Valero Net Income vs Income Tax Expense Analysis

VLO Stock

USD 165.80 1.33 0.80%

Valero Energy financial indicator trend analysis is much more than just breaking down Valero Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Valero Energy is a good investment. Please check the relationship between Valero Energy Net Income and its Income Tax Expense accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Valero Energy. 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 economic analysis.

To learn how to invest in Valero Stock, please use our How to Invest in Valero Energy guide.

Net Income vs Income Tax Expense

Net Income vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Valero Energy Net Income account and Income Tax Expense. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Valero Energy's Net Income and Income Tax Expense is 0.81. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Valero Energy, assuming nothing else is changed. The correlation between historical values of Valero Energy's Net 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 Net Income of Valero Energy 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 Net Income i.e., Valero Energy's Net Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.81

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Valero Energy financial statement analysis. It represents the amount of money remaining after all of Valero Energy operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Income Tax Expense

Most indicators from Valero Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Valero Energy 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 Valero Energy. 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 economic analysis.

To learn how to invest in Valero Stock, please use our How to Invest in Valero Energy guide.As of the 27th of April 2024, Tax Provision is likely to grow to about 3.5 B, while Selling General Administrative is likely to drop about 642.4 M.

	2021	2022	2023	2024 (projected)
Total Revenue	114.0B	176.4B	144.8B	152.0B
Depreciation And Amortization	16M	240M	2.7B	2.8B

