Seagate Tax Provision vs Operating Income Analysis

STX Stock

USD 87.31 0.23 0.26%

Seagate Technology financial indicator trend analysis is much more than just breaking down Seagate Technology PLC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Seagate Technology PLC is a good investment. Please check the relationship between Seagate Technology Tax Provision and its Operating Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Seagate Technology PLC. 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.

Tax Provision vs Operating Income

Tax Provision vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Seagate Technology PLC Tax Provision account and Operating Income. At this time, the significance of the direction appears to have no relationship.

The correlation between Seagate Technology's Tax Provision and Operating Income is 0.04. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Operating Income in the same time period over historical financial statements of Seagate Technology PLC, assuming nothing else is changed. The correlation between historical values of Seagate Technology's Tax Provision 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 Tax Provision of Seagate Technology PLC 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 Tax Provision i.e., Seagate Technology's Tax Provision and Operating Income go up and down completely randomly.

Correlation Coefficient

0.04

Relationship Direction	Positive
Relationship Strength	Insignificant

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Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Operating Income

Operating Income is the amount of profit realized from Seagate Technology PLC 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 Seagate Technology PLC 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 Seagate Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Seagate Technology PLC 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 Seagate Technology PLC. 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, Seagate Technology's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 115.5 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 55.2 M in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	11.7B	7.4B	6.6B	9.8B
Depreciation And Amortization	451M	513M	264M	931M

