Parker Extraordinary Items vs Operating Income Analysis

PH Stock

USD 549.40 1.63 0.30%

Parker Hannifin financial indicator trend analysis is much more than just breaking down Parker Hannifin prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Parker Hannifin is a good investment. Please check the relationship between Parker Hannifin Extraordinary Items and its Operating Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parker Hannifin. 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 detail on how to invest in Parker Stock please use our How to Invest in Parker Hannifin guide.

Extraordinary Items vs Operating Income

Extraordinary Items vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Parker Hannifin Extraordinary Items account and Operating Income. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Parker Hannifin's Extraordinary Items and Operating Income is 0.49. Overlapping area represents the amount of variation of Extraordinary Items that can explain the historical movement of Operating Income in the same time period over historical financial statements of Parker Hannifin, assuming nothing else is changed. The correlation between historical values of Parker Hannifin's Extraordinary Items 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 Extraordinary Items of Parker Hannifin 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 Extraordinary Items i.e., Parker Hannifin's Extraordinary Items and Operating Income go up and down completely randomly.

Correlation Coefficient

0.49

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Extraordinary Items

Operating Income

Operating Income is the amount of profit realized from Parker Hannifin 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 Parker Hannifin 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 Parker Hannifin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Parker Hannifin 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parker Hannifin. 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 detail on how to invest in Parker Stock please use our How to Invest in Parker Hannifin guide.As of now, Parker Hannifin's Selling General Administrative is increasing as compared to previous years. The Parker Hannifin's current Enterprise Value is estimated to increase to about 58.7 B, while Tax Provision is projected to decrease to under 468.6 M.

	2021	2022	2023	2024 (projected)
Gross Profit	4.5B	6.4B	7.4B	7.8B
Total Revenue	15.9B	19.1B	21.9B	23.0B

