Applied Cost Of Revenue vs Net Income Analysis

AIT Stock

USD 277.11 7.88 2.93%

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

Cost Of Revenue vs Net Income

Cost Of Revenue vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Applied Industrial Cost Of Revenue account and Net Income. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Applied Industrial's Cost Of Revenue and Net Income is 0.85. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Net Income in the same time period over historical financial statements of Applied Industrial Technologies, assuming nothing else is changed. The correlation between historical values of Applied Industrial's Cost Of Revenue and Net Income 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 Applied Industrial Technologies are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Cost Of Revenue i.e., Applied Industrial's Cost Of Revenue and Net Income go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

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Cost Of Revenue

Cost of Revenue is found on Applied Industrial income statement and represents the costs associated with goods and services Applied Industrial 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.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Applied Industrial financial statement analysis. It represents the amount of money remaining after all of Applied Industrial Technologies operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

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

At this time, Applied Industrial's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 5.5 B in 2024, whereas Selling General Administrative is likely to drop slightly above 446.3 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.1B	1.3B	1.3B	1.4B
Total Revenue	3.8B	4.4B	4.5B	4.7B

Gross Profit Total Revenue

Applied Industrial fundamental ratios Correlations

	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	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		0.85	0.76	0.98	0.89	0.91	0.54	0.94	0.83	0.96	0.43	0.83	0.97	-0.84	0.86	0.72	0.79	-0.94	0.92	0.84	0.97	0.55	0.75	0.64	-0.54	-0.54
Short Long Term Debt Total	0.85		0.44	0.82	0.55	0.7	0.86	0.65	0.54	0.96	0.13	0.54	0.73	-0.7	0.99	0.65	0.4	-0.78	0.98	0.52	0.7	0.7	0.67	0.89	-0.26	-0.26
Other Current Liab	0.76	0.44		0.74	0.88	0.87	0.0	0.85	0.87	0.61	0.67	0.87	0.82	-0.6	0.42	0.36	0.86	-0.69	0.53	0.92	0.85	0.39	0.45	0.08	-0.64	-0.64
Total Current Liabilities	0.98	0.82	0.74		0.87	0.88	0.54	0.92	0.76	0.94	0.52	0.76	0.97	-0.82	0.83	0.79	0.81	-0.94	0.91	0.78	0.95	0.51	0.82	0.64	-0.43	-0.43
Total Stockholder Equity	0.89	0.55	0.88	0.87		0.88	0.12	0.99	0.91	0.74	0.56	0.91	0.95	-0.78	0.54	0.56	0.93	-0.85	0.65	0.94	0.97	0.29	0.59	0.25	-0.73	-0.73
Property Plant And Equipment Net	0.91	0.7	0.87	0.88	0.88		0.31	0.92	0.93	0.82	0.49	0.93	0.88	-0.77	0.71	0.54	0.82	-0.88	0.78	0.93	0.93	0.62	0.56	0.39	-0.61	-0.61
