Illinois Other Assets vs Current Deferred Revenue Analysis

ITW Stock

USD 248.28 0.12 0.05%

Illinois Tool financial indicator trend analysis is infinitely more than just investigating Illinois Tool Works recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Illinois Tool Works is a good investment. Please check the relationship between Illinois Tool Other Assets and its Current Deferred Revenue accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Illinois Tool Works. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

Other Assets vs Current Deferred Revenue

Other Assets vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Illinois Tool Works Other Assets account and Current Deferred Revenue. At this time, the significance of the direction appears to have no relationship.

The correlation between Illinois Tool's Other Assets and Current Deferred Revenue is 0.02. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Illinois Tool Works, assuming nothing else is changed. The correlation between historical values of Illinois Tool's Other Assets and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Assets of Illinois Tool Works are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Other Assets i.e., Illinois Tool's Other Assets and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.02

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Other Assets

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

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

At this time, Illinois Tool's Discontinued Operations is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 20.11 in 2024, whereas Tax Provision is likely to drop slightly above 691.5 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	6.0B	6.5B	6.8B	4.1B
Total Revenue	14.5B	15.9B	16.1B	10.8B

Gross Profit Total Revenue

Illinois Tool 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	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	Intangible Assets	Accounts Payable	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock
Total Assets		0.56	0.54	0.57	0.68	0.89	0.25	0.41	0.65	0.98	0.6	0.65	0.84	0.16	0.58	0.73	0.51	-0.13	0.76	0.97	0.34	0.73	0.91	0.05	0.74	0.74
Short Long Term Debt Total	0.56		0.78	0.58	-0.07	0.68	0.87	0.93	0.36	0.57	0.79	0.36	0.68	-0.6	0.78	0.5	-0.14	-0.83	0.82	0.52	0.32	-0.05	0.49	0.46	0.89	0.89
Other Current Liab	0.54	0.78		0.55	-0.12	0.58	0.63	0.72	0.36	0.51	0.73	0.36	0.66	-0.61	0.71	0.52	-0.38	-0.69	0.84	0.55	0.4	-0.06	0.42	0.38	0.77	0.77
Total Current Liabilities	0.57	0.58	0.55		0.37	0.6	0.51	0.6	0.2	0.52	0.4	0.2	0.58	-0.05	0.12	0.59	0.12	-0.41	0.45	0.61	0.91	0.2	0.65	0.56	0.65	0.65
Total Stockholder Equity	0.68	-0.07	-0.12	0.37		0.45	-0.34	-0.19	0.52	0.64	0.04	0.52	0.32	0.81	-0.15	0.35	0.74	0.51	0.04	0.7	0.31	0.92	0.68	-0.19	0.11	0.11
Property Plant And Equipment Net	0.89	0.68	0.58	0.6	0.45		0.55	0.65	0.32	0.94	0.63	0.32	0.97	-0.1	0.67	0.87	0.45	-0.43	0.81	0.78	0.27	0.45	0.92	0.35	0.85	0.85
