ABT Stock | | | USD 117.76 0.50 0.43% |
Abbott Laboratories financial indicator trend analysis is way more than just evaluating Abbott Laboratories prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Abbott Laboratories is a good investment. Please check the relationship between Abbott Laboratories Total Revenue and its Ebit accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Abbott Laboratories. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
For more information on how to buy Abbott Stock please use our
How to Invest in Abbott Laboratories guide.
Total Revenue vs Ebit
Total Revenue vs Ebit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Abbott Laboratories Total Revenue account and
Ebit. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Abbott Laboratories' Total Revenue and Ebit is 0.84. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Ebit in the same time period over historical financial statements of Abbott Laboratories, assuming nothing else is changed. The correlation between historical values of Abbott Laboratories' Total Revenue and Ebit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Abbott Laboratories are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Total Revenue i.e., Abbott Laboratories' Total Revenue and Ebit go up and down completely randomly.
Correlation Coefficient | 0.84 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Revenue
Total revenue comprises all receipts Abbott Laboratories generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Ebit
Most indicators from Abbott Laboratories' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Abbott Laboratories 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 Abbott Laboratories. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
For more information on how to buy Abbott Stock please use our
How to Invest in Abbott Laboratories guide.At this time, Abbott Laboratories'
Enterprise Value Over EBITDA is comparatively stable compared to the past year.
Enterprise Value Multiple is likely to gain to 20.06 in 2024, whereas
Tax Provision is likely to drop slightly above 949.8
M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 24.5B | 24.5B | 22.1B | 12.5B | Total Revenue | 43.1B | 43.7B | 40.1B | 22.2B |
Abbott Laboratories fundamental ratios Correlations
Click cells to compare fundamentals
Abbott Laboratories Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Abbott Laboratories fundamental ratios Accounts
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Additional Tools for Abbott Stock Analysis
When running Abbott Laboratories' price analysis, check to
measure Abbott Laboratories' 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 Abbott Laboratories is operating at the current time. Most of Abbott Laboratories' value examination focuses on studying past and present price action to
predict the probability of Abbott Laboratories' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abbott Laboratories' price. Additionally, you may evaluate how the addition of Abbott Laboratories to your portfolios can decrease your overall portfolio volatility.