Textron Non Operating Income Net Other vs Income Before Tax Analysis
TXT Stock | USD 89.17 1.69 1.93% |
Textron financial indicator trend analysis is much more than just breaking down Textron prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Textron is a good investment. Please check the relationship between Textron Non Operating Income Net Other and its Income Before Tax accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Textron. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy Textron Stock please use our How to Invest in Textron guide.
Non Operating Income Net Other vs Income Before Tax
Non Operating Income Net Other vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Textron Non Operating Income Net Other account and Income Before Tax. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Textron's Non Operating Income Net Other and Income Before Tax is -0.07. Overlapping area represents the amount of variation of Non Operating Income Net Other that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Textron, assuming nothing else is changed. The correlation between historical values of Textron's Non Operating Income Net Other and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Operating Income Net Other of Textron are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Non Operating Income Net Other i.e., Textron's Non Operating Income Net Other and Income Before Tax go up and down completely randomly.
Correlation Coefficient | -0.07 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Non Operating Income Net Other
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Textron income statement and is an important metric when analyzing Textron 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.Most indicators from Textron's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Textron 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 Textron. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy Textron Stock please use our How to Invest in Textron guide.Selling General Administrative is likely to gain to about 1.4 B in 2024, despite the fact that Discontinued Operations is likely to grow to (855 K).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.1B | 2.1B | 2.3B | 2.1B | Total Revenue | 12.4B | 12.9B | 13.7B | 11.8B |
Textron fundamental ratios Correlations
Click cells to compare fundamentals
Textron Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Textron fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 15.0B | 15.4B | 15.8B | 16.3B | 16.9B | 17.0B | |
Short Long Term Debt Total | 3.1B | 3.7B | 3.2B | 3.2B | 3.9B | 4.5B | |
Other Current Liab | 1.2B | 1.2B | 1.2B | 1.2B | 1.4B | 1.2B | |
Total Current Liabilities | 3.8B | 3.3B | 3.1B | 3.7B | 4.4B | 3.3B | |
Total Stockholder Equity | 5.5B | 5.8B | 6.8B | 7.1B | 7.0B | 4.1B | |
Property Plant And Equipment Net | 2.5B | 2.5B | 2.5B | 2.5B | 2.5B | 2.1B | |
Net Debt | 1.9B | 1.6B | 1.3B | 1.2B | 1.7B | 1.6B | |
Retained Earnings | 5.7B | 6.0B | 5.9B | 5.9B | 5.9B | 4.4B | |
Cash | 1.2B | 2.1B | 1.9B | 2.0B | 2.2B | 2.3B | |
Non Current Assets Total | 8.0B | 8.0B | 8.6B | 8.9B | 8.5B | 6.9B | |
Non Currrent Assets Other | 2.3B | 2.2B | 3.2B | 3.3B | 2.7B | 2.7B | |
Cash And Short Term Investments | 1.2B | 2.1B | 1.9B | 2.0B | 2.2B | 2.3B | |
Net Receivables | 921M | 787M | 838M | 855M | 1.5B | 1.4B | |
Common Stock Shares Outstanding | 232.7M | 229.0M | 226.5M | 215.0M | 201.8M | 238.8M | |
Liabilities And Stockholders Equity | 15.0B | 15.4B | 15.8B | 16.3B | 16.9B | 17.0B | |
Non Current Liabilities Total | 5.7B | 6.3B | 5.9B | 5.5B | 5.5B | 6.9B | |
Inventory | 4.1B | 3.5B | 3.5B | 3.6B | 3.9B | 2.5B | |
Other Current Assets | 894M | 950M | 1.0B | 1.0B | 857M | 1.1B | |
Other Stockholder Equity | 1.7B | 1.6B | 1.7B | 1.8B | 1.7B | 1.8B | |
Total Liab | 9.5B | 9.6B | 9.0B | 9.2B | 9.9B | 9.3B | |
Total Current Assets | 7.1B | 7.4B | 7.2B | 7.4B | 8.4B | 7.3B | |
Short Term Debt | 561M | 509M | 6M | 7M | 357M | 339.2M | |
Intangible Assets | 589M | 489M | 438M | 461M | 414.9M | 756.9M | |
Accounts Payable | 1.4B | 776M | 786M | 1.0B | 1.0B | 968.6M | |
Property Plant And Equipment Gross | 2.5B | 2.5B | 7.4B | 7.6B | 7.7B | 8.1B | |
Accumulated Other Comprehensive Income | (1.8B) | (1.7B) | (789M) | (612M) | (644M) | (676.2M) | |
Good Will | 2.2B | 2.2B | 2.1B | 2.3B | 2.3B | 2.1B | |
Current Deferred Revenue | 715M | 758M | 1.1B | 1.4B | 1.6B | 1.7B | |
Other Liab | 2.1B | 2.3B | 2.0B | 1.6B | 1.4B | 1.9B | |
Other Assets | 2.0B | 2.4B | 3.0B | 4.1B | 4.7B | 4.9B | |
Long Term Debt | 3.2B | 3.2B | 3.9B | 3.6B | 3.5B | 3.5B | |
Treasury Stock | (20M) | (203M) | (157M) | (84M) | (96.6M) | (101.4M) | |
Property Plant Equipment | 2.5B | 2.5B | 2.5B | 2.5B | 2.9B | 2.4B | |
Net Tangible Assets | 3.4B | 3.7B | 4.7B | 4.8B | 5.6B | 4.4B | |
Retained Earnings Total Equity | 5.7B | 6.0B | 5.9B | 5.9B | 6.8B | 4.7B | |
Long Term Debt Total | 2.6B | 3.2B | 3.9B | 3.6B | 4.2B | 3.7B | |
Non Current Liabilities Other | 2.3B | 2.5B | 2.7B | 2.3B | 2.0B | 2.0B | |
Capital Surpluse | 1.7B | 1.8B | 1.9B | 1.9B | 2.2B | 1.7B |
Pair Trading with Textron
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Textron position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Textron will appreciate offsetting losses from the drop in the long position's value.Moving against Textron Stock
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The ability to find closely correlated positions to Textron could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Textron when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Textron - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Textron to buy it.
The correlation of Textron is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Textron moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Textron moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Textron can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Textron. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy Textron Stock please use our How to Invest in Textron guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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Is Textron'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 Textron. If investors know Textron 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 Textron 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 0.12 | Dividend Share 0.08 | Earnings Share 4.68 | Revenue Per Share 70.123 | Quarterly Revenue Growth 0.037 |
The market value of Textron is measured differently than its book value, which is the value of Textron that is recorded on the company's balance sheet. Investors also form their own opinion of Textron's value that differs from its market value or its book value, called intrinsic value, which is Textron'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 Textron's market value can be influenced by many factors that don't directly affect Textron'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 Textron's value and its price as these two are different measures arrived at by different means. Investors typically determine if Textron is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Textron'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.