Argen Gross Profit vs Total Operating Expenses 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 Gross Profit and its Total Operating Expenses 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.

Gross Profit vs Total Operating Expenses

Gross Profit vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Argen X Gross Profit account and Total Operating Expenses. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Argen X's Gross Profit and Total Operating Expenses is 0.85. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Total Operating Expenses 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 Gross Profit and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Argen X are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Gross Profit i.e., Argen X's Gross Profit and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

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Gross Profit

Gross profit is a required income statement account that reflects total revenue of Argen X minus its cost of goods sold. It is profit before Argen X operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

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 Expenses	846.0M	1.1B	1.5B	1.6B
Cost Of Revenue	510.0M	29.4M	117.8M	131.5M

Total Operating Expenses Cost Of Revenue

Argen X fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Short Term Investments	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Net Receivables	Inventory	Intangible Assets	Other Liab	Net Tangible Assets	Property Plant Equipment
Total Assets		0.96	0.98	1.0	1.0	-0.97	-0.98	0.97	0.97	0.98	0.93	0.95	0.99	0.81	0.91	0.89	0.99	0.85	1.0	0.81	0.87	0.93	0.79	0.18	0.9	0.9
Other Current Liab	0.96		0.94	0.96	0.96	-0.9	-0.91	0.89	0.91	0.91	0.91	0.9	0.96	0.78	0.92	0.84	0.95	0.86	0.97	0.78	0.87	0.88	0.69	0.27	0.84	0.85
Total Current Liabilities	0.98	0.94		0.97	0.99	-0.97	-0.95	0.99	0.96	0.97	0.87	0.9	0.99	0.83	0.91	0.84	0.97	0.92	0.98	0.83	0.8	0.86	0.86	0.32	0.9	0.92
Total Stockholder Equity	1.0	0.96	0.97		0.99	-0.96	-0.98	0.96	0.97	0.98	0.94	0.96	0.98	0.79	0.89	0.91	1.0	0.81	1.0	0.79	0.9	0.95	0.77	0.11	0.89	0.88
Property Plant And Equipment Net	1.0	0.96	0.99	0.99		-0.96	-0.97	0.97	0.96	0.98	0.91	0.94	0.99	0.8	0.92	0.89	0.99	0.87	0.99	0.8	0.85	0.92	0.82	0.2	0.91	0.92
Net Debt	-0.97	-0.9	-0.97	-0.96	-0.96		0.93	-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
Retained Earnings	-0.98	-0.91	-0.95	-0.98	-0.97	0.93		-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
Accounts Payable	0.97	0.89	0.99	0.96	0.97	-0.96	-0.96		0.96	0.98	0.85	0.89	0.98	0.82	0.89	0.84	0.96	0.89	0.97	0.82	0.76	0.85	0.89	0.26	0.91	0.92
Cash	0.97	0.91	0.96	0.97	0.96	-1.0	-0.93	0.96		0.95	0.93	0.89	0.96	0.75	0.81	0.78	0.97	0.83	0.97	0.74	0.84	0.88	0.74	0.16	0.83	0.83
Non Current Assets Total	0.98	0.91	0.97	0.98	0.98	-0.95	-0.99	0.98	0.95		0.9	0.96	0.97	0.78	0.88	0.92	0.98	0.81	0.98	0.77	0.85	0.94	0.85	0.1	0.92	0.91
Non Currrent Assets Other	0.93	0.91	0.87	0.94	0.91	-0.92	-0.91	0.85	0.93	0.9		0.95	0.89	0.6	0.73	0.84	0.96	0.67	0.93	0.59	0.97	0.97	0.55	-0.05	0.75	0.72
Other Assets	0.95	0.9	0.9	0.96	0.94	-0.89	-0.98	0.89	0.89	0.96	0.95		0.91	0.69	0.82	0.97	0.97	0.68	0.94	0.68	0.95	0.99	0.7	-0.07	0.86	0.82
Cash And Short Term Investments	0.99	0.96	0.99	0.98	0.99	-0.97	-0.96	0.98	0.96	0.97	0.89	0.91		0.84	0.93	0.85	0.98	0.9	0.99	0.85	0.81	0.88	0.82	0.27	0.9	0.92
Common Stock Shares Outstanding	0.81	0.78	0.83	0.79	0.8	-0.77	-0.79	0.82	0.75	0.78	0.6	0.69	0.84		0.88	0.71	0.77	0.8	0.81	0.99	0.52	0.62	0.85	0.36	0.88	0.89
Short Term Investments	0.91	0.92	0.91	0.89	0.92	-0.81	-0.88	0.89	0.81	0.88	0.73	0.82	0.93	0.88		0.84	0.87	0.88	0.91	0.89	0.69	0.77	0.84	0.38	0.89	0.92
Other Current Assets	0.89	0.84	0.84	0.91	0.89	-0.78	-0.95	0.84	0.78	0.92	0.84	0.97	0.85	0.71	0.84		0.91	0.63	0.88	0.69	0.88	0.95	0.73	-0.08	0.87	0.82
Other Stockholder Equity	0.99	0.95	0.97	1.0	0.99	-0.96	-0.98	0.96	0.97	0.98	0.96	0.97	0.98	0.77	0.87	0.91		0.81	0.99	0.76	0.91	0.96	0.76	0.1	0.88	0.87
Total Liab	0.85	0.86	0.92	0.81	0.87	-0.84	-0.78	0.89	0.83	0.81	0.67	0.68	0.9	0.8	0.88	0.63	0.81		0.86	0.82	0.58	0.63	0.83	0.66	0.78	0.86
Total Current Assets	1.0	0.97	0.98	1.0	0.99	-0.97	-0.97	0.97	0.97	0.98	0.93	0.94	0.99	0.81	0.91	0.88	0.99	0.86		0.81	0.87	0.92	0.78	0.19	0.89	0.9
Common Stock	0.81	0.78	0.83	0.79	0.8	-0.77	-0.78	0.82	0.74	0.77	0.59	0.68	0.85	0.99	0.89	0.69	0.76	0.82	0.81		0.52	0.61	0.84	0.39	0.87	0.88
Net Receivables	0.87	0.87	0.8	0.9	0.85	-0.82	-0.89	0.76	0.84	0.85	0.97	0.95	0.81	0.52	0.69	0.88	0.91	0.58	0.87	0.52		0.97	0.47	-0.14	0.71	0.66
Inventory	0.93	0.88	0.86	0.95	0.92	-0.87	-0.96	0.85	0.88	0.94	0.97	0.99	0.88	0.62	0.77	0.95	0.96	0.63	0.92	0.61	0.97		0.62	-0.14	0.82	0.77
Intangible Assets	0.79	0.69	0.86	0.77	0.82	-0.77	-0.82	0.89	0.74	0.85	0.55	0.7	0.82	0.85	0.84	0.73	0.76	0.83	0.78	0.84	0.47	0.62		0.36	0.91	0.94
Other Liab	0.18	0.27	0.32	0.11	0.2	-0.18	-0.07	0.26	0.16	0.1	-0.05	-0.07	0.27	0.36	0.38	-0.08	0.1	0.66	0.19	0.39	-0.14	-0.14	0.36		0.16	0.3
Net Tangible Assets	0.9	0.84	0.9	0.89	0.91	-0.85	-0.93	0.91	0.83	0.92	0.75	0.86	0.9	0.88	0.89	0.87	0.88	0.78	0.89	0.87	0.71	0.82	0.91	0.16		0.99
Property Plant Equipment	0.9	0.85	0.92	0.88	0.92	-0.85	-0.9	0.92	0.83	0.91	0.72	0.82	0.92	0.89	0.92	0.82	0.87	0.86	0.9	0.88	0.66	0.77	0.94	0.3	0.99

