GoHealth Operating Income vs Income Tax Expense Analysis
GOCO Stock | USD 10.41 0.50 5.05% |
GoHealth financial indicator trend analysis is much more than just examining GoHealth latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GoHealth is a good investment. Please check the relationship between GoHealth Operating Income and its Income Tax Expense accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoHealth. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in GoHealth Stock, please use our How to Invest in GoHealth 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 GoHealth Operating Income account and Income Tax Expense. At this time, the significance of the direction appears to have pay attention.
The correlation between GoHealth's Operating Income and Income Tax Expense is -0.86. 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 GoHealth, assuming nothing else is changed. The correlation between historical values of GoHealth'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 GoHealth 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., GoHealth's Operating Income and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | -0.86 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Operating Income
Operating Income is the amount of profit realized from GoHealth 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 GoHealth 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 GoHealth's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GoHealth 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoHealth. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in GoHealth Stock, please use our How to Invest in GoHealth guide.At this time, GoHealth's Selling General Administrative is very stable compared to the past year. As of the 18th of April 2024, Sales General And Administrative To Revenue is likely to grow to 0.20, while Tax Provision is likely to drop about 63.6 K.
2023 | 2024 (projected) | Depreciation And Amortization | 105.7M | 84.0M | Interest Income | 9.4M | 9.9M |
GoHealth fundamental ratios Correlations
Click cells to compare fundamentals
GoHealth Account Relationship Matchups
High Positive Relationship
High Negative Relationship
GoHealth fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.6B | 2.1B | 2.1B | 1.7B | 1.5B | 1.7B | |
Short Long Term Debt Total | 291.7M | 400.6M | 696.3M | 557.4M | 592.4M | 466.3M | |
Other Current Liab | 25.3M | 35.3M | 61.1M | 63.4M | 85.6M | 52.0M | |
Total Current Liabilities | 113.1M | 127.4M | 217.1M | 265.5M | 370.0M | 209.2M | |
Total Stockholder Equity | 860.1M | 378.8M | 353.1M | 318.1M | 231.0M | 358.3M | |
Other Liab | 340.9M | 185.8M | 274.4M | 259.0M | 233.1M | 214.6M | |
Net Tangible Assets | (309.2M) | (694.9M) | (241.6M) | (182.6M) | (209.9M) | (220.4M) | |
Property Plant And Equipment Net | 6.3M | 17.4M | 47.7M | 46.8M | 48.8M | 32.8M | |
Current Deferred Revenue | 15.2M | 736K | 536K | 50.6M | 67.2M | 70.6M | |
Net Debt | 279.4M | 256.3M | 611.9M | 541.0M | 501.5M | 402.4M | |
Retained Earnings | (312.6M) | (18.8M) | (208.3M) | (357.0M) | (420.3M) | (399.3M) | |
Accounts Payable | 69.6M | 87.2M | 144.0M | 137.2M | 136.4M | 110.6M | |
Cash | 12.3M | 144.2M | 84.4M | 16.5M | 90.8M | 63.9M | |
Non Current Assets Total | 1.5B | 1.7B | 1.6B | 1.2B | 1.0B | 1.3B | |
Non Currrent Assets Other | 282.9M | 624.3M | 997.5M | 697.4M | 577.7M | 597.1M | |
Other Assets | 282.9M | 624.3M | 997.5M | 697.4M | 802.0M | 589.4M | |
Cash And Short Term Investments | 12.3M | 144.2M | 84.4M | 16.5M | 90.8M | 63.9M | |
Net Receivables | 125.5M | 218.4M | 285.9M | 340.5M | 911.9M | 957.5M | |
Common Stock Shares Outstanding | 5.6M | 5.6M | 7.1M | 8.4M | 9.3M | 7.6M | |
Long Term Debt Total | 288.7M | 396.4M | 665.1M | 504.8M | 580.5M | 408.1M | |
Liabilities And Stockholders Equity | 1.6B | 2.1B | 2.1B | 1.7B | 1.5B | 1.7B | |
Non Current Liabilities Total | 629.1M | 582.3M | 959.3M | 802.1M | 674.6M | 720.3M | |
Capital Lease Obligations | 421K | 396.4M | 25.9M | 47.3M | 45.3M | 68.7M | |
Other Current Assets | 6.0M | 29.2M | 58.7M | 57.6M | (1.0B) | (952.6M) | |
Other Stockholder Equity | 312.6M | 397.5M | 561.4M | 625.9M | 602.1M | 461.9M | |
Total Liab | 742.2M | 709.6M | 1.2B | 1.1B | 1.1B | 938.5M | |
Net Invested Capital | 603.8M | 781.0M | 1.0B | 778.8M | 728.7M | 684.6M | |
Total Current Assets | 143.8M | 391.8M | 429.0M | 414.6M | 476.4M | 350.1M | |
Accumulated Other Comprehensive Income | (17K) | (18.8M) | (208.4M) | (144K) | (127K) | (133.4K) | |
Non Current Liabilities Other | 242.7M | 3.3M | 294.2M | 297.3M | 9.1M | 8.6M | |
Net Working Capital | 30.7M | 264.5M | 211.9M | 149.1M | 106.4M | 140.9M | |
Short Term Debt | 3M | 4.2M | 11.4M | 14.2M | 80.8M | 84.8M | |
Property Plant Equipment | 6.3M | 17.4M | 47.7M | 46.8M | 53.8M | 28.6M |
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 GoHealth 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, GoHealth's short interest history, or implied volatility extrapolated from GoHealth options trading.
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Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoHealth. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in GoHealth Stock, please use our How to Invest in GoHealth guide.Note that the GoHealth information on this page should be used as a complementary analysis to other GoHealth'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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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When running GoHealth's price analysis, check to measure GoHealth'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 GoHealth is operating at the current time. Most of GoHealth's value examination focuses on studying past and present price action to predict the probability of GoHealth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GoHealth's price. Additionally, you may evaluate how the addition of GoHealth to your portfolios can decrease your overall portfolio volatility.
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Is GoHealth'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 GoHealth. If investors know GoHealth 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 GoHealth 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 4.241 | Earnings Share (7.19) | Revenue Per Share 79.065 | Quarterly Revenue Growth 2.988 | Return On Assets (0.03) |
The market value of GoHealth is measured differently than its book value, which is the value of GoHealth that is recorded on the company's balance sheet. Investors also form their own opinion of GoHealth's value that differs from its market value or its book value, called intrinsic value, which is GoHealth'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 GoHealth's market value can be influenced by many factors that don't directly affect GoHealth'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 GoHealth's value and its price as these two are different measures arrived at by different means. Investors typically determine if GoHealth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoHealth'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.