Aecom Income Tax Expense vs Tax Provision Analysis

ACM Stock

USD 94.23 1.32 1.42%

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

To learn how to invest in Aecom Stock, please use our How to Invest in Aecom Technology guide.

Income Tax Expense vs Tax Provision

Income Tax Expense vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aecom Technology Income Tax Expense account and Tax Provision. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Aecom Technology's Income Tax Expense and Tax Provision is 0.47. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Aecom Technology, assuming nothing else is changed. The correlation between historical values of Aecom Technology's Income Tax Expense 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 Tax Expense of Aecom Technology 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 Tax Expense i.e., Aecom Technology's Income Tax Expense and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.47

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Income Tax Expense

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

To learn how to invest in Aecom Stock, please use our How to Invest in Aecom Technology guide.At this time, Aecom Technology's Tax Provision is very stable compared to the past year. As of the 3rd of May 2024, Enterprise Value Over EBITDA is likely to grow to 21.90, while Discontinued Operations is likely to drop (70.9 M).

	2021	2022	2023	2024 (projected)
Gross Profit	848.0M	945.5M	850.9M	553.4M
Total Revenue	13.1B	14.4B	16.5B	10.4B

Gross Profit Total Revenue

Aecom Technology fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Assets	Non Current Liabilities Total	Other Stockholder Equity	Other Current Liab	Total Current Liabilities	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Net Receivables	Good Will	Short Term Investments	Other Current Assets	Property Plant And Equipment Gross
Total Assets		0.93	0.83	0.45	0.45	0.94	0.99	0.92	0.91	0.54	0.88	0.82	0.31	0.88	0.55	0.62	0.6	0.9	0.95	-0.16	0.89	0.96	0.94	0.63	-0.19	0.26
Total Stockholder Equity	0.93		0.78	0.4	0.4	0.86	0.88	0.9	0.84	0.38	0.88	0.73	0.15	0.76	0.62	0.5	0.69	0.79	0.88	-0.19	0.84	0.92	0.9	0.57	-0.32	0.14
Net Debt	0.83	0.78		0.12	0.12	0.77	0.82	0.7	0.95	0.32	0.95	0.62	0.16	0.65	0.35	0.41	0.53	0.65	0.93	-0.52	0.99	0.82	0.96	0.67	-0.25	0.13
Cash	0.45	0.4	0.12		1.0	0.63	0.46	0.68	0.39	-0.1	0.29	0.75	0.76	0.72	0.2	0.81	0.08	0.67	0.43	0.17	0.24	0.53	0.28	-0.19	0.38	0.73
Cash And Short Term Investments	0.45	0.4	0.12	1.0		0.63	0.46	0.68	0.39	-0.1	0.29	0.75	0.76	0.72	0.2	0.81	0.08	0.67	0.43	0.17	0.24	0.53	0.28	-0.19	0.38	0.73
Common Stock Shares Outstanding	0.94	0.86	0.77	0.63	0.63		0.94	0.97	0.92	0.29	0.85	0.93	0.43	0.96	0.5	0.8	0.55	0.94	0.94	-0.13	0.84	0.95	0.87	0.39	-0.07	0.39
Total Liab	0.99	0.88	0.82	0.46	0.46	0.94		0.9	0.91	0.57	0.86	0.83	0.35	0.89	0.52	0.64	0.55	0.9	0.95	-0.14	0.88	0.95	0.93	0.63	-0.15	0.3
