Gen Ebit vs Operating Income Analysis

GEN Stock

USD 29.12 0.59 2.07%

Gen Digital financial indicator trend analysis is much more than just examining Gen Digital latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gen Digital is a good investment. Please check the relationship between Gen Digital Ebit and its Operating Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gen Digital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in Gen Stock, please use our How to Invest in Gen Digital guide.

Ebit vs Operating Income

Ebit vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gen Digital Ebit account and Operating Income. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Gen Digital's Ebit and Operating Income is 0.88. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Operating Income in the same time period over historical financial statements of Gen Digital, assuming nothing else is changed. The correlation between historical values of Gen Digital's Ebit 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 Ebit of Gen Digital 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 Ebit i.e., Gen Digital's Ebit and Operating Income go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Ebit

Operating Income

Operating Income is the amount of profit realized from Gen Digital 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 Gen Digital 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 Gen Digital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gen Digital 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gen Digital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in Gen Stock, please use our How to Invest in Gen Digital guide.As of the 7th of November 2024, Selling General Administrative is likely to drop to about 405.6 M. In addition to that, Tax Provision is likely to grow to about (149.2 M)

	2021	2022	2023	2024 (projected)
Interest Expense	126M	401M	669M	702.5M
Depreciation And Amortization	160M	352M	485M	352.5M

