Watsco Ebit vs Net Income Analysis

WSO Stock

USD 443.21 0.79 0.18%

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

Ebit vs Net Income

Ebit vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Watsco Inc Ebit account and Net Income. At this time, the significance of the direction appears to have totally related.

The correlation between Watsco's Ebit and Net Income is 0.99. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Net Income in the same time period over historical financial statements of Watsco Inc, assuming nothing else is changed. The correlation between historical values of Watsco's Ebit and Net 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 Ebit of Watsco Inc are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Ebit i.e., Watsco's Ebit and Net Income go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Ebit

Net Income

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

Most indicators from Watsco's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Watsco Inc 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 Watsco Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

At this time, Watsco's Selling General Administrative is very stable compared to the past year. As of the 27th of April 2024, Sales General And Administrative To Revenue is likely to grow to 0.20, while Tax Provision is likely to drop about 109.6 M.

	2021	2022	2023	2024 (projected)
Interest Expense	996K	2.2M	4.9M	5.4M
Depreciation And Amortization	28.1M	31.7M	35.1M	36.8M

Interest Expense Depreciation And Amortization

Watsco 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		0.79	0.84	0.95	0.99	0.92	0.45	0.96	0.9	0.99	-0.28	0.9	0.99	0.5	0.72	0.99	0.94	0.97	0.96	1.0	0.83	0.55	0.96	0.82	0.75	0.76
Short Long Term Debt Total	0.79		0.63	0.72	0.68	0.72	0.88	0.67	0.64	0.8	-0.42	0.64	0.78	0.36	0.97	0.77	0.77	0.67	0.9	0.77	0.65	0.66	0.74	0.66	0.62	0.6
Other Current Liab	0.84	0.63		0.9	0.83	0.87	0.31	0.84	0.81	0.8	-0.4	0.81	0.81	0.15	0.49	0.85	0.77	0.78	0.83	0.85	0.87	0.22	0.89	0.73	0.48	0.43
Total Current Liabilities	0.95	0.72	0.9		0.93	0.92	0.38	0.92	0.86	0.93	-0.46	0.86	0.94	0.41	0.59	0.96	0.88	0.91	0.94	0.96	0.91	0.46	1.0	0.75	0.64	0.68
Total Stockholder Equity	0.99	0.68	0.83	0.93		0.92	0.3	0.98	0.92	0.97	-0.19	0.92	0.97	0.47	0.63	0.98	0.91	0.98	0.91	0.98	0.81	0.46	0.93	0.84	0.72	0.73
Property Plant And Equipment Net	0.92	0.72	0.87	0.92	0.92		0.35	0.91	0.92	0.93	-0.38	0.92	0.87	0.18	0.61	0.9	0.81	0.88	0.9	0.91	0.95	0.3	0.91	0.87	0.52	0.51
Net Debt	0.45	0.88	0.31	0.38	0.3	0.35		0.29	0.2	0.46	-0.42	0.2	0.46	0.32	0.89	0.45	0.49	0.3	0.63	0.43	0.33	0.64	0.41	0.31	0.48	0.45
Retained Earnings	0.96	0.67	0.84	0.92	0.98	0.91	0.29		0.9	0.94	-0.27	0.9	0.96	0.4	0.6	0.97	0.93	0.92	0.89	0.97	0.82	0.37	0.92	0.88	0.69	0.66
