Vaalco Net Income vs Income Tax Expense Analysis

EGY Stock

USD 6.39 0.04 0.62%

Vaalco Energy financial indicator trend analysis is much more than just breaking down Vaalco Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vaalco Energy is a good investment. Please check the relationship between Vaalco Energy Net Income and its Income Tax Expense accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Vaalco Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

For more information on how to buy Vaalco Stock please use our How to Invest in Vaalco Energy guide.

Net Income vs Income Tax Expense

Net Income vs Income Tax Expense Correlation Analysis

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

The correlation between Vaalco Energy's Net Income and Income Tax Expense is 0.1. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Vaalco Energy, assuming nothing else is changed. The correlation between historical values of Vaalco Energy's Net Income and Income Tax Expense 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 Vaalco Energy are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Net Income i.e., Vaalco Energy's Net Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.1

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Net Income

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

Income Tax Expense

Most indicators from Vaalco Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vaalco Energy 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Vaalco Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

For more information on how to buy Vaalco Stock please use our How to Invest in Vaalco Energy guide.At this time, Vaalco Energy's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 62.1 M in 2024, whereas Discontinued Operations is likely to drop (86.9 K) in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	96.8M	184.7M	184.6M	193.9M
Total Revenue	199.1M	354.3M	455.1M	477.8M

Gross Profit Total Revenue

Vaalco Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Short Term Investments	Common Stock	Common Stock Total Equity	Property Plant And Equipment Gross
Total Assets		0.94	0.9	0.89	0.97	0.99	0.13	0.65	0.36	0.5	0.99	0.24	0.5	0.94	0.79	0.95	0.68	0.83	0.12	0.95	0.9	-0.01	-0.01	0.89	0.92	0.87
Short Long Term Debt Total	0.94		0.92	0.89	0.86	0.96	0.36	0.42	0.16	0.29	0.96	0.15	0.29	0.9	0.75	0.97	0.72	0.82	0.17	0.96	0.74	-0.18	-0.17	0.86	0.9	0.88
Other Current Liab	0.9	0.92		0.84	0.83	0.91	0.33	0.39	0.3	0.25	0.91	0.22	0.25	0.92	0.71	0.93	0.64	0.88	0.45	0.91	0.72	-0.24	-0.21	0.85	0.86	0.77
Total Current Liabilities	0.89	0.89	0.84		0.78	0.91	0.46	0.32	0.34	0.14	0.93	0.37	0.14	0.94	0.72	0.94	0.68	0.86	0.17	0.97	0.66	-0.16	-0.16	0.89	0.89	0.74
Total Stockholder Equity	0.97	0.86	0.83	0.78		0.94	-0.08	0.8	0.4	0.66	0.94	0.2	0.66	0.87	0.76	0.86	0.59	0.74	0.06	0.85	0.96	0.07	0.12	0.83	0.85	0.83
Property Plant And Equipment Net	0.99	0.96	0.91	0.91	0.94		0.23	0.57	0.31	0.41	1.0	0.21	0.41	0.95	0.76	0.98	0.71	0.84	0.13	0.97	0.85	-0.03	-0.05	0.88	0.91	0.87
