East Income Tax Expense vs Operating Income Analysis

EWBC Stock

USD 71.80 0.24 0.34%

East West financial indicator trend analysis is much more than just examining East West Bancorp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether East West Bancorp is a good investment. Please check the relationship between East West Income Tax Expense and its Operating Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in East West Bancorp. 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 labor statistics.

Income Tax Expense vs Operating Income

Income Tax Expense vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of East West Bancorp Income Tax Expense account and Operating Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between East West's Income Tax Expense and Operating Income is 0.67. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Operating Income in the same time period over historical financial statements of East West Bancorp, assuming nothing else is changed. The correlation between historical values of East West's Income Tax Expense 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 Tax Expense of East West Bancorp 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 Tax Expense i.e., East West's Income Tax Expense and Operating Income go up and down completely randomly.

Correlation Coefficient

0.67

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Income Tax Expense

Operating Income

Operating Income is the amount of profit realized from East West Bancorp 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 East West Bancorp 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 East West's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into East West Bancorp 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 East West Bancorp. 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 labor statistics.

At present, East West's Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting.

	2021	2022	2023	2024 (projected)
Interest Expense	87.2M	275.4M	174.5M	182.8M
Depreciation And Amortization	156.8M	159.9M	1.8M	1.7M

Interest Expense Depreciation And Amortization

East West fundamental ratios Correlations

	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	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Liab	Accounts Payable	Long Term Debt	Good Will
Total Assets		0.61	0.2	0.25	0.99	-0.09	-0.38	0.98	0.93	0.7	0.19	0.94	0.63	0.84	0.35	0.62	-0.33	-0.05	0.87	0.63	0.31	0.59	0.32	0.73	0.2	0.62
Short Long Term Debt Total	0.61		0.43	0.6	0.62	-0.21	0.44	0.68	0.52	0.98	0.05	0.61	-0.11	0.46	-0.1	0.99	-0.37	-0.14	0.55	0.98	-0.12	0.99	0.42	0.64	-0.13	0.12
Other Current Liab	0.2	0.43		0.79	0.22	0.34	0.34	0.21	0.08	0.4	0.4	0.39	-0.23	0.33	0.13	0.43	0.5	-0.17	-0.13	0.47	0.29	0.47	0.51	0.06	-0.4	0.29
Total Current Liabilities	0.25	0.6	0.79		0.24	0.34	0.55	0.26	0.04	0.56	-0.2	0.26	-0.29	0.28	0.05	0.59	0.16	-0.2	-0.15	0.63	-0.29	0.65	0.54	0.25	-0.33	0.22
Total Stockholder Equity	0.99	0.62	0.22	0.24		-0.1	-0.38	0.98	0.95	0.7	0.23	0.96	0.62	0.85	0.37	0.62	-0.31	-0.02	0.88	0.64	0.34	0.58	0.33	0.68	0.26	0.64
