NewJersey Gross Profit from 2010 to 2024

NJR Stock

USD 51.04 1.19 2.39%

NewJersey Resources Gross Profit yearly trend continues to be relatively stable with very little volatility. Gross Profit is likely to drop to about 379.6 M. Gross Profit is the profit NewJersey Resources 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

1985-09-30

Previous Quarter

177.8 M

Current Value

11.1 M

Quarterly Volatility

64.4 M

Black Monday

Oil Shock

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Check NewJersey Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NewJersey Resources' main balance sheet or income statement drivers, such as Interest Expense of 148.5 M, Total Revenue of 1.9 B or Gross Profit of 379.6 M, as well as many indicators such as Price To Sales Ratio of 1.9, Dividend Yield of 0.0397 or PTB Ratio of 1.75. NewJersey financial statements analysis is a perfect complement when working with NewJersey Resources Valuation or Volatility modules.

Check out the analysis of NewJersey Resources Correlation against competitors.

To learn how to invest in NewJersey Stock, please use our How to Invest in NewJersey Resources guide.

Latest NewJersey Resources' Gross Profit Growth Pattern

Below is the plot of the Gross Profit of NewJersey Resources over the last few years. Gross profit is a required income statement account that reflects total revenue of NewJersey Resources minus its cost of goods sold. It is profit before NewJersey Resources 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. NewJersey Resources' Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in NewJersey Resources' overall financial position and show how it may be relating to other accounts over time.

View

Last Reported 620.95 M

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Gross Profit

Timeline

NewJersey Gross Profit Regression Statistics

	Arithmetic Mean	404,833,369
	Geometric Mean	386,835,750
	Coefficient Of Variation	32.92
	Mean Deviation	101,395,014
	Median	372,848,000
	Standard Deviation	133,282,921
	Sample Variance	17764.3T
	Range	465.6M
	R-Value	0.70
	Mean Square Error	9708.2T
	R-Squared	0.49
	Significance	0
	Slope	20,915,998
	Total Sum of Squares	248700.7T

