Allegiant Total Operating Expenses vs Gross Profit Analysis

ALGT Stock

USD 79.09 3.92 5.21%

Allegiant Travel financial indicator trend analysis is way more than just evaluating Allegiant Travel prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Allegiant Travel is a good investment. Please check the relationship between Allegiant Travel Total Operating Expenses and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegiant Travel. 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.

For more information on how to buy Allegiant Stock please use our How to Invest in Allegiant Travel guide.

Total Operating Expenses vs Gross Profit

Total Operating Expenses vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Allegiant Travel Total Operating Expenses account and Gross Profit. At this time, the significance of the direction appears to have very week relationship.

The correlation between Allegiant Travel's Total Operating Expenses and Gross Profit is 0.24. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Allegiant Travel, assuming nothing else is changed. The correlation between historical values of Allegiant Travel's Total Operating Expenses 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 Total Operating Expenses of Allegiant Travel 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 Total Operating Expenses i.e., Allegiant Travel's Total Operating Expenses and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.24

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Allegiant Travel minus its cost of goods sold. It is profit before Allegiant Travel 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 Allegiant Travel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Allegiant Travel 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 Allegiant Travel. 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.

For more information on how to buy Allegiant Stock please use our How to Invest in Allegiant Travel guide.At this time, Allegiant Travel's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 7.93 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.1 in 2024.

	2023	2024 (projected)
Extraordinary Items	67.3M	59.8M
Reconciled Depreciation	216.4M	185.1M

