Walgreens Net Income vs Operating Income Analysis
WBA Stock | USD 21.69 0.67 3.19% |
Walgreens Boots financial indicator trend analysis is more than just analyzing Walgreens Boots Alliance current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Walgreens Boots Alliance is a good investment. Please check the relationship between Walgreens Boots Net Income and its Operating Income accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Walgreens Boots Alliance. 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 labor statistics.
Net Income vs Operating Income
Net Income vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Walgreens Boots Alliance Net Income account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Walgreens Boots' Net Income and Operating Income is 0.97. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Operating Income in the same time period over historical financial statements of Walgreens Boots Alliance, assuming nothing else is changed. The correlation between historical values of Walgreens Boots' Net Income 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 Net Income of Walgreens Boots Alliance 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 Net Income i.e., Walgreens Boots' Net Income and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.97 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Walgreens Boots Alliance financial statement analysis. It represents the amount of money remaining after all of Walgreens Boots Alliance operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Operating Income
Operating Income is the amount of profit realized from Walgreens Boots Alliance 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 Walgreens Boots Alliance 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 Walgreens Boots' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Walgreens Boots Alliance 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 Walgreens Boots Alliance. 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 labor statistics. The current year's Selling General Administrative is expected to grow to about 40.4 B, whereas Tax Provision is projected to grow to (1.6 B).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 28.3B | 27.1B | 31.1B | 32.7B | Total Revenue | 132.7B | 139.1B | 159.9B | 167.9B |
Walgreens Boots fundamental ratios Correlations
Click cells to compare fundamentals
Walgreens Boots Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Walgreens Boots fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 87.2B | 81.3B | 90.1B | 96.6B | 111.1B | 116.7B | |
Short Long Term Debt Total | 40.1B | 33.4B | 35.5B | 33.5B | 38.6B | 40.5B | |
Total Current Liabilities | 27.1B | 22.1B | 22.6B | 24.5B | 28.2B | 29.6B | |
Total Stockholder Equity | 21.1B | 23.8B | 29.4B | 20.0B | 23.0B | 12.2B | |
Property Plant And Equipment Net | 35.1B | 34.1B | 33.0B | 33.3B | 38.2B | 40.2B | |
Net Debt | 39.6B | 32.2B | 34.1B | 32.8B | 37.7B | 39.6B | |
Retained Earnings | 34.2B | 35.1B | 37.8B | 33.1B | 38.0B | 39.9B | |
Cash | 516M | 1.2B | 1.4B | 728M | 837.2M | 1.1B | |
Non Current Assets Total | 69.1B | 65.5B | 73.2B | 81.1B | 93.3B | 98.0B | |
Non Currrent Assets Other | (822M) | 137M | 287M | 2.6B | 2.9B | 3.1B | |
Cash And Short Term Investments | 516M | 1.2B | 2.5B | 739M | 849.9M | 1.2B | |
Net Receivables | 7.1B | 5.7B | 5.0B | 5.4B | 6.2B | 6.5B | |
Common Stock Shares Outstanding | 880.3M | 866.4M | 865.9M | 863.2M | 776.9M | 807.2M | |
Liabilities And Stockholders Equity | 87.2B | 81.3B | 90.1B | 96.6B | 111.1B | 116.7B | |
Non Current Liabilities Total | 39.0B | 35.4B | 37.1B | 43.6B | 50.1B | 52.7B | |
Inventory | 9.5B | 8.2B | 8.4B | 8.3B | 9.5B | 5.2B | |
Other Current Assets | 974M | 799M | 1.1B | 1.1B | 1.3B | 1.4B | |
Other Stockholder Equity | (9.3B) | (9.2B) | (5.6B) | (10.1B) | (9.1B) | (8.6B) | |
Total Liab | 66.0B | 57.5B | 59.7B | 68.1B | 78.4B | 82.3B | |
Total Current Assets | 18.1B | 15.8B | 16.9B | 15.5B | 17.8B | 9.2B | |
Short Term Debt | 6.0B | 3.6B | 3.3B | 3.3B | 3.8B | 3.9B | |
Accounts Payable | 14.5B | 11.1B | 11.3B | 12.6B | 14.5B | 15.3B | |
Other Liab | 3.8B | 5.3B | 5.0B | 12.4B | 14.3B | 15.0B | |
Other Assets | 660M | 2.0B | 1.7B | 2.5B | 2.9B | 3.0B | |
Long Term Debt | 12.2B | 7.7B | 10.6B | 8.1B | 9.4B | 5.9B | |
