Light Non Recurring vs Operating Income Analysis

LNW Stock

USD 96.42 2.01 2.13%

Light Wonder financial indicator trend analysis is infinitely more than just investigating Light Wonder recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Light Wonder is a good investment. Please check the relationship between Light Wonder Non Recurring and its Operating Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Light Wonder. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Light Stock please use our How to Invest in Light Wonder guide.

Non Recurring vs Operating Income

Non Recurring vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Light Wonder Non Recurring account and Operating Income. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Light Wonder's Non Recurring and Operating Income is -0.39. Overlapping area represents the amount of variation of Non Recurring that can explain the historical movement of Operating Income in the same time period over historical financial statements of Light Wonder, assuming nothing else is changed. The correlation between historical values of Light Wonder's Non Recurring 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 Non Recurring of Light Wonder 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 Non Recurring i.e., Light Wonder's Non Recurring and Operating Income go up and down completely randomly.

Correlation Coefficient

-0.39

Relationship Direction	Negative
Relationship Strength	Insignificant

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Non Recurring

Operating Income

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

For more information on how to buy Light Stock please use our How to Invest in Light Wonder guide.At this time, Light Wonder's Tax Provision is fairly stable compared to the past year. Discontinued Operations is likely to climb to about 4.7 B in 2024, whereas Enterprise Value Over EBITDA is likely to drop 10.14 in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	478M	327M	324M	177.0M
Depreciation And Amortization	398M	420M	384M	212.9M

