Able Cost Of Revenue vs Gross Profit Analysis

ABLVW Stock

0.02 0.00 0.00%

Able View financial indicator trend analysis is way more than just evaluating Able View Global prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Able View Global is a good investment. Please check the relationship between Able View Cost Of Revenue and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Cost Of Revenue vs Gross Profit

Cost Of Revenue vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Able View Global Cost Of Revenue account and Gross Profit. At this time, the significance of the direction appears to have totally related.

The correlation between Able View's Cost Of Revenue and Gross Profit is 0.99. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Able View Global, assuming nothing else is changed. The correlation between historical values of Able View's Cost Of Revenue and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Able View Global are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Cost Of Revenue i.e., Able View's Cost Of Revenue and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

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Cost Of Revenue

Cost of Revenue is found on Able View Global income statement and represents the costs associated with goods and services Able View 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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Able View Global minus its cost of goods sold. It is profit before Able View 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.

Most indicators from Able View's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Able View Global 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Tax Provision is likely to drop to about 1.6 M in 2024. Selling General Administrative is likely to drop to about 7.9 M in 2024

	2021	2022	2023	2024 (projected)
Interest Expense	787.5K	612.6K	842.2K	702.8K
Depreciation And Amortization	125.6K	417.6K	880.4K	924.4K

