State Operating Income vs Income Tax Expense Analysis

STT Stock

USD 101.24 1.62 1.63%

State Street financial indicator trend analysis is much more than just breaking down State Street Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether State Street Corp is a good investment. Please check the relationship between State Street Operating Income and its Income Tax Expense accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in State Street Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Operating Income vs Income Tax Expense

Operating Income vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of State Street Corp Operating Income account and Income Tax Expense. At this time, the significance of the direction appears to have strong relationship.

The correlation between State Street's Operating Income and Income Tax Expense is 0.76. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of State Street Corp, assuming nothing else is changed. The correlation between historical values of State Street's Operating Income and Income Tax Expense 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 State Street Corp are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Operating Income i.e., State Street's Operating Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Operating Income

Operating Income is the amount of profit realized from State Street Corp 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 State Street Corp 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 Tax Expense

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

At this time, State Street's Issuance Of Capital Stock is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 15.54 in 2025, whereas Sales General And Administrative To Revenue is likely to drop 0.20 in 2025.

	2022	2023	2024	2025 (projected)
Operating Income	3.3B	2.3B	3.4B	1.7B
Other Operating Expenses	10.3B	16.1B	18.6B	19.5B

Operating Income Other Operating Expenses

State Street fundamental ratios Correlations

	Common Stock Shares Outstanding	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	Other Assets	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Property Plant And Equipment Gross	Common Stock	Common Stock Total Equity	Other Liab	Accounts Payable	Long Term Debt
Common Stock Shares Outstanding		0.0	-0.18	0.51	0.75	0.09	-0.25	-0.19	-0.36	0.16	0.5	0.26	-0.35	0.32	0.13	-0.34	0.84	-0.01	0.09	0.09	-0.45	0.31	0.31	0.74	0.08	-0.32
Total Assets	0.0		0.84	-0.15	-0.11	0.71	0.91	-0.06	0.9	0.26	-0.02	-0.25	0.62	0.25	0.05	0.85	-0.4	1.0	0.35	0.54	0.71	0.81	0.82	-0.24	0.06	0.88
Short Long Term Debt Total	-0.18	0.84		-0.22	-0.17	0.31	0.85	0.45	0.82	-0.26	-0.41	-0.17	0.84	-0.03	-0.06	0.75	-0.62	0.85	0.16	0.83	0.82	0.54	0.55	-0.31	-0.13	0.96
Other Current Liab	0.51	-0.15	-0.22		0.82	0.02	-0.25	-0.02	-0.31	-0.03	0.11	-0.14	-0.25	0.19	-0.16	-0.53	0.52	-0.16	0.17	0.01	-0.28	0.08	0.07	0.45	-0.14	-0.3
Total Current Liabilities	0.75	-0.11	-0.17	0.82		-0.01	-0.31	-0.02	-0.42	-0.02	0.17	0.0	-0.29	0.45	-0.24	-0.59	0.71	-0.11	0.28	0.19	-0.34	0.15	0.14	0.74	-0.02	-0.36
