ChoiceOne Gross Profit from 2010 to 2024

COFS Stock

USD 36.71 0.04 0.11%

ChoiceOne Financial Gross Profit yearly trend continues to be comparatively stable with very little volatility. Gross Profit is likely to outpace its year average in 2024. Gross Profit is the profit ChoiceOne Financial Services makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. View All Fundamentals

Gross Profit

First Reported

1999-06-30

Previous Quarter

29.9 M

Current Value

36.3 M

Quarterly Volatility

7.7 M

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Check ChoiceOne Financial financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ChoiceOne Financial's main balance sheet or income statement drivers, such as Depreciation And Amortization of 13.1 M, Interest Expense of 34.7 M or Selling General Administrative of 34.8 M, as well as many indicators such as Price To Sales Ratio of 2.6, Dividend Yield of 0.0281 or PTB Ratio of 1.35. ChoiceOne financial statements analysis is a perfect complement when working with ChoiceOne Financial Valuation or Volatility modules.

Check out the analysis of ChoiceOne Financial Correlation against competitors.

Latest ChoiceOne Financial's Gross Profit Growth Pattern

Below is the plot of the Gross Profit of ChoiceOne Financial Services over the last few years. Gross profit is a required income statement account that reflects total revenue of ChoiceOne Financial Services minus its cost of goods sold. It is profit before ChoiceOne Financial operating expenses, interest payments and taxes. Gross profit is also known as gross margin. It is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. ChoiceOne Financial's Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in ChoiceOne Financial's overall financial position and show how it may be relating to other accounts over time.

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Last Reported 81.14 M

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Gross Profit

Timeline

ChoiceOne Gross Profit Regression Statistics

	Arithmetic Mean	42,996,403
	Geometric Mean	30,370,699
	Coefficient Of Variation	65.56
	Mean Deviation	24,709,471
	Median	27,466,000
	Standard Deviation	28,188,614
	Sample Variance	794.6T
	Range	84M
	R-Value	0.91
	Mean Square Error	147.7T
	R-Squared	0.83
	Slope	5,733,276
	Total Sum of Squares	11124.4T