Cash	0.9	0.64	0.81	0.86	0.92	0.92	0.2	0.9		0.91	-0.2	1.0	0.86	0.21	0.56	0.86	0.81	0.89	0.83	0.89	0.81	0.34	0.87	0.86	0.51	0.51
Non Current Assets Total	0.99	0.8	0.8	0.93	0.97	0.93	0.46	0.94	0.91		-0.25	0.91	0.97	0.49	0.74	0.97	0.91	0.97	0.96	0.98	0.83	0.57	0.94	0.82	0.72	0.76
Non Currrent Assets Other	-0.28	-0.42	-0.4	-0.46	-0.19	-0.38	-0.42	-0.27	-0.2	-0.25		-0.2	-0.25	0.06	-0.25	-0.32	-0.34	-0.1	-0.42	-0.29	-0.62	-0.06	-0.45	-0.3	-0.06	-0.07
Cash And Short Term Investments	0.9	0.64	0.81	0.86	0.92	0.92	0.2	0.9	1.0	0.91	-0.2		0.86	0.21	0.56	0.86	0.81	0.89	0.83	0.89	0.81	0.34	0.87	0.86	0.51	0.51
Net Receivables	0.99	0.78	0.81	0.94	0.97	0.87	0.46	0.96	0.86	0.97	-0.25	0.86		0.58	0.73	0.99	0.96	0.95	0.95	0.99	0.77	0.59	0.95	0.77	0.79	0.81
Common Stock Shares Outstanding	0.5	0.36	0.15	0.41	0.47	0.18	0.32	0.4	0.21	0.49	0.06	0.21	0.58		0.42	0.51	0.53	0.54	0.46	0.51	0.12	0.81	0.44	0.07	0.8	0.93
Non Current Liabilities Total	0.72	0.97	0.49	0.59	0.63	0.61	0.89	0.6	0.56	0.74	-0.25	0.56	0.73	0.42		0.7	0.72	0.63	0.83	0.71	0.48	0.72	0.62	0.61	0.66	0.62
Inventory	0.99	0.77	0.85	0.96	0.98	0.9	0.45	0.97	0.86	0.97	-0.32	0.86	0.99	0.51	0.7		0.94	0.95	0.96	1.0	0.82	0.53	0.96	0.82	0.76	0.76
Other Current Assets	0.94	0.77	0.77	0.88	0.91	0.81	0.49	0.93	0.81	0.91	-0.34	0.81	0.96	0.53	0.72	0.94		0.85	0.91	0.95	0.74	0.53	0.9	0.77	0.76	0.74
Other Stockholder Equity	0.97	0.67	0.78	0.91	0.98	0.88	0.3	0.92	0.89	0.97	-0.1	0.89	0.95	0.54	0.63	0.95	0.85		0.89	0.96	0.77	0.54	0.91	0.75	0.71	0.79
Total Liab	0.96	0.9	0.83	0.94	0.91	0.9	0.63	0.89	0.83	0.96	-0.42	0.83	0.95	0.46	0.83	0.96	0.91	0.89		0.96	0.83	0.61	0.95	0.77	0.72	0.73
Total Current Assets	1.0	0.77	0.85	0.96	0.98	0.91	0.43	0.97	0.89	0.98	-0.29	0.89	0.99	0.51	0.71	1.0	0.95	0.96	0.96		0.82	0.54	0.96	0.82	0.75	0.76
Short Term Debt	0.83	0.65	0.87	0.91	0.81	0.95	0.33	0.82	0.81	0.83	-0.62	0.81	0.77	0.12	0.48	0.82	0.74	0.77	0.83	0.82		0.21	0.88	0.78	0.4	0.43
Intangible Assets	0.55	0.66	0.22	0.46	0.46	0.3	0.64	0.37	0.34	0.57	-0.06	0.34	0.59	0.81	0.72	0.53	0.53	0.54	0.61	0.54	0.21		0.5	0.2	0.78	0.83
Accounts Payable	0.96	0.74	0.89	1.0	0.93	0.91	0.41	0.92	0.87	0.94	-0.45	0.87	0.95	0.44	0.62	0.96	0.9	0.91	0.95	0.96	0.88	0.5		0.75	0.67	0.7
Property Plant And Equipment Gross	0.82	0.66	0.73	0.75	0.84	0.87	0.31	0.88	0.86	0.82	-0.3	0.86	0.77	0.07	0.61	0.82	0.77	0.75	0.77	0.82	0.78	0.2	0.75		0.52	0.36
Common Stock Total Equity	0.75	0.62	0.48	0.64	0.72	0.52	0.48	0.69	0.51	0.72	-0.06	0.51	0.79	0.8	0.66	0.76	0.76	0.71	0.72	0.75	0.4	0.78	0.67	0.52		0.86
Common Stock	0.76	0.6	0.43	0.68	0.73	0.51	0.45	0.66	0.51	0.76	-0.07	0.51	0.81	0.93	0.62	0.76	0.74	0.79	0.73	0.76	0.43	0.83	0.7	0.36	0.86

