Catalent Income Tax Expense vs Net Income From Continuing Ops Analysis
CTLT Stock | USD 56.00 0.15 0.27% |
Catalent financial indicator trend analysis is way more than just evaluating Catalent prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Catalent is a good investment. Please check the relationship between Catalent Income Tax Expense and its Net Income From Continuing Ops accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Catalent. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Catalent Stock please use our How to Invest in Catalent guide.
Income Tax Expense vs Net Income From Continuing Ops
Income Tax Expense vs Net Income From Continuing Ops Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Catalent Income Tax Expense account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Catalent's Income Tax Expense and Net Income From Continuing Ops is -0.25. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Catalent, assuming nothing else is changed. The correlation between historical values of Catalent's Income Tax Expense and Net Income From Continuing Ops 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 Catalent are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Income Tax Expense i.e., Catalent's Income Tax Expense and Net Income From Continuing Ops go up and down completely randomly.
Correlation Coefficient | -0.25 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Income Tax Expense
Net Income From Continuing Ops
Most indicators from Catalent's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Catalent 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 Catalent. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Catalent Stock please use our How to Invest in Catalent guide.At this time, Catalent's Discontinued Operations is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 148.53 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.21 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 123M | 184M | 165.6M | 108.6M | Depreciation And Amortization | 378M | 216M | 248.4M | 213.5M |
Catalent fundamental ratios Correlations
Click cells to compare fundamentals
Catalent Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Catalent fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 152.3M | 170M | 178M | 181M | 208.2M | 152.6M | |
Total Assets | 7.8B | 9.1B | 10.5B | 10.8B | 12.4B | 6.2B | |
Short Long Term Debt Total | 3.0B | 3.2B | 4.2B | 4.8B | 5.6B | 3.2B | |
Other Current Liab | 308.3M | 431M | 435M | 377M | 433.6M | 291.7M | |
Total Current Liabilities | 893.2M | 1.2B | 1.1B | 1.5B | 1.7B | 1.8B | |
Total Stockholder Equity | 2.9B | 3.9B | 4.8B | 4.6B | 5.3B | 5.6B | |
Other Liab | 340.9M | 399M | 469M | 327M | 376.1M | 308.4M | |
Property Plant And Equipment Net | 1.9B | 2.5B | 3.1B | 3.7B | 4.3B | 4.5B | |
Current Deferred Revenue | 191M | 305M | 185M | 167M | 192.1M | 126.8M | |
Net Debt | 2.1B | 2.3B | 3.8B | 4.6B | 5.3B | 2.8B | |
Retained Earnings | (535.2M) | 25M | 538M | 262M | 301.3M | 316.4M | |
Accounts Payable | 321M | 385M | 421M | 427M | 491.1M | 263.1M | |
Cash | 953.2M | 896M | 449M | 280M | 322M | 387.3M | |
Non Current Assets Total | 5.5B | 6.2B | 7.6B | 8.1B | 9.3B | 9.8B | |
Non Currrent Assets Other | 3.6B | 230M | 316M | 4.4B | 5.1B | 5.3B | |
Other Assets | 122M | 210M | 4.4B | 4.4B | 5.1B | 5.3B | |
Long Term Debt | 2.9B | 2.9B | 3.2B | 4.2B | 4.8B | 3.1B | |
Cash And Short Term Investments | 953.2M | 967M | 538M | 280M | 322M | 401.9M | |
Net Receivables | 838.1M | 1.0B | 1.1B | 977M | 1.1B | 689.9M | |
Good Will | 2.5B | 2.5B | 3.0B | 3.0B | 3.5B | 1.9B | |
Liabilities And Stockholders Equity | 7.8B | 9.1B | 10.5B | 10.8B | 12.4B | 6.2B | |
Non Current Liabilities Total | 3.8B | 4.0B | 4.0B | 4.6B | 5.3B | 3.6B | |
Inventory | 323.8M | 563M | 702M | 764M | 878.6M | 922.5M | |
Other Current Assets | 177.9M | 376M | 70M | 658M | 756.7M | 794.5M | |
Other Stockholder Equity | 3.2B | 3.8B | (5.9B) | 4.7B | 5.4B | 5.7B | |
Total Liab | 4.9B | 5.2B | 5.7B | 6.1B | 7.1B | 4.4B | |
Property Plant And Equipment Gross | 2.0B | 2.6B | 4.6B | 5.3B | 6.1B | 6.4B | |
Total Current Assets | 2.3B | 2.9B | 2.9B | 2.7B | 3.1B | 1.7B | |
Accumulated Other Comprehensive Income | (386.3M) | (317M) | (394M) | (354M) | (318.6M) | (334.5M) | |
Short Term Debt | 72.9M | 75M | 31M | 536M | 616.4M | 647.2M | |
Intangible Assets | 888.7M | 817M | 1.1B | 980M | 1.1B | 669.6M | |
Property Plant Equipment | 1.5B | 2.0B | 2.5B | 3.1B | 3.6B | 3.8B | |
Net Tangible Assets | (460.5M) | 938M | 729M | 709M | 815.4M | 856.1M | |
Long Term Debt Total | 2.6B | 2.9B | 3.2B | 4.2B | 4.8B | 3.1B |
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 Catalent 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, Catalent's short interest history, or implied volatility extrapolated from Catalent options trading.
Pair Trading with Catalent
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 Catalent 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 Catalent will appreciate offsetting losses from the drop in the long position's value.Moving against Catalent Stock
0.6 | PDEX | Pro Dex Earnings Call Today | PairCorr |
The ability to find closely correlated positions to Catalent could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Catalent 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 Catalent - 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 Catalent to buy it.
The correlation of Catalent 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 Catalent moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Catalent 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 Catalent 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Catalent. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Catalent Stock please use our How to Invest in Catalent guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Catalent Stock analysis
When running Catalent's price analysis, check to measure Catalent'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 Catalent is operating at the current time. Most of Catalent's value examination focuses on studying past and present price action to predict the probability of Catalent's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Catalent's price. Additionally, you may evaluate how the addition of Catalent to your portfolios can decrease your overall portfolio volatility.
Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
CEOs Directory Screen CEOs from public companies around the world | |
Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
Commodity Directory Find actively traded commodities issued by global exchanges | |
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
Transaction History View history of all your transactions and understand their impact on performance |
Is Catalent'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 Catalent. If investors know Catalent 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 Catalent 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 (0.15) | Earnings Share (7.18) | Revenue Per Share 22.579 | Quarterly Revenue Growth (0.11) | Return On Assets (0.01) |
The market value of Catalent is measured differently than its book value, which is the value of Catalent that is recorded on the company's balance sheet. Investors also form their own opinion of Catalent's value that differs from its market value or its book value, called intrinsic value, which is Catalent'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 Catalent's market value can be influenced by many factors that don't directly affect Catalent'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 Catalent's value and its price as these two are different measures arrived at by different means. Investors typically determine if Catalent is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Catalent'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.