AXIS Income Before Tax vs Operating Income Analysis
AXS Stock | USD 65.39 0.21 0.32% |
AXIS Capital financial indicator trend analysis is way more than just evaluating AXIS Capital Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AXIS Capital Holdings is a good investment. Please check the relationship between AXIS Capital Income Before Tax and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AXIS Capital Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
Income Before Tax vs Operating Income
Income Before Tax vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AXIS Capital Holdings Income Before Tax account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between AXIS Capital's Income Before Tax and Operating Income is 0.9. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Operating Income in the same time period over historical financial statements of AXIS Capital Holdings, assuming nothing else is changed. The correlation between historical values of AXIS Capital's Income Before Tax and Operating 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 Income Before Tax of AXIS Capital Holdings are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Income Before Tax i.e., AXIS Capital's Income Before Tax and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.9 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on AXIS Capital income statement and is an important metric when analyzing AXIS Capital Holdings 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.Operating Income
Operating Income is the amount of profit realized from AXIS Capital Holdings 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 AXIS Capital Holdings 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.Most indicators from AXIS Capital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AXIS Capital Holdings 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 AXIS Capital Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. At this time, AXIS Capital's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 100.2 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.07 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 5.3B | 5.1B | 5.6B | 4.1B | Total Revenue | 5.3B | 5.1B | 5.6B | 4.1B |
AXIS Capital fundamental ratios Correlations
Click cells to compare fundamentals
AXIS Capital Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AXIS Capital fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 25.6B | 25.9B | 27.4B | 27.6B | 28.3B | 20.2B | |
Total Stockholder Equity | 5.5B | 5.3B | 5.4B | 4.6B | 5.3B | 5.4B | |
Other Liab | 10.9B | 1.4B | 1.8B | 12.9B | 14.8B | 15.6B | |
Retained Earnings | 6.1B | 5.8B | 6.2B | 6.2B | 6.4B | 4.7B | |
Accounts Payable | 1.3B | 1.1B | 1.3B | 1.5B | 1.8B | 1.9B | |
Cash | 1.2B | 902.8M | 844.6M | 751.4M | 1.4B | 1.3B | |
Non Current Assets Total | 13.5B | 13.3B | 14.0B | 13.1B | 16.5B | 17.4B | |
Non Currrent Assets Other | (13.5B) | (13.3B) | (14.0B) | (13.1B) | (441.0M) | (463.1M) | |
Other Assets | (9.1B) | (8.2B) | (8.2B) | (6.9B) | (6.2B) | (5.9B) | |
Net Receivables | 7.4B | 7.7B | 8.4B | 9.2B | 10.1B | 10.6B | |
Common Stock Shares Outstanding | 84.5M | 84.3M | 85.3M | 85.7M | 86.0M | 96.2M | |
Short Term Investments | 12.5B | 12.2B | 12.3B | 11.4B | 17.2M | 16.4M | |
Liabilities And Stockholders Equity | 25.6B | 25.9B | 27.4B | 27.6B | 28.3B | 20.2B | |
Other Stockholder Equity | (1.5B) | (1.4B) | (1.4B) | (1.4B) | (1.4B) | (1.3B) | |
Total Liab | 20.1B | 20.6B | 22.0B | 23.0B | 23.1B | 14.8B | |
Total Current Assets | 21.1B | 20.8B | 21.5B | 21.4B | 11.8B | 16.4B | |
Intangible Assets | 230.6M | 219.6M | 208.7M | 197.8M | 186.9M | 115.3M | |
Other Current Liab | (1.3B) | (1.1B) | (1.3B) | (102.6M) | 16.4B | 17.3B | |
Total Current Liabilities | 1.3B | 1.1B | 1.3B | 1.5B | 18.3B | 10.3B | |
Net Debt | 682.6M | 547.1M | 585.9M | 744.9M | 138.6M | 145.6M | |
Cash And Short Term Investments | 13.7B | 13.1B | 13.2B | 12.1B | 5.3B | 8.8B | |
Other Current Assets | 9.0B | 9.4B | 9.7B | 10.5B | 11.8B | 12.4B | |
Accumulated Other Comprehensive Income | 171.7M | 414.4M | 56.5M | (760.3M) | (365.8M) | (347.5M) | |
Short Long Term Debt Total | 1.9B | 1.4B | 1.4B | 1.5B | 1.5B | 1.1B | |
Long Term Debt | 1.8B | 1.3B | 1.3B | 1.3B | 1.4B | 1.1B | |
Non Current Liabilities Total | 1.9B | 1.4B | 1.4B | 1.5B | 4.8B | 5.1B | |
Treasury Stock | (3.8B) | (3.8B) | (3.8B) | (3.7B) | (3.4B) | (3.5B) | |
Inventory | (9.0B) | (9.4B) | (9.7B) | (10.5B) | (15.4B) | (14.6B) | |
Net Tangible Assets | 4.4B | 4.4B | 4.6B | 3.8B | 3.4B | 3.7B | |
Retained Earnings Total Equity | 5.9B | 6.1B | 5.8B | 6.2B | 7.1B | 5.7B | |
Long Term Debt Total | 1.8B | 1.3B | 1.3B | 1.3B | 1.5B | 1.3B | |
Capital Surpluse | 2.3B | 2.3B | 2.3B | 2.4B | 2.7B | 2.5B | |
Long Term Investments | 14.4B | 14.3B | 13.6B | 12.7B | 13.7B | 15.0B | |
Non Current Liabilities Other | 17.6B | 18.2B | 19.2B | 20.6B | 23.7B | 16.8B |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AXIS Capital Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for AXIS Stock analysis
When running AXIS Capital's price analysis, check to measure AXIS Capital'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 AXIS Capital is operating at the current time. Most of AXIS Capital's value examination focuses on studying past and present price action to predict the probability of AXIS Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AXIS Capital's price. Additionally, you may evaluate how the addition of AXIS Capital to your portfolios can decrease your overall portfolio volatility.
Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
FinTech Suite Use AI to screen and filter profitable investment opportunities | |
Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
Global Correlations Find global opportunities by holding instruments from different markets | |
Stocks Directory Find actively traded stocks across global markets | |
Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges |
Is AXIS Capital'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 AXIS Capital. If investors know AXIS 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 AXIS Capital 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 1.254 | Dividend Share 1.76 | Earnings Share 6.54 | Revenue Per Share 67.221 | Quarterly Revenue Growth 0.06 |
The market value of AXIS Capital Holdings is measured differently than its book value, which is the value of AXIS that is recorded on the company's balance sheet. Investors also form their own opinion of AXIS Capital's value that differs from its market value or its book value, called intrinsic value, which is AXIS Capital'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 AXIS Capital's market value can be influenced by many factors that don't directly affect AXIS Capital'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 AXIS Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if AXIS Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AXIS Capital'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.