Total Current Assets	0.92	0.9	0.7	0.68	0.68	0.97	0.9		0.87	0.22	0.83	0.93	0.39	0.96	0.5	0.79	0.59	0.95	0.9	-0.13	0.79	0.96	0.84	0.35	-0.14	0.35
Short Long Term Debt Total	0.91	0.84	0.95	0.39	0.39	0.92	0.91	0.87		0.26	0.96	0.82	0.32	0.84	0.39	0.65	0.55	0.82	0.99	-0.42	0.98	0.92	0.96	0.56	-0.17	0.28
Other Assets	0.54	0.38	0.32	-0.1	-0.1	0.29	0.57	0.22	0.26		0.26	0.12	0.01	0.22	0.35	-0.05	0.19	0.31	0.34	0.16	0.33	0.34	0.43	0.74	-0.09	0.0
Non Current Liabilities Total	0.88	0.88	0.95	0.29	0.29	0.85	0.86	0.83	0.96	0.26		0.69	0.14	0.73	0.45	0.54	0.7	0.73	0.94	-0.46	0.96	0.88	0.96	0.61	-0.36	0.12
Other Stockholder Equity	0.82	0.73	0.62	0.75	0.75	0.93	0.83	0.93	0.82	0.12	0.69		0.58	0.97	0.35	0.9	0.37	0.91	0.84	-0.06	0.7	0.87	0.72	0.19	0.08	0.49
Other Current Liab	0.31	0.15	0.16	0.76	0.76	0.43	0.35	0.39	0.32	0.01	0.14	0.58		0.56	-0.01	0.54	-0.44	0.49	0.37	0.11	0.24	0.38	0.24	-0.13	0.75	0.94
Total Current Liabilities	0.88	0.76	0.65	0.72	0.72	0.96	0.89	0.96	0.84	0.22	0.73	0.97	0.56		0.43	0.85	0.42	0.98	0.88	-0.03	0.75	0.92	0.78	0.25	0.04	0.48
Other Liab	0.55	0.62	0.35	0.2	0.2	0.5	0.52	0.5	0.39	0.35	0.45	0.35	-0.01	0.43		0.16	0.52	0.46	0.47	0.5	0.38	0.51	0.52	0.08	-0.29	-0.02
Property Plant And Equipment Net	0.62	0.5	0.41	0.81	0.81	0.8	0.64	0.79	0.65	-0.05	0.54	0.9	0.54	0.85	0.16		0.34	0.75	0.64	-0.06	0.48	0.64	0.48	0.03	0.09	0.46
Current Deferred Revenue	0.6	0.69	0.53	0.08	0.08	0.55	0.55	0.59	0.55	0.19	0.7	0.37	-0.44	0.42	0.52	0.34		0.46	0.53	-0.18	0.54	0.56	0.58	0.41	-0.78	-0.44
Accounts Payable	0.9	0.79	0.65	0.67	0.67	0.94	0.9	0.95	0.82	0.31	0.73	0.91	0.49	0.98	0.46	0.75	0.46		0.87	-0.01	0.75	0.95	0.8	0.3	-0.02	0.42
Non Current Assets Total	0.95	0.88	0.93	0.43	0.43	0.94	0.95	0.9	0.99	0.34	0.94	0.84	0.37	0.88	0.47	0.64	0.53	0.87		-0.31	0.97	0.96	0.98	0.55	-0.13	0.33
Non Currrent Assets Other	-0.16	-0.19	-0.52	0.17	0.17	-0.13	-0.14	-0.13	-0.42	0.16	-0.46	-0.06	0.11	-0.03	0.5	-0.06	-0.18	-0.01	-0.31		-0.48	-0.2	-0.33	-0.51	0.17	0.03
Long Term Debt	0.89	0.84	0.99	0.24	0.24	0.84	0.88	0.79	0.98	0.33	0.96	0.7	0.24	0.75	0.38	0.48	0.54	0.75	0.97	-0.48		0.89	0.98	0.65	-0.21	0.22
Net Receivables	0.96	0.92	0.82	0.53	0.53	0.95	0.95	0.96	0.92	0.34	0.88	0.87	0.38	0.92	0.51	0.64	0.56	0.95	0.96	-0.2	0.89		0.93	0.48	-0.12	0.34
Good Will	0.94	0.9	0.96	0.28	0.28	0.87	0.93	0.84	0.96	0.43	0.96	0.72	0.24	0.78	0.52	0.48	0.58	0.8	0.98	-0.33	0.98	0.93		0.65	-0.23	0.21
Short Term Investments	0.63	0.57	0.67	-0.19	-0.19	0.39	0.63	0.35	0.56	0.74	0.61	0.19	-0.13	0.25	0.08	0.03	0.41	0.3	0.55	-0.51	0.65	0.48	0.65		-0.31	-0.1
Other Current Assets	-0.19	-0.32	-0.25	0.38	0.38	-0.07	-0.15	-0.14	-0.17	-0.09	-0.36	0.08	0.75	0.04	-0.29	0.09	-0.78	-0.02	-0.13	0.17	-0.21	-0.12	-0.23	-0.31		0.81
Property Plant And Equipment Gross	0.26	0.14	0.13	0.73	0.73	0.39	0.3	0.35	0.28	0.0	0.12	0.49	0.94	0.48	-0.02	0.46	-0.44	0.42	0.33	0.03	0.22	0.34	0.21	-0.1	0.81

