STERIS Gross Profit vs Income Tax Expense Analysis
STE Stock | USD 226.81 3.79 1.64% |
STERIS Plc financial indicator trend analysis is much more than just breaking down STERIS plc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether STERIS plc is a good investment. Please check the relationship between STERIS Plc Gross Profit and its Income Tax Expense accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in STERIS plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For information on how to trade STERIS Stock refer to our How to Trade STERIS Stock guide.
Gross Profit vs Income Tax Expense
Gross Profit vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of STERIS plc Gross Profit account and Income Tax Expense. At this time, the significance of the direction appears to have strong relationship.
The correlation between STERIS Plc's Gross Profit and Income Tax Expense is 0.73. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of STERIS plc, assuming nothing else is changed. The correlation between historical values of STERIS Plc's Gross Profit 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 Gross Profit of STERIS plc 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 Gross Profit i.e., STERIS Plc's Gross Profit and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | 0.73 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of STERIS plc minus its cost of goods sold. It is profit before STERIS Plc operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Income Tax Expense
Most indicators from STERIS Plc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into STERIS plc 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 World Market Map to better understand how to build diversified portfolios, which includes a position in STERIS plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For information on how to trade STERIS Stock refer to our How to Trade STERIS Stock guide.At present, STERIS Plc's Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 22.46, whereas Sales General And Administrative To Revenue is forecasted to decline to 0.20.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 4.6B | 5.0B | 5.1B | 5.4B | Depreciation And Amortization | 553.1M | 982.1M | 266.4M | 279.7M |
STERIS Plc fundamental ratios Correlations
Click cells to compare fundamentals
STERIS Plc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
STERIS Plc fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.4B | 6.6B | 11.5B | 10.8B | 11.1B | 11.6B | |
Short Long Term Debt Total | 1.2B | 1.7B | 3.1B | 3.0B | 3.1B | 3.3B | |
Other Current Liab | 281.2M | 335.7M | 406.3M | 395.0M | 687.5M | 721.9M | |
Total Current Liabilities | 503.6M | 577.9M | 922.2M | 861.8M | 939.3M | 986.2M | |
Total Stockholder Equity | 3.4B | 3.9B | 6.5B | 6.1B | 6.3B | 6.6B | |
Property Plant And Equipment Net | 1.2B | 1.4B | 1.7B | 1.9B | 1.9B | 2.0B | |
Net Debt | 830.9M | 1.4B | 2.8B | 2.8B | 2.9B | 3.1B | |
Retained Earnings | 1.6B | 1.9B | 2.0B | 1.9B | 2.2B | 2.3B | |
Accounts Payable | 149.3M | 157.0M | 225.7M | 279.6M | 251.7M | 264.3M | |
Cash | 319.6M | 220.5M | 348.3M | 208.4M | 207.0M | 126.3M | |
Non Current Assets Total | 4.2B | 5.4B | 9.6B | 8.8B | 8.2B | 8.6B | |
Cash And Short Term Investments | 319.6M | 220.5M | 348.3M | 208.4M | 207.0M | 126.3M | |
Net Receivables | 586.5M | 609.4M | 799.0M | 928.3M | 1.0B | 1.1B | |
Common Stock Shares Outstanding | 85.6M | 85.9M | 98.3M | 100.2M | 99.4M | 73.9M | |
Liabilities And Stockholders Equity | 5.4B | 6.6B | 11.5B | 10.8B | 11.1B | 11.6B | |
Non Current Liabilities Total | 1.5B | 2.1B | 4.0B | 3.9B | 3.8B | 4.0B | |
Inventory | 248.3M | 315.1M | 575.0M | 695.5M | 674.5M | 708.3M | |
Other Current Assets | 54.4M | 66.8M | 156.6M | 179.3M | 985.7M | 1.0B | |
Other Stockholder Equity | 12.8M | 10.5M | 12.3M | 10.0M | 9.0M | 8.5M | |
Total Liab | 2.0B | 2.7B | 4.9B | 4.7B | 4.8B | 5.0B | |
Total Current Assets | 1.2B | 1.2B | 1.9B | 2.0B | 2.9B | 3.0B | |
Short Term Debt | 19.8M | 22.8M | 179.3M | 95.0M | 109.2M | 114.7M | |
Intangible Assets | 565.5M | 898.4M | 3.3B | 3.0B | 2.1B | 2.2B | |
Non Currrent Assets Other | 51.6M | 52.7M | 70.7M | 78.1M | 67.9M | 71.3M | |
Accumulated Other Comprehensive Income | (235.5M) | (61.2M) | (209.8M) | (320.7M) | (288.6M) | (274.2M) | |
Common Stock | 2.0B | 2.0B | 4.7B | 4.5B | 6.3B | 6.6B | |
Other Liab | 250.6M | 454.5M | 1.0B | 693.7M | 797.7M | 837.6M | |
Other Assets | 51.6M | 52.7M | 70.7M | 78.1M | 1.0 | 0.95 | |
Long Term Debt | 1.2B | 1.7B | 2.9B | 3.0B | 3.5B | 3.6B | |
Good Will | 2.4B | 3.0B | 4.4B | 3.9B | 4.1B | 4.3B | |
Property Plant Equipment | 1.2B | 1.2B | 1.7B | 1.7B | 2.0B | 2.1B | |
Current Deferred Revenue | 53.3M | 62.5M | 110.8M | 92.3M | 83.1M | 69.7M | |
Common Stock Total Equity | 2.0B | 2.0B | 2.0B | 4.5B | 5.2B | 5.4B | |
Property Plant And Equipment Gross | 1.2B | 1.4B | 1.7B | 1.7B | 2.0B | 2.1B | |
Net Tangible Assets | 472.3M | 854.9M | (1.2B) | 2.2B | 2.5B | 2.7B | |
Long Term Debt Total | 1.2B | 1.7B | 2.9B | 3.0B | 3.5B | 1.8B | |
Deferred Long Term Liab | 151.0M | 160.3M | 236.9M | 617.5M | 710.2M | 745.7M |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.MSFT | Microsoft | |
GM | General Motors | |
CRM | Salesforce |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in STERIS plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For information on how to trade STERIS Stock refer to our How to Trade STERIS Stock guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Complementary Tools for STERIS Stock analysis
When running STERIS Plc's price analysis, check to measure STERIS Plc'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 STERIS Plc is operating at the current time. Most of STERIS Plc's value examination focuses on studying past and present price action to predict the probability of STERIS Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move STERIS Plc's price. Additionally, you may evaluate how the addition of STERIS Plc to your portfolios can decrease your overall portfolio volatility.
Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
Transaction History View history of all your transactions and understand their impact on performance | |
AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments |
Is STERIS Plc'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 STERIS Plc. If investors know STERIS 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 STERIS Plc 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 0.145 | Dividend Share 2.03 | Earnings Share 5.55 | Revenue Per Share 52.018 | Quarterly Revenue Growth 0.025 |
The market value of STERIS plc is measured differently than its book value, which is the value of STERIS that is recorded on the company's balance sheet. Investors also form their own opinion of STERIS Plc's value that differs from its market value or its book value, called intrinsic value, which is STERIS Plc'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 STERIS Plc's market value can be influenced by many factors that don't directly affect STERIS Plc'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 STERIS Plc's value and its price as these two are different measures arrived at by different means. Investors typically determine if STERIS Plc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, STERIS Plc'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.