ING Income Before Tax vs Operating Income Analysis

ING Stock

USD 15.94 0.22 1.40%

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

Income Before Tax vs Operating Income

Income Before Tax vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ING Group NV Income Before Tax account and Operating Income. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between ING Group's Income Before Tax and Operating Income is -0.08. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Operating Income in the same time period over historical financial statements of ING Group NV, assuming nothing else is changed. The correlation between historical values of ING Group's Income Before Tax 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 Income Before Tax of ING Group NV 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 Income Before Tax i.e., ING Group's Income Before Tax and Operating Income go up and down completely randomly.

Correlation Coefficient

-0.08

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on ING Group income statement and is an important metric when analyzing ING Group NV 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.

Operating Income

Operating Income is the amount of profit realized from ING Group NV 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 ING Group NV 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 ING Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ING Group NV 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 ING Group NV. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

At this time, ING Group's Selling General Administrative is most likely to decrease significantly in the upcoming years. The ING Group's current Enterprise Value is estimated to increase to about 164.7 B, while Tax Provision is projected to decrease to roughly 2.1 B.

	2021	2022	2023	2024 (projected)
Interest Expense	7.5B	14.7B	36.3B	33.0B
Depreciation And Amortization	834M	711M	674M	685.2M

Interest Expense Depreciation And Amortization

ING Group 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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Total Liab	Total Current Assets	Short Term Debt	Retained Earnings	Common Stock	Other Liab	Long Term Debt	Property Plant Equipment	Short Term Investments	Other Stockholder Equity
Total Assets		0.4	0.34	0.31	0.6	0.28	0.08	-0.06	0.23	0.14	-0.32	0.89	0.08	0.29	0.76	0.56	0.54	0.07	0.44	0.77	-0.12	0.52	0.58	0.65	0.59	-0.3
Short Long Term Debt Total	0.4		-0.11	-0.04	-0.05	0.09	0.81	0.17	-0.53	0.02	-0.72	0.5	-0.35	0.72	0.03	0.62	0.71	-0.57	0.71	0.16	-0.07	0.75	0.67	0.41	-0.03	-0.23
Other Current Liab	0.34	-0.11		0.79	0.34	0.55	-0.4	-0.32	0.71	0.57	0.4	0.25	-0.17	-0.44	0.13	0.24	-0.2	0.78	-0.14	0.33	-0.39	-0.17	0.32	0.35	0.13	0.12
Total Current Liabilities	0.31	-0.04	0.79		0.23	0.52	-0.29	-0.45	0.55	0.29	0.3	0.38	-0.12	-0.33	0.07	0.52	-0.1	0.54	0.14	0.28	-0.35	-0.01	0.51	0.44	0.14	0.13
Total Stockholder Equity	0.6	-0.05	0.34	0.23		-0.09	-0.37	-0.11	0.44	0.0	0.25	0.47	0.28	-0.35	0.9	0.17	0.11	0.37	-0.13	0.65	0.32	-0.21	0.11	-0.01	0.77	-0.53
Property Plant And Equipment Net	0.28	0.09	0.55	0.52	-0.09		-0.08	-0.04	0.27	0.19	-0.04	0.16	0.12	0.11	-0.07	0.1	-0.32	0.23	0.26	0.21	-0.43	0.3	0.33	0.81	-0.22	0.28