Click cells to compare fundamentals

Aecom Technology Account Relationship Matchups

Aecom Technology fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.1B	11.9B	11.3B	11.2B	12.9B	9.0B
Total Stockholder Equity	3.3B	2.7B	2.5B	2.2B	2.5B	2.3B
Net Debt	1.1B	1.7B	1.6B	1.5B	1.7B	1.2B
Cash	1.7B	1.2B	1.2B	1.3B	1.4B	1.5B
Cash And Short Term Investments	1.7B	1.2B	1.2B	1.3B	1.4B	1.5B
Common Stock Shares Outstanding	159.0M	149.7M	142.7M	140.1M	161.1M	124.8M
Liabilities And Stockholders Equity	13.1B	11.9B	11.3B	11.2B	12.9B	9.0B
Total Liab	9.7B	9.0B	8.7B	9.0B	10.4B	6.6B
Total Current Assets	7.5B	6.2B	5.8B	5.6B	6.5B	4.3B
Short Long Term Debt Total	2.8B	2.9B	2.8B	2.8B	3.2B	2.1B
Other Assets	121.0M	117.1M	128.7M	620.8M	713.9M	665.1M
Non Current Liabilities Total	3.5B	3.4B	3.1B	2.2B	2.5B	2.6B
Other Stockholder Equity	4.0B	4.1B	4.2B	4.2B	4.9B	2.6B
Other Current Liab	1.6B	1.1B	2.3B	3.5B	4.1B	4.3B
Total Current Liabilities	6.1B	5.5B	5.4B	5.9B	6.7B	3.9B
Other Liab	708.5M	545.9M	377.8M	337.2M	387.8M	506.6M
Property Plant And Equipment Net	1.0B	1.0B	968.0M	829.7M	954.1M	531.3M
Current Deferred Revenue	2.1B	2.3B	1.1B	48.2M	55.4M	52.6M
Accounts Payable	2.4B	2.1B	2.0B	2.2B	2.5B	1.5B
Non Current Assets Total	5.5B	5.6B	5.3B	5.6B	6.4B	4.5B
Non Currrent Assets Other	287.0M	307.9M	293.0M	739.2M	665.3M	698.6M
Long Term Debt	2.0B	2.2B	2.2B	2.2B	2.5B	1.9B
Net Receivables	4.4B	4.1B	3.8B	4.1B	4.7B	3.5B
Good Will	3.5B	3.5B	3.4B	3.4B	3.9B	3.2B
Other Current Assets	(12K)	(9K)	12K	319.2M	287.3M	301.7M
Property Plant And Equipment Gross	1.0B	398.9M	428.2M	1.6B	1.8B	1.9B
Accumulated Other Comprehensive Income	(918.7M)	(900.4M)	(979.7M)	(926.6M)	(833.9M)	(792.2M)
Short Term Debt	20.9M	53.8M	48.6M	89.5M	102.9M	92.2M
Intangible Assets	76.9M	54.9M	35.6M	17.8M	20.4M	19.4M
Property Plant Equipment	381.7M	398.9M	968.0M	829.7M	954.1M	1.0B
Retained Earnings	174.2M	(504.1M)	(701.7M)	(1.1B)	(993.6M)	(943.9M)
Inventory	1.4B	878.5M	838.4M	(17.2M)	(19.8M)	(18.8M)
Noncontrolling Interest In Consolidated Entity	208.8M	121.0M	117.1M	128.7M	148.0M	133.9M
Retained Earnings Total Equity	599.5M	174.2M	(504.1M)	(701.7M)	(631.5M)	(599.9M)
Net Tangible Assets	3.3B	2.7B	(1.0B)	(1.2B)	(1.4B)	(1.5B)
Long Term Debt Total	3.3B	2.0B	2.2B	2.2B	2.5B	2.8B

