Westinghouse Income Tax Expense vs Operating Income Analysis

WAB Stock

USD 144.17 0.10 0.07%

Westinghouse Air financial indicator trend analysis is more than just analyzing Westinghouse Air Brake current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Westinghouse Air Brake is a good investment. Please check the relationship between Westinghouse Air Income Tax Expense and its Operating Income accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westinghouse Air Brake. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

Income Tax Expense vs Operating Income

Income Tax Expense vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Westinghouse Air Brake Income Tax Expense account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Westinghouse Air's Income Tax Expense and Operating Income is 0.94. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Operating Income in the same time period over historical financial statements of Westinghouse Air Brake, assuming nothing else is changed. The correlation between historical values of Westinghouse Air's Income Tax Expense 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 Tax Expense of Westinghouse Air Brake 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 Tax Expense i.e., Westinghouse Air's Income Tax Expense and Operating Income go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Income Tax Expense

Operating Income

Operating Income is the amount of profit realized from Westinghouse Air Brake 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 Westinghouse Air Brake 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 Westinghouse Air's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Westinghouse Air Brake 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westinghouse Air Brake. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

At present, Westinghouse Air's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 4 B, whereas Tax Provision is forecasted to decline to about 167.3 M.

	2021	2022	2023	2024 (projected)
Total Revenue	7.8B	8.4B	9.7B	10.2B
Depreciation And Amortization	325M	449M	529M	555.5M

