Dominion Operating Income vs Income Tax Expense Analysis

D Stock

USD 49.84 1.27 2.61%

Dominion Energy financial indicator trend analysis is much more than just examining Dominion Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dominion Energy is a good investment. Please check the relationship between Dominion Energy Operating Income and its Income Tax Expense accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dominion Energy. 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 Dominion Stock refer to our How to Trade Dominion 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 Dominion Energy Operating Income account and Income Tax Expense. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Dominion Energy's Operating Income and Income Tax Expense is 0.46. 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 Dominion Energy, assuming nothing else is changed. The correlation between historical values of Dominion Energy's 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 Dominion Energy 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., Dominion Energy's Operating Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.46

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Dominion Energy 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 Dominion Energy 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 Dominion Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dominion Energy 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dominion Energy. 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 Dominion Stock refer to our How to Trade Dominion Stock guide.At present, Dominion Energy's Enterprise Value Over EBITDA is projected to slightly grow based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 13.57, whereas Tax Provision is forecasted to decline to about 321.1 M.

	2021	2022	2023	2024 (projected)
Gross Profit	10.4B	5.3B	7.2B	6.7B
Total Revenue	14.0B	17.2B	13.7B	11.2B

Gross Profit Total Revenue

Dominion Energy fundamental ratios Correlations

	Common Stock Shares Outstanding	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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Other Liab
Common Stock Shares Outstanding		0.96	0.93	0.37	0.46	0.91	0.93	0.93	0.24	0.53	-0.01	0.95	0.3	-0.04	0.9	0.7	0.95	0.94	0.19	-0.32	0.97	0.78	0.33	0.35	0.75	0.78
Total Assets	0.96		0.97	0.37	0.47	0.96	0.97	0.97	0.16	0.42	-0.07	0.98	0.37	-0.1	0.85	0.77	0.98	0.88	0.22	-0.1	0.99	0.83	0.33	0.37	0.81	0.85
Short Long Term Debt Total	0.93	0.97		0.32	0.45	0.87	0.96	1.0	0.27	0.44	0.02	0.95	0.33	-0.02	0.81	0.67	0.97	0.91	0.18	-0.23	0.98	0.8	0.29	0.42	0.7	0.79
Other Current Liab	0.37	0.37	0.32		0.97	0.36	0.23	0.32	-0.4	0.35	-0.1	0.26	0.85	0.06	0.47	0.76	0.24	0.22	0.96	-0.13	0.39	0.67	0.98	0.86	0.71	0.65
Total Current Liabilities	0.46	0.47	0.45	0.97		0.42	0.36	0.45	-0.23	0.43	-0.07	0.36	0.83	0.08	0.55	0.78	0.34	0.36	0.94	-0.19	0.49	0.75	0.97	0.94	0.73	0.72
Total Stockholder Equity	0.91	0.96	0.87	0.36	0.42		0.93	0.87	0.08	0.4	-0.17	0.96	0.4	-0.2	0.84	0.81	0.93	0.78	0.2	0.08	0.93	0.81	0.31	0.26	0.86	0.84