Extraordinary Items Reconciled Depreciation

Allegiant Travel fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Assets	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	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	Non Current Liabilities Total	Inventory	Other Current Assets	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Current Deferred Revenue	Long Term Debt
Total Assets		0.95	0.29	0.29	0.2	0.97	0.89	0.7	0.9	0.92	0.88	0.86	0.9	0.55	0.92	0.76	0.68	0.22	0.88	0.72	0.7	0.94	0.67	0.81	0.87	0.89
Total Stockholder Equity	0.95		0.02	0.35	0.2	0.89	0.94	0.72	0.93	0.96	0.93	0.91	0.96	0.67	0.96	0.86	0.79	0.44	0.95	0.8	0.73	0.97	0.79	0.84	0.94	0.94
Other Assets	0.29	0.02		0.1	0.3	0.36	-0.16	0.06	-0.09	-0.09	-0.17	-0.1	-0.06	-0.07	-0.08	-0.13	-0.15	-0.77	-0.17	-0.05	0.0	-0.03	-0.21	-0.14	-0.15	-0.15
Common Stock Shares Outstanding	0.29	0.35	0.1		0.3	0.25	0.17	0.21	0.29	0.2	0.14	0.22	0.3	0.4	0.2	0.13	0.36	0.04	0.18	0.51	0.15	0.22	0.35	0.14	0.44	0.17
Other Stockholder Equity	0.2	0.2	0.3	0.3		0.15	-0.01	0.23	0.09	0.02	-0.05	-0.22	0.28	0.35	0.03	0.27	0.19	-0.25	0.01	0.08	0.45	0.16	0.16	0.04	0.07	-0.04
Total Liab	0.97	0.89	0.36	0.25	0.15		0.82	0.52	0.86	0.87	0.81	0.82	0.79	0.44	0.87	0.75	0.56	0.07	0.8	0.6	0.52	0.89	0.52	0.82	0.79	0.8
Short Long Term Debt Total	0.89	0.94	-0.16	0.17	-0.01	0.82		0.7	0.96	0.99	1.0	0.95	0.94	0.55	0.99	0.8	0.74	0.61	1.0	0.75	0.72	0.98	0.77	0.89	0.95	1.0
Other Current Liab	0.7	0.72	0.06	0.21	0.23	0.52	0.7		0.56	0.64	0.66	0.63	0.76	0.78	0.65	0.5	0.88	0.49	0.75	0.77	0.87	0.68	0.9	0.37	0.69	0.75
Total Current Liabilities	0.9	0.93	-0.09	0.29	0.09	0.86	0.96	0.56		0.98	0.96	0.89	0.92	0.42	0.98	0.79	0.62	0.48	0.93	0.71	0.67	0.98	0.64	0.96	0.96	0.93
Property Plant And Equipment Net	0.92	0.96	-0.09	0.2	0.02	0.87	0.99	0.64	0.98		0.99	0.95	0.94	0.5	1.0	0.83	0.68	0.52	0.98	0.74	0.69	0.99	0.7	0.92	0.95	0.98
Net Debt	0.88	0.93	-0.17	0.14	-0.05	0.81	1.0	0.66	0.96	0.99		0.95	0.92	0.48	0.99	0.78	0.69	0.6	0.99	0.72	0.7	0.97	0.72	0.91	0.94	0.99
Retained Earnings	0.86	0.91	-0.1	0.22	-0.22	0.82	0.95	0.63	0.89	0.95	0.95		0.84	0.52	0.95	0.74	0.7	0.54	0.94	0.76	0.54	0.9	0.72	0.82	0.9	0.95
Accounts Payable	0.9	0.96	-0.06	0.3	0.28	0.79	0.94	0.76	0.92	0.94	0.92	0.84		0.63	0.94	0.83	0.77	0.53	0.95	0.77	0.84	0.96	0.79	0.83	0.92	0.93
Cash	0.55	0.67	-0.07	0.4	0.35	0.44	0.55	0.78	0.42	0.5	0.48	0.52	0.63		0.5	0.61	0.91	0.39	0.61	0.65	0.58	0.53	0.87	0.25	0.58	0.58
Non Current Assets Total	0.92	0.96	-0.08	0.2	0.03	0.87	0.99	0.65	0.98	1.0	0.99	0.95	0.94	0.5		0.83	0.69	0.51	0.98	0.75	0.7	0.99	0.71	0.92	0.95	0.98
Non Currrent Assets Other	0.76	0.86	-0.13	0.13	0.27	0.75	0.8	0.5	0.79	0.83	0.78	0.74	0.83	0.61	0.83		0.64	0.33	0.81	0.6	0.53	0.84	0.62	0.76	0.75	0.79
Cash And Short Term Investments	0.68	0.79	-0.15	0.36	0.19	0.56	0.74	0.88	0.62	0.68	0.69	0.7	0.77	0.91	0.69	0.64		0.6	0.79	0.84	0.69	0.7	0.99	0.46	0.76	0.77
Net Receivables	0.22	0.44	-0.77	0.04	-0.25	0.07	0.61	0.49	0.48	0.52	0.6	0.54	0.53	0.39	0.51	0.33	0.6		0.62	0.52	0.49	0.47	0.68	0.45	0.58	0.61
Non Current Liabilities Total	0.88	0.95	-0.17	0.18	0.01	0.8	1.0	0.75	0.93	0.98	0.99	0.94	0.95	0.61	0.98	0.81	0.79	0.62		0.77	0.75	0.97	0.81	0.85	0.95	1.0
Inventory	0.72	0.8	-0.05	0.51	0.08	0.6	0.75	0.77	0.71	0.74	0.72	0.76	0.77	0.65	0.75	0.6	0.84	0.52	0.77		0.62	0.73	0.86	0.55	0.82	0.77
Other Current Assets	0.7	0.73	0.0	0.15	0.45	0.52	0.72	0.87	0.67	0.69	0.7	0.54	0.84	0.58	0.7	0.53	0.69	0.49	0.75	0.62		0.75	0.74	0.53	0.71	0.73
Property Plant And Equipment Gross	0.94	0.97	-0.03	0.22	0.16	0.89	0.98	0.68	0.98	0.99	0.97	0.9	0.96	0.53	0.99	0.84	0.7	0.47	0.97	0.73	0.75		0.72	0.92	0.94	0.96
Total Current Assets	0.67	0.79	-0.21	0.35	0.16	0.52	0.77	0.9	0.64	0.7	0.72	0.72	0.79	0.87	0.71	0.62	0.99	0.68	0.81	0.86	0.74	0.72		0.48	0.78	0.8
Short Term Debt	0.81	0.84	-0.14	0.14	0.04	0.82	0.89	0.37	0.96	0.92	0.91	0.82	0.83	0.25	0.92	0.76	0.46	0.45	0.85	0.55	0.53	0.92	0.48		0.85	0.85
Current Deferred Revenue	0.87	0.94	-0.15	0.44	0.07	0.79	0.95	0.69	0.96	0.95	0.94	0.9	0.92	0.58	0.95	0.75	0.76	0.58	0.95	0.82	0.71	0.94	0.78	0.85		0.94
Long Term Debt	0.89	0.94	-0.15	0.17	-0.04	0.8	1.0	0.75	0.93	0.98	0.99	0.95	0.93	0.58	0.98	0.79	0.77	0.61	1.0	0.77	0.73	0.96	0.8	0.85	0.94