Aecom Technology Investors Sentiment

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

Aecom Technology'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 Aecom Technology'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 Aecom Technology's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Aecom Technology.

Aecom Technology Implied Volatility

29.62

Aecom Technology's implied volatility exposes the market's sentiment of Aecom Technology stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Aecom Technology's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Aecom Technology stock will not fluctuate a lot when Aecom Technology's options are near their expiration.

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 Aecom Technology 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, Aecom Technology's short interest history, or implied volatility extrapolated from Aecom Technology options trading.

Pair Trading with Aecom Technology

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

Moving together with Aecom Stock

0.79

Dycom Industries Financial Report 22nd of May 2024

Pair Corr

Moving against Aecom Stock

0.63	VATE	Innovate Corp	Pair Corr
0.56	WLGS	Wang Lee Group Report 20th of May 2024	Pair Corr

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

The correlation of Aecom Technology 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 Aecom Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aecom Technology 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 Aecom Technology 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 Aecom Technology is a strong investment it is important to analyze Aecom Technology'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 Aecom Technology's future performance. For an informed investment choice regarding Aecom Stock, refer to the following important reports:

How To Invest In Aecom

Details

Is Aecom Stock a good investment?

Details

What is Aecom Technology's Net Worth?

Details

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

To learn how to invest in Aecom Stock, please use our How to Invest in Aecom Technology guide.

Note that the Aecom Technology information on this page should be used as a complementary analysis to other Aecom Technology'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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Complementary Tools for Aecom Stock analysis

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

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Is Aecom Technology'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 Aecom Technology. If investors know Aecom 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 Aecom Technology 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

0.112

Dividend Share

0.76

Earnings Share

0.9

Revenue Per Share

108.008

Quarterly Revenue Growth

0.153

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

Income Tax Expense vs Tax Provision

Income Tax Expense vs Tax Provision Correlation Analysis

Correlation Coefficient

Income Tax Expense

Tax Provision

Aecom Technology fundamental ratios Correlations

Aecom Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Aecom Technology fundamental ratios Accounts

Aecom Technology Investors Sentiment

Aecom Technology Implied Volatility

Pair Trading with Aecom Technology

Moving together with Aecom Stock

Moving against Aecom Stock

Complementary Tools for Aecom Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Total Assets
Long Term Debt	+ 0.99	Net Debt
Non Current Assets Total	+ 0.99	Short Long Term Debt Total
Long Term Debt	+ 0.98	Short Long Term Debt Total
Accounts Payable	+ 0.98	Total Current Liabilities

Other Current Assets	- 0.78	Current Deferred Revenue
Non Currrent Assets Other	- 0.52	Net Debt
Short Term Investments	- 0.51	Non Currrent Assets Other
Long Term Debt	- 0.48	Non Currrent Assets Other
Non Currrent Assets Other	- 0.46	Non Current Liabilities Total
Property Plant And Equipment Gross	- 0.44	Current Deferred Revenue