Total Revenue Depreciation And Amortization

Westinghouse Air 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	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	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	Cash	Cash And Short Term Investments	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock
Total Assets		0.96	0.99	0.98	0.99	0.99	0.95	0.91	0.97	0.99	0.71	0.95	0.87	0.96	0.98	0.95	0.96	0.99	0.92	0.68	0.99	0.85	0.85	0.92	0.81	0.82
Short Long Term Debt Total	0.96		0.95	0.95	0.91	0.93	1.0	0.91	0.94	0.93	0.64	0.96	0.76	0.98	0.93	0.93	0.86	0.99	0.98	0.65	0.92	0.88	0.88	0.87	0.76	0.77
Other Current Liab	0.99	0.95		0.96	0.97	0.99	0.95	0.88	0.95	0.98	0.76	0.96	0.87	0.97	0.94	0.92	0.95	0.99	0.9	0.6	0.99	0.84	0.84	0.88	0.81	0.82
Total Current Liabilities	0.98	0.95	0.96		0.97	0.97	0.94	0.95	0.98	0.97	0.58	0.96	0.8	0.92	0.99	0.98	0.92	0.97	0.93	0.79	0.94	0.86	0.86	0.96	0.76	0.77
Total Stockholder Equity	0.99	0.91	0.97	0.97		0.99	0.91	0.89	0.96	1.0	0.72	0.92	0.89	0.92	0.98	0.93	0.98	0.96	0.87	0.69	0.98	0.82	0.82	0.93	0.8	0.81
Property Plant And Equipment Net	0.99	0.93	0.99	0.97	0.99		0.93	0.88	0.96	1.0	0.75	0.93	0.89	0.95	0.96	0.92	0.98	0.97	0.88	0.65	1.0	0.83	0.83	0.9	0.82	0.82
Net Debt	0.95	1.0	0.95	0.94	0.91	0.93		0.9	0.93	0.93	0.64	0.96	0.76	0.98	0.92	0.93	0.86	0.98	0.97	0.64	0.92	0.86	0.86	0.86	0.76	0.77
Retained Earnings	0.91	0.91	0.88	0.95	0.89	0.88	0.9		0.95	0.88	0.45	0.95	0.69	0.85	0.95	0.96	0.79	0.91	0.94	0.77	0.84	0.85	0.85	0.91	0.75	0.76
Accounts Payable	0.97	0.94	0.95	0.98	0.96	0.96	0.93	0.95		0.96	0.58	0.96	0.81	0.92	0.99	0.95	0.91	0.96	0.93	0.71	0.94	0.87	0.87	0.92	0.79	0.8
Non Current Assets Total	0.99	0.93	0.98	0.97	1.0	1.0	0.93	0.88	0.96		0.74	0.92	0.9	0.94	0.97	0.93	0.98	0.97	0.87	0.66	0.99	0.81	0.81	0.91	0.8	0.81
Non Currrent Assets Other	0.71	0.64	0.76	0.58	0.72	0.75	0.64	0.45	0.58	0.74		0.6	0.84	0.76	0.56	0.52	0.78	0.7	0.51	0.09	0.8	0.51	0.51	0.47	0.68	0.68
Net Receivables	0.95	0.96	0.96	0.96	0.92	0.93	0.96	0.95	0.96	0.92	0.6		0.75	0.94	0.94	0.94	0.84	0.97	0.96	0.66	0.92	0.88	0.88	0.88	0.81	0.82
Common Stock Shares Outstanding	0.87	0.76	0.87	0.8	0.89	0.89	0.76	0.69	0.81	0.9	0.84	0.75		0.83	0.8	0.74	0.92	0.84	0.68	0.42	0.91	0.67	0.67	0.7	0.88	0.88
Non Current Liabilities Total	0.96	0.98	0.97	0.92	0.92	0.95	0.98	0.85	0.92	0.94	0.76	0.94	0.83		0.9	0.89	0.89	0.99	0.94	0.53	0.95	0.86	0.86	0.81	0.8	0.81
Inventory	0.98	0.93	0.94	0.99	0.98	0.96	0.92	0.95	0.99	0.97	0.56	0.94	0.8	0.9		0.96	0.92	0.95	0.91	0.78	0.93	0.85	0.85	0.97	0.76	0.77
Other Current Assets	0.95	0.93	0.92	0.98	0.93	0.92	0.93	0.96	0.95	0.93	0.52	0.94	0.74	0.89	0.96		0.85	0.94	0.92	0.81	0.9	0.82	0.82	0.93	0.74	0.75
Other Stockholder Equity	0.96	0.86	0.95	0.92	0.98	0.98	0.86	0.79	0.91	0.98	0.78	0.84	0.92	0.89	0.92	0.85		0.92	0.78	0.61	0.98	0.75	0.75	0.87	0.77	0.77
Total Liab	0.99	0.99	0.99	0.97	0.96	0.97	0.98	0.91	0.96	0.97	0.7	0.97	0.84	0.99	0.95	0.94	0.92		0.95	0.65	0.97	0.88	0.88	0.89	0.8	0.81
Total Current Assets	0.92	0.98	0.9	0.93	0.87	0.88	0.97	0.94	0.93	0.87	0.51	0.96	0.68	0.94	0.91	0.92	0.78	0.95		0.68	0.85	0.94	0.94	0.85	0.74	0.75
Short Term Debt	0.68	0.65	0.6	0.79	0.69	0.65	0.64	0.77	0.71	0.66	0.09	0.66	0.42	0.53	0.78	0.81	0.61	0.65	0.68		0.59	0.64	0.64	0.89	0.41	0.42
Intangible Assets	0.99	0.92	0.99	0.94	0.98	1.0	0.92	0.84	0.94	0.99	0.8	0.92	0.91	0.95	0.93	0.9	0.98	0.97	0.85	0.59		0.8	0.8	0.87	0.82	0.82
Cash	0.85	0.88	0.84	0.86	0.82	0.83	0.86	0.85	0.87	0.81	0.51	0.88	0.67	0.86	0.85	0.82	0.75	0.88	0.94	0.64	0.8		1.0	0.79	0.72	0.73
Cash And Short Term Investments	0.85	0.88	0.84	0.86	0.82	0.83	0.86	0.85	0.87	0.81	0.51	0.88	0.67	0.86	0.85	0.82	0.75	0.88	0.94	0.64	0.8	1.0		0.79	0.72	0.73
Property Plant And Equipment Gross	0.92	0.87	0.88	0.96	0.93	0.9	0.86	0.91	0.92	0.91	0.47	0.88	0.7	0.81	0.97	0.93	0.87	0.89	0.85	0.89	0.87	0.79	0.79		0.66	0.68
Common Stock Total Equity	0.81	0.76	0.81	0.76	0.8	0.82	0.76	0.75	0.79	0.8	0.68	0.81	0.88	0.8	0.76	0.74	0.77	0.8	0.74	0.41	0.82	0.72	0.72	0.66		1.0
Common Stock	0.82	0.77	0.82	0.77	0.81	0.82	0.77	0.76	0.8	0.81	0.68	0.82	0.88	0.81	0.77	0.75	0.77	0.81	0.75	0.42	0.82	0.73	0.73	0.68	1.0

Click cells to compare fundamentals

Westinghouse Air Account Relationship Matchups

High Positive Relationship

Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Intangible Assets	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity

