Chewy Operating Income vs Income Before Tax Analysis

CHWY Stock

USD 35.87 1.25 3.61%

Chewy financial indicator trend analysis is way more than just evaluating Chewy Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chewy Inc is a good investment. Please check the relationship between Chewy Operating Income and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chewy Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Operating Income vs Income Before Tax

Operating Income vs Income Before Tax Correlation Analysis

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

The correlation between Chewy's Operating Income and Income Before Tax is 0.98. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Chewy Inc, assuming nothing else is changed. The correlation between historical values of Chewy's Operating Income and Income Before Tax 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 Chewy Inc are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Operating Income i.e., Chewy's Operating Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

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Operating Income

Operating Income is the amount of profit realized from Chewy Inc 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 Chewy Inc 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.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Chewy income statement and is an important metric when analyzing Chewy Inc profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Most indicators from Chewy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chewy Inc 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Chewy Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

At this time, Chewy's Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is expected to grow at the current pace this year, whereas Selling General Administrative is likely to drop slightly above 1.4 B in 2024.

	2022	2023	2024 (projected)
Depreciation And Amortization	83.3M	109.7M	56.9M
Interest Income	11.9M	62.1M	65.2M

Depreciation And Amortization Interest Income

Chewy fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Common Stock Shares Outstanding	Inventory	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Non Current Liabilities Total	Capital Surpluse	Other Current Assets
Total Assets		0.98	0.97	0.88	0.69	0.89	-0.82	0.96	0.87	0.5	0.66	0.82	0.99	0.98	1.0	-0.26	0.75	0.93	0.99	0.04	0.99	0.09	0.89	0.99	0.97	0.83
Other Current Liab	0.98		1.0	0.88	0.76	0.91	-0.91	0.99	0.85	0.45	0.75	0.79	0.99	1.0	0.98	-0.09	0.86	0.91	0.96	-0.04	0.96	0.0	0.87	0.97	0.95	0.82
Total Current Liabilities	0.97	1.0		0.88	0.77	0.9	-0.92	1.0	0.83	0.48	0.74	0.8	0.99	1.0	0.97	-0.06	0.87	0.92	0.96	0.01	0.96	0.03	0.86	0.97	0.94	0.81
Total Stockholder Equity	0.88	0.88	0.88		0.74	0.98	-0.84	0.87	0.71	0.31	0.79	0.93	0.88	0.87	0.89	-0.12	0.79	0.94	0.87	0.01	0.87	0.25	0.95	0.86	0.81	0.93
Other Liab	0.69	0.76	0.77	0.74		0.75	-0.81	0.79	0.35	0.29	0.84	0.57	0.73	0.75	0.7	0.34	0.85	0.64	0.65	0.24	0.65	0.37	0.61	0.66	0.59	0.61
