Westinghouse Invested Capital 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 Invested Capital 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.

Invested Capital vs Operating Income

Invested Capital 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 Invested Capital account and Operating Income. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Westinghouse Air's Invested Capital and Operating Income is -0.47. Overlapping area represents the amount of variation of Invested Capital 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 Invested Capital 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 Invested Capital 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 Invested Capital i.e., Westinghouse Air's Invested Capital and Operating Income go up and down completely randomly.

Correlation Coefficient

-0.47

Relationship Direction	Negative
Relationship Strength	Very Weak

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Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to Westinghouse Air Brake. There are two different methods for calculating Westinghouse Air Brake invested capital: operating approach and financing approach. Understanding Westinghouse Air invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.

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

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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:

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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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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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 Invested Capital vs Operating Income Analysis

Invested Capital vs Operating Income

Invested Capital vs Operating Income Correlation Analysis

Correlation Coefficient

Invested Capital

Operating Income

Westinghouse Air fundamental ratios Correlations

Westinghouse Air Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Westinghouse Air fundamental ratios Accounts

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