net	29.2M	36.2M	34.3M	30.2M	28.9M	17.2M
Net Debt	(44.6M)	(342.5M)	(672.2M)	(144.0M)	188.8M	198.3M
Retained Earnings	138.7M	148.4M	167.2M	193.9M	213.5M	224.2M
Cash	114.4M	399.4M	710.1M	168.2M	66.0M	75.6M
Non Current Assets Total	266.9M	437.1M	529.9M	706.1M	2.4B	2.5B
Non Currrent Assets Other	(7.9M)	(11.4M)	(10.5M)	(25.4M)	2.2B	2.3B
Other Assets	1.1B	1.4B	1.1B	1.1B	1.0	0.95
Cash And Short Term Investments	305.2M	737.1M	1.1B	721.7M	(21.4M)	(20.4M)
Common Stock Total Equity	17.9M	21.9M	22.0M	22.1M	25.4M	16.9M
Common Stock Shares Outstanding	7.1M	8.6M	8.7M	8.6M	8.5M	7.1M
Liabilities And Stockholders Equity	1.7B	2.6B	2.8B	2.5B	2.4B	1.3B
Other Stockholder Equity	38.9M	93.3M	92.4M	87.1M	86.6M	91.0M
Total Liab	1.5B	56.9M	38.0M	2.3B	2.1B	2.3B
Property Plant And Equipment Gross	29.2M	36.2M	61.0M	55.7M	56.2M	59.0M
Total Current Assets	305.2M	737.1M	1.1B	721.7M	66.4M	63.1M
Short Term Debt	750K	41.6M	38.5M	45.1M	137.7M	144.6M
Common Stock	17.9M	21.9M	22.0M	22.1M	22.2M	17.2M
Accumulated Other Comprehensive Income	(5.9M)	(5.6M)	(9.5M)	(58.0M)	(44.9M)	(42.7M)
Other Liab	15.2M	19.7M	18.6M	15.4M	17.7M	11.1M
Accounts Payable	1.4B	2.2B	2.4B	2.2B	2.5B	2.7B
Long Term Debt	65.5M	53.7M	34.7M	21M	195.3M	205.1M
Short Term Investments	190.8M	337.7M	437.1M	553.6M	451.7M	474.3M
Inventory	436K	155K	364K	474K	426.6K	405.3K
Property Plant Equipment	29.2M	33.0M	1.1M	3.4M	3.9M	3.7M
Non Current Liabilities Total	69.8M	56.9M	38.0M	2.2B	535.8M	562.6M
Intangible Assets	4.4M	7.3M	6.1M	10.3M	9.1M	5.5M
Other Current Assets	114.7M	399.4M	711.2M	172.0M	66.4M	63.1M
Other Current Liab	(750K)	38.5M	2.4B	2.2B	1.5B	1.2B
Net Tangible Assets	165.5M	208.6M	272.1M	190.5M	219.1M	157.2M
Capital Surpluse	39.6M	94.0M	94.7M	96.0M	110.4M	115.9M
Long Term Investments	213.7M	2.0B	437.1M	553.6M	518.2M	704.6M

Pair Trading with ACNB

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 ACNB 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 ACNB will appreciate offsetting losses from the drop in the long position's value.

Moving together with ACNB Stock

0.81	AX	Axos Financial Buyout Trend	Pair Corr
0.69	BY	Byline Bancorp Normal Trading	Pair Corr
0.64	PB	Prosperity Bancshares Financial Report 24th of July 2024	Pair Corr

Moving against ACNB Stock

0.63	TECTP	Tectonic Financial	Pair Corr
0.52	CFG-PD	Citizens Financial Earnings Call This Week	Pair Corr
0.46	NU	Nu Holdings Aggressive Push	Pair Corr

The ability to find closely correlated positions to ACNB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ACNB 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 ACNB - 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 ACNB Corporation to buy it.

The correlation of ACNB 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 ACNB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ACNB 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 ACNB 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.

Pair Correlation Correlation Matching

When determining whether ACNB offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ACNB's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Acnb Corporation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Acnb Corporation Stock:

How To Invest In ACNB

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Is ACNB Stock a good investment?

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What is ACNB's Net Worth?

Details

Largest Banks - Regional Companies

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Largest Financial Services Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ACNB Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

Complementary Tools for ACNB Stock analysis

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

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Is ACNB's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ACNB. If investors know ACNB will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ACNB listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.25)

Dividend Share

1.16

Earnings Share

3.45

Revenue Per Share

12.28

Quarterly Revenue Growth

(0.06)

The market value of ACNB is measured differently than its book value, which is the value of ACNB that is recorded on the company's balance sheet. Investors also form their own opinion of ACNB's value that differs from its market value or its book value, called intrinsic value, which is ACNB's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ACNB's market value can be influenced by many factors that don't directly affect ACNB's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between ACNB's value and its price as these two are different measures arrived at by different means. Investors typically determine if ACNB is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ACNB's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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ACNB Income Tax Expense vs Operating Income Analysis

Income Tax Expense vs Operating Income

Income Tax Expense vs Operating Income Correlation Analysis

Correlation Coefficient

Income Tax Expense

Operating Income

ACNB fundamental ratios Correlations

ACNB Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ACNB fundamental ratios Accounts

Pair Trading with ACNB

Moving together with ACNB Stock

Moving against ACNB Stock

Complementary Tools for ACNB Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Accounts Payable	+ 0.99	Total Stockholder Equity
Common Stock	+ 0.98	Total Assets
Long Term Debt	+ 0.98	Short Long Term Debt Total
Non Current Assets Total	+ 0.98	Total Current Liabilities
Common Stock	+ 0.98	Common Stock Total Equity
Common Stock	+ 0.98	Common Stock Shares Outstanding

Cash And Short Term Investments	- 0.95	Net Debt
Cash	- 0.95	Net Debt
Other Assets	- 0.81	Total Current Liabilities
Other Assets	- 0.78	Non Current Assets Total
Short Term Debt	- 0.75	Other Assets
Other Assets	- 0.74	Non Currrent Assets Other