Net Tangible Assets	0.89	0.91	0.9	0.98	0.75		-0.88	0.9	0.72	0.44	0.85	0.87	0.91	0.9	0.9	-0.15	0.85	0.92	0.88	0.01	0.88	0.15	0.89	0.88	0.84	0.85
Retained Earnings	-0.82	-0.91	-0.92	-0.84	-0.81	-0.88		-0.94	-0.67	-0.39	-0.84	-0.73	-0.89	-0.91	-0.82	-0.23	-0.97	-0.82	-0.81	0.06	-0.79	0.01	-0.77	-0.84	-0.77	-0.74
Accounts Payable	0.96	0.99	1.0	0.87	0.79	0.9	-0.94		0.79	0.51	0.75	0.79	0.99	1.0	0.95	-0.01	0.89	0.91	0.95	0.05	0.95	0.05	0.84	0.97	0.92	0.79
Cash	0.87	0.85	0.83	0.71	0.35	0.72	-0.67	0.79		0.29	0.41	0.67	0.85	0.84	0.88	-0.43	0.56	0.79	0.86	-0.39	0.84	-0.2	0.79	0.87	0.93	0.75
Other Assets	0.5	0.45	0.48	0.31	0.29	0.44	-0.39	0.51	0.29		0.27	0.33	0.55	0.5	0.45	-0.31	0.36	0.44	0.57	0.5	0.57	-0.06	0.25	0.56	0.49	0.1
Net Receivables	0.66	0.75	0.74	0.79	0.84	0.85	-0.84	0.75	0.41	0.27		0.56	0.7	0.72	0.67	0.21	0.92	0.63	0.61	-0.01	0.61	0.04	0.59	0.62	0.58	0.57
Common Stock Shares Outstanding	0.82	0.79	0.8	0.93	0.57	0.87	-0.73	0.79	0.67	0.33	0.56		0.81	0.8	0.81	-0.13	0.61	0.97	0.84	0.12	0.84	0.26	0.97	0.83	0.73	0.94
Inventory	0.99	0.99	0.99	0.88	0.73	0.91	-0.89	0.99	0.85	0.55	0.7	0.81		0.99	0.98	-0.18	0.82	0.93	0.98	0.03	0.98	0.06	0.87	0.99	0.97	0.81
Total Liab	0.98	1.0	1.0	0.87	0.75	0.9	-0.91	1.0	0.84	0.5	0.72	0.8	0.99		0.97	-0.09	0.85	0.92	0.97	0.02	0.97	0.03	0.86	0.98	0.95	0.81
Total Current Assets	1.0	0.98	0.97	0.89	0.7	0.9	-0.82	0.95	0.88	0.45	0.67	0.81	0.98	0.97		-0.26	0.75	0.92	0.98	0.0	0.98	0.1	0.89	0.98	0.98	0.85
Intangible Assets	-0.26	-0.09	-0.06	-0.12	0.34	-0.15	-0.23	-0.01	-0.43	-0.31	0.21	-0.13	-0.18	-0.09	-0.26		0.29	-0.17	-0.28	0.13	-0.28	0.06	-0.18	-0.23	-0.37	-0.1
Common Stock	0.75	0.86	0.87	0.79	0.85	0.85	-0.97	0.89	0.56	0.36	0.92	0.61	0.82	0.85	0.75	0.29		0.72	0.72	-0.04	0.71	-0.02	0.66	0.75	0.7	0.63
Property Plant Equipment	0.93	0.91	0.92	0.94	0.64	0.92	-0.82	0.91	0.79	0.44	0.63	0.97	0.93	0.92	0.92	-0.17	0.72		0.95	0.08	0.94	0.16	0.98	0.94	0.87	0.93
Property Plant And Equipment Net	0.99	0.96	0.96	0.87	0.65	0.88	-0.81	0.95	0.86	0.57	0.61	0.84	0.98	0.97	0.98	-0.28	0.72	0.95		0.09	1.0	0.06	0.89	0.99	0.96	0.82
Net Debt	0.04	-0.04	0.01	0.01	0.24	0.01	0.06	0.05	-0.39	0.5	-0.01	0.12	0.03	0.02	0.0	0.13	-0.04	0.08	0.09		0.12	0.53	-0.03	0.07	-0.11	-0.09
Non Current Assets Total	0.99	0.96	0.96	0.87	0.65	0.88	-0.79	0.95	0.84	0.57	0.61	0.84	0.98	0.97	0.98	-0.28	0.71	0.94	1.0	0.12		0.09	0.89	0.99	0.96	0.81
Non Currrent Assets Other	0.09	0.0	0.03	0.25	0.37	0.15	0.01	0.05	-0.2	-0.06	0.04	0.26	0.06	0.03	0.1	0.06	-0.02	0.16	0.06	0.53	0.09		0.23	0.07	-0.01	0.31
Cash And Short Term Investments	0.89	0.87	0.86	0.95	0.61	0.89	-0.77	0.84	0.79	0.25	0.59	0.97	0.87	0.86	0.89	-0.18	0.66	0.98	0.89	-0.03	0.89	0.23		0.89	0.83	0.99
Non Current Liabilities Total	0.99	0.97	0.97	0.86	0.66	0.88	-0.84	0.97	0.87	0.56	0.62	0.83	0.99	0.98	0.98	-0.23	0.75	0.94	0.99	0.07	0.99	0.07	0.89		0.97	0.82
Capital Surpluse	0.97	0.95	0.94	0.81	0.59	0.84	-0.77	0.92	0.93	0.49	0.58	0.73	0.97	0.95	0.98	-0.37	0.7	0.87	0.96	-0.11	0.96	-0.01	0.83	0.97		0.77
Other Current Assets	0.83	0.82	0.81	0.93	0.61	0.85	-0.74	0.79	0.75	0.1	0.57	0.94	0.81	0.81	0.85	-0.1	0.63	0.93	0.82	-0.09	0.81	0.31	0.99	0.82	0.77

