0QBO Stock | | | 891.70 15.90 1.75% |
Coloplast financial indicator trend analysis is way more than just evaluating Coloplast AS prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Coloplast AS is a good investment. Please check the relationship between Coloplast Interest Income and its Operating Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Coloplast AS. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Interest Income vs Operating Income
Interest Income vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Coloplast AS Interest Income account and
Operating Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Coloplast's Interest Income and Operating Income is 0.45. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Operating Income in the same time period over historical financial statements of Coloplast AS, assuming nothing else is changed. The correlation between historical values of Coloplast's Interest Income 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 Interest Income of Coloplast AS 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 Interest Income i.e., Coloplast's Interest Income and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.45 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Operating Income
Operating Income is the amount of profit realized from Coloplast AS 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 Coloplast AS 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 Coloplast's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Coloplast AS 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Coloplast AS. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Tax Provision is likely to drop to about 1.4
B in 2024.
Selling General Administrative is likely to drop to about 6.1
B in 2024
| 2019 | 2020 | 2023 | 2024 (projected) |
Interest Income | 360M | 100M | 115M | 152.0M | Tax Provision | 1.3B | 1.4B | 1.6B | 1.4B |
Coloplast fundamental ratios Correlations
Click cells to compare fundamentals
Coloplast Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Coloplast fundamental ratios Accounts
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Additional Tools for Coloplast Stock Analysis
When running Coloplast's price analysis, check to
measure Coloplast'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 Coloplast is operating at the current time. Most of Coloplast's value examination focuses on studying past and present price action to
predict the probability of Coloplast's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coloplast's price. Additionally, you may evaluate how the addition of Coloplast to your portfolios can decrease your overall portfolio volatility.