Total Stockholder Equity	0.09	0.71	0.31	0.02	-0.01		0.61	-0.56	0.61	0.67	0.4	-0.12	0.12	0.39	0.13	0.57	-0.02	0.69	0.35	-0.02	0.26	0.89	0.89	-0.14	0.15	0.4
Property Plant And Equipment Net	-0.25	0.91	0.85	-0.25	-0.31	0.61		0.06	0.97	0.12	-0.25	-0.32	0.68	0.15	-0.06	0.86	-0.64	0.91	0.37	0.48	0.81	0.67	0.68	-0.47	0.01	0.92
Net Debt	-0.19	-0.06	0.45	-0.02	-0.02	-0.56	0.06		0.01	-0.98	-0.58	0.06	0.43	-0.39	-0.15	-0.05	-0.36	-0.05	-0.23	0.66	0.29	-0.26	-0.25	-0.07	-0.23	0.32
Retained Earnings	-0.36	0.9	0.82	-0.31	-0.42	0.61	0.97	0.01		0.17	-0.25	-0.34	0.73	0.04	-0.01	0.9	-0.71	0.9	0.22	0.4	0.85	0.62	0.62	-0.57	0.0	0.93
Cash	0.16	0.26	-0.26	-0.03	-0.02	0.67	0.12	-0.98	0.17		0.53	-0.1	-0.28	0.41	0.15	0.22	0.25	0.24	0.28	-0.53	-0.14	0.4	0.4	0.0	0.22	-0.14
Non Current Assets Total	0.5	-0.02	-0.41	0.11	0.17	0.4	-0.25	-0.58	-0.25	0.53		0.53	-0.64	0.24	0.42	-0.09	0.61	-0.04	-0.04	-0.4	-0.64	0.36	0.35	0.34	0.04	-0.35
Non Currrent Assets Other	0.26	-0.25	-0.17	-0.14	0.0	-0.12	-0.32	0.06	-0.34	-0.1	0.53		-0.3	-0.27	0.41	-0.2	0.27	-0.26	-0.47	0.01	-0.58	0.04	0.04	0.26	-0.53	-0.25
Other Assets	-0.35	0.62	0.84	-0.25	-0.29	0.12	0.68	0.43	0.73	-0.28	-0.64	-0.3		-0.36	-0.09	0.65	-0.7	0.63	-0.2	0.63	0.89	0.28	0.29	-0.36	-0.2	0.82
Cash And Short Term Investments	0.32	0.25	-0.03	0.19	0.45	0.39	0.15	-0.39	0.04	0.41	0.24	-0.27	-0.36		-0.29	-0.09	0.32	0.24	0.85	0.03	-0.08	0.31	0.3	0.28	0.47	-0.07
Net Receivables	0.13	0.05	-0.06	-0.16	-0.24	0.13	-0.06	-0.15	-0.01	0.15	0.42	0.41	-0.09	-0.29		0.15	0.11	0.05	-0.31	-0.2	-0.18	0.21	0.21	0.1	-0.16	0.02
Non Current Liabilities Total	-0.34	0.85	0.75	-0.53	-0.59	0.57	0.86	-0.05	0.9	0.22	-0.09	-0.2	0.65	-0.09	0.15		-0.64	0.85	0.1	0.33	0.72	0.58	0.59	-0.51	0.05	0.86
Other Stockholder Equity	0.84	-0.4	-0.62	0.52	0.71	-0.02	-0.64	-0.36	-0.71	0.25	0.61	0.27	-0.7	0.32	0.11	-0.64		-0.42	0.03	-0.29	-0.76	0.03	0.02	0.77	0.19	-0.73
Total Liab	-0.01	1.0	0.85	-0.16	-0.11	0.69	0.91	-0.05	0.9	0.24	-0.04	-0.26	0.63	0.24	0.05	0.85	-0.42		0.35	0.56	0.72	0.8	0.81	-0.24	0.06	0.88
Total Current Assets	0.09	0.35	0.16	0.17	0.28	0.35	0.37	-0.23	0.22	0.28	-0.04	-0.47	-0.2	0.85	-0.31	0.1	0.03	0.35		0.13	0.15	0.27	0.27	-0.02	0.41	0.16
Short Term Debt	0.09	0.54	0.83	0.01	0.19	-0.02	0.48	0.66	0.4	-0.53	-0.4	0.01	0.63	0.03	-0.2	0.33	-0.29	0.56	0.13		0.5	0.32	0.33	0.06	-0.2	0.66
Property Plant And Equipment Gross	-0.45	0.71	0.82	-0.28	-0.34	0.26	0.81	0.29	0.85	-0.14	-0.64	-0.58	0.89	-0.08	-0.18	0.72	-0.76	0.72	0.15	0.5		0.32	0.32	-0.5	0.14	0.86
Common Stock	0.31	0.81	0.54	0.08	0.15	0.89	0.67	-0.26	0.62	0.4	0.36	0.04	0.28	0.31	0.21	0.58	0.03	0.8	0.27	0.32	0.32		1.0	0.04	0.02	0.55
Common Stock Total Equity	0.31	0.82	0.55	0.07	0.14	0.89	0.68	-0.25	0.62	0.4	0.35	0.04	0.29	0.3	0.21	0.59	0.02	0.81	0.27	0.33	0.32	1.0		0.04	0.02	0.56
Other Liab	0.74	-0.24	-0.31	0.45	0.74	-0.14	-0.47	-0.07	-0.57	0.0	0.34	0.26	-0.36	0.28	0.1	-0.51	0.77	-0.24	-0.02	0.06	-0.5	0.04	0.04		0.0	-0.47
Accounts Payable	0.08	0.06	-0.13	-0.14	-0.02	0.15	0.01	-0.23	0.0	0.22	0.04	-0.53	-0.2	0.47	-0.16	0.05	0.19	0.06	0.41	-0.2	0.14	0.02	0.02	0.0		-0.1
Long Term Debt	-0.32	0.88	0.96	-0.3	-0.36	0.4	0.92	0.32	0.93	-0.14	-0.35	-0.25	0.82	-0.07	0.02	0.86	-0.73	0.88	0.16	0.66	0.86	0.55	0.56	-0.47	-0.1