Property Plant And Equipment Net	0.93	0.97	0.96	0.23	0.36	0.93		0.96	0.34	0.39	-0.04	0.99	0.24	-0.08	0.8	0.69	0.98	0.9	0.09	-0.07	0.96	0.77	0.2	0.29	0.73	0.81
Net Debt	0.93	0.97	1.0	0.32	0.45	0.87	0.96		0.27	0.44	0.01	0.95	0.33	-0.03	0.81	0.67	0.97	0.91	0.18	-0.23	0.98	0.8	0.29	0.42	0.7	0.79
Retained Earnings	0.24	0.16	0.27	-0.4	-0.23	0.08	0.34	0.27		0.08	0.17	0.24	-0.48	0.12	0.11	-0.23	0.25	0.45	-0.37	-0.37	0.17	-0.05	-0.34	-0.1	-0.19	-0.02
Accounts Payable	0.53	0.42	0.44	0.35	0.43	0.4	0.39	0.44	0.08		-0.25	0.42	0.46	-0.18	0.81	0.44	0.43	0.54	0.22	-0.49	0.43	0.61	0.37	0.4	0.51	0.4
Cash	-0.01	-0.07	0.02	-0.1	-0.07	-0.17	-0.04	0.01	0.17	-0.25		-0.08	-0.36	0.97	-0.24	-0.17	-0.02	0.06	-0.07	-0.19	-0.02	-0.11	-0.07	0.04	-0.24	-0.09
Non Current Assets Total	0.95	0.98	0.95	0.26	0.36	0.96	0.99	0.95	0.24	0.42	-0.08		0.27	-0.11	0.84	0.73	0.99	0.88	0.1	-0.07	0.97	0.8	0.21	0.27	0.78	0.83
Non Currrent Assets Other	0.3	0.37	0.33	0.85	0.83	0.4	0.24	0.33	-0.48	0.46	-0.36	0.27		-0.23	0.53	0.73	0.24	0.15	0.82	0.04	0.37	0.7	0.85	0.75	0.71	0.6
Cash And Short Term Investments	-0.04	-0.1	-0.02	0.06	0.08	-0.2	-0.08	-0.03	0.12	-0.18	0.97	-0.11	-0.23		-0.22	-0.07	-0.07	0.01	0.09	-0.2	-0.05	-0.02	0.09	0.18	-0.16	-0.01
Net Receivables	0.9	0.85	0.81	0.47	0.55	0.84	0.8	0.81	0.11	0.81	-0.24	0.84	0.53	-0.22		0.75	0.83	0.82	0.29	-0.32	0.85	0.84	0.44	0.43	0.82	0.75
Common Stock Total Equity	0.7	0.77	0.67	0.76	0.78	0.81	0.69	0.67	-0.23	0.44	-0.17	0.73	0.73	-0.07	0.75		0.69	0.51	0.65	0.13	0.75	0.92	0.72	0.62	0.98	0.94
Non Current Liabilities Total	0.95	0.98	0.97	0.24	0.34	0.93	0.98	0.97	0.25	0.43	-0.02	0.99	0.24	-0.07	0.83	0.69		0.9	0.07	-0.15	0.98	0.78	0.19	0.25	0.73	0.8
Inventory	0.94	0.88	0.91	0.22	0.36	0.78	0.9	0.91	0.45	0.54	0.06	0.88	0.15	0.01	0.82	0.51	0.9		0.08	-0.42	0.9	0.67	0.21	0.35	0.57	0.64
Other Current Assets	0.19	0.22	0.18	0.96	0.94	0.2	0.09	0.18	-0.37	0.22	-0.07	0.1	0.82	0.09	0.29	0.65	0.07	0.08		-0.05	0.24	0.57	0.98	0.88	0.57	0.54
Other Stockholder Equity	-0.32	-0.1	-0.23	-0.13	-0.19	0.08	-0.07	-0.23	-0.37	-0.49	-0.19	-0.07	0.04	-0.2	-0.32	0.13	-0.15	-0.42	-0.05		-0.17	-0.1	-0.15	-0.26	0.1	0.04
Total Liab	0.97	0.99	0.98	0.39	0.49	0.93	0.96	0.98	0.17	0.43	-0.02	0.97	0.37	-0.05	0.85	0.75	0.98	0.9	0.24	-0.17		0.83	0.35	0.4	0.78	0.83
Property Plant And Equipment Gross	0.78	0.83	0.8	0.67	0.75	0.81	0.77	0.8	-0.05	0.61	-0.11	0.8	0.7	-0.02	0.84	0.92	0.78	0.67	0.57	-0.1	0.83		0.66	0.66	0.93	0.94
Total Current Assets	0.33	0.33	0.29	0.98	0.97	0.31	0.2	0.29	-0.34	0.37	-0.07	0.21	0.85	0.09	0.44	0.72	0.19	0.21	0.98	-0.15	0.35	0.66		0.9	0.66	0.61
Short Term Debt	0.35	0.37	0.42	0.86	0.94	0.26	0.29	0.42	-0.1	0.4	0.04	0.27	0.75	0.18	0.43	0.62	0.25	0.35	0.88	-0.26	0.4	0.66	0.9		0.55	0.59
Common Stock	0.75	0.81	0.7	0.71	0.73	0.86	0.73	0.7	-0.19	0.51	-0.24	0.78	0.71	-0.16	0.82	0.98	0.73	0.57	0.57	0.1	0.78	0.93	0.66	0.55		0.94
Other Liab	0.78	0.85	0.79	0.65	0.72	0.84	0.81	0.79	-0.02	0.4	-0.09	0.83	0.6	-0.01	0.75	0.94	0.8	0.64	0.54	0.04	0.83	0.94	0.61	0.59	0.94