Net Debt	0.13	0.36	0.33	0.46	-0.08	0.23		-0.59	-0.18	-0.78	0.27	0.29	-0.78	0.36	-0.03	0.4	0.33	0.47	0.17	0.42	-0.3	-0.37	-0.51	0.17	0.18	0.1
Retained Earnings	0.65	0.42	0.39	0.32	0.8	0.57	-0.59		0.46	0.88	0.55	0.14	0.88	0.47	0.48	0.39	0.17	0.34	-0.16	0.38	0.87	0.3	0.44	0.47	0.47	0.48
Accounts Payable	0.36	0.16	0.3	0.34	0.4	0.31	-0.18	0.46		0.31	0.3	0.25	0.31	0.46	0.16	0.23	-0.05	0.41	0.22	0.27	0.49	0.45	0.36	0.32	0.24	0.0
Cash	0.5	0.29	0.25	0.14	0.66	0.41	-0.78	0.88	0.31		0.37	-0.19	1.0	0.24	0.54	0.25	0.19	0.04	-0.11	0.23	0.81	0.37	0.41	0.4	0.42	0.5
Non Current Assets Total	0.99	0.96	0.91	0.93	0.94	1.0	0.27	0.55	0.3	0.37		0.27	0.37	0.96	0.76	0.98	0.71	0.87	0.13	0.98	0.83	-0.08	-0.09	0.89	0.92	0.86
Non Currrent Assets Other	0.24	0.15	0.22	0.37	0.2	0.21	0.29	0.14	0.25	-0.19	0.27		-0.19	0.38	0.1	0.21	0.18	0.56	-0.05	0.27	0.1	-0.21	-0.35	0.3	0.22	-0.09
Cash And Short Term Investments	0.5	0.29	0.25	0.14	0.66	0.41	-0.78	0.88	0.31	1.0	0.37	-0.19		0.24	0.54	0.25	0.19	0.04	-0.11	0.23	0.81	0.37	0.41	0.4	0.42	0.5
Net Receivables	0.94	0.9	0.92	0.94	0.87	0.95	0.36	0.47	0.46	0.24	0.96	0.38	0.24		0.67	0.95	0.63	0.93	0.22	0.96	0.77	-0.04	-0.1	0.85	0.86	0.73
Common Stock Shares Outstanding	0.79	0.75	0.71	0.72	0.76	0.76	-0.03	0.48	0.16	0.54	0.76	0.1	0.54	0.67		0.74	0.71	0.51	0.35	0.76	0.76	-0.21	-0.05	0.93	0.95	0.85
Non Current Liabilities Total	0.95	0.97	0.93	0.94	0.86	0.98	0.4	0.39	0.23	0.25	0.98	0.21	0.25	0.95	0.74		0.76	0.85	0.19	0.99	0.74	-0.1	-0.19	0.87	0.91	0.87
Inventory	0.68	0.72	0.64	0.68	0.59	0.71	0.33	0.17	-0.05	0.19	0.71	0.18	0.19	0.63	0.71	0.76		0.57	0.11	0.75	0.51	-0.13	-0.28	0.74	0.78	0.75
Other Current Assets	0.83	0.82	0.88	0.86	0.74	0.84	0.47	0.34	0.41	0.04	0.87	0.56	0.04	0.93	0.51	0.85	0.57		0.24	0.87	0.6	-0.22	-0.21	0.76	0.74	0.53
Other Stockholder Equity	0.12	0.17	0.45	0.17	0.06	0.13	0.17	-0.16	0.22	-0.11	0.13	-0.05	-0.11	0.22	0.35	0.19	0.11	0.24		0.19	0.07	-0.46	-0.07	0.35	0.32	0.15
Total Liab	0.95	0.96	0.91	0.97	0.85	0.97	0.42	0.38	0.27	0.23	0.98	0.27	0.23	0.96	0.76	0.99	0.75	0.87	0.19		0.73	-0.13	-0.18	0.9	0.92	0.84
Total Current Assets	0.9	0.74	0.72	0.66	0.96	0.85	-0.3	0.87	0.49	0.81	0.83	0.1	0.81	0.77	0.76	0.74	0.51	0.6	0.07	0.73		0.2	0.23	0.79	0.8	0.77
Short Term Debt	-0.01	-0.18	-0.24	-0.16	0.07	-0.03	-0.37	0.3	0.45	0.37	-0.08	-0.21	0.37	-0.04	-0.21	-0.1	-0.13	-0.22	-0.46	-0.13	0.2		0.27	-0.23	-0.2	-0.05
Short Term Investments	-0.01	-0.17	-0.21	-0.16	0.12	-0.05	-0.51	0.44	0.36	0.41	-0.09	-0.35	0.41	-0.1	-0.05	-0.19	-0.28	-0.21	-0.07	-0.18	0.23	0.27		-0.09	-0.11	-0.09
Common Stock	0.89	0.86	0.85	0.89	0.83	0.88	0.17	0.47	0.32	0.4	0.89	0.3	0.4	0.85	0.93	0.87	0.74	0.76	0.35	0.9	0.79	-0.23	-0.09		0.99	0.8
Common Stock Total Equity	0.92	0.9	0.86	0.89	0.85	0.91	0.18	0.47	0.24	0.42	0.92	0.22	0.42	0.86	0.95	0.91	0.78	0.74	0.32	0.92	0.8	-0.2	-0.11	0.99		0.88
Property Plant And Equipment Gross	0.87	0.88	0.77	0.74	0.83	0.87	0.1	0.48	0.0	0.5	0.86	-0.09	0.5	0.73	0.85	0.87	0.75	0.53	0.15	0.84	0.77	-0.05	-0.09	0.8	0.88