Gross Profit Total Revenue

Parker Hannifin 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	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock
Total Assets		0.98	0.91	0.96	0.97	0.96	0.96	0.97	-0.19	0.98	0.15	-0.26	0.95	-0.84	0.97	0.99	0.25	-0.79	0.99	0.73	0.88	0.94	0.96	0.94	0.57	0.57
Short Long Term Debt Total	0.98		0.87	0.93	0.91	0.9	0.99	0.93	-0.24	0.96	0.03	-0.33	0.87	-0.88	0.98	0.95	0.31	-0.81	0.99	0.71	0.87	0.92	0.89	0.93	0.45	0.45
Other Current Liab	0.91	0.87		0.87	0.91	0.84	0.86	0.89	-0.19	0.82	0.25	-0.24	0.9	-0.7	0.86	0.87	0.59	-0.73	0.89	0.9	0.73	0.75	0.89	0.87	0.6	0.6
Total Current Liabilities	0.96	0.93	0.87		0.95	0.93	0.92	0.88	-0.23	0.95	0.07	-0.3	0.91	-0.71	0.87	0.97	0.22	-0.62	0.95	0.68	0.97	0.95	0.93	0.98	0.5	0.5
Total Stockholder Equity	0.97	0.91	0.91	0.95		0.97	0.89	0.95	-0.15	0.95	0.2	-0.21	0.97	-0.75	0.9	0.98	0.22	-0.72	0.95	0.74	0.85	0.9	0.98	0.91	0.62	0.62
Property Plant And Equipment Net	0.96	0.9	0.84	0.93	0.97		0.89	0.95	-0.18	0.97	0.22	-0.24	0.95	-0.77	0.91	0.98	0.06	-0.72	0.95	0.62	0.86	0.93	0.96	0.87	0.66	0.66
Net Debt	0.96	0.99	0.86	0.92	0.89	0.89		0.9	-0.38	0.95	-0.01	-0.46	0.83	-0.86	0.96	0.94	0.32	-0.77	0.98	0.65	0.87	0.93	0.86	0.94	0.39	0.39
Retained Earnings	0.97	0.93	0.89	0.88	0.95	0.95	0.9		-0.09	0.94	0.3	-0.14	0.96	-0.88	0.97	0.95	0.23	-0.88	0.96	0.75	0.76	0.86	0.95	0.84	0.68	0.68
Cash	-0.19	-0.24	-0.19	-0.23	-0.15	-0.18	-0.38	-0.09		-0.28	0.23	0.95	-0.01	0.13	-0.18	-0.22	-0.17	-0.01	-0.21	0.16	-0.28	-0.35	-0.09	-0.36	0.28	0.28
Non Current Assets Total	0.98	0.96	0.82	0.95	0.95	0.97	0.95	0.94	-0.28		0.08	-0.35	0.9	-0.83	0.94	0.99	0.09	-0.74	0.98	0.58	0.9	0.98	0.93	0.92	0.51	0.51
Non Currrent Assets Other	0.15	0.03	0.25	0.07	0.2	0.22	-0.01	0.3	0.23	0.08		0.41	0.3	-0.22	0.15	0.11	0.05	-0.37	0.13	0.32	-0.06	-0.02	0.23	0.01	0.75	0.75
Cash And Short Term Investments	-0.26	-0.33	-0.24	-0.3	-0.21	-0.24	-0.46	-0.14	0.95	-0.35	0.41		-0.07	0.19	-0.26	-0.3	-0.19	0.04	-0.28	0.11	-0.34	-0.41	-0.16	-0.41	0.27	0.27
Net Receivables	0.95	0.87	0.9	0.91	0.97	0.95	0.83	0.96	-0.01	0.9	0.3	-0.07		-0.75	0.88	0.94	0.21	-0.76	0.92	0.78	0.79	0.83	0.99	0.84	0.74	0.74
Common Stock Shares Outstanding	-0.84	-0.88	-0.7	-0.71	-0.75	-0.77	-0.86	-0.88	0.13	-0.83	-0.22	0.19	-0.75		-0.92	-0.8	-0.19	0.91	-0.87	-0.58	-0.62	-0.76	-0.76	-0.7	-0.52	-0.52
Non Current Liabilities Total	0.97	0.98	0.86	0.87	0.9	0.91	0.96	0.97	-0.18	0.94	0.15	-0.26	0.88	-0.92		0.94	0.27	-0.89	0.98	0.71	0.77	0.88	0.89	0.86	0.54	0.54
Inventory	0.99	0.95	0.87	0.97	0.98	0.98	0.94	0.95	-0.22	0.99	0.11	-0.3	0.94	-0.8	0.94		0.16	-0.73	0.98	0.66	0.9	0.96	0.97	0.94	0.56	0.56
Other Current Assets	0.25	0.31	0.59	0.22	0.22	0.06	0.32	0.23	-0.17	0.09	0.05	-0.19	0.21	-0.19	0.27	0.16		-0.29	0.26	0.71	0.1	0.02	0.19	0.32	0.08	0.08
Other Stockholder Equity	-0.79	-0.81	-0.73	-0.62	-0.72	-0.72	-0.77	-0.88	-0.01	-0.74	-0.37	0.04	-0.76	0.91	-0.89	-0.73	-0.29		-0.81	-0.69	-0.47	-0.62	-0.74	-0.6	-0.62	-0.62
Total Liab	0.99	0.99	0.89	0.95	0.95	0.95	0.98	0.96	-0.21	0.98	0.13	-0.28	0.92	-0.87	0.98	0.98	0.26	-0.81		0.72	0.87	0.94	0.93	0.94	0.54	0.54
Total Current Assets	0.73	0.71	0.9	0.68	0.74	0.62	0.65	0.75	0.16	0.58	0.32	0.11	0.78	-0.58	0.71	0.66	0.71	-0.69	0.72		0.52	0.48	0.73	0.67	0.6	0.6
Short Term Debt	0.88	0.87	0.73	0.97	0.85	0.86	0.87	0.76	-0.28	0.9	-0.06	-0.34	0.79	-0.62	0.77	0.9	0.1	-0.47	0.87	0.52		0.94	0.83	0.95	0.35	0.35
Intangible Assets	0.94	0.92	0.75	0.95	0.9	0.93	0.93	0.86	-0.35	0.98	-0.02	-0.41	0.83	-0.76	0.88	0.96	0.02	-0.62	0.94	0.48	0.94		0.88	0.94	0.39	0.39
Accounts Payable	0.96	0.89	0.89	0.93	0.98	0.96	0.86	0.95	-0.09	0.93	0.23	-0.16	0.99	-0.76	0.89	0.97	0.19	-0.74	0.93	0.73	0.83	0.88		0.88	0.67	0.67
Property Plant And Equipment Gross	0.94	0.93	0.87	0.98	0.91	0.87	0.94	0.84	-0.36	0.92	0.01	-0.41	0.84	-0.7	0.86	0.94	0.32	-0.6	0.94	0.67	0.95	0.94	0.88		0.38	0.38
Common Stock Total Equity	0.57	0.45	0.6	0.5	0.62	0.66	0.39	0.68	0.28	0.51	0.75	0.27	0.74	-0.52	0.54	0.56	0.08	-0.62	0.54	0.6	0.35	0.39	0.67	0.38		1.0
Common Stock	0.57	0.45	0.6	0.5	0.62	0.66	0.39	0.68	0.28	0.51	0.75	0.27	0.74	-0.52	0.54	0.56	0.08	-0.62	0.54	0.6	0.35	0.39	0.67	0.38	1.0