Click cells to compare fundamentals

Dominion Energy Account Relationship Matchups

Dominion Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	808.9M	831M	808.5M	824.8M	836.5M	576.9M
Total Assets	103.8B	95.9B	99.6B	104.2B	109.0B	56.9B
Short Long Term Debt Total	37.9B	37.0B	40.6B	45.7B	44.9B	24.3B
Other Current Liab	2.7B	5.5B	3.2B	4.9B	12.5B	13.2B
Total Current Liabilities	9.9B	10.8B	8.7B	13.5B	24.5B	25.7B
Total Stockholder Equity	32.0B	26.1B	27.3B	27.9B	27.5B	14.6B
Property Plant And Equipment Net	69.1B	57.8B	59.8B	63.5B	59.4B	35.4B
Net Debt	37.7B	36.8B	40.3B	45.5B	44.6B	24.0B
Retained Earnings	7.6B	4.2B	5.4B	4.1B	3.5B	4.3B
Accounts Payable	1.1B	944M	1.2B	1.8B	921M	1.4B
Cash	268M	166M	172M	283M	153M	187.4M
Non Current Assets Total	97.7B	89.0B	92.3B	94.4B	83.6B	50.2B
Non Currrent Assets Other	1.3B	2.0B	2.1B	10.0B	11.1B	11.6B
Cash And Short Term Investments	268M	166M	172M	283M	153M	299.1M
Net Receivables	2.6B	2.5B	2.6B	3.4B	2.5B	2.3B
Common Stock Total Equity	23.8B	21.3B	21.6B	23.6B	27.1B	28.5B
Liabilities And Stockholders Equity	103.8B	95.9B	99.6B	104.2B	109.0B	56.9B
Non Current Liabilities Total	59.9B	58.6B	63.6B	62.9B	57.0B	30.4B
Inventory	1.7B	1.6B	1.6B	1.7B	1.7B	1.1B
Other Current Assets	1.2B	866M	1.8B	2.6B	20.9B	22.0B
Total Liab	69.8B	69.4B	72.3B	76.4B	81.5B	41.8B
Property Plant And Equipment Gross	69.1B	57.8B	86.5B	91.2B	83.4B	87.6B
Total Current Assets	6.1B	6.9B	7.3B	9.9B	25.4B	26.7B
Accumulated Other Comprehensive Income	(1.8B)	(1.7B)	(1.5B)	(1.6B)	(1.5B)	(1.4B)
Short Term Debt	4.1B	3.1B	3.2B	6.8B	11.0B	11.6B
Common Stock	23.8B	21.3B	21.6B	23.6B	23.7B	24.9B
Other Liab	25.3B	24.1B	25.4B	23.2B	26.7B	28.0B
Other Assets	16.4B	12.8B	20.5B	13.0B	14.9B	15.7B
Long Term Debt	33.8B	34.0B	37.4B	38.8B	33.1B	24.1B
Intangible Assets	791M	765M	784M	868M	945M	1.6B
Property Plant Equipment	69.1B	57.8B	59.8B	415M	477.3M	453.4M
Current Deferred Revenue	836M	2.0B	1.3B	1.2B	1.3B	1.4B
Noncontrolling Interest In Consolidated Entity	2.2B	1.9B	2.0B	344M	395.6M	375.8M
Good Will	8.9B	7.4B	7.4B	7.3B	4.1B	5.6B
Retained Earnings Total Equity	7.6B	4.2B	5.4B	4.1B	4.7B	5.0B
Deferred Long Term Liab	7.7B	9.1B	8.6B	9.1B	10.5B	11.0B
Net Tangible Assets	29.6B	15.6B	17.1B	17.9B	20.6B	14.9B

Pair Trading with Dominion Energy

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

Moving together with Dominion Stock

0.85	ES	Eversource Energy Financial Report 1st of May 2024	Pair Corr
0.74	FE	FirstEnergy Earnings Call This Week	Pair Corr

Moving against Dominion Stock

0.84	HE	Hawaiian Electric Buyout Trend	Pair Corr
0.42	EDN	Empresa Distribuidora Financial Report 9th of May 2024	Pair Corr

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

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

How To Invest In Dominion

Details

Is Dominion Stock a good investment?

Details

What is Dominion Energy's Net Worth?

Details

Largest Multi-Utilities Companies

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Largest Utilities - Regulated Electric Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dominion Energy. 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 Dominion Stock refer to our How to Trade Dominion Stock guide.

Note that the Dominion Energy information on this page should be used as a complementary analysis to other Dominion Energy'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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for Dominion Stock analysis

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

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Is Dominion Energy'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 Dominion Energy. If investors know Dominion 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 Dominion Energy 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

(0.21)

Dividend Share

2.67

Earnings Share

2.48

Revenue Per Share

17.208

Quarterly Revenue Growth

(0.07)

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

Operating Income vs Income Tax Expense

Operating Income vs Income Tax Expense Correlation Analysis

Correlation Coefficient

Operating Income

Income Tax Expense

Dominion Energy fundamental ratios Correlations

Dominion Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Dominion Energy fundamental ratios Accounts

Pair Trading with Dominion Energy

Moving together with Dominion Stock

Moving against Dominion Stock

Complementary Tools for Dominion Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Non Current Liabilities Total	+ 0.99	Non Current Assets Total
Non Current Assets Total	+ 0.98	Total Assets
Non Current Liabilities Total	+ 0.98	Total Assets

Other Stockholder Equity	- 0.49	Accounts Payable
Non Currrent Assets Other	- 0.48	Retained Earnings
Other Stockholder Equity	- 0.42	Inventory
Retained Earnings	- 0.4	Other Current Liab
Other Stockholder Equity	- 0.37	Retained Earnings
Other Current Assets	- 0.37	Retained Earnings