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Argen X Account Relationship Matchups

Argen X fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.6B	2.3B	2.9B	3.1B	4.5B	4.8B
Other Current Liab	111.8M	68.7M	84.6M	107.0M	168.5M	176.9M
Total Current Liabilities	179.7M	329.6M	301.2M	302.3M	423.0M	444.1M
Total Stockholder Equity	1.2B	1.7B	2.5B	2.8B	4.1B	4.3B
Property Plant And Equipment Net	9.2M	11.7M	15.8M	16.2M	22.7M	23.8M
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 Payable	65.6M	206.5M	208.9M	188.7M	245.6M	257.8M
Cash	372.2M	1.2B	1.3B	800.7M	2.0B	2.2B
Non Current Assets Total	67.5M	223.3M	307.3M	360.1M	418.7M	439.7M
Non Currrent Assets Other	10.3M	22.3M	34.4M	49.2M	126.5M	132.8M
Other Assets	9.2M	30.4M	58.5M	120.0M	138.0M	144.8M
Cash And Short Term Investments	1.5B	2.0B	2.3B	2.2B	3.2B	3.3B
Common Stock Shares Outstanding	38.6M	45.4M	51.1M	54.4M	57.2M	31.8M
Short Term Investments	1.1B	782.3M	1.0B	1.4B	1.1B	1.2B
Other Current Assets	16.6M	24.1M	64.5M	180.7M	134.1M	140.8M
Other Stockholder Equity	1.5B	2.7B	3.5B	4.3B	6.4B	6.7B
Total Liab	429.8M	607.4M	316.1M	320.6M	445.0M	467.2M
Total Current Assets	1.5B	2.1B	2.5B	2.8B	4.1B	4.3B
Common Stock	5.2M	5.9M	6.2M	6.6M	7.1M	4.2M
Net Receivables	25.4M	235.2K	32.7M	277.3M	499.3M	524.2M
Liabilities And Stockholders Equity	1.6B	2.3B	2.9B	3.1B	4.5B	4.8B
Accumulated Other Comprehensive Income	53.0M	200.7M	465.4M	607.0M	72.1M	68.5M
Intangible Assets	45.1M	168.0M	171.7M	174.9M	125.2M	75.3M
Other Liab	245.0M	270.7M	6.9M	9.3M	10.7M	10.1M
Net Tangible Assets	1.1B	1.5B	2.4B	2.6B	3.0B	1.6B
Property Plant Equipment	9.2M	11.6M	15.8M	16.2M	18.7M	10.0M

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Argen Gross Profit vs Total Operating Expenses Analysis

Gross Profit vs Total Operating Expenses

Gross Profit vs Total Operating Expenses Correlation Analysis

Correlation Coefficient

Gross Profit

Total Operating Expenses

Argen X fundamental ratios Correlations

Argen X Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Argen X fundamental ratios Accounts

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Additional Tools for Argen Stock Analysis

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Total Stockholder Equity	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Other Stockholder Equity	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 0.99	Total Assets

Cash	- 1.0	Net Debt
Non Current Assets Total	- 0.99	Retained Earnings
Other Stockholder Equity	- 0.98	Retained Earnings
Other Assets	- 0.98	Retained Earnings
Retained Earnings	- 0.98	Total Stockholder Equity
Retained Earnings	- 0.98	Total Assets