| AGX Stock | | | USD 157.02 1.61 1.01% |
Argan financial indicator trend analysis is way more than just evaluating Argan Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Argan Inc is a good investment. Please check the relationship between Argan Total Operating Expenses and its Cost Of Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Argan Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
Total Operating Expenses vs Cost Of Revenue
Total Operating Expenses vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Argan Inc Total Operating Expenses account and
Cost Of Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between Argan's Total Operating Expenses and Cost Of Revenue is 0.76. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Argan Inc, assuming nothing else is changed. The correlation between historical values of Argan's Total Operating Expenses 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 Total Operating Expenses of Argan Inc 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 Total Operating Expenses i.e., Argan's Total Operating Expenses and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.76 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
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.
Cost Of Revenue
Cost of Revenue is found on Argan Inc income statement and represents the costs associated with goods and services Argan 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 Argan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Argan Inc 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 Argan Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
At this time, Argan's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to rise to 10.83 in 2024, despite the fact that
Discontinued Operations is likely to grow to (243.7
K).
| 2021 | 2022 | 2023 | 2024 (projected) |
Total Operating Expenses | 47.3M | 44.7M | 44.4M | 46.6M | Cost Of Revenue | 409.6M | 368.7M | 494.5M | 519.2M |
Argan fundamental ratios Correlations
Click cells to compare fundamentals
Argan Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Argan fundamental ratios Accounts
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Additional Tools for Argan Stock Analysis
When running Argan's price analysis, check to
measure Argan's 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 Argan is operating at the current time. Most of Argan's value examination focuses on studying past and present price action to
predict the probability of Argan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Argan's price. Additionally, you may evaluate how the addition of Argan to your portfolios can decrease your overall portfolio volatility.