Interest Expense Depreciation And Amortization

Light Wonder 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	Short Term Investments	Common Stock	Current Deferred Revenue
Total Assets		0.95	0.8	0.82	-0.61	0.63	0.94	-0.64	0.37	0.99	0.28	0.37	0.81	0.61	0.96	0.82	0.23	0.62	0.96	0.8	0.82	0.9	0.6	0.47	0.59	0.53
Short Long Term Debt Total	0.95		0.8	0.82	-0.83	0.55	1.0	-0.83	0.34	0.94	0.3	0.34	0.77	0.52	1.0	0.77	0.24	0.65	1.0	0.77	0.79	0.88	0.58	0.37	0.5	0.69
Other Current Liab	0.8	0.8		0.96	-0.57	0.26	0.77	-0.62	0.61	0.75	0.58	0.61	0.61	0.59	0.8	0.56	0.43	0.71	0.81	0.88	0.94	0.57	0.71	0.55	0.56	0.35
Total Current Liabilities	0.82	0.82	0.96		-0.54	0.31	0.8	-0.57	0.57	0.78	0.42	0.57	0.78	0.64	0.82	0.7	0.33	0.68	0.83	0.92	0.95	0.62	0.87	0.65	0.67	0.4
Total Stockholder Equity	-0.61	-0.83	-0.57	-0.54		-0.27	-0.83	0.98	-0.18	-0.6	-0.3	-0.18	-0.45	-0.24	-0.81	-0.42	-0.23	-0.56	-0.81	-0.48	-0.46	-0.6	-0.3	-0.03	-0.18	-0.79
Property Plant And Equipment Net	0.63	0.55	0.26	0.31	-0.27		0.59	-0.28	-0.19	0.69	-0.11	-0.19	0.66	0.44	0.57	0.73	0.2	0.23	0.56	0.27	0.4	0.76	0.25	0.43	0.47	0.3
Net Debt	0.94	1.0	0.77	0.8	-0.83	0.59		-0.83	0.26	0.94	0.29	0.26	0.78	0.5	1.0	0.78	0.21	0.62	0.99	0.72	0.77	0.9	0.58	0.36	0.48	0.68
Retained Earnings	-0.64	-0.83	-0.62	-0.57	0.98	-0.28	-0.83		-0.25	-0.61	-0.39	-0.25	-0.42	-0.34	-0.82	-0.39	-0.35	-0.69	-0.82	-0.53	-0.49	-0.56	-0.28	-0.09	-0.22	-0.78
Cash	0.37	0.34	0.61	0.57	-0.18	-0.19	0.26	-0.25		0.25	0.19	1.0	0.19	0.38	0.33	0.21	0.3	0.53	0.35	0.8	0.51	0.08	0.34	0.31	0.33	0.32
Non Current Assets Total	0.99	0.94	0.75	0.78	-0.6	0.69	0.94	-0.61	0.25		0.26	0.25	0.81	0.57	0.95	0.83	0.17	0.55	0.95	0.72	0.79	0.93	0.58	0.45	0.57	0.5
Non Currrent Assets Other	0.28	0.3	0.58	0.42	-0.3	-0.11	0.29	-0.39	0.19	0.26		0.19	-0.05	0.25	0.3	-0.2	0.49	0.55	0.31	0.27	0.37	0.0	0.15	0.09	0.08	-0.14
Cash And Short Term Investments	0.37	0.34	0.61	0.57	-0.18	-0.19	0.26	-0.25	1.0	0.25	0.19		0.19	0.38	0.33	0.21	0.3	0.53	0.35	0.8	0.51	0.08	0.34	0.31	0.33	0.32
Net Receivables	0.81	0.77	0.61	0.78	-0.45	0.66	0.78	-0.42	0.19	0.81	-0.05	0.19		0.54	0.78	0.94	0.06	0.39	0.78	0.69	0.72	0.82	0.83	0.62	0.68	0.45
Common Stock Shares Outstanding	0.61	0.52	0.59	0.64	-0.24	0.44	0.5	-0.34	0.38	0.57	0.25	0.38	0.54		0.52	0.5	0.37	0.72	0.54	0.61	0.65	0.36	0.54	0.87	0.93	0.15
Non Current Liabilities Total	0.96	1.0	0.8	0.82	-0.81	0.57	1.0	-0.82	0.33	0.95	0.3	0.33	0.78	0.52		0.78	0.23	0.64	1.0	0.77	0.79	0.89	0.58	0.37	0.5	0.68
Inventory	0.82	0.77	0.56	0.7	-0.42	0.73	0.78	-0.39	0.21	0.83	-0.2	0.21	0.94	0.5	0.78		-0.07	0.32	0.78	0.67	0.72	0.89	0.7	0.58	0.63	0.49
Other Current Assets	0.23	0.24	0.43	0.33	-0.23	0.2	0.21	-0.35	0.3	0.17	0.49	0.3	0.06	0.37	0.23	-0.07		0.57	0.25	0.36	0.29	-0.03	0.12	0.25	0.24	0.22
Other Stockholder Equity	0.62	0.65	0.71	0.68	-0.56	0.23	0.62	-0.69	0.53	0.55	0.55	0.53	0.39	0.72	0.64	0.32	0.57		0.65	0.7	0.64	0.32	0.4	0.49	0.5	0.47
Total Liab	0.96	1.0	0.81	0.83	-0.81	0.56	0.99	-0.82	0.35	0.95	0.31	0.35	0.78	0.54	1.0	0.78	0.25	0.65		0.78	0.8	0.88	0.59	0.38	0.51	0.67
Total Current Assets	0.8	0.77	0.88	0.92	-0.48	0.27	0.72	-0.53	0.8	0.72	0.27	0.8	0.69	0.61	0.77	0.67	0.36	0.7	0.78		0.86	0.57	0.72	0.57	0.61	0.52
Short Term Debt	0.82	0.79	0.94	0.95	-0.46	0.4	0.77	-0.49	0.51	0.79	0.37	0.51	0.72	0.65	0.79	0.72	0.29	0.64	0.8	0.86		0.65	0.79	0.69	0.67	0.32
Intangible Assets	0.9	0.88	0.57	0.62	-0.6	0.76	0.9	-0.56	0.08	0.93	0.0	0.08	0.82	0.36	0.89	0.89	-0.03	0.32	0.88	0.57	0.65		0.49	0.3	0.41	0.54
Accounts Payable	0.6	0.58	0.71	0.87	-0.3	0.25	0.58	-0.28	0.34	0.58	0.15	0.34	0.83	0.54	0.58	0.7	0.12	0.4	0.59	0.72	0.79	0.49		0.72	0.71	0.22
Short Term Investments	0.47	0.37	0.55	0.65	-0.03	0.43	0.36	-0.09	0.31	0.45	0.09	0.31	0.62	0.87	0.37	0.58	0.25	0.49	0.38	0.57	0.69	0.3	0.72		0.94	-0.02
Common Stock	0.59	0.5	0.56	0.67	-0.18	0.47	0.48	-0.22	0.33	0.57	0.08	0.33	0.68	0.93	0.5	0.63	0.24	0.5	0.51	0.61	0.67	0.41	0.71	0.94		0.12
Current Deferred Revenue	0.53	0.69	0.35	0.4	-0.79	0.3	0.68	-0.78	0.32	0.5	-0.14	0.32	0.45	0.15	0.68	0.49	0.22	0.47	0.67	0.52	0.32	0.54	0.22	-0.02	0.12