Click cells to compare fundamentals

Parker Hannifin Account Relationship Matchups

Parker Hannifin fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	19.7B	20.3B	25.9B	30.0B	34.5B	36.2B
Short Long Term Debt Total	8.5B	6.6B	11.5B	12.6B	14.4B	15.2B
Other Current Liab	1.2B	1.4B	2.3B	1.7B	1.9B	2.0B
Total Current Liabilities	3.1B	3.1B	5.9B	7.7B	8.9B	9.3B
Total Stockholder Equity	6.1B	8.4B	8.8B	10.3B	11.9B	12.5B
Property Plant And Equipment Net	2.3B	2.3B	2.1B	2.9B	3.3B	3.5B
Net Debt	7.8B	5.9B	10.9B	12.1B	13.9B	14.6B
Retained Earnings	13.5B	14.9B	15.7B	17.0B	19.6B	20.6B
Cash	685.5M	733.1M	535.8M	475.2M	546.5M	513.4M
Non Current Assets Total	14.9B	14.7B	13.9B	23.1B	26.6B	27.9B
Cash And Short Term Investments	756.3M	772.2M	563.7M	483.6M	556.1M	587.4M
Net Receivables	2.1B	2.5B	2.9B	3.1B	3.6B	3.8B
Common Stock Shares Outstanding	129.8M	130.8M	130.4M	129.8M	116.8M	126.9M
Liabilities And Stockholders Equity	19.7B	20.3B	25.9B	30.0B	34.5B	36.2B
Non Current Liabilities Total	10.5B	8.8B	11.2B	11.9B	13.7B	14.4B
Inventory	1.8B	2.1B	2.2B	2.9B	3.3B	3.5B
Other Current Assets	215.0M	244.0M	6.9B	306.3M	352.3M	367.8M
Other Stockholder Equity	(4.9B)	(5.0B)	(5.4B)	(5.5B)	(5.0B)	(4.7B)
Total Liab	13.6B	11.9B	17.1B	19.6B	22.6B	23.7B
Total Current Assets	4.9B	5.6B	12.0B	6.8B	7.9B	8.3B
Short Term Debt	809.5M	2.8M	1.7B	3.8B	4.3B	4.5B
Intangible Assets	3.8B	3.5B	3.1B	8.5B	9.7B	10.2B
Accounts Payable	1.1B	1.7B	1.7B	2.1B	2.4B	2.5B
Property Plant And Equipment Gross	2.3B	2.3B	5.9B	6.9B	7.9B	8.3B
Accumulated Other Comprehensive Income	(2.6B)	(1.6B)	(1.5B)	(1.3B)	(1.2B)	(1.2B)
Other Liab	2.7B	2.2B	1.5B	2.8B	3.2B	1.7B
Other Assets	128.3M	104.3M	110.6M	1.2B	1.1B	1.1B
Long Term Debt	7.7B	6.6B	9.8B	8.8B	10.1B	10.6B
Good Will	7.9B	8.1B	7.7B	10.6B	12.2B	12.8B
Treasury Stock	(4.6B)	(5.3B)	(5.4B)	(5.4B)	(4.8B)	(4.6B)
Property Plant Equipment	2.4B	2.3B	2.1B	2.9B	3.3B	2.0B
Net Tangible Assets	(5.6B)	(3.2B)	(2.0B)	10.3B	9.3B	9.8B
Noncontrolling Interest In Consolidated Entity	14.5M	15.4M	11.9M	11.4M	10.3M	16.3M
Retained Earnings Total Equity	13.5B	14.9B	15.7B	17.0B	19.6B	11.5B
Short Term Investments	70.8M	39.1M	27.9M	8.4M	7.6M	7.2M
Long Term Debt Total	7.7B	6.6B	9.8B	8.8B	10.1B	5.1B

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When determining whether Parker Hannifin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Parker Hannifin'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 Parker Hannifin Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Parker Hannifin Stock:

How To Invest In Parker

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Is Parker Stock a good investment?

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What is Parker Hannifin's Net Worth?

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Largest Industrial Machinery & Supplies & Components Companies

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parker Hannifin. 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 detail on how to invest in Parker Stock please use our How to Invest in Parker Hannifin guide.

Note that the Parker Hannifin information on this page should be used as a complementary analysis to other Parker Hannifin'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 Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Complementary Tools for Parker Stock analysis

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

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Is Parker Hannifin'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 Parker Hannifin. If investors know Parker 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 Parker Hannifin 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

0.225

Dividend Share

5.92

Earnings Share

21.27

Revenue Per Share

154.435

Quarterly Revenue Growth

0.003

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

Extraordinary Items vs Operating Income

Extraordinary Items vs Operating Income Correlation Analysis

Correlation Coefficient

Extraordinary Items

Operating Income

Parker Hannifin fundamental ratios Correlations

Parker Hannifin Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Parker Hannifin fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Total Equity
Inventory	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Short Long Term Debt Total
Inventory	+ 0.99	Non Current Assets Total

Non Current Liabilities Total	- 0.92	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.89	Non Current Liabilities Total
Other Stockholder Equity	- 0.88	Retained Earnings
Common Stock Shares Outstanding	- 0.88	Retained Earnings
Common Stock Shares Outstanding	- 0.88	Short Long Term Debt Total
Total Liab	- 0.87	Common Stock Shares Outstanding