AudioCodes Operating Income vs Income Tax Expense Analysis

AUDC Stock  USD 13.04  0.02  0.15%   
AudioCodes financial indicator trend analysis is way more than just evaluating AudioCodes prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AudioCodes is a good investment. Please check the relationship between AudioCodes Operating Income and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AudioCodes. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
For information on how to trade AudioCodes Stock refer to our How to Trade AudioCodes Stock guide.

Operating Income vs Income Tax Expense

Operating Income vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AudioCodes Operating Income account and Income Tax Expense. At this time, the significance of the direction appears to have strong relationship.
The correlation between AudioCodes' Operating Income and Income Tax Expense is 0.68. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of AudioCodes, assuming nothing else is changed. The correlation between historical values of AudioCodes' Operating 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 Operating Income of AudioCodes 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 Operating Income i.e., AudioCodes' Operating Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.68
Relationship DirectionPositive 
Relationship StrengthSignificant

Operating Income

Operating Income is the amount of profit realized from AudioCodes operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of AudioCodes is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Income Tax Expense

Most indicators from AudioCodes' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AudioCodes 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 AudioCodes. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
For information on how to trade AudioCodes Stock refer to our How to Trade AudioCodes Stock guide.At present, AudioCodes' Enterprise Value Multiple is projected to decrease significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Interest Expense621K2.9M52K49.4K
Depreciation And Amortization2.4M3.0M2.6M3.5M

AudioCodes fundamental ratios Correlations

0.850.920.960.65-0.280.450.520.640.950.480.630.890.27-0.050.860.750.820.940.750.940.120.020.290.830.72
0.850.980.710.59-0.490.360.330.790.750.210.740.720.09-0.030.780.610.540.950.880.86-0.020.050.030.830.63
0.920.980.810.63-0.440.450.390.760.840.280.730.80.1-0.010.830.690.610.980.860.9-0.030.030.140.850.66
0.960.710.810.54-0.220.420.560.510.940.610.50.910.34-0.090.740.680.880.820.590.880.190.060.270.720.62
0.650.590.630.540.080.690.090.480.560.060.420.41-0.23-0.170.790.880.340.720.840.67-0.310.120.790.810.75
-0.28-0.49-0.44-0.220.08-0.080.11-0.75-0.220.06-0.69-0.250.070.11-0.090.13-0.06-0.33-0.28-0.310.10.040.44-0.290.03
0.450.360.450.420.69-0.08-0.10.270.410.130.270.37-0.63-0.070.350.64-0.030.430.550.43-0.710.220.590.480.38
0.520.330.390.560.090.11-0.10.140.550.430.280.70.740.360.440.410.690.420.110.430.7-0.510.040.330.47
0.640.790.760.510.48-0.750.270.140.51-0.050.940.480.04-0.110.660.40.370.750.720.71-0.03-0.090.030.710.48
0.950.750.840.940.56-0.220.410.550.510.610.470.920.34-0.140.780.680.820.860.610.780.17-0.110.290.750.66
0.480.210.280.610.060.060.130.43-0.050.61-0.080.610.4-0.20.220.260.590.270.040.290.29-0.120.050.270.35
0.630.740.730.50.42-0.690.270.280.940.47-0.080.520.090.240.660.470.370.740.610.730.03-0.240.050.710.55
0.890.720.80.910.41-0.250.370.70.480.920.610.520.410.10.670.610.790.780.50.760.28-0.210.140.650.62
0.270.090.10.34-0.230.07-0.630.740.040.340.40.090.410.150.230.010.720.15-0.180.170.97-0.47-0.20.10.22
-0.05-0.03-0.01-0.09-0.170.11-0.070.36-0.11-0.14-0.20.240.10.150.050.18-0.040.01-0.230.050.17-0.44-0.030.020.22
0.860.780.830.740.79-0.090.350.440.660.780.220.660.670.230.050.830.690.930.780.850.1-0.120.50.880.87
0.750.610.690.680.880.130.640.410.40.680.260.470.610.010.180.830.520.770.70.74-0.09-0.120.740.860.86
0.820.540.610.880.34-0.06-0.030.690.370.820.590.370.790.72-0.040.690.520.670.370.730.6-0.120.170.590.58
0.940.950.980.820.72-0.330.430.420.750.860.270.740.780.150.010.930.770.670.860.920.02-0.020.270.90.77
0.750.880.860.590.84-0.280.550.110.720.610.040.610.5-0.18-0.230.780.70.370.860.81-0.250.270.330.810.63
0.940.860.90.880.67-0.310.430.430.710.780.290.730.760.170.050.850.740.730.920.810.060.170.250.830.7
0.12-0.02-0.030.19-0.310.1-0.710.7-0.030.170.290.030.280.970.170.1-0.090.60.02-0.250.06-0.46-0.26-0.010.12
0.020.050.030.060.120.040.22-0.51-0.09-0.11-0.12-0.24-0.21-0.47-0.44-0.12-0.12-0.12-0.020.270.17-0.46-0.1-0.15-0.3
0.290.030.140.270.790.440.590.040.030.290.050.050.14-0.2-0.030.50.740.170.270.330.25-0.26-0.10.490.58
0.830.830.850.720.81-0.290.480.330.710.750.270.710.650.10.020.880.860.590.90.810.83-0.01-0.150.490.88
0.720.630.660.620.750.030.380.470.480.660.350.550.620.220.220.870.860.580.770.630.70.12-0.30.580.88
Click cells to compare fundamentals

