Agilent Operating Income vs Net Income Analysis

A
 Stock
  

USD 119.21  0.65  0.55%   

Agilent Technologies financial indicator trend analysis is way more than just evaluating Agilent Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Agilent Technologies is a good investment. Please check the relationship between Agilent Technologies Operating Income and its Net Income accounts. Please continue to Trending Equities.

Operating Income vs Net Income

Operating Income vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Agilent Technologies Operating Income account and Net Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Agilent Technologies' Operating Income and Net Income is 0.82. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Net Income in the same time period over historical financial statements of Agilent Technologies, assuming nothing else is changed. The correlation between historical values of Agilent Technologies' Operating Income and Net 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 Operating Income of Agilent Technologies are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Operating Income i.e., Agilent Technologies' Operating Income and Net Income go up and down completely randomly.

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

Operating Income

Operating Income is the amount of profit realized from Agilent Technologies 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 Agilent Technologies is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Operating income is a measure of financial performance before the deduction of Interest Expense; Income Tax Expense and other Non-Operating items. It is calculated as Gross Profit minus Operating Expenses.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Agilent Technologies financial statement analysis. It represents the amount of money remaining after all of Agilent Technologies operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. The portion of profit or loss for the period; net of income taxes; which is attributable to the parent after the deduction of Net Income Available to Non-controlling Interests from Consolidated Income; and before the deduction of Preferred Dividends.
Most indicators from Agilent Technologies fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Agilent Technologies 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. Please continue to Trending Equities.Agilent Technologies Net Loss Income from Discontinued Operations is projected to increase significantly based on the last few years of reporting. The past year's Net Loss Income from Discontinued Operations was at 42.55 Million. The current year Issuance Repayment of Debt Securities is expected to grow to about 433 M, whereas Selling General and Administrative Expense is forecasted to decline to about 1.4 B.
 2019 2020 2021 2022 (projected)
Consolidated Income719 M1.21 B1.39 B1.17 B
Direct Expenses2.5 B2.91 B3.35 B3.28 B

Agilent Technologies fundamental ratios Correlations

0.640.820.850.430.6-0.120.51-0.320.550.520.770.460.60.36-0.360.310.860.560.870.540.50.44
0.640.710.830.020.78-0.510.66-0.310.620.690.680.690.470.53-0.270.560.830.690.750.620.450.76
0.820.710.690.430.55-0.030.61-0.320.590.60.720.390.590.52-0.510.430.770.650.680.730.520.63
0.850.830.690.40.56-0.180.44-0.20.410.640.580.440.650.190.020.250.980.750.920.630.60.42
0.430.020.430.4-0.410.77-0.28-0.06-0.230.08-0.1-0.570.4-0.360.34-0.320.450.310.440.340.31-0.37
0.60.780.550.56-0.41-0.80.83-0.30.80.550.880.980.280.76-0.650.70.540.410.510.360.280.87
-0.12-0.51-0.03-0.180.77-0.8-0.460.11-0.44-0.12-0.51-0.850.22-0.520.43-0.46-0.13-0.09-0.140.130.2-0.58
0.510.660.610.44-0.280.83-0.46-0.390.930.770.780.820.550.82-0.670.830.460.420.390.620.540.94
-0.32-0.31-0.32-0.2-0.06-0.30.11-0.39-0.56-0.25-0.44-0.21-0.14-0.620.37-0.73-0.180.14-0.35-0.140.0-0.37
0.550.620.590.41-0.230.8-0.440.93-0.560.710.810.770.490.88-0.70.880.410.180.480.520.430.89
0.520.690.60.640.080.55-0.120.77-0.250.710.460.520.890.42-0.160.50.670.570.590.920.90.74
0.770.680.720.58-0.10.88-0.510.78-0.440.810.460.80.30.8-0.770.710.540.330.570.360.260.78
0.460.690.390.44-0.570.98-0.850.82-0.210.770.520.80.230.73-0.620.670.40.320.370.290.250.86
0.60.470.590.650.40.280.220.55-0.140.490.890.30.230.130.020.210.70.610.610.910.970.43
0.360.530.520.19-0.360.76-0.520.82-0.620.880.420.80.730.13-0.830.920.190.070.240.280.090.84
-0.36-0.27-0.510.020.34-0.650.43-0.670.37-0.7-0.16-0.77-0.620.02-0.83-0.67-0.020.02-0.05-0.10.06-0.69
0.310.560.430.25-0.320.7-0.460.83-0.730.880.50.710.670.210.92-0.670.230.080.280.30.170.81
0.860.830.770.980.450.54-0.130.46-0.180.410.670.540.40.70.19-0.020.230.80.920.690.630.44
0.560.690.650.750.310.41-0.090.420.140.180.570.330.320.610.070.020.080.80.50.70.630.41
0.870.750.680.920.440.51-0.140.39-0.350.480.590.570.370.610.24-0.050.280.920.50.540.50.37
0.540.620.730.630.340.360.130.62-0.140.520.920.360.290.910.28-0.10.30.690.70.540.910.6
0.50.450.520.60.310.280.20.540.00.430.90.260.250.970.090.060.170.630.630.50.910.45
0.440.760.630.42-0.370.87-0.580.94-0.370.890.740.780.860.430.84-0.690.810.440.410.370.60.45
Click cells to compare fundamentals