Property Plant And Equipment Net	-0.09	-0.21	0.34	0.34	-0.1		0.08	-0.21	-0.27	-0.23	-0.16	-0.03	-0.12	0.0	0.65	-0.22	0.67	0.3	-0.38	-0.1	-0.05	-0.17	0.19	-0.26	-0.06	0.52
Net Debt	-0.38	0.44	0.34	0.55	-0.38	0.08		-0.3	-0.54	0.34	-0.27	-0.33	-0.87	-0.39	-0.41	0.43	0.01	-0.1	-0.4	0.44	-0.57	0.5	0.29	0.03	-0.53	-0.46
Retained Earnings	0.98	0.68	0.21	0.26	0.98	-0.21	-0.3		0.92	0.77	0.22	0.94	0.56	0.82	0.21	0.69	-0.42	-0.15	0.89	0.69	0.28	0.66	0.36	0.76	0.15	0.51
Cash	0.93	0.52	0.08	0.04	0.95	-0.27	-0.54	0.92		0.59	0.3	0.89	0.72	0.81	0.29	0.52	-0.35	-0.04	0.9	0.51	0.44	0.46	0.12	0.57	0.39	0.55
Non Current Assets Total	0.7	0.98	0.4	0.56	0.7	-0.23	0.34	0.77	0.59		0.07	0.69	-0.01	0.5	-0.07	0.99	-0.4	-0.14	0.65	0.98	-0.07	0.98	0.48	0.77	-0.19	0.16
Non Currrent Assets Other	0.19	0.05	0.4	-0.2	0.23	-0.16	-0.27	0.22	0.3	0.07		0.45	0.14	0.25	0.03	0.07	0.28	-0.09	0.29	0.05	0.91	0.04	0.1	-0.02	-0.1	0.12
Other Assets	0.94	0.61	0.39	0.26	0.96	-0.03	-0.33	0.94	0.89	0.69	0.45		0.5	0.82	0.38	0.62	-0.14	-0.03	0.83	0.65	0.5	0.58	0.44	0.62	0.12	0.64
Cash And Short Term Investments	0.63	-0.11	-0.23	-0.29	0.62	-0.12	-0.87	0.56	0.72	-0.01	0.14	0.5		0.66	0.34	-0.12	-0.19	-0.07	0.58	-0.13	0.48	-0.15	-0.35	0.25	0.46	0.55
Net Receivables	0.84	0.46	0.33	0.28	0.85	0.0	-0.39	0.82	0.81	0.5	0.25	0.82	0.66		0.28	0.44	-0.05	-0.24	0.65	0.46	0.42	0.43	0.08	0.35	0.2	0.69
Common Stock Shares Outstanding	0.35	-0.1	0.13	0.05	0.37	0.65	-0.41	0.21	0.29	-0.07	0.03	0.38	0.34	0.28		-0.11	0.44	0.69	0.16	-0.01	0.24	-0.14	0.22	0.01	0.31	0.86
Non Current Liabilities Total	0.62	0.99	0.43	0.59	0.62	-0.22	0.43	0.69	0.52	0.99	0.07	0.62	-0.12	0.44	-0.11		-0.36	-0.14	0.57	0.99	-0.11	0.99	0.49	0.7	-0.21	0.1
Other Current Assets	-0.33	-0.37	0.5	0.16	-0.31	0.67	0.01	-0.42	-0.35	-0.4	0.28	-0.14	-0.19	-0.05	0.44	-0.36		0.29	-0.52	-0.31	0.34	-0.35	0.02	-0.54	-0.31	0.31
Other Stockholder Equity	-0.05	-0.14	-0.17	-0.2	-0.02	0.3	-0.1	-0.15	-0.04	-0.14	-0.09	-0.03	-0.07	-0.24	0.69	-0.14	0.29		0.01	-0.1	-0.03	-0.18	0.13	-0.03	0.13	0.29
Total Liab	0.87	0.55	-0.13	-0.15	0.88	-0.38	-0.4	0.89	0.9	0.65	0.29	0.83	0.58	0.65	0.16	0.57	-0.52	0.01		0.54	0.35	0.51	0.14	0.73	0.24	0.37
Property Plant And Equipment Gross	0.63	0.98	0.47	0.63	0.64	-0.1	0.44	0.69	0.51	0.98	0.05	0.65	-0.13	0.46	-0.01	0.99	-0.31	-0.1	0.54		-0.12	0.98	0.54	0.67	-0.15	0.19
Total Current Assets	0.31	-0.12	0.29	-0.29	0.34	-0.05	-0.57	0.28	0.44	-0.07	0.91	0.5	0.48	0.42	0.24	-0.11	0.34	-0.03	0.35	-0.12		-0.14	-0.09	-0.04	0.06	0.35
Short Term Debt	0.59	0.99	0.47	0.65	0.58	-0.17	0.5	0.66	0.46	0.98	0.04	0.58	-0.15	0.43	-0.14	0.99	-0.35	-0.18	0.51	0.98	-0.14		0.45	0.68	-0.23	0.09
Other Liab	0.32	0.42	0.51	0.54	0.33	0.19	0.29	0.36	0.12	0.48	0.1	0.44	-0.35	0.08	0.22	0.49	0.02	0.13	0.14	0.54	-0.09	0.45		0.42	-0.28	0.22
Accounts Payable	0.73	0.64	0.06	0.25	0.68	-0.26	0.03	0.76	0.57	0.77	-0.02	0.62	0.25	0.35	0.01	0.7	-0.54	-0.03	0.73	0.67	-0.04	0.68	0.42		-0.24	0.13
Long Term Debt	0.2	-0.13	-0.4	-0.33	0.26	-0.06	-0.53	0.15	0.39	-0.19	-0.1	0.12	0.46	0.2	0.31	-0.21	-0.31	0.13	0.24	-0.15	0.06	-0.23	-0.28	-0.24		0.31
Good Will	0.62	0.12	0.29	0.22	0.64	0.52	-0.46	0.51	0.55	0.16	0.12	0.64	0.55	0.69	0.86	0.1	0.31	0.29	0.37	0.19	0.35	0.09	0.22	0.13	0.31

