Argen Ebit vs Cost Of Revenue Analysis

0QW0 Stock   601.20  0.65  0.11%   
Argen X financial indicator trend analysis is way more than just evaluating Argen X prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Argen X is a good investment. Please check the relationship between Argen X Ebit and its Cost Of Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Argen X. 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.

Ebit vs Cost Of Revenue

Ebit vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Argen X Ebit account and Cost Of Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Argen X's Ebit and Cost Of Revenue is -0.49. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Argen X, assuming nothing else is changed. The correlation between historical values of Argen X's Ebit and Cost Of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of Argen X are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Ebit i.e., Argen X's Ebit and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

-0.49
Relationship DirectionNegative 
Relationship StrengthVery Weak

Ebit

Cost Of Revenue

Cost of Revenue is found on Argen X income statement and represents the costs associated with goods and services Argen X provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from Argen X's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Argen X 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 Argen X. 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.
Selling General Administrative is likely to gain to about 532.8 M in 2024, whereas Tax Provision is likely to drop slightly above 2.8 M in 2024.
 2021 2022 2023 2024 (projected)
Total Operating Expenses846.0M1.1B1.5B1.6B
Cost Of Revenue510.0M29.4M117.8M131.5M

Argen X fundamental ratios Correlations

0.960.981.01.0-0.97-0.980.970.970.980.930.950.990.810.910.890.990.851.00.810.870.930.790.180.90.9
0.960.940.960.96-0.9-0.910.890.910.910.910.90.960.780.920.840.950.860.970.780.870.880.690.270.840.85
0.980.940.970.99-0.97-0.950.990.960.970.870.90.990.830.910.840.970.920.980.830.80.860.860.320.90.92
1.00.960.970.99-0.96-0.980.960.970.980.940.960.980.790.890.911.00.811.00.790.90.950.770.110.890.88
1.00.960.990.99-0.96-0.970.970.960.980.910.940.990.80.920.890.990.870.990.80.850.920.820.20.910.92
-0.97-0.9-0.97-0.96-0.960.93-0.96-1.0-0.95-0.92-0.89-0.97-0.77-0.81-0.78-0.96-0.84-0.97-0.77-0.82-0.87-0.77-0.18-0.85-0.85
-0.98-0.91-0.95-0.98-0.970.93-0.96-0.93-0.99-0.91-0.98-0.96-0.79-0.88-0.95-0.98-0.78-0.97-0.78-0.89-0.96-0.82-0.07-0.93-0.9
0.970.890.990.960.97-0.96-0.960.960.980.850.890.980.820.890.840.960.890.970.820.760.850.890.260.910.92
0.970.910.960.970.96-1.0-0.930.960.950.930.890.960.750.810.780.970.830.970.740.840.880.740.160.830.83
0.980.910.970.980.98-0.95-0.990.980.950.90.960.970.780.880.920.980.810.980.770.850.940.850.10.920.91
0.930.910.870.940.91-0.92-0.910.850.930.90.950.890.60.730.840.960.670.930.590.970.970.55-0.050.750.72
0.950.90.90.960.94-0.89-0.980.890.890.960.950.910.690.820.970.970.680.940.680.950.990.7-0.070.860.82
0.990.960.990.980.99-0.97-0.960.980.960.970.890.910.840.930.850.980.90.990.850.810.880.820.270.90.92
0.810.780.830.790.8-0.77-0.790.820.750.780.60.690.840.880.710.770.80.810.990.520.620.850.360.880.89
0.910.920.910.890.92-0.81-0.880.890.810.880.730.820.930.880.840.870.880.910.890.690.770.840.380.890.92
0.890.840.840.910.89-0.78-0.950.840.780.920.840.970.850.710.840.910.630.880.690.880.950.73-0.080.870.82
0.990.950.971.00.99-0.96-0.980.960.970.980.960.970.980.770.870.910.810.990.760.910.960.760.10.880.87
0.850.860.920.810.87-0.84-0.780.890.830.810.670.680.90.80.880.630.810.860.820.580.630.830.660.780.86
1.00.970.981.00.99-0.97-0.970.970.970.980.930.940.990.810.910.880.990.860.810.870.920.780.190.890.9
0.810.780.830.790.8-0.77-0.780.820.740.770.590.680.850.990.890.690.760.820.810.520.610.840.390.870.88
0.870.870.80.90.85-0.82-0.890.760.840.850.970.950.810.520.690.880.910.580.870.520.970.47-0.140.710.66
0.930.880.860.950.92-0.87-0.960.850.880.940.970.990.880.620.770.950.960.630.920.610.970.62-0.140.820.77
0.790.690.860.770.82-0.77-0.820.890.740.850.550.70.820.850.840.730.760.830.780.840.470.620.360.910.94
0.180.270.320.110.2-0.18-0.070.260.160.1-0.05-0.070.270.360.38-0.080.10.660.190.39-0.14-0.140.360.160.3
0.90.840.90.890.91-0.85-0.930.910.830.920.750.860.90.880.890.870.880.780.890.870.710.820.910.160.99
0.90.850.920.880.92-0.85-0.90.920.830.910.720.820.920.890.920.820.870.860.90.880.660.770.940.30.99
Click cells to compare fundamentals

Argen X Account Relationship Matchups

Argen X fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.6B2.3B2.9B3.1B4.5B4.8B
Other Current Liab111.8M68.7M84.6M107.0M168.5M176.9M
Total Current Liabilities179.7M329.6M301.2M302.3M423.0M444.1M
Total Stockholder Equity1.2B1.7B2.5B2.8B4.1B4.3B
Property Plant And Equipment Net9.2M11.7M15.8M16.2M22.7M23.8M
Net Debt(367.1M)(1.2B)(1.3B)(788.3M)(2.0B)(1.9B)
Retained Earnings(383.5M)(1.1B)(1.4B)(2.1B)(2.4B)(2.3B)
Accounts Payable65.6M206.5M208.9M188.7M245.6M257.8M
Cash372.2M1.2B1.3B800.7M2.0B2.2B
Non Current Assets Total67.5M223.3M307.3M360.1M418.7M439.7M
Non Currrent Assets Other10.3M22.3M34.4M49.2M126.5M132.8M
Other Assets9.2M30.4M58.5M120.0M138.0M144.8M
Cash And Short Term Investments1.5B2.0B2.3B2.2B3.2B3.3B
Common Stock Shares Outstanding38.6M45.4M51.1M54.4M57.2M31.8M
Short Term Investments1.1B782.3M1.0B1.4B1.1B1.2B
Other Current Assets16.6M24.1M64.5M180.7M134.1M140.8M
Other Stockholder Equity1.5B2.7B3.5B4.3B6.4B6.7B
Total Liab429.8M607.4M316.1M320.6M445.0M467.2M
Total Current Assets1.5B2.1B2.5B2.8B4.1B4.3B
Common Stock5.2M5.9M6.2M6.6M7.1M4.2M
Net Receivables25.4M235.2K32.7M277.3M499.3M524.2M
Liabilities And Stockholders Equity1.6B2.3B2.9B3.1B4.5B4.8B
Accumulated Other Comprehensive Income53.0M200.7M465.4M607.0M72.1M68.5M
Intangible Assets45.1M168.0M171.7M174.9M125.2M75.3M
Other Liab245.0M270.7M6.9M9.3M10.7M10.1M
Net Tangible Assets1.1B1.5B2.4B2.6B3.0B1.6B
Property Plant Equipment9.2M11.6M15.8M16.2M18.7M10.0M

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