Total Revenue Depreciation And Amortization

Seagate Technology fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Common Stock Shares Outstanding	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Other Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.34	-0.18	0.32	0.56	0.43	0.44	0.68	0.0	0.02	0.69	0.65	0.61	-0.2	-0.19	0.34	0.66	0.8	0.06	0.34	0.49	-0.07	0.5	0.43	-0.17	0.86
Total Stockholder Equity	0.34		0.73	-0.76	0.1	-0.35	0.27	0.02	-0.9	0.93	-0.19	0.48	-0.42	-0.58	-0.74	-0.72	0.61	0.62	0.48	-0.72	-0.57	0.18	-0.59	-0.71	-0.82	0.55
Common Stock Shares Outstanding	-0.18	0.73		-0.91	0.05	-0.23	0.26	-0.14	-0.88	0.91	-0.31	0.13	-0.79	-0.39	-0.47	-0.86	0.28	0.3	0.58	-0.92	-0.84	0.66	-0.88	-0.83	-0.62	0.26
Short Long Term Debt Total	0.32	-0.76	-0.91		0.13	0.51	-0.07	0.38	0.9	-0.92	0.53	0.02	0.84	0.38	0.59	0.98	-0.13	-0.15	-0.57	0.98	0.89	-0.37	0.93	0.97	0.64	-0.03
Other Current Liab	0.56	0.1	0.05	0.13		0.64	0.44	0.31	0.03	-0.01	0.68	0.2	0.26	0.1	-0.12	0.13	0.29	0.5	0.37	0.12	0.28	0.34	0.22	0.32	-0.03	0.55
Total Current Liabilities	0.43	-0.35	-0.23	0.51	0.64		0.5	0.66	0.49	-0.41	0.89	-0.07	0.54	0.25	0.5	0.49	-0.06	0.34	0.07	0.4	0.62	0.41	0.53	0.67	0.41	0.37
Other Liab	0.44	0.27	0.26	-0.07	0.44	0.5		0.43	-0.17	0.2	0.49	0.25	0.18	-0.05	-0.12	-0.08	0.35	0.49	0.44	-0.1	0.02	0.44	0.08	0.08	-0.15	0.55
Property Plant And Equipment Net	0.68	0.02	-0.14	0.38	0.31	0.66	0.43		0.21	-0.15	0.81	0.3	0.6	0.0	0.4	0.44	0.32	0.64	0.07	0.35	0.51	0.32	0.54	0.51	0.09	0.68
Net Debt	0.0	-0.9	-0.88	0.9	0.03	0.49	-0.17	0.21		-0.96	0.43	-0.42	0.7	0.57	0.66	0.85	-0.55	-0.32	-0.49	0.86	0.83	-0.33	0.8	0.86	0.81	-0.35
Retained Earnings	0.02	0.93	0.91	-0.92	-0.01	-0.41	0.2	-0.15	-0.96		-0.37	0.3	-0.69	-0.54	-0.69	-0.88	0.44	0.43	0.51	-0.9	-0.79	0.36	-0.83	-0.87	-0.79	0.36
Accounts Payable	0.69	-0.19	-0.31	0.53	0.68	0.89	0.49	0.81	0.43	-0.37		0.11	0.69	0.17	0.35	0.53	0.13	0.57	0.13	0.5	0.7	0.26	0.66	0.71	0.34	0.57
Cash	0.65	0.48	0.13	0.02	0.2	-0.07	0.25	0.3	-0.42	0.3	0.11		0.15	-0.52	-0.29	0.09	0.97	0.42	-0.07	0.07	-0.05	-0.02	0.1	0.03	-0.51	0.74
Non Current Assets Total	0.61	-0.42	-0.79	0.84	0.26	0.54	0.18	0.6	0.7	-0.69	0.69	0.15		0.27	0.4	0.85	0.04	0.18	-0.41	0.84	0.85	-0.33	0.95	0.87	0.34	0.23
Non Currrent Assets Other	-0.2	-0.58	-0.39	0.38	0.1	0.25	-0.05	0.0	0.57	-0.54	0.17	-0.52	0.27		0.43	0.42	-0.56	-0.22	-0.21	0.4	0.34	0.1	0.34	0.41	0.59	-0.32
Other Assets	-0.19	-0.74	-0.47	0.59	-0.12	0.5	-0.12	0.4	0.66	-0.69	0.35	-0.29	0.4	0.43		0.64	-0.39	-0.36	-0.37	0.52	0.5	0.19	0.54	0.59	0.6	-0.24
Long Term Debt	0.34	-0.72	-0.86	0.98	0.13	0.49	-0.08	0.44	0.85	-0.88	0.53	0.09	0.85	0.42	0.64		-0.06	-0.12	-0.61	0.97	0.84	-0.27	0.93	0.95	0.57	0.03
Cash And Short Term Investments	0.66	0.61	0.28	-0.13	0.29	-0.06	0.35	0.32	-0.55	0.44	0.13	0.97	0.04	-0.56	-0.39	-0.06		0.52	0.16	-0.07	-0.15	0.1	-0.01	-0.08	-0.57	0.81
Net Receivables	0.8	0.62	0.3	-0.15	0.5	0.34	0.49	0.64	-0.32	0.43	0.57	0.42	0.18	-0.22	-0.36	-0.12	0.52		0.39	-0.13	0.13	0.28	0.03	0.01	-0.3	0.88
Short Term Investments	0.06	0.48	0.58	-0.57	0.37	0.07	0.44	0.07	-0.49	0.51	0.13	-0.07	-0.41	-0.21	-0.37	-0.61	0.16	0.39		-0.53	-0.37	0.47	-0.41	-0.41	-0.17	0.33
Non Current Liabilities Total	0.34	-0.72	-0.92	0.98	0.12	0.4	-0.1	0.35	0.86	-0.9	0.5	0.07	0.84	0.4	0.52	0.97	-0.07	-0.13	-0.53		0.85	-0.41	0.94	0.95	0.63	0.0
Inventory	0.49	-0.57	-0.84	0.89	0.28	0.62	0.02	0.51	0.83	-0.79	0.7	-0.05	0.85	0.34	0.5	0.84	-0.15	0.13	-0.37	0.85		-0.36	0.91	0.91	0.65	0.13
Other Current Assets	-0.07	0.18	0.66	-0.37	0.34	0.41	0.44	0.32	-0.33	0.36	0.26	-0.02	-0.33	0.1	0.19	-0.27	0.1	0.28	0.47	-0.41	-0.36		-0.34	-0.2	-0.11	0.34
Other Stockholder Equity	0.5	-0.59	-0.88	0.93	0.22	0.53	0.08	0.54	0.8	-0.83	0.66	0.1	0.95	0.34	0.54	0.93	-0.01	0.03	-0.41	0.94	0.91	-0.34		0.95	0.54	0.14
Total Liab	0.43	-0.71	-0.83	0.97	0.32	0.67	0.08	0.51	0.86	-0.87	0.71	0.03	0.87	0.41	0.59	0.95	-0.08	0.01	-0.41	0.95	0.91	-0.2	0.95		0.65	0.12
Property Plant And Equipment Gross	-0.17	-0.82	-0.62	0.64	-0.03	0.41	-0.15	0.09	0.81	-0.79	0.34	-0.51	0.34	0.59	0.6	0.57	-0.57	-0.3	-0.17	0.63	0.65	-0.11	0.54	0.65		-0.33
Total Current Assets	0.86	0.55	0.26	-0.03	0.55	0.37	0.55	0.68	-0.35	0.36	0.57	0.74	0.23	-0.32	-0.24	0.03	0.81	0.88	0.33	0.0	0.13	0.34	0.14	0.12	-0.33