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Light Wonder Account Relationship Matchups

Light Wonder fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.8B	8.0B	7.9B	6.0B	5.6B	2.9B
Short Long Term Debt Total	8.8B	9.4B	8.7B	3.9B	3.9B	2.6B
Other Current Liab	366M	561M	675M	331M	360M	378M
Total Current Liabilities	766M	833M	974M	622M	696M	730.8M
Total Stockholder Equity	(2.1B)	(2.5B)	(2.1B)	1.2B	765M	803.3M
Property Plant And Equipment Net	605M	509M	264M	253M	288M	333.0M
Net Debt	8.5B	8.4B	8.1B	3.0B	3.5B	2.5B
Retained Earnings	(3.0B)	(3.5B)	(3.2B)	517M	680M	714M
Cash	313M	1.0B	585M	914M	425M	446.3M
Non Current Assets Total	6.2B	5.8B	6.2B	4.3B	4.2B	2.3B
Non Currrent Assets Other	209M	194M	1.6B	37M	40M	38M
Cash And Short Term Investments	313M	1.0B	585M	914M	425M	446.3M
Net Receivables	755M	438M	423M	455M	530M	556.5M
Common Stock Shares Outstanding	89M	91M	93M	95M	98M	67.3M
Liabilities And Stockholders Equity	7.8B	8.0B	7.9B	6.0B	5.6B	2.9B
Non Current Liabilities Total	9.2B	9.7B	9.0B	4.2B	4.1B	2.8B
Inventory	244M	191M	98M	161M	177M	185.9M
Other Current Assets	303M	696M	626M	164M	179M	135.8M
Other Stockholder Equity	1.1B	1.1B	1.2B	790M	367M	433.8M
Total Liab	9.9B	10.5B	10.0B	4.8B	4.8B	3.1B
Total Current Assets	1.6B	2.2B	1.7B	1.7B	1.3B	1.4B
Intangible Assets	1.8B	1.5B	1.1B	942M	763M	612.2M
Accounts Payable	226M	150M	204M	154M	241M	253.1M
Accumulated Other Comprehensive Income	(292M)	(218M)	(261M)	(318M)	(283M)	(268.9M)
Current Deferred Revenue	129M	151M	31M	32M	25M	23.8M
Good Will	3.3B	3.3B	2.9B	2.9B	2.9B	1.9B
Other Liab	367M	352M	326M	319M	287.1M	289.0M
Net Tangible Assets	(7.3B)	(6.6B)	(6.2B)	(2.1B)	(2.4B)	(2.5B)
Other Assets	221M	1.5B	1.9B	171M	196.7M	186.8M
Long Term Debt	8.7B	9.3B	8.6B	3.9B	3.9B	5.8B
Net Invested Capital	6.5B	6.7B	6.4B	4.9B	4.6B	4.8B
Non Current Liabilities Other	292M	260M	170M	269M	180M	200.7M
Net Working Capital	849M	1.3B	758M	1.1B	615M	964.9M
Property Plant Equipment	605M	294M	264M	204M	183.6M	306.2M

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Light Non Recurring vs Operating Income Analysis

Non Recurring vs Operating Income

Non Recurring vs Operating Income Correlation Analysis

Correlation Coefficient

Non Recurring

Operating Income

Light Wonder fundamental ratios Correlations

Light Wonder Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Light Wonder fundamental ratios Accounts

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Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Net Debt
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total

Retained Earnings	- 0.83	Net Debt
Net Debt	- 0.83	Total Stockholder Equity
Retained Earnings	- 0.83	Short Long Term Debt Total
Total Stockholder Equity	- 0.83	Short Long Term Debt Total
Total Liab	- 0.82	Retained Earnings
Non Current Liabilities Total	- 0.82	Retained Earnings