Click cells to compare fundamentals

East West Account Relationship Matchups

East West fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	44.2B	52.2B	60.9B	64.1B	69.6B	73.1B
Short Long Term Debt Total	1.0B	928.2M	506.9M	264.3M	4.8B	5.0B
Other Current Liab	(136.8M)	(123.8M)	(105.5M)	(111.9M)	28.6B	30.1B
Total Current Liabilities	136.8M	123.8M	105.5M	111.9M	33.1B	34.8B
Total Stockholder Equity	5.0B	5.3B	5.8B	6.0B	7.0B	7.3B
Property Plant And Equipment Net	100.0M	95.5M	98.6M	103.7M	94.0M	94.9M
Net Debt	(2.4B)	(3.9B)	(4.1B)	(3.4B)	129.9M	136.4M
Retained Earnings	3.7B	4.0B	4.7B	5.6B	6.5B	6.8B
Cash	3.5B	4.8B	4.6B	3.6B	4.6B	4.9B
Non Current Assets Total	4.3B	6.6B	11.2B	10.5B	64.2B	67.4B
Non Currrent Assets Other	(198.8M)	(267.6M)	(294.6M)	89.2M	2.1B	2.2B
Other Assets	33.1B	35.2B	35.1B	44.0B	50.6B	53.1B
Cash And Short Term Investments	6.8B	10.4B	14.6B	9.7B	4.6B	3.4B
Common Stock Shares Outstanding	146.2M	143.0M	143.1M	142.5M	141.9M	116.1M
Liabilities And Stockholders Equity	44.2B	52.2B	60.9B	64.1B	69.6B	73.1B
Non Current Liabilities Total	898.2M	804.4M	401.3M	111.9M	29.5B	31.0B
Other Current Assets	4.5B	6.5B	7.2B	4.7B	5.4B	5.1B
Other Stockholder Equity	1.3B	1.2B	1.2B	1.2B	1.1B	1.1B
Total Liab	39.2B	46.9B	55.0B	58.1B	62.7B	65.8B
Property Plant And Equipment Gross	218.3M	95.5M	98.6M	103.7M	849.1M	891.6M
Total Current Assets	6.8B	10.4B	14.6B	9.7B	5.4B	4.8B
Accumulated Other Comprehensive Income	(18.4M)	44.3M	(90.4M)	(765.6M)	(620.6M)	(589.6M)
Short Term Debt	136.8M	123.8M	105.5M	111.9M	4.5B	4.7B
Other Liab	292.1M	33.6M	27.5M	452.5M	520.4M	546.4M
Accounts Payable	619.3M	796.8M	53.4B	56.0B	64.4B	67.6B
Long Term Debt	898.2M	804.4M	401.3M	152.4M	153.0M	145.4M
Common Stock Total Equity	165K	166K	167K	168K	193.2K	125.2K
Inventory	125K	19.7M	10.3M	270K	243K	255.2K
Treasury Stock	(468.0M)	(479.9M)	(634.1M)	(649.8M)	(584.8M)	(555.6M)
Intangible Assets	16.1M	11.9M	5.7M	6.2M	5.6M	5.3M
Common Stock	165K	166K	167K	168K	169K	130.2K
Property Plant Equipment	118.4M	103.3M	98.6M	192.9M	221.8M	232.9M
Short Term Investments	3.3B	5.5B	10.0B	6.0B	6.2B	6.5B
Net Tangible Assets	4.6B	4.8B	5.4B	5.5B	6.3B	3.8B
Retained Earnings Total Equity	3.2B	3.7B	4.0B	4.7B	5.4B	2.7B
Long Term Debt Total	146.8M	152.3M	151.7M	152.0M	136.8M	150.9M
Capital Surpluse	1.8B	1.8B	1.9B	1.9B	2.2B	1.9B
Long Term Investments	37.7B	5.5B	10.6B	9.8B	10.0B	13.8B

Pair Trading with East West

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

Moving together with East Stock

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Pair Corr

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

The correlation of East West 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 East West moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if East West Bancorp 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 East West 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 East West Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of East West's 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 East West Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on East West Bancorp Stock:

How To Invest In East

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Is East Stock a good investment?

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What is East West's Net Worth?

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in East West Bancorp. 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 labor statistics.

Note that the East West Bancorp information on this page should be used as a complementary analysis to other East West'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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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

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Is East West'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 East West. If investors know East 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 East West 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

(0.29)

Dividend Share

1.92

Earnings Share

8.18

Revenue Per Share

16.734

Quarterly Revenue Growth

0.056

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

Income Tax Expense vs Operating Income

Income Tax Expense vs Operating Income Correlation Analysis

Correlation Coefficient

Income Tax Expense

Operating Income

East West fundamental ratios Correlations

East West Account Relationship Matchups

High Positive Relationship

High Negative Relationship

East West fundamental ratios Accounts

Pair Trading with East West

Moving together with East Stock

Complementary Tools for East Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Short Term Debt	+ 0.99	Short Long Term Debt Total
Non Current Liabilities Total	+ 0.99	Non Current Assets Total
Property Plant And Equipment Gross	+ 0.99	Non Current Liabilities Total
Short Term Debt	+ 0.99	Non Current Liabilities Total

Cash And Short Term Investments	- 0.87	Net Debt
Total Current Assets	- 0.57	Net Debt
Accounts Payable	- 0.54	Other Current Assets
Cash	- 0.54	Net Debt
Long Term Debt	- 0.53	Net Debt
Total Liab	- 0.52	Other Current Assets