Alliance Ebit vs Gross Profit Analysis

AENTW Stock

0.17 0.01 5.56%

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

Ebit vs Gross Profit

Ebit vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alliance Entertainment Ebit account and Gross Profit. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Alliance Entertainment's Ebit and Gross Profit is 0.44. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Alliance Entertainment Holding, assuming nothing else is changed. The correlation between historical values of Alliance Entertainment's Ebit 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 Ebit of Alliance Entertainment Holding 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 Ebit i.e., Alliance Entertainment's Ebit and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.44

Relationship Direction	Positive
Relationship Strength	Weak

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Ebit

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Alliance Entertainment Holding minus its cost of goods sold. It is profit before Alliance Entertainment 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 Alliance Entertainment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alliance Entertainment 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 Alliance Entertainment Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

At this time, Alliance Entertainment's Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 14.13 in 2024, despite the fact that Tax Provision is likely to grow to (2.6 M).

	2021	2022	2023	2024 (projected)
Gross Profit	182.4M	103.9M	128.9M	151.4M
Total Revenue	1.4B	1.2B	1.1B	1.2B

Gross Profit Total Revenue

Alliance Entertainment fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	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	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Long Term Debt	Capital Lease Obligations	Net Invested Capital
Common Stock Shares Outstanding		0.47	0.72	-0.7	0.34	0.54	0.38	0.53	0.47	-0.09	-0.11	0.24	-0.63	-0.16	0.58	0.74	-0.04	0.37	0.44	0.32	0.43	0.42	-0.74	-0.03	0.29	0.5
Total Assets	0.47		0.78	-0.61	0.93	0.97	-0.26	0.89	0.98	0.57	0.27	-0.43	-0.35	0.27	0.91	0.39	-0.49	0.98	0.7	-0.44	0.99	1.0	-0.82	-0.41	-0.17	0.89
Short Long Term Debt Total	0.72	0.78		-0.82	0.64	0.88	0.23	0.83	0.82	0.11	-0.15	-0.01	-0.48	-0.21	0.74	0.8	-0.23	0.73	0.72	0.16	0.73	0.75	-0.96	-0.27	0.23	0.83
Other Current Liab	-0.7	-0.61	-0.82		-0.37	-0.73	-0.54	-0.55	-0.64	0.16	0.09	-0.44	0.71	0.13	-0.68	-0.93	-0.15	-0.49	-0.85	-0.39	-0.56	-0.54	0.91	-0.28	-0.53	-0.61
Total Current Liabilities	0.34	0.93	0.64	-0.37		0.82	-0.55	0.93	0.85	0.58	0.16	-0.61	-0.17	0.2	0.79	0.14	-0.77	0.95	0.43	-0.57	0.95	0.95	-0.64	-0.66	-0.51	0.9
Total Stockholder Equity	0.54	0.97	0.88	-0.73	0.82		-0.05	0.85	0.99	0.47	0.2	-0.29	-0.38	0.17	0.88	0.55	-0.31	0.94	0.82	-0.26	0.94	0.95	-0.9	-0.29	0.06	0.87
Property Plant And Equipment Net	0.38	-0.26	0.23	-0.54	-0.55	-0.05		-0.3	-0.15	-0.58	-0.17	0.87	-0.54	-0.26	-0.04	0.74	0.81	-0.39	0.32	0.85	-0.34	-0.33	-0.29	0.74	0.94	-0.27
Net Debt	0.53	0.89	0.83	-0.55	0.93	0.85	-0.3		0.83	0.32	-0.11	-0.38	-0.27	-0.1	0.77	0.41	-0.71	0.89	0.48	-0.25	0.89	0.89	-0.79	-0.62	-0.33	0.98
Retained Earnings	0.47	0.98	0.82	-0.64	0.85	0.99	-0.15	0.83		0.58	0.28	-0.4	-0.31	0.26	0.87	0.45	-0.36	0.96	0.77	-0.38	0.96	0.97	-0.85	-0.36	-0.02	0.85
Accounts Payable	-0.09	0.57	0.11	0.16	0.58	0.47	-0.58	0.32	0.58		0.78	-0.84	0.07	0.78	0.52	-0.33	-0.34	0.62	0.12	-0.89	0.6	0.63	-0.14	-0.5	-0.39	0.24