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State Street Account Relationship Matchups

State Street fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Common Stock Shares Outstanding	357.1M	358.0M	370.1M	326.6M	302.2M	394.6M
Total Assets	314.7B	314.6B	301.5B	297.3B	353.2B	370.9B
Short Long Term Debt Total	17.8B	13.6B	17.1B	21.5B	33.1B	34.8B
Other Current Liab	2.6B	7.0B	2.5B	4.8B	(9.8B)	(9.3B)
Total Current Liabilities	6.6B	7.1B	8.0B	7.5B	9.8B	9.3B
Total Stockholder Equity	26.2B	27.4B	25.2B	23.8B	25.3B	13.2B
Property Plant And Equipment Net	2.9B	2.8B	2.8B	3.2B	3.5B	3.7B
Net Debt	(102.6B)	(96.4B)	(88.5B)	(70.3B)	30.0B	31.5B
Retained Earnings	23.4B	25.2B	27.0B	28.0B	29.6B	31.1B
Cash	120.4B	110.0B	105.6B	91.8B	3.1B	3.0B
Non Current Assets Total	123.8B	128.8B	51.9B	12.1B	12.3B	11.7B
Non Currrent Assets Other	(719M)	(128.8B)	(65.9B)	(12.1B)	(12.3B)	(12.9B)
Other Assets	43.9B	45.1B	245.5B	230.2B	274.9B	288.6B
Cash And Short Term Investments	179.5B	183.4B	44.5B	48.6B	62.0B	52.0B
Net Receivables	4.0B	4.0B	4.5B	5.7B	4.0B	4.0B
Liabilities And Stockholders Equity	314.7B	314.6B	301.5B	297.3B	353.2B	370.9B
Non Current Liabilities Total	281.9B	287.1B	274.2B	266.0B	318.1B	334.0B
Other Stockholder Equity	(404M)	778M	(606M)	(4.3B)	(5.5B)	(5.2B)
Total Liab	288.5B	287.3B	276.3B	273.5B	327.9B	344.3B
Total Current Assets	147.0B	140.7B	4.0B	54.9B	66.1B	61.9B
Short Term Debt	4.0B	128M	2.1B	2.7B	9.8B	10.3B
Property Plant And Equipment Gross	2.9B	7.7B	8.1B	9.3B	10.0B	10.5B
Accumulated Other Comprehensive Income	187M	(1.1B)	(3.7B)	(2.4B)	(2.1B)	(2.0B)
Other Liab	98M	22M	19M	172M	154.8M	147.1M
Accounts Payable	24.9B	27.5B	255.0B	22.5B	25.9B	24.6B
Long Term Debt	13.8B	13.5B	15.0B	15.5B	23.2B	24.3B
Short Term Investments	59.0B	73.4B	40.6B	44.5B	58.9B	65.1B
Inventory	(184.3B)	(188.6B)	(132.9B)	(130.6B)	(117.5B)	(111.7B)
Treasury Stock	(10.2B)	(10.6B)	(10.0B)	(11.3B)	(10.2B)	(9.7B)
Property Plant Equipment	2.3B	2.2B	2.3B	2.3B	2.7B	1.9B
Good Will	7.7B	7.6B	7.5B	7.6B	7.7B	5.7B
Other Current Assets	147.9B	141.9B	558M	598M	738M	701.1M
Intangible Assets	1.8B	1.8B	1.5B	1.3B	1.1B	1.8B
Preferred Stock Total Equity	3.7B	3.0B	2.5B	2.0B	2.3B	2.0B
Retained Earnings Total Equity	21.9B	23.4B	25.2B	27.0B	31.1B	17.2B
Net Tangible Assets	11.9B	14.2B	16.0B	14.2B	16.3B	13.3B
Long Term Debt Total	12.5B	13.8B	13.5B	15.0B	17.2B	12.5B

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