Hibbett Operating Income vs Income Tax Expense Analysis

HIBB Stock  USD 75.88  3.27  4.50%   
Hibbett Sports financial indicator trend analysis is much more than just examining Hibbett Sports latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hibbett Sports is a good investment. Please check the relationship between Hibbett Sports 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 Hibbett Sports. 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.
For information on how to trade Hibbett Stock refer to our How to Trade Hibbett 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 Hibbett Sports Operating Income account and Income Tax Expense. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Hibbett Sports' 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 Hibbett Sports, assuming nothing else is changed. The correlation between historical values of Hibbett Sports' 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 Hibbett Sports 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., Hibbett Sports' Operating Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.86
Relationship DirectionPositive 
Relationship StrengthStrong

Operating Income

Operating Income is the amount of profit realized from Hibbett Sports 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 Hibbett Sports 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 Hibbett Sports' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hibbett Sports 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 Hibbett Sports. 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.
For information on how to trade Hibbett Stock refer to our How to Trade Hibbett Stock guide.The current year's Selling General Administrative is expected to grow to about 470.4 M. The current year's Tax Provision is expected to grow to about 31.9 M
 2021 2022 2023 2024 (projected)
Gross Profit646.4M601.9M583.7M612.9M
Total Revenue1.7B1.7B1.7B1.8B

Hibbett Sports fundamental ratios Correlations

0.630.960.670.950.60.950.670.080.950.720.070.910.54-0.760.920.630.39-0.920.960.880.660.580.90.55-0.53
0.630.610.620.550.460.520.470.620.590.370.610.470.44-0.620.590.280.51-0.60.610.370.580.490.510.89-0.43
0.960.610.610.90.720.880.790.050.920.640.040.810.47-0.780.90.660.43-0.920.970.790.660.50.880.51-0.53
0.670.620.610.470.230.670.710.360.480.40.360.550.84-0.540.410.840.54-0.560.510.370.950.90.360.63-0.59
0.950.550.90.470.70.910.49-0.091.00.69-0.110.910.32-0.810.990.450.28-0.940.980.950.420.360.990.45-0.36
0.60.460.720.230.70.520.59-0.250.710.33-0.250.450.06-0.720.730.390.48-0.750.740.490.250.120.690.36-0.13
0.950.520.880.670.910.520.57-0.060.910.65-0.070.950.57-0.740.850.650.38-0.940.890.880.610.610.840.44-0.52
0.670.470.790.710.490.590.570.160.510.370.160.390.61-0.530.480.860.58-0.590.630.310.850.650.430.44-0.59
0.080.620.050.36-0.09-0.25-0.060.16-0.07-0.11.0-0.070.280.08-0.06-0.070.270.12-0.01-0.180.430.28-0.110.58-0.27
0.950.590.920.481.00.710.910.51-0.070.72-0.080.910.33-0.820.990.460.28-0.950.980.940.440.370.980.48-0.37
0.720.370.640.40.690.330.650.37-0.10.72-0.110.60.35-0.480.690.42-0.08-0.590.690.720.350.370.680.35-0.34
0.070.610.040.36-0.11-0.25-0.070.161.0-0.08-0.11-0.080.280.08-0.07-0.070.280.13-0.02-0.20.430.27-0.120.58-0.26
0.910.470.810.550.910.450.950.39-0.070.910.6-0.080.48-0.670.870.470.31-0.890.860.930.470.50.880.39-0.47
0.540.440.470.840.320.060.570.610.280.330.350.280.48-0.220.280.760.48-0.390.370.270.840.990.220.49-0.86
-0.76-0.62-0.78-0.54-0.81-0.72-0.74-0.530.08-0.82-0.480.08-0.67-0.22-0.79-0.52-0.280.88-0.81-0.7-0.46-0.32-0.79-0.450.22
0.920.590.90.410.990.730.850.48-0.060.990.69-0.070.870.28-0.790.390.24-0.910.980.930.380.320.990.48-0.36
0.630.280.660.840.450.390.650.86-0.070.460.42-0.070.470.76-0.520.390.45-0.570.520.360.870.80.360.33-0.57
0.390.510.430.540.280.480.380.580.270.28-0.080.280.310.48-0.280.240.45-0.420.330.050.570.50.180.39-0.34
-0.92-0.6-0.92-0.56-0.94-0.75-0.94-0.590.12-0.95-0.590.13-0.89-0.390.88-0.91-0.57-0.42-0.94-0.85-0.51-0.45-0.9-0.460.42
0.960.610.970.510.980.740.890.63-0.010.980.69-0.020.860.37-0.810.980.520.33-0.940.890.520.410.970.5-0.44
0.880.370.790.370.950.490.880.31-0.180.940.72-0.20.930.27-0.70.930.360.05-0.850.890.30.30.950.29-0.33
0.660.580.660.950.420.250.610.850.430.440.350.430.470.84-0.460.380.870.57-0.510.520.30.880.330.59-0.68
0.580.490.50.90.360.120.610.650.280.370.370.270.50.99-0.320.320.80.5-0.450.410.30.880.260.53-0.83
0.90.510.880.360.990.690.840.43-0.110.980.68-0.120.880.22-0.790.990.360.18-0.90.970.950.330.260.4-0.32
0.550.890.510.630.450.360.440.440.580.480.350.580.390.49-0.450.480.330.39-0.460.50.290.590.530.4-0.39
-0.53-0.43-0.53-0.59-0.36-0.13-0.52-0.59-0.27-0.37-0.34-0.26-0.47-0.860.22-0.36-0.57-0.340.42-0.44-0.33-0.68-0.83-0.32-0.39
Click cells to compare fundamentals

