Werner Income Before Tax vs Tax Provision Analysis
WERN Stock | USD 35.70 0.53 1.51% |
Werner Enterprises financial indicator trend analysis is more than just analyzing Werner Enterprises current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Werner Enterprises is a good investment. Please check the relationship between Werner Enterprises Income Before Tax and its Tax Provision accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Werner Enterprises. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Werner Stock, please use our How to Invest in Werner Enterprises guide.
Income Before Tax vs Tax Provision
Income Before Tax vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Werner Enterprises Income Before Tax account and Tax Provision. At this time, the significance of the direction appears to have very week relationship.
The correlation between Werner Enterprises' Income Before Tax and Tax Provision is 0.2. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Werner Enterprises, assuming nothing else is changed. The correlation between historical values of Werner Enterprises' Income Before Tax and Tax Provision 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 Werner Enterprises are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Income Before Tax i.e., Werner Enterprises' Income Before Tax and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.2 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Werner Enterprises income statement and is an important metric when analyzing Werner Enterprises 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.Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Most indicators from Werner Enterprises' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Werner Enterprises 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 Werner Enterprises. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Werner Stock, please use our How to Invest in Werner Enterprises guide.At this time, Werner Enterprises' Tax Provision is very stable compared to the past year. As of the 2nd of May 2024, Enterprise Value is likely to grow to about 2.1 B, while Selling General Administrative is likely to drop about 149.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 4.4M | 11.8M | 33.5M | 49.7M | Depreciation And Amortization | 267.7M | 279.9M | 299.5M | 314.5M |
Werner Enterprises fundamental ratios Correlations
Click cells to compare fundamentals
Werner Enterprises Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Werner Enterprises fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.1B | 2.2B | 2.6B | 3.1B | 3.2B | 3.3B | |
Short Long Term Debt Total | 300M | 200M | 427.5M | 693.8M | 648.8M | 681.2M | |
Other Current Liab | 31.0M | 28.2M | 25.0M | (134.5M) | 192.1M | 201.7M | |
Total Current Liabilities | 308.8M | 274.0M | 269.6M | 309.5M | 330.6M | 347.1M | |
Total Stockholder Equity | 1.1B | 1.2B | 1.3B | 1.4B | 1.5B | 1.6B | |
Property Plant And Equipment Net | 1.5B | 1.5B | 1.6B | 1.8B | 2.0B | 2.1B | |
Net Debt | 273.6M | 170.7M | 373.3M | 586.5M | 587.0M | 616.4M | |
Retained Earnings | 1.3B | 1.4B | 1.7B | 1.9B | 2.0B | 2.1B | |
Cash | 26.4M | 29.3M | 54.2M | 107.2M | 61.7M | 31.6M | |
Non Current Assets Total | 1.7B | 1.7B | 2.0B | 2.3B | 2.5B | 2.6B | |
Non Currrent Assets Other | (98.4M) | (81.4M) | 229.3M | (146.7M) | 248.3M | 260.7M | |
Cash And Short Term Investments | 26.4M | 29.3M | 54.2M | 107.2M | 61.7M | 31.6M | |
Net Receivables | 375.1M | 364.6M | 485.0M | 548.7M | 470.4M | 493.9M | |
Common Stock Shares Outstanding | 70.0M | 69.4M | 67.9M | 64.6M | 63.7M | 58.7M | |
Liabilities And Stockholders Equity | 2.1B | 2.2B | 2.6B | 3.1B | 3.2B | 3.3B | |
Non Current Liabilities Total | 724.0M | 687.6M | 956.8M | 1.3B | 1.3B | 1.3B | |
Other Current Assets | 38.8M | 33.7M | 49.6M | 74.5M | 84.4M | 88.6M | |
Other Stockholder Equity | (169.7M) | (221.8M) | (319.8M) | (421.8M) | (416.2M) | (395.4M) | |
Total Liab | 1.0B | 961.6M | 1.2B | 1.6B | 1.6B | 1.7B | |
Property Plant And Equipment Gross | 1.5B | 2.4B | 1.6B | 2.9B | 3.0B | 3.1B | |
Total Current Assets | 466.3M | 456.9M | 617.4M | 762.6M | 634.6M | 666.4M | |
Accumulated Other Comprehensive Income | (14.7M) | (22.8M) | (20.6M) | (11.3M) | (9.7M) | (10.2M) | |
Accounts Payable | 94.6M | 83.3M | 94.0M | 124.5M | 136.0M | 142.8M | |
Inventory | 9.2M | 12.1M | 11.1M | 14.5M | 18.1M | 14.6M | |
Current Deferred Revenue | 108.2M | 137.5M | 145.7M | 313.3M | 360.3M | 378.3M | |
Other Liab | 490.9M | 512.6M | 534.3M | 585.0M | 672.8M | 706.4M | |
Other Assets | 139.9M | 156.5M | 229.3M | 253.5M | 291.5M | 306.1M | |
Long Term Debt | 225M | 175M | 422.5M | 687.5M | 646.3M | 678.6M | |
Treasury Stock | (241.2M) | (282.3M) | (337.9M) | (441.7M) | (397.5M) | (377.6M) | |
Property Plant Equipment | 1.5B | 1.5B | 1.6B | 1.9B | 2.1B | 1.2B | |
Net Tangible Assets | 1.1B | 1.2B | 1.2B | 1.2B | 1.4B | 1.1B | |
Retained Earnings Total Equity | 1.4B | 1.3B | 1.4B | 1.7B | 1.9B | 1.1B | |
Capital Surpluse | 107.5M | 112.6M | 116.0M | 121.9M | 140.2M | 114.4M | |
Deferred Long Term Liab | 195.2M | 233.5M | 249.7M | 237.9M | 273.6M | 234.4M | |
Non Current Liabilities Other | 249.3M | 274.8M | 43.3M | 59.7M | 54.3M | 51.6M | |
Accumulated Depreciation | (767.5M) | (760.0M) | (817.3M) | (862.1M) | (775.9M) | (814.7M) |
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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Werner Enterprises. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Werner Stock, please use our How to Invest in Werner Enterprises guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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When running Werner Enterprises' price analysis, check to measure Werner Enterprises' 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 Werner Enterprises is operating at the current time. Most of Werner Enterprises' value examination focuses on studying past and present price action to predict the probability of Werner Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Werner Enterprises' price. Additionally, you may evaluate how the addition of Werner Enterprises to your portfolios can decrease your overall portfolio volatility.
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Is Werner Enterprises' 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 Werner Enterprises. If investors know Werner 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 Werner Enterprises 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 (0.82) | Dividend Share 0.42 | Earnings Share 1.76 | Revenue Per Share 50.801 | Quarterly Revenue Growth (0.08) |
The market value of Werner Enterprises is measured differently than its book value, which is the value of Werner that is recorded on the company's balance sheet. Investors also form their own opinion of Werner Enterprises' value that differs from its market value or its book value, called intrinsic value, which is Werner Enterprises' 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 Werner Enterprises' market value can be influenced by many factors that don't directly affect Werner Enterprises' 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 Werner Enterprises' value and its price as these two are different measures arrived at by different means. Investors typically determine if Werner Enterprises is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Werner Enterprises' 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.