Total Revenue Depreciation And Amortization

Valero Energy 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	Accounts Payable	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock	Other Liab
Total Assets		0.52	0.65	0.89	0.95	0.73	0.22	0.91	0.74	0.99	0.22	0.74	0.88	0.45	0.92	0.96	0.3	-0.71	0.98	0.97	0.66	0.88	0.88	0.82	0.83	0.53
Short Long Term Debt Total	0.52		0.23	0.25	0.58	0.31	0.91	0.58	0.33	0.56	0.26	0.34	0.32	0.21	0.59	0.57	-0.2	-0.47	0.46	0.44	0.27	0.24	0.43	0.46	0.46	0.37
Other Current Liab	0.65	0.23		0.66	0.48	0.37	0.04	0.73	0.44	0.65	0.22	0.45	0.64	-0.22	0.64	0.49	0.23	-0.83	0.7	0.62	0.85	0.6	0.85	0.26	0.27	0.47
Total Current Liabilities	0.89	0.25	0.66		0.78	0.58	0.01	0.76	0.56	0.84	0.33	0.56	0.98	0.36	0.72	0.81	0.19	-0.63	0.92	0.94	0.8	0.99	0.84	0.66	0.66	0.22
Total Stockholder Equity	0.95	0.58	0.48	0.78		0.68	0.26	0.9	0.79	0.93	0.2	0.79	0.78	0.52	0.82	0.98	0.26	-0.65	0.87	0.93	0.48	0.77	0.75	0.84	0.84	0.51
Property Plant And Equipment Net	0.73	0.31	0.37	0.58	0.68		0.13	0.51	0.44	0.78	-0.12	0.43	0.5	0.59	0.79	0.75	0.57	-0.28	0.74	0.61	0.26	0.56	0.55	0.92	0.92	0.62
Net Debt	0.22	0.91	0.04	0.01	0.26	0.13		0.26	-0.09	0.29	0.26	-0.08	0.09	0.13	0.34	0.3	-0.4	-0.21	0.2	0.12	0.14	0.01	0.16	0.24	0.24	0.15
Retained Earnings	0.91	0.58	0.73	0.76	0.9	0.51	0.26		0.78	0.88	0.21	0.79	0.79	0.1	0.8	0.84	0.18	-0.92	0.84	0.9	0.66	0.74	0.87	0.59	0.6	0.61
Cash	0.74	0.33	0.44	0.56	0.79	0.44	-0.09	0.78		0.7	0.04	1.0	0.54	0.2	0.64	0.68	0.42	-0.65	0.65	0.77	0.32	0.53	0.66	0.55	0.56	0.54
Non Current Assets Total	0.99	0.56	0.65	0.84	0.93	0.78	0.29	0.88	0.7		0.18	0.7	0.81	0.47	0.96	0.96	0.34	-0.68	0.97	0.92	0.62	0.81	0.87	0.85	0.85	0.6
Non Currrent Assets Other	0.22	0.26	0.22	0.33	0.2	-0.12	0.26	0.21	0.04	0.18		0.05	0.37	0.08	0.09	0.23	-0.52	-0.21	0.23	0.28	0.54	0.3	0.31	0.06	0.06	-0.36
Cash And Short Term Investments	0.74	0.34	0.45	0.56	0.79	0.43	-0.08	0.79	1.0	0.7	0.05		0.55	0.2	0.64	0.68	0.4	-0.66	0.65	0.77	0.33	0.54	0.66	0.55	0.55	0.53
Net Receivables	0.88	0.32	0.64	0.98	0.78	0.5	0.09	0.79	0.54	0.81	0.37	0.55		0.32	0.68	0.8	0.06	-0.68	0.89	0.94	0.82	0.98	0.83	0.62	0.62	0.2
Common Stock Shares Outstanding	0.45	0.21	-0.22	0.36	0.52	0.59	0.13	0.1	0.2	0.47	0.08	0.2	0.32		0.42	0.6	0.2	0.28	0.42	0.4	-0.05	0.36	0.12	0.77	0.77	0.01
Non Current Liabilities Total	0.92	0.59	0.64	0.72	0.82	0.79	0.34	0.8	0.64	0.96	0.09	0.64	0.68	0.42		0.86	0.38	-0.63	0.93	0.81	0.57	0.69	0.86	0.8	0.81	0.68
Inventory	0.96	0.57	0.49	0.81	0.98	0.75	0.3	0.84	0.68	0.96	0.23	0.68	0.8	0.6	0.86		0.26	-0.58	0.91	0.92	0.52	0.8	0.75	0.89	0.89	0.48
Other Current Assets	0.3	-0.2	0.23	0.19	0.26	0.57	-0.4	0.18	0.42	0.34	-0.52	0.4	0.06	0.2	0.38	0.26		-0.07	0.31	0.22	-0.15	0.17	0.18	0.36	0.36	0.48
Other Stockholder Equity	-0.71	-0.47	-0.83	-0.63	-0.65	-0.28	-0.21	-0.92	-0.65	-0.68	-0.21	-0.66	-0.68	0.28	-0.63	-0.58	-0.07		-0.68	-0.73	-0.73	-0.61	-0.83	-0.29	-0.29	-0.57
Total Liab	0.98	0.46	0.7	0.92	0.87	0.74	0.2	0.84	0.65	0.97	0.23	0.65	0.89	0.42	0.93	0.91	0.31	-0.68		0.94	0.73	0.9	0.91	0.79	0.8	0.5
Total Current Assets	0.97	0.44	0.62	0.94	0.93	0.61	0.12	0.9	0.77	0.92	0.28	0.77	0.94	0.4	0.81	0.92	0.22	-0.73	0.94		0.69	0.93	0.86	0.75	0.75	0.4
Short Term Debt	0.66	0.27	0.85	0.8	0.48	0.26	0.14	0.66	0.32	0.62	0.54	0.33	0.82	-0.05	0.57	0.52	-0.15	-0.73	0.73	0.69		0.76	0.86	0.29	0.29	0.11
Accounts Payable	0.88	0.24	0.6	0.99	0.77	0.56	0.01	0.74	0.53	0.81	0.3	0.54	0.98	0.36	0.69	0.8	0.17	-0.61	0.9	0.93	0.76		0.79	0.65	0.65	0.22
Property Plant And Equipment Gross	0.88	0.43	0.85	0.84	0.75	0.55	0.16	0.87	0.66	0.87	0.31	0.66	0.83	0.12	0.86	0.75	0.18	-0.83	0.91	0.86	0.86	0.79		0.57	0.57	0.47
Common Stock Total Equity	0.82	0.46	0.26	0.66	0.84	0.92	0.24	0.59	0.55	0.85	0.06	0.55	0.62	0.77	0.8	0.89	0.36	-0.29	0.79	0.75	0.29	0.65	0.57		1.0	0.51
Common Stock	0.83	0.46	0.27	0.66	0.84	0.92	0.24	0.6	0.56	0.85	0.06	0.55	0.62	0.77	0.81	0.89	0.36	-0.29	0.8	0.75	0.29	0.65	0.57	1.0		0.51
Other Liab	0.53	0.37	0.47	0.22	0.51	0.62	0.15	0.61	0.54	0.6	-0.36	0.53	0.2	0.01	0.68	0.48	0.48	-0.57	0.5	0.4	0.11	0.22	0.47	0.51	0.51