High Negative Relationship

Not Found

Westinghouse Air fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	18.9B	18.5B	18.5B	18.5B	19.0B	19.9B
Short Long Term Debt Total	4.3B	3.8B	4.1B	4.0B	4.4B	4.6B
Other Current Liab	1.4B	1.2B	1.3B	1.1B	1.2B	1.2B
Total Current Liabilities	3.3B	3.2B	2.9B	3.5B	4.1B	4.3B
Total Stockholder Equity	10.0B	10.1B	10.2B	10.1B	10.5B	11.0B
Property Plant And Equipment Net	1.7B	1.6B	1.5B	1.4B	1.5B	1.6B
Net Debt	3.7B	3.2B	3.6B	3.5B	3.8B	4.0B
Retained Earnings	3.3B	3.6B	4.1B	4.6B	5.3B	5.5B
Accounts Payable	1.2B	909.4M	1.0B	1.3B	1.3B	1.3B
Non Current Assets Total	14.7B	14.6B	14.6B	14.2B	14.1B	14.8B
Non Currrent Assets Other	573.7M	618.7M	833M	257M	155M	116.2M
Net Receivables	1.7B	1.4B	1.5B	1.5B	1.7B	1.8B
Common Stock Shares Outstanding	177.3M	190.4M	188.1M	182.8M	179.5M	113.7M
Liabilities And Stockholders Equity	18.9B	18.5B	18.5B	18.5B	19.0B	19.9B
Non Current Liabilities Total	5.6B	5.1B	5.3B	4.9B	4.4B	4.6B
Inventory	1.8B	1.6B	1.7B	2.0B	2.3B	2.4B
Other Current Assets	150.9M	226.5M	193M	233M	267M	280.4M
Other Stockholder Equity	7.1B	6.9B	6.6B	6.2B	5.8B	6.1B
Total Liab	8.9B	8.3B	8.2B	8.4B	8.5B	8.9B
Total Current Assets	4.2B	3.9B	3.8B	4.3B	4.9B	5.1B
Short Term Debt	95.7M	447.2M	2M	251M	842M	884.1M
Intangible Assets	4.1B	3.9B	3.7B	3.4B	3.2B	3.4B
Cash	604.2M	598.7M	473M	541M	620M	651M
Cash And Short Term Investments	604.2M	598.7M	473M	541M	620M	651M
Property Plant And Equipment Gross	1.7B	1.6B	1.5B	1.4B	2.7B	2.8B
Accumulated Other Comprehensive Income	(382.6M)	(339.1M)	(466M)	(661M)	(590M)	(560.5M)
Other Liab	1.1B	1.3B	1.2B	855M	983.3M	1.0B
Other Assets	631.7M	620M	833M	850M	977.5M	1.0B
Long Term Debt	4.3B	3.8B	4.1B	3.8B	3.3B	3.5B
Good Will	8.4B	8.5B	8.6B	8.5B	8.8B	9.2B
Treasury Stock	(816.1M)	(807.1M)	(1.0B)	(1.3B)	(1.2B)	(1.1B)
Property Plant Equipment	1.7B	1.6B	1.5B	1.4B	1.6B	1.7B
Current Deferred Revenue	604.2M	642.7M	629M	772M	804M	844.2M
Net Tangible Assets	(2.5B)	(2.2B)	10.2B	10.1B	11.6B	12.2B
Noncontrolling Interest In Consolidated Entity	37.1M	30.4M	38M	45M	51.8M	81.1M
Retained Earnings Total Equity	3.3B	3.6B	4.1B	4.6B	5.3B	2.7B
Long Term Debt Total	4.3B	3.8B	4.1B	3.8B	4.3B	2.4B

Westinghouse Air Investors Sentiment

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

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

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 Westinghouse Air 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, Westinghouse Air's short interest history, or implied volatility extrapolated from Westinghouse Air 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 Westinghouse Air Brake offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Westinghouse Air'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 Westinghouse Air Brake Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Westinghouse Air Brake Stock:

How To Invest In Westinghouse

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Is Westinghouse Stock a good investment?

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What is Westinghouse Air's Net Worth?

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westinghouse Air Brake. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

Note that the Westinghouse Air Brake information on this page should be used as a complementary analysis to other Westinghouse Air'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 Bonds Directory module to find actively traded corporate debentures issued by US companies.

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

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Is Westinghouse Air'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 Westinghouse Air. If investors know Westinghouse 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 Westinghouse Air 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

0.379

Dividend Share

0.68

Earnings Share

4.52

Revenue Per Share

54.122

Quarterly Revenue Growth

0.095

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

Income Tax Expense vs Operating Income

Income Tax Expense vs Operating Income Correlation Analysis

Correlation Coefficient

Income Tax Expense

Operating Income

Westinghouse Air fundamental ratios Correlations

Westinghouse Air Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Westinghouse Air fundamental ratios Accounts

Westinghouse Air Investors Sentiment

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