Interest Expense Depreciation And Amortization

Gen Digital 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	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	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	Accounts Payable	Common Stock	Current Deferred Revenue	Good Will
Total Assets		0.46	0.55	0.73	0.7	0.55	0.18	0.28	0.41	0.75	0.41	0.43	0.6	0.7	0.53	0.22	0.73	0.28	0.74	0.48	0.24	0.62	0.54	0.36	0.67	0.89
Short Long Term Debt Total	0.46		0.48	-0.03	-0.09	-0.4	0.91	0.26	-0.3	0.84	0.56	-0.33	-0.33	0.26	0.98	-0.04	0.33	-0.47	0.91	-0.28	-0.04	0.92	-0.27	0.41	-0.07	0.68
Other Current Liab	0.55	0.48		0.48	0.09	0.1	0.31	-0.07	0.15	0.42	0.42	0.17	0.08	0.52	0.4	0.33	0.47	-0.02	0.54	0.15	0.44	0.39	0.05	0.33	0.17	0.49
Total Current Liabilities	0.73	-0.03	0.48		0.74	0.85	-0.38	-0.16	0.8	0.28	0.04	0.83	0.83	0.79	0.0	0.19	0.5	0.7	0.35	0.87	0.57	0.07	0.87	0.0	0.89	0.39
Total Stockholder Equity	0.7	-0.09	0.09	0.74		0.83	-0.3	0.37	0.52	0.43	0.02	0.59	0.91	0.54	0.02	0.11	0.4	0.67	0.28	0.7	0.03	0.14	0.84	-0.07	0.9	0.5
Property Plant And Equipment Net	0.55	-0.4	0.1	0.85	0.83		-0.67	-0.03	0.81	0.02	-0.19	0.86	0.96	0.53	-0.32	0.3	0.4	0.78	0.0	0.9	0.39	-0.21	0.9	-0.08	0.85	0.18
Net Debt	0.18	0.91	0.31	-0.38	-0.3	-0.67		0.29	-0.67	0.71	0.54	-0.7	-0.55	-0.02	0.87	-0.15	0.09	-0.6	0.68	-0.64	-0.37	0.83	-0.53	0.29	-0.34	0.54
Retained Earnings	0.28	0.26	-0.07	-0.16	0.37	-0.03	0.29		-0.21	0.46	0.14	-0.16	0.06	-0.24	0.34	0.09	0.09	-0.29	0.26	-0.12	-0.34	0.37	-0.17	0.29	0.0	0.45
Cash	0.41	-0.3	0.15	0.8	0.52	0.81	-0.67	-0.21		-0.12	-0.23	0.99	0.67	0.5	-0.24	0.27	0.39	0.53	0.05	0.95	0.76	-0.27	0.72	0.07	0.64	-0.02
Non Current Assets Total	0.75	0.84	0.42	0.28	0.43	0.02	0.71	0.46	-0.12		0.51	-0.12	0.15	0.48	0.89	-0.01	0.48	-0.1	0.93	0.0	-0.15	0.92	0.15	0.33	0.37	0.89
Non Currrent Assets Other	0.41	0.56	0.42	0.04	0.02	-0.19	0.54	0.14	-0.23	0.51		-0.24	-0.12	0.21	0.5	-0.13	0.15	-0.17	0.47	-0.24	-0.17	0.54	-0.12	0.23	0.0	0.58
Cash And Short Term Investments	0.43	-0.33	0.17	0.83	0.59	0.86	-0.7	-0.16	0.99	-0.12	-0.24		0.73	0.53	-0.28	0.32	0.4	0.58	0.03	0.97	0.7	-0.3	0.74	0.04	0.68	0.0
Net Receivables	0.6	-0.33	0.08	0.83	0.91	0.96	-0.55	0.06	0.67	0.15	-0.12	0.73		0.55	-0.25	0.16	0.37	0.82	0.05	0.81	0.21	-0.1	0.93	-0.17	0.91	0.31
Common Stock Shares Outstanding	0.7	0.26	0.52	0.79	0.54	0.53	-0.02	-0.24	0.5	0.48	0.21	0.53	0.55		0.32	0.24	0.63	0.42	0.58	0.61	0.32	0.3	0.63	0.16	0.74	0.46
Non Current Liabilities Total	0.53	0.98	0.4	0.0	0.02	-0.32	0.87	0.34	-0.24	0.89	0.5	-0.28	-0.25	0.32		0.03	0.42	-0.46	0.94	-0.21	-0.06	0.94	-0.21	0.48	0.0	0.72
Inventory	0.22	-0.04	0.33	0.19	0.11	0.3	-0.15	0.09	0.27	-0.01	-0.13	0.32	0.16	0.24	0.03		0.63	-0.23	0.09	0.3	0.35	0.05	-0.04	0.68	-0.01	0.01
Other Current Assets	0.73	0.33	0.47	0.5	0.4	0.4	0.09	0.09	0.39	0.48	0.15	0.4	0.37	0.63	0.42	0.63		-0.07	0.56	0.42	0.38	0.48	0.29	0.74	0.33	0.54
Other Stockholder Equity	0.28	-0.47	-0.02	0.7	0.67	0.78	-0.6	-0.29	0.53	-0.1	-0.17	0.58	0.82	0.42	-0.46	-0.23	-0.07		-0.18	0.65	0.08	-0.37	0.89	-0.64	0.82	0.04
Total Liab	0.74	0.91	0.54	0.35	0.28	0.0	0.68	0.26	0.05	0.93	0.47	0.03	0.05	0.58	0.94	0.09	0.56	-0.18		0.12	0.14	0.9	0.11	0.44	0.31	0.8
Total Current Assets	0.48	-0.28	0.15	0.87	0.7	0.9	-0.64	-0.12	0.95	0.0	-0.24	0.97	0.81	0.61	-0.21	0.3	0.42	0.65	0.12		0.61	-0.21	0.83	-0.01	0.8	0.06
Short Term Debt	0.24	-0.04	0.44	0.57	0.03	0.39	-0.37	-0.34	0.76	-0.15	-0.17	0.7	0.21	0.32	-0.06	0.35	0.38	0.08	0.14	0.61		-0.1	0.28	0.34	0.19	-0.1
Intangible Assets	0.62	0.92	0.39	0.07	0.14	-0.21	0.83	0.37	-0.27	0.92	0.54	-0.3	-0.1	0.3	0.94	0.05	0.48	-0.37	0.9	-0.21	-0.1		-0.1	0.51	0.08	0.81
Accounts Payable	0.54	-0.27	0.05	0.87	0.84	0.9	-0.53	-0.17	0.72	0.15	-0.12	0.74	0.93	0.63	-0.21	-0.04	0.29	0.89	0.11	0.83	0.28	-0.1		-0.29	0.95	0.23
Common Stock	0.36	0.41	0.33	0.0	-0.07	-0.08	0.29	0.29	0.07	0.33	0.23	0.04	-0.17	0.16	0.48	0.68	0.74	-0.64	0.44	-0.01	0.34	0.51	-0.29		-0.23	0.32
Current Deferred Revenue	0.67	-0.07	0.17	0.89	0.9	0.85	-0.34	0.0	0.64	0.37	0.0	0.68	0.91	0.74	0.0	-0.01	0.33	0.82	0.31	0.8	0.19	0.08	0.95	-0.23		0.41
Good Will	0.89	0.68	0.49	0.39	0.5	0.18	0.54	0.45	-0.02	0.89	0.58	0.0	0.31	0.46	0.72	0.01	0.54	0.04	0.8	0.06	-0.1	0.81	0.23	0.32	0.41