Click cells to compare fundamentals

Valero Energy Account Relationship Matchups

Valero Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	53.9B	51.8B	57.9B	61.0B	64.5B	67.7B
Short Long Term Debt Total	11.0B	15.8B	1.9B	3.6B	12.6B	13.3B
Other Current Liab	2.1B	2.1B	2.7B	3.2B	2.4B	2.6B
Total Current Liabilities	13.2B	9.3B	16.9B	17.5B	16.8B	17.6B
Total Stockholder Equity	21.8B	18.8B	18.4B	23.6B	26.3B	27.7B
Property Plant And Equipment Net	30.6B	31.6B	32.1B	32.1B	31.3B	15.7B
Net Debt	8.4B	12.5B	(2.2B)	(1.3B)	7.2B	7.6B
Retained Earnings	32.0B	29.0B	28.3B	38.2B	45.6B	47.9B
Cash	2.6B	3.3B	4.1B	4.9B	5.4B	5.7B
Non Current Assets Total	34.9B	35.9B	36.7B	36.8B	38.3B	40.2B
Non Currrent Assets Other	514M	565M	941M	(1.6B)	4.3B	4.6B
Cash And Short Term Investments	2.6B	3.3B	4.1B	4.9B	5.5B	5.8B
Net Receivables	8.9B	6.1B	10.4B	11.9B	12.5B	13.2B
Common Stock Shares Outstanding	428M	413M	407M	396M	353M	402.5M
Liabilities And Stockholders Equity	53.9B	51.8B	57.9B	61.0B	64.5B	67.7B
Non Current Liabilities Total	18.2B	22.8B	21.2B	18.1B	19.2B	20.1B
Inventory	7.0B	6.0B	6.3B	6.8B	7.6B	8.0B
Other Current Assets	12.0B	9.8B	14.9B	17.4B	578M	549.1M
Other Stockholder Equity	(8.8B)	(8.9B)	(8.9B)	(13.3B)	(18.4B)	(17.5B)
Total Liab	31.3B	32.1B	38.1B	35.5B	36.0B	37.8B
Total Current Assets	19.0B	15.8B	21.2B	24.1B	26.2B	27.5B
Short Term Debt	825M	1.0B	1.6B	1.4B	1.8B	1.9B
Accounts Payable	10.2B	6.1B	12.5B	12.7B	12.6B	13.2B
Property Plant And Equipment Gross	29.3B	47.0B	50.4B	51.7B	52.8B	55.4B
Accumulated Other Comprehensive Income	(1.4B)	(1.3B)	(1.0B)	(1.4B)	(870M)	(826.5M)
Other Liab	8.0B	8.0B	7.7B	6.8B	7.8B	4.1B
Other Assets	2.8B	2.9B	3.4B	3.7B	4.3B	4.5B
Long Term Debt	9.2B	14.0B	10.8B	8.4B	8.0B	7.5B
Treasury Stock	(15.6B)	(15.7B)	(15.7B)	(20.2B)	(18.2B)	(17.3B)
Property Plant Equipment	29.3B	31.6B	32.1B	32.1B	36.9B	24.1B
Current Deferred Revenue	55M	56M	78M	129M	40M	38M
Intangible Assets	283M	248M	218M	202M	183M	173.9M
Net Tangible Assets	21.8B	18.8B	17.5B	23.6B	27.1B	21.1B
Noncontrolling Interest In Consolidated Entity	733M	841M	1.4B	1.9B	2.2B	2.3B
Retained Earnings Total Equity	32.0B	29.0B	28.3B	38.2B	44.0B	26.6B

Valero Energy Investors Sentiment

The influence of Valero Energy's 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 Valero. 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 Valero Energy's public news can be used to forecast risks associated with an investment in Valero. The trend in average sentiment can be used to explain how an investor holding Valero can time the market purely based on public headlines and social activities around Valero Energy. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Valero Energy's 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 Valero Energy's 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 Valero Energy's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Valero Energy.

Valero Energy Implied Volatility

24.47

Valero Energy's implied volatility exposes the market's sentiment of Valero Energy stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Valero Energy's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Valero Energy stock will not fluctuate a lot when Valero Energy's options are near their expiration.

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 Valero Energy 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, Valero Energy's short interest history, or implied volatility extrapolated from Valero Energy options trading.

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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.

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

How To Invest In Valero

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Is Valero Stock a good investment?

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What is Valero Energy's Net Worth?

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Valero Energy. 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 economic analysis.

To learn how to invest in Valero Stock, please use our How to Invest in Valero Energy guide.

You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

Complementary Tools for Valero Stock analysis

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

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Is Valero Energy'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 Valero Energy. If investors know Valero 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 Valero Energy 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

(0.57)

Dividend Share

4.08

Earnings Share

24.92

Revenue Per Share

393.771

Quarterly Revenue Growth

(0.16)

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

Net Income vs Income Tax Expense

Net Income vs Income Tax Expense Correlation Analysis

Correlation Coefficient

Net Income

Income Tax Expense

Valero Energy fundamental ratios Correlations

Valero Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Valero Energy fundamental ratios Accounts

Valero Energy Investors Sentiment

Valero Energy Implied Volatility

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Complementary Tools for Valero Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Non Current Assets Total	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Current Liabilities
Total Liab	+ 0.98	Total Assets
Net Receivables	+ 0.98	Total Current Liabilities

Other Stockholder Equity	- 0.92	Retained Earnings
Property Plant And Equipment Gross	- 0.83	Other Stockholder Equity
Other Stockholder Equity	- 0.83	Other Current Liab
Short Term Debt	- 0.73	Other Stockholder Equity
Total Current Assets	- 0.73	Other Stockholder Equity
Other Stockholder Equity	- 0.71	Total Assets