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Chewy Account Relationship Matchups

Chewy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	932.3M	1.7B	2.1B	2.5B	3.2B	1.6B
Other Current Liab	417.5M	602.5M	761.6M	738.5M	1.0B	562.4M
Total Current Liabilities	1.1B	1.4B	1.6B	1.8B	2.1B	1.3B
Total Stockholder Equity	(404.0M)	(2.0M)	14.7M	214.0M	510.2M	535.8M
Other Liab	35.3M	33.8M	16.5M	60.0M	69.0M	40.0M
Net Tangible Assets	(418.3M)	(36.5M)	14.7M	174.5M	200.7M	210.7M
Retained Earnings	(1.8B)	(1.9B)	(2.0B)	(2.0B)	(2.0B)	(2.1B)
Accounts Payable	683.0M	778.4M	883.3M	1.0B	1.1B	753.2M
Cash	212.1M	563.3M	603.1M	330.4M	602.2M	362.5M
Other Assets	4.7M	6.9M	22.9M	53.2M	1.0	0.95
Net Receivables	81.1M	100.7M	123.5M	126.3M	154.0M	126.6M
Common Stock Shares Outstanding	401.4M	407.2M	417.2M	427.8M	432.0M	450.0M
Inventory	317.8M	513.3M	560.4M	675.5M	719.3M	449.0M
Total Liab	1.3B	1.7B	2.1B	2.3B	2.7B	1.6B
Total Current Assets	629.8M	1.2B	1.3B	1.5B	2.1B	1.1B
Common Stock	4.0M	4.2M	4.2M	4.3M	4.3M	3.9M
Property Plant Equipment	283.5M	472.8M	739.9M	902.2M	1.0B	1.1B
Property Plant And Equipment Net	297.8M	507.2M	739.9M	902.2M	995.9M	566.1M
Net Debt	(11.6M)	(235.1M)	(192.9M)	141.3M	(74.4M)	(78.2M)
Non Current Assets Total	302.5M	514.1M	762.7M	994.8M	1.1B	600.3M
Non Currrent Assets Other	(9.6M)	6.9M	(138.3M)	53.2M	47.1M	49.5M
Cash And Short Term Investments	212.1M	563.3M	603.1M	677.4M	1.1B	1.2B
Liabilities And Stockholders Equity	932.3M	1.7B	2.1B	2.5B	3.2B	1.8B
Non Current Liabilities Total	235.8M	362.1M	426.7M	531.8M	565.7M	349.7M
Other Current Assets	18.8M	49.4M	36.5M	41.1M	97.0M	101.9M
Other Stockholder Equity	1.4B	1.9B	2.0B	2.2B	2.5B	2.0B
Net Invested Capital	(404.0M)	(2.0M)	14.7M	214.0M	510.2M	535.8M
Property Plant And Equipment Gross	297.8M	507.2M	894.7M	1.1B	1.3B	674.4M
Non Current Liabilities Other	35.3M	33.8M	16.5M	531.8M	37.9M	36.0M
Net Working Capital	(470.7M)	(154.1M)	(321.3M)	(249.0M)	(6.5M)	(6.9M)
Capital Stock	4.0M	4.2M	4.2M	4.3M	4.3M	4.6M

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Chewy Operating Income vs Income Before Tax Analysis

Operating Income vs Income Before Tax

Operating Income vs Income Before Tax Correlation Analysis

Correlation Coefficient

Operating Income

Income Before Tax

Chewy fundamental ratios Correlations

Chewy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Chewy fundamental ratios Accounts

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Additional Tools for Chewy Stock Analysis

COMMON DESTINATIONS

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Total Current Assets	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Other Current Liab
Total Liab	+ 1.0	Other Current Liab
Accounts Payable	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Accounts Payable

Common Stock	- 0.97	Retained Earnings
Accounts Payable	- 0.94	Retained Earnings
Retained Earnings	- 0.92	Total Current Liabilities
Total Liab	- 0.91	Retained Earnings
Retained Earnings	- 0.91	Other Current Liab
Inventory	- 0.89	Retained Earnings