Net Debt	0.54	0.86	0.0	0.54	0.12	0.31		0.25	0.08	0.75	-0.12	0.08	0.4	-0.4	0.88	0.61	-0.03	-0.51	0.82	0.08	0.32	0.57	0.61	0.97	0.16	0.16
Retained Earnings	0.94	0.65	0.85	0.92	0.99	0.92	0.25		0.91	0.82	0.49	0.91	0.97	-0.84	0.64	0.62	0.89	-0.92	0.74	0.93	0.99	0.36	0.64	0.37	-0.7	-0.7
Cash	0.83	0.54	0.87	0.76	0.91	0.93	0.08	0.91		0.68	0.42	1.0	0.81	-0.72	0.53	0.38	0.85	-0.78	0.61	0.95	0.9	0.51	0.4	0.18	-0.75	-0.75
Non Current Assets Total	0.96	0.96	0.61	0.94	0.74	0.82	0.75	0.82	0.68		0.3	0.68	0.89	-0.79	0.96	0.74	0.61	-0.9	0.99	0.69	0.86	0.63	0.77	0.81	-0.39	-0.39
Non Currrent Assets Other	0.43	0.13	0.67	0.52	0.56	0.49	-0.12	0.49	0.42	0.3		0.42	0.54	-0.18	0.13	0.47	0.72	-0.33	0.24	0.47	0.52	0.14	0.52	0.02	-0.06	-0.06
Cash And Short Term Investments	0.83	0.54	0.87	0.76	0.91	0.93	0.08	0.91	1.0	0.68	0.42		0.81	-0.72	0.53	0.38	0.85	-0.78	0.61	0.95	0.9	0.51	0.4	0.18	-0.75	-0.75
Net Receivables	0.97	0.73	0.82	0.97	0.95	0.88	0.4	0.97	0.81	0.89	0.54	0.81		-0.83	0.74	0.72	0.86	-0.93	0.83	0.86	0.98	0.39	0.76	0.51	-0.57	-0.57
Common Stock Shares Outstanding	-0.84	-0.7	-0.6	-0.82	-0.78	-0.77	-0.4	-0.84	-0.72	-0.79	-0.18	-0.72	-0.83		-0.7	-0.43	-0.62	0.87	-0.76	-0.72	-0.83	-0.35	-0.43	-0.45	0.68	0.68
Non Current Liabilities Total	0.86	0.99	0.42	0.83	0.54	0.71	0.88	0.64	0.53	0.96	0.13	0.53	0.74	-0.7		0.69	0.4	-0.8	0.99	0.51	0.7	0.72	0.71	0.9	-0.22	-0.22
Inventory	0.72	0.65	0.36	0.79	0.56	0.54	0.61	0.62	0.38	0.74	0.47	0.38	0.72	-0.43	0.69		0.54	-0.74	0.74	0.4	0.66	0.31	0.97	0.73	0.08	0.08
Other Current Assets	0.79	0.4	0.86	0.81	0.93	0.82	-0.03	0.89	0.85	0.61	0.72	0.85	0.86	-0.62	0.4	0.54		-0.72	0.52	0.84	0.9	0.32	0.57	0.11	-0.55	-0.55
Other Stockholder Equity	-0.94	-0.78	-0.69	-0.94	-0.85	-0.88	-0.51	-0.92	-0.78	-0.9	-0.33	-0.78	-0.93	0.87	-0.8	-0.74	-0.72		-0.87	-0.79	-0.92	-0.44	-0.74	-0.6	0.5	0.5
Total Liab	0.92	0.98	0.53	0.91	0.65	0.78	0.82	0.74	0.61	0.99	0.24	0.61	0.83	-0.76	0.99	0.74	0.52	-0.87		0.61	0.8	0.69	0.77	0.86	-0.29	-0.29
Property Plant And Equipment Gross	0.84	0.52	0.92	0.78	0.94	0.93	0.08	0.93	0.95	0.69	0.47	0.95	0.86	-0.72	0.51	0.4	0.84	-0.79	0.61		0.92	0.39	0.44	0.17	-0.79	-0.79
Total Current Assets	0.97	0.7	0.85	0.95	0.97	0.93	0.32	0.99	0.9	0.86	0.52	0.9	0.98	-0.83	0.7	0.66	0.9	-0.92	0.8	0.92		0.44	0.69	0.44	-0.64	-0.64
Short Term Debt	0.55	0.7	0.39	0.51	0.29	0.62	0.57	0.36	0.51	0.63	0.14	0.51	0.39	-0.35	0.72	0.31	0.32	-0.44	0.69	0.39	0.44		0.35	0.51	-0.06	-0.06
Accounts Payable	0.75	0.67	0.45	0.82	0.59	0.56	0.61	0.64	0.4	0.77	0.52	0.4	0.76	-0.43	0.71	0.97	0.57	-0.74	0.77	0.44	0.69	0.35		0.73	0.06	0.06
Intangible Assets	0.64	0.89	0.08	0.64	0.25	0.39	0.97	0.37	0.18	0.81	0.02	0.18	0.51	-0.45	0.9	0.73	0.11	-0.6	0.86	0.17	0.44	0.51	0.73		0.1	0.1
Common Stock Total Equity	-0.54	-0.26	-0.64	-0.43	-0.73	-0.61	0.16	-0.7	-0.75	-0.39	-0.06	-0.75	-0.57	0.68	-0.22	0.08	-0.55	0.5	-0.29	-0.79	-0.64	-0.06	0.06	0.1		1.0
Common Stock	-0.54	-0.26	-0.64	-0.43	-0.73	-0.61	0.16	-0.7	-0.75	-0.39	-0.06	-0.75	-0.57	0.68	-0.22	0.08	-0.55	0.5	-0.29	-0.79	-0.64	-0.06	0.06	0.1	1.0