Click cells to compare fundamentals

Watsco Account Relationship Matchups

Watsco fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.6B	2.5B	3.1B	3.5B	3.8B	4.0B
Short Long Term Debt Total	310.0M	211.3M	360.5M	379.1M	404.8M	425.0M
Other Current Liab	69.4M	71.8M	278.0M	303.4M	242.4M	254.5M
Total Current Liabilities	461.7M	499.7M	726.7M	906.5M	712.0M	747.6M
Total Stockholder Equity	1.4B	1.5B	1.7B	1.9B	2.2B	2.3B
Property Plant And Equipment Net	321.9M	307.4M	379.5M	442.7M	505.0M	530.2M
Net Debt	235.5M	65.3M	242.3M	231.6M	194.7M	204.4M
Retained Earnings	632.5M	636.4M	760.8M	1.0B	1.2B	1.2B
Cash	74.5M	146.1M	118.3M	147.5M	210.1M	220.6M
Non Current Assets Total	1.0B	999.9M	1.1B	1.2B	1.4B	1.5B
Non Currrent Assets Other	9.5M	12.2M	9.2M	(173.9M)	8.2M	5.2M
Cash And Short Term Investments	74.5M	146.1M	118.3M	147.5M	210.1M	220.6M
Net Receivables	533.8M	535.3M	698.5M	747.1M	797.8M	837.7M
Common Stock Shares Outstanding	34.7M	35.2M	35.4M	35.7M	36.5M	27.7M
Liabilities And Stockholders Equity	2.6B	2.5B	3.1B	3.5B	3.8B	4.0B
Non Current Liabilities Total	379.7M	217.4M	361.7M	333.4M	451.5M	474.1M
Inventory	920.8M	793.9M	1.1B	1.4B	1.3B	1.4B
Other Current Assets	17.7M	21.8M	29.2M	34.0M	36.7M	38.5M
Other Stockholder Equity	820.4M	863.5M	916.5M	885.6M	1.1B	1.1B
Total Liab	841.4M	717.2M	1.1B	1.2B	1.2B	1.2B
Total Current Assets	1.5B	1.5B	2.0B	2.3B	2.4B	2.5B
Short Term Debt	69.4M	71.8M	84.5M	147.0M	100.3M	105.3M
Intangible Assets	172.0M	169.9M	186.9M	175.2M	218.1M	128.6M
Accounts Payable	239.7M	251.6M	364.2M	456.1M	369.4M	387.9M
Property Plant And Equipment Gross	321.9M	98.2M	111.0M	442.7M	726.3M	762.6M
Accumulated Other Comprehensive Income	(39.1M)	(34.9M)	(34.2M)	(47.7M)	(42.3M)	(40.2M)
Common Stock Total Equity	21.5M	18.9M	21.8M	21.8M	25.1M	20.5M
Common Stock	21.5M	21.7M	21.8M	21.8M	22.1M	20.8M
Other Liab	67.7M	77.9M	85.7M	89.9M	103.4M	108.5M
Other Assets	9.1M	6.2M	6.4M	8.0M	1.0	0.95
Long Term Debt	312.0M	144.3M	285.2M	243.5M	15.4M	14.6M
Good Will	411.2M	412.5M	434.0M	430.7M	457.1M	329.3M
Property Plant Equipment	98.5M	98.2M	111.0M	442.7M	509.1M	534.6M
Net Tangible Assets	852.2M	1.5B	1.7B	1.3B	1.5B	809.0M
Noncontrolling Interest In Consolidated Entity	279.3M	293.1M	332.5M	359.0M	412.9M	348.7M
Retained Earnings Total Equity	632.5M	636.4M	760.8M	1.0B	1.2B	629.3M

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When determining whether Watsco Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Watsco'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 Watsco Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Watsco Inc Stock:

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What is Watsco's Net Worth?

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Watsco Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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

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Is Watsco'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 Watsco. If investors know Watsco 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 Watsco 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

(0.41)

Dividend Share

9.8

Earnings Share

13.69

Revenue Per Share

200.07

Quarterly Revenue Growth

0.014

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

Ebit vs Net Income

Ebit vs Net Income Correlation Analysis

Correlation Coefficient

Ebit

Net Income

Watsco fundamental ratios Correlations

Watsco Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Watsco fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Inventory
Total Stockholder Equity	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets

Short Term Debt	- 0.62	Non Currrent Assets Other
Non Currrent Assets Other	- 0.46	Total Current Liabilities
Accounts Payable	- 0.45	Non Currrent Assets Other
Total Liab	- 0.42	Non Currrent Assets Other
Non Currrent Assets Other	- 0.42	Net Debt
Non Currrent Assets Other	- 0.42	Short Long Term Debt Total