L3Harris Income Before Tax vs Operating Income Analysis
LHX Stock | USD 211.34 0.41 0.19% |
L3Harris Technologies financial indicator trend analysis is infinitely more than just investigating L3Harris Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether L3Harris Technologies is a good investment. Please check the relationship between L3Harris Technologies Income Before Tax and its Operating Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in L3Harris Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For more information on how to buy L3Harris Stock please use our How to Invest in L3Harris Technologies guide.
Income Before Tax vs Operating Income
Income Before Tax vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of L3Harris Technologies Income Before Tax account and Operating Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between L3Harris Technologies' Income Before Tax and Operating Income is 0.73. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Operating Income in the same time period over historical financial statements of L3Harris Technologies, assuming nothing else is changed. The correlation between historical values of L3Harris Technologies' Income Before Tax 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 Before Tax of L3Harris Technologies 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 Before Tax i.e., L3Harris Technologies' Income Before Tax and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.73 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on L3Harris Technologies income statement and is an important metric when analyzing L3Harris Technologies profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Operating Income
Operating Income is the amount of profit realized from L3Harris Technologies 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 L3Harris Technologies 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 L3Harris Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into L3Harris Technologies 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in L3Harris Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For more information on how to buy L3Harris Stock please use our How to Invest in L3Harris Technologies guide.At this time, L3Harris Technologies' Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 256.3 M in 2024, whereas Discontinued Operations is likely to drop (1.2 M) in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 5.4B | 4.9B | 5.7B | 5.9B | Total Revenue | 17.8B | 17.1B | 19.6B | 20.6B |
L3Harris Technologies fundamental ratios Correlations
Click cells to compare fundamentals
L3Harris Technologies Account Relationship Matchups
L3Harris Technologies fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 38.3B | 37.0B | 34.7B | 33.5B | 38.6B | 40.5B | |
Short Long Term Debt Total | 7.9B | 7.7B | 7.8B | 7.8B | 9.0B | 9.4B | |
Other Current Liab | 1.1B | 1.6B | 1.5B | 1.6B | 1.9B | 1.9B | |
Total Current Liabilities | 4.0B | 4.2B | 4.6B | 5.8B | 6.6B | 7.0B | |
Total Stockholder Equity | 22.6B | 20.7B | 19.2B | 18.5B | 21.3B | 22.4B | |
Property Plant And Equipment Net | 3.0B | 2.9B | 2.9B | 2.9B | 3.3B | 3.5B | |
Net Debt | 7.0B | 6.4B | 6.9B | 6.9B | 7.9B | 8.3B | |
Retained Earnings | 2.2B | 2.3B | 2.9B | 2.9B | 3.4B | 3.6B | |
Cash | 824M | 1.3B | 941M | 880M | 1.0B | 1.1B | |
Non Current Assets Total | 32.0B | 30.3B | 28.4B | 26.8B | 30.8B | 32.3B | |
Non Currrent Assets Other | 507M | 519M | 565M | 552M | 634.8M | 403.5M | |
Cash And Short Term Investments | 824M | 1.3B | 941M | 880M | 1.0B | 1.1B | |
Net Receivables | 3.9B | 4.1B | 4.2B | 4.3B | 4.9B | 5.2B | |
Common Stock Shares Outstanding | 223.7M | 215.9M | 203.2M | 193.5M | 174.2M | 118.3M | |
Liabilities And Stockholders Equity | 38.3B | 37.0B | 34.7B | 33.5B | 38.6B | 40.5B | |
Non Current Liabilities Total | 11.6B | 11.9B | 10.8B | 9.1B | 10.5B | 11.0B | |
Inventory | 1.2B | 973M | 982M | 1.3B | 1.5B | 1.6B | |
Other Current Assets | 392M | 246M | 272M | 258M | 296.7M | 168.7M | |
Other Stockholder Equity | 20.7B | 19.0B | 16.2B | 15.7B | 18.0B | 18.9B | |
Total Liab | 15.6B | 16.1B | 15.4B | 14.9B | 17.1B | 18.0B | |
Total Current Assets | 6.3B | 6.7B | 6.4B | 6.8B | 7.8B | 8.2B | |
Short Term Debt | 389M | 10M | 13M | 820M | 943M | 990.2M | |
Intangible Assets | 8.5B | 7.9B | 6.6B | 6.0B | 6.9B | 7.2B | |
Accounts Payable | 1.3B | 1.4B | 1.8B | 1.9B | 2.2B | 2.3B | |
Property Plant And Equipment Gross | 3.0B | 2.9B | 2.9B | 5.1B | 5.9B | 6.1B | |
Accumulated Other Comprehensive Income | (508M) | (839M) | (146M) | (288M) | (331.2M) | (347.8M) | |
Common Stock Total Equity | 118M | 119M | 218M | 208M | 239.2M | 123.3M | |
Common Stock | 218M | 208M | 194M | 191M | 219.7M | 132.5M | |
Good Will | 20.0B | 18.9B | 18.2B | 17.3B | 19.9B | 20.9B | |
Current Deferred Revenue | 1.2B | 1.2B | 1.3B | 1.4B | 1.6B | 1.7B | |
Net Tangible Assets | (2.8B) | (5.9B) | (6.1B) | (5.6B) | (5.1B) | (4.8B) | |
Long Term Debt Total | 2.8B | 6.7B | 6.9B | 7.0B | 8.1B | 8.5B | |
Capital Surpluse | 1.8B | 20.7B | 19.0B | 16.2B | 18.7B | 19.6B | |
Deferred Long Term Liab | 12M | 48M | 1.2B | 26M | 29.9M | 28.4M | |
Property Plant Equipment | 894M | 3.0B | 2.1B | 2.9B | 3.3B | 3.5B | |
Other Liab | 1.7B | 4.1B | 5.4B | 3.0B | 3.5B | 3.1B |
L3Harris Technologies Investors Sentiment
The influence of L3Harris Technologies' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in L3Harris. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to L3Harris Technologies' public news can be used to forecast risks associated with an investment in L3Harris. The trend in average sentiment can be used to explain how an investor holding L3Harris can time the market purely based on public headlines and social activities around L3Harris Technologies. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
L3Harris Technologies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for L3Harris Technologies' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average L3Harris Technologies' news discussions. The higher the estimated score, the more favorable is the investor's outlook on L3Harris Technologies.
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 L3Harris Technologies 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, L3Harris Technologies' short interest history, or implied volatility extrapolated from L3Harris Technologies options trading.
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in L3Harris Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For more information on how to buy L3Harris Stock please use our How to Invest in L3Harris Technologies guide.Note that the L3Harris Technologies information on this page should be used as a complementary analysis to other L3Harris Technologies' 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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
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Is L3Harris Technologies' 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 L3Harris Technologies. If investors know L3Harris 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 L3Harris Technologies 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 (0.16) | Dividend Share 4.58 | Earnings Share 6.16 | Revenue Per Share 106.38 | Quarterly Revenue Growth 0.166 |
The market value of L3Harris Technologies is measured differently than its book value, which is the value of L3Harris that is recorded on the company's balance sheet. Investors also form their own opinion of L3Harris Technologies' value that differs from its market value or its book value, called intrinsic value, which is L3Harris Technologies' 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 L3Harris Technologies' market value can be influenced by many factors that don't directly affect L3Harris Technologies' 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 L3Harris Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if L3Harris Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, L3Harris Technologies' 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.