Interest Expense Depreciation And Amortization

Able View fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital
Total Assets		0.73	0.23	0.84	-0.06	0.75	0.28	-0.08	-0.34	0.8	0.82	0.85	0.94	0.82	0.95	-0.77	0.99	0.46	0.86	0.99	0.93	0.79	0.52	1.0	0.68	0.9
Short Long Term Debt Total	0.73		0.23	0.77	-0.72	0.3	-0.03	0.55	-0.89	0.19	0.23	0.42	0.51	0.23	0.9	-0.56	0.78	0.2	0.96	0.8	0.92	0.34	0.92	0.76	0.19	0.55
Other Current Liab	0.23	0.23		0.63	-0.24	-0.31	0.89	0.34	-0.12	0.34	-0.06	-0.17	0.02	-0.06	0.26	-0.18	0.16	0.89	0.11	0.26	0.21	-0.27	0.36	0.27	-0.36	-0.15
Total Current Liabilities	0.84	0.77	0.63		-0.33	0.41	0.58	0.19	-0.51	0.65	0.45	0.56	0.62	0.45	0.87	-0.8	0.81	0.76	0.76	0.87	0.87	0.46	0.64	0.87	0.32	0.52
Total Stockholder Equity	-0.06	-0.72	-0.24	-0.33		0.4	0.2	-0.93	0.93	0.48	0.5	0.3	0.22	0.5	-0.36	0.02	-0.14	0.06	-0.52	-0.18	-0.4	0.37	-0.85	-0.1	0.48	0.14
Property Plant And Equipment Net	0.75	0.3	-0.31	0.41	0.4		-0.03	-0.61	0.03	0.73	0.88	0.98	0.86	0.88	0.6	-0.76	0.74	0.1	0.51	0.69	0.61	1.0	-0.05	0.72	0.99	0.85
Current Deferred Revenue	0.28	-0.03	0.89	0.58	0.2	-0.03		-0.13	0.24	0.62	0.21	0.08	0.17	0.21	0.17	-0.34	0.17	0.97	-0.05	0.26	0.13	0.01	-0.01	0.3	-0.04	-0.04
Net Debt	-0.08	0.55	0.34	0.19	-0.93	-0.61	-0.13		-0.75	-0.53	-0.56	-0.51	-0.31	-0.56	0.2	0.28	0.0	-0.06	0.36	0.04	0.2	-0.58	0.81	-0.03	-0.69	-0.24
Retained Earnings	-0.34	-0.89	-0.12	-0.51	0.93	0.03	0.24	-0.75		0.25	0.22	-0.07	-0.07	0.22	-0.61	0.34	-0.42	0.03	-0.75	-0.44	-0.66	0.0	-0.88	-0.38	0.12	-0.16
Accounts Payable	0.8	0.19	0.34	0.65	0.48	0.73	0.62	-0.53	0.25		0.89	0.79	0.84	0.89	0.58	-0.67	0.71	0.67	0.37	0.73	0.54	0.75	-0.02	0.78	0.71	0.71
Cash	0.82	0.23	-0.06	0.45	0.5	0.88	0.21	-0.56	0.22	0.89		0.9	0.96	1.0	0.62	-0.57	0.78	0.28	0.47	0.75	0.57	0.89	-0.01	0.79	0.87	0.91
Non Current Assets Total	0.85	0.42	-0.17	0.56	0.3	0.98	0.08	-0.51	-0.07	0.79	0.9		0.91	0.9	0.72	-0.82	0.84	0.22	0.62	0.8	0.73	0.99	0.09	0.83	0.96	0.89
Non Currrent Assets Other	0.94	0.51	0.02	0.62	0.22	0.86	0.17	-0.31	-0.07	0.84	0.96	0.91		0.96	0.81	-0.65	0.93	0.29	0.71	0.9	0.78	0.87	0.28	0.92	0.81	0.98
Cash And Short Term Investments	0.82	0.23	-0.06	0.45	0.5	0.88	0.21	-0.56	0.22	0.89	1.0	0.9	0.96		0.62	-0.57	0.78	0.28	0.47	0.75	0.57	0.89	-0.01	0.79	0.87	0.91
Net Receivables	0.95	0.9	0.26	0.87	-0.36	0.6	0.17	0.2	-0.61	0.58	0.62	0.72	0.81	0.62		-0.73	0.97	0.38	0.97	0.98	0.99	0.64	0.74	0.96	0.51	0.81
Common Stock Shares Outstanding	-0.77	-0.56	-0.18	-0.8	0.02	-0.76	-0.34	0.28	0.34	-0.67	-0.57	-0.82	-0.65	-0.57	-0.73		-0.74	-0.52	-0.62	-0.76	-0.77	-0.78	-0.24	-0.78	-0.71	-0.57
Inventory	0.99	0.78	0.16	0.81	-0.14	0.74	0.17	0.0	-0.42	0.71	0.78	0.84	0.93	0.78	0.97	-0.74		0.36	0.91	0.99	0.95	0.77	0.59	0.99	0.66	0.92
Other Current Assets	0.46	0.2	0.89	0.76	0.06	0.1	0.97	-0.06	0.03	0.67	0.28	0.22	0.29	0.28	0.38	-0.52	0.36		0.17	0.44	0.35	0.13	0.16	0.48	0.06	0.09
Other Stockholder Equity	0.86	0.96	0.11	0.76	-0.52	0.51	-0.05	0.36	-0.75	0.37	0.47	0.62	0.71	0.47	0.97	-0.62	0.91	0.17		0.91	0.97	0.54	0.83	0.87	0.41	0.76
Total Liab	0.99	0.8	0.26	0.87	-0.18	0.69	0.26	0.04	-0.44	0.73	0.75	0.8	0.9	0.75	0.98	-0.76	0.99	0.44	0.91		0.96	0.73	0.62	1.0	0.61	0.87
Net Invested Capital	0.93	0.92	0.21	0.87	-0.4	0.61	0.13	0.2	-0.66	0.54	0.57	0.73	0.78	0.57	0.99	-0.77	0.95	0.35	0.97	0.96		0.65	0.74	0.94	0.52	0.78
Property Plant And Equipment Gross	0.79	0.34	-0.27	0.46	0.37	1.0	0.01	-0.58	0.0	0.75	0.89	0.99	0.87	0.89	0.64	-0.78	0.77	0.13	0.54	0.73	0.65		-0.01	0.76	0.99	0.86
Short Long Term Debt	0.52	0.92	0.36	0.64	-0.85	-0.05	-0.01	0.81	-0.88	-0.02	-0.01	0.09	0.28	-0.01	0.74	-0.24	0.59	0.16	0.83	0.62	0.74	-0.01		0.56	-0.16	0.34
Total Current Assets	1.0	0.76	0.27	0.87	-0.1	0.72	0.3	-0.03	-0.38	0.78	0.79	0.83	0.92	0.79	0.96	-0.78	0.99	0.48	0.87	1.0	0.94	0.76	0.56		0.65	0.88
Capital Stock	0.68	0.19	-0.36	0.32	0.48	0.99	-0.04	-0.69	0.12	0.71	0.87	0.96	0.81	0.87	0.51	-0.71	0.66	0.06	0.41	0.61	0.52	0.99	-0.16	0.65		0.8
Net Working Capital	0.9	0.55	-0.15	0.52	0.14	0.85	-0.04	-0.24	-0.16	0.71	0.91	0.89	0.98	0.91	0.81	-0.57	0.92	0.09	0.76	0.87	0.78	0.86	0.34	0.88	0.8

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Able Cost Of Revenue vs Gross Profit Analysis

Cost Of Revenue vs Gross Profit

Cost Of Revenue vs Gross Profit Correlation Analysis

Correlation Coefficient

Cost Of Revenue

Gross Profit

Able View fundamental ratios Correlations

Able View Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Able Stock Analysis

COMMON DESTINATIONS

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COMPANY

Total Current Assets	+ 1.0	Total Assets
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Total Liab
Inventory	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets

Net Debt	- 0.93	Total Stockholder Equity
Retained Earnings	- 0.89	Short Long Term Debt Total
Short Long Term Debt	- 0.88	Retained Earnings
Short Long Term Debt	- 0.85	Total Stockholder Equity
Common Stock Shares Outstanding	- 0.82	Non Current Assets Total
Common Stock Shares Outstanding	- 0.8	Total Current Liabilities