ChoiceOne Gross Profit History

	2024	84.7 M
	2023	80.6 M
	2022	81.4 M
	2021	79.8 M
	2020	73.8 M
	2019	36.9 M
	2018	29 M

Other Fundumenentals of ChoiceOne Financial

Gross Profit Margin

ChoiceOne Financial Gross Profit component correlations

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Good Will	Accounts Payable	Long Term Debt	Short Term Investments	Intangible Assets	Property Plant Equipment	Net Tangible Assets	Long Term Investments	Short Long Term Debt	Earning Assets	Net Invested Capital	Capital Stock
Total Assets		0.93	0.67	0.95	0.87	0.45	0.47	0.96	0.98	0.99	0.83	0.78	-0.11	0.87	0.82	0.85	0.51	0.83	0.68	0.94
Total Stockholder Equity	0.93		0.39	0.81	0.65	0.59	0.4	0.99	0.97	0.9	0.64	0.83	-0.09	0.9	0.95	0.76	0.43	0.88	0.48	0.97
Net Debt	0.67	0.39		0.79	0.87	-0.18	0.36	0.48	0.58	0.71	0.92	0.27	-0.17	0.34	0.17	0.53	0.22	0.33	0.9	0.45
Retained Earnings	0.95	0.81	0.79		0.91	0.3	0.43	0.85	0.9	0.96	0.89	0.64	-0.2	0.74	0.65	0.76	0.37	0.71	0.78	0.82
Total Liab	0.87	0.65	0.87	0.91		0.29	0.53	0.72	0.77	0.89	0.89	0.64	-0.11	0.64	0.5	0.82	0.45	0.6	0.75	0.7
Total Current Assets	0.45	0.59	-0.18	0.3	0.29		0.45	0.53	0.45	0.39	-0.02	0.84	-0.04	0.62	0.72	0.59	0.46	0.56	-0.26	0.53
Short Term Debt	0.47	0.4	0.36	0.43	0.53	0.45		0.45	0.43	0.43	0.3	0.58	-0.28	0.45	0.35	0.59	0.36	0.47	0.28	0.42
Common Stock	0.96	0.99	0.48	0.85	0.72	0.53	0.45		0.99	0.94	0.69	0.79	-0.08	0.91	0.91	0.79	0.46	0.9	0.57	0.98
Good Will	0.98	0.97	0.58	0.9	0.77	0.45	0.43	0.99		0.97	0.78	0.76	-0.07	0.89	0.87	0.8	0.47	0.88	0.65	0.98
Accounts Payable	0.99	0.9	0.71	0.96	0.89	0.39	0.43	0.94	0.97		0.87	0.74	-0.03	0.85	0.79	0.85	0.51	0.82	0.72	0.93
Long Term Debt	0.83	0.64	0.92	0.89	0.89	-0.02	0.3	0.69	0.78	0.87		0.43	0.0	0.56	0.46	0.64	0.25	0.55	0.92	0.69
Short Term Investments	0.78	0.83	0.27	0.64	0.64	0.84	0.58	0.79	0.76	0.74	0.43		-0.06	0.85	0.87	0.88	0.63	0.8	0.16	0.79
Intangible Assets	-0.11	-0.09	-0.17	-0.2	-0.11	-0.04	-0.28	-0.08	-0.07	-0.03	0.0	-0.06		0.04	0.07	0.1	0.18	0.09	-0.07	0.09
Property Plant Equipment	0.87	0.9	0.34	0.74	0.64	0.62	0.45	0.91	0.89	0.85	0.56	0.85	0.04		0.93	0.88	0.56	0.98	0.4	0.93
Net Tangible Assets	0.82	0.95	0.17	0.65	0.5	0.72	0.35	0.91	0.87	0.79	0.46	0.87	0.07	0.93		0.75	0.46	0.91	0.27	0.93
Long Term Investments	0.85	0.76	0.53	0.76	0.82	0.59	0.59	0.79	0.8	0.85	0.64	0.88	0.1	0.88	0.75		0.73	0.85	0.43	0.83
Short Long Term Debt	0.51	0.43	0.22	0.37	0.45	0.46	0.36	0.46	0.47	0.51	0.25	0.63	0.18	0.56	0.46	0.73		0.5	0.0	0.52
Earning Assets	0.83	0.88	0.33	0.71	0.6	0.56	0.47	0.9	0.88	0.82	0.55	0.8	0.09	0.98	0.91	0.85	0.5		0.44	0.93
Net Invested Capital	0.68	0.48	0.9	0.78	0.75	-0.26	0.28	0.57	0.65	0.72	0.92	0.16	-0.07	0.4	0.27	0.43	0.0	0.44		0.56
Capital Stock	0.94	0.97	0.45	0.82	0.7	0.53	0.42	0.98	0.98	0.93	0.69	0.79	0.09	0.93	0.93	0.83	0.52	0.93	0.56

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About ChoiceOne Financial Financial Statements

ChoiceOne Financial shareholders use historical fundamental indicators, such as Gross Profit, to determine how well the company is positioned to perform in the future. Although ChoiceOne Financial investors may analyze each financial statement separately, they are all interrelated. The changes in ChoiceOne Financial's assets and liabilities, for example, are also reflected in the revenues and expenses on on ChoiceOne Financial's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.

		Last Reported	Projected for Next Year
	Gross Profit	80.6 M	84.7 M

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Additional Tools for ChoiceOne Stock Analysis

When running ChoiceOne Financial's price analysis, check to measure ChoiceOne Financial'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 ChoiceOne Financial is operating at the current time. Most of ChoiceOne Financial's value examination focuses on studying past and present price action to predict the probability of ChoiceOne Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChoiceOne Financial's price. Additionally, you may evaluate how the addition of ChoiceOne Financial to your portfolios can decrease your overall portfolio volatility.

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