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Seagate Technology Account Relationship Matchups

Seagate Technology fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.9B	8.7B	8.9B	7.6B	7.7B	7.1B
Total Stockholder Equity	1.8B	631M	109M	(1.2B)	(1.5B)	1.5B
Common Stock Shares Outstanding	265M	245M	224M	207M	212M	488M
Liabilities And Stockholders Equity	8.9B	8.7B	8.9B	7.6B	7.7B	7.1B
Short Long Term Debt Total	4.2B	5.1B	5.6B	5.5B	6.1B	2.7B
Other Current Liab	895M	936M	899M	875M	834M	850M
Total Current Liabilities	2.7B	2.9B	3.6B	2.6B	3.1B	3.2B
Other Liab	238M	216M	229M	218M	250.7M	296.3M
Property Plant And Equipment Net	2.1B	2.2B	2.2B	1.7B	2.0B	2.2B
Net Debt	2.5B	3.9B	5.0B	4.7B	4.7B	1.3B
Retained Earnings	(4.9B)	(6.3B)	(7.1B)	(8.7B)	(9.0B)	(2.1B)
Accounts Payable	1.8B	1.7B	2.1B	1.6B	1.8B	1.6B
Cash	1.7B	1.2B	615M	786M	1.4B	1.4B
Non Current Assets Total	4.8B	4.9B	4.9B	4.7B	4.4B	2.8B
Non Currrent Assets Other	70M	119M	314M	271M	575M	209.3M
Other Assets	1.2B	1.1B	1.4B	1.4B	1.6B	1.7B
Long Term Debt	4.2B	4.9B	5.1B	5.4B	5.2B	3.3B
Cash And Short Term Investments	1.7B	1.2B	615M	786M	1.4B	1.5B
Net Receivables	989M	1.1B	1.2B	1.5B	621M	1.0B
Non Current Liabilities Total	4.4B	5.1B	5.3B	6.2B	6.1B	2.4B
Inventory	1.1B	1.2B	1.6B	1.1B	1.2B	587M
Other Current Assets	135M	208M	254M	358M	196M	1.1B
Other Stockholder Equity	6.8B	7.0B	7.2B	7.4B	7.5B	3.6B
Total Liab	7.1B	8.0B	8.8B	8.8B	9.2B	5.6B
Total Current Assets	4.1B	3.8B	4.0B	2.9B	3.3B	4.3B
Accumulated Other Comprehensive Income	(34M)	(66M)	(41M)	36M	98M	(6M)
Intangible Assets	58M	29M	9M	42M	48.3M	45.9M
Property Plant Equipment	2.2B	2.2B	2.2B	1.7B	2.0B	2.1B
Current Deferred Revenue	417M	1.1B	1.1B	1.1B	147M	94M
Net Tangible Assets	492M	(635M)	(1.1B)	(2.4B)	(2.2B)	(2.1B)
Retained Earnings Total Equity	(4.7B)	(4.3B)	(4.9B)	(8.7B)	(7.8B)	(7.4B)
Long Term Debt Total	4.3B	4.3B	4.2B	5.4B	6.2B	4.4B
Capital Surpluse	6.4B	6.5B	6.8B	7.4B	8.5B	6.5B
Non Current Liabilities Other	132M	154M	135M	685M	861M	904.1M
Common Stock	1.8B	631M	109M	7.5B	8.6B	9.0B

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Seagate Tax Provision vs Operating Income Analysis

Tax Provision vs Operating Income

Tax Provision vs Operating Income Correlation Analysis

Correlation Coefficient

Tax Provision

Operating Income

Seagate Technology fundamental ratios Correlations

Seagate Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Seagate Technology fundamental ratios Accounts

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Long Term Debt	+ 0.98	Short Long Term Debt Total
Non Current Liabilities Total	+ 0.98	Short Long Term Debt Total
Total Liab	+ 0.97	Short Long Term Debt Total
Cash And Short Term Investments	+ 0.97	Cash
Non Current Liabilities Total	+ 0.97	Long Term Debt
Other Stockholder Equity	+ 0.95	Non Current Assets Total

Retained Earnings	- 0.96	Net Debt
Retained Earnings	- 0.92	Short Long Term Debt Total
Non Current Liabilities Total	- 0.92	Common Stock Shares Outstanding
Short Long Term Debt Total	- 0.91	Common Stock Shares Outstanding
Non Current Liabilities Total	- 0.9	Retained Earnings
Net Debt	- 0.9	Total Stockholder Equity