Hibbett Sports Account Relationship Matchups

Hibbett Sports fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets769.8M808.2M703.2M939.2M909.2M954.7M
Other Current Liab40.5M58.5M39.7M24.1M27.8M18.4M
Total Current Liabilities233.7M225.3M194.9M327.8M236.2M248.0M
Total Stockholder Equity329.0M391.0M291.5M376.2M419.0M225.2M
Property Plant And Equipment Net332.4M326.7M391.9M435.1M466.5M489.9M
Net Debt187.9M39.0M266.2M324.6M24.1M25.3M
Retained Earnings784.9M859.0M1.0B1.1B1.2B1.3B
Accounts Payable131.7M107.2M85.6M190.6M96.4M73.9M
Cash66.1M209.3M17.1M16.0M21.2M20.2M
Non Current Assets Total397.2M368.4M426.2M466.1M502.5M527.6M
Non Currrent Assets Other5.0M12.8M3.6M4.4M9.4M9.9M
Cash And Short Term Investments66.1M209.3M17.1M16.0M18.4M17.5M
Net Receivables8.5M11.9M13.6M12.9M16.7M17.6M
Common Stock Total Equity389K390K391K394K453.1K345.6K
Common Stock Shares Outstanding18.0M17.0M15.6M13.3M11.8M21.4M
Liabilities And Stockholders Equity769.8M808.2M703.2M939.2M1.1B1.1B
Non Current Liabilities Total207.1M191.8M216.8M235.2M254.0M266.7M
Inventory288.0M202.0M221.2M420.8M344.3M193.6M
Other Current Assets18.4M28.5M38.7M36.2M9.1M14.1M
Other Stockholder Equity(456.4M)(468.3M)(731.2M)(761.6M)(685.5M)(651.2M)
Total Liab440.8M417.1M411.7M562.9M490.2M514.7M
Property Plant And Equipment Gross332.4M326.7M391.9M435.1M743.1M780.3M
Total Current Assets372.5M439.8M277.0M473.1M406.7M257.7M
Common Stock391K394K396K399K458.9K327.8K
Short Long Term Debt Total253.9M248.3M283.3M340.6M391.7M411.3M
Other Assets12.8M18.2M10.8M7.5M8.6M6.1M
Property Plant Equipment332.4M326.7M391.9M435.1M500.4M525.4M
Current Deferred Revenue2.2M2.3M9.0M3.0M3.5M4.5M
Other Liab14.7M3.1M3.1M4.5M4.0M3.8M
Short Term Debt61.5M59.6M69.5M109.9M126.4M132.8M
Net Tangible Assets276.9M367.5M268.0M352.7M405.6M320.0M
Capital Lease Obligations253.9M248.3M283.3M304.4M319.1M335.0M

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When determining whether Hibbett Sports offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Hibbett Sports' 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 Hibbett Sports Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Hibbett Sports Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hibbett Sports. 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.
For information on how to trade Hibbett Stock refer to our How to Trade Hibbett Stock guide.
Note that the Hibbett Sports information on this page should be used as a complementary analysis to other Hibbett Sports' 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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When running Hibbett Sports' price analysis, check to measure Hibbett Sports' 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 Hibbett Sports is operating at the current time. Most of Hibbett Sports' value examination focuses on studying past and present price action to predict the probability of Hibbett Sports' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hibbett Sports' price. Additionally, you may evaluate how the addition of Hibbett Sports to your portfolios can decrease your overall portfolio volatility.
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Is Hibbett Sports' 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 Hibbett Sports. If investors know Hibbett 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 Hibbett Sports 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
(0.13)
Dividend Share
1
Earnings Share
8.17
Revenue Per Share
139.832
Quarterly Revenue Growth
0.018
The market value of Hibbett Sports is measured differently than its book value, which is the value of Hibbett that is recorded on the company's balance sheet. Investors also form their own opinion of Hibbett Sports' value that differs from its market value or its book value, called intrinsic value, which is Hibbett Sports' 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 Hibbett Sports' market value can be influenced by many factors that don't directly affect Hibbett Sports' 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 Hibbett Sports' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hibbett Sports is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hibbett Sports' 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.