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Applied Industrial Account Relationship Matchups

Applied Industrial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.3B	2.3B	2.5B	2.7B	3.0B	3.1B
Short Long Term Debt Total	933.8M	828.4M	689.3M	622.1M	734.9M	771.7M
Other Current Liab	99.3M	148.7M	200.0M	182.3M	209.1M	219.6M
Total Current Liabilities	426.1M	427.7M	499.6M	540.3M	501.1M	526.2M
Total Stockholder Equity	843.5M	932.5M	1.1B	1.5B	1.7B	1.8B
Property Plant And Equipment Net	212.5M	202.7M	219.9M	215.7M	251.8M	264.4M
Net Debt	665.2M	570.6M	504.9M	278.1M	274.3M	164.3M
Retained Earnings	1.2B	1.3B	1.5B	1.8B	2.1B	2.2B
Cash	268.6M	257.7M	184.5M	344.0M	460.6M	483.6M
Non Current Assets Total	1.1B	1.1B	1.1B	1.1B	1.2B	1.2B
Non Currrent Assets Other	27.4M	32.8M	59.3M	66.8M	42.4M	31.2M
Cash And Short Term Investments	268.6M	257.7M	184.5M	344.0M	460.6M	483.6M
Net Receivables	450.0M	516.3M	656.4M	708.4M	737.5M	774.4M
Common Stock Shares Outstanding	39.0M	39.3M	39.1M	39.2M	39.3M	33.3M
Liabilities And Stockholders Equity	2.3B	2.3B	2.5B	2.7B	3.0B	3.1B
Non Current Liabilities Total	1.0B	911.6M	803.6M	744.6M	762.0M	800.1M
Inventory	389.2M	362.5M	449.8M	501.2M	488.3M	249.9M
Other Current Assets	52.1M	60.0M	68.8M	93.2M	83.5M	87.7M
Other Stockholder Equity	(237.6M)	(278.8M)	(288.0M)	(288.9M)	(365.5M)	(347.2M)
Total Liab	1.4B	1.3B	1.3B	1.3B	1.3B	1.3B
Property Plant And Equipment Gross	212.5M	202.7M	326.9M	344.1M	496.5M	521.3M
Total Current Assets	1.2B	1.2B	1.4B	1.6B	1.8B	1.9B
Accumulated Other Comprehensive Income	(129.4M)	(93.1M)	(72.3M)	(55.3M)	(77.6M)	(73.7M)
Short Term Debt	78.6M	70.9M	40.2M	56.3M	25.1M	36.6M
Accounts Payable	186.3M	208.2M	259.5M	301.7M	266.9M	134.2M
Intangible Assets	343.2M	279.6M	250.6M	235.5M	245.9M	159.7M
Other Liab	90.9M	126.7M	154.5M	74.9M	86.2M	69.4M
Other Assets	15.2M	32.8M	59.3M	66.8M	1.0	0.95
Long Term Debt	855.1M	784.9M	649.2M	596.9M	572.3M	327.8M
Good Will	540.6M	560.1M	563.2M	578.4M	619.4M	650.4M
Treasury Stock	(414.1M)	(455.8M)	(471.8M)	(477.5M)	(429.8M)	(408.3M)
Property Plant Equipment	212.5M	202.7M	111.9M	215.7M	248.1M	260.5M
Current Deferred Revenue	68.0M	61.9M	77.7M	98.7M	113.6M	73.2M
Net Tangible Assets	(40.3M)	92.8M	335.6M	644.5M	580.0M	315.8M
Retained Earnings Total Equity	1.2B	1.3B	1.5B	1.8B	2.1B	1.1B
Capital Surpluse	176.5M	177.0M	183.8M	188.6M	216.9M	183.2M
Non Current Liabilities Other	158.8M	126.7M	154.5M	147.6M	189.8M	107.9M
Accumulated Depreciation	(192.1M)	(204.3M)	(215.0M)	(229.0M)	(206.1M)	(216.4M)
Long Term Debt Total	855.1M	784.9M	649.2M	596.9M	686.5M	642.0M
Short Long Term Debt	78.6M	43.5M	40.2M	25.2M	25.1M	33.7M

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