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Allegiant Travel Account Relationship Matchups

Allegiant Travel fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.0B	685.3M	4.0B	4.5B	4.9B	5.1B
Total Stockholder Equity	883.6M	699.4M	1.2B	1.2B	1.3B	1.4B
Other Assets	174.2M	(2.6B)	4.0K	251.3M	1.0	1.05
Common Stock Shares Outstanding	16.0M	16.0M	17.2M	18.0M	18.0M	18.0M
Liabilities And Stockholders Equity	3.0B	685.3M	4.0B	4.5B	4.9B	5.1B
Other Stockholder Equity	(327.6M)	(316.3M)	54.0M	49.4M	59.1M	62.1M
Total Liab	2.1B	(14.1M)	2.8B	2.1B	3.5B	3.7B
Short Long Term Debt Total	1.4B	1.8B	1.9B	2.2B	2.4B	2.5B
Other Current Liab	161.7M	168.0M	429.1M	618.7M	263.3M	152.9M
Total Current Liabilities	612.6M	689.3M	663.0M	869.8M	1.2B	1.3B
Property Plant And Equipment Net	2.3B	2.2B	2.4B	2.9B	3.5B	3.7B
Net Debt	1.3B	1.6B	1.5B	2.0B	2.2B	2.3B
Retained Earnings	1.2B	1.0B	1.2B	1.2B	1.3B	1.3B
Accounts Payable	27.7M	34.2M	43.6M	58.3M	54.5M	57.2M
Cash	121.9M	152.8M	365.6M	230M	143.3M	128.3M
Non Current Assets Total	2.4B	2.3B	2.7B	3.2B	3.9B	4.1B
Non Currrent Assets Other	174.2M	138.2M	260.8M	93.9M	264.5M	277.7M
Cash And Short Term Investments	457.8M	685.3M	1.2B	955.1M	814.7M	430.9M
Net Receivables	25.5M	192.2M	62.7M	106.6M	70.7M	40.5M
Non Current Liabilities Total	1.5B	1.9B	2.1B	2.4B	2.3B	2.4B
Inventory	28.4M	24.0M	27.5M	35.5M	36.3M	18.4M
Other Current Assets	1.0M	42.2M	65.4M	177.1M	79.4M	83.3M
Property Plant And Equipment Gross	2.2B	2.2B	3.1B	3.7B	4.5B	4.7B
Total Current Assets	562.2M	943.6M	1.3B	1.3B	1.0B	541.7M
Accumulated Other Comprehensive Income	98K	(27K)	2.1M	1.3M	4.0M	4.2M
Short Term Debt	173.3M	245.9M	168.2M	192.8M	481.7M	505.8M
Current Deferred Revenue	250.0M	307.5M	307.5M	379.5M	391.9M	411.5M
Long Term Debt	1.2B	1.4B	1.6B	1.9B	1.8B	1.9B
Short Term Investments	335.9M	532.5M	817.2M	725.1M	671.4M	705.0M
Treasury Stock	(605.0M)	(617.6M)	(646.0M)	(638.1M)	(574.3M)	(545.5M)
Property Plant Equipment	2.2B	2.1B	2.4B	2.9B	3.4B	3.5B
Net Tangible Assets	883.6M	699.4M	1.2B	1.2B	1.4B	710.1M
Retained Earnings Total Equity	1.0B	1.2B	1.0B	1.2B	1.3B	703.6M
Long Term Debt Total	1.1B	1.2B	1.4B	1.6B	1.9B	932.7M
Capital Surpluse	270.9M	289.9M	329.8M	692.1M	795.9M	835.7M
Deferred Long Term Liab	232.5M	301.8M	146.9M	157.4M	181.0M	121.5M
Long Term Investments	15.5M	0.0	2.2M	63.3M	56.0M	37.2M

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