Cash	-0.11	0.27	-0.15	0.09	0.16	0.2	-0.17	-0.11	0.28	0.78		-0.38	-0.27	0.99	0.45	-0.21	0.18	0.23	0.09	-0.63	0.3	0.3	-0.01	0.09	-0.03	-0.18
Non Current Assets Total	0.24	-0.43	-0.01	-0.44	-0.61	-0.29	0.87	-0.38	-0.4	-0.84	-0.38		-0.45	-0.42	-0.23	0.58	0.68	-0.56	0.15	0.9	-0.48	-0.51	-0.08	0.82	0.73	-0.32
Non Currrent Assets Other	-0.63	-0.35	-0.48	0.71	-0.17	-0.38	-0.54	-0.27	-0.31	0.07	-0.27	-0.45		-0.23	-0.68	-0.74	-0.24	-0.16	-0.35	-0.32	-0.33	-0.28	0.65	-0.33	-0.39	-0.2
Cash And Short Term Investments	-0.16	0.27	-0.21	0.13	0.2	0.17	-0.26	-0.1	0.26	0.78	0.99	-0.42	-0.23		0.43	-0.29	0.1	0.24	0.04	-0.69	0.31	0.3	0.04	0.06	-0.13	-0.17
Net Receivables	0.58	0.91	0.74	-0.68	0.79	0.88	-0.04	0.77	0.87	0.52	0.45	-0.23	-0.68	0.43		0.52	-0.29	0.82	0.61	-0.3	0.91	0.89	-0.85	-0.22	-0.03	0.71
Good Will	0.74	0.39	0.8	-0.93	0.14	0.55	0.74	0.41	0.45	-0.33	-0.21	0.58	-0.74	-0.29	0.52		0.29	0.26	0.67	0.63	0.32	0.31	-0.84	0.31	0.67	0.43
Non Current Liabilities Total	-0.04	-0.49	-0.23	-0.15	-0.77	-0.31	0.81	-0.71	-0.36	-0.34	0.18	0.68	-0.24	0.1	-0.29	0.29		-0.58	0.16	0.54	-0.55	-0.53	0.14	0.88	0.88	-0.65
Inventory	0.37	0.98	0.73	-0.49	0.95	0.94	-0.39	0.89	0.96	0.62	0.23	-0.56	-0.16	0.24	0.82	0.26	-0.58		0.64	-0.53	0.98	0.99	-0.74	-0.53	-0.27	0.9
Other Current Assets	0.44	0.7	0.72	-0.85	0.43	0.82	0.32	0.48	0.77	0.12	0.09	0.15	-0.35	0.04	0.61	0.67	0.16	0.64		0.07	0.63	0.65	-0.79	0.24	0.49	0.61
Other Stockholder Equity	0.32	-0.44	0.16	-0.39	-0.57	-0.26	0.85	-0.25	-0.38	-0.89	-0.63	0.9	-0.32	-0.69	-0.3	0.63	0.54	-0.53	0.07		-0.5	-0.51	-0.13	0.55	0.69	-0.21
Total Liab	0.43	0.99	0.73	-0.56	0.95	0.94	-0.34	0.89	0.96	0.6	0.3	-0.48	-0.33	0.31	0.91	0.32	-0.55	0.98	0.63	-0.5		1.0	-0.78	-0.45	-0.26	0.88
Total Current Assets	0.42	1.0	0.75	-0.54	0.95	0.95	-0.33	0.89	0.97	0.63	0.3	-0.51	-0.28	0.3	0.89	0.31	-0.53	0.99	0.65	-0.51	1.0		-0.78	-0.47	-0.24	0.88
Intangible Assets	-0.74	-0.82	-0.96	0.91	-0.64	-0.9	-0.29	-0.79	-0.85	-0.14	-0.01	-0.08	0.65	0.04	-0.85	-0.84	0.14	-0.74	-0.79	-0.13	-0.78	-0.78		0.1	-0.29	-0.8
Long Term Debt	-0.03	-0.41	-0.27	-0.28	-0.66	-0.29	0.74	-0.62	-0.36	-0.5	0.09	0.82	-0.33	0.06	-0.22	0.31	0.88	-0.53	0.24	0.55	-0.45	-0.47	0.1		0.76	-0.52
Capital Lease Obligations	0.29	-0.17	0.23	-0.53	-0.51	0.06	0.94	-0.33	-0.02	-0.39	-0.03	0.73	-0.39	-0.13	-0.03	0.67	0.88	-0.27	0.49	0.69	-0.26	-0.24	-0.29	0.76		-0.25
Net Invested Capital	0.5	0.89	0.83	-0.61	0.9	0.87	-0.27	0.98	0.85	0.24	-0.18	-0.32	-0.2	-0.17	0.71	0.43	-0.65	0.9	0.61	-0.21	0.88	0.88	-0.8	-0.52	-0.25

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Alliance Entertainment Account Relationship Matchups

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Alliance Ebit vs Gross Profit Analysis

Ebit vs Gross Profit

Ebit vs Gross Profit Correlation Analysis

Correlation Coefficient

Ebit

Gross Profit

Alliance Entertainment fundamental ratios Correlations

Alliance Entertainment Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Alliance Stock Analysis

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Total Current Assets	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Liab
Total Liab	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Stockholder Equity
Cash And Short Term Investments	+ 0.99	Cash
Total Current Assets	+ 0.99	Inventory

Intangible Assets	- 0.96	Short Long Term Debt Total
Good Will	- 0.93	Other Current Liab
Intangible Assets	- 0.9	Total Stockholder Equity
Other Stockholder Equity	- 0.89	Accounts Payable
Intangible Assets	- 0.85	Net Receivables
Intangible Assets	- 0.85	Retained Earnings