Net Debt	0.25	0.87	0.63	0.51	-0.34	0.55		0.97	-0.15	0.32	0.67	-0.15	0.6	-0.75	0.63	0.52	-0.2	-0.97	0.64	0.14	0.22	-0.39	0.34	0.73	0.73	0.74
Retained Earnings	0.41	0.93	0.72	0.6	-0.19	0.65	0.97		0.02	0.46	0.77	0.02	0.68	-0.68	0.68	0.59	-0.15	-0.94	0.72	0.32	0.29	-0.25	0.46	0.72	0.81	0.81
Cash	0.65	0.36	0.36	0.2	0.52	0.32	-0.15	0.02		0.53	0.32	1.0	0.21	0.23	0.36	0.01	0.1	0.16	0.43	0.76	0.22	0.64	0.34	-0.45	0.39	0.39
Non Current Assets Total	0.98	0.57	0.51	0.52	0.64	0.94	0.32	0.46	0.53		0.62	0.53	0.89	0.12	0.63	0.8	0.57	-0.19	0.77	0.9	0.23	0.69	0.94	0.11	0.75	0.75
Non Currrent Assets Other	0.6	0.79	0.73	0.4	0.04	0.63	0.67	0.77	0.32	0.62		0.32	0.67	-0.47	0.78	0.58	0.0	-0.67	0.78	0.54	0.08	0.03	0.57	0.38	0.65	0.65
Cash And Short Term Investments	0.65	0.36	0.36	0.2	0.52	0.32	-0.15	0.02	1.0	0.53	0.32		0.21	0.23	0.36	0.01	0.1	0.16	0.43	0.76	0.22	0.64	0.34	-0.45	0.39	0.39
Net Receivables	0.84	0.68	0.66	0.58	0.32	0.97	0.6	0.68	0.21	0.89	0.67	0.21		-0.23	0.71	0.94	0.38	-0.5	0.86	0.72	0.25	0.35	0.88	0.43	0.85	0.84
Common Stock Shares Outstanding	0.16	-0.6	-0.61	-0.05	0.81	-0.1	-0.75	-0.68	0.23	0.12	-0.47	0.23	-0.23		-0.6	-0.12	0.64	0.87	-0.51	0.21	0.08	0.74	0.19	-0.45	-0.45	-0.45
Non Current Liabilities Total	0.58	0.78	0.71	0.12	-0.15	0.67	0.63	0.68	0.36	0.63	0.78	0.36	0.71	-0.6		0.51	-0.03	-0.64	0.92	0.49	-0.18	0.04	0.44	0.12	0.78	0.78
Inventory	0.73	0.5	0.52	0.59	0.35	0.87	0.52	0.59	0.01	0.8	0.58	0.01	0.94	-0.12	0.51		0.47	-0.41	0.68	0.6	0.27	0.32	0.86	0.56	0.67	0.66
Other Current Assets	0.51	-0.14	-0.38	0.12	0.74	0.45	-0.2	-0.15	0.1	0.57	0.0	0.1	0.38	0.64	-0.03	0.47		0.39	0.04	0.41	-0.05	0.71	0.62	-0.12	0.08	0.07
Other Stockholder Equity	-0.13	-0.83	-0.69	-0.41	0.51	-0.43	-0.97	-0.94	0.16	-0.19	-0.67	0.16	-0.5	0.87	-0.64	-0.41	0.39		-0.63	-0.05	-0.16	0.54	-0.18	-0.71	-0.67	-0.68
Total Liab	0.76	0.82	0.84	0.45	0.04	0.81	0.64	0.72	0.43	0.77	0.78	0.43	0.86	-0.51	0.92	0.68	0.04	-0.63		0.7	0.18	0.17	0.63	0.24	0.92	0.92
Total Current Assets	0.97	0.52	0.55	0.61	0.7	0.78	0.14	0.32	0.76	0.9	0.54	0.76	0.72	0.21	0.49	0.6	0.41	-0.05	0.7		0.45	0.74	0.83	-0.04	0.69	0.69
Short Term Debt	0.34	0.32	0.4	0.91	0.31	0.27	0.22	0.29	0.22	0.23	0.08	0.22	0.25	0.08	-0.18	0.27	-0.05	-0.16	0.18	0.45		0.15	0.36	0.36	0.39	0.39
Intangible Assets	0.73	-0.05	-0.06	0.2	0.92	0.45	-0.39	-0.25	0.64	0.69	0.03	0.64	0.35	0.74	0.04	0.32	0.71	0.54	0.17	0.74	0.15		0.63	-0.4	0.17	0.17
Accounts Payable	0.91	0.49	0.42	0.65	0.68	0.92	0.34	0.46	0.34	0.94	0.57	0.34	0.88	0.19	0.44	0.86	0.62	-0.18	0.63	0.83	0.36	0.63		0.29	0.65	0.65
Property Plant And Equipment Gross	0.05	0.46	0.38	0.56	-0.19	0.35	0.73	0.72	-0.45	0.11	0.38	-0.45	0.43	-0.45	0.12	0.56	-0.12	-0.71	0.24	-0.04	0.36	-0.4	0.29		0.38	0.38
Common Stock Total Equity	0.74	0.89	0.77	0.65	0.11	0.85	0.73	0.81	0.39	0.75	0.65	0.39	0.85	-0.45	0.78	0.67	0.08	-0.67	0.92	0.69	0.39	0.17	0.65	0.38		1.0
Common Stock	0.74	0.89	0.77	0.65	0.11	0.85	0.74	0.81	0.39	0.75	0.65	0.39	0.84	-0.45	0.78	0.66	0.07	-0.68	0.92	0.69	0.39	0.17	0.65	0.38	1.0