Agilent Technologies Account Relationship Matchups

Agilent Technologies fundamental ratios Accounts

201720182019202020212022 (projected)
Inventories638 M679 M720 M830 M954.5 M950.18 M
Receivables776 M930 M1.04 B1.17 B1.05 B920.46 M
Accounts Payable305 M340 M354 M446 M512.9 M495.45 M
Accumulated Other Comprehensive Income(408 M)(514 M)(522 M)(282 M)(253.8 M)(273.84 M)
Total Assets8.54 B9.45 B9.63 B10.71 B9.63 B9.02 B
Current Assets3.85 B3.19 B3.42 B3.8 B3.42 B3.58 B
Assets Non Current4.69 B6.26 B6.21 B6.91 B7.94 B7.16 B
Cash and Equivalents2.25 B1.38 B1.44 B1.48 B1.34 B1.64 B
Cash and Equivalents USD2.25 B1.38 B1.44 B1.48 B1.34 B1.64 B
Total Debt1.8 B2.41 B2.36 B2.73 B3.14 B2.9 B
Debt Non Current1.8 B1.79 B2.28 B2.73 B3.14 B2.83 B
Total Debt USD1.8 B2.41 B2.36 B2.73 B3.14 B2.9 B
Deferred Revenue324 M336 M386 M441 M396.9 M354.85 M
Shareholders Equity4.57 B4.75 B4.87 B5.39 B6.2 B6.05 B
Shareholders Equity USD4.57 B4.75 B4.87 B5.39 B6.2 B6.05 B
Goodwill and Intangible Assets3.46 B4.7 B4.43 B4.96 B5.7 B5.08 B
Inventory638 M679 M720 M830 M747 M701.98 M
Investments68 M102 M158 M276 M317.4 M342.46 M
Investments Non Current68 M102 M158 M185 M212.75 M182.13 M
Total Liabilities3.97 B4.7 B4.75 B5.32 B4.78 B4.44 B
Current Liabilities1.17 B2.08 B1.47 B1.71 B1.54 B1.45 B
Liabilities Non Current2.8 B2.62 B3.29 B3.61 B3.25 B2.99 B
Trade and Non Trade Payables305 M340 M354 M446 M401.4 M364.45 M
Property Plant and Equipment Net822 M850 M845 M945 M850.5 M807.33 M
Trade and Non Trade Receivables776 M930 M1.04 B1.17 B1.35 B1.19 B
Accumulated Retained Earnings Deficit(336 M)(18 M)81 M348 M313.2 M321.44 M

Agilent Technologies Investors Sentiment

The influence of Agilent Technologies' 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 Agilent. 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 markets does not have a solid backing from leading economists and market statisticians.

Agilent Technologies Implied Volatility

    
  43.75  
Agilent Technologies' implied volatility exposes the market's sentiment of Agilent Technologies stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Agilent Technologies' 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 Agilent Technologies stock will not fluctuate a lot when Agilent Technologies' 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 Agilent Technologies 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, Agilent Technologies' short interest history, or implied volatility extrapolated from Agilent Technologies options trading.

Current Sentiment - A

Agilent Technologies Investor Sentiment

Most of Macroaxis users are presently bullish on Agilent Technologies. What is your sentiment towards investing in Agilent Technologies? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

Pair Trading with Agilent Technologies

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 Agilent Technologies 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 Agilent Technologies will appreciate offsetting losses from the drop in the long position's value.

Agilent Technologies Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Agilent Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Agilent Technologies 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 Agilent Technologies - 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 Agilent Technologies to buy it.
The correlation of Agilent Technologies is a statistical measure of how it moves in relation to other equities. 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 Agilent Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Agilent Technologies 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 Agilent Technologies 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.
Pair CorrelationCorrelation Matching
Please continue to Trending Equities. Note that the Agilent Technologies information on this page should be used as a complementary analysis to other Agilent Technologies' 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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

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When running Agilent Technologies price analysis, check to measure Agilent Technologies' 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 Agilent Technologies is operating at the current time. Most of Agilent Technologies' value examination focuses on studying past and present price action to predict the probability of Agilent Technologies' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Agilent Technologies' price. Additionally, you may evaluate how the addition of Agilent Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Agilent Technologies' 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 Agilent Technologies. If investors know Agilent 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 Agilent Technologies 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 YOY
0.3
Market Capitalization
35.6 B
Quarterly Revenue Growth YOY
0.054
Return On Assets
0.0908
Return On Equity
0.25
The market value of Agilent Technologies is measured differently than its book value, which is the value of Agilent that is recorded on the company's balance sheet. Investors also form their own opinion of Agilent Technologies' value that differs from its market value or its book value, called intrinsic value, which is Agilent Technologies' 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 Agilent Technologies' market value can be influenced by many factors that don't directly affect Agilent Technologies' 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 Agilent Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine Agilent Technologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agilent Technologies' 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.