Net Debt	0.08	0.81	-0.4	-0.29	-0.37	-0.08		0.31	-0.86	-0.08	-0.69	0.28	-0.46	0.78	-0.22	0.47	0.63	-0.79	0.66	-0.15	0.03	0.69	0.26	0.27	-0.22	-0.17
Accounts Payable	-0.06	0.17	-0.32	-0.45	-0.11	-0.04	0.31		-0.35	-0.17	-0.45	0.09	-0.13	0.32	0.04	-0.07	-0.16	-0.37	0.13	-0.18	0.25	0.22	-0.1	0.08	-0.01	-0.22
Cash	0.23	-0.53	0.71	0.55	0.44	0.27	-0.86	-0.35		0.42	0.56	0.01	0.18	-0.71	0.27	-0.2	-0.41	0.91	-0.49	0.37	-0.19	-0.51	0.03	0.01	0.32	0.18
Non Current Assets Total	0.14	0.02	0.57	0.29	0.0	0.19	-0.08	-0.17	0.42		0.3	-0.04	-0.71	-0.31	-0.13	-0.09	0.09	0.54	-0.27	0.26	-0.25	-0.24	0.06	0.05	0.09	0.34
Non Currrent Assets Other	-0.32	-0.72	0.4	0.3	0.25	-0.04	-0.69	-0.45	0.56	0.3		-0.45	0.07	-0.88	-0.02	-0.46	-0.54	0.76	-0.63	0.12	-0.1	-0.81	-0.45	-0.44	-0.05	0.39
Other Assets	0.89	0.5	0.25	0.38	0.47	0.16	0.28	0.09	0.01	-0.04	-0.45		-0.05	0.39	0.64	0.82	0.59	-0.12	0.61	0.54	-0.11	0.64	0.67	0.63	0.51	-0.37
Cash And Short Term Investments	0.08	-0.35	-0.17	-0.12	0.28	0.12	-0.46	-0.13	0.18	-0.71	0.07	-0.05		-0.07	0.34	-0.25	-0.35	0.03	-0.02	0.14	0.09	-0.02	-0.15	0.05	0.02	-0.14
Net Receivables	0.29	0.72	-0.44	-0.33	-0.35	0.11	0.78	0.32	-0.71	-0.31	-0.88	0.39	-0.07		-0.06	0.43	0.58	-0.83	0.66	-0.11	-0.16	0.89	0.45	0.5	-0.14	-0.15
Common Stock Shares Outstanding	0.76	0.03	0.13	0.07	0.9	-0.07	-0.22	0.04	0.27	-0.13	-0.02	0.64	0.34	-0.06		0.24	0.26	0.14	0.03	0.72	0.3	0.07	0.16	0.19	0.81	-0.54
Non Current Liabilities Total	0.56	0.62	0.24	0.52	0.17	0.1	0.47	-0.07	-0.2	-0.09	-0.46	0.82	-0.25	0.43	0.24		0.61	-0.25	0.65	0.2	-0.17	0.64	0.77	0.51	0.25	-0.33
Total Liab	0.54	0.71	-0.2	-0.1	0.11	-0.32	0.63	-0.16	-0.41	0.09	-0.54	0.59	-0.35	0.58	0.26	0.61		-0.47	0.51	0.26	0.0	0.58	0.5	0.17	0.31	-0.28
Total Current Assets	0.07	-0.57	0.78	0.54	0.37	0.23	-0.79	-0.37	0.91	0.54	0.76	-0.12	0.03	-0.83	0.14	-0.25	-0.47		-0.54	0.34	-0.26	-0.62	-0.1	-0.1	0.13	0.31
Short Term Debt	0.44	0.71	-0.14	0.14	-0.13	0.26	0.66	0.13	-0.49	-0.27	-0.63	0.61	-0.02	0.66	0.03	0.65	0.51	-0.54		0.17	-0.08	0.84	0.57	0.63	-0.15	-0.12
Retained Earnings	0.77	0.16	0.33	0.28	0.65	0.21	-0.15	-0.18	0.37	0.26	0.12	0.54	0.14	-0.11	0.72	0.2	0.26	0.34	0.17		-0.05	0.18	0.33	0.38	0.46	-0.04
Common Stock	-0.12	-0.07	-0.39	-0.35	0.32	-0.43	0.03	0.25	-0.19	-0.25	-0.1	-0.11	0.09	-0.16	0.3	-0.17	0.0	-0.26	-0.08	-0.05		-0.28	-0.45	-0.37	0.51	-0.75
Other Liab	0.52	0.75	-0.17	-0.01	-0.21	0.3	0.69	0.22	-0.51	-0.24	-0.81	0.64	-0.02	0.89	0.07	0.64	0.58	-0.62	0.84	0.18	-0.28		0.67	0.73	-0.11	-0.08
Long Term Debt	0.58	0.67	0.32	0.51	0.11	0.33	0.26	-0.1	0.03	0.06	-0.45	0.67	-0.15	0.45	0.16	0.77	0.5	-0.1	0.57	0.33	-0.45	0.67		0.57	0.08	0.01
Property Plant Equipment	0.65	0.41	0.35	0.44	-0.01	0.81	0.27	0.08	0.01	0.05	-0.44	0.63	0.05	0.5	0.19	0.51	0.17	-0.1	0.63	0.38	-0.37	0.73	0.57		0.02	0.03
Short Term Investments	0.59	-0.03	0.13	0.14	0.77	-0.22	-0.22	-0.01	0.32	0.09	-0.05	0.51	0.02	-0.14	0.81	0.25	0.31	0.13	-0.15	0.46	0.51	-0.11	0.08	0.02		-0.69
Other Stockholder Equity	-0.3	-0.23	0.12	0.13	-0.53	0.28	-0.17	-0.22	0.18	0.34	0.39	-0.37	-0.14	-0.15	-0.54	-0.33	-0.28	0.31	-0.12	-0.04	-0.75	-0.08	0.01	0.03	-0.69