Click cells to compare fundamentals

Illinois Tool Account Relationship Matchups

Illinois Tool fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	15.1B	15.6B	16.1B	15.4B	15.5B	11.4B
Short Long Term Debt Total	7.8B	8.1B	7.7B	7.8B	8.4B	8.8B
Other Current Liab	1.5B	1.5B	1.7B	1.8B	1.8B	935.3M
Total Current Liabilities	2.2B	2.6B	3.5B	4.5B	4.7B	4.9B
Total Stockholder Equity	3.0B	3.2B	3.6B	3.1B	3.0B	5.1B
Property Plant And Equipment Net	1.7B	1.8B	1.8B	1.8B	2.2B	1.5B
Net Debt	5.8B	5.6B	6.2B	7.1B	7.3B	7.7B
Retained Earnings	22.4B	23.1B	24.3B	25.8B	27.1B	28.5B
Cash	2.0B	2.6B	1.5B	708M	1.1B	1.1B
Non Current Assets Total	8.8B	9.1B	9.7B	9.2B	9.3B	6.8B
Non Currrent Assets Other	1.2B	1.3B	1.4B	1.2B	771M	1.0B
Cash And Short Term Investments	2.0B	2.6B	1.5B	708M	1.1B	1.1B
Net Receivables	2.5B	2.5B	2.8B	3.2B	3.3B	1.9B
Common Stock Shares Outstanding	325.6M	318.3M	316.4M	310.7M	303.6M	371.6M
Liabilities And Stockholders Equity	15.1B	15.6B	16.1B	15.4B	15.5B	11.4B
Non Current Liabilities Total	9.9B	9.8B	9.0B	7.9B	7.8B	4.0B
Inventory	1.2B	1.2B	1.7B	2.1B	1.7B	1.1B
Other Current Assets	296M	264M	313M	329M	157M	300.6M
Other Stockholder Equity	(17.7B)	(18.3B)	(19.2B)	(20.9B)	(22.3B)	(21.2B)
Total Liab	12.0B	12.4B	12.5B	12.3B	12.5B	6.3B
Total Current Assets	6.3B	6.5B	6.4B	6.3B	6.2B	4.6B
Short Term Debt	4M	350M	778M	1.6B	1.9B	2.0B
Intangible Assets	851M	781M	972M	768M	657M	624.2M
Accounts Payable	472M	534M	585M	594M	581M	511.2M
Property Plant And Equipment Gross	1.9B	2.0B	5.9B	6.0B	6.3B	6.6B
Accumulated Other Comprehensive Income	(1.7B)	(1.6B)	(1.5B)	(1.8B)	(1.8B)	(1.7B)
Other Liab	2.0B	2.1B	2.1B	1.6B	1.8B	1.4B
Other Assets	1.5B	1.8B	2.0B	1.7B	1.9B	1.4B
Long Term Debt	7.8B	7.8B	6.9B	6.2B	6.3B	4.4B
Treasury Stock	(17.5B)	(19.0B)	(19.7B)	(20.6B)	(18.6B)	(17.6B)
Property Plant Equipment	1.7B	1.8B	1.8B	1.8B	1.7B	1.5B
Current Deferred Revenue	188M	222M	394M	427M	395M	369.1M
Good Will	4.5B	4.7B	5.0B	4.9B	4.9B	4.8B
Net Tangible Assets	(2.3B)	(2.3B)	(2.3B)	(2.5B)	(2.3B)	(2.2B)
Retained Earnings Total Equity	22.4B	23.1B	24.3B	25.8B	29.7B	18.7B
Long Term Debt Total	7.8B	7.8B	6.9B	6.2B	7.1B	6.4B

Illinois Tool Investors Sentiment

The influence of Illinois Tool's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Illinois. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Illinois Tool's public news can be used to forecast risks associated with an investment in Illinois. The trend in average sentiment can be used to explain how an investor holding Illinois can time the market purely based on public headlines and social activities around Illinois Tool Works. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Illinois Tool's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Illinois Tool's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Illinois Tool's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Illinois Tool.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Illinois Tool in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Illinois Tool's short interest history, or implied volatility extrapolated from Illinois Tool options trading.

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When determining whether Illinois Tool Works is a strong investment it is important to analyze Illinois Tool's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Illinois Tool's future performance. For an informed investment choice regarding Illinois Stock, refer to the following important reports:

How To Invest In Illinois

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Is Illinois Stock a good investment?

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What is Illinois Tool's Net Worth?

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Illinois Tool Works. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for Illinois Stock analysis

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

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Is Illinois Tool'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 Illinois Tool. If investors know Illinois 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 Illinois Tool 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

(0.19)

Dividend Share

5.42

Earnings Share

9.73

Revenue Per Share

53.229

Quarterly Revenue Growth

0.003

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

Other Assets vs Current Deferred Revenue

Other Assets vs Current Deferred Revenue Correlation Analysis

Correlation Coefficient

Other Assets

Current Deferred Revenue

Illinois Tool fundamental ratios Correlations

Illinois Tool Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Illinois Tool fundamental ratios Accounts

Illinois Tool Investors Sentiment

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Non Current Assets Total	+ 0.98	Total Assets
Total Current Assets	+ 0.97	Total Assets
Net Receivables	+ 0.97	Property Plant And Equipment Net
Retained Earnings	+ 0.97	Net Debt

Other Stockholder Equity	- 0.97	Net Debt
Other Stockholder Equity	- 0.94	Retained Earnings
Other Stockholder Equity	- 0.83	Short Long Term Debt Total
Common Stock Shares Outstanding	- 0.75	Net Debt
Property Plant And Equipment Gross	- 0.71	Other Stockholder Equity
Other Stockholder Equity	- 0.69	Other Current Liab