Click cells to compare fundamentals

Gen Digital Account Relationship Matchups

Gen Digital fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.7B	6.4B	6.9B	15.9B	15.8B	8.5B
Short Long Term Debt Total	4.3B	3.7B	3.8B	9.8B	8.6B	9.0B
Other Current Liab	702M	535M	720M	805M	677M	390.4M
Total Current Liabilities	2.6B	2.1B	3.1B	2.8B	2.6B	2.3B
Total Stockholder Equity	10M	(500M)	(93M)	2.2B	2.2B	3.2B
Property Plant And Equipment Net	326M	154M	134M	119M	72M	68.4M
Net Debt	2.1B	2.8B	1.9B	9.1B	7.8B	8.1B
Retained Earnings	(3.3B)	(2.8B)	(1.9B)	(585M)	(41M)	(43.1M)
Cash	2.2B	933M	1.9B	750M	846M	803.7M
Non Current Assets Total	4.7B	4.8B	4.7B	14.7B	14.4B	15.1B
Non Currrent Assets Other	216M	104M	146M	710M	143M	117.5M
Cash And Short Term Investments	2.3B	951M	1.9B	750M	846M	803.7M
Net Receivables	111M	117M	120M	168M	163M	154.9M
Common Stock Shares Outstanding	643M	600M	591M	624M	642M	634.1M
Liabilities And Stockholders Equity	7.7B	6.4B	6.9B	15.9B	15.8B	8.5B
Non Current Liabilities Total	5.1B	4.7B	4.0B	10.9B	10.9B	11.5B
Other Stockholder Equity	248.2M	248.9M	(4M)	(15M)	30M	28.5M
Total Liab	7.7B	6.9B	7.0B	13.7B	13.6B	14.3B
Total Current Assets	3.1B	1.5B	2.3B	1.2B	1.4B	2.7B
Short Term Debt	784M	339M	1.0B	259M	175M	166.3M
Intangible Assets	1.1B	1.1B	1.0B	3.1B	2.6B	2.8B
Accounts Payable	87M	52M	63M	77M	66M	123.9M
Accumulated Other Comprehensive Income	(16M)	47M	(4M)	(15M)	11M	10.5M
Common Stock	3.4B	2.2B	1.9B	2.8B	2.2B	1.3B
Current Deferred Revenue	1.0B	1.2B	1.3B	1.7B	1.7B	2.2B
Good Will	2.6B	2.9B	2.9B	10.2B	10.2B	5.1B
Short Term Investments	86M	18M	4M	0.0	(397M)	(377.2M)
Net Tangible Assets	(3.6B)	(4.5B)	(4.0B)	(11.1B)	(10.0B)	(9.5B)
Long Term Debt	3.5B	3.3B	2.7B	9.5B	8.4B	5.8B
Net Invested Capital	4.2B	3.1B	3.6B	9.8B	10.8B	7.7B
Long Term Investments	187M	185M	178M	176M	136M	143.7M
Short Long Term Debt	756M	313M	1B	233M	175M	166.3M
Capital Stock	3.4B	2.2B	1.9B	2.8B	2.2B	2.3B
Net Working Capital	457M	(598M)	(805M)	(1.6B)	(1.3B)	(1.2B)
Property Plant Equipment	326M	154M	134M	76M	68.4M	65.0M

Pair Trading with Gen Digital

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 Gen Digital 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 Gen Digital will appreciate offsetting losses from the drop in the long position's value.

Moving together with Gen Stock

0.75	S	SentinelOne	Pair Corr
0.69	GB	Global Blue Group	Pair Corr
0.73	JG	Aurora Mobile	Pair Corr

Moving against Gen Stock

0.81	VRNT	Verint Systems	Pair Corr
0.78	VHAI	VHAI	Pair Corr
0.63	VRAR	Glimpse Group	Pair Corr
0.54	FIVN	Five9 Inc	Pair Corr

The ability to find closely correlated positions to Gen Digital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gen Digital 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 Gen Digital - 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 Gen Digital to buy it.

The correlation of Gen Digital is a statistical measure of how it moves in relation to other instruments. 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 Gen Digital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gen Digital 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 Gen Digital 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 Correlation Correlation Matching

When determining whether Gen Digital offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gen Digital'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 Gen Digital Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gen Digital Stock:

How To Invest In Gen

Details

Is Gen Stock a good investment?

Details

What is Gen Digital's Net Worth?

Details

Largest Application Software Companies

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Largest Software - Infrastructure Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gen Digital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in Gen Stock, please use our How to Invest in Gen Digital guide.

You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Is Application Software space 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 Gen Digital. If investors know Gen 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 Gen Digital 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

0.132

Dividend Share

0.5

Earnings Share

0.99

Revenue Per Share

6.171

Quarterly Revenue Growth

0.031

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

Ebit vs Operating Income

Ebit vs Operating Income Correlation Analysis

Correlation Coefficient

Ebit

Operating Income

Gen Digital fundamental ratios Correlations

Gen Digital Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Gen Digital fundamental ratios Accounts

Pair Trading with Gen Digital

Moving together with Gen Stock

Moving against Gen Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 0.99	Cash
Non Current Liabilities Total	+ 0.98	Short Long Term Debt Total
Total Current Assets	+ 0.97	Cash And Short Term Investments
Net Receivables	+ 0.96	Property Plant And Equipment Net
Total Current Assets	+ 0.95	Cash
Current Deferred Revenue	+ 0.95	Accounts Payable

Cash And Short Term Investments	- 0.7	Net Debt
Cash	- 0.67	Net Debt
Net Debt	- 0.67	Property Plant And Equipment Net
Common Stock	- 0.64	Other Stockholder Equity
Total Current Assets	- 0.64	Net Debt
Other Stockholder Equity	- 0.6	Net Debt