Click cells to compare fundamentals

ING Group Account Relationship Matchups

ING Group fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	891.7B	937.4B	951.3B	967.8B	975.6B	1.0T
Short Long Term Debt Total	135.1B	79.0B	116.0B	119.5B	163.3B	114.1B
Other Current Liab	353.6B	372.1B	344.9B	361.1B	593.3B	622.9B
Total Current Liabilities	476.2B	416.6B	401.1B	640.8B	593.3B	622.9B
Total Stockholder Equity	53.8B	47.7B	53.9B	49.9B	52.2B	42.7B
Property Plant And Equipment Net	1.7B	3.2B	2.8B	2.5B	2.4B	2.7B
Net Debt	81.9B	(33.3B)	8.0B	32.2B	73.4B	82.8B
Accounts Payable	4.7B	4.9B	5.1B	(444.1B)	(68.5B)	(65.1B)
Cash	53.2B	112.2B	108.0B	87.3B	89.9B	94.4B
Non Current Assets Total	179.7B	108.7B	113.1B	194.1B	825.1B	866.4B
Non Currrent Assets Other	(730M)	(773M)	(957M)	85.7B	8.7B	9.1B
Other Assets	625.0B	680.4B	699.1B	653.9B	752.0B	827.7B
Cash And Short Term Investments	86.0B	147.1B	137.8B	118.6B	(90.2B)	(85.7B)
Net Receivables	1.1B	1.2B	1.4B	1.3B	834M	792.3M
Common Stock Shares Outstanding	3.9B	3.9B	3.9B	3.6B	3.6B	3.3B
Liabilities And Stockholders Equity	891.7B	937.4B	951.3B	967.8B	975.6B	1.0T
Non Current Liabilities Total	135.8B	79.6B	116.6B	279.0B	330.1B	268.8B
Total Liab	135.8B	79.6B	116.6B	917.4B	923.4B	638.7B
Total Current Assets	87.0B	148.3B	139.2B	119.9B	150.4B	158.0B
Short Term Debt	117.8B	39.6B	51.1B	83.0B	68.5B	73.3B
Retained Earnings	35.9B	28.3B	37.3B	34.9B	36.9B	32.3B
Accumulated Other Comprehensive Income	811M	2.3B	1.1B	(985M)	(2.8B)	(2.6B)
Common Stock	17.1B	17.1B	525M	37M	35M	36.8M
Other Liab	12.5B	11.2B	14.7B	15.5B	13.9B	13.2B
Long Term Debt	83.3B	97.9B	108.5B	111.7B	148.8B	85.9B
Property Plant Equipment	3.2B	2.8B	2.5B	2.4B	2.2B	3.1B
Short Term Investments	32.8B	34.8B	29.8B	31.0B	40.2B	42.2B
Other Stockholder Equity	(10M)	16.5B	15.5B	15.9B	18.1B	19.0B
Property Plant And Equipment Gross	3.2B	2.8B	6.6B	6.5B	6.2B	4.2B
Good Will	907M	533M	472M	464M	469M	445.6M
Other Current Assets	142.6B	163.7B	159.3B	145.8B	150.4B	142.9B
Treasury Stock	(11M)	(10M)	(4M)	(1.6B)	(1.9B)	(1.9B)
Intangible Assets	1.0B	860M	684M	637M	1.2B	1.3B
Current Deferred Revenue	9M	15M	19M	640.8B	14M	13.3M
Inventory	(142.6B)	(163.7B)	(159.3B)	(145.8B)	89.4B	93.8B
Long Term Investments	176.3B	142.8B	180.1B	190.5B	211.0B	194.3B

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ING Group in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ING Group's short interest history, or implied volatility extrapolated from ING Group options trading.

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When determining whether ING Group NV is a strong investment it is important to analyze ING Group's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ING Group's future performance. For an informed investment choice regarding ING Stock, refer to the following important reports:

How To Invest In ING

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Is ING Stock a good investment?

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What is ING Group's Net Worth?

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ING Group NV. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running ING Group's price analysis, check to measure ING Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ING Group is operating at the current time. Most of ING Group's value examination focuses on studying past and present price action to predict the probability of ING Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ING Group's price. Additionally, you may evaluate how the addition of ING Group to your portfolios can decrease your overall portfolio volatility.

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Is ING Group's industry 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 ING Group. If investors know ING 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 ING Group 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

(0.83)

Dividend Share

1.106

Earnings Share

2.18

Revenue Per Share

4.947

Quarterly Revenue Growth

(0.95)

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

Income Before Tax vs Operating Income

Income Before Tax vs Operating Income Correlation Analysis

Correlation Coefficient

Income Before Tax

Operating Income

ING Group fundamental ratios Correlations

ING Group Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ING Group fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 0.91	Cash
Common Stock Shares Outstanding	+ 0.9	Total Stockholder Equity
Other Assets	+ 0.89	Total Assets
Other Liab	+ 0.89	Net Receivables
Other Liab	+ 0.84	Short Term Debt
Non Current Liabilities Total	+ 0.82	Other Assets

Net Receivables	- 0.88	Non Currrent Assets Other
Cash	- 0.86	Net Debt
Total Current Assets	- 0.83	Net Receivables
Other Liab	- 0.81	Non Currrent Assets Other
Total Current Assets	- 0.79	Net Debt
Other Stockholder Equity	- 0.75	Common Stock