Click cells to compare fundamentals

Vaalco Energy Account Relationship Matchups

Vaalco Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	211.5M	141.2M	263.1M	855.6M	823.2M	864.4M
Other Current Liab	350K	7K	13K	92.1M	73.6M	77.3M
Total Current Liabilities	63.8M	52.6M	84.3M	162.1M	127.5M	133.8M
Total Stockholder Equity	109.7M	61.5M	144.3M	466.1M	478.8M	502.7M
Property Plant And Equipment Net	101.6M	59.6M	104.6M	588.7M	552.1M	579.7M
Net Debt	(12.6M)	(25.3M)	(38.4M)	51.9M	(30.3M)	(31.8M)
Retained Earnings	70.8M	22.7M	104.5M	147.0M	177.5M	186.4M
Accounts Payable	15.9M	16.7M	18.8M	59.9M	22.2M	20.5M
Cash	45.9M	47.9M	48.7M	37.2M	121.1M	127.2M
Non Current Assets Total	141.8M	77.3M	174.8M	655.5M	595.1M	624.8M
Non Currrent Assets Other	16.0M	12.5M	30.3M	31.4M	7.7M	9.1M
Cash And Short Term Investments	45.9M	47.9M	48.7M	37.2M	121.1M	127.2M
Net Receivables	18.6M	7.9M	32.8M	139.3M	92.6M	97.3M
Common Stock Shares Outstanding	59.1M	57.6M	58.8M	70.0M	106.6M	111.9M
Liabilities And Stockholders Equity	211.5M	141.2M	263.1M	855.6M	823.2M	864.4M
Non Current Liabilities Total	38.1M	27.2M	34.5M	227.4M	217.0M	227.8M
Inventory	1.1M	3.9M	1.6M	3.3M	4.6M	4.8M
Other Current Assets	3.3M	4.2M	5.2M	20.1M	9.8M	10.3M
Other Stockholder Equity	32.1M	32.0M	32.9M	306.0M	286.3M	300.6M
Total Liab	101.8M	79.8M	118.8M	389.5M	344.4M	361.7M
Total Current Assets	69.8M	64.0M	88.3M	200.1M	228.1M	239.5M
Short Term Debt	12.0M	12.9M	9.6M	10.1M	12.5M	9.0M
Common Stock	6.8M	6.8M	7.0M	11.9M	12.1M	12.7M
Common Stock Total Equity	6.8M	6.8M	7.0M	11.9M	13.7M	14.4M
Property Plant And Equipment Gross	101.6M	59.6M	104.6M	495.3M	1.7B	1.7B
Accumulated Other Comprehensive Income	(390.6M)	(396.7M)	0.0	1.2M	2.9M	3.0M
Other Liab	15.4M	16.7M	17.5M	33.9M	39.0M	41.0M
Other Assets	40.1M	77.3M	70.3M	59.6M	68.6M	72.0M
Treasury Stock	(41.4M)	(42.4M)	(43.8M)	(47.7M)	(42.9M)	(40.7M)
Property Plant Equipment	68.3M	37.0M	94.3M	495.3M	569.6M	598.0M
Net Tangible Assets	109.7M	61.5M	144.3M	466.1M	536.0M	562.8M
Retained Earnings Total Equity	70.8M	22.7M	104.5M	147.0M	132.3M	71.1M
Capital Surpluse	73.5M	74.4M	76.7M	353.6M	406.6M	427.0M
Long Term Investments	2.2M	3.7M	4.3M	5.5M	5.0M	3.9M
Non Current Liabilities Other	38.1M	27.2M	34.5M	146.2M	17.7M	34.6M

Pair Trading with Vaalco Energy

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

Moving together with Vaalco Stock

0.81	AR	Antero Resources Corp	Pair Corr
0.89	PR	Permian Resources Financial Report 13th of May 2024	Pair Corr
0.94	SD	SandRidge Energy	Pair Corr
0.89	SM	SM Energy	Pair Corr

Moving against Vaalco Stock

0.67

Empire Petroleum Corp

Pair Corr

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

The correlation of Vaalco Energy 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 Vaalco Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vaalco Energy 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 Vaalco Energy 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 Vaalco Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Vaalco Energy'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 Vaalco Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Vaalco Energy Stock:

How To Invest In Vaalco

Details

Is Vaalco Stock a good investment?

Details

What is Vaalco Energy's Net Worth?

Details

Largest Oil & Gas E&P Companies

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Largest Energy Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Vaalco Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

For more information on how to buy Vaalco Stock please use our How to Invest in Vaalco Energy guide.

Note that the Vaalco Energy information on this page should be used as a complementary analysis to other Vaalco Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

Complementary Tools for Vaalco Stock analysis

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

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Is Vaalco Energy'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 Vaalco Energy. If investors know Vaalco 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 Vaalco Energy 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

1.386

Dividend Share

0.25

Earnings Share

0.56

Revenue Per Share

4.278

Quarterly Revenue Growth

0.544

The market value of Vaalco Energy is measured differently than its book value, which is the value of Vaalco that is recorded on the company's balance sheet. Investors also form their own opinion of Vaalco Energy's value that differs from its market value or its book value, called intrinsic value, which is Vaalco Energy'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 Vaalco Energy's market value can be influenced by many factors that don't directly affect Vaalco Energy'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 Vaalco Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vaalco Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vaalco Energy'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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Vaalco Net Income vs Income Tax Expense Analysis

Net Income vs Income Tax Expense

Net Income vs Income Tax Expense Correlation Analysis

Correlation Coefficient

Net Income

Income Tax Expense

Vaalco Energy fundamental ratios Correlations

Vaalco Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Vaalco Energy fundamental ratios Accounts

Pair Trading with Vaalco Energy

Moving together with Vaalco Stock

Moving against Vaalco Stock

Complementary Tools for Vaalco Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Non Current Liabilities Total
Common Stock Total Equity	+ 0.99	Common Stock

Cash And Short Term Investments	- 0.78	Net Debt
Cash	- 0.78	Net Debt
Retained Earnings	- 0.59	Net Debt
Short Term Investments	- 0.51	Net Debt
Short Term Debt	- 0.46	Other Stockholder Equity
Short Term Debt	- 0.37	Net Debt