AudioCodes Account Relationship Matchups

AudioCodes fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets243.9M358.1M349.3M323.8M337.5M236.4M
Other Current Liab46.2M40.2M38.4M38.3M29.9M20.5M
Total Current Liabilities97.4M94.8M95.9M94.5M84.2M51.4M
Total Stockholder Equity92.5M209.9M205.5M189.8M188.1M136.9M
Property Plant And Equipment Net33.6M30.0M20.9M17.5M47.6M50.0M
Net Debt(29.9M)(11.1M)(59.9M)(10.8M)8.5M9.0M
Retained Earnings(35.2M)(16.4M)6.5M23.4M21.1M22.1M
Accounts Payable6.6M7.0M7.9M11.3M7.6M7.9M
Cash64.8M40.9M79.4M24.5M30.8M34.2M
Non Current Assets Total111.3M154.5M181.7M173.9M194.9M102.1M
Non Currrent Assets Other694K20.7M22.8M31.0M17.2M17.5M
Cash And Short Term Investments64.8M41.4M80.1M41.9M38.2M43.4M
Net Receivables33.1M43.1M58.2M66.4M51.1M31.2M
Common Stock Shares Outstanding30.8M32.9M33.8M32.9M31.6M29.7M
Short Term Investments6.4M449K669K17.4M7.4M7.1M
Liabilities And Stockholders Equity243.9M358.1M349.3M323.8M337.5M236.4M
Non Current Liabilities Total54.0M53.5M47.8M39.6M65.2M48.1M
Inventory28.3M29.2M24.0M36.4M44.0M46.2M
Other Stockholder Equity127.6M224.4M199.1M177.2M203.8M156.2M
Total Liab151.4M148.3M143.8M134.1M149.4M99.5M
Property Plant And Equipment Gross34.1M30.0M20.9M17.5M20.1M21.1M
Total Current Assets132.6M203.6M167.6M149.9M142.7M134.3M
Accumulated Other Comprehensive Income(32.3M)1.8M(223K)(11.0M)(9.9M)(9.4M)
Other Current Assets6.4M89.9M5.3M5.2M9.4M8.9M
Common Stock94K105K107K109K188.1M197.5M
Other Liab40.9M34.1M36.4M34.1M39.2M41.1M
Other Assets40.4M32.7M31.5M40.1M46.1M48.4M
Property Plant Equipment34.1M30.0M20.9M17.5M20.1M21.1M
Short Long Term Debt Total34.9M29.8M19.5M13.7M39.3M32.8M
Intangible Assets901K569K2.4M1.6M38.6M40.5M
Current Deferred Revenue33.5M37.2M41.6M36.6M38.8M40.8M
Short Term Debt11.1M10.4M8.1M8.2M7.9M10.0M
Long Term Investments94K54.9M89.3M77.2M88.8M93.2M
Short Long Term Debt2.5M2.5M2.5M1.2M1.1M1.0M
Net Tangible Assets55.4M173.1M165.6M150.6M173.2M110.0M

Pair Trading with AudioCodes

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

Moving against AudioCodes Stock

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The ability to find closely correlated positions to AudioCodes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AudioCodes 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 AudioCodes - 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 AudioCodes to buy it.
The correlation of AudioCodes 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 AudioCodes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AudioCodes 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 AudioCodes 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 CorrelationCorrelation Matching
When determining whether AudioCodes offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AudioCodes' 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 Audiocodes Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Audiocodes Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AudioCodes. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
For information on how to trade AudioCodes Stock refer to our How to Trade AudioCodes Stock guide.
Note that the AudioCodes information on this page should be used as a complementary analysis to other AudioCodes' 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.

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When running AudioCodes' price analysis, check to measure AudioCodes' 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 AudioCodes is operating at the current time. Most of AudioCodes' value examination focuses on studying past and present price action to predict the probability of AudioCodes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AudioCodes' price. Additionally, you may evaluate how the addition of AudioCodes to your portfolios can decrease your overall portfolio volatility.
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Is AudioCodes' 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 AudioCodes. If investors know AudioCodes 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 AudioCodes 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
(0.50)
Dividend Share
0.36
Earnings Share
0.28
Revenue Per Share
7.783
Quarterly Revenue Growth
(0.10)
The market value of AudioCodes is measured differently than its book value, which is the value of AudioCodes that is recorded on the company's balance sheet. Investors also form their own opinion of AudioCodes' value that differs from its market value or its book value, called intrinsic value, which is AudioCodes' 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 AudioCodes' market value can be influenced by many factors that don't directly affect AudioCodes' 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 AudioCodes' value and its price as these two are different measures arrived at by different means. Investors typically determine if AudioCodes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AudioCodes' 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.