NewJersey Gross Profit History

	2024	379.6 M
	2023	702.1 M
	2022	610.5 M
	2021	595.2 M
	2020	438 M
	2019	370.8 M
	2018	290.8 M

Other Fundumenentals of NewJersey Resources

Gross Profit Margin

NewJersey Resources Gross Profit component correlations

	Total Assets	Total Stockholder Equity	Net Debt	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue	Retained Earnings	Long Term Debt	Treasury Stock	Property Plant Equipment	Short Term Investments	Net Tangible Assets	Long Term Debt Total	Deferred Long Term Liab	Long Term Investments	Capital Surpluse	Accumulated Depreciation	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.99	0.98	0.19	0.39	1.0	0.4	0.41	0.28	0.37	0.94	0.97	0.64	0.99	-0.27	0.46	0.96	0.81	-0.66	0.74	0.48	0.41	-0.35	0.87	-0.17	0.83
Total Stockholder Equity	0.99		0.95	0.17	0.34	0.98	0.38	0.33	0.31	0.31	0.97	0.96	0.65	0.98	-0.26	0.44	0.95	0.84	-0.59	0.69	0.48	0.4	-0.36	0.83	-0.06	0.81
Net Debt	0.98	0.95		0.09	0.3	0.98	0.26	0.42	0.34	0.5	0.85	0.99	0.72	0.99	-0.32	0.43	0.98	0.81	-0.75	0.81	0.54	0.37	-0.34	0.92	-0.24	0.87
Accounts Payable	0.19	0.17	0.09		0.91	0.2	0.82	0.59	-0.08	-0.23	0.28	0.03	-0.18	0.1	-0.14	0.3	0.06	-0.06	-0.05	0.2	-0.4	0.19	-0.19	0.06	-0.11	-0.12
Net Receivables	0.39	0.34	0.3	0.91		0.4	0.89	0.78	-0.21	-0.11	0.41	0.21	-0.16	0.29	-0.27	0.29	0.23	0.13	-0.17	0.3	-0.23	0.26	-0.24	0.2	-0.27	0.09
Total Liab	1.0	0.98	0.98	0.2	0.4		0.4	0.45	0.26	0.39	0.92	0.97	0.63	0.99	-0.27	0.46	0.96	0.79	-0.69	0.76	0.48	0.4	-0.34	0.88	-0.21	0.84
Total Current Assets	0.4	0.38	0.26	0.82	0.89	0.4		0.6	-0.33	-0.21	0.51	0.2	-0.27	0.27	-0.15	0.27	0.2	0.1	-0.01	0.19	-0.18	0.13	-0.09	0.14	0.0	0.09
Short Term Debt	0.41	0.33	0.42	0.59	0.78	0.45	0.6		-0.08	0.29	0.31	0.3	-0.06	0.37	-0.45	0.13	0.29	0.29	-0.44	0.5	0.07	0.15	-0.39	0.42	-0.56	0.33
Common Stock	0.28	0.31	0.34	-0.08	-0.21	0.26	-0.33	-0.08		0.3	0.23	0.39	0.7	0.35	0.06	0.39	0.43	0.38	-0.3	0.42	0.22	0.42	-0.14	0.49	0.08	0.32
Current Deferred Revenue	0.37	0.31	0.5	-0.23	-0.11	0.39	-0.21	0.29	0.3		0.15	0.48	0.45	0.44	-0.2	-0.24	0.47	0.43	-0.74	0.56	0.39	0.06	-0.35	0.62	-0.45	0.5
Retained Earnings	0.94	0.97	0.85	0.28	0.41	0.92	0.51	0.31	0.23	0.15		0.86	0.5	0.89	-0.2	0.4	0.84	0.81	-0.44	0.53	0.37	0.41	-0.4	0.7	0.04	0.68
Long Term Debt	0.97	0.96	0.99	0.03	0.21	0.97	0.2	0.3	0.39	0.48	0.86		0.78	0.99	-0.27	0.45	1.0	0.81	-0.72	0.79	0.54	0.37	-0.29	0.92	-0.15	0.87
Treasury Stock	0.64	0.65	0.72	-0.18	-0.16	0.63	-0.27	-0.06	0.7	0.45	0.5	0.78		0.72	-0.28	0.48	0.81	0.65	-0.53	0.68	0.36	0.2	-0.11	0.74	0.08	0.6
Property Plant Equipment	0.99	0.98	0.99	0.1	0.29	0.99	0.27	0.37	0.35	0.44	0.89	0.99	0.72		-0.28	0.46	0.99	0.82	-0.71	0.78	0.52	0.4	-0.33	0.91	-0.19	0.86
Short Term Investments	-0.27	-0.26	-0.32	-0.14	-0.27	-0.27	-0.15	-0.45	0.06	-0.2	-0.2	-0.27	-0.28	-0.28		-0.1	-0.28	-0.45	0.12	-0.41	-0.13	0.28	0.24	-0.32	-0.12	-0.24
Net Tangible Assets	0.46	0.44	0.43	0.3	0.29	0.46	0.27	0.13	0.39	-0.24	0.4	0.45	0.48	0.46	-0.1		0.5	0.13	-0.07	0.45	-0.02	0.27	0.31	0.38	0.16	0.29
Long Term Debt Total	0.96	0.95	0.98	0.06	0.23	0.96	0.2	0.29	0.43	0.47	0.84	1.0	0.81	0.99	-0.28	0.5		0.79	-0.71	0.81	0.5	0.37	-0.26	0.92	-0.12	0.84
Deferred Long Term Liab	0.81	0.84	0.81	-0.06	0.13	0.79	0.1	0.29	0.38	0.43	0.81	0.81	0.65	0.82	-0.45	0.13	0.79		-0.45	0.49	0.5	0.31	-0.57	0.69	-0.02	0.68
Long Term Investments	-0.66	-0.59	-0.75	-0.05	-0.17	-0.69	-0.01	-0.44	-0.3	-0.74	-0.44	-0.72	-0.53	-0.71	0.12	-0.07	-0.71	-0.45		-0.81	-0.49	-0.31	0.4	-0.84	0.62	-0.74
Capital Surpluse	0.74	0.69	0.81	0.2	0.3	0.76	0.19	0.5	0.42	0.56	0.53	0.79	0.68	0.78	-0.41	0.45	0.81	0.49	-0.81		0.41	0.17	-0.08	0.95	-0.22	0.76
Accumulated Depreciation	0.48	0.48	0.54	-0.4	-0.23	0.48	-0.18	0.07	0.22	0.39	0.37	0.54	0.36	0.52	-0.13	-0.02	0.5	0.5	-0.49	0.41		0.12	-0.25	0.56	-0.16	0.85
Short Long Term Debt	0.41	0.4	0.37	0.19	0.26	0.4	0.13	0.15	0.42	0.06	0.41	0.37	0.2	0.4	0.28	0.27	0.37	0.31	-0.31	0.17	0.12		-0.29	0.31	-0.36	0.29
Cash And Equivalents	-0.35	-0.36	-0.34	-0.19	-0.24	-0.34	-0.09	-0.39	-0.14	-0.35	-0.4	-0.29	-0.11	-0.33	0.24	0.31	-0.26	-0.57	0.4	-0.08	-0.25	-0.29		-0.23	0.43	-0.25
Net Invested Capital	0.87	0.83	0.92	0.06	0.2	0.88	0.14	0.42	0.49	0.62	0.7	0.92	0.74	0.91	-0.32	0.38	0.92	0.69	-0.84	0.95	0.56	0.31	-0.23		-0.23	0.88
Net Working Capital	-0.17	-0.06	-0.24	-0.11	-0.27	-0.21	0.0	-0.56	0.08	-0.45	0.04	-0.15	0.08	-0.19	-0.12	0.16	-0.12	-0.02	0.62	-0.22	-0.16	-0.36	0.43	-0.23		-0.24
Capital Stock	0.83	0.81	0.87	-0.12	0.09	0.84	0.09	0.33	0.32	0.5	0.68	0.87	0.6	0.86	-0.24	0.29	0.84	0.68	-0.74	0.76	0.85	0.29	-0.25	0.88	-0.24

Click cells to compare fundamentals

About NewJersey Resources Financial Statements

NewJersey Resources shareholders use historical fundamental indicators, such as Gross Profit, to determine how well the company is positioned to perform in the future. Although NewJersey Resources investors may analyze each financial statement separately, they are all interrelated. The changes in NewJersey Resources' assets and liabilities, for example, are also reflected in the revenues and expenses on on NewJersey Resources' 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	702.1 M	379.6 M
Gross Profit Margin	0.36	0.21

Pair Trading with NewJersey Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NewJersey Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NewJersey Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with NewJersey Stock

0.77	NI	NiSource	Pair Corr
0.89	SR	Spire Inc	Pair Corr
0.73	ATO	Atmos Energy	Pair Corr
0.94	BKH	Black Hills	Pair Corr
0.94	CPK	Chesapeake Utilities	Pair Corr

The ability to find closely correlated positions to NewJersey Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NewJersey Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NewJersey Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NewJersey Resources to buy it.

The correlation of NewJersey Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NewJersey Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NewJersey Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for NewJersey Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for NewJersey Stock Analysis

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC