ASE Research Development vs Gross Profit Analysis

ASX Stock

USD 9.88 0.07 0.71%

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

Research Development vs Gross Profit

Research Development vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ASE Industrial Holding Research Development account and Gross Profit. At this time, the significance of the direction appears to have strong relationship.

The correlation between ASE Industrial's Research Development and Gross Profit is 0.77. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Gross Profit in the same time period over historical financial statements of ASE Industrial Holding, assuming nothing else is changed. The correlation between historical values of ASE Industrial's Research Development 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 Research Development of ASE Industrial 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 Research Development i.e., ASE Industrial's Research Development and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.77

Relationship Direction	Positive
Relationship Strength	Significant

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Research Development

Gross Profit

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

At this time, ASE Industrial's Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to rise to 6.99 in 2024, whereas Selling General Administrative is likely to drop slightly above 10.4 B in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	110.4B	134.9B	91.8B	48.3B
Total Revenue	570.0B	670.9B	581.9B	611.0B

Gross Profit Total Revenue

ASE 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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		0.83	0.93	0.99	0.97	0.87	0.78	0.74	0.98	0.75	0.99	0.75	0.77	0.98	-0.3	0.83	0.42	0.81	0.78	0.87	0.94	0.87	0.97	0.99	0.53	-0.33
Short Long Term Debt Total	0.83		0.61	0.76	0.7	0.94	0.98	0.3	0.84	0.82	0.83	0.49	0.84	0.76	-0.42	0.87	0.46	0.98	0.81	0.63	0.81	0.98	0.74	0.81	0.67	-0.42
Other Current Liab	0.93	0.61		0.95	0.96	0.73	0.56	0.88	0.88	0.58	0.92	0.81	0.58	0.96	-0.3	0.73	0.24	0.58	0.62	0.91	0.89	0.68	0.97	0.91	0.28	-0.35
Total Current Liabilities	0.99	0.76	0.95		0.98	0.84	0.71	0.8	0.97	0.73	0.97	0.74	0.74	0.99	-0.24	0.79	0.39	0.73	0.77	0.89	0.91	0.82	0.98	0.99	0.53	-0.27
Total Stockholder Equity	0.97	0.7	0.96	0.98		0.81	0.64	0.85	0.95	0.71	0.96	0.76	0.72	0.97	-0.17	0.76	0.39	0.67	0.74	0.88	0.88	0.77	0.96	0.97	0.46	-0.2
Property Plant And Equipment Net	0.87	0.94	0.73	0.84	0.81		0.89	0.5	0.88	0.85	0.86	0.55	0.86	0.83	-0.31	0.92	0.42	0.9	0.89	0.72	0.81	0.98	0.81	0.87	0.63	-0.34
Net Debt	0.78	0.98	0.56	0.71	0.64	0.89		0.21	0.79	0.68	0.8	0.46	0.71	0.72	-0.5	0.83	0.45	0.98	0.74	0.58	0.81	0.94	0.7	0.74	0.6	-0.49
Retained Earnings	0.74	0.3	0.88	0.8	0.85	0.5	0.21		0.7	0.44	0.7	0.69	0.42	0.79	-0.01	0.51	0.06	0.26	0.56	0.83	0.59	0.43	0.77	0.77	0.19	-0.06
Accounts Payable	0.98	0.84	0.88	0.97	0.95	0.88	0.79	0.7		0.77	0.97	0.74	0.78	0.98	-0.31	0.85	0.39	0.83	0.81	0.84	0.92	0.89	0.93	0.98	0.54	-0.33
Cash	0.75	0.82	0.58	0.73	0.71	0.85	0.68	0.44	0.77		0.72	0.44	0.99	0.7	-0.09	0.76	0.37	0.76	0.8	0.59	0.61	0.86	0.65	0.79	0.72	-0.1
Non Current Assets Total	0.99	0.83	0.92	0.97	0.96	0.86	0.8	0.7	0.97	0.72		0.76	0.73	0.98	-0.34	0.83	0.42	0.82	0.73	0.85	0.96	0.86	0.97	0.96	0.47	-0.37
Non Currrent Assets Other	0.75	0.49	0.81	0.74	0.76	0.55	0.46	0.69	0.74	0.44	0.76		0.44	0.79	-0.6	0.59	0.24	0.52	0.4	0.83	0.82	0.56	0.73	0.72	0.05	-0.62
Cash And Short Term Investments	0.77	0.84	0.58	0.74	0.72	0.86	0.71	0.42	0.78	0.99	0.73	0.44		0.7	-0.08	0.72	0.5	0.77	0.8	0.58	0.63	0.87	0.66	0.8	0.77	-0.09
Net Receivables	0.98	0.76	0.96	0.99	0.97	0.83	0.72	0.79	0.98	0.7	0.98	0.79	0.7		-0.31	0.82	0.35	0.74	0.73	0.88	0.94	0.81	0.98	0.97	0.43	-0.34
Common Stock Total Equity	-0.3	-0.42	-0.3	-0.24	-0.17	-0.31	-0.5	-0.01	-0.31	-0.09	-0.34	-0.6	-0.08	-0.31		-0.43	0.01	-0.51	-0.14	-0.41	-0.55	-0.4	-0.27	-0.24	0.18	1.0
Common Stock Shares Outstanding	0.83	0.87	0.73	0.79	0.76	0.92	0.83	0.51	0.85	0.76	0.83	0.59	0.72	0.82	-0.43		0.09	0.87	0.81	0.73	0.81	0.92	0.78	0.82	0.42	-0.45
Short Term Investments	0.42	0.46	0.24	0.39	0.39	0.42	0.45	0.06	0.39	0.37	0.42	0.24	0.5	0.35	0.01	0.09		0.4	0.35	0.21	0.4	0.42	0.36	0.4	0.6	0.01
Non Current Liabilities Total	0.81	0.98	0.58	0.73	0.67	0.9	0.98	0.26	0.83	0.76	0.82	0.52	0.77	0.74	-0.51	0.87	0.4		0.76	0.62	0.82	0.96	0.7	0.78	0.58	-0.5
Inventory	0.78	0.81	0.62	0.77	0.74	0.89	0.74	0.56	0.81	0.8	0.73	0.4	0.8	0.73	-0.14	0.81	0.35	0.76		0.68	0.62	0.89	0.67	0.83	0.74	-0.14
Other Current Assets	0.87	0.63	0.91	0.89	0.88	0.72	0.58	0.83	0.84	0.59	0.85	0.83	0.58	0.88	-0.41	0.73	0.21	0.62	0.68		0.8	0.71	0.86	0.89	0.37	-0.43
Other Stockholder Equity	0.94	0.81	0.89	0.91	0.88	0.81	0.81	0.59	0.92	0.61	0.96	0.82	0.63	0.94	-0.55	0.81	0.4	0.82	0.62	0.8		0.82	0.93	0.88	0.33	-0.57
Total Liab	0.87	0.98	0.68	0.82	0.77	0.98	0.94	0.43	0.89	0.86	0.86	0.56	0.87	0.81	-0.4	0.92	0.42	0.96	0.89	0.71	0.82		0.77	0.86	0.65	-0.41
Property Plant And Equipment Gross	0.97	0.74	0.97	0.98	0.96	0.81	0.7	0.77	0.93	0.65	0.97	0.73	0.66	0.98	-0.27	0.78	0.36	0.7	0.67	0.86	0.93	0.77		0.94	0.41	-0.31
Total Current Assets	0.99	0.81	0.91	0.99	0.97	0.87	0.74	0.77	0.98	0.79	0.96	0.72	0.8	0.97	-0.24	0.82	0.4	0.78	0.83	0.89	0.88	0.86	0.94		0.6	-0.26
Short Term Debt	0.53	0.67	0.28	0.53	0.46	0.63	0.6	0.19	0.54	0.72	0.47	0.05	0.77	0.43	0.18	0.42	0.6	0.58	0.74	0.37	0.33	0.65	0.41	0.6		0.19
Common Stock	-0.33	-0.42	-0.35	-0.27	-0.2	-0.34	-0.49	-0.06	-0.33	-0.1	-0.37	-0.62	-0.09	-0.34	1.0	-0.45	0.01	-0.5	-0.14	-0.43	-0.57	-0.41	-0.31	-0.26	0.19

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ASE Industrial Account Relationship Matchups

ASE Industrial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	556.7B	583.9B	672.9B	707.1B	666.6B	699.9B
Short Long Term Debt Total	220.1B	203.2B	221.6B	201.3B	178.2B	109.5B
Other Current Liab	53.5B	54.1B	71.0B	86.5B	103.5B	108.7B
Total Current Liabilities	152.3B	172.5B	210.9B	222.3B	222.3B	233.5B
Total Stockholder Equity	201.0B	218.6B	260.1B	301.3B	297.8B	312.7B
Property Plant And Equipment Net	241.9B	241.8B	250.5B	279.3B	284.6B	146.2B
Net Debt	154.8B	151.7B	143.7B	136.5B	110.9B	72.5B
Retained Earnings	21.0B	30.1B	69.7B	91.6B	95.8B	100.6B
Accounts Payable	56.1B	73.3B	84.5B	79.0B	70.3B	73.8B
Cash	60.1B	51.5B	76.1B	58.0B	67.3B	36.4B
Non Current Assets Total	354.7B	359.3B	380.6B	406.7B	405.2B	425.5B
Non Currrent Assets Other	13.8B	14.0B	25.4B	25.3B	26.9B	28.3B
Cash And Short Term Investments	65.0B	56.4B	79.1B	65.6B	71.4B	41.6B
Net Receivables	78.9B	101.0B	115.5B	114.6B	121.1B	127.2B
Common Stock Shares Outstanding	4.3B	4.3B	4.4B	4.3B	4.3B	2.6B
Short Term Investments	4.9B	4.9B	3.1B	7.6B	4.1B	5.2B
Liabilities And Stockholders Equity	556.7B	583.9B	672.9B	707.1B	666.6B	699.9B
Non Current Liabilities Total	190.0B	177.1B	187.4B	164.9B	126.1B	83.9B
Inventory	45.3B	62.0B	73.2B	92.8B	63.3B	32.5B
Other Current Assets	12.7B	5.1B	24.5B	27.3B	22.1B	23.2B
Other Stockholder Equity	127.5B	154.5B	130.4B	143.1B	160.8B	168.8B
Total Liab	342.3B	349.6B	398.3B	387.1B	348.5B	180.1B
Property Plant And Equipment Gross	241.9B	241.8B	250.5B	279.3B	321.2B	337.2B
Total Current Assets	202.0B	224.6B	292.4B	300.4B	261.3B	274.4B
Accumulated Other Comprehensive Income	9.1B	14.7B	15.9B	23.0B	(2.5B)	(2.4B)
Short Term Debt	42.7B	41.3B	55.5B	56.8B	35.8B	32.6B
Common Stock	43.3B	43.5B	44.1B	43.7B	43.8B	57.9B
Other Liab	12.6B	20.3B	23.1B	20.5B	23.5B	24.7B
Other Assets	18.5B	19.3B	30.8B	9.9B	11.4B	6.4B
Long Term Debt	172.2B	157.4B	164.3B	137.8B	158.5B	166.4B
Good Will	50.2B	54.8B	52.1B	52.3B	51.7B	54.3B
Intangible Assets	78.6B	80.9B	76.0B	72.8B	17.8B	24.0B
Property Plant Equipment	241.9B	241.8B	250.5B	301.0B	346.2B	363.5B
Net Tangible Assets	122.4B	137.7B	184.1B	221.2B	254.4B	150.1B
Long Term Investments	15.6B	17.0B	23.3B	22.9B	26.3B	22.1B
Short Long Term Debt	42.7B	119.1B	139.9B	56.8B	65.3B	64.5B
Long Term Debt Total	177.4B	156.6B	166.1B	144.5B	166.2B	114.5B

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ASE Research Development vs Gross Profit Analysis

Research Development vs Gross Profit

Research Development vs Gross Profit Correlation Analysis

Correlation Coefficient

Research Development

Gross Profit

ASE Industrial fundamental ratios Correlations

ASE Industrial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ASE Industrial fundamental ratios Accounts

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Additional Tools for ASE Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Total Equity
Total Current Liabilities	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Net Receivables	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.99	Total Current Liabilities

Common Stock	- 0.62	Non Currrent Assets Other
Common Stock Total Equity	- 0.6	Non Currrent Assets Other
Common Stock	- 0.57	Other Stockholder Equity
Other Stockholder Equity	- 0.55	Common Stock Total Equity
Non Current Liabilities Total	- 0.51	Common Stock Total Equity
Common Stock	- 0.5	Non Current Liabilities Total