Property Plant Equipment | 33.4B | 34.1B | 33.0B | 31.8B | 36.5B | 38.3B | |
Property Plant And Equipment Gross | 35.1B | 34.1B | 33.0B | 46.2B | 53.1B | 55.8B | |
Accumulated Other Comprehensive Income | (3.8B) | (2.1B) | (2.8B) | (3.0B) | (2.7B) | (2.6B) | |
Good Will | 15.3B | 12.4B | 22.3B | 28.2B | 32.4B | 34.0B | |
Treasury Stock | (19.1B) | (20.6B) | (20.6B) | (20.7B) | (18.6B) | (17.7B) | |
Intangible Assets | 10.8B | 9.9B | 10.7B | 13.6B | 15.7B | 16.5B | |
Net Tangible Assets | 20.6B | 1.5B | 26.3B | (23.3B) | (21.0B) | (19.9B) | |
Deferred Long Term Liab | 1.8B | 1.5B | 1.9B | 1.4B | 1.3B | 1.6B | |
Long Term Investments | 7.3B | 7.0B | 5.5B | 3.5B | 3.1B | 4.8B | |
Short Long Term Debt | 3.5B | 1.3B | 1.1B | 918M | 826.2M | 784.9M |
Walgreens Boots Investors Sentiment
The influence of Walgreens Boots' 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 Walgreens. 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 Walgreens Boots' public news can be used to forecast risks associated with an investment in Walgreens. The trend in average sentiment can be used to explain how an investor holding Walgreens can time the market purely based on public headlines and social activities around Walgreens Boots Alliance. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Walgreens Boots' 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 Walgreens Boots' 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 Walgreens Boots' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Walgreens Boots.
Walgreens Boots Implied Volatility | 76.77 |
Walgreens Boots' implied volatility exposes the market's sentiment of Walgreens Boots Alliance stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Walgreens Boots' 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 Walgreens Boots stock will not fluctuate a lot when Walgreens Boots' 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 Walgreens Boots 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, Walgreens Boots' short interest history, or implied volatility extrapolated from Walgreens Boots options trading.
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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Walgreens Boots Alliance. 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 labor statistics. Note that the Walgreens Boots Alliance information on this page should be used as a complementary analysis to other Walgreens Boots' 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 Walgreens Boots' price analysis, check to measure Walgreens Boots' 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 Walgreens Boots is operating at the current time. Most of Walgreens Boots' value examination focuses on studying past and present price action to predict the probability of Walgreens Boots' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Walgreens Boots' price. Additionally, you may evaluate how the addition of Walgreens Boots to your portfolios can decrease your overall portfolio volatility.
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Is Walgreens Boots' 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 Walgreens Boots. If investors know Walgreens 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 Walgreens Boots 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 (0.59) | Dividend Share 1.92 | Earnings Share 0.66 | Revenue Per Share 165.003 | Quarterly Revenue Growth 0.1 |
The market value of Walgreens Boots Alliance is measured differently than its book value, which is the value of Walgreens that is recorded on the company's balance sheet. Investors also form their own opinion of Walgreens Boots' value that differs from its market value or its book value, called intrinsic value, which is Walgreens Boots' 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 Walgreens Boots' market value can be influenced by many factors that don't directly affect Walgreens Boots' 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 Walgreens Boots' value and its price as these two are different measures arrived at by different means. Investors typically determine if Walgreens Boots is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Walgreens Boots' 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.